HICX Solutions

FEBRUARY 26, 2020

In fact, according to a survey carried out by PayStream Advisors , 39% of enterprise-level (companies with revenues greater than $2bn) procurement and sourcing professionals listed ‘increasing supply chain efficiency’ as their main aim when it comes to managing suppliers.

Optimal Sourcing 40

Optimal Sourcing Supply Chain Network Software Procurement Sourcing Strategies 40

Logistics Viewpoints

MARCH 8, 2021

Mr. Frasquet is the executive director of corporate procurement, although his responsibilities include a much broader set of supply chain responsibilities than just sourcing. How do we best handle surging transportation costs? In 2018, they implemented a LLamasoft inventory optimization solution.

Supply Chain Design Software 256

Supply Chain Design Software Supply Chain Planning Software Supply Chain Transformation Modeling 256

HICX Solutions

JANUARY 29, 2020

Training on supplier systems due to high turnover in procurement/AP. SIM tools allow you to put in place a structure that will help your sourcing or procurement-related activities become more efficient and productive, because they provide you with the controls required to govern supplier data properly.

Material Savings 52

Material Savings Cost Reduction Strategies Resource Reduction Optimal Sourcing 52

Claritum

MAY 11, 2018

Claritum Article - Procurement Blog. Does your business source products and services from global markets? If your company is sourcing goods and services internationally you could be reaping many benefits. However, you could also face many challenges when globally sourcing across geopolitical boundaries.

Supply Chain Software 32

Supply Chain Software Sourcing Global Waste Reduction 32

Supply Chain Game Changer

JANUARY 30, 2019

Procurement bridges the gap between product, internal stakeholders and customers. In order to support the weight of internal and external expectations, Procurement teams must be prepared to perform as a key value adder within an organization. Developing KPIs is crucial, and individual, to the infrastructure of your Procurement team.

Procurement Analytics 56

Procurement Analytics Optimal Sourcing Procurement Negotiating Skills 56

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

Supply Chain Opz

MAY 1, 2018

This book will equip you with basic customer value proposition, how to measure customer satisfaction, service design and how to develop winning customer service and order fulfillment strategy. Delivering Customer Value through Procurement and Strategic Sourcing Many people don't know that procurement is a part of integrated logistics.

Logistics Network Optimization Software 100

Logistics Network Optimization Software Optimal Sourcing Logistics Material Savings 100

Supply Chain Shaman

NOVEMBER 2, 2018

There is no solution to optimize source, make and deliver together or drive bidirectional orchestration to execute trade-offs between functions automatically. The groups of supply planning, procurement and logistics operate within silos. This is true of both an enterprise and a network architecture. History of E2open.

Supply Chain Planning Software 170

Supply Chain Planning Software Supply Chain Network Software Manufacturing Procurement Supply Chain Design Software 170

Enterra Insights

DECEMBER 4, 2018

Procurement expert Kelly Barner notes, “Supply chain managers know full well just how reliant their company is on the performance of third parties. ” Campbell adds, “This ‘central source of truth’ assures all parties are viewing the same data, nipping miscommunication in the bud.”

Optimal Sourcing 133

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Supply Chain Planning 133

GlobalTranz

NOVEMBER 19, 2018

WHITE PAPER] The Top Supply Chain Trends that Will Impact Supply Chain Management in 2018. The same source also informed that the Chartered Institute of Procurement & Supply (CIPS) Risk Index of 2016 was the highest since records have begun in 1995. GET YOUR COPY HERE. Download White Paper.

Supply Chain Risk Management 189

Supply Chain Risk Management Risk Management Supply Chain Design Supply Chain Planning 189

Supply Chain Game Changer

SEPTEMBER 5, 2019

Now… Is there something to be learned from this quote in Finding Nemo, that we can apply to procurement and sourcing? A gang of procurement and sourcing professionals with our backs up against the wall, and the fight is at our front door. So here we are. Suppliers are our friends, not food! Data First.

Food 54

Food Negotiating Skills Optimal Sourcing Purchasing Skills 54

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. Many trusted sources accredit global GDP growth during the last 15–20 years, widely to the spread of globalization. This raises the question…. Is COVID19 the death of Global Supply Chains?

