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Harvard Business Review recently published an article, “ To Build Resilience, CEOs Need to Become Supply-Chain Experts ”. In this article, we wanted to discuss one aspect of supply chain that is often not given enough attention – building strategic relationships and shared value with direct spend suppliers.
Companies leaning heavily on global sourcing? manufacturer I know saw their import costs jump overnight, forcing a rethink of a decade-old sourcing strategy. Consequently, when shortages emerged, they had already secured alternative sources, thereby averting a significant disruption to production. For example, U.S.-based
Manufacturers across industries are facing overwhelming volatility due to the coronavirus pandemic, the effects of which are still impacting the global market and supply chains, regulations, customer expectations and more. So, how can manufacturers begin to future-proof their operations? Manufacturing a resilient future.
The exhibit featured dozens of items, articles of clothing, and mementos dating back to the era of the Silk Road. The shortage has not impacted Charlottesville’s other major healthcare provider, Sentara Health as this organization sources its IV solutions from a different manufacturer.
Strategic sourcing and innovative solutions are often viewed as two distinct procurement tools, but they should not be seen in isolation. This article delves into how these two elements, working together, can transform procurement strategies into long-term competitive advantages. Click here!
CLM changed its name twenty years ago to the Council of Supply Chain Management Professionals (CSCMP) to be more inclusive of the source, plan, and make aspects of supply chain management. Would there be less fog if we could move planning data seamlessly across make, source, and deliver bi-directionally through orchestration engines?
Supply chains, which facilitate the movement of products from manufacturers to consumers, have historically encountered issues such as inefficiency, fraud, and a lack of transparency. Companies find it difficult to fully trust the data from suppliers, complicating efforts to ensure product authenticity, safety, and ethical sourcing.
For example, if I improve the cost structure in transportation, procurement, manufacturing and sales independently, what decision support framework decides the right trade-offs? The data outcome is open source and can be used to improve project outcomes. You are right. The goal is to give back and help business leaders drive value.
It requires a streamlined, reliable supply chain, from sourcing gear and managing equipment lifecycles to ensuring a seamless student experience. Much like gyms and wellness centers, diving schools operate within the broader fitness supply chain , which impacts how they source, sell, and serve.
Bowman, SupplyChainBrain In the rush to adjust sourcing strategies in line with current trends in international trade, the answer might be to think small. manufacturers have spent the last few decades consolidating production at gigantic offshore plants, especially in China. Enter the concept of the “microfactory.”
This article outlines key factors driving supply chain change, the limitations of outdated strategies, and how Walmart is restructuring its supply chain using AI and automation. Just-in-time (JIT) inventory models, lean supplier networks, and offshore manufacturing reduced expenses but left companies exposed to disruptions.
In our pandemic research, we interviewed thirty manufacturers. To help readers sort through the hype, we are writing articles on digital twin use cases to help companies gain a competitive advantage. Consequently, the traditional tools and techniques to support our manufacturing processes were inadequate.
Ibrahim Al Syed, the director of digital manufacturing at Celanese, was surprisingly forthcoming about how Celanese developed these capabilities at ARC Advisory Groups 29th Annual ARC Industry Leadership Forum. He also spoke at the ARC forum in 2023, and this article is based on that presentation as well. They must be. Celanese has 2.5
Table of Contents ** Minutes What is product sourcing? Where can I source products from? This makes it essential that buyers understand where they are sourcing their products from and how that ultimately affects their brand. What is product sourcing? Where can I source products from?
(Infographic) In recent years, the focus on sustainability has become more crucial than ever, especially within the supply chain of appliance manufacturing. Let’s dive into how sustainability can be woven into the appliance manufacturing supply chain and the strategies that lead to significant carbon emission reductions.
Today’s article is the fifth part in a series featuring surveys from APQC on supply chain topics including ESG in supply chain , environmental sustainability , last mile , digital transformation. Survey respondents are second most likely to have implemented Robotic Process Automation in sourcing and procurement (20 percent).
The resurgence of aggressive tariffs and geopolitical shifts have disrupted sourcing, inflated costs, and left manufacturing operations scrambling. The post How Process Intelligence Helps Manufacturers Overcome Tariff Turbulence appeared first on QAD Blog. What’s the answer?
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.
They write, “This includes tackling bigger issues such as compliance, supplier relationship management, risk and disruption, responsible sourcing, and transparency. “AI allows you to integrate real-time data from various sources, helping you devise more efficient delivery routes and schedules.
Industries dependent on these metals, including defense , renewable energy , electronics, and manufacturing, may experience supply chain disruptions, including delays, price increases, and supply bottlenecks, due to China’s leading role in their production. China is the top producer of all five recently restricted metals.
With automation, you can transform traditional manufacturing into a streamlined, data-driven operation. Continue reading to discover how automation is revolutionizing efficiency not only in manufacturing but also far beyond. Your equipment will only work when needed—eliminating energy wastage at the source.
companies in apparel and fashion have shifted their sourcing, and have reached “single-digit” dependency on Chinese manufacturing, said Maersk Chief Commercial Officer Karsten Kildahl, in the update. “[O]ther Find more articles by Stuart Chirls here. Maersk said its Gemini services with Hapag-Lloyd (OTC: HLAGF ) had a 90.9%
In today’s high-pressure manufacturing environment, true agility isn’t just a goal – it’s essential for survival. Faced with volatile demand, equipment failures, and disruptive supply chains, how can manufacturers move beyond reacting to chaos and instead gain a proactive edge, all while boosting quality and efficiency?
