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.
  • 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
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • 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
    • Parcel Forum 2022
    • MODEX 2022
    • Upload Your Video
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • 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
    • Parcel Forum 2022
    • MODEX 2022
    • Upload Your Video
Home » McKinsey buys consulting firm SCM Connections to help clients make supply chain transformations

McKinsey buys consulting firm SCM Connections to help clients make supply chain transformations

Deal comes as companies look to planning and analytics tools to cope with geopolitical tensions, labor shortages, economic uncertainty.

SCM Homepage-Monitor-800x450.png
November 10, 2022
DC Velocity Staff
No Comments

The management consulting firm McKinsey and Co. Inc. says its acquisition last week of SCM Connections will strengthen its expertise in advising client companies on their end-to-end supply chain planning transformations.

McKinsey on November 2 bought SCM Connections, a 12-year-old, Chicago-based consultancy that provides technology-enabled supply chain planning and analytics through Advanced Planning and Scheduling (APS) software. SCM says that tools like supply optimization, multi-echelon inventory optimization, and advanced demand forecasting algorithms can help its clients gain long-term advantages over their competition.

McKinsey said it would supplement that offering with its McKinsey Digital capabilities, creating a service that can solve supply chain problems with the help of advanced analytics and artificial intelligence (AI), helping clients to expand their supply chain capabilities.

According to the company, the time was right to make the acquisition because the need for effective supply chain management and planning has never been greater, due to ongoing factors such as the covid pandemic, geopolitical tensions, labor shortages, and broad economic uncertainty.

"Global supply chain issues are increasingly complex and volatile supply chains are forcing companies to modernize the tools they use for forecasting demand and planning supply and inventory to meet it," Daniel Swan, senior partner and global co-convenor of McKinsey & Company's Operations Practice, said in a release. "Today, we are in a new age of supply chain management where advanced planning capabilities are king and digital innovation builds the bridge to resilience. With this acquisition, we will be able to help our clients embed a full, end-to-end technology-enabled supply chain planning approach to fuel long-term growth and build resilience."
 

 

Consulting & Professional Services Supply Chain Strategy
KEYWORDS McKinsey & Co. SCM Connections
  • Related Articles

    Fortna acquires German logistics consulting firm to grow European footprint

    Accenture acquires Myrtle Consulting Group to beef up manufacturing and supply chain arm

    WiseTech buys New Hampshire drayage and trucking visibility software firm for $230 million

Recent Articles by DC Velocity Staff

Freightos completes plan to go public on NASDAQ exchange, raises $80 million

Retailers lose visibility as they outsource last-mile delivery, FarEye says

Warehouse robots drive change in automotive plant

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

Report Abusive Comment

Most Popular Articles

  • Survey: top supply chain risk of 2023 is semiconductor shortage

  • Big and bulky last-mile delivery segment set for hot growth

  • Outlook 2023: What’s in store for logistics/supply chain?

  • Ports, maritime operators see tide turning as ocean freight tsunami subsides

  • In Person: Steve Beverly of Penske

Now Playing on DCV-TV

1b952214 50bc 4b17 8699 b7fd3de34b0c

The Right Way Versus the Wrong Way Equals BIG $ When Conducting Transportation Sourcing Events

DCV-TV 4: Viewer Contributed
What is the "smart" way to source your transportation and why is it so important? Because the carriers are smart and they will provide better rates and service when things are done the right way versus the "wrong" way. In short, from a carrier's perspective sourcing events are a clear indication whether a shipper...

FEATURED WHITE PAPERS

  • The five best applications for robotic lift trucks in warehouse environments

  • Fulfillment Facility Improved Efficiencies by 4x

  • 3PLs: Complete Orders Faster with Flexible Automation

  • Reusable Packaging for the New Wave of Supply Chain Automation

View More

Subscribe to DC Velocity Magazine

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

Copyright ©2023. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing