Strategic sourcing enters a new age. Are you keeping up? (Part 2)

ivalua

In last week’s blog , I began discussing telltale signs that you have entered the new age of strategic sourcing. Improving costs remains a core competency for any sourcing organization. Strategic Sourcing Requires Collaborative Working Arrangements with Key Suppliers.

Outsourcing Sourcing! 5 Lessons from Around the Globe!

Supply Chain Game Changer

Doing business with suppliers located overseas or in another country can be an overwhelming and daunting task even for expert Sourcing professionals. He knew what his cost point had to be on the product which meant that he had to have the product manufactured overseas. Subscribe Here!

Reshoring Or Not, What is Manufacturing? 4 Questions to Ponder with Real American Manufacturers

Cerasis

We recommend you get in touch with him if you'd like an expert to guide you to the next level in your manufacturing business. . Reshoring Or Not, Let's Get Back to the Basics of What is Manufacturing. What is Manufacturing? These manufacturers are called Subcontractors.

Five Tips on Sourcing Products From China

EMERGE App

Google a phrase like “sourcing products from China” and you’ll instantly be faced by almost 39 million results! This underscores the importance of China being the world’s manufacturing hub in the past decade, and most likely for the next few decades.

How to Sustain a Lean Culture in Manufacturing & Supply Chain

Cerasis

All activities are documented by a team recorder. It typically describes how a process should consistently be executed and documents current ‘best practices.’ Lean Manufacturing Supply Chain lean culture

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5 Quality Metrics Predicting The Future Of Manufacturing

IQMS

Bottom Line: Manufacturers are reaching a new level of results in 2018 because they have clearer, more actionable insights based on real-time manufacturing and quality metrics than ever before. Quality Metrics Enable Customer-Driven Manufacturing Networks.

Summary of Development and Manufacture Contracts in the Aerospace and Defense Industries

NC State SCRC

The type of contract of interest in this report is for Development and Manufacture contracts in the Aerospace and Defense industries. Specific Risks in Development and Manufacture Contracts in the Aerospace and Defense Industries. Sources.

7 Use Cases for Hyperledger in Supply Chain

Supply Chain Shaman

I believe we need to move to Open Source tech. After publishing a series of reports on visibility, I facilitated a dinner between two major manufacturers. This transition from closed and proprietary solutions to open source capabilities will not happen quickly. Document Sharing.

JAGGAER is the Only Full Suite Provider Named as a 2018 Gartner Peer Insights Customers’ Choice for Strategic Sourcing Application Suites and as a Leader in Two Gartner Magic Quadrants

Jaggaer

In a year full of recognition from industry analysts, JAGGAER was named by customers as a 2018 Gartner Peer Insights Customers’ Choice for Strategic Sourcing Application Suites. After being named a Leader by Gartner analysts in Gartner’s 2018 Magic Quadrant for Strategic Sourcing Application Suites and Gartner’s 2018 Magic Quadrant for Procure-to-Pay Suites*, JAGGAER was recognized on Gartner Peer Insights as a direct reflection of customer satisfaction.

Manufacturing and Cyber Security: A 5 Step Process to Create Internal and Customers’ Peace of Mind

Cerasis

Editor's Note: As we see the transition to digital manufacturing and the use of the cloud and other web-based systems, manufacturing and cyber security continue to collide. You can view our document as a helpful guide for your company here.

Outsource? Insource? Why not right source your print?

Claritum

Documents, operational print and marketing print are often considered as discrete requirements and most reviews will focus on each segment individually. So take a look at your entire print and document spend….and Why not right source your print?

20 Manufacturers Describe ERP Software Benefits in their Own Words

Cerasis

Editor’s Note: Today we are featuring this guest post from Find Accounting Software as it covers a subject we are also interested in, Manufacturing Technology which makes businesses more efficient. Earlier identification of product manufacturing issues. Quote Sources.

How Many Slaves Are in Your Supply Chain?

