ivalua

APRIL 5, 2019

In my last two articles ( here and here ) I’ve been talking about the need for Procurement to think about how we can move beyond our historical transactional role and embrace approaches to help drive competitive advantage and real value for our organisations. I’d suggest that “speed” has both internal and external dimensions.

Procurement Solutions 100

Procurement Solutions Procurement Analytics Optimal Sourcing Procurement 100

Precoro

NOVEMBER 7, 2022

Of course not! In order to run a successful business, you need a dedicated procurement team to obtain these essential goods and services, ensure timely delivery, and nurture good relationships with your vendors. What is Direct Procurement? Thus, these materials would be categorized under direct procurement.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Solutions Optimal Sourcing Procurement Analytics 52

EC Sourcing Group

NOVEMBER 17, 2020

When you’re trying to control the entire procurement process within the supply chain, you want to make sure that you have the best software for your needs at your side so that everyone—you, vendors, and suppliers, are getting their needs met within the supply chain. Procure-to-pay operations. Thus, you’ll see a lot of: eSourcing tools.

Procurement Solutions 52

Procurement Solutions Supply Chain Software Supply Chain Planning Software Forecasting Software 52

EC Sourcing Group

MARCH 29, 2022

eSourcing is such an essential part of procurement. When eSourcing is optimized, it can positively affect procurement and the overall supply chain. eSourcing is sourcing done digitally—tools that aim to simplify, streamline, and improve procurement and strategic sourcing overall.The eSourcing software you use is also important.

Optimization Software 52

Optimization Software Supply Chain Software Optimal Sourcing Tools 52

SCMDOJO

JULY 28, 2022

This means that every time you host a sourcing event, the same suppliers bid on the same products at the same prices. This can lead to dual sourcing and more competition among suppliers, ultimately reducing procurement costs and ensuring higher product quality. Then the Supplier registration form comes in handy. Mailing Address.

Negotiate Pricing 108

Negotiate Pricing Purchasing Skills Procurement Solutions Negotiating Skills 108

Supply Chain Shaman

APRIL 15, 2020

My first focus was on China sourcing. China was the source of over 90% of PPE.) As I watch the news and work on client documents in my quarantine, I try to manage my emotions. Document your supply chain black holes. Explore alternative analytics and data sources to eliminate black holes. Redefine Visibility.

Supply Chain Planning Software 427

Supply Chain Planning Software Supply Chain Design Software Modeling Supply and Demand 427

EC Sourcing Group

APRIL 26, 2022

The eTendering process is an integral part of procurement and the overall supply chain. eTendering, also known as eSourcing , is simply the act of conducting procurement online—namely, receiving and sending tenders using an online platform, like tender process software. Of course, you want to look at compliance savings first.

Optimal Sourcing 52

Optimal Sourcing Material Savings Cost Reduction Strategies Procurement Solutions 52

QAD

JUNE 29, 2023

This means involving stakeholders from across the company, including engineering, manufacturing, procurement, quality, maintainability, serviceability and sustainability, plus key suppliers. Documenting this knowledge is crucial for retaining intellectual property and facilitating future design improvements.

Price Reduction 94

Price Reduction Sourcing Strategies Expense Reduction Resource Reduction 94

QAD

OCTOBER 26, 2023

Computer chips were recently in short supply and the shortage list has included children’s pain relievers, EV components, eggs and, of course, toilet paper at times. Of course, this level of supply chain maturity is not something that happens overnight and many companies need to consider a global trade management solution.

Supply Chain Disruption 94

Supply Chain Disruption Supply Chain Software Supply Chain Strategy Modeling 94

Precoro

APRIL 18, 2023

Shipping Rates Delivery cost makes up a significant part of a company’s procurement expenses, so visibility is essential for taming the spending. Documents With every step, transactions should be documented ; this means creating a purchase order , a bill of lading, a receipt, a customer's order, and others.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Real-time Visibility Supply Chain Software 98

Kodiak Hub

SEPTEMBER 1, 2022

The answer you want to give is “err probably if I start gathering it right now,” but of course, you simply acquiesce, grab another coffee and start working out what you need. Check out this article on How Procurement Teams are Drowning in Data without being able to leverage it. I think it was called a Kraljic Matrix. Can we do that?

Procurement Analytics 52

Procurement Analytics Purchasing Skills Procurement Solutions Buyer Training 52

Precoro

OCTOBER 16, 2023

Regardless of size or industry, every organization relies on procurement to achieve its objectives and stimulate growth. Procurement, the art of acquiring goods and services, is not just an option but a fundamental requirement for businesses to function smoothly. What is a Procurement Contract?

Procurement Solutions 98

Procurement Solutions Optimal Sourcing Procurement Analytics Procurement 98

KEPLER Consulting

SEPTEMBER 3, 2019

When it comes to new supplier identification, negotiation or strategic sourcing process, many of our clients need to increase the level of expertise and empowerment without adding headcount. Moreover, supplier scouting could be extremely time consuming if the focus on the most promising areas is not enough defined and documented.

