EC Sourcing Group

FEBRUARY 8, 2023

Legacy sourcing methods work against you. From lost opportunities to higher costs, outdated sourcing methods and traditional sourcing strategies can impede your success and the growth of your business. Sourcing Strategies in Procurement: What Is Traditional Sourcing?

Optimal Sourcing 52

Optimal Sourcing Purchasing Skills Sourcing Strategies Negotiating Skills 52

EC Sourcing Group

AUGUST 9, 2022

Sourcing is an integral part of procurement management and an upstream part of the supply chain, affecting its overall success. Sourcing is the acquiring of goods and services needed to run a business or make a product. . But, what makes the best sourcing software for your strategic sourcing solutions ? . Cost-effective.

Optimal Sourcing 52

Optimal Sourcing Sourcing Strategies Sourcing Supply Chain Software 52

Supply Chain Shaman

SEPTEMBER 13, 2023

In a recent blog post, I was challenged by Anna. Given your expertise, I’d love to hear what alternatives you recommend for better demand forecasting and real-time visibility beyond what’s commonly adopted today.” ” Anna, this blog post is for you. ” Anna, this blog post is for you.

Supply and Demand 393

Supply and Demand Supply Chain Planning Software Modeling Demand Planning 393

EC Sourcing Group

NOVEMBER 8, 2022

??Meeting the Demand in Sourcing and Procurement. In recent years, considerable efforts have been made to simplify and streamline sourcing, procurement, and overall supply chains to meet demand more effectively. Sourcing and Procurement Optimization : Speed and Transparency. Savings tracking and analytics .

Optimal Sourcing 52

Optimal Sourcing Demand Planning Software Sourcing Strategies Supply Chain Software 52

Supply Chain Matters

SEPTEMBER 21, 2022

From time-to-time the Supply Chain Matters blog features book reviews which we believe would be of value and a learning asset to our extended global supply chain management community of readers. Of late, C-Suite executives have dedicated a lot of time on supply chain challenges and how to get them resolved. Book Content.

Manufacturing Procurement 59

Manufacturing Procurement Sourcing Strategies Supply Chain Software Supply Chain Planning Software 59

LevaData

FEBRUARY 14, 2022

The discussion around the state of the environment has been ongoing for quite some time. But these days, it's top-of-mind for sourcing and procurement professionals like never before. Sourcing- and Procurement-Specific Challenges. So, which techniques should sourcing and procurement leaders employ to manage these challenges?

Sourcing 80

Sourcing Procurement Supply Chain Planning Software Supply Chain Design Software 80

EC Sourcing Group

MARCH 21, 2022

Sourcing is a vital piece of procurement and the overall supply chain itself. However, just about anything can be improved upon, and sourcing optimization and optimized operations can help streamline the process. Read on to learn more about how to optimize the procurement process and how to improve upon sourcing.

Optimal Sourcing 52

Optimal Sourcing Sourcing Optimization Software Supply Chain Planning Software 52

EC Sourcing Group

DECEMBER 13, 2021

What Is Vendor Sourcing? Generally speaking, vendor sourcing is when you choose vendors to supply you with either goods or services. In years past, vendor sourcing could be an intricate and lengthy process. Read on to learn more about auction vendor sourcing and more about the management process.

Purchasing Skills 52

Purchasing Skills Optimal Sourcing Sourcing Strategies Negotiating Skills 52

Supply Chain Matters

MARCH 10, 2022

The Supply Chain Matters blog continues with our annual listing of our most read blog commentaries that were published and of keen interest to our readers during the year 2021. For these reasons, we elected to expand our profile from ten to the top twenty-five blogs of most interest in the prior year. October 8, 2021.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Manufacturing Procurement 52

Supply Chain Opz

MARCH 21, 2014

As a result, issues in global supply chain management such as international trade, international transportation, global sourcing, regulatory compliance, risk management, humanitarian and sustainability won''t go away any time soon. Data Collection What we want to do is to discover some good blogs covering various issues in global scm.

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SCM Global Supply Chain Resource Reduction 153

Supply Chain Matters

JULY 25, 2022

Our Ferrari Consulting and Research Group clients and Supply Chain Matters blog readers are likely well aware that each year we publish at the start of that year, a Research Advisory outlining our ten predictions for the coming year. Restoring More Direct Control in Materials Sourcing.

Sourcing Strategies 59

Sourcing Strategies Manufacturing Procurement Material Savings Predictive Analytics Software 59

Talking Logistics

MARCH 27, 2013

A month later, Walmart announced that it will increase its sourcing of US products by $50 billion over the next 10 years. Kevin discusses three factors that are helping to drive the reshoring trend, but the one that caught my attention the most was how companies are shifting their focus from least-cost sourcing to best-cost sourcing.

Manufacturing Procurement 173

Manufacturing Procurement Sourcing Strategies Cost Reduction Strategies Sourcing 173

Supply Chain Game Changer

OCTOBER 29, 2020

Freight sourcing team article and permission to publish here provided by Katharine Barrios at xeneta.com. Freight sourcing and procurement is a critical component of the whole supply chain and is crucial to the success of the business. These are the must-haves for any effective freight sourcing team. Subscribe Here!

