The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Breaking Boundaries: Exploring Generative AI’s Impact on Supply Chains Supply chains encompass many interconnected activities, from procurement, production, and inventory management, to logistics and distribution. These activities involve numerous stakeholders, such as suppliers, manufacturers, distributors, and retailers.

Optimal Sourcing 244

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Modeling 244

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

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

Jaggaer

FEBRUARY 11, 2020

For more, and to learn about all four steps of the autonomous procurement process, register for our webinar, “ Four Steps to Autonomous Procurement “ In modern procurement teams, many are wondering what will happen when AI technology is truly integrated into purchasing systems. Where Most Stand Today .

Procurement Solutions 80

Procurement Solutions Optimal Sourcing Procurement Sourcing Strategies 80

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

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

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

Logistics Viewpoints

JANUARY 12, 2022

Procurement and Supply Chain are Smarter Together – Practical Use Cases ; Dr. Madhav Durbha ( Coupa ). In a previous post , I made a case for how the Chief Supply Chain Officer (CSCO) and Chief Procurement Officer (CPO) are smarter together. Accordingly Supply Chain and Procurement will need continuous collaboration.

Optimal Sourcing 296

Optimal Sourcing Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Software 296

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. What makes us sure about this?

Optimal Sourcing 40

Optimal Sourcing Supply Chain Network Software Procurement Sourcing Strategies 40

EC Sourcing Group

JUNE 7, 2022

Everyone in the procurement and purchasing fields knows that sourcing is generally a process of getting the best product from top suppliers with good terms and price. When using advanced eSourcing tools, you’ll have a comprehensive eSourcing dashboard, a web-based, online platform where you’ll advertise sourcing needs.

Procurement Solutions 52

Procurement Solutions Optimization Software Supply Chain Software Optimal Sourcing 52

Logistics Viewpoints

MARCH 2, 2023

And a FourKites survey of 350+ supply chain leaders tells us that the past few years of supply chain disruptions — including COVID-19, market volatility, global political conflict, material shortages and extreme weather events — drove 73% of respondents to begin investing in supply chain visibility, with 46% planning to invest more in 2023.

Waste Reduction 197

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

The Logistics & Supply Chain Management Society

JULY 13, 2021

According to IDC’s 2020 Supply Chain Survey – 72.8% 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. Support remote workforces (75%).

Supply Chain Software 130

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

The Logistics & Supply Chain Management Society

JULY 16, 2023

The halal trust of a brand is measured through a consumer survey, analysing the consumer perception of the halal logo, excellence, transparency, halal authenticity, and intention. 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

crisp

DECEMBER 15, 2021

A recent survey of procurement leaders showed a 15-20% increase in ROI when using data and analytics to make decisions. That same survey showed that up to 50% of procurement teams’ time was spent looking for data. That same survey showed that up to 50% of procurement teams’ time was spent looking for data.

Procurement Analytics 98

Procurement Analytics Supply Chain Planning Software Manufacturing Procurement Material Savings 98

EC Sourcing Group

DECEMBER 14, 2020

If you think about the overall supply chain and how procurement is just one link in the chain, the RFP process is but one link in the procurement chain, but a very important one. . All of this type of software should speed up and automate your sourcing process. Survey & Scorecard or evaluation capability.

Supply Chain Software 52

Supply Chain Software Inventory Management Software Software EC Sourcing 52

Proxima

SEPTEMBER 13, 2023

Further, the report highlighted that four out of nine surveyed authorities, who had already taken back ownership of the PFI assets at expiry, were not satisfied with the asset’s condition. This can be further compounded by the possibility that documentation may have been handled in hard copy when the PFI was let. Big news, indeed.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Design 52

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

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 55

SupplyShift

DECEMBER 6, 2021

In the wake of supply chain disruptions and global shortages, businesses are quickly recognizing the need for greater visibility over their supply network, from documenting the origin of material components to tracking shipments. When executed properly, this invitation will cascade its way down the supply chain until it’s reached the source.

Supply Chain Software 52

Supply Chain Software Supply Chain Network Software Supply Chain Demand Planning Software 52

SupplyShift

DECEMBER 6, 2021

In the wake of supply chain disruptions and global shortages, businesses are quickly recognizing the need for greater visibility over their supply network, from documenting the origin of material components to tracking shipments. When executed properly, this invitation will cascade its way down the supply chain until it’s reached the source.

Supply Chain Software 52

Supply Chain Software Supply Chain Network Software Supply Chain Demand Planning Software 52

Supply Chain Movement

NOVEMBER 30, 2018

To illustrate his point, he used the example of a purchaser at an Italian company that mainly sources semi-finished products from France. A recent survey by the Chartered Institute of Procurement & Supply found that 43% of British businesses are unable to prepare for Brexit because of a lack of clarity about future trade agreements.

Gartner 68

Gartner New Zealand Spain Sourcing Strategies 68

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

Optimal Sourcing Procurement Analytics Manufacturing Procurement Supply Chain Software 19

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

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. This is based on a survey of 412 respondents from the Association for Financial Professionals (corporate practitioners).

