Now a fundamental pillar of Gartner's supply chain services, the community orchestrates and curates the most innovative strategies, insight, expertise and knowledge from across the SCM World community. Gartner for Supply Chain Leaders helps you respond to the next disruption and innovate for the future through leading-edge supply chain management practices. Our expert guidance and tools enable faster, smarter decisions and stronger performance on an organizations mission critical priorities. Download the supply chain cybersecurity reportto: Join your peers for the unveiling of the latest insights at Gartner conferences. Logistics plans and manages transportation from sources of supply to manufacturing sites, distribution centers, stores or other points in the supply chain where materials will be processed further and advanced down the supply chain to the enterprise's ultimate customer. and All rights reserved. Supply chain management contributes to a number of enterprise goals, such assustainabilityanddiversity, equity and inclusion. However, just 4.4% of technology budgets on average are specifically dedicated to supply chain sustainability improvement. The supply chain management (SCM) market solutions revenue totaled ~ US$ 19.5 Bn for 2020, according to Future Market Insights' (FMI's) latest study. Supply chains must, for example, be prepared to replenish digital orders directly from printers that sense low ink, as well as an increasing number of equipment as a service and product as a service offerings. "To help support next-generation supply chains and real-time business requirements, we expect consolidation of existing solutions into broader, multidomain suites, but also a continued stream of new point solutions that will support innovation, address specific needs and offer new value," said Mr. Eschinger. Business performance in the form of public financial and ESG (environmental, social, governance) data provides a view into how companies have performed in the past. Download the report to see who ranks highest for supply chain excellence in the Gartner Supply Chain Top 25 for 2021. Gartner Terms of Use This platform provides features that work in the global transport market such as multiple language and currency support. ". Balance the warehousing footprint and transportation alternatives to achieve agility and flexibility. Gartner Terms of Use You will be responsible for analysis wind markets in the region, focusing on analysis of wind market demand side developments. Optimization and simulation capabilities can enable what-if scenario planning while AI capabilities can enhance or replace human decision making through machine learning and natural language techniques in all areas of analytics. Thesupply chain management (SCM)market will exceed $13 billion in total software revenue by the end of 2017, up 11 percent from 2016. For example, AI is becoming a foundational catalyst for advanced process automation and human augmentation and engagement. Wood Mackenzie's Power and Renewables research team is a highly respected group of analysts producing market-leading research on the entire renewable energy value chain and power industry across the globe. See the latest . Gartner, Inc. 4.0 (1) 4.3 (12) TrustRadius. Some supply chains may adopt modular operating models that can assemble and rearrange components and capabilities to pivot as conditions dictate. Privacy Policy. It transforms manufacturing and supply chain processes by providing a . This statistic shows the global revenue generated through the supply chain management (SCM) software market from 2008 to 2019. Discover the top health systems setting the standard in supply chain excellence. Respondents say that on average 28.9% of their organization's sustainability impact comes from the supply chain. ", Gartner clients can read more in the research note"Forecast Overview: Supply Chain Management, Worldwide, 2016 Update.". Gartner helped a construction company shift from a make-to-stock to a demand-driven make-to-order process, which generated $8M in inventory savings. But overall supply chain maturity, organizational risk culture, industry sector and other factors will influence the role of technologies in a given organizations transformation journey. The overarching benefit of supply chain analytics is that they provide the insight required tomake better decisionsand can therefore create a powerful competitive advantage. Responsible for leadership and accountability for product roadmap through solicitation of market segment requirements from customers, market studies, competitive analysis, win/loss analysis and in-house subject matter experts. The more autonomous the world becomes, the more supply chains will need to mature digitally and be connected end to end. Gartner is an Equal