Lecture 11

OR-Notes are a series of Several sophisticated analytical tools and optimization software solutions exist in the marketplace and academic journals to help organizations meet this objective. However, this research submits that each department lives in its own Departmental Thought World (DTW) and views reality differently, and accordingly the managers input biased data into tools/models, thereby rendering the tools useless Read more on this link

The collaborative nature of supply chains has exposed firms to a variety of security risks. With information technology (IT) as the cornerstone to integration, this exposure can be passed throughout all levels of business. Unfortunately, the role one plays in the supply chain may affect an internalized view of their firm’s current security position, both in terms of what is being done and what should be done to limit risk exposure. This link provides an initial investigation of the nature and perception of information security risk in supply chains and the managerial implications and limitations of current IT security practices.
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On October 18th, 2022, Sonatype published the 8th Annual State of the Software Supply Chain. The report is our ongoing contribution to a growing body of knowledge and software development using third-party open source software. One of the report’s primary authors and VP of Product Innovation Dr. Stephen Magill presented a talk summarizing the report with additional context, background, and data.
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There are a bunch of folks who perceive NetApp® as a NAS hardware vendor. When NetApp started out (30 years ago this year) that misperception might have been understandable. Fast forward a few decades and that old perception still persists. The reality is that NetApp is a cloud-led data-centric software company. Read more on the link

According to insights from Gartner, bringing digital transformation into the supply chain can lead to a 20% increase in revenue and a 50% reduction in process costs. Read more on the link

The cost of not digitizing is steep — on average, the yearly cost of manually entering data into ERP and back-end systems is more than $1 million, and the average annual cost of manually entering invoices from suppliers is more than $600,000.Read more on the link

Let’s make some bold 2023 predictions. “Logistics will take a huge step change through better connectivity, advanced analytics, additive manufacturing, and advanced automation” and future supply chains “will be faster, more flexible, more granular, more accurate and more efficient.” The keywords underpinning it all: “automate anything, analyze everything”. Read more on the link

A digital supply chain, offers significantly more visibility throughout the process. The integration and application of advanced digital technologies allows customers and stakeholders to monitor supply chain operations — from procurement data and inventory management, to distribution and transportation. Read more on the link

The face of logistics has changed over the last three decades. Order fulfillment has transformed from a purely operational function concerning inventory stocking and package delivery into a sole industry that delves into advanced inventory planning, customer behavior and satisfaction, and sales and marketing integration. Read more on the link

Different service level metrics suit different circumstances. For instance, OTIF might be the favoured measure for customer service, but as OTIF is dependent on transportation as well as stock availability, it is not ideal for measuring inventory performance. Or, to take another example, ready rate is a good measure for spare parts..Read more on the link

For many years, inventory-holding businesses have used stock days in their inventory management calculations, to work out if they’ve got the right amount of stock to fulfill orders. In this blog post we’re going to explain why this methodology is unsuitable for today’s trading environment and introduce service levels as a more effective way to manage your inventory. Read more on the link

Service levels measure the number of people that a business has on hand to interact with customers and sell them products when they come into a store. Inventory levels measure the amount of supplies or the number of products that a business has on hand to actually sell to customers. Both of these are determined in part by the demand in a market as businesses attempt to anticipate and match what the needs and wants of their consumers will be. Read more on the link

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