Elementum

FEBRUARY 7, 2024

Business Process Automation AI: Revolutionizing Efficiency in the Digital Age Artificial Intelligence (AI) is dramatically transforming Business Process Automation (BPA), ushering in a new era of operational efficiency and innovation. Common performance metrics include process completion rate and the number of automated tasks.

Sourcing Strategies 78

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Proxima

JANUARY 18, 2021

Procurement professionals will be central to driving the organizational change needed to succeed. After playing a key role in getting businesses back on the front foot last year, business leaders will increasingly turn to procurement to drive adaptation and deliver a competitive advantage in 2021. The shifting role of procurement.

Optimal Sourcing 52

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Precoro

MARCH 30, 2022

Strategic Procurement Helps a Business Unleash its Potential. As The Hackett Group discovered, approaching procurement strategically with specific business goals in mind helps achieve a significantly higher ROI. Operational efficiency and cost reduction are among the top procurement priorities for CPOs, according to Deloitte.

Vendor Strategies 52

Vendor Strategies Sourcing Strategies Cost Reduction Strategies Price Reduction 52

Supply Chain Shaman

DECEMBER 13, 2021

Laggards mosey down a path of vague terms and goals without questioning the need to reskill to drive process innovation. How do we design work systems to align organizations and ensure that there is the right balance of reward systems with metrics? To drive change, the focus needs to be on process innovation.

Sourcing Strategies 195

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ivalua

AUGUST 16, 2021

This reliance can increase supplier risk or uncover a large source of value and supplier innovation for organizations. . In order that sourcing and procurement teams fully optimize their supplier network, there needs to be a change in the way organizations view all suppliers. Ensure compliance with business and regulatory requirements.

Optimal Sourcing 130

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Kinaxis

SEPTEMBER 23, 2015

Economists seem divided about whether existing metrics are sophisticated enough to properly measure the link between technology and job loss. It’s true that more transactional Supply Chain related roles (such as Procurement Clerks and Warehouse personnel) are under threat of automation. workers’ jobs, will be threatened by automation.

Supply Chain Software 100

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SCMDOJO

APRIL 11, 2023

It covers the basics of procurement, including procurement strategies, contract management, and supplier selection. You’ll also learn about supply chain management and the various stages of the procurement process. Pros: It forms part of the CIPS Level 2 Certificate in Procurement and Supply Operations qualification.

Supply Chain Design Software 114

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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

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ivalua

JUNE 2, 2016

Niul Burton wrote a great article in Industry Week titled “Procurement 2025: 10 Challenges that Will Transform Global Sourcing”. For those of you who are executives in Supply Chain, Procurement or New Product Introduction/Development, this is a must read. We are not your father’s traditional Procure-to-Pay solution.

Manufacturing Procurement 100

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GlobalTranz

SEPTEMBER 23, 2021

The forthcoming infrastructure bill may contain funds to help assist shipper needs, such as grants to increase the number of driver training facilities and kickbacks to carriers that implement added safety measures. A Possible Stimulus on the Horizon May Increase the Challenge of Procurement Through Peak Season. As highlighted by?

Prescriptive Analytics Software 308

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OptiProERP

APRIL 9, 2024

Collaboration between production, procurement, and logistics teams is essential to optimize resource utilization and minimize lead times. Document processes and provide training to employees to ensure compliance and proficiency. Production Planning Upon receiving an order, production planning kicks in.

Optimal Sourcing 52

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Elementum

FEBRUARY 7, 2024

Digital Process Optimization: Streamlining Business for Efficiency In the race to streamline operations and elevate efficiency, Digital Process Optimization (DPO) emerges as a critical strategy for businesses looking to innovate and scale. For instance, McKinsey & Co.

Optimal Sourcing 78

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Claritum

NOVEMBER 28, 2016

Claritum Article - Procurement Blog. We’ve read through some of the best analyst reports and surveys to bring you this procurement fact file containing some of the most interesting findings, statistics and quotes. Click here to download a printable pdf version of the procurement fact file. Procurement.

Optimal Sourcing 50

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ThroughPut

APRIL 30, 2024

It helps address disruptions and promotes innovation. Together these capabilities facilitate better demand forecasting and planning, inventory management, procurement, and logistics, and augments visibility across the supply chain – far better than any technology or human has managed to do till date.