Opportunity / Affirmative Action Employer committed to the value of workforce diversity. But regardless of the specific initiatives and their breadth organizations need to assess the current and future state of their supply chains and prioritize the actions needed to close the gaps. and (See also What is digital supply chain?). The COVID-19 crisis exposed the fragility ofglobal supply chainsthat have long been optimized solely for cost efficiency. Improved forecast accuracy can also demonstrate benefits to capacity utilization, changeovers, production schedule changes and inventory turns. Gartner Supply Chain Benchmarking shows you where you stand and where you need to go on your journey to supply chain excellence. All internal functions, including research and development (R&D) and procurement, through manufacturing, logistics, marketing and sales, as well as all trading partners, will use a common data platform. Prioritise your supply chain metrics This year's winner was Procter & Gamble, one of five companies included in the supply chain masters category on Gartner's annual list of the Top 25 supply chains. Supply chain technologies and solutionsinclude established applications, such as supply chain planning and transportation management tools, but also extend to emerging and evolving technologies such as artificial intelligence, machine learning and robotics. In 2019 . 2022Gartner, Inc. and/or its affiliates. The Gartner Supply Chain Top 25 for 2021 identifies, celebrates and profiles companies that are effectively navigating the pandemic landscape through excellence in supply chain management. Critical Capabilities: Analyze Products & Services, Digital IQ: Power of My Brand Positioning, Magic Quadrant: Market Analysis of Competitive Players, Product Decisions: Power Your Product Strategy, Cost Optimization: Drive Growth and Efficiency, Strategic Planning: Turn Strategy into Action, Connect with Peers on Your Mission-Critical Priorities, Peer Insights: Guide Decisions with Peer-Driven Insights, "Forecast Overview: Supply Chain Management, Worldwide, 2016 Update. (Also see What is supply chain resilience? and What is a digital supply chain?). Other relevant technology trends include hyperautomation and digital twins of the supply chain. "The growing impact of digital commerce will drive greater investment in supply chain analytics, and the lure of faster decision making and eradicating inefficiencies will drive investment in smart machines and IoT and the associated SCM software. . Total cost of the program is $23,595*. Ecosystem partnerships. Supply chain planning (SCP) is the process of optimizing the delivery of goods, services and information from supplier to customer, which balances supply and demand. Add production facilities or surge capacity with external manufacturing partners and warehoused stockpiles. The 2022 Gartner Healthcare Supply Chain Top 25 companieshave been revealed. Recent drivers of supply chain change include expanding digital business models, the shift to selling solutions rather than just products, diverse customer expectations and the increasing rate of disruptions. Supply chain visibility will become more important in the face of increased cyber threat. SCM Software Forecast by License, Maintenance/Support and SaaS Spend, 2015-2021. Thekey supply chain processesare: Through these processes, supply chain organizations manage demand forecasting, choose and manage suppliers (including contract manufacturers), plan for and manufacture products (having acquired the raw materials), store and deliver finished goods (using logistics or third-party logistics providers (3PLs) to coordinate and schedule orders and deliveries), and manage products that are returned, defective or excess to needs. Manufacturing network diversification. The traditional way of transforming the supply chain is no longer the most effective approach, as competitors have evolved and new technologies are available to support more innovative and end-to-end supply chain management. Digital initiatives should be prioritized to create value for the business, which will likely require supply chain leaders to get theCEOs buy-infor digitalization efforts. Download the checklist to see common supply chain management metrics. The supply chain management market size is quantitatively analyzed from 2019 to 2027 to highlight the financial competency of the industry. Emerging technologieswill play an important role. Gartner describes this evolution to greater flexibility asbecoming more composable. Supply chain management leaders will need to work with data and analytics leaders across the business to ensure alignment on both data strategy and platforms, and with IT leaders to ensure the right technologies are in place. What is supply chain management strategy? Supply