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Ivalua study finds 97% of procurement leaders see significant disruption in direct materials supplychain; 67% not confident in existing technology; 84% consider modernization a ‘strategic priority’. Nearly all executives surveyed (97%) point to significant disruption today in their direct materials supplychain.
Intel has appointed Naga Chandrasekaran to succeed Keyvan Esfarjani as chief global operations officer, executive vice president and general manager of Intel Foundry Manufacturing and SupplyChain. Chandrasekaran will officially assume his new roles on Aug. 12 and he will report to CEO Pat Gelsinger, the technology company said.
It has the authority to issue recommendations for removing or excluding products and services from federal supplychains. This rule will also help make government supplychains and information systems more resilient and less subject to disruptions that could impact government operations,” it adds.
Ivalua Blog [ivory-search] Weathering Future Disruptions: 8 Steps to Building SupplyChain Resilience February 8, 2023 | | Manufacturing by Doug Keeley In the face of an unprecedented global crisis, Procurement stepped up to become a crucial driving force for business continuity. Work to achieve 100% supplychain visibility.
The National Institute of Standards and Technology opened a competition Monday to find an organization that can stand up and operate a new institute focused on using artificial intelligence to improve the “resilience” of manufacturing in the U.S. This new Manufacturing USA institute will strengthen the U.S.
The pandemic and its aftermath only further exposed the fragility of our supplychains in all parts of the economy. Two prominent procurement laws address supplychains and the industrial base: the Buy American Act (BAA) and the Trade Agreements Act (TAA). Some believe a clarification may be affected via legislation.
We believe that a key pillar of this transformation is the supplychain. With such growth comes supplychain complexity. Shift towards self-contracting and self-distribution: With health systems gaining significant scale and wanting more control over their supplychain, this shift is accelerating.
How an agile SupplyChain drives a sustainable competitive advantage. As companies reassess their supplychains in light of the Covid-19 pandemic as well as growing pressure to improve sustainability, some lessons can be learned by taking a look back. Zara’s SupplyChain Approach. Zara & fast-fashion.
The FAR Council issued an interim rule , effective December 4, 2023, which implements the requirements of the Federal Acquisition SupplyChain Security Act (FASCSA). This included three new FAR clauses which prohibit the delivery or use of “covered articles” subject to a FASCSA order in the performance of a government contract.
GE Aerospace intends to invest $650 million this year to upgrade its manufacturing facilities and strengthen its supplychain. an effort that includes the acquisition of additive manufacturing equipment and other machines and tools that will be used to assemble, test and produce engines for military and commercial aircraft.
BlueHalo, a global defense company, announced expanding its supplychain and manufacturing investments to support the U.S. Space Force Space Rapid Capabilities Office Satellite Communication Augmentation Resource program.
For manufacturers, key functions such as sourcing and supplier management have become more challenging as the result of increasing supplychain complexity. One area that manufacturers need to focus on is improving supplychain visibility. Visibility all the way up the supplychain.
The role that procurement plays in manufacturing organizations is a difficult one. This function must simultaneously balance cost reduction, quality, and assurance of supply in their quest to maximize profits. . Procurement needs digitization at its core to enable automation, efficiency, and innovation within the supplychain.
US Government Passes the CHIPS Act to Increase Semiconductor Manufacturing and Research. The CHIPS Act was created in response to pandemic-induced shortages of semiconductors and other critical manufacturingsupplies, causing widespread disruption to supplychains across the country. . 2022) Source.
A review of the key elements in supplier management for manufacturers and how Source-to-Pay procurement technology can support the journey towards supplychain resilience and agility in times of crisis. As the COVID-19 pandemic disrupts global supplychains, procurement organizations around the world are scrambling to react.
The post June 22, 2020 / 11:00 AM EST<br>Achieving Resilience in the ManufacturingSupplyChain – Research & Learnings from Leading Manufacturers appeared first on Ivalua.
They discussed the impact of the Covid-19 pandemic on Procurement and came up with this list of 8 critical supplychain management activities that can help Procurement teams build and maintain supplychain resilience now and in the years to come.
Ivalua, a global leader in spend management, today announced that it has been selected by Swedish steel manufacturer SSAB to further improve the efficiency of its procurement processes and uphold and strengthen supplychain risk management thanks to Ivalua’s Source-to-Contract (S2C) solution. Redwood, CA, 17 October, 2022.
Yes, the non-manufacturing rule permits the small business set asides to provide products. And the exception here under the non-manufacture rule, basically provides for the ability for a company to seek a waiver of the application of that rule to submit products in cases where there aren’t comply products available.
Identifying and Mitigating SupplyChain Risks Both houses of Congress remain focused on assessing and mitigating supplychain risks, especially for materials used for DoD and other national security applications. Subscribe to our blog here so that you do not miss these updates.
