Unleashed

AUGUST 31, 2020

To calculate total manufacturing cost you add together three different cost categories: the costs of direct materials, direct labour and manufacturing overheads. Expressed as a formula, that’s: Total manufacturing cost = Direct materials + Direct labour + Manufacturing overheads. What are total manufacturing costs?

Manufacturing Procurement 98

Manufacturing Procurement Purchasing Skills Cost Reduction Strategies Manufacturing 98

GlobalTranz

DECEMBER 18, 2014

All metal fabricators realize that they have to do some analyses before the company purchases equipmen t or hires new people, but now there seems to be a new intensity about the process. Now is the Time for Manufacturing to Look at Logistics Efficiency. Manufacturing seems heading for a long awaited comeback.

Manufacturing Procurement 236

Manufacturing Procurement Manufacturing Purchasing Skills Sourcing Strategies 236

Logistics Viewpoints

DECEMBER 12, 2022

Neither of the customers highlighted in this article fall into that category. This manufacturer produces plastic reusable material handling containers and plastic fuel tanks. The Company operates eighteen manufacturing facilities, nine distribution centers located throughout North and Central America.

Supply Chain Planning Software 201

Supply Chain Planning Software Supply Chain Planning Procurement Solutions Scenario Planning 201

Synovos

APRIL 2, 2024

What is MRO procurement? Understand MRO procurement and your bottom line will benefit. These items support business or manufacturing activity but are not incorporated directly into what you produce. The hidden cost of MRO procurement The adage time is money captures why MRO can be costly and why that cost is not always obvious.

Optimal Sourcing 52

Optimal Sourcing Procurement Solutions Manufacturing Procurement Procurement Analytics 52

USC Consulting Group

AUGUST 17, 2020

However, with manufacturers and supply chains across the world reeling with the ongoing problems the pandemic has presented, we are seeing a definite shift in the ways business is conducted. Overall, factory shutdown and manufacturing delays have shrunk foreign direct investment by 5-15% , as global trade and supply is interrupted.

Manufacturing Procurement 81

Manufacturing Procurement Demand Planning Software Supply and Demand Manufacturing 81

Arena Solutions

JANUARY 3, 2022

Whether it’s a new regulation, part shortage, or a newly released product from a leading competitor—manufacturers must react quickly to stay ahead in today’s volatile market. Effective supply chain collaboration is critical to ensure quality products are shipped to customers on time. Adapting to a New Reality.

Manufacturing Procurement 52

Manufacturing Procurement Agile and Lean Supply Chain Supply Chain Design Software Manufacturing 52

The Logistics & Supply Chain Management Society

AUGUST 19, 2022

Feature Article by Dr. Raymon Krishnan – President at the Logistics and Supply Chain Management Society. This article was originally written and published for DHL in January 2020 and focused on the trade wars and how to leverage opportunities for tariff reductions. For instance, law firms and consultants in the U.S. Postponement.

Cost Reduction Strategies 245

Cost Reduction Strategies Material Savings Inventory Reduction Vendor Strategies 245

The Logistics & Supply Chain Management Society

APRIL 26, 2022

by Stephanie Krishnan – Associate Vice President, IDC Manufacturing & Energy Insights Asia/Pacific, IDC Asia/Pacific. “By By 2025, to improve long-term supply chain profitability, 60% of manufacturers in global supply chains will invest in software tools to support sustainability and circular economy business models.”.

Supply Chain Design Software 264

Supply Chain Design Software Supply Chain Software Supply Chain Planning Software Sustainability 264

Resilinc

JULY 20, 2021

In the decades since, Linton and his teams at IBM, LG, Flex and other companies have driven billions in annual procurement to China and other Asian countries, helping to create the Asia-centric manufacturing supply chains of today. based manufacturers will still need a strong supply base from friendly countries.

Manufacturing Procurement 62

Manufacturing Procurement Manufacturing Puerto Rico Inventory Reduction 62

Supply Chain Game Changer

JANUARY 18, 2022

For many years the predominant priority in sourcing has been finding the lowest cost possible. However the continuity of supply issues caused by the pandemic has created a call to repatriate much of this manufacturing into domestic, albeit higher cost, regions. What is the appropriate sourcing strategy going forward?