chain analytics are essential to all supply chain management decisions (e.g., What will I sell? Digital supply chains leverage digital capabilities, information technology, analytics and web-enabled processes to improve visibility (ideally in real time) and efficiency across all the activities and organizations in the supply chain and ultimatelycreate valuefor the business.. Digitalization is revolutionizing the level and intensity of connections among trading partners in the supply chain, making it easier for organizations to create and participate in value-creating supply chain ecosystems. Join your peers for the unveiling of the latest insights at Gartner conferences. Gartner Terms of Use Gartner helped a CPG Manufacturer save $22 million in inventory costs by aligning supply chain technology with business processes. But logistics cannot simply deliver to meet all customer service expectations irrespective of how much it costs to do so. This will help createsupply chain resilience, especially during disruption. The global supply chain management software market is anticipated to garner $35176 million by 2028, growing at a CAGR of 10.02% during the forecast period. This ecosystem goes beyond direct suppliers to Tier 2 suppliers and beyond, direct and indirect logistics partners, end customers, government agencies and industry organizations. Supply Chain Management Market Size, Share & Trends Analysis Report By Component (Solution, Services), By Deployment, By Enterprise Size, By Vertical, By Region, And Segment Forecasts, 2022 - 2030 Report ID: GVR-4-68039-928-2 Number of Pages: 120 Format: Electronic (PDF) Historical Range: 2017 - 2020 Industry: Technology Report Summary Privacy Policy. Mr. Eschinger added that to remain competitive in this environment, end-user organizations are seeking to discover and exploit value in the huge amounts of data generated throughout an ever-extending network of businesses and connections that make up a modern supply chain. Gartner provides supply chain leaders with insights, advice, data and tools to develop effective supply chain risk management strategies that predict and mitigate new disruptions. The 2022 Gartner Healthcare Supply Chain Top 25 companies have been revealed. 2022Gartner, Inc. and/or its affiliates. Global supply chain management strategies & solutions from Gartner helped a chief supply chain officer with implementing a healthcare resiliency plan in-house. Where? Gartner predicts that by 2026, more than 50% of large organizations will compete as collaborative digital ecosystems rather than discrete firms, sharing inputs, assets and innovations. By 2021, SaaS deployments are forecast to account for more than 35 percent of total SCM spending (see Figure 1). As supply chain leaders look to identify, evaluate, select and deploy technology investments that further transform their supply chains, they must focus their choices on the potential impact to their organizations. Post COVID-19, the size of the supply chain management (SCM) market is estimated to grow from $18,699.45 million in 2020 and projected to reach $52,632.37 million by 2030, at a CAGR of 10.7%. and Experts and analysts rated Nissan's resilience measures and supply chain disruption management much superior to those of its competitors. and Resources for Supply Chain Management Leaders, Conferences for Supply Chain Management Leaders, technologies that can speed supply chain transformation. Process improvements. These disruptions can have a significant impact on organizational performance, cause reputational and financial damage, and threaten organizational viability. 2022Gartner, Inc. and/or its affiliates. Critical Capabilities: Analyze Products & Services, Digital IQ: Power of My Brand Positioning, Magic Quadrant: Market Analysis of Competitive Players, Product Decisions: Power Your Product Strategy, Cost Optimization: Drive Growth and Efficiency, Strategic Planning: Turn Strategy into Action, Connect with Peers on Your Mission-Critical Priorities, Peer Insights: Guide Decisions with Peer-Driven Insights. and Privacy Policy. Supply chain management market size worldwide 2020-2026 Published by Martin Placek Martin Placek Research expert covering transportation and electronics Get in touch with us now , Sep 28, 2022. The COVID-19 pandemic also fundamentally shifted the retail landscape, accelerating the need forretail supply chaintransformation. You'll learn to apply systems modelling. Privacy Policy. Excel spreadsheets dominate, providing limited analytics. Gartner analysts will provide additional analysis and information on supply chain trends at the Gartner Supply Chain Executive Conference taking place on September 20-21 inLondon. Gartner's Supply Chain Strategy Templateillustrates how the interconnected parts of an end-to-end supply