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. Sourcing agents are an effective way of finding the most suitable supplier.

Manufacturing Procurement 53

Manufacturing Procurement Sourcing Strategies Sourcing Negotiating Skills 53

The Logistics & Supply Chain Management Society

AUGUST 19, 2022

are reporting that they are being inundated with requests from importers seeking to use provisions such as the “321 de minimis” rule, which allows goods worth less than $800 to be shipped to the U.S. Many companies buy forward inventory ahead of tariffs being implemented. For instance, law firms and consultants in the U.S. Conclusion.

Cost Reduction Strategies 245

Cost Reduction Strategies Material Savings Inventory Reduction Vendor Strategies 245

Supply Chain Matters

JULY 25, 2022

Restoring More Direct Control in Materials Sourcing. Prediction Two of this year predictions indicated the following: Restoring More Direct Control in Strategic and Tactical Direct Material Sourcing Will be the Driving Force for Businesses and their Supply Chain Management Teams in the Coming Year. Mid-Year Assessment.

Sourcing Strategies 59

Sourcing Strategies Manufacturing Procurement Material Savings Predictive Analytics Software 59

Logistics Viewpoints

MARCH 25, 2021

Supply chain disruption has many sources: tariffs and trade disputes, natural disasters, pandemics, economic uncertainty and cybersecurity attacks. There won’t be a new normal, just new sources of disruption, from weather to government policies to industry conditions. Price fluctuations and sourcing issues.

Supply Chain Planning Software 309

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 309

Supply Chain Shaman

JANUARY 31, 2022

Overall lead times from North America to Asia took 17 days longer than from Asia to North America, or 25% longer. Source E2open Shipping Index). We started the conversation with sourcing. Lucas had a team that dictated sourcing based on excel spreadsheet analysis to reduce cost and improve tax efficiency.

Procurement Analytics 217

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies 217

Logistics Viewpoints

SEPTEMBER 29, 2022

A centralized structure could provide standardization benefits that could deliver efficiencies through bulk purchasing, broader understanding of materials requirements, and more effective shipping practices. They identified a multimillion-dollar opportunity to reduce costs through more efficient shipping.

Supply Chain Transformation 242

Supply Chain Transformation Network Optimization Supply Chain Network Software Optimal Sourcing 242

ShipBob

NOVEMBER 29, 2023

These physically unaccounted-for units of inventory called ghost inventory, or phantom inventory , are a more common challenge faced by retailers than you think. Often, the items accounted for in the asset register do not reconcile with what is in the inventory. What is ghost inventory?

Purchasing Skills 52

Purchasing Skills Inventory Inventory Management Software Forecasting Software 52

The Logistics & Supply Chain Management Society

SEPTEMBER 14, 2021

Sustainability is definitely coming of age in Asia. In fact, IDC predicts that manufacturers across Asia who digitally transform and accelerate sustainable innovation to improve supply chain operations, will increase their revenue by 20 percent in 2025. Data is critical to delivering a sustainable supply chain.

Supply Chain Planning Software 223

Supply Chain Planning Software Supply Chain Software Modeling Software Forecasting Software 223

Logistics Viewpoints

DECEMBER 5, 2022

But more than half of their shipments – including a significant portion that begin at factories in Asia – travel across oceans or continents These long-distance shipments go by ocean, air, or rail. Yes, SAP had inbound ASN’s (advanced ship notices). Further, historically Molex had a focused sourcing strategy.

Agile and Lean Supply Chain 196

Agile and Lean Supply Chain Rail Software Manufacturing Procurement Supply Chain Planning Software 196

Supply Chain Shaman

FEBRUARY 7, 2022

Overall lead times from North America to Asia took 17 days longer than from Asia to North America, or 25% longer. Source E2open Shipping Index). We started the conversation with sourcing. Lucas had a team that dictated sourcing based on excel spreadsheet analysis to reduce cost and improve tax efficiency.

Procurement Analytics 195

Procurement Analytics Manufacturing Procurement Sourcing Strategies Optimal Sourcing 195

ToolsGroup

DECEMBER 20, 2021

The problems we are experiencing now started in March 2020 when COVID hit and suppliers in Asia shut down. . When capacity was cut, so too was the empty supply of containers back to Asia. Image source: Bloomberg. Higher container costs , resulting in container-by-container decisions on what to ship.

Supply Chain Disruption 194

Supply Chain Disruption Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 194

Logility

MARCH 29, 2022

Manufacturers and shipping companies assumed that because of layoffs, demand would drop. This then led to … A shipping container shortage: Containers piled up across the world once they were emptied. Ports became overwhelmed: Orders outstripped available containers, which caused the cost of a shipping container to skyrocket.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Software Supply and Demand Supply Chain Optimization 130

SCMDOJO

APRIL 15, 2024

Prime Membership: Amazon Prime – Subscription service offering benefits such as free two-day shipping, access to Prime Video, Prime Music, and exclusive deals. With a wide array of products stored in its fulfillment centers, Amazon can consolidate orders and optimize its inventory management systems.

