Supply Chain Game Changer

APRIL 15, 2020

Digital Procurement article, and permission to publish here, provided by Sam Jenks at kodiakrating.com. Navigating the complexity of the global supply chain as a procurement professional can sometimes feel like taking a walk through the Amazon without a compass, or entering into outer space without an oxygen tank. Benchmarking.

Procurement Solutions 90

Procurement Solutions Procurement Analytics Procurement Eliminating Excel in Purchasing 90

Precoro

SEPTEMBER 6, 2021

This month, we continue our Procurement Basics series and would like to introduce our readers to yet another set of often misused business terminology. As both sourcing and procurement are related to obtaining supplies for the organization, confusing these two terms is easy. Procurement. What Is Procurement Process?

Optimal Sourcing 97

Optimal Sourcing Manufacturing Procurement Purchasing Skills Procurement Solutions 97

ivalua

JANUARY 22, 2019

For Procurement leaders in particular there couldn’t be a better time to do so. A recent study by the Hackett Group found that only 63% of Procurement organizations have even developed a plan for digital transformation. 33% bluntly stated their service does not meet customer expectations. It should never be a compromise.

Optimal Sourcing 113

Optimal Sourcing Procurement Supply Chain Planning Software Supply Chain Software 113

Precoro

MAY 22, 2023

This process, known as IT procurement, requires comprehensive steps with clear objectives and vendor selection criteria to ensure that technology investments align with business goals and yield a return on investment (ROI). This article encompasses the best practices for planning and executing successful IT procurement strategies.

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Procurement Solutions Procurement Analytics Pricing Training Purchasing Skills 52

Material Handling & Logistics

OCTOBER 30, 2018

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. However, it is fundamental to empowering procurement success in the modern age.

Optimal Sourcing 110

Optimal Sourcing Procurement Solutions Procurement Analytics Procurement 110

Precoro

DECEMBER 11, 2023

As part of the larger procurement process, sourcing involves finding and evaluating suppliers for goods or services that need to be purchased. Strategic sourcing involves the meticulous evaluation of suppliers and the overall procurement process to extract maximum value from both. Create a purchasing process.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

Supply Chain Game Changer

MARCH 28, 2020

The Procurement, or Purchasing, function is considered by many to be a necessary but non-strategic part of any organization. But there is a profoundly significant Procurement value chain. Procurement is strategic! Now is the time for Procurement to SELL! Could the CPO Be Replaced by the Chief Value Officer? ” Ouch!

Procurement Analytics 71

Procurement Analytics Procurement Solutions Pricing Training Negotiating Skills 71

ivalua

JULY 13, 2022

Procurement Leaders Webinar. With mounting pressure for organizations to make tangible contributions to Environmental, Social, and Governance (ESG) initiatives, the procurement function must strategize to implement and report their collective efforts. Speakers: Arnaud Malardé, Ivalua | Hélène Vermont, Michelin Group.

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Procurement Solutions Supply Chain Planning Software Optimization Software Optimal Sourcing 130

GlobalTranz

OCTOBER 16, 2015

, at Cerasis, we know a thing or two about the nuances of LTL procurement. LTL procurement is something we do very well. So we thought we would impart upon all the shippers out there some tips on how to reduce overall costs for effective LTL Procurement. 10 LTL Procurement Cost Cutting Tips.

Negotiating Skills 120

Negotiating Skills Price Reduction Cost Reduction Strategies Optimal Sourcing 120

HICX Solutions

FEBRUARY 2, 2023

Charlotte Anabelle de Brabandt , Head of IT Partner Management & Head of IT Governance US at ZF Group and Max Kent , CEO at Procure Services LTD. The discussion focused on key findings from our recent Voice of the Supplier Survey and reactions to the results from an industry-insider perspective and a supplier point of view.

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Optimal Sourcing Negotiate Pricing Procurement Analytics Procurement Solutions 52

GlobalTranz

JANUARY 10, 2017

From artificial intelligence to refocusing on procurement, the state of supply chain continued to explode throughout 2016, and you need to understand why. Gathering this information via new systems also enables quality benchmarking across the supply chain. Unfortunately, there continue to be major costs associated with procurement.

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Manufacturing Procurement Optimal Sourcing Procurement Analytics 120

SCMDOJO

MARCH 19, 2024

While Its primary purpose is to manage the entire process, from procurement to delivery, efficiently and cost-effectively, it also coordinates with production to automate processes and planning, etc. Watch What is Marketing Procurement? Coordinate with various departments to meet production and delivery targets.

