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Three Ways The World Of Work Has Improved Due To The Pandemic

Posted by Harriet Schneider on Feb 25, 2021 9:30:00 AM

While it would be easy to reflect on 2020 as a disastrous dumpster fire of a year, the reality is that the pandemic has changed the workplace for the better. And many of these modifications are likely to be permanent. This is undoubtedly difficult to appreciate from our current vantagepoint, but by the end of 2021 we will likely witness the seeds sown during the crisis begin to bear sustainable fruit. In fact, you can already observe alterations that have had almost universal impact regardless of industry or geography.

Redefining workplace norms

The last 50 years of work have been defined by predictable patterns involving who is doing the work, where it occurs and when it happens. While these standards have been impacted by technological advancements, demographic shifts and emerging social norms, COVID-19 has accelerated the arrival of new ways of working. While most organizations initially resisted the inevitable reforms that accompanied the crisis, virtually all of them eventually accepted that work can be done anywhere, anytime and by almost anyone.

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Topics: ERP, Manufacturing, Food & Beverage, Distribution, Rentals & Equipment, Supply Chain, Fashion & Apparel, Infor M3 ERP, Enterprise Software, Retail Supply Chain, WMS, Supply Chain Management

Fostering Supply Chain Maturity Into Digitized Ecosystem In The Cloud

Posted by Harriet Schneider on Feb 23, 2021 9:30:00 AM

The evolution of supply chain business models has been accelerated by unprecedented disruptions. As a result, there has been a clear shift from analog supply chains models of the past into a trajectory towards a digitalized ecosystem. These new business models recognize and necessitate the move to a digital and integrated supply chain that provides visibility and ease of use for consumers.

This journey is about moving towards a world where all parties participating across your network are connected to a single version of the truth. Supply chain thinking is shifting from ‘linear supply chains’ to ‘supply chain eco-systems’ propelled and supported by digital technologies.

Gartner has established a five-stage model of the journey to supply chain maturity, ranging from manual, analog systems to a fully digitalized ecosystem. Key differentiators along this evolutionary chain include consideration of data and collaboration, with the ultimate goal of integrating data across multiple systems to achieve a fully connected ecosystem that provides transparency and visibility for your company both internally and externally.

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Topics: Manufacturing, Distribution, Supply Chain, Supply Chain Network, CloudSuite, Enterprise Software, Supply Chain Operations, Supply Chain Management

Four Keys To Establishing Intelligent Supply Chain Control

Posted by Harriet Schneider on Feb 18, 2021 12:05:07 PM

For supply chain professionals in your organization to receive the flexibility and agility they need to increase speed, drive down costs, and satisfy customers, there are four critical components your company must possess. These include real-time visibility, predictive insights, prescriptive decision support, and real-time collaborative execution, all of which can be achieved through the implementation of supply chain control tower.

Deploying a network model to achieve real-time, end-to-end visibility

Visibility is the foundation of every control tower capability, with all advanced decision making and responses within the execution window relying upon the quality and timeliness of visibility. Keeping order, shipment, and inventory status updated for all parties to see in real time is critical to success., but this often proves a core challenge for control towers, since highly dynamic supply chains can change at a rate of over 50 changes per second.

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Topics: ERP, Supply Chain, Supply Chain Visibility, Supply Chain Network, Fashion PLM, Infor M3 ERP, Enterprise Software, Supply Chain Operations, WMS, Supply Chain Management

Future-Proofing The Fashion Value Chain

Posted by Harriet Schneider on Feb 9, 2021 9:30:00 AM

The fashion industry thrives on innovation. It’s what the consumer wants from us—something new, not just clones or replacements for worn-out items. New product introductions are critical to business success, but only half of them achieve the profit objectives set before launch. To improve the ratio of hits to disappointments, it is essential to listen to the consumer and collaborate with the supply chain.

The consumer sets the bar for value and the supply chain determines whether you meet or miss it. The next decade will call for significant materials and process innovations at both the micro (product) and the macro (enterprise, supply chain, and industry) level. If shorter, more frequent product introduction cycles were the only challenge… but they’re not. At strategic planning levels, the industry must figure out how to convert to more sustainable ways of doing business, starting with raw materials and research and development and expanding product lifecycle management practices to include recycling. At the operational level, rethink the way you work internally and collaborate with supply chain partners to eliminate waste throughout the value chain. If a process doesn’t add value for the consumer, don’t do it. Optimize the entire value chain and focus it on value creation. Innovations arise at every stage, when all the partners can see the value chain as a whole.

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Topics: Fashion & Retail, Distribution, Supply Chain, Fashion & Apparel, Cloudsuite Fashion & Apparel, Infor CloudSuite PLM for Fashion, Enterprise Software, Supply Chain Management

Why Supply Chain Digitization Is No Longer Optional

Posted by Harriet Schneider on Feb 2, 2021 10:39:42 AM

In a data-driven world, navigating the challenges of today’s supply chains requires an unprecedented level of agility. This calls for supply chain tools that deliver network-wide trading partner connectivity to enable real-time visibility, demand and supply planning, and production scheduling insights.

Fortunately, modern tools deployed in an organization’s technology stack can digitally transform the supply chain, revealing new opportunities for innovation across the entire network.

At the same time, automation and advanced analytics delivered in a digital environment can synchronize production and distribution activities to match demand.

