ThroughPut

JANUARY 2, 2024

The Just-In-Time inventory management approach revolutionized manufacturing forever. What is Just-In-Time (JIT) Inventory Management? Its central mission is to curtail inventory expenses and amplify operational efficiency by timing the receipt of goods to coincide with their actual need in the manufacturing cycle.

Inventory Reduction 52

Inventory Reduction Just-in-Time Resource Reduction Expense Reduction 52

Freightos

JANUARY 30, 2024

More Resources Home January 30, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. Europe prices (FBX11 Weekly) fell 1% to $5,456/FEU.

Negotiating Skills 273

Negotiating Skills Optimal Sourcing Asia Europe 273

ThroughPut

APRIL 30, 2024

The platform is designed to enhance inventory management and provide accurate demand planning and forecasting, crucial for optimizing supply chain efficiency. Before AI entered the supply chain scene, the industry used quite a few tools to automate parts of the manually driven process. How AI Adds Value to Supply Chain Tools?

Supply Chain Planning Software 52

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ThroughPut

MARCH 25, 2024

Demand forecasting is a critical component of supply chain management, especially in the complex and unpredictable market landscape of 2024. Accurate forecasts are essential for maintaining inventory balance, ensuring customer satisfaction, and achieving financial stability. The main benefits of accurate demand forecasts are: 1.

Forecasting 52

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Supply Chain Matters

JUNE 7, 2023

In the not so optimistic category, the bank revised its 2024 global growth forecast to 2.4 The current forecast for 2024 growth is 0.8 That statement portends stubbornly high interest rates will likely extend into 2024. percent, down from the January estimate of 2.7 China is now forecasted to grow 5.6 percent in 2022.

Forecasting 52

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Synovos

JANUARY 24, 2024

RS Integrated Supply Joins Minority Supplier Development UK WARRINGTON, UK / RADNOR, PA 23 JANUARY 2024 – RS Integrated Supply, a global MRO supply chain management services company, announced it has joined Minority Supplier Development UK (MSDUK) as a corporate member as part of its commitment to growing a diverse supplier base.

Manufacturing Procurement 105

Manufacturing Procurement Procurement Solutions Purchasing Skills Optimal Sourcing 105

ToolsGroup

SEPTEMBER 18, 2023

Women have been making a significant impact in supply chain management, contributing to the growth and innovation of the supply chain industry. Read the Q&A with Inna Kuznetsova for her latest insights on AI, innovation, 2024 supply chain trends, and women in supply chain HERE. Go to [link] to view the full list of winners.

Supply Chain Planning Software 156

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ThroughPut

FEBRUARY 2, 2024

Static vs. Dynamic Inventory Management Without Advanced Supply Chain Analytics: Inventory management might be based on static rules or historical sales data, potentially leading to overstocking or stockouts. A company might order the same quantity of a product each month, not accounting for seasonal demand variations.

Prescriptive Analytics Software 52

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Supply Chain Matters

MAY 22, 2023

freight and logistics industry continues to mitigate recessionary conditions including the April 2023 Logistics Manager Index reaching its lowest level lowest level in six years and one-half years. freight, logistics and parcel movement industry. The industry consensus right now is that container volumes will decrease upwards of 2.5

Negotiating Skills 52

Negotiating Skills Inventory Reduction Cost Reduction Strategies Price Reduction 52

Supply Chain Matters

FEBRUARY 5, 2024

Key industry supply chain bellwether firm Samsung Electronics reported Q4 and full year 2023 financial performance, headlined as being the weakest profitability levels in a decade. However, the ongoing trend of customers reducing inventory may mean that earnings will not significantly recover.

Electronics 52

Electronics Optimal Sourcing Modeling South Korea 52

Supply Chain Matters

MARCH 6, 2024

Our perspective was that both of such niche market segment start-up players would be able to financially sustain themselves if industry demand for respective products were robust and that supporting supply chain and production strategies were well managed. Once more, the company has a stated goal to produce upwards of 22,000 vehicles in 2024.

Sourcing Strategies 52

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The Logistics & Supply Chain Management Society

JANUARY 3, 2024

The availability of capacity in industries like the semiconductor industry is tight. The automotive industries–with the poorest capabilities to plan and manage suppliers–will suffer the most. The question of near-shoring or reshoring is really a question for labor-intensive industries like apparel.

