ToolsGroup

APRIL 1, 2022

Increased Shipping Costs, Delays, and Transportation Issues. 82% of people have concerns that the supply chain will ruin life plans, such as birthdays, vacations, holidays, and the purchasing of necessary items. 28% of global retailers have tried to find alternative sourcing options due to supply chain issues (RetailNext, 2020).

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

NC State SCRC

JULY 28, 2019

Low-cost country (LCC) sourcing is now a commonplace strategy for shrinking bottom line labor and material costs in most consumer products industries, including apparel, footwear, toys, and other manufactured products. Dow Chemical, for example, considers environmental concerns a critical feature of its policies and procedures.3

Manufacturing Procurement 40

Manufacturing Procurement Purchasing Skills Sourcing Strategies Sourcing 40

SCMDOJO

FEBRUARY 29, 2024

Current State of Supplier Performance Management Nowadays, the interest in improving supplier performance management methods has increased due to the increase in global sourcing and that of the global economy in particular (Gordon Sherry R, 2008). The questions that are most often asked are: What metrics should I use?

Vendor Strategies 55

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 55

Precoro

FEBRUARY 27, 2023

Where should you start when you want to create budgets, cut costs, or forecast future spending? After all, a clear picture of the company's procurement process is necessary to develop a sustainable future strategy and to avoid pitfalls that hold your business back. The answer is simple: spend analysis.

Analysis 52

Analysis Purchasing Skills Optimal Sourcing Procurement Analytics 52

Supply Chain Matters

NOVEMBER 23, 2022

Supply Chain Matters highlights an additional strategic sourcing announcement involving the future production of electric powered autos and vehicles in North America. Announcement. South Korea based LG Chem announced this week a planned $3.2 The facility reportedly will supply battery component needs for U.S. Under new U.S.

Automotive 52

Automotive South Korea Tennessee Manufacturing Procurement 52

GlobalTranz

MAY 20, 2015

When you choose a company to transport your freight or to supply you with the materials you need to manufacture a product, you are putting your hard work and reputation in their hands. The next posts in the series will break down metrics and issues to consider in SQM by industry and conclude with a case study on the application of SQM.

Procurement Analytics 120

Procurement Analytics Metrics Quality Supply Chain Planning Software 120

Supply Chain Game Changer

AUGUST 21, 2022

A global chemical manufacturer recently had to replace ships that transported bulk materials to ports. This chemical manufacturer is converting its entire distribution system to containers. While transportation is vital to the success of a supply chain, its use may not be optimal. Supply Chain 4.0

Inventory Reduction 104

Inventory Reduction Price Reduction Cost Reduction Strategies Material Savings 104

AIMMS

NOVEMBER 2, 2020

Most chemical companies think they have a high sales and operation planning (S&OP) maturity, but do they really? Cross-functional alignment is a complex challenge for chemical companies. If you’re curious about where your chemical company stands, take the assessment today. How mature is S&OP at your chemical company?

Chemicals 317

Chemicals S&OP Demand Planning Software Purchasing Skills 317

SYSPRO Smarter ERP

OCTOBER 11, 2021

While this is wrong for manufacturing in general it is especially wrong for process manufacturers – companies that produce food and beverages, paints, chemicals, pharmaceuticals, and cosmetics. This can be different as well as for the purchasing (e.g. grams for dry materials and litres for liquid ingredients). Inventory control.

Manufacturing Procurement 119

Manufacturing Procurement Manufacturing Supply Chain Planning Software Purchasing Skills 119

Supply Chain Shaman

JUNE 21, 2023

Almost two decades of reporting. For example, Monster Beverages beats Coca-Cola and PepsiCo, while Celanese outperforms Dow Chemical. Demand latency is the time cycle to translate a channel purchase to an order.) The analysis is now in its ninetieth year. But does it help the profession?

Gartner 391

Gartner Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 391

Elementum

OCTOBER 13, 2017

It's no surprise then that the company became a signatory of t he Chemical Footprint Project (CFP), a project of Clean Production Action, which provides a tool for benchmarking companies as they select safer alternatives and reduce their use of chemicals of high concern. What’s in it for Walmart? Walmart’s Offered Products.

