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Outsourcing Sourcing! 5 Lessons from Around the Globe!

Supply Chain Game Changer

Check out What is Virtual Procurement and Why Should You Care? Doing business with suppliers located overseas or in another country can be an overwhelming and daunting task even for expert Sourcing professionals. He knew what his cost point had to be on the product which meant that he had to have the product manufactured overseas. But beyond that he had no idea on where to start to source his product. The post Outsourcing Sourcing! Subscribe Here!

What is SCM and Why is it Important?

Oracle SCM

The acronym SCM stands for supply chain management. It refers to the systems, processes and software packages used by organizations to manage day-to-day operating activities such as, new product development , demand, supply and sales & operations planning , procurement , logistics , order management , manufacturing and asset maintenance. SCM systems provide a strategic advantage and business insight to companies and their operations. SCM Fundamentals.

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Procurement Outsourcing – Keep your Integrity!

Supply Chain Game Changer

Like so many professionals Procurement people are very proud. But at some point in their careers, especially in the age of Outsourcing, they are likely to have to deal with potential suppliers who provide Procurement services. Procurement typically negotiates deals for other functions like I/T, HR, Manufacturing and every other area in the company. When selling Procurement Outsourcing services you need to have a lot of credibility to begin. Subscribe Here!

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? Secondarily, we will include information from other procurement professionals and procurement firms about their experiences, what they forecast, and what they are seeing. We have worked in hundreds of different industries and spend areas over many years in thousands of procurement projects. Subscribe Here!

Indirect Procurement – It’s Time to Rise and Shine!

Supply Chain Game Changer

Yet the lack of attention and focus that Indirect Procurement is often given is inconsistent with the true importance of this area. Indirect Procurement takes a back seat to Direct Procurement unfortunately. But it is time for Indirect Procurement to stand up and be counted! The Importance of Indirect Procurement! Indirect Procurement is referred to by many different names. It might be called Non-Production Procurement or MRO for instance.

Supply Chain Analytics- Towards Intelligent Manufacturing

ThroughPut

Supply Chain Analytics aims at enhancing the manufacturing operational efficiency and overall operational effectiveness by enabling informed data-driven decisions across the factory floor. It provides great value to them by: • Enabling better sourcing decisions based on supplier performance.

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. Many manufacturers lack the end-to-end supply chain visibility and flexibility needed to plan for demand spikes, but you can improve your demand-planning capabilities by outsourcing at least some of your production processes.

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What Exactly Is Supply Chain Management? 10 Different Definitions!

Supply Chain Game Changer

Yet all of the functions that we now associate with Supply Chain have been around for a very long time: Planning, Inventory Management, Logistics, Procurement and Purchasing, Warehousing and many more. I worked in Materials Handling, Packaging Engineering, Warehouse Space Planning, Resource Planning, Procurement, Inventory Management and Control, Production Control, Systems Management and other areas. SCM involves the flow of materials, finances and information.

Market Beat. Four Thumbs Down and One Thumb Up.

Supply Chain Shaman

Globally ten percent of jobs are in manufacturing, while 37% are associated with supply chain management. The discipline, first defined in 1982, includes source, make, deliver, and planning functions. Coupa is well funded and performed well in the indirect procurement software market.

Are We Facing the End of Supply Chain Management?

Supply Chain Game Changer

Blog post originally published by, and permission to publish here provided by, Argentus at [link] , a boutique recruitment firm focused on Supply Chain and Procurement. The HBR article outlines an interesting development: more retail and manufacturing companies are adopting “digital control towers” for their supply chains. Companies will always need people who can build relationships with vendors when conducting large-scale Procurement. Subscribe Here! Email Address.

7 Steps to Product Procurement Pricing that Suppliers Can Support

Supply Chain @ MIT

A new tool enables procurers to negotiate product prices without bargaining away supplier goodwill. When bargaining with suppliers over a product price, how can procurement professionals secure the best deal without damaging a valued relationship by being overly aggressive? It won first prize in this year’s annual competition for the best SCM thesis. This critical step relies on the knowledge and expertise of the procurement professional. Fair deal.

Commodity (or Category) Management – What is your Buying Strategy?

Supply Chain Game Changer

Check out What Exactly Is Procurement? A well constructed Procurement Strategy will raise the value of the Supply Chain to your company. “Commodity Management” may also be referred to as Category Management, Strategic Procurement or Merchant Management for instance. I use the term Commodity Management to represent the strategic procurement of materials regardless of what specific industry or company vernacular you may use. Diversity in sourcing.

Importing From China! The Essential Guide! (Video)

Supply Chain Game Changer

The most important factor is that due to the lower cost of materials and wages, China can manufacture goods for a far more reduced price. What’s more, due to their expertise in mass production Chinese manufacturers are able to deliver a level of speed and efficiency unmatched by any other nation. This indispensable guide offers a helpful run-down of product selection, sourcing suppliers, shipping, and more. China #Import #Export #Logistics #SupplyChain #SCM #Freight.

