Precoro

SEPTEMBER 6, 2021

This month, we continue our Procurement Basics series and would like to introduce our readers to yet another set of often misused business terminology. As both sourcing and procurement are related to obtaining supplies for the organization, confusing these two terms is easy. Procurement. Contains fewer steps.

Optimal Sourcing 97

Optimal Sourcing Manufacturing Procurement Purchasing Skills Procurement Solutions 97

SYSPRO Smarter ERP

MARCH 31, 2022

Responding to global disruptions. With digital technologies, organisations can use data to maximise visibility into demand, inventory, capacity, supply, and finances. Shorter supply chains with more local sourcing if possible are now becoming preferable because the more links in the chain, the more potential for a weak link.

Manufacturing Procurement 105

Manufacturing Procurement Supply Chain Disruption Supply Chain Design Software Supply Chain Planning Software 105

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

The Approach to Effective Freight Procurement by LSCMS Shippers’ Council Container shipping procurement faces a multitude of challenges shaped by global events, industry shifts, environmental mandates, and technological advancements. At the heart of it all, an effective procurement strategy remains paramount.

Optimal Sourcing 130

Optimal Sourcing Procurement Sourcing Strategies Freight 130

Supply Chain Shaman

APRIL 18, 2023

In March 2023, the Global Supply Chain Pressure Index fell to the lowest level since November 2008. While many might clap their hands and exclaim the end of three-years of unprecedented supply chain disruption, I say, “Not so fast.” Over the past three years, supply chain cycles shifted.

Supply Chain Planning Software 408

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 408

ivalua

JANUARY 31, 2022

Last week, Ivalua partnered with Ardent Partners to discuss Procurement 2022: Big Trends and Predictions. . Procurement 2022: Big Trends and Predictions. #1. Enterprises will continue to undergo the financial burden of revenue disruptions, consumer , and uncontrolled supply chain variables. . View Webinar Replay.

Predictive Analytics Software 130

Predictive Analytics Software Optimal Sourcing Procurement Sourcing Strategies 130

ivalua

OCTOBER 17, 2022

Ivalua, a global leader in spend management, today announced that it has been selected by Swedish steel manufacturer SSAB to further improve the efficiency of its procurement processes and uphold and strengthen supply chain risk management thanks to Ivalua’s Source-to-Contract (S2C) solution. Follow us at @Ivalua.

Optimal Sourcing 130

Optimal Sourcing Manufacturing Procurement Sourcing Strategies Supply Chain Optimization 130

LevaData

JANUARY 12, 2022

Anyone who has spent any amount of time in the supply chain profession is well experienced in dealing with constant changes. Supply chain disruptions are, after all, an unavoidable part of the territory. Making the Most of Supply Chain Disruptions. Don’t Be So Quick to Say Goodbye.

Supply Chain Disruption 80

Supply Chain Disruption Supply Chain Software Agile and Lean Supply Chain Supply Chain Strategy 80

Logistics Viewpoints

APRIL 8, 2024

These solutions use natural language processing, for example, to read online publications and other data sources, make sense of what they read, contextualize the data into information, and report supply chain disruptions caused by weather, geopolitical events and other hazards in near real-time.

Supply Chain Software 231

Supply Chain Software Supply Chain Manufacturing Procurement Predictive Analytics Software 231

Precoro

AUGUST 14, 2023

More and more companies are acknowledging the importance of centralizing and optimizing their procurement operations. One of the ways to accomplish this is to establish a procurement team to streamline ordering by centralizing purchases and improving supplier relations. What are the duties of a procurement manager?

Negotiating Skills 98

Negotiating Skills Purchasing Skills Buyer Training Procurement Solutions 98

Procurement Academy

OCTOBER 19, 2023

A generic approach to training is not the solution to the increasing range of challenges facing procurement teams. This means that skills enhancement across wider roles is required for procurement professionals, with a focus on role-specific learning.

Buyer Training 52

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ivalua

APRIL 13, 2021

In part 1 of this blog I looked at how procurement can actually create new revenue opportunities. Here I’ll take a look at two other ways that procurement can help support growth. Incentivize procurement w/performance goals & KPIs that encourage supplier collaboration to drive meaningful changes in behavior.

Procurement Solutions 130

Procurement Solutions Procurement Sourcing Strategies Resource Reduction 130

Gravity Supply Chain

FEBRUARY 21, 2020

Sourcing: Mitigate risk during periods of supply chain disruption, such as those caused by the Coronavirus outbreak, by using digital technology. . The post Sourcing – What You Need To Know About Coronavirus Supply Chain Disruption appeared first on Gravity Supply Chain.

Supply Chain Disruption 52

Supply Chain Disruption Optimal Sourcing Manufacturing Procurement Purchasing Skills 52

ivalua

NOVEMBER 25, 2020

In August 2020 Gartner published this report “4 Tactics Procurement Can Use to Sustain Influence as Economic Conditions Improve” This blog summarizes the key points of the report which you can read in full, here. Procurement Teams Step-up. When Covid-19 hit, supply chains across the globe nearly came to a halt.

