2022 February ASCM Central Indiana Newsletter
What's New
Artificial intelligence (AI)-enabled supply chain management has the potential to supercharge demand forecasting, revolutionize end-to-end transparency and boost integrated business planning. According to ASCM’s Research, Innovation and Strategy Committee (RISC) Sensing Subcommittee, AI and machine learning (ML) are among the 10 supply chain trends to watch in 2022.
Article of the month
As Omicron drives the high-speed spread of new COVID infections all across the globe, our pandemic fatigue is mounting yet again. Making matters worse, empty grocery aisles invoke unpleasant memories of 2020, dealing yet another psychological blow. During such trying times, it’s tough to stay positive and focused on finding solutions, but there’s zero doubt that the entire world is counting on supply chains right now.
Scarcity is all around us: Germany is facing massive supply chain disruptions, and the country’s chamber of commerce is especially concerned about the food industry. In Australia, container transport operators report as much as a 50% staff reduction of container crews, forklift operators, warehouse workers and heavy-vehicle drivers. Here in the United States, the grocery out-of-stock rate is at about 15%, as COVID outbreaks at farms, factories, distributors and retailers hinder product delivery. Vivek Sankaran, CEO of U.S. grocery giant Albertsons, says the retail chain is bracing for four-to-six more weeks of stockouts.
The empty shelves are the result of three main issues:
https://www.ascm.org/ascm-insights/scm-now-impact/food-supply-chains-caught-in-another-perfect-storm/
Education Opportunities
The Supply Chain Procurement Certificate program is a foundational education program designed to help both entry-level and experienced supply chain professionals expand their procurement knowledge and skills. The program provides an overview of procurement fundamentals, sourcing strategies, supplier relationship management, negotiations, evaluation metrics, and more. You’ll be better equipped to:
- Develop a strategic sourcing strategy
- Establish effective procurement policies
- Effectively score supplier capabilities and select optimal suppliers
- Engage in more effective contract management negotiations
- Trace the purchase order flow from requirements identification to purchase order close-out
- Review supplier and internal procurement organization performance using data and metrics
- Engage in sustainable and ethical sourcing
https://www.ascm.org/procurement-certificate-program/
DID YOU KNOW?
Did you know that Fort Wayne & Centeral Indiana Chapters merged in 2021?
Did you know that there are 125+ companies that are represented in our ASCM Chapter?
Did you know that our chapter is made up of 350+ members?
ASCM is an unbiased partner, connecting companies around the world with industry experts, frameworks and global standards to transform supply chains.