Resilience is the New Name of the Game in Supply Chain

Resilience is the New Name of the Game in Supply Chain

Resilience is the New Name of the Game in Supply Chain

For the majority of Supply Chain’s history, this evolution has been driven by a knack for finding efficiency. Companies have leveraged digital tools, and evolving skills, to collect vast data about product or raw materials sourcing, transportation, logistics, and manufacturing. They’ve hired strategic Supply Chain professionals who can turn this data into actionable intelligence, and redesign the supplier, production, and transportation network to get products to market quicker and cheaper. They use advanced ERP software and S&OP strategy to match supply with demand, and turn over inventory faster and faster. “Just-in-time” production has become a hallmark of today’s Supply Chains.

Case in point: research firm Gartner includes the speed of inventory turns as a key metric in its annual Top 25 List recognizing companies for their excellence in Supply Chain.

Now, the top Supply Chain professionals are those who can find those efficiencies, while providing a strong customer experience that safeguards the company’s brand. It’s been a long evolution, and it’s made the field more ascendant within companies than it’s ever been, with a bigger seat at the C-suite table. Risk mitigation, innovation through supplier collaboration, and increased sustainability have also driven Supply Chain’s strategic value – but they’ve taken a back seat to efficiency.

Then came COVID-19.

As we’ve also written about recently, the COVID-19 pandemic has caused almost-unprecedented disruptions to a majority of companies’ Supply Chains – as many as 72%, according to a recent Supply Chain Canada survey.

We’re four months into the pandemic, and it appears that these disruptions have spurred another evolution:

More than ever, companies are focusing on Supply Chain resilience

All around the Supply Chain world, professionals are shifting their focus to make sure that they can withstand supplier disruptions, not only due to COVID-19, but to future emerging issues as well.

In our recent interview with Procurement Guru Jill Button about the particular Supply Chain challenges of the moment, she highlighted this shift, saying: “People are beginning to understand the risks and fragility of a Supply Chain and not having a sound Procurement practice. I think, as a field, we need to step up and embrace this moment.” In March, at the outset of the pandemic, industry thought leader Bob Ferrari wrote about how, in a world of supplier disruption, companies might shift from a just-in-time inventory model that maximizes efficiency, to one that prioritizes a diverse supplier base to maximize resilience.

Top consulting firms are taking notice too, in their own advice to corporate leaders: Bain, Deloitte, McKinsie, and Baker McKenzie, and others have released white papers in recent days on the importance of Supply Chain resiliency and risk mitigation in this new era.

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Coupa Software: four tips for reducing supply chain risk

Coupa Software: four tips for reducing supply chain risk

Coupa Software: four tips for reducing supply chain risk

The cloud platform for business spend management, Coupa Software, drives “Value as a Service” by helping customers to achieve significant cost savings.

As is the case with every supply chain, there is always risks that must be considered. These risks could be financial, cyber, legal or fraud and business leaders have a responsibility to consistently work to overcome these risks. Coupa has compiled four spend management decisions to help cut supply chain risk.

1. Automate compliance verification

In order to decrease risk in company’s supply chains, organisations must ensure is audit-ready and fully compliant. There’s an importance to ensure every vendor is compliant with relevant standards and observe the tolerance for risk. The process includes checking vendor credit ratings, financial liabilities, legal judgements as well as other details.

2. Utilise the insights of the business community

With some companies undergoing regular checks on its vendors to obtain credit reports from third-party sources, best-of-breed business service management (BSM) technology accelerates this. Based on a range of sources such as income statements, court documents and news articles, BSM algorithms quantifies financial, judicial and public sentiment health of each supplier.

3. Enable real-time visibility for spend-at-risk

Recognising and understand the risk that comes from each supplier is vital to ensuring information is married with the actual spend of the organisation. In the supply chain space, being proactive is key due to the pace of which the world moves. By operating with an agile approach, it allows businesses to adapt to situations that weren’t accounted for, such as trade sanctions, currency fluctuations and natural disasters.

4. Control in-flight transactions to mitigate risk

The importance of supply availability is key. Understanding and identifying these risks before they develop is vital to ensuring businesses protect guard against such threats. BSM processes should enable clear visibility of transactions that are linked with supplier risk.

Read more at Coupa Software: four tips for reducing supply chain risk

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Enabling Resilience in National Critical Infrastructure

Growing concerns related to dependencies on software-reliant information communications technology (ICT) and Internet of Things (IoT) devices are pushing changes in governance associated with supply chain risk management (SCRM). The possibility of disruption of critical infrastructure exists because the software that enables these capabilities is vulnerable and exploitable.

Exploit potential is often more about the vulnerability of assets in target organizations than the ingenuity of the attackers. Several breach reports show that the source vectors of attack are in software. Consequently, organizations expanding the use of network-connectable devices need comprehensive software security initiatives to address weaknesses resulting from technological vulnerabilities and a lack of “cyber hygiene” (lack of caution) among those who develop and use software applications and software-reliant IoT devices.

