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Sourcing and Procurement in Supply Chain Management. The terms “ sourcing” and “procurement” in supply chain management are often used interchangeably, although they are not quite the same. It refers to the entire process of sourcing and contracting with suppliers to gather all of the services and goods you need to make that final product. Sourcing is but one step in the procurement process. Sourcing and Procurement in Supply Chain Management : Finding the Right Tools. MORE
Some 48 active pharmaceutical ingredients (APIs) vital to the pharma supply chain are sourced from the central province of Hubei. View our recent webinar and learn how Italian pharmaceutical company Angelini navigated through supply chain disruption. MORE
The “reshoring” of manufacturing operations from China and elsewhere to the United States continues to make headlines. A month later, Walmart announced that it will increase its sourcing of US products by $50 billion over the next 10 years. And earlier this month, the Wall Street Journal published an article about how the toy maker K’Nex has moved most of its manufacturing operations from China to its factory in Pennsylvania. MORE
Most companies recognize this and emphasize it with guiding principles, such as “customers first” or “the customer is always right.” (At ”) Customer experience initiatives often involve people from diverse parts of a manufacturing organization. However, few manufacturers ever sit back and ask, “How can our procurement or strategic sourcing initiatives contribute to the overall customer experience?” This problem appears to be the result of sourcing choices. MORE
Healthcare supply chain GPO, Intalere, deploys an end-to-end Source to Contract solution across its purchasing functions. has gone live with Ivalua’s Source to Contract solution. Intalere is a provider-led healthcare supply chain company that empowers healthcare organizations to elevate their clinical, operational and financial performance in today’s evolving world. MORE
COVID-19 and the Future of China Sourcing and Manufacture. The disruption to global supply chains caused by Beijing’s decision to close factories and lock down cities to contain COVID-19 has jolted Western companies into rejigging their supply chains, with economists predicting that globalisation as we know it will never be the same again. But global dependence on Chinese manufacturing is mind-boggling…. Alternative Manufacturing Hubs: Asia’s Promise. MORE
For the first three months after Covid-19 hit, virtually every sourcing project , in every sector , was put on hold while companies tried to assess the situation and how best to deal with the epidemic. Sourcing was in chaos and a topic that concerned many customers was that they were pushing back transportation tenders – and especially any planned mega – bids – while they waited to see how the market would develop. Diversify Your Sourcing Needs. MORE
Are industrial manufacturers seizing all the opportunities of a more digital world? A recent article suggests that, by 2018, only 30 percent of manufacturers investing in digital transformation will be able to maximize the outcome. The speed of business is fast and companies that aren’t successful in adopting, implementing, and optimizing new technologies run the risk of being left behind. Data Manufacturing Supply Chain Technology digital transformation MORE
6 ways supply chain health checks ensure streamlined operations, mitigate risk, minimize disruption, meet customer needs and protect the bottom line. MORE
Bottom Line: The top 10 manufacturing trends reflect how manufacturers are planning to achieve their goals of revenue growth, operational improvements, digital transformation, and launching new products and services in 2019. to manufacturing value added in 2020. MORE
Healthcare supply chain GPO, Intalere, deploys an end-to-end Source to Contract solution across its purchasing functions. has gone live with Ivalua’s Source to Contract solution. Intalere is a provider-led healthcare supply chain company that empowers healthcare organizations to elevate their clinical, operational and financial performance in today’s evolving world. Healthcare Source-to-Contract MORE
It’s easy to oversimplify the differences between sourcing for parts locally or internationally. When considering where to purchase from, the prevailing idea seems to be that domestic sourcing allows for better control and shorter lead time, but international sourcing is more cost-effective. MORE
The world has changed from the oil days of machine assisted assembly lines and manufacturing processes as more robots have entered the workforce. Robotics is not just a way to help companies, but many manufacturers have recognized how robots can improve their supply chain processes, benefit the company, and drive their future success. Driving Forces Behind Robotics in Logistics in Manufacturing. Benefits of Robotics in Logistics and Manufacturing. MORE
Will the COVID-19 crisis lead more companies to manufacture and source their products and materials from the United States instead of China and other countries? Manufacturing? Manufacturing? MORE
SUMMARY: Because 4PL providers handle a company’s entire chain, including challenges that are thrown up by advances in technology, they are increasingly being favoured over third-party logistics (3PL) providers, especially by big companies with complex supply chains. MORE
