Freight Procurement in a Pandemic: Preparing for the Bid

CHAINalytics

If your company has decided to tender its freight to secure new contract rates for 2021, you’ve got your work cut out for you. This is especially true when it comes to figuring out the lanes and volumes to include in the bid.

What Does “Good” Look Like: Strategic Sourcing

ivalua

If you have ever read an article about Procurement best practices, you know that a very small minority of teams are categorized as leaders and an equally small minority are considered laggards. That leaves the vast majority of companies and teams in the middle – and each one of them is working hard every day to be as good as they can given their current priorities, challenges and resources. So what does “good” strategic sourcing look like? Good” strategic sourcing….

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Does Your Company Have A Solid Transportation Procurement Strategy?

Logistics Viewpoints

Supply Chain professionals have a tremendous amount of demands and pressures to be aware of and transportation procurement is one of those pressures. There is a need, a growing need to drive better performance and outcomes from sourcing events. Procurement/Sourcing Transportation Transportation Management Systems transportation sourcingThe logistics marketplace is dynamic and demands attention to truly optimize and enable strategic advantage.

Is Single Sourcing, or Sole Sourcing, Dead?

Supply Chain Game Changer

In many cases the use of single sourcing, or sole sourcing, Procurement strategies has limited the ability for Supply Chains to access alternate sources of supply and more rapidly support higher than normal demand levels. As we progress through and past the pandemic, is it time for Procurement to adopt parallel Supply Chain strategies, such as dual sourcing, and limit or abandon single sourcing and sole sourcing? Subscribe Here!

Procurement Rising – The Time is Now

ivalua

Procurement’s stature has grown during the COVID-19 crisis as costs, cash flow and supply continuity quickly became top boardroom priorities and homepage news. Across the world, procurement leaders have risen to the challenge. Digitization is key to procurement transformation.

Sourcing and Procurement in Supply Chain Management

EC Sourcing Group

Sourcing and Procurement in Supply Chain Management. The terms “ sourcing” and “procurement” in supply chain management are often used interchangeably, although they are not quite the same. Procurement is a process and one link in the chain of the supply chain. Procurement is one step in that process. It refers to the entire process of sourcing and contracting with suppliers to gather all of the services and goods you need to make that final product.

Strategic Procurement: 4 Tactics for Economic Recovery in 2021

ivalua

In August 2020 Gartner published this report “4 Tactics Procurement Can Use to Sustain Influence as Economic Conditions Improve” This blog summarizes the key points of the report which you can read in full, here. Procurement Teams Step-up.

Why Procure-to-Pay Software is Critical Today

ivalua

This month Gartner published its eagerly awaited Magic Quadrant for Procure-to-Pay (P2P) Suites , ranking the top 14 vendors based on ability to execute and completeness of vision. 1.Investing in Procure-to-Pay solutions is seeing the bigger picture. Procure to Pay Uncategorized

Pacific Drilling Selects Consus & Ivalua to Drive Sourcing Best Practices Globally

ivalua

Offshore ultra-deep water drilling company to deploy eSourcing globally across its purchasing function. Pacific Drilling, an offshore drilling company, provides global deep water drilling services to the oil and natural gas industry through the use of high-specification drillships. The company has corporate offices in Houston, Texas, with offices in Brazil, Luxembourg and Nigeria. We look forward to contributing to their Procurement cost optimization initiative”.

Transportation Sourcing in an Omni-channel World

Talking Logistics

Unfortunately, many retailers are jumping in without a plan — that is, they are taking a short-term, silo’ed approach to transportation sourcing and execution, and as a result, are failing to meet their desired outcomes. Also, is multi-functional engagement important and, how does omni-channel impact transportation sourcing? According to Joe, enVista’s Director of Transportation, “The key to omni-channel sourcing is that it requires you to understand your goals and objectives.

Procurement Leading Pharmaceutical Companies Through the Pandemic

Jaggaer

From early on in the Covid-19 pandemic , and for pretty obvious reasons , procurement in healthcare and pharmaceuticals has been in the spotlight like never before. View our recent webinar and learn how Italian pharmaceutical company Angelini navigated through supply chain disruption.

Make Freight Sourcing More Efficient!