Exploitable weaknesses, known vulnerabilities, and even malware can be embedded in software without malicious intent. Indeed, sloppy manufacturing hygiene is more often the cause of exploitable software. Such poor hygiene can be attributed to the lack of due care exercised by supply organizations with developers, integrators and testers who are often unaware of or untrained on software security, compounded by inadequate testing tools and the failure of suppliers to prioritize addressing the risks associated with the poor security of the software they deliver to the organizations that use it.

How do organizations proactively protect critical infrastructure from being the victim of software provided by others? As a start, they use contracts to set supply chain expectations for their suppliers. Sample software procurement language is available for free to assist organizations in developing their contracts and establishing test criteria as part of software SCRM due diligence. Procurement criteria should contain these specifications, at a minimum:

  1. Software composition analysis of all compiled code found in the supplier product to identify all third-party open source components via a software bill of materials and to identify all known vulnerabilities listed in Common Vulnerabilities and Exposures (CVE) in publicly available databases, such as the NIST-hosted National Vulnerability Database (NVD);
  2. Static source code analysis of all available source code found in the supplier product to identify weaknesses listed in Common Weakness Enumeration (CWE);
  3. Malware analysis of supplier-provided software to determine whether any known malware exists in that software, along with a risk assessment of mitigation controls;
  4. Validation of security measures described in the product’s design documentation to ensure they are properly implemented and have been used to mitigate the risks associated with use of the component or device.

Read more at Software Supply Chain Risk Management: Enabling Resilience in National Critical Infrastructure

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Supply Chain Network Optimization Technology is Ripe for Disruption

Something struck me after spending a few days in Phoenix at Gartner’s Supply Chain Executive Conference.

Supply Chain Network Optimization is key to running an efficient and profitable operation today.

But while the market has changed, network optimization hasn’t actually advanced much since the 1990s. Yes, there are lots more features and a big increase in computing power. Yet, network optimization is still just a richer version of the 90’s experience.

Analyzing the Software Market

Network optimization software has become a big business that’s experienced exponential growth. There has been a strong adoption of boxed solutions that are feature rich with many bells and whistles.

What I heard at the Gartner conference is growing frustration with these large packages that have become cumbersome to use, too difficult for the average supply chain expert, lack flexibility and have high price tags. Sound familiar?

So what is the alternative? First, we need to go back to the original purpose. Supply Chain teams shouldn’t be overly focused on technology. Instead, they should have their eyes set on the desired outcome.

Supply Chain teams want a supply chain network that runs in an optimized fashion, with signals that indicate when and where to invest in future infrastructure. The network optimization tool should just be a means to an end.

So why hasn’t it become easier and cheaper to have an optimized network? Why are companies investing more and more in this focused discipline?

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How intelligent automation will impact and revitalise global supply chains

The idea of automation in manufacturing and the supply chain is nothing new – since the earliest days of the industrial revolution we have sought to automate tasks with machines, and lower the cost of manufacturing processes.

In countless cases, the application of machines, and more recently software, has meant improvements in the consistency of products, facilitated near 24/7/365 production and has meant staff can be focused on higher value tasks in their company.

Yet the use of technology in the industry may not be fully understood; a recent Capgemini survey showed that nearly half (48%) of UK office workers are optimistic about the impact automation technologies can have. However, while respondents to the survey had a general idea of the benefits that might accrue, they were less clear as to how these technologies could be applied to their specific area of work. And worryingly, only 20% said they felt their organisations were currently benefiting from automation – clearly the industry is missing a trick.

However, as utilisation stagnates for certain companies, the market is maturing. Automation is now reaching far beyond simple process software and mechanisation. Technologies such as the Internet of Things (IoT), cognitive computing, advanced robotics, Digital Fabrication and blockchain are becoming increasingly popular, bringing together the power of automation and analytics.

Yet other areas such as artificial intelligence (AI) and machine learning, which are proven enablers for new ways of optimizing the supply chain and manufacturing processes, are less understood. It’s agile, forward-thinking businesses that are able to utilise these technologies in a thoughtful way that will reap the benefits.

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Top 20 Supply Chain Management Software Suppliers 2017

The market for supply chain management (SCM) software, maintenance and services continued its growth in 2016, generating more than $11.1 billion, a 9% increase over 2015 revenues, according to the research firm Gartner.

That total includes applications for supply chain execution (SCE), supply chain planning (SCP) and procurement software. Since the market’s 2% decline in 2009, the market has posted double-digit growth in four of the past six years, according to Gartner. The SCM market is expected to exceed $13 billion in total software revenue by the end of 2017 and exceed $19 billion by 2021, Gartner forecasts, with software as a service (SaaS) enabling new growth opportunities.

“It continues to be a good year for the supply chain overall,” says Chad Eschinger, managing vice president of Gartner. “The Cloud-based segment grew 20%, which is consistent with what we’ve seen in recent years.”

