Precoro

DECEMBER 11, 2023

To enhance their competitive edge, companies across industries are adopting a key tactic: strategic sourcing. As part of the larger procurement process, sourcing involves finding and evaluating suppliers for goods or services that need to be purchased. Goals beyond the best purchasing price fall into strategic sourcing.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

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. What is Direct Procurement?

Manufacturing Procurement 130

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 130

Logistics Viewpoints

OCTOBER 23, 2023

The discipline has done a good job of driving collaboration between sales and marketing and manufacturing, procurement, and logistics. Because procurement is a major theme of the conference, I could not help but talk to the top executives of this business unit about the new Elon Musk biography.

Manufacturing Procurement 259

Manufacturing Procurement Supply Chain Design SAP Procurement 259

ivalua

JUNE 15, 2022

At our annual Ivalua NOW event in Paris, France–Ivalua asked, “Is your procurement team prepared to respond to unexpected supplier chain issues with speed and agility?”. Automation and innovation are at the forefront of the supply chain industry with procurement acting as a key enabler in the process. Körber at a Glance….

Supply Chain Software 130

Supply Chain Software Supply Chain Design Software Pharmaceutical Resource Reduction 130

Supply Chain Shaman

APRIL 19, 2024

Most of the network investment is in passing procurement transactional data. The global economy and multi-national supply chain flows were based on rational government policy. As the number of drones and missiles fly into new war zones, and climate issues worsen, companies should be more serious about networks. Lack of a Buyer.

Supply Chain Network Software 275

Supply Chain Network Software Resource Reduction Cost Reduction Strategies Manufacturing Procurement 275

QAD

JANUARY 24, 2023

It is no secret that procurement executives are constantly seeking innovative ways to maximize efficiency and address unexpected supply disruptions. However, procurement is evolving into much more than the most cost effective option since the cheapest option often involves real world atrocities like child and forced labor.

Supply Chain Software 97

Supply Chain Software Manufacturing Procurement Optimal Sourcing Procurement 97

NC State SCRC

JUNE 11, 2023

A recent paper published in the PAR Journal, written by myself, Andrea Patrucco, Zhaohui Wu, Christoper Yukins, and Tanner Slaughter, reveals some insights into the reasons for failure of the federal government response to COVID-19 pandemic. Typically, the state and local governments are responsible for disaster management.

Government 52

Government Resource Reduction Material Savings Manufacturing Procurement 52

SCMDOJO

APRIL 20, 2023

If you’re eyeing a role as a Procurement Manager (or are looking to hire one), you’re in the right place! As a procurement Manager, you’ll play a crucial role in overseeing the purchasing and procurement process for a company or organization, making sure they get the best bang for their buck.

Negotiating Skills 95

Negotiating Skills Optimal Sourcing Procurement Analytics Manufacturing Procurement 95

Enterra Insights

JUNE 15, 2022

Today, corporate social responsibility falls under a broader category called Environmental, Social, and Governance (ESG) practices. ” Wells reports another “survey found that 88% of global consumers would choose to buy from companies with ethical sourcing structures in place over ones that did not.”

Waste Reduction 130

Waste Reduction Cost Reduction Strategies Resource Reduction Price Reduction 130

Precoro

APRIL 6, 2022

If you're reading this now, then you’ve probably noticed how outdated traditional procurement systems recede into the past and are replaced by new modern solutions. What is Cloud Procurement? All this functionality helps save costs, choose the best vendors, ensure compliance, appraise supplier risk, and streamline procure-to-pay cycle.

Procurement Solutions 98

Procurement Solutions Procurement Analytics Modeling Software Analytics Software 98

ivalua

JUNE 11, 2021

As governments around the world start to better understand the challenges caused by Covid-19, the serious global threat posed by climate change is moving back up the commercial agenda. Ivalua – Oliver Oehmke. Capgemini – Marcel Bach. Ikea – Slawomir Peter. Sounds interesting? Sign up HERE. appeared first on Ivalua.

Supplier Management 130

Supplier Management Sustainability Procurement How To 130

Supply Chain Shaman

DECEMBER 15, 2022

” In this work, my observation is that large companies have a more difficult journey to drive organizational alignment, than smaller companies. Companies became less clear on the definition of supply chain excellence and how to implement decision support technologies. This gap grew over the last decade. False Beliefs.

