Remove Inventory Remove Manufacturing Remove Mexico Remove Sourcing

All Signs Point to Mexico Playing a Greater Role in Supply Chains

Talking Logistics

What do you think about Mexico? My short answer: What do your customers think about Mexico? For most 3PLs, their customers — across a variety of industries — are growing their presence in Mexico, either manufacturing there or growing their supplier base there, so 3PLs need to align their services and capabilities accordingly to the changing supply chain networks of their customers. Mexico mode…Freight moved by pipeline increased 11.4

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The Pros and Cons: International and Domestic Sourcing

Unleashed

It’s easy to oversimplify the differences between sourcing for parts locally or internationally. When considering where to purchase from, the prevailing idea seems to be that domestic sourcing allows for better control and shorter lead time, but international sourcing is more cost-effective. Let’s compare the strengths and weaknesses of both international and domestic sourcing options. International Sourcing. Reaping the benefits of international sourcing.

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This Week in Logistics News (July 15-19, 2013)

Talking Logistics

Con-way Freight Raises the Bar on Mexico Service, Adds Door-to-Door Tracking, 24-Hour Customer Resource Center, Enhanced Web Tools. Con-way Freight announced this week that it has enhanced its Mexico service offering with the introduction of real-time, door-to-door online tracking, a 24-hour Customer Resource Center and new web tools for tendering and managing shipments moving to and from Mexico.

Nearshoring & Reshoring Will Continue to Increase Thanks to these Main Benefits

Cerasis

Offshoring is basically when a company moves manufacturing to a foreign country in an attempt to save money. For a time, this model of manufacturing seemed to be the paragon of effective business. It was cheaper than producing products in the US, manufacturers could produce large inventories with little capital up front, and consumers did not really have a public voice. Why Are Manufacturers Focusing on Reshoring and Nearshoring?

Reflections on Hard Hats and Safety Shoes…

Supply Chain Shaman

Manufacturing teams used to manage the supply chain group. Today, in most organizations, the supply chain team manages manufacturing. The irony is that fewer and fewer people within the supply chain team understand manufacturing. As I work with teams to envision the new tomorrow, I find fewer people know the basic concepts of manufacturing planning–cycle inventories, freeze duration, slush period, bottlenecks and constraints.

What Is the COVID-19 Impact on Your Supply Chain? We Surveyed the Transplace Network.

Transplace

10% or less are in Canada, Mexico or Europe. Cutting costs and looking for alternative supply sources were also prioritized along with making new budget revisions to adapt to the changes in the global supply chain. Inventory and storage constraints. Depleted inventory due to customer demand. What Is the COVID-19 Impact on Your Supply Chain? We Surveyed the Transplace Network.

Outsourcing: The Good, the Bad, and the Ugly – Lessons from Nortel Networks

NC State SCRC

You didn’t have to add designers, and they leveraged the fact that they designed phones for other people, could do it quicker, and would leverage that, and would get their money back through manufacturing in a low cost environment. At the time – it was all in Taiwan, and over time it was moved more to manufacturing locations in China. ” The BAD – “Back in the 90s a lot was going to Mexico. Nortel had a plant in Calgary, that had to be moved to Mexico.

COVID-19 to cause drastic shifts in supply chain management

EFT

In law firm Foley & Lardner LLP’s new report ‘Accelerating Trends: Assessing the Supply Chain in a Post-Pandemic World’ 70% of manufacturing executives expect their supply chains to move away from a focus on low costs and lean inventory.

Keeping It Local: How Shorter Supply Chains Impact Supply Chain Planning

ToolsGroup

Manufacturing was transformed into a global enterprise. And this low cost fostered a mentality of incremental thinking with mid-level managers focused on squeezing out 1-2% a year in cost savings through sourcing, says Pete Guarraia of Bain consultancy. . The Economist says that more companies are sourcing with proximity to their major markets – for instance servicing the EU from Eastern Europe and Northern Africa or the US from Mexico.

