Hans Willems, Boston Scientific: “We’ve now evolved into a solutions provider”

Supply Chain Movement

A Boston Scientific medical device is used somewhere in the world every two seconds, but the company is much more than a medical device manufacturer. A decade of internal costsaving measures at Boston Scientific has led to creative, state-of-the-art solutions such as a genetic algorithm that calculates the optimum packaging size to minimise the amount of empty space being shipped. Europe accounts for 21 percent of Boston Scientific’s total revenue.

Boston Procurement Leaders part 3: Talent Management Challenges

Supply Chain View from the Field

One of the most interesting panels from the Boston Procurement Leaders conference was focused on Talent Management. My Accounts Payable and Sourcing people are looking like value drivers focused on driving P&L realization to the bottom line. We heard from a number of speakers on the subject of how the need for talent is shifting dramatically in the years ahead. The first to comment on this was Ken Litton, CPO at Deutsche Bank, and a former NC State engineer alumni.

Insiders

Sign Up for our Newsletter

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

Five Tips on Sourcing Products From China

EMERGE App

Google a phrase like “sourcing products from China” and you’ll instantly be faced by almost 39 million results! You need to source for products to sell at wholesale prices to your retail customers. And the place to source for most, if not all, of your products is in China. This blog post doesn’t aim to be the ultimate guide to sourcing goods from China. I like to start with a broad-based search at Alibaba and Global Sources. Introduction.

“Storage Wars” Rescues Supply Chain Ignominy

Kinaxis

Up until this past year, my greatest “ah-ha” moment was watching my Boston neighbor walk away with my Arians Platinum 20-SHO snow blower. But, in Boston, we had this dirty little secret. In Boston, we had an “ATTIC”. The end to end network required real time technology, from a single data source that could “ know sooner and act faster ”. by CJ Wehlage. Take a good long look at this picture. That’s my ignominy. That’s my garage.

The Next Great Disruption Coming to Supply Chains

Kinaxis

I watched a TED Talk video by Philip Evans, from Boston Consulting Group and shuddered to think that all our traditional fulfillment and inventory models can be drastically transformed by the “consumer”. Consumers used multiple devices, internet of things, etc, to check FGI (finished goods inventory) /sub-assembly and raw inventories, build plans, and sourcing options, as they are considering a purchase! They want to assure the sourcing meets their “sustainable” expectations.

This Week in Logistics News (July 13-17, 2015)

Talking Logistics

Robinson and the Boston Consulting Group published a research report on the potential impact the Panama Canal expansion could have on logistics strategies and operations (watch my conversation with two of the authors in a recent episode of Talking Logistics ). And here’s a chart they included in the post: Source: [link]. Global Trade This Week in News Transportation Management Boston Consulting Group C.H. My 15 year old Subaru has a parasite.

Boston 161

AMER 2021 – Francois Pilon

ivalua

During his tenure at RBC, Francois lead the IT Sourcing Team and manage the implementation of their Sourcing to Pay systems. At Manulife, he leads a team of sourcing professionals located in Montreal, Toronto, Waterloo and Boston. Francois Pilon.

Canada 130

ToolsGroup’s Michael Haiber and Stefano Novati Named Supply & Demand Chain Executive “Pros to Know” for 2021

ToolsGroup

BOSTON, March 17, 2021 – ToolsGroup, a global leader in supply chain planning software, is proud to announce that ToolsGroup Director of Professional Services for Europe, Michael Haiber, and Vice President of Professional Services, Stefano Novati, were both named 2021 “Pros to Know” by Supply & Demand Chain Executive magazine.

KPI 120

Five signs its time for supply chain transformation

Kinaxis

Leaders from Bose, Boston Scientific and ON Semiconductor shared key lessons from their supply chain transformations, including what led them to consider change. All supply chains have data errors, but if exhaustive searches rarely reveal the source of the problem – or reveal new problems – it might be more than run-of-the-mill complexity. Watch the full Gartner panel to get further tips and insights from leaders at Bose, Boston Scientific, ON Semiconductor and Kinaxis.

Outsourcing: The Good, the Bad, and the Ugly – Lessons from Nortel Networks

NC State SCRC

Nortel was on the first to create an outsource system house in Boston which was moved to Penang. Business Process Outsourcing Design for Supply Chain Outsourcing Strategic Cost Management Strategic Sourcing Supply Chain Innovation Supply Chain ManagementJeff Townley, former Chief Procurement Officer at Nortel Networks, provided some fantastic insights in my MBA class this evening. In so doing, he shared some great insights about “Outsourcing: The Good, The Bad, and the Ugly.”

Insights From Procurement Leaders Conference Part 1 – Making HR Your Friend!

Supply Chain View from the Field

master of ceremonies”) for the Procurement Leaders Forum in the heart of Boston at Sixty State Street. The conference was held at 60 State Street – overlooking Boston on a beautiful fall day! Procure to Pay Strategic Sourcing Supply Chain Management Supply Chain Talent Management Supply Market Intelligence I am on the road this week, acting as Chair (e.g.

