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Lots and lots of articles point to the fact that its from the French word " Logistique " which first appeared in the book " The Art of War " in 1838 by Baron Henri de Jomini who was the general in French army during Napoleons time. Image credit Google Books. Image Credit : Google Books. Image Credit : Google Books Project.
In the height of the e-commerce craze, the marketplace offerings started with a focus on e-procurement. The widely-held view was that the e-procurement market would fuel the next generation of marketplace applications. The rebirth of marketplace offerings is not on the back of e-procurement or ERP. The debates were heated.
We’ve compiled a list of 10 great supply chain analytics books to help you better understand the concepts and strategies behind this vital business field. From foundational reads to more advanced topics, these books will help you start your journey into the world of supply chain analytics!
The following Google Ngram Viewer graph shows the frequency of the terms “supply chain”, “logistics” and “procurement” in books published between 1975 and 2008. We can only speculate about the current use, as Google’s database ends in 2008.
Background According to the book " Steve Jobs " by Walter Isaacson, Steve Jobs returned to Apple in 1997. Steve Jobs met Tim Cook In 1998, Steve Jobs invited Tim Cook for the interview while Cook was working as a procurement and supply chain leader at another company. At that time, Apple''s supply chain was an absolute mess!
in to transportation management to drive routing information and booking optimization). Examples include alternate sourcing, bill of material changes or alternate modes/routing between the planning, procurement and transportation.) The groups of supply planning, procurement and logistics operate within silos. History of E2open.
Vivek is the managing director of Global Supply Chain Group and author of three books on global supply chains. I’ve written about this at length in my books and spoke about it in my presentation in Singapore. I call this phase SCM 1.0. As a result, SCM 2.0 Then came SCM 3.0 or SCM 1.0.
I then recommend that the business augment the SAP SCM functionality using best-of-breed, industry-specific optimization. Why I Believe SAP SCM Is a Risk to Your Business. So, it is in their best interest to support the implementation of SAP SCM software.). The SAP solution is better than the Oracle SCM solution for planning.
However, based on the research for the book Bricks Matter , I now sadly know that only one of these statements is true. This heightened awareness on business continuity has increased the emphasis on supplier development and is changing the processes in procurement to focus from squeezing costs and terms to building relationships.
I then recommend that the business augment the SAP SCM functionality using best-of-breed, industry-specific optimization. Why I Believe SAP SCM Is a Risk to Your Business. The SAP solution is better than the Oracle SCM solution for planning. So, why do I not believe in SAP SCM 7? Here is my advice. Let’s face facts.
Used as a one-to-many data model for sourcing and procurement by companies like IBM, Cisco Systems, Dell, Motorola, Seagate, and Vodafone , there is much promise; but in the last five years the Company, plagued by execution issues, encountered problems. Traditionally E2open sold to the procurement organization. It is a new buyer.
Supply Chain Management (SCM) concepts are now thirty-years old. Previously, the focus was on a more siloed approach to improving manufacturing, procurement or logistics. This is best described by Mike Gilliland in his book The Business Forecasting Deal: Exposing Myths, Eliminating Bad Practices, Providing Practical Solutions.
The digital transformation of supply chain management, more specifically procurement and sourcing functions, is becoming a part of the new normal in business. Recently, I read Magnus Carlsson’s book, Strategic Sourcing and Category Management: Lessons learned at IKEA. Check out The Digital Supply Chain (SC 4.0) What You Need to Know!
billion yuan listed on its books as of the end of June 2024, through delaying its payments to suppliers and other related financing. BYD took an average of 275 days to pay suppliers in 2023, Bloomberg compiled data show.
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 These companies redoubled their efforts, looked hard at their expenses and called upon their procurement organizations for help.
Therefore, a firm would be well served to develop a supply chain strategy as described in my book: Supply Chain Transformation. Research from APQC’s Open Standards Benchmarking in procurement shows that organizations without formal SRM programs report 121 percent longer supplier lead times.
While a big chunk of cost lies within procurement, manufacturing and distribution activities, cost reduction from procurement function seems to deliver substantial savings quicker. 10 Greatest Supply Chain Management Books of All Time. SCM-Operations is now SupplyChainOpz. Introductory Guide to Spend Analysis.
Even closer to end customers, in August, Maersk acquired Visible SCM, a Utah-based B2B/B2C company, which handles over 200,000 orders a day across nine fulfillment centers, as well as a European counterpart. The ability for shippers to diversify among carriers by booking through a forwarder will remain a powerful draw for forwarders as well.
Check out What Exactly Is Procurement? The last few years have seen a lot of real (and over) hype associated with the emergence of Software Robots (called Bots/Bot) which are disrupting the legacy procurement processes involving human interface. However it won’t be able to book the ticket for you). And What is Purchasing?
He is co-editor of the book “Open Design Now” Practice Africa Closed-Loop System Corporate Social Responsibility Guest Post Procurement Supply chain complexity Supply Chain Management Supply Chain Sustainability'
2) Procurement Maturity Model. There are lots and lots of procurement professionals who cant really break away from "buy cheapest things" mindset. Handfield and Straight provided a very useful maturity model for procurement function as below, Procurement Maturity Model. SCM-Operations is now SupplyChainOpz.
I am working on a new book focused on the sales and procurement relationship in supply chains with my friend Howard Richman, who has a wealth of experience working for companies like Merck, Citrix, and others. I am publishing a snippet from one of our chapters – to give you a taste for what’s in store!
