Supply chain optimization practices focus on leveraging available data within your ecosystem to make smarter business and operations decisions. Organizations also use this data to make their supply chains more sustainable and eco-friendly. Traditionally, this data has typically been consolidated within enterprise resource planning (ERP) tools. ERP system supply chain integration has been a hot …
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Supply chain sustainability sounds like it should be table stakes for our industry. However, rapidly changing business conditions often cause organizations to suffer from unplanned heavy demand and unrealistic deadlines. This causes upstream suppliers to request overtime from their resources to meet demand surge. Even though downstream organizations follow sustainability guidelines, high demands and local …
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To commemorate International Women’s Month, the women of Profit Point recently held a virtual gathering to share our experiences in the supply chain industry. It was a special time to hear each unique experience and to encourage one another in our professional journeys. What was most exciting …
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Supply chain network models are powerful tools that help organizations make critical decisions. These decisions have a significant impact on growth plans, customer service and overall cost to serve. Therefore, the analytical process to develop and run these models is rigorous and very data intensive. This analytical rigor brings a level of confidence to the …
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A few years ago, I wrote about the pros and cons of data sharding and data partitioning based on real-world examples. But it recently occurred to me that many may still be unsure when to use database sharding techniques and the expected benefits. The below article addresses three key questions to ask before you begin …
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We recently recorded Karen Bird, our Head of Global Supply Chain Practice and Chief Marketing Officer, on supply chain technology integration best practices. One of our favorite moments during the interview was when we threw her a curve ball, prompting her to answer an unrehearsed question. It paid off – big time. Her answer touched …
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Supply chain network optimization and design initiatives require trading off many aspects of the supply chain: manufacturing, transportation, warehousing and distribution, inventory and customer service. Organizations need to make sense of internal and external data, collect input, reach alignment and coordinate a realistic but impactful roll out. It is a lot of work, and most …
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Modern technology has accelerated the rate of change in our world and allowed us to operate more effectively and with lower costs. Along with this rapid change, manufacturing network optimization becomes even more nuanced and more essential. Retooling production networks to strike a new balance between cost optimization, remaining competitive and increasing resilience where it …
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As 2020 draws to a close, so too do we complete our 25th year as Profit Point Inc. For many, 2020 has brought unique challenges and opportunities. For our team, the year has been a continuation of many of the tried-and-true practices we have established and implemented over the past quarter of a century. We …
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A few years ago, one of our largest clients asked us to help them implement an ERP system supply chain integration. The main goal of the project was to achieve seamless integration between their enterprise resource planning, supply chain planning and scheduling applications – i.e. create one global solution on a single platform – one …
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Retail demand planning is a key aspect of supply chain optimization. Understanding and predicting how much stock to have on-hand to appease consumer demand at any given time helps dictate the retailer’s manufacturing and shipping needs. Not surprisingly, consumer demand can change rapidly based on environmental, economic and geo-political influences. A couple years ago, I …
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Whether we’re in a global pandemic or not, one constant remains: our need to eat. The companies that bring consumer goods to market – like our local grocery stores and chain restaurants – rely on the sustainability of their supply chains to make their goods available as efficiently as possible and to remain profitable while …
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