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.

Why Supply Chain Managers & Procurement Should Collaborate


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?

Procurement Strategy Beyond Savings


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.

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.

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

[INFOGRAPHIC] Procurement Trends: Carving a Bigger Role in Supply Chain & Manufacturing


As time passed, procurement gradually gained a larger role in the scope of manufacturing and order fulfillment. By the mid-1950s , procurement had become a commonplace aspect of minor business, and procurement was almost comparable to secretarial work.

[INFOGRAPHIC] The Future Of Procurement: What Is Your Role?


At Cerasis we work with our shipper customers who procure items every day and have needs for inbound freight management as they secure those products from their vendors. The Future of Procurement is Driven by Technology. Enter The Future of Procurement , an Oxford Economics study.

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.

Transportation Procurement in India


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.

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


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

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


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?

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.

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 […].

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.

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

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.

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


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

Procurement Fact File


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.

Supply Chain Matters Guest Contribution: Can Data Science Help Procurement Zero-In on the Right Supplier?

Supply Chain Matters

Supply Chain Matters features a guest contribution from Mike Russo- Can Data Science Help Procurement Zero-In on the Right Supplier? Prescriptive or Predictive Analytics Procurement and Sourcing Supplier Management Supply chain Matters blog

Creating a Sourcing and Procurement Process Plan


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.

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.

The Future of Freight Procurement

Talking Logistics

How should shippers and carriers approach freight procurement in the weeks and months ahead? How are advancements in transportation management systems (TMS) and other technologies helping shippers and carriers procure freight more intelligently and efficiently?

Does Your Company Have A Solid Transportation Procurement Strategy?

Logistics Viewpoints

Supply Chain professionals have a tremendous amount of demands and pressures to be aware of and transportation procurement is one of those pressures. Procurement/Sourcing Transportation Transportation Management Systems transportation sourcingThe logistics marketplace is dynamic and demands attention to truly optimize and enable strategic advantage.

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.

Deep Dive on 2017 Predictions for Industry and Global Supply Chains- Prediction Two: A Challenging Year in Procurement

Supply Chain Matters

Annual Predictions for Industry and Global Supply Chain Management Procurement and Sourcing Supply Chain Skills Supply Chain Talent Management 2017 predictions for industry and global supply chains multi-industry procurement challenges procurement product sourcing strategies supply chain management industry analyst advisory services Supply chain Matters blog what to expect in procurement roles during 2017

Strategic Procurement Technology Provider BravoSolution Acquires P2P Provider Puridiom

Supply Chain Matters

There was noteworthy acquisition news in the procurement software applications area last week with the announcement that BravoSolution had acquired privately-held procure-to-pay applications provider Puridiom. This transaction is further evidence to the growing importance of broader-based suites of applications as well customer attractiveness to purchasing technology that can manage broader procurement lifecycle needs that extend […].

How Are Counterfeit Drugs Procured?

Supply Chain @ MIT

A new approach focuses on the way these products are procured. The research explores a new approach to combating drug counterfeiters: devising mitigation strategies based on the way dispensers procure medicines. Counterfeit cures.

A Growing Need for Responsive and Skilled Procurement Leaders- Consider Attending ISM 2017

Supply Chain Matters

The role of procurement leaders, both in large and smaller enterprises, will further evolve in 2017 to include more strategic advisor skills. Yet, studies point to a widening gap among top-performing and all other procurement organizations. In just a matter of weeks, ISM will be conducting its annual 2017 conference which affords a timely opportunity to hone individual and team procurement management skills.

The Donald Trump Presidency- Our Supply Chain, Product, Procurement and Technology Management Focused Perspective

Supply Chain Matters

Global trade trends Green and Sustainable Supply Chain Industry Specific Supply Chain Challenges Manufacturing Strategies Procurement and Sourcing Product Lifecycle Management Sales and Operations Planning Supply Chain Risk Management global supply chain management implications of a Donald Trump presidency independent blog analysis and insights on supply chain management Supply chain Matters blog

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.

The Future of International Freight Procurement- A Supply Chain Matters Guest Commentary

Supply Chain Matters

Controlling Supply Chain Costs Procurement and Sourcing Supply Chain Technology Transportation and Logistics independent blog commenting on global logistics and transportation international freight procurement technology Supply chain Matters blog

A Guest Viewpoint- Procurement Impact of the Amazon-Whole Foods Acquisition

Supply Chain Matters

BravoSolution CEO Jim Wetekamp provides a Supply Chain Matters guest commentary on the procurement and supply chain management impacts of the pending Amazon-Whole Foods acquisition.

Supply Chain News on Advice for Procurement Managers, Focus on Speed and Agility in 2018

Supply Chain Digest

New Paragidm is Emerging in Procurement Function