China Supply Chain Strategy Procurement and Sourcing Product Lifecycle Management Supply Chain Risk Management Supply Chain Strategy challenges in sourcing and procurement independent supply chain and B2B industry analyst Bob Ferrari's blog sourcing manufacturing in China strategic sourcing strategies Supply chain Matters blogI recently came across a report from business network CNBC that had the eye-gripping title; Why US Manufacturers are Nixing the US for China. MORE
In a previous post, I demonstrated how Symrise creates added value beyond corporate boundaries by closely collaborating with vanilla farmers in Madagascar. Watch the following video, which highlights this approach from the perspective of Unilever, a buyer of Symrise’s aromatic compounds. MORE
A month later, Walmart announced that it will increase its sourcing of US products by $50 billion over the next 10 years. Kevin discusses three factors that are helping to drive the reshoring trend, but the one that caught my attention the most was how companies are shifting their focus from least-cost sourcing to best-cost sourcing. One is the thought process around best-cost sourcing versus least-cost sourcing. MORE
If you happen to be a strategic sourcing professional within the manufacturing industry, you probably are experiencing many challenging days at the office. And this is exactly where sourcing and supply chain professionals can make a name for themselves. MORE
” Source: “Target CIO Adds Custom Apps…” CIO.com. “The in-sourcing and custom development is a painstaking process, but one McNamara says is necessary before the retailer can begin analyzing its supply chain for sales and customer trends and better allocate resources across the enterprise. Source: “Target CIO Adds Custom Apps…” CIO.com. The post Is “In-Sourcing” the Answer to Rigid, Enterprise Software? MORE
Procurement and Sourcing Product Quality Retail Supply Chain Lumber Liquidators China sourcing Lumber Liquidators supply chain Supply chain Matters blogIn February of 2015, Lumber Liquidators, at the time, one of the largest and fastest growing retailers of hardwood and laminate flooring in North America was involved in a supply chain expose. Approaching 18 months later, the retailer continues to deal with the customer, brand and financial impacts of that disclosure. MORE
On Saturday I engaged in a rare weekend activity for myself – I actually thought about supply chain. I thought about the transition from “push” processes to greater use of demand pull in replenishment; how retailers are sharing downstream POS data with their suppliers to develop a more efficient supply network; how multi-echelon inventory optimization […]. Inventory Management Production Statistics Supply Chain Planning MORE
Getting quality vegetables from source to shelf without compromising safety or quality can be a tough challenge. So how do you get vegetables from source to shelf quickly, safely and without compromising quality? MORE
But many retailers are jumping in without a plan — that is, they are taking a short-term, siloed approach to transportation sourcing and execution, and as a result, are failing to meet their desired outcomes. How does omni-channel impact transportation sourcing? The post Don’t Jump In Without a Plan: Transportation Sourcing in an Omni-channel World appeared first on Talking Logistics with Adrian Gonzalez. Live Episode: Tuesday, January 20, 2015 at 12:00 ET. MORE
Not keeping all of your eggs in one supply basket is an appealing strategy to increase supply chain resilience. But it’s not always effective. Aero engine maker Pratt & Whitney has doubled up suppliers in an effort to avoid interruptions to the production of its new turbofan engine. MORE
The Internet of Things (IoT) is increasing the need to look beyond the enterprise’s four walls to keep pace with fast-changing markets. MORE
Big data is more than a buzz term, and if you are a strategic sourcing professional, it is a concept that should not be ignored. As a sourcing professional, big data can help you automate and streamline your job – if you have the right tools. Uncategorized big data strategic sourcing MORE
Over the next five years, more than three-quarters of companies surveyed anticipate their revenue from global sales to increase by about 30% on average. read more. Global Supply Chain News MORE
However, if your role is managing the movement of widgets from point A to point B, or multiple points, the freight procurement task before you can be labor intensive and time consuming — unless you use a technology solution specifically designed for transportation sourcing. MORE
From our Supply Chain Matters lens, it provides a yet another stark indicator that supply chain disruption and risk criteria were most likely not weighted high in past outsourcing or global based manufacturing and strategic sourcing strategies. Within its 5th annual Natural Hazards Risk Atlas, risk analytics and advisory firm Verisk Maplecroft calls attention to high profile risk cities that happen to be today’s growing manufacturing and logistics hubs. MORE
The strategic sourcing technology market is a crowded space. Walk the exhibit floor at the annual ISM conference and you’ll easily find more than 40 providers offering a wide variety of e-sourcing solutions. So how do you know if you have the right sourcing technology for your business? MORE
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. MORE
