31 Motivations for Reshoring Manufacturing & Updated Reshoring Stats

Cerasis

Many off-shore manufacturers have returned to the U.S., Those changes, along with high costs of transporting materials and finished goods to and from overseas locations, make the value of reshoring likely to become a compelling financial reality for many manufacturers. manufacturers hurried to produce off-shore, believing significant cost reductions and huge profits would follow. 70% of manufacturers indicate that volatile energy costs are a major concern.

6 Manufacturing Trends to Watch Out for in 2016

Cerasis

As we close the year of 2015, we want to take a look at some manufacturing trends for 2016. We look at 6 core areas that manufacturing companies will take a long look at as they gear up for a successful 2016. E-Commerce for Manufacturing. The Internet’s large-scale global penetration has spawned an increasingly large number of technology and web-savvy consumers, creating a huge opportunity for both industrial manufacturers and their end customers.

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Six Sigma Tools and Inventory Management

EMERGE App

Instead, it refers to a quality management improvement process used by large scale manufacturers. At first glance, there may not be much synergy between Six Sigma and inventory management. The first one is a highly disciplined approach to improving manufacturing processes, products and design. Next, we’ll explore whether it is still relevant today and what it means for inventory management. The term comes from statistical modeling of manufacturing processes.

Who said supply chains are boring?: Reader Email

Supply Chains Rock

For the first time since I started this blog in 2005 I will be posting an email from one of my fantastic readers. But plastic can also be recycled, and it doesn’t break (loss of inventory). Manufacturing Central. Who said supply chains are boring? Whenever I tell a friend, colleague or family member about my job as soon as the words "supply chain" are muttered I immediately see glassy eyes followed by a yawn or two.

Reimagine Supply Chain of the Future – agile, resilient, and balanced – LogiSYM July 2020

The Logistics & Supply Chain Management Society

As the fabric suppliers require the longest lead times, ZARA approves designs & initiates manufacturing after it gets feedback from its stores. Optimize global manufacturing capacities : Carry out a structured view of Mfg capacities by each plant, self as well as outsourced.

Supply Chain Risk Management: Could You Face a Category 4 Supply Chain Disaster?

Kinaxis

This involved in some cases, diverting some inventory bound for other regions. The fuel supply chain could be one of many chains affected by a hurricane, especially if the hurricane threatens the Gulf of Mexico hampering the oil fields like Katrina did in 2005. Up to date inventory status. This powerful feature lets a supplier or manufacturer see what would happen if the ports all closed, or the delivery mechanisms could not embark.

Missing: C-level Engagement to Address Supply Chain Disruption Risk

Talking Logistics

A 2005 study on the impact of supply chain disruptions revealed there is significant damage to a company’s financials and brand when a crisis or stoppage occurs. But surprisingly, a significant number of manufacturers are not being very proactive. In December 2015, GT Nexus and YouGov surveyed 250 senior manufacturing executives to gauge their outlooks for supply chains in 2016. Manufacturers see challenges everywhere: Political issues.

Factors Influencing Delivery Address Amendment - Infosys Blogs

Infosys Supply Chain Management

Industrial Manufacturing. Sometime in 2005, I had ordered a birthday gift hamper for my friend from one of the web based retailer in US, to be delivered on her birthday, which happened to be a couple of week later. Inventory and Capacity Visibility to Order Management System. As, there is no postcode change in this case, there is no change in inventory sourcing warehouse and delivery van route. Hence, address can be amended without re-checking inventory and capacity.

The Pandemic Motivates Changes in the Food Supply Chain

Enterra Insights

In addition to government guidelines for the food supply chain, the Consumer Brands Association (CBA — formerly the Grocery Manufacturers Association) started a review of supply chain infrastructure, particularly that portion associated with food industries. Retailers requiring additional resources to fulfill needs at grocery stores are provided links to sellers that have available product inventory, shipping/transportation services, supplemental labor, and warehousing services.

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Lora Cecere Asks: Why Do People Question the Value of S&OP?

Logility

In 2005, I engaged with Sonoco Products, a packaging products and services company, to initiate some work on Sales and Operations Planning (S&OP). The two companies’ results on operating margin and inventory turns are shown in figure 1. Owens Illinois is investing 3X more in R&D than Sonoco Products; yet Sonoco products had 5X greater growth with 1/2 the inventory. Frequently, I get asked the question, “What is the value of S&OP?”

New Bookends: The Tale of Supply Chain Global Leaders in Consumer Products

Supply Chain Shaman

These giants drove slight improvements in operating margin, inventory turns and Return on Invested Capital (ROIC) despite a slowing economy. Over the past two years, P&G made impressive gains in operating margin and inventory turns, but the company failed to equal the ROIC test for asset utilization. With a strong manufacturing culture, much of the focus was on lean production systems. Definition. Bookends: To be positioned at the end or on either side of (something).

