Remove Capacity Remove Just-in-Time Remove Procurement Remove Supplier Management
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The Supplier Management Secret Recipe

Supply Chain Game Changer

What is Supplier Relationship Management (SRM)? The Supplier Management Secret Recipe article and permission to publish here provided by Sam Jenks. Building a secret recipe for smooth supplier management requires a foundation, which you can build upon, experiment with, and eventually make your very own.

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4 Ways Modern Software will Empower Digital Procurement

ivalua

The past few years have been a boon for procurement, which has become increasingly strategic and critical to business. The pandemic has accelerated this trend, with the Procurement function front and center in the fight to ensure supply chain resilience and continuity, reduce costs and protect the bottom line.

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How Modern Software Empowers Procurement with Agility and Resilience in Times of Crisis

ivalua

The pandemic wreaked havoc on businesses and their supply chains, but even in these trying times, there’s a silver lining. The job of sourcing professionals is to understand the risk in the supply chain and manage it so they can react quickly when a problem occurs.” Balancing New Priorities Makes Procurement More Valuable.

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8 Supplier Management Best Practices any bussiness can implement

Precoro

For anyone responsible for procurement in an organisation, supplier management is an inevitable area of responsibility. Poor supplier performance due to the lack of oversight, analytics and clearly defined requirements. Inability to adapt to change in your organisation and scale fast enough.

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Supplier Diversity: From Checking-the-Box to a C-Suite Strategy

ivalua

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. Today, many US businesses proudly maintain robust supplier diversity programs. .

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Eliminate the Bullwhip Effect – Communicate with Your Suppliers

QAD

Common results of the bullwhip effect are excess inventory and associated cost increases, lost revenue, unnecessary capacity and a less-than-optimal customer experience. Decades of just-in-time manufacturing have sought to eliminate as much supply chain inefficiency as possible, by tightly matching replenishment to demand.

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It’s Time to Rethink Supply Chain Risk Management

ivalua

Herculean efforts by Procurement and Supply Chain departments to keep supplies flowing have prevented even more extreme disruptions than what we’ve experienced, but have inadvertently created additional risks. . Common Supply Chain strategies, such as just-in-time inventory, exacerbate the impact of shocks.