Supply Chain Shaman

APRIL 26, 2022

Since I have covered bi-directional orchestration in prior blogs, here I am going to detail how taxonomies in the area of digital twin and direct procurement need to morph to drive value but for reference, in Figure 1, I share the previously shared model for bi-directional orchestration. He was frustrated.

Manufacturing Procurement 217

Manufacturing Procurement Optimal Sourcing Supply Chain Planning Software Procurement Analytics 217

Supply Chain Shaman

DECEMBER 15, 2022

In my research, I find that the lack of alignment has a direct impact to value (operating margin and market price to book value). In the supply chain team analysis, note the 21% gap between procurement and manufacturing teams, the 35% gap between sales and operations and the 21% gap between finance and operations. Functional Metrics.

Manufacturing Procurement 387

Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software Procurement Analytics 387

Logistics Viewpoints

AUGUST 15, 2022

GEP and the North Carolina State University (NCSU) Supply Chain Resource Cooperative surveyed supply chain, procurement and IT professionals across a range of industries to gain insight into their priorities and strategies regarding supply chain resilience and optimization. Alex Zhong, Director Product Marketing at GEP.

Supply Chain Network Software 218

Supply Chain Network Software Manufacturing Procurement Procurement Analytics Optimal Sourcing 218

Logistics Viewpoints

JUNE 29, 2023

It is crucial for organizations to understand the importance of Purchase Order collaboration to effectively manage their direct spend, optimize operations, and mitigate risks. Direct spend can be a significant part of the Cost of Goods Sold for an organization.

Manufacturing Procurement 185

Manufacturing Procurement Procurement Analytics Material Savings Inventory Reduction 185

Logistics Viewpoints

OCTOBER 20, 2022

At the same time, a retailer whose product demand drops sharply has less need for transportation capacity and therefore tenders lower volumes to contracted carriers. The frequency of RFP events is only one area that can be improved as shippers look for a better way to manage freight procurement processes.

Freight 209

Freight Logistics Network Optimization Software Optimal Sourcing Jacksonville 209

Supply Chain Shaman

MARCH 21, 2024

Taxonomy of Outside-in Planning Based on the Art of the Possible To accomplish this goal, we need to discard the current crawl, walk, and run models and just jump. The class discovers the current blackholes of the supply chain (direct procurement and contract manufacturing. My job was redesigning work to improve effectiveness.

Inventory Reduction 389

Inventory Reduction Supply Chain Planning Software Cost Reduction Strategies Supply Chain Design Software 389

Supply Chain Shaman

MAY 26, 2023

Primed for transactional efficiency, these legacy architectures based on relational databases drive order-to-cash and procure-to-pay efficiencies. Why is this needed? Bi-directional Orchestration. Why is this needed? I term this our data jail. The graph is denoted by G(E, V). An ontology is a graph database use case.

Optimal Sourcing 337

Optimal Sourcing Modeling Supply and Demand Manufacturing Procurement 337

The Logistics of Logistics

DECEMBER 5, 2022

Brad serves as the Senior Director of Customer Strategy at Emerge , the leading freight procurement platform. Transforming the $800 billion freight industry, Emerge empowers meaningful logistics relationships through its award-winning Freight Procurement Platform. About Brad Wheeler. Key Takeaways: The FreightTech Dilemma.

Supply Chain Network Software 210

Supply Chain Network Software Logistics Network Optimization Software Sourcing Strategies Modeling Software 210

ivalua

AUGUST 17, 2021

What does Procurement mean? An organization’s Procurement function is responsible for managing spend, in other words the buying goods and services that are used to make the products sold to customers as well as the purchasing of products and services used to run the organization on a day to day basis.

Manufacturing Procurement 130

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 130

ivalua

JANUARY 13, 2023

Public Procurement: Building Business Cases and Driving Momentum. For the Government, supplier diversity programs are something procurement professionals in the United States (US) have accepted as a key element to their procurement success. Agile Procurement in Canada. Social Procurement Framework in European Union.

Sourcing Strategies 246

Sourcing Strategies Cost Reduction Strategies Expense Reduction Optimal Sourcing 246

ivalua

JANUARY 30, 2023

Why should Procurement own Scope 3 Emissions? For most procurement (and supply chain) professionals, the topic of Scope 1, 2, and 3 emissions should be coming at you from every direction. Most organizations are familiar with Scope 1 and 2, as they are direct and indirect emissions from your own operations.

Procurement Analytics 130

Procurement Analytics Waste Reduction Vendor Strategies Optimal Sourcing 130

ivalua

JANUARY 30, 2023

Why should Procurement own Scope 3 Emissions? For most procurement (and supply chain) professionals, the topic of Scope 1, 2, and 3 emissions should be coming at you from every direction. Most organizations are familiar with Scope 1 and 2, as they are direct and indirect emissions from your own operations.

