ivalua

APRIL 13, 2021

In part 1 of this blog I looked at how procurement can actually create new revenue opportunities. Here I’ll take a look at two other ways that procurement can help support growth. Unlocking Supplier-Led Innovation. The post 3 Ways Procurement Can Help Grow Revenues (Part 2) appeared first on Ivalua.

Procurement Solutions 130

Procurement Solutions Procurement Sourcing Strategies Resource Reduction 130

Procurement Academy

OCTOBER 19, 2023

A crucial part of successful procurement strategies is the art and science of negotiation. Procurement negotiation refers to a buyer (usually from a company) and a seller (usually from a supplier) working together and discussing the likes of pricing, terms, conditions, and other aspects of a procurement contract.

Negotiating Skills 52

Negotiating Skills Pricing Training Negotiate Pricing Purchasing Training 52

ivalua

SEPTEMBER 8, 2022

The job of procurement is to ensure performance is as promised, risk is low and business objectives are being met through collaboration. Suppliers are a source of growth, innovation and efficiency, but if they are not managed holistically, they can be a source of risk, poor performance and noncompliance.

Manufacturing Procurement 130

Manufacturing Procurement Supply Chain Planning Software Optimal Sourcing Global 130

Supply Chain Game Changer

NOVEMBER 28, 2018

The complexity of global supply chains – especially in organizations like GM – require hands-on relationship management of suppliers to ensure that supplier collaboration will lead to added value, and innovation. Resources spent/gains made on the road to innovation are, therefore, sustained exclusively by the internal entity.

Innovation 59

Innovation Procurement Analytics Resource Reduction Procurement Solutions 59

Precoro

MARCH 30, 2022

Strategic Procurement Helps a Business Unleash its Potential. As The Hackett Group discovered, approaching procurement strategically with specific business goals in mind helps achieve a significantly higher ROI. Operational efficiency and cost reduction are among the top procurement priorities for CPOs, according to Deloitte.

Vendor Strategies 52

Vendor Strategies Sourcing Strategies Cost Reduction Strategies Price Reduction 52

Eyvo

DECEMBER 1, 2020

What awaits the procurement industry in 2021? There is a famous quote by Buddha which says, “No matter how hard the past is, you can always begin again.” It goes without saying that procurement will have a different and more refined approach in the coming year. Countries have studied this pandemic and learned how to combat it.

Optimal Sourcing 75

Optimal Sourcing Procurement Trends Supply Chain Software 75

SCMDOJO

SEPTEMBER 18, 2023

Whether you’re a seasoned procurement professional or just stepping into the world of sourcing and acquisitions, understanding the nuances of procurement synonyms can make all the difference. So, get ready to elevate your communication skills and gain a deeper understanding of the procurement domain.

Negotiating Skills 97

Negotiating Skills Manufacturing Procurement Optimal Sourcing Pricing Training 97

Supply Chain Game Changer

FEBRUARY 23, 2022

Featuring Our 12 Best Procurement Articles! Procurement is a process that involves obtaining and accepting terms and getting goods or services from an outside source. In other words, procurement is deciding to buy under conditions of less availability. Here are some of the challenges encountered in the procurement process.

Manufacturing Procurement 90

Manufacturing Procurement Procurement Solutions Procurement Purchasing Skills 90

Supply Chain Shaman

APRIL 19, 2024

Shipment data is the most important, but we have not figured out how to best move logistics network data across trading partners. Most of the network investment is in passing procurement transactional data. Many of the existing networks — GXS, E2Open, Elemica, and Exostar–suffered from PE investment that stalled innovation.

Supply Chain Network Software 275

Supply Chain Network Software Resource Reduction Cost Reduction Strategies Manufacturing Procurement 275

ivalua

NOVEMBER 26, 2019

In my previous posts, I looked at how to successfully launch a digital transformation and progress to best-in-class Procurement. This is where helping organizations innovate, ensuring business agility and even growing revenue comes into play. But it should be your ultimate goal so set it and plan how to achieve it.

Optimal Sourcing 130

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 130

HICX Solutions

JUNE 10, 2022

A new era for Procurement. Recent disruptive events have been forcing Procurement to become more agile and resilient. Procurement practitioners agree that these demands will have to be supported by digital solutions. I think that opens up an opportunity for businesses, and smaller players, to fulfill certain specific needs.

