Why Supply Chain Managers & Procurement Should Collaborate

Cerasis

The roles of logistics and procurement in an efficient supply chain cannot be overstated. According to Paul Myerson , reports Industry Week, up 70 percent of a company’s costs come from procurement and logistics operations. Meanwhile, this large volume of expenses is directly related to 80 percent or a company’s working capital via inventory and accounts payable. So, why do supply chain managers not take advantage of this data with respect to procurement?

Building a Triple A Supply Chain: Ten Tactics That Work

Supply Chain Shaman

” Here is an excerpt from the article: “…it isn’t by becoming more efficient that the supply chains of Wal-Mart, Dell, and Amazon have given those companies an edge over their competitors. First, great supply chains are agile.

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Digital Procurement Improves Supply Chain!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. Preparing Business for the Digital Supply Chain! Digital Procurement article and permission to publish here provided by Katherine Barrios of xeneta.com. Important Digital Procurement Trends. What Is Digital Procurement?

10 Key Logistics & Procurement Supply Chain Practices to Know and Master to Reduce Spend.

Cerasis

Getting the raw materials needed to maintain production is one of the most important parts of the whole supply chain. If raw materials are unavailable, all subsequent processes are affected, which may result in increased costs to consumers and the respective companies as well. However, following these 10 practices can help you learn how to reduce spend in the procurement supply chain. Consider Cyber Security Concerns in the Procurement Supply Chain.

How Automation in the Supply Chain Will Make Employees More Strategic & Improve the Overall Supply Chain

Speaker: Adam Robinson, Director of Marketing, Cerasis

In this educational webinar, Adam Robinson from Cerasis, a leading North American Transportation Management Solutions Company, will address how automation in the supply chain is allowing companies to empower their employees with a more strategic work flow aiding in overall collaboration with peers across departments, improved business operations, more efficient manufacturing, a healthier corporate culture, and more visibility to data and processes providing the ability to gain actionable insights that lead towards actions that impact the company’s bottom line.

Supply Chain 2030: Forge a New Path

Supply Chain Shaman

The Supply Chain Insights Global Summit is over, but we hope the energy to define Supply Chain 2030 is just beginning. Today only 12% of supply chain teams are driving improvement, performing better than their competitors and driving value (as determined by Price to Tangible Book Value). As companies prepare for Supply Chain 2030, we think that it is time to rethink the basics. Seven Predictions for Supply Chain 2030.

These 7 Industrial Procurement Trends will Impact Supply Chain & Logistics in 2018

Cerasis

Procurement must never be an afterthought in any enterprise. Manufacturers need to have the right raw materials and supplies available. Supply chain entities need to know vendors will be held accountable and adhere to the terms within vendor-supply chain partner service level agreements. Supply chain professionals must also know how they will be shipping freight. Companies Will Seek New Ways to Use Technology in Procurement.

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.

How More Effective Inbound Logistics Management Improves Procurement in the Supply Chain

Cerasis

Making changes that promote effective inbound logistics management can have a significant impact on your organization’s procurement department and team members. Unfortunately, many in the industry still uses the terms procurement and inbound logistics interchangeably, but procurement involves much more than merely managing the logistics of moving products from vendors and suppliers to your building.read More.

Procurement Technology – What it can and can’t replace in a Manufacturer’s Journey Towards Supply Chain Resilience and Agility

ivalua

A review of the key elements in supplier management for manufacturers and how Source-to-Pay procurement technology can support the journey towards supply chain resilience and agility in times of crisis. As the COVID-19 pandemic disrupts global supply chains, procurement organizations around the world are scrambling to react. There are many supply chain management lessons to learn from the Covid-19 crisis.

Strong Supply Chains Required For an Economic Rebound: Six Steps To Take

Supply Chain Shaman

My last post on the Supply Chain Shaman blog was forty-five days ago. Then it was the redefinition of the supply chain for the global shutdowns Sick with the virus; I spent my energies writing and moderating podcasts. Let’s learn and apply it to supply chain management.

Practical Advice to help Procurement Weather the Pandemic

All Things Supply Chain

Seemingly overnight, every procurement professional’s top priority has become helping their company get through the COVID-19 pandemic and start preparing for the business conditions that are to follow.

