SCMDOJO

JULY 29, 2022

Economic order quantity is one of the “most commonly used inventory-control techniques”. The objectives and advantages of Economic Order Qty (EOQ) are to minimize inventory carrying costs and ordering costs while simultaneously limiting the probability of stock out to avoid any lost sales or customer loss. S = Cost per order.

Sourcing Strategies 131

Sourcing Strategies Inventory Reduction Cost Reduction Strategies Boston 131

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. Because Russia and Ukraine are leading exporters of grain, wheat futures in Chicago rose by almost 6% to $9.26 Material Handling & Logistics ).

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

SYSPRO Smarter ERP

APRIL 13, 2022

Even companies without a direct supplier connection in Russia or Ukraine will experience debilitating disruption across industries from energy to agriculture. On top of that, uncertainty over the conflict will lead to higher oil and natural gas prices worldwide, even if additional supply outside of Russia comes online.

Supply Chain Planning Software 111

Supply Chain Planning Software Price Reduction Cost Reduction Strategies Material Savings 111

SCMDOJO

MAY 2, 2024

Reduce Costs: By effectively managing disruptions and minimizing their impact, organizations can avoid costly downtime, production delays, and inventory shortages. Vera has worked in major Multi-National Companies like Royal Canin (MARS), British American Tobacco, Procter & Gamble, and RosAgro as a procurement director.

Agile and Lean Supply Chain 98

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SCMDOJO

MAY 2, 2024

Reduce Costs: By effectively managing disruptions and minimizing their impact, organizations can avoid costly downtime, production delays, and inventory shortages. Vera has worked in major Multi-National Companies like Royal Canin (MARS), British American Tobacco, Procter & Gamble, and RosAgro as a procurement director.

Optimal Sourcing 93

Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 93

American Global Logistics

DECEMBER 7, 2022

We had a hangover from the pandemic: Which led to continued inventory shortages, closures of manufacturing plants in China, congested ports, and underemployment. Trade basically ceased as ports closed because of western- imposed economic sanctions on Russia. Cargo planes could not fly out of or into Russia or Ukraine.

Russia 52

Russia Inventory Reduction Price Reduction Modeling 52

SCMDOJO

JUNE 28, 2024

Maryna has: 5 years of experience in procurement training and consulting. 10 years of experience in purchasing and procurement, the tobacco market in particular. Maryna has: 5 years of experience in procurement training and consulting. 10 years of experience in purchasing and procurement, the tobacco market in particular.

Negotiating Skills 93

Negotiating Skills Optimal Sourcing Purchasing Skills Supply Chain Design Software 93

QAD

AUGUST 16, 2022

Continued fallout, including transport congestion, limited air freight and rail freight transportation in the Asia-Europe lanes, because of the Russia/Ukraine conflict. QAD SRM delivers the tools to improve real-time communication and procurement processes and to counteract supply risks. Potential U.S.

Optimal Sourcing 98

Optimal Sourcing Supply Chain Software Manufacturing Procurement Supply Chain Design Software 98

Precoro

MARCH 22, 2023

By destroying Ukraine’s agricultural infrastructure and ports, Russia has seriously destabilized supply chains for numerous commodities such as wheat, barley, maize, rapeseed oil, sunflower seeds, and sunflower oil. Both Ukraine and Russia are among the most important producers of the abovementioned commodities in the world.

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Disruption Supply Chain Planning Software Material Savings 52

Supply Chain Matters

MARCH 22, 2022

There are additionally the usual downside caveats that include further imposition of sanctions or consumer and business boycotts related to Russia. The OECD report reinforces that both Ukraine and Russia are large producers and exporters of key energy, minerals and basic food commodities. Anticipate higher interest rates in the U.S.

Forecasting 52

Forecasting Ukraine Price Reduction Inventory Reduction 52

BlueYonder

OCTOBER 30, 2023

In order for logistics, procurement and distribution to align with the general advancements of the industry itself, these critical areas must give in to a more comprehensive transformation. The automotive industry has shown itself to be brave in recent times, in all areas but one: the supply chain.

Automotive 100

Automotive Agile and Lean Supply Chain Manufacturing Procurement Supply Chain Planning Software 100

Supply Chain Matters

JANUARY 6, 2023

Downside risks that include monetary policy miscalculations, an uncertain outcome to the ongoing Russia-Ukraine conflict and further supply network disruptions as a result of more far-reaching spread of Covid variant infection rates across China. The three largest global economies ( Europe , United States , China ) expected to stall.

Predictive Analytics Software 98

Predictive Analytics Software Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain 98

o9 Solutions

JANUARY 5, 2023

From the earlier post-pandemic shocks to the Russia-Ukraine conflict and the acceleration of energy transition, these factors have caused further uncertainty for the oil and gas industry. Keeping optimal inventories by providing visibility into your on-hand and in-transit inventories. Reducing demurrage and transportation cost.

