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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?

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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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. For sales and operations staff alike, the inability to access current orders, inventory and production information is often a significant source of frustration and waste. In some instances, sales can become risky; procurement staff maintain higher buffer stock levels as a safety net.

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.

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.,

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. What forms of cognitive solutions are emerging to drive real-time decision-making and predictive sourcing capabilities? What sources of data must be developed and adopted to support these analytical solutions?

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.)

Ensuring Workers’ Rights in Global Supply Chains

Supply Chain Brain

Often it’s those deeper levels that are the source of violations or inadequate working conditions. 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.

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

Supply Chain Brain

It’s the model under which companies draw on talent from multiple sources, including in-house staff, outsourced services providers, and freelancers. Talent today comes from the source that meets a company’s needs of the moment. As with any supply chain, it all begins with the source. Comment on this article. Quality & Metrics All Technology Sourcing/Procurement/SRM SC Planning & Optimization Home Page Latest News

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. The on-going tariffs levied by the Trump administration in 2018 against China has also made this option significantly more expensive for sourcing.

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.”

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.

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 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.

How to Create Collaborative Innovation with Suppliers!

Supply Chain Game Changer

Supplier bases are a great source of potential innovation. 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. innovation #supplychainmanagement #procurement #purchasing.

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!

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). In some cases, purely transactional suppliers in regional or out-sourced models may be placed below the level of “approved” in this model. 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.

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. As a sourcing manager, you may need to go outside your comfort zone to think about new, innovative ways to collaborate for achieving sustainability because Collaboration comes in more than one flavor! Improved customer service metrics.

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.

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.

Is Covid-19 the Death of Global Supply Chains?

Supply Chain Game Changer

Death of Global Supply Chains article and permission to publish here provided by Sam Jenks at kodiakrating.com. Many supply chain, sourcing & procurement teams have been asked to row upstream without a paddle during this time of crisis. Subscribe Here! Email Address.

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

Talking Logistics

Source: “The Case for Less Silos, More Intelligence in Supply Chain Management,” webcast presentation by Adrian Gonzalez, Adelante SCM. 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. Break down your supply chain functional silos. This advice is not new.

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The WSJ Drucker Management 250 List: NC State’s Input into the Ratings

NC State SCRC

Professor Rob Handfield met with Lawrence Crosby during that period, and discussions focused primarily on how supply chain innovation and social responsibility metrics would figure into the list of top companies. Based on several iterations of discussions, reviews of metrics, and benchmarking, the team settled on a system for assessing two important indications of supply chain performance.

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

Bait and Switch

Supply Chain Shaman

Source Merriam-Webster Dictionary. 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. Bait and switch: A form of fraud.

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

Cerasis

The are the 8 Rights of Lean Transportation thinking: Right Materials, Right Quantity, Right time, Right Place, Right Source, Right Price, Right Quantity, and. 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.

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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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The Transportation Management System Barbell

Talking Logistics

Meanwhile, earlier this week MercuryGate announced the availability of MercuryProcure , a freight sourcing and procurement solution that allows users to manage requests for proposals (RFP) for all transportation modes with a single system. Users have the ability to provide rich lane metrics to carriers as well as their standing in the current bid process.

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. They must also develop new product ranges, production processes, sourcing strategies and distribution channels. The approach involves new procurement methods that promote asset sharing (for example, cars), grounded in new distributed models and infrastructure.”

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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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. Source ID. Source ID. Source ID. Source ID. In particular, the company has been criticized for its long-time practice of using local water sources for its products. Source ID. Source ID. Source ID. Source ID.

COVID 19: Supplier Partnerships, time to break the taboo

Proxima

Sure, these are things that many Sourcing and Category Managers think about regularly anyway, but when time and resources are stretched thin or focused elsewhere during a crisis, it is precisely these areas that need prioritization and dedicated attention. The only way to understand total cost is to digest quantitative and qualitative metrics about goods and services procured, but also about the suppliers providing them. We are, all together now, in the throes of crisis.