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I will be leading a webinar with the Sourcing Interest Group next Nov. In particular, there is a noticeable gap between procurement executives’ explicit intentions of driving value for the business, and documented results as they pertain to improved engagement with internal business groups, ability to drive innovative analytical tools, and the resulting gap in alignment with business strategy. 12 at 2 PM, based on a study I have been working on with some folks at IBM. MORE
This white paper will seek to document not only what the future holds in store for the materials man (or the buying woman!”) Strategic Sourcing Supplier Relationship Management Supply chain Relationships Supply Chain Talent Supply Chain Talent Management Supply Market Intelligence I recently completed a study of 25 CPO’s, each providing their view of what procurement will look like in 2025. You can download the full report at this link. MORE
Spend analysis does not need to occur only on an annual basis, but can be applied also to reviews of a category or subcategory of spend that occurs when a contract is being negotiated, or when a strategic sourcing project is initiated for a particular category group. Spend analysis is also a critical component of effective budget planning, and setting key performance indicators for sourcing teams to consider in their assigned duties. MORE
Ensure that no new parts contain the 57 hazardous substances documented in our policies, and that volumes for existing parts be reduced to X PPM. Corporate Social Responsibility Emerging Issues in Supply Chain Procurement Sustainability Strategic Sourcing Supply Chain Ethics Supply Chain Management SustainabilityA new post discussed the development of a sustainable procurement standard developed by the International Standards Organization. MORE
As part of my weekly routine, I speak with many talented people in sourcing about their challenges. This was not a business-friendly document. MORE
Single source of truth for suppliers. More strategically, the integration – coupled with master data governance – means AutoNation now has a single source of truth on suppliers that feeds all ERP systems through an automated process, ensuring consistency in the data. ” You can read more about how AutoNation benefitted from building a single source of truth for its supplier data in this case study. MORE
Transfer pricing documentation requirements. Strategic sourcing through duty relief programme and trade agreements. Register now >> Events AEO certification c5 communications limited Conference customs Customs compliance discount event Forum government officials HMRC obligations roundtables sourcing supply chain9th Advanced Forum on Customs Compliance. Date: 15-16 November, 2016. Venue: London, UK. Organizer: C5 Communications Limited in partnership with HMRC. MORE
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. in this case, responsible sourcing. Source Smarter. Source: Purina. Source: Nestlé. procurement #sourcing #purchasing. MORE
Those companies that have only digitized their processes as they existed on paper–by replacing physical documents with electronic forms –haven’t yet reached step one. “Good procurement teams look for ways to develop new approaches to sourcing, supplier management, purchasing, and more.” Instead, good procurement teams look for ways to develop new approaches to sourcing, supplier management, purchasing, and more. eProcurement Source-to-Pay MORE
Guarav’s story is also documented in the recent post in the Jenkins news page. Next, students perform a detailed supplier evaluation for a global sourcing case study, involving a high tech situation. Guarav noted that “my experience on the project involved a supplier financial risk assessment, for sourcing in countries where financial ratios and information are not always readily available. MORE
The technology has been around for a long time, but many organizations and countries still require the maintenance of original signed documents, with all of their accompanying costs and inefficiencies. All must agree to the precise form of that document before the release of international freight and the transfer of funds. When it comes to technological innovation, however, hype is no benchmark for success. MORE
We need to look at alternative sources of procurement, of production, alternative factories, alternative countries. In the longer term he says they are focused on “Diversification of sourcing, reducing the dependence of single-source suppliers, and developing relationships with the key partners or IT [vendors] … and invest like no other into demand planning and control towers to give us the most fine-tuned information,” and ability to start making “crystal-ball like” predictions. MORE
Documents, operational print and marketing print are often considered as discrete requirements and most reviews will focus on each segment individually. Individual document and print jobs can be automatically routed to internal production facilities or external printers based on turn-around time, production requirements, deadline, price, quantity and a host of other criteria. So take a look at your entire print and document spend….and Why not right source your print? MORE
Contract Management Process Documentation & Knowledge Sharing Currently, contract management group processes are not well defined or documented. There is an opportunity to simplify and standardize the processes further through the documentation process. The team on this project will be interviewing contract management team members to document contracting processes. Commodity/Category sourcing profiles within Research and Development (R&D). MORE
“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.”. Since then OSU has conducted around 900 sourcing events via JAGGAER. MORE
