Remove Exercises Remove Guidelines Remove Inventory Remove Manufacturing Procurement
article thumbnail

6 challenges facing medical device manufacturers and how ERP analytics can provide a cure

SYSPRO Smarter ERP

As members of one of the most highly regulated industries in the world, medical device manufacturers face numerous challenges. From stringent quality standards to comprehensive documentation requirements, Class 1 and 2 manufacturers must navigate a complex landscape to ensure compliance and product excellence.

article thumbnail

Assessing the True Return of Procurement Transformation on Total Shareholder Return: A Tough Proposition

NC State SCRC

In my earlier book with Gerard Chick on “ The Procurement Value Proposition “, we advance the notion that buildoing a business case for investing in people, process, and technology improvement in procurement is key. This is effectively a “snapshot” in time. and “What is the potential return on investment?”

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Top 2016 Supply Chain Strategy Posts from the Supply Chain Link Blog

Arkieva

After a couple of quick questions about the product that she had purchased, it was obvious to me that the product itself had the right features. Arrange your inventory based on how often you need to use it. They tend to move towards following standards and exercise rigorous governance regimes. Read More ».

article thumbnail

Sales and Operations Planning: The Interpersonal Element

Logistics Bureau

While this task will draw heavily on the demand plan, the Supply Chain Head will also need to canvas input from the company’s finance, logistics, operations, and manufacturing functions. Inventory turns. Whomever this person might be, they are responsible for creating a supply plan in the S&OP process. The Executive Sponsor.

article thumbnail

Vertical Integration in the Supply Chain: Is it on the Rise?

Logistics Bureau

The desire for absolute control over manufacturing or raw material quality (a driver for backward integration). Whilst the bean farms under Starbucks’ ownership are not able to meet the full raw material needs of the company, a sufficient supply is assured through solid purchase agreements with a wide range of growers.

article thumbnail

50 expert tips on supply chain management

6 River Systems

Importantly, flexible supply chains cut costs and improve cash flow, in part through a 10% to 40% increase in inventory turns. China trade war has already put regionalization of manufacturing back on the table. Chinese manufacturers did the same as they evolved their operations during the 1990s and early 2000s.

article thumbnail

I Will Be Wrong Again: Supply Chain and Logistics Predictions for 2017

Talking Logistics

But I continue to dust off my crystal ball, nonetheless, because coming up with predictions is a fun exercise for me and they usually generate some thoughtful ideas and conversations. companies that move manufacturing operations overseas? Assuming these anticipated rate hikes occur, what impact will they have on inventory levels?