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Procurement Fact File

Claritum

Claritum Article - Procurement Blog. We’ve read through some of the best analyst reports and surveys to bring you this procurement fact file containing some of the most interesting findings, statistics and quotes. Click here to download a printable pdf version of the procurement fact file. Procurement. source: (1 page infographic) AccentureOperations , High Performance Procurement (2015). Outsourcing of non-core procurement activities.

Omnichannel Retail Requires Close Collaboration with Logistics Providers

Enterra Insights

Omnichannel logistics challenges. The expectation of instant consumer gratification has businesses scrambling to shore up their supply chain to ensure cost-effective on-time delivery, which is where omnichannel logistics comes into play.”[3] ”[3] Legacy staff members identify 9 top omnichannel logistics challenges businesses generally face. Lack of Inventory Visibility and Metrics. Reverse Logistics.

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How to Get a Job in the Supply Chain Sector

Logistics Bureau

You are not alone, especially as in the time since we first penned this article, one huge and unforeseen event has raised awareness of the global importance of this vital sector—and shown it to be an attractive career choice. Review logistical functions and identify potential weaknesses.

How Many Slaves Are in Your Supply Chain?

Talking Logistics

The company is also stopping production in Ecuador, Venezuela, Belarus and Pakistan by April 2014 (these countries scored low in a World Bank report that assessed countries on accountability, corruption, violence, and other metrics). And as I highlighted last week, according to an article in the Wall Street Journal , “Wal-Mart Stores Inc., appeared first on Talking Logistics with Adrian Gonzalez.

Supply Chain Scams and Fraud!

Supply Chain Game Changer

One of our most popular articles is Freight Forwarding scams. Finance Freight and Logistics Inventory Management Procurement Risk Management Supply Chain ManagementSubscribe Here! Email Address. Subscribe to Supply Chain Game Changer.

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6 Trends to Make Supply Chain Managers the Heroes of Their Company!

Supply Chain Game Changer

Supply Chain heroes article originally published by, and permission to publish here provided by, Adam Robinson on [link]. . In the logistics aspect of the supply chain, this equates to better monitoring and adherence to guidelines governing drive time, fuel use, deadhead and more. Lean processes are standard in supply chains, including logistics, but 2018 will see a gradual transition to elastic logistics. Subscribe Here! Email Address.

7 Essential Attributes of Strategic Supplier Partnerships!

Supply Chain Game Changer

In a previous article about supplier management , I suggested that the more a supplier tells you that they are strategic, the less they really are. Whether the phrase refers to sourcing, procurement, relationships, or other matters, its use is prevalent. This article will identify a taxonomy for a strategic partnership between two parties. The baseline metrics for performance of a partner are the same operational parameters used for other suppliers. Subscribe Here!

Seasoned Leadership in Action? ? An Interview with Joe Carson, CEO Spend Strategies, LLC!

Supply Chain Game Changer

As an experienced business professional, he has served in diverse roles ranging from Marketing and Strategy, to Procurement and Supply Chain. Past leadership titles include Chief Procurement Officer at both Lucent Technologies and Micron Technologies, in addition to other leadership positions as Vice-President Supply Chain Management, Operational Excellence Executive, and Chief Strategy Officer. leadershipadvice #procurement #supplychainmanagement. Subscribe Here!

Supply Chain Collaboration – The New Way to Drive Value!

Supply Chain Game Changer

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. In this article, we will focus on key actions to ensure successful supply chain collaborations – productive collaboration and not a frustrating one; and turning supplier collaboration into a core competency. Improved customer service metrics.

The Case for Less Silos, More Intelligence in Supply Chain Management

Talking Logistics

Logistics, Manufacturing, Procurement, Sales and Marketing — these functional groups, for the most part, continue to operate independently from each other, each driven by their own objectives and metrics. In the insurance company [example referenced earlier in the article], the product developers kept the back office and customer service people informed, but they didn’t actively engage them in a joint effort. Break down your supply chain functional silos.

