Procurement and Suppliers on the Same Page: How to Craft an Effective Terms & Conditions Sales Document

Cerasis

Editor's Note: Today's blog is the second part of Chuck Intrieri's series on how procurement and suppliers can avoid issues with their contracts. In part two, Chuck focuses on how to draft your terms and conditions. Procurement and suppliers often assume that small print is highly complicated legal jargon that is both boring and largely irrelevant. Consider your use of websites, how often have you read the terms of use? How to Begin Your Terms.

How to Sustain a Lean Culture in Manufacturing & Supply Chain

Cerasis

Today I will discuss how a company can sustain a lean culture once they have implemented lean practices in order to achieve continuous improvement. Your company has started the lean journey, but how do you sustain it? Let's first talk about first setting the stage, then give you practical practices and tactics to achieve a sustainable lean culture, and then provide core key performance indicators (KPIs) to track your progress. Lean is a challenge to implement.

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Solving the Procurement Data Dilemma: How to use procurement data to avoid failure and fraud

HICX Solutions

As Peter explains about the link to Procurement, “It’s not surprising because that’s where money flows. He explains how, in some countries, “there are concerns that suppliers may be a front for organized crime, for instance. So it was impossible to track progress on that.

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How to Build a Digital Procurement Ecosystem in 8 Minutes!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. Article originally published by, and permission to publish here provided by, Sam Jenks at kodiakrating.com. If you’ve never been before and are a fan of art, architecture, and culture, I can highly recommend adding it to any future itineraries. Beyond the artwork, Fondation Louis Vuitton offers an experience to tour the multiple levels of decks that interweave themselves between the inside and the outside of the building’s structure.

How to Compare Metal Fabricators!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. Article written for Supply Chain Game Changer by, and permission to publish here provided by, Eada Hudes. Are you in a dilemma in deciding which company to choose for your next big project for steel equipment? There may be lots of options springing up as you open the Internet, and they are all pretty much impressive enough to confuse you. This may create confusion in your mind as to whether to choose them (or not!).

10 Key Logistics & Procurement Supply Chain Practices to Know and Master to Reduce Spend.

Cerasis

Getting the raw materials needed to maintain production is one of the most important parts of the whole supply chain. If raw materials are unavailable, all subsequent processes are affected, which may result in increased costs to consumers and the respective companies as well. However, following these 10 practices can help you learn how to reduce spend in the procurement supply chain. Consider Cyber Security Concerns in the Procurement Supply Chain.

How to Use Big Data Analytics to Drive Business Value in Procurement Forward (Part 1)

Jaggaer

JAGGAER InsideSpend Thought leadership Series – In this blog series, we profile leaders in the procurement industry. We hope their insights and experiences inspire you to achieve greatness in procurement. A conversation with Walter Charles, Chief Procurement Officer at Biogen. . Procurement Trends in Manufacturing. Q: What are the big trends in manufacturing? How are they impacting the procurement organization and proficiency?

7 types of manufacturing wastes and how to reduce them

Unleashed

Manufacturing waste is something business owners often overlook, yet left unchecked, it can cost a business a significant amount of money. This article explores the different types of manufacturing waste, and how to reduce them. What is manufacturing waste?

Experts Discuss How to Streamline Global Supply Chain

Supply Chain Opz

Companies of all sizes have been capturing the value from Global Supply Chain to increase the economies of scale and scope for years. Due to the rapid change in global business environment, managers find it difficult to gain the edge over competitors. In this article, we will show you tips from worldwide experts that you can use to streamline your global supply chain operations. Keep it Simple : It’s important to not over complicate things.

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WFH – How to be productive

Proxima

When you work for a consultancy you get used to working remotely. And it’s not just consultants, all across the world there are people working remotely everywhere from large corporates to gig economy workers. Most consultants reckon that online meetings are also twice as efficient, giving time back to work. So it’s not all bad news for everyone on the home working front, but it is different and it does take some adapting to. So how do you get around it?

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How to Reduce Fraud in Logistics

Shipchain

So many resources are wasted on trying to negate the issues, and although numerous risk analytics systems have been developed to try to improve the situation, nothing has proven foolproof. Blockchain technology may be the closest thing we have to a solution, and therefore, it has the potential to drastically change the industry as we know it. It could be financial abuse, theft, or illicit transactions such as bribery, just to name a few.

6 Challenges Facing Procurement and How to Address Them

SYSPRO Smarter ERP

Among the strategies that businesses are adopting during this time in order to keep costs in check and reduce the size of layoffs, is to focus on procurement to maintain ongoing supplies of materials and components, and to […].

How to Keep Your Small Business Supplied Through COVID-19

AFFLINK

Bleak, though it may seem, the fallout would be far worse if not for essential businesses that risked their safety to keep the midnight oil burning. To ensure that top-line growth is profitable, small business leaders will need to expand supplier relations and lower acquisition costs while protecting the health of their employees. Here’s how to stay safe and well-stocked through COVID-19: Mitigate Exposure to COVID-19.

