4 ways IT & Procurement team collaboration increases resilience

ivalua

The Hackett Group report recommendations on IT & Procurement collaboration and how it can benefit your organization in the time of Covid-19 and beyond. This study includes input from a range of industries via interviews conducted with pairs of IT and Procurement leaders.

Procurement Technology – What it can and can’t replace in a Manufacturer’s Journey Towards Supply Chain Resilience and Agility

ivalua

A review of the key elements in supplier management for manufacturers and how Source-to-Pay procurement technology can support the journey towards supply chain resilience and agility in times of crisis. As the COVID-19 pandemic disrupts global supply chains, procurement organizations around the world are scrambling to react. Supplier Data is at the core of every procurement activity, and it is critical for those dealing with direct materials in manufacturing.

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

Cerasis

What makes or breaks a new technology in manufacturing? Mostly, manufacturers demand technologies that can boost their output without causing an additional strain on resources, and the final five technologies changing manufacturing in 2016 did just that. The implementation of robotics and automation was not universal in manufacturing. In other words, some manufacturers continue to resist the trend. Procurement Operations Became Decentralized and Adaptable.

These are the 2018 Manufacturing Trends That will Drive 2.1% Growth In American Manufacturing

Cerasis

Manufacturing is on the cusp of an explosion in growth and innovation in 2018. These facts set the stage for exponential manufacturing growth in 2018. Supply chain executives need to take a few moments to learn more about the top 2018 manufacturing trends that will make it possible. Check Out the Top 2018 Manufacturing Trends. Reshoring is expected to be a major driving force and one of the most important of the 2018 manufacturing trends.

Logistics & SCM, PLM, Manufacturing, and Procurement 2016

Supply Chain Movement

Logistics & SCM, PLM, Manufacturing, and Procurement 2016. URL: sapinsiderevents.wispubs.com/2016/Vienna/SCM-PLM-MFG-Procurement-CRM/. Logistics & SCM, PLM, Manufacturing, and Procurement 2016, sponsored by SAP, is the most important educational event of the year for organizations using SCM, PLM, manufacturing, and procurement solutions to fortify their business operations and infrastructure with proven methodologies and measurable, value-driven results.

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Small Business Manufacturing in America: Innovate, Design, Develop and Manufacture

Supply Chain View from the Field

To achieve this capability, the company has invested a lot of upfront resources that not a lot of manufacturing companies in North America have today. This gives us a unique business model and helps us influence the parts to ensure that they are optimized for our manufacturing floor, and helps us to influence it so that we can bring to bear our deep market knowledge of the accessories we build for our OEM customers.” I believe this is the new model for American manufacturing.

Procurement Leading Pharmaceutical Companies Through the Pandemic

Jaggaer

From early on in the Covid-19 pandemic , and for pretty obvious reasons , procurement in healthcare and pharmaceuticals has been in the spotlight like never before. The post Procurement Leading Pharmaceutical Companies Through the Pandemic appeared first on Jaggaer.

Manufacturing Gains From Machine Learning

IQMS

Improving semiconductor manufacturing yields up to 30%, reducing scrap rates, and optimizing fab operations is achievable with machine learning. Bottom line: Machine learning algorithms, applications, and platforms are helping manufacturers find new business models, fine-tune product quality, and optimize manufacturing operations to the shop floor level. New products are proliferating in manufacturing today, and delivery windows are tightening.

Enabling Innovation Groups To Sell More Effectively to Operations Leaders

ThroughPut

We do it throughout entire industries, enabling leaders to smooth-out their Supply Chains, lean-out their Logistics, optimize their Operations, and maximize their Manufacturing throughput, all with their existing teams and often disaggregated data sources. Whether it is access to data, maneuvering around competing innovation objectives, tracking down actual factory-floor operators, or involving oft-neglected procurement groups, there are internal bottlenecks everywhere.