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

HICX Solutions

NOVEMBER 4, 2021

Ahead of the 2021 United Nations Climate Change Conference (COP26) , held between 31st October and 12th November, we welcomed Charlotte de Brabandt and Max Kent to the Supplier Experience Live podcast, to discuss how sustainable procurement programs foster a greener future. From CSR to ESG, to sustainable procurement goals.

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Charlotte Procurement Solutions Optimal Sourcing Sustainability 52

Logistics Viewpoints

NOVEMBER 6, 2023

As corporations announce plans to be Net Zero across their end-to-end supply chain at some point in the future – often 2050 – they then need their suppliers to participate in helping them meet their goals. The Carbon Action portion of these scorecards benchmark a supplier’s ability to collect and disseminate emissions data.

Resource Reduction 223

Resource Reduction Material Savings Supply Chain Planning Software Procurement Analytics 223

Supply Chain Movement

AUGUST 12, 2015

50 th Symposium Procurement and Logistics. This year we are celebrating two important anniversaries: for 50 years the symposium has been THE meeting place for buyers, logistics experts and Supply Chain Managers for exchanging information about current trends in their fields and networking with colleagues. Date: 11-13 November, 2015.

Procurement 60

Procurement Logistics Material Savings Germany 60

GlobalTranz

JULY 28, 2021

For instance, managed transportation includes value-added logistics capabilities, including: Logistics consulting and analysis to understand current needs, costs, savings opportunities by mode, benchmarking and implementation or training of new systems. Learn More.

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Optimal Sourcing Optimization Software Network Optimization Supply Chain Optimization 317

ToolsGroup

MARCH 17, 2021

Starting from pre-implementation we align on target key performance indicator (KPI) levels and benchmark progress to accelerate time to value. Because our customers around the globe can meet or exceed their service level requirements while minimizing inventory, they’re ready for whatever tomorrow brings.” Go to www.SDCExec.com.

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Optimal Sourcing Supply Chain Planning Software Demand Planning Software ToolsGroup 120

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.

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Optimal Sourcing Sourcing Strategies Procurement Cost Reduction Strategies 61

Logistics Viewpoints

APRIL 24, 2023

This technology allows businesses to unify their procurement, expense management, invoicing, payments, contract management, and spend analysis processes and reporting. The visibility to spend allows them to provide excellent benchmarking in several areas. Coupa meets this definition.

Supply Chain Design Software 202

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Optimization Software 202

Logility

AUGUST 4, 2023

Getting Started: Make Value Your North Star When it comes to selecting supply chain planning & operations solutions partners, the focus on delivering value should start even before the first vendor meeting. Apart from the supply chain, operations, procurement and IT teams, also consider sales operations, finance and more.

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Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Vendor Strategies 208

Supply Chain Game Changer

APRIL 23, 2019

The Procurement, or Purchasing, function is considered by many to be a necessary but non-strategic part of any organization. This is not to say that they believe Procurement doesn’t play a role, but rather that they don’t view Procurement as playing a critical role beyond cutting costs and finding suppliers.

Procurement Analytics 50

Procurement Analytics Procurement Solutions Pricing Training Negotiating Skills 50

SCMDOJO

OCTOBER 27, 2023

Supplier negotiation is the most critical skill in the world of procurement. It requires an in-depth knowledge of procurement processes to be able to bring the supplier on a mutual agreement. The following are common types of negotiation in procurement: 1. The aim is often to secure volume discounts or advantageous terms.

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Negotiate Pricing Negotiating Skills Pricing Training Purchasing Training 88

Silvon Software

JUNE 1, 2023

Stakeholder-Focused KPIs By basing KPIs on stakeholders, you demonstrate a commitment to meeting their needs and expectations, which can lead to stronger relationships, increased trust, and improved overall performance. Transparently communicate the progress and performance of your organization in meeting stakeholder expectations.

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S&OP Supply and Demand Optimal Sourcing Supply Chain Planning Software 93

Logistics Viewpoints

AUGUST 25, 2021

And finally, have strong consultative capabilities in terms of network design, strategic procurement, and transportation rate benchmarking. If the relationship comes to an end, the MTS supplier must have a method of transferring that TMS, that is configured to meet the shipper’s needs, to their former customer.

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Price Reduction Cost Reduction Strategies Expense Reduction Price Mitigation Strategies 284

Supply Chain Game Changer

AUGUST 6, 2019

Hey Procurement! Procurement. And all of this is managed by Procurement personnel. In What Exactly is Procurement? Now also consider that companies can spend as much as 75% or more of their revenue on the Procurement of goods and services. Yet in many organizations Procurement is not considered strategic.

