Why Supply Chain Managers & Procurement Should Collaborate

Cerasis

The roles of logistics and procurement in an efficient supply chain cannot be overstated. According to Paul Myerson , reports Industry Week, up 70 percent of a company’s costs come from procurement and logistics operations. However, both logistics and procurement often become isolated in modern companies, resulting in inefficient practices and a sluggish production value. So, why do supply chain managers not take advantage of this data with respect to procurement?

10 Key Logistics & Procurement Supply Chain Practices to Know and Master to Reduce Spend.

Cerasis

However, following these 10 practices can help you learn how to reduce spend in the procurement supply chain. As a result, an external benchmarking tool , explains Olga Rissin of CHAINalytics , offers the benefits of reducing internal spend and accessing outside data, which further drives competitive advantage and lower spend in managing the procurement supply chain. Cloud-based systems offer many benefits throughout the procurement supply chain, reports Procurious HQ.

These 7 Industrial Procurement Trends will Impact Supply Chain & Logistics in 2018

Cerasis

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. As with many other topics affecting industry trends in the transportation, trucking and manufacturing industries, companies are looking for ways to increase the use of technology in procurement, explains Melissa Deleen of LinkedIn.

How to Procure Full Truckloads in Tight Capacity

Cerasis

These rates will have natural implications for smaller shippers seeking to lower overall transportation and freight spend, and paired with a “blurred lines between peak shipping and shopping seasons,” shippers will experience increasing trouble when trying to procure full truckload capacity. The Solution: Shippers Must Use Out-of-the-LTL-Box Strategies Shippers must take a more strategic approach to truckload procurement, explains CH Robinson via Supply Chain 24/7.

The 4 Stages of Supply Chain Analytics

procurement officers believe the quality of data is a major barrier, and the. chain design, procurement, and transportation with greater precision and will. Supply Chain Data Maturity A Guide to Transformation. How Mature is Your Supply Chain?

The procurement Summit 2016

Supply Chain Movement

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.

eWorld Procurement & Supply 2016

Supply Chain Movement

eWorld Procurement & Supply. The Leading Bi-Annual Event for Procurement Innovation. Procurement Automation. Internet of Things (the impact on procurement). Procurement Advocacy and Stakeholder Engagement. Getting to Grips with Cloud-Based Procurement.

Data Sharing in Procurement – Think Bigger!

Inventory and Supply Chain Optimization

The amount of time that users spend on Facebook declined by 50 million hours… Procurement Management Supply Chain Management procurement procurement planningCollecting data is part of what makes the big players like Google and Facebook so successful.

Transportation Procurement in India

CHAINalytics

By Linsa Godwin Sathiamoses | Consultant, Transportation, Chainalytics | Procuring transportation services is an important activity on the supply chain calendar. It is also one area where every procurement manager thinks he or she is doing a good job, until proven otherwise.

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eWorld Procurement & Supply September 2016

Supply Chain Movement

eWorld Procurement & Supply. The Leading Bi-Annual Event for Procurement Innovation. Since 2001, eWorld Procurement & Supply has provided a unique insight into the latest innovations and technologies for senior procurement, supply chain and finance executives.

Procurement Strategy Beyond Savings

APICS

Procurement has been a key part of supply chain management for decades. Here, we have experienced some resistance to the procurement movement, typically stemming from a lack of understanding However, the concept is a relatively new trend for law firms — the sector in which I work.

Procurement and Suppliers on the Same Page: How to Craft an Effective Terms & Conditions Sales Document

Cerasis

Editor's Note: Today's blog is the second part of Chuck Intrieri's series on how procurement and suppliers can avoid issues with their contracts. Procurement and suppliers often assume that small print is highly complicated legal jargon that is both boring and largely irrelevant. It Would Benefit Both Procurement and Suppliers To Write in a Clear, Friendly, and Organized Manner. Procurement

Highlights of Oracle Procurement Cloud- Release 13

Supply Chain Matters

In this October commentary we take the opportunity to update our procurement focused readers as to the latest Release 13 features within Oracle Procurement Cloud. Oracle Procurement and Sourcing Oracle procurement support technology Oracle software applications supporting supply chain management Supply chain Matters blogIn a previous August commentary, Supply Chain Matters highlighted some of the major features of Oracle’s SCM Cloud, Release 13.

Procurement Logistics: What Is It & Where Do Logistics Providers Fit In?

Cerasis

Many different terms, such as less-than-truckload (LTL), procurement and transportation management, describe supply chain management processes. Although procurement logistics might sound like it involves the purchasing of manufactured products , it is much more involved. The Definition of Procurement Logistics. The simplest way to think of procurement logistics is the procurement of materials needed to manufacture products. What Is Procurement Management?

EPE – European Procurement Excellence 2016

Supply Chain Movement

EPE – European Procurement Excellence. Providing procurement value in a complex world. In a world in which procurement is emerging as the key value driver for maintaining a company‘s competitive edge, the role of CPO is becoming more strategic.

Procurement & Suppliers: Paying Attention to Terms & Conditions to Keep Supplier Relations Postitive

Cerasis

Editor's Note: Today's blog is by our great friend, Chuck Intrieri where he gives us a fantastic example of how Procurement and Suppliers can enhance Supplier Relations by navigating the "Battle of the Forms.". However, in many circumstances, the supplier will send an invoice that contains one set of terms, while the procurement professional will issue a purchase order which contains additional or different terms. Procurement

Challenges Facing Procurement Leaders

Material Handling & Logistics

From limited visibility beyond their tier-one suppliers to teams that don't have the capabilities to deliver on the strategy, procurement officers have their work cut out for them. There’s no doubt that digital is a game-changer in procurement," said Michael Daher, U.S.

eWorld Procurement & Supply

Supply Chain Movement

eWorld Procurement & Supply. eWorld Procurement & Supply in association with The Chartered Institute of Procurement & Supply (CIPS), is the UK’s leading event focusing on the use of leading-edge technologies and techniques within the procurement & supply chain functions.

