Supply Chain View from the Field

AUGUST 22, 2013

A recent interview I conducted with a former Chief Procurement Officer who has worked for over 25 years in procurement in various industries captures what I believe is the true opportunity that exists for supply management executives. Marketing and IT see this to some extent, but not like procurement.

Procurement Analytics 68

Procurement Analytics Negotiating Skills Procurement Purchasing Skills 68

Taulia

JULY 7, 2022

Let’s look more closely at what procurement spend management is, the challenges companies may face in this area, and six steps organizations can take to boost the effectiveness of their approach. This means that less time can be spent on new initiatives in accounts payable and the procurement department that can bring about better ROI.

Material Savings 52

Material Savings Purchasing Training Manufacturing Procurement Procurement Solutions 52

SCMDOJO

FEBRUARY 29, 2024

They do not relate to any overall company procurement goals and objectives. Figure 1: SPM Project Stages (Gordon Sherry R, 2008) This organization has created a Procurement Steering Committee with management participation to leverage procurement as a tool to improve business performance.

Vendor Strategies 55

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 55

Supply Chain Game Changer

JUNE 10, 2020

Procurement Leaders’ research has shown that “for workflow assignment and supplier relationship management (SRM) , more than 60% have no tools or rely primarily on improvised systems using Microsoft Office. Utilizing improvised solutions is still the norm in many procurement organizations. Think I’m full of bologna?

Procurement Solutions 56

Procurement Solutions Procurement Analytics Eliminating Excel in Purchasing Optimal Sourcing 56

Taulia

NOVEMBER 2, 2020

The procure-to-pay process can be streamlined in a number of different ways, and one of the most important tools available is invoice automation. And if suppliers are confronted with a cumbersome onboarding exercise, they will be less likely to follow the new processes.

Supply Chain Software 52

Supply Chain Software Optimal Sourcing KPI Optimization Software 52

EcoVadis

OCTOBER 16, 2017

For Bekaert’s Chief Procurement Officer Ton Geurts , the continuity and benefits from sustainable development can only be guaranteed when it becomes more integrated into business. “ Sustainability is business, and business is sustainability ”, he said during his keynote in the CSR Day. Here are a few highlights of the event: .

Sourcing Strategies 40

Sourcing Strategies Optimal Sourcing Supply Chain Network Software Material Savings 40

ThroughPut

APRIL 21, 2022

S&OP is a pointless exercise that adds no value to revenue growth or cost savings. Sure, spreadsheets are great at documenting data, and they can also be helpful when making the case for an S&OP process, but their effectiveness ends there. One thing about inventory is that it takes time to procure, build, and distribute.

Supply Chain Planning Software 52

Supply Chain Planning Software Scenario Planning S&OP Modeling 52

HICX Solutions

SEPTEMBER 23, 2020

In our survey, 66% of procurement leaders agreed that data projects have stalled due to their relatively low priority when compared to other business initiatives. For the latest from HICX, sign up to our short, two-weekly newsletter with a selection of the top stories from the world of Procurement and supplier data. .

Cost Reduction Strategies 52

Cost Reduction Strategies Purchasing Skills Data Eliminating Excel in Purchasing 52

SupplyShift

NOVEMBER 4, 2020

When you complete your exercise, you should come away with a clear list of milestones you’ll hit. To reuse the Kraft Heinz example, something like: Procure most electricity from renewable sources by 2025 and decrease energy usage by 15 percent. It also exposes a massive opportunity for sustainability to lead the pack.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Gartner 52

SupplyShift

NOVEMBER 4, 2020

When you complete your exercise, you should come away with a clear list of milestones you’ll hit. To reuse the Kraft Heinz example, something like: Procure most electricity from renewable sources by 2025 and decrease energy usage by 15 percent. Engage suppliers to understand the practices that contribute to high water use.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Gartner 52

ITradeNetwork

OCTOBER 9, 2018

Or is your shopping exercise simply about filling your cart and checking off the items on your shopping list? There are labeling and documentation requirements for these local companies, and if a producer is in violation, their exempt status can be revoked. Locally grown food has truly come a long way.

Food 40

Food North America Purchasing Skills Sourcing Strategies 40

TMC

JULY 21, 2016

Insights for Procuring a TMS in a Large Company. Having a centralized corporate procurement function already in place is valuable. For example, they understand the importance of lane density, and can procure more cost-effectively by leveraging cargo volumes across the network.

Optimal Sourcing 54

Optimal Sourcing Procurement Solutions Procurement Pricing Training 54

Talking Logistics

AUGUST 19, 2015

The exercise, however, provided me with a great list of reminders of what I heard and learned at the conference, which I will share with you today. Solutions addressing the financial side of the supply chain, including Procure-to-Pay, is another core differentiator for GT Nexus. Bridges2015. ” #Bridges2015.

