The Logistics & Supply Chain Management Society

SEPTEMBER 25, 2020

The GCC chemical industry is second largest manufacturing industry in value add, after refining. 2017 Facts and Figures report by Gulf Petrochemicals and Chemicals Association (GPCA), the chemical industry accounts for 3.1 Following COVID-19 the global chemical supply chain market reported a severe decline in output.

Chemicals 113

Chemicals Saudi Arabia Cost Reduction Strategies Inventory Reduction 113

Logistics Viewpoints

JANUARY 31, 2023

Thankfully, there are quite a few opportunities within the supply chain that can accomplish both objectives – such as optimizing transportation routes, streamlining inventories, and switching modes of transportation to more sustainable kinds. Instead organizations will prioritize sustainability improvements that will also yield cost savings.

Predictive Analytics Software 314

Predictive Analytics Software Supply Chain Software Supply Chain Optimization Agile and Lean Supply Chain 314

Supply Chain Shaman

JUNE 29, 2022

I am the most worried about the chemical sector. In the sector, the bullwhip impact is high, the inflationary pressures of crude oil prices immense, the variability from energy outages painful, and inventories relatively low. All value chains are dependent in some shape or form on the chemical industry. What can be done?

Supply Chain Design Software 259

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Pricing Training 259

Logistics Viewpoints

JANUARY 13, 2022

Understanding and assessing the tradeoffs between the costs of labor, inventory, transportation, and carbon footprint while going through these pivots will be crucial. in chemical engineering from the University of Florida and his bachelor’s degree in chemical engineering from the Indian Institute of Technology at Madras.

Supply Chain Design Software 312

Supply Chain Design Software Predictive Analytics Software Supply Chain Planning Software Supply Chain Software 312

RFgen

JANUARY 16, 2025

That’s where manufacturing inventory management software comes in. In this ultimate guide, we’ll break down everything you need to know about manufacturing inventory management software. Its your single source of truth for inventory, constantly updated and readily available.

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Supply Chain Planning Software Optimization Software 52

Supply Chain Shaman

OCTOBER 29, 2020

Inventory, in this time of uncertainty, is the organization’s most important buffer to protect against variability. However, organizations are not good at managing inventory. Cash-to-cash is a compound metric: (Days of Receivables+Days of Inventory)-Days of Payables=Cash Conversion Cycle. Inventory.

Optimal Sourcing 242

Optimal Sourcing Supply Chain Design Software Waste Reduction Inventory Reduction 242

Logistics Viewpoints

DECEMBER 12, 2022

In September of 2020, the company hired Jeff Baker to be their Vice President of Procurement and Integrated Supply Chain. Mr. Baker spent over 34 years leading procurement teams at The Dow Chemical Company. Typically, supply chain planning drives significant reductions in inventory. I’m trying to get ahead of that.

Supply Chain Planning Software 264

Supply Chain Planning Software Supply Chain Planning Procurement Solutions Scenario Planning 264

Logistics Viewpoints

MARCH 29, 2021

Run” will include using the platform for inventory optimization and to support interesting internet-of-things (IoT) and artificial intelligence (AI) projects. Refractories are products that have been chemically engineered to resist high temperatures. HWI employed a crawl-walk-run methodology. HarbisonWalker has over 1300 employees.

Optimal Sourcing 209

Optimal Sourcing Innovation Manufacturing Procurement Supply Chain Planning Software 209

Supply Chain Shaman

NOVEMBER 15, 2021

Inventories in the chemical industry are at record lows: a forerunner of bad days ahead. The health of all sectors is dependent on the chemical industry.) Especially grievous are the gaps between finance and operations, manufacturing and procurement, and the operations and commercial teams. Time For Action.

Supply Chain Design Software 195

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Supply and Demand 195

Supply Chain Shaman

NOVEMBER 15, 2021

Inventories in the chemical industry are at record lows: a forerunner of bad days ahead. The health of all sectors is dependent on the chemical industry.) Especially grievous are the gaps between finance and operations, manufacturing and procurement, and the operations and commercial teams. Time For Action.

Supply Chain Design Software 195

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Supply and Demand 195

Talking Logistics

MARCH 9, 2017

In a study conducted by Accenture in 2015 of chemical companies, results showed that 94 percent expect to boost their investment in digital capabilities in the next three years to embrace a competitive advantage. Historically, chemical companies buy from and sell to nearly every industry in the world, adding special demands for connectivity.

Supply Chain Network Software 152

Supply Chain Network Software Supply Chain Software Network Optimization Supply Chain Optimization 152

Unleashed

MARCH 9, 2021

What is procurement? In simple terms business procurement is the process of locating and acquiring goods and services from external sources for the business to use. Procurement activities include planning, sourcing, and negotiation, along with risk management, legal and value analysis. Procurement in 2021 and beyond.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104

Logistics Viewpoints

APRIL 8, 2022

With more consumers pushing for supply chain transparency, Chipotle will be testing out RFID tags at its Chicago distribution center and at 200 Chicago stores to improve the traceability of its inventory systems. At the same time, the number of suppliers in China that received procurement bids declined by 9 percent in 2021.

