Supply Chain Matters

FEBRUARY 5, 2024

Financial Performance South Korea based key supplier of high tech and smartphone semiconductor and memory devices, Samsung Electronics, reported disappointing Q4 and 2023 full year financial performance results. However, the ongoing trend of customers reducing inventory may mean that earnings will not significantly recover.

Electronics 52

Electronics Optimal Sourcing Modeling South Korea 52

Supply Chain Matters

MARCH 5, 2024

However, the published index indicated expansion level was rather mild, and was missing PMI data from South Korea which experienced a slight PMI contraction. We would add our observation that this is typical given the typical post Lunar New output increases derived from the seasonality of spring and summer inventory order rates.

Manufacturing Procurement 59

Manufacturing Procurement Global United Kingdom Purchasing Skills 59

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. 75% of procurement managers and Managing Directors from the EU and UK believe passing on increased raw material costs to customers is appropriate.

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

Supply Chain Matters

MARCH 3, 2022

This index complies a data set of 2 chosen variables for each of the economies of the Eurozone , China , Japan, South Korea , Taiwan, the United Kingdom and the United States. Of particular concern was the Inventory level index, which rose 9.1 A spillover index of Inventory Costs reached a reported all-time peak of 90.3. .

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Supply Chain Optimization Global 52

Logistics Bureau

MARCH 3, 2020

The impact on supply chains is particularly apparent in the following two broad areas— shipping and procurement of products/components/raw materials. COVID-19 Impact on Procurement. In South Korea , Hyundai announced the suspension of its production lines due to supply chain disruptions in China. Other Industries.

Manufacturing Procurement 59

Manufacturing Procurement Global Supply Chain Software Supply Chain 59

Logistics Bureau

MARCH 19, 2020

The US auto industry is expected to follow suit as stockpiled inventory becomes depleted. Examples are: Samsung Electronics , which is shifting part of its domestic phone production to Vietnam due to the rapid advance of COVID-19 in South Korea. It is also airlifting parts from China to its Vietnam operations.

Pharmaceutical 52

Pharmaceutical Supply Chain Strategy Manufacturing Procurement Supply Chain 52

Supply Chain Matters

AUGUST 3, 2023

Further indicated were signs of weakness occurring in China , Japan , Malaysia, South Korea , Taiwan and Vietnam. Morgan indicated in part: “ Near-term forward looking indicators also headed lower, most notably the finished goods orders-to-inventory ratio which fell further below 1,0 from an already contractionary reading.”

Manufacturing Procurement 52

Manufacturing Procurement Global Taiwan Optimal Sourcing 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

AUGUST 2, 2022

Samsung Electronics reported an over 21 percent rise in quarterly revenues for the South Korea based company, but the numbers reportedly ended a streak of three consecutive quarters of record revenue growth. Two noted bellwethers of consumer electronics and high-tech supply networks are Samsung Electronics and Apple.

Cost Reduction Strategies 52

Cost Reduction Strategies Supply Chain Planning Software Supply Chain Planning Price Reduction 52

Supply Chain Game Changer

FEBRUARY 27, 2019

Inventory Turnover Breakthrough … Go Back To The Basics! For instance, the bankruptcy of South Korea’s 7th largest shipping company (Hanjin Shipping) led to a dramatic reduction in global supply chain shipping capacity. Procurement departments must take the full burden of ensuring supplier consistency.

Supply Chain Planning Software 57

Supply Chain Planning Software Resource Reduction Price Reduction Waste Reduction 57

My Office Apps

MARCH 17, 2020

While China, Italy, Japan and South Korea are on lock-down, the same thing is happening at large and small companies in the states. Laundry Between Emails: Making the Most of the Coronavirus Pandemic. The Coronavirus is putting remote work to a gigantic test, and at a totally unprecedented scale.

Modeling Software 54

Modeling Software Supply Chain Network Software Logistics Network Optimization Software South Korea 54

6 River Systems

SEPTEMBER 17, 2019

In higher-traffic markets, Advance Auto Parts has “hub” stores that keep more inventory in-stock to give customers what they need when they need it. Bed Bath & Beyond is also implementing inventory reduction strategies and is on track for a 5% reduction year-over-year by the end of the current fiscal year.

Supply Chain Design Software 45

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Inventory Reduction 45

My Office Apps

MARCH 17, 2020

While China, Italy, Japan and South Korea are on lock-down, the same thing is happening at large and small companies in the states. Laundry Between Emails: Making the Most of the Coronavirus Pandemic. The Coronavirus is putting remote work to a gigantic test, and at a totally unprecedented scale.

Modeling Software 52

Modeling Software Supply Chain Network Software Logistics Network Optimization Software South Korea 52

Supply Chain Matters

FEBRUARY 5, 2024

Quicker declines in finished goods inventories and a softer reduction in pre-production stocks were noted. Renewed Expansion in South Korea The S&P Global South Korea Manufacturing PMI® was headlined with a reported renewed expansion in the country’s manufacturing sector at the start of 2024. increased 1.3

Manufacturing Procurement 52

Manufacturing Procurement South Korea Manufacturing Global 52

CH Robinson Transportfolio

AUGUST 14, 2019

As many shippers front-loaded inventory in the second half of 2018—especially the fourth quarter—to avoid potential tariff increases, the market saw drastic volume increases beyond what we’ve come to expect from years’ past. Higher inventories to avoid tariffs. Procure enough capacity. And, total imports on trade were up 1.4%

Forecasting 34

Forecasting Panama South Korea United States 34

Supply Chain Matters

OCTOBER 3, 2024

manufacturing and procurement activity levels, namely the ISM Report on Business Manufacturing PMI , and the S&P Global U.S. The S&P Global South Korea Manufacturing PMI® fell from 51.9 Finally, there is the Q4 holiday fulfillment quarter, with much of the inventory needs brought in earlier as a hedge to the U.S.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Manufacturing Global 52

Resilinc

JANUARY 23, 2024

Accomplished procurement veteran and author Tom Linton provides valuable insights into the supply chain risk management landscape in 2024 in this exclusive Q&A. In this Q&A, Tom shares insightful stories from his over 20 years in procurement and tells us what should be top of mind for supply chain managers in 2024.

Supply Chain Risk Management 98

Supply Chain Risk Management Risk Management Supply Chain Software Supply Chain Design Software 98

Resilinc

JULY 20, 2021

In the decades since, Linton and his teams at IBM, LG, Flex and other companies have driven billions in annual procurement to China and other Asian countries, helping to create the Asia-centric manufacturing supply chains of today. That has dramatically increased the cash tied up in inventory,” said Rogers.

Manufacturing Procurement 62

Manufacturing Procurement Manufacturing Puerto Rico Mexico 62

NC State SCRC

APRIL 22, 2017

The One Belt One Road project covers 65% of global population and 34% of global GDP – and this will connect the future of low cost locations with value added locations, and will exclude South Korea, Japan, the Americas, but the RCEP will link this countries in. This is a development that we all need to be more aware of.

Price Reduction 0

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