Integrated Supplier Management: Plan, Execute and Adapt

QAD

Integrated Supplier Management is a must – manufacturers are still dealing with the effects of the global chip shortage, the Suez Canal blockage, changing trade policies and other global supply and demand disruptions. Mastering Integrated Supplier Management.

IKEA x Capgemini x Ivalua – Why (carbon) net zero starts in procurement & how to incorporate sustainability elements into your supplier management process?

ivalua

Companies are being pressured on all sides to commit to Net Zero and CPOs should build their Net Zero goals by evaluating sustainability metrics into all aspects of their procurement decisions and processes. SPEAKERS. Ivalua – Oliver Oehmke. Capgemini – Marcel Bach.

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8 Supplier Management Best Practices any bussiness can implement

Precoro

For anyone responsible for procurement in an organisation, supplier management is an inevitable area of responsibility. Poor supplier performance due to the lack of oversight, analytics and clearly defined requirements. Segment your suppliers. Creating Supplier Database.

DIFOT: A Metric of Supplier Performance

Unleashed

Delivery In Full On Time, or DIFOT, is a metric used to analyse how accurate and efficient your supply chain is. 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. Here we highlight some key items to consider: Establish a conversation with your suppliers. Measure supplier performance.

The 10 Procurement Metrics that Matter in 2021

Unleashed

Procurement activities include planning, sourcing, and negotiation, along with risk management, legal and value analysis. This is often managed with the help of supplier management software or inventory management software. On-time delivery: all suppliers.

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?

A Look Into Procurement Metrics Amidst The Pandemic 

ivalua

Ensuring employees are able to easily buy the things they need to do their jobs, flagging high risk suppliers before they become a problem, helping suppliers develop and improve their own practices, ensuring services are not disrupted, supporting small and diverse businesses, etc.

Supplier Risk and Performance Management

ivalua

A checklist guide to getting the most out of your supplier risk management program. The wave of globalization has made businesses more reliant upon their suppliers than ever before. Suppliers are no longer just transactional in nature to be kept at arm’s length.

Scottish Councils Deliver Streamlined Contract and Supplier Management

Jaggaer

B oth councils adopted JAGGAER’s contract lifecycle management software , which complemented their use of (public contracts Scotland) PCS-Tender. The Council made a strategic decision to implement JAGGAER’s contract lifecycle management software across its whole contract portfolio.

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.

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.

Building a Triple A Supply Chain: Ten Tactics That Work

Supply Chain Shaman

At Supply Chain Insights , as we combed through over 9000 quantitative responses on supply chain management from business leaders to understand what drives supply chain excellence in preparation for the Supply Chain Insights Global Summit , in the process, we proved Hau Lee’s theorem in the Famous Harvard Business Review Article, “Triple A Supply Chains.” In planning, the management of cost is easier said that done. Figure 1: Managing Supply Chain Costs.

Supplier Relationship Management: What It Is and How to Improve it?

Unleashed

Supplier relationship management is often referred to as the B2B equivalent of customer relationship management. We’ll define this crucial management concept and explain how you can implement and improve supplier relationship management to leverage business success.

Introducing QAD Adaptive ERP 2021

QAD

For QAD Adaptive ERP and QAD Adaptive Applications, the latest enhancements include: Effective Enterprise Management. Complete Customer Management. Integrated Supplier Management. Scenario Management has been re-engineered to provide a true parallel planning experience.

Supplier Management: The Best-in-Class Approach to Drive Performance

Supply Chain 24/7

This report will examine the comprehensive approach, taken by the Best-in-Class, toward Supplier Management. It begins with supplier selection, followed by establishing and measuring key performance metrics and ends with focusing on visibility with their suppliers to ensure ongoing success

Strategic Supplier Relationship Management – Do’s and Don’ts

Supply Chain Game Changer

Supplier Relationships – Don’t go over to the Dark Side! Shortly after I joined the Commodity/Category Management Procurement organization I was invited to attend the annual Strategic Supplier Awards event. There were Executives from dozens of Suppliers in attendance. The event concluded with award recognition given to Suppliers based on their scoring and standing as being of Strategic value to the company. Virtually no supplier is irreplaceable.

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. Partner with your current suppliers. Current suppliers should play a key role by becoming less of a mere cog in a wheel of a supply chain system and more towards an important partnership to shape the system. Here’s how to improve your relationship with your suppliers.

How to Tell if Your Suppliers are Underperforming

Unleashed

Not all suppliers are created equal: some are better at providing low-cost goods, while others are great at customisation. Some suppliers have optimised for fast-shipping times, and some suppliers focus on high-quality materials. Regardless of whether you make, manage or move products, suppliers are a vital part of your company’s success. Without reliable suppliers, you could be jeopardising with your business model.

WPC 2020: The Mondelez journey to world class digital procurement

HICX Solutions

Last week saw the conclusion of World Procurement Congress 2020 , which was rounded off on the final day with a discussion on supplier experience management. Mondelez sits among a new class of leaders, who are putting supplier experience at the heart of their digital transformation.

