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There is also managed planning, where a services firm uses a supply chain system to forecast demand, and plan replenishment and manufacturing. But now we are seeing an entirely new type of services firm in the supply chain world – a service provider that does the planning and takes ownership of the inventory.
Alex Zhong, Director Product Marketing at GEP. 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.
Supplier problems will cause a cascade of problems up and down the value stream, leading to supply order delays that cause inventory shortages, production disruptions, missed shipments and lost revenue. The study found that these leaders considered the largest gap to be between supply chain and procurement, citing it as a major issue.
This article is from Chetan Chaudhari at GEP and examines the ongoing aluminum can shortage. This shortage and sudden uptick in demand weren’t something that most can manufacturers were prepared for. Many breweries were also reported to be paying premiums to purchase cans just to meet their immediate needs.
Today, there are few efficiencies to wring out of the four walls of manufacturing plants, but massive white space opportunities in the daily activities that supply chain planners, buyers, and contract officers undertake. Another risk is the source of the data. This is where the opportunities lie ahead. Should We ?
Global Manufacturing Activity Levels Global manufacturing activity as reported by the J.P. The May report indicated that the global wide PMI has now been below the neutral 50 mark for nine consecutive months, and again an indication of manufacturing recession conditions. That could signal even more added inventory exposures.
SMEs and large enterprises are opting for the latest technologies and services to principally manage product details, payment systems, and inventory. North America is the leading region across the world in terms of market share as it holds large manufacturing units and adopts technology faster contributing to the growth of CMS.
That assessment comes as a result of 10 months of subdued demand, inventory de-stocking, and high interest rates, the New Jersey-based company said in its “The GEP Global Supply Chain Volatility Index.” But a key focus right now for Amazon is using AI to figure out where to place its inventory.
Procurement and supply chain executives are on the “same team” – and in general, a recent study conducted by the SCRC and GEP suggests that there is strong alignment between the two functions when it comes to prioritizing lower risks and reducing uncertainty in supply chains.
We now share excerpts of Prediction Two likely to be one of the more longer-term consequential predictions, that which is related to supply network strategic and tactical sourcing strategies. and Asian based manufacturers have increased their safety stocks to help blunt or buffer any immediate tariff increases. billion in funds.
The Supply Chain Matters blog highlights this weeks published index data that reinforces that North America based manufacturers have initiated unseasonal forward loading on inventories. The reports principle takeaways were noted as the following: Increased safety stockpiling reported by North American manufacturers, led by the U.S.,
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