chain interact. The annual spend increased to $15.85 billion, growing at 5.2% over 2019. And, this year, we introduced a Startup Award to . As supply chains continue to experience freight issues, the push for visibility only gets stronger. Other supply chain managers may focus on developing an integrated, end-to-end digital roadmap (see also What is a digital supply chain?). To learn more, visit gartner.com. SCM providers are already differentiating themselves from competitors and driving revenue growth by incorporating new digital business technologies, such as mobile,machine learning, in-memory technologies, multienterprise visibility and theInternet of Things (IoT), into their offerings. Overall, SaaS revenue growth is driven by a combination of factors: vendors moving to cloud-first or cloud-only deployment models, and end-user organizations becoming more comfortable with issues such as cloud security and appreciating the capabilities and innovation of leading-edge SaaS solutions. These include: Supply chain improvements, such as shorter order cycle times that provide customers with more timely service. You'll: gain a forward-looking perspective on the world of supply chain and logistics management. Showing financial improvements, such as growth in market share, revenue and return on assets or a reduction in working capital, is typically the most compelling way to demonstrate the success of analytics initiatives to business leaders. Moreover, the move to SaaS delivery shifts costs from capital expenditure (capex) to operational expenditure (opex), which makes investment in SCM technology more attractive to small and midsize businesses (SMBs) and organizations in emerging markets, therefore expanding the addressable market and increasing overall spending. In Stage 2 the aim is to measure performance and provide data for decision making in supply chain functions. Increasingly,logistics is integrated with customer fulfillmentas both together form the part of supply chain management most directly impacted by shifting customer expectations. Responding effectively to disruption and managing trade-offs between cost-efficiency and resilience will be key to thefuture of supply chainsas organizations strive to protect their brands and retain acompetitive edgewith customers. Manhattan Supply Chain vs Oracle Warehouse Management. But digital supply chains also need to serve a growing range of digital products and machine customers. Discover how Gartner helped a client execute a best-practice supply chain segmentation strategy in just three months, saving more than $850,000. Expand the network to include alternative qualified suppliers or secondary locations used by existing suppliers or add regional sources. Launched in 2022, the Visionary Award recognizes an organization that is taking supply chain management to the next level. Figure 1. ), but especially to digital twins. "Yet, 80% of organizations favor a cautious approach when it comes to adopting new supply chain applications and technologies." 2022Gartner, Inc. and/or its affiliates. Asupply chain networkcomprises the organizations and facilities that conduct supply chain activities from the upstream sourcing of components to the distribution of final products. Gartner Terms of Use Gartner argues that supply chain networks will need to integrate many trading partners within a broader (and less linear) ecosystem and at the same time, have to optimize the total surface area in the network to be resilient. Gartner argues that supply chain resilience can be achievedin six ways: Inventory and capacity buffers. By improving the quality of their decisions, supply chain managers create more value for the business, because executable plans use resources more effectively to support corporate goals. Supply chain management integrates, synchronizes and orchestrates all physical, financial and information flows that organizations and their value chain partners need to fulfill demand for their goods and services. Here are the five stages: In Stage 1 the goal is to use data to measure a single metric within a particular function, focused on after-the-fact performance. Research expert covering the consumer electronics industry. OMP has once again been recognized as a Leader in Supply Chain by Gartner. To gain valuable external perspective on supply chain, visitSCM World, a cross-industry community of the world's leading supply chain practitioners. Additional Company Information Registration No. and Title: Management Consulting Intern. This involves more than optimizing end-to-end supply chain processes; it also means adapting to and potentially transforming business and operating models. Leading supply chains develop and implement strategic roadmaps that align objectives and initiatives across functions and the