Vendor Strategies 40

Vendor Strategies Cost Reduction Strategies Procurement Supply Chain Network Software 40

Supply Chain Matters

FEBRUARY 12, 2024

In salary and compensation levels, the Association for Supply Chain Management (ASCM) 2023 Annual Salary Survey pointed rather positive indicators entering this new year: The median income of supply chain management professionals rose 3 percent to $98,570. A reported 76 percent of job seekers were employed in less than three months.

Negotiating Skills 59

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

Talking Logistics

MAY 8, 2013

To make consumers and businesses more aware of this problem, Made in a Free World, with funding from the US State Department, launched slaveryfootprint.org , an online survey that calculates your “slavery footprint” — i.e., the likely number of slaves involved in making some of the products you use.

Supply Chain Planning Software 237

Supply Chain Planning Software Bangladesh Supply Chain Planning Supply Chain 237

Supply Chain Game Changer

AUGUST 19, 2022

In a 2021 Statista survey, over half of businesses surveyed found the supply chain disruptions to be extremely challenging , with faster response time as the most difficult hurdle to conquer. The journey from idea to end product to shipment and delivery is exciting, yes, but rather complicated — fueled with many moving parts.

Supply Chain Planning Software 97

Supply Chain Planning Software Vendor Strategies Supply Chain Network Software Optimization Software 97

Precoro

MAY 19, 2023

According to McKinsey survey of global supply chain leaders , only 53% of respondents describe the quality of data in their supply chain planning systems as “sufficient” or “high.” ” Yet leaders with high-quality master data are 1.5x less likely to be affected by supply chain disruptions.

Procurement Analytics 98

Procurement Analytics Metrics Supply Chain Planning Software Supply Chain Software 98

Precoro

JULY 18, 2022

It improves cash flow, drives additional savings, and helps procurement organizations make the most of dynamic discounting opportunities. However, regardless of changes in the flow, e-procurement software users save more than 50% of their time on invoicing. Procurement software automatically transfers it. Manual Data Entry.

Supply Chain Software 52

Supply Chain Software Procurement Solutions Optimization Software Optimal Sourcing 52

ITradeNetwork

OCTOBER 9, 2018

From a recent survey of some of the major grocery store chains conducted here at iTradeNetwork, sourcing locally fresh food is a direct response to their customer’s desire. But all food simply cannot be sourced locally. Producers will grow, package and sell it, and grocers will procure and stock it.

Food 40

Food North America Purchasing Skills Sourcing Strategies 40

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

Manufacturing Procurement Procurement Solutions Procurement Analytics Pricing Training 98

QAD

APRIL 27, 2023

Earlier this year, QAD hosted a live webinar to explore and analyze the trends that are likely to dominate the procurement world over the coming months. It’s no secret that procurement teams have an amplified role within their businesses and that many are left with questions — our goal was to offer answers.

Manufacturing Procurement 97

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 97

HICX Solutions

SEPTEMBER 23, 2020

Other studies have shown that knowledge workers can spend up to 50% of their time trying to locate data, identifying errors in data or seeking confirmatory sources of data to support information that they do not trust. 89% in this survey said, for example, that they do not have total oversight into their suppliers.

Cost Reduction Strategies 52

Cost Reduction Strategies Purchasing Skills Data Eliminating Excel in Purchasing 52

Precoro

DECEMBER 18, 2023

Medical institutions might not typically consider optimizing the healthcare procurement process a top priority. Yet procurement in healthcare influences the overall well-being of medical institutions and, ultimately, the quality of patient care. However, procurement in the healthcare industry has some unique aspects.

Procurement Solutions 59

Procurement Solutions Optimal Sourcing Procurement Analytics Procurement 59

Supply Chain View from the Field

APRIL 10, 2013

Spend Matters has grown to be a big part of the procurement landscape. The premise of his discussion at Coupa was around volatility, and the need for procurement transformation to stop and take a look at itself, and understand how becoming influential is becoming a bigger imperative. Look where it is today!

Conference 60

Conference San Francisco Modeling Software Supply Chain Network Software 60

EcoVadis

MAY 12, 2016

Audit reports can be a useful input when they are part of a more comprehensive sustainable procurement program. The EcoVadis assessment takes into account internal supplier documentation and any applicable 3rd party audits to verify the deployment of policies and procedures. Source: Heineken presentation on sustainable procurement.

Optimal Sourcing 40

Optimal Sourcing Supply Chain Planning Software Sourcing Strategies Supply Chain Software 40

GlobalTranz

MARCH 23, 2016

You use a Voice of the Customer (VoC) survey to obtain negatives and positives from your customers. All activities are documented by a team recorder. It typically describes how a process should consistently be executed and documents current ‘best practices.’ How do we monitor what our customers feel about us?

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Manufacturing Procurement Lean Sustainability 120