The push for Cloud capabilities also fueled some of the acquisition activity over the last year. Eschinger cites examples such as Infor’s acquisition of GT Nexus, Kewill’s acquisition of LeanLogistics, Oracle’s acquisitions of LogFire and NetSuite, and E2open’s acquisitions of Terra Technology and, more recently, Steelwedge.

“Broadly speaking, we’re seeing cyclical consolidation,” Eschinger says. “For some companies it’s a land grab, for others it’s an effort to add functional and technical underpinnings to go to the Cloud or provide a fuller complement of Cloud capabilities.”

Suite vendors are increasingly inclined to offer end-to-end solutions, Eschinger says, tying in customer relationship management capabilities, replenishment, network design, clienteling and more. In addition to supply chain efficiency, these solutions are also aimed at improving and standardizing the consumer’s experience.

“The Amazon effect continues to wreak havoc in retail and for manufacturers selling direct-to-consumer,” Eschinger says. “Everyone wants real-time visibility into inventory, so data and the associated analytics continue to be front and center for most organizations.”

Read more at Top 20 Supply Chain Management Software Suppliers 2017

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BROWZ Launches New Software Platform for Improved Supply Chain Management

Speaking to a full house at the BROWZ Client Summit 2016 Sundance Resort, V.P. of Product Development, Aaron Rudd stated “BROWZ OneView is a significant development in the evolution of supply chain management software that will not only meet our clients needs today, but will meet their supply chain needs as they expand in the future.”

BROWZ OneView is an entirely new interface and user experience for BROWZ clients.

“Our goal was to enhance the way our clients interact with our solutions and their supply chain. From conducting a simple supplier search to in-depth analysis across a global supply chain. BROWZ is empowering our clients with the new OneView platform,” Rudd said.

“The software provides meaningful insight into the entire supply chain using key performance indicators which also provides the flexibility to analyze the performance of individual locations or specified risk level with the click of a button.”

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The Bank of England has a chart that shows whether a robot will take your job

robot jobs

The threat is real, as this chart showing the rise and fall of various jobs historically shows. Agricultural workers were replaced largely by machinery decades ago. Telephonists have only recently been replaced by software programmes. This looks like good news for accountants and hairdressers. Their unique skills are either enhanced by software (accountants) or not affected by it at all (hairdressers).

The BBC website contains a handy algorithm for calculating the probability of your job being robotised. For an accountant, the probability of vocational extinction is a whopping 95%. For a hairdresser, it is 33%. On these numbers, the accountant’s sun has truly set, but the relentless upwards ascent of the hairdresser is set to continue. For economists, like me, the magic number is 15%.

Another data analysis about jobs which will be phased out as time goes. It is an interesting analysis of historical job data. However, after I glanced through the bank report referenced in the article, I am not sure robots are the reason of the job replacement. For example, it could be replaced by cheap labor in foreign countries. The bank report shows only the jobs subject to be phased out due to technology advancement. People could just become productive. So, do not take robots too seriously!

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3 ways to strengthen security with software supply-chain automation

Federal agencies are striving to become more innovative and iterative, leading to growing adoption of open source within the government. The issuance earlier this year of the Federal Source Code Policy illustrates how this technology, once anathema to government agencies, has become the de facto standard for the creation and deployment of many applications.

With the explosive adoption of open-source components being used to assemble applications, agency personnel are now tasked with ensuring the quality of the components that are being used. Developers must have confidence in components’ security, licensing and quality attributes and know for certain that they are using the latest versions.

Unfortunately, many agencies that are adopting the RMF are also relying on outdated and inefficient practices and tools that are not designed for today’s open and agile world. In addition to relying on potentially vulnerable components to build applications, some agencies have continued to depend too heavily on common application security tools, such as static application security testing and dynamic application security testing.

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10 Web Scraping Tools

Web Scraping tools are specifically developed for extracting information from websites. They are also known as web harvesting tools or web data extraction tools. These tools are useful for anyone trying to collect some form of datafrom the Internet. Web Scraping is the new data entry technique that don’t require repetitive typing or copy-pasting.

These software look for new data manually or automatically, fetching the new or updated data and storing them for your easy access. For example, one may collect info about products and their prices from Amazon using a scraping tool. In this post, we’re listing the use cases of web scraping tools and the top 10 web scraping tools to collect information, with zero coding.

Use Cases of Web Scraping Tools:

  1. Collect Data for Market Research
  2. Extract Contact Info
  3. Look for Jobs or Candidates
  4. Track Prices from Multiple Markets

Tools:

  1. Import.io
  2. Webhose.io
  3. CloudScrape
  4. Scrapinghub
  5. ParseHub
  6. VisualScraper
  7. Spinn3r
  8. 80legs
  9. Scraper
  10. OutWit Hub

Read more at 10 Web Scraping Tools

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