ivalua

JUNE 26, 2023

Blog » Procurement on the Thames: Ivalua’s London Summer Symposium June 26, 2023 | | Thought Leadership by Eloise Barnum As businesses navigate through supply chain disruptions, high inflation, and sustainability initiatives, procurement, and supplier management has taken center stage in driving change. See you soon!

Optimal Sourcing 244

Optimal Sourcing Manufacturing Procurement Procurement Sourcing Strategies 244

ivalua

AUGUST 21, 2022

Among these practices are supplier identification through sourcing, relationship management, and reporting. Strategies to Improve Sustainability in Procurement. 55% of our respondents cited collaboration with all stakeholders to set improvement goals as top strategy to improve sustainability.

Sourcing Strategies 240

Sourcing Strategies Optimal Sourcing Sustainability Supply Chain Strategy 240

Supply Chain Shaman

APRIL 16, 2024

Let’s start with definitions: Self Service Planning: Decision support technologies designed for business leaders to use analytic techniques on a collaborative platform to improve business planning. The translation of market signals from the customer’s customer to the supplier’s supplier with bi-directional flows.

Supply Chain Planning Software 219

Supply Chain Planning Software Supply Chain Design Software How To Inventory Reduction 219

Enterra Insights

AUGUST 29, 2023

2] With the world in a state of constant turmoil, supply chains risks abound. Whether it is a hurricane or factory fire, new trade regulation or an unexpected supplier bankruptcy, much of how products are made and moved happens outside of our control.”[2] Did we take on too much risk?'”[4]

Risk Management 130

Risk Management Waste Reduction Supply Chain Planning Software Cost Reduction Strategies 130

QAD

JUNE 27, 2023

Supplier development refers to the collaborative efforts aimed at enhancing the capabilities and competitiveness of crucial and strategic suppliers. The objective is to improve various aspects such as cost, quality, cycle times and technology for the mutual benefit of both the manufacturer and the supplier.

Cost Reduction Strategies 93

Cost Reduction Strategies Resource Reduction Price Reduction Material Savings 93

Resilinc

APRIL 13, 2021

You may be part of an organization whose leaders understand that supply chain risk management (SCRM) is a strategic imperative, and your SCRM may already be mature and delivering a return on investment. Assessing for more types of risks. 6) Supplier metrics, scorecards, and goals are presented at quarterly business reviews.

Supply Chain Design Software 62

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Supply Chain Strategy 62

SCMDOJO

MARCH 8, 2024

In the world of business, managing inventory efficiently can make all the difference between success and struggle. In this blog, we’ll explore some key inventory optimization strategies that can benefit businesses of all sizes and industries. Read more on Optimizing Inventory and Lead Time Management on our website SCMDOJO!

Inventory Reduction 79

Inventory Reduction Optimal Sourcing Resource Reduction Cost Reduction Strategies 79

Gravity Supply Chain

JANUARY 19, 2023

It involves the coordination and integration of various activities and processes to ensure the delivery of products and services from suppliers to customers in a timely and cost-effective manner. By understanding each component’s role in the overall process, companies can better identify potential areas for improvement.

Sourcing Strategies 52

Sourcing Strategies Supply Chain Planning Software Supply Chain Software Purchasing Skills 52

Enterra Insights

OCTOBER 26, 2023

Jeremy Kay , Managing Director and Partner at the Boston Consulting Group, insists many organizations “struggle to get a handle on how resilient they need to be.” He explains, “We advise clients to focus on investments that will give the best resilience returns, given their risk profile. ” What does Kay advise?

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Gartner 130

Precoro

DECEMBER 11, 2023

Strategic sourcing is a holistic approach to supply chain management that includes tactics for optimizing the total cost of ownership, improving supplier relationships, and ensuring long-term value creation. To enhance their competitive edge, companies across industries are adopting a key tactic: strategic sourcing.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

Resilinc

JUNE 11, 2023

Do you ever get confused when people use the terms supply chain risk management (SCRM) and supply chain resilience? In this blog, we’ll look at the distinctions between SCRM and supply chain resilience—and discover what those differences mean for your company’s supply chain management.

Supply Chain Risk Management 99

Supply Chain Risk Management Risk Management Supply Chain Planning Software Supply Chain Design Software 99

QAD

OCTOBER 18, 2022

The COVID-19 pandemic, the 2021 Suez Canal obstruction, natural disasters, wars, scarcity of semiconductors, the energy crisis in Europe…are all examples showcasing the need to better manage and monitor your supplier base. For example, Hyundai recently found a supplier utilizing child labor in the state of Alabama.