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Design Software Conference Supply Chain Network Software 100

Supply Chain View from the Field

AUGUST 27, 2014

The first part of the class deals with the common elements of strategic supply management, including creating the vision for the organization, organizational roles and structure, and the fundamental elements of the procure-to-pay process.

Negotiating Skills 68

Negotiating Skills Negotiate Pricing Supply Chain Design Software Manufacturing Procurement 68

HICX Solutions

SEPTEMBER 23, 2020

In our survey, 66% of procurement leaders agreed that data projects have stalled due to their relatively low priority when compared to other business initiatives. Taken together, it becomes obvious that supplier data, or rather poor supplier data, is going to drive a significant proportion, if not the highest share, of hidden data cost.

Cost Reduction Strategies 52

Cost Reduction Strategies Purchasing Skills Data Eliminating Excel in Purchasing 52

TMC

JUNE 22, 2017

Having a centralized corporate procurement function already in place is valuable. For example, they understand the importance of lane density and can procure more cost-effectively by leveraging cargo volumes across the network. Build template documents that describe each facility in the network.

Optimal Sourcing 54

Optimal Sourcing Procurement Solutions Procurement Purchasing Training 54

Claritum

AUGUST 23, 2019

Claritum Article - Procurement Blog. It is not a PR exercise or a corporate goal or policy document. A global US based banking organisation recently contracted with a Woman-Owned Small Business (Highroad Press) to outsource Print procurement and at the same time realise savings through early payment discounts for suppliers.

Resource Reduction 32

Resource Reduction Sourcing Strategies Price Reduction Cost Reduction Strategies 32

TMC

JUNE 22, 2017

Having a centralized corporate procurement function already in place is valuable. For example, they understand the importance of lane density and can procure more cost-effectively by leveraging cargo volumes across the network. Build template documents that describe each facility in the network.

Optimal Sourcing 48

Optimal Sourcing Procurement Solutions Procurement Purchasing Training 48

TMC

JUNE 22, 2017

Having a centralized corporate procurement function already in place is valuable. For example, they understand the importance of lane density and can procure more cost-effectively by leveraging cargo volumes across the network. Build template documents that describe each facility in the network.

Optimal Sourcing 48

Optimal Sourcing Procurement Solutions Procurement Purchasing Training 48

Claritum

AUGUST 23, 2019

Claritum Article - Procurement Blog. It is not a PR exercise or a corporate goal or policy document. A global US based banking organisation recently contracted with a Woman-Owned Small Business (Highroad Press) to outsource Print procurement and at the same time realise savings through early payment discounts for suppliers.

Resource Reduction 36

Resource Reduction Sourcing Strategies Price Reduction Supply and Demand 36

Infosys Supply Chain Management

JULY 26, 2013

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. For instance, if Product-Location has procurement type In-House Production ("E") and if it is missing a corresponding PPDS PPM, then we flagged it as an error code. Business Process Outsourcing. Customer Service.

Supply Chain Planning Software 29

Supply Chain Planning Software Supply Chain Design Software Manufacturing Procurement Supply Chain Planning 29

NC State SCRC

NOVEMBER 21, 2017

What are the biggest concerns in times of claims, injury, and documentation of claims? ” Are you exercising too much control over the load and the driver? A load confirmation sheet will provide documentation that we are outside of the contract! Who am I sharing it with?

Real-time Visibility 40

Real-time Visibility Transportation Los Angeles Just-in-Time 40

NC State SCRC

MARCH 22, 2019

Some of the typical complaints I hear from procurement colleagues are the same ones I heard 20 years ago, and it seems as if nothing has changed. “Procurement doesn’t get any respect! I can’t get people in the business to listen to what I want to propose to them, and they don’t show up to my category meetings.”

Procurement Solutions 58

Procurement Solutions Negotiate Pricing Modeling Software Negotiating Skills 58

Unleashed

JANUARY 11, 2023

Examples include sectors such as the cannabis industry, where stock-write offs need to be carefully documented and disclosed to third parties. It allows the procurement team to see if stock is getting low and needs to be ordered. Stocktakes are time-consuming and therefore an expensive exercise.

Inventory Reduction 96

Inventory Reduction Inventory Expense Reduction Cost Reduction Strategies 96

HICX Solutions

APRIL 16, 2021

Supplier Information Management (SIM), underpinned by MDM, is therefore leading the digital transformation in Procurement. Architecturally, this results in many moving components that make multidomain MDM far more complex – and more akin to a build exercise – compared to a ready-built, out-of-the-box solution.

