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But change management is significantly more difficult when the technology deployed is used not just internally, but also by key trading partners. Molexs story is interesting because they excelled at overcoming these cultural issues. The most common form of trading partner collaboration is purchase order collaboration.
Background Most of the clients that I am working with are working on two large supply chain initiatives: Implementation of SAP RISE and Compliance with the EU Digital Product Passport initiative. In current systems where Distribution Requirements Planning (DRP) and Transportation Management (TMS) are different models, alignment is impossible.
Strategic sourcing and innovative solutions are often viewed as two distinct procurement tools, but they should not be seen in isolation. Think of them as apples and gearseach essential and effective on its own, yet when combined; they create a formidable mechanism for achieving procurementexcellence.
However, this approach ignores real purchasing behavior, such as customers buying complete sets of four tires. Probabilistic demand forecasting, in contrast, provides a full probability distribution, revealing actual purchasing patterns and enabling inventory planners to align stock levels with demand realities. The result?
Running a manufacturing business isn’t easy. You’re juggling production schedules, managing inventory, keeping an eye on finances, and making sure everything runs smoothly on the shop floor. That’s where a manufacturing ERP comes in. It’s a lot to handle. Let’s get started.
When a speaker wafts eloquently on one of these terms that I hate, I have to manage the inner Lora. I used to love the annual report published by the organization, which was then named the Council of Logistics Management (CLM). No system enables network transparency across source, make, and deliver. Sadly, it did not happen.
In May 2025, one in seven home-purchase agreements fell through resulting in the cancellation of 56,000 purchase contracts. Supply chain was defined in 1982 as interoperability between source, make and deliver. The concept was that managing trade-offs and optimizing the whole to drive business outcomes would improve value.
Introduction Gardner, (1954) and Huntzinger, (2007) define Purchase price variance (PPV) as a metric used to measure the effectiveness of cost-saving efforts by calculating the difference between the planned cost (standard pricing) allocated for purchasing activities and the actual cost incurred.
Supply chain efficiency is the cornerstone of success and involves the effective management of processes, resources, and technologies from procurement to production, transportation to warehousing. In the automotive sector, manufacturers are simultaneously reducing inventory costs and delivery times.
On our second priority, we delivered another strong year of industry-leading productivity, with holistic margin management cost savings of 5% of the cost of goods sold. “ Definition Cambridge Press I firmly believe that unlearning must precede change management. Outsourced manufacturing had a bullwhip of 8-9.
I am a big believer in procurement getting involved as early as possible in new product development based on all the market knowledge available. The worst-case scenario is product engineering developing a new product, selecting a supplier and then telling procurement to get on with negotiation. How often do your purchase orders change?
Why Leading Food Manufacturers Choose QAD to Power End-to-End Operational Agility Competing on Margin and Agility: Why Manufacturers Must Rethink Their Systems The food industry is fiercely competitive. Purpose-built for today’s food manufacturers who face constant disruption, shifting demand, and supply chain volatility.
They integrate finance, HR, sales, and supply chain management into one complex platform. Within this setup, an ERP procurement module helps companies make purchases and manage suppliers. Numbers speak louder: According to Procurement Tactics’ top procurement trends in 2025 , 83% of CPOs prioritize digitization.
Amsterdam, NL – aim10x Europe, hosted by o9 Solutions, brought together more than 300 senior leaders from supply chain, commercial, and IT functions for a focused day of discussion on digitaltransformation. The agenda prioritized outcomes over abstraction. We needed a complete mindset shift,” Adnan stated.
In 2025, the landscape of spare parts management is undergoing a seismic shift. Maintenance, Repair, and Operations (MRO) professionals, heads of maintenance, and spare parts managers are navigating an environment shaped by supply chain volatility, legacy infrastructure, and an explosion of data.
What is Source to Pay (S2P)? Yet in the case of source to pay, it is wholly justified. And if your organization is big enough to need a Chief Procurement Officer , that person is directly or indirectly responsible for every stage of that journey. manufacturing and process industries) or the delivery of services (e.g.
The procure to pay focus may continue, but other types of COE activities are layered on top, building on progressively more sophisticated activities such as KPI development, category intelligence support, risk management, contract management, and predictive analytics.
CAGR , the global supply chain management software market is expected to touch USD 50 billion by 2032. This one figure speaks volumes about how organizations worldwide want access to the best supply chain management tools to boost efficiency and value in their distribution and logistics network. Growing at an overwhelming rate of 11.1%
How Kechie ERP Software Transforms Operations Across Key Business Sectors How are companies managing the external and internal challenges that increase the complexity of their operations every day? We’ll explore how it transforms workflows and drives success across various business sectors. It truly covers it all.
Managing spare parts inventory has always been a delicate balancing actexcess inventory ties up capital, while shortages risk costly downtime and production delays. In addition, poor visibility, unpredictable demand, and disjointed systems worsen the situation further and lead to inefficient procurement, misplaced stock, and emergency orders.
Many of the managers I speak with are buying into the application of artificial intelligence in the workplace, but often struggle to identify specific processes that are best suited for AI.I Data literacy , on the other hand, refers to the ability to read, work with, analyze, and argue with data.
Managing spare parts inventory has always been a delicate balancing act—excess inventory ties up capital, while shortages risk costly downtime and production delays. That’s why a growing number of organizations are turning to AI software for spare parts inventory management. What is Spare Parts Inventory Management?
