These 7 Industrial Procurement Trends will Impact Supply Chain & Logistics in 2018

Cerasis

Procurement must never be an afterthought in any enterprise. The answers to these questions lie in understanding a few of the top industrial procurement trends to expect in 2018. Companies Will Seek New Ways to Use Technology in Procurement. As with many other topics affecting industry trends in the transportation, trucking and manufacturing industries, companies are looking for ways to increase the use of technology in procurement, explains Melissa Deleen of LinkedIn.

Why Supply Chain Managers & Procurement Should Collaborate

Cerasis

The roles of logistics and procurement in an efficient supply chain cannot be overstated. According to Paul Myerson , reports Industry Week, up 70 percent of a company’s costs come from procurement and logistics operations. However, both logistics and procurement often become isolated in modern companies, resulting in inefficient practices and a sluggish production value. So, why do supply chain managers not take advantage of this data with respect to procurement?

Ivalua Paints a Great Procurement Picture at Ivalua NOW Chicago 2019

ivalua

The event was themed on “The Art of Procurement” relating to how the further procurement leaders mature in their transformations, the more their approach shifts from science to art. Just building great Procurement solutions that customers clearly love (in 2018 once again maintaining the industry’s highest retention rate, over 98%). The most eye-catching statistic of the event came from Duncan regarding procurement’s self-assessed v.

How More Effective Inbound Logistics Management Improves Procurement in the Supply Chain

Cerasis

Making changes that promote effective inbound logistics management can have a significant impact on your organization’s procurement department and team members.

The 4 Stages of Supply Chain Analytics

Digital transformation is now a central theme in the industry. breaking news, but it is new for the industry. that supply chain is moving through as the industry strives to leverage data. 2, and small pockets in the industry are beginning to build towards stage 3.

Digital Procurement – Pack your bag, you are going on a journey

ivalua

The Hackett Group and Ivalua have been working together for some months to assess the status of Digital Procurement transformation and lessons learned from early adopters. Digital Procurement – a place we are planning to visit soon (and hopefully stay).

[INFOGRAPHIC] Procurement Trends: Carving a Bigger Role in Supply Chain & Manufacturing

Cerasis

The Industrial Revolution helped change and bring prosperity into the world of manufacturing. As time passed, procurement gradually gained a larger role in the scope of manufacturing and order fulfillment. Why Is Technology Driving Procurement Trends and the Role of Procurement?

10 Steps for Procurement Strategy Development! (Infographic)

Supply Chain Game Changer

Manage Procurement Spend Like It’s Your Own Business! All over the business landscape, more companies in more diverse industries are transforming their Procurement functions. But defining and refining your Procurement strategy is no easy task. Hey Procurement!

Procurement, Industry 4.0, Cybersecurity, Robotics and Automation: The Image of Manufacturing is Evolving.

Cerasis

Let’s take another look at how procurement, computing power, industry 4.0, cyber security, advanced robotics and automation became top priorities for research, development, and implementation throughout the past year’s operations in the manufacturing industry. . However, saving $100 billion over one year means the use of robotics and automation have the potential to impact the industry in the most profound ways possible. Industry 4.0

Ivalua Now and the Art – or is it the Science – of Procurement?

ivalua

It’s a question that you can answer for yourself at Ivalua Now – The Art of Procurement , being held, appropriately enough, at The Louvre, Paris 10 th – 12 th April. The event is free to attend and aims to attract hundreds of procurement and supply chain professionals to discuss and learn more about the latest industry trends and processes. In the process, these advances are enabling procurement leaders to look beyond their traditional remit.

The procurement Summit 2016

Supply Chain Movement

The procurement Summit 2016. Building on the huge success of eWorld Procurement & Supply – which has been running bi-annually in London since 2001 – the new Procurement Summit will bring together 150 purchasing and finance professionals from across the commercial, public and third sectors.

Procurement Terminology is a Mess!

Supply Chain Game Changer

Hey Procurement! From one Procurement organization to the next, terminology differs. Procurement is a function, that is undergoing transformation; technologically and ideologically. The way we buy and sell procurement technology needs to reflect this new era.

