Logility

OCTOBER 6, 2021

For fashion companies, for example, supply chain traceability solutions document the chain of custody of your goods and inputs from the cotton source to the importer of record. Transaction Documentation. Traceability also makes it possible to collect and share documents related to each transaction.

Optimal Sourcing 130

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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). They do not relate to any overall company procurement goals and objectives.

Vendor Strategies 55

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HICX Solutions

FEBRUARY 26, 2020

In fact, according to a survey carried out by PayStream Advisors , 39% of enterprise-level (companies with revenues greater than $2bn) procurement and sourcing professionals listed ‘increasing supply chain efficiency’ as their main aim when it comes to managing suppliers.

Optimal Sourcing 40

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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

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ivalua

JUNE 12, 2020

The need for Procurement to improve collaboration with suppliers, and other stakeholders, has gained broad acceptance in recent years. To Procurement leaders’ credit, they have made significant improvements in collaborating with suppliers. I don’t source goods and services, I source relationships”. The first is people.

Vendor Strategies 130

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Supply Chain Game Changer

NOVEMBER 26, 2018

Check out Procurement Report Card: Most Executives Think Procurement Isn’t Strategic Enough! Looking back on the training process, our research, strategy, implementation and evaluation methods closely mirrored supplier relationship management and procurement management. Subscribe Here! Email Address.

Procurement Analytics 43

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Precoro

OCTOBER 16, 2023

Regardless of size or industry, every organization relies on procurement to achieve its objectives and stimulate growth. Procurement, the art of acquiring goods and services, is not just an option but a fundamental requirement for businesses to function smoothly. What is a Procurement Contract?

Procurement Solutions 98

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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

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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

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TransAudit

JUNE 27, 2023

It advances digitization efforts, facilitates data cleaning, and streamlines supply chain planning, procurement, and execution. Machine learning presents a solution by optimizing the flow of products from one location to another. Machine learning also plays a significant role in supplier relationship management.

Optimal Sourcing 69

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Supply Chain Game Changer

JUNE 23, 2021

Featuring Our 12 Best Procurement Articles! The process, commonly managed through numerous threads of emails with attachments of documents in Microsoft words and/or excel format, phone conversations, face-to-face meetings, and paper notes, makes all the information a challenge to sort through and organize. Subscribe Here!

Optimal Sourcing 72

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Kodiak Hub

SEPTEMBER 1, 2022

Gathering it all is one thing, presenting it in a way that the CEO can read, understand and sign off on it in the 30 seconds he has set aside for the task is another. Check out this article on How Procurement Teams are Drowning in Data without being able to leverage it. But that’s not even the best part.

Procurement Analytics 52

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TransAudit

JULY 6, 2023

It advances digitization efforts, facilitates data cleaning, and streamlines supply chain planning, procurement, and execution. Machine learning presents a solution by optimizing the flow of products from one location to another. Machine learning also plays a significant role in supplier relationship management.

Optimal Sourcing 52

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Supply Chain Opz

JANUARY 22, 2016

Brian Miller, VP of Services at Intesource, a PROACTIS company Managed services is a sourcing approach less common in the procurement industry today, but poised to grow tremendously over the next couple years. Customs filing is already integrated with 90% of the countries you are shipping to.

Predictive Analytics Software 100

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Supply Chain Game Changer

NOVEMBER 16, 2022

Why Procurement Transformation Can Fail! The duties of procurement managers are diverse, ranging from creating solicitations to collaborating with vendors. The importance of digital procurement is increasing rapidly. Along with cost savings, procurement managers are focusing on optimizing and automating processes.

Optimal Sourcing 19

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ivalua

MARCH 4, 2016

Recently I attended a conference for Strategic Sourcing in the medical device manufacturing sector. About 60 Procurement Managers, Directors, and Executives attended from top medical device manufacturing companies. The latter is of particular importance since second sourcing can often be very expensive in this sector.

Supply Chain Software 100

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Unleashed

OCTOBER 27, 2020

Medical device manufacturers and distributors – whether they’re selling tongue depressors or sophisticated diagnostic machinery – need robust and well-documented quality management systems in place. These are medical products that deliberately/fraudulently misrepresent their identity, composition or source.

Manufacturing Procurement 105

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GlobalTranz

OCTOBER 19, 2018

Challenges in Using Blockchain in E-Commerce The difficulties of blockchain depend on the source questioned. In other words, the technology will continue to present challenges until its use becomes a standard in global and domestic trade. Standardized practices will reduce delays when crossing international borders. Download Here.

Logistics Network Optimization Software 211

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The Logistics & Supply Chain Management Society

JANUARY 13, 2021

There are however many other companies that do not trade tangible goods across borders but may be able to benefit from provisions on services, investment and government procurement etc. Documentation to be presented. For FTAs to be better considered and used, many conditions need to be met. What constitutes minimal processing.

Pricing Training 245

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NC State SCRC

NOVEMBER 24, 2016

The procurement function (contracting supply chain) typically provides the market & commercial expertise for creating the contract. The Business function is thus deemed to chair a collaborative Contract Management Team of Procurement, HSSE, Key Users, Finance, etc. A number of other interesting themes were also discovered.

