Supply Chain Game Changer

NOVEMBER 26, 2018

Check out Procurement Report Card: Most Executives Think Procurement Isn’t Strategic Enough! Looking back on the training process, our research, strategy, implementation and evaluation methods closely mirrored supplier relationship management and procurement management. Subscribe Here! Email Address.

Procurement Analytics 43

Procurement Analytics Optimal Sourcing Procurement Purchasing Skills 43

Logistics Bureau

NOVEMBER 14, 2018

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.

Procurement Analytics 63

Procurement Analytics Optimal Sourcing Procurement Solutions Pricing Training 63

NC State SCRC

APRIL 6, 2019

Lots to think about here… and also a great precursor to our upcoming SCRC meeting on the interaction between marketing and procurement. Contract management is a key stage within the strategic sourcing process. Another inclusive technological option for contract management is a document management system.

Supply Chain Design Software 58

Supply Chain Design Software Supply Chain Software Negotiating Skills Optimal Sourcing 58

Enterra Insights

JUNE 11, 2018

.”[1] What Potts discovered was that people living near the lake used tools made from obsidian and the nearest source of that stone was over a hundred miles away. The amount of obsidian discovered near the lake makes it unlikely the local population was self-sourcing. ” Supply Management , 4 April 2018. [2]

Supply Chain Planning Software 113

Supply Chain Planning Software Optimal Sourcing Supply Chain Software Supply Chain Optimization 113

Supply Chain Game Changer

NOVEMBER 23, 2018

Check out What is Virtual Procurement and Why Should You Care? Procurement is an integral part of any company in any industry. Jill is a true, seasoned leader and expert in Procurement. She offers Procurement services which anyone seeking help in any aspect of this area of Supply Chain must seriously consider.

Negotiating Skills 80

Negotiating Skills Purchasing Skills Optimal Sourcing Procurement Solutions 80

Supply Chain Game Changer

MAY 12, 2021

Featuring Our 12 Best Procurement Articles! Emerging procurement theory suggests that creating win-win situations within buyer and supplier agreements are the best ways to create long-lasting, engaging, creative, collaborative, and innovative partnerships. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer.

Negotiating Skills 69

Negotiating Skills Negotiate Pricing Buyer Training Expense Reduction 69

Supply Chain Game Changer

JUNE 10, 2020

We make buying decisions and investments on a daily basis, in our private lives, based upon a plethora of information, insights & data sources. For risk management, stakeholder management, category management, and information sharing, that figure rises to more than 70%” (Bain & Company 2018). Think I’m full of bologna?

Procurement Solutions 56

Procurement Solutions Procurement Analytics Eliminating Excel in Purchasing Optimal Sourcing 56

HICX Solutions

JANUARY 29, 2020

Examples of activities that can be made more efficient and less time-consuming include: Looking for missing supplier documents. Training on supplier systems due to high turnover in procurement/AP. Calling suppliers due to missing email addresses/phone numbers. Looking up bank account information. Researching supplier contracts.

Material Savings 52

Material Savings Cost Reduction Strategies Resource Reduction Optimal Sourcing 52

Unleashed

OCTOBER 27, 2020

Medical device manufacturers and distributors – whether they’re selling tongue depressors or sophisticated diagnostic machinery – need robust and well-documented quality management systems in place. These are medical products that deliberately/fraudulently misrepresent their identity, composition or source.

Manufacturing Procurement 105

Manufacturing Procurement Supply Chain Design Software Manufacturing Inventory Management Software 105

Jaggaer

JULY 21, 2020

Many tasks in procurement are repetitive, tedious, time-consuming and, when performed by humans, highly error prone. They absorb precious time – time that could be spent on more important strategic tasks that add value to the organization and make work more satisfying and rewarding for a procurement professional. Download it now.

Manufacturing Procurement 102

Manufacturing Procurement Procurement Solutions Optimal Sourcing Procurement 102

DynaSys

DECEMBER 8, 2021

And since end of 2018, ESSILOR merged with LUXOTTICA, the World Leader of Luxury and Sports Eyewear. These difficult events allowed us to extend our S&OP with the materials procurement department, which is now a strength. Does it mean you have included the sourcing and procurement departments in your global S&OP meetings?

S&OP 52

S&OP Supply and Demand Supply Chain Planning Software Material Savings 52

NC State SCRC

JANUARY 18, 2018

In a prior post on 2018 supply chain predictions, I shared how NC State’s Poole College of Management engages directly with industry through student-led projects. The students will review and document the current geography allocation process for Surplus/excess, Overage and Unconsumed Purchase parts inventory (SOUP).

Vendor Strategies 40

Vendor Strategies Optimal Sourcing Inventory Reduction Resource Reduction 40

Precoro

FEBRUARY 4, 2022

According to a Paystream 2018 Procurement Insights report, 80% of organizations still use manual or semi-digital tools to manage their procure-to-pay cycle. Most organizations are using the procurement module integrated with their ERP or accounting software. What is Procure to Pay? Procure-to-Pay Definition.

