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The modern supplychain is a complex network of suppliers, manufacturers, distributors, and customers, all interconnected and reliant on a shared ecosystem of trust and accountability. As industries evolve and global markets expand, ethical considerations have become central to supplychain compliance.
While 87% of supplychain leaders say their organization has made significant investments to improve supplychain resiliency, 19% admit that today they are unprepared to face supplychaindisruptions due to supply shortages. “To net promoter score or similar metric) as a supplychain KPI.
Strategic sourcing and innovative solutions are often viewed as two distinct procurement tools, but they should not be seen in isolation. Think of them as apples and gearseach essential and effective on its own, yet when combined; they create a formidable mechanism for achieving procurement excellence.
Once upon a time, the world of manufacturing was a relatively stable place. But then, supplychaindisruption became the rule instead of the exception, consumers changed their tastes as often as their socks, and global competition started playing hardball. So how does a manufacturer navigate this rollercoaster?
It is crucial for organizations to understand the importance of Purchase Order collaboration to effectively manage their direct spend, optimize operations, and mitigate risks. From natural disasters to geopolitical tensions and the ongoing COVID-19 pandemic, supplychains have been significantly impacted.
Scaling manufacturing operations is crucial for business growth but presents unique challenges. Balancing increased demand with consistent quality and controlled costs is difficult but essential for manufacturers looking to expand. Successfully scaling manufacturing requires more than just adding resources.
Blog » Procurement on the Thames: Ivalua’s London Summer Symposium June 26, 2023 | | Thought Leadership by Eloise Barnum As businesses navigate through supplychaindisruptions, high inflation, and sustainability initiatives, procurement, and supplier management has taken center stage in driving change.
In March 2023, the Global SupplyChain Pressure Index fell to the lowest level since November 2008. While many might clap their hands and exclaim the end of three-years of unprecedented supplychaindisruption, I say, “Not so fast.” Over the past three years, supplychain cycles shifted.
Procurement and SupplyChain Management are essential functions that can help companies navigate these challenges, but they are often siloed and operate in separate departments. Their metrics are often misaligned as well – supplychain focuses on service and procurement focuses on the cost of acquiring materials and services.
SupplyChainDisruptions: A Survival Guide. Do you feel supplychain risk management is too complicated to implement? This article will show you how one of the worlds leading companies put a theory into practice and survive many supplychaindisruptions. Gather around! Literature Review.
Supplier Collaboration: Fundamental to Elevating Manufacturing Performance Supplier relationships are at the heart of manufacturing performance. That’s why supplier collaboration—that consistent, trusted, and responsive interaction between supplier and manufacturer—is pivotal to manufacturing success.
The disruptions and the themes are similar along with added observations. Resilinc Study Supplychain risk management technology provider Resilinc released this week this providers findings of the top drivers of supplychaindisruptions for 2024.
As supplychaindisruptions continue the procurement function should adapt to improve transparency, build collaborative relationships, and ensure sustainable sourcing practices, resulting in a stronger, more resilient supplychain with Cloud ERP for manufacturing.
SupplyChain Insights recently published a Metrics That Matter report covering both the Semiconductor and Hard Disk Drive (HDD) industries. Notice in the SupplyChain Insights report, there are only two HDD companies. Semiconductor is poised to consolidate, which will have huge impact on the metrics.
It’s the key to transforming your supplychain from a source of frustration into a well-oiled, profit-generating machine. Modern supplychains thrive on real-time data, execution-focused applications, and dynamic decision-making. That’s where data analytics comes in. The result?
In recent years, the overall state of Procurement has been bolstered by increased proficiency, expanding engagement, and a growing direct impact on operations. And they’re not the only ones—other department heads are also increasingly budget-conscious, creating a new opportunity to partner with procurement for better budget management.
For example, a vaccine manufacturer increased their order size by a factor of four in one weekend; a video call company wanted to receive ten times as much product as they initially forecast with just a month’s lead-time. Demand uncertainty does make it much more difficult for a supplychain to respond to customers’ orders.
Supplychain executives must evolve from cost and service as the key objectives for optimal demand-supply balancing towards the “quadfecta” of cost, service, resiliency, and sustainability. Inflation, pandemics, railway strikes, adverse weather events – the supplychaindisruptions keep on coming.
The Power of Source-to-Pay Digital Transformation To put it briefly, source-to-pay refers to the entire process that starts with finding, negotiating with, and contracting the suppliers of materials, goods and services, and culminates in the final payment for those items. Who Should Prioritize an S2P Digital Transformation?
Conversely, a student who quickly grasps procurement strategies can be challenged with advanced case studies and leadership projects. For example, a student might work on a project that involves analyzing sales data to predict future product demand, thereby learning how to adjust procurement strategies accordingly.
Manufacturers and distributors experienced huge supplychaindisruptions due to the pandemic which exposed many vulnerabilities and tested the resilience of supplychain leaders globally. In fact, SYSPRO research revealed that 60% of businesses were impacted by supplychaindisruptions during the pandemic.
Teradyne , a supplier of semiconductor testing equipment, pulled manufacturing worth about $1 billion out of China last year, a Teradyne spokesperson said on Monday, after U.S. export regulations led to supplychaindisruptions. percent year-on-year decline in cargo ton miles to 1.8bn, although this metric increased by 9.5
SupplyChain Map is the way to express a large system from the points of origin to points of consumption in simple to understand manner. Information from the annual report is also used to produce the Apple SupplyChain Map. Some re-sellers may also distribute products from the competing manufacturers.
