Driving Excellence in Supply Chains
Supply chain excellence is easy to say. Defining excellence is difficult. Achieving it, and gaining market advantage, is a feat achieved by only a few. Each year, we analyze year-over-year trends to understand the trends. Our goal is to understand which companies drove improvement faster than their peer group and outperformed their sector. The analysis evaluates 600 public companies.
Only 4% of companies studied make the cut to stand in the Winner’s Circle for the Supply Chains to Admire. In the 2021 analysis, twenty companies win the Supply Chains to Admire Award. They include Apple, AbbVie Inc., Air Products & Chemicals, Assa Abloy AB, Broadcom, Celestica, Dollar General, Ecolab Inc., Intuitive Surgical, Inditex, Lockheed Martin Corporation, Nike Inc., Nvidia, PACCAR Inc, Ross Stores, Sleep Number, Taiwan Semiconductor Manufacturing (TSMC) Company, Tempur Sealy, TJX Companies, and Western Digital.?
No company meets the criteria in seventeen of the twenty-six sectors studied. Supply chain company results against respective peer groups started to deteriorate in 2014-2015. We share the Supply Chains to Admire methodology details and the supporting orbit charts to understand the trends. Our thoughts on the WHY are shared in a recent blog on the Supply Chain Shaman.
We hope to see you and your team at the Supply Chain Insights Global Summit on September 7th-9th in Franklin, TN. Designed for extreme networking, the event's goal is to ideate on the future of supply chain management and challenge participants to think differently to drive new outcomes. At the event, we will celebrate the winners from the Supply Chains to Admire analysis and hear the stories of four winners. At the event, we will also gain insights from a virtual tour of the Schneider Electric digital factory, release the test results from Project Zebra (testing of outside-in processes) and insights from recent research on analytics. The conference will be available in two formats--in person at the Hilton facility and online and hosted by Supply Chain Now. (To ensure the safety of our guests, all participants and hotel staff will be vaccinated for COVID-19, and we will provide face shields on request.) I hope to see you there.
Top Voice in AI | CIO at TetraNoodle | Proven & Personalized Business Growth With AI | AI keynote speaker | 4x patents in AI/ML | 2x author | Travel lover ??
3 年Increasingly, supply chains are being pushed to the forefront as a means to drive excellence and efficiency throughout an organization and its external partners. Supply chains are no longer a terms used only by manufacturing organizations - but the provision of goods or services by entities across the whole value chain. This has become even more relevant in today’s increasingly global economy. Lora Cecere wonderful post!
Strategy Design for Sustainable Supply Chain |Data Decision Models | Process Excellence | Operations & Quality Management |
3 年The list is a mix of companies who have braved the times in their own way. A few known ones and a few surprises. it will be interesting to see their metrics and I'm sure all those organizations striving to be on this for next year would taking notes and the ones challenging themselves harder to retain their spots.
Cinematographer at Wks Media
3 年My experience is that there are surprisingly few companies, that actually choose to improve their supply chain performance by doing EDI with their Suppliers, yet they are (correctly I state) choosing to do so for their Customers.
Supply Chain Scientist, Research, Consultant, Trainer | AI, ML, Python | CTSC, CPIM, CSCP, CLTD, CPM(CPSM), PMP, LSSBB, CIPS | SCM Games |ex- Bosch | ex- ZF | ex-Visteon | ex- Biesse | Founder & CEO
3 年Interesting
Director of Sales at AdvanceFirst Technologies Ltd
3 年My experience is that there are surprisingly few companies, that actually choose to improve their supply chain performance by doing EDI with their Suppliers, yet they are (correctly I state) choosing to do so for their Customers............, and yet EDI is so easily available for them to implement with their Suppliers also! Its fairly obvious that if you don't do EDI with your own Suppliers too, then it's just not possible to provide maximum service to ones Customers! It is equally surprising that Retailers don't push their Suppliers to take this on, as they must know that by not doing so, costs get PUSHED BACK and not OUT of the supply chain! I am therefore NOT SURPRISED that the % is quite low in your article, albeit based just on my experience of one aspect of supply chain excellence. #retailers #fmcg #edi