The Logistics & Supply Chain Management Society

FEBRUARY 16, 2023

Reliable and responsive suppliers are key for supply chain performance and success and hence the supply chain leaders require not only a strategic approach but also an agile approach towards outsourcing. Strategic sourcing can help supply chain leaders identify potential risk factors and develop procurement mitigation plans.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Sourcing Strategies Optimal Sourcing Purchasing Skills 130

Precoro

AUGUST 14, 2023

Procurement managers play a crucial role in formulating the company's procurement strategy. We want to highlight the following top five skills for a procurement manager (in no particular order): Analytical acumen One skill that procurement managers should prioritize is analytical acumen.

Negotiating Skills 98

Negotiating Skills Purchasing Skills Buyer Training Procurement Solutions 98

EC Sourcing Group

JUNE 1, 2021

How to Master Your Strategic Sourcing Process. Suppose you’re new to strategic sourcing, or you’re just taking a look at your strategic sourcing methodology to ensure that you’re following best practices. Your Strategic Sourcing Process: What Does Strategic Sourcing Mean?

Negotiating Skills 52

Negotiating Skills Sourcing Strategies Optimal Sourcing Negotiate Pricing 52

Precoro

OCTOBER 24, 2022

Procurement is a complex and dynamic process involving strategic planning and several stages of execution, from sourcing to paying and reporting. Supply chain management, purchase requisitions and orders, budget management, and three-way matching – all these processes are integral to procurement as a whole. Automation.

Procurement Solutions 98

Procurement Solutions Procurement Analytics Analytics Software Sourcing Strategies 98

ThroughPut

APRIL 17, 2024

AI with its predictive capabilities is helping companies make more informed decisions, automate processes and optimize efficiency like never before. After all, even though AI can help with novel ideas and data analytics, it cannot fully replicate human capabilities in innovation or critical thinking.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Predictive Analytics Software Optimal Sourcing 52

ThroughPut

JANUARY 2, 2024

Just-In-Time (JIT) Inventory Management, also known as lean manufacturing or the Toyota Production System (TPS), is a strategy that aligns raw-material orders from suppliers directly with production schedules. What is Just-In-Time (JIT) Inventory Management? How Does Just-In-Time (JIT) Work? What Does Just-In-Time (JIT) Management Involve?

Inventory Reduction 52

Inventory Reduction Just-in-Time Resource Reduction Expense Reduction 52

Supply Chain Trend

DECEMBER 22, 2023

In the end, IBP is a philosophy, or belief system that strives for transparency, near perfect integration and alignment, both horizontal (between functions, BUs, even companies) and vertical (between strategy, planning and execution). And artificial intelligence (AI) and intelligent agents will be part of the solution.

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Planning Scenario Planning Negotiating Skills 78

ivalua

MAY 30, 2023

Ivalua Spend Management Insights [ivory-search] 3 Powerful Ways Procurement will Drive the 2030 Saudi Vision Transformation May 30, 2023 | | Procurement Strategy by Sara Omer What is the Saudi Vision 2030 Program? Analyzing spend and executing these processes across all spend is crucial to navigating these complexities.

Manufacturing Procurement 49

Manufacturing Procurement Procurement Solutions Resource Reduction Price Reduction 49

EC Sourcing Group

FEBRUARY 9, 2021

How to Optimize Your eSourcing Award Strategy. Sourcing is one of the most important foundations of procurement—if you’re not able to find the right suppliers you need and source goods from them, procurement cannot occur, and the entire supply chain, in essence, crumbles apart. What Are Sourcing Steps?

Optimal Sourcing 52

Optimal Sourcing Sourcing Strategies Vendor Strategies Price Mitigation Strategies 52

EC Sourcing Group

OCTOBER 25, 2022

What is the Best Reverse Bidding Process and Strategy? Reverse bidding is the process by which one company bids against another to secure a specific item or service. This procurement process is becoming more popular in today’s competitive business environment because of its advantages for buyers and sellers.

Price Reduction 52

Price Reduction Sourcing Strategies Cost Reduction Strategies Negotiating Skills 52

ivalua

MAY 9, 2023

However, this strategy may lead to a lack of options and price volatility within the market. There is quite a substantial effort to participate in a public tender process, so most vendors have a limit to how many unsuccessful tenders they are willing to respond to before giving up.

Vendor Strategies 246

Vendor Strategies Procurement Solutions Manufacturing Procurement Sourcing Strategies 246

EC Sourcing Group

JULY 5, 2022

Spend analysis is a process that identifies, cleans, categorizes, and analyzes your business spend data. The process of spend analysis has specific goals of efficiency and saving money by increasing visibility into spend, which can decrease overall procurement costs. Business intelligence and analytical spending analysis reports.