Supply Chain Planning Software 52

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ivalua

JANUARY 12, 2023

As public procurement teams face increasing pressure to improve efficiency while upholding compliance and transparency, it’s essential that they have the right strategies in place. After all, how can you streamline procurement processes without sacrificing your standards? Processes and Compliance. Scalability. Data Insight Strategy.

Sourcing Strategies 130

Sourcing Strategies Resource Reduction Optimal Sourcing Cost Reduction Strategies 130

The Logistics & Supply Chain Management Society

SEPTEMBER 14, 2021

CEVA Logistics actively reaches out to support social innovations and engage local communities. In order to achieve this target, CEVA Logistics is incorporating environmental considerations in a variety of areas of operations, from warehousing to transportation and procurement. Photo Credit: L’Oréal. million gallons of SAF this year.

Resource Reduction 242

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EcoVadis

SEPTEMBER 12, 2019

Executive commitment to sustainable procurement is at an all-time high, but several roadblocks continue to impact organizational ROI. Nearly half of procurement organizations (45 percent) indicated they only have visibility into tier-1 suppliers. The roadblocks are limiting sustainable procurement value and ROI.

Optimal Sourcing 40

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Supply Chain Shaman

SEPTEMBER 2, 2016

Before I started doing this research, I believed procurement and manufacturing were aligned. While this is the case in 50% of the organizations, there are many organizations with large alignment gaps between finance/operations and procurement/manufacturing. Driving the future requires innovation… Figure 4. I was wrong.

Supply Chain Planning Software 0

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Supply Chain View from the Field

APRIL 10, 2013

At the Coupa INSPIRE procurement conference in San Francisco this week, the Chief Procurement Officer of Coca Cola Consolidated, Patrick Hopkins, shared his views on the “4 Truths of Procurement”, and how he has operationalized his views through the deployment of Coupa procure to pay software. Data must be right.

Procurement 83

Procurement Material Savings San Francisco SAP 83

NC State SCRC

SEPTEMBER 13, 2016

This month’s Inside Supply Management published by the Institute for Supply Management features an article announcing the launch of a study being undertaken by the Center for Advanced Purchasing on the evolution of procurement analytics. innovation, strategic cost management, risk mitigation, etc.).

Procurement Analytics 40

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BlueYonder

SEPTEMBER 4, 2020

In supply chain, diversity expands beyond a range of age, race, gender, orientation, and cultural backgrounds in the workforce – it should be carried across to procurement. [i] Improve innovation. Having access to a variety of different perspectives also unlocks creativity and higher innovation. More inclusive companies are 1.7

Supply Chain Planning Software 58

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Supply Chain Shaman

JUNE 6, 2013

Closing the gaps happens when there are aligned metrics, clarity of vision and aligned planning processes. This does not come easily, and requires training. Metrics Alignment. Most companies operate well within functions, but struggle to build strong horizontal processes. They lack cohesion. It must be managed as a system.

Supply Chain Planning Software 281

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Unleashed

JANUARY 24, 2022

MRO inventory can account for a sizeable portion of a business’ total procurement spend. Take a comprehensive approach to MRO inventory procurement. Train staff on how and where they can find the MRO inventory they need and the procurement processes of the organisation. Conduct regular audits of equipment and processes.

Inventory Reduction 98

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Supply Chain Shaman

JUNE 29, 2015

In our research for the book Supply Chain Metrics That Matter , we find that this is the case for 90% of companies. It is analogous to athletic training. Over the last decade the average company has dramatically improved employee productivity, and driven reductions in cash-to-cash metrics. Supply chain capabilities disappoint.

Supply Chain Design Software 150

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Proxima

MAY 2, 2020

What innovative things can I do now to address my liquidity or profitability concerns with my partners? We get into endless debate about the distinct differences between SRM and SC&I (supplier collaboration and innovation). And, more specifically to this crisis: Can I shut down service if needed for the time being?

Negotiating Skills 52

Negotiating Skills Optimal Sourcing Purchasing Training Sourcing Strategies 52

BlueYonder

NOVEMBER 11, 2021

Many employers are actively improving conditions and offering technology training and transferable college credits. As transportation management solutions automate the processes of procuring carriers, planning truckloads and determining optimal routes, the result is a huge productivity boost.

