article thumbnail

Procurement Rising: The Silent Inflation Tax on Manufacturers

ivalua

Ivalua Spend Management Insights [ivory-search] Procurement Rising: The Silent Inflation Tax on Manufacturers February 27, 2023 | | Manufacturing by Doug Keeley Last year, the Consumer Price Index was the highest it has been in four decades, making inflation one of the most concerning macroeconomic factors facing the business world today.

article thumbnail

Inflation + Source-to-Pay Strategies: The Cure for the Common Price Hike

ivalua

Understanding how inflation impacts procurement and then taking action to mitigate its effects is essential for any business looking to stay ahead of the game. How Inflation Impacts Procurement Inflation affects a number of aspects of a business, including its ability to compete in the market, financial performance, and overall strategy.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Best-Cost vs. Least-Cost Sourcing

Talking Logistics

The “reshoring” of manufacturing operations from China and elsewhere to the United States continues to make headlines. A month later, Walmart announced that it will increase its sourcing of US products by $50 billion over the next 10 years. What are some of the main supply chain factors that are fueling this reshoring trend?

article thumbnail

ERP Sustains Manufacturing during COVID-19

IQMS

The COVID-19 pandemic has pushed manufacturers to rapidly shift gears, from addressing work-from-home policies to managing extreme swings in demand and uncertain supply chains. In the process, it has highlighted an aspect of manufacturing ERP that is not as visible in more normal times— business continuity.

article thumbnail

10 Disruptive Issues in the Supply Chain

American Global Logistics

Consumers have seen their purchasing power eroded. Most recently, on February 21, 2024, cyber criminals attacked Cencora , a drug distributor in Pennsylvania. Re-shoring involves moving manufacturing or production back to a country from which it was previously outsourced. That has led to higher prices for goods and services.

article thumbnail

Ecommerce Logistics: From Your Site to Their Doorstep

ShipBob

Ecommerce logistics starts with moving inventory from the manufacturer and lasts until it ends up at the end customer’s destination. Suppliers or manufacturers are those who have inventory ready to ship to a business destination. The top 3 ecommerce logistics trends of 2020. Fulfillment centers.

article thumbnail

Only as Good as Your Data: Why Supply Chain Digital Twins Require Real-Time Data Unification

ToolsGroup

With the advent of true “single source of truth” inventory visibility , a digital twin is a more feasible goal than ever before. Digital Twin Applications For instance, say you’re a manufacturer or distributor. Are you a manufacturer wondering how best to leverage real-time data to elevate your business performance?