ivalua

NOVEMBER 26, 2019

In my previous posts, I looked at how to successfully launch a digital transformation and progress to best-in-class Procurement. Most leaders seem to track their progress with metrics such as percent of spend managed and digitization levels, defining best-in-class as being the top quartile or similar high percentage. Stay Flexible.

Optimal Sourcing 130

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 130

Supply Chain Movement

FEBRUARY 2, 2016

eWorld Procurement & Supply. The Leading Bi-Annual Event for Procurement Innovation. Procurement Automation. Internet of Things (the impact on procurement). Internet of Things (the impact on procurement). Procurement Advocacy and Stakeholder Engagement. Getting to Grips with Cloud-Based Procurement.

Procurement 60

Procurement Internet of things Supply Chain Software Risk Management 60

Supply Chain Shaman

OCTOBER 13, 2022

The larger the organization, the more tension with conflicting functional metrics making decisions more difficult. The gap between logistics and procurement; and logistics and customer service increases process latency. Functional metrics need to be abandoned to focus on balanced scorecard outputs. Here is some detail: Planning.

Supply Chain Planning Software 221

Supply Chain Planning Software Modeling Supply and Demand Supply Chain Software 221

Supply Chain Movement

AUGUST 31, 2016

eWorld Procurement & Supply. The Leading Bi-Annual Event for Procurement Innovation. Since 2001, eWorld Procurement & Supply has provided a unique insight into the latest innovations and technologies for senior procurement, supply chain and finance executives. Procurement Automation. Procurement Metrics.

Procurement 60

Procurement Internet of things Supply Chain Software Supply Chain Network Software 60

Supply Chain Movement

AUGUST 31, 2016

The procurement Summit 2016. Building on the huge success of eWorld Procurement & Supply – which has been running bi-annually in London since 2001 – the new Procurement Summit will bring together 150 purchasing and finance professionals from across the commercial, public and third sectors. Procurement Automation.

Procurement Analytics 60

Procurement Analytics Procurement Solutions Procurement Internet of things 60

Supply Chain Shaman

DECEMBER 28, 2020

In short, his vision of an end-to-end supply chain was transactional: better processing of order-to-cash and procure-to-pay. Use data and new metrics systems to free the organization from the ball and chain of corporate politics. He was controlling but lacking the understanding of a planning project.

Supply Chain Planning Software 418

Supply Chain Planning Software Forecasting Forecasting Software Modeling 418

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

Manufacturing Procurement Procurement Supply Chain Planning Software Predictive Analytics Software 100

Supply Chain Shaman

JULY 30, 2022

” (The use of the term “basics” is usually code for the implementation of Enterprise Resource Planning (ERP) to improve order-to-cash and procure-to-pay.). End-to-End Definition Implementation of enterprise data architectures to improve order-to-cash and procure-to-pay. Background.

Supply Chain Design Software 195

Supply Chain Design Software Supply and Demand Supply Chain Planning Software Data 195

EC Sourcing Group

MARCH 12, 2023

A supplier scorecard is the result of supplier analysis based on a set of key performance indicators and metrics. Steps for building a supplier scorecard: Focus on the purpose of the scorecard by recognizing and determining the right measures and metrics, or, your KPI’s.

Procurement Analytics 52

Procurement Analytics Purchasing Skills Procurement Solutions Supply Chain Planning Software 52

Supply Chain View from the Field

NOVEMBER 6, 2015

The webinar will also include Howard Richman, a colleague I have known for many years, first at Merck, and now working at Citrix as their Chief Procurement Officer. Also joining us will be Michael O’Leary, Director of Procurement Solutions at IBM.

Procurement Analytics 60

Procurement Analytics Procurement Solutions Analytics Software Optimal Sourcing 60

ivalua

NOVEMBER 29, 2022

In recent years, the overall state of Procurement has been bolstered by increased proficiency, expanding engagement, and a growing direct impact on operations. And they’re not the only ones—other department heads are also increasingly budget-conscious, creating a new opportunity to partner with procurement for better budget management.

Procurement Analytics 130

Procurement Analytics Metrics Manufacturing Procurement Optimal Sourcing 130

ivalua

JUNE 29, 2020

Ultimately, BSW was able to improve a key metric (Supply Expense as a % of Net Patient Revenue) and generate millions in savings. Perhaps explore a self-distribution model and more transactional automation with procure-to-pay solutions. . Watch a BSW webinar here.

Supply Chain Planning Software 219

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

NC State SCRC

JUNE 27, 2017

In my earlier book with Gerard Chick on “ The Procurement Value Proposition “, we advance the notion that buildoing a business case for investing in people, process, and technology improvement in procurement is key. This is effectively a “snapshot” in time. and “What is the potential return on investment?”

