Remove Inventory Remove Mexico Remove Procurement Remove Shipping

The Pros and Cons: International and Domestic Sourcing

Unleashed

Low-cost country sourcing is a procurement strategy that falls under a broad category of procurement efforts called global sourcing. This strategy involves a country from a high-cost country area — typically US, UK, Canada, Australia, and West European nations — purchasing materials from resource-rich low-cost countries; think China, India, Indonesia, Bolivia, Brazil, Russia, Mexico, and East European nations. Shipping costs.

The Massive Opportunity Waiting for Oil and Gas in Asset Disposition

Requis

12 trillion: the annual procurement spend by the Global 2000 (our estimate based on several sources, see image below). $3 The average holding cost for surplus assets and stored inventories is 20% of the book/fair market value.”.

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Experts Discuss How to Streamline Global Supply Chain

Supply Chain Opz

Research from APQC’s Open Standards Benchmarking in procurement shows that organizations without formal SRM programs report 121 percent longer supplier lead times. Reducing lead times from suppliers can help turn inventory faster, freeing up cash and ultimately satisfying customers. Risk pooling is considered the most important concept in supply chain management as it governs the tradeoffs in inventory management and leads to effective strategies such as push/pull and postponement.

Global 216

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

NC State SCRC

Jeff Townley, former Chief Procurement Officer at Nortel Networks, provided some fantastic insights in my MBA class this evening. PCB’s were outsourced in the 1990’s, and final assemblies not long after, but the system house where it was all consolidated, putting it through your systems test and shipping it – was all outsourced to Penang.” ” 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.

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. With real-time visibility capabilities, customers can gain time to resolution to proactively identify issues deep in the supply chain, e.g. “where is my inventory,” and leverage ML-based recommendations to find alternate sources of supply and integrated execution capabilities to turn recommendations into alternate supply shipments.

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.

Letter from the CEO: Coronavirus Market Update

Transplace

The expectation is that two mega ships will arrive at the ports to pick up empties this week as the equipment is needed in China. Industrial and chemical sectors are maintaining at seasonally expected shipping volumes as of this time. Mexico and Cross-border. into Mexico by truckload and the increase of CPG export products from Mexico to the U.S., Spot market rates are increasing for freight going from Mexico to the California, Washington, and Oregon areas.

Supply Chain Manager for Global Supply Chains

Murano Corporation

Those days were gone forever when manu-facturers in pursuit of cheap labor first went to Mexico and then to China. Disjointed Supply Chains Every supply chain partner uses one or more systems to handle its Order-To-Cash and Procure-To-Pay business processes and of-ten times their internal processes are frag-mented. The “Sell” and “Buy” side capabilities of Supply Chain Manager is encapsulated in its Advance Ship Notice (ASN) module.

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

6 River Systems

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. The new facility will allow the company to offer two-day shipping to most (about 90%) of the U.S. Bed Bath & Beyond is also implementing inventory reduction strategies and is on track for a 5% reduction year-over-year by the end of the current fiscal year. PST will ship the same day.

Expert Research, What Happened with IMO 2020 Fuel Prices?

Aborn and Co.

The amount of fuel used is dependent on the speed of the ship. The smaller Panamax ships (~5,000 TEU capacity) will consume ~63,000 gallons of marine fuel per day when operating between 20-25 knots. Fuel consumption can drop by almost a third when ship speeds are reduced by 10% (called slow-steaming). Chris was director of supply chain at SharkNinja where he was responsible for procurement, inventory management, and new product development.

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.

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. You can either ship it by boat from China (30 days) or by plane (FedEx). At Flex, Tom had a scope that included the entire end to end supply chain: procurement, transportation, warehouse management, as well as customer order fulfillment, customer service, procure to pay, and trade relationships.

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

Requis

Meanwhile, salespeople for suppliers were trying to work around procurement. On every screen there were moving graphical visualizations of material inventory. Tom had literally put his inventory on these control towers, and it was all updating in real time. For example, if we’re manufacturing something in China there are labour costs, the costs to ship, plus tariffs. In the post-COVID world, suppliers in the US, Mexico, and Canada will become much more integrated.

What Exactly Is Reverse Logistics?

Supply Chain Game Changer

What it meant was that the company had not spent any time to develop better forecasting, planning, and inventory management systems and processes. The CEO said that the supplier had shipped us a poor quality product. Our Mexico based operation was completely dedicated to this capability. Selected as one of the Top 75 Supply Chain Blogs, and one of the Top 25 Procurement Blogs, on the Internet. © Copyright Mortson Enterprises Inc, 2018. Subscribe Here! Email Address.

Letter from the CEO: Market Update March 26, 2020

Transplace

Southern California: There were mega ships that were set to arrive over the weekend that were intended to take empty containers out of the ports and bring them back to China. Industrial and chemical sectors are maintaining seasonally expected shipping volumes as of this time. Inventory and manufacturing flexibility are a key component to serving this market. Mexico and Cross-border. Original Equipment Manufacturers (OEMs) in Mexico will shut down operations.