SCMDOJO

DECEMBER 11, 2023

In the realm of efficient procurement management, understanding the various types of procurement reports becomes paramount. These reports serve as navigational tools, offering insights into different facets of the procurement process.

Procurement Analytics 16

Procurement Analytics Optimal Sourcing Procurement Solutions Material Savings 16

AFFLINK

MAY 11, 2017

In much the same way, any business seeking success in the procurement management environment should address the fundamentals first. Procurement management accountability builds from having processes and quality controls that meet or surpass customer expectations. The late John Wooden focused on fundamentals. Reinforcing Accountability.

Optimal Sourcing 61

Optimal Sourcing Sourcing Strategies Procurement Cost Reduction Strategies 61

Supply Chain View from the Field

AUGUST 24, 2015

John Deere (2) – Life Cycle Cost Benchmarking – The team will benchmark industry leaders to document and define best practices for measuring direct material cost over the lifecycle of a product. These preferences and skills must then be matched with a partner company project.

Procurement Analytics 60

Procurement Analytics Analytics Software Analytics Manufacturing Procurement 60

Talking Logistics

MARCH 24, 2015

To ensure your leadership team is up-to-speed on the current market conditions, consider the following actions: DO: Be a student of your industry and create/distribute a monthly or quarterly update internally (trends, challenges, etc.). Benchmark yourself against historical and current market indexes. Performance Management Process.

Expense Reduction 100

Expense Reduction Price Reduction Transportation Cost Reduction Strategies 100

Precoro

SEPTEMBER 4, 2023

Instead, it depends on aspects like the industry, supply chain dynamics, and business model. Conversely, industries with longer production lead times or complex supply chains tend to have longer CCCs. Conversely, industries with longer production lead times or complex supply chains tend to have longer CCCs.

Optimal Sourcing 59

Optimal Sourcing Negotiate Pricing Inventory Reduction Material Savings 59

EcoVadis

MAY 31, 2018

EcoVadis sustainability ratings and scorecards help procurement teams monitor supply chain Corporate Social Responsibility (CSR)/ESG practices across 190 sectors and 150 countries. There are no restrictions; just register, answer the online questionnaire and documentation, share results, and improve! What areas does it cover?

Procurement Analytics 68

Procurement Analytics Metrics Sustainability Optimal Sourcing 68

Precoro

MAY 19, 2023

The right metrics can shed light on how cost-effective a company’s processes are when it comes to the flow of goods, both at the inbound stages of procurement and outbound all the way to the customer. By setting benchmarks for metrics, analysts can recognize unsettling trends and take preventive measures on time.

Procurement Analytics 98

Procurement Analytics Metrics Supply Chain Planning Software Supply Chain Software 98

Precoro

APRIL 22, 2024

The survival rates depend on country, industry, and current market conditions, but these general trends are observed globally. As a part of FP&A, the finance team prepares documents such as income statements, balance sheets, and cash flow statements. Performance criteria and benchmarks are unique for every industry and market.

Optimal Sourcing 105

Optimal Sourcing Negotiating Skills Procurement Solutions Resource Reduction 105

Supply Chain Shaman

AUGUST 16, 2015

Despite numerous acquisitions and product development efforts, SAP and Oracle are much larger industry giants. In the supply chain management technology market, historically, Infor is a market consolidator buying and integrating disparate software assets and assembling them into industry solutions. I am not surprised.

Prescriptive Analytics Software 150

Prescriptive Analytics Software Supply Chain Network Software Supply Chain Design Software Analytics Software 150

Talking Logistics

APRIL 24, 2017

You can make a conscious choice to use carriers that have demonstrated environmental responsibility and build this into your TMS carrier management or procurement preferences. An easy way to establish this criterion is by determining if a potential carrier is part of the Environmental Protection Agency (EPA) SmartWay Program.

Optimal Sourcing 116

Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software Optimization Software 116

NC State SCRC

AUGUST 6, 2016

Benchmarking Supply Management salaries : Understand what the ‘going rate’ is for key roles in Supply Management, so it can better develop its ‘employee value proposition’ to more effectively attract, develop and retain key staff. There is an opportunity to simplify and standardize the processes further through the documentation process.

Sourcing Strategies 40

Sourcing Strategies Modeling Resource Reduction Supply Chain Strategy 40

SupplyShift

DECEMBER 6, 2021

In the wake of supply chain disruptions and global shortages, businesses are quickly recognizing the need for greater visibility over their supply network, from documenting the origin of material components to tracking shipments. This gives your procurement teams a user-friendly snapshot of the risks and opportunities in your supply chain.