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[INFOGRAPHIC] 3 Core Supply Chain Management Trends Gearing Up to Change SCM Forever

Cerasis

Jabil sponsored a global Dimensional Research survey to capture hard data on current experiences, challenges and trends with the supply chains of electronics manufacturing companies. The 3 Big Supply Chain Management Trends Surely to Change SCM as we know it Forever. Data can indicate issues with procurement , product quality, and delivery. A trend in dual/multi-sources helps to provide additional supplier sources in the case of any concerns.

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Global Sourcing and Human Rights Go Hand in Hand

NC State SCRC

Low-cost country (LCC) sourcing is now a commonplace strategy for shrinking bottom line labor and material costs in most consumer products industries, including apparel, footwear, toys, and other manufactured products. The on-going tariffs levied by the Trump administration in 2018 against China has also made this option significantly more expensive for sourcing.

Supply Chain Impacts of an Increasingly Protectionist World!

Supply Chain Game Changer

And they had no experience or expertise in global procurement, sourcing, or vendor management. But it was also clear that the goods they wanted to buy could only be procured from these other countries. This was not just a matter of low-cost sourcing. But many of their goods included unique materials or unique manufacturing techniques and skills which were indigenous to the countries they were buying from. SupplyChain #SCM #Business #Leadership.

How To Differentiate With A Supplier Relationship Management (SRM) Program!

Supply Chain Game Changer

In some cases, purely transactional suppliers in regional or out-sourced models may be placed below the level of “approved” in this model. All levels of the organization must be involved, from the procurement person responsible for the supplier up through the CEO, depending on the value of the supplier. The sourcing or procurement function will own the relationship and manage the overall process. Procurement must clarify long-term cost requirements clearly.

Supply Chain Collaboration – The New Way to Drive Value!

Supply Chain Game Changer

On the supply side, however, there is less and less room for manufacturers to absorb additional costs as volatile input prices put the squeeze on margins and the marketing investment required to differentiate branded products from private-label competitors continues to rise. As a sourcing manager, you may need to go outside your comfort zone to think about new, innovative ways to collaborate for achieving sustainability because Collaboration comes in more than one flavor!

This is NOT thought leadership, it’s practical talk about Supplier Value Management

ivalua

attempt to make a point about the relative value of strategic sourcing, I failed to realize that thought leadership is apparently the exclusive domain of pundits. So please forgive this regrettable oversight and kindly note that my opinions are born from firsthand discussions with manufacturers, a steady diet of market research, and a practical desire to identify and solve real customer challenges with enabling technology. Uncategorized strategic sourcing supplier value management

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Confessions of a High Priced Expediter!

Supply Chain Game Changer

The manufacturing lines were up and running and we were meeting our customer commitments again. The spreadsheet format I developed to track the status of each part was critical because it became the document of record and the single source of the truth. The local buyers at each manufacturing location had the real day to day insight as to what was going on but they didn’t have the supplier contacts to resolve their issues. Subscribe Here! Email Address.

Is S&OP an expensive band aid?

Kinaxis

Islands of information: Over the last two decades organizations made quite a bit of investment into Supply Chain Management (SCM) systems. Majority of the established vendors in the SCM space have grown into these disparate planning functions through acquisitions. This ability to harmonize and surface the right data is even more critical in today’s world where increasing amounts of data comes from external sources such as contract manufacturers or channel partners.

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Screen Time! Is That Enough To Be Good In Supply Chain?

Supply Chain Game Changer

There are over 4 Billion internet users worldwide spending over 6 hours per day on their devices (Source: [link] and [link] ). The number of IoT (Internet of Things) Connected devices is expected to grow from 23 Billion in 2018 to 31 Billion by 2020 and up to 75 Billion devices in 2015 (Source: statistic.com). I have spent a phenomenal amount of time in Warehouses, on Manufacturing floors, in Distribution Centres, at Supplier locations, and in Customer offices.

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The Great Gap Year of 2020

Bristlecone

Someone still has to produce cars; develop real estate and build homes; manufacture carpets, faucets and tile; process food items; produce movies; etc. Last Node of the Supply Network: Gain visibility into the last level of the supply node in the case of single or multi-sourcing.

This is NOT Thought Leadership, it’s Practical Talk About Supplier Value Management

ivalua

attempt to make a point about the relative value of strategic sourcing, I failed to realize that thought leadership is apparently the exclusive domain of pundits. So please forgive this regrettable oversight and kindly note that my opinions are born from firsthand discussions with manufacturers, a steady diet of market research, and a practical desire to identify and solve real customer challenges with enabling technology. Blog Supplier Value Management Strategic Sourcing

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Why is Supply Chain Such a Great Career Path?

Supply Chain Game Changer

What is Supply Chain Management (SCM)? “Supply chain management (SCM) is the broad range of activities required to plan, control and execute a product’s flow, from acquiring raw materials and production through distribution to the final customer, in the most streamlined and cost-effective way possible. These jobs could involve working in a Warehouse, Distribution Centre, Manufacturing operation, or in an Office environment, or all of the above. Subscribe Here!

