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private companies are facing increased days in inventory and receivables, adding to liquidity strain. Tariffs & Trade: The Clock Is Ticking One of the most urgent themes of the presentation was tariff risk escalation. Rising concerns over cash conversion : U.S. This is especially relevant in light of proposed 2025 U.S.
Any discussion on supplychainriskmanagement and applying managed transportation to help prevent risks from coming to fruition is incomplete without touching on the pandemic to overcome supplychain disruption. A rapid change in demand for PPE also led to significant supply disruptions.
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.
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.
For instance, suppliers may have strong Vendor Management process expertise that will help reduce working capital. Or they may have expertise in manufacturing processes and have flexible capacity to allow contract manufacturing for new product introduction.
Session Layer: Coordination Between Systems This layer facilitates the coordination between different applications or systems in the supplychain. For example, coordinating inventorymanagement systems with demand forecasting tools. • Real-World Examples of OSI-Inspired SupplyChain Interoperability 1.
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. This could cause failure to manageinventory, causing disruption to the business, resulting in stock-outs.
Plus, since semiconductor-based materials make up 40 percent of new vehicle costs and countless other consumer products, PS5s aren’t the only things in short supply. It is, in order words, a failure in supplychainriskmanagement. What is supplychainriskmanagement?
Second, many supplychains still lack visibility beyond Tier-1 suppliers. When a critical Tier-2 supplier is affected by a tariff policy change or regional shutdown, the ripple effects often catch manufacturers by surprise. Landed cost calculations now include tariff risk ranges, not just fixed rates.
The need for track and trace capabilities in industries such as food and beverage, manufacturing or automotive industries is obvious: the threat of contamination or recalls impacts public safety, and the responses to those events are highly regulated. Organizations need to know what goes into their products and their location at all times.
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.
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.
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.
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.
Explore the latest updates to Resilinc’s supplychainriskmanagement solutions, including Collaboration Center 2.0, At Resilinc, we constantly innovate our supplychainriskmanagement solutions to meet our customers’ evolving needs—it’s part of why we’re The Gold Standard for SupplyChain Resilience.
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.
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?
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.
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?”
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.
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.
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)?
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.
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).
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.
As we have outsourced logistics and manufacturing, I firmly believe that we need to get more serious about the building of Business-to-Business (B2B) networks. These are one-to-many and many-to-many architectures that connect logistics providers, contract manufacturers and suppliers into true supply networks. It is important.
For some customers, they manage the inventory using a vendor managedinventory program. In some case they manageinventory at the customer’s site. “We We don’t have one supplychain,” this vice president of supplychain explained to me, “we run very customized supplychains.”
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.
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. Work to achieve 100% supplychain visibility.
In manufacturing, IoT sensors ensure that each step of the process is tracked, ensuring that all materials meet required quality standards. Throughout the supplychain, IoT devices monitor products as they move, tracking critical factors including transportation conditions and environmental parameters.
Incorporating demand forecasting, inventorymanagement, and market analysis into your planning process will strengthen your ability to respond to disruptions. Scenario planning reveals vulnerabilities that might otherwise go unnoticed and allows for better-informed adjustments.
In today’s interconnected world, the distribution industry has become increasingly complex and reliant on technology to manageinventory, track shipments, and communicate with suppliers and customers. Additionally, the global nature of supplychains means that companies are increasingly exposed to cyber threats from overseas.
A common challenge for procurement and supplychain professionals is obtaining support from C-level leaders to invest in a robust supplychainriskmanagement (SCRM) program. Collaborate with stakeholders in finance, sales, manufacturing, etc., Ready for a more resilient supplychain?
At the center of Atlas’ product line is Atlas Exchange, a secure document exchange providing a “connect-once, access-all” network, securely linking retailers, manufacturers, suppliers and logistics service providers. 36 healthcare-capable FSL sites will provide medical device manufacturers access to over 80 percent of U.S.
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.
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.
Implementing Cybersecurity Programs for Buildings: Simple Steps End users need to evaluate their risks by assessing likelihood and impact and then decide what actions, if any, are necessary to protect critical objectives like financial performance, safety, compliance, operational continuity, etc.
JDA held its annual user conference this week, where it announced its Distribution-Centric SupplyChain Suite, “an integrated set of cloud-based best-of-breed supplychain planning and execution solutions that holistically and iteratively solve inventory planning, replenishment and order fulfillment challenges.”
One such organization was Navistar, a leading manufacturer of commercial trucks, busses and proprietary engines that recently participated in a series of CPO interviews conducted by Ivalua and Art of Procurement. But building an agile, resilient supplychain doesn’t happen overnight; it requires forethought and planning.
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.
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.
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