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To build an outside-in model, and use new forms of analytics, we must start the discussion with the question of, “what drives value?” ” Traditional planning models optimize functional processes to improve cost and customer service. You are right. This is an opportunity.
Unfortunately, the use of full truckload shipments and expenditures have hit an all-time high, reports Kate Patrick of Supply Chain Dive. Download eBook. Decreasing capacity and increasing full truckload rates are expected to increase throughout 2018, reports Freight Waves. Conducting annual procurement exercises.
In May 2025, one in seven home-purchase agreements fell through resulting in the cancellation of 56,000 purchase contracts. Ask a procurement or transportation professional if they have a good demand signal and expect a laugh. Next week, I will be launching the Large Language Model–Ask Lora.
Pricing Structure Affordable pricing, with annual access to purchased courses and practical resources through Pro Plan. Practical Tools & eBooks Offers a variety of eBooks, templates, best practices , and practical tools. A general platform covering various subjects, including supply chain.
Digital Procurement article, and permission to publish here, provided by Sam Jenks at kodiakrating.com. Navigating the complexity of the global supply chain as a procurement professional can sometimes feel like taking a walk through the Amazon without a compass, or entering into outer space without an oxygen tank. Don’t Panic!
In today’s fast-paced and competitive business landscape, organizations across industries are realizing the immense value of effective procurement practices. Procurement professionals play a vital role in driving operational efficiency, cost savings, and strategic decision-making. But how do you get started? Do not worry!
Featuring Our 12 Best Procurement Articles! Get OUR EBOOKS HERE. Purchase Price Variance, or PPV, is a common term in the realm of Purchasing/Procurement and Finance. For some, PPV is a mechanical metric only, measured and reported on but without any further attention paid to it.
Amidst this boom, some veterans of the AI industry question whether this cycle will be different, especially as some corporate entities report disappointing returns on their initial investments. It’s been about two years since OpenAI publicly released ChatGPT.
Check out What Exactly Is Procurement? And What is Purchasing? Kodiak Rating’s CTO was recently in attendance at a Procurement Leaders event held in London, titled DITx?—?Data Hearing the summarization wasn’t much of a shock, but rather an affirmation of the on-going transformation occurring within procurement teams.
In May 2022, Ivalua commissioned Forrester to survey over 400 procurement leaders across the globe to ask how they plan to minimize the frequency and impact of supply disruptions. This places limitations on the value that procurement generates for your organization and impacts the resilience and agility of the supply chain.
Get Our EBOOK HERE. Supply chain key performance indicators and metrics are ways in which someone can quantify the performance of their company’s supply chain to gain a better understanding of its strengths and weaknesses. ProcurementCost. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer.
Amidst this boom, some veterans of the AI industry question whether this cycle will be different, especially as some corporate entities report disappointing returns on their initial investments. It’s been about two years since OpenAI publicly released ChatGPT.
Order our EBOOK HERE. Some procurement professionals can quickly identify their key, or champion, supplier partners. Listed as a top key finding in a 2020 WBR Insights report it was found that, “The top concern for procurement professionals is making buying decisions without the necessary insight” (WBR Insights 2020).
GET our EBOOK HERE. With the increased prominence of Supply Chain, Logistics and Procurement within organizations, is compensation increasing? 82% of the respondents reported a salary increase over the previous year. Only 8% over respondents had increases less than 2%, and only 2% of candidates reported a salary decrease.
Across our many blog posts, videos, webinars, eBooks, and other shared content, you’ll find a wealth of information about various aspects of outsourcing in the supply chain. However, I can’t recall writing a general guide about exploiting outsourcing opportunities to improve your supply chain.
Get Our EBOOK HERE. Case in point: research firm Gartner includes the speed of inventory turns as a key metric in its annual Top 25 List recognizing companies for their excellence in Supply Chain. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Defining the New Normal in Supply Chain! What’s Normal Anyways?
Is Your Supply Chain A Cost Centre or a Value Creator? GET our EBOOK HERE. These jobs reach far and wide, touching virtually every business process, most metrics, and all functional areas. Subscribe to Supply Chain Game Changer. Supply Chain responsibilities are vast in any organization. New Supplier and Materials Set Up.
Services Matias Offer on SCMDOJO Logistics Consulting Maritime Freight Sourcing and Procurement Logistics Technology Sourcing Executive Mentoring Guide: Matias, our supply chain consultant, has also created Maritime Freight Sourcing and Procurement Guide , which is available from SCMDOJO Academy.
Long-term planning information is critical for the lower tier suppliers to plan and purchase their materials wisely. In the case of semiconductors, lead time was reported anywhere from 22 to 26 weeks. This was proven many years ago in an AIAG report entitled the Manufacturing and Assembly Pilot Project.
Indirect spend can consume up to 50% of purchasing dollars and turn profitability into loss. Including, but not limited to, anything from shipping, HR, IT, travel, ordering, to the labor costs you incur with shipping and handling. What are Ways to Improve Your Indirect Supply Chain Optimization?
Get Our EBook here. Supply chain reaches into planning, operations, finance, asset management, procurement, logistics, distribution, sales, marketing, I/T, executive management, third-party partnerships, and leadership of all the above. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer.
It brings all of the mechanical, electrical, and software designs together and shares them with the entire product team—from quality to procurement to manufacturing, including external supply chains. PLM, however, is more comprehensive, as it encompasses the entire concept-to-production process. 9 Essential Elements of PLM Software.
Get Our EBook here. ” Here is a summary of how these Global Supply Chain and Business Leaders responded and shared their lessons learned: Kristie Syndikus, VP Procurement at Maple Leaf Foods. These are the step towards accountable behavior when solving a problem Have balanced, relevant and valid metrics. Subscribe Here!
Download Ware2Go’s eBook to effectively implement efficient warehousing and fulfillment processes that support the JIT approach. The cost of inefficient inventory management extends beyond storage fees—it impacts cash flow, slows growth, and can damage hard-won customer relationships.
Determine average inventory levels as part of the annual stocking procedure, contributing to cost containment through effective inventory management. Optimized Purchasing Procedures: Implement optimized purchasing procedures by identifying fast-selling items, ensuring timely orders, and preventing overstocking of slow-moving products.
GET our EBOOK HERE. Procurement of Vaccines. government is reported to have agreed to contracts worth $1.9 government is reported to have agreed to contracts worth $1.9 These contracts typically cover a commitment to purchase an initial quantity of doses in advance of a proven and authorized vaccine. Email Address.
If we are to believe the supply chain predictions for 2018 , there will be plenty to keep purchasing and supply chain managers awake at night. This is causing many purchasing teams to feel renewed urgency to take action on establishing or expanding a supplier assessment programs. For more details check out this white paper.
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