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 28, 2021

As I look at the financials, I question what the value could be if we got serious about innovation through new forms of analytics. For a gal like me, innovation is painfully slow. Companies are hanging their hats on marketing buzzwords, not innovation. Procurement Operates On An Island. The reason? Broad Strokes.

Supply Chain Planning Software 217

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Supply Chain Game Changer

APRIL 15, 2020

Digital Procurement article, and permission to publish here, provided by Sam Jenks at kodiakrating.com. Navigating the complexity of the global supply chain as a procurement professional can sometimes feel like taking a walk through the Amazon without a compass, or entering into outer space without an oxygen tank. Don’t Panic!

Procurement Solutions 90

Procurement Solutions Procurement Analytics Procurement Eliminating Excel in Purchasing 90

Supply Chain Shaman

NOVEMBER 11, 2020

This is true even though we are not clear on the definition of next-generation processes. Business leaders wrap the discussions in pretty platitudes like end-to-end supply chain management, control towers, and customer-centric supply chains, but most are hollow words without clear definitions. Then I talked with Rob, the Coupa CEO.

Supply Chain Design Software 297

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Supply Chain Game Changer

NOVEMBER 28, 2018

The complexity of global supply chains – especially in organizations like GM – require hands-on relationship management of suppliers to ensure that supplier collaboration will lead to added value, and innovation. Resources spent/gains made on the road to innovation are, therefore, sustained exclusively by the internal entity.

Innovation 59

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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

Logility

AUGUST 30, 2016

Yes, in the sense that continuous improvement is table stakes for company survival, but, no, in the sense that these improvements are by definition within the box. Innovation as Excellence. While better-faster-cheaper is an incremental improvement philosophy, “innovation” changes the game.

Agile and Lean Supply Chain 100

Agile and Lean Supply Chain Innovation Vendor Strategies Cost Reduction Strategies 100

Logility

AUGUST 30, 2016

Yes, in the sense that continuous improvement is table stakes for company survival, but, no, in the sense that these improvements are by definition within the box. Innovation as Excellence. While better-faster-cheaper is an incremental improvement philosophy, “innovation” changes the game.

Agile and Lean Supply Chain 100

Agile and Lean Supply Chain Innovation Vendor Strategies Cost Reduction Strategies 100

Requis

OCTOBER 13, 2022

By definition, net-carbon zero includes reducing the entire enterprise’s carbon footprint. C onsequently, carbon – management accounting associated with procurement is a challenge and require s rethinking supply chain operations. Globally, organizations are investing significant resources to become carbon neutral.

Resource Reduction 52

Resource Reduction Supply Chain Software Procurement Resources 52

Supply Chain Shaman

MARCH 12, 2019

The confusion starts when a supply chain leader states the need for improved visibility without a clear definition. In 2004-2006, Greg Aimi (now a Gartner analyst) and I worked on a common definition of visibility for over a year. Control tower , by definition, is similar. The focus of this post is to drive clarity. >

Prescriptive Analytics Software 173

Prescriptive Analytics Software Manufacturing Procurement Procurement Analytics Analytics Software 173

Supply Chain Shaman

DECEMBER 11, 2018

Fuzzy definitions. Supply chain innovation is slowly simmering in the face of radical disruption. Do you think that this definition could contain a few more references to digital?). Nope, my definition is one of many. The key point is to get clear on a definition for you. Woolly descriptions. Let’s reflect.

Supply Chain Planning Software 195

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Xeeva

MAY 6, 2019

During our discussion, we chatted about the impact of technology on the future of procurement, and how to prepare for these inevitable changes. XEEVA: As technology is evolving, procurement and supply chain are also evolving at a faster rate. CHARLOTTE: I think the whole role of procurement will change in the future.

Charlotte 66

Charlotte Procurement Supply Chain Planning Software Supply Chain Software 66

Supply Chain Game Changer

AUGUST 6, 2019

Hey Procurement! Procurement. And all of this is managed by Procurement personnel. In What Exactly is Procurement? Now also consider that companies can spend as much as 75% or more of their revenue on the Procurement of goods and services. Yet in many organizations Procurement is not considered strategic.

Optimal Sourcing 48

Optimal Sourcing Purchasing Skills Negotiating Skills Pricing Training 48

Supply Chain Game Changer

MAY 8, 2019

Hey Procurement! From one Procurement organization to the next, terminology differs. Procurement is a function, that is undergoing transformation; technologically and ideologically. Whatever the reason for the over-complication of procurement terminology, it has become a mess, and it’s time to make a change!

