SCMDOJO

MARCH 19, 2024

Risk Management The department can proactively identify and address potential risks in the supply chain, such as material shortages, natural disasters, or political instability. Analyze performance metrics and implement improvements to enhance efficiency. Inventory Controller Manage inventory levels and stock movement.

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

SYSPRO Smarter ERP

MARCH 2, 2022

Risk management. Risk management was not an issue that most procurement managers considered in the past. In an environment of volatility and uncertainty, risk analysis is becoming part of the procurement process. Supplier relationship management.

Optimal Sourcing 116

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Supply Chain Software 116

Enterra Insights

JULY 18, 2023

Such predictions concern governments, populations, and industries. For more than a decade, water-related risks have led the World Economic Forum’s global risk assessment in terms of both likelihood and severity of impact on both people and businesses.”[5] Although there are a number of issues surrounding water (e.g.,

Resource Reduction 130

Resource Reduction Industrial Industry Waste Reduction 130

Supply Chain Insights

JUNE 1, 2017

The importance of supplier development and risk management, along with corporate social responsibility and governance are emphasized. What specific policies, processes, and metrics in the supply chain would achieve success in this strategy? What supply chain strategy aligns with that business strategy?

Supply Chain Strategy 161

Supply Chain Strategy Supply Chain Software Price Mitigation Strategies Supply Chain 161

Elementum

FEBRUARY 7, 2024

Inventory Management: Precision and Efficiency through Automation AI and ML transform inventory management by predicting stock levels, automating reorder processes, and optimizing warehouse organization. This reduces the risk of overstocking or stockouts, ensuring inventory is managed with unprecedented accuracy and efficiency.

Sourcing Strategies 78

Sourcing Strategies Supply Chain Software Optimal Sourcing Predictive Analytics Software 78

Logistics Viewpoints

NOVEMBER 14, 2022

Significant product enhancements include new environmental, social, and governance (ESG) features to allow planners to make emissions-informed decisions at the time of booking transportation, and a voucher payment process to compensate truckers for container moves in countries where the traditional prepaid model is not permitted by law.

Agile and Lean Supply Chain 224

Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Design Software Supply Chain Network Software 224

TMC

NOVEMBER 18, 2015

Keeping an eye on changes in government policies is another important detection activity, which often falls under the umbrella of a centralized corporate function such as Legal or Compliance. Shifts in government policy can be immensely disruptive, especially when they occur with little or no warning.

Metrics 67

Metrics Supply Chain Planning Software Forecasting Software Supply Chain Software 67

ivalua

AUGUST 16, 2021

A checklist guide to getting the most out of your supplier risk management program. This reliance can increase supplier risk or uncover a large source of value and supplier innovation for organizations. . The following are some of the most common objectives for implementing a supplier risk and performance management program. .

Optimal Sourcing 130

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

o9 Solutions

JANUARY 20, 2022

The consequences of inaction carry not only substantial brand and capital market risk, but also the risk of severe disruptions to the supply of materials, goods, and services needed to service market demand. Sustainability is a critical topic in every supply chain transformation. What o9 will do for its clients. o9 is different.

Supply Chain Design Software 52

Supply Chain Design Software Sustainability Supply Chain Planning Software Analytics Software 52

Logistics Viewpoints

AUGUST 15, 2022

For example, Coupa has a metric called the “Risk Management Evaluation Completion Rate” that specifies the percentage of risk questionnaires filled out by a company’s suppliers. For benchmarking metrics to be valid, they need to be based on a large sample. At top performing procurement organizations, 86.2%

Supply Chain Network Software 218

Supply Chain Network Software Manufacturing Procurement Procurement Analytics Optimal Sourcing 218

Supply Chain Shaman

JUNE 5, 2013

Recognition of constraints and the management of floating bottlenecks. Management and planning of the entire network against a value network strategy. Integration of corporate social responsibility metrics in planning. Local/Global Governance. Clear governance of global planning and local decisions. Little clarity.

Supply Chain Planning Software 216

Supply Chain Planning Software Supply Chain Planning Supply and Demand Supply Chain Design Software 216

Supply Chain Game Changer

MAY 18, 2021

Clearly these are breakdowns in end to end Supply Chain Management which impact on nature and our environment. A lack of business and government focus on managing impacts to nature will result in further, and irreversible, degradation to nature and to our biodiversity, and by extension to the global economy.

Supply Chain Design Software 64

Supply Chain Design Software Supply Chain Design Supply Chain Strategy Supply Chain Software 64

Resilinc

NOVEMBER 14, 2023

Resilinc’s Rick Freeman weighs in on the future opportunities for high-tech and semiconductor companies Despite the stabilization of the high-tech and semiconductor supply chain, the industry still faces pressure due to ongoing import/export restrictions and changing regulations governing semiconductor production and sourcing.