How Procurement can help to drive Supplier-led innovation

ivalua

This means companies are under more pressure than ever to innovate at pace. In parallel, companies have outsourced an ever-greater share of their business. Procurement is essential for organisations looking to build relationships. Alex Saric, Chief Marketing Officer, Ivalua.

Top 10 Metrics to Track and Manage Risk in the Supply Chain – Part 1

Cerasis

Under the current COVID-19 global pandemic, managing risk in the supply chain has taken on a renewed importance. Procurement teams continue to struggle with finding available suppliers and shipping capacity to enable supply chain responsiveness.

Supply Chain: The True Game of Risk

Supply Chain Shaman

For the supply chain leader it is not a game… The stake is business continuity. Gamers do well in the world of supply chain. Designing value networks and managing what-if conditions is fundamental to managing supply chain risks. The move from global to regional supply chains increased risks. Geopolitical shifts, economic uncertainty and demand/supply volatility are rising. In my life time, supply chains changed.

Supply Chains By the Numbers

Supply Chain Shaman

When 2015 rolls in, for me, it will mark a decade of quantitative research focused on understanding the evolution of supply chain management. Insights on Supply Chain Organizations. In the early years, there were no supply chain organizations. I like many other gray-haired supply chain professionals reported through a functional organization like manufacturing or transportation. It is my 300th blog post on the Supply Chain Shaman.

Oil & Gas Companies Focus on Eliminating Supply Chain Waste

Talking Logistics

For the past few years I’ve been using that phrase, which you typically find in investment literature, when making the case for innovation in supply chain management. This rapid growth followed by market decline has led oil and gas companies to finally face reality — i.e., that they need to move up the supply chain maturity curve to enable profitable growth moving forward. “Past performance is no guarantee of future results.”.

Marketing Supply Chain Solutions Post-COVID: Q&A with ToolsGroup CMO Caroline Proctor

ToolsGroup

There’s still a strong demand for supply chain planning solutions, particularly ones with machine learning capabilities that can help clients rapidly adapt to the changing supplier situations and consumer demand that goes along with major disruptions like this. .

FMCG Company disbands the Supply Chain function…….

Enchange Supply Chain Consultancy

The company has a broad European supply network and is present in most markets. I recall how many companies plodded along blindly with what we now accept as supply chain functions dispersed around other departments, e.g. procurement/buying and logistics in finance, planning with sales – I, along with many, am so pleased that the latter is no longer the case! FMCG CEO Performance Improvement Supply Chain

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. The supply chain is the entire process of making and selling a commercial product or good. Procurement is one step in that process.

Five Things I Have Learned About Global Supply Chain Planning

Supply Chain Shaman

Regional supply chain companies are attempting to define global requirements. They are well versed in requirements for regional supply chain planning, but they are attempting to redefine their processes and be more global. It is very similar to the man in the picture: a company attempting to teeter between two similar, but very different worlds. Success in Supply Chain Planning Is a Flip of a Coin. How Can Companies Improve Outcomes?

4 ways IT & Procurement team collaboration increases resilience

ivalua

The Hackett Group report recommendations on IT & Procurement collaboration and how it can benefit your organization in the time of Covid-19 and beyond. Procurement has been uniquely placed on the business front line of this crisis in helping to pivot supply chains from producing make-up to face masks and to finding thousands of items of remote working equipment overnight, or from manufacturing parts for car engines to ventilators.

The Digital Supply Chain: How Are Supply Chain Managers Responding?

Cerasis

How do you define the digital supply chain? Most supply chains have been involved in digital processes for years. Even computerized picking systems rely on the digital supply chain, but the digital supply chain relies on the actions of supply chain managers for continued growth. Managers Automate Processes to Respond to the Digital Supply Chain. Another aspect of response to the digital supply is training.

The State of Supply Chain Trends Part II: AI, Procurement, & the New Lean

Cerasis

Understanding how different factors affect the supply chain remains a top priority for research firms around the globe. From artificial intelligence to refocusing on procurement, the state of supply chain continued to explode throughout 2016, and you need to understand why. The State of Supply Chain 2016 Trends. Additionally, the push toward creating a self-sufficient AI is growing stronger among supply chain professionals.

