HICX Solutions

SEPTEMBER 9, 2021

His expertise is wide-ranging, from supply chain logistics, procurement analytics, and marketing through to innovation. Similar to many thought leaders within procurement and supply chain space, Dave also started working in this area originally by chance. Data: the supply chain’s past, present and future.

Analytics Software 94

Analytics Software Optimal Sourcing Analytics Procurement 94

Supply Chain Shaman

APRIL 26, 2022

Recently, I presented at the Informs Analytics Conference in Houston and challenged companies to “ think out of the box” and define outside-in processes in Supply Chain Planning. Tackling Procurement. The processes of indirect procurement have little in common with direct material sourcing.

Manufacturing Procurement 217

Manufacturing Procurement Optimal Sourcing Supply Chain Planning Software Procurement Analytics 217

Logistics Viewpoints

FEBRUARY 14, 2024

It’s human nature to want to start a new year with new goals—the ever-present new year’s resolutions. Sourcing and procurement comes in close second at 88 percent, followed by innovation at 87 percent. If underlying data models, data governance, and data quality are not reliable, then decisions are questionable.

Supply Chain Planning Software 246

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Scenario Planning 246

SCMDOJO

APRIL 26, 2023

Category management is a procurement strategy that involves grouping similar products or services together into categories and managing them as a single unit. This approach can help organizations streamline their procurement processes, negotiate better deals with suppliers, and ultimately save money.

Procurement Solutions 76

Procurement Solutions Manufacturing Procurement Procurement Analytics Optimal Sourcing 76

Precoro

OCTOBER 2, 2023

The procurement landscape is ever changing, and recently, in contrast to the traditional procure-to-pay platforms, we have seen the emergence of a new type of software solution, intake-to-pay, which is marketed as a more comprehensive solution. But hold on: are we sure that wasn't all possible with procure-to-pay, anyway?

Procurement Solutions 59

Procurement Solutions Procurement Analytics Optimal Sourcing Supply Chain Design Software 59

Unleashed

MARCH 9, 2021

What is procurement? In simple terms business procurement is the process of locating and acquiring goods and services from external sources for the business to use. Procurement activities include planning, sourcing, and negotiation, along with risk management, legal and value analysis. Procurement in 2021 and beyond.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104

NC State SCRC

MAY 30, 2022

The report was published in the last month, and reflects some of the increasing challenges and disparities that exist between procurement and supply chain executives. One of the problems that often emerges in organizations is not only misalignment between procurement and supply chain, but also between senior executives and their managers.

Supply Chain Execution 98

Supply Chain Execution Procurement Analytics Procurement Solutions Optimal Sourcing 98

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

ivalua

MAY 30, 2023

Ivalua Spend Management Insights [ivory-search] 3 Powerful Ways Procurement will Drive the 2030 Saudi Vision Transformation May 30, 2023 | | Procurement Strategy by Sara Omer What is the Saudi Vision 2030 Program? Procurement and supply chain teams will play a crucial role in making this vision a reality.

Manufacturing Procurement 49

Manufacturing Procurement Procurement Solutions Resource Reduction Price Reduction 49

Precoro

MARCH 30, 2022

Strategic Procurement Helps a Business Unleash its Potential. As The Hackett Group discovered, approaching procurement strategically with specific business goals in mind helps achieve a significantly higher ROI. Operational efficiency and cost reduction are among the top procurement priorities for CPOs, according to Deloitte.

Vendor Strategies 52

Vendor Strategies Sourcing Strategies Cost Reduction Strategies Price Reduction 52

HICX Solutions

JANUARY 7, 2022

As we roll into 2022, we would love for Procurement to own the mandate of championing supplier relationships, through three main focus areas: unlocking data, removing friction and unearthing what really makes suppliers tick. Our first wish is for procurement to become the reporting center for all corporate initiatives.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Supply Chain Software Sustainability 52

The Logistics & Supply Chain Management Society

DECEMBER 21, 2021

Wrapping Up the Samsung Webinar Presented by LogiSYM. This webinar was presented by LogiSYM, in collaboration with Samsung Mobility. His experience covers the full Logistics spectrum, from raw material procurement to physical distribution and eventually Customer Service and care, with a strong grounding in Quality and Six Sigma.

Logistics Network Optimization Software 246

Logistics Network Optimization Software Six Sigma Logistics Supply Chain Software 246

Logistics Viewpoints

OCTOBER 10, 2022

in turn, is a boutique procurement consultancy. The main take aways from the presentation earlier this year were the following: The auto industry has made supply chain risk management a priority since the Fukushima nuclear disaster in 2011. This intermediate step is more related to Procurement and supply chain transparency.