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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Dr. Muddassir Ahmed on Innovation in Supply Chain Education

Requis

On the fifteenth episode of Supply Chain Next, Muddassir talks with host Richard Donaldson about innovation in supply chain management, updating educational curricula, and the accessibility gap he sees in accessing instruction in supply chain best practices. ?. My professional history in supply chain has mostly been in manufacturing and sales and operations planning. Yes, they do product innovation very well, but mostly they are supply chain companies.

Scott Bader Partners with EcoVadis to Drive Sustainable Procurement Innovation and Excellence Across the Value Chain

EcoVadis

PARIS – ( September 26, 2019 ) —Today, EcoVadis , the world’s most trusted provider of business sustainability ratings, announces its partnership with Scott Bader , a leading global manufacturer of adhesives, resins and gelcoats. The global chemical company will leverage the EcoVadis platform to reduce risk, encourage innovation and drive sustainable procurement performance across its supply base.

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 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. With automation, big data and burgeoning AI systems removing more and more of the profession’s “tactical” or “clerical” tasks, companies are calling on their Procurement teams to be more strategic, more nimble, and more innovative.

Trends 2019: Manufacturing

Enterra Insights

Over half-a-dozen years ago, Brookings Institution analysts, Susan Helper, Timothy Krueger, and Howard Wial, asserted, “Manufacturing matters to the United States because it provides high-wage jobs, commercial innovation (the nation’s largest source), a key to trade deficit reduction, and a disproportionately large contribution to environmental sustainability.”[1] Manufacturing trends. The changing manufacturing environment is often described as Industry 4.0

Trends 100

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? Secondarily, we will include information from other procurement professionals and procurement firms about their experiences, what they forecast, and what they are seeing. We have worked in hundreds of different industries and spend areas over many years in thousands of procurement projects. The Next in Procurement.

How to Build a Digital Procurement Ecosystem in 8 Minutes!

Supply Chain Game Changer

The artist explains: “This work attempts to bring out certain forms and structures by combining organic materials (earth, plants, vegetables, fruit, fish) and manufactured products (a pair of shoes, pigments used to colour the layers). 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.

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. This article summarises, as a table, technology areas that impact on Procurement that you might need to investigate. 2 Technologies and Procurement Table. Augmented Intelligence for Procurement professionals.

Direct Material Woes: Seven Steps to Take to Improve Value

Supply Chain Shaman

With this in mind, in this blog, I make an argument that we, as supply chain leaders, have screwed up direct material procurement. My goal is to have supply chain leaders consider a procurement redesign for 2017. As shown in Figure 1, roughly one in two supply chain organizations have responsibility for procurement. Most of the focus in the last decade was on indirect procurement. The opportunity is in the management of direct procurement. It is fall.

How to Sustain a Lean Culture in Manufacturing & Supply Chain

Cerasis

Twitter Google+ LinkedIn The post How to Sustain a Lean Culture in Manufacturing & Supply Chain appeared first on Transportation Management Company | Cerasis. Lean Manufacturing Supply Chain lean cultureToday 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? I use a method I call managing for daily improvement or MDI.

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7 Trending Business Practices Disrupting Procurement!

Supply Chain Game Changer

7 KPIs Your Procurement Team May Be Ignoring! In some cases — yes, organizations are changing their attitudes and becoming incredibly innovative in their restructuring of traditional business practices. In other organizations, marketing innovative business practices is good enough, as traditional business practices remain at the heart of operations, one bad PR headline away from full-on cardiac arrest. Supplier Enabled Innovation (SEI). Subscribe Here! Email Address.

[e-Book] The Future Of Supply Chain, Logistics & Manufacturing: How Technology Is Transforming Industries

Cerasis

The logistics, manufacturing, supply chain, and transportation industries are going through a time of rapid and unprecedented transformation. The future of these industries is paved with innovation and technology. In this e-Book, we will explore emerging technologies and applications which will forever change the industries of manufacturing, supply chain, logistics, and transportation forever. We will cover the following topics: Manufacturing Technology Changes.

