The report, Best Practices: Supply Network Optimization in Asset-Oriented Value Chains, answers a number of questions prevalent in many industries about how to plan, position and allocate inventory. Many of these questions are particularly relevant given the economic conditions of the last 18 months, says Knickle. “As companies have been forced to re-look at their business models due to declining sales and/or profits, the supply network is an obvious candidate for transformation. Having sophisticated tools may well make the difference between riding out the economic downturn versus becoming a victim of it.”

If you are looking to follow this advice and expand your network, this could be simplified with a solution that allows you to communicate with your network efficiently. The reality is that most parties involved in a transaction have different information systems and data definitions, and information that can flow at unpredictable times. Management Dynamics’ Supply Chain Visibility solution provides the most extensive global, multi-mode (air, motor, rail and ocean) connectivity in the industry, with over 500 connections that represent 80% of freight moved.

If you’re interested in learning more about our solutions, please visit our Resource Library, or Contact Us directly.

More »

This concept transfers over into supply chain management. The larger a company grows, the more complex it’s supply chain will be. A complex supply chain naturally means that more carriers, suppliers, people and organizations will be involved in its operations. There’s your network. It’s important to work with all of these people and tap into their industry knowledge on how the supply chain can be run in the most efficient way possible. If you’re concerned about being able to maintain productive communication with so many trading partners, a Supply Chain Visibility software solution will quickly solve that problem.

Please read the full article from Wharton here: Innovation: Sometimes it Takes a Village

More »