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Global Logistics and the Transportation Management Center: The Next Phase in Network Agility

BlueYonder

In my previous article on the evolution of transportation management, Driving Value from a Transportation Management Center: Think Global, Act Local , I discussed how transportation best practices were evolving from more rigid, centralized control towers to more flexible and collaborative Transportation Management Centers (TMC). Transportation & Logistics Global Logistics Network Agility transportation Transportation Management Center

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

NC State SCRC

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. At Flex, Tom had a scope that included the entire end to end supply chain: procurement, transportation, warehouse management, as well as customer order fulfillment, customer service, procure to pay, and trade relationships.

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. Tracking success: Metrics matter. Now Avaya is leading the way, exceeding industry benchmarks in 11 key metrics. Rigorous tracking of these metrics helps Avaya feel confident it’s on track to realize success. Inbound and outbound logistics planning. Procurement spend analysis.

Sorry, I’m Not Sure: Supply Chain and Logistics Predictions for 2018

Talking Logistics

I will be wrong again,” I stated last year before making my supply chain and logistics predictions for 2017 , and I was right. But I was right with some of my other predictions, especially my prediction that we would see a rise in cyber attacks in 2017, with supply chain and logistics operations becoming new targets. UPS Joins Top Alliance To Create Blockchain Standards For Logistics. Kenco Group (a Talking Logistics sponsor) is a great example. Source: Evan, Flikr. “I

Collaboration in supply chain management is key

Kinaxis

by John Westerveld When scrolling through my news feed Friday, I found this article from SCN : “ Collaboration Key in Creating Competitive Advantages Through Supply Chains “ The article describes research recently published by the University of Tennessee, Knoxville’s Global Supply Chain Institute. As the article points out, great companies start and end improvement projects with the customer.

Profitable Agility: Part 2 of Agility and Resilience in Supply Chain Execution

BlueYonder

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.”.

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. Like the ones caused by the escalated tariffs, the changes caused by IMO 2020 will require importers and exporters to work with logistics experts to find solutions that preserve the integrity of supply chains and the profitability of their businesses. Refiners must focus on relationships with suppliers and other logistics companies now to negotiate term deals for fuel.

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.

Supply Chain Management Moving Up the Business Ladder

Kinaxis

There’s a common refrain among Supply Chain – and Procurement – Professionals that the board “doesn’t understand” the value that they bring to the table. They need to provide quantified metrics that board members can understand. Fill rate and asset utilization, for example, don’t mean much to board members, so Supply Chain professionals need to work to translate Supply Chain success into financial metrics that are understandable to the wider business community.

“Collaboration” is becoming a bad word…in some circles

NC State SCRC

For instance, recent articles in the Harvard Business Review and the Economist emphasize that collaboration has reached the point of “godliness” in modern business, and that managers are overwhelmed with collaborative tools. they estimate the “soft costs” of collaboration are enough to procure a small company Learjet! This ensures that all parties are “speaking the same language” and are using comparable metrics and plans.

The Transportation Management System Barbell

Talking Logistics

One of my supply chain and logistics predictions for this year was that the transportation management system (TMS) market will become more barbell-shaped ( mirroring what is happening in the third-party logistics industry ). “We’re Based on recent announcements by LeanLogistics and MercuryGate (which are both Talking Logistics sponsors), it looks like the broader, more integrated, and feature-rich end of the TMS barbell is getting larger.

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

Cerasis

Metrics and Key Performance Indicators (KPIs) measure how well the shipper-transportation provider does in daily continuous improvement. Create daily route designs, complete real time track and trace, generate real-time metrics , and complete daily problem solving. Hopefully, this article has given you some key concepts to remember as you focus on how to make transportation a strategic differentiator for your firm.

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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. If you’re a Procurement professional, what was your spend? Logistics? Procurement? According to O*NET OnLine, a supply chain manager earns $103,530 per year in average.

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Can Supply Chains Adjust to a Circular Economy Over the Next Decade? Part 2

Enterra Insights

As I noted in Part 1 of this article, analysts at Gartner predict circular economies will replace today’s wasteful linear economies over the next decade or so. ”[1] Commenting on the Gartner prediction, the editorial staff at Material Handling & Logistics (MH&L) write, “Supply chain officers need to take note of the fact that both consumer and shareholders are clearly shifting toward sustainability.