Supply Chain Risk Management 223

Supply Chain Risk Management Risk Management Supply Chain Planning Software Supply Chain Software 223

Proxima

MARCH 9, 2022

Certainly, the ‘Long Pandemic’ phase from May 2020 to the end of 2021 presented its challenges. Secondly, as costs are rising, many businesses have also responded to the risks presented by the pandemic and geopolitical tensions by moving parts of their supply chain from a ‘just in time’ model to a ‘just in case’ model.

Procurement Solutions 52

Procurement Solutions Optimal Sourcing Waste Reduction Cost Reduction Strategies 52

Precoro

DECEMBER 11, 2023

As part of the larger procurement process, sourcing involves finding and evaluating suppliers for goods or services that need to be purchased. Strategic sourcing involves the meticulous evaluation of suppliers and the overall procurement process to extract maximum value from both. Create a purchasing process.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

Supply Chain Movement

SEPTEMBER 29, 2023

Carbon calculator During a recent presentation, Christophe Quiquempoix, who is responsible for sustainable procurement and outsourced manufacturing at Schneider Electric worldwide, commented on how many suppliers don’t actually know how to calculate their carbon footprint. “Our

Cost Reduction Strategies 146

Cost Reduction Strategies Material Savings Manufacturing Procurement Sustainability 146

The Logistics & Supply Chain Management Society

FEBRUARY 16, 2022

Samsung Roundtable Presented by LogiSYM. This roundtable was presented by LogiSYM, in collaboration with Samsung Electronics. His experience covers the full Logistics spectrum, from raw material procurement to physical distribution and eventually Customer Service and care, with a strong grounding in Quality and Six Sigma.

Supply Chain Software 244

Supply Chain Software Supply Chain Optimization Optimal Sourcing Six Sigma 244

Jaggaer

DECEMBER 2, 2019

After pulling a few strings, we managed to catch Santa on one of his few coffee breaks at this busy time of year to fire five burning questions at the reigning world champion in procurement. To get a grip on all the orders, I use JAGGAER, a globally recognized for procurement optimization. When does your year start?

Optimal Sourcing 65

Optimal Sourcing Procurement Vendor Strategies Material Savings 65

Precoro

FEBRUARY 26, 2024

For procurement professionals, systemizing and optimizing cost centers is not just a matter of financial management; it's a strategic task for driving efficiency, controlling costs, and enhancing overall performance. Another operational cost center present in virtually every kind of modern company is the IT department.

Optimal Sourcing 105

Optimal Sourcing Cost Reduction Strategies Optimization Software Negotiating Skills 105

Supply Chain Shaman

SEPTEMBER 22, 2022

Companies would be better served to measure plan adherence, plan quality, and process latency and train their planners while saving the time and energy of thinking about lights-out planning. For more on the building of the planning master data layer, reference the ASCM presentation from last week.) Procurement/Buyers Workbench.

Supply Chain Planning Software 405

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Modeling 405

Supply Chain Game Changer

FEBRUARY 16, 2020

Looking back on the training process, our research, strategy, implementation and evaluation methods closely mirrored supplier relationship management and procurement management. A Supplier CoC, and its application, is relative and individual to the organization that plans on implementing one, but should always be present.

Optimal Sourcing 54

Optimal Sourcing Procurement Purchasing Skills Pricing Training 54

The Logistics & Supply Chain Management Society

FEBRUARY 16, 2023

Procurement, activities such as strategic sourcing, are one of the main processes in the supply chains that can generate a positive impact on companies by giving them a competitive advantage in the market. Strategic sourcing can help supply chain leaders identify potential risk factors and develop procurement mitigation plans.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Sourcing Strategies Optimal Sourcing Purchasing Skills 130

ivalua

FEBRUARY 24, 2021

What Will Impact Procurement Processes in 2021? In a recent webinar hosted by Ivalua , Chris Sawchuck, Principal and Global Procurement Advisory Practice Leader from The Hackett Group shared 10 key issues that will have a significant impact on Procurement organizations in 2021.

Supply Chain Transformation 162

Supply Chain Transformation Agile and Lean Supply Chain Supply Chain Design Software Cost Reduction Strategies 162

SCMDOJO

APRIL 3, 2022

Procurement specialists can use eAuctions to engage and negotiate with more vendors utilizing an organized approach which thus eliminates any need for cumbersome one-on-one meetings. Throughout a genuine and collaborative cooperation with business vendors, they produce innovative approaches to current procurement difficulties.

Vendor Strategies 138

Vendor Strategies Negotiating Skills Price Reduction Purchasing Skills 138

SCMDOJO

FEBRUARY 29, 2024

Your supplier may charge you an agreed-upon price, but if the service is unmarked or the merchandise is of poor quality, you won’t be able to meet your savings goals. Most companies rely on on-time delivery, price reduction, and quality service from suppliers to make more profit. How is it possible?

