ivalua

AUGUST 17, 2021

There are, in fact different phases of procurement value creation that tie into the Source-to-Pay process: . Creating Value occurs when sourcing and procurement uses relevant sourcing processes and tools to engage and select the best fit supplier. What is Direct Procurement? What is Indirect Procurement?

Manufacturing Procurement 130

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 130

Supply Chain Shaman

APRIL 15, 2020

My first focus was on China sourcing. I firmly believe that the rebound of the economy requires strong supply chains, but to make this happen, we need to turn our backs on historic practices and innovate new ways of working. Another example is testing. China was the source of over 90% of PPE.) Swimming Up Stream.

Supply Chain Planning Software 427

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

BlueYonder

APRIL 9, 2024

For the past 175 years, Carlsberg has continuously reinvented itself from a marketing, innovation and product perspective, while remaining true to its core values of enriching communities while manufacturing quality drinks. Spanning 140 brands, 40,000 employees, 150 global markets, and 12.5

Optimal Sourcing 100

Optimal Sourcing Sustainability Material Savings Waste Reduction 100

ivalua

APRIL 13, 2021

Unlocking Supplier-Led Innovation. Supplier-led innovation can help increase margins, accelerate time to market and differentiate products/services to capture market share. For example, supply chains may have to be adjusted to support new company sustainability or other CSR policies.

Procurement Solutions 130

Procurement Solutions Procurement Sourcing Strategies Resource Reduction 130

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. In the United States for example, many companies have been considering – and some already taken – strategies like near-shoring and reshoring.

Supply Chain Disruption 94

Supply Chain Disruption Supply Chain Software Supply Chain Strategy Modeling 94

Supply Chain Shaman

MAY 18, 2019

For most –hamstrung by silo-based strategies for source, make and deliver–there is no clear definition of supply chain strategy. For example, in many of my clients a well-implemented demand planning solution two decades ago is now degrading the forecast 10-15%. Technology change is moving faster than process innovation.

S&OP 176

S&OP Supply and Demand Supply Chain Planning Software Supply Chain Design Software 176

Logistics Viewpoints

AUGUST 22, 2023

And progress comes in increments both large and small as we build on the breakthroughs and innovations that have come before. That’s when you can course correct in any number of ways that make your business more efficient and your customers happier. In other words, visibility is an enabler. Why is this shift such a big deal?

Real-time Visibility 185

Real-time Visibility Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 185

QAD

APRIL 13, 2023

While Contract Pharma & BioPharma manufacturers continue to experience an increase in demand for more projects, new challenges are emerging from nearly every angle including new regulatory and quality requirements, workforce shortages and of course, supply chain disruptions. is likely to reach 2.1

Pharmaceutical 94

Pharmaceutical Sourcing Strategies Manufacturing Procurement Optimal Sourcing 94

Elementum

AUGUST 9, 2022

Of course you’ll also want to answer this question before launching mass marketing campaigns, building up inventories, and hitting record sales — only to learn that money’s being lost because material costs are too high. We can look to the recent baby formula shortage as an instructive example. .

Supply Chain Design Software 78

Supply Chain Design Software Supply Chain Design Supply Chain Optimization Optimal Sourcing 78

Procurement Academy

OCTOBER 19, 2023

This procurement approach looks at the delivery of value beyond instant cost savings, such as timely delivery, compliance, and innovation. One extremely successful example is the retail giant, Amazon, whose negotiation tactics have played a significant role in its supply chain operations.

Negotiating Skills 52

Negotiating Skills Pricing Training Negotiate Pricing Purchasing Training 52

Logistics Viewpoints

MAY 27, 2021

In my Logistics Viewpoints article in April 2021, Building Profitability with Agility while Digitally Transforming the Supply Chain , I mentioned that we will continue to explore here the concrete steps in the digital journey and examples of determination from the top in addition to logistics operations. The payoff is well worth it.

Optimal Sourcing 231

Optimal Sourcing Supply Chain Software Logistics Network Optimization Software Modeling 231

Supply Chain Shaman

SEPTEMBER 10, 2020

For example, Campbells Soup is struggling to keep up with the demand for soup, potato chips, and cookies. Over the course of three decades, companies invested in enterprise systems to improve functional efficiency. As companies move through these steps they will start to knock on the doors of technology innovators. What To Do?

Supply Chain Planning Software 395

Supply Chain Planning Software Supply and Demand Supply Chain Design Software Supply Chain Software 395

ivalua

SEPTEMBER 19, 2022

Under pressure to quickly identify new sources of supply, due diligence has–at times been reduced, thereby increasing the likelihood of quality issues, unknowingly supporting forced labor, or exposing organizations to fraud. Taking a category view often means little more than ensuring alternate sources are available.

