Establishing Procurement as a Competitive Advantage

ivalua

In my previous posts, I looked at how to successfully launch a digital transformation and progress to best-in-class Procurement. Global automotive component supplier Meritor is a great example. The same applies to Procurement. Alex Saric, CMO, Ivalua.

Speed, Collaboration and Innovation – Key Words for the New Procurement Decade

ivalua

Or the automotive firms, who watched Tesla with the condescending view that electric cars would just be a fad, until they also realised the true potential. What does this mean for procurement and supplier management?

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Inbound logistics requirements for the new automotive supply chain

The Network Effect

Earlier we discussed the fact that the “procure to pay” business transaction cycle includes transportation events such as tendering, pick up, in transit, dock scheduling and deliver along with full track and trace. Automobile Auto automotive demand-driven logisticsSMMT/Ltd Flickr.

What is an ASN and why is it so important to the automotive supply chain?

The Network Effect

This transaction is represented by the “procure to pay” cycle. If you’d like to know more on this and related subjects, I recommend you read the new Automotive Inbound Supply Best Practices whitepaper. The post What is an ASN and why is it so important to the automotive supply chain?

Collaboration in the Automotive Industry: Enabling Intelligent IT-Managed Supply Chains

Talking Logistics

When you consider the increasing complexity of the automotive supply chain, collaboration continues to play an important role. It’s about creating a common cross-company basis that integrates all participants on a procurement or distribution level. In this context, the cloud is considered an enabler of collaboration in the diverse world of the automotive industry.

Key Automotive Attractions and Pit Stops at Explore 2019

QAD

We have a lot in store for you and your colleagues, so please consider this roadmap of key attractions and pit stops for this year’s automotive sessions at QAD Explore 2019. Procure to Pay – A Day in the Life.

Supply Chain Management in the Automotive Industry

Supply Chain 24/7

In this paper, we discuss why industrial computing plays a major role throughout the entire automotive supply chain, from allocation and storage of raw materials and components to production and delivery to timely spare parts procurement

Automotive Procurement: Time to Rethink Supplier Consolidation?

Supply Chain Brain

The concept of sole sourcing is as old as that of strategic sourcing. Call it vendor consolidation, volume concentration, or reduction of part-number proliferation, the endgame is always the same: reduce the number of vendors at the part and enterprise levels, to help drive cost efficiencies

7 Trending Business Practices Disrupting Procurement!

Supply Chain Game Changer

7 KPIs Your Procurement Team May Be Ignoring! The Escort joined its fellow junk metal comrades in an automotive-parts junkyard a few miles away from my childhood home. Procurement is a business function that has undergone a lot of change in the last few years. Subscribe Here!

Addressing UN Sustainable Development Goal 8: Helping Automotive Businesses Tackle Modern Slavery

EcoVadis

Modern slavery and poor working conditions are tough challenges to circumvent for any industry, and the automotive sector faces unique obstacles. The automotive industry relies on both intellectual and physical labor. The Automotive Industry Action Group (AIAG) is such an initiative.

7 Tips: A Guide to Mastering Procurement

Material Handling & Logistics

With the digitization of the source-to-pay process being a key initiative for many chief procurement officers, to the inherent automation which promises to accelerate innovations such as artificial intelligence (AI), digitization is growing.

Supplier information challenges in the automotive industry

ivalua

Recently, I had the pleasure of hanging out with 16 different Tier 1 automotive manufacturers in the same evening. Quite a few of our customers are located in the Detroit area where we recently hosted a networking event featuring Nexteer Automotive.

Transforming, innovating, and leading the future of automotive with AI-powered indirect procurement

Xeeva

She warned that the automotive industry is transforming and if you don’t follow suit, you risk getting left behind. Related: Don’t be basic – the current state of AI in procurement. Let’s dig into four of the ways AI can solve some of your biggest indirect procurement problems.

How to solve the problem of imperfect procurement data in automotive

Xeeva

If you work in indirect procurement, you’re definitely familiar with the problem of imperfect procurement data. Related: Scoring your 2018 automotive spend data: take it from awful to AWESOME! Procurement

Supplier Information Challenges in the Automotive Industry

ivalua

Recently, I had the pleasure of hanging out with 16 different Tier 1 automotive manufacturers in the same evening. Quite a few of our customers are located in the Detroit area where we recently hosted a networking event featuring Nexteer Automotive.

Supplier Cartel Activity and Sustainable Procurement

EcoVadis

Anti-competitive practices remain a peripheral CSR issue for most companies , particularly in the context of sustainable procurement. Moving beyond compliance: Sustainable Procurement.

New Goals for Procurement – Driving Revenue Growth Through Supplier Collaboration

ivalua

Procurement professionals need to think in more innovative ways about how we can drive competitive advantage and shareholder value for our organisations. In every case here, it’s clear that procurement has a potential role to play.

Smart farming: How procurement and supply chain can brace for challenging times

SupplyOn

Tomasevic, Chief Procurement Officer of the AGCO Group. He established the link to an automotive conference whose trend topics also apply to the agricultural sector: Decarbonization for an improved, because lower “Carbon Footprint. He also explained the impressive transformation process with which ZF is preparing for the challenges of the future – with strategic partnerships, agile teams, a future-proof procurement strategy and the supplier network via SupplyOn.

Is Single Sourcing, or Sole Sourcing, Dead?

Supply Chain Game Changer

In many cases the use of single sourcing, or sole sourcing, Procurement strategies has limited the ability for Supply Chains to access alternate sources of supply and more rapidly support higher than normal demand levels. procurement #purchasing #sourcing. Subscribe Here! Email Address.

