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

SCMDOJO

SEPTEMBER 29, 2022

It is an internal document every company is required to maintain under the governance of GDPR Requirements. Such a document ensures that all data processing activities conducted by a company are following the data protection legislation laid down by the GDPR. Given below are the details your RoPA document should contain.

Data 88

Data Sourcing Strategies Security Electronics 88

Logility

JANUARY 26, 2022

Reporting will need to reveal such information as total volume of material produced, carbon emissions, water consumption and pollution, chemical usage, storage, and disposal practices, median wages, and measures for responsible company conduct embedded in policies and management systems. Add to this the U.S. Supplier collaboration.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Design 130

QAD

MAY 23, 2023

This sounds simple enough, but we all know it’s a very complex issue and that’s partially because ESG concerns touch every part of the value chain, from the field or mine where raw materials are sourced to the packaging and transport modes used to bring your finished product to market.

Procurement Solutions 92

Procurement Solutions Supply Chain Planning Software Supplier Management Modeling Software 92

QAD

JANUARY 24, 2023

For example, roughly 85 percent of companies incorporate sustainable procurement practices due to government regulations and policies and the risk of being noncompliant – not in response to consumer attitudes. The needed connectivity between manufacturers and suppliers means relying on increased digitized processes and solutions.

Supply Chain Software 96

Supply Chain Software Manufacturing Procurement Optimal Sourcing Procurement 96

ModusLink Corporation

MARCH 30, 2023

According to data shared by Vue.AI , “more than 60% of online shoppers say that they look at a retailer’s return policy before making a purchase. Failing to create a system for identifying and documenting defective products makes it difficult to track the source of defects and also makes it difficult to identify patterns or trends in defects.

Sourcing Strategies 78

Sourcing Strategies Reverse Logistics Inventory Reduction Cost Reduction Strategies 78

QAD

JULY 7, 2022

The concept of ethical sourcing has risen in popularity during the past four years.” . In April 2021, food giant Hershey Food announced its “ No Deforestation Policy ” to end deforestation across its supply chain by 2030. However, earlier in the year Hershey was named in a lawsuit regarding child labor abuses in Cote D’Ivoire.

Purchasing Skills 97

Purchasing Skills Manufacturing Procurement Cost Reduction Strategies Procurement Analytics 97

Supply Chain Matters

AUGUST 30, 2023

The Ferrari Consulting and Research Group, via its affiliated Supply Chain Matters blog calls reader attention to two recently published research papers that address evidence of ongoing shifts in global supply component and end production sourcing. The abstract notes that the research paper “ documents that shifts in the pattern of U.S.

Sourcing Strategies 59

Sourcing Strategies Global Price Reduction Vietnam 59

Supply Chain Matters

JULY 21, 2022

This report indicates that move would reportedly amount to a nearly $200 billion investment, according to documents filed with the State of Texas. and Europe to actively consider tax incentives and other policy measures that would lead to more domestic sourcing of semiconductor production. has to do so as well.

South Korea 52

South Korea Report Manufacturing Procurement Sourcing Strategies 52

Proxima

SEPTEMBER 12, 2023

As a result, technologies such as AI, Document Management, Case Management, Workflow Management, and CLM are being adopted by firms in varying degrees. AI allows for more efficient contract management and e-discovery through natural language scanning of lengthy, tedious documents and multiple data sources. Reducing risk.

Procurement 59

Procurement Predictive Analytics Software Supply Chain Planning Software Modeling Software 59

Precoro

AUGUST 14, 2023

Additionally, this skill empowers purchasing managers to anticipate potential issues in adhering to corporate policy, managing the supply chain, or overspending and helps to resolve them timely. In fact, 204 procurement professionals globally said that communication is a critical business skill requested from procurement managers.

Negotiating Skills 98

Negotiating Skills Purchasing Skills Buyer Training Procurement Solutions 98

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

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). and procurement and supply management operations.

Vendor Strategies 55

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 55

ToolsGroup

APRIL 27, 2022

Image source: APA. For example, as of March 2022, 81% of Americans say the supply chain is a significant source of stress. Image source. Image source: APA. The following experts share eight sources of stress at work. And plenty of us are feeling that stress at work. In…and out…there you go!)

Sourcing Strategies 296

Sourcing Strategies Supply Chain Strategy Price Mitigation Strategies Strategy 296

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

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

MARCH 31, 2023

Thus, prioritizing sustainable procurement has become a critical component of companies' policies; by doing so, organizations promote transparency, fairness, resource efficiency, and ethical practices while enhancing their brand image and competitiveness. Consumers increasingly demand that companies ensure products are not made by children.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Manufacturing Procurement Procurement Solutions 52

Arena Solutions

OCTOBER 12, 2023

External audits can be nerve-wracking with key personnel and teams running from pillar to post searching for records or documents, especially if you don’t have a quality management system (QMS) software solution in place. Cited Sources [link]. Christine, what’s the first thing a team should do?

Quality 88

Quality Sourcing Strategies Supply Chain Planning Software Manufacturing Procurement 88

Exiger Perspectives

APRIL 3, 2023

The Modern Risk Landscape Image Source: Exiger The modern risk landscape is an amalgamation of both imposed and inherent factors that amplify risk management challenges—to effectively secure their vendor and supply ecosystem in real-time. Strategic: Agree to and document a broad risk appetite statement.

Supply Chain Risk Management 52

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

Arena Solutions

MAY 18, 2021

Also, measures should be put in place to help you quickly identify alternate supply sources and circumvent any quality or lead-time issues that may arise. From there you can document policies and procedures around how your organization interacts with the product record and, more importantly, who has access to controlled technical data.

