How Cloud ERP can assist manufacturers with their procurement function

SYSPRO Smarter ERP

As supply chain disruptions continue the procurement function should adapt to improve transparency, build collaborative relationships, and ensure sustainable sourcing practices, resulting in a stronger, more resilient supply chain with Cloud ERP for manufacturing.

5 Ways Businesses Are Uncovering Success With AI In Manufacturing

ToolsGroup

Automation is at the center of modern manufacturing businesses, with companies exploring the possibilities of artificial intelligence in improving workflows and profitability. Industrial engineers incorporate these technologies in designing and fabricating advanced manufacturing systems.

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The Power of the Network: ERP vs. Spend Management

Logistics Viewpoints

GEP and the North Carolina State University (NCSU) Supply Chain Resource Cooperative surveyed supply chain, procurement and IT professionals across a range of industries to gain insight into their priorities and strategies regarding supply chain resilience and optimization.

5 Quality Metrics Predicting The Future Of Manufacturing

IQMS

Bottom Line: Manufacturers are reaching a new level of results in 2018 because they have clearer, more actionable insights based on real-time manufacturing and quality metrics than ever before. Quality Metrics Enable Customer-Driven Manufacturing Networks. The future of manufacturing is being written today across the millions of shop floors which have chosen to excel at analytics, metrics and Manufacturing Intelligence.

Five Advanced Technologies That Are Revolutionizing Logistics

Logistics Viewpoints

If there’s a bright spot anywhere it’s the fact that, as logistics challenges have grown, so has the availability of advanced technologies to manage these challenges. This allows all transportation resources to be leveraged in creating a response, including the extended carrier network.

Halal Cluster Network: Connecting regional halal clusters

The Logistics & Supply Chain Management Society

In their time lean manufacturing and just-in-time were game-changing concepts. Supply chain execution is required to distinguish between the high runner purchases and the slower-moving products customers are willing to wait for.

Top 10 Manufacturing Trends For 2019

IQMS

Bottom Line: The top 10 manufacturing trends reflect how manufacturers are planning to achieve their goals of revenue growth, operational improvements, digital transformation, and launching new products and services in 2019. Manufacturers who excel at orchestrating analytics, Business Intelligence (BI), quality management and real-time monitoring to improve manufacturing strategies are growing 10% faster than their peers. to manufacturing value added in 2020.

KPIs to assist manufacturers and distributors with supply chain challenges

SYSPRO Smarter ERP

Manufacturers and distributors experienced huge supply chain disruptions due to the pandemic which exposed many vulnerabilities and tested the resilience of supply chain leaders globally. Manufacturing KPIs. can be measured to define this metric.

Can Manufacturers be Both Lean and Resilient?

Logistics Viewpoints

Since then, manufacturers around the world have embraced lean. It does mean that manufacturers need to understand where inventory needs to be buffered (“fat”) and where it can remain lean. In terms of single sourcing, a useful metric is called “revenue at risk.”

Lean 90

Data and Digitization in Manufacturing

Enterra Insights

Manufacturing has been the lifeblood of the global economy for hundreds of years. Because manufacturers have historically moved factories to regions featuring cheap labor and few regulatory restrictions (sometimes referred to as outsourcing or offshoring), a misconception has arisen about the importance manufacturing to national economies. ”[1] Manufacturing becomes even more relevant to advanced economies thanks to data and digitization.

Data 100

5 Reasons Why Manufacturers Who Focus on Customer Experience Will Win

GlobalTranz

Manufacturers have always struggled to know their customers. Unfortunately, this means manufacturers face an even greater challenge, as more customers translate into greater use of customer service. But, our predictions’ post noted how manufacturers are having trouble with transforming customer input into responsiveness and enhancements to the customer experience. But, how do manufacturers turn their focus to the customer experience? Manufacturing

Collaboration? When It Comes to Cash-to-Cash, We Don’t Know How to Walk the Talk

Supply Chain Shaman

True collaboration is systemic. Cash-to-Cash Metrics. Cash-to-cash is a compound metric: (Days of Receivables+Days of Inventory)-Days of Payables=Cash Conversion Cycle. I find it ironic that technology has never been able to move funds quicker, yet we are accelerating financial reengineering processes to make money at the supplier’s expense. market-driven value chains metrics that matter Network of Networks Uncategorized Cash-to-Cash

Wanted: Supply Chain Architects!

Supply Chain Shaman

Let me start with a true confession: I am a manufacturing gal. I relished the sound of a manufacturing line when I opened the door of the factory in the morning, and I liked managing inputs so that we could maximize outputs. Manufacturing is the foundation of my interest in supply chain management. In manufacturing, I became good at labor bargaining. This was the beginning of my journey from manufacturing to understanding larger supply chain concepts.

Sustainable procurement: a platform to rebuild

Proxima

Out of 502 participants from business owners to Directors, 86% said that they currently use sustainability as a metric to help shape decision making within their business. Embrace technology to support your sustainability goals.

