Supply Chain Shaman

NOVEMBER 15, 2023

PWC’s Digital Trends in Supply Chain Survey reports that 83% of manufacturers say that supply chain technologies have not delivered the expected results. The trend is clear. When he speaks of the supply chain, he means procurement. Buying strategies need to be defined, and the interface needs to be bi-directional.

Supply Chain Planning Software 415

Supply Chain Planning Software Optimal Sourcing Modeling Forecasting Software 415

Supply Chain Game Changer

MARCH 6, 2019

7 KPIs Your Procurement Team May Be Ignoring! But, when my mom was buying a new vehicle, she didn’t decide to scrap the vehicle from 1993 and purchase one from 1995. Procurement is a business function that has undergone a lot of change in the last few years. Subscribe Here! Email Address. She chose the hybrid route.

Manufacturing Procurement 50

Manufacturing Procurement Optimal Sourcing Procurement Solutions Procurement Analytics 50

QAD

FEBRUARY 29, 2024

In the dynamic world of manufacturing, the quest for operational excellence is unending. This platform is a testament to QAD’s commitment to operational excellence, offering a holistic approach that focuses on optimizing people, processes and systems.

Supply Chain Design Software 85

Supply Chain Design Software Manufacturing Procurement Supply Chain Planning Software Procurement Solutions 85

HICX Solutions

JANUARY 13, 2023

In this episode of Supplier Experience Live Podcast from HICX, we welcomed Canda Rozier , a Procurement Evangelist and Consultant. She also often contributes to sourcing industry publications, speaks at procurement conferences and events globally and is winner of the 2019 Sourcing Star Award of the SIG Future of Sourcing Award.

Procurement Solutions 52

Procurement Solutions Optimal Sourcing Procurement Supply Chain Software 52

SupplyShift

NOVEMBER 12, 2021

In the wake of the COVID-19 pandemic and mass shortages of basic goods like toilet paper, the world is realizing the pivotal role that procurement plays in the everyday running of businesses and global commerce. Here are some steps to simplify sustainability and set procurement teams up for success: Align Leadership and Sustainability Teams.

Procurement Solutions 52

Procurement Solutions Manufacturing Procurement Optimal Sourcing Sustainability 52

Supply Chain Game Changer

JANUARY 21, 2021

Featuring Our 12 Best Procurement Articles! Procurement drowning in data article and permission to publish here provided by Sam Jenks at kodiakrating.com. Meanwhile, 60% of procurement teams have no tools or rely primarily on improvised systems for Supplier Management. Is Procurement drowning in data? Subscribe Here!

Optimal Sourcing 85

Optimal Sourcing Procurement Data Supply Chain Planning Software 85

Supply Chain Shaman

SEPTEMBER 27, 2021

The problem with supplier visibility is bookended into procurement processes that have gone back, not forward over the last decade. Procurement processes–encumbered by a focus on paperless processing, RFPs/RFQs, and efficient procurement–do not embrace the capabilities and requirements of direct material sourcing.

Supply Chain Planning Software 369

Supply Chain Planning Software Sourcing Strategies Manufacturing Procurement Supply Chain Design Software 369

Supply Chain Shaman

MAY 26, 2023

Primed for transactional efficiency, these legacy architectures based on relational databases drive order-to-cash and procure-to-pay efficiencies. Like Linus clinging to his blanket, supply chain teams make most of their decisions on Excel spreadsheets. I term this our data jail. So what does this all matter? What is the business case?

Optimal Sourcing 364

Optimal Sourcing Modeling Supply and Demand Manufacturing Procurement 364

Synovos

FEBRUARY 21, 2023

Improve Operational Efficiency and Eliminate Internal Complexity Through Digital Procurement From better spend visibility to reduced order times and more, can your organization afford to miss out on the benefits of digital procurement? “Any good procurement team needs access to reliable data.”

Optimal Sourcing 52

Optimal Sourcing Sourcing Strategies Procurement Analytics Cost Reduction Strategies 52

Supply Chain Shaman

SEPTEMBER 22, 2021

As Allyson presented her story of working for multiple consumer products companies, with very advanced technologies (demand sensing, advanced automation of forecasting, data lakes and descriptive analytics), she spoke of why at the end of the day, the most important technology that she uses is Excel. The question is, “Why?

Optimal Sourcing 221

Optimal Sourcing Analytics Software Procurement Analytics Supply Chain Planning Software 221

SupplyShift

NOVEMBER 12, 2021

In the wake of the COVID-19 pandemic and mass shortages of basic goods like toilet paper, the world is realizing the pivotal role that procurement plays in the everyday running of businesses and global commerce. First and foremost, you must align leadership with current sustainable procurement needs.

Procurement Solutions 40

Procurement Solutions Manufacturing Procurement Optimal Sourcing Sustainability 40

ivalua

APRIL 7, 2022

Leader Forrester CLM for Buy-Side Contract Suites, Q4 2021. Ivalua remains the only vendor recognized as a leader in every current Procurement report spanning S2P by Gartner and Forrester. Ivalua remains the only vendor recognized as a leader in every current Procurement report spanning S2P by Gartner and Forrester.

