Is Single Sourcing, or Sole Sourcing, Dead?

Supply Chain Game Changer

In many cases the use of single sourcing, or sole sourcing, Procurement strategies has limited the ability for Supply Chains to access alternate sources of supply and more rapidly support higher than normal demand levels. What is Single Sourcing or Sole Sourcing?

GovShop a new way to buy for government supply managers

NC State SCRC

For many years, government contract officers working at the local, state, and federal level, relied on a variety of different networks to search for qualified suppliers. A new product offering by the Pubic Spend Forum provides government buyers with a new, free tool to conduct market intelligence. This offering provides a comprehensive set of tools for buyers to research, competitively source, and award business to the best suppliers that can meet any specific need.

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Needed: A National Governance Framework for Healthcare Supply Chains

NC State SCRC

We have started to put together ideas on what a national governance framework would look like, which would begin by establishing a standing governance model for national disasters. Criteria for setting the governance process in motion – what triggers it?

Responsible Sourcing! Making Sustainability Happen for Real!

Supply Chain Game Changer

Sustainability is created at the source of our products, services, and consumption. Sustainability is created from Responsible Sourcing. How can you make Responsible Sourcing a Reality? in this case, responsible sourcing. Source Smarter. Source: Purina.

Strategic sourcing enters a new age. Are you keeping up? (Part 2)

ivalua

In last week’s blog , I began discussing telltale signs that you have entered the new age of strategic sourcing. Improving costs remains a core competency for any sourcing organization. Strategic Sourcing Requires Collaborative Working Arrangements with Key Suppliers.

From Hurricanes to Overthrown Governments to Potholes: Transportation and Supply Chain Resilience

Talking Logistics

A TMS enables the collection of data from your supply chain through integration with data sources and interfaces that are available to your partners. The post From Hurricanes to Overthrown Governments to Potholes: Transportation and Supply Chain Resilience appeared first on Talking Logistics with Adrian Gonzalez. When referring to supply chain resilience, the causes of disruption vary widely in scale and emphasize the unpredictability and severity of the events.

Outsourcing Sourcing! 5 Lessons from Around the Globe!

Supply Chain Game Changer

Doing business with suppliers located overseas or in another country can be an overwhelming and daunting task even for expert Sourcing professionals. But beyond that he had no idea on where to start to source his product. Governance/Communication. The post Outsourcing Sourcing!

How COVID – 19 Might Shape the Future of China Sourcing and Manufacture

Logistics Bureau

COVID-19 and the Future of China Sourcing and Manufacture. Unstable government. Government investing in education and infrastructure. Covid 19 Global Sourcing

A Tale of Two Procurement Books: Cox’s Sourcing Portfolio Analysis (Cox) & Strategic Sourcing in the New Economy (Keith et al.)

Supply Chain View from the Field

Andrew Cox’s new book “Sourcing Portfolio Analysis” represents the more traditional “power-based” view of procurement. The book relies on a series of prescriptive two by two matrices, that are further segmented into eight by eight matrices, that establish different typologies for supplier segmentation, The application of these frameworks to the universe of buyer-seller relationships I proposed (ostensibly) to lead to improved sourcing outcomes…for the buyer!

Will the IoT Revolution Force Government to Embrace Silo-Busting?

TMC

Will the IoT Revolution Force Government to Embrace Silo-Busting? The Internet of Things (IoT) is triggering changes that cross corporate silos and force companies to look holistically at their end-to-end supply chain practices—can governments do the same?

Energy efficiency: Are fossil fuels or renewables the more reliable source?

USC Consulting Group

By just about every measure, natural resources such as these are significantly more efficient than legacy sources like coal, natural gas and oil. “Which energy source gets you the most power delivery for your investment dollar?

Why You Need a Data Governance Framework

HICX Solutions

Data governance, as you might have guessed, is the governance of data. However, while data governance as a concept is fairly easy to define, it’s not quite as simple as it sounds when you really start to look into it. ” (Source: DATAVERSITY ).