Guest Blog Part 2: Start Your eKanban Implementation with Value-stream Mapping and Engaging Your Suppliers

synchrono

Through this guest blog series, my intent is to share some of my experiences implementing supplier quality and Lean manufacturing initiatives by focusing on eKanban systems. Strategies for Getting Suppliers on Board. Some manufacturers experience supplier resistance to a new electronic Kanban solution. This criticism is based on the idea that when a supplier holds the inventory, they hold all the risk. Supplier performance. Monitor your metrics.

A 3-Step Guide: Identifying Underperforming Suppliers

Unleashed

Properly tracking and evaluating supplier performance helps ensure smooth operations and profitability. If a supplier seems to always have an excuse, you’re not wrong in being sceptical if it’s a common occurrence and affects your business schedule. Perhaps it might be that a supplier is never wrong, and you notice their frequent attempts to sidestep responsibility and put the blame on someone else. These are some common signs that you may be working with a bad supplier.

Seven Keys to Scaling your Supplier Scorecarding Program

Logility

A solid supplier scorecarding program can drive big cost savings in the supply chain. Executives know that clear performance metrics are the starting point for supplier management. Yet many companies find data management and sharing a roadblock.

Strategic Procurement: 4 Tactics for Economic Recovery in 2021

ivalua

Procurement’s value became evident, as did the importance of the supplier relationships they had built. As a result of the disruption, cost management and supply chain visibility were suddenly top of mind for executive leadership teams. .

Post Pandemic Inventory Priorities: High Turnover or Extra Inventory?

Supply Chain Game Changer

Most of the pre-pandemic Inventory Management strategies were centred around improving inventory turnover, keeping inventory levels as low as possible, and reducing the amount of cash tied up in inventory. Pre Pandemic Inventory Management Priorities. Inventory Management Headwinds.

What Is Vendor Management

The Supply Chain Journal

ithin the supply chain network, management has a lot to monitor. One of the most critical processes is that of vendor procurement and vendor management. Yes, vendor management is part of supply chain risk management among business partners.

Uncovering the Promise of Artificial Intelligence

QAD

However, barriers continue to exist and technology is not always being used to its full potential, as we learn in a recent article , “How to Outsmart AI Business Challenges” in SCM Now Magazine from the Association for Supply Chain Management.

How to Make the Most of Your Supply Chain Software

OneSCM

We recently sat down with Joe Harris, Product Manager at OneSCM, regarding the ways to make the most of your OneSCM supply chain software. This allows companies to perform any necessary due diligence upon receiving the items, such as returns to suppliers or additional inspections. Serialization maintains the Lot and/or Serial number along with additional details of a particular item so it can be tracked from the Raw material supplier to the end consumer.

What will shape US procurement practices in 2021?

Proxima

Cost optimization remains a key priority for many leaders, but the importance of other aspects of procurement, such as risk management, supplier management, and social value is expected to grow in 2021. COVID-19 posed huge challenges to businesses around the world.

Post-Pandemic Impermanence and 6 Actions to Take Now!

Supply Chain Game Changer

As they manage the supply and demand equation of their own labor markets, they are able to lower labor costs as low as they need to in order to offset domestic U.S. Most supply chains spread their expenditures over the fewest amount of their largest “strategic suppliers”.

Accounts Payable Superheroes, It’s Time to Empower your Suppliers

ivalua

In Accounts Payable, it’s the Supplier inquiry. However, could this interruption by your supplier be turned into an automation opportunity. Bad Supplier Relationship Management is the kryptonite for AP . 6 Steps to empowering your Suppliers .

Groups 130

The Nature Positive Supply Chain!

Supply Chain Game Changer

Clearly these are breakdowns in end to end Supply Chain Management which impact on nature and our environment. Active risk management and mitigation, inclusive of nature related impacts, is essential. Environment Strategy Supply Chain Management SustainabilitySubscribe Here!

Supply Chain Leadership Driving Industry 4.0 & Resilience During Crisis – LogiSYM July 2020

The Logistics & Supply Chain Management Society

This not only triggered demand volatility, but also raised a significant question mark in managers’ minds about the status of demand after the crisis. It is therefore critical to ask how should supply chains be managed during and after crisis to ensure availability?

What Makes a Mature Planning Organization? (Part 2)

Supply Chain Shaman

With the shift of power to the retailer, both have had to add headcount to manage the increased demands for sales to staff account-specific teams to better manage against retailer expectations. Closing the gaps happens when there are aligned metrics, clarity of vision and aligned planning processes. It must be managed as a system. Metrics Alignment. Yesterday, I finished a post on supply chain planning maturity.

What is MRO and Why is it Important?

Supply Chain Game Changer

High spend and highly visible Procurement categories like raw materials, I/T, capital equipment, travel, facilities, large services contracts and more often merit dedicated Commodity Management resource. Why is MRO Management Important? This may not seem like a lot, which is often the reason why it doesn’t get a lot of attention, but what happens when MRO is not managed? How Should MRO be Managed? Proactive inventory management is essential.

Who Needs Quality Management?

Oracle SCM

Accordingly, in many companies Quality Management has been addressed already - but with an approach that does not lead to success: It’s typical for a large organization to have implemented multiple quality management processes, data models, and applications over time. With such an approach, companies are working in a sub-optimal manner, and then start to face these types of challenges: - Quality metrics are either not available or are incomplete. -