Transportation Network Modeling: A Powerful Tool in Greenhouse Gas Emissions Reduction Strategy

Talking Logistics

Supply chain network and transportation optimization can help make better sourcing and multi-stop route decisions that ultimately result in route design that balances low costs with higher service. With the EU and US introducing CO2 emission limits for trucks, the design of these transportation networks needs to change. In 2010, Walmart announced its goal to eliminate 20 million metric tons of GHG emissions from its global supply chain by the end of 2015.

Supply Chain Leaders Rearranging Deck Chairs? Yes, I Think So.

Supply Chain Shaman

The supply chain is complex non-linear system that is easily thrown out of balance through a focus on functional metrics. They rock back and forth in improving singular metrics but struggle to improve a portfolio of growth, margin, inventory performance, and asset utilization.

The Magic Bullet for Real-Time Supply Chain Collaboration? Cloud Visibility.

synchrono

Jessica Twentyman reported in the Financial Times , that for many manufacturers, supply chain collaboration is stuck in the dark ages. Worse still, much of the data that could give manufacturers a complete, end-to-end view of their supply chain already resides within the systems of these partners; as much as 80 percent of it, according to some industry estimates. Frustrated manufacturers report having no idea they were down to the last box of parts.

My Take: E2open Buys Terra Technology

Supply Chain Shaman

As an analyst in the supply chain market for 15 years, I have written many articles on best-of-breed technology companies purchased by a larger company. Today I am writing my take on the acquisition of Terra Technology by E2open. History of Terra Technology. Terra Technology is 15-years old. The initial software product release name was Real-Time Forecasting. E2open sells a cloud-based solution for network collaboration.

Supplier Quality Management: What it is, 5 Key Metrics to Know & a 4 Step Supplier Evaluation Process

GlobalTranz

When you choose a company to transport your freight or to supply you with the materials you need to manufacture a product, you are putting your hard work and reputation in their hands. The next posts in the series will break down metrics and issues to consider in SQM by industry and conclude with a case study on the application of SQM. 5 Key Metrics to Use for Scoring Supplier Quality Management (From LNS Research ).

Why a network model makes sense for today’s automotive suppliers

The Network Effect

Today I want to talk about the challenges faced by today’s automotive suppliers, and why a network model for their supply chain can help. Supply chain organizations within the automotive supplier industry contribute to manufacturing excellence in many ways, including quality, cost, and delivery to their OEM and subsystem customer base. From a measurement perspective the key trending metrics at a high level include: Supplier on time delivery.

Using OEE and MOM with older manufacturing equipment

SYSPRO Smarter ERP

In the first blog on streamlining manufacturing , we discussed how OEE (Overall Equipment Efficiency) and MOM (Manufacturing Operations Management) can improve manufacturing processes. None of this equipment was designed to work in a networked, Internet-based environment.

7 Ways to Strategically Elevate Freight Procurement

Talking Logistics

In the last decade, many companies, especially those with manufacturing operations, have evolved direct materials sourcing from an administrative function to a strategic procurement process. The embodiment of this transformation is the chief procurement officer, an increasingly common title for executives that strategically source goods and services. As a strategic process, transportation procurement may still seem very tedious and challenging.

Building a Triple A Supply Chain: Ten Tactics That Work

Supply Chain Shaman

Third, they align the interests of all the firms in the supply network so that companies optimize the chain’s performance when they maximize their interests. We consistently see that companies focused on functional excellence–a focus within a functional silo like manufacturing, transportation or distribution– or singular metrics– like inventory or costs– underperform against their peer groups. Many try to start with technology.

Project Management for Injection Molding Projects!

Supply Chain Game Changer

The Complete Guide to Project Management Software and Productivity Tips! Having project management offices (PMOs) has now become industry standard as they assure high-quality production runs by adopting precise regulations and procedures, as well as monitoring the whole manufacturing process.

Let the Design Begin…

Supply Chain Shaman

The attendees were sitting on the edge of their seats to hear about the next release of Llamasoft software. The market for network design tools was growing at a moderate rate, and most of the market had invested in technologies from either i2 Technologies (then termed i2 Strategist) or Logictools. This analysis needed to be completed monthly and fed to newer forms of inventory optimization technologies.

Megatrends (Possibly) Shaping Supply Chain Trends: Technology

The Logistics & Supply Chain Management Society

Megatrends (Possibly) Shaping Supply Chain Trends: Technology. The necessity of having a technology scan every few months is becoming essential in today’s world. This article highlights five technology developments shaping the future supply chain.

Measuring Up?

Supply Chain Shaman

The average manufacturing company’s supply chain organization is 15 years old. The supply chain is a complex system with finite, and non-linear relationships between supply chain metrics that drive balance sheet results. We find that companies can improve one, but not two of the metrics. Teams struggle to drive improvement in both metrics at the same time. Analysis of Performance and Improvement by Industry on the Supply Chain Metrics That Matter.