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 typical Purchasing Function is limited to the transactional job of collecting information about the requirements of user departments and carrying out commercial checks and balances to finally procure the product & service based on c ost reduction only and focused on supply continuity. A Paradigm Shift in the Procurement Function. Subscribe Here!

Unlocking Innovation from Your Supply Chain – Lessons from Formula 1 Racing

ivalua

On February 12 Ivalua hosted Senior Procurement and Supply Chain Professionals gathered for an Exclusive Dinner on the 34th floor of The Gherkin with F1 Veteran and Status Grand Prix Founder, Mark Gallagher. The theme of the evening was “Unlocking Innovation from your Supply Chain” with presentations and discussion focused on insights, knowledge sharing and learning from the F1 Grand Prix Pit Stops. Afrika Morris, Senior Field Marketing Manager UKI at Ivalua.

Digitalization in Procurement: Your Questions Answered

Jaggaer

Last week JAGGAER hosted a webinar reviewing the findings of our recently released 2019 Digital Procurement Survey Report. We reviewed the key takeaways and provided recommendations for how procurement professionals can begin to take advantage of next-generation technologies. 35% of respondents said it was their main challenge in modernizing their procurement process. Innovation does not always mean just automation, so how do we define innovating in the right direction? .

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

ToolsGroup

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 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. Innovative Technology. Source: Supply Chain Digest.

Sustainable procurement: a platform to rebuild

Proxima

Although the signs point towards aggressive cost reduction campaigns, but they also lead to a need for greater innovation, automation, and sustainable long term solutions that differentiate. Notable examples included the grocers adapting their corporate mission to simply “feed the nation,” or organizations like Dyson, Babcock, Brewdog, and others demonstrating the power of innovation and agility to manufacture and supply PPE, Ventilators, and Sanitiser.

The Future of Energy for Manufacturing!

Supply Chain Game Changer

Today manufacturers must continually look for waste reduction, process improvement and supply chain efficiency to meet competitive pressures and their customers’ cost reduction requirements. North American manufacturers who have followed this course have seen significant and sustainable results often with reductions of 25% which in turn helps to maintain and enhance their immediate market position. What role will energy play in the long-term strategy for manufacturers?

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. Procurement teams are in a unique and important position to drive such initiatives forward as these improvements are only possible through actions taken in the supply chain. Procurement at the pivot point. Clear steps to sustainable procurement.

The Next Generation of Excellence: Agility, Culture, Innovation

Logility

Innovation as Excellence. While better-faster-cheaper is an incremental improvement philosophy, “innovation” changes the game. Excellence in Innovation, whether in process, product, organization or market approach can put your supply chain in a ‘blue ocean’ position where there are no competitors. Innovators might ask a totally different and heretical question: “Are the things we do in supply chain adding any value?”

The Next Generation of Excellence: Agility, Culture, Innovation

Logility

Innovation as Excellence. While better-faster-cheaper is an incremental improvement philosophy, “innovation” changes the game. Excellence in Innovation, whether in process, product, organization or market approach can put your supply chain in a ‘blue ocean’ position where there are no competitors. Innovators might ask a totally different and heretical question: “Are the things we do in supply chain adding any value?”

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. To my mind, your challenges depend on where you are in transformational change within your organisation, the scope of your function within Procurement and the nature of the organisation’s 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?

The Ins and Outs of Manufacturing Around the Holidays

USC Consulting Group

But as buyers bolt to malls to take advantage of last-minute deals and purchase gifts online, manufacturers here and abroad are navigating a holiday rush all their own. During peak season, businesses in the manufacturing space – especially those that serve brick-and-mortar and online retailers – pour all available resources into ambitious shop-floor initiatives centered on facilitating optimal output and service delivery.

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What’s Next for Digital Procurement?

Jaggaer

Our survey of the global procurement community and the subsequent report, Digital Transformation in Procurement: How Close Are We? revealed heightened awareness of digital technologies and their potential to transform the procurement function, but little progress over the past two years. For this to happen, procurement professionals must make a stronger case to the organization’s leadership to demonstrate the value it can deliver.