Modeling 52

Modeling Optimal Sourcing Supply Chain Planning Software Supply Chain Network Software 52

Supply Chain Matters

MAY 23, 2022

to Asia , as well as the European consequences of the ongoing Ukraine-Russia conflict as now driving added index volatility. Also reported was less change in Inventory and Warehousing metrics as costs continue to grow and capacity remains tight. Warehouse inventory levels are noted as remaining quite high. s major retailers.

Supply Chain Optimization 59

Supply Chain Optimization Supply Chain Planning Software Supply Chain Software Supply Chain Strategy 59

Supply Chain Matters

JUNE 8, 2023

The concern for economic recession was especially focused on Europe with the ongoing hostilities of the Russia and Ukraine conflict and with residual high levels of inflation. Inventory will be a key concern as CFO ’s continue to monitor working capital efficiencies, erosion of margins or expected declines in economic growth.

Ireland 52

Ireland Malta Lithuania Pharmaceutical 52

Supply Chain Matters

JUNE 3, 2022

An accompanying report commentary noted in-part: “ Notably, expectations of continued supply chain difficulties, rising costs, the Russia-Ukraine war and tighter pandemic-related restrictions in mainland China meant that firms are now anticipating a fall in output over the next twelve months. This index rose to 54.7 in May from 51.7

Procurement Analytics 52

Procurement Analytics Manufacturing Procurement Supply Chain Planning Report 52

Supply Chain Matters

MARCH 3, 2022

Of particular concern was the Inventory level index, which rose 9.1 Specific commentary from the report authors observed: “ Now it seems that a combination of over-ordering to avoid shortages, late-arriving goods due to supply chain congestion, and a softening of consumer spending has created a logjam, Inventory Levels a full 21.4

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Supply Chain Optimization Global 52

Supply Chain Matters

SEPTEMBER 9, 2022

The New York Times reported this week (Paid subscription or metered view) that the ongoing effects of the hostilities involving Russia and Ukraine , and the consequent impacts of severe power shortages in the coming weeks are menacing the continent: “ with what some fear could become its most challenging economic and financial crisis in decades.”.

Manufacturing Procurement 52

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Supply Chain Matters

MAY 3, 2022

The report further indicated that Inputs, expressed as supplier deliveries, inventories and imports, continued to constrain production expansion. The impacts of the Ukraine-Russia conflict and severe sanctions on Russia impacting key commodities and energy markets are yet to play out in qualitative and quantitative dimensions.

Manufacturing Procurement 52

Manufacturing Procurement China Purchasing Skills Supply Chain Planning 52

Supply Chain Matters

JULY 7, 2022

Noted in the June report was that among the five sub-indexes that constitute the manufacturing PMI , the production index, new order index and supplier delivery time index were all above the 50 threshold, and the raw material inventory index and employee index were all below. for June, compared to a reported value a value of 48.1 in March.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Global Taiwan 52

GlobalTranz

FEBRUARY 13, 2017

According to PLS Logistics , global companies will install procurement managers in China for entire organizations by 2025. Meanwhile, Brazil, Russia and India will become major suppliers as companies access the remaining untapped resources of the world. Globalization Will Become More Important in Everyday Decisions.

Resource Reduction 205

Resource Reduction Inventory Reduction Trends Logistics Network Optimization Software 205

Elementum

JUNE 30, 2022

Over the last 2 years, Supply Chain teams have been struggling to procure and manufacture enough inventory. Suppliers will continue to ship orders in an effort to get the inventory off their books. Javier Echevarria has joined Ingredion as their Chief Procurement Officer. How could Stagflation impact Supply Chain?

Procurement Analytics 78

Procurement Analytics Supply Chain Design Software Supply Chain Software Supply Chain Planning Software 78

Supply Chain Matters

APRIL 1, 2022

Now the New York Minute is reflective of Russia waging war in Ukraine , precipitating a significant war footing on the European continent, the most significant since World War Two , including a widescale refugee crisis as Ukrainian citizens are forced to flee their homeland. Additional Thoughts.

Negotiating Skills 52

Negotiating Skills Manufacturing Procurement Sourcing Strategies Material Savings 52

Supply Chain Matters

MAY 3, 2024

The April report was headlined with India’s manufacturers increasing input inventories to near record pace to prepare for increased output. India The HSBC India Manufacturing PMI which led all regional reporting in March slipped 0.3 percentage points to 58.8 for April, compared to 50.8 reported for March. All rights reserved.

Manufacturing Procurement 52

Manufacturing Procurement Global Purchasing Skills Supply Chain Strategy 52

Supply Chain Matters

JULY 25, 2022

Previous global materials sourcing and just-in-time driven inventory management policies were laid bear with the realization that supply risk was a more problematic and business critical dimension. The augmented inventory approaches, although troublesome and concerning, are a likely tactical manifestation of risk mitigation.

