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
I laugh when business leaders tell me that they are going to replace their current supplychain planning technologies with “AI.” Each supplychain planning technology at the end of 2024, went through disruption–change in CEO, business model shift, layoffs, re-platforming and acquisitions. You are right.
The manufacturing industry has a strong heritage of adopting game-changing technologies to deliver higher quality products more efficiently. With the introduction of digital supplychains, the industry is moving into an era arguably on par with the industrial revolution. But how do you get there before the competition?
by John Westerveld Reason #5: Not having a supplychain risk management process. Over the years, working for and with numerous manufacturing companies, I’ve seen many supplychain practices that cost companies money. Reason #3 Not having end-to-end supplychain visibility.
A few years ago, a news report came out of China stating that they were going to put an end to pegging the renminbi (China’s domestic currency) against the U.S. This was a long awaited announcement that completely shocked the global currency markets sparking massive trades out of the U.S. dollar into Asian currencies.
Amongst the issues faced by both businesses and consumers in 2021, supplychain shortages – and the resulting challenges – held strong in the headlines throughout the year. Five Lessons Learned Overcoming 2021’s SupplyChain Challenges. Five Lessons Learned Overcoming 2021’s SupplyChain Challenges.
This week, Gartner is hosting their annual supplychain conference. It is now the Gartner SupplyChain Top 25. The research tries to establish “ who did supplychain best ” by looking at a weighted formula of Year-over-Year Growth, Return on Assets (ROA), and Inventory Turns for the Fortune 500 companies.
Going back to the Industrial Internet of things (IIoT), the use of Internet-connected technology increases risk in manufacturing. billion in 2018 alone, reports Michael Kotelec of Manufacturing.net , and this will bring a strong, robust boost to efficiency and productivity in manufacturing. However, the risk is well worth it.
Subscribe to SupplyChain Game Changer. Other names include cybercast, virtual currencies, and financial technology. While discussing the objectives of digital currency, we also need to read online which countries have successfully positioned cryptocurrencies. Knowledge of the objectives of digital currency.
In global supplychain , obtaining products or services from outside the country to achieve cost effectiveness is one of the most widely used strategy. In the past couple of years, there are the increasing interest to bring manufacturing back to home country. SupplyChain Case Study: Executives Guide. A Case Study.
Last week in the middle of a presentation, a supplychain leader made the statement, “We have solved the issues in supply through better optimization and use of data. Many supplychain leaders are so convinced they know the answers that they have stopped listening and learning. The issue is demand.
If you’re a supplychain or logistics executive and you’re looking for ways to improve as a leader this year, here are my five recommendations: 1. Supplychain management is risky business — and the risks are growing every day. whenever you’re discussing supplychain strategy or decisions. more often.
Ampacet Corporation is the world’s leading manufacturer of the pelletized pigments that add colors to plastics. The company spans the globe with 12 manufacturing sites on four continents. Managing the supplychain of such a global enterprise is challenging. We still had two separate systems,” Smith said.
One of the clearest lessons learned during the pandemic was the importance of domestic manufacturing. As global supplychains snarled and essential products became hard to find, many domestic manufacturers pivoted to make up shortages. The importance of manufacturing has often been overlooked as the U.S.
by Dr. Madhav Durbha As supplychain professionals, we can grow insular in our thinking, as on a day-to-day basis we risk confining ourselves narrowly to our domain of responsibility or solving challenges specific to our regions. The 2017 SupplyChain & Logistics EMEA summit & expo was one such opportunity.
A perfect storm of currency debasement, higher taxes, and declining purchasing power is driving manufacturers to focus on overall spend, cost-cutting, and the need to optimize cash conversion.
To ensure long-term growth and protect customer loyalty, businesses need to strive for the automation of supplychain planning. Revealing the True Potential of Supply Optimization. They can automatically evaluate and compare multiple supply alternatives through simulations and perform various business scenario analyses.
Subscribe to SupplyChain Game Changer. 10 Vital SupplyChain Lessons from the Coronavirus Pandemic! Companies rely on supplychain management to reduce costs and increase their production cycle. These developments, combined with the US-China trade war, found the supplychains experiencing unique hurdles.
When I ask executives to draw their supplychains today (an activity that I love to do to understand their mental models), companies will often draw a dead pool around S&OP. In 1992, I worked for a supplychain planning technology provider, and the role of the forecast was clearer. Lack of Clarity.
Many off-shore manufacturers have returned to the U.S., Those changes, along with high costs of transporting materials and finished goods to and from overseas locations, make the value of reshoring likely to become a compelling financial reality for many manufacturers. Engineering isn’t disconnected from manufacturing.
The digital currency called Bitcoin has been in the news recently as its value has skyrocketed to over $6,500 per coin, with speculators pouring money into exchanges hoping to make an easy profit. The supplychain sector is often mentioned as a prime candidate for blockchain integration. Blockchain Logistics Potential.
Almost everyone knows global supplychains have experienced challenges over the past year. When it comes to global supplychains, there are a lot more than two activities that must take place in harmony if things are going to proceed as planned. He writes, “Supplychain synchronization is key to a digital future.”[1].
Note: This is an ongoing series of posts on new developments within the automobile supplychain, with examples of best practices. Understanding their supplier responsibilities as exporters is a critical performance component within a global supplychain.
In this post, Adam discusses the National Network for Manufacturing Innovation or NNMI and how it relates to the Made in China 2025 initiative. . model, aggressively integrating Internet of Things technology into manufacturing and targeting specific advanced industries in which they hope to succeed. The Rise of Chinese Manufacturing.
