This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
To build an outside-in model, and use new forms of analytics, we must start the discussion with the question of, “what drives value?” ” Traditional planning models optimize functional processes to improve cost and customer service. You are right. This is an opportunity.
While SAP has had procurementanalytics solutions, last year at Spend Connect Live, SAP announced the Spend Control Tower. Daniel Chapman, the senior director of process transformation for procure to pay at Warner Music, was a keynote speaker. This solution provides insights in a much easier way to digest.
In the height of the e-commerce craze, the marketplace offerings started with a focus on e-procurement. The widely-held view was that the e-procurement market would fuel the next generation of marketplace applications. The rebirth of marketplace offerings is not on the back of e-procurement or ERP. The debates were heated.
Interview for Metrics That Matter. My kitchen table is piled high with interviews for the upcoming book, Metrics That Matter. I need it for my conference on September 10th-11th, 2014. I recently interviewed him for my upcoming book, Metrics that Matter, that publishes in August 2014. ” Supply Chain Leader.
“Scale drives profitability,” Turner told a group of industry analysts on April 22 nd , the day before the Coupa Inspire user conference began. This technology allows businesses to unify their procurement, expense management, invoicing, payments, sourcing, contract management, and spend analysis processes and reporting.
Featuring Our 12 Best Procurement Articles! Procurement operations are the backbone of every company’s supply chain. Fundamental to procurement is the acquisition of goods and services from a party that’s further up the supply chain. This document is the first legal contract in the operational procurement process.
The interview occurred during athe FourKites Visibility 2023 user conference on September 7th in Chicago. The company’s customers report that the ETAs provided by these FourKites are more accurate, timely and easier to access than those provided by carriers. I attended my first Visibility conference in 2020.
I know that your primary focus is procurement. Or planned orders to purchase orders?) In one of the case studies, a manufacturer reported that they had 1700 employees with the term “data” in their title, but they lacked insights. ” Anna, this blog post is for you. And how do we measure it? (Is Listen and learn.
The purchasing department plays a critical role in the success of an organization. Thought-out practices and well-managed workflows within the purchasing department are crucial for making sure that the company has the necessary resources available at the right time and at a reasonable cost.
Raja Hammoud, EVP of Products at Coupa, speaking on the main stage at Coupa Inspire Coupa recently completed its Inspire conference. This technology allows businesses to unify their procurement, expense management, invoicing, payments, contract management, and spend analysis processes and reporting. That has recently changed.
Here I want to address the question, “Why is the focus on the basics of supply chain a barrier to adopting new forms of analytics and supply chain processes? ” (The use of the term “basics” is usually code for the implementation of Enterprise Resource Planning (ERP) to improve order-to-cash and procure-to-pay.).
At a high level, the act requires that companies ensure compliance with human rights and the prevention of environmental degradation, both within their direct activities but also along their entire supply chain; and that grievance mechanisms be set up with reporting on an annual basis to the German government on the regulated activities.
Suppliers are facing increasing pressure from the buyers of their goods and services to report their environmental, social, and governance data. Increasingly, companies will take sustainability criteria into account in their purchasing decisions. The data, which is reported on the EcoVadis platform, highlights the supplier’s emissions.
I wrote my first report on Sales and Operations Planning (S&OP) while sitting on the floor in the Atlanta airport in 2005 when I was an AMR Research analyst. When my flight canceled, I was en route to the annual AMR conference in Phoenix. The model in Figure 1 became the foundational model for the Gartner S&OP model.
If the word collaboration was listed on a card as a drinking game at supply chain conferences, we would be drunk at many. Cash-to-Cash Metrics. Cash-to-cash is a compound metric: (Days of Receivables+Days of Inventory)-Days of Payables=Cash Conversion Cycle. Here I share perspective on cash-to-cash abuse.
The sixth assessment report by the Intergovernmental Panel on Climate Change (IPCC) published in August 2021 once again stressed the importance and urgency of decarbonising all sectors of the economy. Most respondents report monitoring their fuel consumption, which is a critical first step towards reducing it.
I have learned that supply chain systems are more complex than I originally thought, and that the relationships between supply chain metrics are nonlinear. They also enable the evaluation of networks for both sales and procurement relationships to optimize the flows upstream and downstream. Is it coincidence? I don’t think so.
The procurement Summit 2016. Building on the huge success of eWorld Procurement & Supply – which has been running bi-annually in London since 2001 – the new Procurement Summit will bring together 150 purchasing and finance professionals from across the commercial, public and third sectors. Procurement Automation.
That was my opening question to the executives attending last month’s Elemica reveal 2014 Conference in Frankfurt. Ralf Kahre and Patrick Gött began their presentation with an overview of BASF’s Business Process Management (BPM) Operating Model, and then discussed how they applied the model to improve the Purchase-to-Pay (P2P) process.
Sustainable Purchasing & Supply Summit 2015. The first UK conference to present an holistic view of sustainable procurement and the role of the supply chain in more responsible business and government. Morning (10am-1pm): What’s New in Sustainable Procurement? Date: 22 September 2015. Venue: QEII Centre, London.
Supermarkets, retailers and importers are beginning to lift prices in response to the crises, essentially passing the costs onto their customers. According to the Conference Board, despite lockdowns and COVID-19 related restrictions, consumer confidence in Asia rose in the last quarter of 2021 to 128 points from 126 points.
Next year’s conference will be on September 8th-11th in Franklin, TN, south of Nashville, TN. The design of the conference includes tours of several modern warehouses and centers of excellence. The budget is for a fiscal year with quarter reporting and updates. ————————-.