Sourcing Strategies 59

Sourcing Strategies Manufacturing Procurement Material Savings Predictive Analytics Software 59

Supply Chain Matters

OCTOBER 5, 2022

A caveat clearly stated is a high degree of uncertainty associated with this latest forecast due to shifting monetary policy in advanced economies along with the unpredictable nature of the Russia-Ukraine war. . Further Warning of Recession. © Copyright 2022, The Ferrari Consulting and Research Group and the Supply Chain Matters® blog.

Price Reduction 52

Price Reduction Inventory Reduction Global Forecasting 52

Supply Chain Matters

JUNE 14, 2022

Such forces re declining consumer demand, bloated inventory levels, added industry supply chain disruptions and higher levels of cost inflation. A ccording to the May report , growth is increasing at a higher rate for inventory costs, warehousing utilization, warehousing storage prices, transportation capacity and utilization.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain 52

Supply Chain Matters

JULY 6, 2022

Further reported was that about two-thirds of the company’s inventory was still in-transit at the end of the most recent quarter. The company has announced plans to leave the Russian market because of operational and other challenges related to the ongoing Russia-Ukraine conflict. Bed Bath & Beyond.

Supply Chain Disruption 52

Supply Chain Disruption Inventory Reduction Examples Supply Chain Strategy 52

Supply Chain Matters

AUGUST 3, 2022

Also highlighted was that purchasing activity, stocks of purchases and finished goods inventories collectively rose in July. There are signs of new orders softening- cited in 16 percent of general comments, compared to 17 percent in June- as panelists are increasingly concerned about excessive inventories and record high lead times.”. .

Manufacturing Procurement 99

Manufacturing Procurement Global Manufacturing Taiwan 99

Supply Chain Matters

SEPTEMBER 6, 2023

The top producing nations by notion of highest PMI levels were noted as India, Indonesia, Myanmar, Greece and Russia. The inventories index decreased 2.1 manufacturers are continuing to draw down inventory levels. Reportedly business optimism has dipped to its lowest levels during the past nine months.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Global Price Reduction 52

Supply Chain Matters

SEPTEMBER 6, 2022

We also concluded that there would not be a peak shipping season this year because of both muted production levels as well as the high levels on inventory that exist in warehouses across the globe, and especially across the United States.

Report 52

Report Global Scenario Planning Forecasting 52

Supply Chain Matters

JUNE 24, 2022

Supply factors are the factor of multi-industry supply networks, inventory management and other strategies initiated or responded to by multi-industry supply chains and services stakeholders such as carriers and logistics services providers. That would be spot on, as well.

Supply Chain Disruption 52

Supply Chain Disruption San Francisco Supply Chain Strategy Supply and Demand 52

Supply Chain Matters

JULY 2, 2024

Of the 30 nations that were included in the June reading, India, Russia and Vietnam were the three most positive PMI readings. Various industry supply chain and procurement management teams are obviously going to have to differentiate as to two different narratives presented in these separate reports. compared to the 50.3

Manufacturing Procurement 52

Manufacturing Procurement Manufacturing Global Optimal Sourcing 52

American Global Logistics

JULY 14, 2023

Other geopolitical risks, such as tensions between Russia and Ukraine, along with unpredictable regimes in Iran and North Korea, have the potential to disrupt global supply chains as well. Brexit fallout, characterized by additional red tape, dislocated labor markets, and anemic trade growth, continues to affect supply chains 4.

North Carolina 52

North Carolina Supply Chain Software Modeling Procurement Analytics 52

Supply Chain Matters

JULY 28, 2022

China and India, along with the continued effects of the Russia and Ukraine conflict on the Eurozone sector. Walmart CEO Doug McMillon indicated to investors at the time that inflationary costs related to rising fuel and inventory costs created more pressures on margins than previously expected and that the retailer was now adjusting.

Supply Chain Planning Software 52

Supply Chain Planning Software Forecasting Software Supply Chain Planning Supply Chain Software 52

E2open

DECEMBER 8, 2022

Uncharacteristically large deals can create demand spikes that statistically over-inflate a monthly demand forecast and disrupt future inventory and supply plans. This eliminates the need for manual interaction during procurement, increases RFP response rate percentages, and expands access to contract rates for shippers.

Supply Chain Network Software 60

Supply Chain Network Software Supply Chain Planning Software Analytics Software Forecasting Software 60

Supply Chain View from the Field

DECEMBER 16, 2013

I’ve had the good fortune to be presented with opportunities for compelling discussions with a significant group of leading thinkers, senior executives in procurement, logistics, and technology management over this past year. Procurement will play a key role in monitoring supply base conditions.

Predictive Analytics 117

Predictive Analytics Analytics Software Procurement Analytics Supply Chain Design Software 117