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Advanced supply chain planning software leverages these probability distributions to optimize inventory targets, balancing service levels against carrying costs with mathematical precision. However, this approach ignores real purchasing behavior, such as customers buying complete sets of four tires. The result?
Advanced supply chain planning software leverages these probability distributions to optimize inventory targets, balancing service levels against carrying costs with mathematical precision. However, this approach ignores real purchasing behavior, such as customers buying complete sets of four tires. The result?
Procurement and supply chain management are often used interchangeably—but in practice, the lines between them can blur in ways that create real friction. Misaligned priorities, siloed systems, and unclear ownership can directly impact key performance indicators like cost savings percentage and procurement cycle time.
In May 2025, one in seven home-purchase agreements fell through resulting in the cancellation of 56,000 purchase contracts. Ask a procurement or transportation professional if they have a good demand signal and expect a laugh. The goal should not be making today’s planning processes faster and hands-free.
Its All About the Game Plan The Super Bowlmore than just a game, its an American tradition with global reach. For 58 years, food and beverage and consumer goods manufacturers have battled for dominance, from chips and wings to soda, beer, party supplies, and even aluminum foil for food storage and DIY trophies.
Now, retailers can simulate “what-if” scenarios that reveal how different hypothetical tariff-driven cost increases could impact shoppers’ willingness to purchase upcoming SKUs at various price points, and which products’ margins will suffer most as costs fluctuate. He adds that it’s no wonder that only 15% of U.K.
What Contractors Need to Streamline Procurement in 2025 By Ian Summers (pictured) Content Writer 111 Views You’re on-site before dawn, the framing crew’s ready, but the steel shipment’s stuck in limbo, the invoice isn’t approved, and your project management app just pinged you for the fourth time.
Businesses often use it in retail and purchasing. Category management isn’t just another procurement trend. It’s a way for companies to group similar goods or services (like IT infrastructure, facilities, or raw materials) and manage them holistically instead of handling every purchase in isolation.
For Greater Product Performance Visibility and Improved Sales & DemandPlanning Consumer Packaged Goods (CPG) manufacturers operate in an increasingly competitive environment, where the ability to access and analyze timely, accurate data can make or break a company’s success. Their report formats may be inconsistent.
Use cases Following are global case studies illustrating the benefits of no-touch planning: Global FMCG company automated 80% of its order-to-ship process and reduced the end-to-end processing time by 45%. The business carried too much inventory about $6 B, which led to much waste through product obsolescence.
ThroughPut AI: Best for supply chain analytics and decision intelligence WATCH ON-DEMAND THROUGHPUT AI DEMO With Artificial Intelligence (AI) and Machine Learning (ML), a very powerful force comes into play in your supply chain decision-making processes with ThroughPut AI.
Depending on the nature of your business, your trading partners or your location, this could include procurement strategies, demandplanning, logistics, and global trade management among others. Mastering Direct Spend Management Procurement teams generally do not report to the chief supply chain officer.
Bowman, SupplyChainBrain The European Union is on the verge of rolling out a reporting regulation that promises to have a huge impact on businesses selling into the region. The DPP “represents a significant advance in product transparency and sustainability,” according to an EU report published in September of 2024. “As
For manufacturers and distributors using OptiProERP, which is built on SAP Business One, these AI innovations deliver tangible benefits. They enhance everything from planning and production to customer service and financial management, giving businesses the tools to compete and thrive in today’s complex market.
Manufacturers are expanding their commitment to sustainability initiatives that are not only good for the environment but also contribute to profitability by optimizing operations, reducing waste, and conserving energy. To support these efforts, more manufacturers are implementing AI-powered energy management techniques.
Inventory is the lifeblood of any manufacturing business. Get it right, and youve got happy customers and streamlined costs. Striking the perfect balance between available stock and cost efficiency is key. Get it wrong, and you risk financial strain and fulfillment headaches. Thats where data-driven decision-making comes in!
Industrial manufacturing supply chains operate in one of the more complex environments in recent memory. Variables like global disruptions, rising input costs, and increasing customer demands continue to challenge even the most sophisticated supply chains. telematics) are changing the game.
Today, there are few efficiencies to wring out of the four walls of manufacturing plants, but massive white space opportunities in the daily activities that supply chain planners, buyers, and contract officers undertake. This is where the opportunities lie ahead. Tariffs coming out of the US, how will that impact us?
In 2023, the National Institute of Standards and Technology (NIST) reported that 62% of organisations experienced a supply chain-related cyber incident. The breach cost them over $120,000 in recovery costs and fines. Attackers can tamper with hardware or firmware during manufacturing or shipping. They want disruption.
Jassy called generative AI a “once-in-a-lifetime” technology that will change the way the company operates, and said Amazon is already using it in “virtually every corner of the company,” calling out the supply chain areas of inventory and demandplanning as examples. prediction made in March.
Proactive communication and agile manufacturing further enhance resilience. Tariffs varying by country, export controls, and evolving compliance rules and restricted zones create additional hurdles for manufacturers. Lack of real-time tracking and analytics gaps can hinder proactive decision making.
adults expect to pay more for food this summer compared to last summer due to inflation, and nearly half (47%) expect to pay the same, suggesting 80% report feeling no relief from high grocery prices. consumers, conducted for QR code company, GS1 US , found that 33% of U.S. The survey, released June 23, also found that U.S.
JIT originated from the Toyota Production System, revolutionizing manufacturing with its focus on efficiency and demand-driven inventory management. This approach reduces excess inventory, minimizes storage costs, and enhances operational efficiency. What Are The Advantages and Disadvantages of Just-in-Time Inventory?