Lean 179

Supply Chain Best Practices from 10 Leading Companies

Arkieva

Here’s a quick overview of supply chain best practices from 10 leading companies from the 2018 Drucker Institute Ranking. Supply Chain Best Practices from 10 Leading Companies was first posted on February 5, 2019 at 8:30 am. ©2017 ©2017 " Supply Chain Link Blog - Arkieva " Use of this feed is for personal non-commercial use only.

How Mid-Market companies can get the most from Supply Chain BI without a hefty price tag (pt 2)

OneSCM

In part one , I provided two key steps to help mid-market companies evaluate their existing measurement tools and data sources. A BI tool can create a large amount of visibility for your company. Unfortunately, I’ve seen companies work from a wish list rather than a needs list, simply due to the dramatically expanded options and control offered by BI tools. Learn 4 Steps to Leveraging Supply Chain Data Integration for Business Intelligence in our eBook.

Supply Chain Predictions 2020: Uncertainty Demands Resilience

ToolsGroup

It’s been an interesting decade for supply chain: just when you think things can’t get any crazier, a new extreme weather event, political drama or tech start-up pops up, disrupting entire industries. Algorithmic supply chain planning will go mainstream.

Turkey 156

Procurement Terminology is a Mess!

Supply Chain Game Changer

Subscribe to 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. Subscribe Here! Email Address.

Global Supply Chain & Procurement Summit 2015

Supply Chain Movement

Global Supply Chain & Procurement Summit. parity.com/global-supply-chain-procurement-summit/. Achieving this goal relies mainly on the Procurement and Supply Chain Management team. Companies need to adopt strategies that can deal with the dynamism and complexity of today’s environment, ensuring that procurement and supply chain functions can be used as the first line of defence for business operations.

Supply Chain Personified! The Link Between Your Company Silos!

Supply Chain Game Changer

Check out What Exactly Is Supply Chain Management? How many parts of your company act as independent silos? How many functions in your company conduct themselves like they are islands? Supply Chain is truly the link that can hold your company together!

Supply chain risks: The knowable unknowns that can hurt your supply chain!

Kinaxis

To sum it up, an activist investor caused a major shakeup in the company earlier this year and a new CEO took over in March. The new CEO embarked on several cost reduction initiatives in conjunction with a number of changes (some may argue too fast and too soon) on how the company operates its freight-trains. The effects of these delays are being felt by many companies including McDonalds, Kellogg, Kraft-Heinz, and PepsiCo, as the article cites.

Sustainable Supply Chains: A Country Comparison

SCM Research

The global not-for-profit organization CDP (formerly the Carbon Disclosure Project) has published a report: Supply Chain Sustainability Revealed: A Country Comparison. “While climate and water risks are apparent, the implications for businesses and economies reliant on complex supply chain models are less understood”, says Paul Simpson, CEO, CDP. Practice Globalization Procurement Report Supply Chain Management Supply Chain Sustainability

[WHITE PAPER] The Top Supply Chain Trends that Will Impact Supply Chain Management in 2018

Cerasis

Cerasis is excited to announce the release of an all new, exclusive, & educational resource “The Top Supply Chain Trends that Will Impact Supply Chain Management in 2018” white paper! This is a must read for those in the supply chain industry to stay on top of their games! This white paper, “The Top Supply Chain Trends that will Impact Supply Chain Management in 2018” is the second in our overall industry trends white paper series.

Three Reasons Why SAP Supply Chain Planning Is a Risk to Your Business

Supply Chain Shaman

High-tech manufacturers in the Silicon Valley of the United States are some of the best at supply chain planning. With changing product profiles, short life cycles, constraints with downstream suppliers, and changing markets, being good at supply chain planning matters. In this tough market excellence in supply chain planning is a critical element to be competitive. Most companies fail before they succeed. Satisfaction with supply is much lower.

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. Procurement/Sourcing Transportation Transportation Management Systems transportation sourcingThe logistics marketplace is dynamic and demands attention to truly optimize and enable strategic advantage.