Sourcing Strategies 52

Sourcing Strategies Vendor Strategies Resource Reduction Price Reduction 52

ToolsGroup

OCTOBER 20, 2015

Last month, Lennox Residential was runner-up in the 2015 Council of Supply Chain Management Professionals (CSCMP) Supply Chain Innovation competition, arguably the top supply chain award in North America. The increased size and complexity of the Lennox supply chain mandated major innovations in planning. Innovative Technology.

Supply Chain Planning Software 120

Supply Chain Planning Software Inventory Reduction Optimal Sourcing Supply Chain Software 120

Taulia

JANUARY 19, 2021

In the last 12 months, procurement teams have evolved rapidly while adapting to the new landscape. Managing supply chain risk The COVID-19 crisis has made it clear how vulnerable supply chains can be if events take an unexpected turn, potentially leaving companies unable to source the goods and materials they need to do business.

Procurement 52

Procurement Supply Chain Planning Software How To Supply Chain Software 52

ivalua

DECEMBER 14, 2020

In a recent webinar, “ How to Leverage S2P Platforms to Enable Supply Chain Resilience ,” procurement experts from Forrester, Ivalua and Procurement Leaders discussed how digital transformation and the technologies that enable it can help companies mitigate risk and be more agile and resilient.

Procurement Solutions 130

Procurement Solutions Optimal Sourcing Manufacturing Procurement Optimization Software 130

Procurement Academy

FEBRUARY 6, 2024

Often it involves attempting to streamline the procurement process and minimise waste within the supply chain. Not only is this an important aspect of operating as an ethical and sustainable business, but developing a diverse range of suppliers also exposes your company to innovation you might otherwise have missed.

Negotiating Skills 59

Negotiating Skills Vendor Strategies Material Savings Cost Reduction Strategies 59

NC State SCRC

FEBRUARY 13, 2023

I am working on a new book focused on the sales and procurement relationship in supply chains with my friend Howard Richman, who has a wealth of experience working for companies like Merck, Citrix, and others. Quality/Safety – How is quality defined? What are the key safety performance issues that are unique to this situation?

Optimal Sourcing 83

Optimal Sourcing Procurement Price Reduction Cost Reduction Strategies 83

EC Sourcing Group

NOVEMBER 8, 2022

??Meeting the Demand in Sourcing and Procurement. In recent years, considerable efforts have been made to simplify and streamline sourcing, procurement, and overall supply chains to meet demand more effectively. Sourcing and Procurement Optimization : Speed and Transparency. Supplier performance analysis.

Optimal Sourcing 52

Optimal Sourcing Demand Planning Software Sourcing Strategies Supply Chain Software 52

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

Supply Chain Game Changer

NOVEMBER 7, 2019

Technology is applied when needed as a ‘proposition’, typically implemented with an expected result in mind, but often creating an output of impact in an organization- that can too render as disruptive or innovative to the initial digital state of the organization. Digitization vs. Digitalization. Source: Deloitte CPO Survey 2018.

Manufacturing Procurement 55

Manufacturing Procurement Procurement Solutions Optimal Sourcing Procurement 55

Supply Chain Shaman

JANUARY 31, 2022

The Chief Financial Officer gained more presence with procurement and IT reporting to finance. A Decline in Innovation. Ironically, technology innovation is the highest that I have ever seen. The issue was that none of these ex-McKinnsey and Deloitte consultants knew how to model variability, feasibility, and constraints.

Procurement Analytics 217

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies 217

HICX Solutions

JULY 26, 2021

Procurement network and intelligence platform providers, Procurement Leaders, hosted a webinar featuring Supply Chain and Procurement experts, Dr. Elouise Epstein , Partner at Kearney , and Costas Xyloyiannis , CEO at HICX. Digital technologies drive path to strategic procurement. An exciting time for Procurement.

Supply Chain Planning Software 96

Supply Chain Planning Software Analytics Software Supply Chain Network Software Modeling Software 96

Unleashed

MARCH 9, 2021

What is procurement? In simple terms business procurement is the process of locating and acquiring goods and services from external sources for the business to use. Procurement activities include planning, sourcing, and negotiation, along with risk management, legal and value analysis. Procurement in 2021 and beyond.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104

HICX Solutions

JULY 4, 2022

Anyone who works in Procurement and Supply Chain will be aware of the level of change industries have been through in the past few years. The procurement function is no longer merely tactical but is becoming increasingly strategic. All of these factors have made Procurement and Supply Chain an incredibly exciting place to be.