Global Sourcing Director – Methods, Tools & Responsible Sourcing (Bel Group). She is the Global Sourcing Director – Methods, Tools & Responsible Sourcing, and she has 10 years of experience in Responsible Purchasing. Launched in 2018 with Shui Mahieu, Sustain gave us an opportunity to embellish our gallery with portraits of responsible purchasing professionals. MORE
My first focus was on China sourcing. China was the source of over 90% of PPE.) As I watch the news and work on client documents in my quarantine, I try to manage my emotions. Document your supply chain black holes. Put butcher block paper on the wall and draw your supply chain from the customer’s customer to the supplier’s supplier and then start to document your black holes or areas where you cannot see supply chain data at the speed of business. MORE
In sourcing, data must be tracked over the entire life of a supplier. Then the evaluation of the supplier must be documented, and linked presumably to a category strategy (although not in all cases…). We recently had a senior data analytics professional from a large financial services organization speak in my MBA Supply Chain relationships class. MORE
In last week’s blog , I began discussing telltale signs that you have entered the new age of strategic sourcing. Leading manufacturers have proven that best-in-class strategic sourcing can create measurable and sustainable shareholder value by contributing to top line growth and bottom line profitability. Improving costs remains a core competency for any sourcing organization. Strategic Sourcing Requires Collaborative Working Arrangements with Key Suppliers. MORE
In a year full of recognition from industry analysts, JAGGAER was named by customers as a 2018 Gartner Peer Insights Customers’ Choice for Strategic Sourcing Application Suites. After being named a Leader by Gartner analysts in Gartner’s 2018 Magic Quadrant for Strategic Sourcing Application Suites and Gartner’s 2018 Magic Quadrant for Procure-to-Pay Suites*, JAGGAER was recognized on Gartner Peer Insights as a direct reflection of customer satisfaction. MORE
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. Each team will develop a written contract with selected partner(s) that documents the agreement resulting from the negotiation process. MORE
Direct conversations through on-site engagement with different lines of business is the most direct and effective means of understanding how sourcing processes are occurring today, as well as understanding how the sourcing need evolves and is expressed to suppliers. Supplier registration processes need to be designed around sourcing engagement processes, which track the supplier life cycle. Procure to Pay Strategic Sourcing Supply chain analytics MORE
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. Financial Services Legislation EBA guidelines eprocurement financial services procurement outsourcing peter smith procurement risk management strategic sourcing process strategic suppliers supplier relationship management suppliers risk MORE
At the present, a number of open-source software are accessible over the Internet. Magento, combined with other open-source technologies, enable businesses all over the world to make reliable and flexible customer-oriented solutions. Many are still skeptical about open-source, but the software poses practical and philosophical reasons that should not be ignored. Through the open-source software, businesses can modify solutions according to their particular needs. MORE
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. defense firms tend to follow a traditional “white box” sourcing approach, as shown in this figure. Product development within the U.S. MORE
In global supply chain , most companies try to take an advantage of low-cost country sourcing to drive material costs down. You have to include a shipping document and damage report or survey port for an insurance claim adjuster as well. NAVIGATE. Basics. Case Studies. Graphics. All Posts. About. Copyright. Privacy. Blogroll. Incoterms 2010 the Right Way. The complexity of this practice is how to divide the responsibilities of each trading partner effectively. MORE
The chain of custody certification offers the ability for public and private entities to chronologically document (physically or electronically) the ingredients, components and final products, their condition from production to destination as well as along the distribution lines recording any disruption in the product’s environment that could negatively influence the products quality or performance. This documentation should be precise enough to also be validated by a court. MORE
Trump’s action with 3M raises questions for any country about what their Strategic Stockpiles should be and whether future sourcing decisions and actions should be based on parochial nationalistic needs or magnanimous global needs. Will this mean countries will be looking to establish more strategic national, domestic sources in the future in addition to their national stockpiles? Sourcing mapping for existing and potential suppliers. Subscribe Here! Email Address. MORE
Doing business with suppliers located overseas or in another country can be an overwhelming and daunting task even for expert Sourcing professionals. But beyond that he had no idea on where to start to source his product. Large companies can afford to have Strategic Sourcing Procurement staff around the world. There are a myriad of processes, controls, conditions and situations that need to be managed to ensure that your products are sourced consistent with your expectations. MORE
