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

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

MARCH 12, 2019

The IT taxonomy for visibility is supply chain analytics. As a result, when I was a Gartner analyst and technology providers would provoke me to write a Magic Quadrant on visibility solutions, I would laugh. The team was seeking analytics to monitor process compliance. Visibility Maturity Model. Supply chains are complex.

Prescriptive Analytics Software 176

Prescriptive Analytics Software Manufacturing Procurement Procurement Analytics Analytics Software 176

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 Varied Range of Unparalleled Solutions.

Optimal Sourcing 32

Optimal Sourcing Procurement Solutions Manufacturing Procurement Procurement Analytics 32

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

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

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

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 76

Inventory Reduction Vendor Strategies Supply Chain Planning Software Price Reduction 76

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

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

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. is what drove the first wave of demand for real-time freight visibility solutions.

Real-time Visibility 102

Real-time Visibility Capacity Procurement Analytics Logistics Network Optimization Software 102

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

Supply Chain Shaman

NOVEMBER 27, 2016

While many technology companies have co-opted the network of networks message, today there is no interoperability between network solutions. The SAP acquisition of Ariba slowed innovation and the purchase, and then the failed promise of investment in Crossgate was disappointing to SAP supply chain business users. Definitional Image.

Supply Chain Design Software 150

Supply Chain Design Software Supply Chain Planning Software Trends Prescriptive Analytics Software 150

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

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

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

Enterra Insights

SEPTEMBER 29, 2021

The pandemic changed everything and reports (mostly bad) about supply chain operations and challenges are now liberally scattered amongst other news stories. Wong and Steinberg report, “Change in consumer demand is accelerating. At Enterra Solutions ®, we call this concurrent planning. Concluding Thoughts.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Planning 130

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 133

Logistics Network Optimization Software Data Logistics Supply Chain Planning Software 133

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

SCMDOJO

APRIL 3, 2022

eAuctions are online real-time dynamic discussions between one purchasing organization and a group of pre-qualified vendors competing for the purchaser’s trade. Throughout a genuine and collaborative cooperation with business vendors, they produce innovative approaches to current procurement difficulties.

Vendor Strategies 139

Vendor Strategies Negotiating Skills Price Reduction Purchasing Skills 139

Unleashed

FEBRUARY 8, 2023

James Ewing: Procurement Manager at Renewable Parts Ltd. In South Africa, there are a lot of third-party fulfilment companies , so costs were going up with them.” Below are five effective solutions extracted from the roundtable conversation to help manufacturers maintain healthy cash flow despite capricious supply chains.

Manufacturing Procurement 98

Manufacturing Procurement Supply Chain Planning Software Optimal Sourcing Supply Chain Software 98

Supply Chain Shaman

MARCH 3, 2018

Through digital marketing, small brands are cropping up all over, and it is sentiment analysis and digital content driving purchases. Instead, companies need to build it into digital process redefinition like digital path-to-purchase, digital procurement, digital agriculture, digital manufacturing or digital service.

Supply Chain Design Software 152

Supply Chain Design Software Manufacturing Procurement Network Design Software Supply Chain Planning Software 152

Jaggaer

JULY 25, 2019

Procurement is central to the profitability of organizations in all industry sectors. Given the value that procurement delivers, you would think that the function is ripe for digital transformation. Our 2019 Digital Procurement Survey, Di gital Transformation in Procurement: How Close Are We? Why is this?

Procurement Analytics 45

Procurement Analytics Optimal Sourcing Procurement Solutions Procurement 45

Enterra Insights

NOVEMBER 5, 2018

By December, 2017 had seen 26 major retail bankruptcies (defined in this case as companies with more than $50 million in liabilities).”[1] shoppers still prefer to make most of their purchases in-store.” It comes down to how you manage your inventory, your channel attribution, how you think about in-store analytics.

Retail 100

Retail Supply Chain Planning Software Analytics Software Forecasting Software 100

USC Consulting Group

DECEMBER 5, 2018

This holiday season, American consumers are expected to spend more than $720 billion , an increase of nearly 5 percent over sales figures from 2017, according to the National Retail Federation. and China , a conflict that has complicated raw material procurement practices, Logistics Management reported.

Manufacturing Procurement 56

Manufacturing Procurement Optimal Sourcing Sourcing Strategies Manufacturing 56

Precoro

AUGUST 9, 2022

Founded in early 2017 and in partnership with entrepreneurs, industry, and leading academics, Ridgeline has already created and managed several successful companies, including Black Diamond Therapeutics, Monte Rosa Therapeutics, and Bright Peak Therapeutics , which now operate independently. Ridgeline's Initial Procurement Process.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Optimal Sourcing Waste Reduction 52

Logistics Bureau

JANUARY 7, 2020

Conversely, just 8% of businesses with less capable supply chains report above-average growth. 2) According to a 2012 report into corporate insolvencies by the Australian Securities and Investments Commission, 44% of businesses in Australia failed because of poor strategic management. Procurement costs.

Inventory Reduction 101

Inventory Reduction Cost Reduction Strategies Supply Chain Design Software Vendor Strategies 101

Infosys Supply Chain Management

APRIL 8, 2014

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. Discuss the latest trends and solutions across the supply chain management landscape. » Impact of SMAC on Enterprise Software Applications. Business Process Outsourcing. Customer Service. Human Resources.

Analytics Software 35

Analytics Software Supply Chain Network Software Supply Chain Planning Software Predictive Analytics Software 35

Supply Chain Shaman

DECEMBER 4, 2018

For the past five years, the team at Supply Chain Insights identified Supply Chains to Admire Award Winners by analyzing performance by peer group on the key metrics of growth, operating margin, inventory turns and Return on Invested Capital (ROIC). Diversified Industry Performance For the Period of 2010-2017. Meet Ernest.

Supply Chain Software 33

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Manufacturing Procurement 33

Enterra Insights

MAY 31, 2019

Cognitive solutions, like the Enterra Shopper Marketing and Consumer Insights Intelligence System , can leverage all types of consumer data to provide high-dimensional consumer, retailer, and marketing insights. Invest in technology and analytics. ” Concluding thoughts. Consumers have quickly adapted to the new digital landscape.

Price Reduction 100

Price Reduction Cost Reduction Strategies Sourcing Strategies Omnichannel 100

Supply Chain Shaman

DECEMBER 4, 2018

For the past five years, the team at Supply Chain Insights identified Supply Chains to Admire Award Winners by analyzing performance by peer group on the key metrics of growth, operating margin, inventory turns and Return on Invested Capital (ROIC). Diversified Industry Performance For the Period of 2010-2017. Meet Ernest.

Supply Chain Software 30

Supply Chain Software Case Study Supply Chain Planning Software Supply Chain Design Software 30

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

NC State SCRC

NOVEMBER 6, 2017

The Supply Chain Resource Cooperative held its first ever “Executive Roundtable on Excess and Obsolete Inventory” on the NC State campus on October 25, 2017. Ensure that engineers are more aware of how design parts left over at the end of the product life cycle will consume working capital, and train them on these costs.

Inventory Reduction 58

Inventory Reduction Forecasting Inventory Supply Chain Design Software 58

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

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 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