Supply Chain Design Software 130

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Vinculum

JANUARY 30, 2024

According to recent industry reports, the expected addressable market in India is likely to be around $100 billion by 2025.The To succeed as a D2C brand in 2024, brands must: ● Build Omnichannel capabilities : Increasingly, a customer demands seamless interactions in all the channels they shop and return goods. trillion by 2025.

Optimal Sourcing 52

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Supply Chain Matters

APRIL 4, 2024

Founded in 2002 with over 100 consultants and based in Boulder, Colorado , Spinnaker SCA designs and builds agile supply chains for leading brands across Consumer Staples, High Tech, Industrial Manufacturing, Retail & Apparel, Medical Devices, and Distribution Industries. No financial details were disclosed in the announcement.

Supply Chain Design Software 40

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software 40

Logistics Viewpoints

JANUARY 23, 2024

This year, nearly 40,000 attendees comprising 6,200 brands from all over the world headed to the Javits Center to see what new solutions and innovations software and hardware suppliers had in store for 2024 and beyond. Kinaxis is focusing on the QSR industry first, looking at replenishment for both food and the necessary durable goods.

Supply Chain Planning Software 209

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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. percent in 2024. The October PMI reported value fell to a three-month low of 48.8, down from the 49.2

Procurement Analytics 59

Procurement Analytics Manufacturing Procurement Report Global 59

Vinculum

JANUARY 30, 2024

According to recent industry reports, the expected addressable market in India is likely to be around $100 billion by 2025.The To succeed as a D2C brand in 2024, brands must: ● Build Omnichannel capabilities : Increasingly, a customer demands seamless interactions in all the channels they shop and return goods. trillion by 2025.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Sourcing Strategies Trends 52

Supply Chain Matters

JANUARY 8, 2024

Commenting on the outlook for 2024, Chris Williamson, Chief Business Economist at S&P Global Market Intelligence noted in part: “ Given current order book trends, the overall picture from the survey is one of supply exceeding demand for many goods, which points to downside risks to production, employment and prices as we head into 2024.”

Manufacturing Procurement 52

Manufacturing Procurement Global Procurement Analytics Myanmar 52

Supply Chain Matters

JUNE 8, 2023

After revising both previously reported Q4-2022 and Q1-2024 GDP data, the European statistics agency Eurostat reported today that the combined 20-nation GDP for euro sector fell at annualized rate 0.4 Industry supply chain management and integrated business planning teams need to be diligent in their planning of resources and global capacity.

Ireland 52

Ireland Lithuania Pharmaceutical Malta 52

Supply Chain Matters

SEPTEMBER 6, 2022

We later highlighted a Bloomberg report indicating that blowback directed at the ocean container shipping industry and its windfall profits was on the rise. Our research arm recently pointed out this transportation trending in a mid-year assessment commentary. This will be good news in stemming supply chain driven inflation trending.

Report 52

Report Global Scenario Planning Forecasting 52

Supply Chain Matters

DECEMBER 4, 2023

The report’s authors indicated that the downturn in global production was primarily centered on the intermediate goods sector which remains not a positive sign for future multi-industry supply network momentum in the weeks to come. Consumer and investment goods producers each observed increases in production. Mixed Indications Involving U.S.

Procurement Analytics 59

Procurement Analytics Manufacturing Procurement Report Global 59

QAD

MAY 23, 2023

Product Sustainability Begins in the Field and Factory Sustainability has become a priority for businesses of all shapes and sizes and across every industry. In a recent BearingPoint survey, a whopping 85% of companies attribute their move to sustainable procurement practices to government regulations.

Procurement Solutions 92

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Resilinc

JULY 26, 2022

For supply chain managers charged with semiconductor procurement, this statement from TSMC CEO CC Wei may be of the more direct interest. in revenue growth over Q2 2021, TSMC acknowledged that a portion of its extraordinary growth arose from customers stockpiling large inventories. While reporting 76% YOY growth in profit and 43.5%

Manufacturing Procurement 62

Manufacturing Procurement Gartner Inventory Reduction Price Reduction 62

BlueYonder

DECEMBER 14, 2023

Highlights from the High-Tech Industry Summit Blue Yonder’s High-Tech Industry Summit, cosponsored by Microsoft and Ernst & Young LLP , brought together over 50 supply chain practitioners from 18 diverse high-tech companies to Microsoft’s Technology Center in Mountain View, California, in October.

Supply Chain Design Software 72

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Supply Chain Matters

APRIL 14, 2023

Venti Raises $29 Million in Series A Round Autonomous logistics technology and industrial hubs provider Venti Technologies announced that it has secured $28.8 Our autonomous vehicles have industrial grade precision in everyday operating environments and are already successfully in use. million in Series A financing.

