INDUSTRY INSIGHTS YOUR PEERS ARE READING
Finished products have high ratios (average 50%) of sourced or procured product content. Ensuring receipt of Certificate of Analysis (CoA) and other regulatory compliance documentation has made digitization a requirement for customer service, audit management, and compliance. If a process manufacturer ships a product without the correct or missing documentation, a substantial and costly non-compliance fine is imposed. MORE
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
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? in this case, responsible sourcing. Source Smarter. Source: Purina. 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
Data refinement should occur by receiving raw data from all different sources across the supply chain and converting it into uniform data, making it easier to understand and act upon. For example, some countries require specific documentation to show that certain export regulations have been followed. So not only do companies need to follow all of the rules, they must have the proper documentation proving they have done so and keep that documentation for a required period of time. 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
Documents, operational print and marketing print are often considered as discrete requirements and most reviews will focus on each segment individually. 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
At a minimum, companies will need to be familiar with these most common documents: Bill of Lading (BOL) – A bill of lading is an essential document for any freight shipment. In Mexico, the basic Mexican import document is the pedimento de importacion. MORE
Documenting these current state processes in process flow diagrams, also known as “swim-lane diagrams,” helps people visualize, on paper, what the process is. In designing this, you should create several documents similar to the current state. 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. 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
There is a lot of documented evidence of a shortage in supply chain talent. “78% of respondents to Gartner’s most recent Chief Supply Chain Officer Survey identify talent as the No. 1 long-term supply chain risk”. Why is it happening? 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. Peter Smith, Managing Director, Procurement Excellence Ltd. MORE
Shippers need to know what additional services will need sourcing to take advantage of the range of LTL to intermodal shipping. Correct documentation reduces delays and helps reduce accessorial charges. MORE
Can you see and manage your entire global supply network from one single source? Be sure the supply chain “management” portal enables and encourages all stakeholders to document their actions and communicate with one another in real time, in one place, online. We call it a single source of “data truth.” The successful music orchestra is a myriad of ensemble instruments working together to create beautiful music. MORE
Too often, however, those documents fail to prevent unacceptable working conditions. Often it’s those deeper levels that are the source of violations or inadequate working conditions. Regulation and Compliance Quality & Metrics All Technology Supply Chain Visibility Sourcing/Procurement/SRMJust about every major manufacturer has a supplier code of conduct to ensure that workers are treated humanely. MORE
Ettl says that drawback can be addressed through the use of Hyperledger , an open-sourced collaborative effort to develop blockchain technologies across industries. It knows where it’s located, that it has all shipping documents attached in virtual form on the blockchain, and when it runs into trouble can call for help.” 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. Blog Open-source Technology 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. 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. 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
It] will also show how an audit trail provides hardware, software and documentation authenticity and compliance across supply chains.” SC Planning & Optimization Sourcing/Procurement/SRMEighty-six percent of the A&D companies queried in the Accenture research say they expect to integrate blockchain into their corporate systems within three years. MORE
With industry sources reporting record high rates for the refrigerated trucking market, as referenced recently by Food Logistics , carriers are looking to capitalize on the strong demand and tight capacity for refrigerated trucks. 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. The post Outsourcing Sourcing! Subscribe Here! 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. Document Sharing. Hyperledger. Blockchain. New concepts? MORE
Scattered files and documents were everywhere in our universe—whether it was an email, servers, personal computers, SharePoint, or Dropbox. We spent too much time trying to find important documents needed for production builds, audits, or compliance requirements. 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. A sourcing agency will typically do one of the following roles: A. MORE
The collapse of the garment factory in Bangladesh last week , which killed at least 705 workers and injured thousands of others, has put a spotlight on a problem that plagues many supply chains: the use of slave labor. MORE
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? in this case, responsible sourcing. Source Smarter. Source: Purina.
ivalua
JULY 22, 2015
In last week’s blog , I began discussing telltale signs that you have entered the new age of strategic sourcing. Improving costs remains a core competency for any sourcing organization. Strategic Sourcing Requires Collaborative Working Arrangements with Key Suppliers.
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. The post Outsourcing Sourcing! Subscribe Here!
