4 ways IT & Procurement team collaboration increases resilience

ivalua

The Hackett Group report recommendations on IT & Procurement collaboration and how it can benefit your organization in the time of Covid-19 and beyond. This study includes input from a range of industries via interviews conducted with pairs of IT and Procurement leaders.

Five Capabilities to Take the Food and Beverage Supply Chain to the Next Level

Logility

Food and beverage supply chains face mounting pressure to reduce costs, add more value and do more with fewer resources. Food and beverage companies run on razor-thin margins. As food and beverage manufacturers become more demand-driven, often there is a shift toward more frequent changes in production runs. IBP combines data from sales, marketing, production, procurement, transportation and finance to create a powerful decision center for all stakeholders.

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Six Must Have Supply Chain Capabilities for Success in the Food and Beverage Industry

Logility

Last week we shared five capabilities to help take the Food & Beverage supply chain to the next level. The food & beverage industry faces a lengthy list of unique challenges from long raw material lead-times and volatile commodity pricing to safety and quality requirements combined with high demand uncertainty, frequent new product introductions, perishability and complex manufacturing constraints. Much has changed in the Food & Beverage Industry over the last 20 years.

How Big Food and Beverage Could Revolutionize the Natural Movement

Elementum

Its growth is enough to make giants like McDonald’s, Cargill, and Wal-mart sit up and pay attention, agreeing to overhaul their current procurement methods in order to give the people what they want. As more and more companies start to focus on natural ingredients, supply chain issues arise. We examine the best solutions. Bigger is No Longer Better. This week, McDonald’s Corporation announced that it will phase out its use of caged eggs over the next decade.

7 Trending Business Practices Disrupting Procurement!

Supply Chain Game Changer

7 KPIs Your Procurement Team May Be Ignoring! Procurement is a business function that has undergone a lot of change in the last few years. Due to globalization, growing consumer demands on transparency, the pertinence of sustainable development and technological advancements, procurement and supply chain professionals have been highlighted as an integral part of their organizations. As a believer in the power of procurement, this recognition makes me happy.

McDonald’s Risky Commitment to a Cage Free Eggs Supply Chain

Logistics Viewpoints

Food & Beverage Industry Procurement/Sourcing Sustainability McDonald's sourcingMcDonald’s announced a 10-year plan to produce cage free eggs. The Fortune article is mainly a turnaround story. But this turnaround depends upon a supply chain transformation.

Sustainable Procurement is Critical to McDonald’s Future

Logistics Viewpoints

Food & Beverage Industry Procurement SustainabilityMcDonald’s is the first to admit things are not going as well as the company would like. In its annual report released in March, CEO Steve Easterbrook owned up to the $18 billion fast food retailer’s disappointing performance – sales up only 1 percent with an operating income decline of 8 percent. To right the corporation, the company vowed to reorganize itself to “put consumers at the forefront of everything we do.”

COVID-19: Implications on inventory planning, sourcing and procurement

EFT

However, there has been a “50%” rise “in food and beverage essentials” for the retail giant, which has meant a huge reorientation in purchasing and demand planning. We need to look at alternative sources of procurement, of production, alternative factories, alternative countries. As demand rides a rollercoaster in the last few months, huge adjustments have been asked from businesses in every corner of the world and sector.

How Locally Grown Products are Disrupting F&B Manufacturing

QAD

There is a developing trend that has been gaining steam in recent years that has the potential to seriously impact and “disrupt” food and beverage manufacturing. Though, when a food or beverage product is labeled as “locally grown”, the “local” part usually refers to an area of about 150 miles. It’s important to read up on individual food and beverage products and educate yourself on where exactly they’re being sourced. Disrupting the Larger Food and Beverage Manufacturer.

How Retailers Can Use Supply Chain Technology to Get Ahead

CH Robinson Transportfolio

Robinson’s best in class Managed Procurement Services offer customized cold supply chain solutions and optimizations for retailers of all sizes, helping standardize and streamline ordering to reduce complexities and find significant cost savings. In my last blog , I talked about how consumer demands for a larger and more immediate selection of products are forcing retail businesses to become supply chain professionals.

DC 34

Optimizing Retail Supply Chains to Meet Demand and Reduce Costs

CH Robinson Transportfolio

Change your thinking on retail procurement. Robinson can offer Managed Procurement Services and assess the entire end to end pipeline of your retail model, looking at each element holistically to see how changes in one piece of the process could lead to changes in another. Robinson’s supply chain and procurement solutions, connect with an expert today.

Patrick Hopkins at Coupa: Coca Cola’s four truths of procurement to pay in action

Supply Chain View from the Field

At the Coupa INSPIRE procurement conference in San Francisco this week, the Chief Procurement Officer of Coca Cola Consolidated, Patrick Hopkins, shared his views on the “4 Truths of Procurement”, and how he has operationalized his views through the deployment of Coupa procure to pay software. When it comes to “procurement truths”, Patrick shared what he believes are critical issues that procurement needs to think about when deploying a procure to pay system.

