Supply Chain Shaman

FEBRUARY 1, 2024

Definitions Before we move to the discussion of the actions to take, let’s get clear on some definitions. Contract Manufacturing Signal Latency. In my last blog post, I shared insights on data synchronization between brand owners and contract manufacturing. days to receive a purchase order confirmation.

Optimal Sourcing 317

Optimal Sourcing Supply Chain Planning Software Manufacturing Procurement Waste Reduction 317

SCMDOJO

DECEMBER 14, 2023

To make things simpler, having a clear lead time definition helps in making sure orders are fulfilled on time and customers are satisfied. With this in mind, we will explore in this blog the definition of Lead Time, its impact, and how mastering it can be your competitive advantage. Each type of lead time can impact the global process.

Inventory Reduction 80

Inventory Reduction Vendor Strategies Waste Reduction Cost Reduction Strategies 80

Supply Chain Shaman

NOVEMBER 15, 2023

When deploying enterprise decision support applications, there are many implementations and lots of hype but few clear and consistent definitions. PWC’s Digital Trends in Supply Chain Survey reports that 83% of manufacturers say that supply chain technologies have not delivered the expected results. What do they have in common?

Supply Chain Planning Software 375

Supply Chain Planning Software Optimal Sourcing Modeling Forecasting Software 375

Unleashed

FEBRUARY 14, 2024

Finished goods inventory are products that have been through the manufacturing process and are now ready for sale. Managing finished goods and tracking the costs associated with each of them are essential aspects of manufacturing accounting and stock control.

Inventory Reduction 52

Inventory Reduction Inventory Manufacturing Procurement Inventory Management Software 52

Supply Chain Shaman

MARCH 5, 2019

What is an easy definition? There is no class of technologies, or common definition, for “control towers.” While there are many types of visibility (see Figure 1), the most common use case is either sourcing or transportation visibility. As we waited for coffee, silence hung heavy in the air. Visibility. 2) Latency. Master data.

Supply Chain Design Software 272

Supply Chain Design Software Real-time Visibility Prescriptive Analytics Software Supply Chain Planning Software 272

Supply Chain Shaman

JUNE 9, 2023

Each box has an optimizer that drives output from a model based on a functional definition using enterprise data. The current taxonomy (or frame/models) for the engines does not address the issues of the global multinational manufacturing company. MRP Alone Is Not Sufficient for Procurement. Here are a few of the gaps.

Optimal Sourcing 286

Optimal Sourcing Supply Chain Planning Software Supply and Demand Supply Chain Design Software 286

QAD

MARCH 30, 2023

Manufacturers may not think they have much in common with the retail companies beyond producing the products that stock store shelves, but there could be a lot to learn from the latter as the manufacturing headwinds of the last few years carry into 2023. Walmart Has Embraced RFID Technology – Should You?

Manufacturing Procurement 92

Manufacturing Procurement Inventory Management Software Supply Chain Planning Software Supply Chain Software 92

ModusLink Corporation

OCTOBER 27, 2021

Synergy is a core element present in many successful manufacturing strategies. Synergy is the fundamental pillar on which a strong manufacturing strategy is standing (Comparative European Research, 2016). Manufacturing strategies refer to ways in which companies decide to manufacture and produce the products their selling.

Waste Reduction 78

Waste Reduction Inventory Reduction Cost Reduction Strategies Material Savings 78

SCMDOJO

JULY 3, 2023

In today’s fast-paced and competitive business landscape, organizations across industries are realizing the immense value of effective procurement practices. Procurement professionals play a vital role in driving operational efficiency, cost savings, and strategic decision-making. But how do you get started? Do not worry!

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Purchasing Training Negotiating Skills Buyer Training Manufacturing Procurement 83

Supply Chain Shaman

APRIL 18, 2023

Challenges Traditional definitions of supply chain excellence focus myopically on cost but are too slow in making decisions in inflationary periods. In the face of variability, this is two-to-six weeks too long to make allocation or procurement decisions. Build in-market sourcing. Shift in cycles.

Supply Chain Planning Software 362

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 362

Logistics Viewpoints

AUGUST 15, 2022

GEP and the North Carolina State University (NCSU) Supply Chain Resource Cooperative surveyed supply chain, procurement and IT professionals across a range of industries to gain insight into their priorities and strategies regarding supply chain resilience and optimization. Procurement solutions are often updated with purchased information.

Supply Chain Network Software 218

Supply Chain Network Software Manufacturing Procurement Procurement Analytics Optimal Sourcing 218

Unleashed

NOVEMBER 10, 2021

UK electronics manufacturers have seen a sales revenue lift of 30% in 2021 vs 2020, outpacing the average performance of manufacturers of 24%, according to data from a soon-to-be released Unleashed State of Manufacturing report. The report analyses over 79,000 data points from UK manufacturers that use Unleashed software.