Supply Chain Design Software 95

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Industrial 95

Enterra Insights

DECEMBER 7, 2023

. • Adopting a policy statement on corporate human rights strategy. Fulfilling documentation and reporting obligations. Thomas Lobert , a Solutions Consultant with Descartes, explains, “[Forced labor] can happen any time in the supply chain: from sourcing raw materials to manufacturing products, including distribution.

Supply Chain Software 130

Supply Chain Software Supply Chain Strategy Supply Chain Network Software Material Savings 130

Supply Chain Game Changer

SEPTEMBER 3, 2022

A simple step in cryptocurrency involves a person directly to the Bitcoin exchange, where they can exchange the communication through the documents and approve it with the blockchain. The robust growth of the unit is offering the financial market policy. How Can People Obtain Bitcoin?

Currency 90

Currency Sourcing Strategies Demand Planning Software Electronics 90

Logility

OCTOBER 12, 2021

A plan for achieving truly sustainable supply chain management — from the capabilities you’ll need, to the policies you should put in place, to the systems that will help you achieve it. . They can also help with documentation, acting as proof of your efforts if auditors come knocking. There are many ways this can happen.

Supply Chain Planning Software 130

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

OptiProERP

MAY 18, 2023

Procurement is acquiring goods, services, or works from an external source. It involves sourcing, negotiation, ordering, delivery, and payment for goods or services. Therefore, the document should include all relevant information, such as technical specifications, performance standards, and delivery requirements.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Negotiate Pricing Procurement Solutions 52

The Logistics & Supply Chain Management Society

AUGUST 14, 2023

History of Alliances in Container Shipping Source: Port Economics, Management and Policy What are Global Shipping Alliances (GSAs) in the shipping industry? Main Incentives for Carriers to be Involved in Alliances Source: [link] Not all companies can utilize shipping alliances effectively.

Risk Management 130

Risk Management Negotiating Skills Vendor Strategies Resource Reduction 130

ivalua

MARCH 9, 2023

A comprehensive Source-to-Pay platform is a critical component of an organization’s IT environment. What is Source-to-Pay? The Source-to-Pay process itself is quite broad but it covers most if not all the aspects of a procurement organization, at least from a process and technology perspective.

Optimal Sourcing 130

Optimal Sourcing Purchasing Skills Sourcing Strategies Sourcing 130

Taulia

JULY 7, 2022

As such, it encompasses numerous procurement-related activities, such as budgeting, sourcing, negotiating supplier discounts, analyzing spend, managing supplier relationships and managing inventory. Unclear policies or procedures. Renew policies and procedures.

Material Savings 52

Material Savings Purchasing Training Manufacturing Procurement Procurement Solutions 52

Supply Chain Game Changer

JULY 23, 2021

No matter what size of the business you run, it’s important to keep your information secure so that no one can steal sensitive data like customer records or financial documents by breaking into unprotected software and hardware systems—even if those systems belong only to tiny mom & pop shops with limited bandwidths for IT needs.

Security 98

Security Supply Chain Design Software Supply Chain Network Software Purchasing Training 98

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. A Bill of Materials (BOM) is a comprehensive list of all the items needed to manufacture a product. 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

Logility

OCTOBER 29, 2021

Regulatory turbulence created by Brexit and US trade and tax policies is having a big impact on real-time business planning according to one-third of respondents. It’s imperative for process manufacturers to document the chain of custody from the sources of the materials to the importer of record. Boosts quality control.

Manufacturing Procurement 130

Manufacturing Procurement Forecasting Supply Chain Planning Software Forecasting Software 130

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. RPA tools can help to capture, store, and extract data/records/files from unstructured sources.

Supply Chain Software 130

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

SupplyShift

NOVEMBER 30, 2018

The report, written by an ABA Business Law working group, claims to offer companies a way to live up to higher standards by moving beyond “corporate policy statements to the actual contract documents where those policies may have greater impact.” For example, do they work with labor brokers?

Supply Chain Software 52

Supply Chain Software Supply and Demand Supply Chain Policies 52

Precoro

NOVEMBER 13, 2023

Strategic sourcing is one of the most important causes of a favorable price variance. Strategic sourcing takes into account not only the immediate benefits of the offer (usually a lower price) but also considers the big-picture gains, such as discounting opportunities or delivery methods.

Purchasing Skills 98

Purchasing Skills Procurement Analytics Negotiating Skills Negotiate Pricing 98

Talking Logistics

MARCH 2, 2016

As reported in USA Today : [In a sourcing practice nicknamed “China plus one”], big brands like Rip Curl send their specifications — what they want made and how much they’re willing to pay for it — to sourcing agents, who find factories that agree to fulfill them. Define and document Supply Chain Mapping business processes.

North Korea 100

North Korea Supply Chain Visibility Logistics Network Optimization Software Supply Chain Software 100

CH Robinson Transportfolio

JUNE 29, 2020

Over the past several months, China has been the main source for PPE. China has recently implemented three key policies that relate to PPE exporting. Policy 5 requires all medical supplies to meet quality standards of the importing countries, this policy also separated out the process for medical-grade and non-medical-use devices.

Shipping 56

Shipping Manufacturing Procurement Cost Reduction Strategies Canada 56

Enterra Insights

SEPTEMBER 16, 2019

Consumers, activists, and investors increasingly want to know the products they buy are sourced sustainably and ethically. Transparency, on the other hand, involves moral and ethical dimensions of activities associated with sourcing and manufacturing. sources of raw materials. They are demanding more supply chain transparency.

Supply Chain Design Software 174

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 174

SCMDOJO

APRIL 20, 2023

The ideal candidate will have extensive experience in procurement, strong negotiation skills, and the ability to effectively communicate with vendors, internal stakeholders, and senior leadership.

Negotiating Skills 95

Negotiating Skills Optimal Sourcing Procurement Analytics Manufacturing Procurement 95