Integrated Supplier Management Boosts Performance

QAD

The disruption caused by the COVID-19 pandemic has certainly increased the awareness among manufacturers for improved communication and collaboration with suppliers. Manufacturers require integrated supplier management to ensure the timely flow of goods and information.

A Look at Direct v. Indirect Supplier Management in Three Industries

ivalua

Doug Keeley, Product Marketing Manager, Ivalua. The most fundamental spend categorization in Procurement is the line between direct and indirect spend, but one effort that transcends this split is supplier management. This includes supplier information management, supply chain risk management/mitigation, and supplier performance management. Who is the supplier, who are the points of contract, what are the terms of service or delivery?

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Why Strategic Sourcing and Supplier Management Can Make or Break Your Customer Experience

ivalua

”) Customer experience initiatives often involve people from diverse parts of a manufacturing organization. However, few manufacturers ever sit back and ask, “How can our procurement or strategic sourcing initiatives contribute to the overall customer experience?” I would argue that, if you’re in manufacturing, strategic sourcing is the first place to start shaping the customer journey. Suppliers are experts in their domain.

Supplier Management Through a Vendor Portal

TPSynergy

Along with your customers, suppliers and purchasing agents need the same level of info just as fast. The fastest and most cost-effective way to implement this is with a supplier vendor portal. Here are some of its benefits: SUPPLIER SELF-SERVICE. Portals allow the supplier to have a high degree of autonomy. Inquiries that would have taken days or even weeks through a lengthy process of calls and emails is instead done by the supplier in a few clicks.

If you had a clean slate, what supplier management practices would you eliminate?

ivalua

Which got me to thinking… If you are a manufacturer, what supplier management practices might you eliminate if you had a clean slate? Here are some to consider: Segmenting suppliers by spend – By segmenting on total spend, and only focusing on those who you are spending the most with, glaring gaps open up. Are there suppliers that you spend less on who could become the cornerstone of your product?

Supplier Management and Sourcing in the Fashion Industry – Under the Spotlight

Jaggaer

More than virtually any other sector, sourcing and supplier management in the fashion industry have been exposed to intense scrutiny in recent years, while the functions have become of increasingly strategic importance to business success. Supply chains are multi-tiered and therefore difficult to manage. For these and many other reasons, the role of purchasing and supplier management is highly strategic in the fashion industry.

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4 Strategies to Improve Supply Chain Efficiency for Manufacturing Business Owners

Unleashed

Manufacturers typically perform planning, sourcing (finding suppliers), making (manufacturing), delivering and returns. Traditionally, supply chain management was a top-down approach. Below we outline four strategies to improve supply chain efficiency for manufacturing business owners. Partner with your current suppliers. Here’s how to improve your relationship with your suppliers.

Introducing QAD Adaptive ERP 2020.1

QAD

With this release, QAD has delivered new adaptive manufacturing capabilities to better address tomorrow’s challenges and rapidly respond to disruption in the marketplace. For QAD Adaptive ERP and QAD Adaptive Applications, the latest enhancements include: Effective Enterprise Management.

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. There are many supply chain management lessons to learn from the Covid-19 crisis. Supplier Data Quality & Management in Decision Making. It may be the most basic level, but data management may also be the most daunting for some organizations.

5 Ways to Go Beyond The Manufacturing Valley of Death

Insights Solutions Global

Poor supply chain management and NPI process are the major causes of death of many businesses. The post 5 Ways to Go Beyond The Manufacturing Valley of Death appeared first on Insight Solutions Global. Supplier Management Supplier SourcingBut the good news is, you can always keep on eye on the 5 areas listed here to avoid the final destination.

Manufacturers bouncing back after COVID using low-code technology

TrackVia

The COVID-19 pandemic continues impacting manufacturers in an unprecedented way, globally hitting demand, supply, and workforce at the same time. The global manufacturing and supply chain ecosystems have been among the hardest-hit sectors by the COVID-19 pandemic.

Collaboration Will Drive Future Sourcing and Supplier Management Success

ivalua

Historically, if you asked sourcing leaders to name the one competency they felt they needed their procurement and sourcing teams to master in order to achieve ongoing sourcing and supplier management success, most would likely have said negotiation skills. And as time passed, this critical talent has evolved well beyond the ability to squeeze vendors and suppliers down to the lowest price. But collaboration is not reserved for suppliers.

