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. Practice Globalization Procurement Report Supply Chain Management Supply Chain SustainabilityThe report was written by Accenture Strategy.

Transportation in the Americas: A Cross-Country Comparison

MIT Supply Chain

Identifying key strengths in procurement and management in high-impact countries will support a fast improvement that may boost economic growth in the region. An international transportation comparison with qualitative coding The TTPI gives a country an overall rating on a scale of 1–4.

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RFP Software Comparison

EC Sourcing Group

Those in the market for RFP software , performing an RFP software comparison is a wise idea, as there are features that may be in one suite or software package that may not be in another. RFP Software Comparison : What Does RFP Software Do?

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.

Where to Start if You’re New to Procurement Sourcing Solutions

EC Sourcing Group

Where to Start if You’re New to Procurement Sourcing Solutions. There are many people who are not new to procurement and sourcing and its role in the supply chain but may be new to sourcing solutions and software. Procurement Sourcing Solutions : What Is Procurement Management?

Procurement Interview Questions & Answers

Supply Chain Game Changer

Procurement, or Purchasing, is an area of Supply Chain that involves and requires very specific skills and expertise. This is particularly apparent if you are hiring a Procurement professional, you are looking for a Procurement job, you are looking to outsource anything, or you are dealing with Procurement people in the course of conducting business. Check out this list of 25 Procurement and Purchasing questions and answers. Subscribe Here! Email Address.

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

The pandemic has underlined the power and potential of procurement

Proxima

This underlined the potential power of procurement as a cost-saving capability. With suppliers taking the lion’s share of a business’s spend, good procurement practice offers enormous potential to put money back on the bottom line in times of crisis.

Technologies that Impact Procurement

Claritum

Claritum Article - Procurement Blog. Technologies and Procurement Table. There are a lot of articles around on what Procurement needs to do; how Procurement needs to change; and how technology will fundamentally change Procurement. This article summarises, as a table, technology areas that impact on Procurement that you might need to investigate. 2 Technologies and Procurement Table. Augmented Intelligence for Procurement professionals.

Top 5 Objectives of Procurement and eSourcing

EC Sourcing Group

Top 5 Objectives of Procurement and eSourcing. When you choose to switch from trying to source products without any automation and opt instead for procurement sourcing software , you’ll find that eSourcing will bring you to a whole new level when it comes to procurement sourcing management.

Direct Material Woes: Seven Steps to Take to Improve Value

Supply Chain Shaman

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. Most of the focus in the last decade was on indirect procurement. The opportunity is in the management of direct procurement. It is fall.

What’s the Difference between Procurement and Purchasing? (Infographic)

Supply Chain Game Changer

Argentus is a boutique recruitment firm focused on Supply Chain and Procurement. Check out What Exactly Is Procurement? We often see these terms used interchangeably, but there are some concrete differences between Procurement and Purchasing such that we think they are two different practices, each with their own set of concerns and skills. In short: Purchasing is an activity that’s a subset of the overall Procurement process. Check out What Exactly Is Procurement?

Simplicity is beauty in the crazy world of procurement automation

Claritum

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. There are few functions within an organisation that can claim to have such a wide-ranging impact on a business than that of Procurement. on demand procurement.

KraftHeinz Procurement Bends to 3G Capital’s Policies: How’s it Working Out for You?

NC State SCRC

Several stories came out this week, related to KraftHeinz’s share price, its procurement department, and the fate of its parent company, 3G Capital. In its earnings release , Kraft Heinz said it received a subpoena last October related to its “accounting policies, procedures, and internal controls related to its procurement function, including, but not limited to, agreements, side agreements, and changes or modifications to its agreements with its vendors.”.

Procurement Digitization: The Key To Price Transparency And Healthcare Transformation

ivalua

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.

How to Use Big Data Analytics to Drive Business Value in Procurement Forward (Part 1)

Jaggaer

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. How are they impacting the procurement organization and proficiency? Procurement Resources Supply Chain manufacturing

Market Beat. Four Thumbs Down and One Thumb Up.

Supply Chain Shaman

For comparison, JDA had $2B in debt with a minority investment by Blackstone Partners in 2016. Coupa is well funded and performed well in the indirect procurement software market. Technology innovation in indirect procurement is not relevant to direct.

Procurement Digitization: The Key To Price Transparency And Healthcare Transformation

ivalua

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.

Procurement Cockpit – Strategic Sourcing KPIs

EC Sourcing Group

Last week I suggested that a procurement cockpit is an essential tool to manage your business in 2019. Today I will focus on KPIs that can provide deep insight into the efficiency and effectiveness of your operations, strategic sourcing efforts and how procurement systems are viewed internally. Each KPI should have a benchmark or reference point of comparison. They said that procurement was now respected and relied upon as a key resource.

Single Suite vs Best-of-Breed: Sorting Myths From Reality

HICX Solutions

And given the speed of technological development, is buying a procurement suite really the ‘safe’ option today? Many CPOs and IT teams believe a procurement suite is the straightforward and reliable choice, but all in-one platforms are harder to remove once they’re in place.

Flatbed Procurement: What’s Your Strategy?