I had an interesting discussion with an expert in the food industry, and we discussed some of the emerging trends going on in food packaging and local sourcing for food. The food expert I spoke with noted that many of the food packaging companies are beginning to add the term Locally Sourced and Organic. So in the meantime, local food sourcing will remain a challenge – but the work of CEFS and our students will hopefully try to change that. MORE
In last week’s blog , I began discussing telltale signs that you have entered the new age of strategic sourcing. Improving costs remains a core competency for any sourcing organization. Strategic Sourcing Requires Collaborative Working Arrangements with Key Suppliers. MORE
Since its inception in the late 1980s, strategic sourcing has always been about getting the best value for the goods and services purchased from third party suppliers. The processes and strategies driving supply chain management success are evolving and strategic sourcing is being redefined. MORE
Over the last decades, however, supply chains have been undergoing a process of increasing globalization, which has created the need for differentiated sustainability approaches for firms sourcing globally rather than regionally. On the one hand, traditional supply management based on supply base reduction and coordination will compensate global sourcing’s drawbacks, such as longer distances and socio-economic, cultural differences. MORE
I had an opportunity to watch some hilarious sourcing videos recently that I discovered on a sourcing blog by Citro Strategy. Contract Management Customer Relationship Management Strategic Cost Management Strategic Sourcing Supplier Relationship Management Supply Chain Management MORE
Andrew Cox’s new book “Sourcing Portfolio Analysis” represents the more traditional “power-based” view of procurement. The book relies on a series of prescriptive two by two matrices, that are further segmented into eight by eight matrices, that establish different typologies for supplier segmentation, The application of these frameworks to the universe of buyer-seller relationships I proposed (ostensibly) to lead to improved sourcing outcomes…for the buyer! MORE
is responsible for everything from sourcing materials and services to shipping finished products Jim Young, senior supply chain manager at Applied Microstructures, Inc., MORE
Historically, if you asked sourcing leaders to name the one competency they felt they needed their procurement and sourcing teams to master in order to achieve ongoing sourcing and supplier management success, most would likely have said negotiation skills. MORE
Unfortunately, many retailers are jumping in without a plan — that is, they are taking a short-term, silo’ed approach to transportation sourcing and execution, and as a result, are failing to meet their desired outcomes. Also, is multi-functional engagement important and, how does omni-channel impact transportation sourcing? According to Joe, enVista’s Director of Transportation, “The key to omni-channel sourcing is that it requires you to understand your goals and objectives. MORE
Over the past few years, as supply chains have grown in scale and complexity, so has the logistics sourcing process. Mature sourcing organizations, which have been doing traditional sourcing and category management, are starting to plateau in terms of savings and impact to their organizations, yet each year are faced with increasing savings mandates and pressure to improve performance. Live Episode: Thursday, October 15, 2015 at 12:00 ET. MORE
Against the many new articles and books being produced on the changing face of procurement and the importance of value creation and collaboration, Andrew Cox’s new book “Sourcing Portfolio Analysis” came out earlier this year. The book is essentially a series of prescriptive 2 X 2 and 8 X 8 matrices that establish different typologies for supplier segmentation, that ostensibly can lead to improved sourcing outcomes. MORE
Strategic Sourcing has been used by companies of all sizes for years. This commentary highlights some of the key principles to strategic sourcing. However, priority is always given to cost cutting initiatives. MORE
To Achieve the Best Results and Lowest Total Landed Cost, an Iterative, Collaborative Approach is Key MORE
Customer Service: The Source of Supply Chain Innovation. In December’s issue of InBound, editor Keith Biondi cited customer service as the source for supply chain innovation. Customer Service: The Real Source of SCM Innovation. The post Customer Service: The Source of Supply Chain Innovation appeared first on The Logistics of Logistics. Not technology. Not business process re-engineering (BPR). Interesting, right? MORE
Inventory management policies that fail to keep pace with shifting product demand can lock up valuable working capital, especially in volatile markets. By dynamically managing inventory without compromising service levels, companies can free up these unexploited reserves of working capital. MORE
More than a year ago, the Supply Chain Collaborator blog examined the trend toward crowd sourcing and wondered aloud whether an “Uber for commercial shipping” was imminent. Clearly, sourcing for price alone leaves much to be desired and would not be acceptable for large volume shippers. MORE
We hear the words “innovation” as a source for growth in the economy over and over again. But what will be the true source of innovation? To generate such forms of value creation, procurement will need to tap into a key source of new ideas and creativity: their suppliers. MORE
