How Procurement Can Add Value To Supplier Master Data Management

ivalua

Jarrod McAdoo, Senior Product Marketing Manager, 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. Accurate supplier data is the fuel that drives critical business processes that impact the bottom line. Supplier data improvements can reduce these costs and minimize the opportunity for error. Logistics.

Top 15 Logistics Blog Posts of 2014

Cerasis

We continue our top blog posts of 2014 from our main categories today by focusing on something at Cerasis we are experts in : Logistics. If you are familiar with the term logistics, then you undoubtedly know it conjures up a different meaning to different people , different countries, and different companies even. There are countless number of logistics service providers who offer many different types of broad and niche services. Top 15 Logistics Blog Posts of 2014.

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Procurement Fact File

Claritum

Claritum Article - Procurement Blog. We’ve read through some of the best analyst reports and surveys to bring you this procurement fact file containing some of the most interesting findings, statistics and quotes. Click here to download a printable pdf version of the procurement fact file. Procurement. source: (1 page infographic) AccentureOperations , High Performance Procurement (2015). Outsourcing of non-core procurement activities.

5 ways TMS transforms Logistics Managers' jobs

Abivin

That’s where the need for Transportation Management System (TMS) comes into play. A survey featured in Logistics Management shows that just 35% of shippers are using TMS in their supply chain. Logistics managers need to realize that adding TMS instead of headcount can be the right way to grow their business. By automating manual processes, you can have time to focus on other important tasks like strategic planning, management.

Roberto Crippa: “If you try to manage new business with old rules you fail”

Supply Chain Movement

The business is getting tougher as more and more professional buyers at Customer’s site are managing procurement and purchasing. 1) Demand Management (demand forecasting, scarcity management and part of sales back office). 3) Logistics (inbound/outbound transportation, materials and finished goods warehouses). A technician has a different perspective to the way in which the supply chain can manage variety.

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Is Your Supply Chain A Cost Centre or a Value Creator?

Supply Chain Game Changer

From planning to negotiating to buying, from moving goods to processing goods, and from managing data to managing inventory. Cash Cycle Management. Supply Chain has a central and pivotal role, if not the controlling responsibility, for Cash Cycle management. From the inbound perspective he Supply Chain team typically procures raw materials, expedites their delivery. From the outbound perspective the Supply Chain also arranges logistics and delivery.

How To Save Money With Supplier Information Management

HICX Solutions

There’s no doubt that good management of supplier information can result in increased productivity and improved profitability. The discussion around the effect of reduced supply chain costs on profits and where money can be saved due to supplier information management (SIM) is, therefore, naturally a hot topic. How you can improve efficiency with supplier information management. Managing and aggregating supplier relationships (parent/child).

The Supply Chain Detective™! In Search of Broken Supply Chain Clues!

Supply Chain Game Changer

Most companies have a Procurement function, Distribution, Logistics, Planning, Inventory Management, Product Data Management, and Operations. In the area of Procurement they did a lot of benchmarking and highlighted deficiencies in our materials costing and pricing processes, and the resultant uncompetitiveness and financial shortfall that resulted therefrom. Lack of a Supply Chain strategy beyond just managing operating expenses. Subscribe Here!

Spreadsheets – A History and a Future!

Supply Chain Game Changer

And this meant that even more numbers and data could be quickly and efficiently managed. You could also program macros which made data management and calculations much easier. And there is truth in that concern when each spreadsheet is disconnected and manual, duplicative data entry is required. And just think of the common phrases we hear about today: Big Data, Advanced Analytics, Cloud Computing! Subscribe Here! Email Address.

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Imagining the Supply Chain of the Future!

Supply Chain Game Changer

The back bone of all of it is Digital Technology: The Internet of Things (IoT) End to End Digital Connectivity Cloud Computing Blockchain Big Data Artificial Intelligence Predictive Analytics Machine Learning Virtual Reality Augmented Reality Voice Activated Technology Wearable Devices Robotics 3D Printing and On Demand, Additive Manufacturing Cyber Security Autonomous Vehicles Drones Software as a Service (SaaS) and much more. The same applies to data. Subscribe Here!

