SCMDOJO

JULY 3, 2023

In today’s fast-paced and competitive business landscape, organizations across industries are realizing the immense value of effective procurement practices. Procurement professionals play a vital role in driving operational efficiency, cost savings, and strategic decision-making. But how do you get started? Do not worry!

Purchasing Training 98

Purchasing Training Negotiating Skills Buyer Training Manufacturing Procurement 98

Supply Chain Shaman

OCTOBER 13, 2022

I brace myself for a late flight for a 2:00 AM arrival as the clock ticks-an echo of time lost. The larger the organizational alignment issues, the longer the decision-making time. The larger the organization, the more tension with conflicting functional metrics making decisions more difficult. The reason?

Supply Chain Planning Software 221

Supply Chain Planning Software Modeling Supply and Demand Supply Chain Software 221

Supply Chain Shaman

DECEMBER 28, 2020

We had just recovered from a recession, and my goal was to help supply chain leaders create a better supply chain by the end of the decade. At that time, Supply Chain 2020 seemed so far away. Only four percent of companies compared to their peer groups improved balance sheet performance of growth, operating margin, and inventory turns.

Supply Chain Planning Software 418

Supply Chain Planning Software Forecasting Forecasting Software Modeling 418

Supply Chain Shaman

SEPTEMBER 3, 2018

Second, they adapt over time as market structures and strategies evolve. We consistently see that companies focused on functional excellence–a focus within a functional silo like manufacturing, transportation or distribution– or singular metrics– like inventory or costs– underperform against their peer groups.

Supply Chain Planning Software 329

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 329

Precoro

MAY 22, 2023

This process, known as IT procurement, requires comprehensive steps with clear objectives and vendor selection criteria to ensure that technology investments align with business goals and yield a return on investment (ROI). This article encompasses the best practices for planning and executing successful IT procurement strategies.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Pricing Training Purchasing Skills 52

Logility

AUGUST 25, 2020

Every company today runs on data – the key to using your data is choosing the right metrics for visibility into your supply chain. While Key Performance Indicators (KPIs) may be reviewed quarterly or monthly, the speed with which supply chain operations occur makes a daily view of more tactical and operational metrics a growing necessity.

Supply Chain Planning Software 173

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 173

Supply Chain Shaman

FEBRUARY 14, 2022

I wrote many reports on airport floors in those days–electrical plugs were just too scarce.) (I wrote many reports on airport floors in those days–electrical plugs were just too scarce.) At the time, I was fascinated how the most mature teams bucked the system. Sales and Operations Maturity Model from 2005-2008.

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

EC Sourcing Group

FEBRUARY 16, 2021

How to Streamline Contracts and Procurement (During the COVID-19 Pandemic). Streamlining contracts and procurement even before the COVID-19 pandemic may have been difficult. First and foremost, having the right procurement software solutions in play can always keep everyone on the same page in that respect.

Optimal Sourcing 52

Optimal Sourcing Procurement Sourcing Strategies EC Sourcing 52

The Logistics & Supply Chain Management Society

SEPTEMBER 14, 2021

From just being environmentally friendly, it has become a holistic framework that encompasses the environment, social and corporate governance. As part of the CMA CGM Group, CEVA Logistics has a global reach, which means that we can make a global difference. Photo Credit: Changi Airport Group. Photo Credit: L’Oréal.

Supply Chain Planning Software 242

Supply Chain Planning Software Resource Reduction Global Supply Chain Software 242

Supply Chain View from the Field

NOVEMBER 10, 2014

In addition to the procurement executives, I also got to meet Captain Dick Phillips, the captain of note in the film “Captain Phillips” We had a chance to talk about his experience, and he also presented to the group about the incredible experience he went through. Does procurement add to top line revenue.

Manufacturing Procurement 124

Manufacturing Procurement Procurement Conference North America 124

EcoVadis

MAY 31, 2018

Read on for more details about EcoVadis ratings in this interview (first published on the ING Wholesale Banking site): Rating Sustainability Performance: An Essential Business Metric. As a quantitative measure, CFOs can use a rating to see how investments improve performance over time (e.g. Why else might a company seek a rating?

Procurement Analytics 68

Procurement Analytics Metrics Sustainability Optimal Sourcing 68

NC State SCRC

JULY 14, 2024

This has resulted in increased activity for firms that monitor supply chain riskssuch as Resilinc , Risk Metrics , and Everstream Analytics. This problem is also related to the fact that too often, supply chain risk remains a procurement problem, when in fact it is a business problem ! We had a total of about 60 people in the end.

Supply Chain Planning Software 59

Supply Chain Planning Software Supply Chain Software Optimal Sourcing Pharmaceutical 59

Logistics Viewpoints

MAY 19, 2022

A plan is a point in time, so any solution must be paired with agility to adjust when the inevitable changes occur. Optimization has often been applied too narrowly, because as AI and supply chain expert Professor Nada Sanders articulates , analytical techniques applied to just one node only create highly-efficient silos.

