Unleashed

APRIL 5, 2021

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. What are the steps in the procurement process? Choose the best supplier.

Procurement Solutions 66

Procurement Solutions Pricing Training Purchasing Training Purchasing Skills 66

The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Breaking Boundaries: Exploring Generative AI’s Impact on Supply Chains Supply chains encompass many interconnected activities, from procurement, production, and inventory management, to logistics and distribution. Table 1 details some examples of areas of application of generative AI for different supply chain participants.

Optimal Sourcing 244

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Modeling 244

EC Sourcing Group

APRIL 6, 2023

However, many of these same organizations fail to consider the impact that unconscious bias can have on their procurement process. Unconscious bias refers to the attitudes or stereotypes that affect our decisions and actions without us even realizing it. Various types of unconscious bias can occur within procurement.

Vendor Strategies 52

Vendor Strategies Analytics Software Optimal Sourcing How To 52

Supply Chain Shaman

FEBRUARY 18, 2021

This means building a cognitive engine to sense, learn, and adapt using market data for innovators. Initially, the output was published to procurement to design strategic buying strategies. Procurement became an island–isolated from the demand signal except for MRP. Need For What-If Analysis. Over time, this changed.

Supply Chain Planning Software 278

Supply Chain Planning Software Supply Chain Design Software Supply and Demand Procurement Analytics 278

The Logistics & Supply Chain Management Society

JULY 16, 2023

Resilience refers to the ability of a supply chain to withstand and recover from disruptions, while agility refers to its ability to respond quickly and effectively to changing circumstances. Demand changes refer to shifts in customer preferences, market trends, or unexpected spikes in demand.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Supply Chain Software Sourcing Strategies Resource Reduction 130

ivalua

MAY 9, 2019

The most fundamental spend categorization in Procurement is the line between direct and indirect spend, but one effort that transcends this split is supplier management. Direct suppliers often become strategic partners because the company’s collaborative efforts with them have a direct impact on innovative potential. Healthcare.

Supplier Management 145

Supplier Management Manufacturing Procurement Procurement Solutions Optimal Sourcing 145

Claritum

MAY 12, 2019

Claritum Article - Procurement Blog. Technologies and Procurement Table. There are a lot of articles around on what Procurement needs to do; how Procurement needs to change; and how technology will fundamentally change Procurement. 2 Technologies and Procurement Table. Virtual Procurement Agents.

Analytics Software 36

Analytics Software Predictive Analytics Software Modeling Software Supply Chain Network Software 36

Elementum

FEBRUARY 7, 2024

Business Process Automation AI: Revolutionizing Efficiency in the Digital Age Artificial Intelligence (AI) is dramatically transforming Business Process Automation (BPA), ushering in a new era of operational efficiency and innovation. Businesses gain agility and can focus human resources on strategic work.

Sourcing Strategies 78

Sourcing Strategies Supply Chain Software Optimal Sourcing Predictive Analytics Software 78

Supply Chain View from the Field

APRIL 10, 2013

At the Coupa INSPIRE procurement conference in San Francisco this week, the Chief Procurement Officer of Coca Cola Consolidated, Patrick Hopkins, shared his views on the “4 Truths of Procurement”, and how he has operationalized his views through the deployment of Coupa procure to pay software. Data must be right.

Procurement 83

Procurement Material Savings San Francisco SAP 83

Supply Chain Shaman

MARCH 12, 2019

Examples include Enterprise Resource Planning (ERP), Warehouse Management (WMS_ or Advanced Planning (APS). As you implement supply chain analytics and use control theory with well-defined reference data with clear bands for control, process improvement ensues. Indirect procurement has little to do with direct material management.

Prescriptive Analytics Software 173

Prescriptive Analytics Software Manufacturing Procurement Procurement Analytics Analytics Software 173

SCMDOJO

DECEMBER 14, 2023

This total time can be further categorized into key components: Procurement Lead Time: This dimension, situated in the upstream supply chain, covers the duration from placing an order to receiving it. Procurement Lead Time: Efficient procurement lead time ensures timely access to raw materials, a fundamental step toward efficient production.

Inventory Reduction 75

Inventory Reduction Vendor Strategies Waste Reduction Cost Reduction Strategies 75

SCMDOJO

JULY 13, 2022

National Association of Educational Procurement. For example, Giuseppe Borsellino (ex-Michael Page) shared his wealth of knowledge on How to Get a Job in Supply Chain Management? How To Create A Logistics Resume – Tips & Example. National Association of Educational Procurement. Michael Page. Naukri Gulf. Naukri Gulf.

