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.) Build Strong Supply Chain Sourcing Development Practices. Redesign supply chain flows monthly and quarterly across make, source and deliver based on market intelligence.

Supply Chain Design Software 195

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

Supply Chain Shaman

MARCH 28, 2016

The supply chain is a complex system with finite, and non-linear relationships between supply chain metrics that drive balance sheet results. We find that companies can improve one, but not two of the metrics. Teams struggle to drive improvement in both metrics at the same time. A Look at History. Resiliency.

Pharmaceutical 195

Pharmaceutical Metrics Manufacturing Procurement Supply Chain Planning Software 195

GlobalTranz

MAY 20, 2015

The next posts in the series will break down metrics and issues to consider in SQM by industry and conclude with a case study on the application of SQM. 5 Key Metrics to Use for Scoring Supplier Quality Management (From LNS Research ). The definition of this metric is similar to the way it sounds. Cost of quality.

Procurement Analytics 120

Procurement Analytics Metrics Quality Supply Chain Planning Software 120

NC State SCRC

JULY 28, 2019

Low-cost country (LCC) sourcing is now a commonplace strategy for shrinking bottom line labor and material costs in most consumer products industries, including apparel, footwear, toys, and other manufactured products. Dow Chemical, for example, considers environmental concerns a critical feature of its policies and procedures.3

Manufacturing Procurement 40

Manufacturing Procurement Purchasing Skills Sourcing Strategies Sourcing 40

EcoVadis

MAY 31, 2018

Read on for more details about EcoVadis ratings in this interview (first published on the ING Wholesale Banking site): Rating Sustainability Performance: An Essential Business Metric. How can gaining a rating affect how companies view CSR and sustainability issues internally?

Procurement Analytics 68

Procurement Analytics Metrics Sustainability Optimal Sourcing 68

Supply Chain Shaman

FEBRUARY 23, 2017

Over the period of 2009-2015 only 88% of companies made improvement on the “Supply Chain Metrics That Matter.” (The The Supply Chain Metrics That Matter are a portfolio of metrics which correlate to higher market capitalization. This trend was characteristic of the chemical industry. Ralf’s Insights.

Agile and Lean Supply Chain 154

Agile and Lean Supply Chain Supply Chain Design Software Supply Chain Design Supply Chain Planning Software 154

Supply Chain Shaman

JULY 22, 2019

The source data for the analysis comes from Ycharts.). We selected these metrics based on correlation work with Arizona State University in 2012. The winners drove long-term value (measured by market capitalization) while outperforming on the portfolio of metrics shown in Figure 1 and driving improvement faster than their peer groups.

Supply Chain Design Software 250

Supply Chain Design Software Supply Chain Planning Software Gartner Supply Chain Software 250

SCMDOJO

FEBRUARY 29, 2024

Current State of Supplier Performance Management Nowadays, the interest in improving supplier performance management methods has increased due to the increase in global sourcing and that of the global economy in particular (Gordon Sherry R, 2008). The questions that are most often asked are: What metrics should I use?

Vendor Strategies 55

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 55

Supply Chain Shaman

MARCH 5, 2019

While there are many types of visibility (see Figure 1), the most common use case is either sourcing or transportation visibility. The focus is on functional metrics, but are unable to get to overall supply chain metrics. In this blog post, I give a framework to drive discussions. Visibility. Gaps in Enterprise Visibility.

Supply Chain Design Software 282

Supply Chain Design Software Real-time Visibility Prescriptive Analytics Software Supply Chain Planning Software 282

Resilinc

NOVEMBER 14, 2022

While some of the increase was due to growth in our customer base and the number of suppliers monitored (more factories = more potential for factory fires) the trend line was rising at a much faster clip than business metrics would account for. Inadequate vapor removal is a related factor. Supplier risk assessment.

Study 62

Study Buyer Training Japan Supply Chain Risk Management 62

Supply Chain Shaman

MARCH 21, 2022

” Corporations serve international markets, and the source of rare minerals (so critical for the evolution of the green supply chain) is primarily Asia. Others argue the demise of global sourcing; might I add caution? Companies need to be aligned to a common set of metrics in a balanced scorecard to mitigate risk.

Modeling 276

Modeling Supply Chain Planning Software Supply and Demand Supply Chain Design Software 276

Logility

JANUARY 26, 2022

Reporting will need to reveal such information as total volume of material produced, carbon emissions, water consumption and pollution, chemical usage, storage, and disposal practices, median wages, and measures for responsible company conduct embedded in policies and management systems. Add to this the U.S.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Design 130

The Logistics & Supply Chain Management Society

MAY 28, 2022

Key to this is the ability to create a more resilient supply chain through expansion and diversification of supplier base; employee training and development; stronger, more transparent key supplier relationships; carrier base expansion and diversification and increasing local sourcing and manufacturing. Utilise powerful software solutions.