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. A sourcing agency will typically do one of the following roles: A.
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
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. Blog Open-source Technology
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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.
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.
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. So take a look at your entire print and document spend….and Why not right source your print?
Talking Logistics
MAY 8, 2013
The collapse of the garment factory in Bangladesh last week , which killed at least 705 workers and injured thousands of others, has put a spotlight on a problem that plagues many supply chains: the use of slave labor.
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. Document Sharing. Hyperledger. Blockchain. New concepts?
|
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.
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. Product development within the U.S.
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. Peter Smith, Managing Director, Procurement Excellence Ltd.
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.
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.
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.
Talking Logistics
MAY 14, 2019
Finished products have high ratios (average 50%) of sourced or procured product content. Ensuring receipt of Certificate of Analysis (CoA) and other regulatory compliance documentation has made digitization a requirement for customer service, audit management, and compliance. If a process manufacturer ships a product without the correct or missing documentation, a substantial and costly non-compliance fine is imposed.
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.
Talking Logistics
JANUARY 16, 2018
At a minimum, companies will need to be familiar with these most common documents: Bill of Lading (BOL) – A bill of lading is an essential document for any freight shipment. In Mexico, the basic Mexican import document is the pedimento de importacion.
OneSCM
JULY 24, 2019
Can you see and manage your entire global supply network from one single source? Be sure the supply chain “management” portal enables and encourages all stakeholders to document their actions and communicate with one another in real time, in one place, online. We call it a single source of “data truth.” The successful music orchestra is a myriad of ensemble instruments working together to create beautiful music.
DELMIA Quintiq
MARCH 29, 2019
With industry sources reporting record high rates for the refrigerated trucking market, as referenced recently by Food Logistics , carriers are looking to capitalize on the strong demand and tight capacity for refrigerated trucks.
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 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.
Arena Solutions
SEPTEMBER 11, 2019
Scattered files and documents were everywhere in our universe—whether it was an email, servers, personal computers, SharePoint, or Dropbox. We spent too much time trying to find important documents needed for production builds, audits, or compliance requirements.
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
JULY 2, 2018
Too often, however, those documents fail to prevent unacceptable working conditions. Often it’s those deeper levels that are the source of violations or inadequate working conditions. Regulation and Compliance Quality & Metrics All Technology Supply Chain Visibility Sourcing/Procurement/SRMJust about every major manufacturer has a supplier code of conduct to ensure that workers are treated humanely.
Supply Chain Brain
JULY 16, 2018
It] will also show how an audit trail provides hardware, software and documentation authenticity and compliance across supply chains.” SC Planning & Optimization Sourcing/Procurement/SRMEighty-six percent of the A&D companies queried in the Accenture research say they expect to integrate blockchain into their corporate systems within three years.
Supply Chain Brain
FEBRUARY 26, 2018
Ettl says that drawback can be addressed through the use of Hyperledger , an open-sourced collaborative effort to develop blockchain technologies across industries. It knows where it’s located, that it has all shipping documents attached in virtual form on the blockchain, and when it runs into trouble can call for help.”
Talking Logistics
OCTOBER 29, 2015
Documenting these current state processes in process flow diagrams, also known as “swim-lane diagrams,” helps people visualize, on paper, what the process is. In designing this, you should create several documents similar to the current state.
ToolsGroup
JULY 12, 2016
There is a lot of documented evidence of a shortage in supply chain talent. “78% of respondents to Gartner’s most recent Chief Supply Chain Officer Survey identify talent as the No. 1 long-term supply chain risk”. Why is it happening?
Talking Logistics
AUGUST 4, 2015
Data refinement should occur by receiving raw data from all different sources across the supply chain and converting it into uniform data, making it easier to understand and act upon. For example, some countries require specific documentation to show that certain export regulations have been followed. So not only do companies need to follow all of the rules, they must have the proper documentation proving they have done so and keep that documentation for a required period of time.
Cerasis
DECEMBER 5, 2018
Shippers need to know what additional services will need sourcing to take advantage of the range of LTL to intermodal shipping. Correct documentation reduces delays and helps reduce accessorial charges.
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