Research in Focus: Sourcing Trends and Concerns

Talking Logistics

Below is an excerpt from a report published recently by Amber Road and the American Association of Exporters and Importers (AAEI) titled “ The Trade Trends Report: 2017 Report on Sourcing, Trade, and e-commerce.” Sourcing decisions can complicate or simplify this process.

Supply Chain Quality: A Driver for Digital Transformation

Talking Logistics

The only way to take control of your future is to double down on quality. Product quality directly impacts the profitability of a company. The cost of poor quality is so closely related to supplier quality and compliance that manufacturers must give the proper attention and resources to the optimization of their upstream partnerships. Finished products have high ratios (average 50%) of sourced or procured product content. Supplier Quality Management.

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Is Single Sourcing, or Sole Sourcing, Dead?

Supply Chain Game Changer

In many cases the use of single sourcing, or sole sourcing, Procurement strategies has limited the ability for Supply Chains to access alternate sources of supply and more rapidly support higher than normal demand levels. What is Single Sourcing or Sole Sourcing?

3 Steps to Addressing Product Quality Issues with Your International Suppliers

Cerasis

Chuck is a legend in our industry and is helping us figure out how to deal with product quality issues when dealing with international suppliers. And how many suppliers have you worked with that you wish would take serious steps to reduce or prevent the quality defects that are hurting your bottom line? . It’s obvious to most of us in the fields of manufacturing, importing and Supply Chain Management the headaches that quality defects can bring. .

Improve Forecast Quality and Reliability with Value-add Forecasting (Part 1)

Logility

In large part due to computer processing power, new advances in forecasting and the abundance of new data sources have helped to increase forecast reliability. Value-add forecasting is one way companies are now realizing incremental improvements in their forecast quality and reliability.

What Qualities Make the Best Supply Chain Leaders?

Kinaxis

The findings were generated from multiple sources, including surveys of APICS members, articles, and external research. Manufacturing strives to maintain high quality and productivity while keeping production costs low. The post What Qualities Make the Best Supply Chain Leaders?

A Tale of Two Companies: Different Quality Management Starting Points!

Supply Chain Game Changer

Check out Supplier Quality Management: Drive Value By Safeguarding Value! It has a quality defect.” ” I responded, “Is that actually a quality defect? Quality is a measure of conformance to a standard, and we have no standards.” Subscribe Here!

7 Ways to Improve Quality Control in Food Manufacturing!

Supply Chain Game Changer

When you’re a food and beverage manufacturer, there’s no business more serious than quality control. Consumer safety and quality control go hand-in-hand for the food industry in a way that most other industries don’t have to deal with. Emphasize the Cost of Quality.

Who Needs Quality Management?

Oracle SCM

Everyone knows that quality is an important topic. With such an approach, companies are working in a sub-optimal manner, and then start to face these types of challenges: - Quality metrics are either not available or are incomplete. -

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.

Supplier Quality Management: Drive Value By Safeguarding Value!

Supply Chain Game Changer

If we can draw a comparison between Thanksgiving dinners and procurement, they are essentially an every day example of why supplier quality management is important. A quality fit can help a procurement team create top-line growth and customer satisfaction. Quality will cost.

Responsible Sourcing! Making Sustainability Happen for Real!

Supply Chain Game Changer

What will ensure the delivery of quality products and services to consumers? I’m not talking about quality in the sense of perfectly constructed products. I’m talking about quality products; the ones built with social, environmental and commercial impact in mind. Source Smarter.

The Pros and Cons: International and Domestic Sourcing

Unleashed

It’s easy to oversimplify the differences between sourcing for parts locally or internationally. When considering where to purchase from, the prevailing idea seems to be that domestic sourcing allows for better control and shorter lead time, but international sourcing is more cost-effective.

How Big Data Analytics is Revolutionizing Sourcing Processes for Walter Charles III

Jaggaer

The value of quality data has never been higher, and the power to process that data is more readily available than ever. Sourcing with Big Data. Walter Charles’s philosophy on the modern state of sourcing is that it is artificially limited by the tools that teams are using.

Outsourcing Sourcing! 5 Lessons from Around the Globe!

Supply Chain Game Changer

Doing business with suppliers located overseas or in another country can be an overwhelming and daunting task even for expert Sourcing professionals. But beyond that he had no idea on where to start to source his product. The post Outsourcing Sourcing! Subscribe Here!

Proving sustainably-sourced ingredients in health and wellness foods

Provenance

Food brands have always recognised the importance of sourcing the right ingredients. Choosing where ingredients come from is a critical choice in determining the final quality of the product. Communicating sustainable sourcing at Balance Festival.

Why Strategic Sourcing and Supplier Management Can Make or Break Your Customer Experience

ivalua

However, few manufacturers ever sit back and ask, “How can our procurement or strategic sourcing initiatives contribute to the overall customer experience?” I would argue that, if you’re in manufacturing, strategic sourcing is the first place to start shaping the customer journey.