Agile and Lean Supply Chain 121

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

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

NOVEMBER 13, 2018

Yet all of the functions that we now associate with Supply Chain have been around for a very long time: Planning, Inventory Management, Logistics, Procurement and Purchasing, Warehousing and many more. Interestingly there are many views on how to define Supply Chain. Source: [link] ). Source: [link] ).

Supply Chain Design Software 72

Supply Chain Design Software Supply Chain Planning Software Manufacturing Procurement Optimal Sourcing 72

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

Enterra Insights

JUNE 13, 2019

To counterbalance such potential negative effects, companies should pay just as much attention to a less appreciated source of competitive advantage: resilience.”[1] He explains, “If you have data that represent the sources of disruption, it is possible to model and simulate the frequency and impact of these events.

Supply Chain Design Software 100

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 100

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

ivalua

OCTOBER 8, 2021

During the pandemic, Procurement flexed its muscle, helping to mitigate supply chain disruptions and enable new channels for engaging with customers and fulfilling orders. Here are four ways leading Procurement organizations can influence retail recovery in 2021 and beyond: 1. Decentralize Procurement. Rethink What’s Normal.

Optimal Sourcing 130

Optimal Sourcing Material Savings Procurement Analytics Procurement Solutions 130

BlueYonder

DECEMBER 22, 2020

This blog is based on an article that recently ran in the Journal of Supply Chain Management, Logistics & Procurement, “ Supply chain agility: An imperative in an unpredictable world.”. Learn more about how to fulfill this vision. The Secret to Achieving Agility and Resilience. Available at [link]. [2]

Agile and Lean Supply Chain 92

Agile and Lean Supply Chain Supply Chain Execution Supply Chain Planning Software Supply Chain Software 92

Provenance

SEPTEMBER 24, 2018

We are creating an-depth guide on how to make transparency a competitive advantage for your business. Source: fashionmagazine.com ). Why we find this interesting: “ We’re seeing many designers and fashion brands pay more attention to their sourcing, with shoppers increasingly asking #WhoMadeMyClothes. Source: Thought Works ).

Sustainability 40

Sustainability Purchasing Skills Price Reduction Material Savings 40

Logistics Bureau

NOVEMBER 15, 2018

The dust is settling after enforcement of GDPR officially started in May 2018. Others, which may have been added over the years in an ad hoc way, include specific applications for procurement, production, packaging, inventory, and transport management. Now could be a good time to assess the upside. Smart car sensors are another.

Supply Chain Design Software 45

Supply Chain Design Software Supply Chain Planning Software Pharmaceutical Cost Reduction Strategies 45

Supply Chain Game Changer

NOVEMBER 23, 2018

Check out How To Differentiate With A Supplier Relationship Management (SRM) Program! If we can draw a comparison between Thanksgiving dinners and procurement, they are essentially an every day example of why supplier quality management is important. Subscribe Here! Email Address. Fall is in the air! What is SQM? .

Quality 42

Quality Cost Reduction Strategies Resource Reduction Vendor Strategies 42

NC State SCRC

MAY 27, 2021

The SNS managed about 800 product lines, and spent much of their time focused on how to spread out limited funds on acquiring materials to cover threats. Rather, they look forensically and medically at a problem, but are generally slow and not good at predicting what is needed and how to respond to a future need. In addition, $2.3B

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Waste Reduction Resource Reduction 52

ThroughPut

MAY 14, 2024

A report by Cisco in 2018 noted that 5 quintillion bytes of data are created every day around the world; your organization being one among them. Fact Check The worldwide Big Data market revenues for software and services are projected to increase from $42B in 2018 to $103B in 2027. How to Overcome Data Challenges in Supply Chain?

Prescriptive Analytics Software 52

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Supply Chain Design Software 52

SCMDOJO

JANUARY 30, 2023

Brian Krzanich Brian Krzanich, a former CEO of Intel Corporation, served in this position from 2013 to 2018. She first started off as a Plant Manager at Eaton and then went on to become the VP of Global Sourcing at Honeywell International. The Top 10 CEOs Who Have Worked As Supply Chain Professionals 1.