The drive for a New Wave of Easy-to-use Procurement Products

Claritum

Claritum Article - Procurement Blog. As featured in the ‘ The 10 Most Innovative Procurement Solution Providers ’ article published in the September 2017 Insights Success Magazine , Claritum discuss the drive for a New Wave of Easy-to-use Procurement Products….

IvaluaNow – the Morning After the (Louvre) Night Before

ivalua

Duncan Jones from Forester then presented on “Executing a Successful Procurement Transformation”. Forester and Ivalua collaborated on a recent survey of procurement executives, and one finding from Jones was that most firms “don’t realise how far they lag behind the leaders”.

Why Cars Are Cheaper Than You Think

Supply Chain Brain

Global Supply Chain Management Global Trade & Economics SC Analysis & Consulting Automotive Retail All Technology SC Planning & Optimization Sourcing/Procurement/SRM Supply Chain Visibility SC Finance & Revenue Mgmt Perhaps the greatest engineering feat in the auto industry this century isn’t mechanical but financial: getting people to spend luxury money on milquetoast vehicles — turning Ford and Chevy hamburgers into steak.

What is driving logistics in the automotive industry?

SupplyOn

Companies in the automotive and logistics industries have begun implementing these approaches with the technological options available today. The successful digitization of industry-specific procurement strategies is making massive progress and continues to serve as a role model and benchmark for other industries. What’s more, the tool enables the company to maintain its supply capabilities to the automotive OEMs by reallocating inventories and production programs.

Marion Kohlmeier: ‘Expansion in our global footprint has been a big step’

Supply Chain Movement

These are mostly for the automotive industry so project lead-time, between nomination and the start of series production is usually about two years. Before a project begins we go through a calculation phase to cost the logistics processes, packaging and procurement of new parts.

Hitting The Brakes On Out Of Control Supplier Master Data W/ Cyrille Naux

ivalua

Managing Director, Art of Procurement. Everything procurement delivers – from savings to risk mitigation to value – is predicated on having access to clean, trustworthy data. Why they found it absolutely necessary to organizationally separate sourcing from procurement.

10 Vital Supply Chain Lessons from the Coronavirus Pandemic!

Supply Chain Game Changer

Automotive manufacturers are looking to manufacture ventilators. Total cost of ownership (TCO) is a Procurement sourcing methodology which entails taking into account all aspects of doing business with a supplier, not just unit costs. Freight and Logistics Procurement Strategy Supply Chain Management Disaster RecoverySubscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Coronavirus Exposes Global Supply Chain Fragility!

Iran 72

What’s the Difference Between Commodity Management and Category Management?

Supply Chain Game Changer

Procurement (and Purchasing) Job Interview Questions & Answers. In these industries a segment of the Procurement organization is called Commodity Management. At its core each group was procuring goods. commoditymanagement #categorymanagement #procurement #purchasing.

Driving Profitable Growth Through Effective Supply Chain Management

Supply Chain Nation

As an example, having visibility into the raw material needs at a global level provides significant leverage for the procurement team with key suppliers. Suppliers also can enjoy considerable economies of scale enabled by better planning and improved visibility into their customers’ global procurement needs. Automotive Inventory Supply Chain Supply Chain Planning Visibility agility business planning flowcasting S&OP segmentation

SCRC Partner Profile: A Textbook Transformation at Biogen-Idec

Supply Chain View from the Field

Although strategic sourcing capabilities are well established in industries ranging from automotive to electronics, they are still in the formative stages in the biotechnology sector. In addition, much of the power in decision-making lies in the hands of clinical trials scientists, who often have power over procurement decisions. Prior to 2009, support for PO&T sourcing and procurement was provided by a corporate sourcing group under a centralized business model.

Is it time to integrate your supply chain design with execution?

JDA software

its transportation management and how well it continually procures, plans, executes and monitors freight. It wasn’t that long ago that integrating all the strategic, operational and tactical aspects of your end-to-end supply chain was considered a pipe dream. Times sure have changed!

Transportation Market Update Outlook – Where Are We Headed?

Talking Logistics

Ben Cubitt is senior vice president, procurement and engineering at Transplace. Current Capacity Outlook. Despite a difficult first three quarters of 2018, the market began to show signs of softening and improved capacity in Q4.

Coronavirus Highlights Fragility of Global Supply Networks

Jaggaer

Procurement professionals around the world are sitting up and paying attention, especially in sectors with globally integrated supply chains. S upply chains around the world that have been most heavily impacted include high-tech , pharmaceutical and automotive industries.

China 72

The Origins of Category Management

Supply Chain View from the Field

Later when I worked at Chrysler, we were the first automotive company to leverage the steel buy. I was fortunately enough to have a fascinating discussion with Steve Zimmer, who currently leads a team at US Car.

Defining spend leakage: why the traditional definition isn’t enough

Xeeva

We recently held a webinar with Spend Matters about ways procurement organizations can put a stop to spend leakage. Related: Having trouble controlling your procurement spend? Procurement

Drawing Lessons From Tesla’s Supply Chain Issues!

Supply Chain Game Changer

Argentus is a boutique recruitment firm focused on Supply Chain and Procurement. Similarly to what we did with analysis of Target’s Canadian misadventure , we wanted to see what lessons we can draw from Tesla’s Supply Chain issues that might be useful in industries other than automotive manufacturing. Argentus is a boutique recruitment firm focused on Supply Chain and Procurement. SupplyChain #CEO #Leadership #Tesla #Business #Automotive #SCM. Subscribe Here!