Supply Chain Shaman

JANUARY 31, 2022

The Chief Financial Officer gained more presence with procurement and IT reporting to finance. As a result, focusing on cost and efficiency, and functional metrics throws the supply chain out of balance. A Decline in Innovation. Ironically, technology innovation is the highest that I have ever seen. Less Collaborative.

Procurement Analytics 219

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies 219

Supply Chain Shaman

FEBRUARY 7, 2022

The Chief Financial Officer gained more presence with procurement and IT reporting to finance. As a result, focusing on cost and efficiency, and functional metrics throws the supply chain out of balance. A Decline in Innovation. Ironically, technology innovation is the highest that I have ever seen. Less Collaborative.

Procurement Analytics 195

Procurement Analytics Manufacturing Procurement Sourcing Strategies Optimal Sourcing 195

Precoro

DECEMBER 11, 2023

As part of the larger procurement process, sourcing involves finding and evaluating suppliers for goods or services that need to be purchased. Strategic sourcing involves the meticulous evaluation of suppliers and the overall procurement process to extract maximum value from both. Create a purchasing process.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

Precoro

MARCH 31, 2023

March 21 was the second annual iteration of World Sustainable Procurement Day , an online event organized by the Sustainable Procurement Pledge team, SPP Chapters, SPP Champions, and partners to raise awareness about the importance of ethical procurement and to share the best sustainability practices with organizations worldwide.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Manufacturing Procurement Procurement Solutions 52

Material Handling & Logistics

OCTOBER 30, 2018

With the digitization of the source-to-pay process being a key initiative for many chief procurement officers, to the inherent automation which promises to accelerate innovations such as artificial intelligence (AI), digitization is growing. However, it is fundamental to empowering procurement success in the modern age.

Optimal Sourcing 110

Optimal Sourcing Procurement Solutions Procurement Analytics Procurement 110

GlobalTranz

OCTOBER 6, 2021

As the state of the trucking market evolves and innovations improve , OTR freight management technologies and logistics service providers offer transportation management optimization to help businesses avoid significant supply chain disruption. Carrier Vetting for OTR Freight . Reducing Reliance on Outdated Systems and Technology .

Prescriptive Analytics Software 216

Prescriptive Analytics Software Analytics Software Optimal Sourcing Supply Chain Network Software 216

Jaggaer

MARCH 18, 2020

His insights are numerous, and can all be heard in his full podcast episode, but among them is his main focus in 2020, the opportunity presented by agile procurement. Bartolini’s view of modern procurement is one of an industry at a crossroads. But for top CPOs , this demand is becoming harder and harder to meet.

Procurement Analytics 81

Procurement Analytics Agile and Lean Supply Chain Procurement Solutions Procurement 81

Logistics Viewpoints

JUNE 1, 2021

During promotional management, especially for big events around special days and holidays, inventory levels need to be adjusted to meet the peaks in demand. Promotion-sensitive demand forecasts at the granular level are then used to adjust inventory targets and drive additional replenishment and procurement decisions.

Inventory Management Software 185

Inventory Management Software Supply Chain Planning Software Inventory Management Optimal Sourcing 185

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

SCMDOJO

FEBRUARY 29, 2024

Your supplier may charge you an agreed-upon price, but if the service is unmarked or the merchandise is of poor quality, you won’t be able to meet your savings goals. The biggest challenge is that simply offering metrics, even those that appear to be the “right” metrics, usually doesn’t produce any results.

Vendor Strategies 55

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 55

SCMDOJO

APRIL 11, 2023

It covers the basics of procurement, including procurement strategies, contract management, and supplier selection. You’ll also learn about supply chain management and the various stages of the procurement process. Pros: It forms part of the CIPS Level 2 Certificate in Procurement and Supply Operations qualification.

Supply Chain Design Software 113

Supply Chain Design Software Course Supply Chain Planning Software Supply Chain Software 113

GlobalTranz

SEPTEMBER 23, 2021

Fewer labor resources are available to meet the rising demand in both the warehouse and in transit. ? A Possible Stimulus on the Horizon May Increase the Challenge of Procurement Through Peak Season. As the industry evolves and innovations improve, OTR freight management technologies offer?? transportation metrics ?that

Prescriptive Analytics Software 308

Prescriptive Analytics Software Optimal Sourcing Pricing Training Negotiating Skills 308

OptiProERP

APRIL 9, 2024

Collaboration between production, procurement, and logistics teams is essential to optimize resource utilization and minimize lead times. Quality Assurance Quality assurance ensures that products meet predefined quality criteria. 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

ivalua

AUGUST 16, 2021

This reliance can increase supplier risk or uncover a large source of value and supplier innovation for organizations. . In order that sourcing and procurement teams fully optimize their supplier network, there needs to be a change in the way organizations view all suppliers. Ensure compliance with business and regulatory requirements.

