A Tale of Two Procurement Books: Cox’s Sourcing Portfolio Analysis (Cox) & Strategic Sourcing in the New Economy (Keith et al.)

Supply Chain View from the Field

A new face of procurement is emerging which is recognizing that a new set of value drivers must be developed in the face of massive environmental changes. Some of the emerging views on the “future of procurement” focus on the importance of being a strong internal consultant, the importance of building relationships, coaching suppliers, post-award contract management, and relational contracting. Vested is a Sourcing Business Model in.

Green Sourcing for the Olympics

EcoVadis

What is new, is the profound impact this initiative will have on the Sustainable Procurement initiative of 1000’s of companies. The Organizing Committee has just issued today a very ambitious “Olympics Sourcing Code” ‘ (access here ) which will apply to all products and service providers.

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When is it Time to Invest in Procurement Technology?

Jaggaer

Or it may be an executive mandate driven by a leadership change or the arrival of an individual who understands the earnings contributions or growth that a well-run procurement organization can deliver to an enterprise. The financial meltdown of 2008 provided a further impulse.

Andrew Cox’s “Sourcing Portfolio Analysis”: More of the Same

Supply Chain View from the Field

Against the many new articles and books being produced on the changing face of procurement and the importance of value creation and collaboration, Andrew Cox’s new book “Sourcing Portfolio Analysis” came out earlier this year. The book is essentially a series of prescriptive 2 X 2 and 8 X 8 matrices that establish different typologies for supplier segmentation, that ostensibly can lead to improved sourcing outcomes.

Public Purchasing and Green Transport

EcoVadis

Transport activities are a major source of pollution and green house gases (GHG). This is reason why the European Union has long been promoting green procurement in public purchasing. See link on the European Union guidelines on the green procurement of transport services and buses ( click_here ). In that context, Boris Johnson, the new mayor of London, has then decided to go for green procurement when reintroducing the Routemasters.

The Procurement Economy in 2019: Bracing Yourself for the Future

Jaggaer

As we’ve explored in our last two blog posts, economists are predicting a decline in global economic growth due to policy and trade issues both in the United States and the European Union , bringing an increased risk to supply chains and procurement organizations. Research on supply chain following the 2008 economic recession found that supply chain executives took several major steps to deal with the decline, each of which is particularly relevant as we enter 2019.

DPS: An Answer to Public Procurement Burdens?

Jaggaer

On the one hand, public sector procurement needs to comply with a variety of local, national and federal rules. Virtually all procurement professionals have been under pressure to “do more with less,” the demand is particularly intense in public procurement.”.

Becoming a Valued Busienss Partner: Procurement Analytics SCRC Meeting Insights

NC State SCRC

After highlighting some of the results from the IBM study I worked on this past fall on procurement analytics, I introduced Rich Hughes, former Chief Procurement Officer from Procter & Gamble. Rick told me that my presentation brought back a lot of early memories from P&G back when it was in its early days of procurement transformation in 2000-2001. We needed to digitize as many of our source to pay processes as we possibly could.

Navigating COVID-19: Mid-term Procurement Strategies for a Managing the Crisis

Jaggaer

Procurement teams can lead the way in building a robust system into the future. This should serve as a wakeup call for procurement teams to take a look at the clauses in their contracts. Procurement and legal teams need well prepared, highly organized document management systems to systematically look at force majeure clauses are written. supplychain #sourcing [link] pic.twitter.com/40kHrnlbvY. Finally, look for new sources of supply now, before you need them.

Boston Procurement Leaders part 3: Talent Management Challenges

Supply Chain View from the Field

One of the most interesting panels from the Boston Procurement Leaders conference was focused on Talent Management. Ken worked as an engineer and in procurement at Rockwell and then as head of procurement for the Xbox division at Microsoft. He shared with us what is happening in the procurement talent space: “What I was hiring for 10 years ago is very different for what I am hiring for now.

Supplier Financial Health: Don’t Wait for the Worst, Reach out and Talk!

Supply Chain View from the Field

Traditional methods of supplier risk mitigation involve diversifying risk, multiple sourcing, or switching suppliers, which are not effective in situations where entire regions, industry segments, or supply chains are experiencing financial distress. BRIC Supply Chain Procure to Pay Strategic Sourcing Supplier Relationship Management Supply Chain Management Supply chain Relationships Supply Chain Risk Working Capital Management

Supply Chain Management:Infosys team at Pulse 2012 - Day 0

Infosys Supply Chain Management

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. Though I have attended all Pulse events since its inception in 2008 (last year I gave it a miss), it still looks new every year. The first Pulse event in year 2008, after MRO acquisition, was more of an extension of earlier MRO world or Maximo world event, hence was mainly Maximo focused. Procurement Blog. December 2008.