Procurement Solutions 50

Procurement Solutions Procurement Purchasing Training Negotiating Skills 50

Supply Chain Shaman

NOVEMBER 21, 2022

Definition of Confirmation Bias. So, I smile, catch my dinner partner’s eye and ask, “In our prior conversations, you mentioned the lack of clarity on the definition of supply chain excellence in your current deployments and how this is a barrier to implementing supply chain planning properly. Are the plans executed?

Supply Chain Planning Software 288

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Modeling 288

Supply Chain Shaman

SEPTEMBER 22, 2021

The supply chain investments of the last decade focused on improving black & white processes–order-to-cash and procure-to-pay. Business leaders force the CFO and IT organization to drive innovation to accelerate business results. Only 4% of manufacturing companies are innovators and 17% are early adopters.

Optimal Sourcing 217

Optimal Sourcing Analytics Software Procurement Analytics Supply Chain Planning Software 217

Supply Chain Game Changer

NOVEMBER 13, 2018

Check out What Exactly Is Procurement? There has been transformation in the Procurement function over the past decade. A Paradigm Shift in the Procurement Function. The Evolution of Procurement’s Value Proposition. Are we witnessing the dawn of a big shift in the way strategic procurement is done? Subscribe Here!

Manufacturing Procurement 73

Manufacturing Procurement Optimal Sourcing Procurement Analytics Cost Reduction Strategies 73

Jaggaer

MAY 12, 2020

In five to ten years, procurement in many of the world’s leading companies will be “truly digital”. They will have succeeded in transforming their procurement organizations to leverage artificial intelligence-based technologies to achieve autonomous procurement. Autonomous Procurement: The Reality versus the Hype.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Design Software Procurement Predictive Analytics Software 52

DELMIA Quintiq

JUNE 5, 2023

Defining the Digital Twin Let’s start with some definitions to make sure we have a common understanding of what we talked about. Core to this definition is the ability to simulate and evaluate different scenarios to select the best potential future outcome. Is it Attainable?” That’s why we call it virtual twin.”

Modeling Software 156

Modeling Software Predictive Analytics Software Supply Chain Design Software Modeling 156

Supply Chain Game Changer

NOVEMBER 7, 2019

Technology is applied when needed as a ‘proposition’, typically implemented with an expected result in mind, but often creating an output of impact in an organization- that can too render as disruptive or innovative to the initial digital state of the organization. Digitization vs. Digitalization. Source: Deloitte CPO Survey 2018.

Manufacturing Procurement 55

Manufacturing Procurement Procurement Solutions Optimal Sourcing Procurement 55

NC State SCRC

JULY 5, 2019

Procurement analytics, which supports decision making in procurement management, typically handles problems and decisions that are related to cost reduction, supplier management, cost modeling, procurement-led innovation, market strategies, supply chain risk, and stakeholder value improvement (Handfield, Jeong, and Choi 2019).

Procurement Analytics 40

Procurement Analytics Optimal Sourcing Analytics Software Procurement Solutions 40

Supply Chain Shaman

NOVEMBER 21, 2017

Innovative startups. Artificial Intelligence innovators. This transfer of ownership reduced the effectiveness of procurement. This includes the definition of spare part requirements, maintenance outages, and production planning. Innovation will never come from application consolidation. It is growing. The result?

Supply Chain Planning Software 152

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Supply Chain Game Changer

NOVEMBER 17, 2018

Argentus is a boutique recruitment firm focused on Supply Chain and Procurement. Check out Indirect Procurement – It’s Time to Rise and Shine! In the fast-changing world of strategic Procurement, certain categories of spend get all the thunder: IT Procurement gets to help drive a company’s innovation.

Optimal Sourcing 62

Optimal Sourcing Procurement Purchasing Skills Vendor Strategies 62

Supply Chain Shaman

NOVEMBER 8, 2017

This week, E2open announced a definitive agreement to acquire Zyme. The focus was on automating procurement. The historic buyer of the E2open solution is procurement. As shown in Figure 1, approximately 50% of procurement buyers report through supply chain organizations. Procurement does not equal supply chain.

Procurement Solutions 0

Procurement Solutions Supply Chain Planning Software Procurement Analytics Supply Chain Software 0

ivalua

FEBRUARY 4, 2020

When you think that many CPOs are looking to Supply Chain professionals in their organizations for data which will be used to make strategic decisions on AI, IOT, blockchain and contract automation, there is definitely a compelling reason to get this right. But it’s not easy. Source: 2019 Supply Chain Data Quality and Governance Study.