Manufacturing Procurement 387

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

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. Building Business Cases and Momentum.

Sourcing Strategies 246

Sourcing Strategies Cost Reduction Strategies Expense Reduction Optimal Sourcing 246

Resilinc

SEPTEMBER 27, 2022

Peter Guinto capped his 12-year Air Force career in procurement by serving on the federal COVID supply chain task force and becoming head of contracting for the Medium-altitude UAS Division—the unit responsible for keeping the United States’ edge in warfighting drones. How can the U.S.

Government 84

Government Meeting Manufacturing Procurement Supply Chain Design Software 84

SYSPRO Smarter ERP

MARCH 2, 2022

To deal with the new challenges in managing and planning the supply chain , the procurement department is one of the functions that should look at changing. It is no longer sufficient for procurement to focus just on supplier costs, placing orders and ensuring goods are received. The situation changes with a larger number of suppliers.

Optimal Sourcing 116

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Supply Chain Software 116

Precoro

MARCH 31, 2023

March 21 was the second annual iteration of World Sustainable Procurement Day , an online event organized by the Sustainable Procurement Pledge team, SPP Chapters, SPP Champions, and partners to raise awareness about the importance of ethical procurement and to share the best sustainability practices with organizations worldwide.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Manufacturing Procurement Procurement Solutions 52

Supply Chain Shaman

JUNE 9, 2023

Few companies design their supply chains (research data shows that 9% of companies actively design their supply chains), and few planning systems actively analyze and drive answers to the questions: Do I have a good plan? Companies need a planning solution to analyze the trade-offs between make, source, and deliver.

Optimal Sourcing 299

Optimal Sourcing Supply Chain Planning Software Supply and Demand Supply Chain Design Software 299

Supply Chain Game Changer

JULY 14, 2021

Featuring Our 12 Best Procurement Articles! Procurement and Sustainability are your business’ Yin and Yang. Procurement and Sustainability are two disciplines and business functions that exist in a perfectly harmonious contradiction. Procurement is fundamentally centered around the act of acquisition and/or buying.

Optimal Sourcing 98

Optimal Sourcing Procurement Sustainability Material Savings 98

Proxima

SEPTEMBER 12, 2023

And what for procurement teams? Procurement will need to understand all the ways that AI could transform how attorneys manage their work and what challenges AI could create for legal suppliers that need to be considered. These challenges can lead to significant compliance, governance, and liability costs.

Procurement 59

Procurement Predictive Analytics Software Supply Chain Planning Software Modeling Software 59

Precoro

FEBRUARY 4, 2022

According to a Paystream 2018 Procurement Insights report, 80% of organizations still use manual or semi-digital tools to manage their procure-to-pay cycle. Most organizations are using the procurement module integrated with their ERP or accounting software. What is Procure to Pay? Procure-to-Pay Definition.

Procurement Solutions 98

Procurement Solutions Procurement Analytics Optimal Sourcing Procurement 98

GlobalTranz

JUNE 19, 2018

These rates will have natural implications for smaller shippers seeking to lower overall transportation and freight spend, and paired with a “blurred lines between peak shipping and shopping seasons,” shippers will experience increasing trouble when trying to procure full truckload capacity. Conducting annual procurement exercises.

Procurement Solutions 175

Procurement Solutions Procurement Analytics Capacity Procurement 175

Supply Chain Shaman

APRIL 18, 2023

The global supply chain is built on three assumptions: rational government policy, availability of reasonably priced logistics, and low variability. Companies needed quicker answers with better insights, but current organizational processes are slow, putting supply chains on the back foot. Over four-hundred days of war in Ukraine.

Supply Chain Planning Software 374

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 374

Logistics Viewpoints

APRIL 8, 2024

Brandon Daniels, CEO of Exiger The pandemic got almost every company talking about resilience. And a company called Exiger seemingly came out of nowhere to capitalize on this. By the time they started selling the solution to commercial companies, they were poised for rapid growth. Supply chain risk solutions are hot.

Supply Chain Software 230

Supply Chain Software Supply Chain Manufacturing Procurement Predictive Analytics Software 230

NC State SCRC

JUNE 25, 2020

I was recently involved in a research discussion with Chris Yukins of George Washington University’s Law School’s Government Procurement Program, and Thomas Kull from Arizona State University, exploring the impact of the rise of electronic marketplaces in government procurement.

