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Inefficient Procurement processes are costing UK businesses almost £2m per year, reveals research

ivalua

At the same time, two-thirds (66%) of businesses admitted they were still reliant on such processes as part of their Procurement or supplier management function. At the same time, two-thirds (66%) of businesses admitted they were still reliant on such processes as part of their Procurement or supplier management function.

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Automating Procurement and Supplier Relations to Alleviate ESG Concerns

QAD

It is no secret that procurement executives are constantly seeking innovative ways to maximize efficiency and address unexpected supply disruptions. However, procurement is evolving into much more than the most cost effective option since the cheapest option often involves real world atrocities like child and forced labor.

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Supply Chain Normalcy? Think Again.

Supply Chain Shaman

Growing tensions between China and trading partners. In the face of variability, this is two-to-six weeks too long to make allocation or procurement decisions. Order cycles–the requested time from order to delivery–decreased while supply cycles –the time to procure materials– increased. Unrest in Sudan.

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Increased Signs of Weakness in China and a Changing Global Trade Picture

Supply Chain Matters

In this Ferrari Consulting and Research Group Thought Leadership Perspective viewpoint, we highlight added signs of China and global-wide production contraction and the implications of such trending. China ’s imports reportedly declined 12.4 The country’s exports in July declined 14.5 The country’s exports in July declined 14.5

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Putting Procurement Front and Center of Your Supply Chain

Oracle SCM

Procurement professionals are now playing an increasingly strategic role within their organizations. Procurement of raw materials and components that go into the manufacturing process is essential to ensure final product quality and strong financial performance. The new procurement professional needs a broad set of skills.

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No Time Like the Present

Supply Chain Shaman

On this tour, I heard Jeff Ma, a former member of the MIT blackjack team, speak on the use of analytics to make better decisions in “beating the house.” The gap between logistics and procurement; and logistics and customer service increases process latency. Investments in Data-Driven Capabilities May Not Yield Better Decisions.

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Handfield’s Supply Chain Analytics Predictions for 2014

Supply Chain View from the Field

I’ve had the good fortune to be presented with opportunities for compelling discussions with a significant group of leading thinkers, senior executives in procurement, logistics, and technology management over this past year. Not surprisingly, analytics is at the top of the list.