31 Motivations for Reshoring Manufacturing & Updated Reshoring Stats

Cerasis

Many off-shore manufacturers have returned to the U.S., Those changes, along with high costs of transporting materials and finished goods to and from overseas locations, make the value of reshoring likely to become a compelling financial reality for many manufacturers. manufacturers hurried to produce off-shore, believing significant cost reductions and huge profits would follow. 70% of manufacturers indicate that volatile energy costs are a major concern.

What is Supply Chain Compliance and Why is it Important?

AB&R

In addition, several agencies such as the Food and Drug Administration (FDA) require unique device identifiers (UDI) usually in the form of barcodes to contain information such as manufactured date and lot number to provide traceability. Tennessee. Asset Management Blog Inventory Management Managed Services Manufacturing RFID Transportation & Logistics asset management barcode verification compliance labeling GS1 harsh environment labeling UDI

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Who Should Be In The Winner’s Circle?

Supply Chain Shaman

Only 29% of manufacturers easily manage total cost trade-offs. Total cost analysis is more difficult than it sounds and most technology implementations automated functional measurement systems (manufacturing or procurement), but leave the organization blind on the management of total costs.

Supply chain risks: The knowable unknowns that can hurt your supply chain!

Kinaxis

An extreme example of this is a ride from Chicago to Colesburg, Tennessee taking 18 days, 13 hours, and 57 minutes! This has led to increased costs, not to mention all the inventory stuck in-transit. For example, let’s say you modeled the lead time from “supplier A” to your manufacturing facility as 7 days.

Supply Chain Shaman - Untitled Article

Supply Chain Shaman

Recently, I spoke on the future of supply chain management at the University of Tennessee Supply Chain Forum. For him this meant growing top-line revenue with less supply chain inventory. Ajay works in the Custom Fabrics division that manufactures and markets premium performance textiles, including Sunbrella and Dickson branded products. Demand planning was implemented in six months while tactical supply and inventory planning took twelve months.

Visibility in Transportation Management Leads to Supply Chain Excellence

Talking Logistics

If you’re not able to clearly see, examine, impact and manage every aspect of your supply chain and inventory processes – order status, shipments, in-transit goods, trade documents, costs, exceptions and more – you might as well be operating with blinders on. in C2C Improvements Per Shipment: Automated shipment confirmations from logistics service providers (LSPs) reduces Days of Inventory by speeding up PGI.

Becoming a High Performing Sense and Respond Enterprise: End-to-End Supply Chain Visibility is Key

Talking Logistics

The flow of supplies, finished goods, and information are widely distributed, presenting significant challenges across a manufacturer’s entire supply chain network of customers, suppliers, and logistics providers. Typically companies operated in silos, but according to a recent Global Supply Chain Institute at the University of Tennessee survey, while some lines between business functions have blurred, silos still exist, especially between purchasing and logistics.

Supply chain risks in the spotlight: Effects of Hanjin Shipping filing bankruptcy protection

Kinaxis

There is a constant push to free up working capital by leaning down on the inventories. Lead times are in weeks and months in cases where manufacturing is outsourced to firms on the other side of the earth. However, a 2014 report by University of Tennessee on managing risk in global supply chains points out that 90% of the firms surveyed do not quantify risk when outsourcing production!

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. Paul Dittmann , Executive Director of the Global Supply Chain Institute at the University of Tennessee Improving operational efficiency in the global supply chain is a complex undertaking, and requires a documented, multi-year strategy instead of knee jerk reactions, and programs of the month.

Global 216

A Brief History of the Founding of the Supply Chain Resource Cooperative (SCRC)

NC State SCRC

We regularly interact with students and faculty from industrial engineering, manufacturing and civil engineering, textiles, agriculture and life sciences, computer science, mathematics, political science, even poultry science, and communication. And every project we do here, although they may all look at things like market intelligence, cost modeling, inventory analysis, business process analysis, or whatever is unique. A lot are more famous (Harvard, MIT, Tennessee).

4 Reasons for the Supply Chain Talent Shortage

Elementum

He, like a number of supply chain professionals, laments the fact that the term “supply chain” doesn’t do a great job of suggesting the complex work involved in running the manufacturing, movement, and storage of a product. A recent study by the University of Tennessee, Knoxville, revealed that 90 percent of CEOs believe they should be doing more to attract supply chain talent. Inventory was cheap—it wasn’t a consideration,” says Sheffi.

