Remove Inventory Remove Manufacturing Procurement Remove Puerto Rico Remove Strategy
article thumbnail

What About Them Apples?

Supply Chain Shaman

A shortage of pharmaceuticals in Puerto Rico. If we look back at history, 70% of companies implemented Vendor Managed Inventory (VMI), however two-decades later only 1% of companies use VMI processes to drive a better demand signal. I also worked in manufacturing during the period of 1978-1992 trying to plan demand.

article thumbnail

Supply Chain Best Practices: Preparing for the Worst

Elementum

Potential Sources of Disruption. Identifying sources of risk and developing a plan are only part of the story. Consider your suppliers' contingency planning strategy when selecting vendors, and test them regularly with different scenarios. What alternative plants/factories/sources of supply do they have at their disposal?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

ThankX Delivery Services!

Supply Chain Game Changer

What is your Strategy? In March 2020, Real Estate Investor/Tax Analyst Carlos Colon (a Philadelphia native, raised in Puerto Rico) decided to bring an idea of his to life; one which was building in his heart for a long period of time. The Creator (God) is the greatest source of energy that there is. Email Address.

article thumbnail

Supply Chain Best Practices: Preparing for the Worst

Elementum

Potential Sources of Disruption. Identifying sources of risk and developing a plan are only part of the story. Consider your suppliers' contingency planning strategy when selecting vendors, and test them regularly with different scenarios. What alternative plants/factories/sources of supply do they have at their disposal?

article thumbnail

Record High Drug Shortages in the U.S.- Same Dysfunctional Problem

Supply Chain Matters

The report points to the three major hospital group purchasing organizations (GPOs), that control around $250 billion in health purchasing, roughly 90 percent of the market that have locked in sole-source contracts without alternative choices for hospital pharmacy buyers. “ in regions such as China , India or other countries.

article thumbnail

7 Steps to Weatherproof Your Supply Chain for Extreme Weather

Resilinc

Take this example: when category 5 Hurricane Maria was approaching Puerto Rico in 2017, suppliers and critical FDA-regulated materials were threatened. With this visibility, our customers initiated a dual-sourcing effort to secure supplies ahead of time. Plan to hold extra inventory at other sites.

article thumbnail

Webinar Recap: The Case for a Pan-American Manufacturing Ecosystem

Resilinc

In the decades since, Linton and his teams at IBM, LG, Flex and other companies have driven billions in annual procurement to China and other Asian countries, helping to create the Asia-centric manufacturing supply chains of today. based manufacturers will still need a strong supply base from friendly countries.