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SupplyChain Knowledge and Risk Mitigation: Suppliers have a direct impact on direct spend with raw material and transportation costs as two big drivers of operating margins. For instance, suppliers may have strong Vendor Management process expertise that will help reduce working capital.
In February, Klaus Niebur, the director of global supplychainriskmanagement at Autoliv, and Jan Thiessen, the managing director at targetP!, spoke on best practices on supplychainriskmanagement at ARC Advisory Group’s Digital Transformation in Industry conference.
CLM changed its name twenty years ago to the Council of SupplyChainManagement Professionals (CSCMP) to be more inclusive of the source, plan, and make aspects of supplychainmanagement. In either case, why aren’t we using transportation data to change and define processes from the outside in?
For years, supplychains were engineered to be lean. Reducing cost was the primary objective, and most operational decisionsfrom sourcing to fulfillmentreflected that mindset. Recent years have brought a series of disruptions that exposed vulnerabilities in how supplychains are designed.
Procurement and supplychainmanagement are often used interchangeably—but in practice, the lines between them can blur in ways that create real friction. Misaligned priorities, siloed systems, and unclear ownership can directly impact key performance indicators like cost savings percentage and procurement cycle time.
The survey also found that 9 in 10 supplychain leaders are seeking 3PLs with a consulting offering that provides guidance in setting up their company’s supplychain. These are the top challenges that are driving increased interest in and demand for consulting and managed services.
states, obvious disruptions to supplychains and supplychainriskmanagement were a given. Many of the states affected contained key ports and supply destinations, as well as transportation and logistics hubs. Don’t let your supplychain get blown away by any category of winds.
In this blog, we explore the different types of predictive AI models for supplychainriskmanagement. In our second AI blog of the series, Predictive AI vs. Generative SupplyChain AI , we looked at the difference between predictive AI and generative AI. How does Resilinc use regression models?
SupplyChainRiskManagement Solution from riskmethods. If I was asked to vote for the most interesting solution set that has come to the fore over the last few years, my vote would be for supplychainriskmanagement solutions. SupplyChainRiskManagement Vendors.
In other news… SupplyChainRiskManagement Now a Priority for Most Businesses ( Accenture ). Several reports have been published in recent years underscoring the growing importance of supplychainriskmanagement. Another example of the wrinkles in our lives , and how we respond to them.
Many-to-many can also refer to many participants in a network accessing many, many sources of event data critical to supplychain operations through a public cloud network. But even in more normal times, a supply plan usually can’t be fully executed. The supply ecosystem connects over 630,000 manufacturers and suppliers.
Over the past two years, I’ve written extensively about the growing importance of supplychainriskmanagement and supplychain mapping. See for example: Rethinking SupplyChainRiskManagement. Doing Nothing on SupplyChainRiskManagement.
How the War in Ukraine is Impacting the SupplyChain and Raw Material Prices. Increased Prices Resulting from Shortages and SupplyChain Issues. Increased Shipping Costs, Delays, and Transportation Issues. How Labor Shortages Have Hurt the SupplyChain. Chain Store Age ). Image source: Fortune.
Multiple people familiar with the matter say investigators found that the chips had been inserted at factories run by manufacturing subcontractors in China.” ” Aside from national security implications, the main lesson to be learned here is how vulnerable companies are to risks associated with their supplychains.
But in terms of transportation, the impacts won’t just be on fuel prices. FourKites , a provider of real-time transportation visibility solutions, has a big data set around transportation. While rising gas prices drive up the price of transportation, rising natural gas prices also affect global supplychains.
The SupplyChain Matters blog provides commentary relative to July’s global manufacturing PMI indices relative to data indicating declining momentum, and some contraction among specific global regions. Morgan Global Manufacturing PMI® report, a composite index produced by J.P. Global Wide Production Activity. slipping 2.3
Two recently published studies identify the top disruptions that impacted industry, business and global supplychains during 2024 and our expected to be present in 2025. This data was compiled from Resilincs EventWatchAI , a risk monitoring database provided to customers.
What is supplychainriskmanagement? Supplychainriskmanagement is the process of identifying and managing issues within a supplychain. ordinated approach to implementing strategies to manage both daily challenges and unique risks.
In order to accelerate the learning, this article has gathered 20+ most sought-after supplychain case studies, analyzed/categorized them by industry and the findings are presented. Moreover, the aircraft manufacturers have to do whatever it takes to win the order long before the commencement of production.
In countless surveys over the past decade, manufacturers and retailers rank “improving supplychain visibility” as one of their top priorities. Yet, despite their focus on this effort and advancements in technology, achieving timely, accurate, and complete supplychain visibility remains an elusive goal for many companies.
Learn the supplychainriskmanagement maturity model stages from Supplier RiskManagement to antifragility. The way that businesses talk about (and manage) supplychains is changing rapidly. Supplier RiskManagement What is Supplier RiskManagement (SRM)?
That stated, in certain regions such as across Europe and China , the year continues to present economic and manufacturing challenges. Shipping lines again managed to extract added spot rates and surcharges which have impacted business transportation budgets. Global wide manufacturing activity levels as measured by the J.P.
