Supply chain automation can provide numerous benefits for businesses, including increased efficiency, cost savings, and improved customer satisfaction. However, before embarking on an automation project, it’s important that leaders consider three primary factors: Alignment with Business Strategy Technology & Integration Change Management & Workforce In this two-part blog series, we’ll examine how Profit Point helped …
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When you’re building a supply chain network design planning model, either operational or strategic, details matter. It’s critical to look at all aspects of your network when determining the key decisions to include in your model. One often overlooked option with a potentially significant upside is explicitly modeling significant production changeovers. With ever-changing market demands, …
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You don’t need a solution. You don’t even need the solution. What you need is your solution. At Profit Point, we’ve talked a lot lately about co-sourcing and the challenge of finding the supply chain tool that’s truly right for your needs. We’ve written about the keys to any successful supply chain improvement project, and …
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The menu of supply chain software tools available on the market today is head-spinning: Between the incredible range available and the constant race to develop faster, more sophisticated products, the challenge of choosing the best one has never been more difficult. But what exactly is the “best” supply chain tool? Is it the quickest? The …
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Every supply chain problem requires a unique solution: One size fits all simply isn’t a thing in this industry of countless complexities. That said, no matter the challenge, client, or prospective customer, we at Profit Point build everything we do on the same three keys to success in any supply chain improvement project: People, Process, …
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Like the drummer on a dragon boat, scheduling sets the pace of a manufacturing operation. It helps to keep all the participants churning in sync, driving production forward and unifying everyone’s individual efforts. Paddles hit the water in unison, a couple dozen arms dig deep, and off they go. So once upon a time, you …
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In 2022, the annual inflation rate for the U.S. was 6.5%: a bit lower than the previous year, but still hovering around 40-year highs. And if you’ve talked with anyone about the cost of a dozen eggs lately, it’s clear that single-digit inflation number doesn’t really reflect the higher cost of many basic commodities. Egg …
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Imagining an agile supply chain can be a little like trying to picture a nimble ocean freighter: In an environment where strategies and network changes are measured in years, the idea of responding quickly and effectively to changing conditions is difficult to envision. With the right team, tools, and expertise, though, Capacity Planning strategies …
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Raw material shortages and chaotic supply chains can wreak havoc on manufacturing schedules and have planners scrambling for solutions. But with the right visibility into processes, schedulers can better assess how effectively production time is used, detect potential conflicts, and identify bottlenecks and constraints – and it can be a game changer. Profit Point recently …
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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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Ten years ago, “What’s an environmental scientist doing in supply chain analysis?” would have been a good question. I might have even asked it myself before I took that exact step across the two industries. These days, however, news items regularly illustrate the links between climate events and supply chain disruption: From sourcing and production …
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It wasn’t too long ago that outside of work, many of us were met with puzzlement when we mentioned the supply chain. For better or worse, we rarely have to explain ourselves anymore: The past few challenging years have provided almost everybody with some degree of understanding of the difference that good, flexible, reactive supply …
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