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As a supplychain executive, picture beginning your day with a cup of coffee when a news alert notifies you of newly imposed tariffs affecting your primary suppliers in China. manufacturer I know saw their import costs jump overnight, forcing a rethink of a decade-old sourcing strategy.
As companies seek to reduce transportation costs, improve routing efficiency, and respond to market volatility, TMS platforms offer the visibility and control needed to succeed. It explores standard features such as carrier selection, route optimization, freight auditing, and cost tracking.
How CPG leaders can reducecosts without hurting supplychain performance fbaker Tue, 06/03/2025 - 09:18 In the consumer packaged goods (CPG) industry, SG&A (Selling, General, and Administrative) costs have long been a go-to target for improving margins. But today’s market is anything but typical.
Trade policies are constantly evolving, forcing companies to assess how these changes impact customer demand, supply networks, fulfillment strategies, and cost to serve. Supplychains need to be more agile than ever, yet much of the advice circulating in the industry remains high-level or less than ideal.
From new pricing strategies and material substitutability to alternative suppliers and stockpiling, a new GEP-commissioned Economist Impact report reveals that enterprises are adopting a variety of approaches underpinned by data and technology.
As industries evolve and global markets expand, ethical considerations have become central to supplychain compliance. Balancing Cost-Efficiency with Ethical Sourcing and Compliance Cost-efficiency remains a primary driver for supplychainstrategies, but it must be balanced with ethical sourcing practices.
Supplychaindisruptions have become a persistent operational risk. Traditional supplychain planning, which relies on historical data and reactive adjustments, is no longer adequate for managing these challenges. Companies must react after the fact, often incurring higher costs and reduced service levels.
Keeping shipping costs under control is no small task — and unpredictable freight fuel surcharges make it even tougher. To stay ahead, you need a clear strategy for understanding and forecasting these charges. That's why a fuel surcharge strategy is crucial for shippers. With so many variations, you can't afford to guess.
Treating suppliers as essential partners in the field of direct spend management—almost like customers—can be a key component of a successful company strategy. We remind why suppliers are critical for supplychain success and what CEOs and business leaders can do to improve supplier relationships.
Direct materials sourcing is evolving, with procurement now tasked not only with cost efficiency but managing sustainability and risk management. The environment is marked by heightened demand and expectations, compounded by challenges such as rising input prices, supplychaindisruptions and geopolitical tensions.
Increasing concerns over mass supplychaindisruptions. Its a rollercoaster for logistics and supplychain leaders operating in global markets. Businesses are facing greater volatility as tariff changes wreak havoc on supplychains, operational costs, and overall profitability.
Standard sizes and categorizations play a crucial role in determining the costs associated with shipping products that meet standard criteria in fulfillment centers. The fulfillment process is further complicated by ongoing shifts in customer expectations and demands and geo-political and weather disruptions.
While the Inflation Reduction Act (IRA) offers powerful incentives to build a domestic clean energy supplychain, a concurrent strategy of imposing steep tariffs on imported components, particularly from China, is creating a policy paradox. Because the U.S. However, U.S. With the U.S.
While 87% of supplychain leaders say their organization has made significant investments to improve supplychain resiliency, 19% admit that today they are unprepared to face supplychaindisruptions due to supply shortages. “To
Research shows that as many as 70% of product launches fail due to inadequate coordination among stakeholders, including supplychain, product management, legal, marketing, and change control teams (Gartner, 2022). 🎯 Strategies for aligning cross-functional teams for seamless product launches.
Based in Aberdeen, the new entity aims to pool resources, reducecosts, and boost profitability while increasing production from 140,000 boed in 2025 to 200,000-220,000 boed within five years. billion Rosebank oilfield. billion Rosebank oilfield.
Given the many aspects of retail operations outside a business’ control—from supplychaindisruptions and labor shortages to inflation and interest rates impacting both operational costs and customer behavior—the fulfillment challenge this peak holiday season is acute.
Read on to explore key AI use cases in procurement, the challenges businesses face, strategies to overcome them, and the exciting opportunities AI brings for the future. What sets AI apart is its ability to factor in external influences, like market shifts, supplychaindisruptions, or geopolitical risks.
We’ve laid out six common causes of such SupplyChaindisruptions along with potential solutions for each one, giving you the means to put your own contingencies in place. Natural Disasters Natural disasters can wreak havoc on your supplychain operations, causing severe disruptions.
A customer case story presented showed significant speed improvements in identifying process issues and reductions in employee time spent on this task, potentially leading to substantial annual savings through improved early payment discounts. The strategy strongly focused on enabling customer success and accelerating innovation.
tariffs, ongoing geopolitical tensions, and looming changes to the de minimis threshold for low-value imports from China are keeping global supplychains on unstable ground. Just when shippers catch a break, the landscape shifts again, forcing procurement teams to adjust strategies in real time. tariffs are reshaping freight.
vehicle imports remains in place, though discussions on reducing it are ongoing. Steel and Aluminum The agreement eliminates the 25% tariffs previously applied to UK steel and aluminum exports to the U.S. ethanol exports to the UK have been eliminated. Exports beyond this threshold will be subject to a 27.5% Tariffs on U.S.