Supply Chain Design Software 52

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C3 Solutions

JULY 30, 2020

Nobody wants to be the guinea pig," Intel's global logistics procurement director Greg Christensen told the authors of the 2019 State of Logistics Report. The best candidates in their estimation are asset-intensive industries – so-called heavy industry like energy production and mining. Where's the ROI?

Gartner 127

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ThroughPut

SEPTEMBER 14, 2022

According to a recent study, global spending on IIoT Platforms is predicted to grow from $1.67B in 2018 to $12.44B in 2024, attaining a 40% compound annual growth rate (CAGR) in seven years. Accurate Inventory Management – Accurate inventory management can ensure the right flow of items in and out of a warehouse.

Supply Chain Planning Software 52

Supply Chain Planning Software Inventory Management Software Forecasting Software Predictive Analytics Software 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

ModusLink Corporation

DECEMBER 13, 2022

Carrier rates are declining across the board, and Seatrade Maritime News reported an “expected trough of freight rates to mid-2023 from 2024 with a lower demand forecast and a higher than expected effective capacity increase due to the unwinding of congestion. Contact one of ModusLink’s Industry experts by clicking here! 24 11 2022. <[link].

Agile and Lean Supply Chain 78

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Supply Chain Matters

MARCH 27, 2024

Then there are the implications for various industry supply chains. Industry Supply Network Implications U.S. There are two other harbor crossings but the prospects for high levels of traffic congestion loom large, especially for just-in-time inventory replenishment movements. All rights reserved.

Baltimore 52

Baltimore Supply Chain Design Software Supply Chain Design Supply Chain Software 52

Supply Chain Matters

MARCH 5, 2024

Supply Chain Matters provides highlights of reported February 2024 global and regional production and supply chain PMI indices. These latter two dimensions are a reflection of overall multi-industry supply network activity levels and momentum. The February 2024 reading of 50.3 compared to a January reading of 50.0,

Manufacturing Procurement 59

Manufacturing Procurement Global United Kingdom Purchasing Skills 59

ToolsGroup

OCTOBER 25, 2022

More than ever, seasonal inventory needs to be carefully accounted for during the demand forecasting and inventory planning process , ensuring right-sized inventory that can meet customer expectations while limiting the spend and use of working capital. Benefits of Effective Seasonal Inventory Management.

Inventory Reduction 156

Inventory Reduction Inventory Optimal Sourcing Supply and Demand 156

EazyStock

APRIL 18, 2023

Supply chain managers and inventory management professionals face a constant barrage of supply chain crises, with one always waiting around the corner. In this blog, we focus on how supply chain and inventory management professionals can mitigate the impact of high inflation and interest rates. In 2022, inflation rates peaked at 9.1%

Supply Chain Planning Software 52

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Supply Chain Matters

FEBRUARY 20, 2024

As noted in our recent Supply Chain Matters update , FAA Administrator Mike Whittaker has indicated in industry media interviews that: “ We’re (FAA) shifting from more than an audit approach to a direct inspection approach.” Some industry experts point to such facilities as “ the hidden factories.”

Supply Chain Network Software 52

Supply Chain Network Software System Sourcing Strategies Resource Reduction 52

Supply Chain Matters

JULY 18, 2023

the strategies were exploring nearshoring of prior foreign production, diversifying supplier networks and adding additional contingency inventories. The reduction in component level dependency for Dell was, according to Nikkei reporting, expected to take until the end of 2024 to complete. For those businesses located in the U.S.,

Sourcing Strategies 52

Sourcing Strategies Inventory Reduction Manufacturing Procurement Supply Chain Strategy 52

Supply Chain Matters

OCTOBER 6, 2023

Reportedly, destocking activities increased with finished product and raw materials inventories decreasing by the end of the quarter. The now reported September and Q3 PMI data continues to reinforce a period of muted product demand levels among multiple industry sectors. The reported September PMI reported value 49.1 reflecting a 0.4

Manufacturing Procurement 59

Manufacturing Procurement Global Optimal Sourcing United Kingdom 59

Enterra Insights

JULY 22, 2020

between 2019 to 2024, more than doubling in size. These include demand forecasting, predictive pricing strategies, inventory management, logistics and predictive maintenance.” 5] Gracie Myers, “ How Predictive Analytics Is Benefitting Supply Chain and Logistics Industry ,” Research Optimus, 19 December 2017.

Predictive Analytics 100

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