This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Today, we published The SupplyChains to Admire for 2023. Nvidia, Northrup Grumman, PACCAR Inc, PCA (Packaging Corporation of America), ResMed, Rockwell Automation, Ross Stores, Taiwan Semiconductor Manufacturing (TSMC) Company, Tempur-Pedic, TJX, Toro, Toyota, West Pharma, United Tractors, and Urban Outfitters. I admit it.
GEP and the North Carolina State University (NCSU) SupplyChain Resource Cooperative surveyed supplychain, procurement and IT professionals across a range of industries to gain insight into their priorities and strategies regarding supplychain resilience and optimization.
If the word collaboration was listed on a card as a drinking game at supplychain conferences, we would be drunk at many. While we speak of collaboration, the focus is on driving enterprise results not value in value chains. Cash-to-Cash Metrics. Here I share perspective on cash-to-cash abuse. I am troubled. My takeaway?
Last week, at SupplyChain Insights , as part of our monthly webinar series, I hosted a panel discussion on the current state of the healthcare value network. Hosting this webinar series is one of the favorite parts of my job as the Founder of SupplyChain Insights. Power is shifting to the hospital.
Editor’s Note: This is the first in a three-part series on Supplier Quality Management processes and how to evaluate your suppliers from Chuck Intrieri of The Lean SupplyChain. Therefore, it is paramount for you as a logistics and supplychain professional to have a keen sense of how to properly evaluate a supplier.
“If only I had the money that the company was supposed to save from the multiple ERP and supplychain projects. This year supplychain leaders will celebrate thirty years of progress in supplychain management; but we have not made progress on one of the funamentals: inventory management. I really do.
Bowman, SupplyChainBrain The European Union is on the verge of rolling out a reporting regulation that promises to have a huge impact on businesses selling into the region. The DPP “represents a significant advance in product transparency and sustainability,” according to an EU report published in September of 2024. “As
In supplychain management, it is widely accepted that holding enough finished goods inventory to fulfill every order is just too costly. Ipsen , a global bio-pharmaceutical company with $3 billion in annual revenues, disproves that. Ipsen , a global bio-pharmaceutical company with $3 billion in annual revenues, disproves that.
Supplychain planning in emerging markets is different. Gartner analyst Debashis Tarafdar says that the large size of a country (like India, China or Indonesia) can mean “significant polarization of population between urban and rural with distinctly different buying capabilities and purchasing preferences. Transfer taxes.
We’re talking real-time tracking, automated purchasing, and a whole lot less stress. Automated Purchase Order Generation: Maintain optimal stock levels by automatically generating purchase orders when supplies run low. It’s not just a nice-to-have; it’s the key to staying competitive.
Why SupplyChain Visibility is Critical Hope King, Axios Events Host & Moderator I do want to start big picture because Exiger’s AI is built to provide transparency into supplychains. We’re completely fragile to the supplychains that support us. You need to be able to map those supplychains.
When it comes to the management of inventory in value chains, frustration abounds. Executive, after executive, lament, “They have purchased many technologies and sponsored many projects to reduce inventories, but they are not seeing results.” The supplychain is a complex system with increasing complexity.
Higher spikes for lumber and building supplies. A shortage of pharmaceuticals in Puerto Rico. I know of few areas in supplychains discussion that raise as much dialogue or ire. ” At the other end of the continuum is the argument that “ Forecast error is the most important metric to improve.”
Government, healthcare, and pharmaceuticals will likely maintain a focus on strengthening their pandemic risk assessments. Other industries will focus on developing or enhancing their risk assessment plans to identify emerging threats within their supplychains and other areas.
From receiving and storing inventory to picking, packing, and shipping orders, there are critical functions that occur within the warehouse that keep your supplychain running smoothly. Warehouse functions are the essential activities performed within a warehouse that ensure products move efficiently through the supplychain.
In my previous role as Vice President of SupplyChain, I saw just how abruptly things can go awry in pharmasupplychains. One year, just before the holidays, we lost five batches of API (the active pharmaceutical ingredient that goes into pills) due to a caking issue. Would there be a stockout?
To achieve this the customer shares information on sales and product needs with the supplier, who is then able to ensure the correct amount of inventory is supplied. VMI creates efficiencies in the supplychain as it ensures data from sales is a key part of the inventory management system.
Our look at the Top 25 (plus 4) SupplyChains of 2018 examines how the best companies in the world excel at managing their global supplychains. One of the most popular articles we’ve ever done is our look at analyst group Gartner’s annual ranking of the Top 25 SupplyChains.
SUMMARY: Because 4PL providers handle a company’s entire chain, including challenges that are thrown up by advances in technology, they are increasingly being favoured over third-party logistics (3PL) providers, especially by big companies with complex supplychains. the digitisation of manufacturing. What is 3PL?
It is no secret that modern supplychains are increasingly exposed to risks that can result in increased operational costs, large losses, and long term damage to your corporate reputation. Predictable risks are still causing significant losses on a daily basis. How do suppliers CSR performance compare to their peers?
Like any industry, in SupplyChain and Logistics we have a lot of Acronyms and Abbreviations. 4PL 4th Party Logistics – A step beyond 3PL, 4PL providers manage the entire supplychain for a client. APS Advanced Planning Systems – Software tools that use complex algorithms to optimize supplychain planning.
