GlobalTranz

APRIL 25, 2016

Inventory measurement is critical and it is money after all in that it took a capital expense to procure. In comparison, the poorest-performing companies in the lowest quartile had a range of working capital between 23% and 39% as a percentage of revenues. The goal is to keep inventory levels at a minimum to meet customer needs.

Procurement Analytics 120

Procurement Analytics Supply Chain Performance Metrics Supply Chain Software 120

HICX Solutions

MARCH 31, 2022

In this webinar, we join Niko Nurmi , Executive Advisor at Procurement Leaders , as he discusses these challenges and how to overcome them – with Carmen Erhardt , Director of Corporate Purchasing and Head of Global Processes, Operations and Digitalization at Henkel ; and Anthony Payne , CMO at HICX. A supplier experience approach.

Optimal Sourcing 52

Optimal Sourcing Resource Reduction Cost Reduction Strategies Procurement Analytics 52

Supply Chain Game Changer

NOVEMBER 23, 2018

If we can draw a comparison between Thanksgiving dinners and procurement, they are essentially an every day example of why supplier quality management is important. A quality fit can help a procurement team create top-line growth and customer satisfaction. Innovation. What is SQM? . Product Quality.

Quality 42

Quality Cost Reduction Strategies Resource Reduction Vendor Strategies 42

Proxima

MAY 31, 2019

At Proxima, we’ve therefore been trying to envision what the future of procurement could look like and how Commercial teams can influence their organisations to drive ever more value out of their supply chains. High tech vs. skill sets. Is the public sector being left behind?

Negotiating Skills 40

Negotiating Skills Buyer Training Supply Chain Planning Software Optimal Sourcing 40

Freightos

JULY 26, 2018

In his 2017 annual shareholder letter , Bezos lauded “divinely discontent” customers as innovation drivers. These examples are from retail, but I sense that the same customer empowerment phenomenon is happening broadly across everything we do at Amazon and most other industries as well. You cannot rest on your laurels in this world.

Logistics Network Optimization Software 134

Logistics Network Optimization Software Data Logistics Supply Chain Planning Software 134

Enterra Insights

MAY 31, 2019

Most of us still trusted brick-and-mortar stores, we didn’t have price comparison services, and we were at the mercy of large corporations for discounts.”[2] For example, do they desire same-day delivery? 3] Marc Wins, “ 5 ways to adapt to changing Consumer Behavior ,” Procurement Academy, 11 March 2019. [4]

Price Reduction 100

Price Reduction Cost Reduction Strategies Sourcing Strategies Omnichannel 100

Supply Chain Shaman

OCTOBER 8, 2019

Let’s take an example. Examples include first pass yield, schedule adherence, hands-free orders, orders shipped complete, and minimization of waste. Most can only measure functional costs—transportation, manufacturing, and procurement. Apparel is an example. Technology change is moving faster than process innovation.

Supply Chain Design Software 183

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Forecasting 183

Intelligent Audit

AUGUST 24, 2022

It facilitates this benefit in numerous ways, including by streamlining: Spend optimization Demand forecasting Demand accuracy Inventory optimization Procurement responses. 10 Examples of How Machine Learning Provides Benefits in Logistics. A procurement team compared shipment prices, asking each carrier for an all-in cost.

Optimal Sourcing 52

Optimal Sourcing Logistics Network Optimization Software Negotiating Skills Supply Chain Planning Software 52

NC State SCRC

NOVEMBER 5, 2016

Contract analytics can provide a summary view on performance and pricing deviations, risks, statistics (expiry, renewal and pending), procurement and sales metrics. For example, what is the best way to source sugar? Data obtained from the contracting and the transaction systems needs to extracted, enriched and dissected to measure. [1]

Negotiating Skills 40

Negotiating Skills Analytics Software Supply Chain Planning Software Modeling Software 40

Intelligent Audit

AUGUST 25, 2022

COVID-19, the war in Ukraine, and inflation provide modern examples of largescale factors outside of a company’s control that impact its supply chain and transportation spend. Therefore, it’s essential to balance the costs with the services offered by each carrier when making comparisons.

Real-time Visibility 52

Real-time Visibility Transportation Management Supply Chain Planning Software Optimization Software 52

Supply Chain Shaman

SEPTEMBER 23, 2016

With this in mind, in this blog, I make an argument that we, as supply chain leaders, have screwed up direct material procurement. My goal is to have supply chain leaders consider a procurement redesign for 2017. As shown in Figure 1, roughly one in two supply chain organizations have responsibility for procurement.

Material Savings 150

Material Savings Manufacturing Procurement Optimal Sourcing Vendor Strategies 150

Supply Chain Game Changer

AUGUST 30, 2022

Many businesses use some form of Total Cost of Ownership model to support their Procurement and sourcing decisions. The normalization of these various factors will result in some “score” for each factor which, when totalled, will give a summary score allowing for the ranking of suppliers for the purpose of comparison.

Optimal Sourcing 103

Optimal Sourcing Purchasing Skills Manufacturing Procurement Negotiating Skills 103

Freightos

JANUARY 25, 2024

Aimee Loshinsky January 25, 2024 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo In Freightos Q4 2023 KPI press release , we announced that the company surpassed one million bookings across the platform in 2023. A: Back then, every transaction was an uphill struggle.

Logistics Network Optimization Software 279

Logistics Network Optimization Software Negotiating Skills Optimization Software Buyer Training 279

Supply Chain Game Changer

SEPTEMBER 8, 2021

Featuring Our 12 Best Procurement Articles! Procurement’s North Star article and permission to publish here provided by Sam Jenks. What exactly are you and your procurement team working towards? What is Procurement’s North Star Metric? See more examples in the image below. Subscribe Here! Email Address.

