ivalua

NOVEMBER 26, 2019

In my previous posts, I looked at how to successfully launch a digital transformation and progress to best-in-class Procurement. Most leaders seem to track their progress with metrics such as percent of spend managed and digitization levels, defining best-in-class as being the top quartile or similar high percentage. Stay Flexible.

Optimal Sourcing 130

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 130

Supply Chain Shaman

SEPTEMBER 28, 2022

As a result, companies are writing new case studies through their actions or inaction. In this volatile world, efficient procurement led by a CFO is not the answer. Companies driven by functional metrics struggled: they could not adapt quickly to the higher transportation costs.). Business continuity is the overarching issue.

Manufacturing Procurement 195

Manufacturing Procurement Supply Chain Design Software Network Design Software Supply Chain Planning Software 195

Supply Chain Shaman

MARCH 21, 2024

In my forty years of studying supply chain planning, the groups became larger, but with questionable results. The class discovers the current blackholes of the supply chain (direct procurement and contract manufacturing. Lack of aligned metrics. Surprisingly to most, the work became more efficient and less political.

Inventory Reduction 389

Inventory Reduction Supply Chain Planning Software Cost Reduction Strategies Supply Chain Design Software 389

ivalua

AUGUST 19, 2021

Historically, so much of what Procurement teams did went unnoticed. Of course, over the last few years, the role of Procurement has become more visible, in large part due to broader recognition of the value and closely monitored and tracked performance metrics that are now more mainstream. Here are some of my takeaways.

Optimal Sourcing 130

Optimal Sourcing Metrics Procurement Sourcing Strategies 130

ivalua

SEPTEMBER 14, 2022

The “Supply Continuity – A Visual Spotlight” study, based on research conducted by Forrester Consulting and commissioned by Ivalua, highlights that key challenges remain for organizations aiming to ensure supply continuity, with 30% of respondents saying they suffer from an inability to effectively assess the overall risk across suppliers.

Supply Chain Planning Software 130

Supply Chain Planning Software Inventory Reduction Supply Chain Disruption Supply Chain Software 130

ToolsGroup

SEPTEMBER 25, 2019

September 26, 2019) A new study by ToolsGroup, a global leader in supply chain planning software, and Spinnaker, a supply chain services company, has found that only 7% of companies are reaping the benefits of digital transformation of supply chain planning. BOSTON, Mass. and HOUSTON, Tex.

Supply Chain Planning Software 136

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Supply Chain Software 136

Precoro

MAY 22, 2023

This process, known as IT procurement, requires comprehensive steps with clear objectives and vendor selection criteria to ensure that technology investments align with business goals and yield a return on investment (ROI). This article encompasses the best practices for planning and executing successful IT procurement strategies.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Pricing Training Purchasing Skills 52

EcoVadis

JULY 24, 2019

The 2019 Sustainable Procurement Barometer is here, with some key insights on the current state of sustainable procurement and trends for how organizations around the globe are tackling sustainability in their supply chains. Here are the top trends revealed this year: . A very real and risky compliance trap.

Study 40

Study Sustainability Procurement Trends 40

QAD

SEPTEMBER 22, 2021

This type of software is used by businesses to plan and oversee routine operations, such as supply chain management, manufacturing, services, project management, customer relationship management, risk management, compliance, accounting and procurement. Case Study #1: Noble Biomaterials. Case Study #2: Veoneer.

Case Study 52

Case Study Study Optimal Sourcing Supply Chain Planning Software 52

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

Synovos

FEBRUARY 21, 2023

Improve Operational Efficiency and Eliminate Internal Complexity Through Digital Procurement From better spend visibility to reduced order times and more, can your organization afford to miss out on the benefits of digital procurement? “Any good procurement team needs access to reliable data.”

Optimal Sourcing 52

Optimal Sourcing Sourcing Strategies Procurement Analytics Cost Reduction Strategies 52

NC State SCRC

JULY 27, 2021

I recently spoke at the National Contract Management Association on the subject of human capital in supply chains , and the need for building leadership skills in our procurement and supply chain professionals. ” The study finds that that successful companies: link performance metrics to broader strategic goals.

Negotiating Skills 52

Negotiating Skills Optimal Sourcing Procurement Negotiate Pricing 52

Supply Chain Shaman

OCTOBER 13, 2022

The larger the organization, the more tension with conflicting functional metrics making decisions more difficult. The gap between logistics and procurement; and logistics and customer service increases process latency. Functional metrics need to be abandoned to focus on balanced scorecard outputs. Here is some detail: Planning.

