Optimizing Direct Procurement and the Inbound Supply Chain
The Network Effect
AUGUST 27, 2020
The post Optimizing Direct Procurement and the Inbound Supply Chain appeared first on The Network Effect.
The Power of the Network: ERP vs. Spend Management
Logistics Viewpoints
AUGUST 15, 2022
GEP and the North Carolina State University (NCSU) Supply Chain Resource Cooperative surveyed supply chain, procurement and IT professionals across a range of industries to gain insight into their priorities and strategies regarding supply chain resilience and optimization. Business Spend Management Solutions are Networked .
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Get Ready for Success! 4 Critical Workstreams for Successful Procurement Implementation
ivalua
JUNE 14, 2023
We recommend leveraging these workstreams, based on Gartner’s 4 Workstreams for Successful Implementation of Any Procurement Application to maximize the impact of your next large-scale procurement implementation: 1. Ivalua Spend Management Insights [ivory-search] Get Ready for Success!
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Disruption in Supply Networks – How intelligent network platforms optimize for variability and uncertainty
The Logistics & Supply Chain Management Society
JULY 14, 2021
We’re looking for business value, and that ultimately comes from solving endemic business problems in your supply network. A big part of the problem is that today’s enterprise-centric software was never really designed for business operations across today’s complex business networks. Multiparty Business Networks.
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What Is Transportation Optimization and What Does It Have to Do With Managed Transportation
GlobalTranz
JULY 28, 2021
There are many working parts, network partners, and opportunities for things to go wrong that some are often overlooked. Additional opportunities can be reached through transportation optimization whether using a 3PL or 4PL. Defining Transportation Optimization.
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The One Key Shift in Your Supply Chain and Procurement Strategies that can Drive Better Business Continuity and Resilience
Logistics Viewpoints
APRIL 6, 2023
Procurement and Supply Chain Management are essential functions that can help companies navigate these challenges, but they are often siloed and operate in separate departments. Their metrics are often misaligned as well – supply chain focuses on service and procurement focuses on the cost of acquiring materials and services.
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Network Visibility and Supply Chain Planning Work Better Together
Logistics Viewpoints
JANUARY 9, 2023
Supply chain practitioners are beginning to understand the same is true for supply chain planning (SCP) and multi-enterprise supply chain network solutions. A multi-enterprise supply chain network provides visibility to upstream and downstream events that can affect a company’s supply chain. MSCN and SCP are better together.
Better Ways to Address Trade-Offs with Supply Chain Optimization
Logistics Viewpoints
MAY 19, 2022
Supply chain optimization has also improved in significant ways that can address these trade-offs better than before. Analytical techniques like linear programming can create the mathematically “optimal” plan, but these methods must be implemented well to avoid creating other challenges. Supply chain optimization for today’s realities.
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Logistics Procurement – Performance Management
The Logistics & Supply Chain Management Society
MARCH 14, 2023
Logistics Procurement – Performance Management by LSCMS Shippers’ Council Shortly after the outset of COVID, in early 2020, supply chains have been disrupted across the globe. Freight procurement is the mainstay of any supply chain professional but price is not the be-all and end-all.
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Procurement and Supply Chain are Smarter Together – Practical Use Cases
Logistics Viewpoints
APRIL 1, 2021
In a previous post , I made a case for how the Chief Supply Chain Officer (CSCO) and Chief Procurement Officer (CPO) are smarter together. Accordingly Supply Chain and Procurement will need continuous collaboration. By aligning supply chain and procurement, spend can be considered more holistically.
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How to Optimize Your Procurement Sourcing Systems
EC Sourcing Group
JULY 13, 2021
How to Optimize Your Procurement Sourcing Systems. Finding the right tools and measures to optimize your procurement sourcing systems is a must. While optimization does rely heavily on procurement sourcing software , there are other ways to optimize the procurement management process.