Supply Chain Design Software 121

Supply Chain Design Software Supply Chain Software Sourcing Strategies Agile and Lean Supply Chain 121

Claritum

JULY 5, 2018

Claritum Article - Procurement Blog. If you can measure it then you can manage it” This statement is so true in the procurement field. Procurement needs to have real time data on the entire supply chain. I don’t know how to control spending in the tail. Introduction. The Challenge of Tail Spend. Conclusion.

Analytics Software 36

Analytics Software Procurement Analytics Predictive Analytics Software Procurement Solutions 36

EcoVadis

OCTOBER 18, 2018

Bateman also emphasized the differences between visibility, transparency, and traceability and urged procurement executives to prioritize each concept accordingly. But through targeted efforts, and a shift in corporate culture, a sustainable procurement policy was executed by rating Edelman’s “largest spend categories.”.

Supply Chain Planning Software 40

Supply Chain Planning Software Sustainability Supply Chain Software Sourcing Strategies 40

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

DocShipper Sourcing

JANUARY 12, 2021

billion sales by third party businesses during prime day 2018. Amazon’s main strategy is to provide a trustworthy platform to buyers where they can buy a wide variety … The post How to sell on Amazon [Guide for Beginners] appeared first on ?Sourcing Sourcing services.

Sourcing Strategies 40

Sourcing Strategies How To Sourcing Examples 40

ivalua

MAY 9, 2019

The event was themed on “The Art of Procurement” relating to how the further procurement leaders mature in their transformations, the more their approach shifts from science to art. The most eye-catching statistic of the event came from Duncan regarding procurement’s self-assessed v. actual maturity. actual maturity.

Chicago 169

Chicago Procurement Material Savings Sourcing Strategies 169

Xeeva

FEBRUARY 23, 2018

If either of those were taken away, how long would you survive? For indirect procurement, that foundation is the data. Without your procurement data, you don’t really know what is going on. Click To Tweet How can you make proper business decisions if you’re merely making guesses or assumptions? It’s simple – you can’t!

Optimal Sourcing 41

Optimal Sourcing Predictive Analytics Software Procurement Data 41

Enterra Insights

MAY 31, 2019

He insists consumers are also increasingly relying on recommendations from trusted sources such as friends and other influencers. 3] Marc Wins, “ 5 ways to adapt to changing Consumer Behavior ,” Procurement Academy, 11 March 2019. [4] He then asks, “Is your business keeping up with these changes? “Take a 360 ?

Price Reduction 100

Price Reduction Cost Reduction Strategies Sourcing Strategies Omnichannel 100

GlobalTranz

JANUARY 4, 2016

Employ comprehensive solutions that support the entire source-to-settle process and create value for all parties involved in it. Instead of being sold a new system, they might just need some guidance on how to solve their pain points by repurposing their existing technologies.”. Start today by re-imagining your supply chain.

Supply Chain Design Software 120

Supply Chain Design Software Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Software 120

Supply Chain Game Changer

JANUARY 15, 2019

We’ve built a peerless network in the areas of Procurement, Logistics, Change Management, Strategic Sourcing, Planning, and other functional areas in Supply Chain. Other than those accomplishments, I’m most proud of how we’ve kept our focus on the candidates. That’s how you really progress.

Manufacturing Procurement 47

Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing 47

GlobalTranz

DECEMBER 7, 2015

Logistics and Transportation Managers at manufacturers will have reports at their fingertips on how to continue to reduce transportation costs, a heavy portion of the expense budget, by leaning on data to continually improve. Between 2015 and 2018, it is estimated that about 1.3 Forecasting Demand.

Manufacturing Procurement 120

Manufacturing Procurement Analytics Software Trends Supply Chain Design Software 120

Supply Chain Game Changer

NOVEMBER 17, 2018

The school had nothing else for us to do so they directed us to a teletype-style computer and suggested we learn how to program. The biggest career transformation for me was after leaving Dell when I joined Lucent in 2002 and entered supply chain in technology sourcing. © Copyright Mortson Enterprises Inc, 2018.

Gartner 74

Gartner Manufacturing Procurement Optimal Sourcing Supply Chain Software 74