Arena Solutions

OCTOBER 12, 2023

However, one crucial caveat to all this growth and opportunity is that—you need to follow industry compliance guidelines and deliver on quality. I take our major KPIs (like on-time delivery, product yield, incoming quality acceptance rate, customer return rate, etcetera,) and use those as guidelines to drive the internal audit process.

Quality 88

Quality Sourcing Strategies Supply Chain Planning Software Manufacturing Procurement 88

ivalua

SEPTEMBER 2, 2019

The European Banking Authority (EBA) has published new guidelines on outsourcing , a document that has wide-ranging implications for every banking organisation, and requires careful consideration by procurement leaders and functions. The guidelines will enter into force on 30 September 2019. appeared first on Ivalua.

Guidelines 140

Guidelines Procurement Resource Reduction Policies 140

Precoro

JANUARY 29, 2024

This strategic document contains key principles of procurement management and is designed to ensure that the entire procurement process is aligned with the organization's goals and objectives, project requirements, and budget constraints. It also serves as a roadmap for how the organization will conduct its purchasing activities.

Procurement Solutions 98

Procurement Solutions Procurement Analytics Optimal Sourcing Supply Chain Planning Software 98

SCMDOJO

MARCH 19, 2024

This data can be used to identify areas for improvement and make informed decisions about sourcing, production, and distribution. Procurement Procurement involves sourcing and acquiring the materials or products needed for production. Communicate with suppliers to source materials, negotiate pricing, and ensure timely deliveries.

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

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. Manual procurement management relies mostly on spreadsheets, physical printed documents and e-mails (or other means of communication). Low-Quality Documentation.

Procurement Solutions 98

Procurement Solutions Procurement Analytics Analytics Software Sourcing Strategies 98

The Logistics & Supply Chain Management Society

JULY 16, 2023

Also Malaysia has dedicated halal parks, 22 in total, supported by halal park guidelines and incentives. This trend is also better known as the evolution of halal or when applied to an organisation: the corporate halal maturity.

Risk Management 130

Risk Management Supply Chain Design Software Supply Chain Planning Software Pharmaceutical 130

Supply Chain Game Changer

OCTOBER 4, 2022

Effective supply chain management includes the planning and implementation of several tasks such as acquisition, sources, conversion, and delivery. Partner Expertise In Sourcing. When obtaining resources, services, or data from a third party, a project manager ensures that both internal and external sources are consistent and timely.

Manufacturing Procurement 81

Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software Sourcing Strategies 81

Logility

OCTOBER 12, 2021

You could simply adopt existing guidelines to establish a code of conduct that supports the values you want to see in a socially responsible supply chain. They can also help with documentation, acting as proof of your efforts if auditors come knocking. You don’t have to reinvent the wheel, however.

Supply Chain Planning Software 130

Supply Chain Planning Software Sustainability Supply Chain Software Supply Chain Planning 130

Precoro

APRIL 18, 2023

Documents With every step, transactions should be documented ; this means creating a purchase order , a bill of lading, a receipt, a customer's order, and others. It might be a good idea to document these workflows to prevent possible confusion.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Real-time Visibility Supply Chain Software 98

QAD

AUGUST 3, 2023

During the early ’90s, standardized guidelines were established to enhance compliance with APQP protocols. Since then, the APQP process has gained momentum and piqued the interest of manufacturers across various industries. Before embarking on the APQP, a manufacturer should perform a feasibility assessment.

Supply Chain Planning Software 96

Supply Chain Planning Software Quality Supply Chain Design Software Supply Chain Planning 96

Vinculum

MARCH 20, 2020

An invaluable source for business return insights. In simple words, data has the power to identify, gather, process and most importantly, analyze raw information you generate from multiple sources like websites and more. By now, it must be understood that there can be multiple sources of data for different organizations.

Data Management 52

Data Management Sourcing Strategies Optimal Sourcing Data 52

Jaggaer

JUNE 23, 2020

From source materials to distribution, the supply network must be carefully streamlined to produce the best results possible. Once the supply and distribution routes are mapped, clients can begin the sourcing process to dig deeper and understand what each third-party logistics provider can offer. RFQ, Contract, and Risk.

Pharmaceutical 72

Pharmaceutical Optimal Sourcing Supply Chain Network Software Network Optimization 72

The Logistics of Logistics

DECEMBER 8, 2012

The impact of rising yet fluctuating fuel prices, increased labor wages with the shortage of drivers and higher truck / equipment costs coupled with more restrictive Federal Guidelines reveal a future of higher costs. Future Federal standards will require increased in miles per gallon and add more driver and vehicle documentation.