5 Social Media Tips for Supply Chain Leaders!

Supply Chain Game Changer

Argentus is a boutique recruitment firm focused on Supply Chain and Procurement. Supply Chain Management and its related functions (Procurement, Planning, Vendor Management, Logistics, Operations) are on the opposite end of the spectrum from functions like sales and marketing – areas where your brand is everything. If you feel stuck or siloed in a certain function, it can give you the opportunity to speak out about other topics within Supply Chain and Procurement.

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Three Lies and a Truth

Supply Chain Shaman

I have averaged about 100 articles a year. 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. I also believe that it is because the organization is not incented to manage cash-to-cash metrics. The strong functional silos focus on their own metrics which seldom include the cycle metrics of inventory turns, working capital or cash-to-cash.

Selecting a 3PL – 9 Things Every Shipper Should Know

The Logistics of Logistics

Non-asset based 3PLs use the assets from other logistics companies. Pros: If the 3PL is good at procurement, they can build a large network of partners / carriers. Asset light 3PLs own physical assets and also partner with other logistics companies similar to non-asset based companies. The most important measure is the Paydex metric. Look for a 3PL that beats the logistics industry average. Metrics / Key Performance Indicators (KPI).

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The Supply Chain Detective™ and the Inventory Turnover Mystery!

Supply Chain Game Changer

Featuring Our 10 Best Inventory Management Articles! The company I had just joined went to market declaring that it was a world leader in Distribution and Logistics. 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. First I would talk with the 3 main people in charge of the Inventory Management and Procurement buying functions within the company.

What is the return on ERP implementation? Results from our research

Supply Chain View from the Field

Such systems are also instrumental in establishing aligned tactical and strategic performance metrics systems that drive improved economic outcomes (Bendoly et al., ERP systems are designed to integrate transactions from finance, human resources, procurement, operations, sales and marketing, logistics, and other functions in a firm. procurement activities. Please go to the IJOPM website to download the article if you’d like more details!

Selecting a 3PL – 9 Things Every Shipper Should Know

The Logistics of Logistics

Non-asset based 3PLs use the assets from other logistics companies. Pros: If the 3PL is good at procurement, they can build a large network of partners / carriers. Asset light 3PLs own physical assets and also partner with other logistics companies similar to non-asset based companies. The most important measure is the Paydex metric. Look for a 3PL that beats the logistics industry average. Metrics / Key Performance Indicators (KPI).

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Reducing Survey Fatigue with Smart & Scalable Supply Chain CSR Solutions

EcoVadis

In the recently released EcoVadis/HEC Sustainable Procurement Barometer , 97% of organizations surveyed consider sustainable procurement important or critically important. It is clear that mass adoption of sustainable procurement has arrived. Organizations have realized that sustainable procurement , and understanding the sustainability of their supply chains, is a core tenant of any modern sustainability program.

Supply Chain Agenda of Pierre Mille, VP Group Planning & Customer Service Excellence at Carlsberg Group

Supply Chain Movement

His task – together with his colleagues from procurement, production and logistics – is to simplify the global supply chain while acknowledging that consumers are often very emotionally attached to a particular beer brand. As a supply chain we are integrating on-shelf availability, distribution, warehousing, logistics, production, procurement and communication with our suppliers, yet leave intact the intimacy within the individual markets regarding sales.

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.

Judging Supply Chain Improvement: Campbell Soup Case Study

Supply Chain Shaman

We have found that supply chain metrics are gnarly and complicated.During In our program, cost avoidance, while desirable, does not count towards the metric. Our approach simply breaks accountabilities and goals across the areas of Manufacturing, Logistics/Network Optimization and Ingredients/Packaging. We would not have succeeded without a team effort across R&D, the business leaders, and SC disciplines of engineering, procurement, and manufacturing.

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. In fact, BMW has adopted any number of digital production technologies, such as data analytics, smart logistics and 3D printing.