Remove Benchmarking Remove Manufacturing Procurement Remove SCM Remove Sourcing
article thumbnail

The Best Ways to Use Project Management to Build Resilient Supply Chains Amid Global Disruptions

SCMDOJO

Improve collaboration between suppliers, manufacturers, and logistics partners. These include alternative sourcing strategies, backup transportation routes, and emergency inventory reserves. In supply chain operations, it plays a crucial role in mitigating risks, improving response times, and optimizing workflows.

article thumbnail

Experts Discuss How to Streamline Global Supply Chain

Supply Chain Opz

Whether you''re a manufacturing company in China, a sourcing agent in London or a world''s leading company in Silicon Valley, we''re all in a global supply chain networks. Research from APQC’s Open Standards Benchmarking in procurement shows that organizations without formal SRM programs report 121 percent longer supplier lead times.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

7 Steps to Product Procurement Pricing that Suppliers Can Support

MIT Supply Chain

A new tool enables procurers to negotiate product prices without bargaining away supplier goodwill. When bargaining with suppliers over a product price, how can procurement professionals secure the best deal without damaging a valued relationship by being overly aggressive? Identify the RM and manufacturing process for each sub part.

article thumbnail

6 Strategies for Better Supply Chain Management in the Current Economy

Oracle SCM

Companies tripped over themselves to build ecommerce portals, and one-click purchasing grew in relevance. The right prediction and contingency planning tools will ensure a complete view and an effective response to risks such as suppliers going out of business, political upheaval, and natural calamities affecting manufacturing.

article thumbnail

Blockchain SCM Transformation Explained in Layman’s Terms

Shipchain

While this comparison is most commonly associated with benchmarking, it is also part of the reason why more people in the shipping industry are turning to blockchain for supply chain management (SCM). Why Do Shippers Underestimate Blockchain SCM ? However, blockchain SCM may help solve these issues, says Bernard Marr of Forbes.

SCM 78
article thumbnail

A Few Thoughts about Supply Chain Management

Enterra Insights

Supply chain management (SCM) sounds like a straight-forward topic; nevertheless, numerous articles have been written on the subject explaining what it is and what it isn’t. Sara White, a Marketing Coordinator at SupplyPike, observes, “SCM performance directly impacts an organization’s general performance. ”[3]. .”

article thumbnail

Getting that “Swing” in Supply Chain Management

Talking Logistics

Author’s Note: Below is an excerpt from Moving Up the Supply Chain Maturity Curve: The Process Industry Executive Agenda for 2016 and Beyond , a white paper recently published by Elemica with research conducted by Adelante SCM. Step 2 – Develop Metrics and Data Sources. Which metrics are the right ones?