Data 130

Data Analytics Software Optimal Sourcing Supply Chain Software 130

HICX Solutions

AUGUST 11, 2021

SXM Webinar Series with Art of Procurement. In the first of a three-part Art of Procurement Live Webinar Series ‘Putting the Supplier Experience at the Forefront of Strategic Procurement’ in partnership with HICX, we focus on how to make the business case for Supplier Experience Management (SXM). .

Procurement Analytics 52

Procurement Analytics Optimal Sourcing Procurement Solutions Charlotte 52

SCMDOJO

JUNE 21, 2023

SCaaS offers a solution by enabling hospitals to engage in strategic procurement, ensuring standardized operations throughout the contract duration. Two fundamental questions arise: the definition of procurement outsourcing and the most efficient approach to its implementation.

Supply Chain Planning Software 89

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

The Logistics & Supply Chain Management Society

SEPTEMBER 14, 2021

Sustainability is definitely coming of age in Asia. In fact, IDC predicts that manufacturers across Asia who digitally transform and accelerate sustainable innovation to improve supply chain operations, will increase their revenue by 20 percent in 2025. AI and ML will take the supply chain to the next level.

Supply Chain Planning Software 223

Supply Chain Planning Software Supply Chain Software Modeling Software Forecasting Software 223

The Logistics of Logistics

SEPTEMBER 23, 2022

As a global conference, exhibition and networking experience, we attract some of the biggest oil and gas companies and top-performing engineering, procurement and construction firms, all groups who are eager to capitalize on the benefits of Breakbulk Americas and connect with new supply chain partners.

America 182

America North America Logistics Network Optimization Software Cargo 182

ThroughPut

JUNE 3, 2019

Whether it is access to data, maneuvering around competing innovation objectives, tracking down actual factory-floor operators, or involving oft-neglected procurement groups, there are internal bottlenecks everywhere.

Groups 60

Groups Innovation Supply Chain Planning Software Optimal Sourcing 60

Supply Chain Shaman

NOVEMBER 2, 2018

(Examples include alternate sourcing, bill of material changes or alternate modes/routing between the planning, procurement and transportation.) The groups of supply planning, procurement and logistics operate within silos. The industry does not have a common definition. History of E2open. Instead, they must be defined.

Supply Chain Planning Software 167

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Supply Chain Shaman

FEBRUARY 14, 2022

The industry considers the company a leader, but I know the dark side that internally, the IT processes squash innovation. When companies reward OEE in manufacturing and POV in procurement, companies will systemically make the wrong stuff. A definition that steers clears of non-descript buzz words and shiny objectes.)

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

Supply Chain Shaman

MARCH 3, 2018

Locate them in an innovation center, not a function. Challenge them to build new capabilities working with innovative technology leaders. The innovation you need today will not come from large consultants or technology companies. Innovate at the edge and bring it into the core. Phases of Digital Innovation.

Supply Chain Design Software 152

Supply Chain Design Software Manufacturing Procurement Network Design Software Supply Chain Planning Software 152

Supply Chain Shaman

APRIL 6, 2017

I believe that supply chain leaders are in the middle of step change in process innovation driven by not one, but a confluence of technologies. ” (And the definition of ‘good’ is positive comments.) Your suggestions and advice would definitely be helpful.” Driving Innovation.

Supply Chain Software 190

Supply Chain Software Supply Chain Planning Software Procurement Analytics Manufacturing Procurement 190

Requis

JANUARY 22, 2021

Wood has traditionally been seen as an engineering, procurement and construction (EPC) group. It definitely will. What do you see as innovative or disruptive in that space going forward? Discover more about Wood PLC > The post Podcast: Digital Solutions Innovator Philip Black appeared first on Requis.

Supply Chain Design Software 52

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Supply Chain Shaman

JUNE 23, 2020

The supply chain planning vendor faces the innovators’ dilemma. Automating the current platform of a conventionally-held definition of planning is insufficient because the design of the planning platform– in the face of the pandemic –is quickly becoming outdated. Procurement and transportation operated as islands.

Supply Chain Design Software 283

Supply Chain Design Software Supply Chain Planning Software Analytics Software Optimization Software 283

LevaData

NOVEMBER 9, 2021

So, when it comes to supply chain management, specifically with sourcing and procurement, have we seen the survival of the fittest playing out here? In all these cases, we saw that those who moved quickly from pandemic triage to customer-centric innovation not only survived but thrived. In short, yes. What's Most Important?

Agile and Lean Supply Chain 71

Agile and Lean Supply Chain Supply Chain Software Supply Chain Innovation 71