These days, sourcing has become a common discipline in supply chain and transportation management. There is an organizational expectation that transportation modes will be sourced and cost will be taken out of the network with some regularity. Procurement/Sourcing Transportation Management Systems transportation management system transportation sourcing MORE
The following Supply Chain Matters blog is part of our ongoing series of deep dives into each of our previously unveiled ten 2017 Predictions for Industry and Global Supply Chains. At the start of the New Year, our parent, the Ferrari Consulting and Research Group along with our Supply Chain Matters blog as a broadcast […]. MORE
Transparency-One expands source to store supply chain transparency software with risk management solutions to help businesses manage social responsibility, product safety, and sustainability risks across multiple product categories MORE
Imagine a birds-eye view of a freeway at rush hour in any major American city, as the lanes fill up with every conceivable make and model of automobile. MORE
In the quest to seek alternative global low-cost manufacturing sourcing across multi-industry supply chains, countries such as Thailand and Vietnam were high on the list. Both offered relatively attractive direct labor wage rates while offering a highly educated and motivated workforce. Up to this point, that has resulted in a steady flow of foreign investment in these countries including internal supply chain ecosystem capabilities. MORE
A strategic approach to sourcing what you need to keep your business moving can help avoid disruptions and stay competitive in today’s competitive market. So just how strategic are you when it comes to sourcing transportation capacity? MORE
The importance and implications of existing or future supply chain management sourcing strategies continue to be brought to light. Global trade trends Procurement and Sourcing Social Responsibility Strategies for Global Supply Chains Supplier Management Supply Chain Performance Supply Chain Risk Management effects of Brexit on industry supply chains supply chain global sourcing strategies Supply chain Matters blog MORE
Such trends include more rapid advances in the technology and software applications supporting sourcing and procurement business processes. On March 8-10, e-Sourcing technology provider Intesource will be hosting its 2015 InnovationBest Practices in Sourcing customer conference in Las Vegas. This week on the Intesource E-Sourcing Society blog, Bob is featured […]. The role and contribution by procurement to the business is changing rather rapidly. MORE
Sourcing Related Topics Logistics Viewpoints
JANUARY 14, 2016
These days, sourcing has become a common discipline in supply chain and transportation management. There is an organizational expectation that transportation modes will be sourced and cost will be taken out of the network with some regularity. Procurement/Sourcing Transportation Management Systems transportation management system transportation sourcing
Talking Logistics
FEBRUARY 18, 2016
However, if your role is managing the movement of widgets from point A to point B, or multiple points, the freight procurement task before you can be labor intensive and time consuming — unless you use a technology solution specifically designed for transportation sourcing.
Ryder Exchange
MAY 5, 2016
Imagine a birds-eye view of a freeway at rush hour in any major American city, as the lanes fill up with every conceivable make and model of automobile.
NC State SCRC
APRIL 29, 2017
I had an opportunity to watch some hilarious sourcing videos recently that I discovered on a sourcing blog by Citro Strategy. Contract Management Customer Relationship Management Strategic Cost Management Strategic Sourcing Supplier Relationship Management Supply Chain Management
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Life science companies are adopting innovative cloud technology to provide a single source of truth for end-to-end supply chain decision-making
SCM Research
SEPTEMBER 13, 2014
In a previous post, I demonstrated how Symrise creates added value beyond corporate boundaries by closely collaborating with vanilla farmers in Madagascar. Watch the following video, which highlights this approach from the perspective of Unilever, a buyer of Symrise’s aromatic compounds.
Directworks
JULY 22, 2015
In last week’s blog , I began discussing telltale signs that you have entered the new age of strategic sourcing. Improving costs remains a core competency for any sourcing organization. Strategic Sourcing Requires Collaborative Working Arrangements with Key Suppliers.
Supply Chain Matters
JUNE 23, 2016
Procurement and Sourcing Product Quality Retail Supply Chain Lumber Liquidators China sourcing Lumber Liquidators supply chain Supply chain Matters blogIn February of 2015, Lumber Liquidators, at the time, one of the largest and fastest growing retailers of hardwood and laminate flooring in North America was involved in a supply chain expose. Approaching 18 months later, the retailer continues to deal with the customer, brand and financial impacts of that disclosure.
Supply Chain 24/7
OCTOBER 11, 2016
Transparency-One expands source to store supply chain transparency software with risk management solutions to help businesses manage social responsibility, product safety, and sustainability risks across multiple product categories
Directworks
NOVEMBER 19, 2015
If you happen to be a strategic sourcing professional within the manufacturing industry, you probably are experiencing many challenging days at the office. And this is exactly where sourcing and supply chain professionals can make a name for themselves.
