The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Figure 1: Identifying gaps in supply chain competency Overall Findings from three segments of industry were identified namely logistics, manufacturing and trading. Manufacturing Industry: The manufacturing industry faces challenges stemming from material and labour shortages due to pandemic-related lockdowns.

Purchasing Skills 130

Purchasing Skills Buyer Training Asia Supply Chain Design Software 130

SYSPRO Smarter ERP

NOVEMBER 30, 2021

Ask manufacturing leaders what changes they plan to make in the next three years in the wake of the coronavirus pandemic, and they will likely say their use of technology will deepen as more and more players in their supply chains come to rely on digital connections for daily interactions. Talent gaps: ? Legacy systems:? Managing Inventory.

Forecasting 105

Forecasting Forecasting Software Inventory Management Software Supply Chain Planning Software 105

Precoro

AUGUST 31, 2023

Recall how manufacturers had to limit their on-site staff due to coronavirus safety regulations; more recently, food production in Ukraine was disrupted, which in turn affected the sales channels of Ukrainian products and everyone around the world who uses or distributes them. In situations like these, every cent matters.

Material Savings 105

Material Savings Cost Reduction Strategies Expense Reduction Price Reduction 105

Arena Solutions

MARCH 9, 2023

Since 2015, PTC has hosted LiveWorx , a global forum that brings together manufacturing executives, engineers, product designers, quality leaders, supply chain partners, and other like-minded individuals who are focused on harnessing disruptive technologies to manage uncertainty and transform their business.

Supply Chain Design Software 84

Supply Chain Design Software Supply Chain Planning Software Modeling Software Optimization Software 84

Taulia

JULY 7, 2022

Spend management is the practice of managing supplier relationships and purchasing across an organization to minimize cost and risk. Let’s look more closely at what procurement spend management is, the challenges companies may face in this area, and six steps organizations can take to boost the effectiveness of their approach.

Material Savings 52

Material Savings Purchasing Training Manufacturing Procurement Procurement Solutions 52

SCMDOJO

APRIL 11, 2023

It covers the basics of procurement, including procurement strategies, contract management, and supplier selection. You’ll also learn about supply chain management and the various stages of the procurement process. Pros: It forms part of the CIPS Level 2 Certificate in Procurement and Supply Operations qualification.

Supply Chain Design Software 115

Supply Chain Design Software Course Supply Chain Planning Software Supply Chain Software 115

Supply Chain Shaman

JUNE 29, 2022

The global supply chain that we know today is built on three assumptions: rational government policy, low variability, and availability of logistics. We can no longer assume that government policy is rational, variability is low or logistics are available. These core assumptions are no longer true. This reset is not an evolution.

Supply Chain Design Software 259

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Pricing Training 259

The Logistics & Supply Chain Management Society

JANUARY 3, 2024

Pushing the Supply Chain Reset Button by Lora Cecere , Founder, Supply Chain Insights Supply Chain Leaders Can’t Afford to Guess About the Future The global supply chain that we know today is built on three assumptions: rational government policy, low variability, and availability of logistics. These core assumptions are no longer true.

Supply Chain Design Software 130

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 130

Unleashed

NOVEMBER 28, 2022

Inventory replenishment is the process of purchasing the goods, components, and raw materials needed to build and sell products. It ensures products and materials are procured and delivered to the warehouse in a cost-effective, timely way. In this inventory replenishment guide: What is inventory replenishment? Let’s break these down.

Inventory Reduction 98

Inventory Reduction Material Savings Cost Reduction Strategies Resource Reduction 98

Supply Chain Shaman

DECEMBER 13, 2021

How do we seamlessly connect outcomes from optimization to policy, strategy, and rules? Over time, I watched the scope change from a broad view of designing processes from the customer’s customer to the supplier’s supplier to a more narrow view of distribution, logistics, or procurement to improve functional metrics.

Cost Reduction Strategies 377

Cost Reduction Strategies Price Mitigation Strategies Supply Chain Strategy Supply Chain Design Software 377

Resilinc

MAY 3, 2022

Both reports underscore the importance of training and develop a domestic workforce capable of staffing aerospace and defense industries. And the DOD promises to use its procurement and contracting power to “ diversify domestic and allied supply chains to support the on-shoring and ally-shoring of critical supplies.”.

Aerospace 62

Aerospace Security Negotiating Skills Manufacturing Procurement 62

Material Handling & Logistics

JANUARY 11, 2019

For procurement, uncertainty meets technology, most notably artificial intelligence, this year. Geopolitical and market events promise to make 2019 a challenging year for supply chain and procurement teams, one full of both increased risks and opportunity. trade policy has become less predictable. Source: CBOE Volatility Index.