Negotiating Skills 56

Negotiating Skills Optimal Sourcing Sourcing Strategies Resource Reduction 56

Resilinc

JANUARY 18, 2021

Turmoil points to need for robust mapping of supply chains, rigorous analyses of alternate sourcing strategies. Of course, this will be true of many industries, as millions of products in today’s globalized economy are sourced, manufactured, assembled and packaged in multiple countries.

Supply Chain Planning Software 62

Supply Chain Planning Software Manufacturing Procurement Supply Chain Strategy Ireland 62

NC State SCRC

JUNE 29, 2017

There is increasing evidence that blockchain (or Distributed Ledger Technology ) is not a standalone solution, but will emerge more as an open source utility, much like the Internet. The latter element of course refers to the complex system of business to business transactions that exists today in most organizational supply chains.

Vendor Strategies 40

Vendor Strategies Cost Reduction Strategies Procurement Supply Chain Network Software 40

Supply Chain Game Changer

JUNE 10, 2020

Side Note: we’re talking about pre- or post- COVID 19 of course). We make buying decisions and investments on a daily basis, in our private lives, based upon a plethora of information, insights & data sources. Utilizing improvised solutions is still the norm in many procurement organizations. Think I’m full of bologna?

Procurement Solutions 56

Procurement Solutions Procurement Analytics Eliminating Excel in Purchasing Optimal Sourcing 56

Supply Chain Shaman

JUNE 18, 2015

In supply chain strategy documents, terms like alignment, agility, responsiveness, and flexibility dot the page. The practices are still emerging and have morphed dramatically over the course of the supply chain leader’s career. In discrete industries, the early supply chain organizations reported to procurement.

Sourcing Strategies 150

Sourcing Strategies Agile and Lean Supply Chain Inventory Reduction Supply Chain Design 150

NC State SCRC

FEBRUARY 8, 2018

The concept level design phase is typically summarized in a system concept document. This phase is followed by system level development, resulting in system performance requirements and description documents. The subsystem and component level phase yields product performance requirements and design documents.

Manufacturing Procurement 40

Manufacturing Procurement Supply Chain Design Software Optimal Sourcing Supply Chain Design 40

Supply Chain Game Changer

NOVEMBER 23, 2018

Check out What is Virtual Procurement and Why Should You Care? Procurement is an integral part of any company in any industry. Jill is a true, seasoned leader and expert in Procurement. She offers Procurement services which anyone seeking help in any aspect of this area of Supply Chain must seriously consider.

Negotiating Skills 80

Negotiating Skills Purchasing Skills Optimal Sourcing Procurement Solutions 80

Talking Logistics

MARCH 2, 2016

As reported in USA Today : [In a sourcing practice nicknamed “China plus one”], big brands like Rip Curl send their specifications — what they want made and how much they’re willing to pay for it — to sourcing agents, who find factories that agree to fulfill them. Define and document Supply Chain Mapping business processes.

North Korea 100

North Korea Supply Chain Visibility Logistics Network Optimization Software Supply Chain Software 100

Procurement Academy

AUGUST 4, 2022

Ensuring efficiency in your procurement process has a positive chain reaction within your entire organization. The objectives of a world-class procurement organization are far beyond the traditional belief that procurement’s primary role is to obtain goods and services in response to internal needs. Reduce expenses.

Optimal Sourcing 52

Optimal Sourcing Purchasing Training Negotiating Skills Procurement Analytics 52

Supply Chain Shaman

APRIL 20, 2018

It was also clear to me that transactional data was only one of the feeds to the planning engines (approximately 60% of the data feed, but not the sole source). Over the course of the last decade, ERP spending was a thrust of the 1.7% I fought a hard fight and lost. of revenue spent in IT. Horizontal Processes.

Supply Chain Planning Software 163

Supply Chain Planning Software Supply Chain Design Software Gartner Supply Chain Software 163

Enterra Insights

JUNE 11, 2018

.”[1] What Potts discovered was that people living near the lake used tools made from obsidian and the nearest source of that stone was over a hundred miles away. The amount of obsidian discovered near the lake makes it unlikely the local population was self-sourcing. Space and time remain challenges for supply chains.

Supply Chain Planning Software 113

Supply Chain Planning Software Optimal Sourcing Supply Chain Software Supply Chain Optimization 113

Precoro

OCTOBER 6, 2022

With the global market expansion and deepening supply chain complexity, the roles of procurement leaders have evolved from tactical to strategic. Nowadays, procurement departments not only focus on the day-to-day buying operations but also search for the most efficient ways to go about them. Types of Procurement Analytics.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Solutions Procurement Analytics Pricing Training 98

The Logistics & Supply Chain Management Society

JANUARY 13, 2021

There are however many other companies that do not trade tangible goods across borders but may be able to benefit from provisions on services, investment and government procurement etc. Documentation to be presented. That of course does not make the regulators very happy. What constitutes minimal processing.

