ThroughPut

JANUARY 2, 2024

The Just-In-Time inventory management approach revolutionized manufacturing forever. What is Just-In-Time (JIT) Inventory Management? Its central mission is to curtail inventory expenses and amplify operational efficiency by timing the receipt of goods to coincide with their actual need in the manufacturing cycle.

Inventory Reduction 52

Inventory Reduction Just-in-Time Resource Reduction Expense Reduction 52

ThroughPut

MARCH 25, 2024

Demand forecasting is a critical component of supply chain management, especially in the complex and unpredictable market landscape of 2024. Accurate forecasts are essential for maintaining inventory balance, ensuring customer satisfaction, and achieving financial stability. The main benefits of accurate demand forecasts are: 1.

Forecasting 52

Forecasting Forecasting Software Modeling Demand Planning Software 52

Supply Chain Matters

JUNE 7, 2023

In the not so optimistic category, the bank revised its 2024 global growth forecast to 2.4 The current forecast for 2024 growth is 0.8 That statement portends stubbornly high interest rates will likely extend into 2024. percent, down from the January estimate of 2.7 China is now forecasted to grow 5.6 percent in 2022.

Forecasting 52

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ThroughPut

APRIL 30, 2024

The platform is designed to enhance inventory management and provide accurate demand planning and forecasting, crucial for optimizing supply chain efficiency. Blue Yonder: Comprehensive Supply Chain Planning Solutions Blue Yonder is an omnichannel planning platform that enables order fulfillment. How AI Adds Value to Supply Chain Tools?

Supply Chain Planning Software 52

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Supply Chain Matters

JULY 18, 2023

based companies had indicated in survey data and in concerted actions that termed China Plus sourcing strategies that either explored alternative, nearshoring, or reshoring efforts were being undertaken. The basis of this report, based on company experiences and executive interviews was that “ the strategy looks more like China plus many.”

Sourcing Strategies 52

Sourcing Strategies Inventory Reduction Manufacturing Procurement Supply Chain Strategy 52

Supply Chain Matters

JUNE 4, 2024

Supply Chain Matters provides readers and clients with a further installment in our global supply chain assessment series in providing highlights on reported May 2024 global PMI activity levels. These investments include supplier order commitments, inventory building and capital expenditures. All rights reserved.

Manufacturing Procurement 59

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Supply Chain Matters

MARCH 6, 2024

Our perspective was that both of such niche market segment start-up players would be able to financially sustain themselves if industry demand for respective products were robust and that supporting supply chain and production strategies were well managed. Once more, the company has a stated goal to produce upwards of 22,000 vehicles in 2024.

Sourcing Strategies 52

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Vinculum

JANUARY 30, 2024

To succeed as a D2C brand in 2024, brands must: ● Build Omnichannel capabilities : Increasingly, a customer demands seamless interactions in all the channels they shop and return goods. Influencer marketing strategies: using social media influencers to endorse our brand can be priceless in building brand awareness and reaching new customers.

Optimal Sourcing 52

Optimal Sourcing Trends Procurement Analytics Sourcing Strategies 52

QAD

MAY 23, 2023

Ninety percent of companies have an ESG strategy in place and chances are good yours does, too – or will very soon. ESG Regulations are Driving Investment in Sustainable Procurement Regardless of where you stand on the ethics behind ESG issues, you’d think consumer demand would be a clear driver for sustainable product development.

Procurement Solutions 91

Procurement Solutions Supply Chain Planning Software Supplier Management Modeling Software 91

The Logistics & Supply Chain Management Society

JANUARY 3, 2024

In the sector, the bullwhip impact is high, the inflationary pressures of crude oil prices immense, the variability from energy outages painful, and inventories relatively low. If ERP system input includes lead time, why is there such bloat and a problem with inventory restatements? Focus on right-sizing inventories.

Supply Chain Design Software 130

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

Vinculum

JANUARY 30, 2024

To succeed as a D2C brand in 2024, brands must: ● Build Omnichannel capabilities : Increasingly, a customer demands seamless interactions in all the channels they shop and return goods. The post 8 D2C trends for growth in 2024 and beyond appeared first on Vinculum Group.

Optimal Sourcing 52

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Supply Chain Matters

APRIL 4, 2024

Publicis Sapient Announces Acquisition of Spinnaker SCA Digital business transformation company Publicis Sapient has announced the acquisition of Spinnaker SCA , a supply chain services firm that provides end-to-end supply chain strategy, planning and execution consulting services. No financial details were disclosed in the announcement.

