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
For manufacturers, key functions such as sourcing and supplier management have become more challenging as the result of increasing supplychain complexity. One area that manufacturers need to focus on is improving supplychainvisibility. Demandvisibility all the way up the supplychain.
Enhancing supplychain resilience as well as supplychainvisibility is crucial in today’s interconnected world. SupplyChain Resilience refers to a supplychain’s ability to withstand and recover from unexpected events.
Subscribe to SupplyChain Game Changer. SupplyChainVisibility – An Overcomplicated Challenge! A recent Deloitte survey estimated only 15% of CPO’s have visibility beyond their tier one suppliers. I found this striking that there is so little multi-tier SupplyChainvisibility.
For today’s vendor viewpoint we asked Austin Fuller, Director, Product Marketing at supplychain risk management specialist Exiger Have you witnessed a significant change of appetite for risk-related tech over recent years from your customer base? Supplychain risk is also more complex now.
Subscribe to SupplyChain Game Changer. The Toilet Paper SupplyChain! In the midst of the Coronavirus pandemic the need for complete, end to end SupplyChainvisibility has never been more important! SupplyChainvisibility and the Digital SupplyChain has never been more important!
In last week’s blog , I began discussing telltale signs that you have entered the new age of strategic sourcing. Leading manufacturers have proven that best-in-class strategic sourcing can create measurable and sustainable shareholder value by contributing to top line growth and bottom line profitability. alternatives.
In recent years, the auto-id technology such as bar code and RFID together with the electronic data transmission are considered the holy grail of supplychainvisibility. In this article, we will explore the basic concept and propose ways that you can use to create the better visibility.
Primarily, our customers are prioritising supplychainvisibility, adopting proactive risk management strategies and staying compliant with evolving regulations. A unified platform providing a single source of truth enables better collaboration, regular oversight and audit readiness.
For example, a single-stack approach can lead to low user adoption, because the incumbent sourcing solution, for example, fails to meet the needs of various business units. . Demand planning capabilities. Demand planning is the ability to create forecasts that predict the future need for your products.
The Role of Agentic AI in SupplyChainsSupplychains are dynamic and complex, requiring continuous decision-making across multiple functions, from procurement and inventory management to logistics and demand forecasting. Agentic AI takes this a step further by enabling autonomous supplychain systems.
However, the top three procurement challenges featured in the Hackett Group report demand immediate attention: slashing spending costs, securing supplychain resilience, and modernizing outdated operating models. Solutions: Strategic Sourcing: Move beyond transactional purchasing and embrace strategic sourcing.
In recent years, the auto-id technology such as bar code and RFID together with the electronic data transmission are considered the holy grail of supplychainvisibility. In this article, we will explore the basic concept and propose ways that you can use to create the better visibility.
In the latest Procurement Leaders Report and Survey , we ask top-performing CPO’s how they’re prioritizing data-enabled supplychainvisibility–and the changes that need to be made. By taking steps now to improve supplychainvisibility, procurement teams can position their organizations for success in the years to come.
With the return to normalcy, here are some key supplychain implications to consider: Production Ramp-Up: Boeing can now accelerate production to make up for lost time during the strike period.
While many manufacturers rely on ERP systems for procurement, these platforms are designed for broad business management rather than the intricate demands of sourcing, supplier collaboration, and cost control in a manufacturing environment.
Categories: Procurement Strategy & Planning , SupplyChainVisibility Tags: PRO This Spend Matters PRO Vendor Analysis provides an overview of Portcast and its solution for cargo tracking. The modern supplychain is convoluted.
Collaborative efforts between buyers and suppliers, along with better tools, education, and incentives, can help overcome these barriers and foster a more sustainable supplychain. Now it’s dropped back to 2019 levels.” ( Source – The Wall Street Journal, Sept.
Disruptions in global supplychains, labor market shortages, strong consumer demand. Building and maintaining supplychain resilience will be critical in a post-Covid-19 world. How can we mitigate technical, logistical, weather-related, and demand-driven supplychain disruptions?
Categories: Procurement Systems & Architecture , SupplyChainVisibility Tags: PRO In this Spend Matters PRO Vendor Analysis, we give an overview of Circularise, a blockchain-based traceability solution that helps companies trace products and materials to verify their origins, certificates, CO2 footprints and other material data.
Enhancing collaboration pays off, both by increasing transparency with suppliers and improving the bottom line through multi-tier supplychainvisibility. Analytics also help you better evaluate potential suppliers, pinpoint cost-saving opportunities, and strengthen future sourcing strategies.
SEKO provides complete supplychain solutions, specializing in transportation, logistics, forwarding and warehousing. Powered by their innovative and customizable IT solutions, SEKO provide a seamless flow of information, giving their ever-growing customer base true supplychainvisibility.
For several years now, Spend Matters has been collecting and publishing a series of articles about procurement, supply and services trends for the year ahead from expert tech and service providers in the market.
Dramatic supply and demand shifts during the pandemic prioritized the need for data accuracy to solve short and long term supplychain challenges. Data builds the bridge between your own internal supplychainvisibility and the information you provide to your stakeholders.
