Working Capital Management: Two Challenges and How to Address Them

Working Capital seems easy enough to understand. Divide a company’s current assets by its current liabilities and you get a ratio that helps you determine how easily a company could cover its short term debt. This is generally referred to as how liquid a company is. However, this doesn’t always paint a clear picture.

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The Ten Must-Read Supply Chain Blogs of 2017

The first month of the New Year has come and gone. Since everyone chooses to do their “best of” lists in January — causing us all to be a bit slammed with “bests” — we instead decided to share our must-read supply chain blogs of 2016 a little later. These are the blogs that every organization and career professional should be reading if they’re looking stay ahead of the game this year.

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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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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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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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Using Prescriptive Analytics to Decrease Supply Chain Disruptions

An article by Nari Viswanathan, Vice President of Product Management for River Logic, was recently featured on Supply Chain Management Review. In this article, Nari discusses the fact that Supply Chain in particular has been slow to adopt advanced analytics capabilities, mainly due to their apprehensiveness around replacing existing systems. However, Nari makes the argument that, given recent advancements in technology, data and more, it's now easier than ever for Supply Chain leaders to embrace the change that their companies are so greatly need.  Below is a blurb from Nari's article. The full article can be accessed on Supply Chain Management Review.

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River Logic Noted as Major Innovator in the European Supply Chain Software

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