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. In the late 1970s, Boston Scientific’s initial success was built on guide catheters and balloon catheters for coronary artery treatments.

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.

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“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”. by CJ Wehlage. Take a good long look at this picture.

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”. They want to assure the sourcing meets their “sustainable” expectations.

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. A sourcing agency will typically do one of the following roles: A.

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 ).

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The State of Reshoring: What Supply Chains Need to Know

PLS Logistics

Companies are strategically moving manufacturing facilities, examining labor costs and time to market, plus looking for accessibility to existing or developing markets and sources of innovation. According to a study from Boston Consulting, 54% of US manufacturers with more than $1 billion in revenue are considering reshoring some or all of their manufacturing.

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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. 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 Management

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! I am on the road this week, acting as Chair (e.g.

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.

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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.

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. Identifying the sources of error in the forecast builds greater accountability for the forecast. Most CPG companies have hit a demand forecasting ceiling.

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 ). 49% – Believe they have more than 11% excess inventory ( Source ).

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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. Cartoon sourced from the Roanoke Times. (Weblink [link].

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.

10 Ways Machine Learning Can Improve Manufacturing Today

IQMS

Source: McKinsey/Harvard Business Review. Source: Boston Consulting Group, AI in the Factory of the Future, April 18, 2018. Source: Smartening up with Artificial Intelligence (AI) – What’s in it for Germany and its Industrial Sector? (52

Why Companies Need a Supplier Relationship Management Strategy

Cerasis

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.

Digital Supply Chains: What’s the Big Deal?

The Network Effect

There’s an interesting report from Boston Consulting Group (BCG), Three Paths to Advantage with Digital Supply Chain , that illustrates the urgent need for companies today to transition to a digital supply chain, if they haven’t done so already.

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.

3 Stats That Prove the Need for a Digital Control Tower

Talking Logistics

With more complexity being added every day, Digital Control Towers offer a single source of truth about your orders, ensuring real-time events management across all milestones and parties so that you can truly manage by exception.

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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.

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.

This Week in Logistics News (January 28 – February 1, 2019)

Talking Logistics

I was hoping for 70F+ weather, but even Florida fell victim to the Polar Vortex, with temperatures only in the 50s (which felt tropical, nonetheless, compared to Chicago and Boston). I was in Orlando, Florida this week moderating workshops for a logistics service provider client.

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.

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

Cerasis

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.

ToolsGroup Named a Leader in IDC MarketScape Worldwide Demand Planning Market Report

ToolsGroup

BOSTON (September 30, 2019) ToolsGroup, a leader a global leader in supply chain planning software, has been named a leader in the IDC MarketScape: Worldwide Supply Chain Demand Planning 2019 Vendor Assessment. . Source: [link]. PRESS RELEASE.

ToolsGroup Named a Leader in IDC Marketscape for Worldwide Supply Chain Inventory Optimization

ToolsGroup

BOSTON (December 13, 2019) ToolsGroup, a leader a global leader in supply chain planning software, has been named a leader in the IDC MarketScape: Worldwide Supply Chain Inventory Optimization 2019 Vendor Assessment. Source: [link]. PRESS RELEASE.

Is Mexico the World's Next Manufacturing Hub?

Elementum

In addition, per the Boston Consulting Group, manufacturing in Mexico is about 4 percent cheaper now than in China — compared to being 6 percent more expensive over a decade ago. Mexico may become the global manufacturing nerve center if the country plays its cards right.

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. H&M , the world’s second largest fashion retailer, said it would use its supply network to source personal protective equipment for hospitals in the European Union to help curb the spread of the coronavirus. With COVID-19 (Coronavirus) evolving at such a rapid pace, the ShipBob team wants to help those in need.

Will the Downturn Signal an Upturn?

Supply Chain Shaman

It was a cold, crisp winter in Boston. During that winter, I was staying at the Westin in Boston and working remotely. Volatility. Demand redefined. Economic markets plummeting… D aily we see the financial charts roll across the news.

Top Digital Supply Chain Cities in the U.S.

Material Handling & Logistics

Source ID. Source ID. Source ID. Source ID. Source ID. Source ID. Source ID. A look at the supply chain readiness of several major U.S. cities, and their adoption of smart-city technologies.

The Efficient Frontier Awaits

Logility

You would be amazed at the gains you can achieve by identifying sources of inventory and optimizing buffers based on where you are now. of Boston University and Michael Martin of Stanley Black & Decker.

This Week in Logistics News (April 3-7, 2017)

Talking Logistics

Rapid temperature cycling due to crazy Boston weather. In other transportation management news, MercuryGate announced the launch of MercuryMart, “a dynamic information exchange providing TMS users with access to a broad range of sources of available capacity.”

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Going Beyond Brokerage: How North American Capacity Solutions Can Go to Work for You

Talking Logistics

Have you thought through your sourcing strategy to make certain you have the necessary elasticity within your capacity network employing asset, non-asset-based, dedicated fleets and opportunistic backhaul carriers? Robinson in Boston where he spent almost 7 years.