Supply Chain Shaman

JUNE 3, 2024

My question then centers on how do we drive a probabilistic signal through planned orders to tactical planning and what is the role of the combination of probabilistic planning and the bullwhip effect on the right decision for sourcing? Close your eyes and think about all of the lab books, computer records and testing by R&D.)

Supply Chain Planning Software 352

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Supply Chain Game Changer

OCTOBER 28, 2021

Featuring Our 12 Best Procurement Articles! Procurement is a function that is undergoing an exciting transformation in the majority of global value chains; simultaneously, within its own strategy, process, and technology. This is an exciting time to be a procurement practitioner, as well as a vendor of ProcureTech solutions.

Optimal Sourcing 89

Optimal Sourcing Procurement Supply Chain Planning Software Modeling Software 89

Precoro

DECEMBER 28, 2023

Read about a venture capital studio that implemented procurement software to manage purchases for 10 portfolio companies in addition to their own. Another aspect of the team’s work is to set up and support ongoing processes, like marketing, strategic planning, and operational activities like procurement.

Procurement Solutions 105

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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. These risks may include supply chain disruptions and quality issues.

Negotiate Pricing 92

Negotiate Pricing Negotiating Skills Pricing Training Purchasing Training 92

Kodiak Hub

SEPTEMBER 23, 2021

Procurement is a function that is undergoing an exciting transformation in the majority of global value chains; simultaneously, within its own strategy, process, and technology. This is an exciting time to be a procurement practitioner, as well as a vendor of ProcureTech solutions. It’s time to air our dirty laundry.

Optimal Sourcing 59

Optimal Sourcing Procurement Supply Chain Planning Software Modeling Software 59

NC State SCRC

AUGUST 18, 2022

Artificial intelligence is growing rapidly across many organizational applications, and nowhere is this impact greater than in procurement. Given the recent rapid inflationary pressure and the challenges of significant material shortages in 2022, there is growing pressure on procurement to continue to deliver value, as never before.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 52

HICX Solutions

DECEMBER 21, 2020

An Interview with Peter Smith on ‘Bad Buying’ and ‘Procurement with a Purpose’. HICX was pleased to welcome Peter recently to our interview series on data in Procurement, in which we asked him more about his book, as well as his other project, ‘Procurement with a Purpose.’ Audio only. The role of data in ‘Bad Buying’. ‘Bad

Optimal Sourcing 52

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Supply Chain Shaman

JANUARY 31, 2022

The two most significant factors were a rise in time between the booking to gate in at the port, up 43%, and the ocean transit time, up 36%. Source E2open Shipping Index). The Chief Financial Officer gained more presence with procurement and IT reporting to finance. We started the conversation with sourcing. What to do?

Procurement Analytics 221

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies 221

Logistics Viewpoints

MARCH 4, 2021

Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. Supply chain planning involves interaction with different types of information based on internal and external data sources. This includes internal and external data sources.

Supply Chain Planning Software 262

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Precoro

OCTOBER 10, 2022

In today's competitive market, where it's not all about cost savings, tracking procurement performance and aligning it with business goals and objectives is a must-have. So how do you measure the effectiveness of procurement operations within your organization? What Are Procurement KPIs, and Why Use Them?

Procurement Analytics 52

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Supply Chain Shaman

FEBRUARY 7, 2022

The two most significant factors were a rise in time between the booking to gate in at the port, up 43%, and the ocean transit time, up 36%. Source E2open Shipping Index). The Chief Financial Officer gained more presence with procurement and IT reporting to finance. We started the conversation with sourcing. What to do?

Procurement Analytics 195

Procurement Analytics Manufacturing Procurement Sourcing Strategies Optimal Sourcing 195

SupplyShift

APRIL 13, 2021

SupplyShift takes a look at three ways that supply chain professionals can drive sustainability through procurement practices. This, in light of recent global issues and advancements, is the perfect time for professionals to normalize sustainable procurement practices. What do we mean by “sustainable procurement practices?”

Optimal Sourcing 52

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SupplyShift

APRIL 13, 2021

SupplyShift takes a look at three ways that supply chain professionals can drive sustainability through procurement practices. This, in light of recent global issues and advancements, is the perfect time for professionals to normalize sustainable procurement practices. What do we mean by “sustainable procurement practices?”.