Manufacturing Procurement 93

Manufacturing Procurement Sourcing Strategies Cost Reduction Strategies Optimal Sourcing 93

Logistics Bureau

APRIL 20, 2020

COVID-19 and the Future of China Sourcing and Manufacture. But global dependence on Chinese manufacturing is mind-boggling…. But global dependence on Chinese manufacturing is mind-boggling…. Alternative Manufacturing Hubs: Asia’s Promise. Factors That Could Complicate Departure From China.

Manufacturing Procurement 52

Manufacturing Procurement Sourcing Strategies China Material Savings 52

Ware2Go

JANUARY 7, 2022

Recent supply chain disruptions , including images of cargo ships stuck off the West Coast , have led eCommerce shops to rethink their just-in-time and just-in-case inventory strategies. . About 9% even had stopped offering free shipping to recover costs, while 7% held off on ordering peak inventory to see if prices would level off.

Just-in-Time 98

Just-in-Time Optimal Sourcing Manufacturing Procurement Supply Chain Disruption 98

New Horizon Supply Chain Blog

FEBRUARY 8, 2024

Introduction: Procurement Planning for Distribution-Intensive Businesses Procurement planning is not a widely recognized category of supply chain software, but it should be. The resulting plan should maintain adequate safety stock levels for each purchased item while reducing inventory costs.

Procurement Solutions 52

Procurement Solutions Optimal Sourcing Supply Chain Planning Software Manufacturing Procurement 52

Enterra Insights

JANUARY 9, 2024

Manufacturers also became accustomed to an abundant supply of raw materials, leading to low prices and downward spiral in investments. In Part One of this article, I want to discuss the first three elements of the great supply chain reset. I will discuss the final two elements in the concluding part of the article.

Supply Chain Design Software 130

Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Software 130

The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Breaking Boundaries: Exploring Generative AI’s Impact on Supply Chains Supply chains encompass many interconnected activities, from procurement, production, and inventory management, to logistics and distribution. These activities involve numerous stakeholders, such as suppliers, manufacturers, distributors, and retailers.

Optimal Sourcing 244

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Modeling 244

The Logistics & Supply Chain Management Society

MARCH 22, 2022

How Shipping Can Help Save The Planet. But to be honest, the shipping industry is as much of a culprit. Meanwhile, reports estimate that shipping contributes 3%, or a staggering 1 billion tonnes of CO2. Meanwhile, reports estimate that shipping contributes 3%, or a staggering 1 billion tonnes of CO2. Size Matters.

Expense Reduction 245

Expense Reduction Cost Reduction Strategies Shipping Resource Reduction 245

USC Consulting Group

NOVEMBER 5, 2021

Manufacturers have had an uneasy past two years. Electronics manufacturers and those relying on them have struggled, too. The Causes Behind Manufacturing Supply Shortages. General manufacturing demand was already increasing, with U.K. Manufacturers can then become more resilient against supply chain issues.

Manufacturing Procurement 40

Manufacturing Procurement Material Savings Manufacturing Sourcing Strategies 40

Supply Chain Game Changer

AUGUST 21, 2022

“ Make sure you read our 2022 Top 10 articles, along with a bonus article, which are amongst our best ever! We will start off our Top “10” list with a Bonus article. This article was published later in the first half of the year. Our 10 Best Articles! Our 10 Best Articles!

Supply Chain Strategy 113

Supply Chain Strategy Supply Chain Software Material Savings Video 113

The Logistics & Supply Chain Management Society

JUNE 14, 2023

5 Immediate Impacts of the Ocean Shipping Reform Act of 2022 By Nat Josef Just when it seemed like bipartisanship was going the way of the dinosaurs, Congress recently came together to pass the Ocean Shipping Reform Act of 2022, which President Biden signed into law on June 16th. Amy Klobuchar (D-Minn.) and John Thune (R-S.D.)