Procurement Solutions 130

Procurement Solutions Vendor Strategies Procurement Analytics Sourcing Strategies 130

ivalua

JUNE 29, 2020

Taking a step back, if we look at the bigger trends taking place in this industry, there are a few of note that may ultimately be a driving factor for improvements within healthcare supply chains: Healthcare spend is highest in the world: The US spends significantly more than most of the world on healthcare per capita. Share on Twitter.

Supply Chain Planning Software 219

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Optimal Sourcing 219

Precoro

MARCH 11, 2024

Yet there’s a proactive approach that addresses the high cost of healthcare: value-based purchasing (VBP). In the past 15 or so years, the US, which is known for its complicated and expensive healthcare system, has taken some steps towards value-based purchasing.

Procurement Analytics 105

Procurement Analytics Procurement Solutions Purchasing Training Purchasing Skills 105

SCMDOJO

MARCH 19, 2024

While Its primary purpose is to manage the entire process, from procurement to delivery, efficiently and cost-effectively, it also coordinates with production to automate processes and planning, etc. Watch What is Marketing Procurement? on our SCMDOJO YouTube Channel! Why do you need a structured Supply Chain Department?

Optimal Sourcing 77

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 77

SYSPRO Smarter ERP

MARCH 15, 2023

Manufactures are continuously faced with the challenge of forecasting how much (raw material) to purchase and how much (finished goods) to produce. Even though business data availability has increased, customer purchase patterns has also become more complex, and therefore harder to predict with accuracy.

Forecasting 105

Forecasting Forecasting Software Demand Planning Software Modeling 105

SCMDOJO

OCTOBER 27, 2023

Supplier negotiation is the most critical skill in the world of procurement. It requires an in-depth knowledge of procurement processes to be able to bring the supplier on a mutual agreement. The following are common types of negotiation in procurement: 1. The aim is often to secure volume discounts or advantageous terms.

Negotiate Pricing 91

Negotiate Pricing Negotiating Skills Pricing Training Purchasing Training 91

Talking Logistics

JUNE 30, 2015

In the last decade, many companies, especially those with manufacturing operations, have evolved direct materials sourcing from an administrative function to a strategic procurement process. As a strategic process, transportation procurement may still seem very tedious and challenging.

Negotiating Skills 100

Negotiating Skills Manufacturing Procurement Material Savings Procurement 100

SCMDOJO

DECEMBER 11, 2023

In the realm of efficient procurement management, understanding the various types of procurement reports becomes paramount. These reports serve as navigational tools, offering insights into different facets of the procurement process.

Procurement Analytics 16

Procurement Analytics Optimal Sourcing Procurement Solutions Material Savings 16

IQMS

JANUARY 21, 2021

Bottom Line : In 2021 and beyond, customers are voting with their dollars for the manufacturers who excel at sustainable manufacturing and make a positive contribution to the environment, dominating B2B supply chains and B2C purchasing decisions. of all North American manufacturers have a sustainability policy in place, and 8.3%

Manufacturing Procurement 134

Manufacturing Procurement Expense Reduction Cost Reduction Strategies Sustainability 134

The Logistics & Supply Chain Management Society

OCTOBER 14, 2021

In other words, halal requires an organisation of the supply chain instead of just the factory: from source all the way up to point of consumer purchase. The brand owner has its plant halal certified and is buying its ingredients from suppliers with the right halal certificates. distributor, retailer) and suppliers (e.g.:

Pharmaceutical 237

Pharmaceutical Buyer Training Supply Chain Software Supply Chain Strategy 237

The Logistics & Supply Chain Management Society

JULY 16, 2023

This trend is also better known as the evolution of halal or when applied to an organisation: the corporate halal maturity. The answers to these Muslim consumer needs and wants are in the alignment of the corporate halal maturity with these halal market trends and embracing more advanced halal standards by brand owners.

Risk Management 130

Risk Management Supply Chain Design Software Supply Chain Planning Software Pharmaceutical 130

Supply Chain Game Changer

AUGUST 5, 2021

In 2021, procurement organizations will require inspirational, innovative, and pragmatic leaders to ensure procurement excellence. Ounces | Sustainable Procurement Initiatives. Supplier management should always be anchored in broader sustainability & responsible procurement initiatives.

Supplier Management 98

Supplier Management Optimal Sourcing Sourcing Strategies Vendor Strategies 98

SYSPRO Smarter ERP

AUGUST 2, 2023

From stringent quality standards to comprehensive documentation requirements, Class 1 and 2 manufacturers must navigate a complex landscape to ensure compliance and product excellence. ERP analytics also facilitate the management of the purchasing process through the requisition approval workflow, streamlining procurement activities.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Analytics Analytics Software Optimal Sourcing 98

Logistics Viewpoints

DECEMBER 14, 2021

Millions of shoppers, like my Dad, are not going back to their old habits because there are now faster and more convenient ways for buying daily household needs. It excels on a union of E-Commerce mobile apps and last-mile delivery innovations. It also provides an excellent part-time employment opportunity with flexible shifts.