Supply Chain Design Software 40

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software 40

Supply Chain Matters

JUNE 15, 2023

Earlier this month, the company broke ground for a $65 million expansion of the existing manufacturing facility located in Skowhegan, Maine , which will double the capacity of this facility by the end of 2024. sourcing product development and production strategy. Further noted was that a U.S.

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Planning Sourcing Strategies Manufacturing 52

Supply Chain Matters

MAY 3, 2024

Supply Chain Matters provides readers a further installment in our global supply chain assessment series in providing highlights on reported April 2024 global PMI activity levels. The April report was headlined with India’s manufacturers increasing input inventories to near record pace to prepare for increased output.

Manufacturing Procurement 52

Manufacturing Procurement Global Purchasing Skills Supply Chain Strategy 52

Supply Chain Matters

NOVEMBER 6, 2023

With output contracting for the fifth consecutive month and business optimism reportedly dipping to an 11-month low, the report pointed to cutbacks occurring in manufacturing employment, purchasing and inventory levels globally. percent in 2024. The October PMI reported value fell to a three-month low of 48.8, down from the 49.2

Procurement Analytics 59

Procurement Analytics Manufacturing Procurement Report Global 59

Supply Chain Matters

JANUARY 8, 2024

Commenting on the outlook for 2024, Chris Williamson, Chief Business Economist at S&P Global Market Intelligence noted in part: “ Given current order book trends, the overall picture from the survey is one of supply exceeding demand for many goods, which points to downside risks to production, employment and prices as we head into 2024.”

Manufacturing Procurement 52

Manufacturing Procurement Global Procurement Analytics Myanmar 52

ThroughPut

MAY 3, 2024

As we step into 2024, the world of logistics isn’t what it used to be. It helps coordinate the various supply chain activities, which include the complete range of procurement, development, implementation, commercialization, and delivery of the goods or services to the market. We’ve all been witness to this!

Procurement Solutions 52

Procurement Solutions Logistics Network Optimization Software Supply Chain Planning Software Prescriptive Analytics Software 52

Resilinc

JULY 26, 2022

For supply chain managers charged with semiconductor procurement, this statement from TSMC CEO CC Wei may be of the more direct interest. in revenue growth over Q2 2021, TSMC acknowledged that a portion of its extraordinary growth arose from customers stockpiling large inventories. While reporting 76% YOY growth in profit and 43.5%

Manufacturing Procurement 62

Manufacturing Procurement Gartner Inventory Reduction Price Reduction 62

EazyStock

APRIL 18, 2023

Supply chain managers and inventory management professionals face a constant barrage of supply chain crises, with one always waiting around the corner. In this blog, we focus on how supply chain and inventory management professionals can mitigate the impact of high inflation and interest rates. In 2022, inflation rates peaked at 9.1%

Supply Chain Planning Software 52

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ThroughPut

FEBRUARY 2, 2024

Static vs. Dynamic Inventory Management Without Advanced Supply Chain Analytics: Inventory management might be based on static rules or historical sales data, potentially leading to overstocking or stockouts. A company might order the same quantity of a product each month, not accounting for seasonal demand variations.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Predictive Analytics 52

Cathy Roberson

MAY 19, 2021

Busy times for all of us and in particular supply chain managers who are dealing with capacity constraints, delays, the rise of e-commerce, forecasting in this crazy environment, identifying and analyzing data, and putting the data to use in strategies. billion in 2024, a 60% growth from 2019.

Capacity 64

Capacity Modeling Supply Chain Planning Software Transportation 64

Supply Chain Matters

SEPTEMBER 6, 2022

According to this report, citing industry research firm B raemar , global ocean container fleet size is forecasted to grow 9 percent in 2023 and 2024 , while container volume growth will moderate in 2023 and rise slightly in 2024. This will be good news in stemming supply chain driven inflation trending. Added Perspectives.

Report 52

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ToolsGroup

OCTOBER 25, 2022

More than ever, seasonal inventory needs to be carefully accounted for during the demand forecasting and inventory planning process , ensuring right-sized inventory that can meet customer expectations while limiting the spend and use of working capital. Benefits of Effective Seasonal Inventory Management.

Inventory Reduction 156

Inventory Reduction Inventory Optimal Sourcing Supply and Demand 156

Supply Chain Matters

DECEMBER 4, 2023

A continued subdued product demand environment and added caution reportedly led to a decline in overall purchasing activity, lower levels of inventory and improved supplier delivery times. Pre -and post inventory levels, however, fell at a weaker rate with European manufacturers reportedly being less aggressive in de-stocking efforts.

Procurement Analytics 59

Procurement Analytics Manufacturing Procurement Report Global 59

Supply Chain Matters

JUNE 8, 2023

After revising both previously reported Q4-2022 and Q1-2024 GDP data, the European statistics agency Eurostat reported today that the combined 20-nation GDP for euro sector fell at annualized rate 0.4 percent in Q1 , having further declined in Q4-2022 after new revisions.