Over last decade, sourcing offices became a major piece within globalized footprint of western retailers. After a first era of development and opportunity catch up particularly positive and characterized by consistent purchasing gains , most of these Sourcing Offices are now searching for their second breath. Back to the origins, the Sourcing Offices have been developed by retailers for two main reasons: #1 Gather demands coming from various entities within a same group. MORE
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. Here are some recommendations: Identify and document the root causes of poor supply chain visibility. Define and document Supply Chain Mapping business processes. MORE
I believe we need to move to Open Source tech. This transition from closed and proprietary solutions to open source capabilities will not happen quickly. The Hyperledger project is an Open Source blockchain platform. Our goal is to test the open source version from IBM in the digital sandbox/lab environment at Schneider Electric. Document Sharing. Hyperledger. Blockchain. New concepts? Get used to it. They are here to stay. MORE
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. Having access to validations and documents from the onboarding process onwards makes life much easier for departments that need access to that information. MORE
As part of the Supply Chain Management, an important task of the sourcing team is to identify and Onboard new suppliers regularly. Legal Documents – Tax Registration details document, W9 registration forms , other documents like Business Certification etc. MORE
Google a phrase like “sourcing products from China” and you’ll instantly be faced by almost 39 million results! You need to source for products to sell at wholesale prices to your retail customers. And the place to source for most, if not all, of your products is in China. This blog post doesn’t aim to be the ultimate guide to sourcing goods from China. I like to start with a broad-based search at Alibaba and Global Sources. Introduction. MORE
Retail Supply Chain & Logistics Trends Ariba LIVE 2013 Bangladesh factory collapse California Transparency in Supply Chains Act of 2010 Disney Executive Order Strengthening Protections Against Trafficking In Persons In Federal Contracts Justin Dillon Made in a Free World procurement responsible sourcing slavery slavery footprint State Department supply chain visibility MORE
TPSynergy
AUGUST 29, 2020
As part of the Supply Chain Management, an important task of the sourcing team is to identify and Onboard new suppliers regularly. Legal Documents – Tax Registration details document, W9 registration forms , other documents like Business Certification etc.
ivalua
JULY 22, 2015
In last week’s blog , I began discussing telltale signs that you have entered the new age of strategic sourcing. Leading manufacturers have proven that best-in-class strategic sourcing can create measurable and sustainable shareholder value by contributing to top line growth and bottom line profitability. Improving costs remains a core competency for any sourcing organization. Strategic Sourcing Requires Collaborative Working Arrangements with Key Suppliers.
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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. in this case, responsible sourcing. Source Smarter. Source: Purina. Source: Nestlé. procurement #sourcing #purchasing.
Supply Chain Game Changer
NOVEMBER 20, 2018
Doing business with suppliers located overseas or in another country can be an overwhelming and daunting task even for expert Sourcing professionals. But beyond that he had no idea on where to start to source his product. Large companies can afford to have Strategic Sourcing Procurement staff around the world. There are a myriad of processes, controls, conditions and situations that need to be managed to ensure that your products are sourced consistent with your expectations.
EMERGE App
JULY 11, 2018
Google a phrase like “sourcing products from China” and you’ll instantly be faced by almost 39 million results! You need to source for products to sell at wholesale prices to your retail customers. And the place to source for most, if not all, of your products is in China. This blog post doesn’t aim to be the ultimate guide to sourcing goods from China. I like to start with a broad-based search at Alibaba and Global Sources. Introduction.
KEPLER Consulting
OCTOBER 18, 2017
Over last decade, sourcing offices became a major piece within globalized footprint of western retailers. After a first era of development and opportunity catch up particularly positive and characterized by consistent purchasing gains , most of these Sourcing Offices are now searching for their second breath. Back to the origins, the Sourcing Offices have been developed by retailers for two main reasons: #1 Gather demands coming from various entities within a same group.
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Supply Chain View from the Field
AUGUST 4, 2014
Direct conversations through on-site engagement with different lines of business is the most direct and effective means of understanding how sourcing processes are occurring today, as well as understanding how the sourcing need evolves and is expressed to suppliers. Supplier registration processes need to be designed around sourcing engagement processes, which track the supplier life cycle. Procure to Pay Strategic Sourcing Supply chain analytics
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.”. Since then OSU has conducted around 900 sourcing events via JAGGAER.
Descartes
FEBRUARY 11, 2016
At the present, a number of open-source software are accessible over the Internet. Magento, combined with other open-source technologies, enable businesses all over the world to make reliable and flexible customer-oriented solutions. Many are still skeptical about open-source, but the software poses practical and philosophical reasons that should not be ignored. Through the open-source software, businesses can modify solutions according to their particular needs.
