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Joe Lynch and Steve Elwell discuss 3 emerging supply chain trends. He is an expert in the growth and turnaround of small and medium manufacturing, logistics, and technology businesses. Key Takeaways: 3 Emerging Supply Chain Trends. In this podcast, Joe and Steve discuss 3 emerging supply chain trends. Steve Elwell.
Four key reasons why suppliers are critical for managing direct spend Innovation and Product Development: Suppliers often have deep knowledge about the materials, processes, and industry trends that can drive innovation. An example of this is Vendor Management Inventory and Capacity Collaboration for contract manufacturing.
About Supply & Demand Chain Executive Supply & Demand Chain Executive is the only supply chain publication covering the entire global supply chain, focusing on trucking, warehousing, packaging, procurement, risk management, professional development and more.
Steve is he Managing Director of Haxlar , an integrated manufacturing solutions provider, delivering design, manufacturing, sourcing, supply chain, and product management services for a wide range of industries. He is an expert in the growth and turnaround of small and medium manufacturing, logistics, and technology businesses.
Continual technological changes necessitate adjustments to manufacturing and supply chain processes, leading to a heavy volume of contracts that outpaces most industries. The high-tech and telecom sectors face a contract management crisis if the process isn’t managed properly. What can CPOs do to ease the contract management burden?
Jorge is Co-CEO of The Nearshore Company , where he helps North American, European, and Asian manufacturing companies to successfully establish reliable manufacturing operations in Mexico. About The Nearshore Company The Nearshore Company is a manufacturing services company that was founded in 1992. Jorge holds a B.A.
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.
Procurement has never played such an important role in the increasingly globalised economy. Has procurement fundamentally changed itself in the past 10 years? Strategic Procurement can mean totally different things in different industries and sectors. The time when Procurement was almost a synonym to Purchasing has long gone.
Automotive distributors play a vital role in the automotive supply chain by procuring parts, warehousing them, and then supplying them to OEMs (original equipment manufacturer), retailers or end consumers. Using a supplier portal, distributors can mitigate these risks by quickly checking where alternative parts can be sourced.
Speaker: Olivia Montgomery, Associate Principal Supply Chain Analyst
The supply chain management techniques that dominated the last 30 years are no longer supporting consumer behavior or logistics and manufacturing capabilities. You'll learn more about: Trending supply chain tech investments to consider. Procurement strategies in response to network delays and bottlenecks. So what’s working now?
The explosion in globalisation, and corresponding reduction in transport availability over the last decade or so, have together kiboshed some of the factors which once fueled a steady growth in offshore manufacture and procurement. Indirectly, the rest of the world benefits too.
The modern supply chain is a complex network of suppliers, manufacturers, distributors, and customers, all interconnected and reliant on a shared ecosystem of trust and accountability. Ethical sourcing entails: Labor Practices: Ensuring fair wages, safe working conditions, and compliance with local and international labor laws.
When Levitt made his insight public, manufacturers often dictated what the market would receive, leaving customers with little other choice than take it or leave it. Truck manufacturers have been experimenting with multiple radio controlled trailers so that one driver can handle greater transport volumes.
Anthony transitioned to a Corporate Economist & Consultant, advising CXO leaders and Fortune 500 companies on economic analysis, industry trends, and internal strategy. Anthony’s clients varied from construction, trucking, industrial, software, manufacturing, and retail industries.
Transportation, warehousing, and manufacturing collectively contribute significantly to carbon emissions, making these areas critical for meaningful change. Ethical sourcing is a fundamental aspect of social sustainability. The impact of supply chains on local communities cannot be overlooked.
Just ask any manufacturer who’s had to halt production because a single critical component wasn’t available. 2) Diversify Your Operations The companies most likely to get through a crisis are those that have made an effort to diversify their operations and implement multi-sourcing strategies.
As a global conference, exhibition and networking experience, we attract some of the biggest oil and gas companies and top-performing engineering, procurement and construction firms, all groups who are eager to capitalize on the benefits of Breakbulk Americas and connect with new supply chain partners. 27 – Thursday, Sept. 29 at the George R.
Robotic Process Automation Deployment According to the APQC data, organizations are exploring Robotic Process Automation across a number of supply chain areas, including supply chain planning, sourcing and procurement, logistics and warehousing, and manufacturing. Many technologies are implemented as a source of cost cutting.
In April 2023, one of our Indago members — who are all supply chain and logistics executives from manufacturing, retail, and distribution companies — submitted the following question: “We see the future of transport moving toward electric and autonomous vehicles.
