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Planners are uniquely positioned with an end-to-end focus, from procurement of materials, through manufacturing and engineering, to the movement, storage, and delivery of finished products or services. Supply chain professionals use various tools, including supply chain modeling, inventory management, and forecasting.
Once upon a time, the world of manufacturing was a relatively stable place. Suddenly, managing inventory is the name of the game for companies trying to manage working capital and maximize profit while keeping customers happy. So how does a manufacturer navigate this rollercoaster?
A production plan from an IBP meeting should be considered a rough-cut long-term plan, merely the best estimation of what was likely, not something written in stone. Production, in the short term, needed to flex to meet new opportunities and unexpected constraints. This realization led to a new focus on agile planning.
In the competitive industrial landscape, efficient spare parts inventory management is crucial to maintaining seamless operations and driving profitability. Spare parts supply chains, however, come with their own set of complexities, requiring targeted strategies and specialized tools to meet these unique demands effectively.
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.
Just-in-time (JIT) inventory models, lean supplier networks, and offshore manufacturing reduced expenses but left companies exposed to disruptions. The COVID-19 pandemic and ongoing geopolitical shifts demonstrated the risks of relying on single-source suppliers and minimal inventory buffers.
In May 2025, one in seven home-purchase agreements fell through resulting in the cancellation of 56,000 purchase contracts. Supply chain was defined in 1982 as interoperability between source, make and deliver. Ask a procurement or transportation professional if they have a good demand signal and expect a laugh.
Optimizing fulfillment requires a series of steps to get a shipment from its source to the end customer. These steps include sourcing and receiving inventory, storing inventory, order processing, picking and packing an order, shipping the order, and returns management.
Global manufacturing today faces significant operational challenges. Companies that were unable to meet these challenges have been left behind (for example, in High Tech think Blackberry and Compaq). How should manufacturers adapt to meet the challenges and shift from product-centric to customer-centric operations?
Running a manufacturing business isn’t easy. You’re juggling production schedules, managing inventory, keeping an eye on finances, and making sure everything runs smoothly on the shop floor. That’s where a manufacturing ERP comes in. It’s a lot to handle. Let’s get started.
It is crucial for organizations to understand the importance of Purchase Order collaboration to effectively manage their direct spend, optimize operations, and mitigate risks. Make to Order: Here, products are manufactured based on specific customer orders.
Excess inventory weighs down supply chains. Manufacturers are shifting to on-demand production to align output with real-time demand. The Hidden Costs of Traditional Inventory Models Traditional inventory models were built for predictability. It ties up capital, wastes storage space, and risks product obsolescence.
Scaling manufacturing operations is crucial for business growth but presents unique challenges. Balancing increased demand with consistent quality and controlled costs is difficult but essential for manufacturers looking to expand. Successfully scaling manufacturing requires more than just adding resources.
By maximizing space utilization, improving inventory control , and boosting workflow efficiency, you can unlock significant cost savings and elevate your customer service game. Essential technology solutions, including Warehouse Management Systems (WMS), Inventory Management Systems (IMS), and the transformative power of IoT and automation.
An increasing lineup of advanced digital solutions have given manufacturers the edge to transform and achieve better inventory control. The manufacturing industry is constantly searching for new and inventive ways to improve inventory management. Types of inventory that can be optimized.
My definition of a network is the bi-directional information exchange of manufacturing, procurement, quality, and transportation signals across multiple tiers of trading partners in a many-to-many trading partner information exchange with minimal latency. Electronic Data Interchange (EDI) does not meet this definition.
If you’re evaluating procurement technology or exploring ways to drive more value from existing systems, chances are you’re looking beyond tactical fixes – you want a smarter, scalable strategy. Misaligned priorities across finance, legal, and procurement create friction that delays decision-making and reduces impact.
That’s the power of manufacturing data collection. Manufacturing data collection is your secret weapon for boosting efficiency, cutting waste, and staying ahead of the competition. Manufacturing data collection is your secret weapon for boosting efficiency, cutting waste, and staying ahead of the competition.
Keeping track of all your moving parts in manufacturing is a tall order. That’s where manufacturinginventory management software comes in. We’re talking real-time tracking, automated purchasing, and a whole lot less stress. Spreadsheets just don’t cut it anymore.
Thirty percent of digital transformation projects meet expectations. They emphasized being an Industry Cloud Complete Company with industry-specific solutions for over 2000 micro verticals across Process Manufacturing, Distribution, Service Industries, and Discrete Manufacturing. Infor calls this the Value Void.
On our first priority of accelerating organic growth, our full-year sales trends did not meet our expectations, driven in part by continued value-seeking orientation and weaker consumer sentiment. The range of bullwhip from the order to planned orders for manufacturing was 2.5-4.0. Outsourced manufacturing had a bullwhip of 8-9.
Trey is the Co-founder and CEO at Amplio , an Atlanta based tech firm that predicts and prevents material and parts shortage for companies in the electronic manufacturing space. Trey Closson is the Co-founder and CEO at Amplio, an Atlanta based tech firm builds supply chain resilience for electronics manufacturers. About Trey Closson.
This sector is driven by several factors, including the ageing vehicle population, the rise of e-commerce platforms , and technological advancements in vehicle manufacturing. Moreover, the proliferation of e-commerce is reshaping how aftermarket products are purchased.
