SCMDOJO

FEBRUARY 19, 2024

Over the years, various methodologies have emerged to address this need, including lean manufacturing, Six Sigma, and the integration of both known as Lean Six Sigma (LSS). – Operational improvements (reduction of lead time, increase in productivity, and reduction in work-in-process inventory, etc.). Hoerl, R.W.,

Six Sigma 98

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Unleashed

APRIL 20, 2020

The last global recession was in 2008, leading some economists to believe the next one is overdue. The health of manufacturers is a good indicator of the health of the economy. To measure this, we turn to the Purchasing Managers Index (PMI). To measure this, we turn to the Purchasing Managers Index (PMI). in February.

Agile and Lean Supply Chain 81

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Supply Chain Matters

JANUARY 6, 2023

Since our inception in 2008, The Ferrari Consulting and Research Group has annually published a series of supply chain management focused predictions. Global manufacturing activity as depicted by the J. Morgan Manufacturing PMI® which began 2022 at an expansionary conditions value of 54.2, Background. a 30-month low.

Predictive Analytics Software 98

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Logistics Viewpoints

FEBRUARY 25, 2022

Given low inventories and dwindling spare capacity, the oil market cannot afford large supply disruptions,” said UBS analyst Giovanni Staunovo in a Reuters article. These rising prices can cut into the profits of manufacturers, distributors, and retailers who are reliant on this form of energy for powering their facilities.

Price Reduction 229

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Kinaxis

DECEMBER 12, 2014

by John Westerveld Over the years, working for and with numerous manufacturing companies, I’ve seen many supply chain practices that cost companies money. Reason #6 Not effectively managing inventory. A bad decision can result in missed orders, significant inventory, or scrapped materials.

Supply Chain Planning Software 240

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Jaggaer

JANUARY 28, 2019

As we’ve explored in our last two blog posts, economists are predicting a decline in global economic growth due to policy and trade issues both in the United States and the European Union , bringing an increased risk to supply chains and procurement organizations.

Manufacturing Procurement 40

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Logistics Viewpoints

JULY 9, 2021

Prime Minister Yoshihide Suga said it was essential to prevent Tokyo, where the highly infectious Delta COVID-19 variant was spreading, from becoming the source of another wave of infections. Restaurants, bars find suppliers’ inventories are running dry. As a result, the Olympics will take place without spectators.

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Enterra Insights

APRIL 13, 2023

But for anyone harking back to the last major recession in 2008, the stakes are far different this time around for consumers and retailers.”[4] ”[4] On a more positive note, Lacy points out that retailers are better equipped to deal with a downturn than they were in 2008. The reason, she explains, is digital technology.

Retail 130

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RFgen

JANUARY 16, 2019

As inventory volumes increase, warehouses still using traditional manual-entry processes are at risk of becoming overwhelmed. Too many warehouses continue to use outdated inventory management processes for handling large quantities of material. Manufacturing date. Inventory status. Part numbers. Serial numbers.

Inventory Management Software 52

Inventory Management Software Inventory Management Inventory Reduction Warehousing 52

QAD

JUNE 8, 2021

The Guardian stated : “The technology industry faces a growing shortage of semiconductors and other high-tech components following a failure to invest in new manufacturing facilities during the recession, experts have warned.” Insufficient inventory visibility throughout the supply chain. Are We Really Learning from Our Mistakes?

Supply Chain Software 98

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Supply Chain Shaman

MARCH 28, 2016

The average manufacturing company’s supply chain organization is 15 years old. In our analysis, only one out of ten companies successfully improves operating margins and inventory turns at the same time. The period of 2007-2008 was the great recession. Historically, the traditional supply chain focused on improving costs.

Pharmaceutical 195

Pharmaceutical Metrics Manufacturing Procurement Supply Chain Planning Software 195

QAD

NOVEMBER 12, 2019

In a world where the future could go in so many different directions, how are auto manufacturers to survive, let alone thrive? And just as OEM auto manufacturers are partnering to get ahead, automotive suppliers are doing the same. The good news is that there are things companies can do to adapt. Partner Up to Share the Risk.