There’s more involved in successfully reshoring a foreign manufacturing operation back to the U.S. So where should a company begin? Reshoring is a hot topic in manufacturing. Many companies are already doing it, and according to a recent BCG study, 54 percent of companies with over billion in revenues are now considering it. made goods to be sold in their stores, and this will drive even more companies to reshore. So where should a company begin? MORE
However, if your role is managing the movement of widgets from point A to point B, or multiple points, the freight procurement task before you can be labor intensive and time consuming — unless you use a technology solution specifically designed for transportation sourcing. Here are the top five reasons you need a transportation sourcing solution: 1. Freight sourcing is as unique and complex as the transportation industry itself. MORE
There is a developing trend that has been gaining steam in recent years that has the potential to seriously impact and “disrupt” food and beverage manufacturing. It means buying food that is sourced and/or grown within a geographical location that could be considered “local”. MORE
Lockdowns have resulted in the temporary closure of Manufacturing and Distribution facilities and discontinuation of Logistics and transportation modes. In many cases the use of single sourcing, or sole sourcing, Procurement strategies has limited the ability for Supply Chains to access alternate sources of supply and more rapidly support higher than normal demand levels. What is Single Sourcing or Sole Sourcing? procurement #purchasing #sourcing. MORE
Since its inception in the late 1980s, strategic sourcing has always been about getting the best value for the goods and services purchased from third party suppliers. Strategic sourcing requires an intense focus on the total cost of ownership, while incorporating customer needs, organizational goals, and market conditions. Done well, strategic sourcing creates measurable and sustainable shareholder value by contributing to top line growth and bottom line profitability. MORE
Editor’s Note: Microsoft’s Colin Masson, Global Industry Director of Manufacturing Solutions (that's him on the left), sat down with me to discuss how manufacturers optimize their inventories. But that’s not the only shift in manufacturing. MORE
Sourcing is a key component of your Supply Chain – perhaps the most important part. As companies are navigating an increasingly turbulent yet robust economic climate, businesses in manufacturing, mining and metals, food and beverage, and other industries are looking for ways to reduce raw material procurement spending and offset rising material costs. That’s where Strategic Sourcing comes into play. An important lever for modern organizations. MORE
This classification extends to the manufacturing facilities and personnel keeping us fed and supplied. Doing more with less is more critical in manufacturing than ever. They might even find themselves conscripted into manufacturing essential products under the Defense Production Act. MORE
To calculate total manufacturing cost you add together three different cost categories: the costs of direct materials, direct labour and manufacturing overheads. Expressed as a formula, that’s: Total manufacturing cost = Direct materials + Direct labour + Manufacturing overheads. MORE
Strategic Sourcing has been used by companies of all sizes for years. Introduction Long gone are the times when a company could rely on its own strengths and ensure its competitive advantage. In many companies, purchasing thus underwent a significant shift from being rather transactional and tactical, to a more strategic function, able to influence company growth. This commentary highlights some of the key principles to strategic sourcing. MORE
In a post-COVID-19 world, no smart company can rely solely on China for its manufacturing MORE
Doing business with suppliers located overseas or in another country can be an overwhelming and daunting task even for expert Sourcing professionals. He knew what his cost point had to be on the product which meant that he had to have the product manufactured overseas. Subscribe Here! MORE
The advancements in 3D printing and 'Additive Manufacturing,' coupled with supply chain efficiencies, could make distributed manufacturing a reality, ushering in the era of smart manufacturing. The Continual Coverage and Now Reality of Smart Manufacturing with 3D Printing. I remember reading an MIT paper on manufacturing technology trends a couple of years ago. It had a fascinating mention of " Additive Manufacturing " (AM) and how it could be a game changer. MORE
All metal fabricators realize that they have to do some analyses before the company purchases equipmen t or hires new people, but now there seems to be a new intensity about the process. Now is the Time for Manufacturing to Look at Logistics Efficiency. For a company with sales of $10,000,000, that’s a contribution to corporate profitability of $500,000 to $700,000. And we have also written a comprehensive guide to why you should outsource to a third party logistics company. MORE
Disaster preparedness is imperative everywhere, but that goes double for the manufacturing industry. That means a company’s supply chain activities, vendors and talent pipeline could very well span the globe. MORE