Source: J.P. Global Manufacturing PMI Global Trade as a Barometer Clearly domestic business activity is much larger than international trade. The third trend is that global trade growth appears to be gradually slowing. ManufacturingPurchasing Managers Indexes The J.P. I see that as a positive.
The Need for Speed When you talk to supply chain planning software suppliers, they identify similar trends. And the trends they are focused on have a direct impact on their product development plans. This creates a unified view by stitching together data sources in real time. Many companies are planning at the edge of chaos, Ms.
To examine supply chain management priorities, performance, and anticipated trends, APQC conducted its 10 th annual Supply Chain Management Priorities and Challenges research, including a survey of more than 350 supply chain professionals from around the world and across multiple industries.
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. It might highlight logistics jams, manufacturing capacity, quality issues, or procurement cost trends. Factories serve local markets.
Reducing reliance on single suppliers and diversifying supply sources can mitigate the impact of disruptions in specific regions or industries. Sunpower was once one of the larger domestic solar manufacturers and remained resilient during the cleantech bust of the early 2010s has finally met its match.
And even before they begin, they must realize these problems are too big for any single team—supply chain must connect with finance and procurement to treat the n-tier suppliers as an extended part of their network and become their preferred customer. By identifying these gaps, you can create sourcing events to close them.
The three steps in realizing the vision are 1) flexible, reconfigurable plant; 2) global manufacturing networks of flexible, configurable plants; 3) the integration of the previous step with digital, certified, encrypted product definitions. flexible manufacturing in fast-moving products. both in the process and discrete industries.
In this scenario, by adopting an adaptive supply chain, the retailer uses real-time data analytics to identify emerging trends and collaborate closely with suppliers to quickly adjust production and inventory levels to meet customer demand. This collaboration enables faster response times and cost savings.
Management practices such as lean manufacturing and just-in-time inventory management, along with globalization, have made tremendous impact on cost and service, but have accentuated risk. Globalization, nearshoring and friendshoring trends are amplifying the supply chain risks. This is where AI can make all the difference.
Jeff Erwin, VP of manufacturing at G&J Pepsi-Cola Bottlers , has been helping to accelerate the digital transformation while aligning with the company’s goals and mission to improve its operational efficiency and meet customer requirements and regulatory compliance challenges by tracking and measuring performance.
The percentage of purchases made and fulfilled through digital commerce has exploded in the past two years, advancing a pre-pandemic trend by as much as 10 years according to some industry watchers. Automate, automate, automate – This is not a new idea or trend.
Supply Chain Agility is Critical Vertical integration and local or regional sourcing/manufacture are two of the most important elements in maintaining the supply chain agility needed to compete with fast fashion trailblazers like Zara. What’s on the Fast Fashion Horizon?
When stock reaches a certain threshold the system automatically triggers purchase orders to suppliers. Predictive Analytics and Demand Forecasting – Modern supply chain systems analyse historical data, market trends and even weather patterns to predict future demand. What are the benefits of supply chain automation?
Fill Rate (Order Fill, Line Fill, Unit Fill) While fill rate might be one of the components making up your perfect order KPI, it’s not a bad idea to keep track of order fill and line fill as KPIs in their own right, especially if in full performance is not trending above 98%. Use weekly, monthly, and year-on-year data for your analysis.
As a term it encompasses the strategic alignment of business practices between suppliers, manufacturers, distributors, and retailers working to optimise resource utilisation, reduce costs, and enhance customer service. The distributor, seeing this uptick and wanting to stay safe, orders 30% more from the manufacturer.
Having an agent detect how long it takes to ship from a supplier site to a manufacturing facility, and then doing a running calculation on how the average lead time is changing, is trivial math. But very few vendors are taking those alerts and automatically feeding them into their manufacturing planning solutions.
The most interesting thing that Blue Yonder is doing from an OMS standpoint is driving promising and pre-sourcing to retailers. Joule can analyze the sustainability practices of suppliers and manufacturers that a retailer partners with. And if they are not, the retailer can look at alternative sources that aligns to their goals.
Zero marks the historical average, and changes in either direction mark standard deviations from that trend. But chicken and eggs are not the only protein source that has been facing supply chain shortages. Actually, when looking a bit closer at the numbers, supply pressures actually fell below normal. in December 2021.
-based carrier’s role in Mexico as nearshoring manufacturingtrends drive more cross-border trade. Global supply chains are shifting, Mexico’s role in global trade is growing, and Mexican small and medium enterprises and manufacturing sectors are looking for reliable access to the U.S.
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