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.

[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.

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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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.

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.

Procurement Must Contribute to Competitiveness to Become Relevant!

NC State SCRC

Procurement is always thinking about cost savings, year over year. What if, for example, procurement has a budgeted amount for 4.5 cents, so procurement declares victory and says they saved their organization a lot of money: 3 cents per unit!

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

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.

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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.

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.

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

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.

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

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?”

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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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

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 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

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.

Miami 17

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.

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!)

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?

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.

A List of Must Read Procurement White Papers

Claritum

Claritum Article - Procurement Blog. Accenture discuss the problems faced by sourcing and procurement organizations who are under increasingly more pressure and are expected to do more with less funding.  Centralise or Devolve Procurement.  Procurement in 2025.

[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

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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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

Keep Your Strategic Procurement Process From Walking Out the Door

AFFLINK

You’ve made it clear that strategic procurement is a priority, and they’ve internalized that mandate like their own DNA. Here are just a few reasons why documenting your procurement processes is more important than you may realize: 1. Procurement Healthcare Industry

Differences Matter in EU and U.S. Transportation Procurement

TMC

As companies expand globally through mergers or organic growth, many are faced with the decision whether to combine logistics teams and apply a universal truckload procurement strategy across multiple regions. Truckload Procurement. Truckload Procurement.

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.

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?

Can Sales and Procurement Ever be BFF’s?

NC State SCRC

The relationship between sales and procurement has always been a contentious one, and the idea of a friendship evolving between the two functions is laughable in the minds of many managers I’ve met with. Sales account managers accuse procurement of being purely price focused, and not recognizing the components of value. This situation does not always accrue – as there are cases where harmonious partnerships exist between sales and procurement.

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

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?

Sales Can Use RACI Charts to Understand Procurement… and vice versa!

NC State SCRC

Although RACI “charts” are often viewed as irrelevant and bureaucratic, they can provide an important clue regarding the “decision-rights” for procurement and contracting decisions. An important foundational issue for sales personnel to understand is the relative level of procurement maturity within the organization, and the extent to which the organization has developed a category management structure.

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.