Remove Article Remove Inventory Remove Metrics Remove Procurement

Procurement Interview Questions & Answers

Supply Chain Game Changer

Article and permission to publish here provided by Nikita S at [link]. Procurement, or Purchasing, is an area of Supply Chain that involves and requires very specific skills and expertise. This is particularly apparent if you are hiring a Procurement professional, you are looking for a Procurement job, you are looking to outsource anything, or you are dealing with Procurement people in the course of conducting business. Which are the key Procurement metrics?

4 Reasons to Integrate Order-to-Cash & Procure-to-Pay

OneSCM

The ease of implementing and onboarding supply chain management solutions gives wider visibility in manufacturing, as well as orders and inventory. Bundling order-to-cash and procure-to-pay functions not only gives companies a holistic view of their supply chain operations, but also improves decision-making and business growth. In some instances, sales can become risky; procurement staff maintain higher buffer stock levels as a safety net.

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Building a Triple A Supply Chain: Ten Tactics That Work

Supply Chain Shaman

At Supply Chain Insights , as we combed through over 9000 quantitative responses on supply chain management from business leaders to understand what drives supply chain excellence in preparation for the Supply Chain Insights Global Summit , in the process, we proved Hau Lee’s theorem in the Famous Harvard Business Review Article, “Triple A Supply Chains.” Reward teams for cross-functional metrics. Focus functional metrics to improving reliability.

The Supply Chain Detective™ and the Inventory Turnover Mystery!

Supply Chain Game Changer

Featuring Our 10 Best Inventory Management Articles! As I settled into the job and started learning, and studying, the various Supply Chain metrics I was surprised when I looked at the Inventory Turnover performance of the company. Looking at recent and historical Inventory performance I could see that turnover always stayed around 5-6 turns with little variation. There was no mentorship given to promote the team and raise visibility to inventory.

Healthcare Supply Chain Software: Features You Need

Hybrent

Electronic Procurement. Inventory Management. Healthcare supply chain management software takes the guess work out of inventory because it is directly tied to ordering. That means inventory is updated in real time to reflect when items are ordered, in stock, or on back-order. This allows you to access metrics and detailed spend analysis quickly and easily, allowing you to gain insights and make decisions to optimize your business.

Three Lies and a Truth

Supply Chain Shaman

Here is the list: Supply chain technology implementations have reduced inventory. I have averaged about 100 articles a year. Here they are: The Lie of Inventory Reduction. Repeatedly, I heard that supply chain applications have saved costs, reduced inventory and improved customer service. We are trying to understand how supply chain leaders have raised the bar at the intersection of these four sets of metrics on the supply chain effective frontier.

How To Differentiate With A Supplier Relationship Management (SRM) Program!

Supply Chain Game Changer

This article will look at a model for stratifying and segmenting your supply base within the confines of a structured and formal supplier relationship program (SRP). All levels of the organization must be involved, from the procurement person responsible for the supplier up through the CEO, depending on the value of the supplier. The sourcing or procurement function will own the relationship and manage the overall process. Subscribe Here! Email Address.

Hospital Supply Chain Management Software: 8 Features You Need

Hybrent

Electronic Procurement. Inventory Management. Hospital supply chain management software takes the guess work out of inventory because it is directly tied to ordering. That means inventory is updated in real time to reflect when items are ordered, in stock, or on back-order. This allows you to access metrics and detailed spend analysis quickly and easily, allowing you to gain insights and make decisions to optimize your business.

SCRC Meeting – Tom Linton’s “Supply Chain Eight” and Golden Winged Warblers : Questions Every New CSCO Should Ask Their CEO

NC State SCRC

When it is not in motion, it is classified as inventory. My first Monday in, I asked for a full report of all our supply chain metrics, and my analyst told me he could get it to me by Friday. But this took time – we had to “defrag” our supply chain, and eventually I learned we had 59 days of inventory. A simple chart was used to depict inventory, with the size of the indicative of the amount of cash tied up in that inventory.

Supply Chain Collaboration – The New Way to Drive Value!

Supply Chain Game Changer

Supply chain collaboration is a hot topic today and no wonder: companies that collaborate effectively across the supply chain have enjoyed dramatic reductions in inventories and costs, together with improvements in speed, service levels, and customer satisfaction. Sixty-five percent of procurement practitioners say procurement at their company is becoming more collaborative with suppliers, according to The Future of Procurement, Making Collaboration Pay Off, by Oxford Economics.

What does it take to build a best-in-class supply chain?

Kinaxis

In the beginning, it was tough,” admits Benji Green, Avaya’s Senior Director, Integrated Supply Chain Planning & Operations, in a recent article published by Supply Chain Digital. 12-hour days, hair on fire supply constraints, excess inventory, completely manual processes, imbalanced supplier terms and conditions, poor cash to cash. Tracking success: Metrics matter. Now Avaya is leading the way, exceeding industry benchmarks in 11 key metrics. Inventory planning.

