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
Over his 30+ year career in the supply chain, Richard has worked with manufacturers around the world in operations, supply chain, and lean strategy roles to develop systems that can manage complex supply chains on a global scale. Richard previously founded and led Factory Logic, Inc. acquired by SAP).
Companies leaning heavily on global sourcing? Theyre feeling the heat most, as sudden trade policy curveballs throw procurement plans into chaos. manufacturer I know saw their import costs jump overnight, forcing a rethink of a decade-old sourcing strategy. What Is Agile Procurement?
Supply chain practitioners seeking the best way to speed decision intelligence, unify supply chain data, and increase operational efficiency can benefit from a supply chain data gateway. Here are 10 ways a supply chain data gateway can improve your performance across the end-to-end supply chain.
Access to Unique Process and Asset Capabilities: Some suppliers offer unique skills, technologies, or processes that are not available in-house or through other sources. Or they may have expertise in manufacturing processes and have flexible capacity to allow contract manufacturing for new product introduction.
Supply chain practitioners seeking the best way to speed decision intelligence, unify supply chain data, and increase operational efficiency can benefit from a supply chain data gateway. Here are 10 ways a supply chain data gateway can improve your performance across the end-to-end supply chain.
SAP is embedding its generative Joule across the SAP Ariba source-to-pay solution portfolio to make it easier for their customers to manage routine inquiries, such as status updates, summarization, and frequently asked questions. When a procurement contract is negotiated, the buyer has planned to achieve a certain level of savings.
The most common form of trading partner collaboration is purchase order collaboration. With PO collaboration, buyers send digital purchase orders over the network to suppliers or other trading partners. They sell to the automotive, data communications, medical, industrial, consumer electronics, and other industries.
As supply chain disruptions continue the procurement function should adapt to improve transparency, build collaborative relationships, and ensure sustainable sourcing practices, resulting in a stronger, more resilient supply chain with Cloud ERP for manufacturing. Strategic sourcing with Cloud ERP.
In a previous blog AI and Machine Learning in Manufacturing ERP: Key Benefits , we discussed the benefits of using AI in manufacturing and how it could be enhanced with an ERP system. While manufacturers are keenly interested in using AI, the main question they have is what are the best use cases for AI in ERP?
Data is a crucial component of digital transformation in the manufacturing sector. However, data in itself is not a value driver. Many manufacturers aren’t maximizing the value from enriching data and missing out on opportunities to grow, optimize or manage risk. Share data for partnership and growth.
Procurement in manufacturing companies is often not done correctly. With direct and indirect materials making up at least 50% of typical manufacturing costs, the procurement function could be re-imagined so companies can be more responsive to customer demands and more agile when dealing with supply chain challenges.
There is a belief that manufacturing is a mechanical process with not much thinking involved. While this is wrong for manufacturing in general it is especially wrong for process manufacturers – companies that produce food and beverages, paints, chemicals, pharmaceuticals, and cosmetics. What is process manufacturing?
For example, an ERP for automotive distributors needs to include not just a standard sales function but also allow for automotive-specific processes like call-offs and contract pricing, as well as other processes like returns and lot traceability. An ERP provides a central repository for all a distributor’s data.
Most manufacturing companies are working on what a low carbon future means for their business with the urgency to cut global CO2 emissions in half by 2030 and strive for a net-zero by 2050. We know that the manufacturing industry is the engine of economic growth and social impact. The pressure to confront climate change.
The best way to understand the difference between procurement and purchasing in a business is to consider the process involved in buying a car, says Logistics Bureau’s procurement specialist, Trent Morris. Procurement First, Purchasing Follows. But all of those things become purchasing as opposed to procurement.
In past blogs, we have discussed different types of manufacturing – discrete and process. Discrete manufacturing makes distinct ‘things’, process manufacturing makes ‘stuff’ (for example, fertilizer). Mixed-mode manufacturing challenges. Manufacturing planning and scheduling.
When the COVID-19 pandemic hit, some of the challenges it posed to manufacturing and distribution were new. I grew up in manufacturing. My family owned a manufacturing operation, so I experienced firsthand the challenges that mid-market manufacturers face. Manufacturers need a single source of accurate information.
The pandemic pushed manufacturers and distributors to rapidly shift gears, from addressing work-from-home policies to managing extreme swings in demand and uncertain supply chains. A 2020 SYSPRO survey showed that 60% of manufacturing and distribution businesses were impacted by supply chain disruptions during the pandemic.
Manufacturers are aware they need to modernize to take advantage of what technology can offer. However, technology options are available for manufacturers to use that can help digitalize their operations without the expense (not to mention production downtime) of plant upgrades. The 5th, 10th or is it older? What is 4IR?
These ongoing disruptions mean manufacturers and distributors must navigate challenges while rapidly addressing the needs of their people, customers, and suppliers. With reliable data from ERP manufacturers and distributors can use data analytics to respond to challenges. Digitalization to thrive into the future.
The food and beverage industry is a dynamic, ever-evolving sector in which manufacturers are continuously seeking ways to optimize production and reduce costs in the face of shifting consumer demand and preferences. Thats a tall order for food and beverage manufacturers.
As the world begins to probe the implications of AI in their everyday lives, manufacturers and ERP providers are looking at how it can deliver real value from the shop floor to every corner of the supply chain. Cognitive AI, predictive AI, and generative AI each bring unique enhancements to manufacturing ERP systems.
