HICX Solutions

JANUARY 22, 2019

The basic purchase-to-pay (P2P) processes for managing and recording the procurement transaction are already automated to some extent in many organisations. AI will also support in areas such as automated invoice processing, helping systems learn how to handle non-standard invoices or spot potentially fraudulent examples.

Procurement Solutions 40

Procurement Solutions Procurement Analytics Procurement Supply Chain Software 40

The Logistics & Supply Chain Management Society

AUGUST 19, 2022

Seen optimistically, this challenging trade environment is a catalyst for a slew of innovative measures and creative tactics to mitigate tariff costs – although one could argue that supply chain optimization from a cost and performance perspective is something that firms should already be doing on an ongoing basis. Business model strategies.

Cost Reduction Strategies 245

Cost Reduction Strategies Material Savings Inventory Reduction Vendor Strategies 245

HICX Solutions

AUGUST 11, 2021

SXM Webinar Series with Art of Procurement. In the first of a three-part Art of Procurement Live Webinar Series ‘Putting the Supplier Experience at the Forefront of Strategic Procurement’ in partnership with HICX, we focus on how to make the business case for Supplier Experience Management (SXM). .

Procurement Analytics 52

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ivalua

SEPTEMBER 19, 2022

Herculean efforts by Procurement and Supply Chain departments to keep supplies flowing have prevented even more extreme disruptions than what we’ve experienced, but have inadvertently created additional risks. . Too often, the process is distilled down to a “check the box” exercise on individual suppliers. Few knew until impacted.

Supply Chain Risk Management 130

Supply Chain Risk Management Risk Management Inventory Reduction Cost Reduction Strategies 130

Enterra Insights

JUNE 18, 2019

Cheng-Shorland explains, “Supply chain is driven in large part by the procurement process. Moving any product or service through a supply chain starts with a procurement contract, which initiates the tendering or bidding process via an RFI, RFP or other type of formal request. Talk about a great use case for blockchain!

Manufacturing Procurement 100

Manufacturing Procurement Supply Chain Software Supply Chain Optimal Sourcing 100

Talking Logistics

DECEMBER 11, 2014

I use this example to illustrate the challenges (or, perhaps, the futility) of making supply chain and logistics predictions. When I worked at Polaroid, for example, some of us were concerned about the emergence of digital cameras and what it would do to instant photography. as of this morning — a lower price than 5 years ago!

Predictive Analytics Software 201

Predictive Analytics Software Supply Chain Design Software Logistics Network Optimization Software Predictive Analytics 201

Supply Chain Game Changer

SEPTEMBER 30, 2020

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). Order our EBOOK HERE.

Procurement Analytics 53

Procurement Analytics Procurement Solutions Eliminating Excel in Purchasing Supply Chain Software 53

HICX Solutions

MARCH 31, 2022

In this webinar, we join Niko Nurmi , Executive Advisor at Procurement Leaders , as he discusses these challenges and how to overcome them – with Carmen Erhardt , Director of Corporate Purchasing and Head of Global Processes, Operations and Digitalization at Henkel ; and Anthony Payne , CMO at HICX. A supplier experience approach.

Optimal Sourcing 52

Optimal Sourcing Resource Reduction Cost Reduction Strategies Procurement Analytics 52

Material Handling & Logistics

DECEMBER 14, 2018

Complex supply chains generate more data, which companies can use to drive greater efficiency or engage in innovation that disrupts an entire industry—think Amazon. Algorithms can help supply chain professionals and their colleagues in other departments identify new opportunities to improve efficiency and innovate processes.

Optimal Sourcing 111

Optimal Sourcing Supply Chain Software Sourcing Strategies Pharmaceutical 111

SCMDOJO

FEBRUARY 29, 2024

They do not relate to any overall company procurement goals and objectives. Figure 1: SPM Project Stages (Gordon Sherry R, 2008) This organization has created a Procurement Steering Committee with management participation to leverage procurement as a tool to improve business performance. Three key elements are suggested.

Vendor Strategies 55

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 55

Logistics Bureau

OCTOBER 19, 2020

Suppose you wanted to be the fastest runner in the world, for example. For example, are you sure that you don’t have one or two business units that excel in a performance element which, otherwise, is proving to be a weakness for your supply chain operations? Those levels are “benchmarks”.

Benchmarking 52

Benchmarking Agile and Lean Supply Chain Supply Chain Planning Supply Chain Strategy 52

Claritum

JULY 23, 2018

Claritum Article - Procurement Blog. Why not make procurement the catalyst for placing your organisation at the forefront of challenging stereotypes. Another challenge is that executives often view diversity in supply as simply a tick-box exercise. Gain access to innovations. Introduction. Tap new sources of supply.

Supply Chain Software 36

Supply Chain Software Supply Chain Planning Software Manufacturing Procurement Supply Chain Strategy 36

C3 Solutions

JULY 30, 2020

While the tech is "clearly past the early innovator phase…now we need to find out how to get it more mainstream," said Bill Hoffman, president of Object Management Group, a not-for-profit technology standards consortium, speaking at an IoT conference in October 2019. Take the dock doors, for example. Where's the ROI?

