article thumbnail

The Power of Purchase Order Collaboration: A Game-Changer in Managing Direct Spend

Logistics Viewpoints

It is crucial for organizations to understand the importance of Purchase Order collaboration to effectively manage their direct spend, optimize operations, and mitigate risks. Make to Order: Here, products are manufactured based on specific customer orders.

article thumbnail

5 Key Trends in 2024 for Asian Manufacturers

SYSPRO Smarter ERP

Technology is becoming a major focus for Asian manufacturers. Many governments are incentivising companies to invest in new manufacturing technologies, and the manufacturing sector in Asia has undergone significant change in recent years. Manufacturing will continue to be shaped in 2024 and beyond, by technological advances.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Overcoming Supply Chain Disruptions with Shanna Greathouse and Tony Nichols

The Logistics of Logistics

He has over 25 years of experience across all functions of the supply chain and IT in multiple industries including consumer products, life sciences, and industrial manufacturing. She has led programs ranging from acquisitions to technology deployment with a strong focus on lean manufacturing and data management. About CarrierDirect.

article thumbnail

My Take: E2open Buys Terra Technology

Supply Chain Shaman

As an analyst in the supply chain market for 15 years, I have written many articles on best-of-breed technology companies purchased by a larger company. The initial software product release name was Real-Time Forecasting. DS replaced rules-based forecast consumption with better math (statistics and pattern recognition).

article thumbnail

Resilience and Agility in Supply Chains: Navigating Change in a Dynamic World

The Logistics & Supply Chain Management Society

These changes can significantly impact supply chains by affecting sourcing strategies, trade routes, and market access. The scarcity of skilled professionals in areas such as logistics, procurement, and data analytics can hinder the ability to effectively manage and optimize supply chains.

article thumbnail

Global Manufacturers' Supply Chains Strain to Keep Up With Faster Economy

Material Handling & Logistics

A slew of global purchasing managers indexes all point to deep supply constraints as this year's economy looks to be the strongest since 2011. A slew of purchasing managers indexes published on Jan. A slew of purchasing managers indexes published on Jan. Still, the global economy is forecast to expand 3.7%

article thumbnail

The Bullwhip Effect and How to Prevent It

SupplyPike

Improve Demand Forecasting. Reducing the bullwhip effect starts with improving the forecasting of customer demands. In the latter part of 2011, apparel retailer JC Penney rolled out a daily low-price model. When manufacturers keep changing the prices to discount amounts, they influence customer demand.