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). While this role of procurement analytics improves the efficiency of internal operations (e.g.,

Ethics in Procurement – Simple, but Not Always Easy

Logistics Bureau

If you have not yet tackled the question of ethics in procurement, now is a great time to start. It does not matter whether you are a procurement professional, internal customer, external customer, senior executive, or supplier. Ethical Procurement: Some Scenarios to Consider.

How Are Counterfeit Drugs Procured?

Supply Chain @ MIT

A new approach focuses on the way these products are procured. The research explores a new approach to combating drug counterfeiters: devising mitigation strategies based on the way dispensers procure medicines. Counterfeit cures.

Frequency of “Supply Chain” in Books

SCM Research

The following Google Ngram Viewer graph shows the frequency of the terms “supply chain”, “logistics” and “procurement” in books published between 1975 and 2008. Practice Research Logistics Procurement Supply Chain Management

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.

Citations of Excellence Awards 2014

SCM Research

The results of the study show “that Internet consumers’ trust and perceived risk have strong impacts on their purchasing decisions” The second paper by Locke, Qin & Brause (2007) asks: “ Does monitoring improve labor standards? 2007). Theory Article Award Corporate Social Responsibility Procurement Supply Chain Management Supply Chain Risk Management

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. Subscribe Here!

What will it take for your company to establish a Sustainable Procurement Policy?

EcoVadis

which effectively persuaded the largest toy company in the world to promise to establish a sustainable procurement policy. Mattel, who suffered from major supply chain issues in 2007 when lead was detected in their toys and who spent US $110 million on “reputation repair”, are in the spotlight once again. Why Mattel did not establish a formal sustainable procurement policy after their first major supply chain issue in 2007 is somewhat hard to say.

Pacific Drilling Selects Consus & Ivalua to Drive Sourcing Best Practices Globally

ivalua

New York, NY April 2, 2019 – Consus Global , a leading Procurement services provider and Ivalua, the leading global Spend Management Cloud provider, today announced that Pacific Drilling , a deep water drilling company based in Houston, has selected Consus’ services in conjunction with Ivalua’s Sourcing platform to achieve cost savings and drive transparency across their sourcing operations. We look forward to contributing to their Procurement cost optimization initiative”.

Sustainable Procurement: Want change? The first step is to create urgency

EcoVadis

When new clients come to us they often have many questions about the right steps to take in order to ensure effective implementation of their sustainable procurement program. Procurement professionals are an extraordinarily busy breed and are especially bogged down with supplier data on cost, quality, delivery, price, etc. So, what are those realities for sustainable procurement? implementing sustainable procurement business processes).

Biobased Economy Continues to Grow: USDA Secretary Announces NC State-Duke Study Results on Monday

NC State SCRC

The rural unemployment rate has dropped below 6 percent for the first time since 2007, and from 2012-2014, we saw rural child poverty fall by 3 percentage points.”. Just like the report does as well… Biobased Products Corporate Social Responsibility Emerging Issues in Supply Chain Energy Supply Chain Food Supply Chains Procurement Sustainability Supply Chain Economics Supply Chain Management Sustainability

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Do markets reward sustainable supply chains? The forces of social capital may change the rules…

Supply Chain View from the Field

Its inspections have turned up serious violations at hundreds of plants, but only 15 suppliers have been terminated since 2007. Procurement Sustainability Supply Chain Management Sustainability In a recent dialogue with Barbara Grey, the author of new research on social capital today, we discovered an interesting anomaly.

Four Strategies To Deploy As Supply Chain Hits Main Street

Supply Chain Shaman

When the recession of 2019-2020 happens, the whiplash will be higher than the 2007 recession. For the CFO, end-to-end is a focus on transactional flows like order-to-cash and procure-to-pay. For example, demand planning does not flow to procurement or transportation.

