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Terms used in Supply Chains give the wrong perception

New terms and perceptions The disciplines that engage with supply chains receive a continual upgrade to their vocabulary. New terms are added and promoted without much thought about their meaning and more importantly about perceptions by executives at the peripheral of supply chains. An example has been the recent use of the term Command and Control in relation to obtaining … Read More

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New terms and perceptions

The disciplines that engage with supply chains receive a continual upgrade to their vocabulary. New terms are added and promoted without much thought about their meaning and more importantly about perceptions by executives at the peripheral of supply chains.

An example has been the recent use of the term Command and Control in relation to obtaining Visibility through supply chains. What would be your reaction be if told to use ‘Command and Control for end to end visibility through the supply chain’? The reaction from Learn About Logistics is to ask the speaker for an explanation of what the sentence actually means.

Meaning of terms in the statement

Command and Control is a function of ‘top down’ organisation structures, such as the military and organised religions, (e.g. the Catholic church). The main features are a vertical ‘chain of command’, with stated authority and responsibility for discipline. There are defined policies, procedures and processes which articulate why and how an action shall be done. When a supply chain organisation is structured as Command and Control, it tends to be inflexible, rigid in procedures and unresponsive to customers and suppliers.

The ideal Supply Chain organisation has a horizontal structure that aligns the Supply Chain group (Procurement, Operations Planning and Logistics) with the flows of items, money, information and data. It is easier for a horizontal structure to be flexible and pre-empt or respond to changes in the supply network. However, ‘flexible’ and ‘agile’ does not mean a ‘free for all’. Controls are exercised at the point in the process which separates satisfying customer orders from planning operations. This is the point at which customer orders are accepted and reserved; final product specifications are defined and the last point from which inventory is released. 

End to End: From where to where are the ‘ends’? The diagram below illustrates an organisation’s ‘core’ supply chain. This is the extent of knowledge about supply chains used by the great majority of organisations and is their actual ‘end to end’. However, the ‘extended’ supply chains extend from the tier 1 suppliers and customers to their suppliers and customers and so on to the farms and mines from where raw materials are obtained. They have their own supply chains for inputs to operations. At the other end are the places at which the end users purchases the item. So, where are the two ‘ends’?

Supply Chain – the Core

Also, within your organisation’s core supply chains, are contract manufacturers and Logistics Services Providers (LSPs), which are defined in the table below. These businesses have their supply chains, from which a disruption may affect a shipper.

LSPs in a shipper's Supply Network

Within the ‘goods movement services’ group are ports. A recent report identified that a very high percentage of global tier 2 ports do not have capable systems and communication facilities for transmitting data about ship and cargo movements.

Within the ‘materials business services’ group are suppliers of ‘materials handling support services’ – pallets, wrapping, strapping etc. For pallets, the expectation is that when a business requires additional pallets they can be purchased or hired – that is, until they are not available! A recent media report noted that in the US, the price of wooden pallets has risen 400 percent and availability is tight, such that suppliers are unable to complete additional orders at the peak of agricultural harvest. The cause is attributed to both demand and supply factors.

As pallets are unlikely to be included in a Bill of Materials (BOM), prospects for their supply would not be known until the disruptions actually happen. So, does ‘end to end’ have another ‘end’ within LSPs?

Supply Chain Visibility: This is the capability to locate an order or an item’s in-transit location within a supply chain, ideally in close to ‘real-time’; achieved through IT technologies that enable ‘track and trace’ of orders and items. The capability to track a parcel is established. To ‘trace’ an item (Supply Chain Traceability) is to establish the item’s provenance through its supply chain. That is, substantiating and recording claims made about an item, concerning such aspects as its origin, material properties and types of labour used.

An earlier blogpost discussed the two aspects of Visibility – to ‘see’ (i.e. track) and to ‘map’. Supply Chain Mapping identifies the flow of items, money, information and data through the nodes and links of each supply chain within an organisation’s Supply Network. It incorporates Supply Market Intelligence (SMI); the process of creating a supplier capability for each supplier and their markets, including the extent of power or dependency. Mapping is a continuous process, as additional details that enhance understanding are obtained.

