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. Factories around the world produce millions of items of clothing and accessories for top European and American brands, which are packaged, shipped and sold in every country worldwide.

Italy 40

How to Tell if Your Suppliers are Underperforming

Unleashed

Not all suppliers are created equal: some are better at providing low-cost goods, while others are great at customisation. Some suppliers have optimised for fast-shipping times, and some suppliers focus on high-quality materials. Regardless of whether you make, manage or move products, suppliers are a vital part of your company’s success. Without reliable suppliers, you could be jeopardising with your business model.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Coronavirus Highlights Fragility of Global Supply Networks

Jaggaer

In the auto industry, China is the world’s major supplier of parts. It shipped parts with a value approaching $35 billion in 2018, according to UN data , including $20 billion in parts to the United States alone in 2018 , most of them going to assembly lines. The world ’ s largest automotive supplier, Bosch, also produces in China , including Wuhan. Flexible and holistic supply management will be key. . Flexible and holistic supply management will be key. .

China 58

Marion Kohlmeier: ‘Expansion in our global footprint has been a big step’

Supply Chain Movement

We also negotiate and develop packaging concepts together with our customers and suppliers. This team is available throughout the project to ensure that all customer demands are considered, keeping track on production requirements and purchase orders placed at suppliers. In my supply chain management department the focus is certainly on operational excellence but for the company as a whole we focus on product leadership.

How Europe is Coping with Supply Chain Disruption

Jaggaer

“It’s good to hear that suppliers filing for bankruptcy is not one of the most common impacts you’re seeing right now.” She predicted that shoppers would see more restricted ranges on supermarket shelves “to allow more throughput from suppliers and manufacturers of food”. The broader issue is that border controls and travel bans limit the ability of supply managers to identify and qualify new suppliers. Supplier Management Supplier Network

What is Supply Chain Mapping?

HICX Solutions

According to this article by Supply Management / CIPS, the main causes of global business interruption loss (by total value) between 2010 and 2014 were: 1. Of course, mapping supply chains goes beyond merely taking into account the disruption risks posed by your suppliers – you also have to bear in mind who your supplierssuppliers might be. Supplier mapping goes beyond your own suppliers. Covering both your operations and those of your suppliers.

How To Decrease Your Purchase Order Cycle Time

Unleashed

You can set it up to communicate with your online inventory management system so you can have transparency over the course of the order. An online inventory management system that talks to your procurement software so it can help decrease human mistakes and keep data up-to-date. In addition, an online inventory management system can automate some of the re-ordering and take some time off the procurement team’s hands. Decrease the number of suppliers.

Big Data Analytics: A Key to a Successful Supply Chain in the Next 5 Years?

Cerasis

Big data utilization is the wave of the future for all aspects of business including supply chain management. The problem is that not every company has the resources to begin the process of big data management and have yet to see the extent of benefits it can provide to analyze and use such data management. The main benefit of big data analytics regarding supply chain management is customer service. Shipping and Delivery. Supplier Management.

Supplier Collaboration

LeanCor

Supplier Collaboration: A Critical Requirement. Supplier collaboration and the resulting improvements are critical requirements for implementing lean flow across the entire supply chain. Many companies recognize this, but question how to go about creating supplier collaboration, especially how to start the interaction. Here are some effective action items to create standard work for supplier collaboration: 1. Define standard work parameters for supplier collaboration.

Lean 196

Procurement Leading Pharmaceutical Companies Through the Pandemic

Jaggaer

Managing supplier s in a highly volatile economic, societal and environmental situation was especially challenging for the pharma industry. Supplier management is, of course, challenging at the best of times, and for a variety of reasons. Supplier risk (e.g.

How to Make the Most of Your Supply Chain Software

OneSCM

We recently sat down with Joe Harris, Product Manager at OneSCM, regarding the ways to make the most of your OneSCM supply chain software. This allows companies to perform any necessary due diligence upon receiving the items, such as returns to suppliers or additional inspections. Serialization maintains the Lot and/or Serial number along with additional details of a particular item so it can be tracked from the Raw material supplier to the end consumer.

Supply Chain and Procurement Transformation in 2021

Bristlecone

According to a pre-COVID report published by the Federal Emergency Management Agency ( FEMA ), 40% of businesses do not reopen following a natural disaster. Our research indicates that only 34% of businesses have an active supply chain risk management program. Managing Change.

Third Party Logistics Services

LeanCor

Not only do companies have to ship products to customers, they are customers to many other companies for raw materials and supplies. Management is freed from issues related to shipping and warehousing to focus on their core business. Throughout the areas of inventory, materials and supplier management, transportation and warehousing management, and all aspects of the supply chain, a disciplined and educated approach can introduce efficiencies and other savings.

