MIT Supply Chain

MARCH 2, 2021

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. including owner-operators.

Comparison 52

Comparison America Transportation Colombia 52

Precoro

SEPTEMBER 6, 2021

This month, we continue our Procurement Basics series and would like to introduce our readers to yet another set of often misused business terminology. As both sourcing and procurement are related to obtaining supplies for the organization, confusing these two terms is easy. Procurement. What Is Procurement Process?

Optimal Sourcing 97

Optimal Sourcing Manufacturing Procurement Purchasing Skills Procurement Solutions 97

EC Sourcing Group

MAY 17, 2023

Spend classification can often go unnoticed, despite its critical influence over successful procurement strategy. Accurate classification of products, services, and suppliers forms the foundation for improved decision-making, cost optimization, and enhanced supply chain management.

Optimal Sourcing 52

Optimal Sourcing Negotiating Skills Negotiate Pricing Sourcing Strategies 52

Freightos

SEPTEMBER 14, 2022

While high, the shipping costs typically paled in comparison to the lost sales due to inventory shortages. This shaped the way BCOs approached 2022 and will likely continue to see supply chain; a new drive to ensure global freight shipping reliability at all costs. Changing Trends in BCO Air Cargo Procurement. Signup Now.

Logistics 156

Logistics Cargo Comparison Freight 156

HICX Solutions

NOVEMBER 10, 2022

With David we discussed: An alternative approach to digital transformation Digital Darwinism and evolution within supply chains Adoption challenges and future of Procurement. Digital Darwinism and evolution within supply chains. Adoption challenges and future of Procurement. trillion today. “The

Supply Chain Planning Software 52

Supply Chain Planning Software Manufacturing Procurement Pharmaceutical Procurement 52

Precoro

AUGUST 26, 2021

Or procurement? Although quite similar, procurement and purchasing are two distinctive processes , and understanding the difference between them can help facilitate your organization’s success. Scroll down to find: Procurement and purchasing: side-by-side comparison table ; Procurement and purchasing defined.

Pricing Training 98

Pricing Training Procurement Solutions Procurement Analytics Purchasing Training 98

Supply Chain Shaman

AUGUST 12, 2020

When Gartner purchased AMR Research in December 2009, the methodology became the Gartner Supply Chain Top 25. However, when Gartner bought AMR Research, and I left in the transition(because I don’t believe in the Gartner methodology), I launched a new methodology named the Supply Chains to Admire. The reason?

Gartner 235

Gartner Supply Chain Software Procurement Analytics Manufacturing Procurement 235

Supply Chain Shaman

JUNE 1, 2022

Over the last decade, the organization grew larger and more political in the journey from regional to global supply chain structures. I work with a group that has a sub-team focused on cost, one on customer service, and one on inventory, but lack alignment on a standard definition of supply chain excellence. I think not.

Supply Chain Planning Software 195

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Scenario Planning 195

Supply Chain Game Changer

NOVEMBER 27, 2018

Argentus is a boutique recruitment firm focused on Supply Chain and Procurement. Check out What Exactly Is Procurement? We thought we’d take it upon ourselves to do a summary-style Infographic that highlights some of the core differences between what’s considered “Purchasing” and what’s considered “Procurement.”

Purchasing Skills 68

Purchasing Skills Procurement SCM Comparison 68

Supply Chain Shaman

NOVEMBER 11, 2020

Today, supply chain excellence matters more than ever. During the pandemic, the supply chain discussions take new importance. While the supply chain technology market lost its allure at the start of the last decade, it is now cool again. The supply chain career is new. Reflection.

Supply Chain Design Software 297

Supply Chain Design Software Procurement Solutions Manufacturing Procurement Supply Chain Planning Software 297

Proxima

AUGUST 25, 2022

Simon Geale recently spoke to CNBC about how China’s strict Covid restrictions are having a ripple effect on global supply chains. The threat of sudden lockdowns continues to loom over procurement teams. At Proxima, we are uniquely positioned to help your business evaluate opportunities and identify gaps in your supply chain.

Policies 91

Policies Global Manufacturing Procurement Supply Chain Software 91

Precoro

OCTOBER 2, 2023

The procurement landscape is ever changing, and recently, in contrast to the traditional procure-to-pay platforms, we have seen the emergence of a new type of software solution, intake-to-pay, which is marketed as a more comprehensive solution. But hold on: are we sure that wasn't all possible with procure-to-pay, anyway?

