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[INFOGRAPHIC] Procurement Trends: Carving a Bigger Role in Supply Chain & Manufacturing

Cerasis

The Industrial Revolution helped change and bring prosperity into the world of manufacturing. As time passed, procurement gradually gained a larger role in the scope of manufacturing and order fulfillment. Why Is Technology Driving Procurement Trends and the Role of Procurement?

How VR, 3D Printing & Predictive Analytics in the IOT are Currently Powering the Manufacturing Industry

Cerasis

Newer technologies have created entirely new methodologies for improving manufacturing, and the outlook is brighter than ever. So, let’s take a look at how our predictions for the first four manufacturing technology trends (Predictive analytics, 3D Printing, and VR) to watch for in 2016 stacked up. Predictive Analytics Became Commonplace to Manufacturing. Additive manufacturing is expected to climb more than $20 billion by 2019. Manufacturing Technology

Global Supply Chain Risk Exposures Report- Continued Reinforcement for More Risk-Balanced Sourcing Decisions

Supply Chain Matters

Within its 5th annual Natural Hazards Risk Atlas, risk analytics and advisory firm Verisk Maplecroft calls attention to high profile risk cities that happen to be today’s growing manufacturing and logistics hubs. From our Supply Chain Matters lens, it provides a yet another stark indicator that supply chain disruption and risk criteria were most likely not weighted high in past outsourcing or global based manufacturing and strategic sourcing strategies.

Procurement, Industry 4.0, Cybersecurity, Robotics and Automation: The Image of Manufacturing is Evolving.

Cerasis

What makes or breaks a new technology in manufacturing? Mostly, manufacturers demand technologies that can boost their output without causing an additional strain on resources, and the final five technologies changing manufacturing in 2016 did just that. The implementation of robotics and automation was not universal in manufacturing. In other words, some manufacturers continue to resist the trend. Procurement Operations Became Decentralized and Adaptable.

Top 10 Manufacturing Trends For 2019

IQMS

Bottom Line: The top 10 manufacturing trends reflect how manufacturers are planning to achieve their goals of revenue growth, operational improvements, digital transformation, and launching new products and services in 2019. to manufacturing value added in 2020.

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Time to Look into the Future of Procurement!

Supply Chain Game Changer

Check out What Exactly Is Procurement? There has been transformation in the Procurement function over the past decade. A Paradigm Shift in the Procurement Function. What is Strategic Sourcing? Strategic Sourcing does exactly the same by addressing the total cost.

Becoming a Valued Busienss Partner: Procurement Analytics SCRC Meeting Insights

NC State SCRC

After highlighting some of the results from the IBM study I worked on this past fall on procurement analytics, I introduced Rich Hughes, former Chief Procurement Officer from Procter & Gamble. Rick told me that my presentation brought back a lot of early memories from P&G back when it was in its early days of procurement transformation in 2000-2001. We needed to digitize as many of our source to pay processes as we possibly could.

Trends 2019: Manufacturing

Enterra Insights

Over half-a-dozen years ago, Brookings Institution analysts, Susan Helper, Timothy Krueger, and Howard Wial, asserted, “Manufacturing matters to the United States because it provides high-wage jobs, commercial innovation (the nation’s largest source), a key to trade deficit reduction, and a disproportionately large contribution to environmental sustainability.”[1] Manufacturing trends. The changing manufacturing environment is often described as Industry 4.0

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Do You Know How Much Your Company is Spending? A Spend Analytics Checklist

Supply Chain View from the Field

Spend analysis does not need to occur only on an annual basis, but can be applied also to reviews of a category or subcategory of spend that occurs when a contract is being negotiated, or when a strategic sourcing project is initiated for a particular category group. Spend analysis is also a critical component of effective budget planning, and setting key performance indicators for sourcing teams to consider in their assigned duties.

Global Supply Chain Activity Reaching New Highs- Pay Attention to the Caution Signs

Supply Chain Matters

The November numbers are in and there is solid evidence that industry supply chains across the globe, with few exceptions, have reached significant highs in manufacturing and supply chain output levels. Industry teams are incredibly busy and optimistic in their planning for 2018. But again, Supply Chain Matters needs to call attention of the caution signposts.

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Global Supply Chain Activity Reaching New Highs- Pay Attention to the Caution Signs

Supply Chain Matters

The November numbers are in and there is solid evidence that industry supply chains across the globe, with few exceptions, have reached significant highs in manufacturing and supply chain output levels. Industry teams are incredibly busy and optimistic in their planning for 2018. But again, Supply Chain Matters needs to call attention of the caution signposts.

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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.

5 Quality Metrics Predicting The Future Of Manufacturing

IQMS

Bottom Line: Manufacturers are reaching a new level of results in 2018 because they have clearer, more actionable insights based on real-time manufacturing and quality metrics than ever before. Quality Metrics Enable Customer-Driven Manufacturing Networks.