4 Ways to Lift Manufacturing Productivity: The MFP Approach

Unleashed

The issue is also particularly bad for manufacturers. According to the ONS , in the year to December 2019, UK manufacturers became 1.6% And more to the point, how can an individual manufacturing firm – in the UK or elsewhere – lift their own productivity performance? From there, a four-part strategy for boosting manufacturing productivity becomes clear. By looking closely at each of these, the task of lifting productivity becomes manageable.

Key trends in the vitamin and supplement industry: 2021 report

Unleashed

The vitamin and supplement industry manufactures and sells goods to support dietary requirements, including products to complement health and fitness regimes. Rising numbers of obese Australians are also driving sales of weight management products.

The Secret to Effective Supplier Onboarding – Tiering 

ivalua

One size does not fit all when it comes to supplier onboarding. Best practices have evolved to a tiered approach that segments suppliers and adapts to dynamic business needs. . A tiered approach to supplier onboarding helps Sourcing and Procurement leaders develop a sensible list of checks and resources. Among other things, this prevents redundancies when suppliers get asked the same questions by multiple departments. . Onboarding High-Value Suppliers.

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

ivalua

Afrika Morris, Senior Field Marketing Manager UKI at Ivalua. F1 Veteran, Mark Gallagher highlighting the impact of supplier innovations on pit stops – resulting in team success. Adopt a Collaborative Approach – Embrace suppliers as partners, not vendors. If you are successful, your suppliers will be successful, and vice versa. Source the right suppliers and set a good foundation from the first steps to build trust and foster innovation.

Solving the Procurement Data Dilemma: Using supplier data to drive successful relationships

HICX Solutions

Richard is professor and chair in Supply Chain Strategy at Cranfield University and has had a very distinguished career, both in Procurement and supply chain management. It’s also about knowing where their manufacturing facilities are, and the flows across the supply chain.

Data 52

Solving the Procurement Data Dilemma: Using supplier data to drive successful relationships

HICX Solutions

Richard is professor and chair in Supply Chain Strategy at Cranfield University and has had a very distinguished career, both in Procurement and supply chain management. It’s also about knowing where their manufacturing facilities are, and the flows across the supply chain.

Data 52

Hitting The Brakes On Out Of Control Supplier Master Data W/ Cyrille Naux

ivalua

Managing Director, Art of Procurement. If this foundation does not exist or if it is shaky, then buyers don’t know how much the company is spending with a given supplier, let alone how they can improve the efficiency or impact of a given spend category. While I was at the Ivalua NOW event in Paris, I interviewed Cyrille Naux, Purchasing and Supply Chain Vice-President at Chassis Brakes International, a multinational manufacturer of automotive brakes and brake components.

Manufacturers Must Seek Better Supply Chain Visibility

ivalua

For manufacturers, key functions such as sourcing and supplier management have become more challenging as the result of increasing supply chain complexity. One area that manufacturers need to focus on is improving supply chain visibility. Unfortunately for manufacturers, there are many areas in need of improved visibility such as customer demand, inventory, total cost, and supplier risk. Visibility into supplier capacity.

Three ways supplier collaboration creates real value for manufacturers

ivalua

The term “supplier collaboration” can mean many things to many people depending on your functional perspective. Let’s examine three ways that better collaboration with supply partners creates value for a manufacturer from product design through demand planning. If you work in product design or engineering, supplier collaboration is focused on integrating strategic suppliers into your product innovation efforts.

Supply Chain and Risk Management Software

EC Sourcing Group

In that case, they are essentially the preparation and processing of a demand needed to manufacture a good or end process that is meant for a consumer. Read on to learn about supplier audit management software and supply chain and risk management software and what they do.

How Can Manufacturers Manage Disruption and Improve Productivity?

Halo

By using advanced analytics for manufacturing, to understand the valuable information concealed within data they already have! Most manufacturers have already made the easiest and most obvious changes to improve their operations, leveraging traditional methods to boost their own productivity and simultaneously create a more dependable supply chain. Therefore, manufacturers must continually look for new ways to improve the productivity and profitability of their operations.

What Makes a Supplier “Strategic”? Not Spend Volume.

Jaggaer

The recent disruptions to supply chains caused by the coronavirus epidemic in China have given supply managers the world over pause for thought. Leverage your supplier management for maximum benefit with the white paper: How to Achieve Holistic Supplier Management. Strategic Supplier Management. Supplier ecosystems are increasingly diverse. Strategizing for a diverse range of suppliers. Holistic Supplier Management.

