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Supply chain and logistics functions have been one of the most volatile in the global economy of the last four years. Source: J.P. Global Manufacturing PMI Global Trade as a Barometer Clearly domestic business activity is much larger than international trade. ManufacturingPurchasing Managers Indexes The J.P.
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.
In the supply chain world, contract logistics – where a third-party logistics (3PL) firm runs and manages warehouses on behalf of their clients, is a $200 billion plus market. For example, in contract logistics, the 3PL makes use of a warehouse management system so that they can do the job efficiently. The right IT is critical.
Experts from North Carolina State University and GEP conducted a survey on supply chain, procurement and IT leaders to determine their challenges and priorities, focusing on examining gaps in the supply chain. Such a gap is problematic, as it could lead to higher costs, longer cycle times and less resilience.
Over the past few years, supply chain and procurement pros have faced the challenge of navigating their enterprises through one disruption after another. Despite their best efforts, current events and market dynamics caught up with them, leading to issues managing their suppliers and sourcing the materials needed for their products.
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.
They have a complex network of suppliers, internal assets, and transportation and manufacturing partners, many of whom are changing on an ongoing basis. In supply chain we talk about the fact that just optimizing one link in a chain – for example, optimizing manufacturing – does not lead to an optimized system.
eAuctions are online real-time dynamic discussions between one purchasing organization and a group of pre-qualified vendors competing for the purchaser’s trade. Throughout a genuine and collaborative cooperation with business vendors, they produce innovative approaches to current procurement difficulties.
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. 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.
And now on to this week’s logistics news. 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.” The drones used heat-seeking camera to track the dirt bikes as they fled from the area.
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.
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