Creating a Sourcing and Procurement Process Plan

Arkieva

What are the key elements of a sourcing and procurement process plan? Strategic sourcing is a fact based and systematic approach that organizations use to optimize the management of their supply chain. Creating a sourcing and procurement plan.

Managing Threats And Opportunities With Cognitive Sourcing

LevaData

As digital innovation takes the forefront when it comes to customer experience and engagement, new connections between brand managers, manufacturing, and sources of supply are rapidly emerging. Geopolitical Uncertainty and New Sources of Volatility. A Changing Competitive Environment.

Sourcing Offices: a shift of paradigm

KEPLER Consulting

Over last decade, sourcing offices became a major piece within globalized footprint of western retailers. Back to the origins, the Sourcing Offices have been developed by retailers for two main reasons: #1 Gather demands coming from various entities within a same group.

Master Data Management: the value of one source of truth (vs. multiple sources)

HICX Solutions

The problem with having multiple sources of truth is that, when the data is input into these various solutions from different entry points, it will move between the systems and then exit from whichever system it happens to be in at the time. multiple sources) appeared first on HICX Solutions.

Local Sourcing, Global Supply Chain

BluJay Solutions

Yet the company is at pains to make it clear this is part of a global operations strategy, with devices continuing to be assembled in China and Brazil and components presumably continuing to be sourced from emerging markets based on cost and quality.

Successful sourcing in China using the START model

Supply Chain Movement

“Catch the goat when it’s passing” is one of my favourite Chinese sayings, and it is particularly apt when you’re looking to source new products or materials in China. This will also tell you something about the quality level, and let you know what kind of competition you have.

China 78

What Does It Take To Make Sourcing Truly Strategic?

USC Consulting Group

Marketplace pressures have forced procurement professionals to abandon traditional sourcing practices and implement more responsive strategies designed to promote organizational efficiency, agility and flexibility for growth, not to mention cost reductions.

How Big Data Analytics is Revolutionizing Sourcing Processes for Walt Charles

Jaggaer

The value of quality data has never been higher, and the power to process that data is more readily available than ever. Sourcing with Big Data. Walt Charles’s philosophy on the modern state of sourcing is that it is artificially limited by the tools that teams are using.

How to ride the Source to Pay Wave? 4 Lessons you can learn from Forrester

ivalua

Last year Forrester published 2 major Wave reports, which together span the full Source-to-Pay process. The second, authored by Andrew Bartels and published on December 18, is The Forrester Wave : Source-To-Contract Suites, Q4 2019. The post How to ride the Source to Pay Wave?

Five Tips on Sourcing Products From China

EMERGE App

Google a phrase like “sourcing products from China” and you’ll instantly be faced by almost 39 million results! You need to source for products to sell at wholesale prices to your retail customers. Pricing, quality and variety are important considerations.

The Impact of Poor Quality

Pivot88

Quality is one of the most discussed and least understood subjects in the apparel industry. In many organizations, quality still equals the state of the product during final inspection, or even when it arrives in their warehouses or stores, or worse, with the customer.

Why is Closing the Loop on Quality and Compliance key to promote Transparency?

Pivot88

Closing the Loop on Quality and Compliance Management means linking quality and compliance processes with performance data from different sources, and collecting audit, production, quality and traceability information all in one place.

Sourcing promotional products the right way

Claritum

However, it is important for companies to manage the process of sourcing promotional goods effectively. This can result in the products being purchased across the company having an inconsistent quality, which can be damaging to the companies brand. Sourcing off catalogue.

4 Things We’ve Learned From Starbucks, The Queen of Quality Control

AFFLINK

Starbucks sources coffee and other merchandise from all over the world and delivers it to over 24,000 retail stores , which serve 60 million customers in 74 different countries every week. Here are 4 quality control tips we’ve learned Starbucks: 1.

The 5 Key Reasons Why Data Quality Is So Important

Cerasis

Editor's Note: Today's blog comes from Katie Cruze at considerdigital.com who give us the top 5 reasons why data quality is important. For many companies, managing the quality data can seem like an overwhelming task. The 5 Key Reasons Why Data Quality Is So Important.

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. Today I will share a fantastic success story from a strategic sourcing consultant who is friend of mine.

Supplier Management and Sourcing in the Fashion Industry – Under the Spotlight

Jaggaer

More than virtually any other sector, sourcing and supplier management in the fashion industry have been exposed to intense scrutiny in recent years, while the functions have become of increasingly strategic importance to business success.

Quality Data and Its Importance in Building Your Business

Descartes

Maintaining the quality of data often involves updating, standardizing and de-duplicating to create a single view of the data, no matter how many disparate systems it is stored. Without proper maintenance, the quality of your data decreases quickly. Data quality is an ongoing process.