Medical Manufacturing Under Pressure: How Encompass Group Is Responding to COVID-19

Demand Solutions

When COVID-19 first broke out, Demand Solutions customer Encompass Group decided not to sit on the sidelines. Encompass Group is on a mission to ensure every patient, resident, caregiver, and family member feels safe and comfortable in today’s healthcare environment. It’s not hard to imagine that many of Encompass Group’s products will be in greater demand during the coronavirus crisis. medical supply chain disruption encompass group

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How Can Advanced Sourcing Help Your Business?

EC Sourcing Group

Sourcing is the term used when the purchasing department is searching for the right supplier (or group of suppliers) to fill a particular need, typically a good or service, to fulfill a purchasing order. Advanced Sourcing Optimizers and Tools: What Are Your Sourcing Challenges?

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How Sourcing has Reemerged in a Covid-19 World

Jaggaer

For the first three months after Covid-19 hit, virtually every sourcing project , in every sector , was put on hold while companies tried to assess the situation and how best to deal with the epidemic. Diversify Your Sourcing Needs. COVID-19 Sourcing

Intalere Selects Consus & Ivalua to Drive Source to Contract Best Practices

ivalua

Healthcare supply chain GPO, Intalere, deploys an end-to-end Source to Contract solution across its purchasing functions. has gone live with Ivalua’s Source to Contract solution. As a group purchasing organization (GPO), Intalere connects with the right manufacturers and distributors to aggregate purchasing volume across the supply chain and negotiate improved discounts on their members’ behalf resulting in unprecedented cost savings for the healthcare industry.

Time to Rethink Sourcing Rare Earth Elements

Supply Chain Game Changer

Strategic National Stockpiles and Sourcing for the National Interest! These Rare Earth Elements have long ago been abandoned for mining and processing here in the United States and are part of our reliance on Chinese sources of supply. Rare Earth Elements (REE) are a selection of 17 elements in the third group of the periodic table. sourcing #rareearthelements. The post Time to Rethink Sourcing Rare Earth Elements appeared first on Supply Chain Game Changer™.

Sourcing and Procurement in Supply Chain Management

EC Sourcing Group

Sourcing and Procurement in Supply Chain Management. The terms “ sourcing” and “procurement” in supply chain management are often used interchangeably, although they are not quite the same. It refers to the entire process of sourcing and contracting with suppliers to gather all of the services and goods you need to make that final product. Sourcing is but one step in the procurement process. Sourcing and Procurement in Supply Chain Management : Finding the Right Tools.

Enabling Innovation Groups To Sell More Effectively to Operations Leaders

ThroughPut

We do it throughout entire industries, enabling leaders to smooth-out their Supply Chains, lean-out their Logistics, optimize their Operations, and maximize their Manufacturing throughput, all with their existing teams and often disaggregated data sources. Whether it is access to data, maneuvering around competing innovation objectives, tracking down actual factory-floor operators, or involving oft-neglected procurement groups, there are internal bottlenecks everywhere.

Intalere Selects Consus & Ivalua to Drive Source to Contract Best Practices

ivalua

Healthcare supply chain GPO, Intalere, deploys an end-to-end Source to Contract solution across its purchasing functions. has gone live with Ivalua’s Source to Contract solution. As a group purchasing organization (GPO), Intalere connects with the right manufacturers and distributors to aggregate purchasing volume across the supply chain and negotiate improved discounts on their members’ behalf resulting in unprecedented cost savings for the healthcare industry.

A Guide to Responsible Sourcing in Automotive, Electronics

Material Handling and Logistics

One of the biggest obstacles to setting and implementing strategies for responsible sourcing is accessing reliable and current data and analysis, according to The Dragonfly Initiative CEO, Assheton Carter. So his group, which is a service advisory firm supporting businesses in the raw materials value chain, released a study on July 12 to provide the data.

Strategic sourcing enters a new age. Are you keeping up? (Part 1)

ivalua

Since its inception in the late 1980s, strategic sourcing has always been about getting the best value for the goods and services purchased from third party suppliers. Strategic sourcing requires an intense focus on the total cost of ownership, while incorporating customer needs, organizational goals, and market conditions. Done well, strategic sourcing creates measurable and sustainable shareholder value by contributing to top line growth and bottom line profitability.

Strategic sourcing enters a new age. Are you keeping up? (Part 2)

ivalua

In last week’s blog , I began discussing telltale signs that you have entered the new age of strategic sourcing. Leading manufacturers have proven that best-in-class strategic sourcing can create measurable and sustainable shareholder value by contributing to top line growth and bottom line profitability. Improving costs remains a core competency for any sourcing organization. Strategic Sourcing Requires Collaborative Working Arrangements with Key Suppliers.

Sourcing Offices: a shift of paradigm

KEPLER Consulting

Over last decade, sourcing offices became a major piece within globalized footprint of western retailers. After a first era of development and opportunity catch up particularly positive and characterized by consistent purchasing gains , most of these Sourcing Offices are now searching for their second breath. Back to the origins, the Sourcing Offices have been developed by retailers for two main reasons: #1 Gather demands coming from various entities within a same group.

