Remove Analytics Remove Inventory Remove Manufacturing Remove Procurement

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. Manufacturing manufacturing trends

The Procurement Economy in 2019: Bracing Yourself for the Future

Jaggaer

As we’ve explored in our last two blog posts, economists are predicting a decline in global economic growth due to policy and trade issues both in the United States and the European Union , bringing an increased risk to supply chains and procurement organizations. This also required creating a flexible supply chain by creating preferred responses to possible changes, as well as realigning inventory in order to free up cash. Procurement Resources

The State of Supply Chain Trends Part II: AI, Procurement, & the New Lean

Cerasis

From artificial intelligence to refocusing on procurement, the state of supply chain continued to explode throughout 2016, and you need to understand why. Consequently, all processes, including inventory management, logistics, data analytics and ongoing performance management, as reiterated by the staff of Supply Chain 24/7, improvement, can be optimized, creating a more efficient, direct and intelligent supply chain network. Procurement’s Role Did Become More Important.

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Supply Chain Matters Highlights of Oracle Modern Business Experience Conference- Part Three

Supply Chain Matters

Both Jewell and SVP of Applications Development Steve Mirada pointed to an acceleration of SCM adoption coming from Oracle Cloud ERP customers, after initial implementations of backbone Cloud Financial Management, Inventory , HCM or Procurement applications.

Assessing the True Return of Procurement Transformation on Total Shareholder Return: A Tough Proposition

NC State SCRC

In my earlier book with Gerard Chick on “ The Procurement Value Proposition “, we advance the notion that buildoing a business case for investing in people, process, and technology improvement in procurement is key. Many procurement assessments developed by consultants seek to provide an answer to the question “how far along are you relative to your peers in your procurement transformation journey”, and “which processes are lagging compared to your peers?”

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Handfield’s Supply Chain Analytics Predictions for 2014

Supply Chain View from the Field

I’ve had the good fortune to be presented with opportunities for compelling discussions with a significant group of leading thinkers, senior executives in procurement, logistics, and technology management over this past year. I visited the BVL Kongress in Berlin, and also attended the International Institute for Analytics ”Chief Analytics Officer” meeting last summer. Not surprisingly, analytics is at the top of the list.

How AI Solves the Riddles of Inventory Management

Aera Technology

by Kaushal Dave, Vice President of Cognitive (AI) Solutions, Aera Technology The problems that pervade inventory management are well known: Excess inventory languished in warehouses, tying up millions of dollars in working capital. How can we best manage expiring inventory?

The Evolution of Supply Chain is Becoming Patient-Centric

DynaSys

Supply Chain Management (SCM) is critical to the business in keeping up with global regulatory changes, increased efficiency in demand and manufacturing of product, inventory buffers, and shipping and distribution of product. The face of life sciences has undergone a change.

Supply Chain Predictions for 2018: Real-Time, Innovation, Cognitive, Blockchain, Industry-Academic Partnerships, and Taking a Stand!

NC State SCRC

Linton] co-authored The Living Supply Chain , which argues that “Speeding up the supply chain is at the root of everything that is good: improved revenue, reduced working capital, higher profitability, and less obsolete inventory.

How Does Procurement Create Value? Insights from CPO Speakers at Zycus Horizons Conference

Supply Chain View from the Field

In addition to the procurement executives, I also got to meet Captain Dick Phillips, the captain of note in the film “Captain Phillips” We had a chance to talk about his experience, and he also presented to the group about the incredible experience he went through. Chris Sawchuck from the Hackett Group interviewed three heads of procurement from three large companies, and asked an important question. Does procurement add to top line revenue.

Best Practice: Creating a Governance Mechanism for Analytical Learning in Organizations

NC State SCRC

I recently interviewed a large semiconductor company that developed a cross-enterprise initiative to drive analytical learning across its entire supply chain. There are systems directors in both the procurement and logistics/planning teams. The linkages between the enterprise and local teams are very tight, to ensure that functionally unique applications are inventoried centrally so all parties can leverage these tools.

