QAD

MARCH 30, 2023

Manufacturers may not think they have much in common with the retail companies beyond producing the products that stock store shelves, but there could be a lot to learn from the latter as the manufacturing headwinds of the last few years carry into 2023. Walmart Has Embraced RFID Technology – Should You?

Manufacturing Procurement 90

Manufacturing Procurement Inventory Management Software Supply Chain Planning Software Supply Chain Software 90

ModusLink Corporation

NOVEMBER 30, 2021

The introduction of E-Procurement: Price and availability are not the only factors to be considered in a purchasing decision, especially now that a strong supply chain has become an unmissable element for every company in today’s business climate (Namulo, 2017).

Manufacturing Procurement 78

Manufacturing Procurement Procurement Solutions Optimal Sourcing Negotiating Skills 78

Supply Chain Matters

MAY 15, 2024

is making investments to enhance domestic sourcing and production within noted strategic and economic industry sectors. products are undercut by artificially low-priced Chinese alternatives produced with higher emissions. The actions have reportedly been carefully targeted at strategic sectors—the same sectors where the U.S.

Manufacturing Procurement 59

Manufacturing Procurement Supply Chain Network Software Sourcing Strategies Price Reduction 59

ToolsGroup

DECEMBER 20, 2021

Image source: Bloomberg. With senior management at major importers attributing earnings and missed sales to these challenges, the bottom line is that the products took longer and cost more than was projected. Higher container costs , resulting in container-by-container decisions on what to ship. The result? .

Supply Chain Disruption 194

Supply Chain Disruption Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 194

Supply Chain Matters

AUGUST 16, 2023

In a mid-January posting , we alerted our readers to reports that Rivian fell short of its 2022 vehicle production goal and that several top executives had departed the company, including the company’s purchasing head. billion loss, thus there was a bounce effect in the company stock price on the news. Net loss was reported as $1.2

Supply Chain Design Software 52

Supply Chain Design Software Price Reduction Cost Reduction Strategies Supply Chain Planning Software 52

Supply Chain Opz

NOVEMBER 12, 2016

This can only be achieved by the knowledge and skills of the team. Then companies try to motivate staffs to continue developing their skills on regular basis. For both entry and executives, the self-study method has proven to be a cost-effective option. Anyway, the access to this database costs an arm and a leg.

Supply Chain Planning Software 271

Supply Chain Planning Software Supply Chain Design Software Gartner Supply Chain Strategy 271

ToolsGroup

MAY 18, 2022

Data also shows that half of US states are experiencing out-of-stock rates between 40% and 50%: Image source: Flipboard. This made it incredibly difficult for manufacturers to accurately gauge the market size for production. Image source: Sturgis Journal. A Limited Number of Formula Manufacturers.

Manufacturing Procurement 156

Manufacturing Procurement Supply Chain Planning Software Pricing Training Purchasing Skills 156

Supply Chain Matters

JULY 15, 2022

This week, the company announced a reversal in manufacturing and supply chain strategy, as well as a major turnabout. The company will henceforth outsource the manufacturing of its stationary exercise bikes and treadmills to a Taiwan based contract manufacturer. Sourcing was both a cost as well as landed cost decision factor.

Sourcing Strategies 105

Sourcing Strategies Cost Reduction Strategies Expense Reduction Inventory Reduction 105

Supply Chain Matters

APRIL 24, 2023

Background In a published Supply Chain Matters posting in March, we informed our readers that global automotive manufacturer Volkswagen announced that it was investing in a battery production site in Canada to support North America electric vehicle assembly needs. Plans reportedly call for the facility to be operational by 2027.

Canada 52

Canada Procurement Analytics Manufacturing Procurement Purchasing Skills 52

Resilinc

OCTOBER 12, 2021

Mike Beckham, CEO of bottle and travel mug manufacturer Simple Modern, told the Wall Street Journal that a major Chinese supplier in Quzhou City had been forced to cut its workweek to four days and trim its electricity usage by a third. To meet the surging demand, including early holiday purchases, China’s exports to the U.S.

Pharmaceutical 62

Pharmaceutical Purchasing Skills Supply Chain Planning Software Supply Chain Planning 62

Supply Chain Matters

MAY 3, 2022

In this Supply Chain Matters commentary, we highlight the latest quantitative data related to global manufacturing PMI activity levels for April. Global Manufacturing Output Levels Declined. The Global Manufacturing Output sub-index reportedly dropped to a contraction value of 48.5 According to the J.P. value, up from 53.1

Manufacturing Procurement 52

Manufacturing Procurement China Purchasing Skills Supply Chain Planning 52

Supply Chain Matters

SEPTEMBER 6, 2023

The August numbers once again signal a continued downturn in global manufacturing conditions as output and new order rates continue to fall. From our lens, the August data further reflects ongoing shifts in production sourcing within specific industry sectors. That stated, global output levels fell for the third consecutive month.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Global Price Reduction 52

Supply Chain Shaman

SEPTEMBER 5, 2022

Business continuity continues to be a risk for many retailers and manufacturers. Wall Street Journal Headline on Retailers Using Containers to Store Excess Inventories. Definition of Form and Function of Inventory: Source Supply Chain Insights. In my 68 years on this planet, I have never seen such deep discounts. My take away?