Talking Logistics
OCTOBER 7, 2015
Over the past few years, as supply chains have grown in scale and complexity, so has the logistics sourcing process. Mature sourcing organizations, which have been doing traditional sourcing and category management, are starting to plateau in terms of savings and impact to their organizations, yet each year are faced with increasing savings mandates and pressure to improve performance. Live Episode: Thursday, October 15, 2015 at 12:00 ET.
Supply Chain @ MIT
JANUARY 7, 2016
The Internet of Things (IoT) is increasing the need to look beyond the enterprise’s four walls to keep pace with fast-changing markets.
Directworks
JUNE 24, 2015
Big data is more than a buzz term, and if you are a strategic sourcing professional, it is a concept that should not be ignored. As a sourcing professional, big data can help you automate and streamline your job – if you have the right tools. Uncategorized big data strategic sourcing
Ryder Exchange
AUGUST 11, 2014
Getting quality vegetables from source to shelf without compromising safety or quality can be a tough challenge. So how do you get vegetables from source to shelf quickly, safely and without compromising quality?
Logistics Viewpoints
JUNE 10, 2015
On Saturday I engaged in a rare weekend activity for myself – I actually thought about supply chain. I thought about the transition from “push” processes to greater use of demand pull in replenishment; how retailers are sharing downstream POS data with their suppliers to develop a more efficient supply network; how multi-echelon inventory optimization […]. Inventory Management Production Statistics Supply Chain Planning
Supply Chain @ MIT
OCTOBER 13, 2016
Inventory management policies that fail to keep pace with shifting product demand can lock up valuable working capital, especially in volatile markets. By dynamically managing inventory without compromising service levels, companies can free up these unexploited reserves of working capital.
Supply Chain Matters
SEPTEMBER 29, 2015
China Supply Chain Strategy Procurement and Sourcing Product Lifecycle Management Supply Chain Risk Management Supply Chain Strategy challenges in sourcing and procurement independent supply chain and B2B industry analyst Bob Ferrari's blog sourcing manufacturing in China strategic sourcing strategies Supply chain Matters blogI recently came across a report from business network CNBC that had the eye-gripping title; Why US Manufacturers are Nixing the US for China.
Talking Logistics
JANUARY 12, 2015
But many retailers are jumping in without a plan — that is, they are taking a short-term, siloed approach to transportation sourcing and execution, and as a result, are failing to meet their desired outcomes. How does omni-channel impact transportation sourcing? The post Don’t Jump In Without a Plan: Transportation Sourcing in an Omni-channel World appeared first on Talking Logistics with Adrian Gonzalez. Live Episode: Tuesday, January 20, 2015 at 12:00 ET.
Supply Chain Matters
JANUARY 7, 2015
Such trends include more rapid advances in the technology and software applications supporting sourcing and procurement business processes. On March 8-10, e-Sourcing technology provider Intesource will be hosting its 2015 InnovationBest Practices in Sourcing customer conference in Las Vegas. This week on the Intesource E-Sourcing Society blog, Bob is featured […]. The role and contribution by procurement to the business is changing rather rapidly.
Transportfolio
AUGUST 14, 2015
A strategic approach to sourcing what you need to keep your business moving can help avoid disruptions and stay competitive in today’s competitive market. So just how strategic are you when it comes to sourcing transportation capacity?
NC State SCRC
AUGUST 16, 2016
We hear the words “innovation” as a source for growth in the economy over and over again. But what will be the true source of innovation? To generate such forms of value creation, procurement will need to tap into a key source of new ideas and creativity: their suppliers.
SCM Research
MARCH 23, 2015
Over the last decades, however, supply chains have been undergoing a process of increasing globalization, which has created the need for differentiated sustainability approaches for firms sourcing globally rather than regionally. On the one hand, traditional supply management based on supply base reduction and coordination will compensate global sourcing’s drawbacks, such as longer distances and socio-economic, cultural differences.
Supply Chain Opz
JANUARY 19, 2015
Strategic Sourcing has been used by companies of all sizes for years. This commentary highlights some of the key principles to strategic sourcing. However, priority is always given to cost cutting initiatives.
Supply Chain Matters
JUNE 14, 2017
The importance and implications of existing or future supply chain management sourcing strategies continue to be brought to light. Global trade trends Procurement and Sourcing Social Responsibility Strategies for Global Supply Chains Supplier Management Supply Chain Performance Supply Chain Risk Management effects of Brexit on industry supply chains supply chain global sourcing strategies Supply chain Matters blog
Inbound Logistics
MARCH 16, 2015
is responsible for everything from sourcing materials and services to shipping finished products Jim Young, senior supply chain manager at Applied Microstructures, Inc.,
Supply Chain View from the Field
JULY 17, 2015
Andrew Cox’s new book “Sourcing Portfolio Analysis” represents the more traditional “power-based” view of procurement. The book relies on a series of prescriptive two by two matrices, that are further segmented into eight by eight matrices, that establish different typologies for supplier segmentation, The application of these frameworks to the universe of buyer-seller relationships I proposed (ostensibly) to lead to improved sourcing outcomes…for the buyer!