Supply Chain Design Software 112

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 112

Supply Chain Shaman

NOVEMBER 21, 2018

In this push, Oracle, SAP and INFOR became revenue market leaders in APS, but under-served the market in the delivery of innovation. Reference Figure 1. Outsourcing–procurement, manufacturing and transportation– decreased visibility and increased data latency. Sadly, it did not. The inverse occurred. The drivers?

Supply Chain Planning Software 195

Supply Chain Planning Software Forecasting Software Supply Chain Planning Demand Planning Software 195

Supply Chain Shaman

NOVEMBER 2, 2018

Examples include alternate sourcing, bill of material changes or alternate modes/routing between the planning, procurement and transportation.) The groups of supply planning, procurement and logistics operate within silos. History tells us that software acquisitions and consolidation reduces, not accelerates, innovation.

Supply Chain Planning Software 167

Supply Chain Planning Software Supply Chain Network Software Manufacturing Procurement Supply Chain Design Software 167

EcoVadis

FEBRUARY 3, 2016

Procurement teams may be wondering “What is the Circular Economy and how might it be integrated into supply chain management?”. The term Circular Economy refers to a closed loop economic system, where waste is eliminated and outputs feed back into the cycle.

Manufacturing Procurement 40

Manufacturing Procurement Procurement Analytics Optimal Sourcing Procurement Solutions 40

Supply Chain Shaman

DECEMBER 11, 2018

Supply chain innovation is slowly simmering in the face of radical disruption. Examples include Hadoop, Kafka, and Apache Spark. . Do you think that this definition could contain a few more references to digital?). A confluence of technology drives innovation. Innovation is redefining business processes.

Supply Chain Planning Software 195

Supply Chain Planning Software Supply Chain Design Software Modeling Software Supply Chain Network Software 195

ivalua

NOVEMBER 10, 2020

Innovating to Uncover New Sources of Revenue in the Public Sector. Step 1: Use e Procurement Systems as a Potential Source of Revenue. Thinking of procurement as a new source of revenue is certainly counterintuitive, but it fits the bill of thinking differently. Step 2: Use e Procurement systems for vendor relationships .

Procurement Solutions 130

Procurement Solutions Procurement Analytics Modeling Software Analytics Software 130

Supply Chain Collaborator

JUNE 21, 2018

Innovative New Solution Modules, Features and Other Advancements within the Acclaimed UltraShipTMS Platform Earn 2018 Recognition as a Top 100 Supply Chain Provider from a Leading Industry Media Outlet.

Modeling 60

Modeling Supply and Demand Demand Planning Software Supply Chain Software 60

Proxima

JULY 3, 2023

Carbon as a cost of a product or service for example, can be calculated by determining the amount of carbon emissions released during the production, transportation, usage, and disposal of a product or service and then applying a cost of carbon to this (and perhaps any additional cross border taxes). Sounds simple, right?

Cost Reduction Strategies 52

Cost Reduction Strategies Resource Reduction Supply Chain Planning Software Supply Chain Design Software 52

Supply Chain Shaman

FEBRUARY 14, 2022

The industry considers the company a leader, but I know the dark side that internally, the IT processes squash innovation. When companies reward OEE in manufacturing and POV in procurement, companies will systemically make the wrong stuff. Bad behaviors perpetuate. If it weren’t sad, it would be laughable. Measurement.

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

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

SCMDOJO

AUGUST 16, 2023

The ability to analyze this data enables the retail giant to make informed decisions on product procurement, inventory management, and demand forecasting. One of the key elements of the EDLC policy is the direct procurement of items from suppliers, eliminating intermediaries in the process.

Inventory Reduction 74

Inventory Reduction Vendor Strategies Price Reduction Supply Chain Planning Software 74

Arena Solutions

MAY 31, 2020

Though BOMs can include more descriptive information too, for example, the unit of measure or procurement type. BOMs that have printed circuit board assemblies (PCBAs) contain a column for listing reference designators. Below are examples of how a bill of materials for a GPS navigation product would look in each system.

Supply Chain Design Software 58

Supply Chain Design Software Manufacturing Procurement Procurement Solutions Supply Chain Software 58

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

QAD

JANUARY 14, 2021

To this day, many products are identified and referred to by their packaging. There is also biodegradable packaging; one example is food containers made from cornstarch being used for takeout meals. These are just some of the innovations that are taking place. Procurement.