Sourcing Strategies 75

Sourcing Strategies Negotiating Skills Optimal Sourcing Negotiate Pricing 75

EC Sourcing Group

AUGUST 31, 2021

Top 5 Sourcing and Procurement Techniques. With sourcing and procurement , a solid strategy is essential to ensure that your ROI is strong, your relationships with your suppliers are doing well, and that your team appropriately supports your stakeholders and company’s overall goals andobjectives. .

Optimal Sourcing 52

Optimal Sourcing Sourcing Strategies Sourcing Procurement 52

The Logistics of Logistics

FEBRUARY 16, 2014

Customer Service: The Source of Supply Chain Innovation. In December’s issue of InBound, editor Keith Biondi cited customer service as the source for supply chain innovation. Customer Service: The Real Source of SCM Innovation. Just as it has for Amazon. Not technology. Not business process re-engineering (BPR).

Optimal Sourcing 173

Optimal Sourcing Network Optimization Software Customer Service Logistics Network Optimization Software 173

EC Sourcing Group

JULY 13, 2021

How to Optimize Your Procurement Sourcing Systems. Finding the right tools and measures to optimize your procurement sourcing systems is a must. While optimization does rely heavily on procurement sourcing software , there are other ways to optimize the procurement management process. Expand your networks.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Analytics Software Supply Chain Network Software 52

Resilinc

MARCH 30, 2021

This is Part 2 of our four-part blog series based on Resilinc’s Ultimate Guide to Supply Chain Resiliency. For those just starting out, this series should help you leverage the lessons of COVID-19 to build support for investment in a robust SCRM program. In Part 1: Introduction , we introduced helpful tips on starting the SCRM journey.

Supply Chain Planning Software 62

Supply Chain Planning Software Scenario Planning Supply Chain Planning Material Savings 62

EC Sourcing Group

APRIL 27, 2021

5 Benefits of Global Sourcing in Supply Chain Management. When the topic of global sourcing comes up, procurement managers often balk at global sourcing in supply chain management because they worry they will have to sacrifice quality or delivery when using global suppliers. Read on to learn about the benefits. Operational.

Manufacturing Procurement 52

Manufacturing Procurement Sourcing Supply Chain Software EC Sourcing 52

EC Sourcing Group

MAY 4, 2021

How to Streamline Sourcing from Days to Hours. When you work in procurement, one of the challenges you face is how long sourcing can take. However, you can streamline sourcing and the entire procurement process in many ways. However, you can streamline sourcing and the entire procurement process in many ways.

Sourcing Strategies 52

Sourcing Strategies Sourcing Supply Chain Software EC Sourcing 52

AIMMS

AUGUST 3, 2020

However, one-third of SCP leaders cite “the lack of effective decision making in the S&OP meeting process as the most critical problem to solve for their function’s overall performance” (source: Gartner, Improve S&OP Decision Making Through Scenario Planning , Supply Chain Research Team, 4 May 2020). – Tweet this.

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Scenario Planning S&OP Modeling Supply and Demand 398

ToolsGroup

MAY 17, 2022

We’re inching toward the time of year when sweltering heat can only be quenched by one experience–a dunk in a cool, crisp, clean swimming pool. Image source: Cape Analytics. Image Source: Nola. Image Source: USA Today. Image source: CNBC. Temperatures are rising and people are getting sweaty. between 2021 and 2026.The

Purchasing Skills 367

Purchasing Skills Louisiana Manufacturing Procurement Las Vegas 367

Supply Chain Matters

NOVEMBER 29, 2023

A paper affiliated with Taiwan’s United Daily News is cited as indicating “ that Foxconn will expand output capacity for iPhones through a new plant, citing an industry source. billion facility, which is massive and implies more than just smartphone assembly. This facility is further reported to be the equivalent of a $1.54

India 64

India Manufacturing Procurement Report Supply Chain Planning Software 64

AIMMS

JUNE 16, 2020

Evaluating different scenarios helps you gain much-needed network flexibility in these times of stress and can help you prepare for a resilient future. At the same time, they faced new constraints on the resource side. Another use case we see for scenario modeling in the current context is evaluating new sourcing locations.

Modeling 361

Modeling Network Design Software Network Design Scenario Planning 361

GlobalTranz

APRIL 13, 2021

There won’t be a new normal, just new sources of disruption, from weather to government policies to industry conditions. Don’t expect to plan for every disruption; instead, develop a strategy to overcome supply chain disruption, regardless of the source. It’s not enough to have a Plan B, just in case.

Supply Chain Disruption 205

Supply Chain Disruption Supply Chain Planning Software Supply Chain Design Software Supply Chain Strategy 205

ToolsGroup

MARCH 7, 2023

This is just the latest of the company’s significant strides towards making supply chains a force for good by helping organizations guarantee service, reduce excess stock, and increase profits. Version 8.60 Business leaders today are looking for new ways to improve the resilience and agility of their supply chains.

