Jaggaer

FEBRUARY 25, 2020

Procurement is at the core of many companies’ efforts to increase green practices. With such strong influence over company operations, purchasing teams have the opportunity to maximize impact. “Businesses saw over $1 trillion in financial impacts as a result of environmental risks as reported by suppliers.”

Procurement Analytics 71

Procurement Analytics Procurement Solutions Optimal Sourcing Sustainability 71

GlobalTranz

FEBRUARY 10, 2017

2017 will not be a bed of roses for third party logistics service providers, nor will the coming year be filled with thorns in the sides of major supply chain entities. By understanding how the industry will evolve throughout 2017, you can prepare your organization for the challenges and opportunities that will come.

Third Party Logistics 120

Third Party Logistics Logistics Network Optimization Software Procurement Analytics Purchasing Skills 120

EcoVadis

MAY 9, 2018

Direct purchasing by governments and state-owned enterprises accounts for 12 percent of GDP in OECD countries, and in the U.K. Sustainable public procurement can also be beneficial from the economic perspective: It can generate income, reduce costs and promote innovation among domestic producers. National Procurement Standards.

Manufacturing Procurement 60

Manufacturing Procurement Procurement Analytics Procurement Solutions Optimal Sourcing 60

Supply Chain Game Changer

NOVEMBER 15, 2018

Procurement professionals have the same question looming over their head on a daily basis: “How do you plan on dealing with digitalization?”. Recently I had the pleasure of attending EBG Network’s 8th Annual Source to Pay Summit, which gathered some of the Nordic’s largest organizations and procurement profiles. around the globe?—?and

Procurement Solutions 53

Procurement Solutions Procurement Analytics Optimal Sourcing Supply Chain Planning Software 53

Supply Chain Game Changer

NOVEMBER 17, 2018

Check out Procurement: The Spend Aggregation Obstacle Course! Aggregating your procurement spend for the purpose of delivering greater value is a sound objective. Theoretically you should be able to generate better service, better terms and conditions, and better cost. Subscribe Here! Email Address. Executive Sponsorship.

Procurement Analytics 52

Procurement Analytics Procurement Solutions Optimal Sourcing Procurement 52

Supply Chain Game Changer

MARCH 6, 2019

7 KPIs Your Procurement Team May Be Ignoring! But, when my mom was buying a new vehicle, she didn’t decide to scrap the vehicle from 1993 and purchase one from 1995. Procurement is a business function that has undergone a lot of change in the last few years. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer.

Manufacturing Procurement 50

Manufacturing Procurement Optimal Sourcing Procurement Solutions Procurement Analytics 50

GlobalTranz

FEBRUARY 6, 2017

Amazon’s purchase of Kiva Robots changed the landscape of robotics in the supply chain. Furthermore, the speed of operation of robots will increase more than 30 percent by the end of 2017. Clearly, robotics will become more important in 2017 than during any previous year. Technology Will Reshape Procurement Practices.

Supply Chain Planning Software 120

Supply Chain Planning Software Procurement Analytics Manufacturing Procurement Trends 120

Supply Chain Shaman

SEPTEMBER 23, 2016

As fall becomes winter, supply chain leaders are planning their budgets and building strategies for 2017. With this in mind, in this blog, I make an argument that we, as supply chain leaders, have screwed up direct material procurement. My goal is to have supply chain leaders consider a procurement redesign for 2017.

Material Savings 150

Material Savings Manufacturing Procurement Optimal Sourcing Vendor Strategies 150

Supply Chain Shaman

MARCH 12, 2019

The IT taxonomy for visibility is supply chain analytics. As you implement supply chain analytics and use control theory with well-defined reference data with clear bands for control, process improvement ensues. The team was seeking analytics to monitor process compliance. Visibility Maturity Model.

