ivalua

MAY 9, 2023

Ivalua Spend Management Insights [ivory-search] Procurement in the Age of Uncertainty: 4 Lessons from the New Forrester Study May 9, 2023 | | Innovation by Alex Saric In today’s age of uncertainty, procurement departments are under tremendous pressure. While offering faster time to value and easier maintenance, many are rigid.

Optimal Sourcing 130

Optimal Sourcing Study Procurement Supply Chain Planning Software 130

QAD

JANUARY 24, 2023

It is no secret that procurement executives are constantly seeking innovative ways to maximize efficiency and address unexpected supply disruptions. Are your processes and technology prepared to collect the necessary information from suppliers and effectively share with the appropriate regulatory agencies?

Supply Chain Software 97

Supply Chain Software Manufacturing Procurement Optimal Sourcing Procurement 97

Supply Chain View from the Field

FEBRUARY 9, 2014

As organizations face a challenging market for global growth, the knowledge that innovation is the life blood for market expansion is well understood. At the tactical level, supplier management will need to become more aligned to the needs of the business. In some cases, regulatory barriers are discouraging innovation.

Optimal Sourcing 76

Optimal Sourcing Innovation Negotiating Skills Supply Chain Design Software 76

ivalua

MAY 18, 2022

When it comes to the nature of buyer-supplier relationships, we’re entering a brave, new world. Organizations are increasingly dependent on suppliers to successfully bring innovative goods and services to market on time, improve ESG performance, and meet other objectives. Gain control of your supplier data.

Supplier Management 130

Supplier Management Supply Chain Planning Software Negotiating Skills Optimal Sourcing 130

Logistics Viewpoints

OCTOBER 10, 2022

As the Automotive OEMs improved their supply chain risk management processes, they then turned to their key suppliers to improve their risk management processes. Autoliv is the largest supplier of safety systems to the automotive industry. There were several things they were looking to accomplish in the near term.

Supply Chain Risk Management 223

Supply Chain Risk Management Risk Management Supply Chain Planning Software Supply Chain Software 223

crisp

NOVEMBER 2, 2023

With Crisp’s advanced, real-time analytics and SupplyPike’s innovative supply chain management tools, businesses gain a comprehensive solution that addresses the full spectrum of supply chain challenges. ” “Retailer deductions are a real challenge for CPG brands,” said Len Ostroff, EVP of Partnerships at Crisp.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Analytics Software Optimization Software 52

QAD

JUNE 27, 2023

Globalization and other factors have imposed financial pressures on supply chains, compelling suppliers to do more with fewer resources while keeping costs low. Factors such as rising wages, increasing ESG regulations and commodity price fluctuations are examples that add operational and financial strain on suppliers.

Cost Reduction Strategies 94

Cost Reduction Strategies Resource Reduction Price Reduction Material Savings 94

ivalua

SEPTEMBER 19, 2022

Organizational abilities to effectively assess risk and engage suppliers to mitigate it are woefully lacking in most cases. For example, nearly half (43.9%) of CPOs responding to a recent survey by Ardent Partners indicated that they do not know what percent of their suppliers are high risk. Few knew until impacted.

Supply Chain Risk Management 130

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

ivalua

JUNE 1, 2022

For example, saving 10% by buying supplies in India or China must be weighed against the potential risk of supply chain disruption in case of a crisis like Covid-19. There’s also the cost of setup and qualification, and without the right technology in place, it can take years to get another supplier qualified.”

Supply Chain Planning Software 130

Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Software Manufacturing Procurement 130

ivalua

FEBRUARY 12, 2021

Believing they have secured an order with one of their suppliers, only for this order not to be honored because a customer who is more strategic, more generous with the negotiated rates and quicker at paying, has been given priority. What does this teach us about Supplier Relationships? To whom will they offer their latest innovation?

Negotiating Skills 130

Negotiating Skills Demand Planning Software Modeling Software Buyer Training 130

ivalua

MARCH 16, 2021

For example, saving 10% by buying supplies in India or China must be weighed against the potential risk of supply chain disruption in case of a crisis like Covid-19. There’s also the cost of setup and qualification, and without the right technology in place, it can take years to get another supplier qualified.”

Manufacturing Procurement 130

Manufacturing Procurement Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Software 130

QAD

MAY 26, 2021

The QAD Adaptive Applications portfolio of solutions helps manufacturers to become more agile, intelligent and innovative. It includes applications that cover many areas of manufacturing and supply chain by addressing five critical capabilities of an Adaptive Manufacturing Enterprise : Integrated Supplier Management .

