Procurement Academy

OCTOBER 19, 2023

A generic approach to training is not the solution to the increasing range of challenges facing procurement teams. This means that skills enhancement across wider roles is required for procurement professionals, with a focus on role-specific learning.

Buyer Training 52

Buyer Training Purchasing Training Negotiating Skills Optimal Sourcing 52

Supply Chain Shaman

DECEMBER 15, 2022

When reviewing strategy decks for supply chain teams, I often see statements like “move from a functional-silo’d focus to a drive a more holistic response.” Companies became less clear on the definition of supply chain excellence and how to implement decision support technologies. ” Sound familiar?

Manufacturing Procurement 387

Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software Procurement Analytics 387

ivalua

FEBRUARY 8, 2023

Ivalua Blog [ivory-search] Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience February 8, 2023 | | Manufacturing by Doug Keeley In the face of an unprecedented global crisis, Procurement stepped up to become a crucial driving force for business continuity. Work to achieve 100% supply chain visibility.

Manufacturing Procurement 242

Manufacturing Procurement Supply Chain Planning Software Supply Chain Software Optimal Sourcing 242

Supply Chain Shaman

NOVEMBER 9, 2023

The supply chain space is heavily laden with acronyms, gobbledygook, false narratives, and over-hyped, fast-talking technology sales teams. “At the Digital Supply Chain event at SAP. Traditionally, the definition of end-to-end supply chain planning meant: Forecasting based on order or shipment patterns.

Optimal Sourcing 335

Optimal Sourcing Supply Chain Planning Software Manufacturing Procurement Modeling 335

Supply Chain Shaman

FEBRUARY 18, 2021

The Covid-19 pandemic tested the global supply chain. Like riding a bumpy road, the supply chain leader is riding the ups and downs of changing market conditions facing greater variability day-to-day. Here, based on interviews with supply chain leaders, I share lessons learned. Need For What-If Analysis.

Supply Chain Planning Software 278

Supply Chain Planning Software Supply Chain Design Software Supply and Demand Procurement Analytics 278

ivalua

FEBRUARY 27, 2023

Ivalua Spend Management Insights [ivory-search] Procurement Rising: The Silent Inflation Tax on Manufacturers February 27, 2023 | | Manufacturing by Doug Keeley Last year, the Consumer Price Index was the highest it has been in four decades, making inflation one of the most concerning macroeconomic factors facing the business world today.

Manufacturing Procurement 130

Manufacturing Procurement Optimal Sourcing Procurement Solutions Purchasing Skills 130

Precoro

JANUARY 29, 2024

Escalating expenses associated with rising prices of raw materials, finished goods, third-party services, and labor along the entire supply chain expose businesses to a heightened threat of margin reduction. In this article, we will discuss how a robust procurement management plan can help address and mitigate the effects of inflation.

Procurement Solutions 98

Procurement Solutions Procurement Analytics Optimal Sourcing Supply Chain Planning Software 98

EC Sourcing Group

SEPTEMBER 7, 2021

Spend Analysis in Supply Chain Management. The broader picture beyond procurement is the supply chain, as procurement (or purchasing) is just one step in the supply chain. . As there are many steps in the supply chain, there are many steps in procurement and procurement management.

Analysis 52

Analysis Material Savings Manufacturing Procurement Supply Chain Software 52

Logistics Bureau

AUGUST 2, 2021

Whether you’re planning to benchmark your supply chain or simply trying to improve how you measure its performance, it makes sense to know a little about the most commonly used KPIs for each supply chain component. 7 Procurement KPIs You Should be Using. Cycle times are critical in the supply chain.

Procurement Analytics 98

Procurement Analytics Procurement Solutions Optimal Sourcing Procurement 98

SYSPRO Smarter ERP

MARCH 2, 2022

To deal with the new challenges in managing and planning the supply chain , the procurement department is one of the functions that should look at changing. It is no longer sufficient for procurement to focus just on supplier costs, placing orders and ensuring goods are received. Resiliency. Risk management.

Optimal Sourcing 116

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Supply Chain Software 116

Precoro

AUGUST 14, 2023

More and more companies are acknowledging the importance of centralizing and optimizing their procurement operations. One of the ways to accomplish this is to establish a procurement team to streamline ordering by centralizing purchases and improving supplier relations. What are the duties of a procurement manager?

Negotiating Skills 98

Negotiating Skills Purchasing Skills Buyer Training Procurement Solutions 98

Logistics Viewpoints

FEBRUARY 26, 2024

Cooper University Health Care Relies Upon Real-time Alerts to Improve Operations Cooper University Health Care, like most companies, struggled with their supply chain during COVID. The company bought a risk solution that provides real-time alerts to potential supply disruptions. We knew exactly what we couldn’t get.”