Gartner 127

Gartner Internet of things Supply Chain Design Software Supply Chain Software 127

Talking Logistics

AUGUST 19, 2015

The exercise, however, provided me with a great list of reminders of what I heard and learned at the conference, which I will share with you today. Not surprising, mobile and Internet of Things (IoT) are also on the company’s innovation roadmap. When you blend IoT with operational data in GT Nexus, you get context. Bridges2015.

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Design Software Conference Supply Chain Network Software 100

Claritum

AUGUST 23, 2019

Claritum Article - Procurement Blog. For example, roughly 97% of the Fortune 500 companies set percentage or dollar goals on supplier diversity. Drivers including opening up new markets/customer groups, investors supporting initiatives for diversity, brand awareness and to encourage increased levels of innovation in their supply chain.

Resource Reduction 32

Resource Reduction Sourcing Strategies Price Reduction Cost Reduction Strategies 32

Claritum

AUGUST 23, 2019

Claritum Article - Procurement Blog. For example, roughly 97% of the Fortune 500 companies set percentage or dollar goals on supplier diversity. Drivers including opening up new markets/customer groups, investors supporting initiatives for diversity, brand awareness and to encourage increased levels of innovation in their supply chain.

Resource Reduction 36

Resource Reduction Sourcing Strategies Price Reduction Supply and Demand 36

Unleashed

APRIL 18, 2021

Free to exercise their rights – for example, joining a union, assembling peacefully, and negotiating pay increases. Creativity and innovation. Examples of sustainable supply chain management. Make sure you include teams like procurement which play a significant role in choosing suppliers. Compensated fairly.

Supply Chain Planning Software 116

Supply Chain Planning Software Sustainability Supply Chain Software Supply Chain Planning 116

SCMDOJO

JANUARY 23, 2023

It includes real-world examples from companies like Amazon and Starbucks, case study discussion questions, computer-assisted exercises, and programming projects, making it an ideal choice for anyone looking to learn about supply chain management and the analytics involved.

Prescriptive Analytics Software 119

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Predictive Analytics 119

SYSPRO Smarter ERP

AUGUST 22, 2022

With the volatile markets, offshore price cutting and increasing customer demands for quality, speed and customization, metal fabricators have had to become more innovative and adopt technology solutions to maintain competitive advantage. Challenge: Meeting unique customer requirements.

Supply Chain Design Software 105

Supply Chain Design Software Demand Planning Software Manufacturing Procurement Optimization Software 105

Proxima

FEBRUARY 25, 2020

In this blog, we explore 5 key innovations emerging in retail payment solutions and how GNFR procurement can give you the edge. Customers are hungry for innovation and convenience. The 5 key innovations that are bringing this payment revolution to life: Innovation 1: Burberry maximizing revenues from Chinese shoppers.

Procurement Solutions 52

Procurement Solutions Retail Demand Planning Software Modeling Software 52

Infosys Supply Chain Management

JULY 3, 2012

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. In this blog, with the example of Asset Management for personal health, they emphasize on identifying avenues for adding more Asset definitions to the EAM purview. Business Process Outsourcing. Customer Service.

Asset Management 30

Asset Management Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain 30

HICX Solutions

DECEMBER 1, 2022

Examples of friction are clearly shown in the results of HICX’ recent Voice of the Supplier Survey. Rounding out the top five are more joint collaboration or innovation (14%) and reasonable expectations, at 8% of respondents. Why focus on finding and removing friction? How to use segmentation to drive the supplier experience?

Optimal Sourcing 52

Optimal Sourcing Optimization Software Price Mitigation Strategies How To 52

Infosys Supply Chain Management

JUNE 20, 2012

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. Gopi Krishnan - As regards operator driven maintenance, I see examples of the self-service concept here. Citysourced, with the CDR innovation, extends the IT enabled EAM to the general public. Procurement Blog.

Asset Management 31

Asset Management Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain 31

Jaggaer

JUNE 18, 2019

JAGGAER InsideSpend Thought leadership Series – In this blog series, we profile leaders in the procurement industry. We hope their insights and experiences inspire you to achieve greatness in procurement. A conversation with Walter Charles, Chief Procurement Officer at Biogen. . Procurement Trends in Manufacturing.

Procurement Analytics 40

Procurement Analytics Manufacturing Procurement Big Data Procurement Solutions 40

Logistics Bureau

NOVEMBER 6, 2023

Of course, switching to more efficient lighting requires significant investment, especially if you choose induction lights, which are particularly expensive to procure. For example, could some areas of your warehouse be adapted via racking optimisation to store higher inventory volumes? Are Our Processes Optimal?