enterprise. Supply Chain Management Industry 2022 View Trends, Analysis and Statistics. Get objective, actionable insights plus invitations to events. The overall market is expected to reach ~ US$ 62.6 Bn by 2031, growing at a CAGR of 11.4% for 2021 - 31. The lessons from these leaders are guiding the supply chain transformation needed to improve patient outcomes and control costs. Download Your S&OP Roadmap Unlock the five-stage roadmap to diagnose your S&OP maturity level Manufacturing Supply Network Design: Led $7MM budgeted project on restructuring of Skincare Olay Supply Chain for India Market by starting-up India SKU Portfolio Sourcing from TH Bangkok to. explore supply chain management strategy. Gartner for Supply Chain Management Leaders Gartner for Supply Chain Leaders Obtain actionable, objective insight for you and your team. ; . Product portfolio design. Sign up now. Powered by Microsoft Cloud, it offers agility, manufacturing productivity, real-time insights and predictive analytics using AI and IoT. Porter's five forces analysis illustrates the. By clicking the "" button, you are agreeing to the Critical Capabilities: Analyse Products & Services, Magic Quadrant: Market Analysis of Competitive Players, Product Decisions: Power Your Product Strategy, Cost Optimisation: Drive Growth and Efficiency, Strategic Planning: Turn Strategy into Action, Peer Insights: Choose IT Solutions with Confidence, Access proven management and technology research at any time, Receive one-on-one guidance from Gartner experts on your mission-critical priorities, Make confident decisions using our benchmarks and diagnostics, Connect directly with peers to discuss your key issues and common initiatives. To ensure resilience, supply chain leaders must balance the risks and costs across supply chain strategy, product and network design to ensure the system can function under stress and bounce back from disruption. Gartner is the world's leading information technology research and advisory company. Instead, use a disciplined framework to collaborate with key stakeholders across functions on end-to-end supply chain strategy development. About a quarter mile long (400 meters) and weighing in at 200,000 tons, the ship's sheer size overwhelms . Ask your admission counselor how you can reduce this cost with transfer credits or professional credentials. in Integrated Supply Chain Management program is offered fully online and its accelerated eight-week courses mean that you can complete your degree in as little as two years. By clicking the "Submit" button, you are agreeing to the Download the Future of Supply Chain eBook to discover the supply chain leaders new imperatives and get specific recommendations to reset supply chain strategy and operations. Gartner Terms of Use Design the manufacturing process using standard parts or platforms across a product range to simplify sourcing without losing the benefits of scale. By clicking the "Continue" button, you are agreeing to the Technology is especially critical to the future of digital supply chains and ecosystems, where innovation and collaboration drive competitive advantage. Supply chain management (SCM) has become an integral part of business processes. Growth in supply chain sustainability strategies are . (See also What is a supply chain network?). This year it is positioned as Leader in the 2021 Magic Quadrant for Supply Chain Planning Solutions (SCP) report*. I want to know more about: Mission-critical priority Gartner Mar 2022 - Present10 months San Francisco, California, United States Gartner, Inc. is the world's leading research and advisory company and a member of the S&P 500. Gartner supply chain benchmarking shows you where you stand and where you need to go on your journey to excellence in supply chain management. To capture the opportunities of digitalization, supply chain leaders must understand and prioritize thetechnologies that can speed supply chain transformation. STAMFORD, Conn., June 22, 2017 Gartner Says Supply Chain Management Market Will Exceed $13 Billion in 2017, Up 11 Percent from 2016 SCM Market to Reach $19 Billion by 2021 as SaaS Deployments Grow The supply chain management (SCM) market will exceed $13 billion in total software revenue by the end of 2017, up 11 percent from 2016. The Gartner Supply Chain Top 25 is the standard for supply chain excellence. These can be combined, like building blocks, in order to quickly develop and build new end-to-end supply chain solutions for any business requirement. It is on pace to exceed $19 billion by 2021, assoftware as a service (SaaS)enables new revenue opportunities. Supply chain teams use the Gartner Supply Chain Top 25 to benchmark their performance and make the business case for supply chain transformation. The rate and types of disruption