Procurement Analytics 130

Procurement Analytics Waste Reduction Vendor Strategies Optimal Sourcing 130

The Logistics of Logistics

SEPTEMBER 25, 2023

About Paul Noble As Founder and Chief Strategy Officer of Verusen, Paul Noble oversees the company’s vision and strategic direction. This helps organizations reduce risk and tail spend, optimize working capital, and ensure production uptime to meet customer needs.

Optimal Sourcing 263

Optimal Sourcing Material Savings Sourcing Strategies Inventory Reduction 263

Logistics Viewpoints

MARCH 24, 2022

Multi-carrier parcel shipping technology gives merchants the functionality they need to roll out these offerings and better serve customers. Business intelligence tools can use this visibility and other information to help shippers act more strategically by procuring the most efficient, cost-effective carrier services.

Supply Chain Planning Software 219

Supply Chain Planning Software Optimization Software Logistics Network Optimization Software Forecasting Software 219

ivalua

APRIL 25, 2023

Ivalua, a global leader in spend management , and KPMG Norway today announced that Aker BP has gone live with Ivalua’s S2C and Supplier Relationship and Risk Management (SRM) solutions to streamline its direct and indirect procurement operations. We look forward to accelerating our procurement digitalization journey with Ivalua”.

Optimal Sourcing 130

Optimal Sourcing Sourcing Strategies Supplier Management Norway 130

Logistics Viewpoints

FEBRUARY 26, 2024

The volume of goods needed to serve their patients is also significant. Distributors also make direct deliveries of pharmaceuticals to all Cooper locations that need drugs. Operating a smoothly running supply chain for a system with that number of sites is challenging. Prior to 2020, they were paying around ten cents a mask.

Supply Chain Planning Software 249

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Pharmaceutical 249

The Logistics of Logistics

MARCH 28, 2022

Maddox is responsible for engaging with shippers offering tools that empower meaningful logistics relationships through its award-winning Freight Procurement Platform. Transforming the $800 billion freight industry, Emerge empowers meaningful logistics relationships through its award-winning Freight Procurement Platform.

Supply Chain Network Software 192

Supply Chain Network Software Logistics Network Optimization Software Freight Predictive Analytics Software 192

Unleashed

JANUARY 8, 2024

Procurement management directly impacts your bottom line, making it a critical component of running a profitable product-based business. In this article, we look at the different stages of procurement management. We’ll also explore project procurement management and the relationship between procurement and supply chain management.

Procurement Solutions 52

Procurement Solutions Pricing Training Negotiating Skills Purchasing Skills 52

SCMDOJO

MARCH 19, 2024

While Its primary purpose is to manage the entire process, from procurement to delivery, efficiently and cost-effectively, it also coordinates with production to automate processes and planning, etc. Watch What is Marketing Procurement? Why do you need a structured Supply Chain Department? on our SCMDOJO YouTube Channel!

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

Precoro

AUGUST 14, 2023

More and more companies are acknowledging the importance of centralizing and optimizing their procurement operations. One of the ways to accomplish this is to establish a procurement team to streamline ordering by centralizing purchases and improving supplier relations. What are the duties of a procurement manager?

Negotiating Skills 98

Negotiating Skills Purchasing Skills Buyer Training Procurement Solutions 98

Precoro

FEBRUARY 26, 2024

For procurement professionals, systemizing and optimizing cost centers is not just a matter of financial management; it's a strategic task for driving efficiency, controlling costs, and enhancing overall performance. Types of Cost Centers Companies craft their own cost centers according to production needs and operational specifics.

Optimal Sourcing 105

Optimal Sourcing Cost Reduction Strategies Optimization Software Negotiating Skills 105

ivalua

JULY 12, 2021

Redwood City, CA, July 13, 2021 – Ivalua, a global leader in Cloud Spend Management solutions, announces an extension of its Procure-to-Pay solution with a new Inventory Collaboration capability. Procurement and other business users will be empowered to make more informed buying and planning decisions with the help of: .

Real-time Visibility 130

Real-time Visibility Optimal Sourcing Inventory Reduction Procurement 130

Logistics Viewpoints

APRIL 1, 2021

In a previous post , I made a case for how the Chief Supply Chain Officer (CSCO) and Chief Procurement Officer (CPO) are smarter together. Accordingly Supply Chain and Procurement will need continuous collaboration. Such sourcing events can be in the context of direct materials or logistics capacity.

Optimal Sourcing 188

Optimal Sourcing Manufacturing Procurement Procurement Analytics Procurement Solutions 188

Precoro

JANUARY 29, 2024

As the department overseeing an organization's external expenditure, procurement is responsible for softening the impact of inflation. In this article, we will discuss how a robust procurement management plan can help address and mitigate the effects of inflation. for the US yet 10.7% in the Czech Republic. Objectives and scope.