Optimal Sourcing 52

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SupplyShift

JULY 6, 2021

After leadership buy-in, it’s important to dedicate DEI-focused staff and resources to your procurement and supply chain teams. Reach out to your suppliers and begin to assess how they are performing on key DEI metrics: How many suppliers have minority-owned business certifications? How many suppliers have formal policies on DEI?

Supply Chain Software 52

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Supply Chain Shaman

MARCH 8, 2016

It is a story of supply chain innovation. Used as a one-to-many data model for sourcing and procurement by companies like IBM, Cisco Systems, Dell, Motorola, Seagate, and Vodafone , there is much promise; but in the last five years the Company, plagued by execution issues, encountered problems. History of Terra Technology.

Supply Chain Planning Software 150

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SCMDOJO

JULY 24, 2023

Let’s take a closer look at these stakeholders and their roles: Shippers: Shippers are businesses that produce or procure goods and require them to be transported to their intended destinations. SLAs should cover key metrics such as on-time delivery, order accuracy, inventory accuracy, and customer service responsiveness.

Logistics Network Optimization Software 91

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Supply Chain View from the Field

MAY 10, 2015

Some of the important points that came out of the meeting included the following: RIGHT METRICS: In general, the right metrics include not just dollar measures of dollars spent, but true measures of Earned Value that involves measures of value that are meaningful to project stakeholders.

Negotiating Skills 60

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Arena Solutions

JULY 8, 2021

To gain a first-mover advantage in today’s highly competitive market, companies require the ability to innovate rapidly. It brings all of the mechanical, electrical, and software designs together and shares them with the entire product team—from quality to procurement to manufacturing, including external supply chains.

Supply Chain Design Software 57

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SupplyShift

JULY 6, 2021

Innovation: new talent, new technologies, and new insights. After leadership buy-in, it’s important to dedicate DEI-focused staff and resources to your procurement and supply chain teams. Once you have your baseline metrics for supplier DEI performance, it’s time to start driving improvement. Regulatory compliance.

Supply Chain Software 40

Supply Chain Software Agile and Lean Supply Chain Supply Chain Optimal Sourcing 40

NC State SCRC

JANUARY 18, 2023

Handfield and Universidade Federal do Espirito Santo’s Dr. Marcos Paulo Valadares de Oliveira showed that an open analytics culture (OAC) strongly correlates with improved supply chain performance metrics. Supply Chain Metrics!?!? – Why should managers who work outside of “Supply Chain” care about this study?

Analytics Software 40

Analytics Software Resource Reduction Cost Reduction Strategies Waste Reduction 40

Procurement Academy

MARCH 12, 2024

Leveraging Tools for Cost Optimization: Insights from Skill Dynamics Cost optimization is a critical aspect of effective procurement management. By adopting a holistic view of costs, decision-makers can make more accurate assessments of the true financial implications of their procurement choices.

Optimal Sourcing 69

Optimal Sourcing Negotiating Skills Purchasing Skills Buyer Training 69

Unleashed

APRIL 27, 2022

Also known as supply chain stewardship, the circular supply chain puts the onus back on those who manage supply chains to make procurement and manufacturing decisions that positively influence sustainable outcomes. The key to capitalising on this is building ecosystem partnerships with waste contractors, suppliers and innovators.

Material Savings 96

Material Savings Waste Reduction Cost Reduction Strategies Resource Reduction 96

NC State SCRC

APRIL 21, 2019

It is very important to ensure chain of custody and work with suppliers to develop innovative technologies to track and trace products as they move through the supply chain. This automation will impact recruiting strategies, job descriptions, KPIs/metrics, operating models, roles that we have/don’t have any longer, training programs, etc.

Meeting 40

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RFgen

APRIL 20, 2023

Overview of Mobile Inventory Solutions for Oracle Cloud SCM While Oracle Cloud SCM is an innovative, next-gen ERP platform, getting maximum value from it requires mobile inventory management. It’s a necessary but beneficial value-add proven to provide upticks in key performance metrics. Explore mobile inventory success stories.

Inventory Management Software 52

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