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Biggest Supply Chain Challenges Chemical Manufacturers Face – Part 2

Posted by Harriet Schneider on Feb 25, 2020 8:00:00 AM

In part one of this post we explored how to manage supply chain complexities and unpredictability. In this second part, we’ll help ensure chemical manufacturers don’t fall into a pattern of bad planning and skillfully anticipate seasonality.

To operate at its peak an enterprise needs to face and recognize the top trends that are reshaping manufacturing. Understanding these trends is the first step toward initiating a digital transformation. You can then take the additional steps designed to solve your business’ current problems, start showing value immediately, and help evolve a stronger business strategy.

Supplier seasonality and promotions

Thankfully, not everything about supply and demand is unpredictable—materials in the supply chain in various parts of the world follow their own, reasonably predictable seasonal patterns. For instance, cotton prices from India (the largest producer of cotton in the world, according to Statista) plunge when the harvesting begins in November, and stay low though when harvesting ends in March of the following year. This, obviously, has a significant impact on the fiber-garment industry.

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Topics: Manufacturing, Chemical, Supply Chain, CloudSuite

Supply Chain Management: What’s Next For Food And Beverage — Part 2

Posted by Harriet Schneider on Feb 18, 2020 8:00:00 AM

In part one of this post we discussed the smartest ways to gain global visibility and respond to volatility in a food and beverage supply chain. And here in part two we will cover how to embrace the best technology. Addressing these key challenges can have a profound and positive impact on your entire supply chain—from procurement to manufacturing to delivery.

Embrace the best technology

When you're looking at building a better foundation to address the challenges you may be facing within your overall organization, there's a number of solutions to consider. These aren't necessarily always the options that fall into what you’d expect to be a supply chain solution, but they all overlap within your overall supply chain and will help drive effectiveness and efficiency.

The first example is formula management. Many companies want to ascertain that it’s creating the right products for the right country as there may be limitations from a global perspective of where you can sell a product. Trying to manage this manually is challenging. Being able to respond to inquiries from customers and prospects around the globe requires quite a robust formula management solution.

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Topics: Manufacturing, Food & Beverage, Supply Chain, CloudSuite Food & Beverage, CloudSuite

Supply Chain Management: What’s Next For Food And Beverage — Part 1

Posted by Harriet Schneider on Jan 30, 2020 8:00:00 AM

Food and beverage companies have long struggled with the unique requirements of shelf life management, complexities of batch scheduling, traceability, and many other factors. In addition, uncertainties around tariffs, sustainability initiatives, and growing regulations are some of a multitude of dynamics that will surely add even more complexity to the mix. Many of these issues and trends can have profound impact on your entire supply chain—from procurement to manufacturing to delivery.

In a recent Infor-sponsored webinar, Mike Edgett and Christine Barnhardt discussed a number of challenges as it relates to supply chain complexities in the food and beverage industry. In the webinar, we segmented the challenges into three buckets; gain global visibility, predict and respond to volatility, and embrace the best technology.

In part one of this blog post we’ll briefly go through the first two categories and part two will cover how to harness the finest technology. Click to watch the on-demand webinar for a deeper dive.

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Topics: Manufacturing, Food & Beverage, Supply Chain, CloudSuite Food & Beverage, CloudSuite

Biggest Supply Chain Challenges Chemical Manufacturers Face – Part 1

Posted by Harriet Schneider on Jan 28, 2020 8:00:00 AM

To stay competitive in today’s chemical industry, manufacturers must sustain a high level of operational productivity. Moreover, current issues like rapid commoditization, complex supply chains, aging assets, and increased need for dynamic operations planning make it more demanding than ever before to achieve the level of productivity that drives differentiation and innovation. Manufacturers often become locked into patterns where they’re implementing shortsighted cost-cutting measures that can adversely affect operational productivity and decrease overall market responsiveness.

To ensure you don’t fall into these traps, it’s vital that you not only understand the industrial challenges you face, but also recognize the top trends that are reshaping manufacturing. Gaining this knowledge is the first step toward building a foundation of digital transformation.

This blog post is a helpful summary of the top challenges a supply chain faces today. If you’d like to learn more about how to turn these obstacles into opportunities, please read Infor's recent executive brief for an even deeper dive into the topic.