Cost Reduction Strategies 142

Cost Reduction Strategies Freight Price Reduction Sourcing Strategies 142

SCMDOJO

FEBRUARY 29, 2024

Current State of Supplier Performance Management Nowadays, the interest in improving supplier performance management methods has increased due to the increase in global sourcing and that of the global economy in particular (Gordon Sherry R, 2008). Are materials obtained, where possible, from sustainable sources, e.g. framework?

Vendor Strategies 55

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 55

ThroughPut

APRIL 28, 2020

Here are some guidelines which can help in making this decision: 1. A Capacity Planning Software that can seamlessly integrate into all available data sources is the ideal choice. A scalable tool should be able to monitor and make predictions about thousands of data sources at once with accuracy.

Supply Chain Planning Software 52

Supply Chain Planning Software Predictive Analytics Software Supply Chain Design Software Analytics Software 52

ThroughPut

APRIL 28, 2020

Here are some guidelines which can help in making this decision: 1. A Capacity Planning Software that can seamlessly integrate into all available data sources is the ideal choice. A scalable tool should be able to monitor and make predictions about thousands of data sources at once with accuracy.

Supply Chain Planning Software 52

Supply Chain Planning Software Predictive Analytics Software Supply Chain Design Software Analytics Software 52

ThroughPut

APRIL 28, 2020

Here are some guidelines which can help in making this decision: . A Capacity Planning Software that can seamlessly integrate into all available data sources is the ideal choice. A scalable tool should be able to monitor and make predictions about thousands of data sources at once with accuracy. .

Supply Chain Planning Software 52

Supply Chain Planning Software Predictive Analytics Software Supply Chain Design Software Analytics Software 52

Precoro

SEPTEMBER 4, 2023

Morgan Working Capital Index 2020 , there is significant capital trapped in the form of working capital that can become a vital source of additional liquidity for corporations. Higher chance of heavy reliance on external financing sources, such as loans or credit lines. According to The J.P. But how can companies unlock this capital?

Optimal Sourcing 59

Optimal Sourcing Negotiate Pricing Inventory Reduction Material Savings 59

Enterra Insights

MAY 25, 2021

Joe Labbe, Vice President of business development at KnowledgeLake, notes, “The vast majority of the data running through RPA automations originates or terminates with a document. 4] He discusses five common ways companies use RPA to enhance document processing. Document Acquisition. jumpto’) to Necessary Documents.

Demand Planning Software 130

Demand Planning Software Guidelines Sourcing Strategies Supply and Demand 130

Precoro

MARCH 31, 2023

For example, Unilever, a consumer goods company, has a responsible sourcing policy that includes human rights due diligence and requires suppliers to adhere to its human rights principles. The Global Reporting Initiative (GRI) is a widespread framework that provides a comprehensive set of guidelines for sustainability reporting.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Manufacturing Procurement Procurement Solutions 52

NC State SCRC

MAY 1, 2020

An article written by my former PhD student, Rejaul Hasan, and I just came out this week in Contracting Excellence , the journal published by IACCM, which documents the catastrophe that is unfolding in Bangladesh, one of the world’s major exporters of garments for the apparel sector. Although retail brands are still struggling (e.g.

Bangladesh 59

Bangladesh Apparel Supply Chain Planning Supply Chain 59

Supply Chain Game Changer

FEBRUARY 16, 2020

In fact, it made me think of a specific chapter I read from Magnus Carlsson’s Strategic Sourcing and Category Management: Lessons Learned at IKEA. In 1995 IKEA faced an organizational shift in purchasing and sourcing methodology. Now bear with me here…. They wanted to expand their production, and become more competitive globally.

Optimal Sourcing 54

Optimal Sourcing Procurement Purchasing Skills Pricing Training 54

Supply Chain Game Changer

OCTOBER 28, 2021

Magnus Carlsson’s book, Strategic Sourcing and Category Management: Lessons Learned at IKEA is a masterful composition and guideline of how a procurement and sourcing organization can start building a quality infrastructure by gaining inspiration from IKEA’s procurement triumphs and failures.

Optimal Sourcing 89

Optimal Sourcing Procurement Supply Chain Planning Software Modeling Software 89

GlobalTranz

MARCH 9, 2018

Incorrect or missing labels are a source of frustration for packers, handlers, freight forwarders, customs officers, haulers and those receiving the goods. To combat the problem of missing labels and other documentation, haulers have resorted to duplicating the necessary paperwork and storing it inside the freight itself.

Freight 226

Freight Optimal Sourcing Transportation Cost Reduction Strategies 226

Precoro

JUNE 21, 2023

Around the world, governments and regulatory bodies have established guidelines for companies’ accounting departments to follow when it comes to bookkeeping. Let’s take a look at how following standardized guidelines can benefit companies and, specifically, their AP departments. What is GAAP?

