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?

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

Cerasis

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.

Trending Sources

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

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

Cerasis

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.

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.

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 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 SimpliShip.com Supply chain Matters blog

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

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.

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.

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.

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.

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.

Supply Chain Matters Guest Contribution: Three Must-Dos for Procurement in 2014

Supply Chain Matters

I won’t ask about your commitment to the gym, but I did want to check-in on your resolutions for your procurement team. Maybe you’re like many of the procurement teams I work with, and you’re just not sure where to start. Procurement and Sourcing Supplier Collaboration Supplier Management BravoSolution challenges in procurement procurement''s relationship with the CFO Supply Chain Matters Supply chain Matters blog

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

Ex-Apple Procurement Manager Sentenced- Have We Learned Anything?

Supply Chain Matters

High Tech and Consumer Electronics Supply Chain Procurement and Sourcing Product Lifecycle Management Apple supply chain ethical standards in procurement Supply chain Matters blog In the summer of 2010, a global supply manager at Apple was charged with wire fraud, money laundering and unlawful transactions in an alleged kickback scheme that involved multiple Apple suppliers.

Want better supplier adoption of your procurement portal? Start by asking your own sales staff.

Take Supply Chain

A good portion of the value provided by automating procurement and payables processes comes from the labor and cost savings generated from fewer errors and less manual work. The procurement portal has to have enough transactional volume running thru it.

Assessing the True Return of Procurement Transformation on Total Shareholder Return: A Tough Proposition

NC State SCRC

In my earlier book with Gerard Chick on “ The Procurement Value Proposition “, we advance the notion that buildoing a business case for investing in people, process, and technology improvement in procurement is key. Many procurement assessments developed by consultants seek to provide an answer to the question “how far along are you relative to your peers in your procurement transformation journey”, and “which processes are lagging compared to your peers?”

Helping Procurement Professionals Build Resilience in Their Own Supply Chains

Supply Chain 24/7

Risk in global supply chains has reached its highest for almost quarter of a century, consequently, CIPS has launched an online tool that supports the development of resilience in supply chains

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Procurement Analytics Conferences Feature Emerging of Cognitive Procurement Technologies

NC State SCRC

I had the opportunity to attend a number of exciting events on procurement analytics in the last month. First, I attended a CAPS Research event in RTP on Procurement Analytics, held right down the road at IBM headquarters. I sat in on a number of demos, and saw the capabilities emerging in a number of IBM systems for procurement that are briefly described here.

Sustainable Procurement Finally Getting Its Own Standard

NC State SCRC

A new post discussed the development of a sustainable procurement standard developed by the International Standards Organization. ISO 20400 , Sustainable procurement – Guidance, has just reached a second draft international standard stage, meaning interested parties can submit feedback via their ISO member on the draft before final publication in 2017. It’s about time that the concept of sustainable procurement has a standard established around it.

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

6 Things We've Learned from McDonald's Procurement Management

AFFLINK

In the foodservice industry, there are few better examples of great procurement management than McDonald's. Today's food industry supply chain operators would do well to learn from the excellent procurement management example that McDonald's has set.

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Procurement Leaders ’17: Supplier enabled innovation is a foundation for procurement’s strategic repositioning

NC State SCRC

I had the opportunity to sit in on a number of sessions at Procurement Leaders American Congress 2017 in Miami this week. PL’s research shows that for procurement, cost savings is still the main issue that executives focus on. About 1/3 of the procurement was meeting the profile.

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Loyalty, Partnership, and Collaboration: Three Ingredients for Transportation Procurement Success

Talking Logistics

Is there an equivalent process or approach companies should take before engaging in a transportation procurement engagement? “In How are those ingredients infused throughout the transportation procurement process?

How does procurement evaluate outsource providers?

NC State SCRC

In the RFQ process, procurement should ideally be transparent about answering this question. The Request for Quote process, if done correctly, is a way for procurement to be able to quantify the elements of value and in many cases, and for the sales team at suppliers to educate the customer on what their true performance capabilities are. Procurement should be fully versed on stakeholder needs, and be open and transparent in their willingness (and ability!)

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Procurement and Purchasing: Buying into Lean

Inbound Logistics

When applying Lean principles to procurement and purchasing processes, non-traditional sources of waste can be identified, which benefits the entire supply chain

Bombardier Recruits Chief Procurement Officer and Centralizes Supply Chain Strategy

Supply Chain Matters

This week features another milestone, an announcement that Bombardier has hired a new Chief Procurement Officer with the challenge of centralizing all supply chain strategy among its commercial aerospace and surface transportation units while significantly […]. Since 2010, Supply Chan Matters has provided specific commentaries related to the global supply chain challenges of Canada based Bombardier.

Supply Chain News on The Confounding DNA of Procurement

Supply Chain Digest

Too Often Procurement Resources Most Heavily Applied where They Add the Least Value, Consultant Says

Transforming Procurement Into a Global Powerhouse

Supply Chain 24/7

Tapping into the “Power of People,” McCormick takes procurement from regional to global in three years. The SCOR framework serves as a foundation for success by providing a shared vision between procurement and supply chain

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?

5 Skills You Need to Become a Procurement Management Guru

AFFLINK

The saying, “the more things change, the more they stay the same,” is not only a cliché, it’s a bad one – especially when it comes to procurement management. But what does all of this mean for procurement managers?

Supplier Risk is Changing the Role of the Chief Procurement Officer

OPS Rules

Traditionally, the role of the Chief Procurement Officer (CPO) has been a secondary one compared to others in top management.

Changing Perception in the Supply Management Industry

Supply Chain Matters

One of the biggest challenges in our industry is gaining recognition of the value procurement and supply chain management brings to the corporate bottom line. The following commentary is a Supply Chain Matters guest posting authored by Jim Barnes, Services Managing Director, Institute for Supply Management (ISM). We know supply management increases shareholder value by […].

10 Tips Shippers Can Use to Reduce Costs in LTL Procurement with Better Request for Pricing Bidding

Cerasis

at Cerasis, we know a thing or two about the nuances of LTL procurement. LTL procurement is something we do very well. So we thought we would impart upon all the shippers out there some tips on how to reduce overall costs for effective LTL Procurement. 10 LTL Procurement Cost Cutting Tips. Saving money on less-than-truckload or LTL procurement is a laudable goal, except when operational problems eclipse savings gains. Logistics LTL ltl procurement

[Quiz] Should You Get A Procurement Management Audit?

AFFLINK

From ordering supplies, to staying up to date on the latest technological trends, to meeting optimization goals, procurement management is a comprehensive job and impacts almost every aspect of your business. Supply Chain Management Procurement

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

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.

Kimberly-Clark’s Journey to Logistics Procurement Excellence

Logistics Viewpoints

Consumer Packaged Goods (CPG) Procurement Transportation Transportation Management Systems JDA Kimberly-Clark transportation management