Vendor Strategies 55

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 55

Logistics Viewpoints

AUGUST 22, 2023

The paradigm is shifting from foundational visibility to real-time decision-making, with positive implications for supply chain teams spanning sourcing & procurement, to production, to yard & DC operations and beyond. Some examples: Procurement and Co-manufacturing : What is the impact of inbound transportation issues on materials?

Real-time Visibility 185

Real-time Visibility Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 185

SupplyShift

APRIL 13, 2021

SupplyShift takes a look at three ways that supply chain professionals can drive sustainability through procurement practices. This, in light of recent global issues and advancements, is the perfect time for professionals to normalize sustainable procurement practices. What do we mean by “sustainable procurement practices?”

Optimal Sourcing 52

Optimal Sourcing Sustainability Procurement Supply Chain Strategy 52

SupplyShift

APRIL 13, 2021

SupplyShift takes a look at three ways that supply chain professionals can drive sustainability through procurement practices. This, in light of recent global issues and advancements, is the perfect time for professionals to normalize sustainable procurement practices. What do we mean by “sustainable procurement practices?”.

Optimal Sourcing 52

Optimal Sourcing Sustainability Procurement Supply Chain Strategy 52

AIMMS

OCTOBER 17, 2023

Overlooking sustainability can present substantial revenue risks, while embracing ESG (Environmental, Social, and Governance) principles can unlock a $2.1 Reduce Product Returns: Focus on quality control and accurate demand forecasting to minimize returns which add to carbon emissions and costs. trillion opportunity.

Optimal Sourcing 156

Optimal Sourcing Supply Chain Planning Software Modeling Waste Reduction 156

Supply Chain Game Changer

JANUARY 30, 2019

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. Success is a product of the work done in the present.

Procurement Analytics 56

Procurement Analytics Optimal Sourcing Procurement Negotiating Skills 56

NC State SCRC

JULY 5, 2019

Procurement analytics, which supports decision making in procurement management, typically handles problems and decisions that are related to cost reduction, supplier management, cost modeling, procurement-led innovation, market strategies, supply chain risk, and stakeholder value improvement (Handfield, Jeong, and Choi 2019).

Procurement Analytics 40

Procurement Analytics Optimal Sourcing Analytics Software Procurement Solutions 40

ivalua

MAY 9, 2019

The most fundamental spend categorization in Procurement is the line between direct and indirect spend, but one effort that transcends this split is supplier management. While Procurement might not consider these relationships strategic, they are critical nonetheless. Doug Keeley, Product Marketing Manager, Ivalua. Healthcare.

Supplier Management 145

Supplier Management Manufacturing Procurement Procurement Solutions Optimal Sourcing 145

Arkieva

JANUARY 13, 2017

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. Step 1: Identifying opportunities. A signature of authorization.

Optimal Sourcing 60

Optimal Sourcing Purchasing Skills Sourcing Strategies Procurement Solutions 60

Supply Chain Game Changer

NOVEMBER 22, 2018

Check out What is Virtual Procurement and Why Should You Care? Where is procurement, outsourcing, sourcing, supply chain, and purchasing going? Secondarily, we will include information from other procurement professionals and procurement firms about their experiences, what they forecast, and what they are seeing.

Manufacturing Procurement 63

Manufacturing Procurement Procurement Solutions Optimal Sourcing Procurement Analytics 63

ivalua

JUNE 29, 2021

Supplier diversity programs are something many procurement professionals in the United States (U.S.) have accepted as a key element of procurement. These programs are as familiar to procurement professionals as concepts like spend analysis or category management. Part I: Building Business Cases and Driving Momentum.

Cost Reduction Strategies 162

Cost Reduction Strategies Supply Chain Strategy Strategy Price Mitigation Strategies 162

Proxima

NOVEMBER 21, 2019

According to recent Procurement Leaders research , 40% of category managers are anticipating risk associated with tariffs. How Procurement fits into the equation. This is where Procurement comes in. As this poses quite a lot of questions for businesses, it also presents an interesting opportunity for change and development.

Negotiating Skills 52

Negotiating Skills Negotiate Pricing Price Reduction Resource Reduction 52

ivalua

JUNE 6, 2019

Managing Director, Art of Procurement. Everything procurement delivers – from savings to risk mitigation to value – is predicated on having access to clean, trustworthy data. He gave a keynote presentation about his company’s procurement and supply chain transformation journey – one that is still underway.

Manufacturing Procurement 100

Manufacturing Procurement Sourcing Strategies Optimal Sourcing Data 100