Samsung Electronics Q1 Financial Performance and Supply Chain Outlook

Supply Chain Matters

In this posting , with focus on Samsung Electronics. Samsung Electronics can often provide a meaningful bellwether for ongoing conditions across global semiconductor, high tech and consumer electronics supply networks. Electronic Display.

Government’s Big Move to Electronic Marketplaces

NC State SCRC

I was recently involved in a research discussion with Chris Yukins of George WAshington University’s Law School’s Government Procurement Program, and Thomas Kull from Arizona State University, exploring the impact of the rise of electronic marketplaces in government procurement.

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How Can Electronic Payment Improve the Supply Chain Process?

Industry Star

Learn which electronic payment methods could help your company improve internal efficiencies and financial statement reliability while avoiding additional costs. The post How Can Electronic Payment Improve the Supply Chain Process? Technology ACH Blockchain eCommerce EIPP Electronic Payment Procurement Supply ChainEvery organization manages payments with suppliers, lenders, logistics providers, etc.

Two Types of Procurement: Project Based and Operational!

Supply Chain Game Changer

Featuring Our 12 Best Procurement Articles! Procurement operations are the backbone of every company’s supply chain. Fundamental to procurement is the acquisition of goods and services from a party that’s further up the supply chain. Project-Based Procurement.

How to Prepare Your Supply Chain for Chip Shortages

Because software-driven architectures touch virtually every industry, there has been an increased need for electronic components including computer chips in every industry.

Electronic Data Interchange or EDI in Transportation: Breaking Down What it is and How It Works

GlobalTranz

Today begins our series about electronic data interchange or EDI in transportation. What is Electronic Data Interchange? First we must understand and get on the same page of what is Electronic Data Interchange, or EDI, as it is not only used in the transportation industry. According to Wikipedia and EDI Basics , Electronic Data Interchange (EDI) is the computer-to-computer exchange of business documents in a standard electronic format between business partners.

Electronics Industry: Top 3 Steps to Keep in Mind When Implementing a Sustainable Procurement Program

EcoVadis

The complexity of the electronics supply chain leads to a variety of sustainability issues, including unfair labor practices, presence of harmful chemicals and conflict minerals. Despite a push for sustainability from a few multinational electronics corporations – including Apple, Intel and Nokia – but it has been difficult to make enduring progress in eliminating dangerous practices in the supply chain. Electronics buyers play a key role in achieving sustainability initiatives.

A Moral Revision of Electronic Supply Chains (Guest Post by Bas van Abel, Fairphone)

SCM Research

Business practices in the supply chains of the electronics industry are in urgent need of moral revision. What do we know about the production of complex electronic devices and the people who make them? Instead of hiding behind the complexity of the supply chain, Fairphone wants to unveil the problems associated with the smartphone production like poor labor conditions, the use of conflict minerals and the rise in electronic waste.

More Evidence of Supply Chain Cost Inflation Impacting Various Industries

Supply Chain Matters

Supply Chain Matters highlights the latest financial performance from bellwether firms in CPG , online retail, high tech and consumer electronics regarding ongoing supply chain related inflationary cost and supply impacts on performance. High Tech and Consumer Electronics.

Survey: How to benefit from electronic invoicing

SupplyOn

A scientific survey details the positive effects of electronic invoicing for the invoice’s issuer and the recipient Despite all the buzz over catchwords like Industry 4.0, automation and digital transformation, when it comes to invoicing, we still live in a mainly analogue, non-electronic, non-automated world. Formats that cannot (or hardly) be processed electronically. Furthermore, the longer one uses electronic invoicing, the greater its impact on savings.

IMPORTANCE OF A CLOUD-BASED E-PROCUREMENT SOLUTION

Eyvo

It is easy for organizations to get confused and come to the wrong conclusion about the implementation of a digital procurement solution. Investing in a cloud-based digital procurement solution will impact your company’s bottom-line growth positively. .

Cloud Procurement: All You Need to Know

Precoro

If you're reading this now, then you’ve probably noticed how outdated traditional procurement systems recede into the past and are replaced by new modern solutions. What is Cloud Procurement? Three Categories of Cloud Procurement. Cloud Procurement Strategy.

Peloton’s Supply Chain Strategy Turnabout

Supply Chain Matters

The company’s equipment was designed to connect to virtual based instructors utilizing an onboard camera, microphone, and electronic screen, at a rather premium cost compared to other fitness options.