Supply Chain Planning Software 249

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Pharmaceutical 249

EC Sourcing Group

JULY 5, 2022

Spend analysis is a process that identifies, cleans, categorizes, and analyzes your business spend data. The process of spend analysis has specific goals of efficiency and saving money by increasing visibility into spend, which can decrease overall procurement costs. is vital to procurement and the supply chain.

Analysis 52

Analysis Analytics Software Supply Chain Design Software Supply Chain Planning Software 52

Logistics Viewpoints

OCTOBER 19, 2023

I work in supply chain. If I had done due diligence, I’d have seen the warnings – the retailer had pretty pictures on their website, but their supply chain failed them, creating an eleven-month saga and unhappy customer. The failure was in supply chain orchestration – connecting planning to execution.

Supply Chain Planning Software 225

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Planning 225

Logistics Viewpoints

APRIL 3, 2023

IBP is a collaborative process involving diverse business functions that is designed to balance demand against supply in a manner that maximizes the goals of that company. This is, at many companies, a month-long process that produces a supply chain plan that spans out over several months – often 24 or 36 months.

Supply Chain Planning Software 252

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Planning 252

EC Sourcing Group

JANUARY 19, 2023

S pend analysis in procurement is a longstanding concept, however, implementation can be difficult without the proper tools. Over the years, implementing this kind of analysis has become more accessible than ever with the advent of robust procurement tools and software.

Analysis 52

Analysis Procurement Solutions Analytics Software Logistics Network Optimization Software 52

ivalua

JUNE 17, 2022

This content is part of the latest WBR Report: As the world has been readjusting to the ripple effects caused by the pandemic in the past two years, successful enterprises have developed contingency plans to protect their supply networks from future shocks to the supply chain. Taking Steps to Increase Resiliency.

Supply Chain Software 130

Supply Chain Software Supply Chain Planning Software Supply Chain Strategy Supply Chain Planning 130

ivalua

APRIL 28, 2022

The current global supply chain crisis has revealed critical issues involving the global distribution of goods and services. To be of use, supply chain data must be of good quality and trustworthy. The post Supply Chain Data Quality & Governance appeared first on Ivalua. View the report HERE.

Government 130

Government Quality Supply Chain Software Data 130

EC Sourcing Group

JUNE 14, 2022

Spend analysis in procurement has always been an imperative, playing a vital role both in procurement management and the supply chain. Spend analysis technology” and “ spend analysis software” are parallel terms, and automates the entire spending analysis system. So, what is it ?

Analysis 52

Analysis Forecasting Software Vendor Strategies Analytics Software 52

ivalua

NOVEMBER 23, 2020

Healthcare Procurement: Why the Healthcare Industry Needs to Modernize Supply Chains to Meet Today’s Challenges. percent on most categories of supplies compared to those who don’t 2 , according to the Healthcare Supply Chain Association. That is why it is no surprise that 98% of all U.S.

Manufacturing Procurement 130

Manufacturing Procurement Negotiating Skills Purchasing Skills Negotiate Pricing 130

ivalua

AUGUST 17, 2021

What does Procurement mean? An organization’s Procurement function is responsible for managing spend, in other words the buying goods and services that are used to make the products sold to customers as well as the purchasing of products and services used to run the organization on a day to day basis. What is Direct Procurement?

Manufacturing Procurement 130

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 130

ivalua

FEBRUARY 10, 2023

Understanding how inflation impacts procurement and then taking action to mitigate its effects is essential for any business looking to stay ahead of the game. How Inflation Impacts Procurement Inflation affects a number of aspects of a business, including its ability to compete in the market, financial performance, and overall strategy.

Sourcing Strategies 264

Sourcing Strategies Price Reduction Purchasing Skills Manufacturing Procurement 264

ivalua

OCTOBER 24, 2022

Under Pressure, Will Procurement Take Performance Higher in 2023? . Procurement and supply chain teams have been trying to hold the line against macroeconomic and global market forces that have been pushing hard against them for nearly three years. Procurement and supply chain teams are under constant pressure. “Our

Optimal Sourcing 100

Optimal Sourcing Procurement Resource Reduction Negotiating Skills 100

ivalua

MAY 9, 2023

Ivalua Spend Management Insights [ivory-search] Procurement in the Age of Uncertainty: 4 Lessons from the New Forrester Study May 9, 2023 | | Innovation by Alex Saric In today’s age of uncertainty, procurement departments are under tremendous pressure. Ensuring supply continuity requires timely and open sharing of information.

Optimal Sourcing 130

Optimal Sourcing Study Procurement Supply Chain Planning Software 130

SCMDOJO

APRIL 11, 2023

If you’re a supply chain management professional, you’re probably aware of how important it is to continuously improve your skills and knowledge in this field. Fortunately, there are numerous courses available to help you develop your expertise in supply chain management, regardless of your level of experience.

