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
In 2012, when I started Supply Chain Insights , I believed that I could revolutionize the purchase of supply chain planning solutions by initiating a rating and review process across trading partners. So, I rolled my savings out of my 401K to build a community to enable business user feedback and reviews. The reason?
Molexs story is interesting because they excelled at overcoming these cultural issues. MESN is a solution built on a many-to-many architecture that supports a community of trading partners. The most common form of trading partner collaboration is purchase order collaboration. He needed to influence them. Training is critical.
From raw materialprocurement to final product sales, these supply chains’ ability to minimize inventory through product life cycle controls and facilitate prompt product supply is every bit as important as product differentiation strategies. To achieve this, having the right planning solution is crucial.
There will be little relief in 2022 unless the factors driving the increased import volumes—a strong economy and the fundamental shift in consumer behavior to purchase more goods and less services—change. Near or re-shoring sourcing strategies will be evaluated to “shorten” supply chains and gain greater control of supply chain performance.
Today, supply chain excellence matters more than ever. Until there are clear answers, business leaders should avoid buyingsoftware from companies with deep investments by venture capitalists. Likewise, data scientists are long on the understanding of software approaches but short on understanding the business.
Myers Industries Implements John Galt Solutions. This manufacturer produces plastic reusable material handling containers and plastic fuel tanks. They also are also one of the largest distributor in the US of tools, equipment and supplies for the tire and wheel service industry. You know it’s really good.
To remain competitive, retailers and carriers must excel in the crucial last-mile delivery stage. Key Last-mile Delivery Technology Solutions How can technology directly impact last-mile operations and improve the customer experience? And what are the comparative costs of building versus buying?
As fall becomes winter, supply chain leaders are planning their budgets and building strategies for 2017. With this in mind, in this blog, I make an argument that we, as supply chain leaders, have screwed up direct materialprocurement. My goal is to have supply chain leaders consider a procurement redesign for 2017.
So your company is looking to reduce costs, and you’ve been asked to contribute by reducing your inventory cost. Here we explain how you can do this with 16 cost reductionstrategies in inventory management?that that are each proven to reduce a company’s costs.?
The years from 2007 through 2009 were notable for their economic volatility, reflected not only in the global economic recession but also the instability of customer demand and rapid movement in raw material, fuel, and commodity prices. Companies tripped over themselves to build ecommerce portals, and one-click purchasing grew in relevance.
This technology allows businesses to unify their procurement, expense management, invoicing, payments, contract management, and spend analysis processes and reporting. The visibility to spend allows them to provide excellent benchmarking in several areas. Coupa also offers a robust, market share leading, supply chain design solution.
Reason #4 Making key decisions by modelling the supply chain in Excel. The typical example is as follows; A company uses complex software to model the supply chain considering a desired customer service level, lead time data, and statistical analysis of supply and demand variability. Find ways to reduce lead time.
Nick Lynch is the Global Excellence Manager at Shell Lubricants, a division of Shell Global. It is just not enough to do a software upgrade or slowly push continuous improvement projects. The implementation of a Demand-Driven Materials Requirements Planning (DDMRP) using Orchestr8 followed in 2017. Incrementalism Is Not Enough.
Procurement, also sometimes known as purchasing, is the group responsible for acquiring components, services, and other materials to manufacture a company’s products and to keep the operation running. But corporate procurement isn’t quite as simple as placing an order on Amazon or another web marketplace.
His comments are the same–he feels that I identify problems but do not adequately define the solutions. He feels that based on his years of experience with a software provider, he has a whizzbang technology. Each concept is flawed adding to, not reducing, cost and waste. days to receive a purchase order confirmation.
This is the first of a two-part series where I will curate and cull information from my 4 decades of experience in logistics cost reduction at various positions in the supply chain. In this first part, I will focus on 6 places that you can apply to your organization to reduce costs and increase profit. You will reduce overhead costs.
In 2004, I worked with a Midwest North American meatpacker to help define its supply chain strategy. An enlightened leadership team wanted to be sure that the organization knew how to make money through bi-directional orchestration of the bill of materials. Consumers constantly change the mix preferences in purchases.
As a Procurement Leader, carbon neutrality by 2050 should be a central focus and Dr. Natacha Tréhan’s comprehensive research offers practical tips to get you on track. First, let’s start with procurement and how it plays a significant role in reducing the carbon footprint with 3 key areas of impact: – Actions with suppliers.
With the global market expansion and deepening supply chain complexity, the roles of procurement leaders have evolved from tactical to strategic. Nowadays, procurement departments not only focus on the day-to-day buying operations but also search for the most efficient ways to go about them. From whom are we buying?
From harvest to hands, the food & beverage (F&B) industry leaves no room for guesswork, especially without supply chain optimization software. This reality is compelling F&B companies to rethink their strategies and approach to supply chain optimization and demand planning.
In the realm of efficient procurement management, understanding the various types of procurement reports becomes paramount. These reports serve as navigational tools, offering insights into different facets of the procurement process.
Best-in-class manufacturers have successfully converted these into opportunities with solutions that bridge the gap between production and warehouse management, which is often identified as a weaker link in the value chain. This seamless workflow is known as material synchronization, a term trademarked by DELMIA.