What Value Are You Getting From Planning?

Supply Chain Shaman

Outsourcing–procurement, manufacturing and transportation– decreased visibility and increased data latency. If the carrier does not accept the freight, the manufacturer loses time in moving the freight and is often forced to go to the open market to source freight.

Five Trends That Excite Me!

Supply Chain Shaman

Could we define business network flows through Apache Spark which can move real-time data like telematics, GPS, weather and temperature data, and sensor information at the speed of business to drive new forms of prescriptive analytics? Future of Analytics in the Building of Supply Chain 2030.

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Sensing Demand at the Point of Sale

ToolsGroup

There is a new technique for improving forecast accuracy and inventory optimization—sensing demand from Point of Sale (POS) data or "POS Demand Sensing". Detailed demand forecasts are then generated for the sales and marketing teams and to set optimal inventory levels.

New Flex CEO Revathi Advaithi Highlights our LIVING Supply Chain Book

NC State SCRC

I recently learned that the new incoming CEO of Flex, one of the largest global contract manufacturers in the world, has highlighted the book I wrote with Tom Linton last year called the “LIVING Supply Chain: The Imperative of Operating in Real Time” The CEO, Revathi Advaithi, noted in one of her opening messages to shareholders and the public, that real time data is essential for delivering supply chain accuracy.

Resin prices vary a lot more than you think! RTi helps you understand why.

NC State SCRC

RTi, based out of Forth Worth, TX, is working with NC State’s Supply Chain Resource Cooperative, attracted by our strong program in procurement and supply chain, the focus on analytical thinking and modeling, and the mix of engineering and business students who work on projects with our industry partners. RTi resin experts dedicate 100% of their time to analyzing critical market drivers from the well head through the manufactured finished product using our vast network.

Integrated Planning: Is It Rubbish? Be Careful What You Ask For….

Supply Chain Shaman

While regional supply chain teams could focus on operational decisions–deployment, DRP/MRP logic, and finite planning/scheduling within manufacturing, and transportation routing–global teams must get good at tactical planning globally to drive synergies.

Re-thinking supply chain risk: Protection at any cost?

Supply Chain View from the Field

I have been having a number of fascinating interviews with Chief Procurement Officers this past week on the subject of procurement analytics and supply management risk. One of those risks involves “protecting production at any cost” This is often stated in the context of manufacturing, large chemical or oil production facilities, or any major turnaround project.

Reflections on the LIVING Supply Chain SCRC Meeting

NC State SCRC

This discussion was followed up by a great presentation from Vince Messimer, who is retiring from Shell Oil after 34 years with the company as their head of procurement for Shell Manufacturing. Yet we want to bolt on more systems for procurement to make their life harder still! From a procurement standpoint, we get updates daily. The SCRC meeting was a huge success yesterday.

Is Your Supply Chain A Cost Centre or a Value Creator?

Supply Chain Game Changer

From planning to negotiating to buying, from moving goods to processing goods, and from managing data to managing inventory. Lean for instance is equally applicable in Supply Chain as it is in Manufacturing or anywhere else. Subscribe Here! Email Address.

Day 3: Lenovo Goes About Creating the End to End Transparent Supply Chain

NC State SCRC

Planning and Execution (Howard) owns planning, inventory and production, with Logistics (Jerry) owning inbound and outbound. Managing inventory cost is always an issue, and it is often driven by a number of factors. So procurement will buy ahead, and work with suppliers to understand the situation in the market, and that may drive up inventory in one sector. When we are focused on inventory and Excess &Obsolescence (E&O) you know we are not doing well.

Building a Triple A Supply Chain: Ten Tactics That Work

Supply Chain Shaman

Over the last six years, we studied the connection between business results (growth, operating margin, inventory turns and Return on Invested Capital (ROIC)) and the link to company characteristics. Maturity in Analytics. It requires the building of an analytics framework.

