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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.

Sustainable procurement: a platform to rebuild

Proxima

Out of 502 participants from business owners to Directors, 86% said that they currently use sustainability as a metric to help shape decision making within their business. As we have said in other Proxima articles, the CPO can be an advocate here, but organizations need to be joined up on its purpose, from the customer all the way back through the supply chain, to the leadership. The post Sustainable procurement: a platform to rebuild appeared first on Proxima

The Future of Procurement Is Upon Us. Are You Ready?

ivalua

Niul Burton wrote a great article in Industry Week titled “Procurement 2025: 10 Challenges that Will Transform Global Sourcing”. For those of you who are executives in Supply Chain, Procurement or New Product Introduction/Development, this is a must read. Burton predicts a further evolution of what we are seeing already in the market—Chief Procurement Officer’s (CPO) roles are changing rapidly. Check out Burton’s article and then check out Directworks.

Why a Cashmere Sweater Can Cost $2,000 — or $30

Supply Chain Brain

The price depends on the quality of the yarn, where the garment was manufactured, the number of units purchased by the brand, and the markup. These days, manufacturers frequently make the clothes out of a mix of lengths to balance quality with cost. Read full article. Quality & Metrics SC Analysis & Consulting Global Supply Chain Management Apparel Retail All Technology Sourcing/Procurement/SRM Home Page Latest News Home Page Slider Featured Content

Gaining Sponsorship For Your Digital Procurement Transformation Project

HICX Solutions

Business users typically deal with business processes, rules, requirements, metrics, reports and so on. Normally these are transactional systems for finance, procurement, compliance and legal. Procurement – a category manager is trying to drive volumes to specific suppliers so they want to review all new onboards for their category. Quality – if a manufacturing location changes this is normally not desirable, so they should be aware so that they can take appropriate action.

Ensuring Workers’ Rights in Global Supply Chains

Supply Chain Brain

Just about every major manufacturer has a supplier code of conduct to ensure that workers are treated humanely. Most global supply chains are made up of multiple tiers of manufacturing, stretching from production of raw materials to final assembly. Original equipment manufacturers (OEMs) might even be unaware that their products are being made at an unapproved and non-compliant location. Comment on this article.

How Many Slaves Are in Your Supply Chain?

Talking Logistics

The law requires “retail sellers and manufacturers doing business in the state [with over $1 million $100 million in annual worldwide gross receipts] to disclose their efforts to eradicate slavery and human trafficking from their direct supply chains for tangible goods offered for sale, as specified.” And as I highlighted last week, according to an article in the Wall Street Journal , “Wal-Mart Stores Inc.,

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!

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.

Supply Chain Collaboration – The New Way to Drive Value!

Supply Chain Game Changer

On the supply side, however, there is less and less room for manufacturers to absorb additional costs as volatile input prices put the squeeze on margins and the marketing investment required to differentiate branded products from private-label competitors continues to rise. 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.

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 Is the True Cost of Eating Meat?

Supply Chain Brain

In 2016, the world’s meat production was estimated at 317m metric tons, and that is expected to continue to grow. Department for Environment, Food and Rural Affairs, in 2014 the food and drink manufacturing sector contributed £27bn to the economy, and employed 3.8 Read full article. All Technology SC Planning & Optimization Sourcing/Procurement/SRM Supply Chain VisibilityWhat are the economics of meat?

What Is Old Is New Again. Maybe, Just Maybe, the Emperor Is Getting Some Clothes.

Supply Chain Shaman

Over the Memorial Day weekend, I stumbled on an old article that I wrote in 2001. It was funded by 50 large consumer products manufacturing companies (CPG). In the dawn of e-commerce, conservative manufacturers, anteed up $240 million in four months. In the Gartner article, I cautioned companies to invest only if three conditions were met: A well-defined scope. In the height of the e-commerce craze, the marketplace offerings started with a focus on e-procurement.

Global Sourcing and Human Rights Go Hand in Hand

NC State SCRC

Low-cost country (LCC) sourcing is now a commonplace strategy for shrinking bottom line labor and material costs in most consumer products industries, including apparel, footwear, toys, and other manufactured products. However, our research suggests that most organizations do very little to truly monitor human rights violations in their low-cost country supply chain manufacturing locations.

