Remove Florida Remove Forecasting Remove Manufacturing Procurement Remove Procurement Analytics
article thumbnail

Procurement and Supply Chain are Smarter Together – Practical Use Cases

Logistics Viewpoints

In a previous post , I made a case for how the Chief Supply Chain Officer (CSCO) and Chief Procurement Officer (CPO) are smarter together. Accordingly Supply Chain and Procurement will need continuous collaboration. Such sourcing events can be in the context of direct materials or logistics capacity.

article thumbnail

Building Outside-In Processes

Supply Chain Shaman

On Monday, I would speak in Orlando Florida at the Terra Technology event; and on Wednesday, present the keynote at the Logistic Summit & Expo in Mexico City. I am a manufacturing gal by training. It pains me to see nine out of ten companies are stuck at the critical intersection of cost and inventory turns. Bio-engineering?

Insiders

Sign Up for our Newsletter

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

article thumbnail

Hurricane Season Brings New Risks to Pandemic-stressed Supply Chain Chains

Enterra Insights

Chris Dolce ( @chrisdolcewx ) reports, “The 2020 Atlantic hurricane season is off to a fast start with three named storms by early June.”[1] … Forecasters predict that oceanic and atmospheric conditions in the Atlantic will be favorable for a more active than usual hurricane season in the months ahead.”

article thumbnail

What Caused the Baby Formula Shortage + 7 Ways Consumers and Companies are Coping

ToolsGroup

Data also shows that half of US states are experiencing out-of-stock rates between 40% and 50%: Image source: Flipboard. This made it incredibly difficult for manufacturers to accurately gauge the market size for production. The Risk of Outdated Forecasting Software. Image source: Sturgis Journal.

article thumbnail

What is Seasonal Inventory and How to Deal With It

EMERGE App

They won’t stop purchasing wine altogether but will buy them according to the season and the food they will pair them with. As you can see, seasonal factors can play havoc with your carefully planned inventory purchases. Purchases need to be paid in cash to suppliers even after generous 30-day credit terms. Stock-Outs.

article thumbnail

26 logistics professionals reveal the biggest trends in logistics technology

6 River Systems

These technologies also contribute to a rise in big data and analytics in the logistics field. RFID tags and robotic warehouse systems generate and transmit data that, when combined with other data sources, allow companies to optimize the supply chain and make better predictions and forecasts to improve efficiency and boost the bottom line.