In the wake of COVID-19 and widening geopolitical risks, companies around the world are aiming for supply chain agility, resilience, and efficiency, but how can they achieve these? In this blog post, you’ll learn about current supply chain risks, what constitutes an agile and resilient supply chain, and how to achieve that through digital transformation.
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When two companies join together in a merger, or one company takes over another company in an acquisition, there are many elements that need to be considered. One of the most important is the supply chain of the two companies. For supply chain synergy in mergers and acquisitions to be created, management from all departments must work with supply chain managers to develop a new supply chain that will add the most value to the business.
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S&OP aligns supply chain operations with consumer demand. Although it can be highly beneficial, its implementation is not mandatory for all businesses. Companies with complex supply chains and unpredictable demand may benefit greatly, but smaller businesses could start by focusing on digitizing supply chains and leveraging optimization and simulation tools.
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Governments have been trying to come up with a solution to climate change and increasing greenhouse gas emissions for years. However, their success has been limited. So, it is time for businesses and individuals to take the reins, and one way to do that is through implementing green practices in supply chain management.
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Successful supply chain management is impossible without proper planning. However, the latter is not as easy as it sounds. In this blog post, you are going to learn about various supply chain planning levels (strategic, tactical, and operational) and dive deeper into strategic planning done with modeling.
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anyLogistix is used not only for business challenges but for academic purposes as well. Two students, Kunsh Puranik and Jiwon Suh, won first place along with a $3,000 scholarship prize using anyLogistix at The 2022 Supply Chain Sustainability Hackathon.
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Holding inventory is important as it allows organizations to operate continuously. However, having too much inventory could affect your business’s cash flow and hinder growth as the money tied up in excessive inventory can’t be invested in other areas.
Take a closer look at the inventory planning process in supply chain management and learn how technologies like simulation can help make the most of it.
As increased commodity and energy prices are fueling inflation and the geopolitical shift has caused supply disruptions, supply chain managers must plan for volatility and uncertainty. Integrating cost optimization into supply chain operations helps determine the optimal combination of cost, resilience, and quality that best contributes to business growth. From this blog post, learn what supply chain cost optimization is and how to make it work in 2022.
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Volatile supply and demand make it necessary to keep certain inventory levels to satisfy customers. Therefore, increasing a supply chain inventory level will increase customer service and revenue, but it comes at a cost. To reduce the inventory level and the costs associated with them across the entire supply chain, managers use multi-echelon inventory optimization.
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The specific requirements of cold chain logistics in pharma became a global concern during the COVID-19 pandemic. Vaccines needed rapid worldwide distribution at an unprecedented scale. Simulation modeling played a key role in successfully meeting the challenge.
This article shows how the consultancy company Skkip created an appropriate cold chain solution and benefitted from using anyLogistix software in their work.