Blockchain for Responsible Sourcing – Where Does It Fit?

SupplyShift

Does the vast potential of this promising technology mean that companies of all sizes and stages should be rebuilding their responsible sourcing systems from the ground up to include it? Walmart launched a pilot program with IBM to record sourcing and supply chain data on the blockchain.

Data Governance is real success story in analytics.

NC State SCRC

I recently published a white paper with Balaji Soundararajan and Joe Yacura, focused on the topic of data governance. The nature of these mechanisms is reliant upon continuous availability and utilization of data from multiple sources. A basic assumption of all “Big Data” initiatives is that there are reliable sources of high quality, relevant, complete and accurate sources of data that support decision making. Data Governance” Institute).

Five Things I Have Learned About Global Supply Chain Planning

Supply Chain Shaman

The third issue is the lack of understanding that global processes–to maximize the economies of scale in transportation and material buying–need strong governance. The bad news is there was no well-defined governance and cadence of the business process.

S&OP: Can You Make Decisions at the Speed of Business?

Supply Chain Shaman

For most –hamstrung by silo-based strategies for source, make and deliver–there is no clear definition of supply chain strategy. I will be sharing this data from 150 respondents sourced from my Linkedin 307,000 followers over the course of the next couple of weeks. Yawn.

S&OP 254

Developing an Analytics Strategy Starts with Data Governance and Business Intelligence

NC State SCRC

An important differentiation between data governance, business intelligence, business analytics cognitive analytics and predictive analytics is needed as a basis for building a digital supply chain strategy. Data Governance” is the exercise of authority and control (planning, monitoring, and enforcement) over the management of data assets. [1] A data governance program can provide many benefits, including, Increasing the value of your existing data by identifying ways to utilize it.

A Guide to Responsible Sourcing in Automotive, Electronics

Material Handling & Logistics

A new report assesses the importance of 37 materials to these industries and evaluates environmental, social and governance risks.

8 Master Data Governance Best Practices for Better Customer Engagement & ROI

Vinculum

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.

Supplier Management and Sourcing in the Fashion Industry – Under the Spotlight

Jaggaer

More than virtually any other sector, sourcing and supplier management in the fashion industry have been exposed to intense scrutiny in recent years, while the functions have become of increasingly strategic importance to business success.

Visibility: If Only I Could See

Supply Chain Shaman

These sources while functional are difficult to connect. There are no solutions that connect source, make and deliver in many-to-many architectures. The use of disparate data sources enriches insights. Open source analytics offers great promise for visibility projects.

Top 6 Reasons to Automate Source to Pay for Oil, Gas and Energy

ivalua

Companies will face a variety of short and long-term challenges, such as balancing the effects of downward prices, output cuts, movement of demand to alternative energy sources, heavy capital investment for new capacity, complex government regulations and rising operating costs.

Key Findings of the 3rd Annual Supply Chain Data Quality and Data Governance Study

ivalua

Data quality and governance therefore hold two-fold importance in this new digital supply chain world: The quality of the data driving analytics and business decision making determines the ultimate applicability and success of those decisions. State University has conducted a Supply Chain Data Quality and Data Governance Study. Key finding #3: Governance is a High Priority. Companies can expect the emphasis on (and measurement of) governance to increase in the year ahead.

Best Practice: Creating a Governance Mechanism for Analytical Learning in Organizations

NC State SCRC

An important governance mechanism that drives analytical process is the Supply Chain Director’s Council, whose mandate is to focus on the availability and ability of the supply chain to deliver parts and core finished goods to customers. Because of the long lead-times associated with the manufacturing infrastructure required to source and produce semiconductors, the Director’s Council espouses a long-term vision and tactical planning scenario.