Supply Chain Planning Software 194

Supply Chain Planning Software Forecasting Software Supply Chain Design Software Optimization Software 194

The Logistics & Supply Chain Management Society

APRIL 19, 2023

Through trade, countries are able to buy agri-food produce from other parts of the world that are not able to grow efficiently on their own land (or region) or are not in season. He is the author of ‘Halal business management: a guide to achieving halal excellence’. MORE FROM THIS EDITION h6 Are Our Agri-Food Supply Chains In Crisis?

Waste Reduction 130

Waste Reduction Food Resource Reduction Price Reduction 130

Precoro

OCTOBER 6, 2022

With the global market expansion and deepening supply chain complexity, the roles of procurement leaders have evolved from tactical to strategic. Nowadays, procurement departments not only focus on the day-to-day buying operations but also search for the most efficient ways to go about them. From whom are we buying?

Manufacturing Procurement 98

Manufacturing Procurement Procurement Solutions Procurement Analytics Pricing Training 98

Precoro

JUNE 6, 2022

Suppliers can provide raw materials for manufacturing products or act as an intermediary between the manufacturer and the buying company. Retail shops are vendors for each individual customer buying sneakers. Suppliers are your go-to for finding raw materials if you are procuring supplies for production. Blurred lines.

Manufacturing Procurement 98

Manufacturing Procurement Purchasing Skills How To Procurement Solutions 98

SCMDOJO

NOVEMBER 9, 2023

Understanding the most valuable inventory control techniques, along with utilizing inventory control template Excel, is essential if you want to ensure effective inventory management. This is achieved by helping business owners determine the right time to restock their items or purchase materials for production.

Inventory Reduction 81

Inventory Reduction Expense Reduction Cost Reduction Strategies Optimal Sourcing 81

Precoro

JULY 9, 2023

According to research by Ardent Partners in 2023, over two-thirds of invoices are linked to a purchase order, indicating that about one-third of invoices are not. While it may be tempting to assume that skipping purchase order creation speeds up the procurement process, the study emphasizes the disadvantages of such an approach.

Procurement Solutions 98

Procurement Solutions Procurement Analytics Purchasing Skills Eliminating Excel in Purchasing 98

HICX Solutions

AUGUST 11, 2021

SXM Webinar Series with Art of Procurement. In the first of a three-part Art of Procurement Live Webinar Series ‘Putting the Supplier Experience at the Forefront of Strategic Procurement’ in partnership with HICX, we focus on how to make the business case for Supplier Experience Management (SXM). .

Procurement Analytics 52

Procurement Analytics Optimal Sourcing Procurement Solutions Charlotte 52

AFFLINK

MARCH 6, 2017

In the foodservice industry, there are few better examples of great procurement management than McDonald's. Excellent procurement is part of the reason that McDonald's has been able to grow from a small family barbecue restaurant into a global conglomerate with more than 35,000 restaurants in over 110 different countries.

Optimal Sourcing 48

Optimal Sourcing Procurement Purchasing Skills Forecasting 48

The Logistics & Supply Chain Management Society

SEPTEMBER 21, 2022

Parallelly, expectations around the overall purchasing experience have also grown steeper. Such robust trends point to a major opportunity for businesses to differentiate themselves: at the last-mile delivery stage. In the case of manufacturers, it means procuring raw materials that are responsibly sourced from the environment.

Logistics Network Optimization Software 130

Logistics Network Optimization Software Supply Chain Planning Software Optimal Sourcing Optimization Software 130

Unleashed

OCTOBER 16, 2023

Raw material inventory management oversees the procurement, handling, and storage of raw materials. It encompasses the processes involved in purchasing, tracking, consuming, and relocating raw materials. Reliance on a few suppliers How you procure and manage your suppliers will impact how they perform.

Inventory Management Software 52

Inventory Management Software Material Savings Inventory Management Inventory Reduction 52

Precoro

MAY 6, 2024

Invoice tracking is crucial for purchasing companies that want to stay on top of payments and avoid paying penalty fees. This involves storing invoices, purchase orders, receipts, and other relevant documents in an organized manner for easy retrieval and reference. Plus, it enables buyers to capitalize on early payment discounts.

Procurement Solutions 105

Procurement Solutions Forecasting Software Optimization Software Procurement Analytics 105

Talking Logistics

NOVEMBER 10, 2014

I also shared with them my view that companies will ultimately find opportunities for supply chain innovation at the intersection of Software, B2B Connectivity, and Social Networking — a trend best illustrated by the rise of Supply Chain Operating Networks (SCONs). How are companies using SCONs in the real world?

Optimal Sourcing 170

Optimal Sourcing Supply Chain Planning Software Supply Chain Network Software Optimization Software 170

Jaggaer

MARCH 30, 2020

To better understand the impact of big data analytics on procurement, we turned to industry veteran Walter Charles, CPO at Allergan, who sees big data as a major disruptor. How Big Data Analysis Plays into Procurement. Big data comes amid a slew of buzzwords that promise “i ndustry disruption ” and “procurement revolution.”

Big Data 99

Big Data Analytics Software Optimal Sourcing Sourcing Strategies 99