Optimal Sourcing 256

Optimal Sourcing Modeling Supply Chain Optimization Optimization Software 256

Supply Chain Shaman

DECEMBER 29, 2016

New Year’s Eve is a time for parties. ” In this team activity people who do not know each other list four statements and ask the group to guess which statement is false. ” In this team activity people who do not know each other list four statements and ask the group to guess which statement is false.

Inventory Reduction 0

Inventory Reduction Supply Chain Planning Software Forecasting Gartner 0

Silvon Software

APRIL 23, 2019

Companies that focus on strategic sourcing can generate substantial economic value not just by eliminating waste, reducing costs and improving administrative efficiency, but also by building stronger supplier relationships that can make them more competitive, profitable and nimble. These metrics are noted in the following sections below.

Purchasing Skills 90

Purchasing Skills Manufacturing Procurement Procurement Analytics Procurement Solutions 90

GlobalTranz

NOVEMBER 19, 2018

Imagine you’re an executive of a large international business who has just discovered an excellent opportunity of entering a new exciting market just in time when your product design team has developed a perfect product for that market. Also, the local government’s regulations are a bit strict regarding your local footprint.

Supply Chain Risk Management 189

Supply Chain Risk Management Risk Management Supply Chain Design Supply Chain Planning 189

ivalua

JUNE 29, 2020

While it is a difficult time, you have to also applaud the heroic efforts of this industry as a whole. Unfortunately, it just got worse. The healthcare provider world is facing tremendous strain as a result of the pandemic. I have some real context of this, living in NYC and having a family member that works at a hospital.

Supply Chain Planning Software 219

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Optimal Sourcing 219

Supply Chain Game Changer

MAY 12, 2021

Featuring Our 12 Best Procurement Articles! You put time, energy, focus, and emotion into a negotiation, so naturally, you want to come out feeling as if you’ve done a good job, get a good price, or ‘won’. Language like ‘supplier shall’ and pre-defined performance/penalty metrics are classic terms within buyer-supplier agreements.

Negotiating Skills 69

Negotiating Skills Negotiate Pricing Buyer Training Expense Reduction 69

Supply Chain Matters

OCTOBER 12, 2022

contraction threshold which is noted as the first time this has occurred since the depths of the global pandemic in 2020. contraction threshold which is noted as the first time this has occurred since the depths of the global pandemic in 2020. Report authors indicated that the September decline was quite broad-based.

Inventory Reduction 59

Inventory Reduction Cost Reduction Strategies Warehousing Price Reduction 59

Supply Chain Shaman

NOVEMBER 9, 2014

I find that many times companies have the wrong name, or a misnomer, for what they are trying to achieve. It was my first time working with this group. As I sat in the back of the room, shifting in my chair, waiting for my time to speak, I watched speaker after speaker endorse the concept of one team. The group laughed.

Manufacturing Procurement 287

Manufacturing Procurement Optimal Sourcing Benchmarking Supply Chain Design Software 287

Proxima

JANUARY 5, 2021

Today’s supply chain and procurement leaders are facing a monumental task: how to create a resilient, ambitious, and innovative organizations while transitioning to a new year, and balancing the lasting impact that this pandemic has brought upon them. Put those metrics into motion to make improvements based on solid knowledge.

Expense Reduction 52

Expense Reduction Price Reduction Modeling Optimal Sourcing 52

Precoro

OCTOBER 15, 2024

10 Featuring: Rajen Satish Shah — Finance Manager About the Company I&M Bank is the flagship entity of I&M Group PLC (I&M Group), a public company listed at the Nairobi Securities Exchange. Once a PO was raised by the procurement department, a signed hard copy was dispatched to the supplier.

Procurement Solutions 59

Procurement Solutions Procurement Analytics Optimal Sourcing Procurement 59

ThroughPut

MAY 3, 2024

It’s no longer just about getting goods from A to B; it’s become a vital piece of the supply chain puzzle. 77% of the world’s largest ports are still facing backlogs, and that doesn’t just affect your logistics efficiency and costs, it impacts your entire supply chain and business. We’ve all been witness to this!