have also increased, so supply chains can barely recover from one shock (such as a trade dispute) before being hit by another (such as a natural disaster). With so many different aspects coming together in supply chain management, how do you know which KPIs to focus on? Certain sets of technologies help organizations reach out to new customers or markets, for example, while also maturing the supply chain organization itself. Included in Full Research Table of Contents List of Tables Overview Gartner Recommended Reading 70% of supply chain leaders have not aligned their supply chain strategy with operational execution. What is the most-used tool for supply chain cybersecurity protection? What are the key elements of supply chain management? Benchmark your function's contribution to business strategy, analyze competitive benchmarking, and plot improvements to organizational structure, talent, technology and processes. By clicking the "" button, you are agreeing to the Measuring logistics performance, then, becomes a balancing act of delivering perfect order performance and maintaining sufficient resilience while optimizing the cost to do so or consistently and profitably delivering to meet customer expectations. Benchmark your function's contribution to business strategy, analyse competitive benchmarking and plot improvements to organisational structure, talent, technology and processes. Asupply chain ecosystemshares and combines capabilities among participants in the supply chain network and develops equitable relationships to generate and exchange value to all participants. As the supply chain is a complex, inter-related system, establishing key performance indicators (KPIs) enables an organisation to measure and monitor the supply chain process and improve efficiency. Thisdigital twincan reflect real-world activities and connections in near real time to improve planning and decision making. In 2022 and beyond, supply chain management strategy must account for ongoing and as-yet-unimagined disruption to global networks, operating models and stakeholder demands. We serve senior executives leading technology-driven strategic initiatives leveraging the power of Gartner's actionable, objective insight. Sign up now. Avery Dennison November 11, 2022 Expert Columnists Optimizing the Supply Chain to Lower Fuel Costs 2022Gartner, Inc. and/or its affiliates. Supply chain analyticsgenerate data-driven insights that can be descriptive (what is happening or has happened), diagnostic (the why), predictive (for future scenarios) and prescriptive (actionable insights). "Between 2017 and 2021, Gartner forecasts nearly $6 billion in total software revenue will be added to the SCM market," saidChad Eschinger, managing vice president at Gartner. You can follow news and updates from the events on Twitter using#GartnerSCC. Obtain objective, actionable insightsplus invitations to events. Gartner Terms of Use Advanced analytics may be deployed to achieve this balance. "Hybrid work and the relentless shift to cloud computing has accelerated SASE adoption," said Hewitt. Privacy Policy. and Supply Chain Management Market Size & Analysis Report by Component (Hardware, Software, and Services), By Deployment Mode (Cloud and On-Premises), By Organization Size (Small and Medium-sized enterprises and Large enterprises), By Vertical (Retail and Ecommerce, Healthcare, Manufacturing, Automotive, Transportation and Logistics, and Others), and By Region - Global Opportunities & Forecast . "Digitalizationis increasing demand for agility and forcing new business models, which is boosting spending in the SCM market.". Supply Chain Management (SCM) Market size was valued at USD 15.37 Billion in 2021 and is projected to reach USD 41.82 Billion by 2030, growing at a CAGR of 10.54% from 2022 to 2030. The growth is mainly due to the increasing demand for supply chain management software fueled by supply chain disruptions caused by the pandemic. Supply Chain Management Metrics | Gartner Top Supply Chain KPIs Identify supply chain KPIs for improving supply chain process As the supply chain is a complex, inter-related system, establishing key performance indicators (KPIs) enables an organisation to measure and monitor the supply chain process and improve efficiency. Gartner Supply Chain Score helped the VP, Supply Chain at Milliken & Company with diagnosing the maturity of their sales and operations planning process to drive greater efficiency and improve prioritization in supply chain management. (See also What is supply chain technology?). Supply chain risk management has typically relied on visibility, resilience and agility to improve the response to disruptions, but during the pandemic, volatility overwhelmed many such strategies. Gartner argues that a more effective supply chain management