Improving on Strategic Sourcing

Logistics Viewpoints

These days, sourcing has become a common discipline in supply chain and transportation management. There is an organizational expectation that transportation modes will be sourced and cost will be taken out of the network with some regularity. However, meeting these expectations while maintaining service year-over-year has become more challenging. Procurement/Sourcing Transportation Management Systems transportation management system transportation sourcing

What Does “Good” Look Like: Strategic Sourcing

ivalua

So what does “good” strategic sourcing look like? The primary difference between Strategic Sourcing and “good” Strategic Sourcing is contextualized flexibility. Procurement must be able to apply the general principals of Strategic Sourcing in a way specific enough to maximize the value of each spend category. If Procurement follows a Strategic Sourcing process flow like a checklist, then all Strategic Sourcing projects will start and end in the same way.

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Meeting the Outsourcing Challenge

OneSCM

We expect outsourcing to grow and become an increasing source of specialized expertise and capabilities, differentiation, and innovation … not just technology innovation, but also innovation in processes, business models, financial relationships, and inter-enterprise integration. The post Meeting the Outsourcing Challenge appeared first on TAKE Supply Chain. A survey of manufacturers, distributors, and retailers, and outsourced manufacturing and logistics services providers.

Is Single Sourcing, or Sole Sourcing, Dead?

Supply Chain Game Changer

In many cases the use of single sourcing, or sole sourcing, Procurement strategies has limited the ability for Supply Chains to access alternate sources of supply and more rapidly support higher than normal demand levels. As we progress through and past the pandemic, is it time for Procurement to adopt parallel Supply Chain strategies, such as dual sourcing, and limit or abandon single sourcing and sole sourcing? What is Single Sourcing or Sole Sourcing?

Transportation Sourcing in an Omni-channel World

Talking Logistics

Unfortunately, many retailers are jumping in without a plan — that is, they are taking a short-term, silo’ed approach to transportation sourcing and execution, and as a result, are failing to meet their desired outcomes. Also, is multi-functional engagement important and, how does omni-channel impact transportation sourcing? The post Transportation Sourcing in an Omni-channel World appeared first on Talking Logistics with Adrian Gonzalez.

Pacific Drilling Selects Consus & Ivalua to Drive Sourcing Best Practices Globally

ivalua

New York, NY April 2, 2019 – Consus Global , a leading Procurement services provider and Ivalua, the leading global Spend Management Cloud provider, today announced that Pacific Drilling , a deep water drilling company based in Houston, has selected Consus’ services in conjunction with Ivalua’s Sourcing platform to achieve cost savings and drive transparency across their sourcing operations. Sourcing consus global e-sourcing source to pay sourcing

Is “In-Sourcing” the Answer to Rigid, Enterprise Software?

The Network Effect

As I mentioned in a recent post, Total Disruption on the Horizon , many companies are becoming increasingly disillusioned with traditional enterprise software, because it is inherently enterprise-centric, and can not adapt to meet the challenges of today’s supply chain and consumer behavior. In a recent CIO magazine interview, Target CIO Mike McNamara discusses some of these frustrations, and Target’s $1 billion plan to meet them.

The Top 5 Reasons You Need a Transportation Sourcing Solution

Talking Logistics

However, if your role is managing the movement of widgets from point A to point B, or multiple points, the freight procurement task before you can be labor intensive and time consuming — unless you use a technology solution specifically designed for transportation sourcing. Here are the top five reasons you need a transportation sourcing solution: 1. Freight sourcing is as unique and complex as the transportation industry itself.

Don’t Jump In Without a Plan: Transportation Sourcing in an Omni-channel World

Talking Logistics

But many retailers are jumping in without a plan — that is, they are taking a short-term, siloed approach to transportation sourcing and execution, and as a result, are failing to meet their desired outcomes. How does omni-channel impact transportation sourcing? The post Don’t Jump In Without a Plan: Transportation Sourcing in an Omni-channel World appeared first on Talking Logistics with Adrian Gonzalez. Live Episode: Tuesday, January 20, 2015 at 12:00 ET.

Stepping Forward to Meet Opportunity

Supply Chain Nation

He’s my exercise, relaxation and a source of constant learning. I’ve had incredible opportunities to be part of some fantastic initiatives, to meet and work with some outstanding people, and travel to places I wouldn’t have otherwise been to. Life is what you make it and I’m a firm believer that we need to step forward to meet opportunity. The post Stepping Forward to Meet Opportunity appeared first on Supply Chain Nation Blog.

What Happens when Technology Meets Transparency?

Descartes

By adapting technology, companies are able to better identify sources of raw materials, increase accountability, and evaluate individual suppliers. The post What Happens when Technology Meets Transparency? One of the not-so-simple problems that plague global supply chains is transparency. Thanks to tracking sensors, mobile phones and cloud software platforms, companies have the tools to increase transparency, operational efficiency, and product traceability.