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. For example, I remember speaking with the Director of Transportation Services at a large CPG manufacturer a few years ago. Break down your supply chain functional silos. This advice is not new.

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Are Universities Training Students for Obsolete Jobs? And Where Does Supply Chain Fit in?

Kinaxis

Analysts have also long-discussed how automated manufacturing has replaced middle-class domestic manufacturing jobs. There’s a proliferation of articles on business websites talking about how financial reporters, legal associates, financial analysts, and online marketers are already under threat of automation, with other, more skill-intensive white collar professions to follow. As a recent SCMA article put it , “The best Supply Chain Management jobs don’t even exist yet.”.

Bait and Switch

Supply Chain Shaman

There are a number of newly anointed experts writing articles about becoming demand driven. I like the idea that this old concept is gaining new steam; but unfortunately, too few people writing the articles really understand the concepts. The article is written and the story is spun, but the solution offered is a supply-centric solution based on yesterday’s technology. What the articles that flood the market do not tell you about is: Slow Adoption.

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. He explains, “Many of the materials that are utilized during manufacturing exist solely within the confines of the supply chain and never exit it in the form of the product or packaging. As the name implies, a circular economy is one in which the loop between manufacturers and consumers is closed.

Using the Bits: Building Digital Outside-In Processes

Supply Chain Shaman

I am passionate about the topic of the digital supply chain, and I apologize in advance for the length of this article. He reflected on his emotions when his CEO threw down a Harvard Business Review article on Big Data and customer-centric sentiment/social information and asked Anthony how he was going to do it. For most companies, the traditional focus is on the management of order to cash, procure to pay and forecast to deliver processes. Digital Manufacturing.

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

Supply Chain Shaman

High-tech manufacturers in the Silicon Valley of the United States are some of the best at supply chain planning. This article is written to help organizations better address this question. I also believe that SAP is one of the best, if not the best, ERP system for most process manufacturers. 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?

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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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.

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. Used as a one-to-many data model for sourcing and procurement by companies like IBM, Cisco Systems, Dell, Motorola, Seagate, and Vodafone , there is much promise; but in the last five years the Company, plagued by execution issues, encountered problems. 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

High-tech manufacturers in the Silicon Valley of the United States are some of the best at supply chain planning. This article is written to help organizations better address this question. I also believe that SAP is one of the best, if not the best, ERP system for most process manufacturers. 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?

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.

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. They have been touted as the key to manufacturing excellence and supply chain integration… But what is the real ROI on ERP system implementation?

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. Today, I don’t deal with the product as much as a service provider, but I have electronics companies, I have consumer goods companies, and I have manufacturing companies that I work with.

Like A Green Lump of Clay….

Supply Chain Shaman

These can be shift in the channel, issues in manufacturing, increasing variability in transportation, or a shift in commodity prices. Alternate Bill of Materials and Alternate Sourcing: The more alternatives that exist through the manufacturing and procurement processes, the easier it is to design the supply chain to absorb cost and supplier variability. Flexible Manufacturing Scheduling Practices: The design of manufacturing processes to flex with market fluctuations.

This Week in Logistics News (February 18-22, 2013)

Talking Logistics

CombineNet and Transplace Extend Partnership in Delivering Advanced Transportation Procurement Solution to North America. According to the press release: Transplace leverages the CombineNet ASAP® advanced e-sourcing technology as part of its expert solutions, helping customers develop and optimize their carrier strategy for procurement events involving truckload, less-than-truckload (LTL), and intermodal needs.

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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.

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.

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. Also, for whatever reason, Gartner limits the scope of the Top 25 to companies in the manufacturing, retail or distribution sectors.

What Going Digital Can Mean for Your Warehouse Operation

EFT

Supply chain management is the cornerstone of procurement, production and facilities management. Many Lean Manufacturing or Six Sigma Methodologies champion this while calling for process improvement and business optimization through faster, safer and more comprehensive approaches. 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.