In recent years, manufacturers have experienced substantial supply chain disruptions , leading to material and labor shortages, quality issues, product delays, and low profit margins. In this article, we showcase five leading product companies that excel in supply chain management and share valuable lessons your business can learn from them.
In the race to meet shifting consumer preferences, success belongs to manufacturers that can quickly reconfigure their operations to capitalize on opportunities. It is a transformative approach to modern manufacturing that allows manufacturers to gain the efficiency of large-scale central facilities with the flexibility of smaller plants.
Manufacturing Sectors Client Alert Foreign adversaries are increasingly threatening vital domestic industries through current and potential future restrictions on critical mineral exports. Background Nickel and titanium are critical to the aerospace manufacturing sector. contractors in the aerospace manufacturing sector.
Another use case we see for scenario modeling in the current context is evaluating new sourcing locations. A recent Thomas survey found that 64% of manufacturing companies are likely to “bring production and sourcing back to North America” in view of COVID-19. Evaluating Potential for Reshoring . Stay tuned! .
According to a Car and Driver article, there are only about 17,000 hydrogen-powered automobiles in the US. While major vehicle manufacturers are focusing on electric cars, hydrogen vehicles are still in the background despite their lucrative promise. As stated in a CNBC article, another significant production challenge is its cost.
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. This practice is illegal. Free trade agreements (FTAs).
Article - May 19, 2025 A Bitter Pill: Americas Dangerous Dependence on China-Made Pharmaceuticals How Global Supply Chains, Strategic Rivals, and Quality Breakdowns Threaten U.S. Over 504 generic drugs, including 10 essential medicines, have only a single identified API manufacturing country, heightening the risk of supply shocks.
In a series of blog articles, the Product/Solutions Marketing team explores new business challenges and innovation solutions to change the game and manage disruptions. Global Complexities Terence: Industrial manufacturing companies are modifying their supply chain landscape and operations to prepare for the new world.
While lean manufacturing and just-in-time were game-changing concepts when they were introduced, agility and resilience must be taken to an entirely new level post pandemic. Most manufacturers have ranked increased transparency and collaboration as one of the key aspects permanently and positively impacted because of the COVID-19 crisis.
This is the year that AI stops being just a buzzword and begins to evolve into an operational imperative for manufacturers, retail and supply chain companies. Like any engine, it cant run without fuel, and not just any type of energy source is going to cut it. Think of AI as a high-performance engine.
For the purpose of this article, I will use Return on Invested Capital (ROIC) as the proxy metric to discuss asset utilization.) Keith led the work to move P&G from a regional to a global manufacturer opening up the Warsaw center of planning excellence and outsourcing IT to HP. A manufacturing capability is not ubiquitous.
Discover capability gaps and create sourcing events Seek and discover what capabilities the organization may be lacking, such as vulnerabilities or inefficiencies in transportation or supplier capacity. By identifying these gaps, you can create sourcing events to close them. <br>- Organize sourcing events to address gaps.
Feature Article by Anthony Beavis, Managing Director APAC at Körber Supply Chain. Major businesses have had to completely re-consider previous supply chain strategies that were largely centred around lean manufacturing, just-in-time delivery and reducing operating costs. Manufacturing Network Diversification. Multi-Sourcing.
At a high level, procurement focuses on sourcing the goods and services an organization needs, while supply chain management oversees the broader flow of those goods, from raw materials to end customers. Supply Chain Management (SCM) involves orchestrating a product’s or service’s entire lifecycle, from sourcing and production to delivery.
The company explains, “The growing reliance on artificial intelligence and Internet of Things (IoT) devices is creating vulnerabilities across supply chains, with manufacturing and electronics sectors identified as particularly at risk. 8] I suggest you read the entire article to learn more about other possible black dragon events.
Feature Article by Prof. In these times of global turmoil, there are five (5) important megatrends shaping supply chain innovations in the coming years, namely in e-fulfillment, sourcing, food and agriculture, labour intensive operations, and halal supply chain management. From global to local and regional sourcing.
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.”.
In our work with a large DIB manufacturer, Exiger identified additional impacted parts by analyzing technical data packages and master production schedules. Antimony (Sb): A metalloid used primarily in flame retardants and lead-acid batteries; predominantly sourced through stibnite (Sb2S3) ore.
This article explores the disruptive nature of supply chain disruptions, the significance of collaboration in managing direct spend, the role of Purchase Order (PO) Collaboration in tracking materials throughout the order cycle, and real-world challenges faced in PO Collaboration.
My client writhed in her seat and hung her head as she asked, “I read your article on control towers, but I am confused. While there are many types of visibility (see Figure 1), the most common use case is either sourcing or transportation visibility. I pressed my neatly folded napkin to my lips. What is an easy definition? Visibility.
Additionally, an NTT survey found that manufacturers are extremely confident in generative AI, especially for supply chain management, but 92% report legacy technology is limiting expansion.
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