Ireland 52

Ireland Lithuania Pharmaceutical Malta 52

Supply Chain Game Changer

OCTOBER 8, 2020

Pay attention to these Digital Supply Chain predictions as you develop your own strategies for the future. Firms are in a panic to do carpet bombing to stay ahead when a slow methodical approach may be effective. The post Digital Supply Chain Predictions! appeared first on Supply Chain Game Changer™.

Predictive Analytics Software 74

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BlueYonder

DECEMBER 14, 2023

Puneet Saxena, Corporate Vice President of Manufacturing Industry Strategy at Blue Yonder, kicked off proceedings by welcoming attendees and setting the stage for the speakers and the panel discussion that were to follow. This year, the room was near capacity, and the number of companies represented was at a record level.

Supply Chain Design Software 70

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 70

ModusLink Corporation

DECEMBER 13, 2022

Carrier rates are declining across the board, and Seatrade Maritime News reported an “expected trough of freight rates to mid-2023 from 2024 with a lower demand forecast and a higher than expected effective capacity increase due to the unwinding of congestion. Alternative Fulfillment Strategies Will Be Key.

Agile and Lean Supply Chain 78

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Supply Chain Matters

SEPTEMBER 6, 2023

The overall pace of decline in overall new business was noted by the report authors as the steepest since January and have led Taiwanese manufacturers to lower their purchasing activities, drawdown inventory levels and continued staff level reductions. The inventories index decreased 2.1 Continued Contraction Levels for the U.S.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Global Price Reduction 52

Supply Chain Matters

MARCH 5, 2024

Supply Chain Matters provides highlights of reported February 2024 global and regional production and supply chain PMI indices. The February 2024 reading of 50.3 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

Supply Chain Matters

MAY 22, 2023

According to the April report commentary , the industry remains hopeful in new signs indicating that retailers and manufacturers are getting closer to working off the overall glut of inventories that resulted in 2022. The industry will likely not know the answer until 2024. The April report commentary took note that European and U.S.

Negotiating Skills 52

Negotiating Skills Inventory Reduction Cost Reduction Strategies Price Reduction 52

Enterra Insights

JULY 22, 2020

between 2019 to 2024, more than doubling in size. These include demand forecasting, predictive pricing strategies, inventory management, logistics and predictive maintenance.” That’s why spending on supply chain advanced analytics is on the rise. ” Predictive analytics and future supply chains.

Predictive Analytics 100

Predictive Analytics Predictive Analytics Software Analytics Software Supply Chain Planning Software 100

Supply Chain Matters

OCTOBER 6, 2023

Reportedly, destocking activities increased with finished product and raw materials inventories decreasing by the end of the quarter. As the final quarter approaches, businesses and their associated supply chain management teams must scrutinize their expected 2024 product demand and supply needs. was relatively unchanged from the 49.0

Manufacturing Procurement 59

Manufacturing Procurement Global Optimal Sourcing United Kingdom 59

Supply Chain Matters

FEBRUARY 14, 2024

The flexis capabilities are marketed to manufacturers seeking the ability to more flexibly schedule and sequence customer orders on production assembly lines, along with integrating with existing customer order systems for optimizing production dates based on inventory availability, production sequencing needs and transportation schedules.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Modeling 52

Supply Chain Matters

FEBRUARY 20, 2024

This report begins with the statement: “ Within Boeing’s facilities, teams of engineers labor away, working not on building new aircraft but instead on fixing problems with already-built inventory. Bob Ferrari © Copyright 2024, The Ferrari Consulting and Research Group and the Supply Chain Matters® blog. All rights reserved.

Supply Chain Network Software 52

Supply Chain Network Software System Sourcing Strategies Resource Reduction 52

ThroughPut

MAY 30, 2024

Material Requirements Planning (MRP) is a critical tool for manufacturers to effectively manage production scheduling, inventory control, and supply chain planning. Material Requirements Planning (MRP) is a computerized inventory management system that improves business productivity.

Material Savings 52

Material Savings Supply Chain Planning Software Optimal Sourcing Manufacturing Procurement 52

Unleashed

JUNE 23, 2021

Best practice inventory management – and the wider world of supply chain management – has played a big part in business survival through 2021. With that in mind, here’s our pick of the 10 most important inventory management trends for 2022. 10 inventory management for 2022: 1. Inventory analytics goes mainstream.

Inventory Management Software 80

Inventory Management Software Inventory Reduction Inventory Management Supply Chain Planning Software 80