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

Logistics Viewpoints

FEBRUARY 2, 2024

She also said the company planned to ask workers to return to the office five days a week in 2024. percent drop in annual sales, UPS forecast a 2024 upswing of as little as 1.1 Higher labor costs and lower package demand resulted in fourth-quarter sales and 2024 guidance that missed analysts expectations. percent in early U.S.

Cost Reduction Strategies 234

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Unleashed

APRIL 2, 2024

million new jobs last year, while the use of AI in restaurants shot up by 31.61% according to data from the 2024 StartUs Food & Beverage Report. Over 1/3 of manufacturers struggling with data. A recent Hexagon report found that although manufacturers are increasingly data-focused, many are facing challenges with decision-making.

Cost Reduction Strategies 52

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Supply Chain Shaman

APRIL 16, 2024

Supply Chain Insights Training, 2024 The Opportunity Based on my research, I believe there is an opportunity to reduce the number of planning roles by 80-85%. Can we build collaborative platforms for role-based discussions across commercial (sales and marketing) and operations (manufacturing, logistics, and purchasing) teams?

Supply Chain Planning Software 217

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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

MARCH 28, 2024

This funding is reportedly contingent on preconditions which include a delayed filing of its 2023 annual report with regulators and continued negotiations with an established auto maker on a joint manufacturing agreement related to North America based production. Workers After securing new ratified labor agreements among three major U.S.

Supply Chain Strategy 52

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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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Supply Chain Matters

NOVEMBER 6, 2023

In our prior highlights and perceptions of September and Q3-2023 published indices , we observed that the numbers once again signaled added contraction in global manufacturing output and product demand levels. Global Wide Manufacturing Activity Levels Global manufacturing activity as reported by the J.P. down from the 49.2

Procurement Analytics 59

Procurement Analytics Manufacturing Procurement Report Global 59

QAD

MAY 23, 2023

Ninety percent of companies have an ESG strategy in place and chances are good yours does, too – or will very soon. The goal, from a manufacturing perspective, is clear: learn how to do more with less as efficiently as possible while maintaining profitability and complying with due diligence legislation.

Procurement Solutions 94

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Supply Chain Matters

JANUARY 8, 2024

Global Production Continues to Contract Global-wide manufacturing levels as depicted in the J.P. Morgan Global Manufacturing PMI® ended 2023 on a noted lackluster footing. Manufacturing production reportedly contracted at a slightly quicker pace in December, dashing hopes for a point of stabilization. The December reading of 49.0

Manufacturing Procurement 52

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Supply Chain Matters

SEPTEMBER 6, 2023

The August numbers once again signal a continued downturn in global manufacturing conditions as output and new order rates continue to fall. From our lens, the August data further reflects ongoing shifts in production sourcing within specific industry sectors. That stated, global output levels fell for the third consecutive month.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Global Price Reduction 52

Supply Chain Matters

DECEMBER 4, 2023

In our prior highlights and perceptions of September and October published indices , we observed that the numbers once again signaled continued contraction in global manufacturing output and product demand levels. Global Wide Manufacturing Activity Levels Global manufacturing activity as reported by the J.P. in November.

Procurement Analytics 59

Procurement Analytics Manufacturing Procurement Report Global 59

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

Forecasting Global Scenario Planning Supply Chain Planning 52

SCMDOJO

APRIL 15, 2024

Amazon’s Mission Its unwavering commitment to customer satisfaction is at the heart of Amazon’s logistics strategy. Pharmacy: Amazon Pharmacy – Online service for purchasing prescription medications with home delivery. This customer-focused approach permeates every aspect of their operations, including logistics.

Logistics Network Optimization Software 79

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ToolsGroup

OCTOBER 3, 2022

Yet according to retail advisory firm IHL , “The most significant challenges to inventory distortion are the availability of workers and the disruptions outside of the immediate control of the retailer.” Source: Bloomberg.com. Leaked internal research reveals Amazon is at risk to run out of workers for its US warehouses by 2024.

