Strategic Sourcing: Five Steps to Secure the Best Suppliers
Oct 8, 2020 · As organizations retool their supply chains for 2021, they have an opportunity to revisit their sourcing to put in place the structure and organization to drive the best outcomes, by following these five key steps for strategic sourcing success. Evaluate, collect data and build a …
The AI Revolution: Transforming Supply Chain and Logistics with ...
Feb 5, 2024 · Analyst Insight: The use of artificial intelligence (AI) in logistics and supply chains has increased significantly over the past several years as companies have been seeking ways to enhance decision making, streamline operations, reduce costs and improve customer satisfaction.By providing logistics and supply chain professionals with deeper insights at a much higher frequency and granularity ...
Seven Steps to Ensure Quality Across the Supply Chain
May 20, 2021 · Take an enterprise-wide approach. Expand the role of supplier quality management from just the quality team to everyone who has a relationship with your suppliers. Your procurement team can be a strong ally in ensuring proper supplier quality. Involve suppliers. Make suppliers part of your quality system.
A Global Logistics Outlook for 2024 | SupplyChainBrain
Feb 5, 2024 · A Global Logistics Outlook for 2024. February 5, 2024. Mike Short, President, Global Forwarding at C.H. Robinson. Analyst Insight: Resilience has been a main theme since the pandemic revealed risk in supply chains that weren’t properly diversified, leaving them vulnerable to disruption and delays. While many shippers have made great strides ...
Goals vs. Metrics Keep in mind that goals and metrics are different, although sometimes the terms are used interchangeably. A goal is a measurable outcome or end point.
IoT in the Supply Chain: Why Do We Need It?
Feb 21, 2024 · In the supply chain, IoT solutions can help track, manage and deliver goods. Applications can help automate or monitor specific picking and packing processes, and brands like Amazon employ solutions like this. On the other end of the scale, applications can be used to monitor the entire supply chain. For example, Volvo uses IoT to track the ...
Four Steps to Managing Supply Chain Bottlenecks and Constraints
Jan 29, 2024 · The theory of constraints is a methodology for identifying key obstacles to achieving a designated goal. It involves systematically enhancing and resolving a constraint until it no longer hinders progress. By removing bottlenecks in the supply chain, companies can reduce inventory and operating expense, while enhancing throughput and overall effectiveness.
The Rise of the Reshoring Movement in the U.S.
Feb 2, 2024 · An estimated 93% of manufacturers are planning to increase the pace of reshoring within their supply chains. While this will require stepped-up training efforts —58% say they will require more specialized training in the U.S. to aid reshoring efforts — the shift will make it easier for companies to integrate AI-powered platforms into their ...
The Imperative of Multi-Tier Supply Chain Visibility
Feb 5, 2024 · The Imperative of Multi-Tier Supply Chain Visibility. Analyst Insight: The need for product-level visibility across multiple tiers of the supply chain was reinforced during the COVID-19 crisis. It’s also being driven by new regulatory requirements for environmental, social and governance (ESG) compliance, such as the German Supply Chain Act.
Five Critical Challenges Facing Pharma Supply Chains
Mar 30, 2022 · Here are five critical challenges caused by a lack of visibility: Inability to easily identify potential disruptive events. The COVID-19 pandemic highlighted many of the core problems that pharma producers and distributors encounter daily, with vaccines produced at mass scale and requiring refrigeration within precise temperature ranges in ...