Origin of Logistics & Supply Chain Revealed! - SupplyChainOpz

Supply Chain Opz

Larson et al 2007 indicated that, based on a literature review, there are 4 types of interaction as below, Reproduced from Larson et al 2007. (1) NAVIGATE. Basics. Case Studies. Graphics. All Posts. About. Copyright. Privacy. Blogroll. Origin of Logistics & Supply Chain Revealed!

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

Talking Logistics

Pratt’s experience immediately reminded me of what happened to Boeing back in 2007 when the company experienced a shortage of nuts and bolts used to assemble the Dreamliner , which resulted in a costly delay. Procuring logistics services is not the same as buying paper clips, yet that’s how many procurement organizations approach it. “People always ask, ‘What’s the one thing that keeps you up at night?’ ” United Technologies Chief Executive Greg Hayes said last month. “It’s

Supply Chain Operating Networks Create Supply Chain Rockstars

Talking Logistics

The wealth of data captured from raw material procurement through distribution to the end customer creates a comprehensive, holistic view of how a supply chain is performing.

Pacific Drilling Selects Consus & Ivalua to Drive Sourcing Best Practices Globally

ivalua

New York, NY April 2, 2019 – Consus Global , a leading Procurement services provider and Ivalua, the leading global Spend Management Cloud provider, today announced that Pacific Drilling , a deep water drilling company based in Houston, has selected Consus’ services in conjunction with Ivalua’s Sourcing platform to achieve cost savings and drive transparency across their sourcing operations. We look forward to contributing to their Procurement cost optimization initiative”.

Balance and Segmentation – What the Election Can Teach Supply Chain

Kinaxis

Source: © 2007 AMR Research, Inc. | Page 5. Aside from just getting the CEO/CFO to make the decision, a Supply Chain S&OP will always be faced with Marketing vs Sales, Product Management vs Procurement, or Service vs Finance.

Is The Retail Industry Melting Down?

Supply Chain Game Changer

Argentus is a boutique recruitment firm focused on Supply Chain and Procurement. In short, the great recession of 2007 knocked some changing consumption habits into overdrive, and people are more interested in spending money on travel and restaurants instead of physical goods.

A Fireside Chat with John Sculley, Apple’s former CEO

NC State SCRC

” A question came from the audience: “Fundamentally – procurement is measured on cost savings as the primary metric. In 2007, Apple launched the I-Phone. And at the same time one can get into a new domain by procuring talent that may not already be in your organization.”

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!”

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EcoVadis Celebrates 5th Year Anniversary

EcoVadis

Could we imagine in 2007, when climate change was the feature story across main stream magazine covers following the release of Al Gore’s Inconvenient Truth, that five years later not much would have been done to address the topic? In 2007 many saw Corporate Social Responsibility (CSR) as a “luxury” pushed by the rich Western world to slow down the “poor” emerging countries. Advancements in Sustainable Procurement.

What is the return on ERP implementation? Results from our research

Supply Chain View from the Field

2007). ERP systems are designed to integrate transactions from finance, human resources, procurement, operations, sales and marketing, logistics, and other functions in a firm. procurement activities. This form of activity ( known as maverick buying) is one of the most challenging behaviors to control in the enterprise, and leads to deterioration of supplier leverage, and a focus on transactional activities to the exclusion of strategic value-added procurement activities.

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. But assessing and monitoring the CSR practices of suppliers worldwide poses tough challenges for procurement teams, across these dimensions: Geographic diversity. Note: This blog was originally posted on.

Flipkart-Walmart Deal and What It Means for the Indian Online Retail Sector

Shipsy

Despite entering India way back in 2007, Walmart till now, operated only 21 stores catering to B2B segment across the country. Given Walmart’s competence in supply-chain management, the company can provide the much-needed push by enabling the procurement of goods at village level.

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Twitter Insights from GT Nexus Bridges 2015 Conference

Talking Logistics

Solutions addressing the financial side of the supply chain, including Procure-to-Pay, is another core differentiator for GT Nexus. Transportation Services Procurement: Maximizing Strategic Goals and Business Value (Del Monte, Hewlett-Packard, USSA). Global transportation panel w/ HP, Cargill, & Nestlé: trend toward centralized procurement & strategy with localized execution. Johnsen @GTNexus : Data quality for ocean shipments was 59% in early 2007.