Procurement Solutions 52

Procurement Solutions Supply Chain Planning Software Supply Chain Design Software Analytics Software 52

ivalua

DECEMBER 14, 2020

When selecting a platform to digitize operations and improve supplier management, you should look for modern software that uses data from multiple sources to help you make good decisions,” Jones said. Automation is also an essential capability. Through digital transformation, Meritor not only achieved its goals, but brought $1.8

Procurement Solutions 130

Procurement Solutions Optimal Sourcing Manufacturing Procurement Optimization Software 130

QAD

JANUARY 19, 2023

Industries Utilizing Supply Chain Management Supply chain management is applicable to most industries, but here are a few examples of growing fields: Industrial Manufacturers – Today’s consumers demand products that fall in the categories of configure-to-order, make-to-order, and assemble-to-order.

Supply Chain Planning Software 95

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 95

QAD

JANUARY 4, 2022

Raw materials shortages, for example, of aluminum and wooden pallets. Best practices for overcoming supply chain challenges in the areas of supply chain planning, transportation management, quality, sourcing and supplier management. International and domestic shipping disruptions. Rise in ocean freight rates.

Manufacturing Procurement 96

Manufacturing Procurement Supply Chain Software Supply Chain Design Software Supply Chain Planning Software 96

GlobalTranz

AUGUST 17, 2015

The business landscape is ever changing, numerous innovations have allowed companies to transcend borders and become global entities. While the opportunities are numerous so are the challenges; in this fiercely competitive global marketplace success requires companies to pay closer attention to supplier relations.

Sourcing Strategies 120

Sourcing Strategies Price Reduction Vendor Strategies Cost Reduction Strategies 120

SCMDOJO

NOVEMBER 8, 2022

For example: Top 5 Logistics Management Key Performance Indicators (KPIs). 7 Practical Challenges in S&OP Deployment You Should Avoid , Career Change to Supply Chain Management- 6 Top Tips. The channel also pioneers warehouse technology and innovative factory solutions and how they relate to the everyday field.

Supply Chain Design Software 121

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Prescriptive Analytics Software 121

HICX Solutions

JUNE 24, 2022

The principle offers a feasible vehicle in which enterprises can better engage and collaborate with suppliers. Encouragingly we’re seeing leading organizations embrace this next evolution of supplier management,” explained Costas Xyloyiannis, CEO of the supplier experience management platform, HICX.

Procurement 52

Procurement Eliminating Excel in Purchasing Purchasing Skills Price Reduction 52

Resilinc

MARCH 22, 2023

For example, problems won’t come only from supply; you must also address aspects of demand. For example, a lack of sprinklers in your tier-3 supplier is a weakness that could lead to a factory fire and further supply chain disruptions. Next, consider hidden strengths and weaknesses within your organization.

Supply Chain Design Software 62

Supply Chain Design Software Supply Chain Planning Software Purchasing Skills Network Design Software 62

SCMDOJO

JUNE 21, 2023

Supply Chain as a Service (SCaaS) Examples Across Industries Retail Industry Retailers leverage third-party service providers, external manufacturing systems (EMS), and supply chain IT services (RFID, IoT, barcoding, etc.), allowing them to shift their focus towards core activities like market share and product management.

Supply Chain Planning Software 94

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Optimal Sourcing 94

ivalua

AUGUST 16, 2021

The wave of globalization has made businesses more reliant upon their suppliers than ever before. This reliance can increase supplier risk or uncover a large source of value and supplier innovation for organizations. . Evaluate and manage supplier performance. People and Organization.

Optimal Sourcing 130

Optimal Sourcing Sourcing Strategies Supply Chain Planning Software Supply Chain Design Software 130

QAD

APRIL 22, 2021

For example, if a manufacturer sells a product for $1,000 with a 7% net profit margin, this sale puts $70 dollars into the bottom line. Procurement executives are increasingly seeking innovative ways to maximize sourcing efforts and address supply disruption at many levels.

Manufacturing Procurement 84

Manufacturing Procurement Optimal Sourcing Negotiating Skills Purchasing Skills 84

Procurement Academy

AUGUST 15, 2022

Strategic supplier relationship management (SRM) is a key factor for driving competitive advantage for multi-national organizations. When buyers invest in their relationships they are typically reciprocated by the supplier, and with a diverse array of benefits. Innovative training. Effective communication.

Vendor Strategies 52

Vendor Strategies Price Reduction Price Mitigation Strategies Optimal Sourcing 52

HICX Solutions

FEBRUARY 17, 2022

Peter is a former Senior Strategic Procurement Manager at Air Canada , who, after more than 25 years at the organization, has a wealth of experience in areas including strategic sourcing, category management and supplier management. A case for innovation and improving supplier relationships.

Optimal Sourcing 52

Optimal Sourcing Procurement Canada Sourcing Strategies 52

ivalua

FEBRUARY 24, 2021

Every Superhero needs a side-kick to achieve maximum performance, and according to Hackett’s Nicolas Walden, turning your suppliers into allies is an essential first step towards achieving AP Superhero status. . Bad Supplier Relationship Management is the kryptonite for AP . This goes beyond understanding formal processes.

