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Education & Professional Development

Q&A: Matching Supply Chain Training to 21st-Century Needs

It's a whole new era of supply chain, with demands that were scarcely imaginable decades ago, and the techniques for training both new and veteran supply-chain professionals must change accordingly. It's a whole new era of supply chain, with demands that were scarcely imaginable decades ago, and the techniques for training both new and veteran supply-chain professionals must change accordingly.

May 1, 2017

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Global Supply Chain Management

The Weakness of an Omnichannel Retail Strategy

Analyst Insight: Omnichannel is now the cost of entry, although it cannot be the core of your strategy to survive and grow in today's e-commerce environment. This is a defensive strategy. In this digital age you face more competition chipping away at your revenue and profitability. You must take advantage of e-commerce by growing into new retail market segments, experimenting with creating new retailer brands, and making acquisitions to expand into segments where your brand is lacking. - Steve Wilson, digital supply chain analyst, Tompkins International

April 12, 2017

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Global Trade Management

Globalization - Is It Dying?

Analyst Insight: Many countries have struggled to regain the economic prosperity they experienced before the 2008 financial crisis. Stemming from the frustrations of slow economic growth, a wave of populism is spreading across many countries, and perhaps one of the most startling results has been Brexit. Populism does not necessarily mean the end of globalization, but instead changing globalization that is evident as supply chains are adapting to the new environment. - John Haber, CEO, Spend Management

April 12, 2017

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Education & Professional Development

Credentials for Supply Chain Risk Management Are Advancing

Analyst Insight: Lehigh University developed the first MBA SCRM class in 2010. The concept has now grown to a global level: The SCRM Consortium includes 17 companies; SCRM continues to be a popular course at Lehigh and ERM is currently taught at Villanova University; 20-plus workshops and 10 conferences per year are held around the globe. A recently published book and the Consortium itself continue to support companies to Identify, Assess, Mitigate and Manage supply chain risks. - Gregory Schlegel, founder, The Supply Chain Risk Management Consortium

April 11, 2017

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Cross-Border Hubs Hustle to Keep Up With E-Commerce Demand

Analyst Insight: International e-commerce, also known as cross-border e-commerce, is growing at a rapid rate, but is faced with a number of challenges such as currency, delivery times, customs and returns. As a result, logistics providers such as FedEx, UPS and Pitney Bowes have acquired niche players to expand international e-commerce capabilities. Combined with these niche players, logistics providers are utilizing global gateways to reduce costs and delivery times. - Melissa Runge, vice president of analytical solutions, Spend Management

April 11, 2017

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Business Strategy Alignment

How Business-Operations Alignment Can Manage Digital Disruptions

Analyst Insight: Many companies continue to struggle with ensuring their operations are fully aligned with, and are enabling, their business strategies. The rapid introduction of digital disruptions, and the resulting need for enterprise-wide digital strategies, have exacerbated the problem. Business strategies are mostly about products and target markets. Operations must deal with customer experiences and delivering on the services and value propositions for buying the products. - Gene Tyndall, executive vice president, Tompkins International

April 10, 2017

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Global Supply Chain Management

E-Commerce vs. In-Store: Using Supply Chains to Compete

Analyst Insight: According to marketing firm eMarketer, double-digit growth is anticipated for e-commerce through 2020 from a projected $1.915tr in sales in 2016 to $4tr by 2020. Brick-and-mortar stores are investing heavily to compete with e-commerce giants such as Amazon and Alibaba, but will it be enough? Supply chains continue to play a major role as brick and mortar stores invest and transform their businesses to meet today's retail challenges. - Kim McQuilken, COO, Spend Management

April 10, 2017

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A Better Risk Management Metric for Supply Chain Finance

Analyst Insight: It's surprising yet true that not many professionals in supply chain or S&OP are aware of Cash Conversion Cycle (CCC), a critical success factor metric. Many in finance are well aware of the metric. The elements are simple - Inventory Days of Supply + Accounts Receivable Days of Supply - Payables Days of Supply. Why is the metric so foreign and why doesn't everyone in SCM and S&OP use it to measure success? - Gregory Schlegel, executive-in-residence, Center for Supply Chain Research, Lehigh University

April 7, 2017

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Software Robots Are Disrupting Businesses, Optimizing Supply Chains

Analyst Insight: Robotic process automation has the potential to transform organizations by helping to optimize back-office and repetitive functions. It can increase productivity and quality while reducing costs, and in many cases it requires minimal investment. In fact, organizations are finding that it can pay for itself in less than a year. - Sean Harapko, principal, Ernst & Young LLP

April 7, 2017

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These Four Risk Mitigation Methods Can Improve the Bottom Line

Analyst Insight: There are a few risk-mitigation methods that can improve the bottom line, and they have been around for some time. They are Product Portfolio Management (PPM), Customer Value Management (CVM), Total-Cost-to-Serve (TCS) and Gross Margin Return on Inventory Investment (GMROII). - Gregory Schlegel, executive-in-residence, Center for Supply Chain Research, Lehigh University

April 6, 2017

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