Opposite Day: How Organizations Should Approach Data & Analytics to Find Answers

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THE PROBLEM

Most organizations are still trying to wrap their heads around how they can use data and what kind of business results analytics can drive. Today is Opposite Day. In honor of this special day, I would like to provide you with a few tips on how organizations should approach data and analytics to find answers that help drive business outcomes. Many organizations have been approaching analytics wrong, and it has hindered the potential of what it can do for an organization.  

Port of Houston: Do You Know Its Value to Global Supply Chains?

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Many of us never consider where the items we purchase everyday come from and the journey those items make to get to us. Everyday shipments of everything from petroleum and consumer goods to steel and automobiles come through U.S. ports from all over the world. Shipping goods by sea tends to be significantly cheaper than flying cargo and there is more flexibility regarding shipping regulations for organizations.  More than ever before, organizations realize that sea freight is indispensable to the U.S. economy and ports connect American manufacturers to the global marketplace.

APQC's New Voice of Supply Chain

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APQC has a new supply chain management research principal lead, Joe Tillman, and I had the pleasure of recently speaking with him. In his new role, Joe will be the voice for supply chain research, benchmarking, and process improvement.

How to Prevent a Supply Chain Fire

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Supply Chain Managers are often faced with several issues that they must deal with to ensure a healthy supply chain and minimize the number of fires that arise and the number that have to be put out. Yesterday, September 9th was Fire Prevention Day. In honor of this special day, I would like to discuss how organizations can go about preventing a supply chain fire. If an unexpected spark happens in your supply chain, are you prepared to prevent a fire from starting?

How to Slay Your Supply Chain Monster

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Is your organization strategizing the best way to slay your supply chain monster? Your monster may be figuring out your processes, or it could be benchmarking your processes (these are the two I hear most often from organizations).

Oil and Gas Crisis Requires Effective Collaboration for Supply Chain Transformation

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The topic that is on most people’s minds in the oil and gas industry is the fact that crude oil went from $120 a barrel to under $50 a barrel. The drop in gas prices may have some excited when they go to fill up their cars at the gas tank, but has many concerned about what the industry’s future looks like.

Internet of Things (IoT) Changing the Game in Supply Chain

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The evolving “Internet of Things” (IoT) is bringing about a new level of interconnectivity among devices, people, and organizations. The acceleration of IT interconnectivity in the supply chain function also creates potential risks if organizations do not ensure that they are making the right investments and have a plan of what they hope to get out of their IoT investments. The physical supply chain and the infrastructure that supports it (from manufacturing to delivery) are rarely designed with point-to-point IT risk management in mind.

Best Practices for Fueling Supply Chain Efficiency

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APQC recently spoke with Alaster Love, Vice President of Oil and Gas for Transplace, about best practices for fueling supply chain efficiency. Love has been in his role for two years and is responsible for all of Transplace’s commercial efforts.