Manufacturing Procurement 96

Manufacturing Procurement Packaging Food Sustainability 96

Supply Chain Shaman

JUNE 6, 2013

Take the General Mills and Kellogg example in figure 1. More advanced supply chain leaders model the role of complexity (product and customer), the impact of risk, and opportunity of innovation as well as product shipping and manufacturing locations, and inventory policies. My focus here is to answer this second question.

Supply Chain Planning Software 278

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Scenario Planning 278

Supply Chain Game Changer

APRIL 29, 2021

In that effort, enterprises should seek innovative technologies with the potential to disrupt and transform the current supply chain operating models and bring in a more competitive edge. These major shifts will likely have various implications for the procurement process. Encouraging innovation and collaboration. Industry 4.0:

Supply Chain Software 135

Supply Chain Software Supply Chain Design Software Supply Chain Planning Software Supply Chain Network Software 135

Unleashed

JANUARY 24, 2022

MRO stands for Maintenance, Repair and Operations and refers to the MRO of the machinery, equipment, and tools necessary to run a business. For example, you may look after PPE and office equipment in-house but have a supplier of maintenance equipment monitor this inventory on your behalf who raises purchase orders when stocks are low.

Inventory Reduction 98

Inventory Reduction Inventory Management Software Procurement Solutions Supply Chain Software 98

C3 Solutions

JULY 30, 2020

Consumer data provider Nielsen refers to this as 'frictionless commerce", or giving shoppers, "zero resistance from discovery to assessment to shopping to payment to fulfillment…. Nobody wants to be the guinea pig," Intel's global logistics procurement director Greg Christensen told the authors of the 2019 State of Logistics Report.

Gartner 127

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

Supply Chain View from the Field

JUNE 20, 2014

As an example, in the 1950s, the U.S. The White House defines a biobased economy as follows: “A bioeconomy is one based on the use of research and innovation in the biological sciences to create economic activity and public benefit.”. chemical and plastics industry was responsible for over 5 million U.S.

Manufacturing Procurement 60

Manufacturing Procurement United States Chemicals Supply Chain Software 60

Procurement Academy

JULY 8, 2022

However, throughout the supply chain key factors such as time, demand for the supply, lack of communication and disorganization can result in one of the most common problems in supply chain management: the bullwhip effect (or sometimes referred to as the whiplash effect). Lack of communication. Free return policies.

Price Reduction 52

Price Reduction Inventory Reduction Cost Reduction Strategies Material Savings 52

Procurement Academy

JULY 8, 2022

However, throughout the supply chain key factors such as time, demand for the supply, lack of communication and disorganization can result in one of the most common problems in supply chain management: the bullwhip effect (or sometimes referred to as the whiplash effect). Lack of communication. Free return policies.

Price Reduction 52

Price Reduction Inventory Reduction Cost Reduction Strategies Material Savings 52

EHS Sustainability Knowledge at Work

SEPTEMBER 13, 2018

With apparel brands, for example, up to 90% of emissions come from the value chain, and while multi-tenure landlords are making efforts to cut emissions from their offices and fleet, this is dwarfed by their oft-reported +99% Scope 3 emissions.

Inventory Reduction 56

Inventory Reduction Resource Reduction Material Savings Cost Reduction Strategies 56

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

Logistics Bureau

OCTOBER 19, 2020

Suppose you wanted to be the fastest runner in the world, for example. In fact, SCOR is actually an entire reference model for supply chain performance management and improvement, in which benchmarking plays just one part. Those levels are “benchmarks”. The first thing you’d want to know is “what is the benchmark?”

Benchmarking 52

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

EcoVadis

MAY 31, 2018

EcoVadis sustainability ratings and scorecards help procurement teams monitor supply chain Corporate Social Responsibility (CSR)/ESG practices across 190 sectors and 150 countries. Every month hundreds of companies proudly communicate ( examples here ) when their score has made them eligible to earn an EcoVadis Gold, Silver or Bronze medal.

Procurement Analytics 68

Procurement Analytics Metrics Sustainability Optimal Sourcing 68

GlobalTranz

FEBRUARY 11, 2016

Artificial intelligence refers to the use of computer software to make decisions and interact with human capabilities. One of the most notable examples remains the creation of Watson, the supercomputer controlled artificial intelligence that defeated Jeopardy! What Is Artificial Intelligence?

Supply Chain Design Software 120

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 120