Supply Chain Planning Software 66

Supply Chain Planning Software Supply Chain Software Supply Chain Design Software Optimal Sourcing 66

SCMDOJO

DECEMBER 18, 2023

In the world of manufacturing and maintenance, effective spare parts management is essential for maximizing equipment uptime and reducing costs. Optimized Purchasing Procedures: Implement optimized purchasing procedures by identifying fast-selling items, ensuring timely orders, and preventing overstocking of slow-moving products.

Inventory Reduction 65

Inventory Reduction Optimal Sourcing Expense Reduction Vendor Strategies 65

Supply Chain Matters

MARCH 21, 2024

Intel CEO Pat Gelsinger has specifically indicated that the plans for Columbus, Ohio complex include being: “ t he largest AI chip manufacturing site in the world.” In the area of fostering a skilled workforce, the announcement includes $50 million to train and develop local workforces, with provisions for the U.S sourced capability.

Supply Chain Planning Software 52

Supply Chain Planning Software Manufacturing Procurement Oregon Buyer Training 52

GlobalTranz

JANUARY 24, 2018

Companies will be looking for younger, motivated talent throughout 2018, and they will be offering unique benefits, such as paid training, tuition reimbursement and mentoring programs to encourage more people to pursue careers within the supply chain. This is the solution to the skills gap. This is the solution to the skills gap.

Omnichannel 162

Omnichannel Supply Chain Planning Software Negotiating Skills Cost Reduction Strategies 162

Supply Chain Shaman

SEPTEMBER 20, 2015

Source: Dictionary.com. How will the policy be executed? I find that in this world of the global multi-national that procurement processes have become convoluted and increasingly complex. (In In my opinion, we have made procurement increasingly complex without adding value. During the year, I go to a lot of conferences.

Inventory Reduction 150

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Supply Chain Strategy 150

NC State SCRC

SEPTEMBER 2, 2021

To avoid bombarding employees with conflicting messages from different sources, one person should be put in charge of communications. The team should organize scenario planning, simulations (“table top exercises”), and training. The demand signal for manufacturing was all over the place. Forecasting was useless.

Manufacturing Procurement 89

Manufacturing Procurement Scenario Planning Supply Chain Planning Agile and Lean Supply Chain 89

Unleashed

APRIL 25, 2023

Due to the high volume (and often, high value) of B2B customer orders, inventory management presents several unique challenges for manufacturers and wholesalers. The manufacturing industry is one example that specialises in the production and sale of B2B inventory. What is B2B inventory? What is B2B inventory management?

Inventory Management Software 52

Inventory Management Software Inventory Reduction Inventory Management Supply Chain Planning Software 52

Procurement Academy

MARCH 17, 2022

The origins of this shift can be traced back to China’s Open Door Policy in the late 70s and the fall of the Berlin Wall just over a decade later. Procurement suddenly had a wealth of low-cost markets to source from. For example, unexpected weather can cause serious delays if manufacturers are unable to fly in vital components.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Strategy Manufacturing Procurement Supply Chain Software 52

Arena Solutions

AUGUST 7, 2023

The development team often takes on NPD, which is the actual creation of the product to satisfy a market need—from pre-production to manufacturing. It’s called NPI instead of NPD because NPI is focused on the product from the manufacturing perspective. What’s your policy toward rights-to-repair? Will your product be sustainable?

Supply Chain Design Software 67

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Optimal Sourcing 67

QAD

JULY 8, 2021

One of the reasons cited for the shortage was insufficient forecast information to provide adequate planning for the 22 week lead time, which is typical of semiconductor manufacturing. Long-term planning information is critical for the lower tier suppliers to plan and purchase their materials wisely. via terms and conditions)?

Supply Chain Planning Software 87

Supply Chain Planning Software Forecasting Forecasting Software Manufacturing Procurement 87

Supply Chain Shaman

DECEMBER 13, 2021

How do we seamlessly connect outcomes from optimization to drive policy, strategy, and rules? How do we drive bi-directional orchestration across source, make and deliver? And, in the strategy documents that I review, most manufacturing teams are rebranding historical work as digital. How does this change the current incentives?”

Sourcing Strategies 195

Sourcing Strategies Cost Reduction Strategies Supply Chain Design Software Price Mitigation Strategies 195

ThroughPut

DECEMBER 3, 2019

Most importantly for ThroughPut, manufacturing and logistics operations in the industrial world are about to pick back up until Christmas. Back in the real world, I setup my new team to execute without me, creating a training system to empower newer younger employees. So why would you expect the same from a startup?

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Quality Manufacturing 52

Supply Chain Opz

JUNE 23, 2014

4) Combine Multiple Methods Sometime you have multiple sources of forecast data (your own forecast from historical data, forecast adjusted by sales team, forecast from customer) what you should do in this case? Improvement in this area can be done through a proper use of storage policy.

Inventory Management Software 220

Inventory Management Software Inventory Management Inventory Reduction Inventory 220

SCMDOJO

APRIL 26, 2023

Category management is a procurement strategy that involves grouping similar products or services together into categories and managing them as a single unit. This approach can help organizations streamline their procurement processes, negotiate better deals with suppliers, and ultimately save money.

