Is the industrialized world overly dependent on sourcing from Chinese?

All Things Supply Chain

As Sophie Kersgens wrote for ATSC earlier this month, “As the world’s leading exporter and one of the fastest growing economies, China is a decisive business factor for companies all… General Supply Chain Management automotive supply chain coronavirus supply chain management supply chain sourcing

Is Single Sourcing, or Sole Sourcing, Dead?

Supply Chain Game Changer

In many cases the use of single sourcing, or sole sourcing, Procurement strategies has limited the ability for Supply Chains to access alternate sources of supply and more rapidly support higher than normal demand levels. As we progress through and past the pandemic, is it time for Procurement to adopt parallel Supply Chain strategies, such as dual sourcing, and limit or abandon single sourcing and sole sourcing? What is Single Sourcing or Sole Sourcing?

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Best-Cost vs. Least-Cost Sourcing

Talking Logistics

A month later, Walmart announced that it will increase its sourcing of US products by $50 billion over the next 10 years. Kevin discusses three factors that are helping to drive the reshoring trend, but the one that caught my attention the most was how companies are shifting their focus from least-cost sourcing to best-cost sourcing. One is the thought process around best-cost sourcing versus least-cost sourcing.

Make Freight Sourcing More Efficient!

Supply Chain Game Changer

Freight sourcing team article and permission to publish here provided by Katharine Barrios at xeneta.com. Freight sourcing and procurement is a critical component of the whole supply chain and is crucial to the success of the business. In order to achieve maximum efficiency in freight sourcing and procurement, you need a strong team to handle the requirements. These are the must-haves for any effective freight sourcing team. The shipping industry is fragile in nature.

Research in Focus: Sourcing Trends and Concerns

Talking Logistics

Below is an excerpt from a report published recently by Amber Road and the American Association of Exporters and Importers (AAEI) titled “ The Trade Trends Report: 2017 Report on Sourcing, Trade, and e-commerce.” Sourcing is the heart of today’s global supply chains, and decisions made on sourcing impact everything from transportation and shipping costs, to both social and regulatory compliance concerns. Sourcing decisions can complicate or simplify this process.

Open Source Helps SMBs with B2B

Descartes

Thanks to open source, B2Bs can now address back office functions. Open source can make all the difference for SMBs to satisfy both their suppliers and customers. In order to thrive in eCommerce, they need an open source B2B commerce platform. Thus, it is imperative for sellers in any industry to offer ease of use and navigation. From a technology standpoint, an open source eCommerce platform is the best option for SMBs.

Pacific Drilling Selects Consus & Ivalua to Drive Sourcing Best Practices Globally

ivalua

New York, NY April 2, 2019 – Consus Global , a leading Procurement services provider and Ivalua, the leading global Spend Management Cloud provider, today announced that Pacific Drilling , a deep water drilling company based in Houston, has selected Consus’ services in conjunction with Ivalua’s Sourcing platform to achieve cost savings and drive transparency across their sourcing operations. Sourcing consus global e-sourcing source to pay sourcing

Current State of International Transportation Industry – LogiSYM October/November 2020

The Logistics & Supply Chain Management Society

Monopolistic supply is extremely rare, especially in the freight industry where service providers have varying strengths in the different markets. A single source of truth, with fair, trusted and a tamper-proof information flow. What TRAMES Aims to Tackle.

How transparency in the supply chain leads to sustainable sourcing

Pivot88

According to McKinsey’s 2019 chief purchasing officer (CPO) survey, sustainable sourcing at scale is the fashion industry’s new must-have. Where do they source their products? The post How transparency in the supply chain leads to sustainable sourcing appeared first on Pivot88.

USMCA and the Role of Cognitive Sourcing

LevaData

GlobalAutoIndustry.com interviewed LevaData's Richard Barnett on the impact of the USMCA on the automotive industry. The results of our survey of leaders in the industry are put into the context of the legislation and its terms.

Stronger together – Will competing Fieldbus ever evolve into an open-source architecture?

IT Supply Chain

The post Stronger together – Will competing Fieldbus ever evolve into an open-source architecture? Industry TalkBy Neil Ballinger (pictured). Head of EMEA at EU Automation. appeared first on IT Supply Chain.