Manufacturing Procurement 40

Manufacturing Procurement Procurement Analytics Optimal Sourcing Procurement 40

Requis

NOVEMBER 18, 2020

Today, as the founder and managing partner of USM Supply Chain Consultants she has put her expertise in supply chain, procurement, finance and project management to work to help her clients achieve greater profitability. In the end-to-end supply chain there’s procurement, logistics, operations, and warehousing.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software Optimization Software 52

Supply Chain View from the Field

OCTOBER 3, 2013

And an active supplier will also start sending you things – but are they doing it on time, and what are the metrics with the delivery of the contracted product or service. And oh yes, you also have to pay suppliers, assuming you have a correct invoice from them that is validated against the contract and the purchase order.

Procurement Analytics 60

Procurement Analytics Analytics Purchasing Skills Data 60

ivalua

DECEMBER 18, 2019

Master supplier data doesn’t just matter to Procurement. It plays a role in a number of necessary business functions and is a key enabler of automation throughout the Procure-to-Pay (P2P) process. Inside the modern enterprise, a variety of groups use supplier master data, including not just Procurement, but also: .

Optimal Sourcing 130

Optimal Sourcing Data Management Procurement Vendor Strategies 130

Taulia

NOVEMBER 2, 2020

The procure-to-pay process can be streamlined in a number of different ways, and one of the most important tools available is invoice automation. For many companies, the processes involved in paying suppliers are highly manual and inefficient – so there are plenty of opportunities to automate these processes.

Supply Chain Software 52

Supply Chain Software Optimal Sourcing KPI Optimization Software 52

HICX Solutions

JANUARY 27, 2023

The most important areas of the Supplier Lifecycle Management process are focused on merging two of the key procurement cycles: Procure-to-pay Source-to-contract Those responsible for managing the organization’s Procurement can combine suppliers’ master data and procurement and sourcing cycles to deliver streamlined and enhanced workflows.

Vendor Strategies 52

Vendor Strategies Optimal Sourcing Sourcing Strategies Procurement Solutions 52

Talking Logistics

DECEMBER 4, 2017

Having more timely, accurate, and complete data — and converting it into actionable intelligence — will not only lead to cost reductions and increased asset utilization, but also improvements in customer service and satisfaction, the top metric cited by the respondents.

Material Savings 0

Material Savings Supply Chain Planning Software Conference Supply Chain Software 0

ivalua

OCTOBER 15, 2019

In my last post , I discussed how to successfully launch a digital Procurement transformation. Why do so many Procurement organizations struggle to make progress? In this post, I’ll look at the key challenges and how to accelerate your journey to best-in-class Procurement. . Alex Saric, CMO, Ivalua. Serve Your Customers Well.

Procurement 113

Procurement Modeling Software Supply Chain Network Software Innovation 113

Supply Chain View from the Field

AUGUST 24, 2015

The team will assist the Austin’s with a transition plan and identify metrics (and record keeping needed for these metrics) so that the Austin’s and other transitioning dairies have a heightened chance of success as they move from suppliers of raw milk, to small businesses producing finished dairy products for sale.

Procurement Analytics 60

Procurement Analytics Analytics Software Analytics Manufacturing Procurement 60

BlueYonder

MAY 22, 2020

Ongoing network imbalances, shifting channel demand, and the distortion of key metrics such as on-time in-full (OTIF) will increase costs and further erode performance. This pandemic will affect the long-term health of many companies, and 3PLs are not immune. Reduced efficiency and productivity will result in lower throughput.

Cost Reduction Strategies 91

Cost Reduction Strategies Inventory Reduction Optimal Sourcing Procurement Analytics 91

Precoro

NOVEMBER 20, 2023

Cervino provided us with insights into how Opna Bio SA’s team chose the right system and how it impacted their procurement process. They were worried that with a manual approach, data entry and creation of procurement documents would be time-consuming and prone to errors. ." Thus, the onboarding process began.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Biotech Optimal Sourcing 52

SCMDOJO

APRIL 26, 2023

Category management is a procurement strategy that involves grouping similar products or services together into categories and managing them as a single unit. This approach can help organizations streamline their procurement processes, negotiate better deals with suppliers, and ultimately save money.

Procurement Solutions 76

Procurement Solutions Manufacturing Procurement Procurement Analytics Optimal Sourcing 76

Silvon Software

APRIL 19, 2022

Procurement is one core process area being focused to better manage today’s fluctuating change, with key performance metrics leading the way to assessing and managing procurement performance. The Basics of Procurement KPIs. Every KPI needs a clearly defined goal. Supplier KPIs.

