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I laugh when business leaders tell me that they are going to replace their current supplychain planning technologies with “AI.” Each supplychain planning technology at the end of 2024, went through disruption–change in CEO, business model shift, layoffs, re-platforming and acquisitions. You are right.
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. Companies leaning heavily on global sourcing? Theyre feeling the heat most, as sudden trade policy curveballs throw procurement plans into chaos.
” At that time, the sales organization used more point-of-sale data than their competitors, they had an impressive and innovative IT team, and their supplychain processes were what I considered best-in-class. were down 7 percent in constant currency. As a result, 80% of the data surrounding the supplychain is never used.
In the constantly changing landscape of supplychain challenges, tariffs consistently pose a significant concern for leadership. Conversely, disruptions are also evident; for instance, another company, which manufactures large machines for constructing concrete curbs, highway barriers and sidewalks, faces logistical challenges.
Going back to the Industrial Internet of things (IIoT), the use of Internet-connected technology increases risk in manufacturing. billion in 2018 alone, reports Michael Kotelec of Manufacturing.net , and this will bring a strong, robust boost to efficiency and productivity in manufacturing. However, the risk is well worth it.
Since January, Canadians’ weekly grocery trips have become a real-time indicator for the potential impacts of tariffs as shoppers have responded to threats with a showcase of buying power, prioritizing nationally sourced and manufactured products even before a single tariff was enacted.
The Single Point of Failure in SupplyChain – Semiconductor Fabrication! However, the landscape has been somewhat marred by recent supplychain disruptions, which have significantly hindered the prompt delivery of innovative slot machines to these vibrant hubs. Even the manufacturing process is affected.
The Age of Agility: Building Resilience in the SupplyChain. Feature Article by Anthony Beavis, Managing Director APAC at Körber SupplyChain. Border controls, China’s zero-covid policy and global shipping costs and energy prices is putting increasing pressure on supplychains throughout the Asia Pacific region.
by John Westerveld Reason #5: Not having a supplychain risk management process. Over the years, working for and with numerous manufacturing companies, I’ve seen many supplychain practices that cost companies money. Reason #3 Not having end-to-end supplychain visibility.
If you’ve ever tried to buy a new car during the chip shortage or waited months for furniture delivery, you’ve experienced firsthand what happens when supplychains break down. Just ask any manufacturer who’s had to halt production because a single critical component wasn’t available.
Amongst the issues faced by both businesses and consumers in 2021, supplychain shortages – and the resulting challenges – held strong in the headlines throughout the year. Five Lessons Learned Overcoming 2021’s SupplyChain Challenges. Five Lessons Learned Overcoming 2021’s SupplyChain Challenges.
While tariffs are intended to protect domestic industries and generate revenue for governments, they also present significant challenges for companies that rely on international supplychains. This article explores the impact of global tariffs on your supplychain and offers strategies for minimizing their effects.
A few years ago, a news report came out of China stating that they were going to put an end to pegging the renminbi (China’s domestic currency) against the U.S. This was a long awaited announcement that completely shocked the global currency markets sparking massive trades out of the U.S. dollar into Asian currencies.
In today’s volatile global trade landscape, enterprises face ongoing pressure to optimize their supplychain operations. There are many ways an organization can cut supplychain costs. Mastering Direct Spend Management Procurement teams generally do not report to the chief supplychain officer.
One of the clearest lessons learned during the pandemic was the importance of domestic manufacturing. As global supplychains snarled and essential products became hard to find, many domestic manufacturers pivoted to make up shortages. The importance of manufacturing has often been overlooked as the U.S.
Last week in the middle of a presentation, a supplychain leader made the statement, “We have solved the issues in supply through better optimization and use of data. Many supplychain leaders are so convinced they know the answers that they have stopped listening and learning. The issue is demand.
I recently hosted a webinar in which our star speaker was Lora Cecere, Founder at SupplyChain Insight. Supplychain management typically does not fit very well with procurement, which is a challenge at the best of times, and can be a disaster in difficult times. As late as the 1990s, supplychains were very local.
Now’s the time for businesses to look back at the strain that rising inflation put on their supplychains and inventory management. Protecting your bottom line starts with a better understanding of the ways inflation affects supplychain management. As prices continued to rise, purchasing power plummeted.
With the global market expansion and deepening supplychain complexity, the roles of procurement leaders have evolved from tactical to strategic. Nowadays, procurement departments not only focus on the day-to-day buying operations but also search for the most efficient ways to go about them. How often do purchases happen?
If you’re a supplychain or logistics executive and you’re looking for ways to improve as a leader this year, here are my five recommendations: 1. Supplychain management is risky business — and the risks are growing every day. whenever you’re discussing supplychain strategy or decisions. more often.
As explained by Digital Commerce 360 , the rate of identity theft is on the rise; fraud and counterfeit products are increasingly threatening to undermine legitimate e-commerce supplychains. Demand for e-commerce and faster order fulfillment will result in more shippers moving storage and manufacturing closer to consumers.
A perfect storm of currency debasement, higher taxes, and declining purchasing power is driving manufacturers to focus on overall spend, cost-cutting, and the need to optimize cash conversion.
The new issue for the global supplychain comes amid a rise in global demand, with shipments up 13% year-over-year in June. Air freight supply has increased, but only by 3% year-on-year, already causing higher costs for shippers due to the limited capacity. And now on to this week’s logistics news.