A Tale of Two Procurement Books: Cox’s Sourcing Portfolio Analysis (Cox) & Strategic Sourcing in the New Economy (Keith et al.)

Supply Chain View from the Field

Each book represents a different perspective, and thus provide a representation of the current debate going on in procurement strategy meetings around the globe. Andrew Cox’s new book “Sourcing Portfolio Analysis” represents the more traditional “power-based” view of procurement. In fact, the subtitle for the book, “Power Positioning Tools for Category Management and Strategic Sourcing” gives it all away. Vested is a Sourcing Business Model in.

What Happens when Internet of Things Meets Open Source

Descartes

This, and so much more, is possible with open source. At the present time, many businesses use open source software due to a number of reasons. Some of them are even more valuable – including security, quality, The post What Happens when Internet of Things Meets Open Source appeared first on Appterra. Blog Internet of Things Open-sourceImagine your appliances being able to communicate with other Internet-connected devices.

The Pros and Cons: International and Domestic Sourcing

Unleashed

It’s easy to oversimplify the differences between sourcing for parts locally or internationally. When considering where to purchase from, the prevailing idea seems to be that domestic sourcing allows for better control and shorter lead time, but international sourcing is more cost-effective. Let’s compare the strengths and weaknesses of both international and domestic sourcing options. International Sourcing. Reaping the benefits of international sourcing.

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

ivalua

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. In manufacturing, it is the strategic sourcing group that finds the best component parts for new product introductions. This problem appears to be the result of sourcing choices.

Why OmniChannel Solutions are Needed in Shipping & Logistics to Meet Consumer Demand

Cerasis

They are aware of what’s happening in the world more than any civilization throughout history due to social media, and they will be the source for future positions within shipping and logistics providers. Twitter Facebook Google+ LinkedIn The post Why OmniChannel Solutions are Needed in Shipping & Logistics to Meet Consumer Demand appeared first on Transportation Management Company | Cerasis.

Creating a Sourcing and Procurement Process Plan

Arkieva

What are the key elements of a sourcing and procurement process plan? Strategic sourcing is a fact based and systematic approach that organizations use to optimize the management of their supply chain. Creating a sourcing and procurement plan. Whether you’re creating a local or international sourcing plan, it is vital that the created plan ensures: Delivery of the benefits identified in the strategy when required; and in a way, that meets the business need.

Five Tips on Sourcing Products From China

EMERGE App

Google a phrase like “sourcing products from China” and you’ll instantly be faced by almost 39 million results! You need to source for products to sell at wholesale prices to your retail customers. And the place to source for most, if not all, of your products is in China. This blog post doesn’t aim to be the ultimate guide to sourcing goods from China. I like to start with a broad-based search at Alibaba and Global Sources. Introduction.

Meet the New Convenience Store Shopper

Supply Chain Nation

Once a specialty source for gasoline, cold beverages and prepackaged, shelf-stable foods, now convenience stores have evolved into much more. Anticipating, and Meeting, Local Consumer Needs. Next, it considers external factors at the level of the individual store — including shopper demographics, emerging trends, upcoming regional events, nearby competitors, and local sourcing options for fresh and prepared foods.

COVID-19: Implications on inventory planning, sourcing and procurement

EFT

Can they meet demand in the future? Can they meet demand in the future? We need to look at alternative sources of procurement, of production, alternative factories, alternative countries. This started with a decision to “form a COVID-19 steering committee, where we meet every single day for half an hour and take the fast decisions for any issues that come up on a daily basis.

Sourcing Tips: How to Find the Right Food Service Supplies

AFFLINK

Walk-in freezers, ranges, ovens, and other commercial appliances will need to be purchased to consistently prepare food fast — and to meet health inspections. Make a comprehensive list of the equipment that you need before you begin sourcing these items. Many restaurants go through a separate distributor for their regular food items and baked goods, as they can source baked goods locally that are fresher.

Optimizing Retail Supply Chains to Meet Demand and Reduce Costs

CH Robinson Transportfolio

It’s no secret that retail supply chains can be particularly complex; trying to continuously meet changing consumer demands while also driving growth can result in missed opportunities to manage cost and drive efficiency. The post Optimizing Retail Supply Chains to Meet Demand and Reduce Costs appeared first on Transportfolio.

Optimizing Retail Supply Chains to Meet Demand and Reduce Costs

CH Robinson Transportfolio

It’s no secret that retail supply chains can be particularly complex; trying to continuously meet changing consumer demands while also driving growth can result in missed opportunities to manage cost and drive efficiency. The post Optimizing Retail Supply Chains to Meet Demand and Reduce Costs appeared first on Transportfolio. Food and Beverage Produce Sourcing Supply Chain Food service Managed Procurement Services MPS Produce Produce Industry produce logistics

Supply Chain Brain Q&A: Future of AI for Strategic Sourcing

LevaData

Richard Barnett, LevaData’s VP of Marketing and Alliances sat down with Supply Chain Brain to discuss AI’s growing role in strategic sourcing. Supply Chain Brain has the full interview , which covered a variety of sourcing-related technology topics: A growing role for AI suggests that managers will be forced to either adopt cognitive sourcing technology, or find themselves left behind.

