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Digitized Procurement: Your Setting-off Point to Autonomy

Jaggaer

In five to ten years, procurement in many of the world’s leading companies will be “truly digital”. They will have succeeded in transforming their procurement organizations to leverage artificial intelligence-based technologies to achieve autonomous procurement. Autonomous Procurement: The Reality versus the Hype. Over the coming months, we will identify and describe the four levels of development stages on the road to autonomous procurement.

Procurement Technology: An Update from Spend Matters in Baltimore

NC State SCRC

Today I travelled to Baltimore to attend the ISM/Spend matters Global Procurement Tech Summit. I will be speaking on procurement analytics tomorrow, but got to attend a set of great sessions over the first half of the day. The first speaker was Anne Rung, Administrator from the Office of Federal Procurement Policy. Next up was Dan Carrell, Vice President of Global Procurement at IBM. 22,000 sourcing events. $50

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Five Steps to Launch a Supplier Scorecard

Logility

Featured Download. Download. Short Registration - Multi Part - BLOG FEATURED DOWNLOAD. Phone * Company * Job Title * Zip Code * Source Asset Source Download ID. 2 Identify and get access to the right data sources. If you use data quality tools, monitor the amount of clean-up needed and work hard to improve the quality in source data systems. Check out this white paper, Leveraging Inventory for Profitable Growth.

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Innovative Approaches to Supply Chain Risk

Kinaxis

This key supplier had been identified and sure enough, you have a second source primed and ready to go. A few hours later, your procurement head walks in the office. “We We have a problem.” The alternate source uses the same supplier in Taiwan. Adding to this challenge is the reluctance of suppliers to share their sources with their customers for competitive reasons. Efficiency programs like lean drove us to reduce suppliers and cut inventory.

3D Printing Set to Streamline the Retail Supply Chain Through Reduced Lead Times and Inventory

BluJay Solutions

The attractiveness of 3D printing for manufacturers and retailers/distributors centers around reducing both lead times and the risks involved in holding inventory. Anyone involved in retail procurement is acutely aware of the importance of correctly predicting consumer/end-user requirements and ordering the right goods at the right time, in the right quantities. Utilize 3D printing to product a compatible power source for a batch and find out.

Integrated Planning: Is It Rubbish? Be Careful What You Ask For….

Supply Chain Shaman

Each are good at localized planning within a focused area of demand, supply, network design, transportation planning, material sourcing or finite scheduling. The greatest value happens when companies can link across source, make and deliver. Few implementations of planning connect to procurement and transportation. We are also in the cusp of a technology evolution with cognitive computing and open source platforms.

What Makes a Supplier “Strategic”? Not Spend Volume.

Jaggaer

Supplier management has become increasingly cross-functional – various stakeholders outside of procurement will have a say for many more categories, requiring collaboration, knowledge sharing and complex approval processes; and. You cannot manufacture cars with 99% of the components, and if you do not have an immediate alternative source of supply for the other 1%, you could soon be in trouble.

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Collaboration in the Automotive Industry: Enabling Intelligent IT-Managed Supply Chains

Talking Logistics

Reasonable linking of various data sources (= intelligent integration) in order to have continuously-updated data with high significance and quality instead of fragmented and isolated information. It’s about creating a common cross-company basis that integrates all participants on a procurement or distribution level. Inventory and transportation costs are reduced significantly, while production processes are accelerated and delivery times are decreased.

Supply Chain Innovation: How to Build an Award-Winning Supply Chain

ToolsGroup

Source: Supply Chain Digest. Source: Lennox. Lennox almost tripled the percentage of orders that can be delivered the next morning, yet reduced inventory by almost 20%, even with a 250% increase in physical locations. They also reduced distribution costs as a percentage of sales by over 15%, increased inventory turnover by more than 20%, and reduced response time. Click below to download Lennox's CSCMP award-winning presentation: Supply Chain Planning

Why Blockchain Within The Supply Chain Makes Perfect Sense

Cerasis

Download white paper. Instead of having to deal with an ineffective point-to-point communication system like EDI and the complexity of reconciling multiple data sources with multiple permission models, Distributed Ledger Technology (DLT) provides a singular mechanism to securely integrate, harmonize, and synchronize data for all participants. Outcomes: improved inventory management; More accurate determination of re-order points; Better on-shelf availability.

