This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Process-based companies continue to focus on manufacturing efficiency (OEE) and discrete on procurement (PPV) without designing the supply chain to balance transportation, manufacturing, and procurement to a balanced scorecard. Chemical Industry Aggregate Trend for the Period of 2014-2023 Figure C.
In a previous post , I made a case for how the Chief Supply Chain Officer (CSCO) and Chief Procurement Officer (CPO) are smarter together. Accordingly Supply Chain and Procurement will need continuous collaboration. By aligning supply chain and procurement, spend can be considered more holistically.
That’s the power of manufacturing data collection. Manufacturing data collection is your secret weapon for boosting efficiency, cutting waste, and staying ahead of the competition. Manufacturing data collection is your secret weapon for boosting efficiency, cutting waste, and staying ahead of the competition.
How should a global manufacturer make a decision? In short, the research tells me that the manufacturing industries are stuck. In contrast, for a global manufacturer, the answer is more complex. Define a proactive approach and the value/economies of scale of planning manufacturing/transportation and sourcing together.
The three steps in realizing the vision are 1) flexible, reconfigurable plant; 2) global manufacturing networks of flexible, configurable plants; 3) the integration of the previous step with digital, certified, encrypted product definitions. flexible manufacturing in fast-moving products. both in the process and discrete industries.
GEP and the North Carolina State University (NCSU) Supply Chain Resource Cooperative surveyed supply chain, procurement and IT professionals across a range of industries to gain insight into their priorities and strategies regarding supply chain resilience and optimization. Procurement solutions are often updated with purchased information.
In a recent survey by Procurement Leaders , 54% of the CPOs reported that they have regular touchpoints with the CEO and are considered a key stakeholder. In conjunction with the new product launches, phasing out existing products and components is another area where supply chain and procurement need to work together.
Chevron Phillips Chemical (CPChem) needed a technology that facilitated fast solutions to pressing problems. The Influence of Culture Chevron Phillips Chemical was established in 2000, as a joint venture between Chevron and Phillips 66. They chose an analytics platform from Seeq.
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.
The Hackett Group report recommendations on IT & Procurement collaboration and how it can benefit your organization in the time of Covid-19 and beyond. This study includes input from a range of industries via interviews conducted with pairs of IT and Procurement leaders. We all know these stories.
There is a belief that manufacturing is a mechanical process with not much thinking involved. 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. What is process manufacturing?
Practice Procurement Relationship Supply Chain Integration Supply Chain Management Supply Chain Risk Management Triad' The case has confused consumers and influenced their shopping behaviors in the important winter season. It demonstrates that reputation is a strategic asset and reputational dependencies exist in the supply chain.
As organizations look for reducing dependencies on concentrated sources of supply, Eastern Europe, Mexico, and South Asian countries will start providing viable alternatives to the current manufacturing powerhouse countries. As demand for last mile logistics intensifies, warehouses become the prime candidates for automation.
We have heard that there is a focus on near-shoring, reshoring, and local manufacturing. Building a fab (manufacturing site) takes two-to-four years and requires the availability of water and trained labor. I am the most worried about the chemical sector. Does this solve the problem? When I get this question, I swallow hard.
It was funded by 50 large consumer products manufacturing companies (CPG). In the dawn of e-commerce, conservative manufacturers, anteed up $240 million in four months. In the height of the e-commerce craze, the marketplace offerings started with a focus on e-procurement. The stories border on the ridiculous.
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.
This manufacturer produces plastic reusable material handling containers and plastic fuel tanks. The Company operates eighteen manufacturing facilities, nine distribution centers located throughout North and Central America. Mr. Baker spent over 34 years leading procurement teams at The Dow Chemical Company.
Keeping track of all your moving parts in manufacturing is a tall order. 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. Spreadsheets just don’t cut it anymore.
As shown in the map, the company has 4 distribution centers wherein each location is shipping to several places across the US (for the sake of simplicity we are not showing the manufacturing and sourcing locations here). He received his Ph.D. The post 5 Recommendations towards a Resilient S&OP appeared first on Logistics Viewpoints.
Globally ten percent of jobs are in manufacturing, while 37% are associated with supply chain management. They are impatient that they know more about pizza’s status for lunch before their zoom meeting than the inbound shipment status for their critical manufacturing run. Reflection. The supply chain career is new.
From early on in the Covid-19 pandemic , and for pretty obvious reasons , procurement in healthcare and pharmaceuticals has been in the spotlight like never before. In fact, the European Fine Chemicals Group (EFCG) estimates that upward of 80% of chemicals used to make drugs sold in Europe now originate from China and India. .