Supply Chain Risk Management 130

Supply Chain Risk Management Risk Management Inventory Reduction Cost Reduction Strategies 130

The Logistics & Supply Chain Management Society

APRIL 19, 2023

As a result of these God given advantages, farmers have exploited these and through innovation managed to feed a big part of the world far beyond what that country or region needs for their own consumption. Cluster strategies contribute to a reduction of the carbon footprint of agri-food supply chains.

Waste Reduction 130

Waste Reduction Food Resource Reduction Price Reduction 130

SCMDOJO

SEPTEMBER 18, 2023

Whether you’re a seasoned procurement professional or just stepping into the world of sourcing and acquisitions, understanding the nuances of procurement synonyms can make all the difference. Sourcing plays a crucial role in building strong supplier relationships and achieving cost-effectiveness in the supply chain.

Negotiating Skills 97

Negotiating Skills Manufacturing Procurement Optimal Sourcing Pricing Training 97

SCMDOJO

AUGUST 19, 2022

New global consumer markets, characterized by sourcing activities and low manufacturing costs, seem to take the supply chain into more contemporary territory. They should be tight enough to stand the test of time and flexible enough to allow the integration of innovative solutions as technology advances. Real-time Inventory Management.

Supply Chain Software 114

Supply Chain Software Optimal Sourcing Supply Chain Optimization Manufacturing Procurement 114

ivalua

MARCH 5, 2020

And increasingly, that means collaborative working with key suppliers who can support that need to be innovative, flexible and agile. Well, of course that will still matter, in certain organisations and for certain spend categories (actually not many for most organisations).

Optimal Sourcing 130

Optimal Sourcing Procurement Supply Chain Planning Software Agile and Lean Supply Chain 130

Supply Chain Game Changer

OCTOBER 22, 2020

In the future, you will know the source of every component in the products you use or manufacture, how it was produced, the energy consumed in its production, perhaps even who will own it next and how much they will pay you for it. The IT industry is a great example of one that can help lead in this principle. GET our EBOOK HERE.

Supply Chain Design Software 70

Supply Chain Design Software Alloy Supply Chain Software Supply Chain Design 70

Logility

OCTOBER 22, 2020

Automatic model switching to improve forecast accuracy is just one of many examples of the early use of ML to continually tune the digital supply chain and optimally leverage physical supply chain network performance. The ML market has grown rapidly, but there’s more growth and more innovation ahead. You should be part of it.

Supply Chain Planning Software 182

Supply Chain Planning Software Forecasting Software Supply Chain Design Software Optimal Sourcing 182

AIMMS

JUNE 23, 2016

Think for instance of a Source Optimization app for your retail company – a custom solution that helps you understand how and when to source your supplies, foresee possible supplier issues and adapt your plans accordingly. Another example, this time in the oil industry, would be an oil blending app. Oil blending is not easy.

Prescriptive Analytics Software 136

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Predictive Analytics 136

Freightos

DECEMBER 2, 2021

For example, if we look at recent peak seasons, the cost of shipping a 40’ container from Asia to the US West Coast in September 2019 was $1,437 according to the Freightos Baltic Index (FBX). However, since buying goods manufactured primarily in Asia increased so significantly, demand quickly outpaced supply. Start shipping now.

Price Reduction 177

Price Reduction Cost Reduction Strategies Freight Supply Chain Disruption 177

Elementum

DECEMBER 1, 2021

Take, for example, education, healthcare, and e-commerce, which all fundamentally changed the way they operate, digitizing 10 years in a matter of only 10 months. lower carbon footprint) • Higher consumer expectations: Same-day shipping, locally sourced, etc. While some challenges still exist (e.g. But, that’s changing fast.

Agile and Lean Supply Chain 195

Agile and Lean Supply Chain Price Reduction Supply Chain Software Supply Chain Strategy 195

Elementum

NOVEMBER 9, 2022

Turning to sources who live and breathe the supply chain space, we find Robert Bowman at Supply Chain Brain , estimating that as few as 12% of supply chains use AI for everyday management decisions. Trail Blazing is Hard: At this stage, no generally accepted playbook has emerged for how and where to get started with AI.

Gartner 78

Gartner Supply Chain Planning Software Supply Chain Software Supply Chain Planning 78

Elementum

NOVEMBER 9, 2022

Turning to sources who live and breathe the supply chain space, we find Robert Bowman at Supply Chain Brain , estimating that as few as 12% of supply chains use AI for everyday management decisions. Trail Blazing is Hard: At this stage, no generally accepted playbook has emerged for how and where to get started with AI.

Gartner 78

Gartner Supply Chain Planning Software Supply Chain Software Supply Chain Planning 78

AIMMS

JUNE 23, 2016

Think for instance of a Source Optimization app for your retail company – a custom solution that helps you understand how and when to source your supplies, foresee possible supplier issues and adapt your plans accordingly. Another example, this time in the oil industry, would be an oil blending app. Oil blending is not easy.