Will Globalization Bounce Back? Part One of Two

Enterra Insights

Hans-Paul Bürkner, Chairman of the Boston Consulting Group (BCG), and his colleague, and Arindam Bhattacharya, write, “We are living in a confusing, polarizing world of dizzying complexity and puzzling contradictions. If you don’t have a first-tier supplier who’s sourcing from China, then your supplier’s supplier is.”[7] 1] Hans-Paul Bürkner and Arindam Bhattacharya, “ Squaring the Circle ,” Boston Consulting Group, 22 October 2020. [2]

Global 109

Is The Creative Class Coming To A City Near You?

Supply Chain Insights

Aside from a short stint living in Europe, I’ve always lived in Boston, MA. As I got older, and progressed in my career, I stayed in Boston because of different reasons. This is more than just birds of a feather flocking together in a few places on the planet (Silicon Valley, Boston’s Route 128, The Triangle in North Carolina, Austin, Seattle, Bangalore, Dublin and Sweden to name a few) and having an impact. Cartoon sourced from the Roanoke Times. (Weblink [link].

Study Shows Two-Thirds of Companies Yet to Execute Digital Transformation in Supply Chain Planning

ToolsGroup

BOSTON, Mass. Our services help clients develop the right supply chain strategy for their business challenges and implement the process and technology solutions to improve Demand/Supply Planning, Procurement and Sourcing, Logistics and Warehousing, and Reverse Logistics business performance. Founded in 2002, Spinnaker has offices in Boston, Columbus, Denver, Houston, Memphis, Pittsburgh, London, and Singapore. PRESS RELEASE.

Study 131

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

The Logistics & Supply Chain Management Society

This has proved to be a major source of risk. Poor business continuity planning, lack of risk management programs and single source suppliers, have magnified the impact of such risks. Build-In supplier network redundancies: Single-source dependency is high risk.

UAE 198

Strong Supply Chains Required For an Economic Rebound: Six Steps To Take

Supply Chain Shaman

My first focus was on China sourcing. China was the source of over 90% of PPE.) I gave thanks when the Patriots jet—championed by Mass General and Robert Kraft (owner of the Patriots)—landed in Boston with a million masks. Today, I am reflective.

The White House Shines a Light on Supply Chains

Enterra Insights

If you don’t have a first-tier supplier who’s sourcing from China, then your supplier’s supplier is.”[1] If America is going to reduce its reliance on China, Boston Consulting Group analysts assert wrenching decisions will have to be made. 8] Raj Varadarajan, Antonio Varas, Marc Gilbert, Michael McAdoo, Fang Ruan, and Gary Wang, “ What’s at Stake If the US and China Really Decouple ,” Boston Consulting Group, 20 October 2020.

MEIO By the Numbers

Logility

26% – Amount Boston Scientific reduced their inventory ( Link ). $20 47% – Best-in-Class companies have strong process capabilities in optimizing inventory versus 29% of Laggards ( Source ). 61% – The number of Consumer Goods companies that rely on rule-of-thumb as their inventory policy ( Source ). 49% – Believe they have more than 11% excess inventory ( Source ). The Good.

Boston 116

Why CPG Demand Forecasting Has Hit a Ceiling

ToolsGroup

Boston Consulting Group talks about how the “endless aisles” of the internet and omni-channel sales increase product assortment. The Boston Consulting Group said at the 2015 Grocery Manufacturers Association/Food Marketing Institute (GMA/FMI) supply chain conference that 22% of polled respondents said less accurate forecasts were one of their top hurdles to improving service. Identifying the sources of error in the forecast builds greater accountability for the forecast.

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

The Logistics & Supply Chain Management Society

Supporting localisation – To increase resilience, means to decentralise sourcing. Repositioning production plants / source manufacturing closer to end users’ markets, requires investing in regional infrastructures. Only 17% of global chemical companies are “digital champions” (Boston Consulting Group) – also confirmed by GPCA on status of GCC chemical industry. The GCC chemical industry is second largest manufacturing industry in value add, after refining.

Supply Chain Sustainability is Becoming a Hot Topic

Enterra Insights

” Although some business leaders believe sustainability efforts are source of increased costs with little ROI to show for them, the Sustainability Consortium (TSC) and HSBC suggest becoming more sustainable is in a company’s best interests. Boston Consulting Group (BCG) analysts report, “A recent BCG survey examined how the pandemic has shifted global consumer attitudes toward environmental issues. The U.S.,

Fishing for Supply Chain: How Red’s Best is Transforming Supply Chain Management

Kinaxis

In response to some challenges with provenance on their product, Boston-based seafood distributor Red’s Best created its own software to track where they get their fish, and where it goes once it leaves the warehouse. It’s no secret consumers, in general, care more and more how and where their food was raised and sourced. Seriously, where else in the city of Boston can you find a $5 cod head that has tons of meat on it and can feed an entire family?