Where usually all beer manufactured in Singapore is made using imported raw materials, this model of brewing would completely eliminate that need for beer making imports. Linking manufacturers and other industries together into a circular economy ecosystem is still a struggle in this digitally connected time.
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.
In our research, we find that 72% of planners primarily depend on Excel and desktop analysis despite the rollout of advanced platforms for planning in 92% of manufacturers with greater than 5B$ in revenue. Similarly, after the conference, I started working with a chemical company to formulate a supply chain strategy.
The ends of the supply chain–both in customer and procurement– are fragile. Last month, I was at a chemicalmanufacturer, and the Chief Supply Chain Officer walked me to the elevator. For most leaders in supply chain and manufacturing, this is a new world, and not one that is well-understood or valued.
Orbit Chart for Ecolab at the Intersection of Inventory Turns and Operating Margin Versus the Chemical Industry for the Period of 2010-2019. Procurement and transportation operated as islands. Manufacturers operate in a constrained environment, and the goal is the automation of the Theory of Constraints theory.
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.
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.
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.
Note the elongation of the cash-to-cash cycle in the chemical industry of 38 additional days when comparing the 2014-2019 averages to the pre-recession period of 2004-2006. While touted as a digital procurement provider, it took the Company nine days to onboard me as a vendor, and two weeks to process a Purchase Order.
Procurement Director. Jian works as a Director of Procurement at Fannie Mae. She leads a team that is tasked with identifying, designing, and implementing best practices and innovative solutions in support of corporate procurement’s delivery of business objectives and performance excellence. REGISTER NOW. Jian Xu, Ph.D.,CSCP.
We are seeing many developments in the chemical industry. At the Chemical Logistics Forum, held by the German Logistics Association (BVL) in the Höchst district of Frankfurt, participants got a first-hand look at current trends in the chemical logistics field. Production facilities can thus be scaled back.
SAP Ariba started as an indirect procurement network and lagged the market in developing multi-tier process definition.) For example, Elemica is focused on the chemical and rubber markets but does not manage upstream (consumer products/food & beverage) or downstream flows (oil/gas). Authoritative Identifiers and Use of Standards.
A slight change within a function–in sourcing or manufacturing, or along the chain–can greatly impact the outcomes of cost, customer service, or working capital. Today’s supply chain—with greater outsourcing, global manufacturing, and complex bill of materials–requires synchronization of the links.
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. End-to-End Definition Implementation of enterprise data architectures to improve order-to-cash and procure-to-pay. Background.
The methodology did not include a peer group analysis, and I strongly felt that chemical, retail, and telecommunications companies should not be compared in the same analysis. Only 29% of manufacturers easily manage total cost trade-offs. During the presentation, I squirmed uncomfortably in my seat. The reason? Ahold), L’Oréal S.A,
Interconnected global supply chains, heavy dependence on chemical products and the lack of sub-tier visibility are key factors affecting recovery timelines. Second, Texas’ chemical industry is a foundational block of the interconnected global supply chain.
Bunker fuel also contains sulphur, another chemical that, when burned, produces noxious gases and fine particles that, in addition to the environment, also seriously harm human health. He is a seasoned supply chain expert with 15+ years in the industry spanning Logistics, Procurement, and Contract Manufacturing.
We have heard that there is a focus on near-shoring, reshoring, and local manufacturing. Building a fab (manufacturing site) takes two-to-four years and requires the availability of water and trained labor.” I am the most worried about the chemical sector. Does this solve the problem? When I get this question, I swallow hard.
For procurement leaders, this finding indicates marked potential for making an environmental impact. For manufacturing facilities, the pressure is on to become the essential link to a more sustainable value chain. What Forces Are Driving The Demand For Sustainability In Manufacturing? The good news?
This includes consistency in manufacturing operations, order-to-cash processes, and customer service. I do not think that this will happen through the repurposing of indirect procurement networks (e.g., .” The feet are grounded in reliability. Here is how you start: Stabilize ERP Investments. SAP’s redefinition of Ariba).
Over the last week, I’ve had the opportunity to speak with a number of individuals about how important it is to change people’s view of the procurement function. Up to now, let’s face it, procurement people haven’t always been the most popular folks around the water cooler.
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).
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. Power is shifting to the hospital. Pharmaceutical companies are struggling with falling margins and rising inventories. For most, it is a sore point.
We organize all of the trending information in your field so you don't have to. Join 102,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content