Supply Chain Shaman

SEPTEMBER 22, 2022

While sometimes, I feel like the old lady in the room (many of my contacts are no longer active in the industry), the reception of the content by new supply chain leaders is positive, so I go on even though gray hair penetrates my hairline. ” Let’s start with a definition. Procurement/Buyers Workbench.

Supply Chain Planning Software 405

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Modeling 405

Supply Chain Shaman

JULY 13, 2023

No one knows, but in my discussions, business leaders agree that Artificial Intelligence (AI) is here, and the projected impact on supply chain technology looms large sending the industry into very different gyrations. The industry first started speaking of digital in 2012, but today, it is still an amorphous concept. (My What Is AI?

Optimal Sourcing 326

Optimal Sourcing Supply Chain Planning Software Modeling Supply Chain Planning 326

Unleashed

FEBRUARY 14, 2024

Step 1: Raw materials procurement One of the first activities of a manufacturing business is to obtain the raw materials needed to produce a finished good. Finished goods inventory management software features Finished goods inventory software comes in many forms, with different features for various applications and industries.

Inventory Reduction 52

Inventory Reduction Inventory Manufacturing Procurement Inventory Management Software 52

Precoro

DECEMBER 28, 2023

Read about a venture capital studio that implemented procurement software to manage purchases for 10 portfolio companies in addition to their own. The fund also invests in emerging brands (below $5M in revenue) who are looking for capital and industry expertise to accelerate their performance.

Procurement Solutions 105

Procurement Solutions Procurement Analytics Supply Chain Planning Software Supply Chain Software 105

Supply Chain Shaman

APRIL 26, 2022

In this blog, I start with a background on the definition of supply chain taxonomies–those that are the basis of reporting in something like the Gartner Magic Quandrant. I question why companies accept existing taxonomies as a given and challenge bright data scientists to only improve engine outputs within the current definitions.

Manufacturing Procurement 217

Manufacturing Procurement Optimal Sourcing Supply Chain Planning Software Procurement Analytics 217

SCMDOJO

APRIL 26, 2023

Category management is a procurement strategy that involves grouping similar products or services together into categories and managing them as a single unit. This approach can help organizations streamline their procurement processes, negotiate better deals with suppliers, and ultimately save money.

Procurement Solutions 76

Procurement Solutions Manufacturing Procurement Procurement Analytics Optimal Sourcing 76

Proxima

NOVEMBER 7, 2023

Simon Geale recently sat down with Kodiak Hub to record Feature Frontier, a 20-minute dive into a few things procurement but in particular the importance of supplier collaboration. Collaboration must be up there as one of the most frequently used words in event agendas or strategy presentations in procurement circles.

Optimal Sourcing 59

Optimal Sourcing Procurement Supply Chain Planning Software Supply Chain Network Software 59

Unleashed

AUGUST 20, 2023

There are many definitions for lead time in supply chain management. It includes everything from the procurement of raw materials to production, inventory management, and shipping. These determinants can vary depending on the specific industry, company practices, and external circumstances. Let’s break down the most common ones.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Sourcing Strategies Procurement Analytics 52

SCMDOJO

DECEMBER 11, 2023

In the realm of efficient procurement management, understanding the various types of procurement reports becomes paramount. These reports serve as navigational tools, offering insights into different facets of the procurement process.

Procurement Analytics 16

Procurement Analytics Optimal Sourcing Procurement Solutions Material Savings 16

Silvon Software

APRIL 19, 2022

Procurement is one core process area being focused to better manage today’s fluctuating change, with key performance metrics leading the way to assessing and managing procurement performance. The Basics of Procurement KPIs. Download Silvon’s Definitive Guide to KPIs : Concepts, Best Practices & More. Supplier KPIs.

Optimal Sourcing 113

Optimal Sourcing Procurement Analytics Manufacturing Procurement Negotiate Pricing 113

SCMDOJO

JUNE 21, 2023

While implementing SCaaS poses challenges, it has demonstrated its effectiveness across industries, fostering company growth, cost reduction, and leveraging cutting-edge technology. SCaaS offers a solution by enabling hospitals to engage in strategic procurement, ensuring standardized operations throughout the contract duration.

Supply Chain Planning Software 89

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Optimal Sourcing 89

Supply Chain Shaman

JANUARY 2, 2023

Definition. I find that in the industry, sometimes the basics get lost. Definitions of Planning Horizons. While the term demand sensing is used with abandonment in the industry (often over-used), it is seldom clearly defined. Don’t fall prey to discussions that are not grounded in the basic definitions.

Supply and Demand 358

Supply and Demand Modeling Demand Planning Supply Chain Planning Software 358

Supply Chain Shaman

JANUARY 25, 2024

My definition of a network is the bi-directional information exchange of manufacturing, procurement, quality, and transportation signals across multiple tiers of trading partners in a many-to-many trading partner information exchange with minimal latency. Electronic Data Interchange (EDI) does not meet this definition.