approach is to reduce the size of the risk target that the supply chain organization has become its surface area. Supply chains that do this are likely to experience less than one-third of the disruptions their response-focused peers experience. Nonetheless, Nissan took more than a month to resume production and more than 3 months to get back to pre-disaster production levels. How much? Optimize distribution networks. and Supply chain strategic plans that are based on detailed, function-specific, bottom-up analysis are time-consuming and often lose sight of the overall supply chain strategic ambition. Attend a free Gartner webinar on global supply chain management to hear from our experts and todays leading supply chain practitioners how to mitigate supply shortage risks, lower supply chain costs and achieve sustainability targets. About The Role. By clicking the "Submit" button, you are agreeing to the The demand for supply chain management solutions will accelerate with top 5 providers . LEA Reply is a cloud-native digital platform based on microservices.. When supply chains falter, economic activity and business results can suffer. But logistics must also account for todays more complicated product portfolios, challenging routes to market, growing network complexity anddisruptions to the supply chainoverall. "SASE allows users to connect to applications in a secure fashion and improves the efficiency of management. Logistics Management Group News Editor Jeff Berman recently caught up with Karl Siebrecht, CEO of Seattle-based Flexe, the programmatic logistics leader, delivering technology-powered, omnichannel logistics programs to the world's largest retailers and brands. Gartner helped a CPG Manufacturer accelerate its supply chain transformation initiative by executing best-practice supply chain segmentation. Gartner On this MSc, you'll learn to innovate and succeed in global supply chain and logistics. Supply chain leaders prepare for turns and lead by building agility into systems, processes and decision making. "Gartner research shows that supply chain leaders perceive technology primarily as a competitive advantage they focus on long-term value," says Christian Titze, Vice President Analyst, Gartner. Gartner Terms of Use To contain cost and improve efficiency, supply chain management has historically focused on lean and just-in-time principles, which means placing new orders only when inventory gets low. Gartner helped a Global Medical Device Manufacturer launch 13digital technology pilots, putting them six years ahead of schedule in their smart manufacturing strategy. An increase in advancements in industrial-grade digital technology, an increase in preference toward cloud-based supply chain management software, and the demand . Gartners checklist of top supply chain KPIs is designed to help you streamline the supply chain performance dashboard. Founded in 1979, Gartner is headquartered in Stamford, Connecticut, U.S.A., and has 4,900 associates, including 1,250 research analysts and consultants, and clients in 85 countries. The market is expected to grow from. Gartner monitors total representation, balancing the panel across geographies, companies, industries and functions, and reserves the right to accept or reject any offer to be a panelist. The SCM market forecast is made up of three categories:supply chain planning (SCP),supply chain execution (SCE)and procurement. Top Supply Chain Stories by Month 2021 It was an Eventful 12 Months, to Say the Least . March 1, 2021. Supply chain organizations aim toplanthe resources and capacity they will need to meet customer needs, while optimizing for cost, service, inventory, resilience, sustainability or other objectives. Rob van der Meulen A critical goal of supply chain management is to optimize the location of sites and the flow of products through this network to achieve the right balance of cost, customer experience, resilience and other objectives. The Future of Supply Chain eBook gives you a look into (1) five postpandemic changes for supply chain leaders to act on now, (2) a deep dive into the results of our Future of Supply Chain survey of 500+ global supply chain leaders, (3) a roadmap or next steps for supply chain transformation. and Optimize the sourcing network. About Gartner Supply Chain Executive Conference. Privacy Policy. Logistics costs include the costs to deliver, such as transportation and warehousing, staff productivity, process efficiency, inventory holding, assets, and resource utilization costs across the logistics network. Digital connections are key to ecosystems. amy.forni@gartner.com. Gartner has predicted that 50% of global product-centric businesses will invest in real-time visibility across their supply chain by 2023. Supply chain management must account for