GlobalTranz

JANUARY 22, 2018

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.

Manufacturing Procurement 199

Manufacturing Procurement Analytics Software Demand Planning Software Supply Chain Software 199

ivalua

FEBRUARY 8, 2023

Ivalua Blog [ivory-search] Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience February 8, 2023 | | Manufacturing by Doug Keeley In the face of an unprecedented global crisis, Procurement stepped up to become a crucial driving force for business continuity. Work to achieve 100% supply chain visibility.

Manufacturing Procurement 242

Manufacturing Procurement Supply Chain Planning Software Supply Chain Software Optimal Sourcing 242

QAD

APRIL 7, 2022

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.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Solutions Negotiate Pricing Purchasing Skills 98

Logistics Viewpoints

FEBRUARY 15, 2022

True resiliency is achieved when supply chain leaders can predict issues and dynamically respond – from sourcing and manufacturing to final delivery – with agile solutions. To cultivate true supply chain resiliency, the concept of end-to-end supply chain visibility should not be limited to freight shipment transparency.

Agile and Lean Supply Chain 306

Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Software Optimal Sourcing 306

Supply Chain Shaman

APRIL 15, 2020

My first focus was on China sourcing. China was the source of over 90% of PPE.) This cross-functional group (sales, procurement, manufacturing, and distribution) is an operational team to manage the day-to-day issues and exceptions in the supply chain. Step #5 Safe Manufacturing. Recovery Team. The answer?

Supply Chain Planning Software 440

Supply Chain Planning Software Supply Chain Design Software Modeling Supply and Demand 440

Supply Chain Shaman

DECEMBER 30, 2021

Value networks do not interoperate and the business leader trying to track shipments must manually sync multiple data sources to get to answers. Freight Rates 2019-2021. As a result, companies plug along planning based on historic lead times and freight rates which as you can imagine is doomed for failure.

Supply Chain Design Software 438

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 438

Supply Chain Shaman

FEBRUARY 18, 2021

Advanced planning evolved with a focus on modeling manufacturing constraints. Initially, the output was published to procurement to design strategic buying strategies. Procurement became an island–isolated from the demand signal except for MRP. Procurement: Purchase price variance and procurement cost.

Supply Chain Planning Software 285

Supply Chain Planning Software Supply Chain Design Software Supply and Demand Procurement Analytics 285

The Logistics of Logistics

OCTOBER 30, 2023

Over his 30+ year career in the supply chain, Richard has worked with manufacturers around the world in operations, supply chain, and lean strategy roles to develop systems that can manage complex supply chains on a global scale. Richard previously founded and led Factory Logic, Inc. acquired by SAP). The Greenscreens.ai

Optimal Sourcing 244

Optimal Sourcing Inventory Reduction Supply Chain Design Software Manufacturing Procurement 244

The Logistics of Logistics

SEPTEMBER 25, 2023

Paul is the Founder and Chief Strategy Officer of Verusen , a supply chain intelligence platform, purpose-built to help manufacturers streamline their MRO supply and materials management. For manufacturers: Optimizes inventory and harmonizes data to reduce costs, improve visibility, and make better sourcing decisions.

Optimal Sourcing 265

Optimal Sourcing Material Savings Sourcing Strategies Inventory Reduction 265

Enterra Insights

JANUARY 6, 2023

We all know the storyline that insists advanced economies have moved on from the Industrial Age to the Digital Age and have become service-focused rather than a manufacturing-focused. ” Santhanam is one of a trio of co-authors who have labeled this manufacturing resurgence the “Titanium Economy.” ”[4].

Manufacturing Procurement 130

Manufacturing Procurement Manufacturing South Carolina Pricing Training 130

DELMIA Quintiq

MAY 13, 2020

While the automotive industry is proactive in developing strategies to optimize manufacturing processes, many important aspects are siloed, especially one crucial element: The container, which plays an important role in ensuring seamless logistic processes. The final assembly line sets the pace in automotive manufacturing. The result?

Optimal Sourcing 267

Optimal Sourcing Supply Chain Optimization Automotive Resource Reduction 267

Supply Chain Collaborator

JUNE 25, 2020

Will the trend toward a return to “regional manufacturing” boost volumes in over the road transportation in North America as manufacturers move away from Asian overseas operations? As a result, a new focus on network resilience and the idea of more regional manufacturing emerged.”. This strategy is not without its risks though.

Manufacturing Procurement 142

Manufacturing Procurement Manufacturing Gartner Supply Chain Network Software 142

Freightos

JUNE 6, 2023

The Initial Hurdle: 2021’ Freight Fiasco During the COVID-19 pandemic, Conor from Fort Toys , like many other entrepreneurs, found himself dealing with skyrocketing demand… and skyrocketing freight costs. to 0.85 (Source: ShipBob ). One of the most prominent shifts has been sourcing patterns. The key takeaway?