Prescriptive Analytics Software 156

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Predictive Analytics 156

Material Handling & Logistics

OCTOBER 30, 2018

With the digitization of the source-to-pay process being a key initiative for many chief procurement officers, to the inherent automation which promises to accelerate innovations such as artificial intelligence (AI), digitization is growing. Master Innovation. Suppliers are a vast pool of potential innovation.

Optimal Sourcing 110

Optimal Sourcing Procurement Solutions Procurement Analytics Procurement 110

Procurement Academy

JUNE 15, 2022

An example of how ethics comes into play in procurement is in supplier selection, evaluation, negotiation and ultimately awarding business. Failing to abide by ethical standards can lead to immoral and illegal practices such as bribery, favoritism and illegal sourcing. Fair and unbiased treatment. Ethics training.

Pricing Training 52

Pricing Training Purchasing Training Procurement Buyer Training 52

Procurement Academy

JUNE 15, 2022

An example of how ethics comes into play in procurement is in supplier selection, evaluation, negotiation and ultimately awarding business. Failing to abide by ethical standards can lead to immoral and illegal practices such as bribery, favoritism and illegal sourcing. Fair and unbiased treatment. Ethics training.

Pricing Training 52

Pricing Training Purchasing Training Procurement Buyer Training 52

Supply Chain Game Changer

OCTOBER 2, 2020

Things are only going to get bigger and better in the future, with digital innovation poised to take over the sector. A recurring evaluation along with agile innovation can set your business on track to savings and growth in the long run. Understanding the possibilities of innovation is important. Hybrid solutions are the best.

Supply Chain Planning Software 67

Supply Chain Planning Software Guidelines Scenario Planning Supply Chain Planning 67

Unleashed

FEBRUARY 9, 2021

Of course, sustainability is also a key factor. For example, changes to consumer behaviour show that people are thinking more and more about their immune system, and how their eating habits can impact it. Larger inventories, for examples, could lead to a greater risk of shrinkage. Dual sourcing strategies. Near-shoring.

Food 94

Food Manufacturing Procurement Supply Chain Software Trends 94

QAD

APRIL 14, 2022

Throughout the course of history, advances in technology have been used to improve our quality of life and enable the sustainability of the human race. Starting with the invention of the wheel, to the light bulb and everything in between, innovation has made people’s lives and the world better. Let us take a look at a few examples.

Food 97

Food Manufacturing Procurement Resource Reduction Waste Reduction 97

Logistics Viewpoints

NOVEMBER 2, 2021

When you can barely see beyond the bow of the ship, when extreme wind and waves threaten to throw you off course – or worse, sink you – it’s understandable that long-term thinking can get chucked overboard like so much extra ballast. Demand an ever-increasing pace of integration and innovation. Take full advantage of modern technology.

Supply Chain Planning Software 185

Supply Chain Planning Software Supply Chain Design Software Scenario Planning Modeling Software 185

Precoro

MARCH 31, 2023

Examples of its adverse effects include increased frequency and severity of natural disasters, rising sea levels, loss of biodiversity, damage to infrastructure and homes, food insecurity, water shortages, and increased rates of respiratory illness and heat-related illnesses.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Manufacturing Procurement Procurement Solutions 52

Freightos

MARCH 17, 2019

Source: SGX, Freightos Baltic Index. For example, logistics providers reported that unless they paid extra during capacity crunches, 25% of their shipments failed to make the first available sailing. This, of course, requires a reputable global freight index. Source: Freightos Index Linking Survey.

Optimal Sourcing 120

Optimal Sourcing Procurement Freight Price Reduction 120

ivalua

APRIL 5, 2019

I’m not a “petrolhead” (my wife has always been more interested in F1 than me), but the constant cycle of improvement and innovation in the sport is fascinating, all designed to make the cars go faster and improve the chances of winning. With the start of the Formula 1 motor racing season recently, my thoughts turned to speed.

Procurement Solutions 100

Procurement Solutions Procurement Analytics Optimal Sourcing Procurement 100

Proxima

AUGUST 21, 2020

A simple example is eggs. But of course, these challenges have created opportunities too. Data is king, and the past few months have proved, the faster you can access your data, the faster you can respond (infrastructure allowing, of course). Of course, enablers must also be in place. Utilize real-time data, in real time.

Supply and Demand 98

Supply and Demand Modeling Demand Planning Software Sourcing Strategies 98

The Logistics & Supply Chain Management Society

FEBRUARY 16, 2023

Procurement, activities such as strategic sourcing, are one of the main processes in the supply chains that can generate a positive impact on companies by giving them a competitive advantage in the market. Strategic sourcing can help supply chain leaders identify potential risk factors and develop procurement mitigation plans.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Sourcing Strategies Optimal Sourcing Purchasing Skills 130