By Andrew K. Reese and Stacey Meacham
100 ways to help your company return to growth and profit in the “New Normal”
During the past two years, many supply chain organizations have gone to extraordinary lengths to help their enterprises weather the economic storm. Now, however, the economy has tilted – at least tentatively, into positive territory, and supply chain executives must orient themselves to supporting growth in the post-recessionary environment.
For some, that will mean a “back to basics” approach that continues to focus on reducing costs, while others will look “beyond the basics” and focus on helping the business realize new opportunities for growth. Either way, supply chain excellence will continue to be a key differentiator for companies looking to be market leaders. And supply chain executives will continue to seek out the roots of excellence as they lead their organizations into the “New Normal.”
For that reason, this year’s “Supply & Demand Chain Executive 100” feature focuses on how supply chain solution and service providers are assisting their customers and clients achieve supply chain excellence and prepare their supply chains for the post-recessionary return to growth. In this year’s article, we turn to the Supply & Demand Chain Executive 100 for not only “lessons from the Great Recession” but also for insights into the range of tools, tactics and strategies that supply chain executives can leverage today to achieve supply chain excellence now and ensure growth and profitability tomorrow.
» Order/Demand Management
» Logistics/Warehouse Management
» Payment & Supply Chain Finance
» Product Lifecycle Management
» Supply Chain Integration & Infrastructure/ERP
» Decision Support/Business Intelligence/Consulting/Education/Quality
Kinaxis (Ottawa) – Supply chain excellence is rooted in finding a way to maintain superior customer service while reducing the associated inventory risks. Becoming increasingly sensitive to the actual day-to-day state of the supply chain, coupled with a dramatic increase in the organization’s ability to respond appropriately and consistently to change are becoming the new competitive advantages.
Avercast LLC (Ririe, ID) – Supply chain excellence begins at the forecast and come up through the company so that every member of every department will have a common goal.
Axxom Software AG (Munich, Germany) – Running multiple what-if scenarios is great in a network optimization exercise but also to prepare for periods of change or volatility.
Demand Solutions (St. Louis) – Leverage tools that can incorporate more recent sales history, as opposed to forecasting systems driven by simple purely mathematical formulas.
E2open (Foster City, CA) – Strategic planning needs to occur more often and have the benefit of current demand-supply information gathered in hours.
John Galt Solutions (Chicago) – Use solutions that can increase visibility across all parties involved in the forecasting process, and also scale with rapid business growth.
Logility, Inc. (Atlanta) – Learn to trust what your forecast systems are telling you as you’re navigating through a period of volatility.
Plan4Demand Solutions (Pittsburgh) – Use the S&OP process to review overall supply chain plan through a financial lens to ensure all groups are targeting the same corporate goal.
Smart Software, inc. (Belmont, MA) – For demand planning functions hit by layoffs, look for solutions that enable planners to perform large-scale forecasting jobs more efficiently, saving time and rapidly producing accurate forecasts.