Supply Chain Game Changer
APRIL 14, 2020
Trump’s action with 3M raises questions for any country about what their Strategic Stockpiles should be and whether future sourcing decisions and actions should be based on parochial nationalistic needs or magnanimous global needs. Will this mean countries will be looking to establish more strategic national, domestic sources in the future in addition to their national stockpiles? Sourcing mapping for existing and potential suppliers. Subscribe Here! Email Address.
Global Trade Management
MAY 22, 2017
The chain of custody certification offers the ability for public and private entities to chronologically document (physically or electronically) the ingredients, components and final products, their condition from production to destination as well as along the distribution lines recording any disruption in the product’s environment that could negatively influence the products quality or performance. This documentation should be precise enough to also be validated by a court.
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Supply Chain Shaman
JANUARY 9, 2017
I believe we need to move to Open Source tech. This transition from closed and proprietary solutions to open source capabilities will not happen quickly. The Hyperledger project is an Open Source blockchain platform. Our goal is to test the open source version from IBM in the digital sandbox/lab environment at Schneider Electric. Document Sharing. Hyperledger. Blockchain. New concepts? Get used to it. They are here to stay.
Jaggaer
NOVEMBER 29, 2018
In a year full of recognition from industry analysts, JAGGAER was named by customers as a 2018 Gartner Peer Insights Customers’ Choice for Strategic Sourcing Application Suites. After being named a Leader by Gartner analysts in Gartner’s 2018 Magic Quadrant for Strategic Sourcing Application Suites and Gartner’s 2018 Magic Quadrant for Procure-to-Pay Suites*, JAGGAER was recognized on Gartner Peer Insights as a direct reflection of customer satisfaction.
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. Here are some recommendations: Identify and document the root causes of poor supply chain visibility. Define and document Supply Chain Mapping business processes.
Talking Logistics
MAY 8, 2013
Retail Supply Chain & Logistics Trends Ariba LIVE 2013 Bangladesh factory collapse California Transparency in Supply Chains Act of 2010 Disney Executive Order Strengthening Protections Against Trafficking In Persons In Federal Contracts Justin Dillon Made in a Free World procurement responsible sourcing slavery slavery footprint State Department supply chain visibility
Claritum
OCTOBER 30, 2017
Documents, operational print and marketing print are often considered as discrete requirements and most reviews will focus on each segment individually. Individual document and print jobs can be automatically routed to internal production facilities or external printers based on turn-around time, production requirements, deadline, price, quantity and a host of other criteria. So take a look at your entire print and document spend….and Why not right source your print?
EC Sourcing Group
MARCH 6, 2019
As part of my weekly routine, I speak with many talented people in sourcing about their challenges. This was not a business-friendly document.
EcoVadis
NOVEMBER 26, 2019
Global Sourcing Director – Methods, Tools & Responsible Sourcing (Bel Group). She is the Global Sourcing Director – Methods, Tools & Responsible Sourcing, and she has 10 years of experience in Responsible Purchasing. Launched in 2018 with Shui Mahieu, Sustain gave us an opportunity to embellish our gallery with portraits of responsible purchasing professionals.
HICX Solutions
MAY 7, 2020
Single source of truth for suppliers. More strategically, the integration – coupled with master data governance – means AutoNation now has a single source of truth on suppliers that feeds all ERP systems through an automated process, ensuring consistency in the data. ” You can read more about how AutoNation benefitted from building a single source of truth for its supplier data in this case study.
Jaggaer
FEBRUARY 11, 2020
Those companies that have only digitized their processes as they existed on paper–by replacing physical documents with electronic forms –haven’t yet reached step one. “Good procurement teams look for ways to develop new approaches to sourcing, supplier management, purchasing, and more.” Instead, good procurement teams look for ways to develop new approaches to sourcing, supplier management, purchasing, and more. eProcurement Source-to-Pay
Supply Chain View from the Field
DECEMBER 23, 2014
Spend analysis does not need to occur only on an annual basis, but can be applied also to reviews of a category or subcategory of spend that occurs when a contract is being negotiated, or when a strategic sourcing project is initiated for a particular category group. Spend analysis is also a critical component of effective budget planning, and setting key performance indicators for sourcing teams to consider in their assigned duties.