Talking Logistics
MARCH 27, 2013
A month later, Walmart announced that it will increase its sourcing of US products by $50 billion over the next 10 years. Kevin discusses three factors that are helping to drive the reshoring trend, but the one that caught my attention the most was how companies are shifting their focus from least-cost sourcing to best-cost sourcing. One is the thought process around best-cost sourcing versus least-cost sourcing.
Directworks
JULY 6, 2015
The strategic sourcing technology market is a crowded space. Walk the exhibit floor at the annual ISM conference and you’ll easily find more than 40 providers offering a wide variety of e-sourcing solutions. So how do you know if you have the right sourcing technology for your business?
Supply Chain Matters
MAY 16, 2014
In the quest to seek alternative global low-cost manufacturing sourcing across multi-industry supply chains, countries such as Thailand and Vietnam were high on the list. Both offered relatively attractive direct labor wage rates while offering a highly educated and motivated workforce. Up to this point, that has resulted in a steady flow of foreign investment in these countries including internal supply chain ecosystem capabilities.
The Logistics of Logistics
FEBRUARY 16, 2014
Customer Service: The Source of Supply Chain Innovation. In December’s issue of InBound, editor Keith Biondi cited customer service as the source for supply chain innovation. Customer Service: The Real Source of SCM Innovation. The post Customer Service: The Source of Supply Chain Innovation appeared first on The Logistics of Logistics. Not technology. Not business process re-engineering (BPR). Interesting, right?
Supply Chain @ MIT
JULY 14, 2016
Not keeping all of your eggs in one supply basket is an appealing strategy to increase supply chain resilience. But it’s not always effective. Aero engine maker Pratt & Whitney has doubled up suppliers in an effort to avoid interruptions to the production of its new turbofan engine.
Material Handling & Logistics
NOVEMBER 8, 2016
Over the next five years, more than three-quarters of companies surveyed anticipate their revenue from global sales to increase by about 30% on average. read more. Global Supply Chain News
Arkieva
JANUARY 13, 2017
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.
Supply Chain Matters
JANUARY 17, 2017
The following Supply Chain Matters blog is part of our ongoing series of deep dives into each of our previously unveiled ten 2017 Predictions for Industry and Global Supply Chains. At the start of the New Year, our parent, the Ferrari Consulting and Research Group along with our Supply Chain Matters blog as a broadcast […].
Directworks
SEPTEMBER 3, 2015
Historically, if you asked sourcing leaders to name the one competency they felt they needed their procurement and sourcing teams to master in order to achieve ongoing sourcing and supplier management success, most would likely have said negotiation skills.
Supply Chain Matters
MARCH 6, 2015
From our Supply Chain Matters lens, it provides a yet another stark indicator that supply chain disruption and risk criteria were most likely not weighted high in past outsourcing or global based manufacturing and strategic sourcing strategies. Within its 5th annual Natural Hazards Risk Atlas, risk analytics and advisory firm Verisk Maplecroft calls attention to high profile risk cities that happen to be today’s growing manufacturing and logistics hubs.
NC State SCRC
JUNE 10, 2016
I had an interesting discussion with an expert in the food industry, and we discussed some of the emerging trends going on in food packaging and local sourcing for food. The food expert I spoke with noted that many of the food packaging companies are beginning to add the term Locally Sourced and Organic. So in the meantime, local food sourcing will remain a challenge – but the work of CEFS and our students will hopefully try to change that.
Supply Chain Digest
JANUARY 21, 2016
To Achieve the Best Results and Lowest Total Landed Cost, an Iterative, Collaborative Approach is Key
Supply Chain Collaborator
AUGUST 5, 2015
More than a year ago, the Supply Chain Collaborator blog examined the trend toward crowd sourcing and wondered aloud whether an “Uber for commercial shipping” was imminent. Clearly, sourcing for price alone leaves much to be desired and would not be acceptable for large volume shippers.
Supply Chain View from the Field
JULY 14, 2015
Against the many new articles and books being produced on the changing face of procurement and the importance of value creation and collaboration, Andrew Cox’s new book “Sourcing Portfolio Analysis” came out earlier this year. The book is essentially a series of prescriptive 2 X 2 and 8 X 8 matrices that establish different typologies for supplier segmentation, that ostensibly can lead to improved sourcing outcomes.
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