Also, this is the most preferred delivery method for selling time-sensitive products in the pharmaceutical industry. It has become a priority for the pharmaceutical industry as it meets the customers’ need for convenience and safety. Why has it become essential to deliver medicines on the same day or on-demand? Saves time and money.
Before the United Nations Global Compact Leaders Summit in New York City June 22, a pre-conference roundtable session on supplychain sustainability was held at the UN Headquarters. EcoVadis Senior Account Executive Daniel Perry was invited by UNGC to present, and has reported here on the discussions and outcomes of the workshop.
A busy surgery center like Springhill requires rock-solid supplychain management; but, that didn’t always happen. When I would get ready to place orders, I‘d have to go to each of four different departmental supply rooms, manually check the number of supplies in inventory and write down what I wanted to order,” Crow explains.
What is also real is the impact it has on supplychains. In fact, it will not be a stretch to say that climate change is currently the biggest threat that global supplychains are facing today and is responsible for shortages and disruptions in several industries. Three stages of building a sustainable supplychain.
A manufacturer with 40% gross margin is doing very well in most industries, although there are notable exceptions in pharmaceuticals and a few other manufacturing industries. Supplychain planners or buyer/planners are people who must determine how much should be procured, when, and where. These tools are very helpful.
Operational bottlenecks in the form of downtime, production quality issues, and process delays can emerge anywhere, at anytime, along your supplychain, creating an irreparable dent to your revenue streams. According to McKinsey, SupplyChain Management is in the top three areas to benefit most from AI adoption.
When you invest in goods and raw materials, you lock part of your cash flow into those purchases. Demand forecasting Demand forecasting is a process that combines technology, industry research, and sales analytics to predict which products customers are likely to purchase, in what quantity, and how often.
This year over 20% of purchases are expected to take place online , compared to 17.8% As technology advances and even more customers’ preferences shift in this direction, the last leg of delivery is one of the most challenging and important parts of supplychain management. Although they reported $75.5
Operational bottlenecks in the form of downtime, production quality issues, and process delays can emerge anywhere, at anytime, along your supplychain, creating an irreparable dent to your revenue streams. According to McKinsey, SupplyChain Management is in the top three areas to benefit most from AI adoption.
A barcode inventory system allows goods to be tracked along the supplychain and within a company’s storage facilities. In the healthcare and pharmaceutical industries, for example, barcode inventory systems will reduce medication errors when implemented correctly. Barcode inventory systems improve data analysis.
We finished our report on the maturation of hospital supplychains , and I have put the finishing touches on the Healthcare SupplyChain Index for this Thursday’s webinar. New SupplyChain Leader of a Regional Children’s Hospital. “We SupplyChain Leader of a Large Hospital. “We
Using this logic, a grocery retailer’s forecast could project demand for 3-5 months (typical), while a consumer-packaged goods (CPG) company’s forecast could be 12-18 months, and a pharmaceutical company’s forecast could be 4-5 years. Models Matter. Starting to understand the issue with multi-tier demand planning?
In the first post our long tme guest blogger, Chuck Intrieri of The Lean Supply Chai n, gave us 5 core metrics to evaluate supplier performance using supplier quality management and a 4 step process to execute. Review of SQM Metrics and Issues Across 5 Core Industries. #1: 1: Pharmaceuticals. 1: Pharmaceuticals.
Second is the broader strategic importance: As the macroeconomic environment tightens, and tariffs start to bite harder, it will be crucial to both lower operating costs and also protect against increased volatility. Inventory is capital sitting on the floor. A WMS is only as good as the data you feed it.
Picking also directly impacts the throughput metric, hence improving the productivity and speed of the picking process, which directly improves the throughput of the distribution center. ’ reports OSHA. Bagged produce has different requirements than dairy, and pharmaceuticals have different requirements than paper goods.
The COVID-19 pandemic caused unprecedented global supplychain disruptions, impacting the flow of parts and finished goods around the world. The disruption caused by COVID-19 is unique in that it impacted supplychains across all industries.
We are watching the redefinition of the principles of safe and secure supplychains and corporate liability. PCA was a small player in a complex supplychain of big brands. I think that we should pray today for all of the leaders of food supplychains in food and pharmaceutical companies. Next steps?
A recent WSJ article highlighted a fact that confirms much of what we found in our study of counterfeit products in the supplychain a year ago: if you’re buying on Amazon, beware of counterfeits. One of the first rules of SRM is to know who you are buying from and who is in your supplychain.
To provide insights into the COVID-19 coronavirus pandemic and its impact on supplychains around the world, we are delivering a blog series to help anyone looking for support and advice. Our experts, who have spent years in the supplychain industry, share their insights. . Future supplychain disruptions are inevitable.
Manage Excess Inventory is the panacea for every SupplyChain professional. Acording to McKinsey Global Survey of challenges ahead for supplychain; Reducing Operating costs and Inventory levels , are the main goals for SupplyChain Top Management. Let’s take as an example a Drug Manufacturer.
For many, higher costs, supplychain delays, and unpredictable inventory flows are creating significant hurdles. While navigating tariffs requires short-term tactics such as pricing adjustments and inventory management, it’s also important to think about the following long-term strategies: Diversify supplychains.
You’re probably sick (no pun intended) of reading articles about the Covid-19 pandemic and how it has shocked the international economy and stressed global supplychains. Disruptions caused by the pandemic revealed just how brittle some supplychains can be. supplychains.”[2] supplychains.”[2]
We organize all of the trending information in your field so you don't have to. Join 102,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content