GlobalTranz

FEBRUARY 27, 2018

Procurement must never be an afterthought in any enterprise. Manufacturers need to have the right raw materials and supplies available. The answers to these questions lie in understanding a few of the top industrial procurement trends to expect in 2018. Companies Will Seek New Ways to Use Technology in Procurement.

Manufacturing Procurement 166

Manufacturing Procurement Optimal Sourcing Supply Chain Planning Software Supply Chain Software 166

SYSPRO Smarter ERP

MARCH 2, 2022

To deal with the new challenges in managing and planning the supply chain , the procurement department is one of the functions that should look at changing. It is no longer sufficient for procurement to focus just on supplier costs, placing orders and ensuring goods are received. The situation changes with a larger number of suppliers.

Optimal Sourcing 116

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Supply Chain Software 116

The Logistics & Supply Chain Management Society

NOVEMBER 22, 2022

In one example, Crust Group in Singapore provides a Southeast Asian example of a cross industry “circular economy” partnership. Where usually all beer manufactured in Singapore is made using imported raw materials, this model of brewing would completely eliminate that need for beer making imports. MORE FROM THIS EDITION.

Manufacturing Procurement 245

Manufacturing Procurement Material Savings Singapore Waste Reduction 245

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 365

Supply Chain Planning Software Procurement Analytics Supply Chain Performance Manufacturing Procurement 365

SYSPRO Smarter ERP

OCTOBER 11, 2021

There is a belief that manufacturing is a mechanical process with not much thinking involved. While this is wrong for manufacturing in general it is especially wrong for process manufacturers – companies that produce food and beverages, paints, chemicals, pharmaceuticals, and cosmetics. What is process manufacturing?

Manufacturing Procurement 119

Manufacturing Procurement Manufacturing Supply Chain Planning Software Purchasing Skills 119

SYSPRO Smarter ERP

MARCH 29, 2022

Manufacturers are aware they need to modernize to take advantage of what technology can offer. However, technology options are available for manufacturers to use that can help digitalize their operations without the expense (not to mention production downtime) of plant upgrades. The 5th, 10th or is it older? What is 4IR?

Manufacturing Procurement 116

Manufacturing Procurement Modeling Software Manufacturing Supply Chain Planning Software 116

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!

Purchasing Training 82

Purchasing Training Negotiating Skills Buyer Training Manufacturing Procurement 82

Supply Chain Shaman

NOVEMBER 15, 2023

PWC’s Digital Trends in Supply Chain Survey reports that 83% of manufacturers say that supply chain technologies have not delivered the expected results. Based on the Supply Chains to Admire analysis, the first question is: Why do the cost reduction strategies not translate into operating margin improvement against peer groups?

Supply Chain Planning Software 406

Supply Chain Planning Software Optimal Sourcing Modeling Forecasting Software 406

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. For example, are you still a minority owned company?

Supply Chain Network Software 221

Supply Chain Network Software Manufacturing Procurement Procurement Analytics Optimal Sourcing 221

Supply Chain Shaman

APRIL 15, 2020

An example is a focus on moving and buying ventilators without an assessment of the availability of critical parts and skilled therapists. Another example is testing. For example, I believed that I contracted the virus on April 2 nd , and received my results on April 17 th. Figure 2 is an example of a potential market signal.

Supply Chain Planning Software 450

Supply Chain Planning Software Supply Chain Design Software Modeling Supply and Demand 450

Supply Chain Shaman

DECEMBER 28, 2020

Only four percent of companies compared to their peer groups improved balance sheet performance of growth, operating margin, and inventory turns. Let me make my point by sharing some financial data using client examples from the last decade. Both companies outperformed their peer groups. Henkel is underperforming its peer group.

Supply Chain Planning Software 418

Supply Chain Planning Software Forecasting Forecasting Software Modeling 418

Supply Chain Shaman

AUGUST 18, 2022

This large food manufacturer used a popular technology to forecast monthly using orders as an input. They had never been in the same room to discuss demand holistically from sales teams to procurement. The group felt that the discussion was academic: and not that important. An example is shown in Figure 2. The takeaway?

Supply and Demand 259

Supply and Demand Demand Planning Software Optimal Sourcing Supply Chain Planning Software 259

SupplyShift

JUNE 4, 2021

To use one of our partners as an example, take The Sustainability Consortium (TSC) , a 100+ member global community that lists Amazon, HSBC Bank, Unilever, Pepsico, and the World Wildlife Fund among its many members. Collaboration also yields tangible, time-saving results. Learn more about the benefits of standardization here.