Why Companies Need a Supplier Relationship Management Strategy

GlobalTranz

In May, 2014 Raytheon gathered a group of its largest suppliers in Boston, MA to discuss the launch of the company’s Supplier Advisory Council. Supply chain concepts are generally understood in a linear pattern of consecutive planning in the form of plan-source-make-distribute-return/dispose. Consumers are becoming increasingly more concerned with how their products are manufactured and sourced.

10 Ways Machine Learning Can Improve Manufacturing Today

IQMS

Source: McKinsey/Harvard Business Review. Source: Microsoft Azure blog, Implement predictive analytics for manufacturing with Symphony Industrial AI , Boston Consulting Group (BCG) found that manufacturers’ use of AI can reduce producer’s conversion costs by up to 20% with up to 70% of the cost reduction resulting from higher workforce productivity. Source: Boston Consulting Group, AI in the Factory of the Future, April 18, 2018.

7 Ways to Strategically Elevate Freight Procurement

Talking Logistics

In the last decade, many companies, especially those with manufacturing operations, have evolved direct materials sourcing from an administrative function to a strategic procurement process. The embodiment of this transformation is the chief procurement officer, an increasingly common title for executives that strategically source goods and services.

Digital Transformation Helps with Corporate Alignment

Enterra Insights

Boston Consulting Group (BCG) analysts believe cognitive technologies will play an important role in post-pandemic transformations. They explain, “Rather than heavily concentrating sourcing and production in a few low-cost locations, companies will build more redundancy into their value chains. Whether you’re driving your car or running a business, when things are out of alignment, performance suffers.

Corporate Social Responsibility Efforts: Succor or Sucker?

Enterra Insights

He explains, “Most CSR is focused on ‘social compliance’ and ‘auditing’ Audits and compliance have their place and are an important part of ethical sourcing. … Auditing and compliance has not ensured ethical and sustainable sourcing or facilitated genuine improvements in the protection and wellbeing of those workers who are the most vulnerable part of our businesses and brands.

Survey 100

The Supply Chain Can?t Stop: A story from the front lines at Ken?s Foods

Elementum

Today, they produce and package over 1,000 varieties of dressings and sauces — including category leader, Sweet Baby Ray’s barbecue sauce — across 4 plants near Boston, Indianapolis, Atlanta, and Las Vegas. It was Wednesday, March 11th and Ken’s Foods had a dilemma.

This Week in Logistics News (April 11-15, 2016)

Talking Logistics

Today marks the three-year anniversary of the Boston Marathon bombings, a sad and scary day, especially those of us living in the Boston area. May their memory continue to be a source of strength and comfort to their families and friends and us all. My wife’s cousin ran the marathon that year and he wasn’t able to finish the race due to the bombings, but as I wrote at the time , we were just happy he made it home safely.

Top Digital Supply Chain Cities in the U.S.

Material Handling & Logistics

Given that the study was funded by an Atlanta-based group, the results are hardly authoritative (for instance, a number of major cities, such as Boston, Charlotte, Denver, Philadelphia, Phoenix and Washington, are not included in the study), but they do offer an interesting view on the supply chain capabilities of seven major regions. Source ID. Source ID. Source ID. Source ID. Source ID. Source ID. Source ID.

How to Move Forward with Reverse Logistics

Talking Logistics

His specialties include supply chain solutions, transportation management, freight capacity sourcing and optimization, transportation technology, shipper and carrier relationship management, fleet and linear asset management, and network operations. Prior to that he was general manager, intermodal, for Boston & Maine Railroad, and founder, as well as COO of BMX, B&M’s motor carrier subsidiary.

Reshoring in America: The Future Outlook, Current Hindrances & Issues, and Ways to Stimulate Reshoring

GlobalTranz

To reiterate that reshoring is more than just hype and a very important topic for us to consider the Boston Consulting Group (BCG) study found that 54% of companies with above one billion in revenues are now considering reshoring. More Regulation Hindrances to Reshoring In America: Sourcing New Minerals and Metals Mines.

10 Ways IoT Can Improve Supply Chains

IQMS

The multiplicative effects of combining IoT and blockchain to improve track-and-traceability are shown in the context of the following table from the Boston Consulting Group. 32% of enterprises are adopting blockchain to gain greater speed compared to existing systems, and 28% believe blockchain will open up new business models and revenue sources.

Are We Entering the Internet of Things Age?

Enterra Insights

Businesses that tap into this big data source can streamline their internal processes, engage their employees more efficiently, and proactively serve personalized products to their customers.” In spite of the challenges, Boston Consulting Group (BCG) analysts observe, “The Internet of Things is fundamentally changing the way businesses behave.”[5] As human beings, we are programmed to name things. Naming things helps us make sense of the world around us.

How Ecommerce Brands Are Helping Fight COVID-19 (Coronavirus) + Resources for Those in Need

ShipBob

They will deliver free, fresh salads and bowls to hospitals in the cities they serve: DC Area, Philadelphia, Boston, NYC, SF, LA, Chicago, and Houston. With COVID-19 (Coronavirus) evolving at such a rapid pace, the ShipBob team wants to help those in need.