Sourcing Captain

SEPTEMBER 28, 2021

Sourcing products from a low-cost country such as China can make a huge difference to your top and bottom lines. However, your success depends a lot of how to create and implement your sourcing strategy. Here are some tips that will help you create a profitable China sourcing strategy. Tip 1: Look beyond the Production Costs.

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Sourcing Captain

AUGUST 25, 2021

In today’s hugely competitive global markets, everyone strives to reduce their sourcing costs while still maintaining the quality. Effective sourcing of goods from suppliers is more important today than it was ever before. For this reason, strategic sourcing has become central to every organization’s procurement policy.

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IBM Services

FEBRUARY 13, 2024

For sourcing teams, that means pivoting their mindset around selecting suppliers from a tactical, lowest-cost-above-all approach to a strategic one. Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals. And from that group, 71% would pay a premium for it.

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Perficient Digital Transformation

APRIL 20, 2022

Recently, in honor of International Women’s Month, Perficient hosted a roundtable “Mastering Manufacturing with Experts”, with female manufacturing experts to discuss top trends in the manufacturing industry. Before diving in, let’s look at some interesting manufacturing facts: 30% of the manufacturing workforce is women.

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IBM Business Partners

SEPTEMBER 5, 2023

Open-source software. DevOps, open source and the mainframe Open-source software and DevOps share a common philosophy and technical underpinnings. GitOps gets its name from Git, the hugely popular, open-source code-management tool. Such an architecture includes many open-source elements.

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Ivemsa

JANUARY 30, 2024

Cost-effective labor is one of the biggest benefits of manufacturing in Mexico. and other foreign manufacturers may be wondering how this cost increase affects them. Therefore, the impact of the increase to foreign manufacturers will be minimal, if at all. However, with the recent change in Mexico’s minimum wage, U.S.

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Sourcing Captain

SEPTEMBER 16, 2021

As we have discussed in our previous blogs, strategic sourcing is the perfect and innovative way to reduce costs, achieve a faster time to market and improve the quality of the final product. Wikipedia defines strategic sourcing as,” the process of developing channels of supply at the lowest total cost, not just the lowest purchase price.

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Ivemsa

OCTOBER 20, 2023

Mexico has been a manufacturing leader but has recently surpassed China as the top trade partner with the U.S. and other foreign manufacturers expanding their operations can depend on the blueprint that Mexico has in place. Over the past 20 years, the number of aerospace manufacturing firms has grown over triple in size.

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Ivemsa

AUGUST 23, 2023

companies manufacturing in Mexico have been historically successful and continue experiencing strong growth across all sectors. The medical device industry, in particular, has become a hub of production, following in the footsteps of global manufacturers like Medtronic, Stryker, and Johnson & Johnson. market for medical devices.

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Ivemsa

APRIL 1, 2024

Understanding how to navigate operating in a foreign country often requires a learning curve many manufacturers aren’t prepared for. and other foreign manufacturers can stay competitive : 48-Hour Work Week The U.S. However, it is common for manufacturers to divide the 48-hour work shift into a five-day Monday-to-Friday work week.

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Ivemsa

JUNE 27, 2023

However, manufacturing in Mexico requires a spectrum of roles ranging from entry-level to managerial. and other foreign companies manufacturing in Mexico need to know what it takes to stay competitive. As more foreign manufacturers are struggling to find skilled labor, Mexico is becoming a central part of the solution.

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Ivemsa

OCTOBER 26, 2023

Manufacturing in Mexico has prevailed as a leading business strategy, especially over the last few years. and other foreign manufacturers have outsourced production to China without owning their own factories or equipment. Quoted by Units vs. an All-Inclusive Fee With contract manufacturing, companies work with third-party suppliers.

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Capgemini

MARCH 16, 2022

Early pilot initiatives have demonstrated that digital technologies help build on the foundations laid by Lean Manufacturing and extend those benefits to entire facilities or even to end-to-end supply chains. Concurrently, manufacturers are under pressure. AEROSPACE MANUFACTURING JOURNEY. Industry 4.0

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Ivemsa

JANUARY 23, 2023

The advantages of shelter manufacturing in Mexico have recently gained increased attention due to the 10th North American Leaders’ Summit held in early January. President Biden, Canada Prime Minister Trudeau, and Mexico President Lopez Obrador have solidified Mexico’s manufacturing as a go-to plan for economic growth for the future.

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Everest Group

AUGUST 31, 2023

Life Sciences Smart Manufacturing Services In the past, the manufacturing industry primarily focused on designing standardized manufacturing procedures and managing labor and mechanical systems. Nevertheless, the life sciences industry has been slow in embracing technology to modernize its manufacturing setups.

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Ivemsa

NOVEMBER 28, 2022

When manufacturing in a foreign country, there is a lot of behind-the-scenes work necessary to help companies understand costs and logistics leading up to the official launch. and other foreign manufacturers. Site Selection – Analysis of facility location , available labor pool, and vendor sourcing. Shelter Operations.

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Ivemsa

OCTOBER 4, 2023

Nearshoring to Mexico has been a successful strategy for global manufacturers throughout the years. manufacturers, with more choosing nearshoring to Mexico instead. manufacturers are relying on Mexico shelter services to quickly get them set up for success. Though China has historically been the leader in trade with the U.S.,

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Ivemsa

JUNE 27, 2022

Manufacturing in Mexico has been a successful, cost-effective strategy for many U.S. firms over the decades, especially as a competitive alternative to manufacturing in China. However, Mexico manufacturing also creates opportunities for U.S. Mexico manufacturing supports the production demand in the U.S., Source: [link].