Manufacturing Procurement 328

Manufacturing Procurement Optimal Sourcing Inventory Reduction Supply and Demand 328

ivalua

MARCH 16, 2021

Sajid Kunnummal, Vice President and CPO at Navistar, was interviewed in late 2020 by Philip Ideson from Art of Procurement. When the crisis hit, Procurement as a function was suddenly in the hot seat, and it became the driving force for business continuity. Why is visibility so important?

Manufacturing Procurement 130

Manufacturing Procurement Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Software 130

Freightos

SEPTEMBER 8, 2020

And the lack of demand visibility is a big contributor to China-US ocean freight rates doubling to the West Coast since June, and passing $4,000/FEU to the East Coast – which was surprising as most analysts thought that rates and profits would freefall. Is ocean freight pricing broken? Was it profiteering? It worked. .

Purchasing Skills 218

Purchasing Skills Price Reduction Freight Supply Chain Software 218

GlobalTranz

JULY 28, 2021

Shipment planning and execution capabilities that can be used to optimize shipments in real time, route freight, track carrier rates, manage the inbound flow of goods and integrate with the dozens, if not hundreds, of possible vendor platforms. Another Thing to Consider: Network Versus Execution-Level Optimization.

Optimal Sourcing 317

Optimal Sourcing Optimization Software Network Optimization Supply Chain Optimization 317

SYSPRO Smarter ERP

MARCH 31, 2022

It’s premature to know at this stage what the full impact will be on our economies and supply chains, but we can expect more delays of supply of imported inventory, food, and component parts, due to reduced or rescheduled air and sea freight. The post How manufacturers can respond to supply chain disruptions appeared first on SYSPRO Blog.

Manufacturing Procurement 105

Manufacturing Procurement Supply Chain Disruption Supply Chain Design Software Supply Chain Planning Software 105

The Logistics & Supply Chain Management Society

MAY 28, 2022

In these times of global turmoil, there are five (5) important megatrends shaping supply chain innovations in the coming years, namely in e-fulfillment, sourcing, food and agriculture, labour intensive operations, and halal supply chain management. From global to local and regional sourcing. Marco Tieman – CEO, LBB International.

Innovation 244

Innovation Agile and Lean Supply Chain Supply Chain Design Software Supply Chain Software 244

The Logistics & Supply Chain Management Society

FEBRUARY 15, 2021

And the lack of demand visibility is a big contributor to China-US ocean freight rates doubling to the West Coast since June, and passing USD4,000/FEU to the East Coast – which was surprising as most analysts thought that rates and profits would freefall. Is ocean freight pricing broken? Was it profiteering? And it can be fixed.

Purchasing Skills 217

Purchasing Skills Price Reduction Freight Supply Chain Software 217

Logistics Viewpoints

FEBRUARY 2, 2024

UPS is seeking alternative strategies for its truck brokerage business, which has seen sales plummet amid a freight recession marked by declining rates and over capacity. More than $728 million is on the way to communities around the nation to bolster intermodal freight infrastructure. The money is coming through the U.S.

Cost Reduction Strategies 271

Cost Reduction Strategies Inventory Reduction Logistics Network Optimization Software Manufacturing Procurement 271

The Logistics & Supply Chain Management Society

FEBRUARY 15, 2021

Manufacturers can gather valuable granular data such as the time an item spent in storage, at what temperature, how long it took to sell, the length of time between purchase and fulfillment and how long it spent in transport. For example, companies can track products throughout the entire lifecycle with RFID and GPS sensors.

Supply Chain Planning Software 298

Supply Chain Planning Software Supply Chain Software Prescriptive Analytics Software Predictive Analytics Software 298

Logistics Viewpoints

NOVEMBER 17, 2022

This shortage is the culmination of various ongoing issues – geopolitical tensions related to the Russia-Ukraine war, the rapid shift in consumer buying behavior and container freight availability. This shortage and sudden uptick in demand weren’t something that most can manufacturers were prepared for.

Packaging 262

Packaging Food Manufacturing Procurement GEP 262

Logistics Viewpoints

JULY 8, 2024

Over the years, individual locations—the company has several manufacturing locations in Europe and North America—have behaved increasingly autonomously. Meanwhile, customers’ procurement operations were seeing a new generation of talent come of age who were pushing for better value-added services and shipment visibility.

Cost Reduction Strategies 256

Cost Reduction Strategies Optimal Sourcing Resource Reduction Negotiating Skills 256

Logistics Viewpoints

MAY 16, 2022

They have a complex network of suppliers, internal assets, and transportation and manufacturing partners, many of whom are changing on an ongoing basis. In supply chain we talk about the fact that just optimizing one link in a chain – for example, optimizing manufacturing – does not lead to an optimized system.

Supply Chain Planning Software 246

Supply Chain Planning Software Optimal Sourcing Supply Chain Optimization Supply Chain Planning 246

The Logistics & Supply Chain Management Society

AUGUST 20, 2020

Procurement. Procurement can also have RPA do dynamic searches of websites to source or conduct market research for future buys and tenders. Procurement can also have RPA do dynamic searches of websites to source or conduct market research for future buys and tenders. Purchase Order Management.

