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Sourcing – What You Need To Know About Coronavirus Supply Chain Disruption

Gravity Supply Chain

Sourcing: Mitigate risk during periods of supply chain disruption, such as those caused by the Coronavirus outbreak, by using digital technology. . The post Sourcing – What You Need To Know About Coronavirus Supply Chain Disruption appeared first on Gravity Supply Chain.

COVID-19: Implications on inventory planning, sourcing and procurement

EFT

We need to look at alternative sources of procurement, of production, alternative factories, alternative countries. In the longer term he says they are focused on “Diversification of sourcing, reducing the dependence of single-source suppliers, and developing relationships with the key partners or IT [vendors] … and invest like no other into demand planning and control towers to give us the most fine-tuned information,” and ability to start making “crystal-ball like” predictions.

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Responsible Sourcing! Making Sustainability Happen for Real!

Supply Chain Game Changer

Article originally published by, and permission to publish here provided by, Sam Jenks at kodiakrating.com. It’s become the keyword that you see in article titles and hit like or share when scrolling by?—?so Sustainability is created at the source of our products, services, and consumption. Sustainability is created from Responsible Sourcing. How can you make Responsible Sourcing a Reality? in this case, responsible sourcing. Source Smarter.

Supplier Diversity in Logistics!

Supply Chain Game Changer

Supplier Diversity in Logistics article and permission to publish here provided by Kevin Jessop at cerasis.com. Overall, better relationships and supplier diversity in logistics lead to wealthier and more profitable opportunities. The post Supplier Diversity in Logistics!

Technologies that Impact Procurement

Claritum

Claritum Article - Procurement Blog. Technologies and Procurement Table. There are a lot of articles around on what Procurement needs to do; how Procurement needs to change; and how technology will fundamentally change Procurement. This article summarises, as a table, technology areas that impact on Procurement that you might need to investigate. 2 Technologies and Procurement Table. Virtual Procurement Agents. Sourcing.

Why The Time Is Now for Sustainable Procurement

Jaggaer

Earth Day (April 22nd) is a celebration of commitment to creating a safer, healthier and cleaner world, making it a natural time to reflect on the power and value of sustainable procurement programs. With that, global businesses are committing to key sustainability objectives such as reducing greenhouse gas emissions , eliminating slave labor , avoiding plastics , conserving water used in production , tapping into renewable energy sources and more. Procurement at the pivot point.

IKEA’s IWAY Lessons For Procurement!

Supply Chain Game Changer

IKEA article originally published by, and permission to publish here provided by, Sam Jenks at [link] . Looking back on the training process, our research, strategy, implementation and evaluation methods closely mirrored supplier relationship management and procurement management. In fact, it made me think of a specific chapter I read from Magnus Carlsson’s Strategic Sourcing and Category Management: Lessons Learned at IKEA. Subscribe Here! Email Address.

Technology + Human Touch = Digital Supply Chain Excellence

Gravity Supply Chain

Articles Gravity Technology humantouch digital supplychain digitize futureproof flexibility flexible transparency visibility sourcing procurement distribution fulfillment logistics retail manufacturing cost warehouses warehousing carriers lean agile platform data BigData silo silos ecosystem tools speed efficiencyThere’s no need to do the maths; we’ve got the answer for you!

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Procurement Challenges Condensed

Claritum

Claritum Article - Procurement Blog. I took on the challenge of writing a condensed version of all the current Procurement challenges. Basing this on the many articles I have read covering this subject. I rapidly came to the conclusion that these articles were excellent at the helicopter view of the challenges, however seemed unable to apply categorisation to the challenges. These two procurement domains have distinctly different challenges.

What is Procurement’s Place in the Value Chain?

Supply Chain Game Changer

Article originally published by, and permission to publish here provided by, Sam Jenks at [link]. Where does Procurement stand in your organization’s Value Chain? I speak with Procurement, Sourcing and Purchasing professionals every day, from various globally functioning organizations, and there’s a resounding similarity in every one of those conversations…. Procurement is?—?still?—?largely Source: Porter (1985). Outbound Logistics ?—?include

IKEA’s IWAY Has Lessons For Every Procurement Team!

Supply Chain Game Changer

Check out Procurement Report Card: Most Executives Think Procurement Isn’t Strategic Enough! Looking back on the training process, our research, strategy, implementation and evaluation methods closely mirrored supplier relationship management and procurement management. In fact, it made me think of a specific chapter I read from Magnus Carlsson’s Strategic Sourcing and Category Management: Lessons Learned at IKEA. Subscribe Here! Email Address.

The Links between Product Lifecycle and Supply Chain Management

Logistics Viewpoints

I wrote a Logistics Viewpoints article in October that discussed how Diageo has transformed its supply chain from a cost savings function to an enabler of growth-driving innovation. Procurement/Sourcing Production Supply Chain Planning This case discussed how supply chain was elevated to a strategic level due to its critical role in executing new product introductions. I found the connection between […].