Optimal Sourcing 52

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SCMDOJO

NOVEMBER 2, 2023

Expertise: Sourcing, Supply Chain Analysis, Logistics & Transportation, Logistics Management Consulting, Freight (Maritime, Land, or Air), Logistics Technology Solutions. He can lead your company through the complex procuretech industry because of his specialization on procurement technology. Connect Now!

Supply Chain Design Software 59

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SCMDOJO

FEBRUARY 29, 2024

Your supplier may charge you an agreed-upon price, but if the service is unmarked or the merchandise is of poor quality, you won’t be able to meet your savings goals. Most companies rely on on-time delivery, price reduction, and quality service from suppliers to make more profit. How is it possible?

Vendor Strategies 56

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Supply Chain Game Changer

NOVEMBER 24, 2018

Check out Outsourcing Sourcing! Then you need Virtual Procurement! We are too small and can’t afford to hire a full-time procurement person. We are busy and just don’t have the time to focus on procurement.”. “We This is a sure sign of the growing level of understanding and sophistication of procurement.

Negotiating Skills 51

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ivalua

MARCH 17, 2021

The DATA Act is intended to improve the quality and transparency of the Federal Government’s award data through implementation of government wide spend reporting standards set by the OMB and Department of Treasury. The Procurement Link. Capability to scale by automating complex manual, often disparate, processes.

Manufacturing Procurement 130

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Claritum

APRIL 25, 2018

However, it is important for companies to manage the process of sourcing promotional goods effectively. This can result in the products being purchased across the company having an inconsistent quality, which can be damaging to the companies brand. Source: PPAI Sales Volume Study Summary. Sourcing off catalogue.

Sourcing Strategies 32

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Supply Chain Shaman

SEPTEMBER 23, 2016

With this in mind, in this blog, I make an argument that we, as supply chain leaders, have screwed up direct material procurement. My goal is to have supply chain leaders consider a procurement redesign for 2017. As shown in Figure 1, roughly one in two supply chain organizations have responsibility for procurement.

Material Savings 150

Material Savings Manufacturing Procurement Optimal Sourcing Vendor Strategies 150

Supply Chain View from the Field

OCTOBER 31, 2014

I was recently interviewed by Jon Hansen on Blog Talk Radio , discussing my new book “The Procurement Value Proposition” co-authored with Gerard Chick. In the interview, I discuss some of the major changes going on in the procurement area, and how we are at a crossroads for driving change.

Procurement 74

Procurement Cost Reduction Strategies BRIC Modeling 74

Supply Chain View from the Field

NOVEMBER 10, 2014

In this blog, I review the new book “Sustainable Luxury” by Gardetti and Torres. This books brings together a series of thought pieces, empirical research studies, and theoretical arguments that provide a broad platform for thinking about sustainable luxury. Luxury, sustainability, and consumption.

Sustainability 68

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Supply Chain View from the Field

AUGUST 1, 2015

As organizations continue to discuss the notion of procurement value transformation, there is a noticeable gap between the stated intentions of organizations to pursue value, and their actions as they pertain to on-going adversarial approaches to supplier relationships.

Analytics Software 60

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Supply Chain Shaman

SEPTEMBER 3, 2018

According to my research, top-performing supply chains possess three very different qualities. A supply chain that produces products at the same cost, quality and customer service given the level of demand and supply volatility. For more on this topic, read the book Supply Chain Metrics That Matter. Responsive.

Supply Chain Planning Software 325

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QAD

DECEMBER 10, 2019

Consider a story from Seth Stephens-Davidowitz’s book, Everybody Lies on the topic of big data. Can you ensure quality inspections meet the standards set by your customers? Manufacturers we work with often mention the desire for a single source of truth and quicker access to information that improves decision-making with suppliers.

Manufacturing Procurement 134

Manufacturing Procurement Real-time Visibility Inventory Reduction Cost Reduction Strategies 134

Supply Chain Matters

MARCH 25, 2024

Significant Management Leadership Shakeup According to published reports from both Bloomberg and The Wall Street Journal this morning, Boeing is undergoing senior management leadership changes in the wake of the ongoing production quality corporate and other challenges that have tarnished this aircraft maker.