This process, known as IT procurement, requires comprehensive steps with clear objectives and vendor selection criteria to ensure that technology investments align with business goals and yield a return on investment (ROI). This article encompasses the best practices for planning and executing successful IT procurement strategies.
I am speaking at the Zycus Horizons conference this week, being held at the Reynolds Plantation in Georgia. As part of the conference, I’m delivering a talk on five predictions that every procurement professional should consider.
10th Pan-European Conference in the P2P Series. Organiser: marcus evans Conferences. URL: www.marcusevans-conferences-paneuropean.com. Global P2P departments are still on the journey towards true touchless end-to-end purchase-to-pay function. Get experience on Lean and Six Sigma in indirect procurement.
Editor's Note: As of late you may have noticed we have written a lot about procurement and the future of procurement. A large part of procurement is finalizing the contract and then the follow through of the determined deliverables in that agreement. All KPIS have metrics to measure.
And its technology assets too, like the Kiva robots Amazon purchased [in 2012] and the data centers that power its cloud computing services. Big Data and Analytics for Oil and Gas Transportation. It’s the promise of Big Data, Business Intelligence, and Analytics. For related commentary, see: Notable Quote: C.H.
That’s how JDA Software’s CEO, Baljit Dail, summarized the feedback he was getting from customers and partners at FOCUS 2015 , the company’s user conference held last month in Orlando, FL, which had more than 2,000 attendees from 30 countries. “It feels like a new JDA.”. The value of IT is in how you use it.
During the year, I go to a lot of conferences. I find that in this world of the global multi-national that procurement processes have become convoluted and increasingly complex. (In In my opinion, we have made procurement increasingly complex without adding value. Source: Dictionary.com. This makes me yawn.
Visibility Enables Faster Procure-to-Pay and Order-to-Cash processes : for example, you can leverage Electronic Proof of Delivery (ePOD) and geofencing to initiate invoicing and payment process. . The further out you book freight, the less expensive it is,” explained Cicerchi in a video interview I conducted with him at the user conference.
The Ferrari Consulting and Research Group via its Supply Chain Matters blog revisits assumptions included in 2025 predictions and how they are changing with ongoing developments. In our January report we cited The United Nations Conference on Trade and Development (UNCAD ) s December 2024 forecast that global trade was on track to grow 3.3
My goal in this blog post is to answer a series of questions I got from the audience when I spoke at a couple of conferences this week. Through digital marketing, small brands are cropping up all over, and it is sentiment analysis and digital content driving purchases. ” Leading in the Face of Change. How do we compete?”
Diverse Skill Set Utilization: Multifaceted Role: Supply chain roles often require a blend of analytical, organizational, communication, and problem-solving skills. This can be engaging and fulfilling for those who enjoy using their analytical and strategic thinking skills.
I had the opportunity to speak to a group of oil and gas executives at the DHL Global Energy conference this week, held in the Petroleum Club. The conference was a great opportunity to interact with logistics and procurement executives in an environment of open dialogue and discussion.
Today I attended the SAP Insider Conference. For the last fifteen years, I attended this conference. I yearn for the years when the SAP Insider conference was larger and full of energy. As a conference attendee, the discussions of digital transformation for me stretches over the period of 1988-2017. The answer?
Descartes Showcases Logistics Technology Platform Innovations at Global User and Partner Conference. MercuryGate Launches Global, Omni-modal Freight Procurement Solution. Based on the quote above from the Stifel report, it seems like my advice has been ignored. Best Buy rolls out same-day delivery in 13 markets (Star Tribune).
Cycle stock is the management of stock required to cycle through production runs and procurement buys effectively. More and more companies purchasing inventory technologies, but failing to give planners time to plan. She is trying to redefine the industry analyst model to make it friendlier and more useful for supply chain leaders.
The acquisition will combine Ariba’s successful buyer-seller collaboration network with SAP’s broad customer base and deep business process expertise to create new models for business-to-business collaboration in the cloud. Financial Analyst and Media Conference Call. Conference ID: 7427781. billion term loan facility.
When customers have transparency into product availability, delivery timelines, and order status, they are more likely to complete purchases and continue shopping with a business. The success of the emails can be tracked through metrics such as bounce, click-through, and conversion rates.
Some industry reports point out reluctance to route January 2025 import volume via east coast ports because of ongoing uncertainty. West Coast Port of Los Angeles reported 27 percent higher container volumes processed in the period from July to September. A published report by Business Broadcasting Network CNBC titled: U.S.
Check out What Exactly Is Procurement? And What is Purchasing? How often do you have to internally report your sales numbers? Check out Procurement Experiences, Trends and the Future! SCM #SupplyChain #purchasing #procurement #supplychainmanagement. Subscribe Here! Email Address.
They can offer valuable feedback on the data, as they are more familiar with the realities of purchasing habits. Such “democratization” of data allows cost analysts to gauge first-hand insights that are not always directly available to upper management. How many employees are involved in the procure-to-pay cycle?
So mark your calendar with the relevant supply chain conferences. Logy Conference. eWorld Purchasing & Supply. Sedex Conference. SCM & Optimization Conference. Turkey Trade & Export Finance Conference 2016. The Global Procurement & Supply Chain for Oil & Gas Industry. Marcus Evans.
Tomasevic, Chief Procurement Officer of the AGCO Group. He established the link to an automotive conference whose trend topics also apply to the agricultural sector: Decarbonization for an improved, because lower “Carbon Footprint. Challenges in agriculture Josip T.
We organize all of the trending information in your field so you don't have to. Join 102,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content