On-Demand Webcast – Supply Chain Transformation: Avaya’s Journey

Kinaxis

More specifically, Avaya saw their on-time ship rate jump from 86% to 94%, their past due revenue decrease from $42M to $10M and their employee engagement scores increase by 57%. Bryan Ball is responsible for developing Aberdeen’s research coverage within the Supply Chain and Supplier Management research practice. General News Supply chain management Supply Chain Transformation Webcast

The Transportation Supply Chain: Transportation’s Role in Supply Chain Management to Lower Total Costs

Cerasis

One of the often missing links, however, in supply chain visibility, is transportation management. This requires a new broad look at the business of transportation supply chain, including supply chain management, logistics, & procurement. Many manufacturers & retailers have found that they can use state of the art supply chain management to reduce inventory & warehousing costs while speeding up delivery to the end customer.

Post-Pandemic Impermanence and 6 Actions to Take Now!

Supply Chain Game Changer

originally or made elsewhere and then shipped into the U.S. As they manage the supply and demand equation of their own labor markets, they are able to lower labor costs as low as they need to in order to offset domestic U.S. Most supply chains spread their expenditures over the fewest amount of their largest “strategic suppliers”. Most risk management specialist will tell you that managing even the top 90% of suppliers by expenditures is an outmoded strategy.

China 66

What Is Supply Chain ERP?

IQMS

A Supply Chain ERP system orchestrates and optimizes forecasting, pricing, procurement, sourcing, and inbound product quality levels across the many supplier relationships manufacturers have, providing real-time accounting and financial reporting of each transaction. Manufacturers are improving delivery performance, reducing purchasing and materials costs, and minimizing supplier risks by adopting integrated supply chain ERP systems.

Asia 48

Do You Have Hidden Freight Costs?

Supply Chain Game Changer

Having come from a company wherein we were selling Freight management services I was curious about Freight spend at this new company. He had reached an arrangement with a Far East supplier whereby all of his freight costs were included in the bottom line price he was charged. He didn’t have to negotiate with carriers and manage the entire shipping process. The supplier had done a good job on delivery. Yet it wasn’t managed at all.

Post-pandemic Supply Chains

Enterra Insights

To do that companies must look deep into how they manage the most basic mechanisms of their supply chains and operations.” … The initial China experience with the virus provided some important lessons in supply-chain management — challenging truths and highlighting issues with the just-in-time systems that have come to be the norm. Those steps are: Step 1 : Identify suppliers in affected regions and estimate TTR by scenario.

Why Large Companies Increasingly Opt for 4PL Services

Logistics Bureau

By contrast, the third-party logistics model is where a manufacturer retains oversight of its supply chain but outsources such processes as warehousing, shipping, packing, and distribution to a 3PL provider. Unlike a 4PL, however, it won’t manage the paint maker’s entire supply chain.

Be Prepared: Improving Supplier Risk Management In Your Business

ivalua

Supply chain management and procurement sit poised on the frontlines of managing global supply risks for their brands. From inventory management to customer shipping, leave nothing to chance when it comes to supply chain risks. With that in mind, let’s take a look at how supplier risk management can benefit your business and prevent the disruption of services. Understanding Supplier Risk Management. Managing Risk at Every Step.

Blockchain and Supply Chain are Becoming Inextricably Tied

Enterra Insights

There are numerous — sometimes hundreds or even thousands — of suppliers, partners, third parties, bankers and lawyers involved in in the process of producing and distributing products for consumers. Blockchain has the potential to turn the tables, helping organizations streamline supply chain management (SCM), bolster cybersecurity across each touchpoint, maximize customer value and maintain a competitive edge.”[1]. Sharing information with suppliers.

Save money with our 8 step guide to improving the purchasing process in your business

Silver Lynx Supply Chain

Typically only managers, supervisors and key employees are able to purchase on behalf of a business. Without these, any efforts at supplier management, spend analysis and category management won’t be as effective. Are you paying invoices with rush shipping or overnight charges? This ensures that you are receiving competitive pricing from potential suppliers. Just call up the suppliers and ask. Advise all your suppliers to ask for one.

Save money with our 8 step guide to improving the purchasing process in your business

Silver Lynx Supply Chain

Typically only managers, supervisors and key employees are able to purchase on behalf of a business. Without these, any efforts at supplier management, spend analysis and category management won’t be as effective. Are you paying invoices with rush shipping or overnight charges? This ensures that you are receiving competitive pricing from potential suppliers. Just call up the suppliers and ask. Advise all your suppliers to ask for one.

