Synovos

AUGUST 9, 2023

RS Integrated Supply’s Costanza Campi to speak at World Procurement Excellence Summit WARRINGTON, UK / RADNOR, PA 8 AUGUST 2023 – Costanza Campi, Senior Vice President of Global Procurement for RS Integrated Supply, has been selected to present at the upcoming World Procurement Excellence Summit in Cologne, Germany.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Solutions Procurement Analytics Eliminating Excel in Purchasing 52

Logistics Viewpoints

JULY 22, 2021

As product flows rapidly shifted and hard baked assumptions about lead times and sourcing locations were put to test, users across many organizations bypassed their planning systems and turned to excel sheets, internal data science teams or non-traditional supply chain vendors who could deliver AI based solutions at a faster turn.

S&OP 244

S&OP Supply and Demand Optimal Sourcing Supply Chain Design Software 244

Supply Chain Shaman

NOVEMBER 15, 2021

Inventories in the chemical industry are at record lows: a forerunner of bad days ahead. The health of all sectors is dependent on the chemical industry.) Especially grievous are the gaps between finance and operations, manufacturing and procurement, and the operations and commercial teams. Time For Action.

Supply Chain Design Software 195

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Supply and Demand 195

Supply Chain Shaman

NOVEMBER 15, 2021

Inventories in the chemical industry are at record lows: a forerunner of bad days ahead. The health of all sectors is dependent on the chemical industry.) Especially grievous are the gaps between finance and operations, manufacturing and procurement, and the operations and commercial teams. Time For Action.

Supply Chain Design Software 195

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Supply and Demand 195

Logistics Viewpoints

JANUARY 13, 2022

As organizations look for reducing dependencies on concentrated sources of supply, Eastern Europe, Mexico, and South Asian countries will start providing viable alternatives to the current manufacturing powerhouse countries. In the current capacity constrained environment, such technologies will become a significant competitive advantage.

Supply Chain Design Software 236

Supply Chain Design Software Predictive Analytics Software Supply Chain Planning Software Supply Chain Software 236

Logistics Viewpoints

DECEMBER 12, 2022

They source plastic pellets and then use injection, blow molding, rotational molding, and thermoforming to produce their finished products. In September of 2020, the company hired Jeff Baker to be their Vice President of Procurement and Integrated Supply Chain. The fast-growing company generated over $5.5

Supply Chain Planning Software 201

Supply Chain Planning Software Supply Chain Planning Procurement Solutions Scenario Planning 201

o9 Solutions

DECEMBER 3, 2021

The chemical’s industry is no different, as its value chain—from raw material sourcing and shipping to production—has been impacted by disruptions and ripple effects due to the COVID pandemic. An additional factor in the volatility is that many downstream industries rely on chemical companies for their production processes.

Chemicals 52

Chemicals Modeling Supply Chain Planning Software Scenario Planning 52

NC State SCRC

MARCH 17, 2021

Prices for polyethylene, polypropylene and other chemical compounds used to make auto parts, computers and a vast array of plastic products have reached their highest levels in years in the U.S. For one of the high grade ethylene required, there is only one manufacturer in North America, who is in Texas (Eastman Chemical).

Texas 52

Texas Chemicals Supply Chain Design Software Supply Chain Design 52

Logistics Viewpoints

MARCH 29, 2021

Run” will include using the platform for inventory optimization and to support interesting internet-of-things (IoT) and artificial intelligence (AI) projects. Refractories are products that have been chemically engineered to resist high temperatures. The sourcing centers are key to just-in-time, same-day, next-day deliveries.

Optimal Sourcing 157

Optimal Sourcing Innovation Manufacturing Procurement Supply Chain Planning Software 157

Jaggaer

MAY 12, 2020

In five to ten years, procurement in many of the world’s leading companies will be “truly digital”. They will have succeeded in transforming their procurement organizations to leverage artificial intelligence-based technologies to achieve autonomous procurement. Autonomous Procurement: The Reality versus the Hype.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Design Software Procurement Predictive Analytics Software 52

Supply Chain Shaman

SEPTEMBER 22, 2021

At the end of the presentation, I asked Allyson her perspective on open source analytics. Similarly, after the conference, I started working with a chemical company to formulate a supply chain strategy. We started the pandemic with twenty-one more days of inventory than we had in 2007. ” Her answer was telling.

Optimal Sourcing 217

Optimal Sourcing Analytics Software Procurement Analytics Supply Chain Planning Software 217

Supply Chain Shaman

JUNE 14, 2018

A slight change within a function–in sourcing or manufacturing, or along the chain–can greatly impact the outcomes of cost, customer service, or working capital. Today, over 90% of companies have deployed ERP and APS, but as shown in Table 1, inventory levels have grown not decreased in over 80% of industries studied.