Procurement Solutions 98

Procurement Solutions Procurement Analytics Optimal Sourcing Procurement 98

Supply Chain Game Changer

NOVEMBER 17, 2018

The biggest career transformation for me was after leaving Dell when I joined Lucent in 2002 and entered supply chain in technology sourcing. The first huge project I was part of at Dell was our transformation from paper documents in the computer boxes for businesses to what we called E-Docs for electronic documentation.

Gartner 74

Gartner Manufacturing Procurement Optimal Sourcing Supply Chain Software 74

HICX Solutions

MAY 7, 2020

Ask anyone in procurement to name their biggest challenge, and the answer is usually the same: data. This was certainly true at AutoNation , the giant auto retailer that in 2018 sold Americans more than $16 billion worth of vehicles. Single source of truth for suppliers. AutoNation is a complex business.

Sourcing Strategies 40

Sourcing Strategies Sourcing Data Negotiating Skills 40

Supply Chain Brain

JULY 16, 2018

They were part of a larger report, Accenture Technology Vision 2018 , which covered 18 industries. Schmidt cites the example of an electronics supplier that was participating in a classified government procurement program. So why is A&D so bullish on blockchain?

Supply Chain Design Software 40

Supply Chain Design Software Supply Chain Planning Software Modeling Software Demand Planning Software 40

Precoro

AUGUST 9, 2022

Andrew Jefferson, COO at Ridgeline, and Isabel Göller, Finance Manager, were kind enough to share their experience optimizing the purchasing process using the Precoro procurement solution. Before joining Ridgeline in 2018, Andrew was Vice President of Business Development at Roche Molecular Solutions in Pleasanton, CA. Why Precoro?

Procurement Solutions 52

Procurement Solutions Procurement Analytics Optimal Sourcing Waste Reduction 52

Enterra Insights

JANUARY 10, 2019

He explains, “It’s what they call ‘swivel chair’ work — clicking on multiple systems, getting data from one source and putting it into another, where people are actually stuck four or five hours a day just doing this boring, manual nonsense.”[4] It migrates documents, spreadsheets and other important files.”

Supply Chain Network Software 100

Supply Chain Network Software Optimization Software Optimal Sourcing Sourcing Strategies 100

Resilinc

MAY 31, 2022

Electrical machinery and electronics is Malaysia’s largest export category, and the nation of 33 million people is an important source of assembly, test, and packaging (ATP) for the semiconductor industry. But losing economical sources of palm oil and rubber products could have serious impacts on revenue and margins.

Malaysia 62

Malaysia Purchasing Skills Sourcing Price Reduction 62

The Logistics & Supply Chain Management Society

NOVEMBER 15, 2021

Another study from the Dreary Report from 2018, states that inefficiencies, pain points and lack of automation in the maritime industry result in costs adding up to a staggering $34.4 It is clear that complex, manual payment processes are critical sources of costly mistakes and over billing.

Study 246

Study Forecasting Software Freight Logistics Network Optimization Software 246

Bristlecone

AUGUST 17, 2020

In the 2018 book Factfulness , Swedish statistician and author Hans Rosling, together with his son Ola Rosling and daughter-in-law Anna Rosling Rönnlund, suggest that the vast majority of human beings are wrong about the state of the world. I wonder if the Roslings would still stand by their 2018 description of the world. The Gap Year.

Optimal Sourcing 98

Optimal Sourcing Modeling Scenario Planning Manufacturing Procurement 98

Supply Chain View from the Field

SEPTEMBER 3, 2015

However, each of these firms expressed that they would benefit from more direct discussions with the BioPreferred Program to find ways to increase the utilization of the label as a default “indicator” to be used in life cycle assessment (LCA) programs similar to the use of sustainable sourced forestry products.

Manufacturing Procurement 60

Manufacturing Procurement Chemicals Supply Chain Design Software Purchasing Skills 60

Material Handling & Logistics

JUNE 8, 2018

The 100 Best Corporate Citizens list documents 260 data points of disclosure and performance measures in seven categories: environment, climate change, employee relations, human rights, governance, finance, and philanthropy & community support. . . Also in 2017, 76% of the company’s 10 priority ingredients were sustainably sourced.

Waste Reduction 40

Waste Reduction Company Manufacturing Procurement Material Savings 40

Enterra Insights

MAY 7, 2018

” McKendrick adds, “Blockchain technology can help alleviate many of these frictions, ‘including procurement, transportation management, track and trace, customs collaboration, and trade finance’ ” Dante Disparte ( @ddisparte ), founder and CEO of Risk Cooperative, agrees with McKendrick and the Accenture/DHL report.

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply Chain Network Software 100

Enterra Insights

MAY 7, 2021

With so many points in space, and all points connected to each other via heavily encrypted chains, each addition is made from a validated source that is a trusted part of the network. That said, long distances, numerous parties, large volumes of documents and data, and mutual trust can be optimally mapped digitally with blockchains.