Procurement Solutions 59

Procurement Solutions Procurement Analytics Optimal Sourcing Supply Chain Design Software 59

Supply Chain Matters

JULY 19, 2023

The Ferrari Consulting and Research Group via its affiliated Supply Chain Matters blog provides supply chain focused perspectives on this week’s indications of slower economic growth across China. and China continue, especially concerning deemed key strategic industries, commodities and industry supply networks.

China 52

China Manufacturing Procurement Supply Chain Strategy Cost Reduction Strategies 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

EC Sourcing Group

JUNE 8, 2021

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?

Optimal Sourcing 52

Optimal Sourcing Procurement Solutions Procurement Analytics Sourcing Strategies 52

Precoro

MAY 22, 2023

Strong companies depend on a range of hardware and software solutions to support key business processes like customer service, financial management, and supply chain operations. This article encompasses the best practices for planning and executing successful IT procurement strategies. What is IT procurement?

Procurement Solutions 52

Procurement Solutions Procurement Analytics Pricing Training Purchasing Skills 52

Procurement Academy

OCTOBER 25, 2021

Employees, consumers, the workers in their extended supply chains—and, naturally, the planet itself. This wider focus is known as ESG , environmental, social, and governance, and for procurement and supply chain functions, ESG’s wider focus brings challenges. Choices, choices, choices. On what measure?

Price Reduction 98

Price Reduction Inventory Reduction Buyer Training Procurement 98

EC Sourcing Group

DECEMBER 29, 2020

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. Every procurement and purchasing department is different, and thus, everyone has a different set of needs and standards. Have inventory management.

Procurement Solutions 52

Procurement Solutions Inventory Management Software Analytics Software Modeling Software 52

Supply Chain Shaman

MARCH 18, 2018

The traditional supply chain leader focused only on cost reduction. Snow fell last night as I worked on my last Supply Chain Metrics That Matter report. And, to manage cash-to-cash, the supplier increased their payables passing cost and waste downward in the supply chain. Sounds good? Think again.

Optimal Sourcing 169

Optimal Sourcing Supply Chain Planning Software Supply Chain Optimization Supply Chain Design Software 169

Proxima

DECEMBER 14, 2023

This has meant that procurement functions remain in the foreground, but how they measure their success in the market is drastically shifting. Before the pandemic rocked supply chains in 2020, CPOs and their teams worked in a low-inflation environment with little disruption. The main long-term effect is persistent inflation.

Cost Reduction Strategies 59

Cost Reduction Strategies Material Savings Price Reduction Supply and Demand 59

ThroughPut

FEBRUARY 23, 2024

A report by McKinsey shows that early adopters of AI in the supply chain have improved their inventory levels by 35%, reduced logistics costs by 15%, and enhanced service levels by 65%, vis-a-vis competitors who were slow to embrace AI. And the effect of inaccurate demand forecasting is felt across the supply chain.

Predictive Analytics Software 59

Predictive Analytics Software Supply Chain Planning Software Optimal Sourcing Predictive Analytics 59

Supply Chain Shaman

DECEMBER 28, 2020

When I started my business in 2012, I frequently wrote about the future using the moniker of Supply Chain 2020. We had just recovered from a recession, and my goal was to help supply chain leaders create a better supply chain by the end of the decade. At that time, Supply Chain 2020 seemed so far away.

Supply Chain Planning Software 411

Supply Chain Planning Software Forecasting Forecasting Software Modeling 411

Supply Chain Game Changer

AUGUST 13, 2020

Subscribe to Supply Chain Game Changer. The Parallel Supply Chain … A Twilight Zone Strategy? Death of Global Supply Chains article and permission to publish here provided by Sam Jenks at kodiakrating.com. Is COVID19 the death of Global Supply Chains? Subscribe Here! Email Address.

Agile and Lean Supply Chain 121

Agile and Lean Supply Chain Supply Chain Strategy Global Supply Chain Design 121

American Global Logistics

JULY 14, 2023

Gain Competitive Advantage by Understanding the Economic Aspects of Supply Chains Supply chains play a crucial role in driving economic growth and prosperity. According to the Council of Supply Chain Management Professionals (CSCMP) the cost of U.S. All these help mitigate disruptions to supply chains.

North Carolina 52

North Carolina Supply Chain Software Modeling Procurement Analytics 52

Talking Logistics

JUNE 30, 2015

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. As a strategic process, transportation procurement may still seem very tedious and challenging. Be demand driven.