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. Having access to validations and documents from the onboarding process onwards makes life much easier for departments that need access to that information.
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. defense firms tend to follow a traditional “white box” sourcing approach, as shown in this figure. Product development within the U.S.
Supply Chain Movement
JULY 25, 2016
Transfer pricing documentation requirements. Strategic sourcing through duty relief programme and trade agreements. Register now >> Events AEO certification c5 communications limited Conference customs Customs compliance discount event Forum government officials HMRC obligations roundtables sourcing supply chain9th Advanced Forum on Customs Compliance. Date: 15-16 November, 2016. Venue: London, UK. Organizer: C5 Communications Limited in partnership with HMRC.
Supply Chain Opz
AUGUST 31, 2012
In global supply chain , most companies try to take an advantage of low-cost country sourcing to drive material costs down. You have to include a shipping document and damage report or survey port for an insurance claim adjuster as well. NAVIGATE. Basics. Case Studies. Graphics. All Posts. About. Copyright. Privacy. Blogroll. Incoterms 2010 the Right Way. The complexity of this practice is how to divide the responsibilities of each trading partner effectively.
Supply Chain View from the Field
NOVEMBER 6, 2015
I will be leading a webinar with the Sourcing Interest Group next Nov. In particular, there is a noticeable gap between procurement executives’ explicit intentions of driving value for the business, and documented results as they pertain to improved engagement with internal business groups, ability to drive innovative analytical tools, and the resulting gap in alignment with business strategy. 12 at 2 PM, based on a study I have been working on with some folks at IBM.
NC State SCRC
AUGUST 6, 2016
Contract Management Process Documentation & Knowledge Sharing Currently, contract management group processes are not well defined or documented. There is an opportunity to simplify and standardize the processes further through the documentation process. The team on this project will be interviewing contract management team members to document contracting processes. Commodity/Category sourcing profiles within Research and Development (R&D).
Supply Chain View from the Field
JUNE 4, 2015
Guarav’s story is also documented in the recent post in the Jenkins news page. Next, students perform a detailed supplier evaluation for a global sourcing case study, involving a high tech situation. Guarav noted that “my experience on the project involved a supplier financial risk assessment, for sourcing in countries where financial ratios and information are not always readily available.
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. Each team will develop a written contract with selected partner(s) that documents the agreement resulting from the negotiation process.
NC State SCRC
AUGUST 23, 2016
Ensure that no new parts contain the 57 hazardous substances documented in our policies, and that volumes for existing parts be reduced to X PPM. Corporate Social Responsibility Emerging Issues in Supply Chain Procurement Sustainability Strategic Sourcing Supply Chain Ethics Supply Chain Management SustainabilityA new post discussed the development of a sustainable procurement standard developed by the International Standards Organization.
ivalua
SEPTEMBER 2, 2019
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. Financial Services Legislation EBA guidelines eprocurement financial services procurement outsourcing peter smith procurement risk management strategic sourcing process strategic suppliers supplier relationship management suppliers risk
Supply Chain View from the Field
OCTOBER 3, 2013
In sourcing, data must be tracked over the entire life of a supplier. Then the evaluation of the supplier must be documented, and linked presumably to a category strategy (although not in all cases…). We recently had a senior data analytics professional from a large financial services organization speak in my MBA Supply Chain relationships class.
Supply Chain View from the Field
NOVEMBER 16, 2013
This white paper will seek to document not only what the future holds in store for the materials man (or the buying woman!”) Strategic Sourcing Supplier Relationship Management Supply chain Relationships Supply Chain Talent Supply Chain Talent Management Supply Market Intelligence I recently completed a study of 25 CPO’s, each providing their view of what procurement will look like in 2025. You can download the full report at this link.
Supply Chain Brain
JUNE 11, 2018
The technology has been around for a long time, but many organizations and countries still require the maintenance of original signed documents, with all of their accompanying costs and inefficiencies. All must agree to the precise form of that document before the release of international freight and the transfer of funds. When it comes to technological innovation, however, hype is no benchmark for success.
Supply Chain Shaman
APRIL 15, 2020
My first focus was on China sourcing. China was the source of over 90% of PPE.) As I watch the news and work on client documents in my quarantine, I try to manage my emotions. Document your supply chain black holes. Put butcher block paper on the wall and draw your supply chain from the customer’s customer to the supplier’s supplier and then start to document your black holes or areas where you cannot see supply chain data at the speed of business.
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