QAD

JANUARY 24, 2023

It is no secret that procurement executives are constantly seeking innovative ways to maximize efficiency and address unexpected supply disruptions. However, procurement is evolving into much more than the most cost effective option since the cheapest option often involves real world atrocities like child and forced labor.

Supply Chain Software 96

Supply Chain Software Manufacturing Procurement Optimal Sourcing Procurement 96

GlobalTranz

NOVEMBER 29, 2016

Editor's Note: Today's blog is the second part of Chuck Intrieri's series on how procurement and suppliers can avoid issues with their contracts. Procurement and suppliers often assume that small print is highly complicated legal jargon that is both boring and largely irrelevant. Another important issue is the company’s privacy policy.

Procurement Analytics 120

Procurement Analytics Manufacturing Procurement Procurement How To 120

Proxima

FEBRUARY 8, 2023

Are you ready for the changes to procurement rules? Public procurement laws are changing. The UK Government’s Procurement Bill is working its way through Parliament and now could be introduced as early as the end of 2023. The changes to procurement law are seen as a benefit of Brexit by the UK Government.

Procurement 52

Procurement Buyer Training Government Training 52

SCMDOJO

APRIL 20, 2023

If you’re eyeing a role as a Procurement Manager (or are looking to hire one), you’re in the right place! As a procurement Manager, you’ll play a crucial role in overseeing the purchasing and procurement process for a company or organization, making sure they get the best bang for their buck.

Negotiating Skills 95

Negotiating Skills Optimal Sourcing Procurement Analytics Manufacturing Procurement 95

Precoro

OCTOBER 2, 2023

The procurement landscape is ever changing, and recently, in contrast to the traditional procure-to-pay platforms, we have seen the emergence of a new type of software solution, intake-to-pay, which is marketed as a more comprehensive solution. But hold on: are we sure that wasn't all possible with procure-to-pay, anyway?

Procurement Solutions 59

Procurement Solutions Procurement Analytics Optimal Sourcing Supply Chain Design Software 59

Precoro

MARCH 31, 2023

March 21 was the second annual iteration of World Sustainable Procurement Day , an online event organized by the Sustainable Procurement Pledge team, SPP Chapters, SPP Champions, and partners to raise awareness about the importance of ethical procurement and to share the best sustainability practices with organizations worldwide.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Manufacturing Procurement Procurement Solutions 52

GlobalTranz

FEBRUARY 27, 2018

Procurement must never be an afterthought in any enterprise. The answers to these questions lie in understanding a few of the top industrial procurement trends to expect in 2018. Companies Will Seek New Ways to Use Technology in Procurement. The global supply chain creates many challenges and opportunities in procurement.

Manufacturing Procurement 166

Manufacturing Procurement Optimal Sourcing Supply Chain Planning Software Supply Chain Software 166

OptiProERP

MAY 18, 2023

So what is procurement? Procurement is acquiring goods, services, or works from an external source. Procurement can be done by a government agency, a private organization, or an individual, and it can involve purchasing anything from pencils to complex machinery. What Are the Types of Procurement?

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Negotiate Pricing Procurement Solutions 52

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? All this functionality helps save costs, choose the best vendors, ensure compliance, appraise supplier risk, and streamline procure-to-pay cycle.

Procurement Solutions 98

Procurement Solutions Procurement Analytics Modeling Software Analytics Software 98

NC State SCRC

FEBRUARY 23, 2019

Several stories came out this week, related to KraftHeinz’s share price, its procurement department, and the fate of its parent company, 3G Capital. The year after 3G Capital took over, the procurement team suddenly started telling them they “need 10% off the price”, without giving any justification.

Optimal Sourcing 51

Optimal Sourcing Policies Procurement Price Reduction 51

Precoro

DECEMBER 20, 2023

At Precoro, we constantly strive to make the procurement experience simpler – but better. We’re pleased to introduce our newest functionality: Document Custom Forms. With them, we aim to change how requests and invoices are submitted and cut document creation time in half.

Expense Reduction 105

Expense Reduction Resource Reduction Waste Reduction Optimal Sourcing 105

ivalua

AUGUST 11, 2021

Responsible sourcing is the incorporation of ethical, sustainable and socially conscious principles into sourcing, procurement and overall supply chain management practices. The first thing that Procurement organizations should do is to determine the purpose of establishing a responsible sourcing strategy.

