Supply Chain
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Study Identifies Best Practices for Supply Chain Transparency

“Consumers want to know where a product came from, all the way to the cashmere goat herd on the slopes of the Himalayas,” Mike Burnette, director of the Global Supply Chain Institute and a co-author of the study said. “A lack of ability to provide that kind of information in the face of safety or environmental violations can create a negative perception of the brand that may require immediate remediation and could take a brand years to recover from, if at all.”


Via EcoVadis
HaydenK's insight:

8. Transparency is important because it allows you to have visibility to all the activities taking place so it helps you better manage them and ultimately avoid troublesome situations.

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EcoVadis's curator insight, February 14, 3:20 AM

A new study outlines the best practices for leveraging transparency in supply chains for financial profit.

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Introduction to Supply Chain

Introduction to Supply Chain | Supply Chain | Scoop.it

Look no further...

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Supply chain is an important aspect of businesses as it provides the services and transportation of the products from producer to manufacturer to warehouse to retailer to consumer.  Dive into the world that is supply chain below to learn more. 

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Rescooped by HaydenK from Supply Chain Management @ UC
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Samsung and Panasonic accused over supply chain labour abuses in Malaysia

Samsung and Panasonic accused over supply chain labour abuses in Malaysia | Supply Chain | Scoop.it
A Guardian investigation reveals that migrant workers assembling goods for the electronics brands claim they are being subjected to exploitation and abuse

Via Luís Miguel D. F. Ferreira
HaydenK's insight:

2. Not all companies have proper and ethical business practices, especially when you get into some big box companies as they try to cut costs wherever possible to make bottom line and a profit.  In this case, Samsung and Panasonic are under fire for their suppliers conducting very poor labour conditions and low paying jobs, all while treating their employees with little to no respect.  

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4 Steps to End-to-End Supply Chain Success - Kinaxis

4 Steps to End-to-End Supply Chain Success - Kinaxis | Supply Chain | Scoop.it
If you can’t satisfy a customer, he can easily buy from someone else who can deliver. Here’s the 4 steps to end-to-end supply chain success.

Via Luís Miguel D. F. Ferreira
HaydenK's insight:

4. Customer satisfaction is the most important aspect in business and more importantly supply chain, since this is how the products and services get to the consumers.  Having the right people and proper communication throughout each of the stages of the supply chain will lead to a successful supply chain.

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All 17 Key Metrics For Supply Chain Management that you ever need

Supply Chain Management (SCM) requires management of complex dependencies between teams, departments and partner companies across international boundaries.Metrics, KPIs

Via Luís Miguel D. F. Ferreira
HaydenK's insight:

5. Here it explains that there is not just one way to be successful in the supply chain, you have to have multiple working parts to make the machine operate. 

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5 Supply Chain And Digital Economy Myths Debunked

5 Supply Chain And Digital Economy Myths Debunked | Supply Chain | Scoop.it
Don't let misconceptions hinder your digital transformation journey; it's the only tried-and-true way to survive and thrive in today’s dynamic new environment.
Via Riaz Khan
HaydenK's insight:

7. In this ever changing digital world, companies cannot afford to sit on their existent supply chains since technology is ever changing and to keep up with the market, companies must adapt and change their systems to suit this. 

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Study Identifies Best Practices for Supply Chain Transparency

“Consumers want to know where a product came from, all the way to the cashmere goat herd on the slopes of the Himalayas,” Mike Burnette, director of the Global Supply Chain Institute and a co-author of the study said. “A lack of ability to provide that kind of information in the face of safety or environmental violations can create a negative perception of the brand that may require immediate remediation and could take a brand years to recover from, if at all.”


Via EcoVadis
HaydenK's insight:

8. Transparency is important because it allows you to have visibility to all the activities taking place so it helps you better manage them and ultimately avoid troublesome situations.

more...
EcoVadis's curator insight, February 14, 3:20 AM

A new study outlines the best practices for leveraging transparency in supply chains for financial profit.

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The Analytics Supply Chain

The Analytics Supply Chain | Supply Chain | Scoop.it
Advanced analytics for marketing offers, credit decisions, pricing decisions, or a multitude of other areas could benefit from the analytics supply chain metaphor.