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Ivemsa

JULY 31, 2023

The benefits of manufacturing in Mexico have become common knowledge for most, though few may know about the specific importance of the IMMEX program. The IMMEX (formerly known as the maquiladora) program was established in the 1960s as a way to boost the manufacturing industry in Mexico. manufacturers. Regardless, U.S.

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Ivemsa

AUGUST 23, 2023

Manufacturing in Mexico has grown exponentially over the years, particularly in the automotive industry. manufacturers have been incentivized by USCMA trade provisions regarding original auto content, as well as legislation on microchip production. manufacturers are constantly looking for new ways to save on costs. However, U.S.

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Ivemsa

SEPTEMBER 5, 2023

manufacturers began operating in Mexico as part of its maquiladora program. manufacturers as leaders in semiconductor production worldwide. In coordination with Mexico, the goal is to reshore technology components from Asia and focus on new manufacturing and chip investment opportunities. manufacturers can consider.

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Ivemsa

DECEMBER 14, 2022

and other foreign manufacturers are considering Mexico as part of their strategy to expand production in the new year. As of November 2022, 87% of Mexico’s imports come from manufactured products. In turn, manufacturing in Mexico will help U.S. To get ahead in 2023 means Mexico manufacturing will play an even larger role in U.S.

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Ivemsa

FEBRUARY 21, 2023

Mexico manufacturing has been a core strategy for U.S. and other foreign manufacturers for decades. operators are considering nearshore manufacturing for the first time to save costs while meeting aggressive market demands. manufacturers as the industrial labor shortage continues. The additional time allows U.S.

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McKinsey and Company

JANUARY 31, 2023

Indirect operations functions make up a significant share of total operations—and optimizing them can deliver sizeable bottom-line impact.

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Perficient Digital Transformation

SEPTEMBER 30, 2022

As a leader in Salesforce solutions for the Manufacturing and Automotive industries , I want to share with you some key learnings from Dreamforce. For manufacturers and automotive clients, today’s challenges include supply chain disruptions, chip shortages, inflation, talent needs, and ESG regulations. Sustainability.

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Ivemsa

AUGUST 30, 2022

manufacturers, though trade war conflicts have caused many to set their sights on Mexico instead. manufacturers can serve their customer base faster and at a more cost-effective rate , especially compared to China. is available when manufacturing in Mexico which expedites timelines and decreases freight costs. It exempts U.S.

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Ivemsa

AUGUST 30, 2022

For decades, global manufacturers have invested in the program to grow their companies and product offerings at a cheaper, more efficient rate. is Mexico’s number one source of foreign direct investment with $100.9 For those manufacturing in Mexico for the first time, the most popular route is to work with a shelter provider.

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CGS Inc

MAY 25, 2023

Body Over the years, you have undoubtedly heard the stories chronicling large retailers’ decisions to invest in their manufacturing supply chains. Perhaps the most familiar are Walmart's historic commitments to buy products that support American jobs.

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Ivemsa

APRIL 20, 2022

There are numerous benefits of moving manufacturing to Mexico which have led to continuous economic growth and success for global companies across all industrial sectors. The IMMEX program is one of the biggest reasons foreign companies choose manufacturing in Mexico as part of their overall strategy. However, there are advantages U.S.

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Ivemsa

NOVEMBER 29, 2022

Pandemic restrictions and the Great Resignation have delayed and derailed supply chains and manufacturing operations. manufacturers setting their sights on Mexico, they are eager to operate closer to home while still maintaining a cost-effective business model. How Shelter Services Ease Manufacturing Challenges. With many U.S.

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Ivemsa

DECEMBER 15, 2022

Manufacturing in Mexico has ramped up over the past several years without any sign of slowing down. When manufacturing in Mexico , permits must first be approved, which can be a lengthy process. and other foreign manufacturers report their operational process, including the type of production and description of materials.

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Ivemsa

OCTOBER 25, 2022

Manufacturing in Mexico has been a significant global strategy for the past several decades. However, recent shifts in the economy have resulted in a spike in growth, particularly due to manufacturers moving their operations from China to Mexico. Sources: [link]. Instead, U.S. This level of security has been a challenge for U.S.

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Ivemsa

FEBRUARY 17, 2022

While the pandemic is what initially sparked a series of delays and stunted foreign operations, manufacturers are still reeling from residual challenges two years later. For many, that involves manufacturing in Mexico. manufacturers that choose to operate in Mexico. However, Mexico manufacturing is not a new strategy.

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SIG Speaks

APRIL 25, 2023

SIG University Certified Sourcing Professional (CSP) program graduate Andrew Beck shares the difficulties associated with change management in sourcing and how it can help improve inefficiencies. The sourcing lead ensured buy-in from the plant's critical stakeholders for the food service change by clearly communicating the industry.

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Ivemsa

SEPTEMBER 27, 2022

manufacturers have been outsourcing production to other countries where costs are less expensive and expedited requests can be met. China has been a central source of outsourcing, though nearshoring to Mexico has gained headway over the past few decades as a long-term strategy to help cut costs. For decades U.S. Proximity Convenience.

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Ivemsa

AUGUST 29, 2022

Recruiting for technically-savvy talent is one of the biggest undertakings manufacturers are facing today. million jobs will go unfulfilled by 2030 due to the manufacturing skills gap in the U.S., When the pandemic first began, there had been an uptick in available manufacturing jobs in the U.S. Sources: [link].

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Automation Anywhere

FEBRUARY 9, 2022

When it comes to automation, the manufacturing industry has been decades ahead of others. But manufacturers still are challenged with automating some of their more complex back-office processes such as communicating with suppliers, processing payments, and generating reports.

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