Prescriptive Analytics Software 173

Prescriptive Analytics Software Manufacturing Procurement Procurement Analytics Analytics Software 173

CormSquare

JANUARY 24, 2017

But the question is, what are the other main challenges in procurement being faced today? This survey was done on 324 senior procurement lea ders fr om 33 countries offering a deep insight into current procurement preoccupations. Cost Reduction. Unsurprisingly, number one on the list is Cost Reduction.

Procurement Solutions 50

Procurement Solutions Procurement Analytics Cost Reduction Strategies Purchasing Skills 50

Supply Chain Shaman

JUNE 23, 2020

I write for this blog, craft reports from research for our newsletters, create blogs for Linkedin, and build articles for Forbes. 11/2017 Logility acquires Halo for 9.3 Procurement and transportation operated as islands. Bring on new forms of analytics in a meaningful way… My Plea. Stay tuned.

Supply Chain Design Software 283

Supply Chain Design Software Supply Chain Planning Software Analytics Software Optimization Software 283

The Logistics & Supply Chain Management Society

FEBRUARY 15, 2021

Manufacturers can gather valuable granular data such as the time an item spent in storage, at what temperature, how long it took to sell, the length of time between purchase and fulfillment and how long it spent in transport. Advanced and predictive analytics. That’s an increase from 17% in 2017.

Supply Chain Planning Software 298

Supply Chain Planning Software Supply Chain Software Prescriptive Analytics Software Predictive Analytics Software 298

NC State SCRC

AUGUST 23, 2016

A new post discussed the development of a sustainable procurement standard developed by the International Standards Organization. It’s about time that the concept of sustainable procurement has a standard established around it. Reduce cost of purchased commodity by 10 percent in two years.

Procurement Analytics 40

Procurement Analytics Material Savings Waste Reduction Optimal Sourcing 40

Claritum

OCTOBER 3, 2017

Claritum Article - Procurement Blog. As featured in the ‘ The 10 Most Innovative Procurement Solution Providers ’ article published in the September 2017 Insights Success Magazine , Claritum discuss the drive for a New Wave of Easy-to-use Procurement Products…. A Leading Marketing Expert with Vast Experience.

Optimal Sourcing 32

Optimal Sourcing Procurement Solutions Manufacturing Procurement Procurement Analytics 32

EcoVadis

FEBRUARY 3, 2017

When EcoVadis started in 2007, our customers were pioneers: Sustainable procurement was an esoteric niche. Fast forward 9 years, and you find sustainable procurement is among the top priorities for over 93% of Chief Procurement Officers (CPO), and the demand is getting stronger every year. Destination: Growth!

Procurement Solutions 40

Procurement Solutions Procurement Analytics Optimal Sourcing Sustainability 40

Enterra Insights

APRIL 6, 2021

That’s where forecasting and predictive analytics come into play. Predictive analytics involve techniques like data mining and machine learning to predict future trends from past and current data. You might be asking yourself: What is the difference between traditional forecasting and predictive analytics?

Predictive Analytics Software 113

Predictive Analytics Software Predictive Analytics Analytics Software Modeling Software 113

Enterra Insights

JUNE 18, 2019

The blockchain has the potential to transform the supply chain and disrupt the way we produce, market, purchase and consume our goods. Cheng-Shorland explains, “Supply chain is driven in large part by the procurement process. Everything moves through the process based on the procurement contract.”

Manufacturing Procurement 100

Manufacturing Procurement Supply Chain Software Supply Chain Optimal Sourcing 100

Supply Chain Game Changer

APRIL 4, 2019

Where does Procurement stand in your organization’s Value Chain? I speak with Procurement, Sourcing and Purchasing professionals every day, from various globally functioning organizations, and there’s a resounding similarity in every one of those conversations…. Procurement is?—?still?—?largely Secondary: Procurement ?—?is

Procurement Solutions 60

Procurement Solutions Procurement Analytics Purchasing Skills Supply Chain Planning Software 60

Supply Chain Game Changer

NOVEMBER 28, 2018

Traditional notions of innovation are often that innovation is to be driven forward by the internal structure of an organization (Olsson 2017). In relation to collaborative supplier innovation, it is important that procurement and sourcing teams remember that the supplier is an equal party/partner in the collaboration.