Logistics Network Optimization Software 82

Logistics Network Optimization Software Inventory Reduction Sourcing Strategies Inventory Management Software 82

QAD

AUGUST 16, 2022

port congestion and unresolved labor issues when imports from Asia return to full strength. Continued fallout, including transport congestion, limited air freight and rail freight transportation in the Asia-Europe lanes, because of the Russia/Ukraine conflict. Potential U.S.

Optimal Sourcing 94

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

The Logistics & Supply Chain Management Society

SEPTEMBER 21, 2022

We can help business leaders by providing insight on the environment benefits or disadvantages of their different sourcing options to start with, but after that comes the physical moving of goods. Train, ship and airline technologies are lagging behind, but there are steps happening. This is the realm of the logistics professional.

Supply Chain Design Software 246

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Forecasting Software 246

Operations and Supply Chain Management

OCTOBER 18, 2021

Forecasting Shipping Delays; Cargo Swamps Airports; Alibaba’s Challenge. The halt at a key regional trading point is the latest hit to expedited shipping operations that have been buffeted during the pandemic. Alibaba Group Holding is facing a new challenge to its e-commerce dominance in China from a seemingly surprising source.

Forecasting 52

Forecasting Cargo Forecasting Software Logistics Network Optimization Software 52

The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Essential Skills for Supply Chain Leaders in Asia during Pandemic The Asian Institute of Management conducted a study across orgainsations in Asia to identify crucial skills and competencies required by supply chain managers and leaders in Asia.

Purchasing Skills 130

Purchasing Skills Buyer Training Asia Supply Chain Design Software 130

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

Supply Chain Matters

FEBRUARY 25, 2022

merchants held a total of nearly $643 billion in inventories, described as being below pre-pandemic level, while the closely watched inventory to sales remained near its lowest point in 30 years. With the on-time arrival times of container ships down to a level of less than 36 percent, and with ocean transit times from Asia to U.S.

Supply Chain Planning 40

Supply Chain Planning Inventory Manufacturing Procurement Supply and Demand 40

The Logistics & Supply Chain Management Society

AUGUST 14, 2023

How do you reduce excess inventory if the innovative product is not popular? The critical decisions to be made about inventory and capacity are where in the chain to position inventory and available production capacity in order to hedge against uncertain demand. And suppliers should be chosen for their speed and flexibility.

Agile and Lean Supply Chain 130

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

QAD

MARCH 31, 2020

ANCA builds their machines in Australia but these precision components are sourced from around the world. Machines can’t be built and shipped without having the right parts in inventory , but at the same time, keeping parts on the shelf consumes space and cash. Manage consignment inventory.

Manufacturing Procurement 119

Manufacturing Procurement Procurement Solutions Optimal Sourcing Procurement 119

Supply Chain Matters

APRIL 7, 2022

Global Shipping. The World Container Index , assessed by Drewy Consultants, is a compilation of eight major shipping routes to and from the United States , Europe and Asia. Shipping Transit Timeliness. The Flexport Ocean Timeliness Indicator tracks average ocean container shipping transit times. US Logistics Index.

Global Transportation 52

Global Transportation Logistics Network Optimization Software Cost Reduction Strategies Global 52

Resilinc

AUGUST 30, 2023

Two weeks ago, 160 ships were stuck waiting to pass through the canal, carrying everything from auto parts, Barbie dolls, and diabetes test kits, according to Reuters. Some ships were delayed by as much as 21 days. 55 to 125 million gallons per ship, depending on size—to move ships through the canal.

Panama 62

Panama Modeling Supply Chain Planning Software Supply Chain Optimization 62

Supply Chain Shaman

AUGUST 24, 2020

Phone calls to Europe or Asia were costly and of poor quality. Like a rocket ship traveling to Mars, a new press release popped into my email each day. There is no network capable of connecting sourcing, logistics, manufacturing, and distribution together in the market today. A portal is an information dead-end street.

Supply Chain Network Software 316

Supply Chain Network Software Manufacturing Procurement Purchasing Skills Procurement Solutions 316

Logistics Viewpoints

AUGUST 12, 2022

In all, the acquisition will add more than 350 temperature-controlled vehicles and four million square feet to the UPS Healthcare global footprint, offering customers access to faster shipping times, greater production flexibility, and offerings to help them attract new business. From a shipping perspective, time is critical.

Logistics Network Optimization Software 227

Logistics Network Optimization Software Modeling Logistics San Antonio 227

Logistics Viewpoints

JULY 9, 2021

Prime Minister Yoshihide Suga said it was essential to prevent Tokyo, where the highly infectious Delta COVID-19 variant was spreading, from becoming the source of another wave of infections. Restaurants, bars find suppliers’ inventories are running dry. Container shipping prices skyrocket. Descartes acquires GreenMile.

