7 Trending Business Practices Disrupting Procurement!

Supply Chain Game Changer

7 KPIs Your Procurement Team May Be Ignoring! Procurement is a business function that has undergone a lot of change in the last few years. As a believer in the power of procurement, this recognition makes me happy. procurement #technologyadoption #supplychainmanagement.

Report Indicates Foxconn Was Reconsidering Plans for Wisconsin Manufacturing Facility

Supply Chain Matters

An exclusive published report from Reuters indicates that Apple’s prime contract manufacturer Foxconn was reconsidering plans for its proposed Wisconsin manufacturing facility. based manufacturing complex to be located in Southwest Wisconsin.

Trends 2019: Manufacturing

Enterra Insights

Over half-a-dozen years ago, Brookings Institution analysts, Susan Helper, Timothy Krueger, and Howard Wial, asserted, “Manufacturing matters to the United States because it provides high-wage jobs, commercial innovation (the nation’s largest source), a key to trade deficit reduction, and a disproportionately large contribution to environmental sustainability.”[1] Manufacturing trends. The changing manufacturing environment is often described as Industry 4.0

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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.

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. to manufacturing value added in 2020.

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Apparel and Footwear Supply Chain Meets Industry 4.0 Adoption

Supply Chain Matters

The apparel and footwear industry, one of the earliest adopters of global based, low-cost manufacturing outsourcing is now on the verge of adopting Industry 4.0 Apparel and Footwear Supply Chain Internet of Things Manufacturing Strategies Procurement and Sourcing Product Lifecycle Management Supply Chain Strategy Addidas Futurecraft MFG supply chain Addidas supply chain supply chain advancements in footwear manufacturing Supply chain Matters blog

Procurement Logistics: What Is It & Where Do Logistics Providers Fit In?

Cerasis

Many different terms, such as less-than-truckload (LTL), procurement and transportation management, describe supply chain management processes. For example, transportation management often focuses on the journey of products after manufacturing. Although procurement logistics might sound like it involves the purchasing of manufactured products , it is much more involved. The Definition of Procurement Logistics. What Is Procurement Management?

Procurement Experiences, Trends and the Future!

Supply Chain Game Changer

Check out What is Virtual Procurement and Why Should You Care? Where is procurement, outsourcing, sourcing, supply chain, and purchasing going? We have worked in hundreds of different industries and spend areas over many years in thousands of procurement projects.

6 Manufacturing Trends to Watch Out for in 2016

Cerasis

As we close the year of 2015, we want to take a look at some manufacturing trends for 2016. We look at 6 core areas that manufacturing companies will take a long look at as they gear up for a successful 2016. E-Commerce for Manufacturing. Manufacturing manufacturing trends

Becoming a Valued Busienss Partner: Procurement Analytics SCRC Meeting Insights

NC State SCRC

The December 2015 SCRC meeting was held this week in the brand spanking new Talley Student Center, and was a resounding success. After highlighting some of the results from the IBM study I worked on this past fall on procurement analytics, I introduced Rich Hughes, former Chief Procurement Officer from Procter & Gamble. In streamlining the P2P system, Rick notes that he had to take someone from procurement to go work in AP in finance to fix it.

Manufacturing Quality Issue Turns into a Huge Success Story for Procurement

EC Sourcing Group

If you sell a premium product, manufacturing quality issues can kill your image and your bottom line. The manufacturer made several attempts to rectify the issues but were unsuccessful. The goal for my friend was to find a new supplier that could meet their quality standards – fast.

Automotive Component Supply Strategy Meets Sensitized Regulatory Environment

Supply Chain Matters

million previously recalled vehicles outside of Japan, as well as 650,000 within Japan because of a believed Takada manufactured airbag defect that has the potential to cause personal injury due to faulty inflators within these airbags. Have you ever considered a supply scenario where a key supplier to multiple industry brands encounters a significant or troubling quality problem? Could that scenario be greatly magnified with a highly sensitized regulatory environment?