Supply Chain Design Software 113

Supply Chain Design Software Course Supply Chain Planning Software Supply Chain Software 113

ivalua

MARCH 28, 2019

As we move towards a new decade is the emphasis in the procurement world changing – are we going to see a new age, where the Art of Procurement comes to the fore? Technology has radically changed procurement activities and procurement roles across virtually all our spheres of activity.

Procurement 167

Procurement Modeling Software Supply Chain Software Predictive Analytics Software 167

The Logistics & Supply Chain Management Society

JULY 16, 2023

Risks in halal supply chains The halal integrity of a brand (and its products) is a function of its supply chain, where a breakage in halal integrity anywhere in a supply chain becomes a breakage of its halal integrity. On the other hand, halal risks in the entire supply chain are not on their radar screens.

Risk Management 130

Risk Management Supply Chain Design Software Supply Chain Planning Software Pharmaceutical 130

Logility

AUGUST 30, 2023

Supply chain planning plays a critical role in ensuring operational efficiency, customer satisfaction, and overall success. However, relying solely on Microsoft Excel for supply chain planning can expose businesses to a myriad of risks and limitations.

Supply Chain Planning Software 130

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

SCMDOJO

APRIL 22, 2024

But what steps can you take to a more resilient supply chain during disruptions? If you’re ready to learn more about creating stronger supply chains, read below. As more industries face ransomware attacks, it’s a good idea for any supply chain company to hire cyber experts to prevent disruptions.

Inventory Reduction 77

Inventory Reduction Price Reduction Cost Reduction Strategies Material Savings 77

NC State SCRC

MAY 30, 2022

A new study that the SCRC published with GEP examines the increasing pressure that supply chain executives are getting when it comes to responding to supply chain disruptions. In this study, we explore the primary forms of misalignment that exist between supply chain and procurement executives. (We

Supply Chain Execution 98

Supply Chain Execution Procurement Analytics Procurement Solutions Optimal Sourcing 98

Logistics Viewpoints

MARCH 8, 2021

Belcorp’s Maturity in Supply Chain Design. Belcorp Corporation has actively worked to be a leader in ensuring that their people can effectively use a complex type of software known as supply chain design. It requires a company to further leverage the supply chain design philosophy.

Supply Chain Design Software 255

Supply Chain Design Software Supply Chain Planning Software Supply Chain Transformation Modeling 255

Jaggaer

JUNE 11, 2020

With the current global economic circumstances, it should come as no surprise that businesses across all industries are looking for real time solutions to aid their procurement process by identifying cost reduction and spend management opportunities as a priority. Spend analysis is a piece of the much larger field of spend management.

Optimal Sourcing 52

Optimal Sourcing Analysis Sourcing Strategies Price Reduction 52

Procurement Academy

JUNE 30, 2022

During the 1970’s oil crisis and the rampant inflation that followed, skilled procurement professionals were in demand more than ever before. While professionals have superior technology and analytics on their side, the challenges associated with procurement in a high inflation environment remain the same – and so do the solutions.

Procurement Analytics 95

Procurement Analytics Procurement Solutions Procurement Purchasing Skills 95

Proxima

JULY 27, 2023

The Government’s initial analysis in 2021 was broadly correct: Russia remains the biggest danger to UK security, with China remaining a looming threat. Applying resilience to supply chains There has been a renewed focus on resilience since the release of the Integrated Review in March which is evident throughout July’s paper.

Analysis 52

Analysis Ukraine Agile and Lean Supply Chain Optimal Sourcing 52

Supply Chain Game Changer

SEPTEMBER 9, 2020

Subscribe to Supply Chain Game Changer. Preparing Business for the Digital Supply Chain! Digital Procurement article and permission to publish here provided by Katherine Barrios of xeneta.com. The Hackett Group has recently released their analysis of their procurement benchmarking database.

Optimal Sourcing 58

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Procurement 58

ivalua

APRIL 13, 2021

In part 1 of this blog I looked at how procurement can actually create new revenue opportunities. Here I’ll take a look at two other ways that procurement can help support growth. Incentivize procurement w/performance goals & KPIs that encourage supplier collaboration to drive meaningful changes in behavior.

Procurement Solutions 130

Procurement Solutions Procurement Sourcing Strategies Resource Reduction 130

SCMDOJO

APRIL 20, 2023

If you’re eyeing a role as a Procurement Manager (or are looking to hire one), you’re in the right place! As a procurement Manager, you’ll play a crucial role in overseeing the purchasing and procurement process for a company or organization, making sure they get the best bang for their buck.

Negotiating Skills 95

Negotiating Skills Optimal Sourcing Procurement Analytics Manufacturing Procurement 95