Letter from the CEO: Coronavirus Market Update

Transplace

Mexico and Cross-border. into Mexico by truckload and the increase of CPG export products from Mexico to the U.S., In the short term, the market is going to demand Mexican portion peak season surcharges to bring empty equipment from other regions or the border into the Mexico shipping points. Spot market rates are increasing for freight going from Mexico to the California, Washington, and Oregon areas. Letter from the CEO: Coronavirus Market Update.

Confessions of a High Priced Expediter!

Supply Chain Game Changer

The manufacturing lines were up and running and we were meeting our customer commitments again. This time the disaster was in Mexico. The spreadsheet format I developed to track the status of each part was critical because it became the document of record and the single source of the truth. The local buyers at each manufacturing location had the real day to day insight as to what was going on but they didn’t have the supplier contacts to resolve their issues.

Supply Chain Risk Management: Could You Face a Category 4 Supply Chain Disaster?

Kinaxis

of east coast and Gulf of Mexico imports in September, according to an article from the Business Information Industry Association. This involved in some cases, diverting some inventory bound for other regions. The fuel supply chain could be one of many chains affected by a hurricane, especially if the hurricane threatens the Gulf of Mexico hampering the oil fields like Katrina did in 2005. Up to date inventory status.

The Transformation of Supply Chain Management – IoT, AI, & Blockchain

Oracle SCM

When IoT is specialized for industrial application such as manufacturing, it is also known as Industry 4.0 IoT has massive implications for supply chain management, including manufacturing, inventory management, and logistics. For Manufacturing – production managers can track output levels & yields of production across the globalized manufacturing base instantly – handy when you have hundreds of production lines spread throughout China, Mexico, and Turkey.

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How to Turn Your Supply Chain into an Innovation Engine | Guest Post from Erwin Hermins

Kinaxis

In the past, stores had to supply a wide variety of paint colors and finishes based on consumer demand estimates, building inventory and tying up working capital. For example, let’s look at a cloud-based infrastructure company that outsources its manufacturing to two contract manufacturers. The company’s product is highly configurable with long lead time components sourced from suppliers in Asia. In this scenario, which contract manufacturing model is preferred?

Experts Discuss How to Streamline Global Supply Chain

Supply Chain Opz

Whether you''re a manufacturing company in China, a sourcing agent in London or a world''s leading company in Silicon Valley, we''re all in a global supply chain networks. That said, implementing Lean concepts would undoubtedly be part of that strategy, for example, - Lean Warehousing : Many firms (both retailers and manufacturers) are now aggressively rolling out Lean in their warehouse operations. That might mean diverting from Los Angeles/Long Beach to Canada or Mexico.

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Mitigating the Impact of the Coronavirus on Supply Chains with Machine Learning and Real-Time Visibility

Supply Chain Nation

Lucky are the companies that can shift production to other countries like Mexico or Vietnam. But these measures are not sufficient to replace China, the world´s manufacturing powerhouse or the purchasing power of the world’s biggest economy. Some of this data includes taking feeds from the Centers for Disease Control and Prevention (CDC) in real-time and mapping manufacturing and logistics sites to model responses to get more accurate predicated arrival times of supplies.

Post-Pandemic Impermanence and 6 Actions to Take Now!

Supply Chain Game Changer

The move from China, even if to other more reliable-in-a-crisis countries like India, Mexico or Singapore, will come at considerable cost. Most, but not all companies, have ensured that their manufacturing know-how and secret sauce have remained inside their American engineering teams, but some may have had to relinquish control and exposure to those important day-to-day production details. Loss of manufacturing know-how is a loss of leverage. Manufacturing.

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26 supply chain pros reveal the single most effective way to create a winning supply chain strategy

6 River Systems

We may want to review their manufacturing facilities and perform some sort of quick assessment (for example, explore their process capability and yield of the product and how they handle returned parts). Cut inventory costs Be it a brick and mortar store or an online business, inventory is always present and it costs money. To avoid skyrocketing inventory expenditure, you need to keep accurate inventory count. How much inventory should we carry and where?