Also associated with visibility is Supply Chain Transparency. This refers to whether and then how an organisation will disclose information concerning its supply chains (including sourcing) to relevant parties, including customers. The extent of an organisation’s Transparency is defined by: what data will be supplied and in which format; to whom will it be given; under what circumstances; when or how often and using which technology.

Within each shipper organisation is Operational Visibility: This is the capability to provide Visibility within their operations to identify the status of any order or item. This may involve an interconnected IT network of commercial and technical systems that have Industrial Internet of Things (IIoT) sensors monitoring machines, as discussed in a previous blogpost.

Supply Chains and Networks

The supply chain, which is a singular term, is often used, for reasons unknown, to denote the plural. An organisation will typically have more than one supply chain, therefore the term used should be supply chains. When discussing an organisation’s supply chains, the better term is supply network. This recognises that a supply network is part of a larger ‘complex adaptive system’ (CAS), that adapts and organizes itself without a single entity managing or controlling. Researchers have identified that an organisation’s supply network is not a system that can be planned, managed and controlled.

While all businesses would like to have total Visibility of their supply network, this ultimate goal will not happen soon, if ever. However, any delay provides opportunities for organisations to address the challenges within their own organisation that hinder the adoption of Visibility. These include the lack of co-operation, co-ordination and collaboration within organisations to ensure an achievable supply chain plan; ineffective use of data and information; the lack of synergy between IT applications and the inability to predict and prepare for risks in supply chains.

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Saylor Compares BTC to Early Apple: ‘No One Can Stop, and Few Understand’

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MicroStrategy CEO Michael Saylor has compared his early backing of Apple to that of bitcoin, calling the crypto “a dominant monetary network that everyone needs.”

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The bitcoin maximalist recently tweeted about an old video that surfaced. The video features Saylor talking about Apple and how bullish he was on the company back during the iPhone 5. Saylor commented in the video, saying “I would be very long on that company, whoever is selling that stock must be a moron.”

Saylor commented on the old video, this time relating his opinion to BTC. The founder of MicroStrategy, a company that provides business intelligence, mobile software, and cloud-based services, made references to early Apple growth and bitcoin. 

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In a tweet, he said “Apple was a dominant mobile network that everyone needed, no one could stop, and few understood. Bitcoin is a dominant monetary network that everyone needs, no one can stop, and few understand.”

MicroStrategy bullish on BTC 

Saylor and his company have been extremely bullish on BTC in recent months. Earlier this week, MicroStrategy announced that it would be selling $1 billion in stock to purchase more bitcoin. Saylor also joined the newly launched Bitcoin Mining Council which will look at how to make bitcoin mining more energy efficient in the future. 

The company has also recently sold $500 million in secured notes to raise funds to purchase more bitcoin. The company currently holds well over 90,000 BTC in its reserves, totaling more than $3 billion with no plans on slowing down anytime soon. However Saylor has previously stated that the entities he controls hold 111,000 bitcoin. 

The bitcoin maximalist has no plans on selling any bitcoin anytime soon. 

Speaking at the Parallel Summit 2021 earlier this week, Saylor also commented further on bitcoin, saying “I don’t think there’s any other asset where every intelligent person who understands it, decides to do everything they can to make it more valuable.” 

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All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

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Ryan is a Fintech specialist with a passion for cryptocurrencies and blockchain adoption. A keen trader and investor in the market since 2016, he enjoys keeping up to date with the latest developments within the industry while finding the next 100x altcoin.

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Source: https://beincrypto.com/saylor-compares-btc-to-early-apple-no-one-can-stop-and-few-understand/

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Bitcoin Price Showing Bearish Downtrend Despite On-chain Metrics Indicating Favorable Network Conditions

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The price of Bitcoin (BTC) has continued to drop as the premier cryptocurrency stays afloat a price well below its 7-day high of $41,295.27. At present, BTC is down 5.21% to $35,952.61 according to CoinMarketCap, a bearish positioning that negates the current favorable conditions of the Bitcoin blockchain. Since the price of Bitcoin began retracing from its All-Time High price above $64,000, the market trend has witnessed a more passive engagement from retail investors across the board.