Supply Chain Planning Software 269

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Innovation 269

Supply Chain Game Changer

AUGUST 21, 2022

A global chemical manufacturer recently had to replace ships that transported bulk materials to ports. This chemical manufacturer is converting its entire distribution system to containers. Thus, logistics for a retailer begins at the source of the goods and extends to their final destination – the brick-and-mortar store.

Inventory Reduction 104

Inventory Reduction Price Reduction Cost Reduction Strategies Material Savings 104

Resilinc

MAY 16, 2023

This means in order to meet the growing demand, lithium production must increase from 737,000 metric tons to more than 3 million tons by 2030 ( Washington Post ). Other sources note that there are ample lithium resources; an estimated 8 million tonnes in the world—and that lithium mining practices are becoming increasingly advanced.

Chile 62

Chile Manufacturing Procurement Australia Supply Chain Planning Software 62

Logility

JUNE 27, 2018

Swimming pool control systems that automatically adjust chemical levels based on your desired water chemistry and immediately alert you to potential issues or equipment failures. Common Data Platform: Enables visibility and performance measurement of cross-functional processes and collaboration with trading partners.

Prescriptive Analytics Software 113

Prescriptive Analytics Software Analytics Software Predictive Analytics Analytics 113

ToolsGroup

APRIL 1, 2022

28% of global retailers have tried to find alternative sourcing options due to supply chain issues (RetailNext, 2020). Source: Consultancy.UK. Image source: Fortune. Within a week of Russian troops crossing into Ukraine, the benchmark for thermal coal prices reached a record high of $446 per metric ton. Consultancy UK).

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

Logility

JUNE 28, 2018

Swimming pool control systems that automatically adjust chemical levels based on your desired water chemistry and immediately alert you to potential issues or equipment failures. Common Data Platform: Enables visibility and performance measurement of cross-functional processes and collaboration with trading partners.

Prescriptive Analytics Software 101

Prescriptive Analytics Software Analytics Software Predictive Analytics Analytics 101

Supply Chain Shaman

MAY 14, 2013

This week, at Supply Chain Insights LLC, we published our 11th report in the series titled Supply Chain Metrics That Matter. Consumer Packaged Goods (CPG) and chemical companies are close behind, but they are having difficulty “taking the hill.” Aligning metrics matters. Functional metrics in isolation degrade value.

Supply Chain Design Software 254

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

NC State SCRC

NOVEMBER 2, 2023

His first position was with Air Products and Chemicals in finance, and he quickly became bored with it. When I was there, an employee’s base pay came every 4 weeks, and it would go up based on hitting certain metrics – Net Sales and Return on Total Assets. Depending on whether you hit those parameters – your salary went up or down.

Procurement Analytics 52

Procurement Analytics Negotiating Skills Manufacturing Procurement Optimal Sourcing 52

Procurement Academy

FEBRUARY 6, 2024

Ikea sources close to half of the wood used in its products from sustainable forests, regulates the use of pesticides and chemical fertilizers amongst its suppliers and opts for suppliers that minimize water pollution through more organic farming practices.

Waste Reduction 59

Waste Reduction Sourcing Strategies Supply Chain Strategy Optimal Sourcing 59

Supply Chain Shaman

AUGUST 7, 2019

” Or alternatively, “Is there data that could be sourced to help?” In Figure 1, we show the aggregate trend of the chemical industry in an orbit chart format showing year-over-year results at the intersection of two metrics operating margin and inventory turns. As a group, we drill into root issues.

Supply Chain Design Software 250

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 250

OptiProERP

FEBRUARY 8, 2024

This process builds melted material layer by layer as the nozzle moves horizontally and the bed moves vertically, with layer adherence facilitated through temperature control or chemical bonding agents.

Sourcing Strategies 52

Sourcing Strategies Manufacturing Procurement Optimal Sourcing Supply Chain Design Software 52

Supply Chain Shaman

MAY 13, 2015

Forty years ago as a chemical engineering student, I learned the tedious craft of chemical plant design. Getting good at factory design is a merit badge of sorts for the chemical engineer. Getting good at factory design is a merit badge of sorts for the chemical engineer. In this position, we designed real-world plants.

Supply Chain Design Software 150

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Agile and Lean Supply Chain 150

SupplyShift

JUNE 23, 2021

In light of recent concerns over forced labor in cotton sourcing, many brands now want to address the issue at the most upstream source (the farm or gin), when in reality it’s the textile and spinning mills where traceability is lost. Cotton is a great example. What Is Multi-Tier? Why Is This Important?