Procurement Analytics 86

Procurement Analytics Manufacturing Procurement Negotiating Skills Optimal Sourcing 86

HICX Solutions

DECEMBER 1, 2022

Examples of friction are clearly shown in the results of HICX’ recent Voice of the Supplier Survey. Rounding out the top five are more joint collaboration or innovation (14%) and reasonable expectations, at 8% of respondents. Why focus on finding and removing friction? How to use segmentation to drive the supplier experience?

Optimal Sourcing 52

Optimal Sourcing Optimization Software Price Mitigation Strategies How To 52

Jaggaer

JUNE 18, 2019

JAGGAER InsideSpend Thought leadership Series – In this blog series, we profile leaders in the procurement industry. We hope their insights and experiences inspire you to achieve greatness in procurement. A conversation with Walter Charles, Chief Procurement Officer at Biogen. . Procurement Trends in Manufacturing.

Procurement Analytics 40

Procurement Analytics Manufacturing Procurement Big Data Procurement Solutions 40

SupplyShift

OCTOBER 13, 2021

Procurement is emerging as a particularly helpful and strategic function to sustainability efforts and setting supply chain sustainability goals. Elevating procurement’s role before setting sustainability goals can be a useful and facilitative practice. Each category has several subsections a business may choose to tackle.

Supply Chain Planning Software 52

Supply Chain Planning Software Sustainability Resource Reduction Supply Chain Software 52

SupplyShift

OCTOBER 13, 2021

Procurement is emerging as a particularly helpful and strategic function to sustainability efforts and setting supply chain sustainability goals. Elevating procurement’s role before setting sustainability goals can be a useful and facilitative practice. Each category has several subsections a business may choose to tackle.

Supply Chain Planning Software 52

Supply Chain Planning Software Sustainability Resource Reduction Supply Chain Software 52

Claritum

MARCH 29, 2019

Claritum Article - Procurement Blog. Crazy World of Procurement. Assessing procurement automation solutions and service providers often includes comparison of features and functions, with weighting being given to those systems that have more features. 2 Crazy World of Procurement. Introduction. Further Reading.

Procurement Solutions 40

Procurement Solutions Procurement Analytics Supply Chain Software Optimal Sourcing 40

AFFLINK

DECEMBER 27, 2018

For example, malicious software like ransomware will attempt to hold a company’s data hostage until the decision makers meet the hacker’s demands. Encourage Supply Chain Innovation. Not only are customers easily able to comparison shop, but they also want accountability when it comes to manufacturers or distributors.

Supply Chain Planning Software 48

Supply Chain Planning Software Optimal Sourcing Supply Chain Software Modeling 48

HICX Solutions

MARCH 3, 2022

In our latest webinar, in association with Procurement Leaders and featuring Costas Xyloyiannis (CEO, HICX) and Jerry Grable (Director eBusiness, BAE Systems ), we discuss a range of use cases that illustrate specifically how supplier data drives resilience, visibility and value. However, the problem continues to persist.

Data 52

Data Sourcing Strategies Optimal Sourcing Analytics Software 52

Logistics Bureau

JULY 12, 2017

This is especially true if the shipper is not a large customer of the carrier or if shipping needs are unconventional in comparison with the bulk of the carrier’s customer-base. For example, you don’t have to look too hard to see how pervasive e-commerce has become in the logistics-service environment.

Negotiating Skills 40

Negotiating Skills Freight Logistics Network Optimization Software Purchasing Skills 40

ivalua

MAY 7, 2019

As procurement faces an ever-growing list of objectives, digital transformation becomes ever more critical. No surprise then that there is hardly a procurement organization out there that has not started or is now contemplating digital transformation. The first is a drastically exaggerated sense of progress among procurement leaders.

Optimal Sourcing 145

Optimal Sourcing Supply Chain Network Software Modeling Software Procurement 145

Claritum

JULY 31, 2018

Claritum Article - Procurement Blog. Is there a need to link into their systems relating to inventory/Warehousing or catalogues for example? What analytics should they have access to and when can they change specific information: for example when and how can they submit quotations. Introduction. Supplier Lifecycle Management.

Supplier Management 42

Supplier Management Procurement Analytics Procurement Solutions Optimal Sourcing 42

MIT Supply Chain

OCTOBER 28, 2020

Growth in online learning by the numbers A comparison of the spring/summer 2020 run of each SCx course?—?which In comparison, for the 55 MicroMasters programs offered by almost two dozen universities, the average conversion rate was 2.5% Indeed, MIT CTL is already developing some of the innovations outlined by Sheffi.

Education 52

Education Supply Chain Design Software Supply Chain Design Supply Chain Strategy 52

ivalua

MARCH 3, 2020

As a result, price comparison – a cornerstone of the market economy – is simply unavailable for those seeking healthcare. It is not just that prices vary significantly, but also the bundling of services included in specific items varies, which can make side by side price comparisons deceptive. Source: Health IT Outcomes.

Negotiating Skills 130

Negotiating Skills Negotiate Pricing Purchasing Skills Procurement Solutions 130

ivalua

FEBRUARY 25, 2020

As a result, price comparison – a cornerstone of the market economy – is simply unavailable for those seeking healthcare. It is not just that prices vary significantly, but also the bundling of services included in specific items varies, which can make side by side price comparisons deceptive.

Negotiating Skills 130

Negotiating Skills Negotiate Pricing Purchasing Skills Procurement Solutions 130