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Manufacturing Procurement Electronics Manufacturing Inventory Management Software 98

Unleashed

AUGUST 20, 2023

If a manufacturer has to wait an extra day for raw materials to arrive, they might lose a customer. In manufacturing, for example, lead time refers to the amount of time it takes for a product to move through the entire production process , from when the initial order or request was made to the final delivery.

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Manufacturing Procurement Inventory Reduction Sourcing Strategies Procurement Analytics 52

Supply Chain Shaman

APRIL 9, 2021

of revenue on information technology (IT), only six percent of manufacturers drove performance at the intersection of growth and margin. Average performance in 2016-2019 across twenty-seven manufacturing sectors on inventory turns, Return on Invested Capital and operating margin was worse than in 2012-2015. Despite spending 1.1%

Supply Chain Planning Software 349

Supply Chain Planning Software Procurement Analytics Supply Chain Performance Manufacturing Procurement 349

ivalua

MAY 11, 2021

Risk management, cost reduction and digital transformation — these are the three top priorities for procurement organisations in the Middle East today, according to a global survey conducted by Ivalua’s global partner PwC. According to Dr. El-Jawahari, procurement’s priorities have shifted in the Middle East since the pandemic’s onset.

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Optimal Sourcing Manufacturing Procurement Procurement Solutions Procurement Analytics 130

Supply Chain Shaman

JUNE 30, 2023

Each executive has a different perspective on the definition of supply chain excellence, but they are never discussed and aligned. His organization purchased an advanced planning technology from well-known best of breed provider, and the implementation should have been successful, but it was not. Let me explain.

Supply Chain Planning Software 299

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Arena Solutions

MARCH 21, 2023

Getting your business future-ready Manufacturers and businesses are currently adopting new business models, implementing waste-reduction programs, designing greener products, and applying lean manufacturing principles (value, value stream, flow, pull, perfection).

Manufacturing Procurement 80

Manufacturing Procurement Waste Reduction Resource Reduction Material Savings 80

Supply Chain Shaman

SEPTEMBER 27, 2021

Too few companies have a holistic approach to embrace the plan, make, source, and deliver together. The problem with supplier visibility is bookended into procurement processes that have gone back, not forward over the last decade. Current State of Visibility. What To Do? Your wallet has a social security or a passport number.

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Supply Chain Planning Software Sourcing Strategies Manufacturing Procurement Supply Chain Design Software 309

Supply Chain Shaman

MARCH 21, 2024

During the 1980s, I was on a management team for a large manufacturer. The Company was attempting to gain economies of scale by grouping manufacturing technologies within a common infrastructure to reap the benefits of a co-generation facility, a centralized warehouse, and a talented administrative team. Clarity on mission.

Inventory Reduction 376

Inventory Reduction Supply Chain Planning Software Cost Reduction Strategies Supply Chain Design Software 376

GlobalTranz

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. What is Manufacturing?

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Manufacturing Procurement Manufacturing Eliminating Excel in Purchasing Purchasing Skills 120

SYSPRO Smarter ERP

NOVEMBER 3, 2021

Manufacturers and distributors experienced huge supply chain disruptions due to the pandemic which exposed many vulnerabilities and tested the resilience of supply chain leaders globally. Manufacturing KPIs. In fact, SYSPRO research revealed that 60% of businesses were impacted by supply chain disruptions during the pandemic.

Manufacturing Procurement 105

Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain 105

Supply Chain Shaman

JULY 23, 2023

The order latency is the time from purchase by the end consumer to the visibility of the order. For example, when a product at retail is purchased, the shelf is replenished from backroom stock. I worked with an allergen manufacturer that had a seasonal product with order latency of 182 days. There is no definitive answer.

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Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 317

Supply Chain Shaman

MAY 26, 2023

Primed for transactional efficiency, these legacy architectures based on relational databases drive order-to-cash and procure-to-pay efficiencies. Or a unified data model across source, make, and deliver for planning? Let’s start with a basic definition. I term this our data jail. Why are semantics important? Stay tuned.

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Optimal Sourcing Modeling Supply and Demand Manufacturing Procurement 324

Unleashed

MAY 7, 2023

With the right systems in place, manufacturing inventory management can help to reduce production and ensure all operational processes are carried out effectively and efficiently. In this guide, we cover the types of manufacturing inventory, the costs, and a few handy strategies for managing it effectively.

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OptiProERP

SEPTEMBER 22, 2022

Saving on operational costs is one of the biggest goals for manufacturing companies. Most manufacturers look to streamline systems, reduce production costs, and increase profitability without sacrificing product quality. Most manufacturers focus on reducing costs but overlook the benefits of identifying the causes of the quality costs.

