Why Do Supply Chains Need an Effective Communication Plan?

Effective communication is a vital component to successful supply chain management, yet an alarming amount of businesses have no official communication plan in place to guide their employees. On top of this, supply chain managers are rarely trained in communications and end up taking a very laissez faire attitude towards the entire process.

To understand why this is a problem, stop and consider the effects of bad communication. The number one result is decreased efficiency through wasted time, money and resources. Other effects include decreased worker morale, public relation problems and missed opportunities for innovation, among other things.

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What is Traceability and What Does It Have to Do With Sustainability?

This is the second post in a series on supply chain sustainability. In the first post, “Why Is Supply Chain Sustainability Becoming a Crucial Part of Manufacturing?” the general concepts that constitute supply chain sustainability were discussed.

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Why Does the Environment Matter, and How Can a Business ‘Go Green’?

This post is the third in a series dealing with supply chain sustainability. The first post, “Why Is Supply Chain Sustainability Becoming a Crucial Part of Manufacturing?” highlighted the four pillars of sustainability. The second discussed the benefits of traceability to maintaining or developing a sustainable supply chain.

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The 3 Ways to Drive Business Outcomes With Data Analytics

Although the movie Field of Dreams makes for a great way to spend an evening, the lesson “if you build it, they will come” is about as far from “good advice” as you can get in the world of corporate decision-making. More and more, business leaders are realizing that simply building or purchasing a “big data” system does not automatically result in valuable, data-driven-business outcomes.

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3 Key Decision Making Technology Enablers at Organizations

Forward-looking decision making in a business environment has always been about making rapid trade-offs in a highly constrained environment based on the available data in an organization. In this blog we explore how it will evolve in the future as well as 3 key technology enablers that needs to be adopted.

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How Enterprise Optimizer is Used to Calculate Opportunity Values

The single most important differentiator for River Logic is its proprietary ability to calculate Opportunity Values™. This is essential in the new economic science, known as Integrated Business Planning (IBP). 

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How Predictive Analytics and Machine Learning Can Improve Your Planning and Decision Support Process

Are you up to date with how predictive analytics and machine learning could help your business?

There are an increasing number of use cases coming to light from small, forward-thinking and innovative businesses right through to large corporations. Wherever you sit on the scale, we’re certain there are ways your business can benefit from predictive analysis and machine learning.

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Why Simulation is a Must for Optimization-based Scenario Planning

In the age of Big Data, corporate leaders have more power at their disposal than ever before. Meanwhile, globalization has increased the number and quality of competitors fighting for the same customers. There is enormous pressure on planners to achieve economical, efficient strategies that increase return on investment with as little risk as possible. In the past, intuition was a planners’ tool of choice, but most today are tech savvy enough to have moved onto better techniques. With the sheer number of variables to consider, there are not enough hours in the day to cope with the resultant information overload.

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Optimize Supply and Demand Alignment Through Demand Shaping

An organization’s ability to align supply and demand is one of the most important measures on profitability. In a perfect world, demand would always meet the supply and supply would always meet the demand. Unfortunately, there are constant fluctuations in the demand and supply dynamics.

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Seven Decision-Making Capabilities to Drive Supply Chain Excellence

The topic of supply chain excellence is extremely broad and spans a smorgasbord of topics associated with People, Process and Technology. However, if we focus on key decision-making capabilities that can help companies achieve supply chain excellence, we come up with the following seven areas. By mastering these capabilities, a company is almost guaranteed to succeed in the industry. In fact, supply chain decision making capabilities can result in 2-5% of revenue in bottom-line profit.

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Supply Chain Brief