Procurement Analytics 98

Procurement Analytics Expense Reduction Procurement Solutions Guidelines 98

The Logistics & Supply Chain Management Society

JANUARY 13, 2021

Early analysis of options: All too often, value chain decisions are made irrespective of trade considerations, be it on sourcing, location of manufacturing or services centres, ownership structures, shipping routes, storing options, priority consumer markets and so on and so forth. Documentation to be presented. What colour pen to use.

Pricing Training 245

Pricing Training Negotiating Skills Purchasing Training Optimal Sourcing 245

Kodiak Hub

SEPTEMBER 23, 2021

Magnus Carlsson’s book, Strategic Sourcing and Category Management: Lessons Learned at IKEA is a masterful composition and guideline of how a procurement and sourcing organization can start building a quality infrastructure by gaining inspiration from IKEA’s procurement triumphs and failures.

Optimal Sourcing 59

Optimal Sourcing Procurement Supply Chain Planning Software Modeling Software 59

Supply Chain Game Changer

NOVEMBER 26, 2018

In fact, it made me think of a specific chapter I read from Magnus Carlsson’s Strategic Sourcing and Category Management: Lessons Learned at IKEA. In 1995 IKEA faced an organizational shift in purchasing and sourcing methodology. Now bear with me here…. They wanted to expand their production, and become more competitive globally.

Procurement Analytics 43

Procurement Analytics Optimal Sourcing Procurement Purchasing Skills 43

DynaSys

FEBRUARY 19, 2019

The supply chain can be the roadmap to follow to determine the how, the what, the why, the when and the where’s the source of the problem as the supply chain covers the entire cycle of the process from ingredient to finished product. The best way to begin this process is by analyzing the components of the supply chain.

Manufacturing Procurement 45

Manufacturing Procurement Agile and Lean Supply Chain Supply Chain Software Supply Chain 45

Elementum

JANUARY 16, 2024

Software and Tools for Automation There are several different software and tools available for process automation, including workflow orchestration, intelligent document processing (IDP) , and RPA platforms. Develop guidelines for designing and implementing BPA processes.

Sourcing Strategies 78

Sourcing Strategies Optimization Software Analytics Software Predictive Analytics Software 78

SCMDOJO

DECEMBER 11, 2023

Stakeholders, including internal teams and external auditors, can use these reports to assess if the guidelines are being followed, encouraging a culture of accountability and integrity. This document fosters transparency, accountability, and streamlined processes within the procurement function. Download Free GRN Report 6.

Procurement Analytics 16

Procurement Analytics Optimal Sourcing Procurement Solutions Material Savings 16

Precoro

JANUARY 16, 2023

Spend management allows for efficient sourcing and procurement, regulated expenses, timely registration of spontaneous purchases, and a reduction of fraud and errors. As a comprehensive approach, spend management typically includes management of suppliers, categories, approval workflows , inventories, and documents.

Procurement Solutions 98

Procurement Solutions Negotiating Skills Purchasing Skills Expense Reduction 98

6 River Systems

JULY 9, 2019

Likewise, process guidelines can help suppliers comply with your company’s quality requirements. Some companies go beyond simply providing criteria, conducting periodic audits or requesting documentation verifying suppliers’ compliance steps.

Optimal Sourcing 40

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Supply Chain Optimization 40

EC Sourcing Group

MARCH 2, 2021

The third step is: The supplier will respond to an e-RFX that the buyer has posted and will submit a bid if they think they can meet the contractual guidelines. The procurement team typically benefits when using eTendering, given that sourcing events are so much easier once structured and digitized.

Optimal Sourcing 52

Optimal Sourcing EC Sourcing Procurement Just-in-Time 52

NC State SCRC

AUGUST 23, 2016

Ensure that no new parts contain the 57 hazardous substances documented in our policies, and that volumes for existing parts be reduced to X PPM. For the basis of our framework we assessed if the code of conduct followed the guidelines specified in these and similar conventions. Have 10 percent of the supply base ISO 14001 compliant.

Procurement Analytics 40

Procurement Analytics Material Savings Waste Reduction Optimal Sourcing 40

Jaggaer

JULY 21, 2020

With the JAGGAER ONE platform, it is now possible to automate all key procurement processes from source to pay and to integrate these processes seamlessly with third party systems such as ERP s. . Organizations usually start their process automation journey with the low-hanging fruit of p rocure to p ay (P2P) processes.

Manufacturing Procurement 102

Manufacturing Procurement Procurement Solutions Optimal Sourcing Procurement 102

Supply Chain View from the Field

APRIL 1, 2015

Here are a few guidelines I’ve encountered over the years that might help people think more about selecting and establishing metrics for your supply chain. Step 2 – Develop Metrics and Data Sources. Each metric must be defined carefully, and the source of data (whether from the MRP system, the accounting system, etc.)

Cost Reduction Strategies 60

Cost Reduction Strategies Material Savings Inventory Reduction Resource Reduction 60