Have Supply Chains Learned the Lessons of the Bullwhip Effect?

There’s a classic scene in “Jurassic Park” where Jeff Goldblum’s character discusses chaos theory with the paleobotanist played by Laura Dern, and he uses a quick water drop experiment to explain the consequences of unpredictability in complex systems. You’ve no doubt heard of what’s kind of the supply chain’s version of this phenomenon: “The Bullwhip …
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4 Thoughts on Maximizing ROI of Supply Chain Analytics

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What does analytics mean?  To you, that is.  According to Google Trends, the popularity of “analytics” as a topic peaked sometime between December 2011 and April 2012.   Is “analytics” just a buzzword for business reporting?  Or, perhaps, we’ve forgotten the purpose of analytics: to make informed decisions faster and more accurately. In April 2022, Profit …
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Manufacturing Scheduling Software: From AspenTech MIMI to AspenTech SCM and Beyond

Manufacturing scheduling software
Times are changing – and so are supply chains and the manufacturing scheduling software that helps keep them humming. Manufacturers, warehouses, retailers, distribution centers, and transportation providers are re-examining the way they approach business. The challenge is clear: to combat supply chain disruptions, implement new omnichannel fulfillment strategies, and help expand new markets and emerging …
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FOUR OVERLOOKED OPPORTUNITIES IN SUPPLY CHAIN NETWORK DESIGN

By applying our unique “process of understanding”, Profit Point has used many Supply Chain Network Design (SCND) software tools to deliver exceptional value in strategic and tactical network planning.  Our methods extend beyond the simple use of technology to model and design complex supply chains.  In this article, we examine four of the most overlooked …
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Production Capacity Plan Refresh: Be Prepared for the Next Big Disruption

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The Covid-19 pandemic outbreak placed many corporate sectors under unprecedented pressure.  Global supply chains were heavily impacted with the sudden disruption of their operations and workers staying off-premise. Supply chain planners, more than ever, are now searching for ways to leverage their people, processes, and modern technologies to reduce disruptions caused by unexpected supply and demand …
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Supply Chain Trends: Our 2021 Recap and 2022 Predictions

What we hoped would be a short-term disruption in 2020 has become the new long-term reality. The world we live in is far less predictable. Supply chains are under pressure. As we have seen, disruptions can happen anywhere in our supply chains due to port congestion, warehouse staff shortages, weather-related shutdowns, or raw material uncertainty. …
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