One of the biggest obstacles to setting and implementing strategies for responsible sourcing is accessing reliable and current data and analysis, according to The Dragonfly Initiative CEO, Assheton Carter. MORE
As part of the Supply Chain Management, an important task of the sourcing team is to identify and Onboard new suppliers regularly. Company Information – General information about the company like Name of the company, Corporate web site. MORE
Strategic National Stockpiles and Sourcing for the National Interest! The Covid19 global pandemic has cruelly exposed the utter dependence of the US and the world on China’s mass manufacturing capability and supply of critical medical equipment and materials. These Rare Earth Elements have long ago been abandoned for mining and processing here in the United States and are part of our reliance on Chinese sources of supply. sourcing #rareearthelements. Subscribe Here! MORE
Editor’s Note: Microsoft’s Colin Masson, Global Industry Director of Manufacturing Solutions (that's him on the left), sat down with me to discuss how manufacturers optimize their inventories. But that’s not the only shift in manufacturing. MORE
Google a phrase like “sourcing products from China” and you’ll instantly be faced by almost 39 million results! This underscores the importance of China being the world’s manufacturing hub in the past decade, and most likely for the next few decades. MORE
Editor's Note: This is a two part series featuring Chuck Intrieri, who along with providing excellent insights over at his industry leading The Lean Supply Chain blog, is also a consultant who works with companies for Cost Reduction, Supply Chain Optimization, Logistics, Manufacturing, and 3PL Selection. We recommend you get in touch with him if you'd like an expert to guide you to the next level in your manufacturing business. . What is Manufacturing? MORE
Talking Logistics
APRIL 13, 2020
Will the COVID-19 crisis lead more companies to manufacture and source their products and materials from the United States instead of China and other countries? Manufacturing? Manufacturing?
Supply Chain Game Changer
APRIL 28, 2020
Lockdowns have resulted in the temporary closure of Manufacturing and Distribution facilities and discontinuation of Logistics and transportation modes. In many cases the use of single sourcing, or sole sourcing, Procurement strategies has limited the ability for Supply Chains to access alternate sources of supply and more rapidly support higher than normal demand levels. What is Single Sourcing or Sole Sourcing? procurement #purchasing #sourcing.
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Talking Logistics
MARCH 27, 2013
The “reshoring” of manufacturing operations from China and elsewhere to the United States continues to make headlines. A month later, Walmart announced that it will increase its sourcing of US products by $50 billion over the next 10 years. And earlier this month, the Wall Street Journal published an article about how the toy maker K’Nex has moved most of its manufacturing operations from China to its factory in Pennsylvania.
DELMIA Quintiq
JANUARY 27, 2020
Disaster preparedness is imperative everywhere, but that goes double for the manufacturing industry. That means a company’s supply chain activities, vendors and talent pipeline could very well span the globe.
ivalua
APRIL 1, 2020
Healthcare supply chain GPO, Intalere, deploys an end-to-end Source to Contract solution across its purchasing functions. has gone live with Ivalua’s Source to Contract solution. Intalere is a provider-led healthcare supply chain company that empowers healthcare organizations to elevate their clinical, operational and financial performance in today’s evolving world. Healthcare Source-to-Contract
DELMIA Quintiq
MAY 21, 2020
This classification extends to the manufacturing facilities and personnel keeping us fed and supplied. Doing more with less is more critical in manufacturing than ever. They might even find themselves conscripted into manufacturing essential products under the Defense Production Act.
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TPSynergy
AUGUST 29, 2020
As part of the Supply Chain Management, an important task of the sourcing team is to identify and Onboard new suppliers regularly. Company Information – General information about the company like Name of the company, Corporate web site.
Jaggaer
AUGUST 12, 2020
For the first three months after Covid-19 hit, virtually every sourcing project , in every sector , was put on hold while companies tried to assess the situation and how best to deal with the epidemic. Sourcing was in chaos and a topic that concerned many customers was that they were pushing back transportation tenders – and especially any planned mega – bids – while they waited to see how the market would develop. Diversify Your Sourcing Needs.
QAD
DECEMBER 3, 2019
There is a developing trend that has been gaining steam in recent years that has the potential to seriously impact and “disrupt” food and beverage manufacturing. It means buying food that is sourced and/or grown within a geographical location that could be considered “local”.
Logistics Bureau
SEPTEMBER 28, 2020
SUMMARY: Because 4PL providers handle a company’s entire chain, including challenges that are thrown up by advances in technology, they are increasingly being favoured over third-party logistics (3PL) providers, especially by big companies with complex supply chains.