Experts Suggest How to Slash Supply Chain Risk Properly

Supply Chain Opz

To tackle risks timely, we invite experts to explain what strategy really works. Christopher Tang, Distinguished Professor, UCLA Anderson School and Editor-in-Chief of the INFORMS journal Manufacturing and Service Operations Management (M&SOM) As supply chains become more complex, companies find their supply chains more vulnerable to both foreseeable uncertainty risks and unforeseeable disruption risks. Use dynamic pricing to manage demand of similar products.

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Sourcing and Procurement in Supply Chain Management

EC Sourcing Group

Sourcing and Procurement in Supply Chain Management. The terms “ sourcing” and “procurement” in supply chain management are often used interchangeably, although they are not quite the same. Procurement is a process and one link in the chain of the supply chain. Procurement is one step in that process. It refers to the entire process of sourcing and contracting with suppliers to gather all of the services and goods you need to make that final product.

3 Warning Signs of a Siloed Supply Chain – and How to Fix Them

ModusLink Corporation

Supply chains need to move even faster. How do you know if you’re stuck in a siloed system? Here are a few warning signs to look out for: You’re operating […]. The post 3 Warning Signs of a Siloed Supply Chain – and How to Fix Them appeared first on ModusLink Global Solutions. Simplified & Sustainable Supply Chain Logistics manufacturing supply chain support returns planning Distribution Siloed Supply Chain Procurement Delivery

6 Manufacturing Trends to Watch Out for in 2016

Cerasis

As we close the year of 2015, we want to take a look at some manufacturing trends for 2016. We look at 6 core areas that manufacturing companies will take a long look at as they gear up for a successful 2016. E-Commerce for Manufacturing. The Internet’s large-scale global penetration has spawned an increasingly large number of technology and web-savvy consumers, creating a huge opportunity for both industrial manufacturers and their end customers.

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How To Differentiate With A Supplier Relationship Management (SRM) Program!

Supply Chain Game Changer

Blog post originally published by Michael Massetti, Executive Partner at Gartner, and permission to publish here provided by Michael Massetti. Supplier relationship management is a process for developing and managing collaborative relationships with suppliers at all levels to achieve the required business objectives and overall supply chain strategy. The sourcing or procurement function will own the relationship and manage the overall process. Subscribe Here!

The COVID-19 outbreak: How to Realize Value From a Crisis?

DynaSys

The COVID-19 outbreak is a major disruption to the global economy. Others are dealing with shortages due to factories shutdowns. Supply chain resilience to unforeseen events is a core competence and a business differentiator. According to the legendary Chinese General Sun-Tzu: “In the midst of chaos, there is opportunity”. In others, these drops could correspond to a deferred demand. The post The COVID-19 outbreak: How to Realize Value From a Crisis?

Manufacturing and Supply Chain Challenges During a Pandemic

QAD

A pandemic can so easily shape the future for manufacturers and suppliers. In light of the COVID-19 outbreak, big changes are already happening, such as an increase in manufacturing automation and a reduced need for assembly line workers. Manufacturers are under a significant amount of pressure, and many have stepped up to produce essential products like hand sanitizer , protective face shields , respirators and ventilators.

Supply Chain Innovation: How to Build an Award-Winning Supply Chain

ToolsGroup

What does it take to create an award-winning supply chain? The two companies’ shared similarities—bold initiatives, transformative supply chain changes, big results and innovative technology—help answer the question—How to build an award-winning supply chain. As a leading manufacturer of heating, ventilation and air conditioning (HVAC) systems, Lennox Residential’s business strategy depends on exceptional parts availability and customer service.

How VR, 3D Printing & Predictive Analytics in the IOT are Currently Powering the Manufacturing Industry

Cerasis

Technology advancements were among the most exciting topics to watch through 2016. Newer technologies have created entirely new methodologies for improving manufacturing, and the outlook is brighter than ever. Like any modern business, you can learn great things by looking back at what did and did not come to fruition. Predictive Analytics Became Commonplace to Manufacturing. Augmented reality is essentially identical to virtual reality.

How to Get Your Indirect Spend Under Control

Material Handling and Logistics

Having too much of some items can be just as costly to your bottom line as having too little. Though individual items often don’t amount to a huge expense, your total indirect spend and associated costs likely constitute a significant portion of your overhead expenses. Many facilities try to trim their indirect spend by negotiating lower prices on a few of their most expensive items. So how can you better control your indirect spend?

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Procurement Experiences, Trends and the Future!

