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Sourcing and Procurement: One but Not the Same

Precoro

This month, we continue our Procurement Basics series and would like to introduce our readers to yet another set of often misused business terminology. As both sourcing and procurement are related to obtaining supplies for the organization, confusing these two terms is easy. Procurement. What Is Procurement Process?

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Seven Mistakes You Wish Your CFO Had Not Made You Make

Supply Chain Shaman

Companies that viewed the pandemic as another risk management event will struggle the most with Q1 and Q2 earnings reports. Focus on Cost. The Chief Financial Officer gained more presence with procurement and IT reporting to finance. A Zealous Focus on Cost. A Decline in Innovation. Less Collaborative.

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Seven Mistakes You Wish Your CFO Had Not Made You Make

Supply Chain Shaman

Companies that viewed the pandemic as another risk management event will struggle the most with Q1 and Q2 earnings reports. Focus on Cost. The Chief Financial Officer gained more presence with procurement and IT reporting to finance. A Zealous Focus on Cost. A Decline in Innovation. Less Collaborative.

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ESG in the 2020s: Visibility Key to Achieving Sustainability

HICX Solutions

Meanwhile, according to a recent Deloitte study , 45% of Gen Z consumers stopped purchasing certain brands because of ethical or sustainability concerns. Next, a process was introduced whereby all procurement teams could load their data into the product on a monthly basis and report on their activities.

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Infor’s Acquistion of GT Nexus: If I Had a Magic Wand

Supply Chain Shaman

On August 13th, Infor announced the intent to purchase GT Nexus for 675M$. Based on reporting from the Wall Street Journal, the company hired Morgan Stanley to shop the company and package it for sale in 2014 with an expected evaluation of 800M$. The largest was the purchase of Lawson in 2011 for 2B$. 2) Advanced Analytics.

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Taming the Supply Chain. Will It Ever Be Social?

Supply Chain Shaman

The idea of marketing talking cross-functionally to supply chain, quality, and customer service teams to discuss even customer quality feedback weekly is in itself a new concept. ” The social signals for both companies were in the twitter feeds for months before they picked up product quality problems. Absolutely!

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The worst Supply Chain practices must be confessed and not only by constraint

KEPLER Consulting

1/ Managing the quality of information. Non-updated product sheets in ERP (purchase price, MOQ, Incoterm,…) resulting in non-compliant supplier orders . One of the most common bottlenecks in supply chain management and burdensome processes (purchasing, procurement, preparation, etc.) 3/ Workflow Management.