Supply Chain Software 52

Supply Chain Software Supply Chain Network Software Supply Chain Demand Planning Software 52

SupplyShift

DECEMBER 6, 2021

In the wake of supply chain disruptions and global shortages, businesses are quickly recognizing the need for greater visibility over their supply network, from documenting the origin of material components to tracking shipments. This gives your procurement teams a user-friendly snapshot of the risks and opportunities in your supply chain.

Supply Chain Software 52

Supply Chain Software Supply Chain Network Software Supply Chain Demand Planning Software 52

Unleashed

AUGUST 17, 2021

Manufacturing software Each type of manufacturing software has different characteristics and functionalities that are suited to some types of business and some industries more than others. These include inventory management, supply chain operations, procurement, project management, financial management, risk management and compliance.

Inventory Management Software 97

Inventory Management Software Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software 97

NC State SCRC

APRIL 6, 2019

Lots to think about here… and also a great precursor to our upcoming SCRC meeting on the interaction between marketing and procurement. While companies are attempting to move away from the traditional hand and paper management of their contracts the industry still has not reached its full potential with the use of technology.

Supply Chain Design Software 58

Supply Chain Design Software Supply Chain Software Negotiating Skills Optimal Sourcing 58

SupplyShift

NOVEMBER 4, 2020

To reuse the Kraft Heinz example, something like: Procure most electricity from renewable sources by 2025 and decrease energy usage by 15 percent. Procurement and marketing teams are perhaps the two functions that stand the most to gain from collaborating with sustainability departments. What synergies exist between us? (

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Gartner 52

SupplyShift

NOVEMBER 4, 2020

To reuse the Kraft Heinz example, something like: Procure most electricity from renewable sources by 2025 and decrease energy usage by 15 percent. Revising and documenting your commitments and corresponding action plans is a great way to ensure all of the work you do is helping you reach your end goals.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Gartner 52

Supply Chain Opz

NOVEMBER 9, 2014

We believe many practices in global supply chain management can be applied in every industry. Research from APQC’s Open Standards Benchmarking in procurement shows that organizations without formal SRM programs report 121 percent longer supplier lead times. However, you may wonder what kind of practices really work.

Waste Reduction 274

Waste Reduction Cost Reduction Strategies Supply Chain Planning Software Inventory Reduction 274

Intelligent Audit

AUGUST 25, 2022

Shipping technology allows companies to digitize their shipping invoices and related documents. In addition, companies can use cloud-based tools to communicate and share documents better throughout the organization. A freight spend analysis should cover procurement costs and utilize technology to collect transportation data.

Real-time Visibility 52

Real-time Visibility Transportation Management Supply Chain Planning Software Optimization Software 52

Supply Chain Game Changer

JULY 3, 2019

Responsible Sourcing isn’t just about sourcing and procuring goods and services in a more sustainable manner, but also about ensuring external suppliers are aligned and committed to the same principles and values. Benchmark the market and take into account the ability for different solutions to fit into your existing sourcing processes.

Sourcing Strategies 58

Sourcing Strategies Purchasing Skills Sourcing Sustainability 58

Unleashed

MARCH 9, 2021

What is procurement? In simple terms business procurement is the process of locating and acquiring goods and services from external sources for the business to use. Procurement activities include planning, sourcing, and negotiation, along with risk management, legal and value analysis. Procurement in 2021 and beyond.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104

Precoro

MARCH 30, 2022

Strategic Procurement Helps a Business Unleash its Potential. As The Hackett Group discovered, approaching procurement strategically with specific business goals in mind helps achieve a significantly higher ROI. Operational efficiency and cost reduction are among the top procurement priorities for CPOs, according to Deloitte.

Vendor Strategies 52

Vendor Strategies Sourcing Strategies Cost Reduction Strategies Price Reduction 52

Precoro

FEBRUARY 27, 2023

After all, a clear picture of the company's procurement process is necessary to develop a sustainable future strategy and to avoid pitfalls that hold your business back. Spend analysis involves spend visibility , spending review , and procurement process improvement. The answer is simple: spend analysis.

Analysis 52

Analysis Purchasing Skills Optimal Sourcing Procurement Analytics 52

Logistics Viewpoints

JANUARY 23, 2024

Kinaxis is focusing on the QSR industry first, looking at replenishment for both food and the necessary durable goods. The cameras grab an image of the package as it goes through the tunnel, gets dimensional and weight information, matches that data up with the order, and can also check compliance documentation.