Supply Chain Planning Software 243

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain Strategy 243

Supply Chain Matters

MAY 2, 2023

Supply Chain Matters provides new information relative to a previous commentary related to Foxconn ’s prior announced manufacturing operations and manufacturing engineering partnership with Lordstown Motors. million square foot auto production facility in Lordstown, Ohio to Foxconn , for the sum of $230 million.

Manufacturing Procurement 52

Manufacturing Procurement Price Reduction Supply Chain Design Software Expense Reduction 52

The Logistics & Supply Chain Management Society

FEBRUARY 15, 2021

Manufacturers can gather valuable granular data such as the time an item spent in storage, at what temperature, how long it took to sell, the length of time between purchase and fulfillment and how long it spent in transport. For example, companies can track products throughout the entire lifecycle with RFID and GPS sensors.

Supply Chain Planning Software 298

Supply Chain Planning Software Supply Chain Software Prescriptive Analytics Software Predictive Analytics Software 298

Resilinc

OCTOBER 18, 2022

It was the first metal to be smelted (about 5,000 BC, according to Wikipedia); the first to be shaped into molds; and the first to be alloyed with another metal—tin—to manufacture a sturdier cousin: bronze. Declining ore quality from Chile, the top producing country, will lead to higher energy usage and costs for processing, according to IEA.

Negotiating Skills 62

Negotiating Skills Purchasing Skills Negotiate Pricing Chile 62

Supply Chain Matters

FEBRUARY 17, 2023

According to reporting from Bloomberg , this announcement is being viewed as the biggest aircraft and engine deal in commercial aviation history with a list price value likely exceeding $60 billion at list prices. and potentially Europe.

Supply Chain Planning Software 52

Supply Chain Planning Software Purchasing Skills Manufacturing Procurement Supply Chain Planning 52

Enterra Insights

DECEMBER 17, 2021

For months, consumers have watched their budgets tighten as food prices have risen. Because groceries are everyday necessities, it makes sense that everyone is noticing the price of, say, milk going up more than anything else.”[1] ”[1] Unfortunately, most pundits predict food prices will only continue to rise. .”[1]

Price Reduction 130

Price Reduction Purchasing Skills Food Cost Reduction Strategies 130

The Logistics & Supply Chain Management Society

JULY 20, 2020

Lockdown of cities and manufacturing plants have significantly impacted many industries’ supply chains. What actions should leaders take to manage supply chains for least cost and least risk, as well as to prosper from opportunities appearing due to the crisis? Pricing decisions can be integrated with demand and supply planning.

Agile and Lean Supply Chain 230

Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 230

Supply Chain Matters

OCTOBER 20, 2023

They further added to growing concerns that consumers have moderated on their desires to purchase an all-electric vehicle. While that may be attractive to prospective Tesla customers, it does not resonate with Wall Street when price cutting does not result in added volume and profitability. percent, eroding $70 billion in market value.

Price Reduction 52

Price Reduction Cost Reduction Strategies Inventory Reduction Purchasing Skills 52

GlobalTranz

JULY 6, 2015

The world has changed from the oil days of machine assisted assembly lines and manufacturing processes as more robots have entered the workforce. Robotics is not just a way to help companies, but many manufacturers have recognized how robots can improve their supply chain processes, benefit the company, and drive their future success.

Manufacturing Procurement 120

Manufacturing Procurement Logistics Network Optimization Software Manufacturing Expense Reduction 120

Precoro

SEPTEMBER 4, 2023

Morgan Working Capital Index 2020 , there is significant capital trapped in the form of working capital that can become a vital source of additional liquidity for corporations. Higher chance of heavy reliance on external financing sources, such as loans or credit lines. According to The J.P. But how can companies unlock this capital?

Optimal Sourcing 59

Optimal Sourcing Negotiate Pricing Inventory Reduction Material Savings 59

Enterra Insights

OCTOBER 26, 2021

In the age of e-commerce, the digital path to purchase has a side trail called “Returns.” ” Journalist Suzanne Kapner reports, “The share of online purchases that are returned averages 30% or higher, depending on the category, three times the rate in physical stores.”[1] Return the Item to the Manufacturer.

Waste Reduction 130

Waste Reduction Reverse Logistics Inventory Reduction Cost Reduction Strategies 130

SCMDOJO

MARCH 25, 2022

However, topics such as logistics, logistics, physical sourcing and supply chain management are not included in these courses. There is also not much discussion (if any) about the systems approach or the concept of total cost. NAPM published a new magazine, Purchasing Magazine, in 1965. Neil Southern, 2011). The idea of ??working

Supply Chain Planning Software 133

Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Software Agile and Lean Supply Chain 133

DynaSys

APRIL 16, 2020

Why do manufacturers need to transform their operations to a circular model? Historically the reasons for manufacturers to engage in any sustainability initiatives were mainly regulatory or social. Commodity Prices. McKinsey Commodity Price Index. Sustainability Sells. Sustainability Sells.