Groups 52

Groups Optimal Sourcing Sustainability Pharmaceutical 52

Supply Chain Matters

MAY 31, 2022

In this posting we provide two recent examples of turnover among senior supply chain leadership that occurred n days of one another. . Last week both Bloomberg and The Wall Street Journal reported the departure of yet another senior manufacturing executive at Rivian Automotive as well as an overall reorganization. Rivian Automotive.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Analytics Procurement Solutions North America 52

Logility

AUGUST 31, 2023

Through Logility, Kelly-Moore has moved beyond relying solely on shipment history to purchase raw materials by forging a deeper connection between its master production schedule and procurement decision-making. Batch manufacturing is more controlled and optimized, improving inventory turns and production scheduling efficiency.

Consumer Goods 183

Consumer Goods Network Optimization Software Optimal Sourcing Inventory Reduction 183

Supply Chain Shaman

FEBRUARY 18, 2021

Advanced planning evolved with a focus on modeling manufacturing constraints. Initially, the output was published to procurement to design strategic buying strategies. Procurement became an island–isolated from the demand signal except for MRP. This was a gift from a member of a group that I am facilitating.)

Supply Chain Planning Software 297

Supply Chain Planning Software Supply Chain Design Software Supply and Demand Procurement Analytics 297

Logistics Viewpoints

AUGUST 22, 2023

The paradigm is shifting from foundational visibility to real-time decision-making, with positive implications for supply chain teams spanning sourcing & procurement, to production, to yard & DC operations and beyond. Some examples: Procurement and Co-manufacturing : What is the impact of inbound transportation issues on materials?

Real-time Visibility 189

Real-time Visibility Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 189

BlueYonder

MAY 30, 2024

As vehicles become more connected, autonomous, electric, and customizable, automotive manufacturers are increasingly evolving into technology companies. Unlike traditional manufacturers, technology companies operate with greater agility and responsiveness. This necessitates manual rescheduling and expedited procurement of parts.

Conference 92

Conference Logistics Network Optimization Software Supply Chain Planning Software Cost Reduction Strategies 92

GlobalTranz

NOVEMBER 9, 2016

Simply using common calendar tools, such as Google, means you are using the IoT, but the Industrial Internet of Things (IIoT) leads to the use of connected, smart devices to reduce inefficiencies, delays, and inaccuracies throughout the product lifecycle, including procurement as well. Warehouse Management. Transportation Management.

Internet of things 246

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

Supply Chain Movement

JUNE 22, 2023

The once-mighty conglomerate General Electric, built up by industrial icon Jack Welch, is being subdivided into three distinct companies, for example, because the various corporate structures, business models and supply chains have become so complex that there is no longer any synergy to be gained.

Trends 78

Trends Manufacturing Procurement Gartner United Kingdom 78

SupplyShift

JUNE 4, 2021

To use one of our partners as an example, take The Sustainability Consortium (TSC) , a 100+ member global community that lists Amazon, HSBC Bank, Unilever, Pepsico, and the World Wildlife Fund among its many members. How Collaboration Helps in Practice Collaboration also yields tangible, time-saving results.

Groups 40

Groups Optimal Sourcing Sustainability Pharmaceutical 40

Logility

OCTOBER 27, 2021

Say, for example, you’re a bag manufacturer and you purchase hardware from a company that you know is sustainable, however you fail to conduct any due diligence on its suppliers. For example, you may want to require a supplier to allocate a certain percentage of its procurement spending to sustainability companies.

Apparel 130

Apparel Sustainability Supply Chain Strategy Supply Chain Software 130

Claritum

FEBRUARY 24, 2020

Claritum Article - Procurement Blog. Project and Category Procurement Differences. Table of the key differences between Project and Category based procurement. Types of activity suitable for Project based procurement. Types of activity suitable for Project based procurement. when should I use it? Introduction.

Manufacturing Procurement 41

Manufacturing Procurement Procurement Solutions Optimal Sourcing Purchasing Skills 41

Supply Chain Matters

MARCH 2, 2023

Global Manufacturing Activity Levels Global manufacturing activity as reported by the J.P. Morgan Manufacturing PMI® , compiled by S&P Global in association with ISM and IFPSM , halted a consecutive five-months of contraction levels to that of no-change. The S&P Global US Manufacturing PMI® had a February value of 47.3,

Manufacturing Procurement 52

Manufacturing Procurement Global Manufacturing Optimal Sourcing 52

ivalua

SEPTEMBER 8, 2022

Essentially every company that manufactures goods today depends on other companies to supply the raw or value-added materials that go into their finished products. The job of procurement is to ensure performance is as promised, risk is low and business objectives are being met through collaboration.

Manufacturing Procurement 130

Manufacturing Procurement Supply Chain Planning Software Optimal Sourcing Global 130

Supply Chain Shaman

JULY 30, 2022

However, two decades later, there is still no technology solution to enable demand visibility or help companies use channel data to translate demand into an inventory, replenishment, or manufacturing strategy. End-to-End Definition Implementation of enterprise data architectures to improve order-to-cash and procure-to-pay. Background.