What is Industrial Symbiosis?

DynaSys

Industrial Symbiosis is a phrase not often used, if ever, in supply chain circles. So what is Industrial Symbiosis? When an individual supply chain is managed in isolation, the opportunities to minimize waste by improved product design and material sourcing are very limited.

The Top 5 Reasons You Need a Transportation Sourcing Solution

Talking Logistics

However, if your role is managing the movement of widgets from point A to point B, or multiple points, the freight procurement task before you can be labor intensive and time consuming — unless you use a technology solution specifically designed for transportation sourcing. Here are the top five reasons you need a transportation sourcing solution: 1. Freight sourcing is as unique and complex as the transportation industry itself.

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.

White Paper: Strategic Sourcing in the Aviation Industry – How to Increase and Accelerate Savings

Bristlecone

In aviation, strategic sourcing can reduce the cost and fix the nuts and bolts of existing processes with the help of a well-performing sourcing team. Actions that Improve Aviation Industry Procurement Performance . Low-Cost Country Sourcing. This white paper explores why strategic sourcing is critical in the aviation industry and how it enables airlines and airline services providers to compete in a global market where margin for error is extremely low.

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. Thus, co-operatives focused around REEs as a national security and economic policy should be set up to utilize the byproduct feedstock of the fertilizer industry. He is a frequent contributor to industry forums, publications, and blogs.

Update on the Automotive Industry

Logistics Trends and Insights

The automotive industry has undergone quite the transformation from the days of Henry Ford and the Model T. With that, the industry is facing a number of challenges ahead, including a shift toward electric cars, tech embracement, plant closures—and now recovery from the coronavirus outbreak for automakers with supply chains reliant on Chinese production. These consumer-driven changes will require the industry to restructure itself in terms of volume, scale, and complexity.

Responsible Sourcing! Making Sustainability Happen for Real!

Supply Chain Game Changer

Sustainability is created at the source of our products, services, and consumption. Sustainability is created from Responsible Sourcing. How can you make Responsible Sourcing a Reality? If you can excite the people around you about sourcing responsibly, chances are you’ll be able to formulate a network of internal champions. in this case, responsible sourcing. Source Smarter. Source: Purina. Source: Nestlé. procurement #sourcing #purchasing.

Understanding the Importance of Strategic Sourcing

USC Consulting Group

Sourcing is a key component of your Supply Chain – perhaps the most important part. As companies are navigating an increasingly turbulent yet robust economic climate, businesses in manufacturing, mining and metals, food and beverage, and other industries are looking for ways to reduce raw material procurement spending and offset rising material costs. That’s where Strategic Sourcing comes into play. An important lever for modern organizations.

A Tale of Two Procurement Books: Cox’s Sourcing Portfolio Analysis (Cox) & Strategic Sourcing in the New Economy (Keith et al.)

Supply Chain View from the Field

Andrew Cox’s new book “Sourcing Portfolio Analysis” represents the more traditional “power-based” view of procurement. The book relies on a series of prescriptive two by two matrices, that are further segmented into eight by eight matrices, that establish different typologies for supplier segmentation, The application of these frameworks to the universe of buyer-seller relationships I proposed (ostensibly) to lead to improved sourcing outcomes…for the buyer!

What’s shaping the steel industry today?

DELMIA Quintiq

In recent years, the steel industry has seen creative solutions to long-standing challenges, emerging technologies, and niche market explorations – all of which are changing this traditionally conservative industry. Here, he talked about key trends and challenges that are shaping the industry today. What are some of the current economic trends in the global steel industry? Which emerging technology and innovations are driving today’s steel industry and why?

Universal Supply Chain Misconceptions or “Global Sourcing Lies”

ivalua

In a recent Sourcing Journal Online article, Sourcing is Hard , Mike Todaro, managing director of the Americas Apparel Producers’ Network, quotes Barbara Zeins, an industry expert that published a short list of “9 Big FAT Garment Lies,” which we might as well call “Global Sourcing Lies,” more generally. Her list of supply chain lies, which are re-quoted here, is nearly universal to all industries. Blog Strategic Sourcing Supply Chain

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

A new report assesses the importance of 37 materials to these industries and evaluates environmental, social and governance risks. 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.

