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
As members of one of the most highly regulated industries in the world, medical device manufacturers face numerous challenges. From stringent quality standards to comprehensive documentation requirements, Class 1 and 2 manufacturers must navigate a complex landscape to ensure compliance and product excellence.
In manufacturing, the Internet of Things (IoT) is the technology that will allow companies to purposely instrument their equipment and products to collect data and then use it to improve, experiment and develop value. IIoT refers to the usage in areas such as manufacturing plants and supply chains. Manufacturing efficiency.
Just ask any manufacturer who’s had to halt production because a single critical component wasn’t available. The resilience of your supply chain is determined by its structure and operations, whether we’re dealing with major immediate events like a pandemic or gradual systemic changes to your business environment over time.
Procuring transportation for freight is much different than any other procurement category. Transportation procurement needs to support both customer service and a company’s internal supply chain goals. One master of freight procurement is Kyle Masters. Simmons Foods Simmons Foods is a farm to fork poultry manufacturer.
As organizations look for reducing dependencies on concentrated sources of supply, Eastern Europe, Mexico, and South Asian countries will start providing viable alternatives to the current manufacturing powerhouse countries. Wanted to share these thoughts here.
Companies can also test-drive their supply chains by introducing the uncertainty of events that are difficult, if not impossible, to predict with accuracy. These events can range from minor supply disruption or canceled shipments to significant black swan events.
The surging Delta virus, devastating floods in China and Germany and cyber attacks on South African ports are amongst the latest in a series of events that continue to send shock waves throughout the system. In light of all of this, I’d posit we can no longer look at the events of the last year as an aberration. The impact?
Moreover, this exercise might need to be repeated several times depending on how the war proceeds. The purpose of data aggregation is, on one hand, to minimize the number of records you’ll be working with and, on the other hand, to reflect critical business patterns: order prioritization, customer segmentation, sourcing logic.
The first one arrived a few years ago when a growing number of companies started treating supply chain design as a continuous business process instead of a standalone project or a once-a-year exercise. Source: LLamasoft. The slide below provides an overview of SupplyChainPlanning.com: Source: LLamasoft.
Until the Coronavirus began wreaking its havoc, global companies could run their supply chains on the assumption that disruptions would be rare and short-lived, and that products should be sourced, produced, and distributed at the cheapest locations to be found, wherever in the world that may be. 3) Shorten Your Supply Chain—Source Locally.
The consequences of a pandemic event are hard to predict,” says Koray Köse, Senior Director Analyst, Gartner. Sourcing: Travel may be restricted to certain areas, limiting the ability to discover, qualify and certify new business or programs and to transact business. ? Many may turn to online sales, challenging logistics networks.
With current events in mind, managing future supply chain disruptions will be an integral component of corporate strategy. Creating supply chain resilience is a holistic exercise that involves more than just a few savvy logistics people. As mentioned, this should not be an exercise limited to supply chain professionals.
As diamonds, and to a lesser extent, perhaps gold, are resources with origins that can sometimes be controversial, companies like De Beers have seized upon blockchain to provide evidence that their gems come from sources that don’t involve insurgency funding or forced labour. The system has been enjoying success throughout its early phases.
Industrial Manufacturing. Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. News & Events. |. Missing PPM means no demand on raw materials resulting in less procurement leading to reduction in order fill rate. Automotive.
The two companies switched positions in 1991, an event which heralded the start of a decade-long decline for Kmart, which ended in bankruptcy in 2002 and led to a subsequent merger with Sears in 2004. Direct purchases from producers or manufacturers, instead of buying through wholesalers (if your company is engaged in retail commerce).
The COVID pandemic may have been an extreme example of what can go wrong, but it also underscored the importance of planning and decision-making in the event of sudden disruptions that upend the normal working of the complicated modern supply chain apparatus.
As digitization continues to modify the global supply chain landscape, its unprecedented data sources and solutions will lead to not only the demise of disparate information systems, but to the rise of true, end-to-end, supply chain visibility. By Cosmas Hoefnagels for Talking Logistics. Improve lead times and performance.
That’s why it seemed a good idea to highlight some very practical and in most cases, inexpensive ways your company can keep employees hungry to learn, and to satisfy their appetite with readily accessible sources of supply chain education and knowledge. Manufacturing Planning and Control for Supply Chain Management, by F.
Whether you need to improve cost, service or other aspects of supply chain performance , both internal and external supply chain benchmarking exercises are a great way to identify, set, and work toward continuous improvement goals. Waste produced in manufacture, storage and transportation. Build a Baseline for Continuous Improvement.
While this task will draw heavily on the demand plan, the Supply Chain Head will also need to canvas input from the company’s finance, logistics, operations, and manufacturing functions. The heads of the sales and marketing departments are also the ones who schedule sales events and promotions. The Executive Sponsor.
The Triple Challenge of Supply Chain Learning Supply chain managers and employees today have a direct impact on one of the most important sources of profit to an enterprise. Al Manufacturing Planning and Control for Supply Chain Management, by F. Education must nonetheless fit in with business activities. What are the solutions?
Reduction in Asset Capital Warehouses and vehicles are expensive to purchase or lease and can tie up millions of dollars that could otherwise be invested in the core business of the firm. There are exceptions of course, but they tend to be very large scale manufacturers where the investment horizon is from 5 to 15 years.
This portion of training must consist of “demonstrations performed by the trainer and practical exercises performed by the trainee” [OSHA standard 1910.178(l)(2)(ii) ]. Usually, the company offering the course will give you a login, where you can see all the different classes and resources included with your purchase. Fuel sources.
Image Source : TWITTER@MEAINDIA. The Sides reviewed progress in the implementation of Priority Investment Projects in the spheres of mining, metallurgy, power, oil & gas, railways, pharmaceuticals, Information Technology, chemicals, infrastructure, automobile, aviation, space, shipbuilding and manufacturing of different equipment.
With the justification aside, they next had us go through exercises calculating net present value and ROI for a hypothetical capital investment in tooling – as though a shop floor supervisor would do this at any point in the course of their job. Most of these were small-scale tactical affairs. It was a triumph moment for everyone.
This digital collaboration network connects buyers, suppliers, contract manufacturers, carriers, and banks. Frank Waechter, Vice President of Treasury and Insurance at PUMA, firmly believes the Nexus platform adds value to this process: “Collaboration with suppliers is much more than a digital exercise. The acceptance rate tripled.
Your friends here at Cerasis already provide you with one of the best sources in the world of the latest in logistics guidance and developments. In more than 25 years of private practice and consulting with businesses of all sizes, I’ve learned that one of the most beneficial exercises is asking the right questions.
So what might drive companies to return to insourcing, especially after the painstaking exercise of finding an outsourcing partner, drawing up complex contracts and service level agreements and building a relationship which at the outset, is foreseen as a long-term partnership? Why Take Logistics Back In-House? Better to Have Loved and Lost?
Their 2025 outlook identifies the five most likely supply chain events that will impact supply chain operations this year. Each event is assigned a risk score. Climate change is causing more frequent and intense extreme weather events around the world. Drowning in Climate Change This is the top risk identified by Everstream.
It is an academic exercise to speculate …but there are some big dollars at stake here.”. From a strategy perspective, OEMs are unwilling to make big investments on what could be a short-term event, with trade negotiations set to continue and the prospect of a new government in the US in a couple of years. That is exciting.
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