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Companies that previously prioritized cost-cutting and centralized sourcing quickly found themselves exposed to serious production and distribution risks. In response, many organizations have shifted toward decentralized and regionalized supplychain models, distributing production and sourcing across multiple regions.
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The COVID-19 pandemic and ongoing geopolitical shifts demonstrated the risks of relying on single-source suppliers and minimal inventory buffers. Walmarts AI-Driven SupplyChainTransformation Walmart has integrated AI, automation, and predictive analytics across its supplychain.
More than 500 supplychain leaders converged in Berlin between 11 – 13 November to learn how to unlock the full potential of their supplychains, and to ultimately reshape the future of their businesses.
In Part One of the series , Michael observed that standard sourcing solutions struggle in efforts to support direct materials sourcing because of specific challenges in the software design. He further established the case for why supplychain teams need to context integrated sourcing as well as procurement.
The structure used in this approach was intended to not just conduct labor arbitrage, but to also develop core skills in the P2P space through a captive approach: Our sourcing COE is responsible for the low- and medium-complexity deals where the key outcomes desired include quicker turnaround time, throughput, and extracting any value you can.
AI in SupplyChain: Transformative Technologies and Strategies Artificial intelligence (AI) is rapidly transforming the supplychain landscape, offering powerful tools to help streamline operations, boost resilience, and increase visibility across every link in the chain.
Jennifer Stark, Director of Planning at 1440 Foods, shared this valuable insight during the recent webinar Fueled for Growth: 1440 Foods SupplyChainTransformation Journey. Moving Beyond ERP For years, supplychain teams have leaned heavily on enterprise resource planning (ERP) systems as their only source of truth.
Shipping lines again managed to extract added spot rates and surcharges which have impacted business transportation budgets. supplychain activity. sourcing from China, with a correspondingly rise in import share from low-wage locations, chiefly Vietnam, and regional trade areas, particularly Mexico.”
The cost of drivers were reported as 6 percent in overall transportation costs, 4.9 Supplychain leaders, strategists and sourcing professionals should make note of such trending. Indicated is that continued decay in logistics and supplychain productivity rates could result in stagnating global GDP growth.
Kinaxis SupplyChain Matters has recently highlighted the announcement from supplychain orchestration provider Kinaxis regarding the release of the Kinaxis Tariff Response application. This application is built on Kinaxiss AI-powered Maestro platform and delivered by select Kinaxis supplychain experts.
It would appear, at least from our lens, that the industry’s supplychaintransformative needs will remain as work-in-progress. Perhaps a consolidation is that after ten years, the industry wide DCSA process is starting to make meaningful progress.
If you are attending and are particularly interested in Blue Yonders supplychain planning solutions, make sure to check out the session catalog for dedicated SupplyChain Planning sessions.
Cognitive Solutions can SEE and anticipate events and their implications in real-time.Blue Yonder has the only unified data model across planning, transportation, and warehouse management in the supplychain industry. Disruptions that used to take days or weeks to resolve are now handled in minutes.
This is often reflected in tough negotiations with suppliers for supply contracts along with extended payment terms. Internally, cost reduction relates to the closing of inefficient production facilities, cutbacks in permanent workforce needs and tough negotiations with logistics and transportation services providers.
With this latest Gartner Magic Quadrant for Warehouse Management Systems, Blue Yonder is one of only two evaluated companies recognized as a Leader in the three Gartner Magic Quadrant reports covering SupplyChain Planning, Transportation Management Systems, and Warehouse Management Systems 3.
Industry analyst and SupplyChain Matters founder Bob Ferrari provides observations and insights garnered from the SAP Sapphire customer conference held in May. SAP ’s goal of several years ago related to growing revenues and profitability has shown positive momentum.
Tariffs also destabilize supplychain operations. When duties render traditional sourcing unprofitable, companies must reconfigure supplier networks, often under tight timelines. Walmart reportedly reduced Chinese imports by 10% in 2024 , in favor of sourcing more from Vietnam and Thailand. Beyond the U.S.,
In this SupplyChain Matters posting we alert our many readers to the appearance of Bob Ferrari, our Founder and longtime supplychain technology industry analyst appearance in a recently published and very timely podcast.
Nationalist and legislative policies tied directly to industry supplychainsourcing have continued during these past two years, especially involving the United States and China.
Jason Wang: [email protected] RELATED CONTENT RELATED VIDEOS Chemicals & Energy Related Articles SupplyChain Issues Have Hurt the U.S. Featured Product Popular Stories U.K. and India Seal Free Trade Agreement Slashing Tariffs, Barriers Global Trade & Economics New U.S.
Introduction and Purpose Since our inception as an independent supplychain management industry analyst advisory firm, The Ferrari Consulting and Research Group has published an annual predictions advisory. The Ferrari Consulting and Research Group announces the general availability of our published 2025 predictions advisories.
Mr. Frasquet is the executive director of corporate procurement, although his responsibilities include a much broader set of supplychain responsibilities than just sourcing. Mr. Rodríguez is the operations strategic planning manager and he leads a team focused on the company’s supplychain design.
