AI is going to change procurement. The harder question for many middle-market companies is where it will actually work better than another increasingly attractive alternative: lower-cost, highly capable sourcing support in places like the Philippines. Artificial Intelligence versus Asian Intelligence The comparison is particularly relevant for tactical purchasing work. Buyers spend a surprising Read Insight
Industry Dive International suppliers can create major advantages for manufacturers. Lower costs, specialized capabilities, expanded capacity, and access to global markets all make international sourcing an important part of many supply chains. But strong supplier relationships do not mean staying passive. Some of the biggest sourcing improvements happen when companies are willing to challenge Read Insight
Industry Dive | What Buyers Ask vs. What They Mean Here's what sourcing and procurement leaders should understand before leaving savings, leverage, and supplier value on the table. Before hiring Forsyth, you're probably asking these questions. You should be. Every company we work with starts in the same place, trying to figure out: Is Read Insight
Nobody says, “we do not want more EBITDA.” Most product companies do not have a supply chain savings problem but an excuse problem. This is why obvious sourcing opportunities stay untouched for years, this is usually why. Stage 1: “It’s already been done.” This is the first line of defense. We already sourced it. Read Insight
As the first quarter of 2024 draws to an end, many of us might be evaluating our New Years Resolutions to increase activity, eat better, or maybe the focus is on our professional lives. It’s also a good time to re-evaluate your supply chain with those same intentions in mind. Against protestations from a Read Insight
Stock Keeping Unit (SKU) management levels are driven by two metrics: Volume and Volatility, which focuses on a team's ability to provide perfect orders management. Our team of Supply Chain Consultants at Forsyth Advisors presents how historical data can help set, and manage, inventory levels. Using historical data and supply chain map, a supply Read Insight
A hidden effect in inventory costs is the Cost of Quality (CoQ). The CoQ reflects the amount of money spent managing malfunctioning product, damaged goods or stock out due to inconsistent supply An example: If you're shipping 1,000 items on a container that you sell on the market for $5 each The container costs $4,000 to ship Read Insight
A supply chain is not just from a supplier to your warehouse, but rather from a Purchase Order through to Supplier, Delivery of product to a customer and receipt of payment and, hopefully, feedback on the product. Here are a few things to watch for as indications that you supply chain needs a review Read Insight
For those private equity supply chain managers working in Direct to Consumer (DTC) yourselves, knee deep in FBA (Fulfilled by Amazon) or any intellectually curious supply chain professional (or executive)...basically, anyone...The team of strategic sourcing consultants at Forsyth Advisors wanted to introduce a possibly rewarding, educational resource that might fit with a company's Team Read Insight
In recent years, sustainability has become front and center for both consumer product brands and their consumers to reduce the impact on the environment and effect of climate change. Sustainability initiatives come in all shapes and sizes, including responsible product packaging, optimizing transportation and logistics routes, and efficient returns management programs. A big part Read Insight