Supply Chain Design Software 130

Supply Chain Design Software Shipping Logistics Network Optimization Software Forecasting Software 130

The Logistics & Supply Chain Management Society

OCTOBER 17, 2022

Feature Article by Anthony Beavis, Managing Director APAC at Körber Supply Chain. Border controls, China’s zero-covid policy and global shipping costs and energy prices is putting increasing pressure on supply chains throughout the Asia Pacific region. Manufacturing Network Diversification. Multi-Sourcing.

Agile and Lean Supply Chain 246

Agile and Lean Supply Chain Supply Chain Planning Software Sourcing Strategies Supply Chain Software 246

ToolsGroup

APRIL 1, 2022

Statistics covered in the article include: How the Supply Chain Crisis is Impacting Businesses and Consumers. Increased Shipping Costs, Delays, and Transportation Issues. Dealing with the Shipping Container Crisis. Source: Consultancy.UK. Image source: Fortune. How Labor Shortages Have Hurt the Supply Chain.

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

Supply Chain Shaman

JULY 15, 2021

I loved the summary in the Economist article published on July 3, 2021, The Long Goodbye to COVID 19. My goal in this article is to raise a red flag to ensure that we do not fall asleep at the switch in managing global supply chains through the balance of this pandemic. The Economist article tracks a normalcy index by region.

Supply Chain Design Software 367

Supply Chain Design Software Supply Chain Planning Software Price Reduction Forecasting Software 367

Gravity Supply Chain

JANUARY 22, 2024

Gravity, a global leader in Purchase Order Management and BuyCo, the container shipping platform, announced their partnership to offer shippers with a comprehensive solution that allows procurement and transport teams to collaborate seamlessly for international trade operations.

Supply Chain Design Software 52

Supply Chain Design Software Optimal Sourcing Manufacturing Procurement Procurement Solutions 52

Supply Chain Game Changer

AUGUST 11, 2022

Manufacturing contributed 10.8% Manufacturing businesses are at the heart of eCommerce and retail businesses. If you’re an eCommerce seller or manufacturer, you need to know BOMs (bill of materials). Why are they useful for both eCommerce sellers and manufacturers alike? The parts required to manufacture the product.

Material Savings 103

Material Savings Manufacturing Procurement Procurement Solutions Supply Chain Design Software 103

Supply Chain Shaman

APRIL 16, 2024

Last week, I published an article on outside-in planning. The article introduced the concept of self-service planning and challenged companies to rethink the concepts of supply chain planning. MRO Additive Manufacturing Not Forecastable Machine sensing to improve proactivity. Maximize Customer Service Agile 6.

Supply Chain Planning Software 217

Supply Chain Planning Software Supply Chain Design Software How To Inventory Reduction 217

Enterra Insights

APRIL 27, 2021

1] One of those “future shocks” occurred when the Suez Canal was blocked for days by a grounded container ship — the Ever Given. 3] Following year-long discussions about supply chain resilience, the Economist reminds us, “Resilience comes not from autarky but from diverse sources of supply.”[4]

Sourcing Strategies 130

Sourcing Strategies Manufacturing Procurement Sourcing Agile and Lean Supply Chain 130

EMERGE App

APRIL 20, 2020

They act as an intermediate party between manufacturers and retailers. This article explores all the perspectives of choosing a supplier for your wholesale business. Quality of product, shipping timings and so on vary according to your choice of supplier. Lower manufacturing quality and labour standards.

Negotiate Pricing 64

Negotiate Pricing Manufacturing Procurement Negotiating Skills Manufacturing 64

Unleashed

SEPTEMBER 3, 2023

If you’re buying or selling goods, you need to know what a purchase order is and how it works. Purchase orders enable easy and safe trading between suppliers and their customers – and provide traceability as ordered items pass through the supply chain. In this purchase order guide: What is a purchase order?