Supply Chain Strategy 58

Supply Chain Strategy Sourcing Strategies Manufacturing Procurement Supply Chain Software 58

Supply Chain Game Changer

MAY 27, 2020

would prove more reliable in the cases where foreign governments are uncooperative in times of crisis. Additionally, we would enjoy the mitigation of what now seem like more mundane risks – port labor strikes, international air travel limitations, typhons, etc. Risk monitoring and governance. Supplier Management.

Price Reduction 132

Price Reduction Cost Reduction Strategies Material Savings Purchasing Skills 132

The Logistics & Supply Chain Management Society

MAY 28, 2022

In a recent Federation of European Risk Management Associations (FERMA) survey with McKinsey , business operations and supply chain emerged as weak points in the areas of risk and resilience. Resilience through technical capability and consistency. There’s a lot of room for improvement to make supply chains more resilient.

Supply Chain Planning Software 269

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Innovation 269

Precoro

DECEMBER 11, 2023

” As part of this, they analyze whether or not the business priorities and governance styles of potential suppliers align with the purchasing company’s principles. Building strong supplier relationships in strategic sourcing involves focusing on continuous and strategic supplier relationship management (SRM).

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

Vinculum

MARCH 2, 2020

Here, comes the role of master data management and data governance and in short master data governance. What is Master Data Governance? Master data governance can be defined as the process of leveraging data governance to improve the management of master data. Why is Master Data Governance Required?

Government 52

Government Data Optimal Sourcing Cost Reduction Strategies 52

Logistics Viewpoints

APRIL 4, 2022

They built them between 2012 and 2014, and then enhanced them when better supply chain risk management solutions became available. The company is moving to include more industry and government data on macroeconomic trends to improve their long term forecasting. The company has built Control Towers for this purpose.

Supply Chain Transformation 194

Supply Chain Transformation Supply Chain Planning Software Modeling Scenario Planning 194

Supply Chain Shaman

MAY 1, 2014

Instead, companies are letting the federal government stuff a standards mandate with UDI. In this survey we find out some benchmark metrics on the number of demand planners per item, and the rate of adoption of demand and supply chain planning systems. This industry has no leader(s) driving the initiative.

Supply Chain Planning Software 289

Supply Chain Planning Software San Diego Supply and Demand Pharmaceutical 289

EcoVadis

MARCH 31, 2017

Many organizations are losing millions, and in some Global 3000 cases, billions of dollars a year due to ineffective supply chain risk management and monitoring. The following table gives some examples of criteria that can be taken into account during a CSR assessment: Actionable, Benchmark-able Metrics and Insights .

Procurement Solutions 56

Procurement Solutions Procurement Analytics Manufacturing Procurement Supply Chain Planning Software 56

Unleashed

MARCH 28, 2021

Key responsibilities of the Supplier Relationship Manager include identifying and segmenting key SRM partnerships, delivering leadership and expertise to SRM teams and providing oversight and ongoing governance for all supplier relationships. Supplier scorecards help businesses to maintain profitable, metrics-based supply chains.

Negotiate Pricing 111

Negotiate Pricing Cost Reduction Strategies Price Reduction Negotiating Skills 111

Precoro

MARCH 31, 2023

Sustainable Procurement: Meaning and Importance Sustainable procurement is a process by which companies obtain the needed goods and services while incorporating environmental, social, and governance (ESG) factors. This can ensure supply continuity and security, helping companies to maintain stable operations and meet customer demand.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Manufacturing Procurement Procurement Solutions 52

Resilinc

MARCH 30, 2021

Key tasks in the Plan phase include developing a business case, creating service agreements with internal customers, defining metrics, and building a team and governance structure. Difficulty in valuing risk management. It starts with building a business case. BUILD THE BUSINESS CASE.

Supply Chain Planning Software 62

Supply Chain Planning Software Scenario Planning Supply Chain Planning Material Savings 62

Supply Chain Matters

DECEMBER 20, 2022

Bloomberg reported this week ( Paid subscription or metered view ) that social media posting across the country are indicating that deaths within population centers seem higher than official government data would indicate. based Institute of Health Metrics and Evaluation (IHME).

Policies 52

Policies Predictive Analytics Software Sourcing Strategies Manufacturing Procurement 52

Supply Chain Game Changer

JUNE 23, 2020

Government leaders, CEOs, and citizens of the world all require Supply Chain professionals to create more robustness, resiliency, and responsiveness into all of our Supply Chains. Digital Supply Chain ) Asset management and Cash cycle improvement. So where should Supply Chains be spending their time to make things better in the future?