Optimal Sourcing 130

Optimal Sourcing Procurement Gartner Agile and Lean Supply Chain 130

ivalua

DECEMBER 14, 2020

What we learned about agility and resilience can be applied to future-proof the source-to-pay (S2P) process and help organizations meet any new challenge with confidence. The job of sourcing professionals is to understand the risk in the supply chain and manage it so they can react quickly when a problem occurs.”

Procurement Solutions 130

Procurement Solutions Optimal Sourcing Manufacturing Procurement Optimization Software 130

Logility

AUGUST 23, 2021

The goal of supply optimization is minimizing total supply costs while meeting demand requirements. Success in this area requires the ability to fulfill market demand through dynamic sourcing, flexible production and manufacturing plans, low distribution costs, and short lead times. Operationalizing Data Makes a Difference.

Supply Chain Software 130

Supply Chain Software Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software 130

BlueYonder

OCTOBER 4, 2022

Supply Chain Disruption. In a series of blog articles, the Product/Solution Marketing team explores innovative solutions to guard against supply chain disruptions. Unfortunately, what we’re seeing in China may be only the beginning of a new era of supply chain disruption driven by climate change.

Optimal Sourcing 83

Optimal Sourcing Supply Chain Planning Software Sourcing Modeling 83

ivalua

OCTOBER 24, 2019

Alex Saric, Smart Procurement Expert, Ivalua. Supply Chain Managers today have never been so reliant on suppliers to deliver goods and services to customers. Globalisation has made is much easier for UK businesses to trade across borders, allowing access to lower cost sources of supply and new markets.

North Korea 100

North Korea Procurement Supply Chain Planning Supply Chain 100

Taulia

DECEMBER 2, 2021

Ethical sourcing is one solution for improving a business’ environmental footprint. What is ethical sourcing? Ethical sourcing is a responsible approach to supply chain management that involves sourcing products and raw materials from businesses that comply with certain sustainable practices and legal requirements.

Sourcing Strategies 98

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Resilinc

MARCH 26, 2024

This engine leverages AI to identify how a supplier will perform by analyzing past events and on-time delivery data. Real Use Case for AI Regression Models in Supply Chain Risk Management Let’s take, for example, a typhoon hitting the coast of China and see how our engine can help. How does Resilinc use time series forecasting?

Modeling 106

Modeling Supply Chain Risk Management Modeling Software Risk Management 106

AFFLINK

AUGUST 17, 2022

The purpose of any supply chain is to get materials from the point of origin to the place of need as quickly and inefficiently as possible. In today's market — now pockmarked by erratic supply chain disruptions — fulfillment is easier said than done.

Manufacturing Procurement 62

Manufacturing Procurement Supply Chain Software Optimal Sourcing Demand Planning Software 62

Supply Chain Matters

JULY 6, 2022

During this unprecedented period of non-stop global supply chain disruption, the Supply Chain Matters blog provides readers with additional industry specific examples, along with their implications. © Copyright 2022, The Ferrari Consulting and Research Group and the Supply Chain Matters® blog.

Supply Chain Disruption 52

Supply Chain Disruption Inventory Reduction Examples Supply Chain Strategy 52

ivalua

APRIL 27, 2023

A recent webinar hosted by Supply Chain Now, “Balancing Cost, Risk and Sustainability in the Midst of Uncertainty, ” took an in-depth look on what it takes to transform Procurement into a highly efficient function that supports these key initiatives. She also explained how Ivalua was instrumental in making that happen.

Optimal Sourcing 130

Optimal Sourcing Sourcing Strategies Supply Chain Design Software Supply Chain Planning Software 130

ivalua

APRIL 27, 2023

A recent webinar hosted by Supply Chain Now, “Balancing Cost, Risk and Sustainability in the Midst of Uncertainty, ” took an in-depth look on what it takes to transform Procurement into a highly efficient function that supports these key initiatives. She also explained how Ivalua was instrumental in making that happen.

Cost Reduction Strategies 130

Cost Reduction Strategies Sustainability Optimal Sourcing Sourcing Strategies 130

Supply Chain Matters

JUNE 24, 2022

In this Supply Chain Matters posting, we highlight a published analysis from the Federal Reserve Bank of San Francisco quantifying the effects of supply chain disruptions have had on the existing U.S. © Copyright 2022, The Ferrari Consulting and Research Group and the Supply Chain Matters® blog.

Supply Chain Disruption 52

Supply Chain Disruption San Francisco Supply Chain Strategy Supply and Demand 52

GlobalTranz

APRIL 30, 2021

To reduce the risk of supply chain disruption , shippers need to know what it means for their operation going into the start of May and how to use the right services to find available capacity before the CVSA roadcheck storm arrives. Mitigate Supply Chain Disruption during the CVSA Roadcheck by Partnering With The Right 3PL.