Pricing Training 245

Pricing Training Negotiating Skills Purchasing Training Optimal Sourcing 245

Supply Chain Game Changer

NOVEMBER 17, 2018

By January during 8 th grade, several of my classmates and I had finished the self-paced algebra course. The biggest career transformation for me was after leaving Dell when I joined Lucent in 2002 and entered supply chain in technology sourcing. How has the Supply Chain changed over the course of your career? It was fun!

Gartner 74

Gartner Manufacturing Procurement Optimal Sourcing Supply Chain Software 74

ivalua

DECEMBER 6, 2022

Author: Hubert Verweij , Head of Procurement Transformation, Capgemini Invent Sweden and Finland. Nowadays, Procurement practitioners primarily talk about emerging topics like the reduction of scope 3 emissions, supplier-enabled innovation and supply risk management. Procurement as end-to-end process owner .

Optimal Sourcing 130

Optimal Sourcing Pricing Training Optimization Software Procurement Solutions 130

GlobalTranz

MARCH 23, 2016

All activities are documented by a team recorder. It typically describes how a process should consistently be executed and documents current ‘best practices.’ These metrics would, of course, be aligned and are updated every hour. Then, the team assigns responsibility for the action required to reach the desired solution.

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Manufacturing Procurement Lean Sustainability 120

Supply Chain View from the Field

AUGUST 27, 2014

Students will learn core processes around initial exploration and assessment of supply chain relationships, establishing metrics/expectations for the relationship, crafting and managing contracts, and sustaining continuous performance improvement in sourcing, logistics and operations.

Negotiating Skills 68

Negotiating Skills Negotiate Pricing Supply Chain Design Software Manufacturing Procurement 68

Proxima

JUNE 24, 2020

Suppliers are the most likely source of good or bad news, emphasizing the importance of ensuring they can walk your CSR talk – think of those retailers who continue to recover from their infamous associations with sweatshop conditions, child labor, and deforestation. Of course, there are complexities. CSR starts at home.

Retail 52

Retail Supply and Demand Supply Chain Planning Software Just-in-Time 52

Talking Logistics

JULY 25, 2018

Of course, the most common question about blockchain is “What is it?” Think of it as a business intelligence dashboard for the business user that displays information gathered from EDI transactions in the context of the Order-to-Cash or Procure-to-Pay process. Source: IBM. Source: IBM).

Supply Chain Planning Software 106

Supply Chain Planning Software Supply Chain Software Supply Chain Network Software Predictive Analytics Software 106

Supply Chain View from the Field

APRIL 10, 2013

Spend Matters has grown to be a big part of the procurement landscape. The premise of his discussion at Coupa was around volatility, and the need for procurement transformation to stop and take a look at itself, and understand how becoming influential is becoming a bigger imperative. Look where it is today!

Conference 60

Conference San Francisco Modeling Software Supply Chain Network Software 60

EC Sourcing Group

DECEMBER 1, 2020

Making RFPs (or request for proposals)is a necessary part of your procurement management strategy. Before the development of RFP software, purchasing and procurement departments would go through the process manually, which would take quite a bit of time and effort. Automated frequently used documents. Document tracking.

Procurement Solutions 52

Procurement Solutions Analytics Software Software Sourcing Strategies 52

EC Sourcing Group

AUGUST 17, 2021

With procurement, contract management solutions play an integral role in how business is conducted. With this taken into account, implementing a contract management system that is efficient is imperative in procurement. Document storage and security. of revenue each year. Automated reminders on key contract dates. Custom forms.

Analytics Software 52

Analytics Software EC Sourcing Optimal Sourcing Sourcing Strategies 52

Talking Logistics

AUGUST 19, 2015

Of course, software remains important too, and GT Nexus is making significant investments in expanding and enhancing its software footprint. Moving forward, GT Nexus plans to extend and enhance its TMS footprint across the full TMS lifecycle: Transportation Sourcing. ” The network facilitates info xchange. ” #Bridges2015.

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Design Software Conference Supply Chain Network Software 100

TrackVia

AUGUST 22, 2023

Training and Documentation: Of course, with any maintenance schedule, you’ll want to train maintenance staff on proper procedures and protocols. Maintain accurate documentation of maintenance activities, repairs, and replacements. They replace worn components proactively, avoiding costly mid-flight engine failures.

Asset Management 98

Asset Management Optimization Software Analytics Software Predictive Analytics Software 98

HICX Solutions

SEPTEMBER 23, 2020

Other studies have shown that knowledge workers can spend up to 50% of their time trying to locate data, identifying errors in data or seeking confirmatory sources of data to support information that they do not trust. That’s, of course, excluding the administration costs incurred by the supplier on their side to follow-up on non-payment.

Cost Reduction Strategies 52

Cost Reduction Strategies Purchasing Skills Data Eliminating Excel in Purchasing 52