Supply Chain View from the Field

NOVEMBER 16, 2013

I recently completed a study of 25 CPO’s, each providing their view of what procurement will look like in 2025. Procurement has a history that is linked in the core concepts of centralization, volume leveraging, and cost reduction. You can download the full report at this link.

Manufacturing Procurement 60

Manufacturing Procurement Procurement Analytics Optimal Sourcing Study 60

Kodiak Hub

SEPTEMBER 23, 2021

Procurement is a function that is undergoing an exciting transformation in the majority of global value chains; simultaneously, within its own strategy, process, and technology. This is an exciting time to be a procurement practitioner, as well as a vendor of ProcureTech solutions. It’s time to air our dirty laundry.

Optimal Sourcing 59

Optimal Sourcing Procurement Supply Chain Planning Software Modeling Software 59

Supply Chain Shaman

APRIL 15, 2020

My first focus was on China sourcing. No doubt about it, we are characters in a supply chain case study searching to define a new normal. Today, we find ourselves in the middle of a risk management case study. China was the source of over 90% of PPE.) Document your supply chain black holes. Redefine Visibility.

Supply Chain Planning Software 427

Supply Chain Planning Software Supply Chain Design Software Modeling Supply and Demand 427

Supply Chain View from the Field

NOVEMBER 6, 2015

I will be leading a webinar with the Sourcing Interest Group next Nov. 12 at 2 PM, based on a study I have been working on with some folks at IBM. The webinar will also include Howard Richman, a colleague I have known for many years, first at Merck, and now working at Citrix as their Chief Procurement Officer.

Procurement Analytics 60

Procurement Analytics Procurement Solutions Analytics Software Optimal Sourcing 60

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 94

Procurement Solutions Supply Chain Planning Software Supplier Management Modeling Software 94

Supply Chain Game Changer

JULY 3, 2019

Sustainability is created at the source of our products, services, and consumption. Sustainability is created from Responsible Sourcing. How can you make Responsible Sourcing a Reality? If you can excite the people around you about sourcing responsibly, chances are you’ll be able to formulate a network of internal champions.

Sourcing Strategies 58

Sourcing Strategies Purchasing Skills Sourcing Sustainability 58

Supply Chain Shaman

DECEMBER 30, 2014

Intellectually, while I will know that year has changed, I will screw-up time, and time, again by writing 2014 on documents for many, many months. The reporting of manufacturing and procurement organizations through the supply chain leader has the probability of the flip of a coin. Tomorrow starts a new year. It was a special club.

Agile and Lean Supply Chain 287

Agile and Lean Supply Chain Supply Chain Strategy Manufacturing Procurement Supply Chain 287

Eyvo

APRIL 19, 2019

Client Case Study Video Interview with Lucid Motors, Menlo Park, CA. We did a comprehensive market analysis of the majority of the procurement tools that were available to us and we decided upon the Eyvo eBA system due to a combination of high functionality and reasonable cost.

Case Study 40

Case Study Procurement Solutions Video Study 40

QAD

AUGUST 16, 2022

The article also quotes a McKinsey study that only 21% of companies have visibility beyond their tier one suppliers, and only 2% have visibility into their tier three suppliers. QAD SRM delivers the tools to improve real-time communication and procurement processes and to counteract supply risks.

Optimal Sourcing 94

Optimal Sourcing Supply Chain Software Manufacturing Procurement Supply Chain Design Software 94

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

Vendor Strategies Material Savings Optimal Sourcing Supply Chain Planning Software 130

AFFLINK

MAY 11, 2017

In much the same way, any business seeking success in the procurement management environment should address the fundamentals first. Procurement management accountability builds from having processes and quality controls that meet or surpass customer expectations. The late John Wooden focused on fundamentals. Reinforcing Accountability.

Optimal Sourcing 61

Optimal Sourcing Sourcing Strategies Procurement Cost Reduction Strategies 61

Logistics Viewpoints

MARCH 2, 2023

A famous 2010 HBR article, “Roaring Out of Recession,” studied how 4,700 public companies fared during the recessions of 1980, 1990, and 2000. But we’re also seeing many of the supply chain industry’s biggest digital pioneers displaying real moxie in recognizing the opportunity in front of them. Reduced working capital.