Material Savings 97

Material Savings Manufacturing Procurement Chemicals Supply Chain Planning Software 97

AIMMS

MARCH 4, 2021

Most chemical companies think they have a high sales and operation planning (S&OP) maturity, but do they really? Cross-functional alignment is a complex challenge for chemical companies. If you’re curious about where your chemical company stands, take the assessment today. How mature is S&OP at your chemical company?

Chemicals 156

Chemicals S&OP Demand Planning Software Purchasing Skills 156

Unleashed

FEBRUARY 14, 2024

In accounting, finished goods inventory is the specific number of inventory or manufactured items that you currently have in stock available for customers to purchase. Finished goods inventory is reported as a current asset on your balance sheet. These raw materials can be purchased from suppliers or extracted from natural resources.

Inventory Reduction 52

Inventory Reduction Inventory Manufacturing Procurement Inventory Management Software 52

Supply Chain Shaman

JUNE 9, 2016

Today Thoma Bravo, a private equity investment firm, announced a definitive agreement to purchase Elemica, a provider of Supply Chain Operating Networks for the chemical industry. To build this model, I flew to Arizona to develop it with Carol Ptak of the Demand-Driven Institute. Together, we built this model.

Supply Chain Network Software 150

Supply Chain Network Software Prescriptive Analytics Software Supply and Demand Modeling 150

Supply Chain Shaman

MARCH 15, 2016

Sadly, I find each to have a limited view of supply chain analytics. Process industry leaders–chemical, consumer packaged goods, food/beverage–have greater issues using data, with software usability, and building effective connections to align and build effective relationships with trading partners. There are many reasons.

Supply Chain Software 150

Supply Chain Software Supply Chain Network Software Manufacturing Procurement Supply Chain Planning Software 150

Material Handling & Logistics

JUNE 25, 2018

So the CSR score too is more of a popularity contest than a consistent metric. The slideshow that follows, then, is our coverage of Gartner’s rankings, which includes both comments from Gartner’s analysts as well as our own analysis, based on independent reporting. Media Type. Media Credit. Privacy Settings. anonymous user. Media Type.

Gartner 81

Gartner Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 81

Talking Logistics

APRIL 27, 2016

As digitization continues to modify the global supply chain landscape, its unprecedented data sources and solutions will lead to not only the demise of disparate information systems, but to the rise of true, end-to-end, supply chain visibility. Improve lead times and performance. Identify shortage and quality problems along the supply chain.

Optimal Sourcing 100

Optimal Sourcing Optimization Software Supply Chain Planning Software Supply Chain Design Software 100

Supply Chain Game Changer

NOVEMBER 26, 2022

Oilfield services market, in general, covers manufacturers, repairers, and maintenance companies specializing in oil extraction and transportation. A general description of these oil and gas service companies could be that they manufacture, repair, and maintain equipment that is used in oil extraction and transportation. From USD 135.1

Logistics Network Optimization Software 70

Logistics Network Optimization Software Purchasing Skills Manufacturing Procurement Optimal Sourcing 70

6 River Systems

JULY 25, 2019

Additionally, the advancements and constant changes in technology and analytics play a huge role in supporting the success or failure of a modern day supply chain. As if this wasn’t enough, transportation costs are rising and forcing companies to constantly adjust and optimize. They are multi-national and do $3.5B/year.

Supply Chain Planning Software 96

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

Talking Logistics

DECEMBER 11, 2014

Three years later, he stayed with his $300-a-barrel prediction, but shifted the timeframe to 2020 (see the CBS News article, Another $300 Oil Prediction — and Why This One Matters ). Brent crude oil prices Dec 2009 – Dec 2014 (Source MoneyAM.com). Big Data and Analytics for Oil and Gas Transportation.

Predictive Analytics Software 201

Predictive Analytics Software Supply Chain Design Software Logistics Network Optimization Software Predictive Analytics 201

Supply Chain Opz

NOVEMBER 9, 2014

Whether you''re a manufacturing company in China, a sourcing agent in London or a world''s leading company in Silicon Valley, we''re all in a global supply chain networks. Research from APQC’s Open Standards Benchmarking in procurement shows that organizations without formal SRM programs report 121 percent longer supplier lead times.