Automotive 111

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Supply Chain Opz

JANUARY 29, 2020

Therefore, the challenge to establish the ranking method is to find a more economical data source and the unbiased metrics. Books We Recommend - Purchasing Book - Six Sigma Books - Operations Management Book - Inventory Control Book - Lean Books - International Business Book Last review and update: January 30, 2020

Agile and Lean Supply Chain 100

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Enterra Insights

MAY 6, 2020

Demand has been ravaged, there have been extensive disruptions to manufacturing supply chains, and a financial crisis is already underway.” This year’s fall in output would be far more severe than the last recession, when the world economy contracted by less than 1 percent between 2008 and 2009.”

Agile and Lean Supply Chain 100

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Arkieva

AUGUST 8, 2016

A new study by the SupplyChainDigest analyzing the main components of working capital: Days Sales Outstanding (DSO), Days Inventory Outstanding (DIO), and Days Payables Outstanding (DPO) revealed an uptick in DIO. New Study Shows a Rise in US Company Inventories. Source: Commerce Dept. Source: SupplyChainDigest.

Sourcing Strategies 60

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Supply Chain Matters

JUNE 21, 2022

Since the inception of this blog in 2008, Supply Chain Matters has provided perspectives and takeaway thoughts from each annual report. GDP level, and a level not seen since 2008. Our perspectives stem from an outside-in end-to-end business process, management and cost adsorption lens vs. that reflected by logistics industry media.

Logistics Network Optimization Software 52

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Vinculum

AUGUST 30, 2022

Such a process helps manage accounts, inventory, supply chain, project management, operations, and other relatable processes to run the business significantly. Epicor deals in providing Manufacturing solutions. As per the report, manufacturing companies top the list for accessing ERP software. It provides two industry-.

Malaysia 52

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NC State SCRC

APRIL 3, 2019

The type of contract of interest in this report is for Development and Manufacture contracts in the Aerospace and Defense industries. The subcontract efforts feature the majority of military and part of commercial aviation, systems are outsourced by the overall airframe manufacturer, known as “primes” (Boeing, Airbus, Sikorski, etc.)

Aerospace 40

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Supply Chain Matters

SEPTEMBER 23, 2023

In this second Supply Chain Matters reader update, we highlight the ongoing supply chain and manufacturing implications of the labor strike involving the three U.S. Today, China based EV automakers and suppliers have notable cost advantages in materials sourcing, production and labor costs. unionized auto companies. Thus, some U.S.

Negotiating Skills 59

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The Logistics & Supply Chain Management Society

FEBRUARY 15, 2021

It starts back in 2008. From February to May ocean carriers blanked a record number of sailings on China-US lanes – first as China’s manufacturing was closed and then as COVID-19 impacted the US economy. Businesses whose inventories ran down slowly since March started restocking. And it can be fixed.

Purchasing Skills 217

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Freightos

SEPTEMBER 8, 2020

It starts back in 2008. . From February to May ocean carriers blanked a record number of sailings on China-US lanes – first as China’s manufacturing was closed and then as COVID-19 impacted the US economy. . Businesses whose inventories ran down slowly since March started restocking. And it can be fixed. It worked. .

Purchasing Skills 218

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Ware2Go

APRIL 5, 2022

Merchants can ensure that they are getting the most efficient final mile delivery by adopting a distributed fulfillment network in order to store their inventory as close as possible to their end customers. According to a new survey by UPS Capital, 74% of consumers expect accurate tracking information for online purchases.

Logistics Network Optimization Software 98

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Supply Chain Insights

JUNE 30, 2017

Not soon afterward, independent research companies like Vision Chain/Orchestro (now e2Open), R3, Retail Velocity and Retail Solutions, Inc (RSi) began acquiring direct POS data from hundreds of retailers and reselling the data to the consumer products manufacturers. These are aptly named Demand Signal Repositories or “DSR’s.”

Supply Chain Planning Software 110

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Unleashed

APRIL 1, 2020

This coronavirus-induced downturn is unlike the 2008 recession, where the economy was active but the credit markets were frozen, as Vox’s editor-at-large Ezra Klein points out. Review existing inventory management systems. Review existing inventory management systems. Focus on inventory management. Invest in technology.

Material Savings 106

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Supply Chain Matters

OCTOBER 5, 2022

Supply Chain Matters provides a side panel supplementary update to our prior posted blog highlighting the latest reported September and Q3 global and regional PMI indices that indicate manufacturing contraction has begun. © Copyright 2022, The Ferrari Consulting and Research Group and the Supply Chain Matters® blog.

