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. Procurement is what sets entire supply chains and their organisations in motion. How procurement handles itself and its activities set the tone for all the events that follow, right up to the final delivery of goods and services to the end-customer.

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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. In 2007 a Panamanian prosecutor announced that at least 94 people had died from taking cough medicine contaminated with toxic syrup. Second, the procurement of counterfeit product is often the result of an inadequate supply of authentic medicines.

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. It turns out that the use of the term “supply chain” accelerated in the late 1990s and took over “logistics” in 2007. 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. When EcoVadis started in 2007, our customers were pioneers: Sustainable procurement was an esoteric niche. All indicators show that sustainable procurement is becoming a ‘necessity’ for large enterprises.

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

Horsemeat Supply Chains

SCM Research

Unraveling the food supply chain: Strategic insights from China and the 2007 recalls The Journal of Supply Chain Management, 44 (1), 22-39 DOI: 10.1111/j.1745-493X.2008.00043.x. Practice Article China Procurement Supply chain complexity Supply Chain Management Food supply chains are affected by supply chain trends such as globalization, consolidation, and commoditization. Supply chain managers have eagerly sought to apply textbook knowledge to these supply chains.

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.

How to ride the Source to Pay Wave? 4 Lessons you can learn from Forrester

ivalua

While some still argue the point and there is some commentary in the S2C Wave about niche solutions being pulled in when non-procurement stakeholders are involved, the overall message is clear – suites have prevailed. Procurement leaders today see the value of suites and the market has responded. As a result, procurement leaders naturally consider integration capabilities when selecting their providers. Alex Saric, CMO, Ivalua.

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).

Lessons from the Latest Forrester Wave Reports

ivalua

While some still argue the point and there is some commentary in the S2C Wave about niche solutions being pulled in when non-procurement stakeholders are involved, the overall message is clear – suites have prevailed. Procurement leaders today see the value of suites and the market has responded. As a result, procurement leaders naturally consider integration capabilities when selecting their providers. Alex Saric, CMO, Ivalua.

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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. We would replace processes with insights and elevate procurement to a completely new level. Technology and the use of Big Data is allowing procurement and supply chain to increase transparency and automation.

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”.

Intalere Selects Consus & Ivalua to Drive Source to Contract Best Practices

ivalua

New York, NY March 30, 2020 – Consus , a leading procurement services provider, today announced that Intalere , a healthcare supply chain GPO based in St. Established in 2007, Consus is a leading procurement services provider operating across 9 countries. With over 200 customers across various industry verticals, Consus works closely with customers to deploy cloud based sourcing and procurement solutions.

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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Intalere Selects Consus & Ivalua to Drive Source to Contract Best Practices

ivalua

New York, NY March 30, 2020 – Consus , a leading procurement services provider, today announced that Intalere, a healthcare supply chain GPO based in St. Established in 2007, Consus is a leading procurement services provider operating across 9 countries. With over 200 customers across various industry verticals, Consus works closely with customers to deploy cloud based sourcing and procurement solutions.

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.

“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

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! What do we know about "Logistics" and "Supply Chain" to date?

Laerdal Medical Chooses Ivalua To Drive Efficiency and Compliance Across Its Global Organization

ivalua

Redwood City, CA – January 16, 2020 – Ivalua, a leading global spend management cloud provider, and OJC Consulting, recognised software solutions implementation and consulting provider, have been chosen to transform procurement operations at Laerdal Medical – a world leading provider of training, educational and therapy products for lifesaving and emergency medical care. Eliassen, Procurement Manager at Laerdal.

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2020 Requires Big Wings and Feet

Supply Chain Shaman

Ironically, inventory levels today are higher than they were in 2007; yet customer service levels issues abound. Most can only measure functional costs—transportation, manufacturing, and procurement. It has been awhile. After the Supply Chain Insights Global Summit , I took the time to recharge and took a month off from writing. The presentations from the Summit are posted now on the Supply Chain Insights You Tube Channel.

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!” by Joe Cannata Do you recall products such as VisiCalc, Lotus 1-2-3 and Quattro Pro? They were the names of very early versions of spreadsheets, which some claim, were the first killer apps for personal computing devices back in the 1970s-1980s.

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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”.

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.

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. Let’s imagine we are back in 2007 – and Kodak was focused on a project which sought how to compete with Wal Mart in a single use camera taking market share away from their camera. 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.”

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. As a chemical company buying and selling around the globe, it is important to utilize robust technology that automates processes across procurement, order fulfillment, and logistics, capturing data along the way, and analyzing trends and information across product, demand, and supply networks.

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] Not only were we not prepared, but our previous strategies had left us crippled by overseas supply chain dependencies, often accrued through the pursuit of low cost 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.

The worst Supply Chain practices must be confessed and not only by constraint

KEPLER Consulting

However, it is essential to react quickly in order to prevent harmful effects due to the overload of the operational system (Véronneau and Cimon, 2007) and also to preserve a certain agility in for the Supply Chain. One of the most common bottlenecks in supply chain management and burdensome processes (purchasing, procurement, preparation, etc.)

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.

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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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.

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. Most are clueless about driving a better-planned order flow from tactical planning to procurement or transportation planning or how to improve forecast-value-added (FVA) processes. For example, demand planning does not flow to procurement or transportation.

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.