Logistics Network Optimization Software 264

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Network Software Demand Planning Software 264

Supply Chain Opz

NOVEMBER 9, 2014

Research from APQC’s Open Standards Benchmarking in procurement shows that organizations without formal SRM programs report 121 percent longer supplier lead times. Reducing lead times from suppliers can help turn inventory faster, freeing up cash and ultimately satisfying customers. These are three examples: Rule 3.1:

Waste Reduction 274

Waste Reduction Supply Chain Planning Software Cost Reduction Strategies Inventory Reduction 274

Supply Chain Shaman

MAY 14, 2013

Consumer Packaged Goods (CPG) and chemical companies are close behind, but they are having difficulty “taking the hill.” When companies look at singular metrics (labor costs or inventory), they have moved backwards. Which industry sector can we learn from?” There is no substitute for leadership.

Supply Chain Design Software 256

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Supply Chain Design 256

Supply Chain Shaman

JANUARY 8, 2014

He is responsible for manufacturing, procurement, supply chain planning, logistics, quality, social responsibility and final product engineering. Prior to joining Starbucks, he worked at the executive leadership level in Europe, Latin America and North America at ICI, a global chemical company.

Procurement Analytics 261

Procurement Analytics Manufacturing Procurement Metrics Procurement Solutions 261

Supply Chain Shaman

JUNE 14, 2018

Today, over 90% of companies have deployed ERP and APS, but as shown in Table 1, inventory levels have grown not decreased in over 80% of industries studied. And, while inventories in automotive have decreased slightly, this progress is primarily due to the shifting of inventory back to suppliers versus overall value chain improvement.

Optimal Sourcing 173

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Agile and Lean Supply Chain 173

Supply Chain Shaman

FEBRUARY 18, 2013

Pharmaceutical companies are struggling with falling margins and rising inventories. In our work with pharmaceutical companies, most executives wince when we mention inventories. However, most do not realize that the Days of Inventory for the industry has grown 33%. It is rising inventory levels. What Can We Do?

Pharmaceutical 170

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

Supply Chain Shaman

JULY 30, 2022

However, two decades later, there is still no technology solution to enable demand visibility or help companies use channel data to translate demand into an inventory, replenishment, or manufacturing strategy. The decline in inventory turns uses cash. I pulled up my covers to go to sleep four hours later. My question is, “Why?”

Supply Chain Design Software 195

Supply Chain Design Software Supply and Demand Data Supply Chain Planning Software 195

GlobalTranz

DECEMBER 11, 2014

Its application has expanded from enabling the electronic exchange of purchase orders, acknowledgments and invoices to include global procurement and sourcing.T. Later, while working for DuPont, he developed the first standardized electronic messages in the early 1960s to be sent between DuPont and Chemical Leaman Tank Lines.

Electronics 262

Electronics Transportation Data Resource Reduction 262

Talking Logistics

JANUARY 8, 2018

The reality is that supply chain management is not just about managing orders and transportation and inventory — it’s about doing all those things while also navigating through the many risks that could disrupt your supply chain or bring it to a halt. What are some of the biggest supply chain risks companies face today? At what cost?

Supply Chain 143

Supply Chain Logistics Network Optimization Software Real-time Visibility Sourcing Strategies 143

SYSPRO Smarter ERP

OCTOBER 11, 2021

While this is wrong for manufacturing in general it is especially wrong for process manufacturers – companies that produce food and beverages, paints, chemicals, pharmaceuticals, and cosmetics. Inventory control. In the chemical industry, certain chemicals can be dangerous if stored or transported close to each other.

Manufacturing Procurement 119

Manufacturing Procurement Manufacturing Supply Chain Planning Software Purchasing Skills 119

The Logistics & Supply Chain Management Society

JANUARY 3, 2024

I am the most worried about the chemical sector. In the sector, the bullwhip impact is high, the inflationary pressures of crude oil prices immense, the variability from energy outages painful, and inventories relatively low. All value chains are dependent in some shape or form on the chemical industry. What can be done?

Supply Chain Design Software 130

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 130

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

He crafted delivery solutions for e-commerce clients and managed supply chains for several chemical and freight forwarding companies. Tim has held various positions with MNCs, gaining a wide knowledge and expertise in logistics operations.

Optimal Sourcing 162

Optimal Sourcing Supply Chain Planning Software Singapore Logistics Network Optimization Software 162

RFgen

DECEMBER 19, 2024

Even seemingly simple readings like temperature, pressure, vibration, and chemical composition can be crucial for pinpoint quality control. Digital tracking: Inventory moves are digitally recorded, often through RFID technology, for precise real-time visibility. Minimize inventory holding costs and avoid stockouts.