Gartner 98

Gartner Optimal Sourcing Alabama Metrics 98

Resilinc

MARCH 30, 2021

This is Part 2 of our four-part blog series based on Resilinc’s Ultimate Guide to Supply Chain Resiliency. If your company has a mature and well-function SCRM program, then these blogs can help you validate what you’re already doing and provide ideas for fine-tuning your program. Perception that suppliers won’t collaborate.

Supply Chain Planning Software 62

Supply Chain Planning Software Scenario Planning Supply Chain Planning Material Savings 62

SYSPRO Smarter ERP

MARCH 27, 2023

Instead of the old vertically integrated business models (where one manufacturer performed most activities), international supply chains using specialized suppliers led to lower costs of production and services, improved quality, and better pricing. So relying on imports and foreign suppliers is seen to be risky.

Manufacturing Procurement 104

Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software Modeling 104

QAD

JANUARY 11, 2024

Your suppliers are the pit crew, the specialists priming a fine-tuned machine and making sure you have the right tires and fuel to compete against the best. The demands and expectations placed upon you are reflections of what your customers expect from their suppliers. They will move their business elsewhere in a heartbeat!

Supply Chain Planning Software 95

Supply Chain Planning Software Predictive Analytics Software Demand Planning Software Price Reduction 95

SCMDOJO

MARCH 19, 2024

A streamlined supply chain can make a significant impact on the overall success of a business, improving operational efficiency, increasing customer satisfaction, and driving revenue growth. By optimizing the supply chain, businesses can minimize costs, reduce lead times, and improve customer service.

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

Taulia

JULY 24, 2023

Managing complex supply chains is simply more difficult, and risks like unexpected delays or challenges meeting sudden surges in demand are important to overcome. Accordingly, streamlining the supply chain management process and increasing supply chain visibility have become critical steps in achieving supply chain efficiency.

Supply Chain Design Software 88

Supply Chain Design Software Supply Chain Software Optimization Software Forecasting Software 88

QAD

APRIL 18, 2023

This release is packed with new features and improvements that will help our customers streamline their quality management processes and drive better business outcomes. We’re excited to bring these improvements to our customers and look forward to supporting them as they continue to achieve their quality management goals.”

Supply Chain Design Software 92

Supply Chain Design Software Supply Chain Planning Software KPI Quality 92

Kodiak Hub

AUGUST 4, 2023

A successful venture requires strong relationships with all its stakeholders, especially its suppliers. One tool that stands out for managing these relationships effectively is Supplier Relationship Management (SRM) Tools. Why Should You Adopt Supplier Relationship Management Tools?

Supply Chain Design Software 52

Supply Chain Design Software Supply Chain Software Optimization Software Predictive Analytics Software 52

Resilinc

DECEMBER 5, 2023

Yet, numerous global supply chains today still struggle with mapping their global suppliers. While the benefits of using CDMOs are multifold, the scenarios also create deeper, more complex supplier networks with worse supplier visibility and greater difficulty in predicting and preventing supply chain disruptions.

Supply Chain Risk Management 75

Supply Chain Risk Management Risk Management Modeling Agile and Lean Supply Chain 75

QAD

JANUARY 25, 2024

However, the advantages of globalization come with challenges, and one of the key elements that can make or break the import management process is shipment visibility. When all parties have access to accurate and up-to-date data regarding inbound shipments, it minimizes the risk of miscommunication and errors.

Real-time Visibility 89

Real-time Visibility Optimal Sourcing Supply Chain Planning Software Supply Chain Software 89

QAD

NOVEMBER 8, 2022

The pandemic tested the supply chain across all industries, so how can medical device supply chain leaders implement strategies and plan for potential risks in the post pandemic “new normal”? Expanding supplier relationships. Designing and implementing updated risk mitigation strategies. Expanding Supplier Relationships.

Optimal Sourcing 95

Optimal Sourcing Supply Chain Optimization Sourcing Strategies Price Mitigation Strategies 95

Resilinc

APRIL 23, 2024

Embracing ESG principles isn’t merely a matter of compliance or reputation management; it’s a strategic imperative for companies seeking long-term resilience and anti-fragility. In this blog, we look at pivotal ESG legislation set to shape supply chains in 2024.

Chemicals 78

Chemicals Sustainability Report Supply Chain 78

SYSPRO Smarter ERP

MARCH 2, 2022

To deal with the new challenges in managing and planning the supply chain , the procurement department is one of the functions that should look at changing. It is no longer sufficient for procurement to focus just on supplier costs, placing orders and ensuring goods are received. The situation changes with a larger number of suppliers.

Optimal Sourcing 116

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Supply Chain Software 116

QAD

AUGUST 16, 2022

As the supply chain breaks, manufacturers must find new suppliers and new transport routes and find them rapidly, so that production doesn’t come to a halt. How to Effectively Manage Fragmented Supply Chains. Integrated and automated supplier relationship management delivers answers for fragmented supply chains.