Five Capabilities to Take the Food and Beverage Supply Chain to the Next Level

Logility

Supply planning enables you to profitably satisfy market demand through dynamically sourcing materials, optimizing production and manufacturing plans, reducing distribution costs and slashing lead times. 2) Multi-Echelon Inventory Optimization (MEIO). 4) Advanced Analytics.

Parts Are Not Parts

Supply Chain Shaman

A slight change within a function–in sourcing or manufacturing, or along the chain–can greatly impact the outcomes of cost, customer service, or working capital. Days of Inventory by Industry Across Years. When a manufacturing operation is small, MRP data is easily viewed.

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Supply Chain Predictions!

Supply Chain Game Changer

Check out Procurement Experiences, Trends and the Future! In the book, The Living Supply Chain , the authors argue that, “Speeding up the supply chain is at the root of everything that is good: improved revenue, reduced working capital, higher profitability, and less obsolete inventory.

Learning to Work with Machines That Learn What the Experts Know

NC State SCRC

This capability in turn requires older generations of managers, often labeled “subject matter experts” who are willing to serve as key informants to educate these younger folk, and who are willing to transcend typical functional barriers between sales, operations, and procurement, to offer insights into the right solutions to different types of business problems. Optimized decisions in manufacturing would lead to inventory shortages or surpluses in other parts of the chain.

Will Your Supply Chain Sink or Swim in the Digital Age?

OneSCM

This is especially relevant for high-tech industry manufacturers who must fight to keep their head above water as new competition floods the marketplace and long-time competitors diversify their product lines in an attempt to remain relevant. Technology research firm Gartner, Inc.

Imagining the Supply Chain of the Future!

Supply Chain Game Changer

And consider forecast data, planning parameters, cost and price information, materials details and specifications, purchase orders (and all of the accompanying changes and updates), bills of lading, labels, inventory records, and much more. Subscribe Here! Email Address.

It’s Time to Welcome The Supply Chain CEO!

Supply Chain Game Changer

Argentus is a boutique recruitment firm focused on Supply Chain and Procurement. And Tim Cook’s rise to CEO, in large part, is owing to his transformation of the company operations starting in the late 90’s, reducing inventory and costs, and developing the country’s overseas supplier base.

Five Things I Have Learned About Global Supply Chain Planning

Supply Chain Shaman

This allows shared services of procurement and transportation to function smoothly to achieve the economies of scale. Without this discipline, the global organization cannot actualize buying power in procurement or lower costs and improve costs/customer service in transportation.

Supply Chain 2030: Forge a New Path

Supply Chain Shaman

These architectures are evolving and will be deeply rooted in the evolution of prescriptive and cognitive analytics. The architectures for the rules that we have today–Available to Promise, Allocation, Inventory Matching, Deductions, Hands-free Orders– are inadequate.

What is SCM and Why is it Important?

Oracle SCM

It refers to the systems, processes and software packages used by organizations to manage day-to-day operating activities such as, new product development , demand, supply and sales & operations planning , procurement , logistics , order management , manufacturing and asset maintenance.

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Supply Chain Priorities: Seven Things That Matter Most

ToolsGroup

Less mature companies focus IT investments on manufacturing, procurement and workforce management. More mature companies are targeting analytics and performance management, big data and predictive analytics , mobility technologies, and visibility and event management.

It’s About Time for a new “World Class Supply Chain” Paradigm

NC State SCRC

As a young assistant professor at Michigan State University in 1992, I was part of a group called the Global Procurement Benchmarking Initiative. In logistics, the focus became on centralization of distribution centers and warehouses to drive optimization in transportation routing, reduce inventory carrying and handling costs across the system.

What Is Planning?

Supply Chain Shaman

Descriptive analytics. Prescriptive analytics. In parallel, companies seeking a path forward are being deluged by “schema on read” technologies, cognitive computing, prescriptive analytics and machine learning which is largely making the traditional planning world obsolete.