Supply Chain Network Software 264

Supply Chain Network Software Manufacturing Procurement Inventory Reduction Purchasing Skills 264

Precoro

OCTOBER 24, 2022

Procurement is a complex and dynamic process involving strategic planning and several stages of execution, from sourcing to paying and reporting. Supply chain management, purchase requisitions and orders, budget management, and three-way matching – all these processes are integral to procurement as a whole. Lack of Transparency.

Procurement Solutions 98

Procurement Solutions Procurement Analytics Analytics Software Sourcing Strategies 98

Supply Chain Shaman

SEPTEMBER 27, 2021

The problem with supplier visibility is bookended into procurement processes that have gone back, not forward over the last decade. Procurement processes–encumbered by a focus on paperless processing, RFPs/RFQs, and efficient procurement–do not embrace the capabilities and requirements of direct material sourcing.

Supply Chain Planning Software 321

Supply Chain Planning Software Sourcing Strategies Manufacturing Procurement Supply Chain Design Software 321

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

Supply Chain Game Changer

JULY 14, 2021

Featuring Our 12 Best Procurement Articles! Procurement and Sustainability are your business’ Yin and Yang. Procurement and Sustainability are two disciplines and business functions that exist in a perfectly harmonious contradiction. Procurement is fundamentally centered around the act of acquisition and/or buying.

Optimal Sourcing 98

Optimal Sourcing Procurement Sustainability Material Savings 98

Unleashed

JULY 25, 2023

The optimal inventory turnover ratio for your business will largely depend on the industry you’re in and the size of your business. However, most industries view a good inventory turnover ratio as between 5–10 which strikes a nice balance between having enough inventory on hand to meet customer demand without the need for frequent reordering.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Price Reduction 52

Supply Chain Game Changer

JANUARY 21, 2020

Procurement language article originally published by, and permission to publish here provided by, Sam Jenks at kodiakrating.com. From one Procurement organization to the next, terminology differs. Procurement is a function, that is undergoing transformation; technologically and ideologically. Subscribe Here! Email Address.

Procurement Solutions 87

Procurement Solutions Procurement Purchasing Training Negotiating Skills 87

Supply Chain Shaman

FEBRUARY 1, 2024

I will share insights as we go along) The Word Salad Shuffle In the industry, I feel that there is a lot of word salad–consultants and technologists spinning words with little meaning to drive leads. Definitions Before we move to the discussion of the actions to take, let’s get clear on some definitions.

Supply Chain Planning Software 330

Supply Chain Planning Software Optimal Sourcing Manufacturing Procurement Waste Reduction 330

Supply Chain Shaman

NOVEMBER 11, 2020

As an industry, we struggle to embrace new ways of thinking. This is true even though we are not clear on the definition of next-generation processes. Founded in 2000 by a group Global Process Industries, Elemica is a Supply Chain Operating Network enabling business-to-business commerce primarily in the chemical and rubber industries.

Supply Chain Design Software 297

Supply Chain Design Software Procurement Solutions Manufacturing Procurement Supply Chain Planning Software 297

HICX Solutions

AUGUST 18, 2022

For this episode of Supplier Experience Live by HICX, we were joined by Nick Ralphs to discuss modern procurement. Based in Glasgow, UK, Nick is a Director of NJR Procurement , an organization focused on ‘Increasing Value and Managing Risk in Purchasing and Supply Chains.’ Trends and Challenges in Procurement.

Procurement Solutions 52

Procurement Solutions Procurement Buyer Training Supply Chain Software 52

Supply Chain Shaman

FEBRUARY 28, 2021

The industry is stuck in traditional paradigms resulting in many gaps: Lost Opportunity. Procurement Operates On An Island. Business process outsourcing and procurement automation evolved to make the procurement organization more efficient and less effective. Creating Meaningful Conversations. The reason? Broad Strokes.

Supply Chain Planning Software 359

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Analytics Software 359

Supply Chain Matters

JULY 19, 2023

Industry Supply Chain Implications As our Supply Chain Matters commentaries have highlighted over the past three years, increased trade and other geo-political tensions among the U.S. and China continue, especially concerning deemed key strategic industries, commodities and industry supply networks. All rights reserved.

China 52

China Manufacturing Procurement Supply Chain Strategy Cost Reduction Strategies 52

Supply Chain Shaman

JUNE 1, 2022

I work with a group that has a sub-team focused on cost, one on customer service, and one on inventory, but lack alignment on a standard definition of supply chain excellence. On average, industries carry 38 more days of inventory than in 2007. As an industry, we are not learning from leaders. Days of Inventory Shifts.

Supply Chain Planning Software 195

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Scenario Planning 195

HICX Solutions

MAY 18, 2023

Director Corporate Technology – Procurement Domain Lead at Johnson & Johnson looked at demystifying the topic of supplier portal strategy. Therefore, in the past, we might have talked about a massive supplier portal strategy to cover all Procurement needs as a solution to this.

