Remove 2010 Remove Procurement Remove Procurement Analytics Remove Sourcing
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The Cost of Supply Chain Sustainability Legislation?

QAD

The first World Sustainable Procurement Day was held this year on March 21. With the increasing focus on sustainability, I guess we should not be surprised that sustainable procurement now has its own day on the calendar. It’s often been reported that consumers have been the primary factor in pushing for change in this area.

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AI This. Not So Fast.

Supply Chain Shaman

I write for this blog, craft reports from research for our newsletters, create blogs for Linkedin, and build articles for Forbes. Orbit Chart of TJX Versus Peer Group for the Period of 2010-2019. Orbit Chart for Ecolab at the Intersection of Inventory Turns and Operating Margin Versus the Chemical Industry for the Period of 2010-2019.

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Ethics in Procurement – Simple, but Not Always Easy

Logistics Bureau

If you have not yet tackled the question of ethics in procurement, now is a great time to start. It does not matter whether you are a procurement professional, internal customer, external customer, senior executive, or supplier. Procurement is what sets entire supply chains and their organisations in motion.

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2020 Requires Big Wings and Feet

Supply Chain Shaman

The budget is for a fiscal year with quarter reporting and updates. The direct connection between the two processes increases costs and increases error. Instead, it should be mapped as an input to track supply chain forecasting to financial budgets for reporting and insights. Time horizon. Bias and error.

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Parts Are Not Parts

Supply Chain Shaman

A slight change within a function–in sourcing or manufacturing, or along the chain–can greatly impact the outcomes of cost, customer service, or working capital. Let’s take a closer look at sourcing. PFEP optimizes the policies that define how to procure each part. Cross Site Analytics.

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Who is Your Best Supplier?

Supply Chain Game Changer

Some procurement professionals can quickly identify their key, or champion, supplier partners. Listed as a top key finding in a 2020 WBR Insights report it was found that, “The top concern for procurement professionals is making buying decisions without the necessary insight” (WBR Insights 2020). Who are our best suppliers?

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Managing Supply Chain SLAs Through Blockchain: Is Blockchain the New Incoterm?

GlobalTranz

Since only 11 Incoterms exist in the Incoterms 2010 ruleset, some companies, as well as purchasers and consumers, may need to know additional information about a product. Therefore, having an indisputable source of information, such as blockchain technology, may be used to develop consistency and clarity in managing supply chain SLAs.