Consumer Goods: A Formula for Service, Speed, & Brand Success
Logility
AUGUST 31, 2023
Leveraging the inventory planning and optimization solution from Logility , this well-established brand generates trend insights and supports a formal product review process, resulting in a 44% reduction in its SKU portfolio and more meaningful value for its customers.
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The Top 5 Skills Every Procurement Manager Needs
Precoro
AUGUST 14, 2023
More and more companies are acknowledging the importance of centralizing and optimizing their procurement operations. One of the ways to accomplish this is to establish a procurement team to streamline ordering by centralizing purchases and improving supplier relations. What are the duties of a procurement manager?
Why Organizational Alignment is Critical to the Supply Chain Response
Supply Chain Shaman
MAY 15, 2023
We are trying to assess the value of a network in managing contract manufacturing.) One of the alignment gaps that is growing and is unfortunate is the gap between procurement and manufacturing. This gap of 48% between manufacturing and procurement is the highest seen in studies across the decade.
A Long Road Ahead for Procurement Professionals Managing Their Supply Chains
ModusLink Corporation
SEPTEMBER 1, 2023
Procurement experts face transportation costs, customer demands, and high pressure on global container and air freight rates. Supply chain optimization software can help companies navigate challenges, streamline operations, and achieve sustainable success. But what does that mean for future strategies in procurement ?
Crafting a Procurement Management Plan to Mitigate the Impacts of Inflation
Precoro
JANUARY 29, 2024
As the department overseeing an organization's external expenditure, procurement is responsible for softening the impact of inflation. In this article, we will discuss how a robust procurement management plan can help address and mitigate the effects of inflation. Procurement methodology. Objectives and scope.
Strategies, Tips, and Pitfalls of Modern Transportation Procurement
Logistics Viewpoints
FEBRUARY 20, 2020
It is forcing companies to rethink how they plan, optimize, execute, and collaborate with trading partners. The effort to move closer to the customer – by virtually all businesses – means supply chain networks of old must be replaced with more links, more nodes, and smaller, more frequent shipments.
Supply Chain Normalcy? Think Again.
Supply Chain Shaman
APRIL 18, 2023
During the pandemic, companies struggled with planning systems turning off the optimizers, and using the technology as a system of record. In the face of variability, this is two-to-six weeks too long to make allocation or procurement decisions. What Is the Value of A Network? Currently, the cycles are out of balance.
How Firms Use eSourcing to Optimize Their Supply Chain Networks
EC Sourcing Group
JUNE 24, 2020
How Firms Use eSourcing to Optimize Their Supply Chain Networks. eSourcing in the supply chain is a great way to mitigate and optimize networks and to keep them seamlessly flowing without interruption. Read on to learn more about how optimization saves time in eSourcing and how you can use this to your advantage.
Build a Compliant Network with Supply Chain Traceability
Logility
OCTOBER 6, 2021
A supply chain traceability solution provides clear visibility into every tier of your supply network. The ability to identify risks early and accurately provides your business with the information you need to optimize your materials, production processes, and distribution channels. Legal Compliance. Enhanced Business Performance.
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Procurement Synonyms: All The Words You Need to Know in 2023
SCMDOJO
SEPTEMBER 18, 2023
Whether you’re a seasoned procurement professional or just stepping into the world of sourcing and acquisitions, understanding the nuances of procurement synonyms can make all the difference. So, get ready to elevate your communication skills and gain a deeper understanding of the procurement domain.
Arkad S.p.A. Selects Ivalua & PwC To Drive Its Procurement Transformation Journey
ivalua
MAY 11, 2021
has selected Ivalua’s platform to drive its Procurement digital transformation journey with PwC as implementation partner. procurement digital transformation started on December 2020 with the Go-Live of the Ivalua Supplier Management module. in realizing its digital procurement vision.” REDWOOD CITY, Calif.,
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Enhancing Procurement Excellence Through the Power of Negotiation
Procurement Academy
OCTOBER 19, 2023
A crucial part of successful procurement strategies is the art and science of negotiation. Procurement negotiation refers to a buyer (usually from a company) and a seller (usually from a supplier) working together and discussing the likes of pricing, terms, conditions, and other aspects of a procurement contract.
