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?

7 KPIs Your Procurement Team May Be Ignoring!

Supply Chain Game Changer

Article, and permission to publish here, provided by Sam Jenks at [link]. Procurement bridges the gap between product, internal stakeholders and customers. In order to support the weight of internal and external expectations, Procurement teams must be prepared to perform as a key value adder within an organization. A Procurement strategy should be structured with a clearly defined set of goals and an overarching vision. Procurement ROI. Subscribe Here!

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A New Decade: Give Science A Chance

Supply Chain Shaman

My goal in this article is that we need to start this decade by giving science a chance. In short, his vision of an end-to-end supply chain was transactional: better processing of order-to-cash and procure-to-pay.

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

OneSCM

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. It becomes more difficult to build a partnership with suppliers because the relationship is based on a narrowed scope of performance metrics.

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

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.

CAPS Procurement Analytics Study Highlighted in Inside Supply Management

NC State SCRC

This month’s Inside Supply Management published by the Institute for Supply Management features an article announcing the launch of a study being undertaken by the Center for Advanced Purchasing on the evolution of procurement analytics. Examples include mapping product and service genomes, “block chains”, embedded procurement solutions, elimination of purchase orders, buyer assistance, and other solutions). There are an incredible number of procurement platforms.

Purchase Price Variance (PPV)! A Profit or Loss Opportunity?

Supply Chain Game Changer

Featuring Our 12 Best Procurement Articles! Purchase Price Variance, or PPV, is a common term in the realm of Purchasing/Procurement and Finance. For some, PPV is a mechanical metric only, measured and reported on but without any further attention paid to it.

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Siemens BT: Every analytical transformation requires a “Jonah Hill”

NC State SCRC

This effort was led by the Chief Procurement Officer for Siemens BT, Carl Oberland, but has recently been rolled out across the global organization. In addition, Carl assigned a person who could work on access databases, and began by combining procurement data for 5 divisions into a single database. “The We created a visualization platform to focus on internal operational, and customer-facing metrics, which is NOT part of R&D’s scope of work – so we not on your turf.”

Healthcare Supply Chain Software: Features You Need

Hybrent

Electronic Procurement. 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. Blog Articles Approval Workflows e-Procurement Integrations Inventory Management Invoicing Order Tracking Preference Cards Reporting Supply Chain ManagementHealthcare supply chain management software has the potential to improve efficiency and delivery cost savings.

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

Supply Chain Brain

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 ContentMade from the softest wool produced by certain breeds of goats, such as the Zalaa Ginst white goat and Tibetan Plateau goat, cashmere was once reserved for the wealthiest fashionistas. Napoleon Bonaparte’s wife helped popularize the fabric.)

Guest post: Technology Solutions Are The Secret Weapon For Bringing CSR Into Procurement

EcoVadis

Procurement technology should make it easy to source ethically. Supply chain transparency is one of the key challenges facing Procurement and Sourcing in the coming years. The same is true of Procurement solutions: the abilities – and limits – of the technology play a key role in shaping buyers’ expectations of their own abilities. This is making parts of the supply chain transparent for the first time – which is a very exciting prospect for ethical Procurement.

What is Supplier Diversity?

Supply Chain Game Changer

Manage Procurement Spend Like It’s Your Own Business! Specifically in the area of Procurement there has been a history associated with attempts to direct spending toward diversity owned businesses. ProcurementSubscribe Here! Email Address.

Could the CPO Be Replaced by the Chief Value Officer?

Supply Chain Game Changer

Procurement – How to Enable Spend Aggregation! Article originally published at, and permission to publish here provided by Nikita S at, [link]. . What is the role of the Chief Procurement Officer? Procurement is the process of translating customer requirements into the selection of highly capable suppliers, to timely, accurately, cost-effectively deliver high quality, mission-critical inputs and raw materials to internal customers. Subscribe Here! Email Address.

Ensuring Workers’ Rights in Global Supply Chains

Supply Chain Brain

Comment on this article. Regulation and Compliance Quality & Metrics All Technology Supply Chain Visibility Sourcing/Procurement/SRMJust about every major manufacturer has a supplier code of conduct to ensure that workers are treated humanely. Too often, however, those documents fail to prevent unacceptable working conditions. In a typical global supply chain, involving multiple tiers of production, the chances of failure are alarmingly high.

How to Benchmark Your Supply Chain

Logistics Bureau

The performance measurement pillar, which is the one used for benchmarking, is essentially a hierarchy of key performance indicators (KPIs), comprising more than 150 metrics organised into two levels. Articles Benchmarking benchmarking benchmarks external benchmark internal benchmark KPI SCO

Where Will Companies Find Their Future I.T. Expertise?

Supply Chain Brain

Comment on this article. Quality & Metrics All Technology Sourcing/Procurement/SRM SC Planning & Optimization Home Page Latest NewsThe need for tech expertise is greater than it has ever been — and growing. The increasing sophistication of information systems, coupled with business’s ever-expanding reliance on technology to handle critical processes, raises big questions about where that support is going to come from in the years ahead.

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. Procurement Analyst.

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.,

How to Create Collaborative Innovation with Suppliers!

Supply Chain Game Changer

But, unlocking collaborative supplier innovation requires clearly defined strategies and operations by a sourcing, procurement and/or purchasing team to ensure that suppliers’ competencies are being leveraged to their fullest potential. This article should serve as a starting point for creating and/or enhancing collaborative supplier innovation. I would like to offer four things a procurement team must know when generating collaborative innovation with suppliers.

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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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. Communicating the value of data for procurement transformation. Digital Transformation digital transformation procurement transformation

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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.

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.

Guest Post: An MBA student’s perspective on the ISM Meeting 2019

NC State SCRC

This automation will impact recruiting strategies, job descriptions, KPIs/metrics, operating models, roles that we have/don’t have any longer, training programs, etc. The procurement function has experienced much growth over the past 15 years and is viewed as an enabler of driving innovation and change. Articles Director's Blog Emerging Issues in Supply Chain MBA Supply Chain MBA Supply Chain Programs SCM Features Supply Chain Students Supply Chain Talent

Hospital Supply Chain Management Software: 8 Features You Need

Hybrent

Electronic Procurement. 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. Blog Articles Hospital Supply Chain Management Supply Chain SolutionHospital supply chain management software has the potential to improve efficiency and delivery cost savings.

10 Greatest Purchasing Books Ever Written

Supply Chain Opz

In this article, we will uncover the best purchasing books to help you get the edge over competition. After that, we collect various metrics of each purchasing book as below, - Citation counts: a basic bibliometric method showing how many times a book is cited by other publications. Of course, this metric will not be used in isolation. What are the essential purchasing books you should read?

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.

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!

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]. . Supply chain managers refocus their efforts to increase adherence to perfect order metrics and leverage marketing capabilities and capacities to their fullest potential. Guest Blog Post Human Resources Procurement Supply Chain Management Business Freight HumanResources Leadership Logistics SCM supplychainSubscribe Here! Email Address.

Coronavirus Crisis: The Lessons Procurement Must Learn From COVID-19

HICX Solutions

As such, all divisions of all organisations – including procurement – have had to adapt to support rapidly changing priorities. The organisations faring superiorly better under the pressures of COVID-19 are those that are supported by procurement divisions whose vision has gone far beyond merely supporting processes, to one of managing relationships. ” If you found this article useful, take a look at our other resources here.

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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. Read full article. All Technology SC Planning & Optimization Sourcing/Procurement/SRM Supply Chain VisibilityWhat are the economics of meat? Food and farming is one of the biggest economic sectors in the world.

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. Procurement spend analysis.