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Integrated Supply in 2024: Three Trends Reshaping the Industry

Synovos

Integrated Supply in 2024: Three Trends Reshaping the Industry When it comes to the three biggest trends within integrated supply this year, the need for accurate data is a common thread. Contact Us The post Integrated Supply in 2024: Three Trends Reshaping the Industry appeared first on RS Integrated Supply.

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The Role of Reverse Auctions in Strategic Sourcing

EC Sourcing Group

Within the procurement of goods, there are many processes as well, such as sourcing and the role of reverse auctions in strategic sourcing. You won’t use reverse auctions all the time; in fact, they won’t be your go-to unless you work in an industry that warrants them, such as certain government or military sectors.

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The CHIPS and Science Act of 2022: What It Means for the Future of Manufacturing

ivalua

2022) Source. As of 2020, the vast majority of the world’s “advanced” chips were manufactured outside of the United States, which is a noted concern of the US military. . The Semiconductor Industry Association, the leading U.S. semiconductor industry group, estimates that the CHIPS Act will add $24.6 billion to the U.S.

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COVID Has Fundamentally Changed the Profession of Supply Chain Management

Logistics Viewpoints

It is common for pundits to look ahead and predict how an industry or profession will change. For example, the auto industry embraced risk management after the nuclear disaster at Fukushima. COVID was a Fukushima category event that applied to all industries. The changes to the profession of supply chain management are dramatic.

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The Forecasting Accuracy Bugaboo

Logistics Viewpoints

In consumer goods industries, better forecasting leads to lower fines from retailers for late or incomplete deliveries. Some suppliers of demand management software can also provide excellent forecast benchmarking for selected industries. Other external data, like industry data or economic data, is used for other types of forecasts.

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Space: The final logistics and supply chain management frontier

Kinaxis

Accessing what’s beyond our globe has become an accepted source of socio-political promotion. The space industry was born from military-related needs during and after World War II, and evolved into a commercially beneficial industry for governments and accredited companies all around the world.

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The impact of regional instabilities on the Global Supply Chain and how ERP can help

SYSPRO Smarter ERP

Now, the greatest risk they face has shifted to the regional instabilities due to military conflict and the geopolitical and economic uncertainties it has created. This latest development will exacerbate the situation for companies in many industries, particularly those which are heavily reliant on energy resources.