How Retailers Can Use Supply Chain Technology to Get Ahead

CH Robinson Transportfolio

Robinson’s best in class Managed Procurement Services offer customized solutions and optimizations for retailers of all sizes, helping standardize and streamline ordering to reduce complexities and find significant cost savings. Food and Beverage Produce Sourcing Temperature Controlled Cold Chain Cold Chain Management Cold Chain Shipping Grocery Grocery Retail Managed Procurement Managed Procurement Services Managed Supply Chain MPS Produce Retail Temp Controlled Temp Controlled Shipping

DC 34

How Food Manufacturing Software Drives Profit [w Case Studies]

Unleashed

Many large food and beverage organisations rely on overly sophisticated, resource-sapping and expensive Enterprise Resource Planning (ERP) systems to meet their requirements. Business Tips food and beverage food manufacturing inventory Manufacturing productivity

Optimizing Retail Supply Chains to Meet Demand and Reduce Costs

CH Robinson Transportfolio

Change your thinking on retail procurement. Robinson can offer Managed Procurement Services and assess the entire end to end pipeline of your retail model, looking at each element holistically to see how changes in one piece of the process could lead to changes in another. Robinson’s supply chain and procurement solutions, connect with an expert today.

The Effects of a Recall Can Be Minimized With a Connected Supply Chain

DynaSys

If the supply chain processes are not connected from the beginning to the end of the entire procurement, manufacturing and distribution processes, or “field to fork”, you will have a bumpy road. Food and Beverage manufacturers have been putting lot numbers on products for years. Featured Market trends connected supply chain Distribution Food & Beverage Manufacturing Procurement Production Recall Stephen Dombroski Supply Chain Traceability value chain

Manufacturing Quality Issue Turns into a Huge Success Story for Procurement

EC Sourcing Group

His company was called in by a producer of high-end beverages. They protect the beverage and their unique shape and labeling are an important part of their high quality brand image. The last point demonstrates the benefit of hiring people that understand procurement and what can be negotiated. Most people in procurement dislike change. If you sell a premium product, manufacturing quality issues can kill your image and your bottom line.

Who’s Using Blockchain in 2020, and How?

Logistics Bureau

The diamond and gold, tea and coffee, beverage, food, and automotive industries all have participants with blockchain applications under test, operating as pilots, or implemented as digital solutions to improve supply chain operations. Blockchain for Beer and Beverage.

Summer Barbecue Threat: U.K. Meat Packers and Beer Makers Are Facing a Carbon Dioxide Shortage

Supply Chain Brain

Global Supply Chain Management Consumer Packaged Goods Food & Beverage Supply Chain Security & Risk Mgmt. All Technology Forecasting & Demand Planning SC Planning & Optimization Sourcing/Procurement/SRM Retail Supply Chain VisibilityThe British Retail Consortium has written to major retailers informing them that drinks and meat supplies could be affected as at least one U.K. gas supplier has had to ration orders.

What Is the True Cost of Eating Meat?

Supply Chain Brain

Global Supply Chain Management Global Trade & Economics Sustainability SC Analysis & Consulting Food & Beverage Supply Chain Security & Risk Mgmt. 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 Cape Town Was Saved From Running Out of Water

Supply Chain Brain

Food & Beverage All Technology SC Planning & Optimization Sourcing/Procurement/SRM Middle East/Africa Home Page Latest NewsThe government announced “day zero” — a moment when dam levels would be so low that they would turn off the taps in Cape Town and send people to communal water collection points. This apocalyptic notion prompted water stockpiling and panic, caused a drop in tourism bookings, and raised the spectre of civil unrest. It also worked.

Circular Supply Chains: The impact.

DynaSys

Sourcing and procurement decision-makers are confronting a perfect storm. In the future, procurement leaders will play a more influential role in product design to limit the use of non-sustainable raw materials and promote the use of sustainably sourced materials. However perhaps more importantly, procurement leaders will influence product design to allow for easier recovery of raw materials from the product once it reaches end-of-life. Changing a supply chain near you.

Why McDonald's Is Switching to Fresh Beef

Supply Chain Brain

Business Strategy Alignment Global Supply Chain Management Food & Beverage All Technology Sourcing/Procurement/SRM SC Planning & Optimization Home Page Latest News Home Page Slider NewsMcDonald’s says it’s switching from frozen beef to fresh in some 14,000 U.S. locations by early May. The company officially rolled out the concept at 3,500 stores today. Sorry about your luck, Hawaii and Alaska. You’ll still get frozen beef.