How to Build a Digital Procurement Ecosystem in 8 Minutes!

Supply Chain Game Changer

In this post, I’d like to suggest a mapping of a digital procurement ecosystem, dive into the necessity for these functionalities, and draw some conclusions as to how these focus areas can drive performance in an overall procurement organization. The Digital Procurement Ecosystem.

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. Virtual Procurement Agents.

Procurement Report Card: Most Executives Think Procurement Isn’t Strategic Enough!

Supply Chain Game Changer

Argentus is a boutique recruitment firm focused on Supply Chain and Procurement. Check out What Exactly Is Procurement? As we’ve chronicled on the Argentus Blog, it’s no secret that the world of Procurement is changing and fast. Procurement, you’ve come a long way, baby!

Inefficient Procurement processes are costing UK businesses almost £2m per year, reveals research

ivalua

29 th August 2019, London – Research from Ivalua , a leading provider of global spend management cloud solutions , has shown that Procurement, supply chain and finance professionals are spending almost a third (31%) of their time dealing with inefficient paper-based or manual Procurement processes, which is costing UK businesses on average £1.94m annually* and limiting Procurement teams’ ability to deliver more strategic value. Ivalua is the Procurement empowerment platform.

Procurement Transformation Delays – The Role of Personality!

Supply Chain Game Changer

Article provided to Supply Chain Game Changer by Katalin Brennan at Eyvo E-Procurement. We’ve all heard of the need for Procurement to embrace the Digital Transformation for many years. Why are industry projections failing to materialize despite ample technological advancements?

Successfully Launching a Digital Procurement Transformation

ivalua

In an earlier post , I wrote about the importance and overall success factors involved in digitally transforming Procurement. The one tried and true approach is for Procurement leaders to build and sell the business case. Industry solutions can meet many unique requirements quickly.

What’s the Difference between Procurement and Purchasing? (Infographic)

Supply Chain Game Changer

Argentus is a boutique recruitment firm focused on Supply Chain and Procurement. Check out What Exactly Is Procurement? In short: Purchasing is an activity that’s a subset of the overall Procurement process. Check out What Exactly Is Procurement? Subscribe Here!

50th Symposium Procurement and Logistics

Supply Chain Movement

50 th Symposium Procurement and Logistics. The association is open to all industries and types of company. More than 2,200 decision-makers from procurement, SCM and logistics. Date: 11-13 November, 2015. Location: InterContinental, Berlin (Germany). Organisation: BME Verband.

The 3PL Industry is Suffering from Gresham’s Law

Talking Logistics

Procuring logistics services is not the same as buying paper clips, yet that’s how many procurement organizations approach it.”. Discusses our premise that the 3PL industry is at a tipping point, using the analogy of Grehsam’s Law.

3PL 233

Procurement & Suppliers: Paying Attention to Terms & Conditions to Keep Supplier Relations Postitive

Cerasis

Editor's Note: Today's blog is by our great friend, Chuck Intrieri where he gives us a fantastic example of how Procurement and Suppliers can enhance Supplier Relations by navigating the "Battle of the Forms.". However, in many circumstances, the supplier will send an invoice that contains one set of terms, while the procurement professional will issue a purchase order which contains additional or different terms. For example, in one Indiana case, Tyler Pipe Industries, Inc.

Hey Procurement! It’s Time to SELL!

Supply Chain Game Changer

The Procurement, or Purchasing, function is considered by many to be a necessary but non-strategic part of any organization. This is not to say that they believe Procurement doesn’t play a role, but rather that they don’t view Procurement as playing a critical role beyond cutting costs and finding suppliers. Procurement is strategic! Now is the time for Procurement to SELL! The Procurement Value Chain Continuum. Procurement 101.

Changing the face and pace of procurement

Requis

During my career, I have worked for a range of different companies both in and out of the oil and gas industry and have seen four downturns during my time. But very little real and lasting changes were made to make the procurement process more efficient. Marketplace Procurement

What Exactly Is Procurement? And What is Purchasing?