Supply Chain Design Software 195

Supply Chain Design Software Supply and Demand Supply Chain Planning Software Data 195

Supply Chain Shaman

JUNE 23, 2020

I find in my Supply Chains to Admire research that 96% of companies (when compared to their peer groups) are unable to drive improvement while delivering higher performance year-over-year on a balanced scorecard of growth, inventory turns, operating margin and Return on Invested Capital (ROIC). Ecolab, L’Oreal, and TJX are exceptions.

Supply Chain Design Software 297

Supply Chain Design Software Supply Chain Planning Software Analytics Software Optimization Software 297

Logistics Viewpoints

MAY 6, 2022

Well, according to Czinger, a Los Angeles-based boutique hypercar manufacturer, that is about to be a possibility. Environmental and labor groups filed separate suits. Well, Amazon workers at a facility in New York voted not to join an upstart union only weeks after the group won a resounding victory at a warehouse across the street.

Logistics Network Optimization Software 224

Logistics Network Optimization Software Negotiating Skills Manufacturing Procurement Negotiate Pricing 224

Supply Chain Matters

JULY 19, 2023

The Ferrari Consulting and Research Group via its affiliated Supply Chain Matters blog provides supply chain focused perspectives on this week’s indications of slower economic growth across China. The lack of momentum in China based manufacturing has had a discernable contractionary impact on other regions, especially Taiwan and Malaysia.

China 52

China Manufacturing Procurement Supply Chain Strategy Cost Reduction Strategies 52

Supply Chain Shaman

FEBRUARY 14, 2022

Nine times out of ten, the finance group is portrayed as a dam, a barrier or a ferris wheel in the drawings. Notice how the water turns from blue to brown in Figure 3 with the lack of demand translation capabilities within the enterprise for manufacturing and logistics. In Figures 2 and 3, note the portrayal as a dam. Mistake #3.

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

QAD

APRIL 22, 2021

Recent business turbulence has increased the awareness among manufacturers for improved communication and collaboration with suppliers. This is certainly true in the area of strategic sourcing where procurement teams rely heavily on manually intensive efforts to identify and select suppliers.

Manufacturing Procurement 81

Manufacturing Procurement Optimal Sourcing Negotiating Skills Purchasing Skills 81

ThroughPut

JUNE 3, 2019

We do it throughout entire industries, enabling leaders to smooth-out their Supply Chains, lean-out their Logistics, optimize their Operations, and maximize their Manufacturing throughput, all with their existing teams and often disaggregated data sources.

Groups 60

Groups Innovation Supply Chain Planning Software Optimal Sourcing 60

QAD

JUNE 6, 2023

Many companies believed collaboration should occur amongst sales forecasting, operations planning and procurement planning teams. Many manufacturers today still use past decision-making methods, which is a disconnected model that leads to critical departments, like finance and operations, being isolated from one another.

Supply Chain Planning Software 92

Supply Chain Planning Software Supply Chain Planning Scenario Planning S&OP 92

Claritum

JUNE 13, 2019

Claritum Article - Procurement Blog. I took on the challenge of writing a condensed version of all the current Procurement challenges. I believe the issue with these articles is the broad range encompassed by the word Procurement and the constant change within this domain. Procurement Domain Name. Manufacturing supply.

Manufacturing Procurement 32

Manufacturing Procurement Procurement Solutions Procurement Analytics Optimal Sourcing 32

The Logistics & Supply Chain Management Society

JANUARY 3, 2024

We have heard that there is a focus on near-shoring, reshoring, and local manufacturing. Building a fab (manufacturing site) takes two-to-four years and requires the availability of water and trained labor.” For example, when I used to ship ice cream by reefer container to China from the west coast, the time on the ship was 12-18 days.

Supply Chain Design Software 130

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 130

ivalua

MAY 9, 2019

The most fundamental spend categorization in Procurement is the line between direct and indirect spend, but one effort that transcends this split is supplier management. Industry: Manufacturing. While Procurement might not consider these relationships strategic, they are critical nonetheless. Healthcare.

Supplier Management 145

Supplier Management Manufacturing Procurement Procurement Solutions Optimal Sourcing 145

Claritum

FEBRUARY 24, 2020

Project-based procurement occurs when there is a specific project activity and goal. The defining nature is that there is a duration of time over which the project procurement occurs and a need to capture the procurement activity in the context of this project. Transactional procurement and expediting. 1: Introduction.

Manufacturing Procurement 32

Manufacturing Procurement Procurement Solutions Optimal Sourcing Purchasing Skills 32