Talking Logistics

The collapse of the garment factory in Bangladesh last week , which killed at least 705 workers and injured thousands of others, has put a spotlight on a problem that plagues many supply chains: the use of slave labor.

Supply Chain Quality: A Driver for Digital Transformation

Talking Logistics

The cost of poor quality is so closely related to supplier quality and compliance that manufacturers must give the proper attention and resources to the optimization of their upstream partnerships. Finished products have high ratios (average 50%) of sourced or procured product content. Ensuring receipt of Certificate of Analysis (CoA) and other regulatory compliance documentation has made digitization a requirement for customer service, audit management, and compliance.

Is the FAR getting in the way of Early Supplier Involvement in defense projects?

NC State SCRC

The concept level design phase is typically summarized in a system concept document. This phase is followed by system level development, resulting in system performance requirements and description documents. Product development within the U.S.

New Generations, New Ways of Learning

DynaSys

For example, Generation Z uses the internet and blog articles to educate themselves, while Generation Alpha can beat your high score on My Manufacturing Company before they even know how to read.

Do You Know How Much Your Company is Spending? A Spend Analytics Checklist

Supply Chain View from the Field

Spend analysis does not need to occur only on an annual basis, but can be applied also to reviews of a category or subcategory of spend that occurs when a contract is being negotiated, or when a strategic sourcing project is initiated for a particular category group. Spend analysis is also a critical component of effective budget planning, and setting key performance indicators for sourcing teams to consider in their assigned duties.

Who Needs Quality Management?

Oracle SCM

How companies often react : The typical response or result is departmental quality silos, with either manual or periodic interaction between the silos: The Q&A Department creates their own system that addresses inspections, audits, and corrective actions, together with document controls.

The Effects of a Recall Can Be Minimized With a Connected Supply Chain

DynaSys

The supply chain can be the roadmap to follow to determine the how, the what, the why, the when and the where’s the source of the problem as the supply chain covers the entire cycle of the process from ingredient to finished product.

Ensuring Workers’ Rights in Global Supply Chains

Supply Chain Brain

Just about every major manufacturer has a supplier code of conduct to ensure that workers are treated humanely. Too often, however, those documents fail to prevent unacceptable working conditions. Most global supply chains are made up of multiple tiers of manufacturing, stretching from production of raw materials to final assembly. Often it’s those deeper levels that are the source of violations or inadequate working conditions.

Control Towers: If Only There Was A Clear Definition

Supply Chain Shaman

While there are many types of visibility (see Figure 1), the most common use case is either sourcing or transportation visibility. Contract manufacturing or 3PL data often will have a 24-hour latency due to batch integration. We finished dinner.

Data 357

A&D’s Ambitious Three-Year Timetable for Deploying Blockchain

Supply Chain Brain

As part of an annual effort, Accenture surveyed 30 A&D companies, encompassing original equipment manufacturers (OEMs) as well as tier 1 and 2 suppliers. For example, designers can create a 3-D model that shows every element of an aircraft engine, allowing manufacturers to make any necessary adjustments while delivering an authorized and comprehensive bill of materials. Schmidt acknowledges that falsified or corrupt data can still pose a problem for manufacturers.

5 Things to Know About U.S.-Mexico Logistics

Talking Logistics

It has been further spurred by the trend of nearshoring over the last decade, as American companies have relocated their manufacturing facilities to Mexico to take advantage of a skilled workforce, improving infrastructure, and proximity to the United States.

Mexico 313

SCRC Student Project Lineup Off to a Great Start…

Supply Chain View from the Field

Students will learn core processes around initial exploration and assessment of supply chain relationships, establishing metrics/expectations for the relationship, crafting and managing contracts, and sustaining continuous performance improvement in sourcing, logistics and operations. Each team will develop a written contract with selected partner(s) that documents the agreement resulting from the negotiation process. Establishing process models for global aviation manufacturing.

Improving Supply Chain Visibility

Supply Chain Movement

As a result, there are few gaps in manufacturing visibility, but large gaps in transportation and sourcing. Each of these visibility elements are closed using different software, techniques and sources. Today, the value networks do not extend across make, source and delivery.