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Topics: Manufacturing, Chemical, Supply Chain, CloudSuite

7 Supply Chain Predictions: Looking Ahead With 2020 Vision

Posted by Harriet Schneider on Dec 19, 2019 8:00:00 AM

The year 2020 approaches with promise amidst a backdrop of innovation and transformation occurring at a speed never witnessed before. We’re experiencing a digital revolution that is changing the way we live, work and interact with one another. The power of information is just beginning to blossom as more of our decisions are based on data and use cases for artificial intelligence are delivering significant value. Meanwhile, global movements to protect the planet and operate responsibly continue to grow in importance. And an undercurrent of de-globalization continues to change the way countries and companies interact with each other.

Here’s a look at some of the emerging trends and themes you can expect to take shape in 2020. 

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Topics: Digital Transformation, Supply Chain, Supply Chain Network, Technology, Sustainability

3 Ways To Create Value Through A Digital Supply Chain Network

Posted by Harriet Schneider on Dec 5, 2019 8:00:00 AM

For the longest time, procurement and supply management teams have focused on cost-savings and providing accurate supply for their businesses. More specifically, their value was primarily limited to efficiency (the minimization of cost for procurement services) and effectiveness (the maximization of business value). In recent years, there is an increased focus beyond price reduction, with concentration towards contribution to total cost of ownership (TCO), and the management of overall value and demand.

Today, it’s about the value experience: the optimization of procurement relationships, engagement and collaboration for employees, customers and suppliers. In doing so, start to consider ways procurement and supply management teams provide value to the rest of the organization, outside of cost cutting.

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Topics: Supply Chain, Supply Chain Network

Podcast: DOM Is The Heartbeat Of Your Network

Posted by Harriet Schneider on Oct 8, 2019 8:00:00 AM

This podcast will look at the future of how order management will evolve from simply executing orders to truly optimizing how to best serve your customer. Listen as Guy Courtin and Tim Nelson discuss what to anticipate with the evolution of order management: next generation optimization rather than simply execution of orders. The cost to serve a customer will become more important than simply the cost to fulfill.

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Topics: Fashion & Retail, Retail, Supply Chain, CloudSuite Retail

Podcast: Manufacturing And The Multi-Enterprise Supply Chain Network

Posted by Harriet Schneider on Oct 1, 2019 11:41:11 AM

In this podcast, Infor’s Guy Courtin and Christine Barnhart discuss how manufacturers are adopting learnings from B2C supply chains to be more responsive to end customer needs. From AI and machine learning to greater digitization of the supply chain, modern manufacturers must become more nimble and responsive—creating a true multi-enterprise network to meet their customers’ needs.

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Topics: Manufacturing, Supply Chain, Fashion & Apparel, Industrial Manufacturing, Fashion

The Evolution Of Product Lifecycle Management

Posted by Harriet Schneider on Jul 3, 2019 8:00:00 AM

The process of managing a product’s lifecycle has come a long way since the days of Excel spreadsheets. Or has it? In this episode of Supply Chain Radio, Stan Pryzbylinski, vice president of research at CIMdata joins Matt Gunn and Jenny Reese to discuss how PLM software has evolved in the world of manufacturing.

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Topics: Supply Chain, Supply Chain Visibility, Supply Chain Agility

A Game Plan For Digital Transformation In Equipment And Rental Firms

Posted by Harriet Schneider on Apr 16, 2019 8:00:00 AM

Meeting customer expectations is harder than ever today. The bar has been raised. Many leaders in the equipment and rental business recognize that technology can help, but don’t necessarily know how to get started—so they don’t. In this paper, we break down the process into an easy-to-follow, step-by-step guide to help you integrate technology into every aspect of your dealership or rental firm. We can’t tell you what your strategy should be, but we can give you a game plan to help you get ready for the new digital economy you’re competing in.

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Topics: Digital Transformation, Rentals & Equipment, Supply Chain

About ICCG

Welcome to our Blog - ICCG Insights!

Embracing thought leadership as a pathway for growth, represents the true spirit of progressive change that will make a difference in technology-driven industries. As a consulting company, ICCG customers look to us as their value-added resource. They expect us to be proactive about solving their immediate challenges and we don’t take that responsibility lightly. It is this that drives us to share our best practices, knowledge-base, years of experience, and tried and true methodologies. These have been the hallmarks of our corporate brand.

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