Supply Chain Shaman

NOVEMBER 15, 2023

When deploying enterprise decision support applications, there are many implementations and lots of hype but few clear and consistent definitions. When he speaks of the supply chain, he means procurement. We can never have great discussions unless we are clear on definitions. What do they have in common? This is his world.

Supply Chain Planning Software 386

Supply Chain Planning Software Optimal Sourcing Modeling Forecasting Software 386

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 are the products that are ready for sale to your customers. These raw materials can be purchased from suppliers or extracted from natural resources.

Inventory Reduction 52

Inventory Reduction Inventory Manufacturing Procurement Inventory Management Software 52

Unleashed

FEBRUARY 12, 2024

Ordering costs: Also known as setup costs or procurement costs, ordering costs are the expenses incurred by a business each time it places an order for inventory or materials from suppliers. These costs are associated with the process of initiating and managing orders and include various activities and expenses related to purchasing goods.

Inventory Reduction 52

Inventory Reduction Purchasing Skills Cost Reduction Strategies Negotiating Skills 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

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. For customers, it can mean the time it takes to receive an order after they have purchased it. Here are a few of the most useful ones.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Sourcing Strategies Procurement Analytics 52

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

Supply Chain Game Changer

NOVEMBER 13, 2018

Yet all of the functions that we now associate with Supply Chain have been around for a very long time: Planning, Inventory Management, Logistics, Procurement and Purchasing, Warehousing and many more. So what exactly is the definition of “Supply Chain Management”? And one more definition for good measure: 11.

Supply Chain Design Software 72

Supply Chain Design Software Supply Chain Planning Software Manufacturing Procurement Optimal Sourcing 72

Unleashed

JUNE 1, 2023

Perpetual inventory system definition A perpetual inventory system centralises your inventory data and tracks your inventory in real-time to give you a precise inventory count instantaneously. The real-time updates facilitate greater inventory control enabling you to manage and minimise procurement and inventory holding costs.

Inventory Management Software 52

Inventory Management Software Forecasting Software Demand Planning Software Optimization Software 52

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

Precoro

APRIL 6, 2022

If you're reading this now, then you’ve probably noticed how outdated traditional procurement systems recede into the past and are replaced by new modern solutions. What is Cloud Procurement? Let's start with a quick definition of cloud computing. Three Categories of Cloud Procurement.

Procurement Solutions 98

Procurement Solutions Procurement Analytics Modeling Software Analytics Software 98

ivalua

MAY 11, 2021

Risk management, cost reduction and digital transformation — these are the three top priorities for procurement organisations in the Middle East today, according to a global survey conducted by Ivalua’s global partner PwC. According to Dr. El-Jawahari, procurement’s priorities have shifted in the Middle East since the pandemic’s onset.

Optimal Sourcing 130

Optimal Sourcing Manufacturing Procurement Procurement Solutions Procurement Analytics 130

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

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

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

ivalua

NOVEMBER 14, 2019

Accurate supplier master data (SMD) is essential for procure-to-pay (P2P) automation, accuracy and analytics, but connecting data to users and systems sometimes gets bumpy. To cover your full master data needs, Procurement should work with all internal stakeholders to map out the supplier lifecycle from end to end. That’s significant.

Optimal Sourcing 113

Optimal Sourcing Optimization Software Modeling Optimization Modeling 113

Supply Chain Shaman

JUNE 9, 2023

Each box has an optimizer that drives output from a model based on a functional definition using enterprise data. With the rise of logistics and procurement constraints, an analysis of only manufacturing does not yield a feasible plan. MRP Alone Is Not Sufficient for Procurement. I term this bi-directional orchestration.

Optimal Sourcing 299

Optimal Sourcing Supply Chain Planning Software Supply and Demand Supply Chain Design Software 299

Unleashed

JULY 25, 2023

Automate purchasing Automated purchasing will maximise efficiencies by speeding up your procurement processes. Reviewing your supply chain processes helps uncover and eradicate bottlenecks and inefficiencies to improve your sales, profits, and overall margins.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Price Reduction 52

Procurement Academy

AUGUST 17, 2021

For those of us working in the field of supply chain and procurement education, it’s an open secret. But the same is most emphatically not true of supply chain and procurement. Business schools and conventional approaches to supply chain and procurement education struggle to keep pace with all this change.

Buyer Training 93

Buyer Training Supply Chain Design Software Supply Chain Planning Software Supply Chain Software 93

Supply Chain Shaman

MARCH 21, 2024

The class discovers the current blackholes of the supply chain (direct procurement and contract manufacturing. The students learn that there is no definition of end-to-end planning because the current taxonomies for modeling are fragmented. Clear charters and definitions matter. Value may be in conflict with other teams.

Inventory Reduction 389

Inventory Reduction Supply Chain Planning Software Cost Reduction Strategies Supply Chain Design Software 389

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 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

APRIL 18, 2023

Challenges Traditional definitions of supply chain excellence focus myopically on cost but are too slow in making decisions in inflationary periods. In the face of variability, this is two-to-six weeks too long to make allocation or procurement decisions. United States Inflation Rates and GDP Inflation is the highest in forty years.

Supply Chain Planning Software 374

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 374

Supply Chain Shaman

FEBRUARY 28, 2021

Procurement Operates On An Island. Business process outsourcing and procurement automation evolved to make the procurement organization more efficient and less effective. Success happens when the right question is aligned to the right analytical technique with a clear definition of what makes a better decision.

Supply Chain Planning Software 359

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

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. Digital Transformation.

Supply Chain Planning Software 217

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

Supply Chain Shaman

FEBRUARY 1, 2024

Definitions Before we move to the discussion of the actions to take, let’s get clear on some definitions. Use this data as an input to safety stock calculations, procurement decisions, and production planning. I don’t think companies hold themselves accountable enough for the waste created by word salad.

Supply Chain Planning Software 330

Supply Chain Planning Software Optimal Sourcing Manufacturing Procurement Waste Reduction 330

EC Sourcing Group

OCTOBER 12, 2021

Finding the right procurement optimization solutio n is imperative to keep your entire procurement management process running smoothly throughout the supply chain. Procurement Optimization Solutions : What Does Strategic Sourcing Mean? Procurement Optimization Solutions: The Best Strategic Sourcing Software.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Negotiating Skills Supply Chain Optimization 52

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.

Supply Chain Planning Software 357

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

GlobalTranz

SEPTEMBER 12, 2016

Many different terms, such as less-than-truckload (LTL), procurement and transportation management, describe supply chain management processes. Although procurement logistics might sound like it involves the purchasing of manufactured products , it is much more involved. The Definition of Procurement Logistics.

Manufacturing Procurement 120

Manufacturing Procurement Optimal Sourcing Procurement Solutions Procurement Analytics 120

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

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

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

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

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

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. Procurement solutions are often updated with purchased information.

Supply Chain Network Software 218

Supply Chain Network Software Manufacturing Procurement Procurement Analytics Optimal Sourcing 218

HICX Solutions

NOVEMBER 10, 2022

With David we discussed: An alternative approach to digital transformation Digital Darwinism and evolution within supply chains Adoption challenges and future of Procurement. David starts the interview by reasserting the importance of definitions – ‘ transformation ’ is a term that often has different meanings for different people.

Supply Chain Planning Software 52

Supply Chain Planning Software Manufacturing Procurement Pharmaceutical Procurement 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 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

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. The alignment of teams to a common mission while having the same line of sight, clarity on definitions, and outcomes is one of the greatest values of planning.

Supply Chain Planning Software 195

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