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Quantum Leap to the Top 10 Supply Chain Skills of the Future!

Supply Chain Game Changer

It is important to know that these changes are not just impacting Manufacturing, Engineering and I/T. Advanced robotics can be implemented within both your Manufacturing facilities and your Distribution Centres and all movement can be monitored, managed and adjusted from a Control room. They must be able to work with I/T, Engineering and Manufacturing collaboratively so that they can create the future! Organization #SupplyChain #Technology #Jobs #SCM #Future #HumanResources.

Are These the 5 Biggest Fallacies in Supply Chain or is it Fake News?

Supply Chain Game Changer

Argentus is a boutique recruitment firm focused on Supply Chain and Procurement. It’s becoming more strategic, as companies integrate their Supply Chains and use them as a source of competitive advantage – instead of just a back-office function. The goal is to make the origin of goods more transparent, allowing companies to prove that goods haven’t come from workers under abuse or unsustainable sources. Subscribe Here! Email Address.

To Centralize or to Decentralize? That is the Organization Design Question!

Supply Chain Game Changer

Outsourcing Sourcing! Planning, Scheduling, Sourcing, Costing and Pricing, Commodity/Category Management, Buying, Logistics Management, Inventory Management, Quality Management and many other functions are all a part of the Supply Chain. manufacturing locations, distribution centres), geographically dispersed suppliers, and international customers the need to determine whether a centralized or decentralized structure is critical. Subscribe Here! Email Address.

The Supply Chain Control Tower! An Assessment!

Supply Chain Game Changer

Here are some of the key capabilities to look for in a control tower solution: End-to-end Visibility – visibility across supply chain partners, including suppliers, contract manufacturers, transportation carriers, third-party logistics. Image Source: Slideshare. Check out The 3 Pillars of Digital Procurement! SCM #SupplyChain #Technology #Industry40 #Digital #Leadership. Subscribe Here! Email Address.

To Centralize or to Decentralize? That is the Organization Design Question!

Supply Chain Game Changer

Check out Outsourcing Sourcing! Planning, Scheduling, Sourcing, Costing and Pricing, Commodity/Category Management, Buying, Logistics Management, Inventory Management, Quality Management and many other functions are all a part of the Supply Chain. manufacturing locations, distribution centres), geographically dispersed suppliers, and international customers the need to determine whether a centralized or decentralized structure is critical. Subscribe Here! Email Address.

New Flex CEO Revathi Advaithi Highlights our LIVING Supply Chain Book

NC State SCRC

I recently learned that the new incoming CEO of Flex, one of the largest global contract manufacturers in the world, has highlighted the book I wrote with Tom Linton last year called the “LIVING Supply Chain: The Imperative of Operating in Real Time” The CEO, Revathi Advaithi, noted in one of her opening messages to shareholders and the public, that real time data is essential for delivering supply chain accuracy.

The Humble Label in Supply Chain – Too many of them are in use!

Supply Chain Game Changer

I retired from a multi-national supply chain management company to become a co-owner of a label manufacturing company, which was a real culture change for me. In the past discussions were held with a Director or Vice President of Supply Chain or Procurement or even the Chief Operations Officer about the design or re-design of the Supply Chain. In my new position, I get to meet the buyers or an executive in charge or procuring labels. Subscribe Here! Email Address.

Seasoned Leadership in Action™! An Interview with Michael Massetti, VP at Gartner!

Supply Chain Game Changer

The biggest career transformation for me was after leaving Dell when I joined Lucent in 2002 and entered supply chain in technology sourcing. We achieved recognition both internally and externally for our sourcing and procurement accomplishments in the spend management area. It was not until later in the 1980s that the loose federation between planning, purchasing, manufacturing, and logistics started coming together as an end-to-end entity called supply chain.

Multimodal 2015 – Advanced Supply Chain Management and Logistics for Cargo Owners

Supply Chain Movement

It is this ability to present the entire freight transport and logistics supply chain under one roof that makes Multimodal the go-to event for shippers, importers, exporters, manufacturers, wholesalers, retailers – all seeking ways to run a slicker supply chain. Manufacturers. Events Clarion Events distribution managers event freight transport logistics Multimodal NEC Birmingham procurement directors shipping managers Supply Chain Directors traffic managers

What Exactly is Blockchain? And How Does it Work? (Infographic)

Supply Chain Game Changer

Source: [link]. Source: Wikipedia [link]. Source: [link]. Source: [link]. ” Source: [link]. Source: [link]. Material Suppliers, Manufacturers, Distributors, Shippers, Carriers, Logistics companies, and Customers all want to know where goods are in the Supply Chain. ” Source: [link]. Selected as one of the Top 75 Supply Chain Blogs, and one of the Top 25 Procurement Blogs, on the Internet. Subscribe Here!