Spend Analytics in the Federal Acquisition Sector

Supply Chain View from the Field

Acquisition in the federal government has been identified as a major source of potential savings in the future, as in the private sector, but a recent set of workshops and interviews identified some major challenges that exist. First, the majority of data exists in a database called FPDS, or the Federal Procurement Data System, which was created in 1979. In 2008, the Office of Management and Budgets created the database USAspending.gov.

JAGGAER Webinar with Accenture Strategy and Attijariwafa Bank Case Study: Accelerating Trust in Banking – Internal, Suppliers and Customers

Jaggaer

He was joined by Youness Taghrichte, Head of Procurement at Attijariwafa Bank, together with Richard Hogg, VP Northern Europe, JAGGAER, and Javier Lopez, Senior Value Engineer, JAGGAER. Attijariwafa Bank has successfully implemented a source-to-contract solution with the JAGGAER ONE platform.

A “Swiss Army Knife” of Supply Chain Talent Requirements: Views from a Former Wolfpack Student

NC State SCRC

Stuart William was in one of my former MBA classes at NC State in 2008, and graduated into one of the worst economies ever in May of 2009. Relationship management, data modeling, problem solving, sourcing analysis, negotiation, data-driven decision-making, metrics development, forecasting, process flow, BOM understanding, MRP/production schedule, Pareto analysis, and information presentations are all key skills that he applies in his CPO role.

Outsourcing: The Good, the Bad, and the Ugly – Lessons from Nortel Networks

NC State SCRC

Jeff Townley, former Chief Procurement Officer at Nortel Networks, provided some fantastic insights in my MBA class this evening. ” The UGLY – “Nortel went to Chapter 11 in 2008. Business Process Outsourcing Design for Supply Chain Outsourcing Strategic Cost Management Strategic Sourcing Supply Chain Innovation Supply Chain ManagementIn so doing, he shared some great insights about “Outsourcing: The Good, The Bad, and the Ugly.”

Healthcare Has Fallen Down and Can’t Get Up: Get Your Own Spend Cube!

Supply Chain View from the Field

In today’s environment, hospitals continue to outsource their sourcing capabilities to a national or regional group of Group Purchasing Organizations (GPO’s), who claim to obtain leveraged savings for groups of large commodities. My research points to the fact that healthcare is well behind most industries when it comes to the maturity of their procurement and spend management activities. Boca Raton, FL: Auerbach; 2008. [2]

Can Blockchain become the solution for anti-counterfeiting and chain of custody?

NC State SCRC

It was in October 2008. As Spend Matters Pierre Mitchell notes , there can be value realized in 1) the elimination of redundant data maintenance activities across the supply chain, 2) the reduction in PO or AP mismatch issues on the transaction side and 3) ease of access to a wider and more universal sales/sourcing network that is not closed to participants based on membership and network fees.

Supply Chain Management:Importance of Proactive Master Data.

Infosys Supply Chain Management

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. In my current project about a year ago, North America region Supply Chain Planners were having major concerns related with flawed planning resulting from incorrect or no Source of Supply (SoS) for receipt elements such as Purchase requisitions &/or Planned orders. Procurement Blog. Sourcing,Procurement,Contract & Spend Management (38).

SCM 26

SanDisk’s Story of Customer Segmentation Strategies Using Inventory Postponement

Supply Chain Shaman

Source: Dictionary.com. I find that in this world of the global multi-national that procurement processes have become convoluted and increasingly complex. (In In my opinion, we have made procurement increasingly complex without adding value. In my research, I find that the companies with the most progressive procurement processes also have the most advanced customer supply chain process evolution.)Without

Oil & Gas Companies Focus on Eliminating Supply Chain Waste

Talking Logistics

As the table below shows, back in 2008, the U.S. Source: “The Future of Natural Gas: An Interdisciplinary MIT Study,” [link]. In a recent webcast titled Critical Transportation Challenges in the Oil, Gas, and Petrochemical Supply Chain , Florian Dussler (VP of Americas at TRANSPOREON Group ) and I discuss this topic in more detail, including the core TMS capabilities companies should look for in a solution to begin their journey up the maturity curve: Procurement.

What Exactly is Blockchain? And How Does it Work? (Infographic)

Supply Chain Game Changer

The term “Blockchain” was first coined by Satoshi Nakamoto in 2008 as the name for the electronic transaction ledger to be used in support of the cryptocurrency Bitcoin. Source: [link]. Source: Wikipedia [link]. Source: [link]. Source: [link]. ” Source: [link]. Source: [link]. ” Source: [link]. Selected as one of the Top 75 Supply Chain Blogs, and one of the Top 25 Procurement Blogs, on the Internet.

Why investors are looking at supply chain technologies in 2020

Requis

Insiders joke (quite fairly, as it turns out) about billion-dollar procurement-management-disposition cycles that are managed in spreadsheets. In the procurement space, what I want to be able to assess is risk management.