Optimal Sourcing 169

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Agile and Lean Supply Chain 169

Logistics Viewpoints

APRIL 8, 2022

Chipotle Mexican Grill says its goal to source and sell chicken that’s certified as humanely raised has been delayed because its suppliers weren’t able to make the necessary changes without disrupting supply. At the same time, the number of suppliers in China that received procurement bids declined by 9 percent in 2021.

Logistics Network Optimization Software 207

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Network Software Demand Planning Software 207

SYSPRO Smarter ERP

OCTOBER 11, 2021

While this is wrong for manufacturing in general it is especially wrong for process manufacturers – companies that produce food and beverages, paints, chemicals, pharmaceuticals, and cosmetics. Inventory control. In the chemical industry, certain chemicals can be dangerous if stored or transported close to each other.

Manufacturing Procurement 119

Manufacturing Procurement Manufacturing Supply Chain Planning Software Purchasing Skills 119

Supply Chain Shaman

MAY 30, 2019

The chemical industry is the first to feel a recession, and the early travel freezes is a definite caution flag. For the CFO, end-to-end is a focus on transactional flows like order-to-cash and procure-to-pay. For example, demand planning does not flow to procurement or transportation. Current Levels of Inventory.

Inventory Reduction 197

Inventory Reduction Waste Reduction Cost Reduction Strategies Sourcing Strategies 197

ToolsGroup

APRIL 1, 2022

Such measures include communicating with suppliers and customers , using demand shaping to overcome inventory shortages, seeking additional suppliers, and building more onshore facilities. 28% of global retailers have tried to find alternative sourcing options due to supply chain issues (RetailNext, 2020). Source: Consultancy.UK.

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

Supply Chain Shaman

JUNE 23, 2020

I find in my Supply Chains to Admire research that 96% of companies (when compared to their peer groups) are unable to drive improvement while delivering higher performance year-over-year on a balanced scorecard of growth, inventory turns, operating margin and Return on Invested Capital (ROIC). The term “AI” is overused.

Supply Chain Design Software 283

Supply Chain Design Software Supply Chain Planning Software Analytics Software Optimization Software 283

Talking Logistics

MARCH 9, 2017

In a study conducted by Accenture in 2015 of chemical companies, results showed that 94 percent expect to boost their investment in digital capabilities in the next three years to embrace a competitive advantage. Historically, chemical companies buy from and sell to nearly every industry in the world, adding special demands for connectivity.

Supply Chain Network Software 105

Supply Chain Network Software Supply Chain Software Network Optimization Supply Chain Optimization 105

Supply Chain Matters

JANUARY 10, 2023

2023 Prediction Three: More Direct Control in Strategic or Tactical Multi-tiered Direct Materials Sourcing will Continue to be a Prominent Element of Business Strategy for Chief Supply Chain or Chief Procurement Officer Efforts. . In this Part Two posting, we provide highlights to Prediction Three outlined in our advisory.

Predictive Analytics Software 52

Predictive Analytics Software Resource Reduction Cost Reduction Strategies Manufacturing Procurement 52

NC State SCRC

MARCH 16, 2023

In the 1970’s our company was facing over $400M of economic exposure impacting transportation costs, resins, chemical feedstocks , and other parts. This discovery does not necessarily lead to immediate recognition for procurement’s authority over sourcing decisions.

Supply Chain Design Software 52

Supply Chain Design Software Analysis Supply Chain Planning Software Supply Chain Software 52

Supply Chain Game Changer

NOVEMBER 5, 2019

Indirect Procurement – It’s Time to Rise and Shine! High spend and highly visible Procurement categories like raw materials, I/T, capital equipment, travel, facilities, large services contracts and more often merit dedicated Commodity Management resource. Subscribe Here! Email Address. Need I say more?

Manufacturing Procurement 51

Manufacturing Procurement Procurement Analytics Procurement Solutions Eliminating Excel in Purchasing 51

Talking Logistics

JANUARY 8, 2018

The reality is that supply chain management is not just about managing orders and transportation and inventory — it’s about doing all those things while also navigating through the many risks that could disrupt your supply chain or bring it to a halt. What are some of the biggest supply chain risks companies face today? At what cost?

Supply Chain 103

Supply Chain Logistics Network Optimization Software Real-time Visibility Sourcing Strategies 103

OptiProERP

JANUARY 7, 2020

If I had to run a company on three measures, those measures would be customer satisfaction, employee satisfaction, and cash flow. – Jack Welch, Former General Electric CEO, author and chemical engineer. Eliminate the need for manual production scheduling and reduce overhead expenses with a just-in-time inventory strategy.

Real-time Visibility 86

Real-time Visibility Manufacturing Procurement Material Savings Inventory Reduction 86

QAD

JUNE 23, 2022

In our introductory episode of the podcast, we shared our views about supply chain management issues and how getting supply chain right can generate revenue, but only when the foundational processes of material movement, sourcing, physical logistics and materials management are fully funded and optimized. .