Talking Logistics
FEBRUARY 18, 2016
However, if your role is managing the movement of widgets from point A to point B, or multiple points, the freight procurement task before you can be labor intensive and time consuming — unless you use a technology solution specifically designed for transportation sourcing. Here are the top five reasons you need a transportation sourcing solution: 1. Freight sourcing is as unique and complex as the transportation industry itself.
|
Supply Chain Game Changer
JUNE 17, 2020
Strategic National Stockpiles and Sourcing for the National Interest! The Covid19 global pandemic has cruelly exposed the utter dependence of the US and the world on China’s mass manufacturing capability and supply of critical medical equipment and materials. These Rare Earth Elements have long ago been abandoned for mining and processing here in the United States and are part of our reliance on Chinese sources of supply. sourcing #rareearthelements. Subscribe Here!
Cerasis
JANUARY 19, 2015
There’s more involved in successfully reshoring a foreign manufacturing operation back to the U.S. So where should a company begin? Reshoring is a hot topic in manufacturing. Many companies are already doing it, and according to a recent BCG study, 54 percent of companies with over billion in revenues are now considering it. made goods to be sold in their stores, and this will drive even more companies to reshore. So where should a company begin?
Logistics Bureau
APRIL 20, 2020
COVID-19 and the Future of China Sourcing and Manufacture. The disruption to global supply chains caused by Beijing’s decision to close factories and lock down cities to contain COVID-19 has jolted Western companies into rejigging their supply chains, with economists predicting that globalisation as we know it will never be the same again. But global dependence on Chinese manufacturing is mind-boggling…. Alternative Manufacturing Hubs: Asia’s Promise.
Supply Chain Game Changer
NOVEMBER 20, 2018
Doing business with suppliers located overseas or in another country can be an overwhelming and daunting task even for expert Sourcing professionals. He knew what his cost point had to be on the product which meant that he had to have the product manufactured overseas. Subscribe Here!
ivalua
APRIL 1, 2020
Healthcare supply chain GPO, Intalere, deploys an end-to-end Source to Contract solution across its purchasing functions. has gone live with Ivalua’s Source to Contract solution. Intalere is a provider-led healthcare supply chain company that empowers healthcare organizations to elevate their clinical, operational and financial performance in today’s evolving world.
Unleashed
DECEMBER 15, 2019
It’s easy to oversimplify the differences between sourcing for parts locally or internationally. When considering where to purchase from, the prevailing idea seems to be that domestic sourcing allows for better control and shorter lead time, but international sourcing is more cost-effective.
EC Sourcing Group
JUNE 17, 2020
Sourcing and Procurement in Supply Chain Management. The terms “ sourcing” and “procurement” in supply chain management are often used interchangeably, although they are not quite the same. It refers to the entire process of sourcing and contracting with suppliers to gather all of the services and goods you need to make that final product. Sourcing is but one step in the procurement process. Sourcing and Procurement in Supply Chain Management : Finding the Right Tools.
Supply Chain Opz
JANUARY 19, 2015
Strategic Sourcing has been used by companies of all sizes for years. Introduction Long gone are the times when a company could rely on its own strengths and ensure its competitive advantage. In many companies, purchasing thus underwent a significant shift from being rather transactional and tactical, to a more strategic function, able to influence company growth. This commentary highlights some of the key principles to strategic sourcing.
ToolsGroup
AUGUST 28, 2018
Editor’s Note: Microsoft’s Colin Masson, Global Industry Director of Manufacturing Solutions (that's him on the left), sat down with me to discuss how manufacturers optimize their inventories. But that’s not the only shift in manufacturing.
ivalua
JULY 15, 2015
Since its inception in the late 1980s, strategic sourcing has always been about getting the best value for the goods and services purchased from third party suppliers. Strategic sourcing requires an intense focus on the total cost of ownership, while incorporating customer needs, organizational goals, and market conditions. Done well, strategic sourcing creates measurable and sustainable shareholder value by contributing to top line growth and bottom line profitability.
Jaggaer
AUGUST 18, 2020
Some 48 active pharmaceutical ingredients (APIs) vital to the pharma supply chain are sourced from the central province of Hubei. View our recent webinar and learn how Italian pharmaceutical company Angelini navigated through supply chain disruption.