The View from Houston: DHL Global Energy Conference 2015

Supply Chain View from the Field

The conference was a great opportunity to interact with logistics and procurement executives in an environment of open dialogue and discussion. All of a sudden, everyone is “knocking on the door” of procurement and logistics, asking for cost improvements. However, a number of presentations identified significant opportunities to drive out cost through asset productivity and logistics improvements.

Four Strategies to Optimize Logistics Spending (Part 2)

Supply Chain Network

In my last post , I shared some surprising stats about the lack of a systems-based approach for logistics procurement. More than 80 percent believe that procurement technology streamlines data management and improves the efficiency of managing complex sourcing, and 68 percent understand the impact that procurement technology has on the bottom line. Redefine ‘relevant data.’ However, this creates a narrow view of the logistics category.

How to Get a Job in the Supply Chain Sector

Logistics Bureau

And now let us examine the reasons why a career in logistics offers so much diversity to so many workers. It touches many departments, from production, procurement, shipping, accounting, and finance to marketing, warehousing, research and development, and sales. Data Managers.

What is SCM and Why is it Important?

Oracle SCM

The acronym SCM stands for supply chain management. It refers to the systems, processes and software packages used by organizations to manage day-to-day operating activities such as, new product development , demand, supply and sales & operations planning , procurement , logistics , order management , manufacturing and asset maintenance. Today, SCM systems are critical to businesses of all sizes and in all industries for managing their day to day operations.

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What Supply Chain Data Should I Track in 2020?

Veridian Solutions

Supply chain data management requires attention to detail and a mechanism in place that provides analytics, or insights, to gain actionable knowledge. Risk exists around data when it is incorrectly or inaccurately collected and shared. To ensure your organization applies data correctly and generates meaningful KPIs , supply chain leaders must know the challenges of data tracking, how it improves operational excellence, and the primary types of data to track in 2020.

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Using Data to Improve Supply Chain Operations

Material Handling and Logistics

Learn how to organize your data operations in alignment with supply chain strategy. Cloud-based supply chain management tools, the Internet of Things (IoT), artificial intelligence (AI) and machine learning are expected to figure prominently in future supply chain operations. Today’s supply chains are increasingly complex, driving logistics operations to invest billions in systems to manage all the moving parts. More data is coming in than ever before.

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Digital Transformation of Supply Chain Planning at SKF

ToolsGroup

As Jörg Schlager, SKF's Business Transformation Manager - Demand Chain, describes it, the company is looking around and seeing disruption everywhere. It managed local inventories fed by regional warehouses and factory warehouses (See Figure 1 below). With the new planning model shown in Figure 2, planning is now at the product level with the planner responsible for multiple roles including procurement, master scheduling, distribution and demand planning.

Five Trends That Excite Me!

Supply Chain Shaman

EDI is too cumbersome, and SAP Ariba’s focus, despite the marketing hype, is primarily on managing indirect spending. (My Suitable and instrumental for contract management and supply chain finance? Master data management and standards are the bane of B2B connectivity. Can artificial intelligence make standard discussions obsolete, and master data management roles no longer necessary? Data today does not move at the speed of business.

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Five Keys to Cold Chain Success with Tyler Hildebrand

The Logistics of Logistics

As a freelance marketer, I often worked closely with clients in the transportation and logistics space, so I began to understand the business. Transitioned to transportation and logistics when a recommended me for an opportuniy. Balances and manages the supply and demand of food. Information management systems are transforming the cold chain through: Route optimization. Risk management. Update procurement and carrier agreements to include FSMA provisions.

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5 Quick Solutions for Simplifying Supply Chains

Unleashed

In an attempt to get back to supply chain basics, companies need to scrutinise their processes, from procurement through to storage and shipping. With the rapid rise in our ability to collect information, data saturation is everywhere. Sure, data is king when it comes to helping forecast future demand and inventory stock needs but the ability to collect data is not always supported by the ability to filter and manage that data correctly.