Everything from contrast dye, to tubing, to medical devices with embedded semiconductor chips would suddenly become difficult to source. Buying organizations use this technology to monitor and analyze supplier risk events in real-time. A customer of the risk solutions begins by listing key suppliers.
Is it possible these things have impacted the sourcing, manufacturing, and delivery of my cologne? I may be overly concerned about the receipt of my order, and I do have some safety stock levels with my current cologne, but since the company has not charged my card, it also make me think about economic risk.
If cost reduction is not the only thing to measuring supplychain performance, that begs the questions: "Maybe we should be measuring other SupplyChainManagement activities and what would they be?". Inventory measurement is critical and it is money after all in that it took a capital expense to procure.
This week, the company announced a reversal in manufacturing and supplychain 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. Pivot Toward Internal Manufacturing Presence.
Where you get these from, or how you source them, can be a huge decision. Sourcing can seem overwhelming if you’re a brand or retail buyer not entirely sure what you’re doing, but it can significantly impact the quality, cost, and availability of your products. What is strategic sourcing? What is procurement?
Author’s Note: The following is the forward I wrote for a new textbook published by MercuryGate (a Talking Logistics sponsor) on “ Modern Technology for Transportation Optimization ,” which is available for purchase on Amazon.com. The word “optimization” is ubiquitous in the supplychain and logistics industry.
New supplychain challenges creating new opportunities : Fundamental shifts in technology are remaking supplychains as we know them, bringing together the digital and physical worlds. Here are some examples: a) 3-D printing is shifting manufacturing to the point of consumption.
LevaData to Transform Strategic Sourcing for Global Procurement and SupplyChain Leaders. Manhattan TransportationManagement Enhancements Enable the Acquisition and Supervision of Additional Shipment Capacity. The same is true for supplychains. Convey Closes $8.25 Million in Series B Funding.
Building Security and Resilience: SupplyChainRiskManagement for Critical Infrastructure July 15, 2024 Case Study Table of Contents Introduction Critical functions, such as information and communication technology, energy, financial services, and transportation networks, underline much of our economic and national security fabric.
Increasing Complexity of Global SupplyChains Geographic Dispersion and Logistics: As companies expand operations globally, managing the timely delivery of spare parts across multiple regions becomes more challenging. However, these shifts can increase lead times and introduce new logistical and quality control challenges.
While multi-industry logistics, transportation and customer fulfilment teams might have languished with a sigh of relief, they are likely to be aware that this new contract is not a done deal yet. Yet, there is still a reported lag times related to movement of containers to intermodal inland rail or surface trucking transportation.
I was talking to a supplychain vice president at an apparel company a few weeks ago. This company owned the brands, but they used contract manufacturing partners to produce the goods in China. Are there customers that might be willing to pick their goods up at the port so they don’t have to pay as much in transportation?
Discover the top geopolitical risks set to affect the global supplychain this year. In 2023—if it wasn’t already—geopolitics became top of mind for every procurement professional. In fact, geopolitics is one of the top five supplychain megatrends this year, which we cover in our highly-anticipated annual report.
Then, as a treat, we have 10 more bonus supplychain trends for 2016 in the form of an infographic from irms 360 Enterprise, a Cloud Warehouse Management System. SupplyChain Trends 2016: 5 Additional More Areas of Focus. A Bigger Focus On SupplyChainRiskManagement, Especially Resiliency.
The geopolitical conflicts to which Resilinc refers include things like trade conflicts and Brexit, which the company asserts pose some of the most potentially costly and disruptive supplychain impacts. The irony here is that corporate risks include companies themselves. 3] Those risks are: 1. ” The year ahead.
SupplyChain Matters provides highlights of February 2023 reported global and regional PMI indices which appear to indicate some stabilization within global supplychain networks. Global Manufacturing Activity Levels Global manufacturing activity as reported by the J.P. United States Two indices of U.S.
Risks in halal supplychains The halal integrity of a brand (and its products) is a function of its supplychain, where a breakage in halal integrity anywhere in a supplychain becomes a breakage of its halal integrity.
SupplyChain Matters provides our monthly highlights commentary and perspectives on published monthly global manufacturing PMI and supplychain activity indices. Now, with September and full Q3 reporting available, global manufacturing activity has officially fallen below the 50.0 The September 2022 J.P.
Supply changes occur when there are fluctuations in the availability or accessibility of raw materials, components, or finished products. These changes can be caused by factors such as natural disasters, political unrest, trade disputes, or disruptions in transportation networks.
Our purpose is to advise clients, industry supplychainmanagement teams and readers as to what to expect in the current year in areas related to supplychainmanagement people, process and technology enablement dimensions.
Our predictions included that uncertainty in global markets and the likelihood of regional economic and manufacturing recession conditions should be anticipated. By all prevailing accounts entering this year, there remained a fair amount of uncertainties and many potential risks. Global-wide manufacturing levels as depicted in the J.P.
SupplyChain Matters highlights a published report indicating that PC maker Hewlett Packard is modifying supplysourcing akin to China Plus and nearshoring sourcing actions. That would include alternatives to China under the umbrella of either China Plus or de-riskingsourcing changes.
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