Via David Green
HaydenK's insight:

1. Ultimately, the flow of goods or services begin with the producers, moves to the manufacturers to the retailers and then to the consumers.  The consumers control the supply chain as they demand certain features and products and the companies cater to these needs. 

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Donald Trump And The "Made In America" Supply Chain

Donald Trump And The "Made In America" Supply Chain | Supply Chain | Scoop.it
Supply chain executives at companies with global supply chains are paying close attention to what happens surrounding import tariffs and trade rules now that Donald Trump is the President elect.  On the campaign trail Trump promised to renegotiate the North American Free Trade Agreement, threatening to impose punitive tariffs on goods imported from Mexico.  Similarly, Mr. Trump threatened to levy punitive duties on goods made in China. Carrier and Ford have already responded by promising to keep more production in the U.S.

Via EcoVadis
HaydenK's insight:

3. After the U.S. elections, many companies are paying very close attention to Donald Trump as he looks to renegotiate NAFTA which will greatly impact many companies and their supply chains.  In general, governments have a large influence over companies and their operations.

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EcoVadis's curator insight, December 6, 2016 5:11 AM

If you are a global manufacturer, how are you responding to this?

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Pork giant Smithfield skips middlemen in grain supply chain

Pork giant Smithfield skips middlemen in grain supply chain | Supply Chain | Scoop.it

Smithfield Food Inc [SFII.UL], the world's biggest pork producer, is buying grain elevators and purchasing grain directly from farmers, a move that hits grain handlers already reeling from multiyear lows in corn and soybean prices. 


 The Virginia-based company bought two Ohio grain elevators in September. For the first time, it can ship grain directly from Ohio to feed the pigs that Smithfield slaughters at its Tar Heel, North Carolina, packing plant - the world's largest, processing about 32,000 hogs daily. 


 Smithfield now buys 65 percent of its animal feed directly from farmers, up from the 10 percent of feed it directly bought in 2010. 


 The direct buying strategy aims to lower feed costs and could provide a model for other large meat companies that still largely rely on commercial grain handlers, such as Chicago-based Archer Daniels Midland Co. Grain can account for up to 60 percent of Smithfield’s costs. 


The company’s expenses in 2015 totaled $4.67 billion. In 2014, Smithfield canceled a grain handling contract with CHS Inc, the largest U.S. farmer-owned cooperative, which had previously supplied a Smithfield feed mill in Yuma, Colorado. 


Smithfield has canceled contracts with other smaller grain handlers since 2010. "They take the Walmart approach and go right to the source," said a CHS Inc employee who declined to be identified because he was not authorized to speak publicly.


Via Stéphane Bisaillon
HaydenK's insight:

6. In some cases, the creation or destruction of a company's supply chain could be either beneficial or disastrous.  For instance, Smithfield Food Inc. eliminated their middleman and purchased grain straight from the farmers leading to reduced costs and overall a simpler supply chain. 

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Reinventing the Supply Chain with the Internet of Things - Microsoft Cloud

Reinventing the Supply Chain with the Internet of Things - Microsoft Cloud | Supply Chain | Scoop.it
The IoT promises to give organizations more data from more intelligent devices and sensors up and down the supply chain. There are plenty of challenges to overcome.

Via Ricard Lloria
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9. Another example to illustrate the importance of technology and the use of supply chains are in this day and age.  Without these, companies would become obsolete and would not be able to compete.

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Digitalization Turns Supply Chains Inside Out – And This Is Just The Beginning

Digitalization Turns Supply Chains Inside Out – And This Is Just The Beginning | Supply Chain | Scoop.it
As organizations use digital platforms to create new business models, the supply value chain is getting reconfigured and realigned to unlock even greater value.
Via Riaz Khan
HaydenK's insight:

10. The digital world is affecting every company's supply chain as they have to learn how to adapt to these new technologies and processes. These processes have developed greatly due to technology, shifting from an assembly line type of manufacturing to more of a customer-based manufacturing with the help of information technology systems (IT).

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