SCRC Meeting: Closing the Gap Between Marketing and Procurement

NC State SCRC

Our upcoming SCRC meeting on April 25 will explore a topic that has been top of mind for me and several other people for some time. To give you a clue as to what this is about, consider the typical sessions you see at, for instance, the ISM meeting, that I plan on attending this year. Our upcoming SCRC meeting will capture insights from multiple individuals who will share perspectives on this subject.

Throw Back Thursday: Remembering ‘Meeting Customer Demand in a Complex Industry’ from Kinexions

Kinaxis

Today I’d like to share the interview on ‘Meeting Customer Demand in a Complex Industry’ at Kinexions. The challenge is becoming even more daunting as Kennametal moves into the developing world, its most promising source of new business. Kennametal strives to meet customer demand for customized products, while also manufacturing to stock. by Melissa Clow Kinexions is in 26 days! As we countdown the days, I’m remembering our fascinating customer videos.

Meet the New Convenience Store Shopper

Supply Chain Nation

Once a specialty source for gasoline, cold beverages and prepackaged, shelf-stable foods, now convenience stores have evolved into much more. Anticipating, and Meeting, Local Consumer Needs. Next, it considers external factors at the level of the individual store — including shopper demographics, emerging trends, upcoming regional events, nearby competitors, and local sourcing options for fresh and prepared foods.

Meeting the Demands of a Multichannel Pricing Strategy

Unleashed

Online inventory management is one of the many tools available to assist in meeting the demands of multichannel operations. With an online inventory management system at the heart of the business, it becomes a reliable source of accurate data. The post Meeting the Demands of a Multichannel Pricing Strategy appeared first on Unleashed Software. Multichannel retailing is a set of activities concerned with selling goods or services to consumers through more than one channel.

Operational Analytics and A Modern Data Hub Help Suppliers Meet Walmart’s OTIF Standards

Silvon Software

Globalization is also complicating OTIF because many manufacturers operate their sourcing, production and distribution systems around the world – making it more difficult for them to accurately predict their service levels. As a result, demand forecasting miscalculations, raw materials and finished goods inventory shortages, manufacturing interruptions and transportation delays can wreak havoc on their ability to meet OTIF standards.

Change Management in Moving from Tactical to Strategic Sourcing

Supply Chain View from the Field

I had the opportunity to host a panel of Chief Procurement Officers at the Zycus Horizons 2015 meeting on October 5, 2015, on the subject of the journey organizations take in moving from tactical to strategic sourcing. We are moving to a model where we focus less on the tactical things and the strategic sourcing, and are looking at revenue drivers around innovation to create a more sustainable model.

Ivalua Recongized for Procurement Excellence at Future of Sourcing Awards

ivalua

11, 2019 /PRNewswire/ — Ivalua, a global leader in spend management , today announced that it was selected as the winner of both the Innovations in Third Party Management and Innovations in Digitization awards, presented at the Future of Sourcing Awards event in Carlsbad, CA. Fannie Mae has undertaken a multi-year digital transformation of its complete source-to-pay process to improve efficiency, mitigate risk and ensure transparency. SOURCE Ivalua.

Ivalua Cited as a ‘Leader’ in Source-to-Contract Technology by Independent Research Firm

ivalua

in “ The Forrester Wave™: Source-to-Contract Suites, Q4 2019.” Ivalua is now the only vendor positioned as a Leader in four separate reports — the Gartner Magic Quadrant for Strategic Sourcing Application Suites, Gartner Magic Quadrant for Procure-to-Pay Suites, The Forrester Wave™: eProcurement Platforms, Q4 2019 and this report. Ivalua’s Source-to-Contract suite helps us better manage our spend and suppliers to deliver continuous improvements in these areas.

From Greater Production Traceability to Combating Biodiversity Loss and Meeting UN Sustainable Development Goal 15

EcoVadis

Earlier this year, Unilever became the first consumer goods company to publicly disclose the suppliers and mills it sources from. Human interference in natural habitats has put the biological diversity of our planet at risk. According to the United Nations Convention on Biological Diversity, 150 species are lost every day, which represents 10 percent of animals per decade. Furthermore, the UN estimates the proportion of land area covered by forest decreased from 31.6

Meeting the Needs of Shippers’ Global Supply Chains

CH Robinson Logistics

Meeting the Needs of Shippers’ Global Supply Chains | Transportfolio. Meeting the Needs of Shippers’ Global Supply Chains | Transportfolio. Your organization may not ship product across the globe, but chances are you source from other countries. The post Meeting the Needs of Shippers’ Global Supply Chains appeared first on Transportfolio. I’ve worked in the logistics industry for over 20 years. Lately I’ve been thinking about how C.H.

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 noted that “Merger was almost a lab to compare and contrast different models – and was there a really good sourcing model that would work in each business?”