Cost Reduction Strategies 52

Cost Reduction Strategies Supply Chain Design Software Manufacturing Procurement Material Savings 52

SupplyShift

JUNE 23, 2021

In light of recent concerns over forced labor in cotton sourcing, many brands now want to address the issue at the most upstream source (the farm or gin), when in reality it’s the textile and spinning mills where traceability is lost. Cotton is a great example. What Is Multi-Tier? Why Is This Important? Plastic usage. Fair wages.

Cost Reduction Strategies 52

Cost Reduction Strategies Supply Chain Design Software Manufacturing Procurement Material Savings 52

NC State SCRC

OCTOBER 26, 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. Gulf Coast export PVC prices were assessed at $1,900 a metric tonne for the week of Sept. as supplies tighten. However, worse was to come.

Supply Chain Disruption 52

Supply Chain Disruption Supply Chain Planning Supply Chain Texas 52

Talking Logistics

JANUARY 8, 2018

Do we have the right Service Level Agreement metrics in place? The chemical and process industries, which are very regulated, have an additional layer of risk: the movement of very hazardous materials between buyers, sellers, and logistics service providers. Is the mode of transport the most efficient to impact on-time delivery?

Supply Chain 103

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

Supply Chain Game Changer

NOVEMBER 5, 2019

As such it can, out of necessity, become a source of rogue buying behaviour and risky purchases. If you run out of a vital chemical, tool, or element used in the equipment that is a part of the production process you can stop your production line immediately. Proactive inventory management is essential.

Manufacturing Procurement 51

Manufacturing Procurement Procurement Analytics Procurement Solutions Eliminating Excel in Purchasing 51

Talking Logistics

OCTOBER 27, 2016

Supply chain network and transportation optimization can help make better sourcing and multi-stop route decisions that ultimately result in route design that balances low costs with higher service. In 2010, Walmart announced its goal to eliminate 20 million metric tons of GHG emissions from its global supply chain by the end of 2015.

Cost Reduction Strategies 100

Cost Reduction Strategies Material Savings Modeling Software Sourcing Strategies 100

Supply Chain Shaman

JANUARY 28, 2015

We then rated companies on their ability to manage and improve a portfolio of metrics: operating margin, inventory turns and Return on Invested Capital (ROIC). We are targeting much improved end-to-end planning in response to multiple demand sources. Delivery Metrics: Perfect order delivery although good to continually refine.

Supply Chain Design Software 150

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Cost Reduction Strategies 150

Supply Chain Shaman

APRIL 14, 2013

To understand supply chain excellence, Abby and I have been studying pattern recognition for industry peer groups at the intersection of the metrics in the Supply Chain Effective Frontier of growth, profitability, cycles and complexity. They will be digitally shared through Amazon, iTunes and other sources. Why do we need a new Index?

Gartner 267

Gartner S&OP Pharmaceutical Supply Chain Planning Software 267

EcoVadis

FEBRUARY 28, 2018

The complexity of the electronics supply chain leads to a variety of sustainability issues, including unfair labor practices, presence of harmful chemicals and conflict minerals. Sustainable procurement offers benefits for all parties – it delivers customers safe, ethically sourced products, and reduces overall supply chain risk.

Electronics 63

Electronics Optimal Sourcing Sustainability Resource Reduction 63

Supply Chain Insights

APRIL 9, 2013

To understand supply chain excellence, we have been studying pattern recognition for industry peer groups at the intersection of the metrics in the Supply Chain Effective Frontier of growth, profitability, cycles and complexity. They will be digitally shared through Amazon, iTunes and other sources. Why do we need a new Index?

Gartner 137

Gartner Pharmaceutical Supply Chain Planning Software Supply Chain Strategy 137

Precoro

MARCH 31, 2023

For example, Unilever, a consumer goods company, has a responsible sourcing policy that includes human rights due diligence and requires suppliers to adhere to its human rights principles. Examples of social sustainability in procurement include: Sourcing from suppliers who provide fair wages and safe working conditions.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Manufacturing Procurement Procurement Solutions 52

EcoVadis

OCTOBER 17, 2017

million metric tons this year. These countries often don’t have the infrastructure required to ethically or efficiently handle waste recycling, leading to a buildup of harmful chemicals that affect populations near dumping sites. It is estimated that e-waste will be the fastest growing waste type, reaching 48.2 Even as the new U.S.

Waste Reduction 53

Waste Reduction Manufacturing Procurement Supply Chain Software Optimal Sourcing 53

EcoVadis

MARCH 31, 2017

No matter what sector your business is in, you will source across dozens or even hundreds of purchasing categories, particularly when you consider indirect spend where many risks can be hidden. This will require a solution with the capability and scale to monitor and analyze all of these different data sources.

Procurement Solutions 56

Procurement Solutions Procurement Analytics Manufacturing Procurement Supply Chain Planning Software 56