Cost Reduction Strategies 89

Cost Reduction Strategies Warehousing Waste Reduction Purchasing Skills 89

KEPLER Consulting

JANUARY 30, 2018

procurement are all elements justifying an urging need to bring performance and professionalism to I.T In addition, the establishment of a contract library and a SAM (Software Asset Management) are two examples of control tools particularly relevant for I.T 5 DEVELOP AGILITY TO CAPTURE INNOVATION AMONG “ICONOCLAST” ACTORS.

Purchasing Skills 40

Purchasing Skills Pricing Training Procurement Solutions Purchasing Training 40

HICX Solutions

MARCH 30, 2023

In this article, we discuss how segmentation can be applied to the growing number of use cases that are emerging in the Procurement function, with guidance on how the segments may be defined, how they can be used in the execution of initiatives and the wider benefits that result.

Supply Chain Planning Software 52

Supply Chain Planning Software Forecasting Software Supply Chain Software Demand Planning Software 52

HICX Solutions

APRIL 21, 2022

While Procurement remains the expert in terms of the contracts negotiated with suppliers, there are many other aspects to an overall relationship with a supplier. The responsibility goes far beyond the remit of traditional procurement activities and has to be embedded within the corporate culture and all aspects of the business.

Negotiating Skills 52

Negotiating Skills Optimal Sourcing Charlotte Cost Reduction Strategies 52

6 River Systems

JUNE 29, 2020

As global supply chains start the long process of recovery, supply chain management is in the spotlight, and new best practices and innovative strategies are emerging as supply chain leaders aim to reduce risk in an uncertain future. For example: Does it have a strong track record for meeting contractual obligations?

Supply Chain Planning Software 116

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Modeling 116

EcoVadis

JUNE 29, 2016

Recognizing this as an opportunity, the 13th 5 year plan explicitly states “Green Responsibility”, in addition to other key tenets (for example, Innovation responsibility), and in the details of the plan there is emphasis on CSR and environmental objectives. In Europe, the CSR agenda is now also the innovation agenda.

China 40

China Supply Chain Planning Software Waste Reduction Supply Chain Planning 40

QAD

DECEMBER 13, 2022

Helping employees become healthier and reducing insurance premiums by changing to healthy snacks in the vending machine, for example, or providing free healthy meals in the cafeteria. For example, when you go to the grocery store to buy 1% milk instead of whole milk. Applying the Concepts of the Rider and the Elephant.

Purchasing Skills 96

Purchasing Skills Negotiating Skills Procurement Analytics Analytics Software 96

o9 Solutions

JANUARY 19, 2022

Subscription models will turn implementation projects into plug-and-plan exercises. . The trend of wide-scale unpredictability will linger, impacting procurement and holding up products making it into the consumer’s hands. . For example, meeting the expectations of e-commerce obsessed and eco-conscious consumers is the norm now.

Predictive Analytics Software 52

Predictive Analytics Software Supply Chain Planning Software Price Reduction Modeling 52

Supply Chain Game Changer

MARCH 18, 2021

Procurement teams article and permission to publish here provided by Sam Jenks. Procurement is a function that has long been at cross-roads; dare to transform within people, process & technology, or keep doing what has always worked just fine. Procurement practitioners are hard-wired to avoid risk and secure profit/cost gains.

Eliminating Excel in Purchasing 61

Eliminating Excel in Purchasing Optimal Sourcing Procurement Solutions Procurement 61

HICX Solutions

JUNE 23, 2020

As such, all divisions of all organisations – including procurement – have had to adapt to support rapidly changing priorities. Procurement has done well – perhaps too well, some would argue, given the rise of its pejorative alias ‘spend police’ – at creating savings and driving down costs.

Optimal Sourcing 52

Optimal Sourcing Procurement Vendor Strategies Resource Reduction 52

HICX Solutions

MARCH 30, 2023

Resource Allocation The first of the two supplier segmentation examples , resource allocation, is firmly embedded in Procurement. Does the data actually serve a strategic purpose, or is this a gigantic check-the-box exercise?” First, if every supplier fills out every survey, what happens with all of the information?

Optimal Sourcing 52

Optimal Sourcing How To Optimization Software Survey 52

Supply Chain Game Changer

NOVEMBER 23, 2018

Barcoding and Blockchain technology weren’t really within reach for the innovators of the early 1900’s. For this reason, I thought it’d be a fun exercise to put a new name on supply chain transparency, rather than a typical sweeping-generalized definition. There are a plethora of examples of physical-digital utilization?—?for

Supply Chain Software 47

Supply Chain Software Supply Chain Strategy Supply Chain Material Savings 47

HICX Solutions

JULY 26, 2021

Procurement network and intelligence platform providers, Procurement Leaders, hosted a webinar featuring Supply Chain and Procurement experts, Dr. Elouise Epstein , Partner at Kearney , and Costas Xyloyiannis , CEO at HICX. Digital technologies drive path to strategic procurement. An exciting time for Procurement.

Supply Chain Planning Software 96

Supply Chain Planning Software Analytics Software Supply Chain Network Software Modeling Software 96