Remove 2007 Remove Inventory Remove Procurement Remove Training
article thumbnail

“You’re Only as Good as Your Worst Supplier”

Talking Logistics

I encourage you to read the article by Ted Mann for more details, but here are my three quick takeaways based on the information reported: Inadequate training is the Achilles’ heel of any operations ramp up. Procuring logistics services is not the same as buying paper clips, yet that’s how many procurement organizations approach it.

article thumbnail

My Take: E2open Buys Terra Technology

Supply Chain Shaman

In 2007-2014 Terra added inventory management, multi-tier demand sensing, transportation forecasting, and long-term forecasting. Traditionally E2open sold to the procurement organization. The E2open team will need to retain the Terra Technology team’s talent and train the E2open team on demand. It is a new buyer.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Spreadsheets – A Look Back

Kinaxis

A poor procurement choice based on stale data can lead to a decline in profits. From our eBook, S&OP in the 21st century , “An audit of 50 corporate spreadsheets in 2007 revealed that 94% had errors… one for $100 million!” That could mean excess inventory sitting in a warehouse, gathering dust or depreciating.

article thumbnail

GAAP for Accounts Payable: What it is and why it's important

Precoro

Accounting policies and assumptions in areas such as inventory valuation methods, depreciation methods, and criteria for estimating fair value. No matter what incentives drive a company's decision to maintain GAAP compliance, to do so they typically have to hire professional accountants who are trained in GAAP to conduct internal audits.

article thumbnail

5 supply chain initiatives to combat ESG risks

Taulia

Build an ESG-compliant supplier base To address ESG risks, companies need to put ESG at the forefront of how they do business – and that starts with the procurement process. Rethink inventory management strategy Sustainability and optimal inventory levels go hand in hand.

article thumbnail

Avoiding Dead-end Streets As We Build the Future of Supply Chain Planning

Supply Chain Shaman

Seasoned supply chain professionals used the mental model from the recession of 2007 as a guidepost.) While I believe that the explosion of the number of planners and the lack of a clear definition of the planner role is problematic, we are far from being able to implement a process that is not dependent on the trained planner.

article thumbnail

We Need Supply Chain Immunity, not Resiliency: A Position Paper

NC State SCRC

Supply chain resilience generally means the ability to manage risk and be best positioned to respond and even gain advantage from disruptions (Sheffi, 2007). [1] Resilience is the easy way out – it involves carrying a lot of inventory and redundancies in the supply chain that are wasteful.