[INFOGRAPHIC] Procurement Trends: Carving a Bigger Role in Supply Chain & Manufacturing

Cerasis

The Industrial Revolution helped change and bring prosperity into the world of manufacturing. As time passed, procurement gradually gained a larger role in the scope of manufacturing and order fulfillment. Why Is Technology Driving Procurement Trends and the Role of Procurement?

How VR, 3D Printing & Predictive Analytics in the IOT are Currently Powering the Manufacturing Industry

Cerasis

Newer technologies have created entirely new methodologies for improving manufacturing, and the outlook is brighter than ever. So, let’s take a look at how our predictions for the first four manufacturing technology trends (Predictive analytics, 3D Printing, and VR) to watch for in 2016 stacked up. Predictive Analytics Became Commonplace to Manufacturing. Additive manufacturing is expected to climb more than $20 billion by 2019. Manufacturing Technology

10 Key Logistics & Procurement Supply Chain Practices to Know and Master to Reduce Spend.

Cerasis

However, following these 10 practices can help you learn how to reduce spend in the procurement supply chain. Many suppliers and manufacturers may have existing, internal analytics tools, but using these tools for benchmarking processes may be ill-fated. This is comparable to the Holy Trinity of Manufacturing and Shipping discussed earlier this year in previous blog posts. Take Advantage of Cloud-Based Analytics for Better Warehouse Management and Forecasting.

Technologies that Impact Procurement

Claritum

Claritum Article - Procurement Blog. Technologies and Procurement Table. There are a lot of articles around on what Procurement needs to do; how Procurement needs to change; and how technology will fundamentally change Procurement. Virtual Procurement Agents.

Procurement, Industry 4.0, Cybersecurity, Robotics and Automation: The Image of Manufacturing is Evolving.

Cerasis

What makes or breaks a new technology in manufacturing? Mostly, manufacturers demand technologies that can boost their output without causing an additional strain on resources, and the final five technologies changing manufacturing in 2016 did just that. The implementation of robotics and automation was not universal in manufacturing. In other words, some manufacturers continue to resist the trend. Procurement Operations Became Decentralized and Adaptable.

These 7 Industrial Procurement Trends will Impact Supply Chain & Logistics in 2018

Cerasis

Procurement must never be an afterthought in any enterprise. Manufacturers need to have the right raw materials and supplies available. The answers to these questions lie in understanding a few of the top industrial procurement trends to expect in 2018. Companies Will Seek New Ways to Use Technology in Procurement. The global supply chain creates many challenges and opportunities in procurement. Integrated Procurement and Payment Systems Simplify the Process.

6 Manufacturing Trends to Watch Out for in 2016

Cerasis

As we close the year of 2015, we want to take a look at some manufacturing trends for 2016. We look at 6 core areas that manufacturing companies will take a long look at as they gear up for a successful 2016. E-Commerce for Manufacturing. Manufacturing manufacturing trends

Becoming a Valued Busienss Partner: Procurement Analytics SCRC Meeting Insights

NC State SCRC

After highlighting some of the results from the IBM study I worked on this past fall on procurement analytics, I introduced Rich Hughes, former Chief Procurement Officer from Procter & Gamble. Rick told me that my presentation brought back a lot of early memories from P&G back when it was in its early days of procurement transformation in 2000-2001. The goal was to ensure that procurement was no-touch.

Procurement and Suppliers on the Same Page: How to Craft an Effective Terms & Conditions Sales Document

Cerasis

Editor's Note: Today's blog is the second part of Chuck Intrieri's series on how procurement and suppliers can avoid issues with their contracts. Procurement and suppliers often assume that small print is highly complicated legal jargon that is both boring and largely irrelevant. It Would Benefit Both Procurement and Suppliers To Write in a Clear, Friendly, and Organized Manner. Google Analytics); Serving behavioral ads (e.g. Procurement

Time to Look into the Future of Procurement!

Supply Chain Game Changer

Check out What Exactly Is Procurement? There has been transformation in the Procurement function over the past decade. A Paradigm Shift in the Procurement Function. The fundamental objective of any organisation is lowering the cost of goods manufactured. Subscribe Here!