Supply Chain Planning Software 217

Supply Chain Planning Software Modeling Supply and Demand Supply Chain Software 217

GlobalTranz

NOVEMBER 30, 2021

When you track transportation metrics and KPIs like transit time, on-time pickups, and percent of truckload capacity utilized across your carrier partners, you can identify trends and opportunities for streamlined OTR transportation management. Harvard Business Review Analytic Services study?report

Optimal Sourcing 221

Optimal Sourcing Rail Software Transportation Sourcing Strategies 221

Supply Chain Shaman

SEPTEMBER 3, 2018

Over the last six years, we studied the connection between business results (growth, operating margin, inventory turns and Return on Invested Capital (ROIC)) and the link to company characteristics. Reward teams for cross-functional metrics. Focus functional metrics to improving reliability. ” Hau Lee, October 2014.

Supply Chain Planning Software 311

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 311

Logistics Viewpoints

JUNE 29, 2023

PO Collaboration involves close coordination with suppliers to procure materials based on order specifications, tracking delivery timelines, and aligning production schedules to meet customer delivery expectations. It directly affects the bottom line, making it crucial to manage effectively. Nari Viswanathan is currently Sr.

Manufacturing Procurement 185

Manufacturing Procurement Procurement Analytics Material Savings Inventory Reduction 185

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

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. However, he finds hope in how procurement has adjusted in the recent past.

Procurement Analytics 81

Procurement Analytics Agile and Lean Supply Chain Procurement Solutions Procurement 81

Supply Chain Movement

AUGUST 31, 2016

The procurement Summit 2016. Building on the huge success of eWorld Procurement & Supply – which has been running bi-annually in London since 2001 – the new Procurement Summit will bring together 150 purchasing and finance professionals from across the commercial, public and third sectors. Procurement Automation.

Procurement Analytics 60

Procurement Analytics Procurement Solutions Procurement Internet of things 60

Supply Chain Shaman

AUGUST 11, 2014

We have found that supply chain metrics are gnarly and complicated.During In our program, cost avoidance, while desirable, does not count towards the metric. We would not have succeeded without a team effort across R&D, the business leaders, and SC disciplines of engineering, procurement, and manufacturing.

Case Study 286

Case Study Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software 286

QAD

JUNE 6, 2023

Many companies believed collaboration should occur amongst sales forecasting, operations planning and procurement planning teams. After the fallout from these changes, the food company conducted a market research study to understand why these results occurred.

Supply Chain Planning Software 94

Supply Chain Planning Software Supply Chain Planning Scenario Planning S&OP 94

Supply Chain View from the Field

NOVEMBER 6, 2015

12 at 2 PM, based on a study I have been working on with some folks at IBM. The webinar will also include Howard Richman, a colleague I have known for many years, first at Merck, and now working at Citrix as their Chief Procurement Officer. Also joining us will be Michael O’Leary, Director of Procurement Solutions at IBM.

Procurement Analytics 60

Procurement Analytics Procurement Solutions Analytics Software Optimal Sourcing 60

Supply Chain Shaman

MARCH 18, 2018

Snow fell last night as I worked on my last Supply Chain Metrics That Matter report. The concept of the Effective Frontier is that best in class companies align functional metrics to balance growth, cost, inventory and Return on Invested Capital (ROIC) performance while balancing customer service metrics. The Effective Frontier.

Optimal Sourcing 169

Optimal Sourcing Supply Chain Planning Software Supply Chain Optimization Supply Chain Design Software 169

GlobalTranz

OCTOBER 6, 2021

In fact, a recent study , in partnership with Edelman Data & Intelligence, found a broad increased level of confidence from supply chain leaders despite peak season disruptions among those that have successfully implemented data-driven, third-party resources to manage heightened activity levels.

Prescriptive Analytics Software 216

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

HICX Solutions

AUGUST 11, 2021

SXM Webinar Series with Art of Procurement. In the first of a three-part Art of Procurement Live Webinar Series ‘Putting the Supplier Experience at the Forefront of Strategic Procurement’ in partnership with HICX, we focus on how to make the business case for Supplier Experience Management (SXM). . We are discussing them.

