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Spend Matters recently released their Spring 2025 SolutionMap for RiskManagement , and we’re pleased to share that Resilinc has maintained a strong position ahead of competitors in the SupplyChainRiskManagement module. customer satisfaction score.
Over the years, working for and with numerous manufacturing companies, I’ve seen many supplychain practices that cost companies money. Reason #4 Making key decisions by modelling the supplychain in Excel. Reason #5 Not having a supplychainriskmanagement process. by John Westerveld.
Second, many supplychains still lack visibility beyond Tier-1 suppliers. When a critical Tier-2 supplier is affected by a tariff policy change or regional shutdown, the ripple effects often catch manufacturers by surprise. Piloting them in high-risk or high-margin areas is often the best way to prove their value.
DEALING WITH UNCERTAINTY IN THE MODERN SUPPLYCHAIN In today’s global economy, manufacturers are navigating a landscape riddled with uncertainty. From escalating tariffs and geopolitical instability to natural disasters and labor shortages, the pressure on supplychains has never been greater. The result?
Supplychainriskmanagers have a dilemma. Journalist Thor Benson reports that tuning out bad news might be good for their mental health; however, riskmanagers know tuning out bad news wouldn’t be good for business. Missed opportunities are another equal source of extraordinary risk.
Sure, supplychain cost reduction is important in reducing the cost of goods sold (COGS) and increasing profit, but there are other measurements which should not be forgotten. 3 Key Metrics for Measuring SupplyChain Performance Beyond Cost Reduction. Read more. . Read More. . Read More. .
Platforms should support structured collaboration from intake management to invoice automation. Measuring and Improving Procurement Strategy Performance A successful procurement strategy is data-driven andsupports continuous improvement across key metrics such as cost savings, supplier performance, delivery reliability, and ESG compliance.
Platforms should support structured collaboration from intake management to invoice automation. Measuring and Improving Procurement Strategy Performance A successful procurement strategy is data-driven andsupports continuous improvement across key metrics such as cost savings, supplier performance, delivery reliability, and ESG compliance.
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.
Unfortunately, most supplychain executives and their teams focus predominantly on just two factors, the tradeoffs between cost and service, with risk rarely entering the conversation — until a disruption occurs and then everyone goes into panic mode. And the first step is asking “What are the risks?”
I can recall a case study when I was in business school where a profitable, fast-growing manufacturer nonetheless went out of business. The Rule of 40 was popularized by venture capitalists in recent years as a key performance metric for SaaS firms. on this metric. The problem? Their cash flow did not keep pace with their sales.
SupplyChain Disruptions: A Survival Guide. Do you feel supplychainriskmanagement is too complicated to implement? This article will show you how one of the worlds leading companies put a theory into practice and survive many supplychain disruptions. Case Studies. Gather around! Discussion.
SCM is focused on efficiency, throughput, and resilience across a much wider operational footprint and requires coordination between manufacturing, logistics and supplychain, and demand planning teams to ensure timely fulfillment and quality assurance. on-time delivery, quality), contract compliance rate, and forecast accuracy.
by John Westerveld Over the years, working for and with numerous manufacturing companies, I’ve seen many supplychain practices that cost companies money. Reason #4 Making key decisions by modelling the supplychain in Excel. Reason #5 Not having a supplychainriskmanagement process.
There can be surprises that potentially offer a better upside: demand is higher than expected, it is possible to raise prices without affecting demand based on what is happening with competitor products, technology has allowed manufacturing capacity to ramp up faster than expected, etc. E2open acquired BluJay Solutions in May of 2021 for $1.7
Over the years, working for and with numerous manufacturing companies, I’ve seen many supplychain practices that cost companies money. Reason #3 Not having end-to-end supplychain visibility. Reason #4 Making key decisions by modelling the supplychain in Excel. by John Westerveld.
Spend Matters recently released their Spring 2025 SolutionMap for RiskManagement , and we’re pleased to share that Resilinc has maintained a strong position ahead of competitors in the SupplyChainRiskManagement module. customer satisfaction score.
A common challenge for procurement and supplychain professionals is obtaining support from C-level leaders to invest in a robust supplychainriskmanagement (SCRM) program. But to make their strongest case, SCRM advocates need to focus on one key metric: return on investment. Contact us today.
Customization is provided for 5 different supplychains (for example, make-to-order, make-to-stock, etc.) The company has been on a supplychain transformation journey since 2005. It started in manufacturing and spread, step by step, to improvements in the way the company runs its supplychain.
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.
Amid todays unpredictable environment, supplychainriskmanagement has taken center stage for most product companies striving to maintain resilience and efficiency. Geopolitical tensions, tariffs, inflation, and labor shortages have heightened risk exposure, significantly impacting business performance.
In manufacturing, IoT sensors ensure that each step of the process is tracked, ensuring that all materials meet required quality standards. Another challenge is device compatibility—different manufacturers produce IoT devices with varying standards, making it difficult to ensure frictionless communication between systems.
