non-merchandise supply chain Archives

Managing Supply Chain Pinch Points

Posted on January 12, 2023February 22, 2023 by Lumatrak

Texas sign shown frozen during a winter storm

Pinch Points Affecting Supply Chains Last week, I discussed some of my more general risk mitigation strategies. This week, I’m going to focus on a specific example of a pinch point within the supply chain. A pinch point is a product that has limited sourcing options. Winter storms causing supply disruptions In 2021 and 2022, we experienced supply disruptions within our refrigerated systems category despite being sourced with multiple suppliers. In February 2021, the south-central regio...
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Advanced Analytics

Posted on December 7, 2022February 22, 2023 by Lumatrak

Advanced Analytics Last week, we discussed Continuous Intelligence. When embarking on digitizing your supply chain, a first step is to shift responsibility for communicating current order status onto the suppliers resulting in the collection of real-time, actionable information for the business. Sharing data throughout the enterprise The next step in the digitization journey is to create a way to present this information to your stakeholders. The information has to be clear, useful...
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Continuous Intelligence

Posted on November 30, 2022February 22, 2023 by Lumatrak

Continuous Intelligence Last week, we shared the components of a digitized supply chain. These are: Continuous Intelligence Advanced Analytics Outcome Analysis Collaborative Responses Unpacking Continuous Intelligence Today, we're going to unpack the idea of Continuous Intelligence. Prior to digitizing the supply chain, there's a lot of wasted time and resources in research, supplier communications, and business level communications to track and expedite materials to ...
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