A Procurement Resolution – Realize Your True Potential

ivalua

For Procurement leaders in particular there couldn’t be a better time to do so. A recent study by the Hackett Group found that only 63% of Procurement organizations have even developed a plan for digital transformation. Alex Saric, Chief Marketing Officer, Ivalua.

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. There are few procurement-specific personality surveys available. Subscribe Here!

7 Ways to Strategically Elevate Freight Procurement

Talking Logistics

In the last decade, many companies, especially those with manufacturing operations, have evolved direct materials sourcing from an administrative function to a strategic procurement process. The embodiment of this transformation is the chief procurement officer, an increasingly common title for executives that strategically source goods and services. As a strategic process, transportation procurement may still seem very tedious and challenging.

The 3 Pillars of Digital Procurement!

Supply Chain Game Changer

Procurement professionals have the same question looming over their head on a daily basis: “How do you plan on dealing with digitalization?”. Regardless of the sheer amount of content one could chose to consume, the theme for the day was apparent and held strong: Digital Procurement.

7 KPIs Your Procurement Team May Be Ignoring!

Supply Chain Game Changer

Procurement bridges the gap between product, internal stakeholders and customers. In order to support the weight of internal and external expectations, Procurement teams must be prepared to perform as a key value adder within an organization. Procurement ROI. Subscribe Here!

Apparel and Footwear Supply Chain Meets Industry 4.0 Adoption

Supply Chain Matters

Apparel and Footwear Supply Chain Internet of Things Manufacturing Strategies Procurement and Sourcing Product Lifecycle Management Supply Chain Strategy Addidas Futurecraft MFG supply chain Addidas supply chain supply chain advancements in footwear manufacturing Supply chain Matters blogThe apparel and footwear industry, one of the earliest adopters of global based, low-cost manufacturing outsourcing is now on the verge of adopting Industry 4.0 supply chain practices.

50th Symposium Procurement and Logistics

Supply Chain Movement

50 th Symposium Procurement and Logistics. Register today and travel to Germany‘s capital to THE meeting place for specialists and managers from purchasing, Supply Chain Management and logistics. More than 2,200 decision-makers from procurement, SCM and logistics.

7 Tips: A Guide to Mastering Procurement

Material Handling & Logistics

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.

EPE – European Procurement Excellence 2016

Supply Chain Movement

EPE – European Procurement Excellence. Providing procurement value in a complex world. In a world in which procurement is emerging as the key value driver for maintaining a company‘s competitive edge, the role of CPO is becoming more strategic.

Procurement Logistics: What Is It & Where Do Logistics Providers Fit In?

Cerasis

Many different terms, such as less-than-truckload (LTL), procurement and transportation management, describe supply chain management processes. Although procurement logistics might sound like it involves the purchasing of manufactured products , it is much more involved. The Definition of Procurement Logistics. The simplest way to think of procurement logistics is the procurement of materials needed to manufacture products. What Is Procurement Management?

Becoming a Valued Busienss Partner: Procurement Analytics SCRC Meeting Insights

NC State SCRC

The December 2015 SCRC meeting was held this week in the brand spanking new Talley Student Center, and was a resounding success. After highlighting some of the results from the IBM study I worked on this past fall on procurement analytics, I introduced Rich Hughes, former Chief Procurement Officer from Procter & Gamble. In streamlining the P2P system, Rick notes that he had to take someone from procurement to go work in AP in finance to fix it.

Procurement Integrity Breach – A Sure Way to Get Fired!

Supply Chain Game Changer

Check out Procurement Outsourcing – Keep your Integrity! I was shaken by the reality that our people, our trusted procurement professionals, were being implicated for fraudulent behavior towards our suppliers. The procurement and engineering teams knew this.