For AFFLINK's partners and affiliates navigating complex procurement environments, ESG integration reshapes how supply chains are built, evaluated, and optimized. Why ESG Matters to Supply Chain Management Modern supply chain strategies extend beyond efficiency and cost containment.
2) According to a 2012 report into corporate insolvencies by the Australian Securities and Investments Commission, 44% of businesses in Australia failed because of poor strategic management. Remember, poor strategic management is a factor in 44% of Australian business failures.
Although we’re years removed from the COVID-19 pandemic, sourcing electronic components remains a struggle. Nathan: I’ve been with Arena for over six years and currently lead the supply chain intelligence initiative as the principal product manager. Nathan: Many of our customers depend on contract manufacturers to build their products.
In 2025, the landscape of spare parts management is undergoing a seismic shift. Maintenance, Repair, and Operations (MRO) professionals, heads of maintenance, and spare parts managers are navigating an environment shaped by supply chain volatility, legacy infrastructure, and an explosion of data.
However, if the life cycle stock is healthy, inventory management is smooth. Inventory management revolves around the pivotal concept of the product life cycle. Various strategic steps and procurement procedures are incurred to make informed decisions about inventory production. Click here!
Even the failure of a seemingly minor, geographically remote supplier can have substantial consequences if they provide a critical component used by multiple manufacturers. Double-Edged Sword of Inventory Management: Declining demand presents a significant dilemma for inventory management.
For Greater Product Performance Visibility and Improved Sales & Demand Planning 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. This process is known as data normalization and harmonization.
Effective inventory management isn’t about rebalancing once excess has built up. A great example comes from a CPG company that restructured its raw material planning by grouping SKUs and locations then aligning these classifications to hit procurement minimums. Inventory should be a reflection of intelligent risk management.
They need visibility across multiple internal systemslike ERP, CRM, and financial platformsand even external sources shared with suppliers, partners, and customers. Modern platforms pull data from a wide array of sources: ERPs, relational databases, Excel files, cloud apps, third-party providers, and beyond.
In this era of port delays and TikTok-viral demand spikes, inventory management has never been more challenging. The cost of inefficient inventory management extends beyond storage fees—it impacts cash flow, slows growth, and can damage hard-won customer relationships. 5-Step Implementation of Just-in-Time Inventory Management 1.
Each of them has a role to play in procurement, but it’s important to understand the differences between them to ensure that you apply the right tool for the right job. In such applications it classifies transactions or supplier behaviors as “fraudulent” or “normal” by identifying anomalies in invoices, purchase orders, or payment patterns.
Click here to send us your comments Over the next five years, those leaders have top priorities around enhancing the customer experience with more service options, increasing automation and further digitalizing processes and offerings What is a supply executive to do? Limited value is a top barrier to securing future technology investments.
One measure of the health of the US manufacturing sector is the US PurchasingManagers Index from the Institute of Supply Management. Another view of US manufacturing strength is the index on US factory output from the Federal Reserve. The index for June came out at 100.2, versus 2024. versus 2024.
That starts with this, on the mood of the conferences, which it found is changing as a result the influx of Gen 7 managers moving into supply chain roles. So, this is different fro IoT generally, though a company deploying connected things obviously needs some kind of platform – hoe grown or acquired – to manage those functions.
They’re also managing disappointment from those partners when supply doesn’t line up, often due to causes outside the company’s four walls. This approach can work,” Aronow says, “but only after the CFO and business leaders agree to invest in additional and flexible sources of supply. Planner skill sets can also be an issue.
They’re one step closer to that realization of the full integration of robotics,” said Rueben Scriven, research manager at Interact Analysis, a robotics technology research firm. Jo Ann Tudtud-Navalta Materials ManagementManager, Chong Hua Hospital, Cebu City, Philippines Posted on: Aug, 21 2016 I agree totally with Mr. Schneider.
Carsten Baumann Strategic Alliance Manager, Schneider Electric Posted on: Aug, 19 2016 The IoT Platform in this year's (2016) Hype Cycle is on the ascending side, entering the "Peak of Inflated Expectation" area. lost net about 200,000 manufacturing jobs per year to offshoring. In comparison, in 2000-2007 the U.S.
In this edition of The Management Brief, Jim Womack shares why true respect for people means engaging in shared, rigorous problem-solving. So I’ve asked managers in many companies a simple question. The manager after all doesn’t just say “I trust you to solve the problem because I respect you. How do you show respect?”
Criminals are increasingly using cyber tactics to impersonate drivers, falsify load documents, exploit digital load boards and reroute shipments. Criminals are increasingly using cyber tactics to impersonate drivers, falsify load documents, exploit digital load boards and reroute shipments. See More Bad News on US Cargo Theft.)
Supply chain leaders should engage partners to identify and manage new shipping options. Carsten Baumann Strategic Alliance Manager, Schneider Electric Posted on: Aug, 19 2016 The IoT Platform in this year's (2016) Hype Cycle is on the ascending side, entering the "Peak of Inflated Expectation" area.
Carsten Baumann Strategic Alliance Manager, Schneider Electric Posted on: Aug, 19 2016 The IoT Platform in this year's (2016) Hype Cycle is on the ascending side, entering the "Peak of Inflated Expectation" area. Good advice from Drewry. Any reaction to this Drewy news ? Let us know your thoughts at the Feedback section below.
The great simplification: you have to be good at the first two to well manage the third. Carsten Baumann Strategic Alliance Manager, Schneider Electric Posted on: Aug, 19 2016 The IoT Platform in this year's (2016) Hype Cycle is on the ascending side, entering the "Peak of Inflated Expectation" area.
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