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Innovations That Drive Supply Chains

In its first annual industry report, MHI and Deloitte share what executives think about emerging innovations that could dramatically affect tomorrow’s supply chains, and the barriers to adoption.

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This is an excerpt of the original article. It was written for the May-June 2014 edition of Supply Chain Management Review. The full article is available to current subscribers.

May-June 2014

Getting the most from Sales and Operations Planning is a combination of people, processes, and technology. The Red Wing Shoe Company details the steps it took to improve S&OP processes, slash its S&OP planning efforts by 50 percent, and align manufacturing with sales—all while growing its business.
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Supply chain executives understand the need to capitalize on powerful new technologies and business innovations that can help address and manage the increasing complexity of today’s global supply chains. In the past, companies tackled supply chain challenges primarily by focusing on internal cost reduction and improved operational efficiency. However, those traditional approaches are losing their effectiveness as supply chains become longer and more intricate, with more inter-connecting links, higher stakeholder expectations, and more sources of risk. This increasing complexity is forcing companies to rethink their approach to supply chain improvement.

In late 2013, MHI and Deloitte conducted their first MHI Annual Industry Report survey. The topic of this survey was “Innovations that Drive Supply Chains.” The goal was to provide an up-to-date perspective on emerging supply chain trends. The survey included more than 450 respondents from large and small companies across a wide range of sectors, including: retail and wholesale, consumer packaged goods, automotive, consulting, life sciences and healthcare, transportation and warehousing, materials handling and supply chain equipment and related services. The vast majority of respondents were senior executives, with more than half being C-level executives, managing directors, senior vice presidents, vice presidents, or directors.

According to our survey, the top two strategic priorities for supply chain executives are supply chain analytics and multi-channel fulfillment.

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From the May-June 2014 edition of Supply Chain Management Review.

May-June 2014

Getting the most from Sales and Operations Planning is a combination of people, processes, and technology. The Red Wing Shoe Company details the steps it took to improve S&OP processes, slash its S&OP planning…
Browse this issue archive.
Access your online digital edition.
Download a PDF file of the May-June 2014 issue.

Download Article PDF

Supply chain executives understand the need to capitalize on powerful new technologies and business innovations that can help address and manage the increasing complexity of today’s global supply chains. In the past, companies tackled supply chain challenges primarily by focusing on internal cost reduction and improved operational efficiency. However, those traditional approaches are losing their effectiveness as supply chains become longer and more intricate, with more inter-connecting links, higher stakeholder expectations, and more sources of risk. This increasing complexity is forcing companies to rethink their approach to supply chain improvement.

In late 2013, MHI and Deloitte conducted their first MHI Annual Industry Report survey. The topic of this survey was “Innovations that Drive Supply Chains.” The goal was to provide an up-to-date perspective on emerging supply chain trends. The survey included more than 450 respondents from large and small companies across a wide range of sectors, including: retail and wholesale, consumer packaged goods, automotive, consulting, life sciences and healthcare, transportation and warehousing, materials handling and supply chain equipment and related services. The vast majority of respondents were senior executives, with more than half being C-level executives, managing directors, senior vice presidents, vice presidents, or directors.

According to our survey, the top two strategic priorities for supply chain executives are supply chain analytics and multi-channel fulfillment.

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About the Author

Sarah Petrie, Executive Managing Editor, Peerless Media
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I am the executive managing editor of two business-to-business magazines. I run the day-to-day activities of the magazines and their Websites. I am responsible for schedules, editing, and production of those books. I also assist in the editing and copy editing responsibilities of a third magazine and handle the editing and production of custom publishing projects. Additionally, I have past experience in university-level teaching and marketing writing.

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