Optimal Sourcing 48

Optimal Sourcing Purchasing Skills Negotiating Skills Pricing Training 48

Procurement Academy

JULY 15, 2022

By taking these insights into account, as well as market research, skill levels, portfolio gaps and more, we develop modular courses that really meet the needs of our customers and learners. This helps meet one of our goals, which is for the training to be implemented back at work as soon as possible. Engaging learning formats.

Buyer Training 52

Buyer Training Price Mitigation Strategies Training Supply Chain Planning Software 52

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

EcoVadis

SEPTEMBER 12, 2019

Executive commitment to sustainable procurement is at an all-time high, but several roadblocks continue to impact organizational ROI. Nearly half of procurement organizations (45 percent) indicated they only have visibility into tier-1 suppliers. The roadblocks are limiting sustainable procurement value and ROI.

Optimal Sourcing 40

Optimal Sourcing Sustainability Procurement Supply Chain Planning Software 40

Supply Chain Shaman

AUGUST 12, 2020

Heavily booked and running from meeting to meeting, I was late. The topic of the meeting was the logistics to launch of the AMR Research Top 25. As a research leader at AMR Research when I voiced the concern for a more rigorous peer group analysis in prior meetings, I hoped for a better outcome. The reason?

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Gartner Supply Chain Software Procurement Analytics Manufacturing Procurement 235

Supply Chain Shaman

NOVEMBER 9, 2014

Let me give you an example: Last week, I gave a presentation at a global supply chain team meeting of 175 professionals. They had seen my videos on the website and needed a speaker for their global kick-off meeting. When we started benchmarking companies, Deborah and I had a friendly wager. It was a large multinational company.

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Manufacturing Procurement Optimal Sourcing Benchmarking Supply Chain Design Software 285

Proxima

JULY 3, 2023

But beyond your ability to excite, engage and support various actors to change, what are some of the pragmatic steps to get started on Scope 3 emissions reduction for procurement and sustainability teams? Finally, a key collaboration opportunity not to be missed is to take The Scope 3 Maturity Benchmark. It’s time to communicate.

Cost Reduction Strategies 52

Cost Reduction Strategies Resource Reduction Supply Chain Planning Software Supply Chain Design Software 52

Logility

APRIL 2, 2020

A good KPI will be measurable against some benchmark or criteria. Building a new supplier scorecard program can have a major impact on the costs and value of your procurement and purchasing functions. But it’s important to carefully craft that scorecard to meet a few critical needs.

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Negotiating Skills Supply Chain Planning Software Supply Chain Design Software Purchasing Skills 157

Procurement Academy

FEBRUARY 25, 2022

Personalized learning is entirely focused on individuals’ requirements meaning people are only taught material that meets their learning needs and objectives. This assesses their current knowledge against a set of established competency benchmarks to understand the gap between their current and desired knowledge.

Buyer Training 52

Buyer Training Supply Chain Planning Software Supply Chain Design Software Training 52

Supply Chain Movement

SEPTEMBER 26, 2016

This workshop stream will serve as a platform for benchmarking best practices and successful approaches to resolving key P2P goals and obstacles that are on the way to those goals. Benchmark change management challenges. Get experience on Lean and Six Sigma in indirect procurement.

Six Sigma 60

Six Sigma Conference Procurement Analytics Case Study 60

NC State SCRC

SEPTEMBER 27, 2023

In his current role, he is accountable for several strategic functions, including corporate engineering; capital and infrastructure strategy; corporate real estate; risk management; operations research and global procurement. Number 3 – I always benchmark the performance of any business function I manage, against a broader dataset.

Pharmaceutical 52

Pharmaceutical Supply Chain Design Software Sustainability Supply Chain Design 52

EC Sourcing Group

JULY 5, 2022

However, there is more to this question than meets the eye. The process of spend analysis has specific goals of efficiency and saving money by increasing visibility into spend, which can decrease overall procurement costs. is vital to procurement and the supply chain. Some include: Licensed software. It is often cloud-based).

Analysis 52

Analysis Analytics Software Supply Chain Design Software Supply Chain Planning Software 52

Unleashed

APRIL 18, 2024

The JIT model at Dell involves a sophisticated supply chain system where components are procured and assembled only as needed to produce computers with a high degree of customisation. JIT demands meticulous planning, a culture of continuous improvement, and responsiveness to meet the dynamic needs of the food market.

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