Logistics Viewpoints

MARCH 8, 2021

Mr. Frasquet is the executive director of corporate procurement, although his responsibilities include a much broader set of supply chain responsibilities than just sourcing. In Belcorp’s case they have four factories located in Colombia, Mexico, Peru, and Ecuador. How do we best handle surging transportation costs?

Supply Chain Design Software 255

Supply Chain Design Software Supply Chain Planning Software Supply Chain Transformation Modeling 255

SCMDOJO

NOVEMBER 2, 2023

Expertise: Sourcing, Supply Chain Analysis, Logistics & Transportation, Logistics Management Consulting, Freight (Maritime, Land, or Air), Logistics Technology Solutions. They come from a variety of backgrounds. Hire any of them as your supply chain consultant and see the difference! You can Hire Matias or start a conversation from here

Supply Chain Design Software 59

Supply Chain Design Software Negotiating Skills Optimal Sourcing Supply Chain Planning Software 59

Supply Chain Matters

JANUARY 10, 2023

2023 Prediction Three: More Direct Control in Strategic or Tactical Multi-tiered Direct Materials Sourcing will Continue to be a Prominent Element of Business Strategy for Chief Supply Chain or Chief Procurement Officer Efforts. . Canada or Mexico. Prediction Background. Higher cost levels will need to be mitigated or reduced.

Predictive Analytics Software 52

Predictive Analytics Software Resource Reduction Cost Reduction Strategies Manufacturing Procurement 52

Supply Chain Matters

JANUARY 3, 2024

The increased cost of working capital and supplemental inventory levels to mitigate fulfillment risk is likely to revert back to just-in-time inventory management. Truck and rail transportation movements across the Mexico and U.S.

Predictive Analytics Software 59

Predictive Analytics Software Sourcing Strategies Manufacturing Procurement Supply Chain Strategy 59

GlobalTranz

SEPTEMBER 23, 2021

A Possible Stimulus on the Horizon May Increase the Challenge of Procurement Through Peak Season. Hurricane season threatens to disrupt activities across the eastern seaboard and along the Gulf of Mexico. Delays and congestion worsen each year, inventory strains continually affect capacity, and customer needs remain ever-changing.

Prescriptive Analytics Software 308

Prescriptive Analytics Software Optimal Sourcing Pricing Training Negotiating Skills 308

Supply Chain Matters

JULY 20, 2022

front that retailers and certain businesses may have procured too much inventory , and now that these inventories have arrived, the challenge will be not to exposed to a decline in consumer buying activity in the months to come. There is further growing evidence on the U.S. percent of GDP to 6.2 percentage points from Q1 to Q2.

Manufacturing Procurement 98

Manufacturing Procurement Supply Chain Planning Supply Chain Strategy Supply Chain 98

ThroughPut

MAY 31, 2022

Capacity and inventory buffers: Building buffer capacity is the simplest way to build supply chain resilience, whether by way of maximizing productivity or building inventory to ensure that stockouts never happen – while at the same time ensuring that overstocking and wastage are never an issue.

Manufacturing Procurement 52

Manufacturing Procurement Expense Reduction Inventory Reduction Supply Chain Strategy 52

Supply Chain Matters

SEPTEMBER 6, 2023

From our lens, the August data further reflects ongoing shifts in production sourcing within specific industry sectors. The inventories index decreased 2.1 manufacturers are continuing to draw down inventory levels. The three specific regions of concern are the Eurozone, United Kingdom along with Taiwan.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Global Price Reduction 52

Supply Chain Matters

JULY 6, 2023

Source: S&P Global Intelligence, July 2023 Highlights of Regional Reporting- Good and Not So Good Continued Production Expansion Across India Increased product demand and manufacturing activity levels across India during June outpaced all other regions. product demand volumes. reflected a significant 3.5

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Global Price Reduction 52

Logistics Bureau

APRIL 3, 2023

For example, US-based companies may be quite fortunate if they have access to manufacturers right on their doorstep in Mexico, a country with far lower labour costs than the rest of North America. Through collaboration with your procurement partner, you can reduce inventory levels and then potentially downsize your warehouse capacity needs.

Optimal Sourcing 73

Optimal Sourcing Cost Reduction Strategies Material Savings Inventory Reduction 73

BlueYonder

MARCH 6, 2020

Lucky are the companies that can shift production to other countries like Mexico or Vietnam. where is my inventory,” and leverage ML-based recommendations to find alternate sources of supply and integrated execution capabilities to turn recommendations into alternate supply shipments. The third is exports to China.

Real-time Visibility 90

Real-time Visibility Modeling Supply Chain Planning Software Supply Chain Software 90

Enterra Insights

MAY 16, 2022

Reliable financial analytics across the enterprise — including branches, plant assets, fleets, and inventory — are required. A modern system can analyze hundreds of thousands of data points from different sources and tell you precisely what you need to do to stay ahead of the curve. Build value network capabilities.

Supply Chain Planning Software 130

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

BlueYonder

AUGUST 29, 2019

Those who source a significant portion of their goods from China. Also, those retailers who have not already diversified their sourcing options, as some of the major players have, will have little time to do that before the new tariffs kick in, putting them at a distinct disadvantage. increasing inventory before the deadline.

Optimal Sourcing 48

Optimal Sourcing Negotiating Skills Supply Chain Planning Software Manufacturing Procurement 48

ModusLink Corporation

NOVEMBER 18, 2021

When the product has a defect after its production, it is sent back to the inventory to reuse or recycle it. Sustainable procurement: consists of environmentally friendly purchasing that carry reduction, reuse, and recycle.

Waste Reduction 78

Waste Reduction Sustainability Material Savings Supply Chain Planning Software 78

Requis

AUGUST 13, 2020

12 trillion: the annual procurement spend by the Global 2000 (our estimate based on several sources, see image below). $3 trillion: the overall capex (procurement) spend for global energy in the past three years according to the World Energy Investment 2020 report by the IEA (who predicts a reasonable 20% decline in 2020). $25

Optimal Sourcing 64

Optimal Sourcing Supply Chain Design Software Material Savings Asset Management 64

6 River Systems

JUNE 10, 2019

Cut inventory costs Be it a brick and mortar store or an online business, inventory is always present and it costs money. To avoid skyrocketing inventory expenditure, you need to keep accurate inventory count. To avoid skyrocketing inventory expenditure, you need to keep accurate inventory count.

Sourcing Strategies 88

Sourcing Strategies Vendor Strategies Inventory Reduction Cost Reduction Strategies 88

Locus

JUNE 3, 2022

Source: Statista.com. Hurricane Ida struck the Gulf of Mexico in August 2021, destroying industrial installations for pharmaceuticals and plastics. Planning : Processes are designed to reduce emissions and meet demand with ethical sourcing. More time and energy is spent on forecasts to reduce inventory that is no longer in use.

Negotiating Skills 52

Negotiating Skills Negotiate Pricing Purchasing Skills Optimal Sourcing 52

BlueYonder

AUGUST 29, 2019

Those who source a significant portion of their goods from China. Also, those retailers who have not already diversified their sourcing options, as some of the major players have, will have little time to do that before the new tariffs kick in, putting them at a distinct disadvantage. increasing inventory before the deadline.

Optimal Sourcing 40

Optimal Sourcing Negotiating Skills Supply Chain Planning Software Manufacturing Procurement 40

Supply Chain Matters

SEPTEMBER 17, 2022

The company’s range of diverse business services spans many dimensions of industry specific logistics, inventory management, transport and last mile services. The sudden decline in consumer demand for either pandemic or other needed material purchases has caught many businesses with excess inventories and frankly, some surprise.

Cost Reduction Strategies 59

Cost Reduction Strategies Resource Reduction Inventory Reduction Sourcing Strategies 59

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

Supply Chain Matters

JULY 7, 2022

Noted in the June report was that among the five sub-indexes that constitute the manufacturing PMI , the production index, new order index and supplier delivery time index were all above the 50 threshold, and the raw material inventory index and employee index were all below. for June, compared to a reported value a value of 48.1

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Global Taiwan 52

NC State SCRC

MARCH 17, 2021

Christoper Matthews points out that a number of critical areas were impacted… “The power outages brought the world’s largest petrochemical complex to a standstill, forcing more plants in the Gulf of Mexico region to shut down than during Hurricane Harvey in 2017. as supplies tighten.

Texas 52

Texas Chemicals Supply Chain Design Software Supply Chain Design 52

Supply Chain Matters

OCTOBER 4, 2022

The orders-to-inventory ratio fell to another multi-year low last month as excess capacity continued to build at factories. Of particular concern, the New Orders sub-index declined more than 4 points, reaching a contraction value in September while the Inventories sub-index was 2.6 percentage points higher. up from a value of 53.7

Manufacturing Procurement 52

Manufacturing Procurement Global Manufacturing Trends 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. The October PMI reported value fell to a three-month low of 48.8, down from the 49.2 value reported for September.

Procurement Analytics 59

Procurement Analytics Manufacturing Procurement Report Global 59

Supply Chain Matters

SEPTEMBER 23, 2023

As expected, with the existence of this industry’s just-in-time inventory replenishment planning, the implications of the work stoppages are cascading across individual automaker’s supply networks. Today, China based EV automakers and suppliers have notable cost advantages in materials sourcing, production and labor costs.

Negotiating Skills 59

Negotiating Skills Cost Reduction Strategies Expense Reduction Inventory Reduction 59

Supply Chain Matters

OCTOBER 20, 2023

The industry’s news cycle has pointed to increasing inventories of unsold EV ’s at dealer lots. Future Production Capacity Bloomberg noted in its reporting that Tesla is now slow walking the automaker’s plans for a previously announced investment in a new factory complex in Mexico.

Price Reduction 52

Price Reduction Cost Reduction Strategies Inventory Reduction Purchasing Skills 52

6 River Systems

JULY 25, 2019

All of the above (and other down-stream KPIs and processes) are heavily influenced by the accuracy of a demand forecast: if the demand forecast is much more accurate, a company is more likely to have the right product, in the right quantities in inventory and will have less of the products in inventory that is not required.

Supply Chain Planning Software 96

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

ShipBob

SEPTEMBER 25, 2023

From that information, build a list of products that you know are legal for you to sell and stick with your regular inventory to avoid any legal mishaps. Your best bet is to simply sell the industrial hemp-sourced CBD, as it won’t have high THC levels and is accepted across the nation.

How To 98

How To Demand Planning Software Supply Chain Planning Software Analytics Software 98

Supply Chain Game Changer

NOVEMBER 8, 2018

This time the disaster was in Mexico. The spreadsheet format I developed to track the status of each part was critical because it became the document of record and the single source of the truth. We focussed on establishing Vendor Managed Inventory programs and improving our Lead Times and Parameter Management.

Price Reduction 50

Price Reduction Pricing Training Inventory Reduction Material Savings 50

NC State SCRC

SEPTEMBER 14, 2016

Jeff Townley, former Chief Procurement Officer at Nortel Networks, provided some fantastic insights in my MBA class this evening. ” The BAD – “Back in the 90s a lot was going to Mexico. Nortel had a plant in Calgary, that had to be moved to Mexico. This was Solectron, that was later bought by Flex.

Supply Chain Network Software 40

Supply Chain Network Software Negotiating Skills Supply Chain Design Software Six Sigma 40

6 River Systems

SEPTEMBER 17, 2019

In higher-traffic markets, Advance Auto Parts has “hub” stores that keep more inventory in-stock to give customers what they need when they need it. Bed Bath & Beyond is also implementing inventory reduction strategies and is on track for a 5% reduction year-over-year by the end of the current fiscal year.

Supply Chain Design Software 45

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Inventory Reduction 45

Requis

MAY 22, 2020

He is a consultant to Fortune 500 companies and US federal agencies, and a speaker with focus on the fields of strategic sourcing, supply market intelligence, and supplier development. Meanwhile, salespeople for suppliers were trying to work around procurement. For example, there are around 200 startups for procurement analytics.

Data 52

Data Manufacturing Procurement Supply Chain Design Software Agile and Lean Supply Chain 52

Logistics Viewpoints

JANUARY 13, 2022

As organizations look for reducing dependencies on concentrated sources of supply, Eastern Europe, Mexico, and South Asian countries will start providing viable alternatives to the current manufacturing powerhouse countries. AI plays a significant role in harnessing the power of this.

Supply Chain Design Software 236

Supply Chain Design Software Predictive Analytics Software Supply Chain Planning Software Supply Chain Software 236

NC State SCRC

DECEMBER 14, 2016

Planning and Execution (Howard) owns planning, inventory and production, with Logistics (Jerry) owning inbound and outbound. Managing inventory cost is always an issue, and it is often driven by a number of factors. When we are focused on inventory and Excess &Obsolescence (E&O) you know we are not doing well.

Supply Chain Planning Software 40

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Supply Chain Planning 40

NC State SCRC

DECEMBER 8, 2019

When it is not in motion, it is classified as inventory. But this took time – we had to “defrag” our supply chain, and eventually I learned we had 59 days of inventory. A simple chart was used to depict inventory, with the size of the indicative of the amount of cash tied up in that inventory. Likely, yes.

Supply Chain Design Software 52

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

Logistics Viewpoints

APRIL 8, 2022

Chipotle Mexican Grill says its goal to source and sell chicken that’s certified as humanely raised has been delayed because its suppliers weren’t able to make the necessary changes without disrupting supply. At the same time, the number of suppliers in China that received procurement bids declined by 9 percent in 2021.

Logistics Network Optimization Software 207

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Network Software Demand Planning Software 207

Talking Logistics

DECEMBER 20, 2017

Source: Evan, Flikr. “I SophiaTX Open Source Platform to Integrate SAP, Blockchain. Mexico and Canada are heading into 2018 with no clear plan for saving the North American Free Trade Agreement,” states a Bloomberg article published on December 15. UPS Joins Top Alliance To Create Blockchain Standards For Logistics.

Predictive Analytics Software 92

Predictive Analytics Software Supply Chain Design Software Supply Chain Planning Software Logistics Network Optimization Software 92