Keeping it Fresh: Supply Chain of Livestock and Fresh Food

Elementum

Operators progressively distribute networks, infrastructure and logistics. Allastair Isbeter, DHL’s Vice President for Consumer said in an interview that “collaboration can be done by retailers, manufacturers, distributors, between logistics companies, final mile agents and between manufacturer and retailer. Furthermore, IoT has been widely used more than ever as businesses utilize data management technology for a more efficient way to trace products.

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COVID-19 Lesson: Make Your Supply Chain More Resilient

Logistics Bureau

But with the vulnerability of such ultra-dependence on China now exposed, business managers should be planning how to increase the resilience of their supply chains. Smart software procurement choices, in areas such as business intelligence, risk assessment, and data management, will allow you to make predictive models for supply and demand in times of local, national, or global uncertainty.

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Five Causes of Analysis Paralysis You Can Avoid

TMC

How often do you feel like you’re drowning in data? It’s a familiar feeling for many supply chain professionals in today’s data-rich working environment. Or maybe you are unaware that the volume of data you’re processing may be in excess of what you actually need. It’s a common pitfall at a time when the number of data sources and data points seem to be growing exponentially. The data is not aligned with the specific needs of the functional group.

Five Causes of Analysis Paralysis You Can Avoid

TMC

How often do you feel like you’re drowning in data? It’s a familiar feeling for many supply chain professionals in today’s data-rich working environment. Or maybe you are unaware that the volume of data you’re processing may be in excess of what you actually need. It’s a common pitfall at a time when the number of data sources and data points seem to be growing exponentially. The data is not aligned with the specific needs of the functional group.

50 expert tips on supply chain management

6 River Systems

“In the past, most disruptions were limited to a single supply chain,” explains Dr. Asoo Vakharia, McClatchy Professor and Director of the Supply Chain Management Center at the Warrington College of Business. As many states have started the process of reopening their economies, supply chain managers are faced with rethinking their supply chain networks. ” — Understanding risk management in the supply chain , Deloitte; Twitter: @DeloitteUS 4.

Supply Chain Management:A New Lens for Supply Chain Roadmaps

Infosys Supply Chain Management

Logistics and Distribution. Management Consulting. Application Management. Infrastructure Management. Sourcing & Procurement. Cloud & Big Data. Sourcing & Procurement. Talent Management. BigDataEdge – Insights Management. ProcureEdge – Sourcing & Procurement. SmartGridEdge – Smart Grid Management. TalentEdge – Talent Management. TradeEdge – Demand Chain Management.

New online insight hub revealed to increase intelligence resources for supply chain decision makers

EFT

Wherever you are involved in the supply chain ecosystem; as a manufacturing, retailer, logistics or tech solution provider, we can now house a far greater library of content than has previously been possible. Ultimately, the question is: Can the logistics infrastructure hold up? In this light, words such as supply chain risk management, sustainability, collaboration, resilience, agility and visibility have been used consistently over recent times – and now more than ever.

Supply Chain Management:SAP acquired Ariba, what does it mean.

Infosys Supply Chain Management

Logistics and Distribution. Management Consulting. Application Management. Infrastructure Management. Sourcing & Procurement. Cloud & Big Data. Sourcing & Procurement. Talent Management. BigDataEdge – Insights Management. ProcureEdge – Sourcing & Procurement. SmartGridEdge – Smart Grid Management. TalentEdge – Talent Management. TradeEdge – Demand Chain Management.

How to get more from an EAM Implementation - Infosys Blogs

Infosys Supply Chain Management

Logistics and Distribution. Management Consulting. Application Management. Infrastructure Management. Sourcing & Procurement. Cloud & Big Data. Sourcing & Procurement. Talent Management. BigDataEdge – Insights Management. ProcureEdge – Sourcing & Procurement. SmartGridEdge – Smart Grid Management. TalentEdge – Talent Management. TradeEdge – Demand Chain Management.