CEOs, as well as supply chain and procurement managers, find it difficult to predict where the next "bottleneck" will be, which will disrupt the supply of parts, stop production lines and cause dissatisfaction with the end customers...
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The quality of supplier collaboration can mean the difference between an efficient supply chain and poorly executed one...
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Achieving a healthy level of collaboration with suppliers is essential for a successful relationship...
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Lack of real time tracking of suppliers is a growing concern for many supply chain and procurement professionals in the wake of the current supply chain world wide chaos...
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Poor on-time delivery (OTD) performance from suppliers impacts more than customers. Itβs also an indicator of poor production efficiency...
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βWe cannot accept this additional slip from 11/30 promise to second week of December..."
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Global supply chain issues are making headlines these days and all industries are feeling the pain of supply chain disruptions, facing everything from difficulty obtaining needed supplies to being unable to fulfill customer orders as quickly as they have in the past....
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βJust yesterday, the supplier moved their commitment date from 11/11 to 12/30 in the portal. Our line is stopped. We need these parts next weekβ¦ I need a milestone chart showing some schedule improvement on this part tomorrow. β
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In most enterprise purchasing systems, suppliers lead time are entered upon supplier agreement signature and are kept as static data on a part level which is not updated frequently or at all....
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2020 has been in many respects the year of the supply chain, and as we move through the myriad of 2020 disruptions, we understand that procurement has a supplier data problem...
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End-to-end PO visibility is one of the most important aspects of any supply chain operation. Having a clear picture of what your purchase order life cycle looks like is essential.
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Global supply chain issues are making headlines these days and all industries are feeling the pain of supply chain disruptions, facing everything from difficulty obtaining needed supplies to being unable to fulfill customer orders as quickly as they have in the past.
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According to Gartner, more than 50% of Supply Chain Executives cite Lack of Supply Chain visibility as their Top Challenge, and according to a recent report from ASCM and the Economist Intelligence Unit Over half of companies lack end-to-end visibility into their supply chains...
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With supply backlogs and bottlenecks growing, as can be seen per the PMI suppliers delivery times index (see graph) and on time delivery rates dropping, supply chain executives acknowledge that having readily accessible real-time suppliers data...
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"Todayβs supplier interactions are largely tactical and lack real insight or platform integration. Thatβs why the future of procurement is expected to depend on creating a new operating model that drives supplier and third-party performance and relationships to a new level..."
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End-to-end PO visibility is critical for a company to run smoothly and efficiently. It can reduce costs, increase profits and improve the customer experience. Various challenges come in the way of effective end-to-end PO visibility,...
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Consistent suppliers OTD problems can negatively affect many areas of a companyβs supply chain. From material shortages on the production floor, delayed schedules, extra labor costs for waiting and costs of amending production lines, extra shipping...
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Big data analytics is a powerful tool that can help companies achieve end-to-end visibility into their suppliers operations. Organizations generate massive amounts of data every day and much of it comes from the supply chain and suppliers...
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