article thumbnail

Coronavirus Highlights Fragility of Global Supply Networks

Jaggaer

Since the outbreak of SARS in 2003, the last major epidemic to hit China, the country has become even more important as a source of key components and materials as well as finished consumer goods. Other manufacturing hubs in China, particularly in Hubei province, have also been badly hit by the coronavirus outbreak. .

article thumbnail

Supply Chain Predictions 2020: Uncertainty Demands Resilience

ToolsGroup

They drive benefits such as improved business planning and improved sourcing, procurement and supplier management. However, with blockchain companies can validate the provenance of raw material in the food, medicine or consumer goods supply chain. Spotlight on 3-D printing dims.

Modeling 156
Insiders

Sign Up for our Newsletter

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

article thumbnail

Why An Holistic Approach to Suppliers? Your Questions Answered

Jaggaer

Last week, Director of Product Management Georg Rösch hosted a webinar that asked the question, “Why is it important to take a holistic approach to supplier management?” Does this trend only apply to manufacturing, or do you see the same thing playing out in spend on services like IT, maintenance, and security?

article thumbnail

ERP vs MRP: Key Differences and Features

QAD

Managing the shop floor, inventory, operations and scheduling are some of the keys to ensuring a manufacturing business runs smoothly. As manufacturing and supply chains scale to meet larger global needs, real-time data and software systems allow manufacturers to automate processes and make smart data-driven decisions.

article thumbnail

What Should Supply Chain Management Teams Anticipate in 2023 and Beyond- Part One

Supply Chain Matters

By Q4, major European manufacturers were exploring alternative sources to produce energy-intensive products such as chemicals and fertilizers, with the U.S. In April, economists at Goldman Sachs indicated that supply chain resilience had become a top-of-mind topic for manufacturers and retailers. seen as a likely alternative.

article thumbnail

Why Companies Need a Supplier Relationship Management Strategy

GlobalTranz

As stated by Michel Shaughnessy, Vice President of Integrated Supply Chain for the company “In order to reach a level of earned preferential treatment, Raytheon has to build stronger bonds and greater trust into supplier relationships.” . Manage working capital. To establish and maintain leadership, organizations must innovate.

article thumbnail

ERP vs CRM: Key Differences and Benefits

QAD

Manufacturers and suppliers today are challenged constantly to become more accurate, efficient, and profitable to survive the constant change and disruption in the world around them. A variety of industries can benefit from manufacturing ERP software , including: Industrial Equipment and Components. Retail and Consumer Goods.