Optimal Sourcing 156

Optimal Sourcing Retail Purchasing Skills Inventory Reduction 156

ToolsGroup

OCTOBER 10, 2022

Like most industries, manufacturers around the world are feeling the pinch of inventory disruption brought on by shortages and other supply chain challenges. But manufacturers are unique. What is Manufacturing Inventory Control? What is Manufacturing Inventory Control? Do you have whiplash yet?

Inventory Reduction 156

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Material Savings 156

The Logistics & Supply Chain Management Society

JANUARY 3, 2024

We have heard that there is a focus on near-shoring, reshoring, and local manufacturing. Building a fab (manufacturing site) takes two-to-four years and requires the availability of water and trained labor.” If ERP system input includes lead time, why is there such bloat and a problem with inventory restatements?

Supply Chain Design Software 130

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Supply Chain Matters

OCTOBER 6, 2023

With the closing of the third quarter, the numbers once again signal added contraction in global manufacturing output as product demand levels weaken. Global Wide Manufacturing Activity Levels Global manufacturing activity as reported by the J.P. The reported September PMI reported value 49.1 value reported for August.

Manufacturing Procurement 59

Manufacturing Procurement Global Optimal Sourcing United Kingdom 59

QAD

APRIL 11, 2024

Artificial intelligence (AI) is one of the big “buzzwords” of 2024, which is a shame because the technology’s analytical capabilities have a lot to offer supply chain planners – if you can cut through the hype. How else would we know which products consumers will want next, where to source inputs from or how much of an item to produce?

Predictive Analytics 72

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Resilinc

JULY 26, 2022

Not coincidentally, the company opened its first in-house European manufacturing facility in Budapest in June. Samsung follower SamMobile.com reports that Samsung is boosting its use of domestic Korean sources for expandable components in semiconductor manufacturing. Lenovo, the largest PC maker by unit sales, saw 12.5%

Manufacturing Procurement 62

Manufacturing Procurement Gartner Inventory Reduction Price Reduction 62

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. Alternative Fulfillment Strategies Will Be Key.

Agile and Lean Supply Chain 78

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BlueYonder

DECEMBER 14, 2023

Puneet Saxena, Corporate Vice President of Manufacturing Industry Strategy at Blue Yonder, kicked off proceedings by welcoming attendees and setting the stage for the speakers and the panel discussion that were to follow. This year, the room was near capacity, and the number of companies represented was at a record level.

Supply Chain Design Software 72

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 72

Supply Chain Matters

OCTOBER 26, 2023

His successor as CEO , Koji Sato, who previously led the auto maker’s Lexus luxury vehicle division, subsequently called for an “ EV-first mindset ” including the accelerated development of supply chain and manufacturing methods optimized for EV vehicle platforms.

Price Reduction 52

Price Reduction Expense Reduction Cost Reduction Strategies Resource Reduction 52

Supply Chain Matters

APRIL 4, 2024

Publicis Sapient Announces Acquisition of Spinnaker SCA Digital business transformation company Publicis Sapient has announced the acquisition of Spinnaker SCA , a supply chain services firm that provides end-to-end supply chain strategy, planning and execution consulting services. 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

Supply Chain Game Changer

OCTOBER 8, 2020

Digital transformation is now the overriding priority for most manufacturers and retailers, with the adoption of digital technologies aimed at improving efficiency and effectiveness in the shorter term while providing the opportunity to grow a leaner operational protocol in the future. The post Digital Supply Chain Predictions!

Predictive Analytics Software 74

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Supply Chain Matters

MAY 22, 2023

According to the April report commentary , the industry remains hopeful in new signs indicating that retailers and manufacturers are getting closer to working off the overall glut of inventories that resulted in 2022. Global Manufacturing Activity Levels Global manufacturing activity as depicted by the J.P. The two U.S.