Manufacturing Procurement 98

Manufacturing Procurement Optimization Software Supply Chain Planning Software Inventory Reduction 98

Logility

SEPTEMBER 26, 2017

For more than a decade, I have implemented inventory optimization solutions for some of the world’s largest companies in industries ranging from life sciences to chemicals, from consumer goods to high-tech, and more. Related Content: eBook: The Inventory Optimization Handbook. All of this can lead to a supply shortage.

Modeling 113

Modeling Supply Chain Planning Software Optimal Sourcing Supply and Demand 113

NC State SCRC

MARCH 17, 2021

Prices for polyethylene, polypropylene and other chemical compounds used to make auto parts, computers and a vast array of plastic products have reached their highest levels in years in the U.S. For one of the high grade ethylene required, there is only one manufacturer in North America, who is in Texas (Eastman Chemical).

Texas 52

Texas Chemicals Supply Chain Design Software Supply Chain Design 52

o9 Solutions

DECEMBER 3, 2021

An additional factor in the volatility is that many downstream industries rely on chemical companies for their production processes. As such, there’s never been a greater need to find ways to manage the chemical supply chain through disruption. . The post Ways to help manage the chemical supply in disruption.

Chemicals 52

Chemicals Modeling Supply Chain Planning Software Scenario Planning 52

Jaggaer

MAY 12, 2020

In five to ten years, procurement in many of the world’s leading companies will be “truly digital”. They will have succeeded in transforming their procurement organizations to leverage artificial intelligence-based technologies to achieve autonomous procurement. Autonomous Procurement: The Reality versus the Hype.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Design Software Procurement Predictive Analytics Software 52

Synovos

AUGUST 9, 2023

RS Integrated Supply’s Costanza Campi to speak at World Procurement Excellence Summit WARRINGTON, UK / RADNOR, PA 8 AUGUST 2023 – Costanza Campi, Senior Vice President of Global Procurement for RS Integrated Supply, has been selected to present at the upcoming World Procurement Excellence Summit in Cologne, Germany.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Solutions Procurement Analytics Eliminating Excel in Purchasing 52

Requis

FEBRUARY 24, 2020

On episode 7 of Supply Chain Next, host Richard Donaldson speaks with Alan Dunning, Principal Supply Chain Manager (Procurement & Contracts) for Worley. Worley is a leading global provider of professional project and asset services for the energy, chemicals and resources sectors. Highlights from the conversation.

Procurement 52

Procurement Negotiating Skills Negotiate Pricing Buyer Training 52

Talking Logistics

OCTOBER 12, 2018

I have to go to the grocery store again today to replenish our inventory (yeah, I don’t shop for groceries online; as the son of a bodegero, I’m old fashioned that way.). Simply put, as shippers take a more holistic approach to transportation network design, procurement, planning, and execution, all modes are on the table for consideration.

Logistics Network Optimization Software 131

Logistics Network Optimization Software Supply Chain Design Software Network Design Software Supply Chain Planning Software 131

Unleashed

FEBRUARY 14, 2024

Finished goods inventory are products that have been through the manufacturing process and are now ready for sale. This article breaks down how finished goods are calculated and some key inventory management methods for tracking them as they move through your business. What are finished goods inventory?

Inventory Reduction 52

Inventory Reduction Inventory Manufacturing Procurement Inventory Management Software 52

ToolsGroup

APRIL 1, 2022

Such measures include communicating with suppliers and customers , using demand shaping to overcome inventory shortages, seeking additional suppliers, and building more onshore facilities. 75% of procurement managers and Managing Directors from the EU and UK believe passing on increased raw material costs to customers is appropriate.

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

BR Williams Supply Chain Management

JANUARY 18, 2021

Warehouse inventory management systems (WMS). The ideal situation for any retailer or manufacturer is to have just enough inventory on hand to sell or to keep production lines running smoothly. Excellent safety and training programs. 6 Top Factors Influencing Distribution Management. Customer Perspective. Distributor Perspective.

Inventory Reduction 89

Inventory Reduction Cost Reduction Strategies Expense Reduction Material Savings 89

QAD

JUNE 23, 2022

His depth of experience at GM started on the engineering side before moving into manufacturing operations, at a time when GM was newly focusing on lean manufacturing and just-in-time inventory processes modeled by the Toyota Production System. From manufacturing, he moved into supply chain.

Manufacturing Procurement 95

Manufacturing Procurement Supply Chain Software Agile and Lean Supply Chain Supply Chain Optimization 95

DynaSys

APRIL 9, 2019

The days of bringing a variety pack of orthopedic implants into the operating room or trying to guess the dosage and chemical composition of a particular pharmaceutical are giving way to solutions more tightly aligned with the patient’s specific needs.

Pharmaceutical 98

Pharmaceutical Supply Chain Planning Software Supply Chain Software Modeling 98