But businesses that get inventory optimization right can boost service levels by 3-5% while reducing overall inventory by 15-30%. Doesnt reducing inventory hurt service levels? This allows companies to achieve higher service levels for critical products while reducing excess inventory for slow-moving items. Wait, what?
Why should companies align their business strategy with product lifecycle management (PLM)? Aligning PLM with your business strategy offers numerous benefits—from innovating next-generation products to faster time to market, to synchronizing with global environmental initiatives.
Your Aftermarket SupplyChain is More Complex Than You Think: Stop Guessing, Start Optimizing Lets be honest: managing spare parts inventory requires specialized strategies unlike any other inventory management process. Reduced spare parts inventory by 30% while maintaining optimal availability. The outcome?
SupplyChain Management – SCM – The Coordinated Process of Producing and Delivering Goods and Services from Suppliers to Consumers – Conceptual Illustration In todays rapidly evolving global marketplace, supplychaindisruptions have become a regular occurrence.
Beyond addressing labor shortages and operational costs, these technologies represent a strategic revolution in productivity, speed, and precision. An emerging trend is also the integration of edge computing with robotics, enabling real-time decision-making and reducing latency in automated systems.
Higher costs, trade disruptions, and evolving consumer behaviors make maintaining stable supplychains increasingly difficult, underscoring the critical role of strategic safety stock management in maintaining operational resilience.
Businesses have shifted from supply-focused approaches to demand-driven models, yet many still struggle to balance accuracy with agility. Traditional forecasting methods often fail under high variability, leading to excess costs, stockouts, and obsolescence. What is Demand Forecasting in SupplyChain Management?
Businesses have shifted from supply-focused approaches to demand-driven models, yet many still struggle to balance accuracy with agility. Traditional forecasting methods often fail under high variability, leading to excess costs, stockouts, and obsolescence. What is Demand Forecasting in SupplyChain Management?
The Resilient SupplyChain! Passing Fad or Long Term Strategy? Supplychains are believed to be the backbone of your business operations. They’re fragile ecosystems that can lead to severe losses when a disruption occurs. Supplychaindisruptions are unpredictable but can be controlled.
Below, we’ll explore what TEI entails, the key findings of the Ivalua TEI report, and how Ivalua drives value through improved Procurement and accounts payable efficiency, supplier management improvements, and costreduction. Reductions in operational overhead and improved supplier engagement. What is Total Economic Impact?
Balancing increased demand with consistent quality and controlled costs is difficult but essential for manufacturers looking to expand. Understanding Scaling Manufacturing The manufacturing business relies on scalability to increase production output efficiently without a proportional increase in costs.
For the past few years, the news has been filled with stories about supplychaindisruptions, supplychain fragility, and the need for supplychain resilience. A term once prominent in supply discussions optimization isn’t heard quite as often as it used to be.
You’ll learn how to leverage data to streamline operations, reducecosts, improve efficiency, and exceed customer expectations. Understanding Modern SupplyChain Optimization Modern supplychain optimization blends data analytics with day-to-day operations to create agile, efficient networks.
Why Your Procurement Strategy is More Critical Now Than Ever Before In an era of global supplychaindisruptions, a robust procurement strategy is no longer optionalits essential. The right procurement strategy ensures that organizations: Mitigate risks before they escalate.
This team controls what’s bought, from where, and at what cost for the entire organization. These benefits aren’t just about lower prices; they’re also about reducing transportation and inventory costs, which can really add up over time. They also continuously track supplier performance.
Direct and indirect procurement are two fundamental approaches in supplychain management, each serving distinct functions within an organization. Both focus on improving efficiency and reducingcosts but differ in their strategic approach and impact on the core business operations.
Five years ago, we all thought the COVID-19 pandemic resulted in the most disruptedsupplychain landscape we would ever see. Since then, supplychaindisruptions and volatility have only increased. We were wrong. They are also limited by their supplier, carrier, and trading partner networks.
Rising costs, supplychain chaos, and economic swings put businesses under enormous pressure to protect their margins. According to McKinsey & Company, procurement accounts for 50% to 80% of a company’s cost base. That’s why organizations zero in on strategies to achieve procurement costreduction.
Is your business facing rapid growth, supplychaindisruptions and/or unpredictable customer demand? If so, optimizing your inventory management strategy can be a game-changer. In short, blind shipping helps streamline your supplychain, making it easier to manage both excess and low stock levels.
In recent years, global manufacturing and supplychain operations have undergone a significant shift. To achieve greater product differentiation and reduce expenses, companies are outsourcing design and development work to contract manufacturers (CMs) and other domain experts. Moreover, U.S.
Consider this your business suddenly faces a major supplychaindisruption. But the truth is, a fragile supplychain can make or break your companys success in today’s world. A resilient and agile supplychain isnt just a competitive advantage; its a survival tool in the face of unpredictable challenges.
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