Waste Reduction 197

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

QAD

MAY 24, 2023

Automate Your Procurement and Sourcing Efforts Procurement and sourcing are core supply chain activities, as it affects almost every aspect of your company’s operations and profit margins. Yet, so often, purchasing and sourcing teams have to rely on manual processes and outdated tools.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chain Design Software Optimal Sourcing 52

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

Supply Chain View from the Field

MARCH 29, 2013

As I’ve continued with my research on the future faces of procurement, a consistent theme that has come up again and again is the need for increased interaction between the legal and procurement groups in organizations. We had a procurement team, a contracts team, and legal people – and it wasn’t very efficient.

Procurement 76

Procurement Negotiating Skills Sourcing Strategies Supply Chain 76

Logistics Viewpoints

AUGUST 29, 2022

They got those documents quickly, and then got them in the hands of all employees and suppliers in 24 hours. One of the players in this market, Resilinc, is monitoring 105 million data sources. The shut-down forecast also allowed the company to position extra PPEs at its 3 Italian plants. This data needs to be curated.

Risk Management 194

Risk Management Supply Chain Planning Software Supply Chain Design Software Supply Chain Risk Management 194

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

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

Kodiak Hub

SEPTEMBER 1, 2022

Whether you’re already at those heady heights of management or you’re dreaming of getting there some day soon, the following case studies will help you prepare for the day the CPO, CFO or even CEO comes knocking. Check out this article on How Procurement Teams are Drowning in Data without being able to leverage it.

Procurement Analytics 52

Procurement Analytics Purchasing Skills Procurement Solutions Buyer Training 52

NC State SCRC

FEBRUARY 8, 2018

The concept level design phase is typically summarized in a system concept document. This phase is followed by system level development, resulting in system performance requirements and description documents. The subsystem and component level phase yields product performance requirements and design documents.

Manufacturing Procurement 40

Manufacturing Procurement Supply Chain Design Software Optimal Sourcing Supply Chain Design 40

KEPLER Consulting

SEPTEMBER 3, 2019

When it comes to new supplier identification, negotiation or strategic sourcing process, many of our clients need to increase the level of expertise and empowerment without adding headcount. Moreover, supplier scouting could be extremely time consuming if the focus on the most promising areas is not enough defined and documented.

Negotiating Skills 56

Negotiating Skills Optimal Sourcing Sourcing Strategies Resource Reduction 56

NC State SCRC

JUNE 29, 2017

There is increasing evidence that blockchain (or Distributed Ledger Technology ) is not a standalone solution, but will emerge more as an open source utility, much like the Internet. Only 5%% of payments are made by procurement cards – and 34% are made by ACH Credits! The article goes on to share even more stunning news.

Vendor Strategies 40

Vendor Strategies Cost Reduction Strategies Procurement Supply Chain Network Software 40

NC State SCRC

JULY 21, 2022

Generally speaking, the Antitrust Division can start investigating based on just about any source of information, including complaints from private citizens. Very often, this requires collecting and reviewing millions of documents from a company, by utilizing the power of the grand jury. So, what triggers an investigation?

Pharmaceutical 52

Pharmaceutical Supply Chain San Francisco New Hampshire 52

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. Reconsider prime approaches regarding the procurement of data and its management. Strategy for Metadata.

Data Management 52

Data Management Sourcing Strategies Optimal Sourcing Data 52

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

Negotiating Skills Optimal Sourcing Purchasing Skills Procurement 40

Supply Chain Shaman

JUNE 18, 2015

In supply chain strategy documents, terms like alignment, agility, responsiveness, and flexibility dot the page. In discrete industries, the early supply chain organizations reported to procurement. How can we move forward if we cannot align? At a principle level, everyone agrees with the concepts. The goal was efficiency.