Customer Segmentation Meets Continued Labor Unrest in High Volume Manufacturing Regions

Supply Chain Matters

Procurement teams of mid-sized brand owners need to be especially cognizant that labor unrest has become much more prevalent within low-cost manufacturing regions and the implications to less influential customers have greater significance. In the footwear and apparel sector, workers at certain facilities of shoe manufacturer Yue Yuen Industrial, located in southern China have walked off the job in a dispute over […].

How to Sustain a Lean Culture in Manufacturing & Supply Chain

Cerasis

These teams and people meet daily in a “huddle” to discuss previous day goals and actual results. Twitter Google+ LinkedIn The post How to Sustain a Lean Culture in Manufacturing & Supply Chain appeared first on Transportation Management Company | Cerasis.

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How VR, 3D Printing & Predictive Analytics in the IOT are Currently Powering the Manufacturing Industry

Cerasis

Newer technologies have created entirely new methodologies for improving manufacturing, and the outlook is brighter than ever. So, let’s take a look at how our predictions for the first four manufacturing technology trends (Predictive analytics, 3D Printing, and VR) to watch for in 2016 stacked up. Predictive Analytics Became Commonplace to Manufacturing. Ultimately, manufacturers no longer have to concern themselves with what might sell well in the coming months.

Paving the Way for Sustainable Public Procurement

EcoVadis

Sustainable public procurement can also be beneficial from the economic perspective: It can generate income, reduce costs and promote innovation among domestic producers. National Procurement Standards. ’s In-procurement Magazine Public spending is big business.

The State of Supply Chain Trends Part II: AI, Procurement, & the New Lean

Cerasis

From artificial intelligence to refocusing on procurement, the state of supply chain continued to explode throughout 2016, and you need to understand why. For example, planning, purchase order placement, manufacturing floor information logistics operations and beyond became essential variables in the goal of creating a more agile supply chain. Also, it bridged the divide between manufacturing operations and service (logistics) operations, explains Springer Link.

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The Future of Procurement Is Upon Us. Are You Ready?

ivalua

Niul Burton wrote a great article in Industry Week titled “Procurement 2025: 10 Challenges that Will Transform Global Sourcing”. For those of you who are executives in Supply Chain, Procurement or New Product Introduction/Development, this is a must read.

Tesla Motors Meets 2015 Delivery Milestones But That Does Not Satisfy All Customers

Supply Chain Matters

Automotive Supply Chain Manufacturing Strategies Procurement and Sourcing Supply Chain Strategy Supply chain Matters blog Tesla Motors supply chainTesla Motors has indicted that it delivered 17,400 vehicles in the fourth quarter of 2015, nearly 50 percent more than the 11,627 vehicles delivered at this same period a year ago. Yet, the bloom is somewhat off the rose when considering certain Tesla customers delivery expectations.

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.

Procurement Leaders Americas Procurement Conference, 14th – 15th March 2019, Miami

ivalua

We look forward to meeting many of our customers and partners at this prestigious conference, which will be held in Miami in March. Ivalua has been developing Procurement Technology for Nearly 20 years and we work with many customers and partners in North America.

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The Future of Energy for Manufacturing!

Supply Chain Game Changer

Today manufacturers must continually look for waste reduction, process improvement and supply chain efficiency to meet competitive pressures and their customers’ cost reduction requirements. What role will energy play in the long-term strategy for manufacturers? Subscribe Here!

Wal-Mart Plans Another U.S. Manufacturing Summit

Supply Chain Matters

manufacturing indicated before a meeting of targeted suppliers: […]. Procurement and Sourcing Retail Supply Chain Supplier Collaboration independent blog analysis and insights on supply chain management Supply chain Matters blog Wal-Mart business initiatives Wal-Mart Made in USA sourcing program Wal-Mart supply chain initiatives

United Technologies Announces Manufacturing Cost Reduction Initiative

Supply Chain Matters

Yesterday, United Technologies (UTC) at its Investor and Analyst Meeting announced a series of efforts to boast profitability. billion multi-year restructuring plan focused on structural manufacturing cost reduction within high-cost locations. Aerospace Supply Chain Procurement and Sourcing Supplier Management aerospace industry supply chain challenges Pratt and Whitney supply chain product innovation Supply chain Matters blog United Technologies Corp

Reflections on the LIVING Supply Chain SCRC Meeting

NC State SCRC

The SCRC meeting was a huge success yesterday. The SCRC meeting featured a group of executives, students, and faculty participating at the Supply Chain Resource Cooperative meeting yesterday in Raleigh, held at the new Talley Student Center on the NC State campus. This discussion was followed up by a great presentation from Vince Messimer, who is retiring from Shell Oil after 34 years with the company as their head of procurement for Shell Manufacturing.