Chronic Risks for Electronics: Human Rights and Forced Labor

EcoVadis

Though we don’t typically consider the production background of the electronics we buy, it might come as a shock to know many of these devices are created in environments where exploitive labor practices are unfortunately commonplace across the supply chain. Human rights abuse is often more egregious in the electronics sector than other industries since the parts are almost exclusively made in some of the poorest countries in the world.

Procurement Terminology is a Mess!

Supply Chain Game Changer

Procurement language article originally published by, and permission to publish here provided by, Sam Jenks at kodiakrating.com. From one Procurement organization to the next, terminology differs. The way we buy and sell procurement technology needs to reflect this new era.

The Speed and Efficiency of E-Signatures in Procurement!

Supply Chain Game Changer

Featuring Our 12 Best Procurement Articles! In the procurement profession, speed and efficiency are key. Electronic signature platforms allow you to sign multiple documents within seconds, on the go. Why Speed and Efficiency are Crucial in Procurement? Subscribe Here!

How manufacturers can use ERP to improve the procurement process

SYSPRO Smarter ERP

Disruptions like the pandemic, supply shortages, global trade barriers, high customer expectations and inflation all add tremendous pressure on the procurement process. Despite this, only 33% of businesses invested in procurement and sourcing technologies.

What is Electronic Invoicing (e-invoicing)?

ProcurePort

Are you wondering what electronic invoicing (e-invoicing) is and how it can help your business? Electronic invoicing is one of the latest digital processes taking the procurement industry by storm. The post What is Electronic Invoicing (e-invoicing)? Procurement News

What’s the difference between purchasing and procurement?

Unleashed

Procurement and purchasing are often used interchangeably to describe the role of procurement. What is procurement? Procurement is the process of purchasing a service or a good, usually on a large scale and for commercial purposes. The role of procurement in a business.

Procure-to-Pay Process: End-to-End Guide

Precoro

According to a Paystream 2018 Procurement Insights report, 80% of organizations still use manual or semi-digital tools to manage their procure-to-pay cycle. Most organizations are using the procurement module integrated with their ERP or accounting software. Procure to Pay Cycle.

How manufacturers can use ERP to improve the procurement process

SYSPRO Smarter ERP

Disruptions like the pandemic, supply shortages, global trade barriers, high customer expectations and inflation all add tremendous pressure on the procurement process. Despite this, only 33% of businesses invested in procurement and sourcing technologies.

Procurement Interview Questions & Answers

Supply Chain Game Changer

Procurement, or Purchasing, is an area of Supply Chain that involves and requires very specific skills and expertise. This is particularly apparent if you are hiring a Procurement professional, you are looking for a Procurement job, you are looking to outsource anything, or you are dealing with Procurement people in the course of conducting business. Check out this list of 25 Procurement and Purchasing questions and answers. Subscribe Here! Email Address.

eWorld Procurement & Supply

Supply Chain Movement

eWorld Procurement & Supply. eWorld Procurement & Supply in association with The Chartered Institute of Procurement & Supply (CIPS), is the UK’s leading event focusing on the use of leading-edge technologies and techniques within the procurement & supply chain functions. Soft skills for procurement professionals. Sustainable procurement strategies. Social Media and procurement. e-Invoicing and Procure-to-Pay.

Using Procurement Analytics to Simplify Your Supplier Reconciliation

Logility

However, with a simple software-based supplier reconciliation process using procurement analytics in place, an organization can automate this cumbersome process to save hundreds to thousands of man hours every year. Electronic report distribution to suppliers.

7th Hi-Tech & Electronics Supply Chain Summit

Supply Chain Movement

7th Hi-Tech & Electronics Supply Chain Summit. Join the only niche Hi-Tech & Electronics Supply Chain Summit in Europe to hear from world class speakers, get involved in crucial industry debate and network with your senior supply chain peers. Mark Slegers – VP Procurement & Supply Chain – Telenet. Date: 16-17 May 2013. Venue: Novotel Hotel, Amsterdam. Organisation: Eyefortransport. URL: [link].

What to Look for in Procurement Software Solutions

EC Sourcing Group

Procurement software covers a lot of bases, and there are many facets to procurement management that could potentially be streamlined and automated if you haven’t done so already. Procurement Software Solutions: What Is Procurement Software? Electronic catalogs.

General Motors Locks In Strategic EV Vehicle Supply for 2025

Supply Chain Matters

Special emphasis would be placed on semiconductor, high tech electronic components, certain deemed essential raw materials or other components.