Negotiating Skills 100

Negotiating Skills Manufacturing Procurement Material Savings Procurement 100

Proxima

JULY 5, 2023

Supply chains have been consistently on business agendas in recent years, and rightly so, with the pandemic, labor strikes, and inflation causing persistent disruptions and challenges for business leaders over the world. However, as inflation falls and market stability improves, are supply chains going to continue to be a focal point?

Supply Chain Planning 52

Supply Chain Planning Supply Chain Strategy Cost Reduction Strategies Supply Chain 52

Taulia

MARCH 2, 2023

The tumultuousness of the modern macroeconomic and geopolitical environment exposes companies to various supply chain risks. Monetary inflation, rising commodity prices, economic turmoil, and fluctuations in demand all have the potential to put a strain on global supply chains. What is supply chain strategy?

Negotiating Skills 52

Negotiating Skills Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 52

Silvon Software

JUNE 23, 2020

As I mentioned in my previous post, Sales Dashboards – 16 Metrics for Manufacturers , a strategy for measuring business performance should also incorporate metrics that focus on the supply chain and other operational areas of the enterprise. Nevertheless, measuring supply chain performance is critical for a manufacturing concern.

Manufacturing Procurement 86

Manufacturing Procurement Metrics Gartner Supply Chain Planning Software 86

Precoro

DECEMBER 11, 2023

Strategic sourcing is a holistic approach to supply chain management that includes tactics for optimizing the total cost of ownership, improving supplier relationships, and ensuring long-term value creation. In many cases, new companies start with simple sourcing to get the procurement process rolling.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

GlobalTranz

APRIL 25, 2016

The average Supply Chain management professional measures their Supply Chain by reviewing cost reduction. Is cost reduction all that there is in measuring Supply Chain performance? 3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. Isn’t time important?

Procurement Analytics 120

Procurement Analytics Supply Chain Performance Metrics Supply Chain Software 120

Supply Chain Matters

JUNE 14, 2022

The Supply Chain Matters blog highlights two additional May 2022 indicators of supply chain volatility as well as logistics services trending. In an update published earlier this month, we highlighted various quantitative data related to global and regional supply chain PMI indices for May.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain 52

Claritum

MAY 12, 2019

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. 2 Technologies and Procurement Table. Virtual Procurement Agents.

Analytics Software 36

Analytics Software Predictive Analytics Software Modeling Software Supply Chain Network Software 36

Supply Chain Shaman

SEPTEMBER 17, 2014

Last week was the Supply Chain Insights Global Summit. 110 supply chain leaders attended. In preparation for the summit, we readied the final report of the work on translating balance sheet results into a methodology to judge Supply Chain Excellence. Supply Chain Design. ” Yes, I said.

Optimal Sourcing 301

Optimal Sourcing Supply Chain Design Software Supply Chain Planning Software Manufacturing Procurement 301

Supply Chain Game Changer

NOVEMBER 19, 2018

Check out Brand Protection – The Definitive Role of the Supply Chain! The Supply Chain function within your company has many responsibilities. Yet often the Supply Chain is undervalued. Why is Supply Chain often undervalued? Pressures for Cost Reduction in Supply Chain.

Negotiating Skills 84

Negotiating Skills Cost Reduction Strategies Purchasing Skills Inventory Reduction 84

NC State SCRC

FEBRUARY 23, 2019

Several stories came out this week, related to KraftHeinz’s share price, its procurement department, and the fate of its parent company, 3G Capital. The amount pales in comparison to the company’s other bad news Thursday — when it said it wrote down the value of its Kraft and Oscar Mayer brands by $15.4

Optimal Sourcing 51

Optimal Sourcing Policies Procurement Price Reduction 51

E2open

NOVEMBER 15, 2022

(NYSE: ETWO), the connected supply chain SaaS platform with the largest multi-enterprise network, announces that it has expanded its partnership with Surge Transportation, a digital freight brokerage providing real-time pricing and routing guide optimization for companies that ship goods over the road.

Supply Chain Network Software 78

Supply Chain Network Software Optimization Software Logistics Network Optimization Software Optimal Sourcing 78

Locus

JUNE 3, 2022

What is also real is the impact it has on supply chains. In fact, it will not be a stretch to say that climate change is currently the biggest threat that global supply chains are facing today and is responsible for shortages and disruptions in several industries. Three stages of building a sustainable supply chain.

Negotiating Skills 52

Negotiating Skills Negotiate Pricing Purchasing Skills Optimal Sourcing 52