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Stop Settling!

ivalua

In this era of purpose-built solutions there is no reason to settle for direct materials sourcing and supplier management technology that is: Good enough because it’s an integrated module sold with an ERP system Close enough because it’s really built for indirect spend management Useful enough because it’s a spreadsheet-and-email managed process Yes, you can usually get the job done with any of these approaches, but you will sacrifice productivity and the results will be mixed at best.

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Solving the Procurement Data Dilemma: The future of technology in Procurement

HICX Solutions

So, if we think about low value or low risk spend, these bots are able to interact and negotiate in a simple way with suppliers, to deliver value.”. Nic points out that much of our focus today is on the tier one, or most significant suppliers.

Three Ways Supplier Collaboration Creates Real Value for Manufacturers

ivalua

The term “supplier collaboration” can mean many things to many people depending on your functional perspective. Let’s examine three ways that better collaboration with supply partners creates value for a manufacturer from product design through demand planning. If you work in product design or engineering, supplier collaboration is focused on integrating strategic suppliers into your product innovation efforts. Blog Supplier Collaboration

Every Manufacturer Should Ask… What’s in Our Risk Register?

ivalua

In the world of supplier management, the risk register is becoming a prominent and high profile tool for manufacturers. The risk register is an active, fluid database that needs to be integrated into all supplier management and sourcing activities. First, determine the specific decisions and actions the risk register will have the biggest impact on, such as: Awarding, expanding, and reducing the amount of business with a particular supplier.

Solving the Procurement Data Dilemma: The future of technology in Procurement

HICX Solutions

So, if we think about low value or low risk spend, these bots are able to interact and negotiate in a simple way with suppliers, to deliver value.”. Nic points out that much of our focus today is on the tier one, or most significant suppliers.

How Can Manufacturers Manage Disruption and Improve Productivity?

Halo

By using advanced analytics for manufacturing, to understand the valuable information concealed within data they already have! Most manufacturers have already made the easiest and most obvious changes to improve their operations, leveraging traditional methods to boost their own productivity and simultaneously create a more dependable supply chain. Therefore, manufacturers must continually look for new ways to improve the productivity and profitability of their operations.

What Is eSourcing in Supply Chain Management?

EC Sourcing Group

What Is eSourcing in Supply Chain Management? When you think about the supply chain, you’re thinking about the entire process from start to finish when it comes to creating a good, while procurement is only one small part of the supply chain—essentially working with suppliers and internal stakeholders to procure and attain goods and services in a timely fashion for manufacture (or for other means) that are the best fit for the organization. . supplier relationship management.

Coronavirus Highlights Fragility of Global Supply Networks

Jaggaer

Since 2004 the city of Wuhan, at the center of the outbreak and in lockdown since January 23, has been a focal point of the Rise of Central China Plan, making it one of the country’s key inland hubs for advanced manufacturing. Other manufacturing hubs in China, particularly in Hubei province, have also been badly hit by the coronavirus outbreak. . In the auto industry, China is the world’s major supplier of parts. Supplier Management Supply Chain Uncategorized

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DIFOT: A Metric of Supplier Performance

Unleashed

It can be used to measure supplier performance so that you can easily and quickly get a feel for which suppliers are consistently reliable in their supply and which either do not deliver in full or are perpetually late in delivery. When it comes time to reassess the approved supplier list, then you can use these metrics to disqualify problematic suppliers and improve your own performance and supply chain. Measure supplier performance.

Identifying and Mitigating Supply Chain Risk in the Age of COVID-19

Jaggaer

To learn more about how supplier management can help navigate turbulent times, download our Holistic Supplier Management whitepaper. How can we look at s upply c hain risk management more critically ami d COVID -19 , and react quickly ? Starting with t ravel & t ourism , every single supply chain from healthcare to manufactured goods and retail has been profoundly impacted. . Supplier Management

Marion Kohlmeier: ‘Expansion in our global footprint has been a big step’

Supply Chain Movement

We also negotiate and develop packaging concepts together with our customers and suppliers. This team is available throughout the project to ensure that all customer demands are considered, keeping track on production requirements and purchase orders placed at suppliers. In my supply chain management department the focus is certainly on operational excellence but for the company as a whole we focus on product leadership.