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Podcast: Marcia Williams on Supply Chain Optimization and Digital Transformation

Requis

For example, say I recommend an application that gives them full visibility into the supply chain, so that when they place an order, they know how much is in the inventory, how it’s coming and by what date, so they can start using it in manufacturing.

Toys R Bust: The Downfall of America's Favorite Toy Store

Elementum

In mid-March, Toys "R" Us announced plans to close down and liquidate the inventory for all 735 of its stores in the United States. billion leveraged buyout by Bain Capital, KKR & Co, and Vornado Realty back in 2005, Toys "R" Us was already standing on shaky ground by the time online commerce began to take off in a new era dominated by Amazon. Did supply chain problems have anything to do with Toys "R" Us going out of business?

How Did the Digital Supply Chain Evolve?

Supply Chain Game Changer

Accepting or submitting orders via email allowed companies to have electronic paper trails to maintain accurate inventory counts and keep clients satisfied. People were introduced to the concept of big data in 2005. A 2018 report found many global manufacturing companies were still in the early stages of their journeys toward high-tech solutions. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Digital Supply Chain Overview! Video).

Lora Cecere Asks: Why Do People Question the Value of S&OP?

Logility

In 2005, I engaged with Sonoco Products, a packaging products and services company, to initiate some work on Sales and Operations Planning (S&OP). The two companies’ results on operating margin and inventory turns are shown in figure 1. Owens Illinois is investing 3X more in R&D than Sonoco Products; yet Sonoco products had 5X greater growth with 1/2 the inventory. Frequently, I get asked the question, “What is the value of S&OP?”

Toys R Bust: The Downfall of America's Favorite Toy Store

Elementum

In mid-March, Toys "R" Us announced plans to close down and liquidate the inventory for all 735 of its stores in the United States. billion leveraged buyout by Bain Capital, KKR & Co, and Vornado Realty back in 2005, Toys "R" Us was already standing on shaky ground by the time online commerce began to take off in a new era dominated by Amazon. Did supply chain problems have anything to do with Toys "R" Us going out of business?

Delivery: A New Moment of Truth

Talking Logistics

Lafley defined back in 2005. Simply put, supply chain and distribution networks, which were originally designed to flow truckloads of products from large distribution centers to stores, are becoming outdated in this new market where speed of delivery and inventory reduction are paramount. And it’s not just retailers that are transforming their networks, it’s manufacturers too — including P&G.

Navigating the Unknowns of E-Commerce: Why Reinvent the Wheel?

Talking Logistics

This new customer-centric reality is prompting manufacturers and retailers of all sizes to revisit their strategies and capabilities to succeed in this highly- dynamic, highly-uncertain, and highly-competitive environment. Originally proposed in 2005, the planned facility no longer makes sense because “the nature of retail has changed since the project was announced 12 years ago,” said Delia Garcia, Walmart’s senior director of communications, as reported in the Merced Sun-Star.

This Week in Logistics News (September 3-7, 2018)

Talking Logistics

The first moment of truth in retail, as coined in 2005 by former P&G President and CEO A.G. This is yet another example of how retailers and manufacturers are trying to find the right balance between delivering an enhanced customer experience and finding the optimal mix of inventory, transportation, and labor costs. Walmart’s aim to reduce shipping costs means suppliers have to ship inventory to more locations, which adds cost and complexity to their operations.

Making Supply Meet Demand at America’s Food Banks

The UCLA Anderson Global Supply Chain Blog

Feeding America is a national human services agency that distributes food donated by large food manufacturers (such as Kraft) to a nationwide network of food banks (Figure). At each food bank, 20% of the foods is provided by Feeding America and the remaining 80% is donated by the local food manufacturers and distributors. To overcome this challenge, Feeding America set up a Task Force to find ways to reduce misallocations of food in 2005.

Judging Supply Chain Improvement: Campbell Soup Case Study

Supply Chain Shaman

We believe that a supply chain leader is defined by both the level of performance on the Effective Frontier (balance of growth, Return on Invested Capital, Profitability and Inventory Turns) and driving supply chain improvement. The balance factor tracks progress on both year-over-year growth and Return on Invested Capital (ROIC), and the strength factor is based upon improvement in both operating margin and inventory turns.

What Should Be the Role of the Store?

Supply Chain Shaman

More and more companies are struggling to make progress in operating margin and inventory cycles. To understand the pervasive nature of this change, consider Amazon’s 2012 announcement: “We now have more than 15 million items in Amazon Prime, this is up 15x since we launched in 2005. We are currently only registering manufacturers, retailers and distributors. I love retail research.

The DNA of a Digital Supply Chain

Aera Technology

By Shariq Mansoor Over the past decade, in an effort to keep up with an accelerating pace of business, manufacturing companies have invested billions of dollars into optimizing and automating their supply chain. We often lack the basic cross-business visibility we need to address the core challenges of reducing inventory, trimming costs and improving service level. Aera Technology announces the launch of its Cognitive Skills.