Yet all of the functions that we now associate with Supply Chain have been around for a very long time: Planning, Inventory Management, Logistics, Procurement and Purchasing, Warehousing and many more. Supply Chain Management (SCM) is the management and oversight of a product from its origin until it is consumed. Source: [link] ).
I find that in this world of the global multi-national that procurement processes have become convoluted and increasingly complex. (In In my opinion, we have made procurement increasingly complex without adding value. Most supply chain planning teams do not know their customers.
Cycle stock is the management of stock required to cycle through production runs and procurement buys effectively. Lora wrote the books Supply Chain Metrics That Matter and Bricks Matter , and is currently working on her third book, Leadership Matters.
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. But when all eight are in perfect rhythm, the result is almost magical. Which metrics are the right ones?
Read More: 10 Must-Read Supply Chain Analytics Books for 2023 ] The benefits of SCM analytics are numerous. While supply chain management and SCM analytics may seem similar at first glance, there are some key differences between the two. What is the Difference Between Supply Chain Analytics and Supply Chain Management?
Disconnected processes : Several of these companies were advised by well-meaning consultants who have written books preaching S&OP best practices. Islands of information: Over the last two decades organizations made quite a bit of investment into Supply Chain Management (SCM) systems.
The phrase “Supply Chain Management” was originally coined by Keith Oliver in 1982 and subsequently gained increasing popularity as its usage was proliferated in books and language. But is just taking courses in basic topics like Procurement, Negotiation, Statistics, Operational Research or Planning sufficient?
He also provided a heuristic solution to the truck packaging problem that helps negotiate the number of trucks to be booked for transportation. Manoj Tiwari, from IIT Kharagpur, provided a real-life illustration and explained the exact mathematical formulation of the problem.
Kevin O'Marah, Chief Content Officer, SCM World. The procurement savings already booked by this organisation are threefold the cost of running the group and its best-in-class handling of risk upstream in the supply base provides vital insurance against brand damage that could destroy billions in shareholder value almost overnight.
The story notes: Tom Linton, Chief Procurement and Supply Chain Officer at Flex, and Robert Handfield, Ph.D., explain in the book “The LIVING Supply Chain,” that operating in real time is an evolving business imperative that delivers multiple benefits: Better decisions can be derived from up-to-the minute information vs. yesterday’s news.
Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. Main | TOC for Electric Utility industry.Part 1 » Face book, Twitter and Asset Management. IT toolbox: SCM community. Procurement Blog. Generic SCM (130). Business Process Outsourcing.
Check out Procurement Experiences, Trends and the Future! In the book, The Living Supply Chain , the authors argue that, “Speeding up the supply chain is at the root of everything that is good: improved revenue, reduced working capital, higher profitability, and less obsolete inventory. Subscribe Here! Email Address.
Working in the Book Retail Industry was an eye opener for me. Unbeknownst to me beforehand I learned that in the Book industry a Retailer can more or less order whatever they want from a Publisher. Selected as one of the Top 75 Supply Chain Blogs, and one of the Top 25 Procurement Blogs, on the Internet. Case 1 – The Bad!
All levels of the organization must be involved, from the procurement person responsible for the supplier up through the CEO, depending on the value of the supplier. The sourcing or procurement function will own the relationship and manage the overall process. All Aboard! Second is the commitment to world-class quality and execution.
The key difference between the traditional SCM and a Blockchain enabled SCM is the positioning of the SCM links. Whereas in the traditional SCM the SCM links are generally enabled in the form of a connected network where every party is connected to the network as an equal player.
The term supply chain management (SCM) could have easily disappeared into the history of business jargon. However, the term became widely adopted after the publication of the seminal book Introduction to Supply Chain Management i n 1998 which I wrote with my colleague Ernie Nichols , during the time I was at Michigan State.
Paul Kretz, Head of SCM at Church & Dwight. Do you want to focus on the Procurement side of things, or more on the Logistics and Planning side? Kristie Syndikus, VP Procurement at Maple Leaf Foods. Pick up my book called “ Growing Comes From Planting Seeds ” by Ron Emery, on Amazon. Do what you love! Find a mentor.
Services Matias Offer on SCMDOJO Logistics Consulting Maritime Freight Sourcing and Procurement Logistics Technology Sourcing Executive Mentoring Guide: Matias, our supply chain consultant, has also created Maritime Freight Sourcing and Procurement Guide , which is available from SCMDOJO Academy.
We achieved recognition both internally and externally for our sourcing and procurement accomplishments in the spend management area. I was in a bookstore, back when there were bookstores, and found two books that changed my life forever. SCM #SupplyChain #Business #Leadership #HumanResources. My tenure at AMD was amazing.
Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. Which fancy maintenance book are you reading these days by the way? IT toolbox: SCM community. Procurement Blog. Generic SCM (130). Sourcing,Procurement,Contract & Spend Management (38).
It is the management process of the entire journey of a product, encompassing the entire supply chain from procurement of raw materials to the final product reaching the consumer. This is stage 1 of the supply chain, which is called Procurement or Sourcing. What is Supply Chain Management in simple words?
Ten years ago artificial intelligence, chat bots, and advanced robotics were the stuff of science fiction movies and books, not technologies to be used in your Supply Chain. SCM #SupplyChain #Technology #IoT #AI #Logistics #Freight #Procurement. As with anything the state of technology is constantly evolving. But here we are.
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