Supply Chain Game Changer

Freight sourcing team article and permission to publish here provided by Katharine Barrios at xeneta.com. Freight sourcing and procurement is a critical component of the whole supply chain and is crucial to the success of the business. In order to achieve maximum efficiency in freight sourcing and procurement, you need a strong team to handle the requirements. These are the must-haves for any effective freight sourcing team. Subscribe Here! Email Address.

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

ivalua

What we learned about agility and resilience can be applied to future-proof the source-to-pay (S2P) process and help organizations meet any new challenge with confidence. Balancing New Priorities Makes Procurement More Valuable. Procurement

A Quick Guide to Roles in Procurement

Logistics Bureau

For small companies, it is usually enough to have one person dealing with procurement but in large enterprises teams of people are needed, all with specific roles to play. The Finance Manager , on the other hand, controls the financial input and output of the procurement division.

Intalere Selects Consus & Ivalua to Drive Source to Contract Best Practices

ivalua

Healthcare supply chain GPO, Intalere, deploys an end-to-end Source to Contract solution across its purchasing functions. New York, NY March 30, 2020 – Consus , a leading procurement services provider, today announced that Intalere, a healthcare supply chain GPO based in St. has gone live with Ivalua’s Source to Contract solution. Intalere required a fast, efficient and automated source-to-contract process to support the company’s enterprise goals.

The Top 5 Reasons You Need a Transportation Sourcing Solution

Talking Logistics

If you are buying widgets, there are many ways to make your purchase, from going to a retail location, ordering online or using a standard procurement software tool that allows you to order lots of widgets and receive them over a specified period of time. Here are the top five reasons you need a transportation sourcing solution: 1. Freight sourcing is as unique and complex as the transportation industry itself.

The Role of Reverse Auctions in Strategic Sourcing

EC Sourcing Group

In the entire supply chain, you, as a company, want to be able to deliver a final product to a buyer. There are many different stops within that supply chain along the way, such as procurement and procurement management. What is our sourcing strategy?

Top 4 Procurement Software Trends

EC Sourcing Group

However, it’s a good idea to keep an eye on procurement software trends , which can further boost productivity. Read on to learn more about the best procurement software and what you can add to your current software platform to help improve your process. Blog Procurement

A Tale of Two Procurement Books: Cox’s Sourcing Portfolio Analysis (Cox) & Strategic Sourcing in the New Economy (Keith et al.)

Supply Chain View from the Field

A new face of procurement is emerging which is recognizing that a new set of value drivers must be developed in the face of massive environmental changes. Some of the emerging views on the “future of procurement” focus on the importance of being a strong internal consultant, the importance of building relationships, coaching suppliers, post-award contract management, and relational contracting. Vested is a Sourcing Business Model in.

Ivalua and Axbility Consulting partner to help companies create value through successful procurement transformation

ivalua

Axbility Consulting, a subsidiary of Ivalua European partner Axys Consultants, reinforces Ivalua’s capabilities to empower today’s Procurement & Supply Chain Leaders. In addition, Axbility Consulting will support Ivalua in strengthening its professional services leveraging Axbility Consulting’s unique methodology and change management capabilities to deliver best practices and tangible results for customers aiming to transform Procurement.

What is Sourcing? Your Procurement Guide

ProcurePort

A lot of people often use the terms procurement and sourcing interchangeably. Procurement is best described as the business of obtaining the raw materials needed by a company. The post What is Sourcing? Your Procurement Guide appeared first on ProcurePort Blog.

How Can Advanced Sourcing Help Your Business?

EC Sourcing Group

There are many terms when it comes to all levels of procurement management, which is a smaller part of the overall supply chain. Many companies and organizations have delved further, looking to tools such as advanced sourcing optimizers; to streamline this part of procurement management.

Supply Chain and Procurement Transformation in 2021

Bristlecone

So, while COVID-19 may not be changing the future of supply chain, it certainly helped make the case for digital transformation – which is great news for supply chain and procurement professionals who have been trying to persuade the top brass to embrace change.

Ivalua Paints a Great Procurement Picture at Ivalua NOW Chicago 2019

ivalua

“We have this long-term strategy of building a very big company with a fantastic product that we can offer to the market. The event was themed on “The Art of Procurement” relating to how the further procurement leaders mature in their transformations, the more their approach shifts from science to art. Just building great Procurement solutions that customers clearly love (in 2018 once again maintaining the industry’s highest retention rate, over 98%).