Driving Profitable Growth Through Effective Supply Chain Management

Supply Chain Nation

In a previous article titled “ What Is Preventing Your Supply Chain From Being a Strategic Differentiator? ” In this article, I shall review the factors that set the supply chain leaders apart from the rest and that help drive profitable growth for their companies. Without a shared set of metrics between the commercial and operational teams, it is extremely difficult to get alignment between them. System-wide inventory strategies.

How to Recruit and Organize Supply Chain Talent to Unlock Your Supply Chain’s Potential

Talking Logistics

A confluence of factors is limiting the talent pool and making it more difficult for organizations to find the right professionals to fill the necessary roles to drive supply chain success, as was cited in a recent article, Companies See ‘Massive Shift’ in Search for Supply Chain Talent , (Wall Street Journal, May 22nd, 2015, Loretta Chao). Recently it seems that more and more organizations are recognizing that their supply chains are a key component to the organization’s success.

Lean Transportation: Are you Using Lean Thinking for Transportation Management? If not, Why?

Cerasis

The need to transport parts also drives inventory up, creates a need for space to store those parts, and uses energy for more forklift time and warehouse heating. Rather, going beyond customer expectations needs to be fully understood, and transportation strategies then developed to meet those expectations with optimal inventory levels. Transportation strategy and tactics must support Lean inventory strategies.

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Recruiters Reveal How to Land Dream Supply Chain Jobs

Supply Chain Opz

This article will show you the best career advice from top supply chain recruiters. An accomplishment-based resume provides metrics and quantifiable info about a candidate’s accomplishments. For example, if your Supply Chain work has reduced inventory turns or resulted in savings, you want to make sure your resume spells that out loud and clear. If you’re an inventory planner, how many SKUs did you manage? If you’re a Procurement professional, what was your spend?

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Omnichannel Retail Requires Close Collaboration with Logistics Providers

Enterra Insights

Lack of Inventory Visibility and Metrics. Carrying inventory is a necessary evil. Too much inventory means profits are eaten away by storage costs. Too little inventory and sales opportunities are lost. Legacy staffers write, “In the world of omnichannel logistics, it’s crucial that businesses know the status of their inventory and whether it’s at a distribution center or retail location. Poor Visibility into Inventory in Transit.

Why is Demand Forecasting the Way to Go?

Unleashed

As discussed in this article , demand forecasting is a seemingly straightforward concept to grasp yet can be difficult to achieve with 100% accuracy. In this article, let us consider some benefits of demand forecasting. Control ballooning inventory costs. Inventory incurs a significant amount of costs associated with its procurement, storage, protection and management. Inventory Control and Quality Control – What’s The Connection?

Judging Supply Chain Improvement: Campbell Soup Case Study

Supply Chain Shaman

We have found that supply chain metrics are gnarly and complicated.During We believe that a supply chain leader is defined by both the level of performance on the Effective Frontier (balance of growth, Return on Invested Capital, Profitability and Inventory Turns) and driving supply chain improvement. Resiliency is the tightness of the pattern, or the reliability of operating margin and inventory turns results.

Like A Green Lump of Clay….

Supply Chain Shaman

Q: Is it only inventory disrupting the agility resulting from inaccurate forecasts by S&OP? There are seven primary agility levers: Analysis of Form and Function of Inventory: Form of inventory is the decision of what form to hold the inventory in: raw material, semi-finished good or finished good. The less conversion of materials in the inventory strategy, the greater the flexibility of the supply chain. My iphone buzzed on my nightstand. I groaned.

Three Reasons Why SAP Supply Chain Planning Is a Risk to Your Business

Supply Chain Shaman

This article is written to help organizations better address this question. Why am I so bold as to pen an article to state that the investment in SAP SCM 7, and the migration from SAP APO, is a risk to your business? It bundles Integrated Business Planning, a Supply Chain Control Tower, Inventory and Demand/Supply planning into a new cloud-based architecture based on HANA.

My Take: E2open Buys Terra Technology

Supply Chain Shaman

As an analyst in the supply chain market for 15 years, I have written many articles on best-of-breed technology companies purchased by a larger company. In 2007-2014 Terra added inventory management, multi-tier demand sensing, transportation forecasting, and long-term forecasting. Traditionally E2open sold to the procurement organization.

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Three Reasons Why SAP Supply Chain Planning Is a Risk to Your Business

Supply Chain Shaman

This article is written to help organizations better address this question. Why am I so bold as to pen an article to state that the investment in SAP SCM 7, and the migration from SAP APO, is a risk to your business? It bundles Integrated Business Planning, a Supply Chain Control Tower, Inventory and Demand/Supply planning into a new cloud-based architecture based on HANA.

We Need Supply Chain Immunity, not Resiliency: A Position Paper

NC State SCRC

Resilience is the easy way out – it involves carrying a lot of inventory and redundancies in the supply chain that are wasteful. Not only were we not prepared, but our previous strategies had left us crippled by overseas supply chain dependencies, often accrued through the pursuit of low cost procurement. In this article we review the first, and address the second in detail.