Procurement Solutions 82

Procurement Solutions Manufacturing Procurement Procurement Analytics Optimal Sourcing 82

QAD

JUNE 8, 2021

The Guardian stated : “The technology industry faces a growing shortage of semiconductors and other high-tech components following a failure to invest in new manufacturing facilities during the recession, experts have warned.” Lack of or ineffective periodic review of supplier assessments against customer requirements/policies.

Supply Chain Software 97

Supply Chain Software Automotive Demand Planning Software Forecasting Software 97

Supply Chain Matters

FEBRUARY 12, 2024

Manufacturing Employment Impacts Across Europe and the United Kingdom , a significant period of production contraction has led to added manufacturing job losses. With government trade policies favoring more domestic sourcing of deemed strategic supply networks such as semiconductor devices, there are already indications across the U.S.

Negotiating Skills 59

Negotiating Skills Predictive Analytics Software Supply Chain Planning Software Supply Chain Software 59

Supply Chain Shaman

JUNE 6, 2013

This does not come easily, and requires training. It combines decisions across sell, deliver, make and source processes to drive value based outcomes. They also are clear that the supply chain is defined outside-in based on the channel requirements and the underlying rhythms and cycles of fulfillment, manufacturing and procurement.

Supply Chain Planning Software 282

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Scenario Planning 282

Logistics Bureau

NOVEMBER 16, 2020

It touches many departments, from production, procurement, shipping, accounting, and finance to marketing, warehousing, research and development, and sales. For example, a member of the sales team could apply to become a purchasing agent, based on her experience of negotiating sales deals. Why Choose a Job in the Supply Chain Industry?

Supply Chain Planning Software 96

Supply Chain Planning Software Supply Chain Design Software Negotiating Skills Buyer Training 96

Supply Chain Matters

DECEMBER 13, 2022

Rather than the year 2020 being the extraordinary outlier that tested the limits of business, the year 2021 provided the catalyst for exposing pre-pandemic risk exposures related to global based outsourcing, global transportation stakeholder conflicts and the need for added skills-based training and retention needs among multiple businesses.

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Optimization Supply Chain Software Supply Chain Strategy 52

Enterra Insights

SEPTEMBER 29, 2021

… Consumer purchases and decisions will increasingly be voice-driven and machine-augmented, with companies’ relationship with customers machine-to-machine, values-based and digital-first.” Wong and Steinberg report, “Change in consumer demand is accelerating. ” Second, climate change is having an impact.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Planning 130

Arena Solutions

JULY 8, 2021

Product lifecycle management (PLM) enables original equipment manufacturers (OEMs), original design manufacturers (ODMs), and their supply chain partners to control and approve all of the data and processes that are tied to the product record from concept through design, development, and production. What Is the Purpose of PLM?

Supply Chain Design Software 59

Supply Chain Design Software Supply Chain Planning Software Demand Planning Software Modeling Software 59

Supply Chain Shaman

MAY 7, 2015

I find that the path to building an end-to-end value network usually goes through five distinct phases: improving transactional efficiency, data sharing, formulation of policy, building relationships and engaging in joint value creation. When source, make and deliver report to the same organization, progress is quicker.

Sourcing Strategies 150

Sourcing Strategies Resource Reduction Optimal Sourcing Cost Reduction Strategies 150

6 River Systems

JULY 25, 2019

Our supply chain involves a contract manufacturer, a third-party testing facility, warehouses to store inventory and a freighting company. For example, if my contract manufacturer is late with an order it can cause me to incur excess costs with the freighting and warehousing companies, respectively.

Supply Chain Planning Software 96

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Strategy 96

Supply Chain Shaman

OCTOBER 7, 2012

In the supply chain, variability and volatility come from many sources. The best way to start the design of an agile supply chain is to look at the sources of variability and market volatility that your supply chain encountered in the prior year. Ten years ago, the supply chain had two buffers: manufacturing and inventory.

Supply Chain Design Software 231

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Inventory Reduction 231

Elementum

FEBRUARY 7, 2024

Procurement: Automation streamlines procurement, from supplier selection to purchase order processing, improving speed, compliance, and cost efficiency through intelligent analysis. The manufacturing sector utilizes it for inventory control and supply chain management, ensuring real-time data accuracy.

Optimal Sourcing 78

Optimal Sourcing Optimization Software Modeling Prescriptive Analytics Software 78

EcoVadis

NOVEMBER 30, 2018

Environmental impacts in other industries, such as food and beverage, come from the production and sourcing of ingredients. While supplier collaboration can help companies better understand where their ingredients come from and how they are procured, engaging third parties in this kind of mission is not always easy.

Optimal Sourcing 40

Optimal Sourcing Sustainability Manufacturing Procurement Material Savings 40