How Are Counterfeit Drugs Procured?

Supply Chain @ MIT

A new approach focuses on the way these products are procured. Research at the MIT-Zaragoza International Logistics Program , Zaragoza, Spain, is investigating why drug dispensers such as clinics and pharmacies might acquire fake drugs. The research explores a new approach to combating drug counterfeiters: devising mitigation strategies based on the way dispensers procure medicines. Counterfeit cures.

How Many Slaves Are in Your Supply Chain?

Talking Logistics

And as I highlighted last week, according to an article in the Wall Street Journal , “Wal-Mart Stores Inc., appeared first on Talking Logistics with Adrian Gonzalez. The collapse of the garment factory in Bangladesh last week , which killed at least 705 workers and injured thousands of others, has put a spotlight on a problem that plagues many supply chains: the use of slave labor.

Logistics Cost Reduction: 6 Focuses to Create More Profit

Cerasis

This is the first of a two-part series where I will curate and cull information from my 4 decades of experience in logistics cost reduction at various positions in the supply chain. According to the CSCMP's "State of Logistics" Report from 2015, logistics costs now make up over 8% of the GDP. Any percentage less for your business with logistics costs as a percent of your revenue, goes straight to the bottom line. . Logistics Cost Reduction by Focusing on Safety.

Surviving Disruptions – an opportunity for supply chains to thrive with people and technology – LogiSYM July 2020

The Logistics & Supply Chain Management Society

“Managing supply chain and logistics has never been more significant and challenging since the outbreak of COVID-19 that created a new norm with high uncertainty and enforced an inevitable shift”. Logistics and supply chain management is a rapidly evolving field. Article July 2020

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Procurement Fact File

Claritum

Claritum Article - Procurement Blog. We’ve read through some of the best analyst reports and surveys to bring you this procurement fact file containing some of the most interesting findings, statistics and quotes. Click here to download a printable pdf version of the procurement fact file. Procurement. source: (1 page infographic) AccentureOperations , High Performance Procurement (2015). Outsourcing of non-core procurement activities.

Corporate Sustainability: Why Procurement Should Pave the Way

Jaggaer

According to a recent New York Times article , 181 CEOs jointly released a statement on “the purpose of a corporation.” Procurement is at the core of many companies’ efforts to increase green practices. ” For many organizations, green procurement is something of a wouldn’t-it-be-nice idea. The piece cites efficient energy sources as a large cost saver for many companies, and points to the increasing costs of trash disposal as an incentive to reduce waste. .

5 Best Logistics Books for Beginners

Supply Chain Opz

Are you a beginner and you want to learn about each logistics function? We will show you 5 logistics books that will help you learn faster than any other books. Why is Logistics a Good Career? In the United States, the median wages for a Logistics Manager is around $90,000 annually. So, the career in logistics management can be very lucrative if you have a career plan and keep on developing yourself. Are there any other logistics books you love and why?

Experts Choice Of Top Online Logistics Resources

Freightos

The Experts’ Choice of the Top Online Logistics Resources. So I went straight to the source and asked consultants, trade reporters, Wall Street Journal reporters and others, what their go-to logistics and supply chain sources were. Experts’ Choice: Supply Chain and Logistics Email Newsletters. This is the experts’ selection – but if we had to choose just one, our go-to read is the fast-rising WSJ Daily Logistics Report.

Transforming the GCC Chemical Industry with Supply Chain Integration – LogiSYM September 2020

The Logistics & Supply Chain Management Society

Focussing on lowering logistics costs by coordinating time charters or invest in joint shipping lines to capture ship-owner returns. Working closely with partners can help mitigate some risk and avoid disruptions / obstacles to logistics. Regulatory compliance requires tight cooperation amongst different functions of an organisation, third parties, suppliers, distributors, brokers and logistics service providers. Article September 2020

Capitalising on Supply Chain Digitisation with Robotic Process Automation – 10 Areas of Opportunities – LogiSYM August 2020

The Logistics & Supply Chain Management Society

For an industry that increasingly requires higher logistics pipeline velocity without sacrificing accuracy and at lower costs, RPA is a natural choice for high performing supply chain organisations. Procurement. Article August 2020

Google Will Acquire a 3PL – And Other Supply Chain and Logistics Predictions for 2015

Talking Logistics

made that prediction in 2008 (see the Barron’s article What $300-a-Barrel Oil Will Mean for You ). Three years later, he stayed with his $300-a-barrel prediction, but shifted the timeframe to 2020 (see the CBS News article, Another $300 Oil Prediction — and Why This One Matters ). Brent crude oil prices Dec 2009 – Dec 2014 (Source MoneyAM.com). For related commentary, see: In Logistics, Somebody Has to Own the Assets.

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Why is Supply Chain Such a Great Career Path?