Executive Advisor Michael Massetti on Supply Chain’s Image, Workforce Automation, and Supply Chain Challenges

Kinaxis

Procurement might have hit their cost savings metrics, but if it meant purchasing more than needed, and that might hurt your warehouse inventories. One thing that comes through in your LinkedIn publisher articles is your passion for the field. There’s a lot of fun – and I try to convey that with my articles. by Melissa Clow This guest post comes to us from Argentus Supply Chain Recruiting , a boutique recruitment firm specializing in Supply Chain Management.

Supply Chains Need to Transform: Into What?

Enterra Insights

I read a lot of articles about the need for supply chain transformation. Most of the articles discuss the importance of leveraging digital technologies like the Internet of Things (IoT); the cloud; 3D printing; robotics, blockchain, and cognitive computing. What is much easier to measure is cost — so that’s what drives the metrics and incentives.”[1]

What Going Digital Can Mean for Your Warehouse Operation

EFT

Supply chain management is the cornerstone of procurement, production and facilities management. In turn this ultimately will reduce logistics and transportation costs and further drive inventory control measures to new levels. Furthermore, many performance metrics can be implemented in to leading platforms to help organizations achieve goals from the ground-up. 1) Master Your Supply Chain.

Will the New Tax Bill Bring Overseas Profits Back Home?

Supply Chain Brain

Where in the past they might have focused primarily on days payable outstanding (DPO) as a financial metric, they’re now giving equal attention to days sales outstanding (DSO) and inventory levels. Comment on this article. Sourcing/Procurement/SRM SC Planning & Optimization EDI Communication (XML/EDI) Home Page Latest News Home Page Slider Editors' Blog All Technology North America

IMO 2020 is Here. Are You Ready?

Supply Chain Game Changer

IMO article and permission to publish here provided by Jenish Sheth. million metric tons annually. That represents a huge cost to the supply chain where each party tries to run lean, just-in-time inventory. That imposes other delays downstream in the process, affecting overall inventory and increasing costs unnecessarily. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Maritime Industry in Search of Blockchain Orchestrator!

What Going Digital Can Mean for Your Warehouse Operation

EFT

Supply chain management is the cornerstone of procurement, production and facilities management. In turn this ultimately will reduce logistics and transportation costs and further drive inventory control measures to new levels. Furthermore, many performance metrics can be implemented in to leading platforms to help organizations achieve goals from the ground-up. 1) Master Your Supply Chain.

Top 25 Supply Chains of 2018

Material Handling and Logistics

One of the most popular articles we’ve ever done is our look at analyst group Gartner’s annual ranking of the Top 25 Supply Chains. So the CSR score too is more of a popularity contest than a consistent metric. Enabling collaborative sales, inventory and operations planning are part of the company’s goals, as it seeks to more closely connect with its customers and supply base.

4 Common Supply Chain Cost Blowouts

Logistics Bureau

While this article is not going to focus on lean practices, the importance of keeping waste and process inefficiencies to a minimum can never be stressed enough when it comes to controlling expenditure and preventing cost blowouts in the supply chain. Implement performance metrics and monitor a selection of key performance indicator. Inventory. The problem is usually created by holding too much static inventory.

3 Reasons Why the Pharma Supply Chain is Ripe for Digital Transformation

Aera Technology

By placing “sensors” throughout its supply chain that gather data about inventory distribution practices and availability for every SKU, Merck has end-to-end visibility. This example reflects the industry shift to technological advancements that can offer not only a full picture of a company’s complex supply chain, but also suggestions for how that company can save money, move inventory smartly and make more intelligent supply chain decisions.

Data 40

New online insight hub revealed to increase intelligence resources for supply chain decision makers

EFT

In turn, we also hope to act as a catalyst for supply chain businesses and professionals looking to make the leap into sharing insights of their own; whether they can share new technology use cases, perspectives on trends, valuable data sets or industry initiatives from; sourcing and procurement practices to last mile delivery, – you can see that it’s a really wide reaching and exciting project to launch!

4 Best-in-Class Supply Chains To Watch and Learn From

Logistics Bureau

Unilever has sustainability at the very heart of its business model, extending all the way through the supply chain from distribution to procurement. Suppliers are measured using factual performance indicators covering pricing, quality, innovation, and reliability , to name but a few of the measurement components included in the “McDonalds Supplier Performance Index,” as the suite of metrics is known.

Supply Chain Management:Rapid Innovation will Differentiate the.

Infosys Supply Chain Management

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. In this same context of turning challenge into opportunity, as I pen this commentary, an article published in todays Wall Street Journal highlights current Amazon efforts to quietly deploy Amazon lockers within 24 hour grocery, convenience and drugstore outlets, where consumers can retrieve their Amazon purchases in a more secure and convenient manner. About Us.