Remove Aerospace Remove Metrics Remove Procurement Analytics Remove Supply Chain
article thumbnail

Prescriptive Analytics for Supply Chain Optimization: 6 Powerful Use Cases 

ThroughPut

If there’s any piece of technology or analytics that can help with the most advanced data-driven decision-making in the supply chain right now, that’s prescriptive analytics. It is the most promising form of analytics in the market currently. What Is Prescriptive Analytics in Supply Chain?

article thumbnail

Supplier Quality Management: What it is, 5 Key Metrics to Know & a 4 Step Supplier Evaluation Process

GlobalTranz

Editor’s Note: This is the first in a three-part series on Supplier Quality Management processes and how to evaluate your suppliers from Chuck Intrieri of The Lean Supply Chain. Therefore, it is paramount for you as a logistics and supply chain professional to have a keen sense of how to properly evaluate a supplier.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Why You Should Conduct Internal Quality Audits

Arena Solutions

Many companies within aerospace and defense , electric vehicle (EV) technology , medical devices , biotechnology , and clean tech sectors are seeing lucrative business opportunities to compete in the market. In 2022 alone, the global aerospace and defense market size has grown from $795.92 billion to $855.62 billion in 2023.

Quality 88
article thumbnail

Will Arrogance Stunt your Growth?

Supply Chain Shaman

Last week in the middle of a presentation, a supply chain leader made the statement, “We have solved the issues in supply through better optimization and use of data. Many supply chain leaders are so convinced they know the answers that they have stopped listening and learning. The data models are wrong.

article thumbnail

Summary of Development and Manufacture Contracts in the Aerospace and Defense Industries

NC State SCRC

Our third contract research paper is by James Wilkinson, focusing on aerospace contracts which typically entail a great deal of risk (as illustrated by the Boeing 737 MAX incident…). The type of contract of interest in this report is for Development and Manufacture contracts in the Aerospace and Defense industries.

article thumbnail

This Week in Logistics News (July 23 – 29)

Logistics Viewpoints

This new partnership comes just months after Mattel sent two Barbie dolls into space as part of a collaboration with the International Space Station National Lab to encourage girls to consider aerospace, engineering and STEM careers. to get online orders to doors quicker and at a lower cost. Financial terms of deal were not disclosed.

article thumbnail

Procurement KPIs & Metrics: What To Focus on and How To Measure

Precoro

In today's competitive market, where it's not all about cost savings, tracking procurement performance and aligning it with business goals and objectives is a must-have. So how do you measure the effectiveness of procurement operations within your organization? What Are Procurement KPIs, and Why Use Them?