Procurement Solutions 52

Procurement Solutions Logistics Network Optimization Software Supply Chain Planning Software Prescriptive Analytics Software 52

SupplyShift

JUNE 2, 2021

The recent uptick of sustainability bonds from global companies like Wells Fargo, Bank of America, and most recently Amazon sends a strong market signal that focus on corporate Environmental, Social, and Governance (ESG) is no longer just a trend – it’s the new business imperative. At the same time, pressure from NGOs was on the rise.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Modeling Supply Chain Planning 52

ShipBob

NOVEMBER 24, 2023

It’s a strategy that categorizes inventory based on factors like demand patterns, lead time, value, and more. It’s a strategy that categorizes inventory based on factors like demand patterns, lead time, value, and more. Treating all stock the same can quickly lead to costly inefficiencies like overstocks and stockouts.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Sourcing Strategies Inventory Management Software 52

Supply Chain Insights

JULY 27, 2017

In groups of 5, each team member is given a different role: Finance, Sales, Marketing, Production, and Procurement. In groups of 5, each team member is given a different role: Finance, Sales, Marketing, Production, and Procurement. the importance of making decisions based on a strategy.

Inventory Reduction 77

Inventory Reduction Material Savings Cost Reduction Strategies Resource Reduction 77

NC State SCRC

MARCH 16, 2017

I had the opportunity to sit in on a number of sessions at Procurement Leaders American Congress 2017 in Miami this week. PL’s research shows that for procurement, cost savings is still the main issue that executives focus on. year over year savings – and 25% are reporting revenue metrics – but 97% stick to cost savings.

Optimal Sourcing 40

Optimal Sourcing Innovation Procurement Supply Chain Design Software 40

Unleashed

JANUARY 24, 2022

The three broad approaches employed to achieve this are internal, third-party and hybrid: Internal MRO inventory management uses in-house costing analysis, just-in-time inventory methods, and other inventory control techniques. MRO inventory also includes wearable goods like uniforms and protective gear.

Inventory Reduction 98

Inventory Reduction Inventory Management Software Procurement Solutions Supply Chain Software 98

BlueYonder

SEPTEMBER 4, 2020

With the global adoption of the United Nations 2030 Agenda and Sustainable Development Goals , as well as the impact of consumers looking to brands to lead social and environmental change, being committed to diversity and inclusion is more than just a box to check for businesses. times more likely to be innovation leaders in their market. [v]

Supply Chain Planning Software 62

Supply Chain Planning Software Supply Chain Software Supply Chain Network Software Resource Reduction 62

ivalua

AUGUST 14, 2019

Much has been made in 2019 about the gap between the findings of procurement self-assessments and where each organization stands when they are evaluated against their peers using objective measures. Spend under management has been effectively flat since 2012, with procurement organizations averaging 63.2% savings realized in 2018.

Metrics 168

Metrics Procurement Benchmarking Just-in-Time 168

Precoro

OCTOBER 10, 2022

In today's competitive market, where it's not all about cost savings, tracking procurement performance and aligning it with business goals and objectives is a must-have. So how do you measure the effectiveness of procurement operations within your organization? What Are Procurement KPIs, and Why Use Them?

Procurement Analytics 52

Procurement Analytics Optimal Sourcing Manufacturing Procurement Procurement Solutions 52

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

Supply Chain Matters

MAY 23, 2022

This index complies 27 different variables to include transportation movement and costs, global PMI sub-indexes reflecting delivery times and order backlog. The authors point to the delivery time disruptions occurring in China , an increase in air freight costs from the U.S. after reaching an all-time high of 76.2

Supply Chain Optimization 59

Supply Chain Optimization Supply Chain Planning Software Supply Chain Software Supply Chain Strategy 59

SupplyShift

JULY 6, 2021

Unfortunately, while the C-suite might be engaged on DEI overall, they do not show strong support for supplier diversity – just 10% of COOs and 18% of CEOs and boards of directors show support for supplier diversity programs. But only a handful of businesses are looking at the supply chain as another opportunity to advance diversity.

Supply Chain Software 52

Supply Chain Software Agile and Lean Supply Chain Supply Chain Optimal Sourcing 52

Proxima

DECEMBER 10, 2020

In a recent article, The Financial Times identified changes to bonus plans as adding non-financial metrics to bonus qualifications and excluding months of poor profits increased during the worst of the pandemic. It wasn’t just bonuses. That’s where strategic procurement should come in.

Expense Reduction 52

Expense Reduction Cost Reduction Strategies Price Reduction Negotiating Skills 52

Supply Chain Matters

JANUARY 24, 2024

SAP CEO Christien Klein noted in the company’s reporting that: “ SAP has delivered: We met or exceeded our outlook for 2023 in all key metrics.” Free cash flow for the full year was reportedly up 16 percent to just over €5 billion, exceeding a revised outlook. Cloud gross margin at the end of 2023 was reported as 72.8 billion to €7.9

SAP 52

SAP Report Supply Chain Planning Software Predictive Analytics Software 52

Requis

NOVEMBER 11, 2019

Still others have invested in expensive enterprise resource planning systems, only to abandon them because they just don’t map to the natural workflows of procurement, asset management, and disposition. As a discipline, supply chain is just starting on the digitization journey. It’s easy to see why. The Imperative.

Supply Chain Design Software 40

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Inventory Reduction 40