Cerasis
MARCH 24, 2017
Are industrial manufacturers seizing all the opportunities of a more digital world? A recent article suggests that, by 2018, only 30 percent of manufacturers investing in digital transformation will be able to maximize the outcome. The speed of business is fast and companies that aren’t successful in adopting, implementing, and optimizing new technologies run the risk of being left behind. Data Manufacturing Supply Chain Technology digital transformation
Material Handling and Logistics
JULY 13, 2018
One of the biggest obstacles to setting and implementing strategies for responsible sourcing is accessing reliable and current data and analysis, according to The Dragonfly Initiative CEO, Assheton Carter.
ToolsGroup
AUGUST 28, 2018
Editor’s Note: Microsoft’s Colin Masson, Global Industry Director of Manufacturing Solutions (that's him on the left), sat down with me to discuss how manufacturers optimize their inventories. But that’s not the only shift in manufacturing.
Unleashed
AUGUST 31, 2020
To calculate total manufacturing cost you add together three different cost categories: the costs of direct materials, direct labour and manufacturing overheads. Expressed as a formula, that’s: Total manufacturing cost = Direct materials + Direct labour + Manufacturing overheads.
Cerasis
JANUARY 7, 2016
Editor's Note: This is a two part series featuring Chuck Intrieri, who along with providing excellent insights over at his industry leading The Lean Supply Chain blog, is also a consultant who works with companies for Cost Reduction, Supply Chain Optimization, Logistics, Manufacturing, and 3PL Selection. We recommend you get in touch with him if you'd like an expert to guide you to the next level in your manufacturing business. . What is Manufacturing?
EMERGE App
JULY 11, 2018
Google a phrase like “sourcing products from China” and you’ll instantly be faced by almost 39 million results! This underscores the importance of China being the world’s manufacturing hub in the past decade, and most likely for the next few decades.
USC Consulting Group
FEBRUARY 5, 2019
Sourcing is a key component of your Supply Chain – perhaps the most important part. As companies are navigating an increasingly turbulent yet robust economic climate, businesses in manufacturing, mining and metals, food and beverage, and other industries are looking for ways to reduce raw material procurement spending and offset rising material costs. That’s where Strategic Sourcing comes into play. An important lever for modern organizations.
IQMS
NOVEMBER 29, 2018
Bottom Line: The top 10 manufacturing trends reflect how manufacturers are planning to achieve their goals of revenue growth, operational improvements, digital transformation, and launching new products and services in 2019. to manufacturing value added in 2020.
Cerasis
JULY 6, 2015
The world has changed from the oil days of machine assisted assembly lines and manufacturing processes as more robots have entered the workforce. Robotics is not just a way to help companies, but many manufacturers have recognized how robots can improve their supply chain processes, benefit the company, and drive their future success. Driving Forces Behind Robotics in Logistics in Manufacturing. Benefits of Robotics in Logistics and Manufacturing.
Cerasis
OCTOBER 9, 2015
The advancements in 3D printing and 'Additive Manufacturing,' coupled with supply chain efficiencies, could make distributed manufacturing a reality, ushering in the era of smart manufacturing. The Continual Coverage and Now Reality of Smart Manufacturing with 3D Printing. I remember reading an MIT paper on manufacturing technology trends a couple of years ago. It had a fascinating mention of " Additive Manufacturing " (AM) and how it could be a game changer.
Cerasis
DECEMBER 18, 2014
All metal fabricators realize that they have to do some analyses before the company purchases equipmen t or hires new people, but now there seems to be a new intensity about the process. Now is the Time for Manufacturing to Look at Logistics Efficiency. For a company with sales of $10,000,000, that’s a contribution to corporate profitability of $500,000 to $700,000. And we have also written a comprehensive guide to why you should outsource to a third party logistics company.
Gravity Supply Chain
APRIL 14, 2020
6 ways supply chain health checks ensure streamlined operations, mitigate risk, minimize disruption, meet customer needs and protect the bottom line.
ivalua
NOVEMBER 25, 2015
Most companies recognize this and emphasize it with guiding principles, such as “customers first” or “the customer is always right.” (At ”) Customer experience initiatives often involve people from diverse parts of a manufacturing organization. However, few manufacturers ever sit back and ask, “How can our procurement or strategic sourcing initiatives contribute to the overall customer experience?” This problem appears to be the result of sourcing choices.
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