Grouped or Kit Fulfilment

Claritum

Grouped item fulfilment against a sales order is a common challenge across many sectors. Grouped Item Fulfilment. It is often the case, that manual processes are used for grouped item purchases. Effectively Automating Grouped Item Fulfilment. Introduction.

Getting Through the COVID-19 Crisis: Advice for Supply Chain and Logistics Professionals

Talking Logistics

Global Trade Industry Trends Supply Chain Risk Management coronavirus COVID-19 Descartes Systems Group global sourcing logistics supply chainBack in December, when we were making supply chain and logistics predictions for 2020, none of us envisioned the situation the world finds itself in today due to the COVID-19 pandemic. When it’s all said and done, there will be many lessons learned, but the question right now is: How can supply chain and logistics.

What Does It Take To Make Sourcing Truly Strategic?

USC Consulting Group

Marketplace pressures have forced procurement professionals to abandon traditional sourcing practices and implement more responsive strategies designed to promote organizational efficiency, agility and flexibility for growth, not to mention cost reductions. For businesses on the outside looking in, it might be difficult to understand how strategic sourcing differs from other long-established procurement practices. The post What Does It Take To Make Sourcing Truly Strategic?

Why Strategic Sourcing and Supplier Management Can Make or Break Your Customer Experience

ivalua

However, few manufacturers ever sit back and ask, “How can our procurement or strategic sourcing initiatives contribute to the overall customer experience?” I would argue that, if you’re in manufacturing, strategic sourcing is the first place to start shaping the customer journey. In manufacturing, it is the strategic sourcing group that finds the best component parts for new product introductions. This problem appears to be the result of sourcing choices.

Be more Strategic about Your Supply Chain Sourcing

CH Robinson Transportfolio

A strategic approach to sourcing what you need to keep your business moving can help avoid disruptions and stay competitive in today’s competitive market. A strategic approach to obtaining what you need to keep your business and products moving—whether you’re sourcing raw materials, manufactured accessories, or transportation capacity—can help avoid unforeseen disruptions and create a competitive advantage in today’s changing market.

Sorting out Risk in FinTech Source Chains

NC State SCRC

But emerging technology is now beginning to create new ways to think about sourcing risk, which in the past has been a very manual, encumbered process. This has caused banks to look at the flow of activities in the “source chain”, which refers to the way that third parties use bank data for different opreations. Today, this end to end sourcing process has literally hundreds of different steps in the process. Let’s examine the source chain in more detail.

Energy efficiency: Are fossil fuels or renewables the more reliable source?

USC Consulting Group

By just about every measure, natural resources such as these are significantly more efficient than legacy sources like coal, natural gas and oil. “Which energy source gets you the most power delivery for your investment dollar? ” It raises an interesting question, however: Which energy source is the most efficient of them all? Germany is hoping that by 2030, approximately two-thirds of its energy will derive from sources like wind and solar.

BidMode to join the EC Sourcing Family

EC Sourcing Group

October 13, 2020 / EC Sourcing Group, a leading global provider of SaaS sourcing technology solutions, has announced its acquisition of procurement solution provider, BidMode, with full terms of the merger remaining confidential. About EC Sourcing Group.

The Access Group acquires Unleashed Software to expand its global presence and potential in manufacturing, wholesale and distribution markets

Unleashed

The Access Group today announced the acquisition of Unleashed, a New Zealand headquartered organisation offering best-practice inventory management software for the manufacturing, wholesale and distribution markets across Australasia, the UK, US and EMEA. ” About The Access Group.

Supplier Management and Sourcing in the Fashion Industry – Under the Spotlight

Jaggaer

More than virtually any other sector, sourcing and supplier management in the fashion industry have been exposed to intense scrutiny in recent years, while the functions have become of increasingly strategic importance to business success. For some, this means launching new collections several times a year, in direct competition with many other brands, which are often within the same corporate group.

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Your Guide to Procurement and Sourcing Software

EC Sourcing Group

Then, better computing and the Internet came along with the most basic types of procurement sourcing software , perhaps the first and most flexible: spreadsheets. Procurement and Sourcing Software Types . What are the Benefits of Procurement and Sourcing Software ?

PRO Point of View: Pascale de Felix, Global Sourcing Director – Methods, Tools & Responsible Sourcing at the Bel Group

EcoVadis

Following Mathilde Goussault de Bonduelle and Thibault de Montrion d’Orange, we now have a portrait of Pascale de Felix from the Bel Group. Global Sourcing Director – Methods, Tools & Responsible Sourcing (Bel Group). She is the Global Sourcing Director – Methods, Tools & Responsible Sourcing, and she has 10 years of experience in Responsible Purchasing. The Bel Group has been a member of AIM-Progress since 2016.