Today Evan Smith, Co-Founder and CEO at Altana, joins me to talk all about Altana and what they do; their mission to fix globalization and improve global commerce for everyone; the role of AI in making data accessible and actionable; and how Altana are delivering more than twice the supplychainvisibility of any other provider.
Sign Up for SCMDOJO Pro Membership Importance of Effective SupplyChain Management Supplychain management is not just about moving products from point A to point B – it’s a strategic approach that encompasses the entire network of processes involved in delivering goods and services to customers.
AI is the game-changer that allows procurement professionals to escape the cycle of transactional work and focus on what really moves the needle: strategic sourcing, supplier collaboration, and advanced analytics. Smaller teams, in particular, feel the squeeze and struggle to balance compliance, efficiency and innovation.
Or, maybe youre suffering from Cinderella complex: not bold enough to demand an upgrade to the outdated, clunky, legacy Source-to-Pay suite interfaces that suppliers and stakeholders havent really adopted. But then you blow this by futzing around trying to be a cheapskate and running procurement ops in ERP.
SDI is the supplychain solutions and services company that specializes in helping large, multi-site facilities and plant maintenance leaders reduce costs and risks while driving overall performance results and outcomes.
Geopolitical conflicts, like trade wars and sanctions, can quickly disrupt supplychains and make international commercial connections unpredictable. Technological Disruptions: There is a possibility that new technology will disrupt long-standing store chain methods.
Insufficient supply of Personal Protective Equipment (PPE) for Healthcare personnel, along with the lack of availability of ventilators and critical medical equipment became top priorities everywhere. There were calls to domestically source materials, or to establish Parallel SupplyChains. Assuring Continuity of Supply.
The demands for faster, more affordable processes are growing in stride. The TMS further improves supplychainvisibility by keeping everyone informed of freight status, including potential delays or other areas of concern, such as damage and more. E-commerce will continue to grow significantly through 2020 and beyond.
No other function but SupplyChain understands, can envision, can implement, and can manage the Digital SupplyChain. SupplyChain is a massive source of competitive advantage and differentiation. No other function has its fingers on the pulse of the operations of a company like SupplyChain.
Holidays affect supplychains in a couple different ways. One of the most obvious changes is demand, especially for retailers. The other effect that holidays have on the supplychain, however, lies at the other end: manufacturing. Changes in Demand. The flip side of demand surges are demand drops.
This means you may lose custom to your competitors if you can’t meet demand. Increase supplychainvisibility. When you reduce the amount of time your employees need to spend at multiple points in the chain, you free up their time for more advanced tasks. Orders come through more often and expectations are high.
But those in the health and pharmaceutical industries deal with particularly demanding circumstances. The pandemic and resulting supplychain disruptions have added extreme pressure on the health and pharma sector to address shortages quickly and efficiently. SupplyChainVisibility.
Plus HVAC equipment is also being adopted more and more by consumers due to technological innovations and climate change driving both affordability and demand respectively. While demand is growing, so too is supply – and with it, distributors. Managing a vast number of SKUs across the entire supplychain is no mean feat.
Instead of looking at the act of buying as a spontaneous event, researchers viewed it as a series of patterns explained by the nature of actors, demands, and relationships. So, there's no limitation to the competitive sourcing process. T hese routine activities leverage integrated automated systems, enabling supplychainvisibility.
Traditional supplychains with linear and long chains may not be sufficient in this digital driven era. Currently digital supplychain needs to have the capabilities for comprehensive data availability, superior collaboration and seamless communication across value chains. Data Collection and Acquisitio n.
Elevating Procurement Excellence Through Targeted Training Role-based procurement training is ideal because procurement and supplychain roles often come with role-specific challenges. Sourcing managers play a vital role in a business’s procurement process by identifying, evaluating, and selecting suppliers.
Ensuring supply continuity moves down a place and combating inflationary pressures is at number three. However, it’s fair to say that procurement is really in the pressure cooker right now, with all kinds of new and conflicting demands such as ESG, diversity, compliance and risk management. Which are our strategic suppliers?
Operating in over 40 countries worldwide, SEKO lead the industry with innovative and customizable IT solutions, which provide a seamless flow of information to deliver their growing customer base true supplychainvisibility. What we’ve learned is that if something can go wrong, it will; it’s not a matter of if, but when.
If you’re buying raw materials or components, review your bill of materials to see if it’s possible to substitute materials or items for cheaper options or source from alternative suppliers. Review your stock levels to identify SKUs where you could reduce order levels since you know demand will fall.
If you’re buying raw materials or components, review your bill of materials to see if it’s possible to substitute materials or items for cheaper options or source from alternative suppliers. Review your stock levels to identify SKUs where you could reduce order levels since you know demand will fall. Increased supplychainvisibility.
They’re game-changers for keeping supplychains steady. Here’s what’s working right now: Predicting Demand Like a Weather Forecaster : Imagine knowing exactly what your customers will want before they even know it themselves. Spread the risk by sourcing from multiple regions. No more overstocking—or worse, running out.
We organize all of the trending information in your field so you don't have to. Join 69,000+ 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