Manufacturing Procurement 75

Manufacturing Procurement Supply Chain Software Agile and Lean Supply Chain Supply Chain Optimization 75

Supply Chain Game Changer

JUNE 16, 2020

What is we had a chemical explosion? A predominant issue is having single, or sole, sourced parts. If the supplier provides materials that can be sourced elsewhere then you have a path to developing a contingency plan. And Supply Chain manages the levels of inventory which can dramatically impact the deployment of cash.

Supply Chain Risk Management 57

Supply Chain Risk Management Risk Management Supply Chain Planning Software Supply Chain Design Software 57

Precoro

FEBRUARY 27, 2023

After all, a clear picture of the company's procurement process is necessary to develop a sustainable future strategy and to avoid pitfalls that hold your business back. Spend analysis involves spend visibility , spending review , and procurement process improvement. The answer is simple: spend analysis.

Analysis 52

Analysis Purchasing Skills Optimal Sourcing Procurement Analytics 52

USC Consulting Group

JANUARY 10, 2022

We work with a wide range of industries, including chemical processing, forestry products, food & beverage, life sciences, mining & metals, oil & gas, transportation & logistics, private equity, and yes, manufacturing. It’s a useful process, but we’ve found it’s missing a critical area: Inventory.

Optimal Sourcing 40

Optimal Sourcing Sourcing Strategies Manufacturing Procurement Inventory Reduction 40

OptiProERP

JANUARY 7, 2020

If I had to run a company on three measures, those measures would be customer satisfaction, employee satisfaction, and cash flow. – Jack Welch, Former General Electric CEO, author and chemical engineer. Eliminate the need for manual production scheduling and reduce overhead expenses with a just-in-time inventory strategy.

Real-time Visibility 72

Real-time Visibility Optimal Sourcing Manufacturing Procurement Material Savings 72

Supply Chain Matters

DECEMBER 13, 2022

By Q4, major European manufacturers were exploring alternative sources to produce energy-intensive products such as chemicals and fertilizers, with the U.S. The consumer goods demand that was experienced in 2021 clearly shifted by the mid-year mark and has presented continuing inventory challenges for retailers and businesses.

Manufacturing Procurement 52

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

Supply Chain View from the Field

AUGUST 11, 2015

I have been having a number of fascinating interviews with Chief Procurement Officers this past week on the subject of procurement analytics and supply management risk. But when companies do further analytics on excessive inventory, they eventually realize that about 80% of it is non-critical.

Purchasing Skills 60

Purchasing Skills Manufacturing Procurement Cost Reduction Strategies Sourcing Strategies 60

ThroughPut

FEBRUARY 1, 2023

Even at some of the world’s best supply chains, redirecting chemicals and other products is a Herculean effort. This is why supply chain managers are always stressing over demand forecasts — something that tops the list of most critical inventory and warehouse management practices. u can’t just turn around a giant cargo ship.

Material Savings 52

Material Savings Price Reduction Expense Reduction Sourcing Strategies 52

AFFLINK

JULY 13, 2016

Janitorial maintenance: cleaning chemical, hand towels, and restroom tissue. Track Your Inventory- If you don’t have analytics in place to monitor your indirect supply, you may be squandering dollars and not realize it. You also may not be as efficient as you could be without centralizing information about inventory replenishment.

Optimal Sourcing 48

Optimal Sourcing Supply Chain Optimization Optimization Software Supply Chain Software 48

Supply Chain Opz

NOVEMBER 9, 2014

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.

Waste Reduction 274

Waste Reduction Cost Reduction Strategies Supply Chain Planning Software Inventory Reduction 274

Supply Chain Shaman

MAY 14, 2013

Consumer Packaged Goods (CPG) and chemical companies are close behind, but they are having difficulty “taking the hill.” When companies look at singular metrics (labor costs or inventory), they have moved backwards. Which industry sector can we learn from?” There is no substitute for leadership.

Supply Chain Design Software 254

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Supply Chain Design 254

RFgen

AUGUST 5, 2020

Too many companies still rely on manual data collection processes for handling inventory. Tracking inventory in the warehouse, shop floor or out in the field using paper checklists, spreadsheets, data entry into the ERP, or using no system at all, is not effective. Mobile inventory software with additional functionality.

Supply Chain Design Software 82

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Network Software 82

Material Handling & Logistics

FEBRUARY 19, 2018

purchasing/procurement manager with a manufacturer of building equipment with 21-25 years of experience, living in the South Atlantic region and earning $36,00. inventory/materials manager with a food & beverage manufacturer with 26-30 years of experience, living in the Middle Atlantic region and earning $107,000. Media Image.

Survey 75

Survey Manufacturing Procurement Pharmaceutical Purchasing Skills 75

ThroughPut

DECEMBER 3, 2019

Even at some of the world’s best supply chains, redirecting chemicals and other products is a Herculean effort. This is why supply chain managers are always stressing over demand forecasts — something that tops the list of most critical inventory management practices. This isn’t to say you should avoid international sources for goods.

Material Savings 52

Material Savings Manufacturing Procurement Shipping Saudi Arabia 52