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 decisions can complicate or simplify this process.

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

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.

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.

Removing the 3 Barriers to Building a Predictive Supply Chain

industry? $15-$20 industry-tailored machine learning, enterprises can finally make use of their. An analog approach in a digital world: While the shipping industry has. to be unlocked and harnessed by industry-tailored machine learning and. on deep industry expertise.

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? in this case, responsible sourcing. Source Smarter. Source: Purina.

Let’s Talk About Global Sourcing

Amber Road

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). China Trade Management Global Sourcing Events Supplier & Product Traceability

Understanding the Importance of Strategic Sourcing

USC Consulting Group

Sourcing is a key component of your Supply Chain – perhaps the most important part. That’s where Strategic Sourcing comes into play. Are you getting the most out of your current sourcing vendor relationships? An important lever for modern organizations.

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. Knowing the source of ingredients will only continue to increase in importance as market demands grow.

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. The processes and strategies driving supply chain management success are evolving and strategic sourcing is being redefined.

The 4 Stages of Supply Chain Analytics

Digital transformation is now a central theme in the industry. breaking news, but it is new for the industry. that supply chain is moving through as the industry strives to leverage data. 2, and small pockets in the industry are beginning to build towards stage 3.

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. The post What’s shaping the steel industry today?

Local Sourcing, Global Supply Chain

BluJay Solutions

Yet the company is at pains to make it clear this is part of a global operations strategy, with devices continuing to be assembled in China and Brazil and components presumably continuing to be sourced from emerging markets based on cost and quality.

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

Food Industry Delivery Trends!

Supply Chain Game Changer

Third-party delivery continues to grow as its usage increases across the restaurant and grocery industries. and are driving massive changes in the food delivery industry. The post Food Industry Delivery Trends! Subscribe Here! Email Address.

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End to End Supply Chain Visibility - Solving The Data Problem

simply seeing information in one place, aggregating data from multiple sources. decades yet everybody in the industry is. 1DIGITAL TRANSFORMATION, END-TO-END VISIBILITY, AND. THE "DATA PROBLEM". Given the macroeconomic cl imate and the. Amazon effect," many companies are.

Global Sourcing and Human Rights Go Hand in Hand

NC State SCRC

Low-cost country (LCC) sourcing is now a commonplace strategy for shrinking bottom line labor and material costs in most consumer products industries, including apparel, footwear, toys, and other manufactured products.

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

Inventory Management in Service Logistics Industry

Talking Logistics

Not really because each industry is different, and so are organizations within the same industry and even different divisions within the same organization have their own unique drivers and constraints. Hence following so-called industry trends may not always yield targeted results.

The Industrial Revolution – From Industry 1.0 to Industry 5.0!

Supply Chain Game Changer

The history of Industry 4.0 tracks the manufacturing industry from the industrial revolution to the digital transformation and beyond. Each new stage represents a revolution in the manufacturing process that has changed the way we think about and work in the industry.

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.

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!

[INFOGRAPHIC] Industry 4.0: Powered by the Internet of Things & Digital Manufacturing

Cerasis

also referred to as the Fourth Industrial Revolution. In today’s post we will talk about what is Industry 4.0, Industry 4.0: The Fourth Industrial Revolution. So what is “industry 4.0?” According to Accenture, they define Industry 4.0

Industry 4.0 getting whipped

Supply Chain Movement

The Schrödinger’s cat metaphor is surprisingly apt when thinking about supply chain’s evolution to Industry 4.0. In our utopian Industry 4.0 Eliminating the Bullwhip Effect is the essence of what Industry 4.0 My hope is that as Industry 4.0 The vision for Industry 4.0

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.

Private Blockchains Could Hurt the Shipping and Logistics Industry

Shipchain

Some companies are even hopping on the “blockchain bandwagon” without considering whether it’s actually useful in their industry. In the shipping and logistics industry, enterprises are already beginning to realize that private blockchains are simply not the solution they’ve been sold.

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. A sourcing agency will typically do one of the following roles: A.

2019 Transportation Industry Trends

GTG Technology Group

6 Transportation Industry Trends to Look for in 2019. New opportunities in the transportation industry are thriving. Transportation professionals seeking to stay on top of trends in the industry look to implementing these trends. Disruption of Transportation Industry.

5 Alternative Fuels that Will Reenergize the Transportation Industry

Kuebix

The transportation industry relies heavily on diesel to help it successfully transport products from manufacturers to consumers via trucks worldwide. The post 5 Alternative Fuels that Will Reenergize the Transportation Industry appeared first on Kuebix.

Is the 3PL Industry Becoming Barbell Shaped?

Talking Logistics

Looking at the numbers and recent news, investors are betting big on the future of the logistics industry. Robinson and XPO Logistics (Source: quotes.wsj.com). Source: Adelante SCM. Post a comment and share your perspective on what’s happening in the 3PL industry today!

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5 Future Applications of the Industrial Internet of Things in Manufacturing & Logistics

Cerasis

Manufacturers are set to invest up to $70 billion in the Industrial Internet of Things ( IIoT ) by 2020, reports John Greenough of Business Insider. Previous Applications of the Industrial Internet of Things in Manufacturing. Growth of the Industrial Internet of Things Continues.

How Transportation Management Technology & Regulations Impacted the Logistics Industry

Cerasis

Department of Transportation (DOT) could continue providing and managing the Highway Trust Fund, coordinate freight advisory committees with state freight planners or request extensions or additional sources of funding under the FAST Act.

Want to be a Strategic Sourcing Rising Star? Think New Products.

ivalua

If you happen to be a strategic sourcing professional within the manufacturing industry, you probably are experiencing many challenging days at the office. And this is exactly where sourcing and supply chain professionals can make a name for themselves.

Data, Cognitive Technology, and Industry 4.0

Enterra Insights

There is continued buzz about Industry 4.0 — the nickname adopted for the ongoing fourth industrial revolution. Anant Kale ( @anantkale ), Co-Founder and CEO of AppZen, explains, “The first industrial revolution mechanized production using steam power, the second gave us the assembly line for mass production, and the third industrial revolution gave us advanced automation using IT and electronics. 1] One element of Industry 4.0

Data 100

Andrew Cox’s “Sourcing Portfolio Analysis”: More of the Same

Supply Chain View from the Field

Against the many new articles and books being produced on the changing face of procurement and the importance of value creation and collaboration, Andrew Cox’s new book “Sourcing Portfolio Analysis” came out earlier this year. The book is essentially a series of prescriptive 2 X 2 and 8 X 8 matrices that establish different typologies for supplier segmentation, that ostensibly can lead to improved sourcing outcomes.

Industry 4.0 and the Long Game

Enterra Insights

He explains, “Besieged by bright shiny objects of Industry 4.0, ” The short and long Industry 4.0 “Not since the end of the Great Depression has the manufacturing industry seen a talent shortage like we’re experiencing now,” Vazeos writes. Most analysts agree organizations born in the industrial age need to transform into digital enterprises if they are going to succeed in the digital age. ” Cognitive technologies and Industry 4.0.

Digital Transformation: An Imperative for Industrial Manufacturing in 2017

Cerasis

Are industrial manufacturers seizing all the opportunities of a more digital world? Let’s take a look at four reasons why digital transformation is an imperative in 2017 for industrial manufacturers: 1. The industrial internet of things (IIoT) has exponentially increased the amount of data produced. Part of a digital transformation needs to be creating processes and empowering employees to transform the data coming from various sources into actionable insights.