Sustainable Logistics: Quantifying Sustainability Measures of Your Logistics

Cerasis

This sustainability effort has carried innovation and implementation costs which have been gradually offset with procurement and operational savings. The volume of product damage occurring in between manufacturing and retail is substantial - a 2008 study by Deloitte estimated “unsaleable” product cost manufacturers $15 billion annually or 1-2% of gross sales. Calculating the carbon footprint of a company’s comprehensive logistics framework is tremendously complex.

3 ways supplier diversity in supply chain can positively impact your business

DELMIA Quintiq

The Atlanta-based company demonstrated that companies focusing “heavily on supplier diversity” generated a 133% greater return on procurement investments than the typical business. These companies spent an average of 20% less on their buying operations, and the number of their procurement staff is less than half of their peers who do not have supplier diversity programs in place. More than just charity.

6 Common Supply Chain Mistakes and How to Resolve Them

AFFLINK

The cost of recovery from a disruption in procurement management depends on factors such as supply source, volume, manufacturing location and inventory. Supply chains that rely on a single source are now more likely to experience disruptions. Supplies without an alternate source can become a single point of failure for the supply chain. For example, a part that a manager believes is dual-sourced may actually be single-sourced one or more levels up the supply chain.

Building Recession-beating Supply Chain Resilience & Agility

Unleashed

The last global recession was in 2008, leading some economists to believe the next one is overdue. Source. Source. Introduce digital procurement technology. Source. One best practice is to identify which suppliers offer components that go into a high percentage of revenues and are a single source that no one else can supply.

Japan 53

Easier than reducing carbon footprint – 5 Steps to make a dent in the Huge and Hidden Cost of CPG Sustainability

Cerasis

This sustainability effort has carried innovation and implementation costs which have been gradually offset with procurement and operational savings. The volume of product damage occurring in between manufacturing and retail is substantial - a 2008 study by Deloitte estimated “unsaleable” product cost manufacturers $15 billion annually or 1-2% of gross sales. Calculating the carbon footprint of a company’s comprehensive logistics framework is tremendously complex.

Why the Outlook for the Oil and Gas Market is Brighter than You Think

Requis

There have been several downturns in recent years, particularly in 2016 (which really originated in 2014-2015), 2008, and of course 1998. I’ve personally seen numerous disposition clients adopt Requis for asset management and procurement because it’s so easy to use. In this article: What’s changing in oil and gas (in asset sales and beyond), and why the long-term outlook for the industry is positive. How supply chain has changed over the years.

6 Manufacturing Trends to Watch Out for in 2016

Cerasis

Between 2005 and 2008, the average annual number of robots sold was about 115,000 units. With an estimated skills gap in manufacturing estimated to be 2 million unfulfilled jobs by 2025 , manufacturing companies will promote the use of such advanced technologies to bridge the skills gap and attract millennials and procure the talent that typically goes to Silicon Valley. As we close the year of 2015, we want to take a look at some manufacturing trends for 2016.

Trends 191

Google Will Acquire a 3PL – And Other Supply Chain and Logistics Predictions for 2015

Talking Logistics

made that prediction in 2008 (see the Barron’s article What $300-a-Barrel Oil Will Mean for You ). Brent crude oil prices Dec 2009 – Dec 2014 (Source MoneyAM.com). At an MIT conference last year, Tom Linton, Chief Procurement and Supply Chain Officer at Flextronics, presented his top 10 list of supply chain trends. “We will see $300 a barrel — or roughly $250 in today’s dollars — because oil supply will be so short.

3PL 207

Supply Chain Management:Gamification - An EAM perspective

Infosys Supply Chain Management

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. Procurement Blog. Sourcing,Procurement,Contract & Spend Management (38). December 2008. November 2008. October 2008. September 2008. About Us. Contact Us. Newsroom Investors Careers. Infosys Labs. Industries. Industries. Aerospace and Defense. Airlines. Automotive. Communication Services.

Supply Chain Management:Managing After-Sales Service by.

Infosys Supply Chain Management

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. Read more on our article in Spend Matters , a global content community dedicated to examining a range of procurement and supply chain issues. Procurement Blog. Sourcing,Procurement,Contract & Spend Management (38). December 2008. November 2008. October 2008. September 2008. About Us. Contact Us.

Supply Chain Management:Why not WMS App? - Infosys Blogs

Infosys Supply Chain Management

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. It does away with difficult and costly upgrades, without any risk of source code modification. Procurement Blog. Sourcing,Procurement,Contract & Spend Management (38). December 2008. November 2008. October 2008. September 2008. About Us. Contact Us. Newsroom Investors Careers. Infosys Labs.

Supply Chain Management:Maintenance Practice- A standard to be.

Infosys Supply Chain Management

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. They tend to seek help from external sources and expect these sources tell them on what they could do best.But the fact is, such standards is of less help and even best practices sometimes doesnt make a good sense of things. Procurement Blog. Sourcing,Procurement,Contract & Spend Management (38). December 2008.