Future of Procurement Study Available

Supply Chain View from the Field

Charles Babbage’s book on the economy of machinery and manufacturers, published in 1832, referred to the importance of the purchasing function. This white paper will seek to document not only what the future holds in store for the materials man (or the buying woman!”) i] Charles Babbage, On the Economy of Machinery and Manufacturers, 2nd ed. I recently completed a study of 25 CPO’s, each providing their view of what procurement will look like in 2025.

Study 60

Visibility: If Only I Could See

Supply Chain Shaman

This team was working on quality improvements and found that the flows crossed 117 disconnected documents in access, excel, and google analytics. These sources while functional are difficult to connect. The use of disparate data sources enriches insights. My phone rang.

Direct Material Woes: Seven Steps to Take to Improve Value

Supply Chain Shaman

Direct procurement ties directly to manufacturing conversion processes through a bill of material while indirect procurement is not an input to the manufacturing processes. While procurement is global, innovation centers are regional and manufacturing is more local. It is fall.

[INFOGRAPHIC] Learning is in the Making: The Powerful Combination of Making & STEM

Cerasis

Today is National Manufacturing Day ! This infographic was sent to us by our friends over at Manufacturing Stories, who is always adding great maker movement infographics to their Pinterest board here. . We hope you have a great manufacturing day! Infographics Manufacturing

Managing Supply Chain SLAs Through Blockchain: Is Blockchain the New Incoterm?

Cerasis

Therefore, having an indisputable source of information, such as blockchain technology, may be used to develop consistency and clarity in managing supply chain SLAs. Blockchain Eliminates Uncertainty Blockchain has great potential in eliminating counterfeit products and tracking freight, which costs upward of $250 billion annually, reports Share America , as well as manufacturing, processes. Traceability includes more than the product at the stage of manufacturing.

Supply Chains By the Numbers

Supply Chain Shaman

Intellectually, while I will know that year has changed, I will screw-up time, and time, again by writing 2014 on documents for many, many months. I like many other gray-haired supply chain professionals reported through a functional organization like manufacturing or transportation.

Supply chain innovation through the Nexus of Forces

ivalua

This is an especially important message for manufacturers’ supply chain organizations. In sourcing, successful manufacturers exploit all available information and analytics to make informed, strategic decisions in support of future success.

Building the Network of Networks

Supply Chain Shaman

In attendance are manufacturing representatives from BASF, BerryGlobal, Corning, Covestro, Grace, Evonik, Intel, Monsanto, and Smith’s Detection. Technologists and manufacturers working together to try to define multi-tier processes to redefine B2B.

Why Blockchain Within The Supply Chain Makes Perfect Sense

Cerasis

Multiple manufacturers, multiple relationships, multiple distribution models, multiple contracts. Instead of having to deal with an ineffective point-to-point communication system like EDI and the complexity of reconciling multiple data sources with multiple permission models, Distributed Ledger Technology (DLT) provides a singular mechanism to securely integrate, harmonize, and synchronize data for all participants.

[WHITE PAPER] 4 Strategic Considerations when Considering Offshoring Parts of your Supply Chain

Cerasis

Lured by the promise of cheaper labor ( which is starting to not be the case ), companies are blind to the tactical costs of manufacturing overseas. Despite these and other hidden costs, offshore manufacturing has become a fact of life.

What Exactly is Blockchain? And How Does it Work? (Infographic)

Supply Chain Game Changer

Source: [link]. Source: Wikipedia [link]. Source: [link]. Source: [link]. ” Source: [link]. Currently if you are working on one of these documents only one person can work on a specific document at a time. Source: [link].

4 Reasons to Integrate Order-to-Cash & Procure-to-Pay

OneSCM

The ease of implementing and onboarding supply chain management solutions gives wider visibility in manufacturing, as well as orders and inventory. Manufacturing schedules produce more overtime than necessary or result in missed deliverables due to delayed information.