Price Reduction 52

Price Reduction Inventory Reduction Global Forecasting 52

Kinaxis

APRIL 28, 2017

The 2008 downturn hit suppliers extremely hard, putting some out of business. Components sourced in one region are being consumed by demands in other regions. If you’re building products customers don’t want, you have money tied up in inventory and marketing programs, and have to work harder to try to move vehicles.

Capacity 200

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AFFLINK

FEBRUARY 15, 2017

The cost of recovery from a disruption in procurement management depends on factors such as supply source, volume, manufacturing location and inventory. Supply chains that rely on a single source are now more likely to experience disruptions. Quantifying by Spend. Rushing the Launch of New Systems and Protocols.

Optimal Sourcing 74

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BlueYonder

APRIL 13, 2020

The housing bubble pop and the subsequent recession in 2008/2009 caused a demand-side slowdown that was novel for most folks, but retail spending only slowed by about 10% and unemployment topped out around 8.5%. There will be a leaning towards carrying more inventory at multiple nodes in the supply chain for at least the next year.

Agile and Lean Supply Chain 65

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Resilinc

FEBRUARY 22, 2021

A common challenge for procurement and supply chain professionals is obtaining support from C-level leaders to invest in a robust supply chain risk management (SCRM) program. Collaborate with stakeholders in finance, sales, manufacturing, etc., Anticipate and answer objections. Perceived high costs and conflicting objectives.

Supply Chain Risk Management 62

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Supply Chain Shaman

FEBRUARY 18, 2013

Pharmaceutical companies are struggling with falling margins and rising inventories. Over the last decade, neither the pharmaceutical nor medical device manufacturer has been able to drive the revenue/employee productivity gains of their comparative peer groups. It is rising inventory levels. Current State: Costs are rising.

Pharmaceutical 170

Pharmaceutical Supply Chain Network Software Eliminating Excel in Purchasing Procurement Analytics 170

Arkieva

APRIL 1, 2016

If I look at retailers it is still common to have private label suppliers stuffed with inventory, central or regional DC’s stuffed with inventory and shops stuffed with inventories. I was lucky to pursue a Phd in multi-echelon inventory optimization. We all demand high service levels from one step to the next.

Supply Chain Planning Software 60

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Resilinc

JANUARY 18, 2022

Toyota’s competitive edge in supply chains was developed over a decade as it focused more on risk management and security of supply and less on efficiency and minimizing inventory costs. Wolfsburg, Lower Saxony, Germany is Volkswagen’s HQ and site of a massive manufacturing complex.). Recession and Fukushima prompt focus on resiliency.

Supply Chain Visibility 62

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Resilinc

JANUARY 17, 2022

Toyota’s competitive edge in supply chains was developed over a decade as it focused more on risk management and security of supply and less on efficiency and minimizing inventory costs. Wolfsburg, Lower Saxony, Germany is Volkswagen’s HQ and site of a massive manufacturing complex.). Recession and Fukushima prompt focus on resiliency.

Inventory Reduction 62

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6 River Systems

JUNE 10, 2019

“It sort of depends upon what we are purchasing from the supplier as to the approach we should take…” Commodity Strategic The first level, for components or typical commodity type products, we will at least want to perform a supplier evaluation of some sort. Some strategies for an excellent supply chain are: 1.

Sourcing Strategies 88

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Supply Chain Matters

OCTOBER 20, 2023

They further added to growing concerns that consumers have moderated on their desires to purchase an all-electric vehicle. The industry’s news cycle has pointed to increasing inventories of unsold EV ’s at dealer lots. Continuing vehicle price cuts across the board have taken a toll without corresponding manufacturing cost decreases.

Price Reduction 52

Price Reduction Cost Reduction Strategies Inventory Reduction Purchasing Skills 52

Supply Chain Shaman

DECEMBER 4, 2018

For the past five years, the team at Supply Chain Insights identified Supply Chains to Admire Award Winners by analyzing performance by peer group on the key metrics of growth, operating margin, inventory turns and Return on Invested Capital (ROIC). At Rockwell this includes all processes end-to-end except for manufacturing.

Supply Chain Software 34

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EMERGE App

DECEMBER 18, 2018

They range from small-batch soap manufacturing to the distribution of sports car parts. The rise of China in the past decade coincided with a global economic boom after the financial crisis of 2007-2008. It firmly cemented China as the world’s manufacturing hub. The Rise and Rise of China. So, the inevitable will happen.

Distribution 74

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