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The One Key Shift in Your Supply Chain and Procurement Strategies that can Drive Better Business Continuity and Resilience

Logistics Viewpoints

Procurement and Supply Chain Management are essential functions that can help companies navigate these challenges, but they are often siloed and operate in separate departments. Their metrics are often misaligned as well – supply chain focuses on service and procurement focuses on the cost of acquiring materials and services.

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Procurement vs. Purchasing: What’s the Difference?

Logistics Bureau

The best way to understand the difference between procurement and purchasing in a business is to consider the process involved in buying a car, says Logistics Bureau’s procurement specialist, Trent Morris. Procurement First, Purchasing Follows. The Link between Procurement and Purchasing.

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Logistics in the Manufacturing Industry: New report highlights 3PL benefits

Kanban Logistics

The past few years have been quite the rollercoaster for manufacturers. In this article, we’ll look at the latest reports on manufacturing activity, while showing how a third-party logistics (3PL) provider can offer great logistics benefits within the manufacturing industry. Third-party procurement.

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Resilience by Design: The Power of Simulation in Supply Chain Strategy

Logistics Viewpoints

This article describes how to incorporate simulation techniques into optimization, build a stochastic optimization model, and end up with a more resilient supply chain model. Optimal sourcing plant is different for different periods A baseline optimization model shows that depending on the period (month), the optimal sourcing location varies.

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Why Manufacturers Need to Rethink AI in Supply Chain

Enterra Insights

The following article, written by me, was published in Industry Today on 27 May 2022. Throughout the industrial value chain, artificial intelligence (AI) and machine learning (ML) have been adopted at an accelerating rate. The global manufacturing industry is ground zero for this environment.

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How CPG Brands Can Beat Disruption with Digital Manufacturing

QAD

From toilet paper to bed sheets, fresh food items to cleaning products; the consumer packaged goods (CPG) industry has changed and will continue to do so. Today, the choice for CPG manufacturers and supply chains is clear: future-proof with digital manufacturing technologies that can meet the customer where they are or be left behind.

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The Biggest Manufacturing Industry Trends in 2022

Unleashed

As 2022 kicks in, the manufacturing sector is being shaped by technological change and the Covid-19 pandemic. Digital, connected and smart systems are on the rise, while at the same time manufacturers face challenges such as the ‘Great Resignation’ and clogged-up supply chains – as well as increasing demand for sustainable products.