Get Your Manufacturing Processes in Gear for the Holidays

Oracle SCM

Every year during the holidays, anxiety hits shoppers, retailers, and manufacturers alike about whether the season’s hottest products will face shortages. For manufacturers, at least, it doesn’t have to be this way. Partner for Manufacturing Flexibility.

3 Questions to Ask Before Developing Your Strategic Procurement Strategy

AFFLINK

There’s a tipping point where supply chain management is no longer enough: You need strategic procurement. Single-source procurement is efficient, but it’s also risky. And it’s not just the raw materials you need to manufacture your products.

SCRC Meeting Themes Emphasize That Building a Supply Chain Risk Capability is a Multi-Dimensional Journey

Supply Chain View from the Field

The Supply Chain Resource Cooperative concluded its two-day meeting on the theme of “Building a Supply Chain Risk Capability”, which proved to be one of the most popular themes yet that resonated with our audience. We have over 175 executives, students, and faculty attending the event.

Can Sales and Procurement Ever be BFF’s?

NC State SCRC

The relationship between sales and procurement has always been a contentious one, and the idea of a friendship evolving between the two functions is laughable in the minds of many managers I’ve met with. Sales account managers accuse procurement of being purely price focused, and not recognizing the components of value. This situation does not always accrue – as there are cases where harmonious partnerships exist between sales and procurement.

How Does Procurement Create Value? Insights from CPO Speakers at Zycus Horizons Conference

Supply Chain View from the Field

In addition to the procurement executives, I also got to meet Captain Dick Phillips, the captain of note in the film “Captain Phillips” We had a chance to talk about his experience, and he also presented to the group about the incredible experience he went through. Chris Sawchuck from the Hackett Group interviewed three heads of procurement from three large companies, and asked an important question. Does procurement add to top line revenue.

Procurement’s Value Proposition: Gerard Chick Guest Post Part 2

Supply Chain View from the Field

I was recently interviewed by Jon Hansen on Blog Talk Radio , discussing my new book “The Procurement Value Proposition” co-authored with Gerard Chick. In the interview, I discuss some of the major changes going on in the procurement area, and how we are at a crossroads for driving change. Our book, The Procurement Value Proposition , will be released in December. It has already gotten a great review on Buyer’s Meeting Point.

Small Business Manufacturing in America: Innovate, Design, Develop and Manufacture

Supply Chain View from the Field

To achieve this capability, the company has invested a lot of upfront resources that not a lot of manufacturing companies in North America have today. This gives us a unique business model and helps us influence the parts to ensure that they are optimized for our manufacturing floor, and helps us to influence it so that we can bring to bear our deep market knowledge of the accessories we build for our OEM customers.” I believe this is the new model for American manufacturing.

Kraft Heinz Stunning Financial Stumble- A Watershed Industry Development

Supply Chain Matters

Respond to an ongoing SEC investigation regarding the company’s procurement practices that led to a $25 million charge in the latest quarter for reported higher inbound direct material and other costs that should have been recorded in prior quarters.

Getting Sales and Procurement onto the Same Team

NC State SCRC

The relationship between sales and procurement has always been a contentious one. Sales account managers accuse procurement of being purely price focused, and not recognizing the components of value. Procurement executives on the other hand complain that sales account managers are always trying to “work around them”, and to make the commercial sale to engineering, operations, clinicians, or other business stakeholders.

Report Indicates that Airbus Nearly Accomplished its 2018 Full Year Production Goal

Supply Chain Matters

A report indicates that Airbus’s Commercial Aircraft business came very close to meeting its target for commercial aircraft deliveries in 2018. The reason is likely very obvious to many of our readers with seasoned manufacturing and supply chain management experience.

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