Unpacking Sourcing Business Models: 21st Century Solutions for Sourcing Services

Supply Chain 24/7

This white paper is a collaborative effort among the University of Tennessee, the Sourcing Industry Group, the Center for Outsourcing Research and Education, the International Association for Contracts and Commercial Management, and was the inspiration for the 2015 book, Strategic Sourcing in the New Economy: Harnessing the Potential of Sourcing Business Models in Modern Procurement

Do You Have a Proactive Supply Chain Design or a Reactive One?

Talking Logistics

While the Greenfield optimization approach doesn’t consider aspects like building capacities, inbound costs, transportation, or sourcing policies, it does offer a smart recommendation for the optimal amount and placement of your distribution centers. Eric Robinson is a Senior Project Engineers at Kenco Group. 3PL Guest Commentary Guest Commentary - Kenco Group Supply Chain Risk Management Kenco Group supply chain design

SIG Webinar on Procurement Analytics and Innovative Data Leveraging

Supply Chain View from the Field

I will be leading a webinar with the Sourcing Interest Group next Nov. In particular, there is a noticeable gap between procurement executives’ explicit intentions of driving value for the business, and documented results as they pertain to improved engagement with internal business groups, ability to drive innovative analytical tools, and the resulting gap in alignment with business strategy. 12 at 2 PM, based on a study I have been working on with some folks at IBM.

Supply Chain Visibility: An Important Piece of the Logistics Puzzle

Talking Logistics

By integrating your Supply Chain Execution (SCE) systems and integrating with your customers to connect different data sources together, you can create reports and dashboards with real-time data. Steve Hitchings, Senior Vice President of IT at Kenco Group. 3PL Guest Commentary Guest Commentary - Kenco Group Supply Chain Technology Trends business intelligence collaboration Kenco Group supply chain visibility WMS YMS

The Next Great Disruption Coming to Supply Chains

Kinaxis

I watched a TED Talk video by Philip Evans, from Boston Consulting Group and shuddered to think that all our traditional fulfillment and inventory models can be drastically transformed by the “consumer”. Consumers used multiple devices, internet of things, etc, to check FGI (finished goods inventory) /sub-assembly and raw inventories, build plans, and sourcing options, as they are considering a purchase! They want to assure the sourcing meets their “sustainable” expectations.

Built for Yesterday’s Consumer: The Demise of Malls and Traditional Distribution Networks

Talking Logistics

According to CoStar Group, a provider of commercial real estate information, the number of malls with vacancy rates greater than 40 percent — which generally means the mall is in “a death spiral” — has increased from less than 0.5 Data Sources: “The Economics (and Nostalgia) of Dead Malls” (New York Times) and “America’s Shopping Malls Are Dying A Slow, Ugly Death (Business Insider).

Oil & Gas Companies Focus on Eliminating Supply Chain Waste

Talking Logistics

Source: “The Future of Natural Gas: An Interdisciplinary MIT Study,” [link]. In a recent webcast titled Critical Transportation Challenges in the Oil, Gas, and Petrochemical Supply Chain , Florian Dussler (VP of Americas at TRANSPOREON Group ) and I discuss this topic in more detail, including the core TMS capabilities companies should look for in a solution to begin their journey up the maturity curve: Procurement. “Past performance is no guarantee of future results.”.

Parts Are Not Parts

Supply Chain Shaman

A slight change within a function–in sourcing or manufacturing, or along the chain–can greatly impact the outcomes of cost, customer service, or working capital. Let’s take a closer look at sourcing. The more planners and the greater the sourcing complexity, the larger the issues requiring a new level of decision support for operations planning. How do purchases from multiple material planners affect sourcing schedules from a supplier?

How to Get Your Purchasing Group Out of Chaos Mode

EC Sourcing Group

Driving efficiency in sourcing and supplier management are common goals in purchasing and procurement. What would be the impact on profits if your group could enhance: Visibility Analytics Knowledge Retention Communication Efficiency. Sourcing tools that contain all the bids data inside each bid dynamically increase analysis speed. Sourcing tools eliminate the problem caused by a lack of documentation. A sourcing platform can be in place in weeks not months or years.

Hub Group acquires Exel Transportation Services

Supply Chain Network

Hub Group, Inc. ETS is now a wholly-owned subsidiary of Hub Group, operating independently under the name Mode Transportation. “We are extremely pleased to welcome Mode’s Independent Business Owners (IBOs), employees, and customers into the Hub Group family,” said David Yeager, Hub Group Chairman and Chief Executive Officer. Hub Group will hold a conference call at 9:00 a.m. ABOUT HUB GROUP: Hub Group, Inc. SOURCE Hub Group, Inc.

How Many Slaves Are in Your Supply Chain?

Talking Logistics

Coincidentally, at the Ariba LIVE 2013 conference yesterday, I attended a presentation by Justin Dillon, Founder and CEO of Made in a Free World , a nonprofit group that is “building a coalition of consumers, businesses, and governments to disrupt the system of slavery.” The group plans to publish the results of the talks in May.”.