The end of just-in-time?

EFT

The story goes that when Eiji Toyoda, CEO of Toyota, visited American car manufacturers in the 1950s, he was not impressed. This was the start of the famous process of Just-In-Time (JIT) manufacturing, or lean manufacturing as it later became known. Toyoda cut down on excess inventory, with components and spares only ordered when needed and kept in low numbers within the factories.

36 innovative companies re-inventing and rethinking supply chain and logistics

6 River Systems

In addition to cutting the need for outsourced manufacturing, this move could give the company a leg up on the competition by making it possible to get products in the hands of consumers faster. In higher-traffic markets, Advance Auto Parts has “hub” stores that keep more inventory in-stock to give customers what they need when they need it. Additionally, the company’s manufacturing expertise will enable the reduction of production costs.

How Can We Heal the Global Supply Chain?

Supply Chain Shaman

In the last six months, in my travels, I have presented to supply chain teams in China, Belgium, France, Germany, Peru, Mexico, Netherlands, South Africa, Singapore, and the United Kingdom. The traditional manufacturing job defined the middle class. Each time, I turn on the channel, manufacturing jobs frame the global debate. Ironically, as global manufacturing jobs decrease, there is a need for talent for the global supply chain. Inventory Turns.

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28 supply chain professionals share the biggest challenges of supply chain management

6 River Systems

All of the above (and other down-stream KPIs and processes) are heavily influenced by the accuracy of a demand forecast: if the demand forecast is much more accurate, a company is more likely to have the right product, in the right quantities in inventory and will have less of the products in inventory that is not required. Our supply chain involves a contract manufacturer, a third-party testing facility, warehouses to store inventory and a freighting company.

Seasoned Leadership in Action™ – An Interview with Chris Darbyshire, VP Operations at Softchoice!

Supply Chain Game Changer

I spent almost 20 years between IBM and Celestica primarily focused on Global Supply Chain, Global Operations and Inventory Management. After Celestica I went to work for Psion Teklogix before starting my own Solar panel manufacturing company. Over my career I have established supply chains for global leaders like EMC, Cisco, HP and others in China, Europe, Thailand, Malaysia, Taiwan, Mexico and across North America. Subscribe Here! Email Address.

Day 3: Lenovo Goes About Creating the End to End Transparent Supply Chain

NC State SCRC

Planning and Execution (Howard) owns planning, inventory and production, with Logistics (Jerry) owning inbound and outbound. Managing inventory cost is always an issue, and it is often driven by a number of factors. So procurement will buy ahead, and work with suppliers to understand the situation in the market, and that may drive up inventory in one sector. When we are focused on inventory and Excess &Obsolescence (E&O) you know we are not doing well.

Building Outside-In Processes

Supply Chain Shaman

On Monday, I would speak in Orlando Florida at the Terra Technology event; and on Wednesday, present the keynote at the Logistic Summit & Expo in Mexico City. I am a manufacturing gal by training. It pains me to see nine out of ten companies are stuck at the critical intersection of cost and inventory turns. In a similar vein, their forecasts for the automotive market would have been on new automotive sales and dealer inventory.

Podcast: Rob Handfield on Suppliers, Data, Tech, and Talent

Requis

He is a consultant to Fortune 500 companies and US federal agencies, and a speaker with focus on the fields of strategic sourcing, supply market intelligence, and supplier development. Flex is the biggest company you’ve never heard of— with over 120 factories worldwide, they are contract manufacturers to companies like Nike, GE, Intel, and Apple. On every screen there were moving graphical visualizations of material inventory.