Surge Transportation Extends Real-time Rate and Capacity Options for Shippers in e2open’s Network
E2open
NOVEMBER 15, 2022
Expanded technology partnership enables shippers to optimize logistics and transportation spend in e2open’s Carrier Marketplace AUSTIN, Texas – Nov. E2open’s Carrier Highlight offers all TMS users access to the list of featured transportation providers, even if the carrier is not in the shipper’s network.
How supplier collaboration is changing the game in procurement
Proxima
NOVEMBER 7, 2023
Simon Geale recently sat down with Kodiak Hub to record Feature Frontier, a 20-minute dive into a few things procurement but in particular the importance of supplier collaboration. Collaboration must be up there as one of the most frequently used words in event agendas or strategy presentations in procurement circles.
The Dirty Little Secrets in Procurement!
Supply Chain Game Changer
OCTOBER 28, 2021
Featuring Our 12 Best Procurement Articles! Procurement is a function that is undergoing an exciting transformation in the majority of global value chains; simultaneously, within its own strategy, process, and technology. This is an exciting time to be a procurement practitioner, as well as a vendor of ProcureTech solutions.
ThroughPut Inc. Announces New AI-powered Geospatial Capabilities for Rapid Supply Chain Network Optimization with Dynamic Lead Times ?
ThroughPut
OCTOBER 20, 2022
AI-driven Geospatial Capabilities to Enable Businesses to Avoid Choked and Unprofitable Distribution Routes and Optimize On-Time, In-Full (OTIF) Deliveries. This in turn helps uncover network optimization opportunities, sense demand at the local level, and proactively audit material flow right down to the individual SKU’s.
What is Supply Chain Decision Support? Are We Rearranging Deck Chairs on the Titanic?
Supply Chain Shaman
NOVEMBER 15, 2023
Let’s zoom to the bottom line: the results are less than optimal for all the monies spent and practices deployed. When he speaks of the supply chain, he means procurement. Connect the Output of Supply Chain Planning Supply (planned orders) to Procurement Commodity Management. For this blog post, never mind the comparison.
Do You Need a Graph?
Supply Chain Shaman
MAY 26, 2023
The basic frame of supply chain planning–functional taxonomies for optimization on a relational database–must be redesigned before supply chain leaders can reap the benefit of deep learning, neural networks, and evolving forms of Artificial Intelligence (AI). Graph architectures also use different optimization technologies.
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Are You Caught in Word Salad Dribble?
Supply Chain Shaman
FEBRUARY 1, 2024
Optimization engines to improve functional metric performance resulted in an exploding number of planners. I would prefer for companies to invest in the building of outside-in processes, supply chain design capabilities, and network automation. Reduce Data Latency in Networks. Think past EDI. I liken EDI to old-fashioned mail.
?Best Practices to Improve OTR Transportation
GlobalTranz
NOVEMBER 30, 2021
Analytics provides visibility into your transportation network and operations. Leveraging historical data with current market trends, and layering human review and intervention provides insight into OTR transportation optimization opportunities. Enable Ongoing Route Optimization. OTR transportation optimization?is
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How the procurement role should evolve in the new supply chain
SYSPRO Smarter ERP
MARCH 2, 2022
To deal with the new challenges in managing and planning the supply chain , the procurement department is one of the functions that should look at changing. It is no longer sufficient for procurement to focus just on supplier costs, placing orders and ensuring goods are received. The situation changes with a larger number of suppliers.
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Top Takeaways from Coupa Inspire
Logistics Viewpoints
APRIL 24, 2023
This technology allows businesses to unify their procurement, expense management, invoicing, payments, contract management, and spend analysis processes and reporting. Coupa Introduces a Supply Chain Collaboration Network Solution Coupa has claimed that their platform unifies processes across procurement, finance, and supply chain functions.