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Topics: Manufacturing, Distribution, Supply Chain, Warehouse Management Systems, Enterprise Software, WMS, Supply Chain Management

Supply Chain Finance Was A Lifeline For Many In 2020

Posted by Harriet Schneider on Jan 28, 2021 10:23:56 PM

B2B transaction data from the Infor Nexus network shows a major shift in supplier payment terms following the onset of COVID-19 in March of 2020. In the first three months of last year, the majority of payment terms were 30-45 days. In March, 66% of all orders were on terms less than 60 days.

By July, the buyer-supplier payment dynamic had completely flipped, with 65% of orders on terms greater than 60 days. This trend continued throughout the year with 60 day, 90 day, or even longer payment terms in place as buyers moved to preserve their own capital. As a result, many suppliers found themselves in need of a lifeline. For many buyers and suppliers, supply chain finance programs became that solution, removing risk and stress from supply chains by ensuring suppliers access to early payment.

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Topics: Manufacturing, Distribution, Supply Chain, Supply Chain Network, Enterprise Software, Supply Chain Operations, Supply Chain Management

The New Face Of Competition For Wholesale Distributors

Posted by Harriet Schneider on Jan 26, 2021 9:00:00 AM

The competitive landscape of the wholesale distribution industry is fiercer than ever before. With brand-new, internet-based distributors of all sizes seemingly popping up as quickly as mergers and acquisitions are building new distribution powerhouses, the competition just keeps getting more intense. Adding to the mix are an increasing number of manufacturing companies that are selling direct to retailers and offering online shopping options for consumers, bypassing distribution companies entirely. And let’s not forget the impact big box stores and e-tailers can have on the distribution channel as they leverage their purchasing power, large retail networks, and extensive B2C experience.

Of course, no discussion about distribution competition is complete without addressing the elephant in the room, Amazon® Business. With the ability to sell millions of SKUs with flexible shipping options at low price points, Amazon is setting a high bar for customer expectations. Amazon is very good at responding to how buyers buy today by offering a powerful customer experience that uses modern technologies, such as artificial intelligence (A.I.) and data science.

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Topics: Manufacturing, Distribution, Supply Chain, Warehouse Management Systems, Enterprise Software, WMS, Supply Chain Management

When Networks Bring People Together, Progress Happens

Posted by Harriet Schneider on Jan 19, 2021 8:00:00 AM

The International Finance Corporation (IFC), the World Bank’s private sector arm, set out to provide relief to businesses in emerging regions as the 2020 pandemic roiled global markets. Stephanie von Friedeburg, MD and COO of the IFC, looks back on the year in a recent podcast where she reflects the following:

“There's been a substantive hit on supply chains, trade shocks. And so our trade finance business, which has always been a core of our business, has grown very substantially. And we've seen it in the poorest countries in particular, where we know that we need to continue to keep trade flowing. So we've seen an increase in trade finance in that relief piece. We've also seen many of our existing clients needing working capital and needing liquidity, and we believe it was important for us when we typically don't do a lot of liquidity or working capital, but important for us to step in and help our existing clients to withstand the crisis, keep them solvent so that when we come out of the crisis, we can rebuild faster and better.”

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Topics: ERP, Manufacturing, Supply Chain, Supply Chain Network, Infor M3 ERP, Enterprise Software, Retail Supply Chain, Supply Chain Operations, WMS, Supply Chain Management

Five 2021 Technology Trends For The Food & Beverage Industry

Posted by Harriet Schneider on Jan 15, 2021 8:18:31 AM

Food and beverage companies faced a pivotal year in 2020 as the effects of the coronavirus pandemic forced businesses to reevaluate their supply chain and operations strategy. To combat the challenges of supply chain disruption, shifting consumer demand, and market uncertainty, many organizations have turned to technology to promote resiliency and galvanize their business processes for the year ahead.

Below are five technology trends that experts anticipate will gain popularity in the year ahead as manufacturers prioritize agility and resilience over reactivity.

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Topics: ERP, Food & Beverage, Supply Chain, Food Technology, CloudSuite Food & Beverage, Infor M3 ERP, Enterprise Software, WMS, Supply Chain Management

Bring Your Value Chain Closer To The Consumer

Posted by Harriet Schneider on Jan 12, 2021 8:00:00 AM

Design your value chain for omni-channel

Today, customers expect to shop, compare, purchase, and consume on their own terms—on their own schedule, through a variety of channels, and on a variety of devices. For fashion companies, that means operating in a customer-driven economy. Not only should your marketing campaigns drive customers to the omni-channel outlets that you monitor, but your value chain should be ready to support these efforts. The omni-channel experience must be seamless and consistent, inspiring your customers to make purchases whether they’re in a physical store or online. For your omni-channel management efforts and value chain to be in sync, you must move toward new business models that are far more collaborative, consumer driven, responsive, and quick. But how do you design a value chain so you can get closer to your customers and quickly deliver on their needs? And how do you get your value chain partners aligned to get the right products to where consumers want them—as quickly and efficiently as possible? This eBook will answer these questions and more.

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Topics: ERP, Fashion & Retail, Supply Chain, Fashion PLM, Cloudsuite Fashion & Apparel, Infor M3 ERP, Enterprise Software, WMS, Supply Chain Management

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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