Trends in Carbon Pricing and Costs: Corporate Readiness Is Outpacing Governments As COP21 Approaches

EcoVadis

As of last May, there were 39 countries and 23 regional governments that either had carbon pricing mechanisms in place or scheduled for the coming years. The World Bank calculated that these 62 governments were putting a price on 6 gigatons ( that’s 6,000,000,000,000 kilograms! )

Is the FAR getting in the way of Early Supplier Involvement in defense projects?

NC State SCRC

defense firms tend to follow a traditional “white box” sourcing approach, as shown in this figure. Much of the sourcing behavior involved in standard defense industry practices is tied to establishing “price reasonableness” in accordance with FAR 15.403 (FAR, 2005).

Ivalua Public Procurement & Acquisitions Summit to Showcase Innovations & Government Success Stories

ivalua

Governments and agencies at all levels are facing tremendous pressure to maintain or improve services in the face of budgetary pressures, yet face unique constraints when it comes to purchasing,” said Dan Amzallag , CEO of Ivalua Inc. The post Ivalua Public Procurement & Acquisitions Summit to Showcase Innovations & Government Success Stories appeared first on Ivalua

C5’s 9th Advanced Forum on Customs Compliance

Supply Chain Movement

This event will bring together senior government officials from HMRC as well as seasoned customs and international trade specialists from a wide range of industries, to provide the latest information on changes to customs regulations and proven strategies for complying to these changes with minimal impact on daily operations and overall costs to business. Strategic sourcing through duty relief programme and trade agreements. 9th Advanced Forum on Customs Compliance.

Strategic National Stockpiles and Sourcing for the National Interest!

Supply Chain Game Changer

Trump’s action with 3M raises questions for any country about what their Strategic Stockpiles should be and whether future sourcing decisions and actions should be based on parochial nationalistic needs or magnanimous global needs. Sourcing mapping for existing and potential suppliers.

Spend Analytics in the Federal Acquisition Sector

Supply Chain View from the Field

Acquisition in the federal government has been identified as a major source of potential savings in the future, as in the private sector, but a recent set of workshops and interviews identified some major challenges that exist. In May 2013, the Digital Accountability and Transparency Act was unveiled by the House Oversight and Government Reform Committee. Emerging Issues in Supply Chain Government Acquisition Strategic Sourcing Supply chain analytics

How the Pandemic Has Cast a Spotlight Emphasizing Contingency Planning

USC Consulting Group

economy went from being healthy to being forecasted to enter a recession, as over 25 million Americans have filed for unemployment benefits and over 700,000 jobs were lost in March , according to government data. The same can be said for those who use dual sourcing strategies.

Coronavirus Supply Chain Response: Near-Term Actions to Take Today

Jaggaer

In March, Chinese suppliers were quick to seek force majeure certificates, and the Chinese government was quick to grant them. Consider Your Sourcing Options. It’s vital to quickly establish an alternative source of supply before something goes wrong. .

Sustainable timber sourcing and due diligence

ChainPoint

The European Union Timber Regulation, or the EUTR, is part of the Forest Law Enforcement Governance and Trade (FLEGT) Action Plan of the EU. By banning the sale of illicitly sourced timber and timber products on the EU market, the EUTR is an important pillar of the EU in the fight against illegal logging. It assigns responsibility regarding global legal sourcing of timber to the European market participants

How Many Slaves Are in Your Supply Chain?

Talking Logistics

Coincidentally, at the Ariba LIVE 2013 conference yesterday, I attended a presentation by Justin Dillon, Founder and CEO of Made in a Free World , a nonprofit group that is “building a coalition of consumers, businesses, and governments to disrupt the system of slavery.”

How AutoNation Developed A ‘Single Source Of Truth’ For Its Supplier Data

HICX Solutions

Single source of truth for suppliers. More strategically, the integration – coupled with master data governance – means AutoNation now has a single source of truth on suppliers that feeds all ERP systems through an automated process, ensuring consistency in the data. This helped drive effective governance and better control. ” You can read more about how AutoNation benefitted from building a single source of truth for its supplier data in this case study.