Automotive Component Supply Strategy Meets Sensitized Regulatory Environment

Supply Chain Matters

Automotive Supply Chain Manufacturing Strategies Procurement and Sourcing Product Lifecycle Management Product Quality Service-centered Supply Chains Supplier Management connecting product management with supply chain Honda supply chain linkage of product management and supply chain Supply chain Matters blog supply_chain_matters Toyota supply chain

Challenges Facing Procurement Leaders

Material Handling & Logistics

From limited visibility beyond their tier-one suppliers to teams that don't have the capabilities to deliver on the strategy, procurement officers have their work cut out for them. There’s no doubt that digital is a game-changer in procurement," said Michael Daher, U.S.

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.

10 Tips Shippers Can Use to Reduce Costs in LTL Procurement with Better Request for Pricing Bidding

Cerasis

at Cerasis, we know a thing or two about the nuances of LTL procurement. LTL procurement is something we do very well. So we thought we would impart upon all the shippers out there some tips on how to reduce overall costs for effective LTL Procurement. 10 LTL Procurement Cost Cutting Tips. Saving money on less-than-truckload or LTL procurement is a laudable goal, except when operational problems eclipse savings gains. Logistics LTL ltl procurement

Creating a Sourcing and Procurement Process Plan

Arkieva

What are the key elements of a sourcing and procurement process plan? Creating a sourcing and procurement plan. Three essential steps to creating a sourcing and procurement plan. The typical sourcing and procurement process plan involves a series of steps.

OPTSUM 2015: Where SCM meets Science

Supply Chain Nation

Sreedevi Gannae and Vishal Agarwal from Cognizant provided insight on how predictive analytics is transforming procurement through the five pillars, namely: price forecasting, cost modeling, spend and contract optimization, risk modeling and behavioral analytics.

SCM 101

Asia Pacific Leaders Wrap-up Their Weekend Meeting in Peru and Vow to Continue Trade Alliances

Supply Chain Matters

Procurement and Sourcing Supply Chain Disruption Supply Chain Risk Management Supply Chain Strategy global trade impacts on industry supply chains RCEP Regional Comprehensive Economic Partnership Supply chain Matters blog TPP ratification Trans-Pacific PartnershipThis past weekend, political leaders of the Asia-Pacific Economic Cooperation forum met in Lima Peru to discuss free-trade, and specifically pending ratification of the Trans Pacific Partnership (TPP).

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High Tech CEO’s Meet with the President of China to Gain Favor

Supply Chain Matters

China Supply Chain Strategy High Tech and Consumer Electronics Supply Chain Procurement and Sourcing Product Lifecycle Management Supply Chain Risk Management Supply Chain Strategy Cisco Systems supply chain intellectual property protection product innovation Supply chain Matters blogSupply Chain Matters provides a follow-up to our prior commentary: high tech supply chains- increased risks associated with global access.

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Paving the Way for Sustainable Public Procurement

EcoVadis

Sustainable public procurement can also be beneficial from the economic perspective: It can generate income, reduce costs and promote innovation among domestic producers. National Procurement Standards. ’s In-procurement Magazine Public spending is big business.

Tesla Motors Model 3 Unveil- Product Marketing Meets Supply Chain Realities

Supply Chain Matters

Automotive Supply Chain Procurement and Sourcing Product Lifecycle Management Product Marketing Strategy Supply Chain Execution blog commenting on supply chain management developments Supply chain Matters blog Tesla Motors Model 3 supply chain Tesla Motors supply chainToday marks a product milestone for Tesla Motors, namely the public debut and availability of the new Model 3 SUV targeted for a broader customer base.

Tesla Motors Meets 2015 Delivery Milestones But That Does Not Satisfy All Customers

Supply Chain Matters

Automotive Supply Chain Manufacturing Strategies Procurement and Sourcing Supply Chain Strategy Supply chain Matters blog Tesla Motors supply chainTesla Motors has indicted that it delivered 17,400 vehicles in the fourth quarter of 2015, nearly 50 percent more than the 11,627 vehicles delivered at this same period a year ago. Yet, the bloom is somewhat off the rose when considering certain Tesla customers delivery expectations. Tesla reportedly met its internal goal to deliver […].

The Future of Procurement Is Upon Us. Are You Ready?

ivalua

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.