While omnichannel retailing is in the spotlight these days, lurking in the shadows is another big challenge and opportunity many retailers (and manufacturers looking to sell direct to consumers) have been struggling with for years: cross-border e-commerce. Source: Pitney Bowes (click to enlarge). Source: Amazon.com (click to enlarge).
Subscribe to SupplyChain Game Changer. Manufacturing SMBs article and permission to publish here provided by Alina Akk. Raw material inventory management represents a vital stage in the successful supervision of any manufacturing company’s supplychain. Subscribe Here! Email Address. Get Our EBOOK HERE.
This is typically when I order a tequila in frustration and my mind goes into overdrive asking the basic question: What are the risks in their supplychain? . Is it possible these things have impacted the sourcing, manufacturing, and delivery of my cologne? Is the foreign country’s currency stable?
To ensure long-term growth and protect customer loyalty, businesses need to strive for the automation of supplychain planning. Revealing the True Potential of Supply Optimization. They can automatically evaluate and compare multiple supply alternatives through simulations and perform various business scenario analyses.
After the SupplyChain Insights Global Summit , I took the time to recharge and took a month off from writing. The presentations from the Summit are posted now on the SupplyChain Insights You Tube Channel. The focus is on the role of supplychain finance in driving supplychain excellence.
The impact of e-commerce and the consumer digital path to purchase has been significant. Steve Osburn ( @skosbu ), Managing Director at Kurt Salmon — a part of Accenture Strategy specializing in SupplyChain, observes, “E-commerce customers in the U.S. The impact of e-commerce on supplychains. ”[2].
In last week’s blog , I began discussing telltale signs that you have entered the new age of strategic sourcing. Leading manufacturers have proven that best-in-class strategic sourcing can create measurable and sustainable shareholder value by contributing to top line growth and bottom line profitability. alternatives.
I’ve had the good fortune to be presented with opportunities for compelling discussions with a significant group of leading thinkers, senior executives in procurement, logistics, and technology management over this past year. Here is what I expect to see next year: Global supplychain footprints will continue to expand.
Subscribe to SupplyChain Game Changer. 10 Vital SupplyChain Lessons from the Coronavirus Pandemic! Companies rely on supplychain management to reduce costs and increase their production cycle. These developments, combined with the US-China trade war, found the supplychains experiencing unique hurdles.
There is a lot of buzz about the “autonomous” supplychain these days. The subject came up at a conference I attended where the theme was the supplychain of 2030. The Driverless Car Analogy From CBC News [link] I’ve heard the driverless vehicle used as an analogy for the autonomous supplychain.
Honestly, fixed asset management and the related accounting is a rather dry subject – unless you are a CEO, CFO, COO, VP of Finance, VP of Manufacturing or Fixed Asset Manager at a manufacturing company. Fixed Assets and Accounting: Much More than a ‘Nice to Have’. Fixed Assets and the CFO.
Niul Burton wrote a great article in Industry Week titled “Procurement 2025: 10 Challenges that Will Transform Global Sourcing”. For those of you who are executives in SupplyChain, Procurement or New Product Introduction/Development, this is a must read. Integration.
As organizations seek to boost business responsiveness and flexibility to address disruption, this latest release progresses our customers’ ability to advance the business intelligence, innovation and business agility required by today’s manufacturers. Digital Manufacturing. QAD Adaptive ERP 2021.1 Highlights.
Introduction The accurate analysis and calculation of total landed costs is imperative for organizations with global supplychain operations. For example, it is common to incentivize procurement organizations to lower a product’s purchase price variance.
In this blog, explore vital tips paving the way for a prosperous career in supplychain management. Whether you’re a recent graduate or contemplating a career change, uncover key insights for establishing the groundwork of a thriving career in the dynamic world of supplychain. Lucky for you.
Globalisation means that our supplychains are more entwined and complex than ever. Disruptions in the supplychain. One of our New Zealand metalwork manufacturers who relies on overseas suppliers for their materials has seen huge supply shortages this month. Identifying potential supplychain weaknesses.
Subscribe to SupplyChain Game Changer. However the application of the Blockchain technology itself is not just limited to digital currency as the technology can be used for open collaboration for any information across almost any industry. What SupplyChain Management problem does this solve? Subscribe Here!
With this release, QAD strengthens our cloud ERP offering to deliver new adaptive manufacturing and supplychain capabilities, increase user productivity and boost the ability to make informed and intelligent decisions. Digital Manufacturing. Connected SupplyChain. QAD Adaptive ERP 2022.1 Highlights.
With this release, QAD has strengthened our cloud ERP offering by delivering new adaptive manufacturing and supplychain capabilities to better address tomorrow’s challenges and rapidly respond to disruption in the marketplace. Digital Manufacturing. QAD Adaptive ERP 2022 Highlights.
Almost everyone knows global supplychains have experienced challenges over the past year. When it comes to global supplychains, there are a lot more than two activities that must take place in harmony if things are going to proceed as planned. He writes, “Supplychain synchronization is key to a digital future.”[1].
The Ferrari Consulting and Research Group through its affiliate the SupplyChain Matters blog shares select individual prediction snapshots that are included in our Annual 2023 Predictions for Industry and Global SupplyChains Research Advisory publishing later this month. Background. Prediction Background.
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