Analysis 52

Analysis Analytics Software Supply Chain Design Software Supply Chain Planning Software 52

Enterra Insights

JANUARY 17, 2019

Colin Masson ( @colinmasson ), Global Industry Director for Manufacturing Solutions at Microsoft Cloud and Enterprise, adds, “Throughout history, manufacturing and the products produced by manufacturers have been driven by technology. Advanced analytics. ”[6]. ” Internet of Things. .” ”[8].

Manufacturing Procurement 100

Manufacturing Procurement Prescriptive Analytics Software Trends Manufacturing 100

SCMDOJO

AUGUST 21, 2023

Read More: Top 10 Supply Chain YouTube Channels to Subscribe ] Highlighting the Role of Influencers and Social Media in Modern Marketing Strategies In today’s dynamic marketing landscape, influencers have risen as vital players, profoundly shaping consumer behaviors and choices.

Negotiating Skills 97

Negotiating Skills Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing 97

QAD

AUGUST 4, 2021

Ultimately, this drive in delivery demand has decreased the available supply of trucks and drivers for the automotive industry, delaying important deliveries of parts and materials and stalling production processes. Here are five strategies your automotive company should consider moving forward: . The Semiconductor Shortage.

Resource Reduction 98

Resource Reduction Material Savings Sourcing Strategies Supply Chain Strategy 98

Eyvo

SEPTEMBER 16, 2019

The influence of disruptions in procurement can be seen in – better supplier relationships and effective management, strategic sourcing and better spend measurability. There are changes which are already happening in the procurement processes. These technologies can potentially change the way procurement works.

Procurement Analytics 40

Procurement Analytics Procurement Solutions Optimal Sourcing Analytics Software 40

NC State SCRC

NOVEMBER 2, 2023

Through his vision, procurement delivered a billion dollars in savings through cross-functional strategic sourcing teams – which met Wall Street’s guidance. Oftentimes procurement is NOT part of the business strategy. I knew I had to make it different to align with the strategic metrics of the company and support those metrics.

Procurement Analytics 52

Procurement Analytics Negotiating Skills Manufacturing Procurement Optimal Sourcing 52

ivalua

DECEMBER 19, 2019

Redwood City, CA – December 18, 2019 – Ivalua, a global leader in cloud Spend Management solutions , today announced that it has been recognized as a Leader by Forrester Research Inc. in “ The Forrester Wave™: Source-to-Contract Suites, Q4 2019.” About Ivalua. Ivalua is the Procurement empowerment platform.

Optimal Sourcing 20

Optimal Sourcing Sourcing Strategies Analytics Software Supply Chain Planning Software 20

ivalua

DECEMBER 18, 2019

Redwood City, CA – December 18, 2019 – Ivalua, a global leader in cloud Spend Management solutions , today announced that it has been recognized as a Leader by Forrester Research Inc. in “ The Forrester Wave™: Source-to-Contract Suites, Q4 2019.” About Ivalua. Ivalua is the Procurement empowerment platform.

Optimal Sourcing 20

Optimal Sourcing Sourcing Strategies Analytics Software Supply Chain Planning Software 20

EC Sourcing Group

JANUARY 12, 2023

Without it, procurement teams are forced to rely on outdated information or incomplete data to guide their decision-making processes, which often leads to less-than-optimal results. While many procurement professionals understand the importance of spend visibility, many struggle with how to achieve it in practice.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 52

Supply Chain Shaman

DECEMBER 4, 2018

At Rockwell this includes all processes end-to-end except for manufacturing. In his role, Ernest owns strategic sourcing, materials planning, customer care, and logistics operations globally. The company also offers engineered-to-order solutions, such as control centers and medium-voltage drives.

Supply Chain Software 33

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Manufacturing Procurement 33

Supply Chain Shaman

DECEMBER 4, 2018

At Rockwell this includes all processes end-to-end except for manufacturing. In his role, Ernest owns strategic sourcing, materials planning, customer care, and logistics operations globally. The company also offers engineered-to-order solutions, such as control centers and medium-voltage drives.

Supply Chain Software 30

Supply Chain Software Case Study Supply Chain Planning Software Supply Chain Design Software 30

Supply Chain Game Changer

NOVEMBER 16, 2022

Along with cost savings, procurement managers are focusing on optimizing and automating processes. It helps bring predictability to Strategic Sourcing, automates Transactional Procurement (or P2P cycle), and enables proactive Supplier Risk Management. In 2022, this became history with procurement automation solutions.

Optimal Sourcing 19

Optimal Sourcing Procurement Analytics Manufacturing Procurement Supply Chain Software 19

Supply Chain Game Changer

JUNE 8, 2021

So, learn from other people’s perspectives, gain skills in all the fundamental processes, understand how they all interact and learn to connect the dots. It is easy to critique, blame and make excuses – but the most successful individuals are the ones who focus on solutions and results. The reason I love Supply Chain is the breadth.