Innovation 59

Innovation Procurement Analytics Resource Reduction Procurement Solutions 59

Enterra Insights

MAY 3, 2018

Consumers now take the digital path to purchase more often than not; but, they don’t care what retailers call their shopping journey or what strategies companies use to make the shopping journey a seamless one. ” Once a consumer completes his or her digital path to purchase (i.e., ’ They simply just shop.”[1]

Omnichannel 100

Omnichannel Procurement Analytics Supply Chain Design Software Analytics Software 100

SCMDOJO

AUGUST 16, 2023

The ability to analyze this data enables the retail giant to make informed decisions on product procurement, inventory management, and demand forecasting. One of the key elements of the EDLC policy is the direct procurement of items from suppliers, eliminating intermediaries in the process.

Inventory Reduction 74

Inventory Reduction Vendor Strategies Price Reduction Supply Chain Planning Software 74

Enterra Insights

JULY 31, 2019

Multinational enterprises deal with a dizzying array of paperwork involving procurement deals, purchase orders, shipping data, etc. ”[3] They go on to note, “A traditional ERP simply cannot keep pace with the rate of change and the need to innovate and optimize quickly, accurately, and cost-effectively. ”[5].

Supply Chain Planning Software 100

Supply Chain Planning Software Analytics Software Supply Chain Software Predictive Analytics Software 100

ivalua

JUNE 29, 2020

According to OECD and National Health Expenditure data, US healthcare spending per person was approx $10,224 in 2017. Ultimately, BSW was able to improve a key metric (Supply Expense as a % of Net Patient Revenue) and generate millions in savings. Most other developed countries are around 40-50% less than this. Share on Twitter.

Supply Chain Planning Software 219

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Optimal Sourcing 219

Enterra Insights

MARCH 29, 2018

” Consumers now take the digital path to purchase more often than not; but, they don’t care what retailers call their shopping journey or what strategies they use to make the shopping journey a seamless one. They do care about having a good experience. And in managing customers’ different information needs.”[3]

Omnichannel 100

Omnichannel Inventory Reduction Cost Reduction Strategies Manufacturing Procurement 100

Enterra Insights

FEBRUARY 13, 2019

Machine learning is providing the needed algorithms, applications, and frameworks to bring greater predictive accuracy and value to enterprises’ data sets and contributing to diverse strategies succeeding.”[1] Machine learning can prove useful all along the supply chain from procurement to production to marketing to after sales support.

Optimal Sourcing 124

Optimal Sourcing Columbus Procurement Analytics Predictive Analytics 124

Talking Logistics

JULY 19, 2018

The real-time freight visibility space was particularly hot in 2017, with two major acquisitions announced last year, including Descartes’s acquisition of MacroPoint in August 2017. Not only are you reducing the cost of purchasing transportation, you’re also [making fewer phone calls and using less labor] to find the truck you need.”.

Real-time Visibility 101

Real-time Visibility Capacity Procurement Analytics Logistics Network Optimization Software 101

Unleashed

JUNE 23, 2021

Inventory analytics goes mainstream. Accurately plotting costs based on live data. Improving efficiencies with data analytics. Connect IoT tech to your cloud software to input critical real-time data to analytics and other business systems. Inventory Analytics. Cloud technology accelerates. Inventory forecasting.

Inventory Management Software 80

Inventory Management Software Inventory Reduction Inventory Management Supply Chain Planning Software 80

Enterra Insights

AUGUST 14, 2019

. … Customer centricity is not just about offering great customer service, it means offering a great experience from the awareness stage, through the purchasing process and finally through the post-purchase process. Analytics can give companies deep insights into these aspects of their customers.”

