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The Future of Procurement Is Upon Us. Are You Ready?

ivalua

Niul Burton wrote a great article in Industry Week titled “Procurement 2025: 10 Challenges that Will Transform Global Sourcing”. For those of you who are executives in Supply Chain, Procurement or New Product Introduction/Development, this is a must read. Burton predicts that China and Brazil will become hubs for global sourcing.

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The difference between supply chain and logistics explained

Unleashed

The life of coffee begins with growers in the likes of Brazil or Vietnam. A lean business looking to build efficiencies would do well to try and improve this metric. A metric to determine how many days it would take to run out of supply if you did not replenish your stock. E.g. 35 DOI + 31 DOR = 66. Inventory days of supply.

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Insights from Elemica reveal 2014 Frankfurt

Talking Logistics

The German team overcame disappointments in 2006 and 2010 to win the World Cup this year, while favorites Spain (the defending champion) and Brazil (the host country) were humbled by the competition. The answer: Both teams illustrate that past performance is no guarantee of future results. Improve process quality for vendors and BASF.

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Building the Business Case for Supplier Information Management (End-to-End SIM Solution)

HICX Solutions

As Stephane describes, the overall aim was “to transform and digitize the way in which we manage Procurement within Mondelez.”. What metrics should be considered? Stephane talks to four main areas of metrics in the webinar: Efficiency gains in processes. Effectiveness. He continues: “Look at end-to-end processes.

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An Interview on Building a Case for Supplier Information Management (SIM)

HICX Solutions

Stephane is an Associate Director, Global Procure to Pay at Mondelez International. Stephane does note these metrics will be individual to every company depending on various factors and what their overall organizational goals are as well. Cost to serve: they were able to reduce supplier communication related costs.

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SCRC Meeting Insights Part II: Management Principles for Executing Visibility Strategies

NC State SCRC

Will digitization change the way we measure things and monitor metrics? A problem in procurement can impact manufacturing and logistics and planning, but often these dots are never connected, so there never emerges a cross-functional approach to working on them.

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Global Manufacturing PMI Levels Rise in January 2024

Supply Chain Matters

Output reportedly rose in China , India and Brazil and fell more slowly in the Eurozone , Japan and the United States. This metric bears continual observation in the coming months. Business confidence levels reportedly rose to their highest level since April of 2023.