CH Robinson Transportfolio

Flatbed Procurement: What’s Your Strategy? It’s important to recognize that where you fit within the seasonal nature of the flatbed market can impact how you build the rest of your flatbed procurement strategy. Where do you stand in comparison to your planned budget, the previous year’s results, and the market at large? Do you conduct procurement events often enough and at the right time? Bidding tools can streamline the entire procurement exercise.

SCRC Innovation and Social Responsibility Supply Index: A Critical Input to “Drucker Management Top 250 List”

NC State SCRC

This required a comparison unigram and bigram feature settings, three text summarization techniques (full text, paragraph extraction and sentence extraction), and two different support vector machine approaches (one-against-one and one-against-all) on balanced and imbalanced datasets.

Dirty Data – A Stop on the Journey, Not the Destination

LevaData

Analytics play a crucial role in all aspects of sourcing and procurement management—especially risk mitigation, new product introduction, and cost optimization. It’s no secret how important it is for organizations to have access to accurate, up-to-date data.

Is Your Supply Chain A Cost Centre or a Value Creator?

Supply Chain Game Changer

Whatever your Industry you should be able to make comparisons to competitors, do benchmarking, and even compare yourself on key metrics across industries. From the inbound perspective he Supply Chain team typically procures raw materials, expedites their delivery. Freight and Logistics Procurement Reverse Logistics Supply Chain Management Brand brandprotection ECommerce Finance IoT Leadership SCM supplychainSubscribe Here! Email Address.

Hackett CPO Agenda: What’s Top of Mind in Procurement?

Jaggaer

in 2018) and expectations of cost and efficiency savings growing faster than ever, that is the reality faced by procurement professionals. The Hackett Group’s CPO Agenda is always eagerly awaited, and this year’s edition does not disappoint, offering clear advice based on a detailed survey (the Hackett Group’s Key Issues Study) of the procurement community. Procurement will be challenged to compete with other business functions for top analytical talent. “Do more with less.”

How to Compare Metal Fabricators!

Supply Chain Game Changer

Below are the points that should be paid attention to, and be the basis of comparison between those companies; and ultimately, you can select the best one that offers it all. Featuring Our 12 Best Procurement Articles! manufacturing #metalfabrication #procurement. Guest Blog Post Manufacturing Procurement manufacturing Metal FabricationSubscribe Here! Email Address. Subscribe to Supply Chain Game Changer.

The Keys to Successful Digital Transformation – You Must Spot the Differences

ivalua

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. New Research digital procurement e-procurement Procure-to-Pay procurement supplier relationship management

The State of Georgia: Savings & Efficiencies in Procurement

Jaggaer

The solution also automatically tracks and reports on order details by suppliers, products, year-to-year data, category/commodity comparisons, and more. Before starting the procurement transformation, only 6 percent of the State of Georgia’s spend was under management.

Do You Know How Much Your Company is Spending? A Spend Analytics Checklist

Supply Chain View from the Field

What suppliers received the majority of the business, and did they charge an accurate price across all the units in comparison to the requirements in the POs, contracts, and statements of work? Analytics Category Management Forecasting Procure to Pay Strategic Cost Management Strategic Sourcing Supply chain analytics Supply Chain Management Supply Chain Systems

Supplier Quality Management: Drive Value By Safeguarding Value!

Supply Chain Game Changer

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. Supplier quality management (SQM) is individual to each organization, and the procurement organization’s business-critical goals, but in the larger definition: supplier quality management is an overall evaluation of delivery and performance within the boundaries of agreed upon terms and conditions of supplier and buyer.

Healthcare Supply Chain Software: Features You Need

Hybrent

Electronic Procurement. Software that features customized search, price comparisons, and automatic updates does just that. Blog Articles Approval Workflows e-Procurement Integrations Inventory Management Invoicing Order Tracking Preference Cards Reporting Supply Chain ManagementHealthcare supply chain management software has the potential to improve efficiency and delivery cost savings.

Who Should Be In The Winner’s Circle?

Supply Chain Shaman

Total cost analysis is more difficult than it sounds and most technology implementations automated functional measurement systems (manufacturing or procurement), but leave the organization blind on the management of total costs. Methodology Comparison. Comparison of Methodologies.

Data is the Real Gold At the End of the Rainbow for Contract and Spend Management Systems

NC State SCRC

Contract analytics can provide a summary view on performance and pricing deviations, risks, statistics (expiry, renewal and pending), procurement and sales metrics. Current best practices in contract management systems are associated with application of searchable contract databases, allowing comparison and rapid access to contract information, as well as comparison of contractual terms and exposure for common suppliers, categories of spending, and specific price benchmarking internally.

The future’s bright…but are we staring at the sun?

Proxima

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. The value equation is therefore no longer a simple a cost vs. quality comparison but has become increasingly complex as the number of variables multiplies. Uncategorized Future of procurement Public Sector

Half of supply chains still highly reliant on manual data analysis

EFT

A new survey of 1,000 procurement and supply chain executives from SAP SE in collaboration with Oxford Economics, has found that much of the analytical work still fall on human shoulders. Just 54% state that their procurement technologies enable them to make decisions that are data-driven.