Negotiating Skills 97

Negotiating Skills Purchasing Skills Industrial Industry 97

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

Precoro

OCTOBER 6, 2022

While strategizing , keeping feet on the ground is important, and that's when data comes in especially handy. Procurement analytics is a component of business intelligence and is increasingly important, especially in complex organizations. Procurement analytics, built on unbiased data, is often perceived as a single source of truth.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Solutions Procurement Analytics Pricing Training 98

Eyvo

DECEMBER 16, 2020

The study gives a comprehensive market overview of more than 30 procurement solution providers from around the world. The Capgemini Digital Procurement Research aimed at identifying the key functionalities offered by the major source-to-pay solution providers in the market.

Procurement Analytics 52

Procurement Analytics Procurement Solutions Research Procurement 52

Supply Chain View from the Field

JULY 17, 2015

Each book represents a different perspective, and thus provide a representation of the current debate going on in procurement strategy meetings around the globe. Andrew Cox’s new book “Sourcing Portfolio Analysis” represents the more traditional “power-based” view of procurement.

Optimal Sourcing 60

Optimal Sourcing Sourcing Strategies Negotiating Skills Sourcing 60

Supply Chain Game Changer

NOVEMBER 10, 2018

They may even take over the provisioning of an entire end-to-end solution. Is top management committed to the collaboration process and ready to offer support over the long term? Third, does the partner have the right infrastructure and processes in place to provide a basis for the collaboration?

Optimal Sourcing 66

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software 66

Enterra Insights

DECEMBER 2, 2022

” • Completeness : “Is there complete data available to process for a specific purpose, like ‘housing expense’ to provide a loan? Is there complete fill rate in storage to process all customers?” Is it in an unusable format to be processed?” Which systems will we use to source the data?

Big Data 130

Big Data Quality Data Supply Chain Planning Software 130

Precoro

JANUARY 16, 2023

Companies typically select supplementary software to help support this process. Spend management allows for efficient sourcing and procurement, regulated expenses, timely registration of spontaneous purchases, and a reduction of fraud and errors. An efficient spending strategy is grounded in the real-life spending data of the company.

Procurement Solutions 98

Procurement Solutions Negotiating Skills Purchasing Skills Expense Reduction 98

Synovos

APRIL 2, 2024

Here we explore why the MRO supply chain is so significant and how better management of the entire MRO purchasing process can drive valuable cost savings and efficiency gains. Research by RS Group, for example, found that for every £1 spent on MRO products, organizations spend £2 on the procurement process.

Optimal Sourcing 52

Optimal Sourcing Procurement Solutions Manufacturing Procurement Procurement Analytics 52

SCMDOJO

NOVEMBER 2, 2023

Expertise: Sourcing, Supply Chain Analysis, Logistics & Transportation, Logistics Management Consulting, Freight (Maritime, Land, or Air), Logistics Technology Solutions. in Management Science, he brings a wealth of knowledge to help your organization optimize processes and enhance supply chain performance. With a Ph.D.

Supply Chain Design Software 59

Supply Chain Design Software Negotiating Skills Optimal Sourcing Supply Chain Planning Software 59

SCMDOJO

JANUARY 17, 2024

A myriad of professionals within the field ensures timely deliveries from suppliers and orchestrates manufacturing processes to meet your requirements, contributing to a rewarding career path in supply chain management. Planning roles include: A supply chain planner analyzes performance and improves processes.

Negotiating Skills 69

Negotiating Skills Purchasing Skills Optimal Sourcing Manufacturing Procurement 69

SCMDOJO

APRIL 3, 2022

E-auctions are often transparent, enabling small organizations to engage in the process and, as a result, allowing suppliers to participate in emerging businesses. This also speeds up the transaction process by eliminating the need for individual vendors to present a detailed project (Medius, 2021). Macfarlane, 2017).

Vendor Strategies 138

Vendor Strategies Negotiating Skills Price Reduction Purchasing Skills 138

ThroughPut

MAY 11, 2021

It is important for retailers to combine online and offline data and put data-driven retail supply chain processes in place to understand what products to stock, how much to stock, and how to distribute it through different channels so consumers can have easy and fast access. . Stock management and replenishment strategy .

Supply Chain Planning Software 52

Supply Chain Planning Software Optimal Sourcing Modeling Supply Chain Software 52

Supply Chain Game Changer

NOVEMBER 22, 2018

Implementing change and managing change are no easy task, and for that very reason change requires infrastructure, processes and clearly defined actions. Recently, I read Magnus Carlsson’s book, Strategic Sourcing and Category Management: Lessons learned at IKEA. An Infrastructure For Change. After creating?—?in in essence?—?the

SCM 56

SCM Alloy Resource Reduction Sourcing Strategies 56