Waste Reduction 274

Waste Reduction Cost Reduction Strategies Supply Chain Planning Software Inventory Reduction 274

Unleashed

JULY 11, 2021

Across Europe, EPDs are routinely factored into personal and corporate level purchasing and supply chain management decisions. Consumers are often disconnected from understanding or thinking about how products are manufactured, harvested, transported and of the resources required for their production, and sale.

Sustainability 98

Sustainability Manufacturing Procurement New Zealand Waste Reduction 98

Material Handling & Logistics

FEBRUARY 19, 2018

—corporate/executive manager with a transportation/warehousing company with 36-40 years of experience, living in the North Central region and earning $137,000. “My purchasing/procurement manager with a manufacturer of building equipment with 21-25 years of experience, living in the South Atlantic region and earning $36,00. “I

Survey 75

Survey Manufacturing Procurement Pharmaceutical Purchasing Skills 75

Unleashed

FEBRUARY 15, 2021

While tracing the origin of a food source and viewing transparent information about its manufacturing process has certainly grown over recent years – there’s no doubt the pandemic has sped up consumer demand for this. Key trends in the vitamin and supplement industry: 2021 report. Growing digital presence. Meat alternatives.

Food 93

Food Trends Industrial Industry 93

Provenance

AUGUST 13, 2018

A report proposing three system solutions that could reshape the industry and set the clean energy technology sector on a path to sustainability. Read the short version of this report on Medium. Chapter 2 of this report outlines some of the barriers observed to play a prohibitive role to transparency for REE mining and processing.

Modeling Software 56

Modeling Software Supply Chain Design Software Demand Planning Software Supply Chain Network Software 56

3PL Insights

JUNE 23, 2021

The latest report from April of 2021, shows the deficit dropped to $68.9 However, public pressure for stricter environmental regulations and green power sources, continue to jeopardize the stability of this industry. With record low unemployment rates leading into 2020, more people had disposable income to purchase vehicles.

Industrial 90

Industrial Industry Manufacturing Procurement Sourcing Strategies 90

Unleashed

NOVEMBER 27, 2019

Clark Products Limited (CPL) is a chemical importer, blender and wholesaler based in Hawkes Bay, New Zealand. Over the years, we’ve branched out into a wide range of janitorial, industrial and Food & Beverage Plant cleaning chemicals that are either imported or manufactured at our ISO9001 Certified Manufacturing Plant in Napier.

Price Reduction 75

Price Reduction Material Savings Sourcing Strategies Procurement Solutions 75

GlobalTranz

SEPTEMBER 19, 2016

The company also takes part in various environmental certifications, such as those that assure consumers that goods they purchase from Johnson & Johnson are packaged in materials that have been obtained through sustainable and responsible means. Electronics manufacturing can lead to some serious environmental and health hazards.

Manufacturing Procurement 120

Manufacturing Procurement Manufacturing Material Savings Industrial 120

Material Handling & Logistics

NOVEMBER 1, 2018

For years now, we’ve watched the old guard of the packaged-food industry get pummeled as consumers look to fill their grocery carts with trendier items bearing feel-good labels such as “natural” or “sustainably sourced.”. announced a new initiative that eliminates many chemicals from its jeans manufacturing process and reduces textile waste.

Manufacturing Procurement 65

Manufacturing Procurement Apparel Purchasing Skills Pricing Training 65

GlobalTranz

FEBRUARY 27, 2015

As a 3PL who offers a transportation management system we’ve integrated to many ERP software, we view the use of technology as an enablement tool for shippers to cut out unneeded waste and thus add more to the bottom line by saving money from such efficiency. That’s tougher. Increased bid competitiveness through pricing accuracy.

Manufacturing Procurement 120

Manufacturing Procurement Logistics Network Optimization Software Procurement Solutions Software 120

Freight Plus

JUNE 18, 2018

Although China offered to increase purchases of exports from the U.S. Machine tools operated by electro-chemical or ionic-beam processes, for working metal. Machine tools operated by electro-chemical or ionic-beam processes, other than for working metal. Rail locomotives powered from an external source of electricity.

Manufacturing Procurement 40

Manufacturing Procurement Supply Chain Planning Software Supply Chain Network Software DC 40