This low activity rate is made more evident as Glassnode data showed that the cumulative or total fees paid on transactions in the network have attained their lowest level of 1.390 BTC in the past one year per a 7-Day Moving Average estimate. Based on a similar trend, the lower fees indicate a lack of congestion by users in the blockchain. 

This trend has its inherent impacts which are both negative and positive. On the negative end, the overall price of Bitcoin is kept low as inconsistent transactions and lack of buy-ups that stir a bullish run is absent. The positivity is best targeted at users as sending funds is now relatively cheaper, and more attractive.

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Investors Back US Traditional Markets: Impact on Bitcoin

Traditional market investors have pumped more than $756 billion in the daily reverse repurchase operation, a move that came after the Federal Reserve boosted interest rates for the traditional market offering. 

Following the meeting of the Financial Open Market Committee (FOMC) held last Wednesday, the interest rate for overnight repurchase agreement was adjusted to 0.05%, better than the 0% it has been, and the interest rate it pays banks on reserves held at the U.S. central bank was also boosted to 0.15%. These increments influenced the recorded inflows.

In tandem, the United States Dollar appreciated against other currencies on Friday, rising 92.70 against top fiat currencies. This may also account for the unrelenting sell-offs in the Bitcoin markets, as an appreciated Dollar is a cogent advantage for the market bears.

Economic policies from market watchdogs have an overbearing impact on Bitcoin and the cryptocurrency ecosystem as a whole. While many market proponents and bulls anticipate a resurgence in price amidst growing fundamentals, the current performance of Bitcoin does not discount the favorable nature of the network at present.

Disclaimer
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
About Author
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on Twitter, Linkedin

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Decentral Games Announces $5M Capital Raise With New Partners

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Metaverse casino Decentral Games has announced its latest multimillion-dollar capital raise, owing to some brand-new partnerships

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The decentralized app (dApp) ecosystem revealed in a post, published on their website on June 18, that they had completed a $5 million capital raise. With their statement, they welcomed new partners across the globe. More specifically, they have forged official partnerships with crypto investment firms and networks such as Collab+Currency, Genesis Block Ventures, Cluster Capital, and AU21 Capital. ID Theory, a crypto-asset investment firm based in London, have also partnered with them.

In addition, Swiss venture capital firm Bitscale Capital, as well as Metaverse Ventures, a subsidiary of Digital Currency Group, are also on the list.

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The company stated that the additional capital will go towards bolstering its team in the product development and marketing departments. They noted that, to keep up with community demand, Decentral Games’ team had already increased from 10 to 43 employees.

Decentral Games also revealed they will use some of the money to accelerate development of additional features and future crypto-enabled games. The company named DG Poker, DG multi-table Tournament Poker, and DG CyberSakura Slots as examples.

The company also took to its official Twitter to release a 10-tweet thread, summarizing the highlights of this latest investment. They also elaborated on their growth, in line with that of their community. One tweet read:

“Since launching the $DG token and games on mainnet in December 2020, betting volumes have increased quarter over quarter and recently eclipsed a landmark $70 million. The DG DAO [decentralized autonomous organization] treasury remains well capitalized with over $8 million in assets.”

They noted their revenue, to date, was primarily made up of gameplay proceeds. Plus Polygon node staking rewards and sales of wearable non-fungible tokens (NFTs).

Existing partner send congratulations

One of Decentral Games’ biggest moves this year is their partnership with video game giant Atari. They announced their collaboration back in March, which was to launch a cryptocurrency casino. 

Atari sent Decentral Games a congratulatory message via the Atari Token (ATRI) official Twitter account.

The Atari Casino takes up a 20-parcel estate in the casino quarter of Vegas City on Decentraland. It launched with a virtual party at the end of April, featuring DJ Dillon Francis. The musician also collaborated with a visual artist to create three special NFTs, all inspired by Gerald the Piñata. They were auctioned off as part of the casino’s launch.

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All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

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Dale Hurst is a journalist, presenter, and novelist. Before joining the Be In Crypto team, he was an editor and senior journalist at a news, lifestyle and human-interest magazine in the UK. Cryptocurrency was one of the first subjects he specialized in when first going freelance in 2018, reviewing exchanges and analysing lawsuits.

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Source: https://beincrypto.com/decentral-games-announces-5m-capital-raise-with-new-partners/

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