SCRC Meeting – Tom Linton’s “Supply Chain Eight” and Golden Winged Warblers : Questions Every New CSCO Should Ask Their CEO

NC State SCRC

When it is not in motion, it is classified as inventory. But this took time – we had to “defrag” our supply chain, and eventually I learned we had 59 days of inventory. A simple chart was used to depict inventory, with the size of the indicative of the amount of cash tied up in that inventory. If the inventory was more than 60 days old (turns of < 2.0), than the box was red; 30-60 days, yellow, and less than 30 days, green.

Digital Transformation Facilitates On-Time Delivery

Aera Technology

The problem is only worsening as pharmaceutical manufacturers struggle with growing complexity across a highly volatile global supply chain. Too often, those promise dates are wrong because outdated SCM software can’t account for real-time dynamics that cascade throughout the supply chain, from raw materials sourcing to production and distribution. This article originally posted in Pharmaceutical Manufacturing.

5 Disruptions Shaping the Digital Transformation in Distribution and Logistics

Supply Chain Nation

Manufacturing and retail transformations, technology disruptions and digitalization of data have redefined the roles of distributors and third party logistics (3PLs). It’s not just about the change or the expansion of services any longer, but about how fast and flexible their services can be delivered as the manufacturing and retail industries are reinventing themselves, too. Digital Transformations in the Manufacturing and Retail Industries.

Dealing with Risk, Uncertainty and Tariffs: What the Recent Tariff Delay Means for Retailers

Supply Chain Nation

Those who source a significant portion of their goods from China. Also, those retailers who have not already diversified their sourcing options, as some of the major players have, will have little time to do that before the new tariffs kick in, putting them at a distinct disadvantage. increasing inventory before the deadline. negotiating lower costs from Chinese manufacturers where they have leverage. finding alternate sources for goods outside of China.

5 Disruptions Shaping the Digital Transformation in Distribution and Logistics

Supply Chain Nation

Manufacturing and retail transformations, technology disruptions and digitalization of data have redefined the roles of distributors and third party logistics (3PLs). It’s not just about the change or the expansion of services any longer, but about how fast and flexible their services can be delivered as the manufacturing and retail industries are reinventing themselves, too. Digital Transformations in the Manufacturing and Retail Industries.

Dealing with Risk, Uncertainty and Tariffs: What the Recent Tariff Delay Means for Retailers

Supply Chain Nation

Those who source a significant portion of their goods from China. Also, those retailers who have not already diversified their sourcing options, as some of the major players have, will have little time to do that before the new tariffs kick in, putting them at a distinct disadvantage. increasing inventory before the deadline. negotiating lower costs from Chinese manufacturers where they have leverage. finding alternate sources for goods outside of China.

Perspectives on the Global Trade Environment: A Panel Discussion

NC State SCRC

The goal is to create redundant sources based on supplier-specific and country-of-origin, to ensure that each product category has redundancy as a form of insurance on the supply chain. Even if AAP or other auto part companies wanted to move production, there is no manufacturing capacity in the US or anywhere else, so creating redundancy in this case is very difficult. Andrew Partis shared his views from ThermoFisher, a global contrat manufacturer for the pharmaceutical industry.

Letter from the CEO: Market Update March 26, 2020

Transplace

Trucks are sourced, loaded, dispatched and then cannot find a retail delivery appointment for days beyond the scheduled pickup date. Inventory and manufacturing flexibility are a key component to serving this market. Mexico and Cross-border. Schools and universities are closed until April 20 and more companies in Mexico are asking employees to work from home. Original Equipment Manufacturers (OEMs) in Mexico will shut down operations.

Sorry, I’m Not Sure: Supply Chain and Logistics Predictions for 2018

Talking Logistics

Source: Evan, Flikr. “I SophiaTX Open Source Platform to Integrate SAP, Blockchain. Mexico and Canada are heading into 2018 with no clear plan for saving the North American Free Trade Agreement,” states a Bloomberg article published on December 15. If they actually follow through on their promise and oil prices continue to rise next year, how will transportation, inventory, and sourcing policy decisions change in response?