Remove Manufacturing Procurement Remove Sourcing Remove Vendor Strategies
article thumbnail

Direct Spend Management: A Checklist for Enabling Shared Value with Direct Suppliers

Logistics Viewpoints

They are no longer just vendors of goods and services. Treating suppliers as essential partners in the field of direct spend management—almost like customers—can be a key component of a successful company strategy. For instance, suppliers may have strong Vendor Management process expertise that will help reduce working capital.

article thumbnail

Supply Chain & Logistics News Round Up (October 7th-11th 2024)

Logistics Viewpoints

UVa Health said it is working on reducing any unnecessary waste of IV products, including IV fluids, dialysis fluids, parenteral nutrition, and irrigation fluids. The shortage has not impacted Charlottesville’s other major healthcare provider, Sentara Health as this organization sources its IV solutions from a different manufacturer.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Key Takeaways from SAP Spend Connect Live

Logistics Viewpoints

SAP is embedding its generative Joule across the SAP Ariba source-to-pay solution portfolio to make it easier for their customers to manage routine inquiries, such as status updates, summarization, and frequently asked questions. When a procurement contract is negotiated, the buyer has planned to achieve a certain level of savings.

SAP 291
article thumbnail

Enterprise Spend Analysis: How to Reduce Cost and Risk

ivalua

If you’re evaluating procurement technology or exploring ways to drive more value from existing systems, chances are you’re looking beyond tactical fixes – you want a smarter, scalable strategy. Misaligned priorities across finance, legal, and procurement create friction that delays decision-making and reduces impact.

article thumbnail

The US FDA’s Phase-Out of Synthetic Food Dyes – Supply Chain Impacts & Challenges

Logistics Viewpoints

From raw material sourcing to logistics and regulatory compliance, stakeholders across the value chain will need to prepare for structural adjustments. Sourcing and Ingredient Availability A central impact of this policy is the need to replace synthetic colorants with natural alternatives.

article thumbnail

How to Optimize Fulfillment with Unified Data

Logistics Viewpoints

Optimizing fulfillment requires a series of steps to get a shipment from its source to the end customer. These steps include sourcing and receiving inventory, storing inventory, order processing, picking and packing an order, shipping the order, and returns management.

article thumbnail

Distributor Management – Top 5 Do’s and Don’ts for FMCG Principals

Enchange Supply Chain Consultancy

Now for the Do’s & Don’ts In the dynamic world of FMCG, your Route to Market (RTM) strategy and distributor partnerships can make or break your brand’s success. Do Foster Long-Term Partnerships : Treat distributors as strategic partners, not just transactional vendors. Digital visibility enhances agility and decision-making.