Supply Chain Game Changer

For his entire career my Father worked in the field of Procurement. But the job titles that he had during his career alternatively included either the word Procurement or the word Purchasing. But was that Procurement or was it Purchasing? What exactly is Procurement?

9th Edition Global Procurement and Supply Chain Management for the Oil and Gas Industry

Supply Chain Movement

This marcus evans forum will allow you to explore and debate PSCM industry best practice and the best strategies to reduce costs and add value to the company. Focus will be on equipping industry leaders with the tools they need to reduce costs and drive value creation in the supply chain.

Procurement – The Spend Aggregation Obstacle Course!

Supply Chain Game Changer

Check out What Exactly Is Procurement? They may be disparate companies within an industry. Or they may be unrelated companies spanning many industries. When you run a central Procurement organization you are trying to get the best deal for your company. Subscribe Here!

The European Meat Industry’s Environmental Catastrophe

SCM Research

” The authors argue that “[the] EU must send a strong signal to the market by requiring that companies implement measures for transparency and traceability into their supply chains” Research Practice Supply Chain Management Supply Chain Sustainability Report Procurement Ethics

Time to Look into the Future of Procurement!

Supply Chain Game Changer

Check out What Exactly Is Procurement? There has been transformation in the Procurement function over the past decade. A Paradigm Shift in the Procurement Function. The Evolution of Procurement’s Value Proposition. Procurement professionals need to get savvy.

Procurement: The Spend Aggregation Obstacle Course!

Supply Chain Game Changer

Check out Procurement – How to Enable Spend Aggregation! They may be disparate companies within an industry. Or they may be unrelated companies spanning many industries. Procurement people are proud professionals. Procurement #Purchasing #SupplyChain #SCM.

The Global Procurement & Supply Chain Management for Oil And Gas Industry 2016

Supply Chain Movement

The Global Procurement & Supply Chain Management for Oil And Gas Industry 2016. SCM and Procurement teams will need to build internal supply planning capabilities, create higher value and efficiency, and out- source to third parties at a reasonable cost to help consolidate their position within the business. Date: 11-12 April, 2016. Venue: Intercontinental Berlin, Germany. Organizer: Magvoy Energy – MagVoyages ltd. Url: [link].

Procurement Experiences, Trends and the Future!

Supply Chain Game Changer

Check out What is Virtual Procurement and Why Should You Care? Where is procurement, outsourcing, sourcing, supply chain, and purchasing going? We have worked in hundreds of different industries and spend areas over many years in thousands of procurement projects.

The Digital Transformation Journey: The Alignment of Industry, Company, and Technology

Talking Logistics

Process industry businesses that embark on digital transformation journeys are becoming disruptors in the industry. The process industry has been burdened by effects from global economic strength, tariffs and trade balances, and infrastructure bottlenecks.

How Strengthening Team Relationships Leads to Better Strategic Procurement

AFFLINK

Strategic procurement teams must be able to work closely with many departments throughout the organization, while still keeping the organization's broad-spectrum goals in mind. Take a look at your current procurement process to identify potential issues and areas of improvement.

Ethics in Procurement – Simple, but Not Always Easy

Logistics Bureau

If you have not yet tackled the question of ethics in procurement, now is a great time to start. It does not matter whether you are a procurement professional, internal customer, external customer, senior executive, or supplier. Ethical Procurement: Some Scenarios to Consider.

Procurement Challenges Condensed

Claritum

Claritum Article - Procurement Blog. I took on the challenge of writing a condensed version of all the current Procurement challenges. I believe the issue with these articles is the broad range encompassed by the word Procurement and the constant change within this domain.

The Hottest Jobs in Supply Chain and Procurement! (Infographic)

Supply Chain Game Changer

Argentus is a boutique recruitment firm focused on Supply Chain and Procurement. Across every industry, every geography and every country there are advances in Technology, the Internet of Things (IoT), Industry 4.0, Procurement #SupplyChain #Logistics #Jobs.