Negotiating Skills 40

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Supply Chain Game Changer

APRIL 29, 2021

Now there are increasingly competitive and political pressures to bolster their domestic production, resume hiring, and minimize or eliminate their reliance on external sources that are perceived as risky. These major shifts will likely have various implications for the procurement process. Source: supplychaindigital.com.

Supply Chain Software 135

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Talking Logistics

MAY 8, 2013

Coincidentally, at the Ariba LIVE 2013 conference yesterday, I attended a presentation by Justin Dillon, Founder and CEO of Made in a Free World , a nonprofit group that is “building a coalition of consumers, businesses, and governments to disrupt the system of slavery.”

Supply Chain Planning Software 237

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Precoro

JANUARY 15, 2024

Every procurement professional faces a time when they have to make a purchase in unfamiliar territory. Alternatively, when an organization embarks on a new project, procurement managers are tasked with finding the ideal supplier that aligns with the project’s requirements. That’s when RFQs and RFPs come into play.

Purchasing Skills 59

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NC State SCRC

AUGUST 6, 2016

This project presents an opportunity to benchmark salaries (base salary, incentive compensation and equity/stock grants, etc. Contract Management Process Documentation & Knowledge Sharing Currently, contract management group processes are not well defined or documented. Can’t wait for the gun to go off!

Sourcing Strategies 40

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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

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Precoro

MAY 19, 2023

The right metrics can shed light on how cost-effective a company’s processes are when it comes to the flow of goods, both at the inbound stages of procurement and outbound all the way to the customer. This way, companies can avoid any stock-based issues and delays. Give it a try with a 14-day free trial.

Procurement Analytics 98

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HICX Solutions

JANUARY 31, 2019

In this article, experts identify which steps in the procurement process are most likely to benefit from the AI revolution. One of the main uses for artificial intelligence in procurement is to meld internal and external data to provide enhanced supplier risk management. Smarter sourcing. Data-driven decisions.

Procurement Solutions 40

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Precoro

OCTOBER 6, 2022

With the global market expansion and deepening supply chain complexity, the roles of procurement leaders have evolved from tactical to strategic. Nowadays, procurement departments not only focus on the day-to-day buying operations but also search for the most efficient ways to go about them. Types of Procurement Analytics.

Manufacturing Procurement 98

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Unleashed

MARCH 28, 2021

Supplier Relationship Management (SRM) is a management concept frequently used by procurement and supply chain professionals. Sourcing new suppliers, trialling products, and negotiating contracts can be costly and time-consuming. This is part of your sourcing roadmap. What is supplier relationship management?

Negotiate Pricing 111

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Talking Logistics

JULY 25, 2018

In fact, at one conference this spring, after delivering a keynote presentation that had nothing to do with technology, the very first question I received from the audience was “What do you think about blockchain and its potential in supply chain management?”. Source: IBM. Source: IBM).

Supply Chain Planning Software 106

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Enterra Insights

JUNE 11, 2018

.”[1] What Potts discovered was that people living near the lake used tools made from obsidian and the nearest source of that stone was over a hundred miles away. The amount of obsidian discovered near the lake makes it unlikely the local population was self-sourcing. But the basics … of the supply chain will always exist.”[3]

Supply Chain Planning Software 113

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Precoro

SEPTEMBER 2, 2022

For some businesses – usually smaller or with a single-source purchasing flow – it may be sustainable to react to the immediate needs. However, growing organizations that face increasing complexity recognize the value of thoughtfully-planned and managed procurement. Office supplies would be an example of indirect procurement.

Manufacturing Procurement 98

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Supply Chain View from the Field

MAY 10, 2015

This was followed by a presentation Reggie Hedgebeth, Senior Counsel, of the major growth objectives that lie ahead for Union Gas. These presentations led to the discussion of the theme for the meeting on Focused Performance, which entailed the need to drive out inefficiencies from current operations modes.

Negotiating Skills 60

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Supply Chain Shaman

AUGUST 16, 2015

In the period of 2002-present, the company acquired/aggregated many applications. The Infor team presented the acquisition opportunity as an opportunity to extend ERP to the value chain, to automated inter-enterprise order management and to sell more Infor solutions. In 2014, SAP posted revenues of 19.5B$ and Oracle with 38.3B$.

Prescriptive Analytics Software 150

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Supply Chain View from the Field

AUGUST 27, 2014

Students will learn core processes around initial exploration and assessment of supply chain relationships, establishing metrics/expectations for the relationship, crafting and managing contracts, and sustaining continuous performance improvement in sourcing, logistics and operations.

Negotiating Skills 68

Negotiating Skills Negotiate Pricing Supply Chain Design Software Manufacturing Procurement 68

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

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Supply Chain Matters

FEBRUARY 12, 2024

With government trade policies favoring more domestic sourcing of deemed strategic supply networks such as semiconductor devices, there are already indications across the U.S. and Europe for programs to train workers in specialized technical dimensions of such production.

Negotiating Skills 59

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