Optimal Sourcing 156

Optimal Sourcing ToolsGroup Supply Chain Planning Software Scenario Planning 156

Logility

SEPTEMBER 9, 2023

This added to the already lingering short-supply of baby formula that started at the beginning of the pandemic when parents of infants hoarded cans of formula, just like others did with toilet paper. Much has been said about over-reliance on global supply chains and the need to build more self-reliant localized supply sources.

Forecasting 131

Forecasting Modeling Forecasting Software Supply and Demand 131

ivalua

NOVEMBER 19, 2015

If you happen to be a strategic sourcing professional within the manufacturing industry, you probably are experiencing many challenging days at the office. And the C-suite knows just who to come see and hold responsible when such events occur. And the C-suite knows just who to come see and hold responsible when such events occur.

Manufacturing Procurement 124

Manufacturing Procurement Purchasing Skills Sourcing Gartner 124

ivalua

JANUARY 13, 2023

As discussed in earlier blogs, supplier diversity has evolved from “token gestures” or a “cost of doing business” with the US Government, to an expectation of investors, customers, and employees. The following are just a few examples of some notable supplier diversity efforts across the globe. Agile Procurement in Canada.

Sourcing Strategies 246

Sourcing Strategies Cost Reduction Strategies Expense Reduction Optimal Sourcing 246

Logistics Viewpoints

APRIL 6, 2023

When products don’t arrive at the right place, the right time and the right quality, both in-bound supply chain planners and procurement buyers face unplanned plant shutdowns or upset customers. This approach results in inefficiencies, higher costs, and missed opportunities.

Optimal Sourcing 203

Optimal Sourcing Sourcing Strategies Manufacturing Procurement Material Savings 203

EC Sourcing Group

JUNE 8, 2021

Where to Start if You’re New to Procurement Sourcing Solutions. There are many people who are not new to procurement and sourcing and its role in the supply chain but may be new to sourcing solutions and software. Read on to learn how to get started with procurement sourcing solutions and what to look for in software.

Optimal Sourcing 52

Optimal Sourcing Procurement Solutions Procurement Analytics Sourcing Strategies 52

Supply Chain Matters

AUGUST 29, 2023

The company statement provided to business and industry media sources indicates: “ It is our understanding that the malfunction of the system was not caused by a cyberattack. © Copyright 2023, The Ferrari Consulting and Research Group and the Supply Chain Matters® blog. However, we will continue to investigate the cause.

Supply Chain Planning Software 59

Supply Chain Planning Software Inventory Management Software System Japan 59

Pivot88

NOVEMBER 2, 2020

According to McKinsey’s 2019 chief purchasing officer (CPO) survey, sustainable sourcing at scale is the fashion industry’s new must-have. The survey shows that social and environmental sustainability has become a key priority for apparel companies, just as it is becoming an increasingly important issue for consumers and governments.

Manufacturing Procurement 52

Manufacturing Procurement Purchasing Skills Sourcing Sustainability 52

Resilinc

MARCH 26, 2024

Welcome to part three of our AI in Supply Chain blog series. In this blog, we explore the different types of predictive AI models for supply chain risk management. In our second AI blog of the series, Predictive AI vs. Generative Supply Chain AI , we looked at the difference between predictive AI and generative AI.

Modeling 106

Modeling Supply Chain Risk Management Modeling Software Risk Management 106

EC Sourcing Group

AUGUST 16, 2022

Unethical Sourcing Practices in Procurement and How to Avoid Them. Say you took a gift or a low price from a vendor, neither of which seemed unethical at the time. Every company wants to save money, but the right sourcing software can help you manage spend and save money the right way. Illegal sourcing. Favoritism.

Sourcing 40

Sourcing Procurement Negotiate Pricing How To 40

SCMDOJO

SEPTEMBER 18, 2023

Whether you’re a seasoned procurement professional or just stepping into the world of sourcing and acquisitions, understanding the nuances of procurement synonyms can make all the difference. Sourcing plays a crucial role in building strong supplier relationships and achieving cost-effectiveness in the supply chain.

Negotiating Skills 100

Negotiating Skills Manufacturing Procurement Optimal Sourcing Pricing Training 100

Supply Chain Game Changer

JULY 3, 2019

The Green Supply Chain: True Sustainability or Just One Big Marketing Stunt? Sustainability is created at the source of our products, services, and consumption. Article originally published by, and permission to publish here provided by, Sam Jenks at kodiakrating.com. Sustainability. but seldom click on the link to read.

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Sourcing Strategies Purchasing Skills Sourcing Sustainability 58

EMERGE App

JULY 11, 2018

Google a phrase like “sourcing products from China” and you’ll instantly be faced by almost 39 million results! And it’s not just an immense and low-cost labour force that has given Chinese manufacturers a competitive advantage. And the place to source for most, if not all, of your products is in China.

Purchasing Skills 64

Purchasing Skills Manufacturing Procurement Negotiate Pricing Negotiating Skills 64