Use of Blockchain in Supply Chain & Logistics: Looking to Examples Across Industries for Better Understanding

Cerasis

DOWNLOAD WHITE PAPER. Blockchain is entering a phase of development that will affect every aspect of supply chain and logistics management, ranging from procurement to forward logistics and beyond. Retail Blockchain – Applications of blockchain technology in the retail supply chain go back to the sourcing of a product, validity, sustainable practices during manufacturing, movement through international trade, returns management, and recycling or reclamation of raw materials.

Getting to Work: Where AI Can Make a Difference

HICX Solutions

In this article, experts identify which steps in the procurement process are most likely to benefit from the AI revolution. One of the main uses for artificial intelligence in procurement is to meld internal and external data to provide enhanced supplier risk management. “Advanced data analysis algorithms can be used to spot the risk of bid-rigging in response to a procurement tender,” Mr Shrimpling adds. Smarter sourcing.

ThankX Delivery Services!

Supply Chain Game Changer

Next, Leto connected Colon to an app developer (Divine Digital Agency), which created an effective, engaging, and interactive app – now available on the itunes, Apple, and Google stores (“ThankX”) for download! The Creator (God) is the greatest source of energy that there is.

97% of supply chains disrupted as a result of COVID-19

EFT

In response, the majority (73%) of organizations are now planning major shifts in supply chain and procurement strategy post-pandemic, including supply base expansion (38%), reductions in supply chain globalization (34%) and increases to inventory levels (21%). For decades, low-cost country sourcing and offshoring was the foundation of global supply chains. The full report is now available for download. According to the How Now?

Dr. Muddassir Ahmed on Innovation in Supply Chain Education

Requis

To me this feels like a white paper on competitive strategy about how supply chain is where you’re going to get the best source of differentiation, cost cutting and ultimately, improved thinking on product, sales and marking, HR, and everything else. If I want to know what are the top strategies to reduce my inventory, there should be a blog about that. CIPS talks about AI in procurement, but not about what key skills you need to be a user of AI in procurement.

Like A Green Lump of Clay….

Supply Chain Shaman

To see the what I built, check it out on SlideShare or view/download it in the SCI Community ). Q: Is it only inventory disrupting the agility resulting from inaccurate forecasts by S&OP? In the supply chain, variability and volatility come from many sources. The best way to start the design of an agile supply chain is to look at the sources of variability and market volatility that your supply chain encountered in the prior year.

A Don’t Touch Supply Chain Strategy Must Now Dominate The Future!

Supply Chain Game Changer

You reduce cost, you eliminate opportunities for error, you reduce time, you reduce inventories, and you strengthen your Supply Chain’s ability to operate in the face of any disastrous situation. You download their app, take the goods off the shelf as you need and as you leave the store your purchases are automatically billed to you. Imagine automated oversight of Strategic National Stockpiles with respect to market demand, inventory aging, and replenishment lead times.

The end of just-in-time?

EFT

Toyoda cut down on excess inventory, with components and spares only ordered when needed and kept in low numbers within the factories. Keep upstream suppliers on short notice to produce inventory as needed and watch the profits grow. Those upstream suppliers had to be as flawless as the just-in-time production facility, providing inventory or raw materials on time, every time. Overall “Global supply chains are having a ‘rethink’ on their sourcing models,” says Shetty.

What is Spend Analysis?

Jaggaer

This is done with the goal of decreasing procurement costs and improving efficiencies. It is used to visualize all of your data so you can make better sourcing and supplier decisions. This data enables you to transform your procurement process from technical to strategic sourcing.

28 supply chain professionals share the biggest challenges of supply chain management

6 River Systems

All of the above (and other down-stream KPIs and processes) are heavily influenced by the accuracy of a demand forecast: if the demand forecast is much more accurate, a company is more likely to have the right product, in the right quantities in inventory and will have less of the products in inventory that is not required. Our supply chain involves a contract manufacturer, a third-party testing facility, warehouses to store inventory and a freighting company.