Sourcing Strategies 52

Sourcing Strategies Supply Chain Strategy Strategy Price Mitigation Strategies 52

Supply Chain Shaman

OCTOBER 13, 2022

In both cases, there is a clear definition of “winning.” The gap between logistics and procurement; and logistics and customer service increases process latency. Traditional definitions of planning are not sufficient. In the industry, there is not one consistent definition. The reason? Closed Loop.

Supply Chain Planning Software 217

Supply Chain Planning Software Modeling Supply and Demand Supply Chain Software 217

Supply Chain Game Changer

MARCH 18, 2021

Procurement teams article and permission to publish here provided by Sam Jenks. Procurement is a function that has long been at cross-roads; dare to transform within people, process & technology, or keep doing what has always worked just fine. Procurement practitioners are hard-wired to avoid risk and secure profit/cost gains.

Eliminating Excel in Purchasing 61

Eliminating Excel in Purchasing Optimal Sourcing Procurement Solutions Procurement 61

HICX Solutions

FEBRUARY 17, 2022

Peter is a former Senior Strategic Procurement Manager at Air Canada , who, after more than 25 years at the organization, has a wealth of experience in areas including strategic sourcing, category management and supplier management. How Procurement and Supply Chain in aviation industry changed over the years.

Optimal Sourcing 52

Optimal Sourcing Procurement Canada Sourcing Strategies 52

Logistics Viewpoints

AUGUST 15, 2022

GEP and the North Carolina State University (NCSU) Supply Chain Resource Cooperative surveyed supply chain, procurement and IT professionals across a range of industries to gain insight into their priorities and strategies regarding supply chain resilience and optimization. Alex Zhong, Director Product Marketing at GEP.

Supply Chain Network Software 218

Supply Chain Network Software Manufacturing Procurement Procurement Analytics Optimal Sourcing 218

Supply Chain Shaman

APRIL 9, 2021

” This lack of definition limited the success of planning technologies. Belief in efficient procurement. Investment in indirect procurement hi-jacked investment in building value networks. Over the decade, procurement became more of an island. Mistake #5. For example, the semiconductor shortage is a current issue.

Supply Chain Planning Software 357

Supply Chain Planning Software Procurement Analytics Supply Chain Performance Manufacturing Procurement 357

Supply Chain Game Changer

NOVEMBER 27, 2018

Argentus is a boutique recruitment firm focused on Supply Chain and Procurement. Check out What Exactly Is Procurement? We thought we’d take it upon ourselves to do a summary-style Infographic that highlights some of the core differences between what’s considered “Purchasing” and what’s considered “Procurement.”

Purchasing Skills 68

Purchasing Skills Procurement SCM Comparison 68

Supply Chain Shaman

SEPTEMBER 28, 2022

Definition: “Someone’s efforts, resolve, or viability are tested; things are meaningfully challenging. In this volatile world, efficient procurement led by a CFO is not the answer. Ford, historically has been an industry laggard in the automotive sector and, with this focus, will continue to be a laggard in the future.

Manufacturing Procurement 195

Manufacturing Procurement Supply Chain Design Software Network Design Software Supply Chain Planning Software 195

HICX Solutions

NOVEMBER 10, 2022

David describes himself as a ‘pracademic,’ or practitioner academic, having held various global CPO roles across a number of industries, including retail, FMCG, pharmaceuticals, aerospace and defense, manufacturing, and banking. Adoption challenges and future of Procurement. An alternative approach to digital transformation.

Supply Chain Planning Software 52

Supply Chain Planning Software Manufacturing Procurement Pharmaceutical Procurement 52

ThroughPut

MAY 5, 2020

Today’s global supply chains are an interconnected network of multi-site suppliers, manufacturers, distributors, and retailers that stretch across industries and geographies. Procurement costs. The post Supply Chain Costs: A Definitive Guide for Manufacturers appeared first on ThroughPut. Investment costs.

Cost Reduction Strategies 64

Cost Reduction Strategies Manufacturing Procurement Inventory Reduction Negotiating Skills 64

Supply Chain Shaman

JUNE 10, 2021

SAP, the market share leader for supply chain management, lags the industry in delivering decision support and network capabilities for supply chain leaders. The EDI Vans lack multi-tier process canonical (agreed multi-party definitions). We cannot confuse data sharing with the process definition. Value Network Focus.

SAP 219

SAP Supply Chain Network Software Supply Chain Design Software Supply Chain Planning Software 219

GlobalTranz

NOVEMBER 9, 2016

In place of long paper trails and maintenance schedules, machines with the capacity to communicate their needs and issues via the industrial Internet of Things (IoT) are becoming an essential component of effective processes. These systems, such as the Cerasis Rater, are becoming more common in the industry. Where Do We Stand Today?

Internet of things 246

Internet of things Manufacturing Procurement Supply Chain Software Logistics Network Optimization Software 246