What is Supply Chain Management (SCM)? (Video)

What is Supply Chain Management?

The term was coined over 35 years ago but still to this day there are a large number of different definitions of SCM.

To someone who is starting out their career, or who is new to the field of Supply Chain, it is understandable that there may be confusion as to the definition of SCM.

But the reality is that there are many expert individuals and organizations who define Supply Chain differently. Are they really that different or are there just subtle nuances in what some people consider SCM that others do not?

Watch our video to learn more about how people define Supply Chain Management!

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How AI, Machine Learning and Automation Will Impact Business!

We are living in exciting and innovative times with futuristic technology literally at our fingertips to impact business. But for the longest time, small to medium sized businesses were not serviced by the latest tech trends enterprises have been able to benefit from. That is, until now.

In this article, we’ll explore these technology trends and how they will impact business in the future.

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What is Logistics Exactly?

Logistics has been in the news a lot lately, and it will continue to be for some time to come.

In March of 2021 we heard about Logistics when a ship blocked passage through the Suez Canal. In the second half of 2021 we heard about the enormous log jam for overseas shipping in ports around the world.

By now everyone should understand the incredible importance of Logistics to our economies and to our lives. But aside from these disruptive events, does everyone really understand what it actually is?

Let’s explore. What is Logistics exactly?

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Warehousing: Optimize Storage Locations!

“We just spent several millions of dollars on a new Warehouse Management System for our E-Commerce Online Distribution Centre.  We do not need to spend any more money on our Supply Chain.” That sounded very intriguing to say the least.  At a minimize we needed to optimize storage.

The E-Commerce business anticipated 20-30% year to year growth. I could only interpret, having just joined the company, that all of the steps and planning needed had been taken.  We had to ensure that the Distribution Centre could handle Holiday volumes, especially over the Black Friday/Cyber Monday period.

However imagine my surprise when I went to the Online Distribution Centre.  All I saw was a very large warehouse with nothing but racks and shelving as far as the eye could see.  Employees were pushing carts up and down aisles, across the entire warehouse.  They were trying to find each of the products required to fill a particular customer order. The company had just invested in an expensive Warehouse Management System.

Yet  no time or money had been spent on process optimization, order fulfillment cycle time reduction,  cost reduction, or peak capacity load management.

We were in for a hectic Holiday season, at best!

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Comprehensive Guide to Logistics Mobile App Development!

When we mention the word ‘logistics,’ it often conjures images of complex processes, extensive paperwork, manual labor, and constant vigilance. However, thanks to recent technological advancements, the logistics industry has undergone a remarkable transformation.

Tasks that once meant standing in long queues for hours to send a courier can now be effortlessly managed with a simple tap on a mobile phone screen. The market size of the logistics industry scale is projected to exceed 14.08 trillion U.S. dollars. Hence Logistics mobile app development is the most wise thing that a business owner must opt for. 

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Will Driverless Trucks Ever Gain Traction?

Self-driving vehicles (driverless vehicles) are being tested throughout the world, with technology companies focused on bringing greater efficiency and profitability to the freight business.

Heavy hitters, including Uber with its recent purchase of Otto, and Tesla with its initiatives for autonomous driving platforms, have made waves throughout media outlets and investor groups alike.

However, driverless trucks have yet to gain full traction in the broad market for a variety of reasons.

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The 5 Point Last Minute Black Friday Supply Chain Checklist!

Black Friday is almost here!  The Last Minute Black Friday Supply Chain checklist is here too!

It marks the tipping point demarcating the less busy, preparation focussed pre-Black Friday period from the frantically busy, execution focussed post-Black Friday period.

Record sales are expected from the online retail channel in particular, as is the case year after year.

For Supply Chain teams this means that time is running out to ensure that all of the planning, preparation, contingencies, resources, systems, processes and goods are in place.  

Here is our Last Minute Black Friday checklist.

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Trade War Myopia and Supply Chain Leadership!

All of the protectionist tariffs that are being imposed are surely upsetting the world order in international trade.  The starting position that initiated all of this was that it was to protect national security in the U.S., largely from its Allies!  Seriously?