They emphasized being an Industry Cloud Complete Company with industry-specific solutions for over 2000 micro verticals across Process Manufacturing, Distribution, Service Industries, and Discrete Manufacturing. Industry-specific content is available for processes like Source to Settle, Procure to Pay, Order to Cash, and more.
Manufacturers are facing a unique set of constraints and efficiency has never been more important to the industry than now. However, manufacturers can only reap those benefits if they implement the right processes to enable this approach and embrace a strategy of continuous improvement. What is lean manufacturing?
The past two and half years have certainly brought a variety of challenges and opportunities that have made innovation not just a preference, but essential for manufacturers and distributors to thrive into the future. Optimizing the use of data for manufacturers. Obstacles on the data journey for manufacturers.
Just about every supply chain will be affected by this crisis, for example, with fuel prices surging although there is no shortage yet, there’s risk in supply and shipping routes being cancelled or diverted. With digital technologies, organisations can use data to maximise visibility into demand, inventory, capacity, supply, and finances.
Traditional manufacturing favored long production runs of the same product because retooling machines to produce different products could cost time and resources, and waste capacity. In 21st-century manufacturing, however, long production runs are no longer valid. Flexible manufacturing has several benefits.
It is no secret that the manufacturer and distributor sectors have been some of the hardest hit by the global health crisis and recent geopolitical instability. Tackling the various hurdles faced by manufacturers and distributors requires a strategic approach. Implementing innovative cost-saving for a manufacturer.
With a manufacturing operation based on Assemble-to-order (ATO) , success hinges on being able to get products to customers quickly. This should also integrate with inventory management and procurement so that goods are ordered in time and there is visibility over stock items. How ERP helps Assemble To Order (ATO) manufacturers.
For manufacturers that have grown up from a small business, with a handful of employees and few customers, to one with many staff and customers, there comes a time when the business software needs of the company have to be re-evaluated. Here are ten reasons how an ERP system can help manufacturers.
For manufacturers, having the right business intelligence on hand at the right time can eliminate the guesswork from decision making, offering real-time visibility into business processes so you can anticipate your next move. In recent years, the amount of data available to most companies has exploded. Data warehousing costs rise.
As logistics networks become increasingly complex, the volume of real-time data generated by devices, equipment, vehicles, and facilities is growing rapidly. Edge computing processing data locally, near the source has emerged as a method to address these challenges by reducing latency and improving resiliency.
What Celanese has accomplished is the single best example ARC is aware of employing agentic AI and copilots at scale. Ibrahim Al Syed, the director of digital manufacturing at Celanese, was surprisingly forthcoming about how Celanese developed these capabilities at ARC Advisory Groups 29th Annual ARC Industry Leadership Forum.
In the past, there were clear lines between traditional retailers and manufacturers. Costco example: they sell different brands and market their brand Kirkland, which now accounts for approximately 25% of their revenue. Data is essential in the digital world since it allows the company to develop a buyer persona.
Reducing cost was the primary objective, and most operational decisionsfrom sourcing to fulfillmentreflected that mindset. Sudden tariff increases can quickly make a cost-optimized procurement strategy untenable, leaving companies scrambling to adjust. Procurement is another area seeing change.
Over the last decade, the role of the manufacturing and distribution CFO has undergone a profound shift. The role of the CFO is being transformed by technological innovation and access to massive amounts of data, both inside and outside the organization. Here’s ERP ROI for the manufacturing and distribution CFO: 1.
In a previous post , I made a case for how the Chief Supply Chain Officer (CSCO) and Chief Procurement Officer (CPO) are smarter together. Accordingly Supply Chain and Procurement will need continuous collaboration. Here are some examples of such use cases.
Unless manufacturers change, they will find that their ability to forecast demand, and determine what to do to meet it, will be challenging. Supply chain management (SCM) systems help businesses to manage the flow of goods and services right from the sourcing of raw materials, to delivering finished goods to the customer.
Orders are up, business is booming, and your manufacturing operation is expanding. Benefits of ERP Systems to Manufacturers Increased Visibility An ERP allows for a holistic view of your operation. The same data can be transferred throughout multiple layers of the operation.
In today’s global economy, Australian manufacturers must transition to a more sustainable and ethical business environment if they want to stay profitable. The impact of ESG for manufacturers. Such technology, for example, can help organizations identify the fastest, cheapest, and most sustainable shipping routes.
If you were tasked with procuring the best supply chain IT system, what would you look for? Let me explain the typical integration: ERP serves as your foundation – it handles all your basic business transactions and maintains your master data. Think of it managing things like purchase orders, invoices, and inventory records.
The high-tech firm is more than a manufacturer of PCs, tablets, smartphones, and servers. The company has more than 2000 suppliers and operates over 30 manufacturing sites. An iGPU (integrated graphic processing unit) is a current example. For example, we’re working on telling the solution that it has a budget.
People have been talking about the ‘paperless office’ for decades, but many manufacturers and distributors still have staff members manually printing, posting, faxing, emailing and managing documents that go out to customers. How Manufacturers and Distributors can automating document distribution help? Reduced efficiency.
The new AI revolution presents a great opportunity for manufacturers to retain their staff and attract younger employees by providing new skills for the future world of business where the role of AI will play a greater part. The impact of AI on manufacturing is that the skills used will be more advanced.
We organize all of the trending information in your field so you don't have to. Join 84,000+ 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