Negotiating Skills 52

Negotiating Skills Inventory Reduction Cost Reduction Strategies Price Reduction 52

Supply Chain Matters

SEPTEMBER 6, 2022

According to this report, citing industry research firm B raemar , global ocean container fleet size is forecasted to grow 9 percent in 2023 and 2024 , while container volume growth will moderate in 2023 and rise slightly in 2024. This will be good news in stemming supply chain driven inflation trending. Added Perspectives.

Report 52

Report Global Scenario Planning Forecasting 52

ThroughPut

JANUARY 4, 2024

Embark on an enlightening expedition into manufacturing process enhancement, where the thin line between triumph and defeat often hinges on a singular juncture within the production sequence. This guide will take you on a journey through the fascinating and sometimes frustrating world of bottlenecks in manufacturing.

Manufacturing Procurement 52

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SCMDOJO

APRIL 24, 2024

In 2024, the logistics and supply chain industry will continue its transformative journey, driven by technological advancements and growing consumer expectations. Let’s see the most common trends in 2024. As a result, it can help logistics companies to optimize inventory levels, reduce waste, and minimize the dreaded stockouts.

Optimal Sourcing 56

Optimal Sourcing Agile and Lean Supply Chain Waste Reduction Material Savings 56

Supply Chain Matters

MARCH 5, 2024

Supply Chain Matters provides highlights of reported February 2024 global and regional production and supply chain PMI indices. Slight Rise in Global Wide Production Activity Global-wide manufacturing levels as depicted in the J.P. Slight Rise in Global Wide Production Activity Global-wide manufacturing levels as depicted in the J.P.

Manufacturing Procurement 59

Manufacturing Procurement Global United Kingdom Purchasing Skills 59

Supply Chain Matters

FEBRUARY 20, 2024

This report begins with the statement: “ Within Boeing’s facilities, teams of engineers labor away, working not on building new aircraft but instead on fixing problems with already-built inventory. They are tenets which have been incorporated not only in automotive industry but other discrete manufacturing settings.

Supply Chain Network Software 52

Supply Chain Network Software System Sourcing Strategies Resource Reduction 52

ThroughPut

APRIL 17, 2024

We all know how artificial intelligence-powered tools and platforms are already helping in reducing costs, optimizing inventories, streamlining operations and are continuing to contribute in multiple ways to make supply chains fail-safe and more accurate. With the advent of AI, a lot of important work has happened in this space.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Predictive Analytics Software Optimal Sourcing 52

Unleashed

MAY 19, 2020

billion by 2024, according to Business Wire. Leveraging the best manufacturing Enterprise Resource Planning (ERP) software, maximising productive efficiency, and accessing management expertise early , are the strategies that will set the best apart. Craft brewing is projected to be a US$107 billion industry by 2024.

Supply Chain Planning Software 98

Supply Chain Planning Software Forecasting Software Inventory Management Software Demand Planning Software 98

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

Proxima

AUGUST 3, 2020

2020 has introduced new logistical blueprints to follow and the push to get work done with fewer employees has grown exponentially as social distancing directives continue to influence the nation’s manufacturing. billion by 2024. Growth of automation. According to MarketWatch , the logistics automation market totaled $49.2

Supply Chain Software 52

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Intelligent Audit

NOVEMBER 22, 2022

Recent inventory corrections have caused carrier volumes to stagnate, frustrating carriers and highlighting hopes for volume normaliza t ion in 2023. While this balanced approach to rate hikes is likely to siphon traffic from FedEx and UPS, logistics experts will have to wait to see if the strategy is suitable for a cash-strapped USPS.

Turkey 52

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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.” That’s why spending on supply chain advanced analytics is on the rise. ” Predictive analytics and future supply chains.

Predictive Analytics 100

Predictive Analytics Predictive Analytics Software Analytics Software Supply Chain Planning Software 100