Procurement Solutions 52

Procurement Solutions Purchasing Skills Manufacturing Procurement Procurement Analytics 52

QAD

AUGUST 16, 2022

Unpredictability is undoubtedly the major issue manufacturers face when dealing with fragmented supply chains. As the supply chain breaks, manufacturers must find new suppliers and new transport routes and find them rapidly, so that production doesn’t come to a halt. So, how can manufacturers respond to these challenges?

Optimal Sourcing 94

Optimal Sourcing Supply Chain Software Manufacturing Procurement Supply Chain Design Software 94

The Logistics & Supply Chain Management Society

FEBRUARY 15, 2021

Manufacturers can gather valuable granular data such as the time an item spent in storage, at what temperature, how long it took to sell, the length of time between purchase and fulfillment and how long it spent in transport. For example, companies can track products throughout the entire lifecycle with RFID and GPS sensors.

Supply Chain Planning Software 298

Supply Chain Planning Software Supply Chain Software Prescriptive Analytics Software Predictive Analytics Software 298

ThroughPut

SEPTEMBER 29, 2019

Manufacturing Must Be Data-Driven. One of the most common misconceptions about manufacturing is that it’s data-driven. Why Data Is a Unique Asset for Manufacturers. Data revealed how to fix the problem of shipping so much product that it ended up expired before it was used. By Bhaskar Ballapragada. September 23, 2019.

Manufacturing Procurement 40

Manufacturing Procurement Manufacturing Data Supply Chain Software 40

QAD

MAY 23, 2023

As I explained in a recent article on Supply & Demand Chain Executive , organizations that leverage supply chain digitization will be the most likely to succeed. With statistics like these, it’s clear that ethical sourcing isn’t just important from a legislative and trade compliance perspective, but is simply the right thing to do.

Procurement Solutions 94

Procurement Solutions Supply Chain Planning Software Supplier Management Modeling Software 94

Talking Logistics

FEBRUARY 9, 2017

As reported last month by Jennifer Smith in the Wall Street Journal , “A growing number of retailers are relying on suppliers to ship online orders directly to customers, a strategy they hope will help them compete with e-commerce rivals without spending more on inventory. Instead, merchandise ships directly from the supplier’s warehouse.”.

Supply Chain Network Software 150

Supply Chain Network Software Supply Chain Planning Software Shipping Supply Chain Software 150

Supply Chain Game Changer

DECEMBER 10, 2020

Product Sourcing Agent article and permission to publish here provided by Joyce Chen at Epic Sourcing. Your manufacturer is the backbone of your company; it regulates your inventory, which determines how consumers perceive and communicate with you. Who is a Product Sourcing Agent? Why Get a Product Sourcing Agent?

Manufacturing Procurement 53

Manufacturing Procurement Sourcing Strategies Sourcing Negotiating Skills 53

Supply Chain Game Changer

APRIL 14, 2020

The decision by President Trump to tell 3M to stop shipping masks to Canada and Latin America is astonishing given that all of humanity is facing the same crisis. The article “ 15 Strategic Reserves of Unusual Products ” includes reserves of maple syrup, seeds, ice, raisins, uranium, pork, cotton, helium and more.

Manufacturing Procurement 105

Manufacturing Procurement Purchasing Skills Optimal Sourcing Sourcing 105

Logility

SEPTEMBER 19, 2022

Port congestion, shipping delays, and other supply chain disruptions are affecting industries across all economic sectors, and that includes beverages of all types. For wine and spirits companies, for example, the glass bottle shortage and shipping glitches are two of the biggest problems. Issues in trucking and shipping.

Beverage 130

Beverage Supply Chain Planning Software Agile and Lean Supply Chain Optimal Sourcing 130

QAD

NOVEMBER 8, 2022

Supply chain challenges faced by manufacturers of delayed deliveries and stockouts take on additional urgency in the medical device arena, where patient well-being depends heavily on timely and accurate delivery. Broadening Multi-Sourcing and the Use of Near Shore Suppliers. It works both ways between manufacturers and their suppliers.

Optimal Sourcing 96

Optimal Sourcing Supply Chain Optimization Sourcing Strategies Price Mitigation Strategies 96