Optimal Sourcing 130

Optimal Sourcing Sourcing Strategies Supply Chain Planning Software Supply Chain Design Software 130

crisp

DECEMBER 15, 2021

The pace of change is increasing exponentially, and there are innovations and learnings being shared across the industry every day. A recent survey of procurement leaders showed a 15-20% increase in ROI when using data and analytics to make decisions. Can we order from a different supplier to meet forecasted demand?

Procurement Analytics 98

Procurement Analytics Supply Chain Planning Software Manufacturing Procurement Material Savings 98

ivalua

JUNE 2, 2016

Niul Burton wrote a great article in Industry Week titled “Procurement 2025: 10 Challenges that Will Transform Global Sourcing”. For those of you who are executives in Supply Chain, Procurement or New Product Introduction/Development, this is a must read. We are not your father’s traditional Procure-to-Pay solution.

Manufacturing Procurement 100

Manufacturing Procurement Procurement Supply Chain Planning Software Predictive Analytics Software 100

Supply Chain Shaman

FEBRUARY 14, 2022

Organizations can align to drive value despite the allegiance to functional metrics. The industry considers the company a leader, but I know the dark side that internally, the IT processes squash innovation. As long as companies are motivated by functional metrics, inventory management will be an enigma. Mistake #5. Measurement.

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Breaking Boundaries: Exploring Generative AI’s Impact on Supply Chains Supply chains encompass many interconnected activities, from procurement, production, and inventory management, to logistics and distribution. Only by doing so can we unlock the full benefits of this innovative technology.

Optimal Sourcing 244

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Modeling 244

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. Innovating and creating change comes down to experimentation.

Expense Reduction 52

Expense Reduction Price Reduction Modeling Optimal Sourcing 52

The Logistics & Supply Chain Management Society

SEPTEMBER 14, 2021

The overarching rule that all actions taken are meant to meet the needs of the present society without compromising future generations’ ability to meet their own needs, is a key driver. CEVA Logistics actively reaches out to support social innovations and engage local communities. Photo Credit: L’Oréal.

Resource Reduction 242

Resource Reduction Supply Chain Planning Software Global Supply Chain Software 242

Supply Chain Game Changer

DECEMBER 12, 2018

Procurement – How to Enable Spend Aggregation! What is the role of the Chief Procurement Officer? The main work of a Chief Procurement Officer is to: Create a Shared Vision for the Procurement Function, aligned to organizational objectives. Select the Right Procurement Metrics. Subscribe Here!

Procurement Analytics 58

Procurement Analytics Purchasing Skills Eliminating Excel in Purchasing Procurement 58

NC State SCRC

APRIL 21, 2019

I was self-motivated to attend, as I felt these meetings provide a great platform to meet people and share ideas and perspective. It is very important to ensure chain of custody and work with suppliers to develop innovative technologies to track and trace products as they move through the supply chain.

Meeting 40

Meeting Supply Chain Software Buyer Training Charlotte 40

EcoVadis

SEPTEMBER 12, 2019

Executive commitment to sustainable procurement is at an all-time high, but several roadblocks continue to impact organizational ROI. Nearly half of procurement organizations (45 percent) indicated they only have visibility into tier-1 suppliers. The roadblocks are limiting sustainable procurement value and ROI.

Optimal Sourcing 40

Optimal Sourcing Sustainability Procurement Supply Chain Planning Software 40

Supply Chain Shaman

SEPTEMBER 2, 2016

Slow growth and rising costs dominate meeting agendas. Before I started doing this research, I believed procurement and manufacturing were aligned. While this is the case in 50% of the organizations, there are many organizations with large alignment gaps between finance/operations and procurement/manufacturing. I was wrong.

Supply Chain Planning Software 0

Supply Chain Planning Software Supply Chain Strategy Supply Chain Design Software Supply Chain Software 0

Supply Chain Shaman

MAY 21, 2013

Most care providers are working to get physician and clinical alignment to focus on the right balance of standardization, product utilization, and innovation. The teams fight for recognition to participate in top-to-top meetings. Balance innovation and standardization. Reward supplier companies that enable innovation.