Supply Chain Software 246

Supply Chain Software Supply Chain Planning Software Optimal Sourcing Agile and Lean Supply Chain 246

GlobalTranz

JUNE 1, 2015

Customer expectations of reliable quality and rapid delivery forces today’s manufacturers to either shorten cycle times or lose business. There are multiple good models for lean manufacturing operations. Who Needs Lean Manufacturing? Lean Manufacturing Planning and Implementation. Establish time-tables.

Manufacturing Procurement 120

Manufacturing Procurement Agile and Lean Supply Chain Waste Reduction Inventory Reduction 120

The Logistics & Supply Chain Management Society

NOVEMBER 22, 2022

Travin Singh (creator behind Crust Brewing) realised that if he could find bakery partners, he basically had access to a cheap local source of beer making raw materials. 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.

Manufacturing Procurement 245

Manufacturing Procurement Material Savings Singapore Waste Reduction 245

SYSPRO Smarter ERP

NOVEMBER 3, 2021

Manufacturers and distributors experienced huge supply chain disruptions due to the pandemic which exposed many vulnerabilities and tested the resilience of supply chain leaders globally. Manufacturing KPIs. In fact, SYSPRO research revealed that 60% of businesses were impacted by supply chain disruptions during the pandemic.

Manufacturing Procurement 105

Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain 105

ToolsGroup

APRIL 1, 2022

82% of people have concerns that the supply chain will ruin life plans, such as birthdays, vacations, holidays, and the purchasing of necessary items. Thanks to container prices rising as much as 600%, money that could be used for advertising went to freight companies instead. Source: Consultancy.UK. Image source: Fortune.

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

Supply Chain Shaman

MARCH 21, 2022

” Corporations serve international markets, and the source of rare minerals (so critical for the evolution of the green supply chain) is primarily Asia. Others argue the demise of global sourcing; might I add caution? Deaths in Hong Kong are at a record level as COVID outbreaks slow freight at Shenzhen and Qingdao ports in China.

Modeling 284

Modeling Supply Chain Planning Software Supply and Demand Supply Chain Design Software 284

Freightos

APRIL 25, 2024

Source: Freightos Air Index The Commercial and Ethical Impact Beyond the underlying costs, U.S. Both are exploring efforts that include shifting to ocean freight and establishing warehouses in the U.S., Expanding ocean freight efforts or scaling up domestic fulfillment centers may reduce air cargo demand and, as an extension, rates.

Cargo 293

Cargo Cost Reduction Strategies Price Reduction Material Savings 293

Freightos

DECEMBER 2, 2021

You might not think about shipping containers and ocean freight when you click “buy” on your Amazon order, but there’s a direct connection between the two. However, since buying goods manufactured primarily in Asia increased so significantly, demand quickly outpaced supply. But elevated freight rates have pushed costs to $4-5 per unit.

Price Reduction 177

Price Reduction Cost Reduction Strategies Freight Supply Chain Planning Software 177

Logistics Viewpoints

DECEMBER 17, 2024

Freight transportation makes up over 10% of total global carbon emissions. With rapidly increasing freight demand worldwide, it is expected to become the highest-emitting sector by 2050.1 On the other hand, increased reliance on faster but less eco-friendly modes like air freight during peak seasons could explain carbon increases.

Supply Chain Planning Software 161

Supply Chain Planning Software Procurement Solutions Supply Chain Software Cost Reduction Strategies 161

GlobalTranz

DECEMBER 22, 2020

To help shippers prepare, we will examine contributing factors that will play a significant role in the 2021 truckload freight market. Consumer Spending Shifts Will Continue To Impact The Truckload Freight Market. Rapid shifts in sourcing increased shipping spend and left routing guides useless for meeting demands.

Forecasting 156

Forecasting Forecasting Software Freight Inventory Reduction 156

Supply Chain Shaman

NOVEMBER 2, 2018

At the time, we were both deployed as consultants for Manugistics to help a manufacturing company to implement end-to-end planning. There is no solution to optimize source, make and deliver together or drive bidirectional orchestration to execute trade-offs between functions automatically. Manugistics is now owned by JDA.).

Supply Chain Planning Software 170

Supply Chain Planning Software Supply Chain Network Software Manufacturing Procurement Supply Chain Design Software 170

Supply Chain Shaman

SEPTEMBER 10, 2020

For years Campbells strove to grow the soup category only to lose share in the soup category due to limited manufacturing capacity for the Swanson’s brand. Demand latency is the time from channel purchase to order receipt.) For example, Campbells Soup is struggling to keep up with the demand for soup, potato chips, and cookies.

Supply Chain Planning Software 409

Supply Chain Planning Software Supply and Demand Supply Chain Design Software Supply Chain Software 409

GlobalTranz

SEPTEMBER 14, 2016

However, following these 10 practices can help you learn how to reduce spend in the procurement supply chain. Many suppliers and manufacturers may have existing, internal analytics tools, but using these tools for benchmarking processes may be ill-fated. Consider Cyber Security Concerns in the Procurement Supply Chain.

Material Savings 120

Material Savings Manufacturing Procurement Optimal Sourcing Supply Chain Planning Software 120