Supply Chain Game Changer

In our article “ What Exactly is Supply Chain Management? SCM encompasses the integrated planning and execution of processes required to optimize the flow of materials, information and financial capital in the areas that broadly include demand planning, sourcing, production, inventory management and storage, transportation — or logistics — and return for excess or defective products. supplychainmanagement #humanresources #procurement #logistics #jobs.

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COVID-19 Lesson: Make Your Supply Chain More Resilient

Logistics Bureau

Until the Coronavirus began wreaking its havoc, global companies could run their supply chains on the assumption that disruptions would be rare and short-lived, and that products should be sourced, produced, and distributed at the cheapest locations to be found, wherever in the world that may be. The pandemic, however, has exposed the risk, like never before, of concentrating sources in one location—especially when it’s far away from a company’s headquarters and markets.

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Supply Chain And Logistics Trends That Could Be Big In 2020

Logistics Bureau

Rob O’Byrne makes an early start with his round-up of supply chain and logistics trends that might make industry headlines in the coming year. His observations include trends in first and last-mile logistics, and the increase in SMEs entering global markets. 2020 Supply Chain and Logistics Trends: What’s Around the Corner? I was a little late getting started in 2018, and we were already into 2019 when I got round to publishing my usual trends article.

Jobs and Career Paths in Supply Chain and Logistics

Logistics Bureau

Are you fresh out of college or university and planning to enter the supply chain or logistics profession? Either way, you might find this article of value, because we’re going to discuss some of the positions you might aim for among the vast range available, and the career paths associated with them. Source: Council of Supply Chain Management Professionals 2017 Survey. Types of Job in Supply Chain and Logistics. Sourcing and Purchasing. “I Logistics Manager.

Still Don’t Know How Many Slaves Are In Your Supply Chain?

Talking Logistics

Last week, the Chartered Institute of Procurement & Supply (CIPS), a leading international body representing purchasing and supply management professionals, issued a press release highlighting findings from a survey it conducted showing that relatively few companies are ready to comply with the UK’s Modern Slavery Act , which was passed in March 2015 with enforcement set to begin on April 1, 2016. appeared first on Talking Logistics with Adrian Gonzalez.

Who is Your Best Supplier?

Supply Chain Game Changer

Article and permission to publish here provided by Sam Jenks at kodiakrating.com. Some procurement professionals can quickly identify their key, or champion, supplier partners. Better Supplier Evaluations = Better Procurement Intelligence. Finding the right Data Sources.

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Are We Facing the End of Supply Chain Management?

Supply Chain Game Changer

Blog post originally published by, and permission to publish here provided by, Argentus at [link] , a boutique recruitment firm focused on Supply Chain and Procurement. A new article in Harvard Business Review has been generating some automation-related controversy in the Supply Chain Community, as well as lots of buzz and interesting conversation. Companies will always need people who can build relationships with vendors when conducting large-scale Procurement.

How Cape Town Was Saved From Running Out of Water

Supply Chain Brain

Read full article. Humanitarian Logistics Global Supply Chain Management Sustainability Supply Chain Security & Risk Mgmt. Food & Beverage All Technology SC Planning & Optimization Sourcing/Procurement/SRM Middle East/Africa Home Page Latest NewsThe government announced “day zero” — a moment when dam levels would be so low that they would turn off the taps in Cape Town and send people to communal water collection points.

600 Dead in Bangladesh: Is there a soul to the enterprise?

Supply Chain View from the Field

” Fourteen million families depend on the jobs produced by the apparel industry, including women such as Shaheena, a single mother described in the New York Times article this morning. Procurement Sustainability Retail Logistics Strategic Sourcing Supplier Relationship Management Supply Chain Management Sustainability News of the increasing death toll in Bangladesh continues to pour in, with the latest at 600 found dead in the rubble of the Rama factory complex.

If you can measure it then you can manage it

Claritum

Claritum Article - Procurement Blog. If you can measure it then you can manage it” This statement is so true in the procurement field. Procurement is fundamentally in the intelligence business, and since information is at the core of intelligent decision making, you need to be really good at efficiently gathering and transforming data into information. Procurement needs to have real time data on the entire supply chain. Articles Procurement Analytics

This Week in Logistics News (May 7-11, 2018)

Talking Logistics

My wife often jokes that she is the VP of Supply Chain and Logistics in our family. Source: [link]. Moving on, here’s the supply chain and logistics news that caught my attention this week: Uber teams with NASA to make flying cars a reality (CNN). The key takeaway here is that companies need to take a holistic and integrated approach to how they procure, plan, and execute their transportation operations.

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. Over the past few decades, companies have realized that the way they bring products to market – from sourcing parts and services, to manufacturing, to shipping, to distribution – isn’t just a practical necessity, but an avenue for competitive advantage. This great article provided some great perspective on the topic. Subscribe Here! Email Address. Blog post provided by [link].