Procurement Analytics 52

Procurement Analytics Optimal Sourcing Procurement Solutions Charlotte 52

QAD

JUNE 8, 2023

When QAD hosted a live webinar earlier this year to explore and analyze the challenges that have procurement leadership buzzing these days, the issue of environmental, social and governance (ESG) was a hot topic. These non-financial factors can, in fact, lead to a bigger bottom line. Basically, Michael says, don’t believe the doomsayers.

Waste Reduction 88

Waste Reduction Material Savings Resource Reduction Price Reduction 88

Supply Chain Shaman

FEBRUARY 14, 2022

Forty interviews and two quantitative studies helped me build the model in my mind. Organizations can align to drive value despite the allegiance to functional metrics. As long as companies are motivated by functional metrics, inventory management will be an enigma. Transition functional metrics to focus on reliability.

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

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

Supply Chain Shaman

OCTOBER 1, 2013

OI has been more focused on transactional efficiency, procurement and IT standardization. As I write my new book, Metrics That Matter, I am studying the patterns of corporate performance based on choices in supply chain program execution. It cannot be accurately represented by studying two years, or even three.

Illinois 251

Illinois Waste Reduction Supply Chain Planning Software S&OP 251

EcoVadis

SEPTEMBER 4, 2019

Data from this year’s Sustainable Procurement Barometer shows there’s a clear ROI for moving along the sustainable procurement maturity curve. . Here are a few observations from the study around the variety of methods used today to drive greater levels of performance.

Supply Chain Planning Software 45

Supply Chain Planning Software Optimal Sourcing Modeling Software Supply Chain Software 45

CormSquare

JANUARY 10, 2017

Subsequently, procurement tends to be an afterthought, when it should be approached strategically! Small businesses spend between 40% – 65% of sales revenue on procurement of inputs. Following are the 5 strategies that can help SMEs in nearly any phase of their procurement efforts. Improved Internal Procurement Processes.

Resource Reduction 50

Resource Reduction Cost Reduction Strategies Price Reduction Inventory Reduction 50

Supply Chain Shaman

OCTOBER 8, 2019

The data in Table 1 is from a recent research study. No metric should be measured in isolation, and functional metrics should be replaced with the balanced scorecard metrics shown in Figure 2. To maximize value—price to tangible book, functional metrics need to be reset to focus on reliability. The takeaway?

Supply Chain Design Software 183

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Forecasting 183

Supply Chain Shaman

JULY 30, 2022

” (The use of the term “basics” is usually code for the implementation of Enterprise Resource Planning (ERP) to improve order-to-cash and procure-to-pay.). End-to-End Definition Implementation of enterprise data architectures to improve order-to-cash and procure-to-pay. Background. Investment in control towers.

Supply Chain Design Software 195

Supply Chain Design Software Supply and Demand Supply Chain Planning Software Data 195

Supply Chain View from the Field

AUGUST 22, 2013

A recent interview I conducted with a former Chief Procurement Officer who has worked for over 25 years in procurement in various industries captures what I believe is the true opportunity that exists for supply management executives. Marketing and IT see this to some extent, but not like procurement.

Procurement Analytics 68

Procurement Analytics Negotiating Skills Procurement Purchasing Skills 68

Supply Chain Shaman

JUNE 6, 2013

In research study after study, we see that the greatest challenge to achieving supply chain excellence is the understanding of the supply chain by the leadership team. Closing the gaps happens when there are aligned metrics, clarity of vision and aligned planning processes. Metrics Alignment. They lack cohesion.

Supply Chain Planning Software 278

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Scenario Planning 278

ivalua

FEBRUARY 24, 2021

But procurement organizations often fall into the trap of focusing on short-term cost reduction strategies, and in doing so, fail to reap the benefits of strategic supplier relationships. In some organizations, this task belongs to Procurement, and in others the responsibility lies with the AP team. Inquiry about payment status?

Cost Reduction Strategies 130

Cost Reduction Strategies Resource Reduction Negotiating Skills Optimal Sourcing 130

NC State SCRC

SEPTEMBER 6, 2020

I recently worked on a detailed case study of a successful R&D facility construction project at Gilead Science, one of our SCRC partner companies. In this study we found that deep operational working principles set the foundation for internal and external stakeholder relationship management in the project procurement activity.

Negotiating Skills 52

Negotiating Skills Innovation Optimal Sourcing Case Study 52