A Humble 2020 Procurement Resolution – Transform the World 

ivalua

For Procurement leaders, that typically translates into saving a few percent here. For Procurement leaders today, those missed opportunities can be great. Single companies carry such weight that their approach can have global ramifications. There are certainly companies that are already leveraging how they spend to transform the world, or planning to do so. But for the most part, Procurement objectives remain too incremental rather than transformative. .

COVID-19: Implications on inventory planning, sourcing and procurement

EFT

Indeed, even for the biggest companies, there has been adjustment as the margins become finer in the current environment. “We We need to look at alternative sources of procurement, of production, alternative factories, alternative countries. That steering committee leads the company on measures we need to articulate. As demand rides a rollercoaster in the last few months, huge adjustments have been asked from businesses in every corner of the world and sector.

Time to Rethink Sourcing Rare Earth Elements

Supply Chain Game Changer

Strategic National Stockpiles and Sourcing for the National Interest! These Rare Earth Elements have long ago been abandoned for mining and processing here in the United States and are part of our reliance on Chinese sources of supply. Molycorp, a key producer in the 1980s, and other companies shipped their oxides to China for refining and value-added production into metals, alloys, and magnets. sourcing #rareearthelements. Subscribe Here! Email Address.

Objectives of Procurement Management

EC Sourcing Group

Objectives of Procurement Management. The objectives of procurement management can range from the most general, such as “buying goods and services,” to the more complex, such as “supporting organizational goals within the team.” What Is Procurement Management?

What to Look for in Procurement Software Solutions

EC Sourcing Group

Procurement software covers a lot of bases, and there are many facets to procurement management that could potentially be streamlined and automated if you haven’t done so already. Procurement Software Solutions: What Is Procurement Software? Blog Procurement

Procurement Terminology is a Mess!

Supply Chain Game Changer

Procurement language article originally published by, and permission to publish here provided by, Sam Jenks at kodiakrating.com. From one Procurement organization to the next, terminology differs. Of course, it’s impossible to expect that every company would work within the exact same framework of understanding and messaging, but the lack of being able to communicate can sometimes be the difference between success and failure. Source: CIPS. Source 2 Pay.

Outsourcing Sourcing! 5 Lessons from Around the Globe!

Supply Chain Game Changer

Check out What is Virtual Procurement and Why Should You Care? Doing business with suppliers located overseas or in another country can be an overwhelming and daunting task even for expert Sourcing professionals. But beyond that he had no idea on where to start to source his product. Large companies can afford to have Strategic Sourcing Procurement staff around the world. Check out Procurement Outsourcing – Keep your Integrity! .

Using Satellite Imagery as a Data Source to Improve Supply Chain Management

Logistics Viewpoints

Satellite imagery data represents another data set that may have the potential to improve company’s supply chains. There are potential uses surrounding procurement, sustainability, and strategic planning. The post Using Satellite Imagery as a Data Source to Improve Supply Chain Management appeared first on Logistics Viewpoints. Supply Chain Planning Satellite imagery

Understanding the Importance of Strategic Sourcing

USC Consulting Group

Sourcing is a key component of your Supply Chain – perhaps the most important part. As companies are navigating an increasingly turbulent yet robust economic climate, businesses in manufacturing, mining and metals, food and beverage, and other industries are looking for ways to reduce raw material procurement spending and offset rising material costs. That’s where Strategic Sourcing comes into play. An important lever for modern organizations.

7 Ways to Strategically Elevate Freight Procurement

Talking Logistics

In the last decade, many companies, especially those with manufacturing operations, have evolved direct materials sourcing from an administrative function to a strategic procurement process. The embodiment of this transformation is the chief procurement officer, an increasingly common title for executives that strategically source goods and services. As a strategic process, transportation procurement may still seem very tedious and challenging.

Intalere Selects Consus & Ivalua to Drive Source to Contract Best Practices

ivalua

Healthcare supply chain GPO, Intalere, deploys an end-to-end Source to Contract solution across its purchasing functions. New York, NY March 30, 2020 – Consus , a leading procurement services provider, today announced that Intalere , a healthcare supply chain GPO based in St. has gone live with Ivalua’s Source to Contract solution. Intalere required a fast, efficient and automated source-to-contract process to support the company’s enterprise goals.