This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Access to Unique Process and Asset Capabilities: Some suppliers offer unique skills, technologies, or processes that are not available in-house or through other sources. For instance, suppliers may have strong Vendor Management process expertise that will help reduce working capital.
Resilinc made a powerful impact at ISM World 2025—highlighting how AI-driven foresight and financial risk intelligence can transform reactive supplychains into strategic assets. Financial Health Ratings dropped from Medium to High Risk for suppliers in just three months in a tariff simulation exercise.
The manufacturing sector is facing unprecedented volatility in global trade, with tariffs becoming the latest in a series of uncertainty drivers that are impacting virtually all industries. Manufacturing plants are deeply entrenched; tied to infrastructure, suppliers, skilled labor, and regulatory requirements.
Fragmented systems, rising cost pressures, and shifting risk profiles are making it harder than ever to manageprocurement effectively. But what does it actually take to regain control and build a procurement strategy that’s both resilient and scalable? How do you begin developing a procurement strategy?
For years, supplychains were engineered to be lean. Reducing cost was the primary objective, and most operational decisionsfrom sourcing to fulfillmentreflected that mindset. Recent years have brought a series of disruptions that exposed vulnerabilities in how supplychains are designed.
Procurement and supplychainmanagement are often used interchangeably—but in practice, the lines between them can blur in ways that create real friction. Misaligned priorities, siloed systems, and unclear ownership can directly impact key performance indicators like cost savings percentage and procurement cycle time.
Disruption has been the name of the game for more than a year as supplychain leaders have been dealing with changing buyer behaviors, inventorymanagement challenges, labor shortages, weather and pandemic-related uncertainty, cyber security threats and capacity constraints that continue to create significant supplychain volatility.
by John Westerveld Reason #5: Not having a supplychainriskmanagement process. Over the years, working for and with numerous manufacturing companies, I’ve seen many supplychain practices that cost companies money. If your demand decreases, you have excess inventory or idle capacity.
states, obvious disruptions to supplychains and supplychainriskmanagement were a given. Many of the states affected contained key ports and supply destinations, as well as transportation and logistics hubs. This involved in some cases, diverting some inventory bound for other regions.
Considering operational supplychain issues around the globe. Customer service, parts shortages, unprecedented inventory growth, and warrant management can actually take up internal sources and affect profit margins. Source: Vietnam Briefing. As Vietnam expands as a manufacturing hub, it relies on imports.
Ivalua Blog [ivory-search] Weathering Future Disruptions: 8 Steps to Building SupplyChain 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. Why is visibility so important?
I watched a TED Talk video by Philip Evans, from Boston Consulting Group and shuddered to think that all our traditional fulfillment and inventory models can be drastically transformed by the “consumer”. As a supplychain practitioner, do you notice something missing? Where is the supplychain nodes?
by John Westerveld Over the years, working for and with numerous manufacturing companies, I’ve seen many supplychain practices that cost companies money. Reason #3 Not having end-to-end supplychain visibility. Reason #4 Making key decisions by modelling the supplychain in Excel. and it didn’t leak.
Managing exceptional risks requires insights and visibility of key information – this gives you the ability to minimize the impact of these unexpected, yet huge disruptions. It is a necessary part of supplychainriskmanagement. But what are the characteristics of a resilient supplychain?
Raising interest rates leads to manufacturers deciding to forego capital investments; construction slowing down; declining sales of white goods, cars and trucks; and pressure on banks. This is an 80% drop year on year drop. When the Federal Reserve (the Fed) believes inflation is too high, they raise interest rates.
Do you ever get confused when people use the terms supplychainriskmanagement (SCRM) and supplychain resilience? It’s common to hear industry practitioners, stakeholders, solution providers, and analysts use these terms interchangeably; for example, an SCRM program and a supplychain resilience program.
Not surprisingly a company this big, delivering different solutions to a variety of industries, has a complex supplychain. They source from approximately 15,000 suppliers with a sourcing spend of over €7 billion. For some customers, they manage the inventory using a vendor managedinventory program.
Sajid Kunnummal, Vice President and CPO at Navistar, was interviewed in late 2020 by Philip Ideson from Art of Procurement. When the crisis hit, Procurement as a function was suddenly in the hot seat, and it became the driving force for business continuity. Why is visibility so important?
Discover how Resilincs agentic supplychainriskmanagement is transforming disruption response with AI-powered supplychainrisk solutions built for speed, scale, and compliance. What modern supplychains need isnt just more datathey need intelligent action.
Zhongron supplies aluminum alloy wheel hubs to another company, Citic Dicastal Wheel Manufacturing Co., The post GM Supplier Factory Explosion: Thoughts on SupplyChain Visibility and Responsibility appeared first on Talking Logistics with Adrian Gonzalez. which is a supplier to General Motors (GM).
Over the past two years, I’ve written extensively about the growing importance of supplychainriskmanagement and supplychain mapping. See for example: Rethinking SupplyChainRiskManagement. Doing Nothing on SupplyChainRiskManagement.
Industry professionals have put in tireless hours and taken strategic measures to keep the supplychain moving and meet customer demand. Such measures include communicating with suppliers and customers , using demand shaping to overcome inventory shortages, seeking additional suppliers, and building more onshore facilities.
by John Westerveld Over the years, working for and with numerous manufacturing companies, I’ve seen many supplychain practices that cost companies money. Reason #3 Not having end-to-end supplychain visibility. Reason #4 Making key decisions by modelling the supplychain in Excel.