This is all politically motivated with the intent of generating more jobs within the U.S. and improving real, or perceived, trade imbalances by the richest country in the world.   Not unexpectedly those countries that have been hit by tariffs from the U.S. are responding in kind to protect their own interests.  The death spiral spins on.

While we must wait to see how all of this mess sorts itself out the Supply Chain leaders of today must create and implement the strategies necessary to combat these trade complications and ensure the ongoing integrity of their Supply Chains.

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Are You on the Supply Chain Naughty List or Nice List this Year?

Supply Chain is a very difficult business area to work in.  It is not for the faint of heart.  But the fact that it is such a challenging area, promising both risk and reward, is one of the things that makes it an exciting career path.  At any point you can be on the Naughty list or the Nice list.

These are hard jobs.  I’ve heard it said many times that just staying afloat in Supply Chain is success because there are so many things that could drown you from one day to the next.

And even though the Supply Chain is absolutely essential for running virtually any business the Supply Chain team doesn’t always get the recognition they deserve for keeping the company afloat.

So we felt that it was time to sit back and reflect on what kind of year you’ve had and think about what you’ve done, what you’ve overcome, and what you’ve accomplished.

What do you think?  Are you on the Naughty list or the Nice list?

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Our 2017 Top 10 List! – Part 2

It’s been a tremendous first year at  supplychaingamechanger.com.  Our goal has always been to share experiences and expertise.  And in the second half of 2017 we had an ever increasing number of articles contributed by industry leaders all of whom have been very generous in sharing their intellect and insights.  This is our second 2017 Top 10 List.

Our readers and contributors come from all over the world.  They include individuals new to Supply Chain as well as Industry leaders and everyone in between.   And they work in many different industries and vocations.   But they all have a common interest in Supply Chain, Operations, Business, Leadership, Change Management, Human Resources, Transformation,  and Technology.

Most importantly they all have an interest in learning and sharing.

As we end this first year we wanted to publish our 2nd Top 10 List.  Our first Top 10 List covered the Top blog posts from the first half of 2017 so our 2nd Top 10 List will cover the second half of 2017.

Thank you for your tremendous, ongoing support.  

So here is our 2nd Top 10 List of 2017…

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8 Reasons to Consider a Career in Logistics!

A career in logistics may not be the first thing that comes to mind when you’re thinking about your future, but it’s a field that offers plenty of opportunities for those who are looking for a stable and rewarding career.

Here are 8 good reasons why you should consider a career in logistics.

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Get Ready for Holiday Now: Make It Boring (From A Supply Chain Perspective)!

The Holiday season finished recently.  And the next Holiday season may seem far away.  But in the area of E-Commerce Fulfillment it will be here before you know it.  Now is the time to begin implementing the improvements and strategies you need to make this coming Holiday season more successful than last year.

Having gone through the ups and downs and stresses of several Retail Holiday seasons myself, one January I gave this direction to my team.  For the upcoming Holiday our theme was that we were going to have a BORING Holiday season … from a Supply Chain perspective.

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What is Blockchain? And How Does it Work? (Infographic)

Blockchain!

What is all the fuss about?  It’s a word that was rarely used or even heard of in Supply Chain not that long ago.  But now it is very common to hear about Blockchain.  Further it is often used in the context of being a necessary and integral part of any Digital Supply Chain Strategy.

Most companies do not yet have a Blockchain strategy.  More importantly  most people do not even know what it is.  How can you have a strategy for something if you don’t know what it is?  So, as with anything, let’s start at the beginning.

What exactly is Blockchain?

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Customer Returns State … And What to Do Next! (Infographic)

Customer Returns are an inevitability in retail.

People buy things, take them home and for various reasons, they will then decide to return them to the store they purchased them.

While retailers likely hate dealing with returns, they need to have a policy in place that all staff understand in order to ensure it’s a streamlined process.

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Using Lean Management for Inventory!

What is Lean Management for inventory?

What techniques are applied to make it successful?

More firms are implementing lean inventory management techniques to reduce costs, improve flexibility and have more time to focus on their customers.

Lean supply chain and inventory management enable Small Medium Businesses (SMB) to improve efficiency and increase profits.

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