We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • ::COVID-19 COVERAGE::
  • INDUSTRY PRESS ROOM
  • ABOUT
  • CONTACT
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC.
    • Podcast
    • Blogs
      • Analytics & Big Data
      • Best Practices
      • Dispatches
      • Empowering Your Performance Edge
      • Logistics Problem Solving
      • One-Off Sound Off
      • Public Sector Logistics
      • Two Sides of the Logistics Coin
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2020
    • Upload Your Video
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC.
    • Podcast
    • Blogs
      • Analytics & Big Data
      • Best Practices
      • Dispatches
      • Empowering Your Performance Edge
      • Logistics Problem Solving
      • One-Off Sound Off
      • Public Sector Logistics
      • Two Sides of the Logistics Coin
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2020
    • Upload Your Video
Home » Elemica Shares Eight and a Half Supply Chain Priorities for 2016
Press releases are provided by companies as is and have not been edited or checked for accuracy. Any queries should be directed to the company issuing the release.

Upload your press release

Elemica Shares Eight and a Half Supply Chain Priorities for 2016

January 12, 2016
No Comments

Wayne, PA- January 12, 2016 - Elemica, the leading Supply Chain Operating Network for the process industries, discusses eight and a half supply chain priorities for industrial companies to deliver greater value in 2016. Manufacturers implementing these evolving practices will capture new market opportunities, accelerate growth and mitigate risk, significantly reduce operating costs and improve their ability to delight customers.

"2016 will see accelerated adoption of next-generation technologies as a strategic driver for supply chain leaders," said Ed Rusch, VP of Global Marketing at Elemica. "Replacing legacy systems with more effective alternatives will eliminate recurring pain points and create new levels of decision making, teamwork and performance."

Priorities for Supply Chain leaders in 2016 include:

1. Unleash the Potential of Connected Devices - The Industrial Internet of Things (IIoT) will transform how people work. New interactions between humans and machines will change the basis of competition and create a new wave of disruptive companies with unprecedented levels of partnership and productivity. For example, factories of the future will seamlessly tap into the IIoT to gather customer buying habits and automatically increase production when demand is high.

2. Proactively Create Risk Management Strategies - As global dynamics change, successful companies understand that risk management plays an important strategic role in handling the dynamic of pandemics, natural disasters and economic uncertainty by protecting valuable assets with a unified, high-performance risk mitigation model.

3. Actively Engage in Supply Chain Communities - Social will build exceptional levels of trust and connectivity among trading partners. Incorporating effective communication styles across a community of trading partners enables companies to share best practices, key performance indicators, business intelligence analysis and more to cut costs, improve efficiencies and build resilience.

4. Reinvent Traditional Supply Chains with Digital Proficiencies - Digital Supply Chains enable true synchronization with expansive connectivity, greater scalability, and more speed. As people become more connected, so should the supply chains of companies who want to interact with these people.

5. Unlock Outside-in Capabilities for Demand-Driven Customers - Industrial manufacturers want to better sense and respond to market demands in a timely manner while remaining profitable. Companies need a network that supports seamless information flow and real-time responses coupled with robust business process orchestration and advanced analytics.

6. Address Prevailing Carrier Capacity Issues - As a result of aging and retiring truck drivers, strains in capacity will cause carriers to be more selective in who they do business with. Companies need to become "Preferred Shippers" by paying quicker, communicating better and sharing forecasts for demand.

7. Adapt to An Increasing Number of Millennials in Workforce - Understand and anticipate the benefits of working in a digital society. Forward-thinking companies will blend expertise, technology and teamwork to keep everyone accountable and contributing to supply chain success.

8. Overcome Complexities with End-to-End Visibility - Removing information silos allows companies to work together more effectively, while driving value for their business and customers. The resource of information, acquired through a business network, is like a currency that can be spent to enable intelligent and rapid responses to real-time market events.

A carry-over priority from 2015 completes this list, and as such, is given a half designation:

8.5 Remove the #1 Barrier to Collaboration - Multi-partner information sharing creates an ecosystem where business partners combine products and services to meet customer needs, with trust a must for meaningful collaboration. Using a supply chain operating network as the backbone removes the trust barrier, maximizing information sharing and benefiting all participants.

With customer requirements ever-changing, process manufacturers are deploying more sophisticated strategies to keep service levels high without piling on costs. By implementing these supply chain priorities, businesses are able to respond more quickly to demand changes, better absorb market disruptions and capture new market opportunities. Business Networks enable companies to ultimately find common ground with their customers and deliver an easy-to-do-business-with experience.

About Elemica

Elemica is the leading Supply Chain Operating Network for the process industries. Elemica transforms supply chains by replacing manual and complex approaches with efficient and reliable ones. Launched in 2000, customers like BASF, BP, Continental, The Dow Chemical Company, DuPont, The Goodyear Tire & Rubber Company, LANXESS, Michelin, Shell, Solvay, Sumitomo Chemical, Wacker and more process nearly $400B in commerce value annually on the network. Elemica drives bottom line results by promoting reduced cost of operations, faster process execution, automation of key business processes, removal of transactional barriers, and seamless information flow between trading partners. For more information, visit www.elemica.com.

More Info: http://www.elemica.com

Submit your logistics, material handling, or supply chain related company news in DC VELOCITY's Industry Press Room section or New Products section
  • Related Articles

    DHL Supply Chain awarded as a Top Employer in eight countries

    ProShip Receives a 2016 Supply & Demand Chain Executive Green Supply Chain Award

    Elemica and Industry Analyst Lora Cecere Deliver Webinar - Get a Pulse on Your Supply Chain

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Cold chain giant Lineage Logistics buys its own rail operator

  • For container lines and ports, what a difference a year makes

  • Outlook 2021: What’s in store for logistics supply chain?

  • Cushman & Wakefield Brokers Sale of 170 Acres plus Lease for 1MSF Build-to-Suit for Home Improvement Retailer in Commerce City, CO.

  • Capacity challenges will continue in 2021

Now Playing on DCV-TV

2mw 01 11 21 thumb

Ocean Sector Shaping the Next Shipageddon

DCV-TV 4: Viewer Contributed
If you're a shipper, it's never good when a rep for an ocean carrier tells you, "You better sit down before you read this." We've been seeing astoundingly high increases in the ocean sector and they seem to have staying power. While the ocean carriers used blank sailings last year to tip the balance of supply and...

FEATURED WHITE PAPERS

  • Proven Benefits: A Compendium of Slotting Optimization Success Snapshots

  • Bridging Information Gaps in Dock and Yard Operations

  • How Intelligent Sensor Solutions Turn Data Into Action

  • Order picking Solutions: Understanding Your Options

View More

Subscribe to DC Velocity Magazine

GET YOUR FREE SUBSCRIPTION
  • SUBSCRIBE
  • NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2021. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing