Precoro

OCTOBER 6, 2022

With the global market expansion and deepening supply chain complexity, the roles of procurement leaders have evolved from tactical to strategic. Nowadays, procurement departments not only focus on the day-to-day buying operations but also search for the most efficient ways to go about them. How often do purchases happen?

Manufacturing Procurement 98

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Supply Chain Matters

DECEMBER 5, 2022

The Supply Chain Matters blog updates readers on added developments which now indicate that consumer electronics icon Apple is accelerating actions to source the company’s hardware component and assembly production to other countries. Background. Challenges have always surrounded the company’s reliance on China.

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Manufacturing Procurement Sourcing Strategies China Sourcing 52

EC Sourcing Group

JUNE 17, 2020

Sourcing and Procurement in Supply Chain Management. The terms “ sourcing” and “procurement” in supply chain management are often used interchangeably, although they are not quite the same. Procurement is a process and one link in the chain of the supply chain. Procurement is one step in that process.

Manufacturing Procurement 52

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Enterra Insights

JANUARY 6, 2023

We all know the storyline that insists advanced economies have moved on from the Industrial Age to the Digital Age and have become service-focused rather than a manufacturing-focused. ” Santhanam is one of a trio of co-authors who have labeled this manufacturing resurgence the “Titanium Economy.” ”[4].

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SCMDOJO

SEPTEMBER 18, 2023

Whether you’re a seasoned procurement professional or just stepping into the world of sourcing and acquisitions, understanding the nuances of procurement synonyms can make all the difference. So, get ready to elevate your communication skills and gain a deeper understanding of the procurement domain.

Negotiating Skills 97

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Supply Chain Matters

JULY 18, 2023

Supply Chain Matters highlights a published report indicating that PC maker Hewlett Packard is modifying supply sourcing akin to China Plus and nearshoring sourcing actions. That would include alternatives to China under the umbrella of either China Plus or de-risking sourcing changes. We pointed out that in 2022, more U.S.

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DELMIA Quintiq

JANUARY 27, 2020

Disaster preparedness is imperative everywhere, but that goes double for the manufacturing industry. With the right application of intelligent technologies, manufacturers and supply chain partners can more easily make proactive decisions, like diverting vessels and making other route changes. The Cloud and Data Resiliency.

Manufacturing Procurement 227

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ivalua

AUGUST 17, 2021

What does Procurement mean? An organization’s Procurement function is responsible for managing spend, in other words the buying goods and services that are used to make the products sold to customers as well as the purchasing of products and services used to run the organization on a day to day basis.

Manufacturing Procurement 130

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Unleashed

JANUARY 14, 2024

Manufacturing inventory management is crucial to the success and profitability of your manufacturing operations. It refers to the process of purchasing, storing, and tracking the various goods required to build a product. In this manufacturing inventory management guide What is manufacturing inventory management?

Inventory Management Software 52

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Synovos

APRIL 2, 2024

What is MRO procurement? Understand MRO procurement and your bottom line will benefit. The acronym refers to the materials required to keep your operation running, such as spare parts, engineering tools and test equipment. Why is handling MRO procurement so costly? MRO stands for maintenance, repair, and operations.

Optimal Sourcing 52

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QAD

DECEMBER 3, 2019

There is a developing trend that has been gaining steam in recent years that has the potential to seriously impact and “disrupt” food and beverage manufacturing. That trend has been referred to by a number of terms, such as “buying local” and “eating local”. Is “eating local” the next-generation of the “organic” trend?

Manufacturing Procurement 116

Manufacturing Procurement Material Savings Cost Reduction Strategies Expense Reduction 116

Arena Solutions

APRIL 4, 2023

The global manufacturing sector has seen an upswing, a technological renaissance of sorts. Since the start of 2012, more people graduating from college and universities are entering the engineering/manufacturing fields. The manufacturing sector has been severely impacted by this trend because production jobs are highly technical.

Manufacturing Procurement 74

Manufacturing Procurement Sourcing Strategies Inventory Reduction Cost Reduction Strategies 74

Supply Chain Shaman

APRIL 26, 2022

As a recent college graduate, he was chartered with running manufacturing discrete event simulation for an automotive company. He worked for the North American manufacturing team and struggled with the imposed standards by the centralized center of excellence. Tackling Procurement. He was frustrated. Historical Perspective.

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Supply Chain Matters

JUNE 9, 2023

Supply Chain Matters highlights for readers a published report noting how various manufacturers are seeking and establishing added resiliency and control of component and production networks. That would include alternatives to China under the umbrella of China Plus sourcing. We pointed out that in 2022, more U.S. billion in September.

Manufacturing Procurement 52

Manufacturing Procurement Expense Reduction Cost Reduction Strategies Resource Reduction 52

Synovos

DECEMBER 5, 2023

They were a new company that had taken over an existing manufacturing plant and lacked the infrastructure needed to keep the facilities in good working order, whether that was buyers to order parts or an accounts team to manage the purchasing process. It’s a juggling act between the finance and manufacturing side of the business.”

Manufacturing Procurement 52

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Precoro

JULY 16, 2023

The purchasing department plays a critical role in the success of an organization. Thought-out practices and well-managed workflows within the purchasing department are crucial for making sure that the company has the necessary resources available at the right time and at a reasonable cost.

Pricing Training 98

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Arena Solutions

JANUARY 4, 2022

According to a recent State of Manufacturing survey, 91% of manufacturers reported increased investment in digital solutions across both operations and production to help enhance supply chain resiliency, accelerate innovation, and deal with the long-term effects of the COVID-19 pandemic 1. Manufacturing in an Age of Disruption.

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Precoro

SEPTEMBER 2, 2022

For some businesses – usually smaller or with a single-source purchasing flow – it may be sustainable to react to the immediate needs. However, growing organizations that face increasing complexity recognize the value of thoughtfully-planned and managed procurement. Office supplies would be an example of indirect procurement.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Solutions Procurement Analytics Optimal Sourcing 98

Arena Solutions

MAY 3, 2022

The global shift from traditional internal combustion engine (ICE) vehicles to vehicles with electrified powertrains is underway, and it’s creating greater complexity for original equipment manufacturers (OEMs) and their supply chains. DEVELOP THE RIGHT SOURCING STRATEGY. Alliances with manufacturing specialists.

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Unleashed

JUNE 8, 2023

Behind every successful product business is a thoughtful procurement strategy designed to optimise the supplier management and purchasing process. This guide answers exactly what is procurement, how procurement works in a business , and which tools and strategies lead to supply chain success.

Procurement Solutions 52

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SYSPRO Smarter ERP

SEPTEMBER 6, 2022

The past two and half years have certainly brought a variety of challenges and opportunities that have made innovation not just a preference, but essential for manufacturers and distributors to thrive into the future. Optimizing the use of data for manufacturers. Obstacles on the data journey for manufacturers.

Manufacturing Procurement 111

Manufacturing Procurement Innovation Optimal Sourcing Manufacturing 111

Unleashed

MARCH 24, 2024

Many manufacturers use lean methods to cut costs and improve efficiencies in their business. But ‘lean’ is a very broad concept and the ways that manufacturers ‘go lean’ vary considerably. Here we look at the most common tools and techniques used to bring the advantages of lean into the modern manufacturing workplace.

Six Sigma 52

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The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Breaking Boundaries: Exploring Generative AI’s Impact on Supply Chains Supply chains encompass many interconnected activities, from procurement, production, and inventory management, to logistics and distribution. These activities involve numerous stakeholders, such as suppliers, manufacturers, distributors, and retailers.

Optimal Sourcing 244

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Arena Solutions

APRIL 12, 2022

As new players look to compete and acquire market share, established original equipment manufacturers (OEMs) are racing to launch new products and gain first-mover advantage. Although tremendous growth opportunity lies ahead for EV manufacturers, it doesn’t come without challenges. Managing Product and Environmental Compliance.

Manufacturing Procurement 89

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Supply Chain Shaman

NOVEMBER 15, 2023

PWC’s Digital Trends in Supply Chain Survey reports that 83% of manufacturers say that supply chain technologies have not delivered the expected results. When he speaks of the supply chain, he means procurement. Connect the Output of Supply Chain Planning Supply (planned orders) to Procurement Commodity Management.