Supply Chain Planning Software 101

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Strategy 101

Veridian Solutions

OCTOBER 11, 2018

A Guide to the Warehouse Metrics Supply Chain Execs Should Track. Warehouse managers are process driven and are quite adept in managing the flow of products, keeping labor productivity in check , ensuring performance optimization and more. Roles and responsibilities in managing risks and issues.

Resource Reduction 53

Resource Reduction Cost Reduction Strategies Inventory Reduction Supply Chain Planning Software 53

Exiger Perspectives

FEBRUARY 14, 2023

A critical part of any supply chain is an effective and efficient supply chain risk management (SCRM) program. Stone , Vice President of Supply Chain Risk Management at Exiger Government Solutions. “And that’s really what supply chain risk management is: holistic informed decision making.”

Supply Chain Risk Management 52

Supply Chain Risk Management Supply Chain Design Software Risk Management Supply Chain Software 52

RFgen

FEBRUARY 15, 2023

Risk management: Identifying and mitigating risks in the continuous flow of goods and services. Improved risk management to mitigate potential disruptions before they halt the flow the goods and services. Therefore, managing risk is always top-of-mind.

Vendor Strategies 52

Vendor Strategies Inventory Reduction Cost Reduction Strategies Waste Reduction 52

HICX Solutions

JANUARY 27, 2023

This can be time-consuming, so utilizing supplier management software helps provide a holistic overview of each area. Identify & mitigate risks Supplier risk management protects organizations should there be a breach of contract, poor quality of products, late delivery issues, etc.

Vendor Strategies 52

Vendor Strategies Optimal Sourcing Sourcing Strategies Procurement Solutions 52

DynaSys

APRIL 14, 2021

Technology, government regulations, geo-political factors and changing consumer preferences are complicating not only the supply chain but the very basic functions of every manufacturing business. First, if an overall supply chain risk management process is not in place that needs to be designed and implemented as quickly as possible.

Supply Chain Planning Software 52

Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Design Software Supply Chain Software 52

Exiger Perspectives

MARCH 30, 2023

Issues with Many SCRM Programs Supply chain management and supply chain risk management (SCRM) have become a greater priority for businesses and government organizations in the last five years, according to Gartner. We refer to this as the TRADES framework.

Supply Chain Design Software 52

Supply Chain Design Software Supply Chain Risk Management Supply Chain Software Supply Chain Network Software 52

NC State SCRC

DECEMBER 8, 2019

This included: Developing playbooks and contingency plans to address your most pressing risks. Evaluate structural changes in your supply base that could reduce risk exposure. Go digital: Explore the potential of dedicated supply chain risk management solutions. and will operate more efficiently.

Supply Chain Design Software 52

Supply Chain Design Software Supply Chain Software Supply Chain Planning Software Supply Chain Design 52

Kinaxis

AUGUST 29, 2014

Supply Chain Insights recently published a Metrics That Matter report covering both the Semiconductor and Hard Disk Drive (HDD) industries. Semiconductor is poised to consolidate, which will have huge impact on the metrics. Consider that the Chinese and India governments are investing in the semiconductor industry.

Metrics 171

Metrics Supply Chain Planning Software Manufacturing Procurement Thailand 171

Elementum

FEBRUARY 7, 2024

Inventory Management: AI and ML bring precision to inventory control, automating reorder processes and warehouse organization, ensuring optimal stock levels and reducing waste. The development of digital governance frameworks helps enterprises stay within the legal boundaries while striving for operational excellence.

Optimal Sourcing 78

Optimal Sourcing Optimization Software Modeling Prescriptive Analytics Software 78

SYSPRO Smarter ERP

JANUARY 23, 2023

Sustainability has come onto the agenda of many businesses, with environmental, social, and governance (ESG) goals becoming major considerations. Increasingly, investors and lenders use ESG reports to assess a firm’s risk exposure and determine their possible future financial performance. 5 ways that ERP plays a role in ESG?

Waste Reduction 111

Waste Reduction Report Optimal Sourcing Price Reduction 111

ivalua

AUGUST 1, 2022

An effective SRM framework provides a set of principles, processes, and tools to establish a governance structure and manage ongoing operations during the lifecycle of a supplier. . SRM Governance : Formal governance structure and roles clarify supplier interactions and internal collaboration. The main takeaway?

Supplier Management 130

Supplier Management Sourcing Strategies Procurement Solutions Optimal Sourcing 130

ThroughPut

DECEMBER 6, 2023

Managing Supplier Performance and Reducing Risks Predictive analytics can also help businesses manage supplier performance and reduce risks. Analytics uses performance metrics to identify potential bottlenecks, delays, or quality issues. However, that’s an effort you can’t bypass.

Predictive Analytics 52

Predictive Analytics Prescriptive Analytics Software Analytics Software Predictive Analytics Software 52