Infor’s Acquistion of GT Nexus: If I Had a Magic Wand

Supply Chain Shaman

As an analyst, when technology providers acquire and divest companies, I get invited to pre-announcement conferences. In these sessions, the technology providers share their rational for the investment and invite questions. Infor–a market consolidator of enterprise software–currently has revenues of $2.8 The most significant for the supply chain market are assets from Baan, Formation Systems, Fygir, Intentia, Lawson, MAPICS, Mercia, and SSA Global.

How Machine Learning Is Redefining Supply Chain Management

IQMS

Bottom line: Machine learning makes it possible to discover patterns in supply chain management data by relying on algorithms that quickly pinpoint the most influential factors to a supply networks’ success, while constantly learning in the process. Key factors influencing inventory levels, supplier quality, demand forecasting, procure-to-pay, order-to-cash, production planning, transportation management and more are becoming known for the first time.

The Top 10 Transportation Management Systems

The Logistics of Logistics

The Top 10 Transportation Management Systems. The answer almost always requires close scrutiny of a companies supply chain infrastructure and the status of its Transportation Management System (TMS). Choosing to implement your first TMS product or deciding to revamp outdated software might seem daunting but long-term savings and increased cooperation along your supply chain is invaluable. Transportation Management Systems. Pitney Bowes Package Management System.

What to Look for in Your Retail Supply Chain Planning Software

ThroughPut

The retail industry has been witnessing unending turmoil over the last couple of years by way of a series of challenges – ranging from shifts in purchasing habits and consumer demands to the vagaries of a relentless global pandemic that continues to trigger seismic upheavals.

9 PLM Software Essentials to Help Advance Your Business

Arena Solutions

If your organization is currently using product lifecycle management (PLM) software or considering it for the near term, you’re part of a growing trend that continues to gain momentum across many industries. What’s Driving the Movement to Adopt PLM Software?

Collaboration Technology for a More Sustainable Supply Chain

Turvo

The value of using technology to reduce wasted time and miles that contribute to higher carbon emissions. The market is loaded with outdated, on-premise, traditional supply chain software that helps track a shipment on a map.

Do Supply Chain Planning systems generate any value?

Kinaxis

by Trevor Miles I have been in the advanced planning and scheduling (APS) space since 1995 when I joined i2 Technologies in Europe. My enhancements were to add the underlying technology and company information at the bottom which gives some context. . Needless to say they have a continued multi-year deployment of the supply chain planning system provided by the ERP vendor. It does not happen overnight, and does require the right fit of technology to drive greater potential.

E-commerce and the Digital Path to Purchase

Enterra Insights

Retailers have always been curious about the paths consumers take when they decide something needs to be purchased. When the Internet and World Wide Web introduced consumers to online shopping (aka e-commerce), the path to purchase became much more complex. Today the digital path to purchase is growing in importance. ”[1] The fact is the digital path to purchase is growing globally — not just in the United States.

Manufacturing Equipment: Is It Time for an Upgrade?

GlobalTranz

On one hand, it would be great to have brand new manufacturing equipment. Besides the expense, meaning you or your management are unwilling to make an upfront investment when the manufacturing equipment has not failed entirely, there are other roadblocks thrown up against upgrading: The fear of change. Don’t forget to consider the impact to your secondary systems such as network infrastructure or field equipment. Why Upgrade Your Manufacturing Equipment?

What I Have Learned Teaching Courses on Market-Driven Value Networks

Supply Chain Shaman

One of the ideas that I am researching and sharing is the concept of building Market-Driven Value Networks. The concepts of being market-driven build on the research that I have done for the last ten years on building Demand-Driven Value Networks (DDVN). I define DDVN as: Demand-Driven Value Networks: A network that senses demand with minimal latency to drive a near real-time response to improve demand shaping and demand translation.

Course 200

How New Supply Chain Technologies Are Boosting Efficiency

ShipBob

But today, these technological advancements are becoming a reality and transforming the logistics industry. Learn about the latest supply chain technology advancements that are boosting efficiency throughout the supply chain and further supporting online brands.

How Do We Heal the Healthcare Value Network?

Supply Chain Shaman

Last week, at Supply Chain Insights , as part of our monthly webinar series, I hosted a panel discussion on the current state of the healthcare value network. Over the last decade, neither the pharmaceutical nor medical device manufacturer has been able to drive the revenue/employee productivity gains of their comparative peer groups. Over history, the major shifts of value networks have been led by individual companies.

Navigating Disruption in MedTech

QAD

The discussion dove deep into the state of the medtech supply chain and manufacturing. Here’s an abridged version of the discussion, highlighting the key takeaways you need to know in the areas of People, Process and Systems. Systems.