Procurement Leaders Americas Procurement Conference, 14th – 15th March 2019, Miami

ivalua

We look forward to meeting many of our customers and partners at this prestigious conference, which will be held in Miami in March. Ivalua has been developing Procurement Technology for Nearly 20 years and we work with many customers and partners in North America.

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4 Reasons Procurement Consulting is Supercalifragilisticexpialidocious

AFFLINK

Mary Poppins might not be real, but her deliverables certainly can be – when you hire the right procurement consulting firm. Just as Mary Poppins delivered more than a traditional nanny, today’s procurement consulting firms do a lot more than improve your KPIs.

The State of Supply Chain Trends Part II: AI, Procurement, & the New Lean

Cerasis

From artificial intelligence to refocusing on procurement, the state of supply chain continued to explode throughout 2016, and you need to understand why. For example, the Internet of Things (IoT) may rely on temperature sensors in trucks to identify food spoilages , which can catalyze a diversion of an existing shipment to meet the immediate needs of the consumer affected by spoilage. Procurement’s Role Did Become More Important.

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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.

Interview on Buyer’s Meeting Point BlogTalk Radio: Creating Procurement Value is a Lot of Work!

NC State SCRC

Gerard Chick and I were recently interviewed by Kelly Barner on the Buyer’s Meeting Point Blog Talk Radio yesterday, and this was posted on their site for any interested parties to view. We talked about how procurement needs to think about the five core “game changers” that are going on in the world, including the balance of power, technology, globalization, demographics, and sustainability.

A Great Meeting – Insights on the Future of Procurement from BP, Caterpillar, Duke Energy, and others

Supply Chain View from the Field

We had a series of great presentations this week at the SCRC meeting. His key question at the outset of every strategic supplier meeting: ”How do you view the opportunity of working with us as a partner, given your history with BP?” Ron provided another compelling view on the Future of Procurement, and shared the organization model Duke Energy is using to build their merger activity and integrate a diverse supply base.

Customer Segmentation Meets Continued Labor Unrest in High Volume Manufacturing Regions

Supply Chain Matters

Procurement teams of mid-sized brand owners need to be especially cognizant that labor unrest has become much more prevalent within low-cost manufacturing regions and the implications to less influential customers have greater significance. Supply chains directly associated with up and coming or mid-sized businesses need to be constantly diligent to the effects of a major supply chain disruption, both overt and not so.

Thinking Differently About Procurement: The SCRC Meeting Theme on April 29-30, 2013

Supply Chain View from the Field

Our next SCRC meeting will focus on “The Future of Procurement”, and will be held on April 29-30, at the NC State University Club in Raleigh, NC. An important theme that will be explored at this meeting is around the role of procurement individuals in the future. However, category management may not be the only way to think about how to organize procurement effectively. These and other themes will be issues we explore at this meeting in April.

Supply Chain Matters Founder Bob Ferrari to Speak at Intesource E-Sourcing Innovation Conference

Supply Chain Matters

The role and contribution by procurement to the business is changing rather rapidly. Such trends include more rapid advances in the technology and software applications supporting sourcing and procurement business processes. Meet Bob Ferrari Procurement and Sourcing Service-centered Supply Chains Upcoming Supply Chain Conferences E-Sourcing technology providers Inc.

Sustainable Procurement Goals Top the Agenda at the EcoVadis Scientific Committee Meeting

EcoVadis

Sustainable Procurement Goals and public procurement were among some of the most important topics discussed by the EcoVadis Scientific Committee at a recent annual meeting. Toward Sustainable Public Procurement. .

Procurement Analytics Conferences Feature Emerging of Cognitive Procurement Technologies

NC State SCRC

I had the opportunity to attend a number of exciting events on procurement analytics in the last month. First, I attended a CAPS Research event in RTP on Procurement Analytics, held right down the road at IBM headquarters. I also was able to sit in on numerous user group meetings sharing how companies are using Emptoris capabilities to improve their contract management outcomes.