Gartner 130

Gartner Optimal Sourcing Supply Chain Software Supply Chain Optimization 130

Enterra Insights

JUNE 13, 2018

The cited passage reads, “Most CEOs continue to ignore supply chain management and sourcing. In the best companies, she explains, “The focus is outside-in, from the customer back, and demand-orchestrated across the silos to guide procurement decisions. In these organizations, demand is not managed as a functional process.

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Agile and Lean Supply Chain 100

Supply Chain Game Changer

NOVEMBER 23, 2018

especially procurement and logistics?—?in million by 2024, growing at a CAGR of 49.16% between 2017 and 2024” ( globalnewswire.com 2018 ). For this reason, blockchain technology has been viewed as the perfect match for business application within procurement and logistics. Source: Accenture. Source: Accenture.

SCM 50

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

HICX Solutions

APRIL 16, 2021

billion by 2025, representing an increase of over 20% from 2018. Supplier Information Management (SIM), underpinned by MDM, is therefore leading the digital transformation in Procurement. Underlining its importance, a Market Study Report forecasts that the total MDM market will reach USD 57.7 Why Master Data Management (MDM) matters.

Analytics Software 95

Analytics Software Forecasting Software Predictive Analytics Software Optimization Software 95

HICX Solutions

APRIL 16, 2021

billion by 2025, representing an increase of over 20% from 2018. Supplier Information Management (SIM), underpinned by MDM, is therefore leading the digital transformation in Procurement. Underlining its importance, a Market Study Report forecasts that the total MDM market will reach USD 57.7 Why Master Data Management (MDM) matters.

Analytics Software 52

Analytics Software Forecasting Software Predictive Analytics Software Optimization Software 52

Logistics Bureau

DECEMBER 9, 2019

I was a little late getting started in 2018, and we were already into 2019 when I got round to publishing my usual trends article. International shipping is complicated, and documentation requirements hard to understand. This year I decided to start early, but where to begin?

Logistics Network Optimization Software 96

Logistics Network Optimization Software Supply Chain Software Trends Agile and Lean Supply Chain 96

6 River Systems

JANUARY 10, 2019

Keep in touch with cross-functional colleagues. “Whether you’re in procurement, supplier quality, production control or logistics, supply chain is only one ingredient in the pie of successfully bringing a product to market. Secondary and contingent supplier planning. Building and maintaining relationships in your supply chain.

Optimal Sourcing 61

Optimal Sourcing Negotiating Skills Negotiate Pricing Pricing Training 61

6 River Systems

JULY 25, 2019

Companies have been in a “wait and see” mode for the last three to six months with regard to this, and now their procurement and supply chain leadership are being forced to find new and creative ways to handle the purchasing and movement of goods on a global scale.

Supply Chain Planning Software 96

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Strategy 96

Provenance

AUGUST 13, 2018

Lack of standardised sustainability reporting makes it difficult to compare sustainability performance between source mines, set sustainability targets and reward best practice. In other words you cannot physically differentiate a sustainably sourced REE from a non-sustainably sourced REE without the use of tagging.

Modeling Software 56

Modeling Software Supply Chain Design Software Demand Planning Software Supply Chain Network Software 56

IQMS

MAY 1, 2018

Bottom Line: Manufacturers are reaching a new level of results in 2018 because they have clearer, more actionable insights based on real-time manufacturing and quality metrics than ever before. Many manufacturers evaluate this metric every 90 days with all suppliers to evaluate relative quality levels by product and sourcing area.

Manufacturing Procurement 56

Manufacturing Procurement Metrics Quality Predictive Analytics Software 56

Supply Chain Game Changer

NOVEMBER 8, 2018

The spreadsheet format I developed to track the status of each part was critical because it became the document of record and the single source of the truth. Selected as one of the Top 75 Supply Chain Blogs, and one of the Top 25 Procurement Blogs, on the Internet. © Copyright Mortson Enterprises Inc, 2018.

Price Reduction 50

Price Reduction Pricing Training Inventory Reduction Material Savings 50

Supply Chain Game Changer

NOVEMBER 18, 2018

Source: [link]. Source: Wikipedia [link]. Source: [link]. Source: [link]. ” Source: [link]. The analogy I like best in describing how a Blockchain works involves either a Spreadsheet, a Contract, a Word document or a Powerpoint presentation for instance. Blockchains are transaction ledgers.

Sourcing Strategies 84

Sourcing Strategies Supply Chain Planning Software Manufacturing Procurement Material Savings 84

EcoVadis

MARCH 23, 2018

If we are to believe the supply chain predictions for 2018 , there will be plenty to keep purchasing and supply chain managers awake at night. The system should cover criteria across environment, labor and human rights, ethics/anti-corruption, and the supplier’s own sustainable sourcing practices.

Sourcing Strategies 53

Sourcing Strategies Procurement Solutions Vendor Strategies Procurement Analytics 53