7 Ways to Strategically Elevate Freight Procurement

Talking Logistics

In the last decade, many companies, especially those with manufacturing operations, have evolved direct materials sourcing from an administrative function to a strategic procurement process. The embodiment of this transformation is the chief procurement officer, an increasingly common title for executives that strategically source goods and services. As a strategic process, transportation procurement may still seem very tedious and challenging.

4 Reasons to Integrate Order-to-Cash & Procure-to-Pay

Take Supply Chain

Bundling order-to-cash and procure-to-pay functions not only gives companies a holistic view of their supply chain operations, but also improves decision-making and business growth. The post 4 Reasons to Integrate Order-to-Cash & Procure-to-Pay appeared first on TAKE Supply Chain.

Breaking Procurement Tech News- JAGGAER to Acquire BravoSolution

Supply Chain Matters

Procurement spend managing software provider JAGGAER made a sudden acquisition announcement today, indicating plans to acquire rival procurement technology provider BravoSolution for an undisclosed sum. Procurement and Sourcing Supply Chain Technology Inc. JAGGAER JAGGAER acquisition of BravoSolution Supply Chain Matters

Breaking Procurement Tech News- JAGGAER to Acquire BravoSolution

Supply Chain Matters

Procurement spend managing software provider JAGGAER made a sudden acquisition announcement today, indicating plans to acquire rival procurement technology provider BravoSolution for an undisclosed sum. Procurement and Sourcing Supply Chain Technology Inc. JAGGAER JAGGAER acquisition of BravoSolution Supply Chain Matters

Creating a Sourcing and Procurement Process Plan

Arkieva

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.

eWorld Procurement & Supply – 22 September 2015

Supply Chain Movement

eWorld Procurement & Supply. The Leading Bi-Annual Event for Procurement Innovation. The UK’s most comprehensive business forum for Procurement, Sourcing and Supply Chain Technologies. Soft skills for procurement professionals. Sustainable procurement strategies.

50th Symposium Procurement and Logistics

Supply Chain Movement

50 th Symposium Procurement and Logistics. More than 2,200 decision-makers from procurement, SCM and logistics. Events 5oth symposium procurement and logistics Berlin BME buyers Germany hans-dietrich genscher helmut schmidt interconintal logistics logistics experts Procurement

Video: Oracle Procurement Cloud

Oracle SCM

Hear customers at CyraCom International, Transit Wireless, and Rancon Group describe how they are using Oracle Procurement Cloud to control employee spending, streamline their procure-to-pay cycle, source more effectively, and reduce supplier risk.

Procurement Fact File

Claritum

Claritum Article - Procurement Blog. We’ve read through some of the best analyst reports and surveys to bring you this procurement fact file containing some of the most interesting findings, statistics and quotes. Procurement. Outsourcing of non-core procurement activities.

3rd CEE Procurement & Supply Forum

Supply Chain Movement

3rd CEE Procurement & Supply Forum. How to effectively identify and benefit from these potentials will be the main focus of the 3rd CEE Procurement & Supply Forum. In addition to several workshops and presentations which focus, among other topics, on legal aspects, market overview, commodities and best practices in CEE, procurement professionals and suppliers will get the opportunity to network and to discover new potentials during a supplier-buyer-matchmaking.

International Procurement in Emerging Markets

SCM Research

Procurement companies that are sourcing in emerging markets realize great opportunities and competitive advantages. However, procurement companies face challenges and risks in emerging markets. The study International Procurement: Challenges and Opportunities in Emerging Markets provides insights into approaches by top performers in dealing with these challenges and analyzes what it is that raises them above their competitors in their sourcing activities in emerging markets.

Confusion Surrounding Procurement

Material Handling & Logistics

A new survey shows that one in five respondents were completely unaware of discounts and rebates that they could be tapping when making purchases for their company. read more. Global Supply Chain News

The State of Supply Chain Trends Part II: AI, Procurement, & the New Lean

Cerasis

From artificial intelligence to refocusing on procurement, the state of supply chain continued to explode throughout 2016, and you need to understand why. Procurement’s Role Did Become More Important. The start of any product or service is procurement, explains Jonathan Webb of Forbes Magazine , which refers to the obtaining of raw materials needed to create a product. Unfortunately, there continue to be major costs associated with procurement.

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Rapidly Changing Skills and Requirements in Procurement- Consider Attending ISM 2017

Supply Chain Matters

Included in our 2017 Predictions for Industry and Global Supply Chains (Available for complimentary downloading in our Supply Chain Matters Research Center), there are two specific predictions that will directly impact various industry supply chain sourcing and procurement professionals in the coming months. We predict that the role of the Chief Procurement Officer (CPO) will […].

4 Reasons Procurement Consulting is Supercalifragilisticexpialidocious

AFFLINK

Mary Poppins might not be real, but her deliverables certainly can be – when you hire the right procurement consulting firm. Just as Mary Poppins delivered more than a traditional nanny, today’s procurement consulting firms do a lot more than improve your KPIs.

Procurement, Industry 4.0, Cybersecurity, Robotics and Automation: The Image of Manufacturing is Evolving.

Cerasis

Let’s take another look at how procurement, computing power, industry 4.0, cyber security, advanced robotics and automation became top priorities for research, development, and implementation throughout the past year’s operations in the manufacturing industry. . Procurement Operations Became Decentralized and Adaptable. Procurement is also becoming more interesting and involved. Twitter Facebook Google+ LinkedIn The post Procurement, Industry 4.0,