Responsible sourcing and palm oil – a #ProvenanceLive recap

Provenance

We wanted to get a better understanding of where it comes from, how it’s farmed and what options are available to the cosmetics and food industries to have a more positive impact. Aim to source 100% certified RSPO (Roundtable on Sustainable Palm Oil). Sourcing palm oil responsibly and sustainably is nuanced and can be complex. As you work towards 100% of your sourcing being certified, engage with the debate and industry best practices to inform a clear policy and strategy.

Podcast: Rob O’Byrne on Digital Transformation, Sustainability, and Diversification in Sourcing

Requis

Sourcing has probably been the biggest thing over the last decade or two, coupled with that reduction in local manufacturing of course. Sourcing is now predominantly overseas: China is one of the big sourcing countries of course, along with India, Pakistan and Bangladesh, Vietnam and Thailand.

Customer Service: The Source of Supply Chain Innovation

The Logistics of Logistics

Customer Service: The Source of Supply Chain Innovation. In December’s issue of InBound, editor Keith Biondi cited customer service as the source for supply chain innovation. And the logistics industry has countless IT solutions. Customer Service: The Real Source of SCM Innovation. The post Customer Service: The Source of Supply Chain Innovation appeared first on The Logistics of Logistics.

Proving sustainably-sourced ingredients in health and wellness foods

Provenance

Food brands have always recognised the importance of sourcing the right ingredients. Communicating sustainable sourcing at Balance Festival. In an industry that has struggled against contaminated products and lack of sourcing visibility , she wanted to prove that her honey was sustainably-sourced from family beekeepers in Bulgaria. Knowing the source of ingredients will only continue to increase in importance as market demands grow.

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. The fashion industry is also, by nature, uniquely dynamic, mercurial even. For these and many other reasons, the role of purchasing and supplier management is highly strategic in the fashion industry.

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Is AIoT the Future of Industrial Connectivity?

Enterra Insights

There is a lot of discussion about the future benefits of the Internet of Things (IoT) — sometimes called the Industrial Internet of Things (IIoT). From its most basic applications of tracking our fitness levels, to its wide-reaching potential across industries and urban planning, the growing partnership between AI and the IoT means that a smarter future could occur sooner than we think.”[1] “Enormous volumes of data processed from numerous internet-connected sources.”

Midstream Transportation Trends: The Future of Oil and Gas Industry

PLS Logistics

Despite the 2014 oil and gas price drop crisis and the rush around alternative fuel sources, the future of the oil and gas industry remains bright and has a steady pace of growth and increasing demand. More than four billion metric tons of oil and produced every day worldwide, with oilfield companies still generating the […]. Blog midstream oil and gas oil oil and gas oil and gas logistics oil and gas shipping oil and gas supply chain oil prices

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Global Sourcing and Improving Supply Chain Visibility

Supply Chain 24/7

When comparing today's retail environment with the past, it isn't surprising that the industry remains focused on improving visibility in the supply chain (again

Steering innovation: The importance of agile decision-making in the auto industry

Kinaxis

The automotive industry is in the midst of unprecedented change driven by a trifecta of emerging technology, rapidly evolving consumption preferences and dramatically shifting business landscapes. At the moment, the fast-paced release of new technologies is pulling the industry in multiple directions at once. Consumer preferences continue to shape how the automotive industry innovates, and the supply chain is also becoming a critical determinant of overall customer experience.

Five Tips on Sourcing Products From China

EMERGE App

Google a phrase like “sourcing products from China” and you’ll instantly be faced by almost 39 million results! You need to source for products to sell at wholesale prices to your retail customers. And the place to source for most, if not all, of your products is in China. This blog post doesn’t aim to be the ultimate guide to sourcing goods from China. I like to start with a broad-based search at Alibaba and Global Sources. Introduction.

Supply chain pain points in the Aerospace and Defense industry

Kinaxis

For supply chains in the aerospace and defense industry, keeping pace with original equipment manufacturers (OEMs) who are dramatically increasing production rates for components, systems and services, is a major challenge. The global defense industry is also facing new challenges, including how to grow profitably in the face of a potential market decline and how to cut costs to maintain acceptable financial performance.