This vote to leave the EU will cause political and economic changes and impact free trade agreements, regulatory frameworks, workforce availability, currencies, and investments. Does Brexit represent a supplychain risk to be mitigated, or a supplychain opportunity to be exploited?
A 2005 study on the impact of supplychain disruptions revealed there is significant damage to a company’s financials and brand when a crisis or stoppage occurs. The report shows, for example, that firms suffering from supplychain disruption experience 33% to 40% lower stock returns compared to their peers. Regulations.
A Three Part Article Series from QAD DynaSys – Greatest challenges to your supplychain. Read Part One 10 COVID-19 Lessons for the Resilient SupplyChain if you missed it. . Robert Drew presents you with 6 Takeaways for Future SupplyChain crisis to overcome challenges of your SupplyChain.
Supplychain professionals are certainly acquainted with risks and risk-taking; however, their principal concern is managing risks. ” However, not everyone appreciates the risks an organization’s supplychain faces. SupplyChain Risks Internal Risks • Production Control Risks.
Globalisation means that our supplychains are more entwined and complex than ever. Disruptions in the supplychain. One of our New Zealand metalwork manufacturers who relies on overseas suppliers for their materials has seen huge supply shortages this month. Identifying potential supplychain weaknesses.
Subscribe to SupplyChain Game Changer. Manufacturing SMBs article and permission to publish here provided by Alina Akk. Raw material inventory management represents a vital stage in the successful supervision of any manufacturing company’s supplychain. Subscribe Here! Email Address. Get Our EBOOK HERE.
LogiPharma 2019 featured a strong lineup of speakers and life sciences supplychain industry experts who delivered valuable and relevant content, spurring attendees to participate with passion while host (and former Premiership Rugby match official) David Kurk injected a good dose of energy and humor to keep things moving.
This is typically when I order a tequila in frustration and my mind goes into overdrive asking the basic question: What are the risks in their supplychain? . Is it possible these things have impacted the sourcing, manufacturing, and delivery of my cologne? Is the foreign country’s currency stable?
After the SupplyChain Insights Global Summit , I took the time to recharge and took a month off from writing. The presentations from the Summit are posted now on the SupplyChain Insights You Tube Channel. The focus is on the role of supplychain finance in driving supplychain excellence.
An aligned plan takes up the valuable time of multiple team members — C-suite, finance, supplychain, manufacturing, marketing, and sales — repeatedly, while manual tools do nothing to facilitate the S&OP process. Reach out to our specialists today to discuss our supplychain solutions.
Honestly, fixed asset management and the related accounting is a rather dry subject – unless you are a CEO, CFO, COO, VP of Finance, VP of Manufacturing or Fixed Asset Manager at a manufacturing company. Fixed Assets and Accounting: Much More than a ‘Nice to Have’. Fixed Assets and the CFO.
We just finished hosting over 150 executives at our SupplyChain Resource Cooperative, with a theme on SupplyChain Analytics. As 2013 comes to a close, here are some of my thoughts regarding the supplychain trends we are likely to see emerge in 2014. Not surprisingly, analytics is at the top of the list.
As explained by Digital Commerce 360 , the rate of identity theft is on the rise; fraud and counterfeit products are increasingly threatening to undermine legitimate e-commerce supplychains. Demand for e-commerce and faster order fulfillment will result in more shippers moving storage and manufacturing closer to consumers.
Why You Need to Deal with Multiple Currencies. Perhaps it should be “Multi-Currency Makes The World Go Round” in today’s mobile web world. As a wholesaler and distributor, I’m willing to bet that you’re dealing with at least two currencies for your purchases and sales. Adding Additional Currencies.
Blockchain is the presumed cure-all solution for everything in supplychains, and its impact will be felt around the globe, in every industry, and within all activities. Powered by an incorruptible ledger, blockchain and TMS solutions will be the defining characteristic of successful supplychains. DOWNLOAD WHITE PAPER.
Subscribe to SupplyChain Game Changer. Expanding your SupplyChain into international territories comes with complex challenges that many businesses are not prepared for. With shipping fees, language barriers, and tariffs, managing the logistics of global supplychains can be an overwhelming endeavor.
The topic of supplychain resilience sprouted in the media and professional journals as a result of the coronavirus pandemic. The pandemic has certainly tested those supplychain characteristics. You can’t make your supplychain more resilient if don’t know where points of pain and vulnerability exist.
In the 1990s, I transitioned from managing an emerging supplychain organization at a mid-sized manufacturing company to working for a supplychain planning company. I loved my classes in supplychain strategy and naively believed that companies actively applied the principles of Porter’s theory.
In the 1990s, I transitioned from managing an emerging supplychain organization at a mid-sized manufacturing company to working for a supplychain planning company. I loved my classes in supplychain strategy and naively believed that companies actively applied the principles of Porter’s theory.
But I have some news that is scarier than anything you’ll see in a horror film: the supplychain is trying to slash your Halloween plans. As a result, here are the five reasons why the supplychain is the scariest thing this Halloween: 1. Oh, and watching Hocus Pocus on repeat. Too many red candies produced at Christmas?
The new issue for the global supplychain comes amid a rise in global demand, with shipments up 13% year-over-year in June. Air freight supply has increased, but only by 3% year-on-year, already causing higher costs for shippers due to the limited capacity. And now on to this week’s logistics news.
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