Price Reduction 100

Price Reduction Inventory Reduction Optimal Sourcing Procurement Analytics 100

Supply Chain Game Changer

NOVEMBER 23, 2018

especially procurement and logistics?—?in It was reported in mid-June by Zion Market Research that global “blockchain technology in supply chain management marke t was valued at around USD 40.99 million in 2017 and is expected to reach approximately USD 666.61 million in 2017 and is expected to reach approximately USD 666.61

SCM 50

SCM Supply Chain Network Software Logistics Network Optimization Software Supply Chain Software 50

Supply Chain Game Changer

NOVEMBER 9, 2018

Check out Procurement Integrity Breach – A Sure Way to Get Fired! Early in my career I worked in a department that was responsible for the design,testing, sourcing and procurement of packaging materials. Check out Procurement (Part 3) – Supplier Collaboration is a Win-Win Strategy! Subscribe Here!

Purchasing Training 53

Purchasing Training Procurement Analytics Purchasing Skills Resource Reduction 53

Supply Chain Game Changer

AUGUST 13, 2020

Many supply chain, sourcing & procurement teams have been asked to row upstream without a paddle during this time of crisis. An organization with McDonald’s global footprint is likely able to apply global agile procurement frameworks, and solve supply-demand challenges more effectively during abnormal circumstances.

Agile and Lean Supply Chain 121

Agile and Lean Supply Chain Supply Chain Strategy Global Supply Chain Design 121

Freightos

NOVEMBER 11, 2021

More on Maersk’s transition to an end-to-end provider can be found in this 2020 report. On the horizontal carrier integration front, Maersk has doubled down on its extension from ocean consolidation (Hamburg Sud, 2017) to air cargo, increasing Maersk Air by 33% with three leased cargo planes and two new Boeing purchases.

Price Reduction 177

Price Reduction Logistics Network Optimization Software Cost Reduction Strategies Expense Reduction 177

Freightos

JULY 26, 2018

In his 2017 annual shareholder letter , Bezos lauded “divinely discontent” customers as innovation drivers. According to their 2017 annual report, over a quarter of Amazon’s third-party sales (which represent half of Amazon’s sales) are cross-border. That’s not surprising, given that Amazon’s shipping costs grew from $11.5

Logistics Network Optimization Software 134

Logistics Network Optimization Software Data Logistics Supply Chain Planning Software 134

Supply Chain Matters

SEPTEMBER 8, 2022

Procurement sourcing and tail spend solutions provider Fairmarkit announced the completion of a $35.6 Co-founded in 2017 by CEO Kevin Frechette, COO Tarek Alaruri, and CTO Victor Kushch, the company is headquartered in Boston, Massachusetts and has offices in New York and Poland. Fairmarkit Announces $35.6

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software Supply Chain Planning 52

Supply Chain Game Changer

NOVEMBER 19, 2018

And the reality is that Supply Chain must be cost-effective. Whatever your Industry you should be able to make comparisons to competitors, do benchmarking, and even compare yourself on key metrics across industries. From the inbound perspective he Supply Chain team typically procures raw materials, expedites their delivery.

Negotiating Skills 84

Negotiating Skills Cost Reduction Strategies Purchasing Skills Inventory Reduction 84

Requis

OCTOBER 10, 2019

Consumers follow emotional impulses to purchase a fun t-shirt or a cool gadget. Procurement managers are under a great deal of pressure to find what’s needed, and find it quickly and accurately. Procurement managers are under a great deal of pressure to find what’s needed, and find it quickly and accurately.

Purchasing Skills 40

Purchasing Skills Negotiate Pricing Supply Chain Design Software Buyer Training 40

Requis

OCTOBER 10, 2019

Consumers follow emotional impulses to purchase a fun t-shirt or a cool gadget. Procurement managers are under a great deal of pressure to find what’s needed, and find it quickly and accurately. Procurement managers are under a great deal of pressure to find what’s needed, and find it quickly and accurately.

Purchasing Skills 40

Purchasing Skills Negotiate Pricing Supply Chain Design Software Buyer Training 40