Sourcing Strategies 130

Sourcing Strategies Purchasing Skills Sourcing Expense Reduction 130

Precoro

NOVEMBER 13, 2023

One of the ways that procurement teams improve this figure is by tracking and improving the purchase price variance (PPV) metric. In this article, we'll explain what PPV is, why it matters, and how tracking this metric can benefit your procurement processes. This estimate is then used as a standard price in the PPV formula.

Purchasing Skills 98

Purchasing Skills Procurement Analytics Negotiating Skills Negotiate Pricing 98

SCMDOJO

APRIL 11, 2023

It covers the basics of procurement, including procurement strategies, contract management, and supplier selection. You’ll also learn about supply chain management and the various stages of the procurement process. Pros: It forms part of the CIPS Level 2 Certificate in Procurement and Supply Operations qualification.

Supply Chain Design Software 113

Supply Chain Design Software Course Supply Chain Planning Software Supply Chain Software 113

Logistics Bureau

NOVEMBER 14, 2018

If you have not yet tackled the question of ethics in procurement, now is a great time to start. It does not matter whether you are a procurement professional, internal customer, external customer, senior executive, or supplier. Procurement is what sets entire supply chains and their organisations in motion.

Procurement Analytics 63

Procurement Analytics Optimal Sourcing Procurement Solutions Pricing Training 63

The Logistics & Supply Chain Management Society

APRIL 26, 2022

IDC’s March 2022 Future Enterprise Resiliency & Spending Survey showed that almost 50% of finance organizations are prioritizing consistent ESG practices and/or policies when considering industry ecosystem design and partners. The importance of Environmental, Social and Governance (ESG) continues to grow.

Supply Chain Design Software 264

Supply Chain Design Software Supply Chain Software Supply Chain Planning Software Sustainability 264

Talking Logistics

MAY 14, 2019

Finished products have high ratios (average 50%) of sourced or procured product content. Ensuring receipt of Certificate of Analysis (CoA) and other regulatory compliance documentation has made digitization a requirement for customer service, audit management, and compliance.

Supply Chain Planning Software 163

Supply Chain Planning Software Quality Supply Chain Software Supply Chain Network Software 163

AFFLINK

AUGUST 12, 2022

For procurement leaders, this finding indicates marked potential for making an environmental impact. Government policies & regulations — Particularly those in energy and chemical manufacturing. Sustainable manufacturing initiatives are well-documented catalysts for better resource utilization, higher profits, and fewer risks.

Manufacturing Procurement 62

Manufacturing Procurement Cost Reduction Strategies Sustainability Material Savings 62

QAD

MAY 23, 2023

ESG Regulations are Driving Investment in Sustainable Procurement Regardless of where you stand on the ethics behind ESG issues, you’d think consumer demand would be a clear driver for sustainable product development. Compliance appears to be a significantly larger driver for sustainable procurement than ethics or consumer demand.

Procurement Solutions 92

Procurement Solutions Supply Chain Planning Software Supplier Management Modeling Software 92

SCMDOJO

MARCH 19, 2024

While Its primary purpose is to manage the entire process, from procurement to delivery, efficiently and cost-effectively, it also coordinates with production to automate processes and planning, etc. Watch What is Marketing Procurement? on our SCMDOJO YouTube Channel! Why do you need a structured Supply Chain Department?

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

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

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

EcoVadis

SEPTEMBER 4, 2019

Data from this year’s Sustainable Procurement Barometer shows there’s a clear ROI for moving along the sustainable procurement maturity curve. . The fact that leaders are successfully implementing these policies and tools show how critical they all are for driving higher levels of sustainable procurement performance. .

Supply Chain Planning Software 45

Supply Chain Planning Software Optimal Sourcing Modeling Software Supply Chain Software 45

Unleashed

APRIL 28, 2024

a) Failure to have a contingency plan in place for disruptions b) A new governmental policy affecting trade c) An unreliable supplier not delivering on time d) Unexpected shifts in consumer demand 3. Pay attention to detail and document everything – all your agreements, terms, and commitments – to prevent disputes further down the line.

