article thumbnail

The expanding scope of procurement analytics: Some initial thoughts

NC State SCRC

Procurement analytics, which supports decision making in procurement management, typically handles problems and decisions that are related to cost reduction, supplier management, cost modeling, procurement-led innovation, market strategies, supply chain risk, and stakeholder value improvement (Handfield, Jeong, and Choi 2019).

article thumbnail

Lifting The Gray Curtain

Supply Chain Shaman

The supply chain investments of the last decade focused on improving black & white processes–order-to-cash and procure-to-pay. We started the pandemic with twenty-one more days of inventory than we had in 2007. My view is that we are in phase 3 of the pandemic. In the next months, shortages and disruption loom.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What € 30M funding really means to us: Accelerating sustainable procurement

EcoVadis

First of all, on behalf of the team here, we can thank our Co-Founders and Co-CEOs Pierre-François Thaler and Frédéric Trinel for their tireless dedication, and who have devoted their intelligence, passion and seemingly endless energy to building EcoVadis since 2007. Bravo, and thank you! The market has spoken. Destination: Growth!

article thumbnail

Seasoned Leadership in Action™ – An Interview with Stephany Lapierre, CEO at tealbook!

Supply Chain Game Changer

I launched my second business, a strategic sourcing and procurement consulting firm in 2007. That company grew organically and supported over 100 companies ranging from Fortune 100 companies to fast growing businesses building their first procurement function. procurement #purchasing #supplychainmanagement.

article thumbnail

Growing Challenges in Supplier CSR Monitoring are Being Met with Powerful Digital Solutions

EcoVadis

This is creating a ‘triple-whammy’ of imperatives for procurement teams — and their trading partners — to monitor and manage risk, while at the same time exposing new sources of value that will be the key differentiators in the future. Additional data such as sustainability indicators, can be attached at each step in the chain.

article thumbnail

Supply Chain Management:SAP acquired Ariba, what does it mean.

Infosys Supply Chain Management

Sourcing & Procurement. Cloud & Big Data. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. » SAP acquired Ariba, what does it mean for the on-demand, procurement and SAP world? Sourcing & Procurement, primarily the indirect spend area. Customer Service.

article thumbnail

Why Your Approach to MDM Matters: Single Domain MDM Versus Multidomain MDM

HICX Solutions

1] Alex Berson and Larry Dubov, Master Data Management and Customer Data Integration for a Global Enterprise. McGraw Hill, 2007. Supplier Information Management (SIM), underpinned by MDM, is therefore leading the digital transformation in Procurement. This results in bad data, wasted time and increased cost.