Analytics Software 95

Analytics Software Forecasting Software Predictive Analytics Software Optimization Software 95

Talking Logistics

OCTOBER 29, 2018

It begins with a strategy project that documents the current state process, information, and data flows. Please involve procurement/purchasing, materials management, the planning and forecasting group, warehouse operations, facilities, finance / accounting, IT, customer service / sales, and anyone else that will touch this implementation.

Supply Chain Design Software 101

Supply Chain Design Software Supply Chain Planning Software Analytics Software Forecasting Software 101

HICX Solutions

APRIL 16, 2021

Supplier Information Management (SIM), underpinned by MDM, is therefore leading the digital transformation in Procurement. Architecturally, this results in many moving components that make multidomain MDM far more complex – and more akin to a build exercise – compared to a ready-built, out-of-the-box solution.

Analytics Software 52

Analytics Software Forecasting Software Predictive Analytics Software Optimization Software 52

Taulia

MARCH 22, 2023

Historically, treasury and procurement professionals tended to have very different perspectives on the benefits and risks of different working capital initiatives. This exercise should be conducted in lock-step with AI to determine the most appropriate APR to offer suppliers. The possibilities are considerable.

Supply Chain Planning Software 52

Supply Chain Planning Software Predictive Analytics Software Vendor Strategies Forecasting Software 52

HICX Solutions

JUNE 10, 2020

Step one is an audit and mapping exercise. Normally these are transactional systems for finance, procurement, compliance and legal. Finally, map these systems into the overarching data management processes, documenting clearly how data is created, viewed, updated or deleted in each one.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Exercises Government 52

Infosys Supply Chain Management

SEPTEMBER 27, 2014

From a black board for charting the overall equipment status and files holding hundreds of thousands of documents maintaining equipment logs, we have indeed come a long way to have a full-fledged computer systems for our Asset management needs.

Asset Management 32

Asset Management Predictive Analytics Software Vendor Strategies Just-in-Time 32

HICX Solutions

NOVEMBER 29, 2022

As Adam Brown , Managing Director, Procurement Strategy & Digital Transformation at Maersk , points out in a recent interview with HICX, “The sheer multitude of touchpoints for suppliers when transacting with many large enterprises can create confusion and inefficiencies.”?. The issue resonates with suppliers. It is a neglected area.

Procurement Analytics 52

Procurement Analytics Procurement Solutions Optimal Sourcing Resource Reduction 52

Logistics Bureau

NOVEMBER 20, 2023

So that’s the route we’re taking in this article, exploring the evolution of fleet route optimisation from a time-consuming pen-and-paper exercise to a high-tech process that, in some cases, can be completed in minutes. It’s hard to imagine that many still need to shuffle paper documents around using pigeonholes.

Analytics Software 66

Analytics Software Predictive Analytics Software Supply Chain Network Software Optimization Software 66

BlueYonder

MAY 30, 2014

They partner with LSPs for organizing specific services around their transportation choices; services such as procuring the transportation, generating documentation, managing bills and invoices, monitoring shipment progress, customs clearance and settlement services.

Price Reduction 60

Price Reduction Cargo Optimal Sourcing Logistics Network Optimization Software 60

6 River Systems

JUNE 29, 2020

’ “For example, supply chain leaders and their teams can conduct a scenario planning exercise and develop action plans. If you haven’t developed any KPIs or monitoring processes, start thinking through what measures define success or failure, and how Procurement can go about confirming a supplier stays on track.

Supply Chain Planning Software 116

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Modeling 116

EcoVadis

JUNE 29, 2016

Responsible consumerism drives Responsible manufacturing (which includes Responsible procurement). As a result of this report, the battery supplier lost all procurement contracts with major companies, simply because of its rare earth supplier. Business Case Study.

China 40

China Supply Chain Planning Software Waste Reduction Supply Chain Planning 40

HICX Solutions

JULY 28, 2020

As part of digital transformation initiatives in Procurement, one of the areas that will be very much in scope is that of Supplier Information Management, or SIM. Launching a Digital Transformation Project to include Supplier Information Management. How does this happen and what could an alternative path look like in comparison?

Exercises 52

Exercises Comparison Data Resources 52

Logistics Bureau

MAY 24, 2019

The Path to Cost Reduction: Following a SCOR supply chain benchmarking exercise, AGCO decided to approach its cost reduction and efficiency goals by blending new technology—in the form of a globally integrated transport management system (TMS)—with a commitment to form a partnership with a suitably capable 3PL provider. Procurement analysis.

Cost Reduction Strategies 54

Cost Reduction Strategies Inventory Reduction Expense Reduction Price Reduction 54