That said, there are several high-level trends and factors that will impact supplychain and logistics strategies and operations in 2016: Oil Prices : Just a few years ago, there was plenty of talk about oil prices potentially reaching $300 per barrel and the impact it would have on supplychain and logistics networks and processes (e.g.,
He writes, “Global supplychains were clearly in trouble before COVID-19 arrived on the scene, but when it did, the weakness of our time-honored strategies for procurement, production and delivery became shockingly evident. ”[2] He insists supplychain innovation today is not a choice, but an imperative.
Yes, we have achieved greater normalcy in transportation. In the survey, 48% of companies were driving digital transformation, but the only element that improved performance was descriptive analytics. Companies driving digital transformation did not outperform their peer groups during the past three years. What is normalcy?
Over the year, COVID-19 introduced even greater complexity into the already difficult work of supplychain planning–and changed supplychain from a practitioner-focused topic to everyday dinner table conversation. Digital supplychaintransformation will accelerate.
Projects Being Implemented as Part of a Digital SupplyChainTransformation Project. We are making slow progress on transportation visibility, but not supplier visibility. Too few companies have a holistic approach to embrace the plan, make, source, and deliver together.
The pursuit of ever higher efficiency and speed have dominated transformation initiatives for more than forty years, driven in large part by the assumption that raw materials, commodities, warehouse space, transportation capacity and labor will be plentiful and immediately available at stable and often declining cost.
Product packaging, especially in the consumer products universe is more than simply the vessel to hold the product and to protect it during transport. The transformation has touched all inventory levels from material sourcing to end product delivery. Many times, packaging gives a product its identity. It influences sales.
Company executives are increasingly aware of the importance of supplychains in making companies successful. A couple of years ago, however, a McKinsey study concluded companies weren’t investing enough in supplychaintransformation technologies. Technology and supplychaintransformation.
”[2] Steve Banker ( @steve_scm ), Vice President of SupplyChain Services at Arc Advisory Group, agrees it’s a fair question. He writes, “Companies mean different things by the term ‘digital supplychaintransformation.’
Otherwise, what is available to sell (ATS) in the form of readied stock, can soon fail to translate into available to promise (ATP) , should any of the labor, transport, production or sourcing efforts go awry. The post SupplyChainTransformations Must Prepare for No New Normal appeared first on SupplyChain Nation.
Countless companies grapple with the fundamental flaw of disjointed processes, which leaves planning blind to crucial factors such as transportation, warehouse, and labor constraints. Bridging this technological divide requires a concerted effort to harmonize data flows and establish a unified source of truth.
Early IoT adopters in the transportation, retail, energy, agriculture, healthcare, and city management sectors are proving the IoT’s value every day. ” Transportation optimization. The IoT ecosystem can be used to optimize transportation routes and increase both efficiency and effectiveness.
This scarcity issue is only amplified when we review the aging workforce in the delivery industry and the lack of interest from younger generations to jump in a semi-truck for short- and long-haul transports. SupplyChain Cleansing .
In the global world of businesses, companies often seek help from sourcing agencies to figure out how to get the things they need. But what’s a sourcing agency or sourcing agent and how does it make buying things easier? Let’s explore this world of sourcing agencies and understand what they do.
ZF Began their Digital Resilience Transformation 20 Years Ago! I interviewed John Sobeck, Vice President Material Management Services and SupplyChain 4.0 at the ZF Group, about their digital supplychaintransformation journey. The ZF supplychain is complex. There are also avoided costs.
Mars has been on a journey to transform their digital supplychain. In 2019, Will Beery was appointed the vice president and tasked with leading the company’s global digital supplychaintransformation. Beery concluded that the best transformation projects would be, one, improved supplychain planning.
If your company’s supplychain survived 2020 and the disruptions of early 2021, it’s safe to say it has passed the supplychain resiliency test. Supplychain disruption has many sources: tariffs and trade disputes, natural disasters, pandemics, economic uncertainty and cybersecurity attacks.
IL’s educational mission is to guide businesses to efficiently manage logistics, reduce and speed inventory, and neutralize transportation cost increases by aligning supply to demand and adjusting enterprise functions to support that paradigm shift. Watch TireHub’s supplychaintransformation testimonial here.
With so much being written and discussed about supplychaintransformation, it’s good to remind ourselves what supplychain management is fundamentally about. Lora Cecere ( @lcecere ), Founder and CEO of SupplyChain Insights, bluntly states, “The best supplychains are fit for function.”[1]
It has helped us dynamically optimize our engineer sources as we go. The second is to optimize our network of depots, to minimize costs: taking logistics costs from warehouse and transport centers and assessing the implications of volume increases on our network. This has been really easy to do and quick to implement.
In this article, we will show you tips from worldwide experts that you can use to streamline your global supplychain operations. Whether you''re a manufacturing company in China, a sourcing agent in London or a world''s leading company in Silicon Valley, we''re all in a global supplychain networks.
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