How This Plastic-Free Town Became Britain's First

Supply Chain Brain

Business Strategy Alignment Global Supply Chain Management Regulation and Compliance Sustainability Consumer Packaged Goods Retail Food & Beverage All Technology SC Planning & Optimization Sourcing/Procurement/SRMThe little white cloud looks and feels like a polystyrene packing peanut, but, Kavanaugh assures me, “it tastes exactly like a communion wafer.” After a wary nibble, I pop the whole thing in and notch it up as a snack.

Overcome Foodservice Disruptions: Focus on Technology, Service Networks, and Transportation

CH Robinson Transportfolio

The entire world is in a time of adjustment thanks to COVID-19—this is especially true for the food and beverage industry. Supply Chain Smart Solutions Supply Chain Technology inventory management Managed Procurement Services (MPS

Real-Time Supply Chains and the Quest for More Orange Soda

DynaSys

Historically a vending machine was located near someplace where it seemed like people might like to purchase and drink a beverage. This failure results in wasted service time, missed demand and unhappy customers that found other ways to satisfy their beverage needs. If the temperature is particularly warm in a location then the demand for a cold beverage is accentuated.

Understanding the Importance of Strategic Sourcing

USC Consulting Group

As companies are navigating an increasingly turbulent yet robust economic climate, businesses in manufacturing, mining and metals, food and beverage, and other industries are looking for ways to reduce raw material procurement spending and offset rising material costs. Spend Management Supply Chain Procurement Raw Material Costs Sourcing spend management strategic sourcing Supply Chain Management Supply Chain Optimization Vendor Relationships

Make to Order at Scale – A Disruptor Here to Stay

QAD

Customization is also moving rapidly into food and beverage manufacturing. Today, consumers are putting increasing pressure on the segments within consumer goods and food and beverage manufacturing over customized products. The food and beverage industry now needs to be creative to meet these growing needs to remain competitive. Food and Beverage. Vending services are expanding to allow consumers to create their own customized meals and beverage flavor mixes.

Coffee Shops Are Already Running Out of America's Newest Milk Craze

Supply Chain Brain

Plant-based beverages have been stealing market share from dairy for years, and the trend isn’t showing signs of slowing. Food & Beverage All Technology Sourcing/Procurement/SRM Home Page Latest News Home Page Slider Featured Content North AmericaIt’s called oat milk, and baristas love its light, hearty flavor that lets the java beans take center stage.

The Drive To 100% Bio-based Plastic Bottles

NC State SCRC

Growing beverage consumption in emerging markets of BRICS is expected to drive bio based PET market growth. Biobased Products Food Supply Chains Local Food Systems Procurement Sustainability Supply Chain Economics Supply Chain Management SustainabilityWhen Coca Cola set about thinking about how to drive sustainability into their supply chain, they recognized from the outset that the entire end to end life cycle of a bottle of Coke needed to be considered.

BRIC 40

Who Should Be In The Winner’s Circle?

Supply Chain Shaman

Total cost analysis is more difficult than it sounds and most technology implementations automated functional measurement systems (manufacturing or procurement), but leave the organization blind on the management of total costs.

Influential management thinker Adam Grant revealed as Kinexions ’18 featured keynote

Kinaxis

While we cannot unequivocally guarantee Kinexions ’18 will be a pumpkin spice free zone (after all, there are venues at the Gaylord Hotel at which one may procure hot, caffeinated, assumingly seasonally themed beverages), we can let you in on the identity of secret keynote speaker we’ve kept under wraps until now — Adam Grant. by Mike McAllister As the calendar turns to October, two things come immediately to mind. Pumpkin spice and Kinexions ’18.

Manufacturing and Supply Chain Challenges During a Pandemic

QAD

In a recent article written by AutomationWorld ’s Stephanie Neil, QAD Director of Consumer and Food & Beverage Markets Stephen Dombroski contributes his insights on manufacturer and supplier capabilities in the wake of a pandemic. Synchronizing both supply chains with all manufacturing, distribution, and procurement processes will enable companies to be flexible and agile.” – Stephen Dombroski, Director of Consumer and Food & Beverage Markets.

Sourcing Tips: How to Find the Right Food Service Supplies

AFFLINK

Food service companies need to be able to procure supplies quickly in order to operate, and the cost of their supplies directly impacts their bottom line. Even things like microwave ovens can usually be better procured for commercial use than through a consumer-grade store, and can often be found for a reduced cost. Loans for equipment are secured with the value of the equipment, so they can be easier to procure than other types of small business funding.

Here's What Will Happen When China and U.S. Tariffs Take Effect Friday

Supply Chain Brain

Regulation and Compliance Global Trade & Economics Food & Beverage All Logistics Global Logistics All Technology Supply Chain Visibility Sourcing/Procurement/SRMImplementation is set to start at midnight June 6 in both countries, which gives Beijing a 12-hour advantage on Washington. President Donald Trump has threatened to increase the scope to $450bn if China indeed retaliates against his 25-percent tariff. The list of Chinese products targeted with U.S.