Logistics Network Optimization Software 165

Logistics Network Optimization Software Logistics Price Reduction Finland 165

Supply Chain Matters

DECEMBER 13, 2022

Disruptions were brought about not only by the persistent and recurring spread of Covid -19 infections globally, but also significant storms and natural disasters, a one-week blockage of one of world’s most transited shipping canals, followed by complete disarray among global shipping schedules. seen as a likely alternative.

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Optimization Supply Chain Software Supply Chain Strategy 52

ShipBob

DECEMBER 18, 2019

For those of us who rely on shipping and manufacturing businesses, the Chinese New Year shutdown is an event that we need to be aware of (and prepared for) in advance to avoid delays that could be catastrophic to our businesses. Shipping delays. Increase inventory. Chinese New Year 2019: How will it affect my business?

How To 136

How To Manufacturing Procurement Optimal Sourcing Supply Chain Planning Software 136

Supply Chain Matters

MARCH 3, 2022

Optimism is reflected in United States , Eurozone and select Asia data and the traditional Lunar New Year holiday period does not appear to have dampened Asia based production levels for February. The Flexport Ocean Timeliness Indicator tracks average ocean container shipping transit times. for February, slightly higher than 50.1

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Supply Chain Optimization Global 52

Resilinc

JULY 26, 2022

Among top PC makers, only Apple showed growth in unit sales, shipping 9.3% According to Counterpoint Research, as quoted by Nikkei Asia, Samsung saw “favorable pricing, high utilization rate[s] and share wins in [the] foundry sector,” including strong growth in large-scale integration for products ranging from smartphones to automobiles.

Manufacturing Procurement 62

Manufacturing Procurement Gartner Inventory Reduction Price Reduction 62

Supply Chain Matters

MARCH 29, 2022

While the company does outsource manufacturing and component needs across Asia, there has also been a commitment toward maintaining some U.S. and China trade war had resulted in added tariffs being applied to footwear causing designers to consider sourcing within other countries, especially Vietnam. onshore presence.

Manufacturing Procurement 52

Manufacturing Procurement Manufacturing Sourcing Strategies Expense Reduction 52

Supply Chain Matters

JULY 15, 2022

Sourcing was both a cost as well as landed cost decision factor. Containers of fitness equipment shipped from Asia were delayed by major port and inland logistics disruptions. The move was communicated as a means to boost market share and to gain access to domestic sources of manufacturing capability.

Sourcing Strategies 105

Sourcing Strategies Cost Reduction Strategies Expense Reduction Inventory Reduction 105

Supply Chain Matters

MAY 22, 2023

According to the April report commentary , the industry remains hopeful in new signs indicating that retailers and manufacturers are getting closer to working off the overall glut of inventories that resulted in 2022. Spot rates for the Shanghai to Los Angeles shipping lane segment reportedly averaged $1823. The two U.S.

Negotiating Skills 52

Negotiating Skills Inventory Reduction Cost Reduction Strategies Price Reduction 52

Supply Chain Matters

MARCH 23, 2022

American Shipper reported last week that the number of container ships calling on major U.S. East Coast ports in transit from Asia will surge to a new record high in the coming months. West Coast ports during 2021 in trying to process historic ship backlog levels. Stated drivers of the changed routings from Asia to U.S.

Ukraine 52

Ukraine Kansas City Supply Chain Planning Software Supply Chain Strategy 52

NC State SCRC

OCTOBER 5, 2022

Some of the supply constraints are also due to the destruction of key infrastructure in the Ukraine for shipping of these commodities. Dual sourcing and longer term contracts – This is always a challenge. Vertical integration – Home Depot and Lowes are buying their own container ships for example! Not likely.

Conference 52

Conference Ukraine Global Purchasing Skills 52

Elementum

MAY 26, 2022

2) Ship to the US and Western Europe. They expanded first into other parts of eastern Asia (Vietnam, Thailand, India), then into eastern Europe (Poland, Ukraine) and Mexico. If that were not enough, consumers have also grown to expect (and demand) full transparency of the entire shipping process, down to the item level.

Supply Chain Disruption 78

Supply Chain Disruption Agile and Lean Supply Chain Purchasing Skills Supply Chain Software 78

Resilinc

NOVEMBER 2, 2021

In the race to fill distribution centers and store shelves with inventory for the holidays, some of the world’s largest retailers and ecommerce sellers are jumping ahead of smaller competitors by chartering ships, shifting freight to air, re-rerouting inland shipments, and hiring more staff for distribution centers and other supply chain nodes.

Inventory Reduction 62

Inventory Reduction Retail Cost Reduction Strategies Resource Reduction 62