Resource Reduction 297

Resource Reduction Waste Reduction Capacity Supply Chain Design Software 297

HICX Solutions

JANUARY 13, 2023

In this episode of Supplier Experience Live Podcast from HICX, we welcomed Canda Rozier , a Procurement Evangelist and Consultant. She also often contributes to sourcing industry publications, speaks at procurement conferences and events globally and is winner of the 2019 Sourcing Star Award of the SIG Future of Sourcing Award.

Procurement Solutions 52

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Supply Chain Matters

JULY 18, 2023

Supply Chain Matters highlights a published report indicating that PC maker Hewlett Packard is modifying supply sourcing akin to China Plus and nearshoring sourcing actions. That would include alternatives to China under the umbrella of either China Plus or de-risking sourcing changes.

Sourcing Strategies 52

Sourcing Strategies Inventory Reduction Manufacturing Procurement Supply Chain Strategy 52

ivalua

JUNE 1, 2022

Sajid Kunnummal, Vice President and CPO at Navistar, was interviewed by Philip Ideson from Art of Procurement to discuss the impact of the Covid-19 pandemic on Procurement. When the crisis hit, Procurement as a function was suddenly in the hot seat, and it became the driving force for business continuity.

Supply Chain Planning Software 130

Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Software Manufacturing Procurement 130

Precoro

MARCH 31, 2023

March 21 was the second annual iteration of World Sustainable Procurement Day , an online event organized by the Sustainable Procurement Pledge team, SPP Chapters, SPP Champions, and partners to raise awareness about the importance of ethical procurement and to share the best sustainability practices with organizations worldwide.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Manufacturing Procurement Procurement Solutions 52

Logistics Viewpoints

APRIL 3, 2023

Aera is using data crawlers to crawl across billions of rows of transactional data on a monthly basis. This is combined with data from external sources on weather, logistics lead times, and sustainability performance. They are designed to have minimal impact on the performance of the underlying source systems.

Supply Chain Planning Software 253

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Planning 253

EC Sourcing Group

NOVEMBER 8, 2023

The procurement world is on the brink of a new era. These innovations aren’t just upgrades—they are game-changers, reshaping the procurement landscape and setting the bar for what’s possible. The efficiencies and accuracies gained today lay the groundwork for more strategic and informed procurement decisions tomorrow.

Optimal Sourcing 52

Optimal Sourcing Analytics Software Optimization Software Sourcing Strategies 52

Enterra Insights

OCTOBER 26, 2023

I’m not implying that efficiency no longer matters — it obviously does — but a disrupted supply chain can’t be efficient. According to analysts from the Boston Consulting Group (BCG), supply chain disruptions are likely to outpace resilience.”[1] Here’s the rub.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Gartner 130

Logility

APRIL 29, 2021

As global supply chains and procurement scrutiny become more and more complex, risks increase and the range of stakeholders who demand a compliant supply chain has increased from simply regulators to investors, providers, partners, consumers, and the media. Make sure all your data is accurate and timely.

Optimal Sourcing 203

Optimal Sourcing Supply Chain Planning Software Sourcing Strategies Supply Chain Optimization 203

Logility

OCTOBER 21, 2021

In light of both compliance standards and consumer preferences, non-sustainable supply chains create business risks, including higher chances for reputational damage and supply chain disruptions due to ecological collapses or international embargos. Avoid supply chain disruptions.

Optimal Sourcing 209

Optimal Sourcing Sustainability Supply Chain Planning Software Supply Chain Optimization 209

ivalua

JULY 21, 2021

The partnership accelerates procurement digital transformation with Ivalua. REV Group embarked on its sourcing and procurement transformation earlier this year, which included four appointments to REV’s global sourcing and supply chain team, representing the Fire & Emergency, Commercial and Recreation segments.

Sourcing Strategies 130

Sourcing Strategies Optimal Sourcing Supply Chain Design Software Groups 130

NC State SCRC

MAY 30, 2022

A new study that the SCRC published with GEP examines the increasing pressure that supply chain executives are getting when it comes to responding to supply chain disruptions. In this study, we explore the primary forms of misalignment that exist between supply chain and procurement executives. (We

Supply Chain Execution 98

Supply Chain Execution Procurement Analytics Procurement Solutions Optimal Sourcing 98

SCMDOJO

OCTOBER 27, 2023

Supplier negotiation is the most critical skill in the world of procurement. It requires an in-depth knowledge of procurement processes to be able to bring the supplier on a mutual agreement. The following are common types of negotiation in procurement: 1. These risks may include supply chain disruptions and quality issues.

Negotiate Pricing 91

Negotiate Pricing Negotiating Skills Pricing Training Purchasing Training 91