Supply Chain Game Changer

Blog post originally published at [link] Permission to publish provided by Theodore T. Check out What is Virtual Procurement and Why Should You Care? Where is procurement, outsourcing, sourcing, supply chain, and purchasing going? Secondarily, we will include information from other procurement professionals and procurement firms about their experiences, what they forecast, and what they are seeing. Core competency is the key to success in any organization!

Technologies that Impact Procurement

Claritum

Claritum Article - Procurement Blog. Technologies and Procurement Table. There are a lot of articles around on what Procurement needs to do; how Procurement needs to change; and how technology will fundamentally change Procurement. Rather than repeat these and try to tell you what you already know, that change is a good thing if it produces better results. 2 Technologies and Procurement Table. Virtual Procurement Agents.

How to Successfully Implement a Transportation Management System

Talking Logistics

What are the key ingredients to a successful TMS implementation? Those are some of the questions I posed to Geoff Milsom, Senior Director at enVista , in a recent episode of Talking Logistics. This is usually a three to six month process and may be part of a larger corporate strategy or transformation process that it has to plug into. Understanding those issues is critical to implementation success.”. What’s the best way to do that?

Why Truckload Lead Times Matter and How to Improve Them

TMC

First come, first served is a familiar statement to most of us. According to DAT Solutions, the average length of a truckload delivery is between 600 and 700 miles. It would take roughly a day and a half to complete a truckload shipment of this length. Which means that at any given time, up to half of the available trucks are already busy with someone else’s shipment—in transit, en route, or loading/unloading. How do I improve my truckload lead time?

Why Truckload Lead Times Matter and How to Improve Them

TMC

First come, first served is a familiar statement to most of us. According to DAT Solutions, the average length of a truckload delivery is between 600 and 700 miles. It would take roughly a day and a half to complete a truckload shipment of this length. Which means that at any given time, up to half of the available trucks are already busy with someone else’s shipment—in transit, en route, or loading/unloading. How do I improve my truckload lead time?

[e-Book] How To Shift From Tactical To Strategic Logistics and Transportation Management To Create A Competitive Advantage

Cerasis

You can download our first e-Book, "The Future Of Supply Chain, Logistics & Manufacturing: How Technology Is Transforming Industries" here. Transportation management is no longer a tactical approach to simply moving freight and doing it at the lowest possible cost. For those looking to get more effective transportation management. Strategic Logistics: 8 Steps to Controlling Inventory Flow & Driving Warehouse Efficiency.

Indirect Procurement – It’s Time to Rise and Shine!

Supply Chain Game Changer

Yet the lack of attention and focus that Indirect Procurement is often given is inconsistent with the true importance of this area. Indirect Procurement takes a back seat to Direct Procurement unfortunately. But it is time for Indirect Procurement to stand up and be counted! The Importance of Indirect Procurement! Indirect Procurement is referred to by many different names. The very labels applied to these names (ie.

How to Fix the Supply Chain Talent Shortage

Elementum

This is a follow-up piece to our previous post, 4 reasons for the supply chain talent shortage. It involves universities and corporations working together to provide the right education, understand how to evaluate performance, and change the public perception of what “supply chain” really means. We can imagine how things are made, and we can imagine buying them. When it comes to what happens in between, things fade to black.

24 supply chain experts & business leaders reveal the #1 challenge of supply chain management (and how to solve it)

6 River Systems

The COVID-19 pandemic made it abundantly clear that effective supply chain management is crucial to the success of a business. Moreover, it’s vital to the health of the global economy. The pandemic crisis had global ramifications felt throughout the entire supply chain, from raw materials to finished products, and for many companies, building the resiliency needed to weather such storms has become the #1 challenge of supply chain management. How to solve it?

Ship Smarter: How to Avoid Bottlenecks in Your Global Operations

ThroughPut

And when shipping to volatile countries, it becomes even harder. companies with global operations, one of the most effective ways to mitigate risk is to ship smarter. companies should be looking to partner with more stable countries where tariff changes aren’t expected. goods is more complex than it used to be. Everything from custom duties to cargo inspections can create bottlenecks within the supply chain. companies to do business in their lands.

Ship Smarter: How to Avoid Bottlenecks in Your Global Operations

ThroughPut

Ship Smarter: How to Avoid Bottlenecks in Your Global Operations. And when shipping to volatile countries, it becomes even harder. companies with global operations, one of the most effective ways to mitigate risk is to ship smarter. companies should be looking to partner with more stable countries where tariff changes aren’t expected. goods is more complex than it used to be. This isn’t to say you should avoid international sources for goods.

Why The Time Is Now for Sustainable Procurement

Jaggaer

Earth Day (April 22nd) is a celebration of commitment to creating a safer, healthier and cleaner world, making it a natural time to reflect on the power and value of sustainable procurement programs. With that, global businesses are committing to key sustainability objectives such as reducing greenhouse gas emissions , eliminating slave labor , avoiding plastics , conserving water used in production , tapping into renewable energy sources and more.