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My Take: E2open Buys Terra Technology

Supply Chain Shaman

The product naming convention changed to Demand Sensing (DS) in 2005. In 2007-2014 Terra added inventory management, multi-tier demand sensing, transportation forecasting, and long-term forecasting. In July 2013 E2open announced it acquired supply chain vendor icon-scm , and in June 2014 E2open announced its acquisition of SERUS Corporation, a “cloud-based manufacturing and product management provider.”

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Supply Chain Solutions – Foundation for the Omnichannel Revolution

RELEX Solutions

The company was founded in Helsinki in 2005, with a focus on using in-memory technology for rapid demand forecasting , inventory optimization , and replenishment automation. RELEX currently has nearly 200 customers (retail, wholesale, and manufacturing) in 20 countries. Bill McBeath of ChainLink Research published an article featuring highlights of what they learned at NRF’s annual conference in January.

Hans Willems, Boston Scientific: “We’ve now evolved into a solutions provider”

Supply Chain Movement

A Boston Scientific medical device is used somewhere in the world every two seconds, but the company is much more than a medical device manufacturer. The firm’s lean engineers and supply chain engineers help hospitals not only with inventory management and logistics but also with process improvements in catheterisation labs, for example.

Justifying Investments in Risk Avoidance

Supply Chain @ MIT

In my 2005 book The Resilient Enterprise: Overcoming Vulnerability for Competitive Advantage (MIT Press, 2005) I wrote that continuous security, resilience and risk mitigation efforts can be hampered by their own success. The strategy incurs higher costs in terms of capital expenditures, labor, and inventory, but the payoff is superior service. This supported an extremely lean build-to-order operation with minimal inventory. Relief and resilience.

8 Reasons Why Your Business’ Success Depends Upon Your Supply Chain

Logistics Bureau

Pioneered the use of vendor-managed inventory. Implemented cross-docking in its supply network to enable inventory reductions. Following its acquisition of competitor Maytag in 2005, Whirlpool found itself entering an unprecedented period of growth, at which point the management team recognised the need to continuously optimise its supply chain design and make it more flexible and adaptive to ride out economic fluctuations. Inventory shortages. Inventory Management.

36 innovative companies re-inventing and rethinking supply chain and logistics

6 River Systems

In addition to cutting the need for outsourced manufacturing, this move could give the company a leg up on the competition by making it possible to get products in the hands of consumers faster. 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. Additionally, the company’s manufacturing expertise will enable the reduction of production costs.

Jeroen van Weesep: ‘Make more room for intuition and trust’

Supply Chain Movement

As Vice President Supply and Inventory Planning Europe and Asia, Jeroen van Weesep is helping to safeguard and sustain that transition in the supply chain. The company got its financials back into the black in 2005, and last year it turned over 3.4 I’m responsible for the planning, extending from which Lego end products we manufacture up to delivery to the EU and Asian markets, and for the global capacity planning.

Best B2B Marketplaces in China

EMERGE App

B2B Marketplaces in China – Suppliers, Manufacturers, Distributors. It connects traders with global whole sellers, buyers, importers & exporters, manufacturers and distributors in over 240 countries , quickly and cost effectively. Chinese suppliers is to promote China’s manufacturing industry and foreign trade heavy industry to create B2B e-commerce platform. Founded in 2005.

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[INFOGRAPHIC] Supply Chain Planning: 4 Essential Year End Questions to Ask Yourself

Cerasis

For our readers, who are in the supply chain and manufacturing space, we want to share information that helps you stay strategic. Rather concerns over truck capacity constraints earlier this year pushed manufacturers and retailers to build up higher than normal inventories. As they work through that inventory, there will be “a healthy rebound” in freight volumes. By comparison during the last major driver shortage in 2005, trucking had 20,000 open jobs.

Cognitive Machines and the Future of Work

Aera Technology

Inventory are depleting below planned levels due to production disruptions?—?much However, delivering this type of operating system is a no easy task for a large enterprise in industries such as CPG, pharmaceuticals, manufacturing and others. These include ERP, CRM and systems for procurement, supplier and warehouse management and manufacturing. by Shariq Mansoor, CTO and Founder of Aera Technology You have an appointment in 90 minutes.

Innovate or Die: How’s Your eCommerce Strategy?

FLEXE

In 2005, department stores alone sold $60 billion in apparel; in 2015, it was half with nearly $28 billion shifting to online retailers like Amazon. On-demand warehousing solutions make it possible to solve for inventory overflow and add fulfillment centers with little-to-no risk and no long-term lease agreements. Cut transportation costs by positioning inventory closer to customers. Manufacturing locations. How much inventory you want to carry.

Bio-based Products Future is Promising, but Hurdles Exist

Supply Chain View from the Field

As an example, Chemical Manufacturing (NAICS 325) encompasses a variety of chemical manufacturing codes including petrochemicals (3251), but none for biobased chemicals. Manufacturers go through a certification process that has been developed in a partnership with ASTM International to ensure quality control and consistent results. The costs and time for individual firms to garner the life cycle inventory data from global suppliers can be cost prohibitive and time demanding.