Supply Chain Planning Software 386

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Silvon Software

APRIL 19, 2022

Procurement is one core process area being focused to better manage today’s fluctuating change, with key performance metrics leading the way to assessing and managing procurement performance. The Basics of Procurement KPIs. Every KPI needs a clearly defined goal. Supplier KPIs.

Optimal Sourcing 113

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EC Sourcing Group

APRIL 27, 2021

5 Benefits of Global Sourcing in Supply Chain Management. When the topic of global sourcing comes up, procurement managers often balk at global sourcing in supply chain management because they worry they will have to sacrifice quality or delivery when using global suppliers. Manufacturing. Why Is It Important?

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Supply Chain Game Changer

MARCH 9, 2022

Featuring Our 12 Best Procurement Articles! Procurement operations are the backbone of every company’s supply chain. Fundamental to procurement is the acquisition of goods and services from a party that’s further up the supply chain. This document is the first legal contract in the operational procurement process.

Optimal Sourcing 108

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The Logistics & Supply Chain Management Society

APRIL 26, 2022

by Stephanie Krishnan – Associate Vice President, IDC Manufacturing & Energy Insights Asia/Pacific, IDC Asia/Pacific. “By By 2025, to improve long-term supply chain profitability, 60% of manufacturers in global supply chains will invest in software tools to support sustainability and circular economy business models.”.

Supply Chain Design Software 264

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Supply Chain Matters

SEPTEMBER 21, 2022

In this particular posting, we share our review of: Profit From The Source- Transforming Your Business By Putting Suppliers at the Core. This book’s content is organized into three broad parts: How You Need to Change , specifically addresses making your suppliers and the procurement function as leadership imperatives.

Manufacturing Procurement 59

Manufacturing Procurement Sourcing Strategies Supply Chain Software Supply Chain Planning Software 59

Kanban Logistics

APRIL 17, 2023

During periods of growth, manufacturers of all sizes tend to come to the same realization: they’ve run out of space for equipment and people and need to expand. Historically, manufacturers utilized what’s now referred to as a “just in case” logistics model. Enter the Just in Time (JIT) delivery system. This took up (i.e.,

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Planning Software Modeling Software Material Savings 52

Logility

MARCH 1, 2022

Enhanced manufacturing planning and optimization capabilities allow businesses with multi-step routings to model continuous processes and scrap factors by step, as well as subsequent post-production steps in routing for inspection and clean-up. Logility’s 21.03 These factors include, but are not limited to, continuing U.S.

Supply Chain Planning Software 130

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EC Sourcing Group

DECEMBER 1, 2021

Demystifying Transportation Sourcing. 9/2/2021 – Guest Blog Post from Kumar Kannan of Procural. If you are like me, transportation sourcing is a mind boggling and complex field. This article is about creating value in transportation sourcing. This article is about creating value in transportation sourcing.

Optimal Sourcing 52

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SCMDOJO

JULY 3, 2023

In today’s fast-paced and competitive business landscape, organizations across industries are realizing the immense value of effective procurement practices. Procurement professionals play a vital role in driving operational efficiency, cost savings, and strategic decision-making. But how do you get started? Do not worry!

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Logility

DECEMBER 2, 2020

Blockchain Allows Brand Owners and Retailers to Trace Source Materials Ahead of Pending U.S. In addition, we see broad applicability across many industries as consumers demand greater visibility and understanding of where products are sourced and manufactured.”. ATLANTA/MIAMI — December 3, 2020 — Logility, Inc.,

Supply Chain Planning Software 130

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Enterra Insights

JANUARY 17, 2019

Nevertheless, over the past few years there have been some significant changes in the manufacturing sector, including the maturation of additive manufacturing and the emergence of the Internet of Things (often referred to as the Industrial Internet of Things (IIoT)). Manufacturing trends. ”[4]. Cognitive technology.

Manufacturing Procurement 100

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SYSPRO Smarter ERP

OCTOBER 27, 2021

In manufacturing, the Internet of Things (IoT) is the technology that will allow companies to purposely instrument their equipment and products to collect data and then use it to improve, experiment and develop value. IIoT refers to the usage in areas such as manufacturing plants and supply chains. Manufacturing efficiency.

Manufacturing Procurement 111

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