Second is the broader strategic importance: As the macroeconomic environment tightens, and tariffs start to bite harder, it will be crucial to both lower operating costs and also protect against increased volatility. Inventory is capital sitting on the floor. A WMS is only as good as the data you feed it.
lost net about 200,000 manufacturing jobs per year to offshoring. In order to help companies decide objectively to reshore manufacturing back to the U.S. or offshore, the nonprofit Reshoring Initiative's free Total Cost of Ownership Estimator can help corporations calculate the real P&L impact of reshoring or offshoring.
There are just 4 million EVs in all of America but Chinese car buyers are purchasing a million EVs every month. And the costs are high. Original equipment manufacturers (OEMs) cant afford to miss a sales opportunity, but they also dont want to overproduce the wrong vehicles and options. Its impossible to predict the future.
Gartner says, adding that “They are approaching the current environment from a data-driven analytical method that wasn’t nearly as prominent five years ago.” lost net about 200,000 manufacturing jobs per year to offshoring. In order to help companies decide objectively to reshore manufacturing back to the U.S.
lost net about 200,000 manufacturing jobs per year to offshoring. In order to help companies decide objectively to reshore manufacturing back to the U.S. or offshore, the nonprofit Reshoring Initiative's free Total Cost of Ownership Estimator can help corporations calculate the real P&L impact of reshoring or offshoring.
lost net about 200,000 manufacturing jobs per year to offshoring. In order to help companies decide objectively to reshore manufacturing back to the U.S. or offshore, the nonprofit Reshoring Initiative's free Total Cost of Ownership Estimator can help corporations calculate the real P&L impact of reshoring or offshoring.
They should be able to make decisions, purchase items as needed, and avoid necessary paperwork, red tape and delays. This is very helpful to know, since employees can often waste time just to make themselves seem valuable and useful, but that behavior can be a money sink for the business.
From electronics manufacturers to retail giants, companies are grappling with a complex landscape of rising duties and other supply chain challenges. The stated aim of those measures is to bolster domestic manufacturing and reduce reliance on foreign supply chains. The cost impact is both immediate and far-reaching. In the U.S.,
While the Trump Administration’s stated goal is to bring more manufacturing back to the U.S., tariffs present major challenges for small manufacturers and e-commerce brands. For many, higher costs, supply chain delays, and unpredictable inventory flows are creating significant hurdles. Optimize customer relationships.
This creates a ripple effect, as mid-sized manufacturers go out of business due to increased competition. Recent conversations with more than 30 manufacturers across Latin America revealed a striking pattern: less than half of production planning now relies on demand forecasts. Its not just a local rebound.
The final pillar of defense against cargo theft involves collaboration with trusted partners to track threats and report incidents – which often doesn’t happen even in today’s environment. lost net about 200,000 manufacturing jobs per year to offshoring. companies are reshoring and foreign companies are investing in U.S.
lost net about 200,000 manufacturing jobs per year to offshoring. In order to help companies decide objectively to reshore manufacturing back to the U.S. or offshore, the nonprofit Reshoring Initiative's free Total Cost of Ownership Estimator can help corporations calculate the real P&L impact of reshoring or offshoring.
lost net about 200,000 manufacturing jobs per year to offshoring. In order to help companies decide objectively to reshore manufacturing back to the U.S. or offshore, the nonprofit Reshoring Initiative's free Total Cost of Ownership Estimator can help corporations calculate the real P&L impact of reshoring or offshoring.
lost net about 200,000 manufacturing jobs per year to offshoring. In order to help companies decide objectively to reshore manufacturing back to the U.S. or offshore, the nonprofit Reshoring Initiative's free Total Cost of Ownership Estimator can help corporations calculate the real P&L impact of reshoring or offshoring.
But according to a report on the data, US birth rates rose only for one demographic: Hispanic women. births per 1,000 women in 2023 was the lowest ever recorded since data collection began in 1909, according to the CDC report. That left logistics costs as a percent of US GDP down a bit in 2024 to 8.7%. trillion, up from $2.44
with 34% of consumers saying that theyve delayed making purchases until theres more certainty. with 34% of consumers saying that theyve delayed making purchases until theres more certainty. with 34% of consumers saying that theyve delayed making purchases until theres more certainty. According to a survey of 1,000 U.S.
of GDP The Council of Supply Chain Management Professionals (CSCMP) and partners Kearney and Penske Logistics are out last week with the 2025 State of Logistics Report, looking primarily at 2024 data. Again this year, Penske Logistics funded the report development. Somewhere along the way, CSCMP took over the sponsorship.
Click here to send us your comments The Cass report showed May shipment volumes in the US were down 3.4%seasonally Click here to send us your comments The Cass report showed May shipment volumes in the US were down 3.4%seasonally lost net about 200,000 manufacturing jobs per year to offshoring. Supply Chain Digest Says.
Commandment 9: Insist on User Friendliness Independent of the effort put forth to design a system, purchase hardware and develop software, the single biggest test of implementation occurs when an operator attempts to scan bar coded media. lost net about 200,000 manufacturing jobs per year to offshoring.
lost net about 200,000 manufacturing jobs per year to offshoring. In order to help companies decide objectively to reshore manufacturing back to the U.S. or offshore, the nonprofit Reshoring Initiative's free Total Cost of Ownership Estimator can help corporations calculate the real P&L impact of reshoring or offshoring.
That was captured in the SOL report by the chart below, which shows uncertainty, as tracked by something called the Economic Policy Uncertainty Index from an organization of academics using the same name as the index. Source: State of Logstics Report 2025 May you live in interesting times, as the Chinese saying goes.
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