What's your definition of supply chain?

From time to time I'm reading through the mails I get from my LinkedIn discussion group "Supply Chain Management Group".
I stumbled over a question, which made me very curious:

What is your two word definition of supply chain?

For your convenience I list some of the answers here:
- absolute certainty
- real-time communication
- demand matching
- customer satisfaction
- managed predictability
- risk management
- optimized flow
- value add
- realistic commitments
- etc.

I tend to add two more answers from my side
- realtime monitoring
- arviem services

Realtime cargo monitoring does not solve all these ideas 100% itself. But realtime cargo monitoring could contribute substantially.
Or to quote one of our clients: This is a no-brainer!

Read about the mentioned discussion on LinkedIn yourself: LinkedIn discussion

Comments

Networked Supply Chains Require Better Visibility

As manufactures and retailers increasingly depend on extended rosters of sourcing companies, the resulting networked supply chain requires improved visibility. Importers are using multiple sourcing vendors to improve their ability to respond to market demand and opportunities. With this increased sourcing agility comes the increased risk of delivery failure due to a supply chain disruption and, concurrently, the increased importance of visibility into each step of the supply chain. The ability to in real time identify the location and status of the sourced goods gives the importer the ability to fine tune its distribution channels, its inventory management and its ability to fulfill commitments to its end users. The ability to real time monitor the status of goods requires a combination of container based technology, back-end business applications and an extended network of logistics fulfillment partners. In response to this emerging demand, many companies are offering RFID, GSM and si...

Advanced Analytics and Automation Transform Supply Chains

Introduction Supply chains are the lifeblood of any business, serving as the vital link between suppliers, manufacturers, and end consumers. While they are essential for the smooth operation of a company, supply chains come with inherent risks that, if not managed effectively, can have far-reaching consequences. This newsletter will explore how analytics can revolutionize supply chain management, mitigating risks and enhancing operational efficiency. Harnessing the Power of Predictive and Prescriptive Analytics Predictive analytics is the key to foreseeing future events, such as equipment failures or the precise amount of inventory needed based on sales forecasts. Conversely, prescriptive analytics provides actionable insights, guiding businesses in making informed decisions. For instance, it can determine the optimal mix of in-house production versus outsourcing, factoring in cost and quality control considerations. Recent advancements in machine learning have fueled the rise of...

Traceability: Meet your food before your first bite!

Traceability is a digital solution that enables companies to effectively track their products from origin to consumer by utilizing digital markers for identification. Various traceability solutions exist, including Digital Traceability, Laboratory Traceability, and Mapping Traceability. With the growth of the market for high-quality food products, the importance of traceability and origin verification has increased significantly. These measures are crucial in protecting brands and ensuring ongoing consumer satisfaction. 58% of consumers are willing to pay a premium if it supports local farmers. In food production, consumers have a strong desire to have complete visibility into their food's origin and production methods. Research conducted by Label Insight revealed that 81% of consumers actively seek more information about where their food is grown or raised before purchasing. Moreover, 58% are willing to pay a premium if it supports local farmers, while 57% will only buy items ce...

Global Cargo Monitoring / Cargo Tracking / Supply Chain Intelligence

Search This Blog