Trends 2019: Manufacturing

Enterra Insights

Over half-a-dozen years ago, Brookings Institution analysts, Susan Helper, Timothy Krueger, and Howard Wial, asserted, “Manufacturing matters to the United States because it provides high-wage jobs, commercial innovation (the nation’s largest source), a key to trade deficit reduction, and a disproportionately large contribution to environmental sustainability.”[1] Manufacturing trends. The changing manufacturing environment is often described as Industry 4.0

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Do You Know How Much Your Company is Spending? A Spend Analytics Checklist

Supply Chain View from the Field

Purchased goods and materials are often more than 40% of the total cost of goods sold in healthcare and manufacturing sectors. Analytics Category Management Forecasting Procure to Pay Strategic Cost Management Strategic Sourcing Supply chain analytics Supply Chain Management Supply Chain Systems The leading IT magazine, CIO Review, today published a special issue on supply chain transformation, and included an article I wrote on spend management as a core capability.

New Student Projects Suggest Greater Focus on Analytics

Supply Chain View from the Field

This year was no exception, and we have a cadre of bright MBA, industrial engineering, and manufacturing system engineering students lined up to work on the following projects: American Red Cross – Procurement Card Analysis – Reviewing spend analytics through p-card buying channels, and identifying key trends and consolidation opportunities. You guessed it – ANALYTICS!

5 Quality Metrics Predicting The Future Of Manufacturing

IQMS

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. Quality Metrics Enable Customer-Driven Manufacturing Networks.

The Procurement Economy in 2019: Bracing Yourself for the Future

Jaggaer

As we’ve explored in our last two blog posts, economists are predicting a decline in global economic growth due to policy and trade issues both in the United States and the European Union , bringing an increased risk to supply chains and procurement organizations. Monitoring supply and preparing for alternate suppliers allowed procurement teams to quickly pivot when they lost suppliers to bankruptcy or downsizing. Procurement Resources

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. I visited the BVL Kongress in Berlin, and also attended the International Institute for Analytics ”Chief Analytics Officer” meeting last summer. Not surprisingly, analytics is at the top of the list.

The State of Supply Chain Trends Part II: AI, Procurement, & the New Lean

Cerasis

From artificial intelligence to refocusing on procurement, the state of supply chain continued to explode throughout 2016, and you need to understand why. Consequently, all processes, including inventory management, logistics, data analytics and ongoing performance management, as reiterated by the staff of Supply Chain 24/7, improvement, can be optimized, creating a more efficient, direct and intelligent supply chain network. Procurement’s Role Did Become More Important.

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Assessing the True Return of Procurement Transformation on Total Shareholder Return: A Tough Proposition

NC State SCRC

In my earlier book with Gerard Chick on “ The Procurement Value Proposition “, we advance the notion that buildoing a business case for investing in people, process, and technology improvement in procurement is key. Many procurement assessments developed by consultants seek to provide an answer to the question “how far along are you relative to your peers in your procurement transformation journey”, and “which processes are lagging compared to your peers?”

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Visibility: If Only I Could See

Supply Chain Shaman

The IT taxonomy for visibility is supply chain analytics. As you implement supply chain analytics and use control theory with well-defined reference data with clear bands for control, process improvement ensues. The team was seeking analytics to monitor process compliance.

Analytics Powering the Next Evolution of the Supply Chain

Supply Chains Rock

Analytics Powering the Next Evolution of the Supply Chain. The chart, pasted below, focuses on how IBM is using analytics to not only optimize the supply chain, but to actually predict how issues in the world will impact operations. Analytics has got huge scope to get integrated in supply chain in terms of analysing spend data. Many analytics firms such as Musigma have already signed on clients for supply chain projects. Manufacturing Central.

Integrating External Data Into Manufacturing Procurement Activities and Technology: Where, Why and How

ivalua

Recently, I asked the folks at Spend Matters…”If you were advising sourcing and supplier management professionals in the manufacturing industry, what external data sources would you suggest they look at acquiring and integrating into their tools and processes?”.

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Optimize and Integrate Your Manufacturing, Planning and Fulfillment Processes with Oracle Manufacturing Cloud

Oracle SCM

Knowing what’s happening—or what’s not happening—is critical to your manufacturing organization and to your business. Download this new executive brief that details Oracle's new cloud solutions for manufacturing, planning and fulfillment.

3 Ways to Drive Growth in Your Manufacturing Business

IQMS

Investing in a manufacturing company – and/or operating a manufacturing company – in the current economic climate represents both opportunity and risk as U.S. manufacturing demand and profitability are accelerating. How to Drive Manufacturing Growth.