Procurement Solutions 98

Procurement Solutions Procurement Analytics Optimal Sourcing Supply Chain Planning Software 98

ivalua

NOVEMBER 3, 2021

Acting as a complementary partner to their suppliers, Procurement is a central target and strategic function for Ahlsell. One of the early objectives of Procurement was to optimize tail supplier management. Bouncing back from the pandemic, the retail industry has transformed rapidly to meet crucial customer needs.

Optimal Sourcing 130

Optimal Sourcing Procurement Solutions Negotiating Skills Negotiate Pricing 130

Logistics Viewpoints

NOVEMBER 6, 2023

As corporations announce plans to be Net Zero across their end-to-end supply chain at some point in the future – often 2050 – they then need their suppliers to participate in helping them meet their goals. Large corporations often have thousands, sometimes tens of thousands, of direct material suppliers.

Resource Reduction 223

Resource Reduction Material Savings Supply Chain Planning Software Procurement Analytics 223

ivalua

JUNE 29, 2022

Importantly, the study demonstrates why more needs to be done across the supply chain to assess and measure green credentials regularly. While making these changes is now imperative for helping prevent climate change, it can be difficult to know where to start when it comes to sustainable procurement. Pick the right tools for the job.

Waste Reduction 130

Waste Reduction Supply Chain Strategy Supply Chain Planning Software Strategy 130

Arena Solutions

APRIL 23, 2024

They include: Identifying cybersecurity and safety risks Determining what product functionality and infrastructure need to be regulated (e.g., Certification categories and requirements need to be further defined to address novel UAM technology and its continued advancements. billion (USD) in revenue and achieve a 16.7%

Supply Chain Design Software 83

Supply Chain Design Software Optimization Software Manufacturing Procurement Optimal Sourcing 83

ivalua

MARCH 1, 2022

In late 2021, The Hackett Group asked Procurement Leaders about their strategic priorities and initiatives for the coming year. After a rollercoaster 2021, how do we pivot and plan for a successful Procurement strategy in 2022? . We expect procurement organizations will continue to enhance visibility, agility, and capability. .

Negotiating Skills 130

Negotiating Skills Negotiate Pricing Modeling Software Price Reduction 130

ivalua

JUNE 27, 2022

Better Margins = Direct impact to their bottom line. Ivalua: Other dynamic discounting solutions are flat, linear tools driven by the supplier’s cash flow needs at the point-of-payment. Higher cash yields and direct impact to strategic financial kpis (ebitda, dpo) equals more supplier liquidity and health.

Vendor Strategies 130

Vendor Strategies Optimal Sourcing Price Reduction Cost Reduction Strategies 130

The Logistics & Supply Chain Management Society

FEBRUARY 16, 2023

Procurement, activities such as strategic sourcing, are one of the main processes in the supply chains that can generate a positive impact on companies by giving them a competitive advantage in the market. Strategic sourcing can help supply chain leaders identify potential risk factors and develop procurement mitigation plans.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Sourcing Strategies Optimal Sourcing Purchasing Skills 130

The Logistics & Supply Chain Management Society

FEBRUARY 16, 2023

Based on our experience working with procurement pros all over the world, we’ve put together seven strategies for getting the most out of your supplier relationships and strengthening the resilience of your supply chain. Procurement leaders say that when tackling a disruption, relationships with suppliers are what really make the difference.

Supply Chain Planning Software 130

Supply Chain Planning Software Predictive Analytics Software Manufacturing Procurement Price Reduction 130

Silvon Software

APRIL 19, 2022

The past few years have created a lasting impact on the way business is conducted, driving many companies to analytics to gain the visibility they need to control and optimize key processes. The Basics of Procurement KPIs. Every KPI needs a clearly defined goal. Supplier KPIs.

Optimal Sourcing 113

Optimal Sourcing Procurement Analytics Manufacturing Procurement Negotiate Pricing 113

The Logistics of Logistics

MARCH 28, 2022

Maddox is responsible for engaging with shippers offering tools that empower meaningful logistics relationships through its award-winning Freight Procurement Platform. Transforming the $800 billion freight industry, Emerge empowers meaningful logistics relationships through its award-winning Freight Procurement Platform.

Freight 130

Freight Supply Chain Network Software Logistics Network Optimization Software Predictive Analytics Software 130

ivalua

DECEMBER 3, 2021

Importantly, the study demonstrates why more needs to be done across the supply chain to assess and measure green credentials regularly. While making these changes is now imperative for helping prevent climate change, it can be difficult to know where to start when it comes to sustainable procurement. Pick the right tools for the job.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Software Sustainability Supply Chain Planning 130

Procurement Academy

OCTOBER 19, 2023

A generic approach to training is not the solution to the increasing range of challenges facing procurement teams. This means that skills enhancement across wider roles is required for procurement professionals, with a focus on role-specific learning.

Buyer Training 52

Buyer Training Purchasing Training Negotiating Skills Optimal Sourcing 52