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tariffs on imports from Canada, Mexico, and China is impacting global trade networks, affecting industries ranging from automotive and electronics to agriculture and energy. are expected to rise by $3,000 to $12,000 per car, forcing manufacturers to either pass costs to consumers or cut production. Today’s escalation of U.S.
This isnt a hypothetical scenario; its the daily grind for many businesses in 2025, where global trade rules shift faster than you can update your spreadsheets. Companies leaning heavily on global sourcing? manufacturer I know saw their import costs jump overnight, forcing a rethink of a decade-old sourcing strategy.
For example, with a data gateway, a supply planner gains accelerated access to customer orders, inventory levels, and transportation schedules, all in one place, to increase the user experience of making the right choice to identify inefficiencies and make better, more informed decisions.
In the competitive industrial landscape, efficient spare parts inventory management is crucial to maintaining seamless operations and driving profitability. Organizations require robust inventory management systems capable of handling diverse parts throughout their lifecycle.
Even globalmanufacturers –– companies across industrial, automotive, chemical, and energy industries –– are scrambling to mitigate the impacts of labor, material and energy shortages, delays, inflation, and unexpected events. It’s not just small and medium-size businesses that are caught off guard.
If you’re managing inventory with spreadsheets , you’re not alone—but you might be falling behind. In this dynamic environment, inventory management powered by spreadsheets is no longer a viable strategy. Why Spreadsheets Are Failing Inventory Management Excel feels familiar. But familiarity doesn’t equal effectiveness.
In an era where the threat of supply chain disruptions is constant, reshoring manufacturing has become a strategic imperative for manufacturers worldwide. Additionally, the desire to shorten supply chains and improve responsiveness to customer demands is encouraging more manufacturers to explore reshoring.
Bloated inventories. Despite investments in planning, today, industries hold 28 more days of inventory than in 2004. The larger the number of days of inventory, the greater the cash drag.) Changes in Inventory Year-end inventory values by industry from Y Charts. The story continues. Rising inflation. Next steps?
Once upon a time, the world of manufacturing was a relatively stable place. But then, supply chain disruption became the rule instead of the exception, consumers changed their tastes as often as their socks, and global competition started playing hardball. So how does a manufacturer navigate this rollercoaster?
The manufacturing sector is facing unprecedented volatility in global trade, with tariffs becoming the latest in a series of uncertainty drivers that are impacting virtually all industries. Manufacturing plants are deeply entrenched; tied to infrastructure, suppliers, skilled labor, and regulatory requirements.
New solution debuting at NRF 2025 reduces stockouts and markdowns, driving profitability BOSTON January 13, 2024 ToolsGroup , a global leader in retail and supply chain planning and optimization software, today announced the launch of Inventory.io, an AI-powered solution designed to simplify inventory management and enhance profitability.
In today’s interconnected global economy, sustainability within supply chains and logistics has become a necessity rather than an option. Regulatory demands, rising consumer expectations, and global challenges such as climate change and social inequality have made sustainable practices a strategic priority.
For example, with a data gateway, a supply planner gains accelerated access to customer orders, inventory levels, and transportation schedules, all in one place, to increase the user experience of making the right choice to identify inefficiencies and make better, more informed decisions.
In order to effectively manage risks in the current unstable global marketplaces, many suppliers have a thorough understanding of their own suppliers as well as supply chain bottlenecks that extend past the top tier of suppliers. An example of this is Vendor Management Inventory and Capacity Collaboration for contract manufacturing.
(TSX: KXS) an end-to-end supply chain orchestration, today announced a new partnership that will deliver improved alignment of supply chain plans with business objectives and strategies for midmarket discrete manufacturing companies. Were thrilled to partner with Infor to help manufacturers be more agile and resilient in the long term.
This article will examine the challenges Belcorp faced with managing its extensive product range and complex supply chain and how our solution set, which includes Service Optimizer 99+ (SO99+), Demand Planning, and the Multi-Echelon Inventory Optimization (MEIO) model, transformed their operations. It played out as follows.
This metric measures the percentage of time the planners accept replenishment, transportation, or inventory plans as they are without any change in the timing of the delivery or the quantity to be delivered. You manufacture stuff. You set a target inventory level. Solvoyo has a metric they call the user acceptance rate.
Geopolitical instability, extreme weather, labor shortages, and fluctuating consumer demand regularly impact global logistics. They integrate AI into demand forecasting, inventory optimization, and logistics operations to improve efficiency, reduce costs, and mitigate risks. Amazon is a leader in AI-driven supply chain management.
This is amplified across the supply chain into an exponential impact on inventory and planned orders for manufacturing. When we measure the bullwhip impact (in my class on outside-in process thinking), the bullwhip between manufacturing and procurement is 2-3X. Inventory Health. Measure inventory health.
In the rapidly evolving world of global supply chains, interoperability—the ability of systems, devices, and organizations to work together seamlessly—has become a critical factor for operational efficiency. For example, coordinating inventory management systems with demand forecasting tools. •
With Detroit’s legacy as the Motor City, the region is home to countless manufacturers, suppliers, and distributors deeply embedded in the global automotive supply chain. Navigating Supply Chain Disruptions Global disruptions often lead to delays at ports, congested rail yards, and increased transportation costs. Here’s how.
Instead, I would like to see us redefine work to improve decisions for the global multi-national. For example, if I improve the cost structure in transportation, procurement, manufacturing and sales independently, what decision support framework decides the right trade-offs? You are right. The answer is not th e Gartner Top 25.