Sourcing Strategies 150

Sourcing Strategies Agile and Lean Supply Chain Inventory Reduction Supply Chain Design 150

NC State SCRC

APRIL 6, 2019

Lots to think about here… and also a great precursor to our upcoming SCRC meeting on the interaction between marketing and procurement. Contract management is a key stage within the strategic sourcing process. Another inclusive technological option for contract management is a document management system.

Supply Chain Design Software 58

Supply Chain Design Software Supply Chain Software Negotiating Skills Optimal Sourcing 58

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

Manufacturing Procurement Supply Chain Design Software Manufacturing Inventory Management Software 105

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

Negotiating Skills Predictive Analytics Software Supply Chain Planning Software Supply Chain Software 59

Jaggaer

OCTOBER 6, 2020

“We have captured many benefits thanks to the decision we took to extend our JAGGAER implementation to include sourcing. And not least, double-digit cost savings on our electronic sourcing bid events.”. Scott Schlotthauer Chief Procurement Officer Oklahoma State University. Our procurement portal is fondly known as the O.K.

Purchasing Skills 52

Purchasing Skills Sourcing Strategies Cost Reduction Strategies Sourcing 52

The Logistics & Supply Chain Management Society

NOVEMBER 15, 2021

A recent study claims that as much as 20% of invoices are incorrect, making billing accuracy a significant industry problem. Another study from the Dreary Report from 2018, states that inefficiencies, pain points and lack of automation in the maritime industry result in costs adding up to a staggering $34.4 MORE FROM THIS EDITION.

Study 246

Study Forecasting Software Freight Logistics Network Optimization Software 246

Unleashed

AUGUST 17, 2021

Source: g2.com These include inventory management, supply chain operations, procurement, project management, financial management, risk management and compliance. Importantly, it facilitates team collaboration by allowing for document sharing – and giving a view of dependencies and responsibilities within big projects.

Inventory Management Software 97

Inventory Management Software Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software 97

Claritum

JANUARY 25, 2019

Claritum Article - Procurement Blog. The level of understanding of procurement automation within a company influences significantly the adoption. There are many benefits for SMEs adopting Procurement automation. Better use of scarce resources to procure goods and services. A seamless and fast procurement process.

Negotiating Skills 36

Negotiating Skills Negotiate Pricing Supply Chain Software Purchasing Skills 36

Supply Chain View from the Field

DECEMBER 16, 2013

I’ve had the good fortune to be presented with opportunities for compelling discussions with a significant group of leading thinkers, senior executives in procurement, logistics, and technology management over this past year. This complexity is occurring in many forms. Supply Chain Technology Investments Will Continue to Escalate.

Predictive Analytics 117

Predictive Analytics Analytics Software Procurement Analytics Supply Chain Design Software 117

EC Sourcing Group

MARCH 3, 2020

I have plenty of client case studies that document time savings of 40% or more. The benefits go far beyond procurement. Savings goals can be achieved and documented. Why shouldn’t you be able to eliminate redundant and inefficient tasks in your day-to-day sourcing life? Absolutely. You can accomplish both goals. .

Optimal Sourcing 52

Optimal Sourcing Procurement Negotiating Skills Cost Reduction Strategies 52

Talking Logistics

JULY 25, 2018

Think of it as a business intelligence dashboard for the business user that displays information gathered from EDI transactions in the context of the Order-to-Cash or Procure-to-Pay process. Source: IBM. IBM Case Study: Supply Chain Intelligence, Watson, and Resolution Rooms. Source: IBM).

Supply Chain Planning Software 106

Supply Chain Planning Software Supply Chain Software Supply Chain Network Software Predictive Analytics Software 106

SupplyShift

NOVEMBER 4, 2020

To reuse the Kraft Heinz example, something like: Procure most electricity from renewable sources by 2025 and decrease energy usage by 15 percent. Achieve 100 percent sustainably sourced tomatoes by 2025, 100 percent sustainable and traceable palm oil by 2022, and 100 percent cage-free eggs globally by 2025 (among other ingredients).

Supply Chain Planning Software 52

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