While Contract Pharma & BioPharma manufacturers continue to experience an increase in demand for more projects, new challenges are emerging from nearly every angle including new regulatory and quality requirements, workforce shortages and of course, supplychaindisruptions. is likely to reach 2.1
Over the last decade, the role of the manufacturing and distribution CFO has undergone a profound shift. survey , 57% of manufacturing CFOs agree that proficiency and knowledge to create an effective plan to operationalize and transition the business into a digitalized and automated manufacturer is the most critical factor globally.
But some events are more disruptive than others. The recent outbreak of coronavirus has shaken communities and put companies that rely on manufacturing from facilities in Wuhan, China at risk. As soon as they have this information, these planners investigate alternative sourcing using scenario planning playbooks.
Not surprisingly a company this big, delivering different solutions to a variety of industries, has a complex supplychain. They source from approximately 15,000 suppliers with a sourcing spend of over €7 billion. Customization is provided for 5 different supplychains (for example, make-to-order, make-to-stock, etc.)
The global manufacturing sector has seen an upswing, a technological renaissance of sorts. Since the start of 2012, more people graduating from college and universities are entering the engineering/manufacturing fields. The manufacturing sector has been severely impacted by this trend because production jobs are highly technical.
The most interesting thing that Blue Yonder is doing from an OMS standpoint is driving promising and pre-sourcing to retailers. The data is all anonymous, but retailers can look at metrics such as time to fulfill, pack time, conversions, and ship versus pick-up, to name a few, across hundreds of Active Omni customers.
This blog explains The Key MRP Metrics in SupplyChain whcih every supplychain professional in Manufacturing or Distribution Businesses. Supplychain professionals will be familiar with the term Material Requirements Planning (MRP).
As global supplychains and procurement scrutiny become more and more complex, risks increase and the range of stakeholders who demand a compliant supplychain has increased from simply regulators to investors, providers, partners, consumers, and the media.
Before boarding the plane, I watched a traveler pull a diet Coke from the bin and thought about the struggle to source sweetener with the rise of COV-19. As I poured the dog food into the bowl for my pups, I wondered if I was going to have to switch kibble due to the looming issues of sourcing taurine—a health additive in many pet foods.
The manufacturing industry is currently undergoing a rapid digital transformation, and as a result, companies are generating vast amounts of data. In this blog post, we will explore how manufacturers can leverage this technology to achieve data-driven success. This enables managers to take swift action and keep production on track.
The sudden onset of Covid-19 only reinforced what supplychain professionals had already realized: uncertainty is the only real certainty. In their time lean manufacturing and just-in-time were game-changing concepts. A new hyper-focus to meet customer expectations is creating pressures upstream in the supplychain.
In today’s interconnected global economy, supplychaindisruptions have become a prevalent challenge for businesses across various sectors. These disruptions, broadly defined as a business’s inability to receive, produce, ship, and sell products, can have far-reaching consequences.
In one case, a long-time packaging manufacturer changed its reporting structure, putting in place a new manager responsible for the MRO supplychain. It opened the door for the introduction of continuous improvement, as well as cost avoidance opportunities at three client sites, including two that RS Integrated Supply staffs.
To deal with the new challenges in managing and planning the supplychain , the procurement department is one of the functions that should look at changing. It is no longer sufficient for procurement to focus just on supplier costs, placing orders and ensuring goods are received. Risk management.
One of the ways that procurement teams improve this figure is by tracking and improving the purchase price variance (PPV) metric. In this article, we'll explain what PPV is, why it matters, and how tracking this metric can benefit your procurement processes. Why Is Purchase Price Variance Important?
Driving Sustainable Growth Through SupplyChain Resilience. Every industry sector and every business across the board, in APAC and around the globe have been impacted by the Great SupplyChainDisruption over the last two years, causing a blow out of transportation costs and continuous delays at every stage of the channel.
The Art of Supplier Collaboration: Best Practices to Build Lasting Partnerships Dynamic market changes and global events seem to create newer demands and greater pressure on procurement professionals. This is especially important for manufacturers of luxury goods, for example.
Blue Yonders Chief Innovation Officer Andrea Morgan-Vandome joined Stephanie Krishnan, Associate Vice President for APAC at IDC, to share their insights on managing supplychaindisruptions quickly and intelligently. By breaking down silos, companies can move beyond simple collaboration and foster true cooperation.
Manage Make, Source, and Deliver Together. At the enterprise level, manufacturers and retailers focus on corporate efficiency. Leaders are blind that the most efficient supplychain (lowest cost) is not the most effective. Figure 1: Current State of a Global Manufacturer of White Goods. All are out of balance.
However, even the best supplychains struggle with a recurring issue – data integrity. The alignment of demand and supply is more difficult because most, if not all, supplychains have data integrity issues. Successful supplychain planning starts with data. New data sources.
In order to accelerate the learning, this article has gathered 20+ most sought-after supplychain case studies, analyzed/categorized them by industry and the findings are presented. Moreover, the aircraft manufacturers have to do whatever it takes to win the order long before the commencement of production.
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