Optimal Sourcing 52

Optimal Sourcing Procurement Solutions Procurement Charlotte 52

Supply Chain Shaman

FEBRUARY 7, 2022

The Chief Financial Officer gained more presence with procurement and IT reporting to finance. A Decline in Innovation. Ironically, technology innovation is the highest that I have ever seen. The issue was that none of these ex-McKinnsey and Deloitte consultants knew how to model variability, feasibility, and constraints.

Procurement Analytics 195

Procurement Analytics Manufacturing Procurement Sourcing Strategies Optimal Sourcing 195

OptiProERP

APRIL 9, 2024

Collaboration between production, procurement, and logistics teams is essential to optimize resource utilization and minimize lead times. Implement regular reviews and retrospectives to identify bottlenecks, implement corrective actions, and drive innovation. Production Planning Upon receiving an order, production planning kicks in.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Inventory Management Software 52

Supply Chain Shaman

FEBRUARY 28, 2021

As I look at the financials, I question what the value could be if we got serious about innovation through new forms of analytics. For a gal like me, innovation is painfully slow. Companies are hanging their hats on marketing buzzwords, not innovation. Procurement Operates On An Island. The reason? Broad Strokes.

Supply Chain Planning Software 359

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Analytics Software 359

Logistics Viewpoints

AUGUST 11, 2022

This may include decision-makers from IT, finance, operations, sales, and procurement. Define expectations, determine how the project will be funded, and agree on roles and responsibilities. How to Select a TMS Visibility Platform for Improved Speed, Quality, and Cost appeared first on Logistics Viewpoints.

Supply Chain Planning Software 232

Supply Chain Planning Software Forecasting Software Logistics Network Optimization Software Supply Chain Network Software 232

Arena Solutions

JUNE 6, 2023

In the session titled “ Embracing Agile Product Development, ” MIT Professor Steven Eppinger discussed how companies can successfully apply agile development techniques to physical products by making these three adjustments: Modifying the cadence of sprints (e.g.,

Supply Chain Design Software 84

Supply Chain Design Software Innovation Material Savings Demand Planning Software 84

HICX Solutions

SEPTEMBER 9, 2021

His expertise is wide-ranging, from supply chain logistics, procurement analytics, and marketing through to innovation. Similar to many thought leaders within procurement and supply chain space, Dave also started working in this area originally by chance. On how to fix this data quality issue, Dave cites governance.

Analytics Software 94

Analytics Software Optimal Sourcing Analytics Procurement 94

Supply Chain Game Changer

MARCH 28, 2020

The Procurement, or Purchasing, function is considered by many to be a necessary but non-strategic part of any organization. But there is a profoundly significant Procurement value chain. Procurement is strategic! Now is the time for Procurement to SELL! Could the CPO Be Replaced by the Chief Value Officer? ” Ouch!

Procurement Analytics 71

Procurement Analytics Procurement Solutions Pricing Training Negotiating Skills 71

NC State SCRC

MAY 30, 2022

The report was published in the last month, and reflects some of the increasing challenges and disparities that exist between procurement and supply chain executives. One of the problems that often emerges in organizations is not only misalignment between procurement and supply chain, but also between senior executives and their managers.

Supply Chain Execution 98

Supply Chain Execution Procurement Analytics Procurement Solutions Optimal Sourcing 98

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

Eyvo

SEPTEMBER 28, 2021

Managing procurement processes and supply chains can be strenuous for many organizations. Resilient supply chains and efficient eProcurement software are what make the recent trends in procurement complete. Resilient supply chains and efficient eProcurement software are what make the recent trends in procurement complete.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Analytics Software Supply Chain Software 52

ivalua

MARCH 21, 2022

After a 2-year hiatus, Ivalua is thrilled to invite procurement leaders, innovators, customers, and colleagues to Ivalua NOW Paris. . This year, we’re centering our event around the theme “Stronger Together” to celebrate the collective challenges we have overcome and how we can move forward with renewed priorities.

Vendor Strategies 130

Vendor Strategies Sourcing Strategies Procurement Africa 130

Proxima

JUNE 5, 2023

In the world of procurement and supply chain, this is an important moment to pivot our approach. However, there are obvious trade-offs in market reputation, innovation, and ability to serve customers – layoffs come with both a financial cost (severance) and an emotional cost (no employee enjoys seeing their colleague lose their job).

Negotiating Skills 52

Negotiating Skills Cost Reduction Strategies Purchasing Skills Procurement Solutions 52