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. Monitoring supply and preparing for alternate suppliers allowed procurement teams to quickly pivot when they lost suppliers to bankruptcy or downsizing. 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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A Supply Chain Matters Podcast with Dr. Parag Khanna, Author of The Future is Asian

Supply Chain Matters

China Trade War that predicted than the threat of an elongated trade conflict among the globe’s two biggest markets will cause production sourcing changes where other other Asian based regions would benefit.

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One Benefit of the Boeing 737 MAX Grounding- Added Design and Maintenance Checks

Supply Chain Matters

The engine manufacturer has identified a subset of LEAP-1A and 1B engines that power both the 737 MAX and the Airbus A320 neo aircraft for carbon build-up on the fuel nozzles that have led to combustion chamber hot spots within the engine’s high temperature turbine.

Visibility: If Only I Could See

Supply Chain Shaman

The IT taxonomy for visibility is supply chain analytics. As you implement supply chain analytics and use control theory with well-defined reference data with clear bands for control, process improvement ensues. These sources while functional are difficult to connect.

Integrating External Data Into Manufacturing Procurement Activities and Technology: Where, Why and How

ivalua

Recently, I asked the folks at Spend Matters…”If you were advising sourcing and supplier management professionals in the manufacturing industry, what external data sources would you suggest they look at acquiring and integrating into their tools and processes?”.

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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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The Beginning of NAFTA Renegotiation Talks- Monitor and Be Prepared

Supply Chain Matters

With the formal start of re-negotiations concerning the North America Free Trade Agreement (NAFTA), many industry supply chain teams should be monitoring developments and conducting ongoing analytical analysis and management education. There is a very narrow window for negotiators to come to a broad consensus of agreement.

Digital procurement in real-time: Successful Industrial Track & Trace showcase at Hannover Messe

SupplyOn

Industrial intelligence meets industrial track & trace at Hannover Messe 2019: Innovative showcase enables new dimensions of visibility in manufacturing Hannover Messe is the world’s leading industrial trade show. Many innovations stem from close digital collaboration between manufacturers and their suppliers. Visibility across the entire production cycle requires data from a broad variety of systems and sources to be intelligently integrated and analyzed in real-time.

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.

Integrating External Data Into Manufacturing Procurement Activities and Technology: Where, Why and How

ivalua

Recently, I asked the folks at Spend Matters… “If you were advising sourcing and supplier management professionals in the manufacturing industry, what external data sources would you suggest they look at acquiring and integrating into their tools and processes?”

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Get Your Manufacturing Processes in Gear for the Holidays

Oracle SCM

Every year during the holidays, anxiety hits shoppers, retailers, and manufacturers alike about whether the season’s hottest products will face shortages. For manufacturers, at least, it doesn’t have to be this way. Partner for Manufacturing Flexibility.

March 8, 2019 Edition of This Week in Supply Chain Management Technology

Supply Chain Matters

Alibaba.com will leverage its global network of over 150,000 suppliers, a vast catalog of product listings and manufacturing capabilities, and an end-to-end technology platform that provides SMB s with a range of tools and services to grow their businesses.

Supply Chain Matters Thoughts on the December-2018 U.S. ISM Plunge

Supply Chain Matters

The December 2018 Manufacturing ISM Report on Business was released this week and included a potential sign of a significant dip in U.S. manufacturing and supply chain activity levels. Business media headlines were quick to note this week’s December 2018 Manufacturing ISM Report on Business , especially as it was released in a week of highly volatile up and down equity markets triggered by Apple’s revenue warning. manufacturing and supply chain activity was reported as 54.1

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. An important governance mechanism that drives analytical process is the Supply Chain Director’s Council, whose mandate is to focus on the availability and ability of the supply chain to deliver parts and core finished goods to customers.

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.

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. Let’s take a closer look at sourcing. This need is acute in discrete manufacturers.

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The drive for a New Wave of Easy-to-use Procurement Products

Claritum

Claritum Article - Procurement Blog. As featured in the ‘ The 10 Most Innovative Procurement Solution Providers ’ article published in the September 2017 Insights Success Magazine , Claritum discuss the drive for a New Wave of Easy-to-use Procurement Products….

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.

Is Indirect Spend Killing Your Bottom Line and Your Strategic Sourcing Efforts?

EC Sourcing Group

For many mid-size companies, indirect spend is killing their bottom line and derailing their efforts to implement strategic sourcing. Consultants that employ powerful analytical tools with category expertise can achieve exceptional results for you.

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.

Five Trends That Excite Me!

Supply Chain Shaman

Could we use Open Source Hadoop to process transactions across all networks with powerful in-memory processing? Another source of disappointment is the lack of capabilities in the IBP modeling engines. Future of Analytics in the Building of Supply Chain 2030. Holiday travel.

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