How Does Procurement Create Value? Insights from CPO Speakers at Zycus Horizons Conference

Supply Chain View from the Field

In addition to the procurement executives, I also got to meet Captain Dick Phillips, the captain of note in the film “Captain Phillips” We had a chance to talk about his experience, and he also presented to the group about the incredible experience he went through. Chris Sawchuck from the Hackett Group interviewed three heads of procurement from three large companies, and asked an important question. Does procurement add to top line revenue.

Get Your Manufacturing Processes in Gear for the Holidays

Oracle SCM

Every year during the holidays, anxiety hits shoppers, retailers, and manufacturers alike about whether the season’s hottest products will face shortages. For manufacturers, at least, it doesn’t have to be this way. Partner for Manufacturing Flexibility.

Integrating External Data Into Manufacturing Procurement Activities and Technology: Where, Why and How

ivalua

Recently, I asked the folks at Spend Matters… “If you were advising sourcing and supplier management professionals in the manufacturing industry, what external data sources would you suggest they look at acquiring and integrating into their tools and processes?”

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New Goals for Procurement – Driving Revenue Growth Through Supplier Collaboration

ivalua

Procurement professionals need to think in more innovative ways about how we can drive competitive advantage and shareholder value for our organisations. In every case here, it’s clear that procurement has a potential role to play.

Digital procurement in real-time: Successful Industrial Track & Trace showcase at Hannover Messe

SupplyOn

Industrial intelligence meets industrial track & trace at Hannover Messe 2019: Innovative showcase enables new dimensions of visibility in manufacturing Hannover Messe is the world’s leading industrial trade show. Many innovations stem from close digital collaboration between manufacturers and their suppliers. There, it is aggregated with the data from operative procurement and transport planning and commissioning.

Best Practice: Creating a Governance Mechanism for Analytical Learning in Organizations

NC State SCRC

I recently interviewed a large semiconductor company that developed a cross-enterprise initiative to drive analytical learning across its entire supply chain. There are systems directors in both the procurement and logistics/planning teams. An important governance mechanism that drives analytical process is the Supply Chain Director’s Council, whose mandate is to focus on the availability and ability of the supply chain to deliver parts and core finished goods to customers.

End2End Supply Chain Conference 2016

Supply Chain Movement

Big Data Analytics, Digital Supply Chain, Internet of Things, Cloud Computing, Advanced Robotics, Machine Learning, 3D Printing, Drones and Self-Guided Vehicles are all being advanced and will have an ever greater impact on the Supply Chain sector. End2End Supply Chain Conference 2016. Date: 28 September 2016. Venue: Ballsbridge Hotel, Dublin. Organiser: Event Strategies. URL: www.supply-chain.ie/index.php. index.php. What will the supply chain of the future look like?

Supply Chain Predictions for 2018: Real-Time, Innovation, Cognitive, Blockchain, Industry-Academic Partnerships, and Taking a Stand!

NC State SCRC

Supplier driven innovation was also a major theme at the Procurement Leaders meeting in Miami this spring. These small companies are focusing on specific business issues, and attacking them using small teams of analytical experts, and piloting and re-piloting new projects with clients.

What Value Are You Getting From Planning?

Supply Chain Shaman

Outsourcing–procurement, manufacturing and transportation– decreased visibility and increased data latency. If the carrier does not accept the freight, the manufacturer loses time in moving the freight and is often forced to go to the open market to source freight.

The drive for a New Wave of Easy-to-use Procurement Products

Claritum

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….

Five Trends That Excite Me!

Supply Chain Shaman

Could we define business network flows through Apache Spark which can move real-time data like telematics, GPS, weather and temperature data, and sensor information at the speed of business to drive new forms of prescriptive analytics? Future of Analytics in the Building of Supply Chain 2030.

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Chainalytics Helps Cosmetic Giant Consolidate Business Unit

CHAINalytics

Chainalytics’ transportation experts worked with a leading global cosmetics manufacturer to reduce costs and increase efficiency across its U.S.

If you can measure it then you can manage it

Claritum

Claritum Article - Procurement Blog. An approach to Tail Spend Analytics. Benefits of better Analytics. 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.

The Evolution of Supply Chain is Becoming Patient-Centric

DynaSys

Supply Chain Management (SCM) is critical to the business in keeping up with global regulatory changes, increased efficiency in demand and manufacturing of product, inventory buffers, and shipping and distribution of product. The face of life sciences has undergone a change.