Procurement Leaders Webinar. With mounting pressure for organizations to make tangible contributions to Environmental, Social, and Governance (ESG) initiatives, the procurement function must strategize to implement and report their collective efforts. Speakers: Arnaud Malardé, Ivalua | Hélène Vermont, Michelin Group.
End-to-end supply chain visibility, planning, and execution support software are critical in agile supply chain performance. The classical approach involves functional silos, sequential decisions, and Excel and people to render a plan executable. each with discrete plans generated typically in sequential batch runs.
Recent releases of Advanced Planning Solutions (APS) refined but did not transform initial software concepts. While there is much hype on DDMRP and the use of orders as a proxy for demand, companies need to remember that orders carry latency: they are out-of-step with market purchase behavior. Traditional planning is batch.
The right technology solutions allow supply chain operations to make data-driven decisions and provide a competitive advantage, particularly if an organization’s competitors are slow to adopt the latest technology advancements. Still, there are several technologies that are transforming supply chains for the organizations that adopt them.
Working with Excel spreadsheets does not contribute the efficiency, speed and agility necessary for planning teams to bring the best plans to the company. Here, planning solutions with optimization fit very well with this concept. Figure 1 shows a dashboard that exemplifies this concept.
Your Comprehensive Guide to Production Planning Software The benefits of production planning software vs scheduling are about the granularity of the plan: capacity plans (or master production schedules) are not granular and factor in less granular things, like high level capacity, forecasts, inventory, and transfer times.
In his role, Ernest owns strategic sourcing, materials planning, customer care, and logistics operations globally. As a B2B company, procurement management is essential. The company also offers engineered-to-order solutions, such as control centers and medium-voltage drives. He is a humble and quiet leader.
As a developer working on the braking software of an automatic car for the past eight years, he constantly tells me that it is not easy, and all of the estimates are too waaaay too positive. However, the prior beliefs of functional efficiency delivering supply chain excellence linger. Next Steps?
Management of Ocean Transit Time Reliability and Visibility by LSCMS Shippers’ Council How would Logistics managers explain to their COO and Production group that inbound material will arrive on 23Dec but with 50% probability? but when demand slowed, the pressure to reduce inventory becomes a lot higher.
They excel in the four Ps of marketing. In contrast, a market-driven organization connects bidirectionally market-to-market to orchestrate the signals to shape demand and mitigate risk (buy-side to sell-side and back). These tools only answer the questions that we know to ask. We have built transactional buying relationships.
GEON Performance Solutionspurchases plastic pellets and add plastic compounders to make products of different strength, resilience, and flexibility. GEON Embarks on a Digital Transformation GEON Performance Solutions is embarking on a supply chain transformation. GEON is owned by SK Capital.
As Allyson presented her story of working for multiple consumer products companies, with very advanced technologies (demand sensing, advanced automation of forecasting, data lakes and descriptive analytics), she spoke of why at the end of the day, the most important technology that she uses is Excel. The solution was too black box.
Selecting and implementing a new supply chain solution is a risky career move for any supply chain manager. The wrong solution can cost the company millions and cost the manager their job. You may be smirking right now wondering about the validity of a supply chain software company singing the praises of a POC.
The chief procurement officer (CPO) is a senior executive responsible for developing and implementing their organization’s procurement policies, procedures, and strategies. Making sure these purchases are of high quality and compliant with relevant laws and regulations also falls under the CPO’s responsibilities.
The FDA issued an exposure modification order that allows the claim to be made that “scientific studies show that switching completely from conventional cigarettes to IQOS significantly reduces your body’s exposure to harmful or potentially harmful chemicals.”. The solution considers projected demand and service level goals.
The platinum medal puts RS Group in the top 1% of the 100,000-plus rated companies assessed by EcoVadis with each company rated on the material sustainability risks and issues for size, location, and industry. EcoVadis is the world’s most trusted business-to-business sustainability rating. million customers.
I have fifteen clients trying to implement Ariba for direct materials and struggling to make the flows work. In this series of posts, I am going to make an argument to augment ERP planning with new cloud-based solutions to improve decision-making. I am going to start with the management of direct materials.
Decoding the Procurement Department: A Comprehensive Guide to Roles and Responsibilities This supply chain article provides a comprehensive overview of the procurement department within an organization. Read In Detail About Procurement Department Here 2.
I interviewed John Sobeck, Vice President Material Management Services and Supply Chain 4.0 ZF offers product and softwaresolutions for established vehicle manufacturers and newly emerging transport and mobility service providers. ZF transforms those purchased products into over 2,000 products. ZF’s Digital Supply Chain.
Strategies for Preventing Excess Stock. Due to Covid-era over-ordering, Target was forced to offer massive discounts to move inventory, causing a devastating almost 90% drop in profits in the second quarter of 2022. Don’t let supply chain disruptions and outdated planning solutions stifle your business. What is Excess Inventory?
As a supply chain director, manager, or boss of a multinational corporation, where the supply chain is an integral part of your business, supply chain cost reductions are always at the forefront of your team’s mind. Vendor Managed Inventory Model for Supply Chain Cost Reductions. What is Reverse Marketing? What is Value Analysis?
Everyone has had the experience of opening up a box and finding it mostly filled with bubble wrap and other packing material. Increasingly shippers are noticing unexpected dim fees on their carrier invoices that they didn’t expect and are looking for ways to reduce or avoid these costs. Guessing too low reduces margins.
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