Cost Reduction Strategies 52

Cost Reduction Strategies Waste Reduction Expense Reduction Vendor Strategies 52

QAD

FEBRUARY 9, 2022

Remaining competitive is a top priority for any manufacturing operation. One such trend in the manufacturing industry is the use of lean manufacturing principles that help companies clean up inefficiencies and work smarter. Learn more about what lean manufacturing is and the five principles helping manufacturers get ahead.

Manufacturing Procurement 52

Manufacturing Procurement Agile and Lean Supply Chain Lean Manufacturing 52

Supply Chain Shaman

NOVEMBER 11, 2020

Globally ten percent of jobs are in manufacturing, while 37% are associated with supply chain management. The discipline, first defined in 1982, includes source, make, deliver, and planning functions. This is true even though we are not clear on the definition of next-generation processes. Kinaxis Purchase of Rubikloud.

Supply Chain Design Software 284

Supply Chain Design Software Procurement Solutions Manufacturing Procurement Supply Chain Planning Software 284

Supply Chain Shaman

FEBRUARY 16, 2024

Let’s Start With Clear Definitions My inbox is full. The market is flooded with references to AI, but few stop to give a definition. To combat the hype cycle to drive value, I think that we need to get clear on use cases and definitions. Before reading this post, consider reading my prior blog post, Don’t AI This.

Supply Chain Planning Software 362

Supply Chain Planning Software Supply Chain Design Software Modeling Supply and Demand 362

Supply Chain Game Changer

NOVEMBER 13, 2018

Yet all of the functions that we now associate with Supply Chain have been around for a very long time: Planning, Inventory Management, Logistics, Procurement and Purchasing, Warehousing and many more. So what exactly is the definition of “Supply Chain Management”? Source: [link] ). Source: [link] ).

Supply Chain Design Software 72

Supply Chain Design Software Supply Chain Planning Software Manufacturing Procurement Optimal Sourcing 72

Enterra Insights

MARCH 1, 2019

The BCG analysts explain, “Today, another workforce transformation is on the horizon as manufacturing experiences a fourth wave of technological advancement: the rise of new digital industrial technologies that are collectively known as Industry 4.0.” ”[2] Computers and digital manufacturing ushered in other Industry 4.0

Manufacturing Procurement 100

Manufacturing Procurement Optimal Sourcing Supply Chain Design Software Analytics Software 100

Supply Chain Opz

JULY 1, 2014

What is the definition of supply chain management? Because, each professional organization has its own version of the definition. So supply chain is definitely NOT the same as value chain. Despite the popularity of this concept, there are considerable confusions among the practitioners.

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Cost Reduction Strategies Vendor Strategies Inventory Reduction Supply Chain Strategy 271

Supply Chain Shaman

JUNE 21, 2023

Before you react, here are some definitions. One of my insights from doing the industry analysis for the Supply Chains to Admire each year is that smaller and less well-known companies outperform larger and better-known manufacturers. The analysis is biased toward large process-based manufacturers in the Gartner network.

Gartner 334

Gartner Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 334

Supply Chain Shaman

SEPTEMBER 28, 2022

Definition: “Someone’s efforts, resolve, or viability are tested; things are meaningfully challenging. In this volatile world, efficient procurement led by a CFO is not the answer. Make, source, and deliver need to be managed together based on analytics that sense and respond at the speed of business.

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Manufacturing Procurement Supply Chain Design Software Network Design Software Supply Chain Planning Software 195

Supply Chain Matters

MAY 25, 2023

The Supply Chain Matters blog highlights this week’s reports that the German economy has officially slid into recession, and along with that, ongoing manufacturing recessionary conditions as-well. That stated, such a definition is predicated on historic measures as contrasted with current conditions. in March and 46.3

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Supply Chain Matters

MARCH 4, 2024

As our readers stemming from aircraft industry would likely surmise, such a statement more than implies that Boeing is definitely under the looking glass to undertake significant quality and operational management changes before any notion of being able to ramp-up 737 MAX model production from current levels. All rights reserved.

Manufacturing Procurement 52

Manufacturing Procurement Sourcing Strategies Optimal Sourcing Sourcing 52

Supply Chain Shaman

MAY 9, 2023

The panel group is sourced from my group of LinkedIn followers. The problem is that few companies have a clear definition of excellence compounded by the lack of clear definition of a business strategy. and there were no respondents that rated their process effective on this definition. There is no standard definition.

S&OP 318

S&OP Supply and Demand Supply Chain Planning Software Sourcing Strategies 318

GlobalTranz

NOVEMBER 9, 2016

The definition of the IoT sums it up; it is “a network of dedicated physical objects that contain embedded technology to sense or interact with their internal state or external environment.”. Furthermore, the IoT is directly linked to better risk management programs in manufacturing too, explains Industry Week. Where Do We Stand Today?

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Internet of things Manufacturing Procurement Supply Chain Software Logistics Network Optimization Software 246