Navigating 6 Supply Chain ERP Challenges

Enterprise resource planning (ERP) tools help supply chain professionals overcome numerous obstacles. However, deciding to use an ERP for improvements brings challenges, too. 1. Choosing an ERP to match your order volume Maybe you’ve noticed an increase in recent orders. Getting more business seems like a good thing, and it’s generally a positive occurrence. However,…

Sourcengine Integrates Quote and BOM Tools

Sourcengine, the electronic component industry’s leading e-commerce marketplace, today announced that it has integrated its ‘Quote It’ RFQ functionality with its BOM (Bill of Materials) Tool to simplify the component sourcing process for manufacturers and other purchasers. The integration of these two tools bridges the existing, negotiation-intensive purchasing process with the e-commerce-based future of component sourcing. “The…

New Solutions for Common Supply Chain Challenges

The supply chain industry, for better or for worse, has been largely defined by its recent challenges and the ability of businesses to handle those challenges. From pandemic to vendor disruptions, managing a modern supply chain comes with its fair share of obstacles. Fortunately, however, strengthening your supply chain to withstand changes and challenges is…

Resilinc supply chain disruptions – top 5 SC events

Resilinc: Supply Chain Disruptions Nearly Doubled in 2017

Supply chain disruptions globally nearly doubled in 2017, according to Resilinc’s annual report. The analysis covers incidents by risk type, industry, geography, and disruption potential, highlighting global supply chain risks for 2018. The 2017 EventWatch Supply Chain Disruption Annual Report finds the increased disruptions potentially impacted 32 percent of S&P 500 companies over the past…

Procurement Execs Tighten Their Belts

U.S. manufacturing has been on a bumpy ride for the last five months: The Institute for Supply Management (ISM)  has reported industry contraction since October 2015. The pace of contraction slowed a bit in February and is inching closer to a level of 50.0, the demarcation line between growth and contraction on the ISM index.…

Benchmarking: It Assures Better Pricing

Over the 4 years since Lytica Inc. launched our electronic component benchmarking tool set, we’ve concluded there are 4 reasons why companies don’t benchmark their electronic component expenses for competitiveness. There are assumed to be four reasons why companies don’t benchmark component prices. These are: Comfortable with the status quo Believe they are getting great/better…

Supply Chain Goals Misaligned with Execution

An optimal supply chain relies on alignment – between supply and demand, or goals and execution – for success. But a recent report has found a significant misalignment between the business objectives of a strategic supply chain and the resources dedicated toward achieving that goal. Of 250 senior manufacturing executives polled by GT Nexus, which…

Avnet Doubles Down on Embedded Systems

The value of embedded systems in the distribution channel was reinforced in recent weeks as Avnet Inc. dedicated global sales and support resources to the embedded market segment. Ed Smith, president of Avnet Electronics Marketing, Americas, was named as senior vice president of Avnet embedded systems,  global, earlier this year. For the past year, Smith has overseen both…

Advocate Says Reshoring’s Down, But Not Out

Although the pace of U.S. reshoring decelerated in 2015, one manufacturing expert says the trend is far from standing still. A recent report released by consultancy A.T. Kearney concluded that the U.S. reshoring train “has yet to leave the station.” The Reshoring Initiative (www.ReshoreNow) disagrees. “Repeated surveys by Boston Consulting Group, Plastics News/Nexant, Alix Partners…

Survey to Gauge Social Media Use Within Supply Chain

Which social media networks are most effective for companies within the logistics and supply chain industries? What are the key benefits realized by companies who use social media?  What challenges do companies face? Fronetics Strategic Advisors, a management consulting firm, is conducting its annual survey on social media within the logistics and supply chain industries. …