The Future of Procurement Is Upon Us. Are You Ready?

ivalua

Niul Burton wrote a great article in Industry Week titled “Procurement 2025: 10 Challenges that Will Transform Global Sourcing”. For those of you who are executives in Supply Chain, Procurement or New Product Introduction/Development, this is a must read.

Managing the Procurement of Promotional Goods and Services

Claritum

Claritum Article - Procurement Blog. Essential is to get the right specialist procurement technology in place. That is a specialist procure to pay solution built specifically to address this domain. different currencies and languages. Contents. Introduction.

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How Procurement Can Add Value To Supplier Master Data Management

ivalua

Master supplier data doesn’t just matter to Procurement. It plays a role in a number of necessary business functions and is a key enabler of automation throughout the Procure-to-Pay (P2P) process. Procurement Owns the Process, But Not All the Relationships.

Supply Chain News on After Decades as Procurement Bad Guy, GM Changing its Heavy Handed Ways a Bit

Supply Chain Digest

Some Suppliers will be Able to Negotiate in Mid Contract as Material Costs, Currency Values Change

Procurement: The new competitive advantage

Proxima

Procurement must emerge from the shadows as a key business enabler. Procurement as we know it, is dead. However, a new breed of procurement is emerging as organisations seek to be faster, more innovative and, above all, more agile. Changing face of procurement.

Consolidated Procurement for Decentralized Law Firms – Possible or not ?

Eyvo

Consolidated Procurement for Decentralized Law Firms – Possible or not ? Taking advantage both local and consolidated reporting using both the centrally reported currency and local currencies. Next Steps To Centalizing Your Law Firms Procurement Practice.

Create your own orchestrated Marketplace

Claritum

Claritum Article - Procurement Blog. Procurement's influence with an orchestrated Marketplace. This article looks at the use of business to business orchestrated Marketplaces and online catalogues to mitigate the people factor of any procurement process.

Consolidated Procurement for Decentralized Law Firms – Possible or not ?

Eyvo

Consolidated Procurement for Decentralized Law Firms – Possible or not ? Taking advantage both local and consolidated reporting using both the centrally reported currency and local currencies. Next Steps To Centalizing Your Law Firms Procurement Practice.

What are Block Chains? – Jason Busch on the Future of Money, Trust and Transparency

NC State SCRC

Jason Busch provided a great view on Block Chains, and their impact on the future of funds in the supply chain, at the Global Procurement Tech Summit in Baltimore. Barter system led to commodity currencies. Increasingly complex trade economies, societies and governments led to paper money (the gold standard), and eventually to Fiat currency. But eventually the gold standard behind paper money wouldn’t scale and so we moved to fiat currency.

Emerging technologies impacting contract management in the Financial sector

NC State SCRC

At a major global bank, for instance, procurement is employing a dynamic discounting tool, that provide opportunities for cost saving as well as early payment discounts for supplier that require access to working capital. Second, the block chain immediately creates a settlement for the credit, using an internally generated cryypto-currency, with a defined value.

Vietnamese Dong Press Release

Claritum

Claritum Article - Procurement Blog. “With the Claritum system being accessible worldwide from the Cloud, we see many different currencies being used to transact purchases.” ” Currencies supported. users able to select their currency.

Sorting out Risk in FinTech Source Chains

NC State SCRC

A further complication arises because of the inability to correctly classify the project, supplier, and procurement transaction. And businesses don’t understand why procurement is taking so long, without a full understanding of the hundreds of steps that have to occur across the system that was designed by the bank, NOT by procurement. Further discussions reveal other insights into the risk standards set up by the OCC (Office of the Comptroller of Currency).

Supplier Financial Health: Don’t Wait for the Worst, Reach out and Talk!

Supply Chain View from the Field

This is particularly of concern in emerging countries, where major shifts in economic conditions bank lending rates, or currency issues increase the likelihood of supplier bankruptcy. BRIC Supply Chain Procure to Pay Strategic Sourcing Supplier Relationship Management Supply Chain Management Supply chain Relationships Supply Chain Risk Working Capital Management

Beyond Spend Analytics: Supplier Life Cycle Data

Supply Chain View from the Field

That is a whole process during the procure to pay process called reconciliation. Now think about millions of vendors, and different languages, different country codes, different product SKUs, and different currencies… This is making my head swim… This is going to take a lot more than a big Excel spreadsheet… Analytics Procure to Pay Strategic Sourcing Supply chain analytics Supply Chain Management

UK businesses fear for Christmas supplies as Brexit disruption hits

Manufacturing & Logistics IT

Fourteen percent of UK businesses believe it will be difficult to break even this Christmas as a result of currency instability and Brexit uncertainty, according to a survey of supply chain managers by the Chartered Institute of Procurement & Supply (CIPS

Blockchain Comes to the Freight Industry

Supply Chain Brain

If you can convince a bunch of transportation neophytes who know nothing about freight that a [crypto] coin can become the currency of the industry, then you can raise whatever,” he says. What’s more likely to happen in the long run is that businesses will fall back on traditional currencies and “fiat-based smart contracts” to fund blockchain efforts, Fuller predicts. Global Trade Management Sourcing/Procurement/SRM SC Planning & Optimization Home Page Latest News Home Page Slider

Struggling with bespoke purchases?