Negotiating Skills 52

Negotiating Skills Negotiate Pricing Manufacturing Procurement Buyer Training 52

SYSPRO Smarter ERP

AUGUST 1, 2022

A BOM may be a relatively simple document or a complex, multi-levelled product description made from multiple sub-assemblies. Procurement planning : It has to do with ensuring that business purchases arrive promptly and in the right quantities. It records all the parts, materials, and processes used on the factory floor.

Optimal Sourcing 111

Optimal Sourcing Inventory Management Software Material Savings Manufacturing Procurement 111

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

Logistics Viewpoints

MARCH 2, 2023

And we’ve yet to experience all of the possible repercussions of the conclusion of China’s zero-COVID policy. While many companies assemble great sourcing and procurement teams when it comes time to renegotiate freight contracts, they often fail to provide good documentation that allows them to negotiate from a position of strength.

Waste Reduction 197

Waste Reduction Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 197

ivalua

JUNE 11, 2019

If you live in a city, state or country, which everybody does, your life and the lives of your family and friends is impacted directly by Procurement. No, I’m not referring to the Procurement department of your company (although, if Ivalua has anything to do about it, there are lots of interesting things happening there too).

Optimal Sourcing 169

Optimal Sourcing Procurement Vendor Strategies New York City 169

Exiger Perspectives

APRIL 3, 2023

A proven supply chain risk management framework, like Exiger’s TPRM and SCRM framework , enables compliance teams, corporations and governments to identify, assess and respond to third-party service providers, supplier risks and other involved procurement risks throughout their supply chain lifecycle.

Supply Chain Risk Management 52

Supply Chain Risk Management Risk Management Supply Chain Design Software Supply Chain Planning Software 52

NC State SCRC

AUGUST 23, 2016

A new post discussed the development of a sustainable procurement standard developed by the International Standards Organization. It’s about time that the concept of sustainable procurement has a standard established around it. Establish dollar savings goal of X for disposal of old parts.

Procurement Analytics 40

Procurement Analytics Material Savings Waste Reduction Optimal Sourcing 40

ivalua

SEPTEMBER 2, 2019

Peter Smith, Managing Director, Procurement Excellence Ltd. 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.

Guidelines 140

Guidelines Procurement Resource Reduction Policies 140

QAD

JUNE 8, 2021

Here are three areas to consider: Ensure your organization’s essential supply chain processes are defined, documented and implemented. Lack of or ineffective periodic review of supplier assessments against customer requirements/policies. Insufficient deployment of demand down through the supply chain. In addition to 6.2.1.7,

Supply Chain Software 97

Supply Chain Software Automotive Demand Planning Software Forecasting Software 97

ivalua

DECEMBER 6, 2022

Author: Hubert Verweij , Head of Procurement Transformation, Capgemini Invent Sweden and Finland. Nowadays, Procurement practitioners primarily talk about emerging topics like the reduction of scope 3 emissions, supplier-enabled innovation and supply risk management. Procurement as end-to-end process owner .

Optimal Sourcing 130

Optimal Sourcing Pricing Training Optimization Software Procurement Solutions 130

Precoro

NOVEMBER 20, 2023

Cervino provided us with insights into how Opna Bio SA’s team chose the right system and how it impacted their procurement process. They were worried that with a manual approach, data entry and creation of procurement documents would be time-consuming and prone to errors. ." Thus, the onboarding process began.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Biotech Optimal Sourcing 52

CH Robinson Transportfolio

APRIL 2, 2019

We have seen over the course of this administration that policy is often refined and revised from the first announcement or tweet to the final policy implementation. It appears that some type of new policy is being seriously considered at the border, but as of today the final details are still to be determined.

Mexico 34

Mexico El Paso Resource Reduction Transportation 34

The Logistics & Supply Chain Management Society

JULY 13, 2021

Process Automation: Logistics and supply chain industry vertical is heavily reliant on manual rule-based processes and their workforce spend significant amount of time managing documents such as bills-of-lading, invoices etc. which involves repeated entries in multiple legacy system leading to delays and error.

Supply Chain Software 130

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software 130

Material Handling & Logistics

SEPTEMBER 13, 2017

Often, supply chain and procurement executives and managers will be able to work collaboratively with other supply chain partners that have been similarly impacted by the storms to reach amicable resolution of delays and disruptions that follow a hurricane.

Negotiating Skills 80

Negotiating Skills Negotiate Pricing Supply Chain Strategy Purchasing Skills 80