Cost Reduction Strategies 130

Cost Reduction Strategies Resource Reduction Negotiating Skills Optimal Sourcing 130

HICX Solutions

DECEMBER 6, 2022

In order to achieve this engagement, a supplier centric approach that offers valuable information to the supplier is vital. Stephane likens this method to a marketing campaign as he explains: “The supplier must repeatedly go to the tool. Helping suppliers manage risk and compliance as a value add.

How To 52

How To Optimal Sourcing Survey Resource Reduction 52

ThroughPut

APRIL 5, 2024

For example, AI can identify patterns in demand, value and other product traits and accordingly classify inventory into categories to enable prioritized management of stock. Suppliers can thus be ranked based on their strengths and weaknesses, and chosen via an unbiased, optimal selection strategy. Here are a few major examples.

Inventory Management Software 52

Inventory Management Software Inventory Management Inventory Reduction Inventory 52

Supply Chain Shaman

JUNE 6, 2013

Take the General Mills and Kellogg example in figure 1. With the shift of power to the retailer, both have had to add headcount to manage the increased demands for sales to staff account-specific teams to better manage against retailer expectations. ” Planning leadership is a problem for most organizations.

Supply Chain Planning Software 277

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Scenario Planning 277

ivalua

MAY 30, 2023

However, implementing category strategies for successful sourcing and supplier management can be challenging without the right tools. With more resources at their disposal, local talents can create innovative solutions that can further transform the regional economy.

Manufacturing Procurement 49

Manufacturing Procurement Procurement Solutions Resource Reduction Price Reduction 49

QAD

JULY 15, 2021

Innovation: Just one year after COVID-19 was declared a global health emergency, there were 10 vaccines available for full or limited use and more than 80 vaccines in human trials. COVID-19 forced manufacturing leaders to adopt a new agile approach to more efficient product development, manufacturing processes and supplier management.

Supply Chain Planning Software 97

Supply Chain Planning Software Analytics Software Forecasting Software Demand Planning Software 97

SCMDOJO

SEPTEMBER 18, 2023

In this position, professionalism and innovation aren’t just respected; they’re assets that directly result in cost savings, allowing the business to grow and achieve new heights. It helps in optimizing costs, managing risks, and maintaining the quality and reliability of supplies. What is an example of procurement?

Negotiating Skills 101

Negotiating Skills Manufacturing Procurement Optimal Sourcing Pricing Training 101

Clear Spider

MARCH 21, 2024

How Does Artificial Intelligence Fit Into Supply Chain Management? It’s quickly becoming essential to innovation in many industries. A recent McKinsey survey reports that companies have achieved the highest savings from AI in supply chain management. This way AI can help businesses make informed decisions about their suppliers.

Inventory Reduction 52

Inventory Reduction Inventory Management Software Supply Chain Planning Software Optimization Software 52

QAD

DECEMBER 19, 2023

A great example of this, if I’m being honest, is the UAW-Big 3 strike. That’s why resilience-building should be a year-round priority and a great place to start is MMOG/LE Chapter 6 on supplier management and, of course, “ The 24 Essential Supply Chain Processes ,” from your very own auto supply chain prophets.

Supply Chain Planning Software 96

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Agile and Lean Supply Chain 96

Enterra Insights

SEPTEMBER 3, 2019

Richard Howells, SAP’s Vice President for Solution Management for the Digital Supply Chain, believes blockchain will not only help address complexity but will reduce costs as well. Blockchain has the potential to help enable us to manage and track a ‘digital twin’ of shipping containers across the world.”[2]

Supply Chain Planning Software 100

Supply Chain Planning Software Gartner Supply Chain Software Supply Chain Planning 100

Claritum

JULY 23, 2018

There are positive outcomes associated with supply diversity, including for example innovation through the entrance of new products, services, and solutions; access to multiple channels from which to procure goods and services; and it drives competition (on price and service levels) between the company’s existing and potential vendors.

Supply Chain Software 36

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

Proxima

MAY 31, 2019

The full benefits from a fully-enabled and empowered supply chain will be delivered by buying organisations and their supply markets cooperating, creating and driving innovation to meet the ever more complex needs of their end customers. Suppliers don’t get complacent due to fixed term contracts.”.

Negotiating Skills 40

Negotiating Skills Buyer Training Supply Chain Planning Software Optimal Sourcing 40

Precoro

OCTOBER 2, 2023

For example, according to the 2023 Global Chief Procurement Officer (CPO) Survey , “It's imperative to continue the ruthless automation of P2P and supply chain execution supporting an autonomous ‘driverless organization’ (e.g., a driverless car). But is I2P really better than procure-to-pay software?

Procurement Solutions 59

Procurement Solutions Procurement Analytics Optimal Sourcing Supply Chain Design Software 59