Over the years, working for and with numerous manufacturing companies, I’ve seen many supplychain practices that cost companies money. Reason #3 Not having end-to-end supplychain visibility. Reason #4 Making key decisions by modelling the supplychain in Excel. On Hand Inventory quantity/status.
In this video hear, Gary Dietz, Manager, Global Logistics and Supply Integrated SupplyChain and Logistics, Kennametal, as he discusses the challenges his company faces in gaining full visibility of supply and demand, and in dealing with increasing supplychain volatility.
Over the years, working for and with numerous manufacturing companies, I’ve seen many supplychain practices that cost companies money. Reason #3 Not having end-to-end supplychain visibility. Reason #4 Making key decisions by modelling the supplychain in Excel. by John Westerveld.
The SupplyChain Matters blog provides commentary relative to July’s global manufacturing PMI indices relative to data indicating declining momentum, and some contraction among specific global regions. Morgan Global Manufacturing PMI® report, a composite index produced by J.P. Global Wide Production Activity. slipping 2.3
Unfortunately, most supplychain executives and their teams focus predominantly on just two factors, the tradeoffs between cost and service, with risk rarely entering the conversation — until a disruption occurs and then everyone goes into panic mode. And the first step is asking “What are the risks?”
Heres your guide to NDAA for aerospace and defense supply chainsand how Resilincs aerospace and defense supplychainriskmanagement solutions can help you navigate these changes. It covers everything from funding for defense programs to weapons procurement and national security initiatives.
Supplychain disruptions are continuing to occur for a variety of reasons. Weather delays can affect shipping lanes, manufacturers face product shortages, demand continues to spike for certain products, containers are difficult to acquire, and the trucking industry faces a driver and capacity shortage, just to name a few.
In countless surveys over the past decade, manufacturers and retailers rank “improving supplychain visibility” as one of their top priorities. Yet, despite their focus on this effort and advancements in technology, achieving timely, accurate, and complete supplychain visibility remains an elusive goal for many companies.
Many supplier offerings lack an appropriate emphasis on cybersecurity, or they leave cybersecurity up to the end user, as a layer to be put on top of the system that is being purchased. Other basic foundational tasks for setting up a good cybersecurity program include doing a good asset inventory.
What is supplychainriskmanagement? Supplychainriskmanagement is the process of identifying and managing issues within a supplychain. ordinated approach to implementing strategies to manage both daily challenges and unique risks.
In order to accelerate the learning, this article has gathered 20+ most sought-after supplychain case studies, analyzed/categorized them by industry and the findings are presented. Moreover, the aircraft manufacturers have to do whatever it takes to win the order long before the commencement of production.
Learn the supplychainriskmanagement maturity model stages from Supplier RiskManagement to antifragility. The way that businesses talk about (and manage) supplychains is changing rapidly. Supplier RiskManagement What is Supplier RiskManagement (SRM)?
That stated, in certain regions such as across Europe and China , the year continues to present economic and manufacturing challenges. Shipping lines again managed to extract added spot rates and surcharges which have impacted business transportation budgets. Global wide manufacturing activity levels as measured by the J.P.
Everything from contrast dye, to tubing, to medical devices with embedded semiconductor chips would suddenly become difficult to source. Buying organizations use this technology to monitor and analyze supplier risk events in real-time. A customer of the risk solutions begins by listing key suppliers.
Oil prices jumped, with Brent rising above $105 a barrel for the first time since 2014, after Russia’s attack on Ukraine exacerbated concerns about disruptions to global energy supply. Global oil supplies remain tight as demand recovers from pandemic lows. But if the supply is totally cut off, the impacts will be dire.
If cost reduction is not the only thing to measuring supplychain performance, that begs the questions: "Maybe we should be measuring other SupplyChainManagement activities and what would they be?". Inventory measurement is critical and it is money after all in that it took a capital expense to procure.
based TC-99m generator manufacturers and their known customers. based TC-99m generator manufacturers and their known TC-99m customers over the last five years, via DDIQ Analytics. and Belgium-based National Institute for Radioelements — source Mo-99 from the HFR Reactor. Number of radiopharmaceutical U.S. LLC (the U.S.
By sharing information such as demand forecasts, inventory levels, production plans, and lead times, you can minimize uncertainty and variability in the supplychain, allowing for more accurate and timely decision-making. It can map specific parts with manufacturing processes and determine their chemical composition, if needed.
To stay ahead of the curve, industry leaders are turning to data-driven strategies and artificial intelligence (AI) to transform how they manageinventory, forecast demand, and optimize the entire spare parts lifecycle. This lack of transparency hampers accurate demand forecasting, procurement efficiency, and inventory optimization.
Subscribe to SupplyChain Game Changer. SupplyChainRiskManagement is a Cirque Du Soleil Calibre Act! In today’s world, supplychains are more important than ever. In fact, 89% of businesses encountered a supplier risk event in the last five years. Manufacturing.
Sajid Kunnummal, Vice President and CPO at Navistar, was interviewed by Philip Ideson from Art of Procurement to discuss the impact of the Covid-19 pandemic on Procurement. When the crisis hit, Procurement as a function was suddenly in the hot seat, and it became the driving force for business continuity.
We organize all of the trending information in your field so you don't have to. Join 102,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content