Modeling 239

Modeling Modeling Software Pharmaceutical Procurement Analytics 239

Supply Chain Shaman

OCTOBER 8, 2019

Financial forecasts tend to have a negative bias (forecasts less than market potential) to ensure that employees have a better probability of meeting their bonuses. No metric should be measured in isolation, and functional metrics should be replaced with the balanced scorecard metrics shown in Figure 2. Bias and error.

Supply Chain Design Software 186

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Forecasting 186

Logistics Viewpoints

DECEMBER 14, 2021

It excels on a union of E-Commerce mobile apps and last-mile delivery innovations. They can optimize courier and order matching, increase visibility, and track important metrics such as order lead time, OTIF, courier performance, and customer satisfaction. increase with their sales in the U.S.

Supply Chain Planning Software 193

Supply Chain Planning Software Forecasting Software Supply Chain Design Software Optimization Software 193

Unleashed

MARCH 28, 2021

Supplier Relationship Management (SRM) is a management concept frequently used by procurement and supply chain professionals. Businesses can dramatically reduce the costs associated with establishing new supplier relationships, expedite onboarding activities and relevant procurement processes. What is supplier relationship management?

Negotiate Pricing 111

Negotiate Pricing Cost Reduction Strategies Price Reduction Negotiating Skills 111

NC State SCRC

FEBRUARY 11, 2016

I spent some time working with IBM this past month on a slide share that covers 6 key questions on the minds of many of the Chief Procurement Officers I’ve spoken to in the last year. As a result, procurement is often brought in at the last minute. If only procurement could get to this!

Procurement 40

Procurement KPI Analytics Software Analytics 40

Unleashed

JANUARY 29, 2024

Discontinuing lines will help the manufacturer free up production capacity, and redirect research and development spending to focus on the development and marketing of newer or more innovative products. This helps them to meet the changing consumer demands for healthier and more sustainable products. Improved inventory accuracy.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 52

BlueYonder

SEPTEMBER 4, 2020

In supply chain, diversity expands beyond a range of age, race, gender, orientation, and cultural backgrounds in the workforce – it should be carried across to procurement. [i] Improve innovation. Having access to a variety of different perspectives also unlocks creativity and higher innovation. More inclusive companies are 1.7

Supply Chain Planning Software 58

Supply Chain Planning Software Supply Chain Software Supply Chain Network Software Resource Reduction 58

NC State SCRC

DECEMBER 8, 2019

Our 40 th Bi-Annual Supply Chain Resource Cooperative meeting was a great success, culminating with the student gallery walk, featuring 27 undergraduate and MBA supply chain projects. The meeting was attended by over 80 executives, as well as numerous students and faculty. and will operate more efficiently.

Supply Chain Design Software 52

Supply Chain Design Software Supply Chain Software Supply Chain Planning Software Supply Chain Design 52

SCMDOJO

DECEMBER 14, 2023

In supply chain management, total lead time is a crucial metric encompassing the period from customer order to delivery, be it in B2B or B2C scenarios. 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

SCMDOJO

AUGUST 16, 2023

The ability to analyze this data enables the retail giant to make informed decisions on product procurement, inventory management, and demand forecasting. One of the key elements of the EDLC policy is the direct procurement of items from suppliers, eliminating intermediaries in the process.

Inventory Reduction 74

Inventory Reduction Vendor Strategies Price Reduction Supply Chain Planning Software 74

SCMDOJO

JULY 24, 2023

Let’s take a closer look at these stakeholders and their roles: Shippers: Shippers are businesses that produce or procure goods and require them to be transported to their intended destinations. Common Services Contract logistics providers offer a wide range of services to meet the diverse needs of their clients.

Logistics Network Optimization Software 90

Logistics Network Optimization Software Optimal Sourcing Negotiating Skills Inventory Management Software 90

ivalua

OCTOBER 15, 2019

In my last post , I discussed how to successfully launch a digital Procurement transformation. Why do so many Procurement organizations struggle to make progress? In this post, I’ll look at the key challenges and how to accelerate your journey to best-in-class Procurement. . Alex Saric, CMO, Ivalua. Serve Your Customers Well.

Procurement 113

Procurement Modeling Software Supply Chain Network Software Innovation 113

Unleashed

JANUARY 24, 2022

MRO inventory can account for a sizeable portion of a business’ total procurement spend. That means efficient MRO inventory control is essential to ensure the company has sufficient supplies to meet its business needs while minimising expenditure. Take a comprehensive approach to MRO inventory procurement.

Inventory Reduction 98

Inventory Reduction Inventory Management Software Procurement Solutions Supply Chain Software 98