Government 59

Government Arizona Washington Electronics 59

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

Proxima

MAY 31, 2022

OFFICIAL PRESS RELEASE: Bain & Company acquires procurement powerhouse Proxima, strengthening capabilities to advise clients on mounting global supply chain challenges. Bain & Company today announces the acquisition of Proxima, a UK-headquartered global leader in procurement and supply chain consulting.

Optimal Sourcing 52

Optimal Sourcing Company Manufacturing Procurement Cost Reduction Strategies 52

ivalua

MAY 30, 2023

Ivalua Spend Management Insights [ivory-search] 3 Powerful Ways Procurement will Drive the 2030 Saudi Vision Transformation May 30, 2023 | | Procurement Strategy by Sara Omer What is the Saudi Vision 2030 Program? Procurement and supply chain teams will play a crucial role in making this vision a reality.

Manufacturing Procurement 49

Manufacturing Procurement Procurement Solutions Resource Reduction Price Reduction 49

SupplyShift

NOVEMBER 12, 2021

In the wake of the COVID-19 pandemic and mass shortages of basic goods like toilet paper, the world is realizing the pivotal role that procurement plays in the everyday running of businesses and global commerce. Here are some steps to simplify sustainability and set procurement teams up for success: Align Leadership and Sustainability Teams.

Procurement Solutions 52

Procurement Solutions Manufacturing Procurement Optimal Sourcing Sustainability 52

HICX Solutions

NOVEMBER 28, 2022

Costas Xyloyiannis, CEO of HICX, discusses how organisations can achieve sustainable procurement with strong supplier partnerships. For example, in Germany, the new Supply Chain Act will mean that companies with 3,000 employees or more will be accountable for any exploitation of workers in their supply chains.

Manufacturing Procurement 52

Manufacturing Procurement Sustainability Procurement Germany 52

Jaggaer

AUGUST 4, 2020

?. Public sector procurement is stuck in limbo – frequently the differences between public and private sector seem enormous, but they’re of te n exaggerated or misunderstood. Find out more about public procurement strategies in our new white paper, Going Digital in Public Sector Procurement. .

Procurement Solutions 78

Procurement Solutions Optimal Sourcing Demand Planning Software Procurement 78

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

Proxima

JUNE 5, 2023

American consumers increased savings and saw their finances boosted by government stimulus measures. In the world of procurement and supply chain, this is an important moment to pivot our approach. This comes to the very heart of procurement’s strategic role in the success of a business.

Negotiating Skills 52

Negotiating Skills Cost Reduction Strategies Purchasing Skills Procurement Solutions 52

OptiProERP

MAY 18, 2023

So what is procurement? Procurement is acquiring goods, services, or works from an external source. Procurement can be done by a government agency, a private organization, or an individual, and it can involve purchasing anything from pencils to complex machinery. What Are the Types of Procurement?

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Negotiate Pricing Procurement Solutions 52

Jaggaer

SEPTEMBER 11, 2020

Now, as companies start to seek, and create competitive advantages, the procurement function is in the spotlight. Typically, resistant to change and reliant on manual methods, procurement departments tend to be slow when adapt ing to technological developments. Priming Procurement for Intelligent Digital Transformation .

Procurement 86

Procurement Sourcing Strategies Supply Chain Network Software Supply Chain Design Software 86

Supply Chain Game Changer

FEBRUARY 5, 2020

What’s the Difference between Procurement and Purchasing? Why Procurement Transformation Fail article created by, and permission to publish here provided by, Jill Button at [link]. There are many reasons why Procurement Transformations fail, however, the below 3 keep coming up time and time again. Infographic).

Procurement Solutions 70

Procurement Solutions Negotiate Pricing Negotiating Skills Procurement 70

Supply Chain Shaman

FEBRUARY 18, 2021

No company interviewed was able to successfully use their current what-if solutions to model pandemic impacts. Companies need an easy-to-use sandbox deployment to visualize supply chain constraints and the impact of variability. Initially, the output was published to procurement to design strategic buying strategies.

Supply Chain Planning Software 278

Supply Chain Planning Software Supply Chain Design Software Supply and Demand Procurement Analytics 278

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