arange of risks, from those created internally, such as workforce and enterprise operational dynamics, to those created externally, such as social and demographic shifts, and environment and climate dynamics. The lessons from these leaders are guiding the supply chain transformation needed to improve patient outcomes and control costs. Discover the top health systems setting the standard in supply chain excellence. Hybrid SCM environments with coexisting cloud and on-premises applications are becoming more commonplace, with information hubs and supplier networks dominating the move to cloud. The current estimation of 2030 is projected to be higher than pre-COVID-19 estimates. Some organizations are also creating a digital supply chain a digital representation of their real-world supply chain built from granular data. By clicking the "Begin Download" button, you are agreeing to the Our innovative approach leverages APIs and is integrated with the customer's software environment at the single-service . European Languages - Different locations . What role do logistics play in supply chain management? Critical Capabilities: Analyse Products & Services, Magic Quadrant: Market Analysis of Competitive Players, Product Decisions: Power Your Product Strategy, Cost Optimisation: Drive Growth and Efficiency, Strategic Planning: Turn Strategy into Action, Peer Insights: Choose IT Solutions with Confidence. The network may therefore include locations and product flows across a single or multiple entities. The report, published February 2021, examines the . As the transportation and logistics industry emerges from the global COVID-19 pandemic and the pain it inflicted on the supply chain, we now face new challenges and an uncertain economy in the coming year. Privacy Policy. In evolving to become innovative and responsive to customer needs, most supply chains also increased massively in size, complexity and globality. Gartner, Inc. (NYSE: IT) delivers actionable, objective insight to executives and their teams. Following are six trends we can expect to see in 2023. Achieve agility with nearshoring or regional strategies that add suppliers or factories in new locations, and conduct make vs. buy evaluations. Automateyour 3PL, supplier, and partner audits, Staffcybersecurity and AI experts in your supply chain, Gartner Supply Chain Score helped the VP, Supply Chain at Milliken & Company with diagnosing the maturity of their sales and operations planning process to, Gartner helped a CPG Manufacturer save $22 million in inventory costs by, Gartner helped a CPG Manufacturer accelerate its supply chain transformation initiative by, Global supply chain management strategies & solutions from Gartner helped a chief supply chain officer with, Critical Capabilities: Analyze Products & Services, Digital IQ: Power of My Brand Positioning, Magic Quadrant: Market Analysis of Competitive Players, Product Decisions: Power Your Product Strategy, Cost Optimization: Drive Growth and Efficiency, Strategic Planning: Turn Strategy into Action, Connect with Peers on Your Mission-Critical Priorities, Peer Insights: Guide Decisions with Peer-Driven Insights, Supply Chain Customer Fulfillment & Collaboration, Digital Supply Chain Operations and Technology Solutions, Supply Chain Logistics Management and Leadership Strategy, Supply Chain Manufacturing Operations & Strategy, Supply Chain Sourcing and Procurement Leaders, Download the supply chain cybersecurity report, Supply Chain Technology Strategy and Selection, Access proven management and technology research anytime, Get one-on-one guidance from Gartner experts on your mission-critical priorities, Make confident decisions using our benchmarks and diagnostics, Connect directly with peers to discuss your key issues and common initiatives. 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World becomes, the push for visibility only gets stronger some organizations are also creating a digital representation their., how do you know which KPIs to focus on roadmaps that align objectives and initiatives across functions and enterprise. Network? ) especially during disruption especially during disruption secure fashion and improves efficiency. And IoT are essential to all supply chain cybersecurity reportto: Join your peers for the of... Chain Stories by month 2021 it was an Eventful 12 months, to say Least. Next level, assoftware as a Leader in the 2021 Magic Quadrant for supply chain 25. Inc. and/or its affiliates single or multiple entities as conditions dictate, Analysis and Statistics and costs... Technology? ) e.g., What will I sell strategies that add suppliers or factories new. Financial competency of the program is $ 23,595 * activity and business results can suffer you which! 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