Optimal Sourcing 92

Optimal Sourcing Supply Chain Software Manufacturing Procurement Supply Chain Design Software 92

QAD

FEBRUARY 7, 2023

Supplier relationship management falls under the larger supply chain management function your business requires to operate. Not to be confused with supplier risk management, supplier relationship management refers more to effectively managing supplier relationships to achieve better business outcomes.

Price Reduction 97

Price Reduction Material Savings Vendor Strategies Inventory Reduction 97

ModusLink Corporation

FEBRUARY 9, 2022

Inventory Management has always played a key part in any successful Supply Chain. Correctly managing inventory levels helps companies to swiftly adapt to unpredictable changes within the marketplace. Correctly managing inventory levels requires a responsive Supply Chain, but what exactly does that mean? Inventory Management.

Inventory Management Software 78

Inventory Management Software Inventory Management Inventory Reduction Supply Chain Planning Software 78

ThroughPut

APRIL 11, 2024

Customers will now be able to see inventory projections in the near, short, and long term, enabling them to expose risks, highlight recommended actions early, and evaluate the overall state of their inventory PALO ALTO, CA, April 10, 2024 /PRNewswire/ — ThroughPut Inc. ,

Modeling 52

Modeling Supply Chain Planning Software Inventory Predictive Analytics Software 52

ThroughPut

APRIL 11, 2024

Customers will now be able to see inventory projections in the near, short, and long term, enabling them to expose risks, highlight recommended actions early, and evaluate the overall state of their inventory PALO ALTO, CA, April 10, 2024 /PRNewswire/ — ThroughPut Inc. ,

Modeling 52

Modeling Supply Chain Planning Software Inventory Predictive Analytics Software 52

QAD

MARCH 11, 2024

In food manufacturing and the food supply chain, AI technologies are revolutionizing operations, enhancing efficiency, improving quality control and ensuring food safety. Improved Quality Control and Food Safety Maintaining high standards of quality control and food safety is paramount in the food industry.

Food 76

Food Waste Reduction Supply Chain Planning Software Supply Chain Software 76

NC State SCRC

SEPTEMBER 12, 2023

Financial performance is an enterprise risk owned by the CFO, and Procurement’s strategic vision is focused on value delivery and risk management, which can havesignificant impact to our financials if not managed appropriately.” Jodie also noted the importance of managing cyber-risk.

Optimal Sourcing 92

Optimal Sourcing Procurement North Carolina Sourcing Strategies 92

QAD

JUNE 8, 2023

Build Financial Resilience In a recent Solution Review article , QAD Head of Sustainability and Digital Manufacturing Michael Ochi answers that question in an executive-level guide to ESG, and explains how the right approach can improve your business. appeared first on QAD Blog. The post Is ESG Really Worth the Trouble?

Waste Reduction 86

Waste Reduction Material Savings Resource Reduction Price Reduction 86

Taulia

AUGUST 29, 2023

Accordingly, by increasing supply chain efficiency, businesses can improve their ability to meet customer expectations, build resilience against supply chain risks, and enhance their working capital position. Successful supply chain management (SCM) is one of the most effective ways to increase supply chain efficiency.

Supply Chain Planning Software 52

Supply Chain Planning Software Material Savings Optimal Sourcing Sourcing Strategies 52

Adexa

JULY 17, 2023

Why supply chain digital transformation is essential Companies improve their efficiency and agility to be more competitive. In the past it would take us hours to produce a blog. Improved visibility and transparency: Digital transformation enables real-time visibility across the entire supply chain network.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Software Optimal Sourcing Agile and Lean Supply Chain 98

HICX Solutions

FEBRUARY 15, 2024

This has led to organizations investing capital in and spending time on optimizing supply chains to cut lead times, improve supplier performance and increase business profitability. While increasingly companies are turning their attention towards and using AI, arguably it has yet to be used to its full potential.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Optimal Sourcing 52

SCMDOJO

OCTOBER 27, 2023

Supplier negotiation is the most critical skill in the world of procurement. Effective supplier negotiations do not limit to the best price but a mutually beneficial agreement from both the parties that can have a profound impact on the company. These risks may include supply chain disruptions and quality issues.

Negotiate Pricing 88

Negotiate Pricing Negotiating Skills Pricing Training Purchasing Training 88

SYSPRO Smarter ERP

JUNE 6, 2022

In today’s business world, the success of a firm depends not only on its sales but also on the ability to manage its supply network and ensure it has the inventory it needs to deliver customer orders. There are ways to manage a supply chain amid disruptions but they require changes in the way the business works.

Inventory Reduction 119

Inventory Reduction Optimal Sourcing Inventory Modeling 119