A March 11 analysis by trading platform Forex.com claimed that nearly 75% of all companies had already reported supply-chain disruptions, with more than 80% believing that at some point they would experience impacts as a result of COVID-19 disruptions. So, when its supplychain broke, the ripple effects came about quickly.
Let’s examine three ways that better collaboration with supply partners creates value for a manufacturer from product design through demand planning. If you work in the supplychain planning function, supplier collaboration will take the form of shared demand forecasts, inventory positions, and production schedules.
The company said Tuesday Brindlinger, a senior executive with three decades of experience, will oversee Mercury’s global manufacturing, facilities and supplychain and report to Chief Operating Officer Roger Wells. “[Brindlinger’s] leadership will be instrumental in our […]
As the demands on supplychains continue to increase, so do the expectations of consumers. Supplychains are particularly affected by these changes, as well as other external influences that threaten to disrupt their daily operations, such as: extreme weather conditions, supply shortages, global health issues, and economic crises.
From this discussion, we compiled a list of 8 critical supplychain management activities that to improve, build, and maintain supplychain resilience now and in the years to come. But building an agile, resilient supplychain doesn’t happen overnight; it requires forethought and planning.
Federal government agencies would be prohibited from using certain products if they were purchased from an entity other than the original manufacturer or an authorized reseller under a new bipartisan Senate bill. The Securing America’s Federal Equipment (SAFE) in SupplyChains Act was introduced Thursday by Sens.
I mean, in their summary, it says the [National Security Memorandum] directs actions to improve the security and diversity of chip supplychains. Well, the government isn’t making chip supplychains. Because this seems directed at chip manufacturers. Stephanie Kostro Well, that’s exactly right.
Bindi Patel, a more than two-decade consulting industry veteran, has been appointed vice president of contracts and procurement and corporate risk officer at Springfield, Virginia-based defense and space manufacturing company Ensco.
The post June 22, 2020 / 11:00 AM EST<br>Achieving Resilience in the ManufacturingSupplyChain – Research & Learnings from Leading Manufacturers appeared first on Ivalua.
The onset of the coronavirus epidemic has accelerated the supplychain digital transformation that has languished on businesses’ “to-do” list for years. Chaos from the coronavirus has made clear that procurement & supplychain practices need to get smarter. Supplychains have been badly disrupted.
As the COVID-19 pandemic disrupts global supplychains, procurement organizations around the world are scrambling to react. There are many supplychain management lessons to learn from the Covid-19 crisis. These challenges in the direct material supplychain pose a real threat, especially in a time of crisis.
Two weeks ago, FAR & Beyond focused on the “Competing Global SupplyChain Approaches” governing federal acquisition. This blog continues to explore the mixed supplychain messages the federal government is communicating to the industrial base. The exception is triggered by a waiver of the Non-Manufacturer Rule (NMR).
The DMEA Trusted Access Program Office requires the development of an evidence-based “trusted” enclave for manufacturing secure microelectronics in the commercial market as part of the Trusted
Ivalua Spend Management Insights [ivory-search] Procurement Rising: The Silent Inflation Tax on Manufacturers February 27, 2023 | | Manufacturing by Doug Keeley Last year, the Consumer Price Index was the highest it has been in four decades, making inflation one of the most concerning macroeconomic factors facing the business world today.
Healthcare Procurement: Why the Healthcare Industry Needs to Modernize SupplyChains to Meet Today’s Challenges. percent on most categories of supplies compared to those who don’t 2 , according to the Healthcare SupplyChain Association. That is why it is no surprise that 98% of all U.S. billion annually.
The pandemic and its aftermath only further exposed the fragility of our supplychains in all parts of the economy. Two prominent procurement laws address supplychains and the industrial base: the Buy American Act (BAA) and the Trade Agreements Act (TAA). Some believe a clarification may be affected via legislation.
REV Group embarked on its sourcing and procurement transformation earlier this year, which included four appointments to REV’s global sourcing and supplychain team, representing the Fire & Emergency, Commercial and Recreation segments. Consus is a recognized and trusted global supplychain solutions provider.
Procurement and supplychain teams will play a crucial role in making this vision a reality. Carbon Reduction Procurement and SupplyChain teams are essential players in the race to reduce Greenhouse Gas (GHG) Emissions–specifically Scope 3 carbon emissions.
In my last blog post, “ Will your supplychain lead in the next decade? ,” I talked about Gartner’s first-day focus at their SupplyChain Executive Summit in Phoenix, Arizona. This is an especially important message for manufacturers’ supplychain organizations.
There would also be a category for cross-cutting AI, covering “robustness, interpretability, explainability, transparency, safety, privacy, content provenance, and bias mitigation.”
On February 12 Ivalua hosted Senior Procurement and SupplyChain Professionals gathered for an Exclusive Dinner on the 34th floor of The Gherkin with F1 Veteran and Status Grand Prix Founder, Mark Gallagher. Lessons from the evening’s discussion: Supplychains have more resources and expertise than any single company.
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