Subscribe to SupplyChain Game Changer. SupplyChainRiskManagement is a Cirque Du Soleil Calibre Act! In today’s world, supplychains are more important than ever. In fact, 89% of businesses encountered a supplier risk event in the last five years. Manufacturing.
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.
Raw Material Shortages Are Affecting a Challenged SupplyChain. 49% of respondents were from the manufacturing industry, 16% from the mechanical engineering sector, and 11% from the automotive market. 95% of supplychain executives report having a formal supply-chainrisk-management process following Covid-19.
Imagine this scenario; you are a supplychain executive for a major U.S.-based based electronics manufacturer. There has been a major earthquake in Chengdu, China… where several of your key items are manufactured. What customer orders are impacted, what revenue is impacted, how does this impact your manufacturing plans.
Lead times are in weeks and months in cases where manufacturing is outsourced to firms on the other side of the earth. Linear supplychains as we know them are turning into supply networks with more players and parties than ever before. To understand the geopolitical risks, all you need to do is to turn on network news.
Unfortunately, most supplychain executives and their teams focus predominantly on just two factors, the tradeoffs between cost and service, with risk rarely entering the conversation — until a disruption occurs and then everyone goes into panic mode. And the first step is asking “What are the risks?”
Common sense alone tells you automobile manufacturers face different risks than cosmetics manufacturers. ”[1] The report focused on four key metrics: supplier criticality, supplier financial risk, global sourcing risk, and foreign exchange risk. Identifying risks. .”[3]
Those with a proactive approach have proven themselves to be ahead of the curve and able to prove results not just in savings, but across other key business metrics. Conventional thinking about supplychains and supplier risk is outdated. Conventional Thinking is Outdated.
Amid todays unpredictable environment, supplychainriskmanagement has taken center stage for most product companies striving to maintain resilience and efficiency. Geopolitical tensions, tariffs, inflation, and labor shortages have heightened risk exposure, significantly impacting business performance.
You may be part of an organization whose leaders understand that supplychainriskmanagement (SCRM) is a strategic imperative, and your SCRM may already be mature and delivering a return on investment. 4) The supplychain organization’s operational review includes evaluation by the corporate risk team.
Building upon the IT discussion in the first session, Adrian Gonzalez dives deeper into some key metrics and assessment questions companies should consider when assessing the IT capabilities of their 3PL partners. Transportation Management. Warehouse Management. Global Trade Management. SupplyChain Planning.
Issues with Many SCRM Programs Supplychainmanagement and supplychainriskmanagement (SCRM) have become a greater priority for businesses and government organizations in the last five years, according to Gartner.
Like most readers of Resilinc’s blog, you probably agree that improving supplychain resiliency should be a core strategic goal for your company—and for any large manufacturing company. Or you may be in the early stages of seeking buy-in from C-level leaders for a supplychain resiliency effort.
In this SupplyChain Matters posting we highlight published September 2022 indices of global supplychain volatility ( GSPI ) and US Logistics Index ( LMI ) activity trends along with our view of the implications. The takeaway for September was that global manufacturing activity officially fall below the 50.0
Predictable risks are still causing significant losses on a daily basis. Many organizations are losing millions, and in some Global 3000 cases, billions of dollars a year due to ineffective supplychainriskmanagement and monitoring. Sustainability performance metrics also enable creation of risk maps.
Several articles and reference books have highlighted Joe’s procurement transformation accomplishments at Lucent Technologies, Juniper Networks, and in the area of SupplyChainRiskManagement. How has the Business and SupplyChain changed over the course of your career?
One of the most complicated processes in any manufacturing business is the supplychain. Regardless of industry; automotive, high tech, life science, or consumer packaged goods, the supplychain (even before Covid-19) was a complicated entity. On any given day, one of the links in that chain could break.
PFAS are also used in the photo-resistance process in semiconductor manufacturing. PFAS are all over the place—semiconductor companies are trying to identify where PFAS are in their supplychains so they can take action. Analyzing the supplychain after you’ve built it is important.
Every year good supplychain visibility eludes almost half of the supplychain leaders in our annual KPMG Global Manufacturing Outlook survey. The execution layer includes a suite of purpose-built applications that are designed to manage different aspects of the supplychain. Why is this?
At LogiChem, attendees interacted through roundtables and panel discussions on topics that identified best practices around inventory and supplychainmetrics, third party logistics provider (3PL) management, rail logistics strategy to combat the driver shortage dilemma, and a host of other topics.
The overall takeaway from the July data was that global production momentum had begun to stagnate and in some regions such as the Eurozone, Taiwan, and to some extent , certain manufacturing regions of China, PMI values had reached contraction levels. . Global SupplyChain Pressure Index.
Industrial Manufacturing. In this blog I will focus on first couple of sub process of demand planning cycle - 1) Setting up demand planning objectives and metrics for different business units/customers/key items/locations 2) Setting up the frequency of the forecasting process (create/review/publish) with the time horizons. Automotive.
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