Save money with our 8 step guide to improving the purchasing process in your business

Silver Lynx Supply Chain

Typically only managers, supervisors and key employees are able to purchase on behalf of a business. Without these, any efforts at supplier management, spend analysis and category management won’t be as effective. Just call up the suppliers and ask.

How Nevro Achieves Design Controls Success

Arena Solutions

He addressed many issues that occur early in the design process, including managing an outsourced model, design control procedures to help meet compliance, and other common challenges that medical device manufacturers face as they make the shift from manual to electronic systems. You know, I realized early on that I had to understand the quality management systems (QMS) of our subcontractors because we outsource all of our design and development activities.

Do you have a Freight Management Strategy or are you Spinning your Wheels?

Supply Chain Game Changer

Check out Why don’t you have a TMS (Transportation Management System) Solution yet? In going door to door trying to sell a Freight Management service, as well as in my experience working in companies, I have had the opportunity to see a variety of ways in which companies, large and small, were managing their Freight and Logistics spend. Yet it is managed by one or two people, with no support, and no visibility from upper management. Mode Management.

Procurement Technology: An Update from Spend Matters in Baltimore

NC State SCRC

The approach is to begin to think about how to apply category management to leverage spend across agencies. Anne centered much of her talk on federal IT procurement, which within the Office of Management and Budget (OMB) represents over 10% of the overall Federal procurement budget — $51 billion in IT spend, to be precise. 50 billion in spend managed. So this concept of the information supply chain is key and we have to manage it, even though it is largely unmanaged.

The Digital Supply Chain needs to be a Smart Supply Chain

Enterra Insights

The benefits can be myriad: deeper visibility into the supply network; greater connectivity with suppliers, partners, and customers; smarter factories; and the ability to act, respond, and adapt intelligently to shifts in the ecosystem. It largely relates to material master, supplier master, customer identities, product material specifications, etc.” He writes, “AI can also help in streamlining functions and optimizing routes to reduce shipping costs.

Data 100

Blockchain has Potential

Enterra Insights

Sharing information with suppliers. Managing trade documentation. Verifying and monitoring suppliers. Managing supply chain risk. Managing demand and supply planning. Managing inventory. Managing freight transportation. Managing product returns. ” Blockchain’s potential for supply chain management. The word “potential” is often viewed as a positive characteristic.

What Makes a Mature Planning Organization? (Part 2)

Supply Chain Shaman

With the shift of power to the retailer, both have had to add headcount to manage the increased demands for sales to staff account-specific teams to better manage against retailer expectations. It must be managed as a system. More advanced supply chain leaders model the role of complexity (product and customer), the impact of risk, and opportunity of innovation as well as product shipping and manufacturing locations, and inventory policies.

Save money with our 8 step guide to improving the purchasing process in your business

Silver Lynx Supply Chain

Typically only managers, supervisors and key employees are able to purchase on behalf of a business. Without these, any efforts at supplier management, spend analysis and category management won’t be as effective. Are you paying invoices with rush shipping or overnight charges? This ensures that you are receiving competitive pricing from potential suppliers. Just call up the suppliers and ask. When a new supplier has come onto the market.

Putting Procurement Front and Center of Your Supply Chain

Oracle SCM

As supply chains become more dynamic, companies must pay closer attention to supply and supplier management. Because events like trade wars, natural disasters, and supplier events, such as unexpected plant shutdowns like we are seeing with the Coronavirus outbreak, can disrupt a company’s production. To respond to unforeseen supply or supplier disruptions, procurement professionals need to develop new capabilities. Do they consistently ship quality product?

The Supply Chain Detective™ and the Distribution Center Disaster!

Supply Chain Game Changer

They were received mostly from local suppliers. Much of the product was sourced from vendors all over the world, most significantly from Asia, where the company had absolutely zero experience in sourcing, supplier management, or logistics. The Distribution Centre management team was equally confident. The Receiving area manager told me that aside from that we had run out of case and pallet racking space to hold all of the goods. Subscribe Here! Email Address.

Smart Logistics Data: The intelligent supply chain

SupplyOn

Some data are to be in the area of supplier management, some are in supply chain management and some in transport management. Obstacle 2: Driving forwards while looking backwards – with a blind rear mirror This makes it virtually impossible to get a comprehensive view of the entire range of data involved in a supply chain process – let alone engage in proactive management when problems arise. In addition there is information from the transport management system.

Data 40