Supply Chain And Logistics Trends That Could Be Big In 2020

Logistics Bureau

Instead, it continues, to include the entire lifecycle of a product, from sourcing of raw materials, to the return and recycling of the product, and reintroduction of recycled materials into the manufacturing or production process. Again, this might include recycling or refurbishing items damaged in storage or transit, or placing undamaged returns back into a sales inventory. It’s time to start looking ahead again.

Lull Case Study: Order Fulfillment that Doesn’t Keep You Up at Night

FLEXE

With FLEXE, Lull gained a software platform to manage inbound and outbound shipments while tracking real-time inventory levels across their FLEXE network of fulfillment centers. Visibility and control over shipment trends and inventory levels helps the Lull team make more informed decisions on inventory allocation and management. When they were ready to expand into more fulfillment locations, they didn’t have to spend time sourcing new solutions.

Case Roberta Roller Rabbit: Increasing Performance Through Improved Process and Technology

RELEX Solutions

Business processes were getting products ordered, but the assortments were too broad and lacked depth and the management of inventory was resulting in out of stocks while there was lots of inventory available. The team was lacking the processes and systems to understand what was going to happen in the future in terms of sales, inventory and purchase orders. The team now has one collective and synchronized view of inventory and sales. Download the case as a PDF.

Delivering a Consumer Centric Supply Chain for Grocers – Part 4 of 4

Supply Chain Nation

We have discussed a variety of implications to the supply chain required to provide scale and service, while effectively managing inventory and value add processes. Effective management of inventory procurement and replenishment, especially in smaller footprints, will increasingly influence the consumer experience. Learn more about this topic by downloading the eBook, “ The Digitalization of Grocery.”. Operational Excellence Delivers Profit Optimization.

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Supply Chain Management:Why not WMS App? - Infosys Blogs

Infosys Supply Chain Management

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. Todays WMS is a tightly integrated code between the intrinsic WMS functions like receiving, put away, inventory, picking, packing and shipping, which are the primary functionalities. The concept is similar to downloading Apps i.e. applications to your iPhone from Apple Store. Procurement Blog. About Us. Contact Us.

Delivering a Consumer Centric Supply Chain for Grocers – Part 4 of 4

Supply Chain Nation

We have discussed a variety of implications to the supply chain required to provide scale and service, while effectively managing inventory and value add processes. Effective management of inventory procurement and replenishment, especially in smaller footprints, will increasingly influence the consumer experience. Learn more about this topic by downloading the eBook, “ The Digitalization of Grocery.”. Operational Excellence Delivers Profit Optimization.

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Shippers of Consumer Products Impacted Most by Capacity Crunch

Cerasis

Today, with omnichannel pressures and a drastically different retail environment, stores are working hard to eliminate excess inventory and penalize vendors for early (and late) deliveries. Download eBook. As you can imagine, with a tight transportation market, it’s become even more difficult for vendors to source reliable trucks. Most all shippers have felt the recent tightening in capacity.

How webinars are creating value for marketers through COVID-19

EFT

For example, on April 24, we delivered " COVID-19: Implications on Inventory Planning, Sourcing and procurement". Either way, then download our full digital marketing prospectus here to ensure your marketing strategy is primed for success! >>> . As experts in digital marketing, Eye for Transport or eft (a division of Reuters Events) seeks to unpack the best practices we've gained by organizing digital thought leadership products up till now.

New online insight hub revealed to increase intelligence resources for supply chain decision makers

EFT

Historically, we’ve done this through free to download whitepapers and reports but have increasingly looked to webinars where key decision makers and influential stakeholders can share best practice in their industry directly with the market between events as well. . In addition, you can’t really understand the full picture of supply chain risk without listening to a webinar we ran entitled: COVID-19: Implications on Inventory Planning, Sourcing and Procurement.

Supply Chain Management:Bricks and Clicks - The New Business.

Infosys Supply Chain Management

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. One recent sobering statistic points to over 15 million downloads of the smartphone enabled Red Laser application which allows consumers to electronically read item codes and perform multi-channel price comparisons for the specific item. I would argue that the same concerns apply to supply chain, planning, inventory and logistics management.