Supply Chain Design Software 52

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Precoro

AUGUST 31, 2023

As the name implies, the key objective of these actions is to reduce expenses with minimal or no sacrifice of the product quality or performance level. Cost saving is about finding an efficient way to keep the expenses on the books but reduce their monetary value. Companies can cut costs in various ways.

Material Savings 105

Material Savings Cost Reduction Strategies Expense Reduction Price Reduction 105

ThroughPut

MAY 9, 2024

Businesses can no longer afford to function based on a linear “push” model – where they procure raw materials, produce goods, and go to market with what they have, whenever they have it. A resilient supply chain has great visibility and the agility to shift sourcing, manufacturing and distribution activities around fairly rapidly.

Negotiate Pricing 52

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NC State SCRC

NOVEMBER 2, 2023

Lessons Learned from a Career in Procurement As part of our weekly Supply Chain Leadership, I interviewed Howard Richman, who I am co-authoring a new book with (“Procurement Confidential”). At Mars, procurement (commercial as it was called) was one of the most highly regarded of the professions.

Procurement Analytics 52

Procurement Analytics Negotiating Skills Manufacturing Procurement Optimal Sourcing 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. Is the quality of goods or services inconsistent?

Analysis 52

Analysis Purchasing Skills Optimal Sourcing Procurement Analytics 52

Arena Solutions

JANUARY 10, 2023

Insufficient time to source critical parts for upcoming product release in light of an unforeseen shortage. Quality information automatically links to the product record, enabling teams to have complete visibility and traceability into product nonconformities throughout the entire lifecycle and streamline compliance. READ E-BOOK.

Agile and Lean Supply Chain 78

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Requis

OCTOBER 30, 2020

He provides a wide array of educational content for supply chain practitioners, including the Supply Chain Secrets channel on YouTube and a number of books, including his latest, Supply Chain Secrets. Sourcing has probably been the biggest thing over the last decade or two, coupled with that reduction in local manufacturing of course.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Sourcing Strategies Sourcing 52

Pivot88

APRIL 17, 2017

For many years, many strategic sourcing and procurement professionals have been using the cost reduction playbook as a guide for all of their sourcing and procurement activities. THE GAME CHANGER…VALUE PROCUREMENT. Procurement officers are under pressure to deliver value added performance.

Cost Reduction Strategies 40

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Supply Chain Matters

OCTOBER 17, 2023

Both aircraft manufacturers continue to address challenges related to availability of certain key components or assemblies that have exhibited either quality and reliability issues related to component production and/or performance levels. Total orders booked through Q3 amount to 848 orders.

Manufacturing Procurement 52

Manufacturing Procurement Modeling Supply Chain Planning Supply Chain Design 52

Logistics Bureau

DECEMBER 4, 2023

Book Now Let’s talk about your warehouse layout! Book your free consultation. However, considering those events, the company did adjust its procurement strategy, increasing engagement with alternative sources of supply. Book Now Ready to review and improve your inventory management? Book a free consulting call now.

Inventory Reduction 73

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GlobalTranz

MAY 1, 2015

Data can indicate issues with procurement , product quality, and delivery. A trend in dual/multi-sources helps to provide additional supplier sources in the case of any concerns. Buyers are moving away from selection based solely on purchase price and quality discount. A New Unique Selling Proposition?

Supply Chain Visibility 120

Supply Chain Visibility Purchasing Skills Optimal Sourcing Buyer Training 120

Kanban Logistics

MAY 25, 2022

By holding this inventory on your books, you’re doling out money for assets that won’t turn into cash any time soon. Reduce risk – having inventory close by provides a hedge against weather-related delays or quality problems that may necessitate re-ordering from a distant source. Third-party procurement.

Material Savings 52

Material Savings Inventory Reduction Waste Reduction Vendor Strategies 52

Arena Solutions

JANUARY 10, 2023

PUTTING AGILE INTO ACTION: 7 KEYS TO SUCCESS To establish a more agile operation and help drive greater efficiencies and visibility throughout your NPD process, follow these tips: Implement a proven cloud-native solution that connects your people, processes, and product information in a single source of truth. READ E-BOOK References 1.

Agile and Lean Supply Chain 52

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