During our conversation, Eddie and I spoke about the changing nature of global supply chains in the face of the ongoing Covid pandemic as well as the continuing surge of e-commerce. Global Supply Chains. Specifically, there were spikes in demand, and even though there was a lot of inventory available, the demand was surging.
Richard Lebovitz and Joe Lynch discuss leading inventory attack teams. Richard is the CEO of LeanDNA , a purpose-built analytics platform for factory inventory optimization. About Richard Lebovitz Richard Lebovitz is the CEO of LeanDNA , a purpose-built analytics platform for factory inventory optimization. acquired by SAP).
But todays global environment is more unstable than it was a decade ago. More recently, fluctuating trade policies have emerged as a persistent challenge, especially for firms with global footprints. For years, supply chains were engineered to be lean. Lean models alone are no longer sufficient.
Molex is a global electronics manufacturer that makes and sells over 100,000 distinct products – connectors, cable assemblies, and a wide variety of other products. 18,000 suppliers ship 70,000 different types of parts to 72 Molex manufacturing plants across the globe. You took 30 days.
Advanced supply chain planning is being transformed by probabilistic forecasting , which revolutionizes demand forecasting, supply planning, and inventory optimization. Enhancing Inventory with Probabilistic Forecasting A supply chain is a complex ecosystem influenced by dynamic variables. The result?
Let’s take a closer look at how four key industries—automotive, consumer packaged goods (CPG), high tech, and industrial manufacturing—are navigating the tariff rollercoaster and adjusting to the shifting landscape. Key takeaway Top challenge: Sourcing volatility driven by EV component shortages and fluctuating global tariffs.
How should a globalmanufacturer make a decision? In short, the research tells me that the manufacturing industries are stuck. In contrast, for a globalmanufacturer, the answer is more complex. In my qualitative interviews, few global companies larger than 5B$ rate their projects successful.
Probabilistic forecasting is revolutionizing demand forecasting, supply planning, and inventory optimization by significantly improving forecast accuracy and decision-making across distribution networks. Enhancing Inventory with Probabilistic Forecasting A supply chain is a complex ecosystem influenced by dynamic variables.
Your Aftermarket Supply Chain is More Complex Than You Think: Stop Guessing, Start Optimizing Lets be honest: managing spare parts inventory requires specialized strategies unlike any other inventory management process. Suboptimal inventory distribution: excessive stock in low-demand locations and shortages in high-demand areas.
The transportation, logistics, and energy storage sectors are undergoing profound transformation, driven by rapid technological advancements, evolving consumer expectations, and the global pursuit of sustainability. For instance, global EV adoption is projected to reach 40% of total vehicle sales by 2030, according to BloombergNEF.
QKS Group , a global advisory and research firm, evaluates vendors for its SPARK Matrix™ based on two key criteria: technology excellence and customer impact. The QKS Group SPARK Matrix™ offers an in-depth analysis of global market dynamics, major trends, vendor landscapes, and competitive positioning.
You might think it’s magic, but it’s actually the hard work of chemical import and export companies working behind the scenes to keep global supply chains ticking. The Importance of Chemical Import and Export in Global Supply Chains Without chemical import and export companies, many industries would come to a grinding halt.
Despite the evolution of technology, none of the 28 industry segments I follow can drive improvement at the intersection of operating margin and inventory turns. The time to adjust to market shifts is much longer in the global multi-national.) Change is Hard. Unlearning is Tougher. The industry is full of experts. Guess what?
These steps include sourcing and receiving inventory, storing inventory, order processing, picking and packing an order, shipping the order, and returns management. Factors like planning tools, inventory management, demand patterns, and innovations in technology contribute to the success or failure of fulfillment optimization.
According to the S&P Global Market Intelligence Americans are spending upwards of 4.1 This capital will help scale the company’s Shared Autonomy Platform and expand manufacturing for its TWA Reach forklifts, which integrate AI-driven autonomy with human oversight to optimize labor and safety in warehouse operations.
Sellercloud serves small to mid-sized retailers, wholesalers, and manufacturers with inventory and order management systems (IMS/OMS) that help manage and synchronize inventory across multiple sales channels, while also facilitating order fulfillment.
The Salesforce.com model is primarily a pipeline management tool suitable for discrete markets but not process manufacturers. Relex will continue to do well in the retail market but will struggle to be a serious player in manufacturing due to the lack of thought leadership. Will this change the market? I don’t think so.
Automotive: Can JIT manufacturing survive legal disruptions to tariff policy? Automakers must model dual-path sourcing strategies and reintroduce buffer inventory—not just for parts, but for regulatory flexibility. Every major industry now faces a unique supply chain challenge. Many fabs depend on protectionist policies for viability.
Your Aftermarket Supply Chain is More Complex Than You Think Lets be honest: managing spare parts inventory requires specialized strategies unlike any other inventory management process. Suboptimal inventory distribution: excessive stock in low-demand locations and shortages in high-demand areas. The outcome?
This solution allows human resource managers to review performance against over 50 external workforce key performance indicators, access global market intelligence (including rates, talent supply and demand, and time-to-hire trends), and track progress across diversity and worker health and safety initiatives.
The latest study highlights opportunities for businesses to strengthen resilience with artificial intelligence (AI)-driven demand sensing to optimize inventory, realize more value from planning investments, and better serve clients during disruptions of any size. Orlando, FL – October 2, 2024 – E2open Parent Holdings, Inc.
Meanwhile, LogiSYM Asia Pacific, a well-established event with over a decade of history, brought together professionals from supply chain, logistics, and shipping sectors for strategic discussions on resilience, digitalization, sustainability, and global trade dynamics.
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