This Week in Logistics News (July 14-18, 2014)

Talking Logistics

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. UPS, meanwhile, announced that it has developed “a healthcare-compliant network of Field Stocking Locations (FSLs) to reduce delivery time of medical device shipments and enhance inventory visibility.”

26 warehouse pros reveal the most important factors to consider when moving to an automated warehouse

6 River Systems

Rupy Sawhney is the Heath Fellow in Business and Engineering at the University of Tennessee, combining both fields through his knowledge of lean manufacturing, the optimization of production without a drop off in quality or worker health. Warehousing effectiveness depends upon the accuracy of the physical inventory in the warehouse with the respect to the inventory indicated in the computer system.

Disruptive Times Require Adaptive Supply Chains

Enterra Insights

which makes Internet-connected exercise bikes, but also for more traditional manufacturers such as the athletic footwear and apparel company Nike Inc.”[3]. The staff notes, “As a result of the expansion of its direct-to-consumer business, Nike is moving away from aggregating inventory in one central warehouse in Memphis, Tennessee, to putting product in facilities closer to the customer.” Today there is a lot of focus on reshoring manufacturing.

Top 25 3PL warehousing companies in 2020 (by revenue)

6 River Systems

Revenue: $69.217 billion (12 months ending May 31, 2020), $69.693 billion (2019) Headquarters: Memphis, Tennessee, USA CEO: Frederick W. The company used to be a subsidiary of PSA Group, which is one of the world’s largest automobile manufacturers.

4 Reasons for the Supply Chain Talent Shortage

Elementum

He, like a number of supply chain professionals I spoke to over the past month, was lamenting the fact that the term “supply chain” doesn’t do a great job of suggesting the complex work involved in running the manufacturing, movement, and storage of a product. A recent study by the University of Tennessee, Knoxville, revealed through surveys of companies that 90 percent of CEOs believe they should be doing more to attract supply chain talent.

Your Next Pair of Gap Jeans May be Delivered with the Help of a High-Tech Robot

Supply Chain Nation

percent) as a trial customer in one of its Tennessee warehouses. percent) using robots to move warehouse inventory and track items on store shelves. Several robot analysts cite Amazon’s $775 million purchase of robot maker Kiva Systems in 2012 as a turning point for retailers and other companies, not just automakers or industrial manufactures, in adopting robots.

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.

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.

Three Common Supply Chain Weaknesses And Strategies To Overcome Them

Bristlecone

In today’s global economy, supply chains include all the people, systems, vendors, suppliers and processes involved in designing, making, selling, inventorying, shipping and delivering a product. The lack of visibility — the ability to track parts or products from the manufacturer to their final destination — is a supply chain weakness with massive consequences. Forbes, April 8, 2019. On their face, supply chains sound straightforward.

25 supply chain experts reveal the best tactics to optimize a supply chain

6 River Systems

I am buying a sheep and goat farm alongside a larger space for a garment factory so that I can control where the cashmere and wool is coming from, how it is processed and how it is manufactured before it is sent to my customers. It is absolutely imperative to be in a position to do as much quality control as possible in house, so that all that is required thereafter is shipping from the manufacturer straight to the customer.

Your Next Pair of Gap Jeans May be Delivered with the Help of a High-Tech Robot

Supply Chain Nation

percent) as a trial customer in one of its Tennessee warehouses. percent) using robots to move warehouse inventory and track items on store shelves. Several robot analysts cite Amazon’s $775 million purchase of robot maker Kiva Systems in 2012 as a turning point for retailers and other companies, not just automakers or industrial manufactures, in adopting robots.

Supply Chains on the Other Side of Crisis

Enterra Insights

For many manufacturers, the coronavirus pandemic proved to be an excessive stress test. Ted Stank, professor of supply chain and logistics at the University of Tennessee, notes, “There are a lot of issues that play into [whether a manufacturer can easily pivot]. 5] In most cases, manufacturers that have pivoted to crisis production will pivot back to normal operations. In every crisis, there is a turning point.

Glen Raven Meets Their Goals Through a Successful Deployment of Advanced Planning

Supply Chain Shaman

Recently, I spoke on the future of supply chain management at the University of Tennessee Supply Chain Forum. For him, this meant growing top-line revenue with less supply chain inventory. Ajay works in the Custom Fabrics division that manufactures and markets premium performance textiles, including Sunbrella and Dickson branded products. Demand planning was implemented in six months, while tactical supply and inventory planning took twelve months.