Supply Chain Design Software 95

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Manufacturing Procurement 95

SCMDOJO

AUGUST 16, 2023

A well-optimized supply chain not only ensures efficient delivery and cost-effectiveness but also provides companies with a competitive advantage in the market. The company has strategically invested in automated distribution centers, streamlining the flow of products from manufacturers to stores.

Inventory Reduction 76

Inventory Reduction Vendor Strategies Supply Chain Planning Software Price Reduction 76

The Logistics of Logistics

JANUARY 19, 2022

During his tenure at Stifel, his awards included ranking #1 in stock picking multiple times in the Wall Street Journal’s Best on the Street Analysts Survey and in Financial Times/StarMine America’s Top Analysts report. LTL Future: Pricing. Key Takeaways – LTL: Then and Now. History of LTL. LTL Future: Modal Mix.

Miami 130

Miami Logistics Network Optimization Software Price Reduction Purchasing Skills 130

Enterra Insights

JULY 9, 2021

.”[5] He goes on to discuss “highlights from half a dozen recent reports aimed at showing what might be next for shoppers, retailers and manufacturers.” notes, “It’s the most cost-effective to have the customer pick their own goods.”[7] ” Online Grocery Sales. The pandemic seems to have changed this.

Procurement Analytics 130

Procurement Analytics Purchasing Skills Price Reduction Food 130

Enterra Insights

JANUARY 6, 2022

Mandel notes, “E-commerce sites use pricing optimization techniques to woo customers. They can create special offers to customers who are members, or change prices in a moment to compete with other retailers. The prices are clearly labeled on the ESLs, and will scan correctly at the checkout lane.”

Optimal Sourcing 173

Optimal Sourcing Retail Optimization Software Analytics Software 173

Unleashed

SEPTEMBER 28, 2023

It represents lost revenue and increases your holding costs and opportunity costs. This has the potential to create storage and logistic problems that result in increased carrying costs. Dead stock also costs money to keep in storage. Once obsolete, stock can result in additional storage costs for your business.

Material Savings 52

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 52

Supply Chain Matters

JULY 21, 2023

UPS Labor Contract Negotiations to Resume After labor contract renewal negotiations stalled earlier this month , parcel carrier and logistics services provider UPS and the International Brotherhood of Teamsters representing upwards of 330,000 workers, are planning to return to the bargaining table next week to hash out the remaining issue of wages.

Negotiating Skills 52

Negotiating Skills Logistics Network Optimization Software Purchasing Skills Transportation 52

Enterra Insights

JULY 12, 2022

With inflation shredding consumers’ budgets, consumer packaged goods (CPG) manufacturers and retailers are feeling the impact. ”[1] CPG manufacturers are caught in this inflationary maelstrom. ”[1] CPG manufacturers are caught in this inflationary maelstrom. CFRA Research analyst Arun Sundaram agrees.

Modeling 130

Modeling Predictive Analytics Software Optimization Modeling Predictive Analytics 130

AB&R

NOVEMBER 20, 2023

Additionally, the industry better understands RFID, reducing its cost of adoption. The pandemic accelerated the Buy Online Pick Up in Store (BOPIS) model, which accounted for $72 billion in purchases in 2020, having greater inventory accuracy grew ever more important. They will comply, shelf the project, and won’t think about it again.

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Planning Software Modeling Software Forecasting Software 52

Supply Chain Matters

NOVEMBER 3, 2023

Sean Suggs, Toyota ’s designated manager for the planned North Carolina facility indicated in the Journal report that the amount of materials needed to produce one electric-vehicle battery, can be utilized to build 90 hybrid focused support batteries. Cost is an obvious factor as well, even as government subsidies for purchase exist.

Material Savings 52

Material Savings Price Reduction Inventory Reduction Cost Reduction Strategies 52

QAD

AUGUST 24, 2023

On June 16th, The Wall Street Journal published an article written by Jason Gay on innovation where he talks about the early adoption of the Apple Vision Pro. The Apple Vision Pro “goggles” are priced at $3499. I have never waited in line for a new phone, but I have never purchased last year’s model either. Think minivan.

Innovation 90

Innovation Material Savings Expense Reduction Price Reduction 90

Supply Chain Matters

MAY 5, 2023

Global Manufacturing Activity Levels Global manufacturing activity as reported by the J.P. Morgan Manufacturing PMI® , compiled by S&P Global in association with ISM and IFPSM , provided a banner headline of global manufacturing output edging only slightly higher. That stated, the reported value of 49.6 declined 1.5

Manufacturing Procurement 52

Manufacturing Procurement Global Supply Chain Optimization Supply Chain Strategy 52

Unleashed

APRIL 20, 2023

An inventory accounting journal entry records your inventory transactions, helping to categorise your financial expenses and earnings. In this guide, we break down the different accounting methods used in product businesses and list 13 of the most important inventory accounting journal entries you need to know.

Journal 52

Journal Inventory Reduction Inventory Manufacturing Procurement 52