Procurement's dirty little secrets
Kodiak Hub
SEPTEMBER 23, 2021
Procurement is a function that is undergoing an exciting transformation in the majority of global value chains; simultaneously, within its own strategy, process, and technology. This is an exciting time to be a procurement practitioner, as well as a vendor of ProcureTech solutions. It’s time to air our dirty laundry.
Electronics Kitting and Assembly with 3PL Solutions
ModusLink Corporation
APRIL 22, 2024
Their expertise in electronic component kitting and assembly can streamline your operations and ensure optimal efficiency. End-to-end management of component procurement, inventory management, and JIT delivery. Dynamic inventory optimization to minimize lead times and reduce costs.
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Procurement: With Great Power Comes Great Responsibility!
Supply Chain Game Changer
MAY 26, 2020
Hey Procurement! ” Procurement organizations can have the power to spend and control as much as 75-80% of a company’s revenue. Less enlightened organizations still think of Procurement as a back office function processing transactional purchase orders and standard contracts. The power of networking was phenomenal.
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These 7 Industrial Procurement Trends will Impact Supply Chain & Logistics in 2018
GlobalTranz
FEBRUARY 27, 2018
Procurement must never be an afterthought in any enterprise. The answers to these questions lie in understanding a few of the top industrial procurement trends to expect in 2018. Companies Will Seek New Ways to Use Technology in Procurement. The global supply chain creates many challenges and opportunities in procurement.
Belcorp’s Supply Chain Gets a Makeover with ToolsGroup’s Supply Chain Planning Solutions
ToolsGroup
FEBRUARY 23, 2023
With ToolsGroup’s suite of planning solutions, the cosmetic company wants to balance inventories and service to make better, smarter and faster decisions within its supply chain network. This required right-sizing inventory levels and improving stock positions throughout its network.
A Radical New Way to Think About Supply Chain Management
Logistics Viewpoints
MAY 16, 2022
ARC has done research and writing on supply chain collaboration networks. A supply chain collaboration network (SCCN) is a key technology for improved collaboration across an extended supply chain. Networked applications have distinctive advantages that other types of solutions lack. But something called ERP 4.0
Locus Listed as Representative Vendor in 2022 Gartner® Market Guide for Supply Chain Network Design Tools
Locus
APRIL 1, 2022
It gives us immense pleasure to announce that Locus has been listed as a Representative Vendor in the 2022 Gartner® Market Guide for Supply Chain Network Design Tools. And network design and optimization are instrumental in bringing about both.
13 Important Roles of Data Analytics in Supply Chain Optimization
SCMDOJO
JUNE 6, 2023
For businesses to succeed, supply chain optimization is essential to succeed. Supply chain optimization can achieve this with the help of data analytics. How does data analytics help supply chain optimization? Both of which are crucial components for an optimized supply chain. Why is it crucial?
Optimizing Liberty Global’s Supply Chain: An Interview with Willem Vesters
AIMMS
DECEMBER 8, 2016
We had the pleasure to speak with Willem Vesters, Liberty Global’s VP Global Supply Chain Planning, to learn more about their optimization journey. At the time, I was setting up a Network Planning team and I was looking for the right supporting technology to build this capability. How did you hear about AIMMS?
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Navigating Market Uncertainty with Sarah Bertram
The Logistics of Logistics
AUGUST 28, 2023
Her supply chain and traditional G&A consulting background bring a unique perspective to clients who must work across their organizations to drive supply chain initiatives with Procurement, IT, Operations, and the C-suite. At DAT, she has been instrumental in growing the shipper practice.
Importance of Supplier Relationships in Indirect Procurement
Synovos
FEBRUARY 21, 2023
Importance of Supplier Relationships in Indirect Procurement Challenging times call for closer relationships between organizations and their MRO suppliers Strong and successful indirect procurement strategies depend on strong and successful supplier relationships. Indirect procurement can be somewhat hidden, though.
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