Textile industry suppliers’ environmental violations in China

EcoVadis

In China, the textile industry was classified as the top 5 most polluted industries in 2007, which is caused by waste water discharge (containing toxic and hazardous substances) from “wet processing” technology which includes dyeing, washing, printing and finishing.

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The State of the Industry: A Mid-year Look at Transportation and the Economy

Talking Logistics

Despite the addition of trucks, the largest TL carriers collectively have 5% fewer trucks on the road today than they did at the end of 2007. the company that invented optimization-based transportation procurement with its OptiBid software.

The Best Practice Frontier in the 3D Supply Chain Triangle

Arkieva

On the other hand I can reduce my cost by increasing batch sizes in production or MOQ’s in procurement. It took a hit from 2007 to 2008, most probably because of the financial crisis and it never recovered.

IBM Beefing Up for Matrix Commerce in 2012

Supply Chain Network

Emptoris solutions bring more intelligence to procurement and supply chain operations with spend, supplier and contract management for Smarter Commerce. Extends Smarter Commerce capabilities to Chief Procurement Officers. My POV: The emergence of Matrix Commerce means the procurement and sourcing process must become more flexible, rapid and automated, period. In the past two months, IBM has made three strategic moves that bolster its SmarterCommerce portfolio.

2012: California Transparency in Supply Chains Act comes into effect

EcoVadis

In fall 2007, Gap Inc. Chief Procurement Officers, procurement professionals, etc.) On a grander scope, there is a systemic shift happening in the world of sustainable procurement. This is why EcoVadis has coupled expertise on both Corporate Social Responsibility and sustainable procurement strategy to provide tools on the leading edge of movement in CSR including: CSR suppliers assessments, corrective action plans, supply chain risk mapping and buyer training.

S&OP, a vision for the future. The expert interview series #7

Supply Chain Trend

Currently as the Director of Supply Chain for Newell Brands Applied Materials, he oversees the SIOP process, production planning, procurement, warehousing, and logistics for servicing big box retailers including Walmart, Lowe’s, and The Home Depot. Introduction.

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GeSI partners with EcoVadis to drive sustainability in ICT industry supply chains

EcoVadis

Since the 1st version of E-TASC in 2007, GeSI fosters collaborative and innovative approaches to sustainability” declared Luis Neves, Chairman of GeSI “The EcoVadis platform will allow us to provide an easier to use collaboration platform, but also reliable ratings to ensure that Sustainability performance can be integrated into procurement decisions”.

7 Mini Case Studies: Successful Supply Chain Cost Reduction and Management

Logistics Bureau

In fact, during 2007 and 2008, Starbucks leadership began to have severe doubts about the company’s ability to supply its 16,700 outlets. Procurement analysis.

Why Is It So Hard to Find Good Help These Days?

Material Handling & Logistics

Further, if one does a Google search on data science groups in private industry, numerous large industry groups formed just since 2007 appear. Omni-channel begat sharing sourcing, procurement, allocation, deployment, inventory, and yes in many cases, distribution.

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Production of Lead-Acid Batteries Indefinitely Suspended in China

EcoVadis

In 2007 a detailed permission requirement on environmental factors was also published. Yet, one means to avoid collateral damage to the supply chain is to implement sustainable procurement systems cross-checks. Recently, Chinese authorities launched a national wide campaign to fight against the lead pollution of the battery industry in China.

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Green Sourcing for the Olympics

EcoVadis

It is well known that the London Organizing Committee has made Sustainability a core policy of the 2012 Olympic Games, since an ambitious 2012 Sustainability Plan was published in November 2007. What is new, is the profound impact this initiative will have on the Sustainable Procurement initiative of 1000’s of companies.