Claritum

Claritum Article - Procurement Blog. Claritum’s solution for bespoke procurement. Sourcing outside of procurement systems. Bespoke purchases are often sourced outside of an organisations’ standard procurement automation tools. Contents. Introduction.

Will Supply Chain Planning Productivity be a Hot Topic in 2017?

ToolsGroup

So whether you call it “automated planning”, “lights out planning”, “low touch or no touch planning” or even “driverless supply chain planning”, reducing human intervention is gaining currency.

Myopic and Hyperopic Supply Chain Planning

Logility

It combines data from sales, marketing, production, procurement, transportation and finance to create a powerful decision capability for all stakeholders.

2020 Requires Big Wings and Feet

Supply Chain Shaman

Most budgets are completed in currency at a brand level. Most can only measure functional costs—transportation, manufacturing, and procurement. It has been awhile. After the Supply Chain Insights Global Summit , I took the time to recharge and took a month off from writing.

Myopic and Hyperopic Supply Chain Planning

Logility

It combines data from sales, marketing, production, procurement, transportation and finance to create a powerful decision capability for all stakeholders.

Craig Reed from Dupont: Battle Tactics for Technology Innovation

NC State SCRC

A good friend, Craig Reed, presented this morning at the ISM Global Procurement Tech Summit. He has a long history in procurement, working Eaton, MWV, Delta, Deere, BMW and Honda, and he is also an ISM Board member. With a a merger comes expectations – the expectations is $3B of synergy from these two coming together – and a big expectation for procurement and sourcing. ” The big issues Dupont faces are oil prices, commodity prices, palm oil and currency.

Supplier Management and Sourcing in the Fashion Industry – Under the Spotlight

Jaggaer

The “fast fashion trend”, which means that collections are distributed in shorter, and shorter periods of time, has transformed the procurement function. The procurement function also manages supplier relations, negotiations, competitive intelligence and key performance indicators.

Claritum eProcurement in Chinese Language

Claritum

Claritum Article - Procurement Blog. Global Enterprises can provide procurement access for their regional offices in their local language. Local currencies can be used. Claritum processes its first transaction in Chinese.

Using Data to Improve Supply Chain Operations

Material Handling and Logistics

Data is the new currency of business. Learn how to organize your data operations in alignment with supply chain strategy. Forward-thinking supply chain professionals are looking to advanced technologies to streamline processes, improve accuracy, accelerate delivery and reduce costs.

Data 170

Taking the Hill

Supply Chain Shaman

Financial ratios allow us to analyze performance across the peer group (large against small companies) and across currencies. For most companies, growth has slowed. Profits are sluggish. Complexity reigns and cycles are longer. The challenges and opportunities of business are greater.

EcoVadis at International Railway Union Sustainability Conference

EcoVadis

practitioner from a national railway explained how they have embraced the GRI framework and translated the sustainability criteria and KPIs into Euros, so everything is evaluated on the same ‘currency’.

How is technology transforming global sourcing ?

Claritum

Claritum Article - Procurement Blog. If your organisation struggles with supply chain visibility you are not alone, according to Deloitte’s survey of Chief Procurement Officers, 65% of CPO’s have limited or no visibility beyond their Tier 1 suppliers.

Top 8 software every FMCG company should invest in

Abivin

Procurement Analytics Software A set of well-managed purchasing activities can create substantial boost to the connection between the market and the production process of FMCG industry. FMCG is a versatile and rapidly changing industry.

At the Starting Line: New Year’s Resolutions for Supply Chain and Logistics Executives

Talking Logistics

Natural disasters, product shortages due to quality issues, the impact of currency rates on product costs and demand, and disruptions caused by IT service failures or security breaches are just a few examples of the risks supply chain executives face every day. Happy New Year!

5 Features that Differentiate a Global TMS

TMC

Global systems afford a panoramic view of an organization’s entire supply chain, from procurement to drill-down details on every shipment worldwide. The system should accommodate specific currency, language, tax, and tariff requirements for each country or region covered.

5 Features that Differentiate a Global TMS

TMC

Global systems afford a panoramic view of an organization’s entire supply chain, from procurement to drill-down details on every shipment worldwide. The system should accommodate specific currency, language, tax, and tariff requirements for each country or region covered.

5 New Year’s Resolutions for Supply Chain & Logistics Executives

Talking Logistics

Natural disasters like the Japan earthquake, product shortages due to quality issues, the impact of currency rates on product costs and demand, and disruptions caused by IT service failures or security breaches are just a few examples of the risks supply chain executives face every day. At an MIT conference last year, Tom Linton, Chief Procurement and Supply Chain Officer at Flextronics, presented his top 10 list of supply chain trends.

How to Differentiate a Global TMS

TMC

Global systems afford a panoramic view of an organization’s entire supply chain, from procurement to drill-down details on every shipment worldwide. The system should accommodate specific currency, language, tax, and tariff requirements for each country or region covered.

Blockchain: The Next Great Leap in Supply Chain Transparency!

Supply Chain Game Changer

Argentus is a boutique recruitment firm focused on Supply Chain and Procurement. Argentus is a boutique recruitment firm focused on Supply Chain and Procurement. Subscribe Here! Email Address. Check out What Exactly is Blockchain? And How Does it Work? Infographic).