Report That Samsung is Eyeing Massive Semiconductor Production Presence in the U.S.

Supply Chain Matters

High Tech and Consumer Electronics Supply Chain Manufacturing Strategies Procurement and Sourcing Product Lifecycle Management Supply Chain Resilience Supply Chain Risk Management Supply Chain Strategy Samsung semiconductor manufacturing sourcing Samsung supply chain Supply chain Matters blog

Procurement: What Is the Best Professional eSourcing Service?

EC Sourcing Group

Procurement: What Is the Best Professional eSourcing Service? eSourcing in procurement falls under the umbrella of the procurement process, just as procurement fits within the supply chain. The Benefits of Procurement Software: Automation.

10 Tips Shippers Can Use to Reduce Costs in LTL Procurement with Better Request for Pricing Bidding

GlobalTranz

at Cerasis, we know a thing or two about the nuances of LTL procurement. LTL procurement is something we do very well. So we thought we would impart upon all the shippers out there some tips on how to reduce overall costs for effective LTL Procurement. 10 LTL Procurement Cost Cutting Tips. Saving money on less-than-truckload or LTL procurement is a laudable goal, except when operational problems eclipse savings gains. Logistics LTL ltl procurement

How the procurement role should evolve in the new supply chain

SYSPRO Smarter ERP

To deal with the new challenges in managing and planning the supply chain , the procurement department is one of the functions that should look at changing. It is no longer sufficient for procurement to focus just on supplier costs, placing orders and ensuring goods are received.

ANCA Streamlines Procurement with the QAD Supplier Portal

QAD

Inevitably, the procurement process is complex and challenging to manage. These include motors, spindles, bearings, slideways and electronic controls. Procurement System Improvement Goals. A technology some businesses use for purchasing is Electronic Data Interchange (EDI).

Procurement Terminology is a Mess!

Supply Chain Game Changer

Hey Procurement! From one Procurement organization to the next, terminology differs. Procurement is a function, that is undergoing transformation; technologically and ideologically. Maybe we are camouflaging procurement with language: if no-one else understands what we do (or say) we will be safe from being replaced or consumed by other functions. I do believe S2P is a domain that every sourcing and procurement organization needs to have a handle on.

A Seat at the table – Procurement’s Search for Enhanced Visibility and Influence

HICX Solutions

There are many who have argued that Procurement needs a seat at the C-suite table to ensure that data projects and digital transformation initiatives receive the attention that they require for success. Procurement’s Search for Enhanced Visibility and Influence. “We

A Seat at the table – Procurement’s Search for Enhanced Visibility and Influence

HICX Solutions

There are many who have argued that Procurement needs a seat at the C-suite table to ensure that data projects and digital transformation initiatives receive the attention that they require for success. Procurement’s Search for Enhanced Visibility and Influence. “We

The Argument- Semiconductor is the New Oil

Supply Chain Matters

High Tech and Consumer Electronics Supply Chain Procurement and Sourcing Supply Chain Strategy Supply chain Matters blog

Electronic Logging Devices (ELDs): Separating Hype from Reality

Talking Logistics

Ben Cubitt, Senior Vice President, Consulting & Engineering at Transplace addresses the following questions and more in this timely and informative episode: What are Electronic Logging Devices (ELDs)? Are shippers asking carriers if they’re ELD compliant during procurement engagements? Any differences between large […] Past Episode Past Episode - Transplace Regulations Transportation Management ELDs electronic logging devices logistics Transplace transportation trucking

Setting KPIs for your procurement department

Taulia

The procurement process is a critical business function, but how do you measure how effectively the process is managed in your business? Setting KPIs for your procurement department can help to demystify their performance and deliver insights into where improvements can be made.

How to Create an Electronic Purchase Order System

ProcurePort

Organizations and businesses of all sizes and sophistication are moving from traditional paper-based procurement processes to electronic purchase order software. The post How to Create an Electronic Purchase Order System appeared first on ProcurePort Blog.

The Impact of Electronic Logging Devices: Separating Hype from Reality

Talking Logistics

He was referring to some of the hype and speculation surrounding the electronic logging devices (ELDs) mandate, which goes into effect in December 2017. Data from recent transportation procurement engagements support the survey findings. “As Data from transportation procurement events mirror these results. Episode Highlights Transportation Management Ben Cubitt driver turnover ELD electronic logging devices logistics Transplace transportation trucking