Optimal Sourcing 121

Optimal Sourcing Procurement Analytics Manufacturing Procurement Negotiate Pricing 121

Cathy Roberson

APRIL 6, 2022

Supply Chain @Mr_Supply_Chain Deep customs insights, landed cost analysis, customs delays, ports, product level analysis Chris rubio @cm_rubio Transparency Complete transparency of Available To Promise Date, Landed Cost, and ESG metrics for the entire Procure-To-Pay lifecycle at the piece level. we want to see adjustments.

Real-time Visibility 52

Real-time Visibility Supply Chain Planning Software Supply Chain Design Software Forecasting Software 52

NC State SCRC

SEPTEMBER 22, 2019

Most companies traditionally focus on their data needs during the early stages of a procurement project involving third party suppliers, who are charged with collecting data, incorporating it into a system or product, and ensuring that the system is capable of ingesting new data that is processed into analytics.

Quality 40

Quality Data Supply Chain Software Analytics Software 40

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

Negotiating Skills Purchasing Training North Dakota Optimal Sourcing 60

Supply Chain View from the Field

AUGUST 27, 2014

Students will learn core processes around initial exploration and assessment of supply chain relationships, establishing metrics/expectations for the relationship, crafting and managing contracts, and sustaining continuous performance improvement in sourcing, logistics and operations.

Negotiating Skills 68

Negotiating Skills Negotiate Pricing Supply Chain Design Software Manufacturing Procurement 68

ivalua

AUGUST 1, 2022

Leading, high-performing procurement organizations share one common trait–they consistently prioritize a holistic and integrated approach to Supplier Management. Aligning suppliers to overall Procurement and broader business strategy is critical to create sustained long-term value. . Keep all other systems in sync .

Supplier Management 130

Supplier Management Sourcing Strategies Procurement Solutions Optimal Sourcing 130

Material Handling & Logistics

JULY 24, 2018

CCC is a standard metric used to quantify the ability of companies to convert invested resources into cash, and incorporates payables, receivables and inventory. This is a significant improvement over the high CCC of 37.3 days seen in 2015, and nearly matches the lowest recent CCC of 33.4 days for top quartile companies versus 47.5

Company 54

Company Optimal Sourcing Inventory Reduction Survey 54

NC State SCRC

NOVEMBER 5, 2016

Contract analytics can provide a summary view on performance and pricing deviations, risks, statistics (expiry, renewal and pending), procurement and sales metrics. Contract Management systems can also provide insights as to outstanding terms and conditions, and which are out of line with corporate policies.

Negotiating Skills 40

Negotiating Skills Analytics Software Supply Chain Planning Software Modeling Software 40

IQMS

OCTOBER 18, 2019

Key factors influencing inventory levels, supplier quality, demand forecasting, procure-to-pay, order-to-cash, production planning, transportation management and more are becoming known for the first time. New knowledge and insights from machine learning are revolutionizing supply chain management as a result.

Supply Chain Planning Software 73

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Analytics Software 73

NC State SCRC

DECEMBER 17, 2017

In the innovation category, metrics related to spending management, category management, strategic sourcing and supplier relationship management. In the social responsibility category, metrics related to supply chain policies, practices and results, including audits and lawsuits, with respect to human relations and the environment.

North Carolina 40

North Carolina Innovation Supply Chain Software Optimal Sourcing 40

Supply Chain Shaman

FEBRUARY 25, 2016

The traditional supply chain is inside-out, triggering processes on the back of order-to-cash and procure-to-pay financial processes. This is the world view of finance and why there is so much friction between procurement and finance. Let’s start by addressing the barriers. Barrier #1. Inside-out Thinking. It is not sufficient.

Supply and Demand 150

Supply and Demand Prescriptive Analytics Software Supply Chain Design Software Supply Chain Planning Software 150

HICX Solutions

JULY 5, 2021

As Stephane describes, the overall aim was “to transform and digitize the way in which we manage Procurement within Mondelez.”. What metrics should be considered? Stephane talks to four main areas of metrics in the webinar: Efficiency gains in processes. Effectiveness. He continues: “Look at end-to-end processes.

Vendor Strategies 90

Vendor Strategies Cost Reduction Strategies Manufacturing Procurement Buyer Training 90

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. Supplier analytics, technology trends, risk metrics, social media, open source data, etc).

Procurement Analytics 40

Procurement Analytics Analytics Software Procurement Solutions Optimal Sourcing 40