Supply Chain Planning Software 209

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Modeling 209

Logistics Bureau

DECEMBER 3, 2017

Supply Chain Sustainability: Industrial and commercial enterprises all have a responsibility to reduce carbon emissions and the depletion of natural resources. Supply chain documentation. We also cover production and manufacturing to some extent, and touch on other functional areas such as human resources and procurement.

Education 40

Education Purchasing Skills Buyer Training Supply Chain Design Software 40

EcoVadis

FEBRUARY 11, 2016

Here are some guidelines and tools we’ve developed over the past eight years working with over 120 procurement teams from global multi-nationals, to help you gain some insight on these questions. Data verification and document audit: Collect and audit documents. and “What can I do internally, and what should I outsource?”

Analysis 40

Analysis Modeling Software Comparison Procurement 40

Talking Logistics

APRIL 20, 2016

Author’s Note: Below is an excerpt from Moving Up the Supply Chain Maturity Curve: The Process Industry Executive Agenda for 2016 and Beyond , a white paper recently published by Elemica with research conducted by Adelante SCM. Step 5: Measure Current Performance and Benchmark with Best-in-Class Competitors.

Supply Chain Design Software 100

Supply Chain Design Software Supply Chain Planning Software Supply Chain Strategy Supply Chain Design 100

Supply Chain Shaman

AUGUST 21, 2016

I urged him to take his corporate strategy document and set up a meeting with each profit center manager. For most companies, greater economy of scale is possible through the global management of procurement and transportation and local management of sales, manufacturing and customer service. Customer-Centric Benchmarking.

S&OP 150

S&OP Supply and Demand Supply Chain Planning Software Price Reduction 150

Supply Chain Brain

JUNE 11, 2018

When it comes to technological innovation, however, hype is no benchmark for success. You’d be hard pressed to find a major industry today that isn’t talking up blockchain as a cure-all for the ills of global supply chains. It’s more about industry adoption,” says Perez. Take the issue of digital signatures.

Supply Chain Planning Software 40

Supply Chain Planning Software Supply Chain Software Pharmaceutical Supply Chain Strategy 40

6 River Systems

JUNE 29, 2020

The disruption caused by COVID-19 is unique in that it impacted supply chains across all industries. “The pandemic, however, is affecting supply chains in the aircraft, automobile, electronic products, hospitality, medical, pharmaceutical, retail, technology, travel, and personal service/support industries.”

Supply Chain Planning Software 116

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Modeling 116

Logistics Bureau

MAY 24, 2019

Supply Chain Cost Reduction Challenges: Deere and Company has a diverse product range, which includes a mix of heavy machinery for the consumer market, and industrial equipment, which is made to order. Procurement analysis. Retail activity is extremely seasonal, with the majority of sales occurring between March and July.

Cost Reduction Strategies 54

Cost Reduction Strategies Inventory Reduction Expense Reduction Price Reduction 54

NC State SCRC

DECEMBER 22, 2017

Supplier driven innovation was also a major theme at the Procurement Leaders meeting in Miami this spring. I also wrote a white paper and webinar that documented the journey that IBM took in developing the Transparent Supply Chain, and the catalysts that drove them to move in this direction.

Predictive Analytics Software 72

Predictive Analytics Software Predictive Analytics Supply Chain Design Software Supply Chain Planning Software 72

Precoro

AUGUST 31, 2023

Good cost-saving strategies help companies stay competitive and adjust to the newest industry developments. Benchmarks for evaluating spending levels can be internal (between departments) or external (between competitors in the market.) Procurement Procurement, if not managed well, might be another area where businesses lose money.

Material Savings 105

Material Savings Cost Reduction Strategies Expense Reduction Price Reduction 105

EcoVadis

MARCH 23, 2018

A key enabler to maximizing the impact of sustainability criteria on purchasing behavior is to integrate the assessment system into your supply chain management platforms such as e-Sourcing, e-Procurement, CLM, SRM or similar platforms. Actionable results, benchmarks and feedback. Are they improving their sustainability over time?

Sourcing Strategies 53

Sourcing Strategies Procurement Solutions Vendor Strategies Procurement Analytics 53

Exiger Perspectives

JULY 19, 2023

Companies must take proactive measures, implement risk management systems and document supply chain activities. It applies to companies meeting employee benchmarks of 5,000 in France or 10,000 in France and abroad. Risks primarily involve Uyghur labor in Xinjiang, especially in cotton, tomato products, and polysilicon industries.

Supply Chain Software 40

Supply Chain Software Supply Chain France Canada 40