It requires a streamlined, reliable supply chain, from sourcing gear and managing equipment lifecycles to ensuring a seamless student experience. Much like gyms and wellness centers, diving schools operate within the broader fitness supply chain , which impacts how they source, sell, and serve.
Introduction Inventory management is the backbone of a successful supply chain operation, but it’s often a source of persistent frustration. Mobile inventory management offers a transformative solution, providing the real-time data and streamlined workflows needed to optimize operations and gain a competitive edge.
Supply chain efficiency is the cornerstone of success and involves the effective management of processes, resources, and technologies from procurement to production, transportation to warehousing. In the automotive sector, manufacturers are simultaneously reducing inventory costs and delivery times.
Choosing the Right ERP System for Manufacturing: Key Features to Consider Enterprise Resource Planning (ERP) is a cornerstone of modern manufacturing, bringing together core business functions to improve operational efficiency. Quality Control – Manufacturers must ensure that every product meets industry and customer standards.
Table of Contents ** Minutes What is product sourcing? Where can I source products from? This makes it essential that buyers understand where they are sourcing their products from and how that ultimately affects their brand. What is product sourcing? Where can I source products from?
Peeling Back the Lid on Supply Chain World Salad In this world, where board discussions focus on eliminating waste and meeting corporate social responsibility goals, supply chain teams respond with projects like end-to-end planning, control towers, and real-time decisions. Rolling up a perpetual inventory signal takes eleven hours.
Picture this: You’re a warehouse manager, and with a few taps on your smartphone, you instantly know the exact location and quantity of every item in your inventory. That’s not science fiction—it’s the power of mobile inventory management. Ready to turn your inventory from a headache into a strategic asset?
Meeting these objectives, on top of addressing existing industry challenges, requires steel manufacturing companies to become more efficient and flexible in their operations—and this means optimizing their master production schedules. As your steel manufacturing operations transform, so too will the complexity of your planning needs.
For 58 years, food and beverage and consumer goods manufacturers have battled for dominance, from chips and wings to soda, beer, party supplies, and even aluminum foil for food storage and DIY trophies. Manufacturers that dont plan ahead will lose the game. That takes a data-driven approach to forecasting, procurement and distribution.
Medical Device manufacturers face an increasingly dynamic and intricate landscape. Innovative personalized manufacturing approaches have emerged, yet many organizations struggle to fully realize their potential in this rapidly evolving race.
Ivalua Blog [ivory-search] Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience February 8, 2023 | | Manufacturing by Doug Keeley In the face of an unprecedented global crisis, Procurement stepped up to become a crucial driving force for business continuity. Work to achieve 100% supply chain visibility.
Global supply chain disruptions continue to derail manufacturers in the high-tech, automotive, and renewable energy sectors as they grapple with long lead times, higher prices, and electronic component shortages. To mitigate risks, many companies are incorporating alternate parts into their sourcing strategy.
Paul is the Founder and Chief Strategy Officer of Verusen , a supply chain intelligence platform, purpose-built to help manufacturers streamline their MRO supply and materials management. This helps organizations reduce risk and tail spend, optimize working capital, and ensure production uptime to meet customer needs.
Supplier problems will cause a cascade of problems up and down the value stream, leading to supply order delays that cause inventory shortages, production disruptions, missed shipments and lost revenue. The study found that these leaders considered the largest gap to be between supply chain and procurement, citing it as a major issue.
Companies that previously prioritized cost-cutting and centralized sourcing quickly found themselves exposed to serious production and distribution risks. In response, many organizations have shifted toward decentralized and regionalized supply chain models, distributing production and sourcing across multiple regions.
In this scenario, by adopting an adaptive supply chain, the retailer uses real-time data analytics to identify emerging trends and collaborate closely with suppliers to quickly adjust production and inventory levels to meet customer demand. This collaboration enables faster response times and cost savings.
For months, retailers have been stockpiling massive amounts of goods to meet surging consumer demand, and compensate for ongoing supply and logistics issues. Inventory management is challenging enough in normal times. So, what is it going to take to enable better inventory management? Complete visibility into inventory.
Supply shortages, low inventory to sales ratios, and hiring lags are noted as factors at play. Data as recent as the end of June 2021 show that inventories remain below 1.3 times a month’s sales, a low for the period since January 2019 included in the chart. The increase in energy prices is also important to monitor. Final Word.
When we think about the critical requirements for a manufacturer to succeed, productivity, quality, and inventory management immediately jump to mind. But another factor can play an equally strong role in making or breaking a manufacturing business: communication. Design-Through-Manufacturing Efficiencies.
similarly, over 95% of manufacturers invested and implemented supply chain planning, but their primary tool today is Excel. Meet my terrier crew. How does the plan tie to the balanced scorecard of growth, inventory health, operating margin, customer service, and Return on Invested Capital (ROIC)? ” Does the Dog Hunt?
BOSTON – (August 25, 2022) ToolsGroup , a global leader in AI-driven retail and supply chain planning and optimization software, has been named a leader in the Quadrant Solutions SPARK Matrix™ for Global Supply Chain Inventory Optimization. Amid continuous disruption and fast-changing consumer demand, inventory agility is crucial.
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