ivalua

NOVEMBER 27, 2019

If you have ever read an article about Procurement best practices, you know that a very small minority of teams are categorized as leaders and an equally small minority are considered laggards. That leaves the vast majority of companies and teams in the middle – and each one of them is working hard every day to be as good as they can given their current priorities, challenges and resources. So what does “good” strategic sourcing look like? Good” strategic sourcing….

Sourcing 109

Sourcing Research Tools Procurement 109

Supply Chain Game Changer

APRIL 28, 2020

In many cases the use of single sourcing, or sole sourcing, Procurement strategies has limited the ability for Supply Chains to access alternate sources of supply and more rapidly support higher than normal demand levels. As we progress through and past the pandemic, is it time for Procurement to adopt parallel Supply Chain strategies, such as dual sourcing, and limit or abandon single sourcing and sole sourcing? Subscribe Here!

Sourcing 62

Sourcing Quality Automotive Supply Chain Disruption 62

ivalua

DECEMBER 8, 2020

Procurement’s stature has grown during the COVID-19 crisis as costs, cash flow and supply continuity quickly became top boardroom priorities and homepage news. Across the world, procurement leaders have risen to the challenge. Digitization is key to procurement transformation.

Procurement 130

Procurement Real Estate New York Sourcing 130

Supply Chain Game Changer

DECEMBER 10, 2020

Product Sourcing Agent article and permission to publish here provided by Joyce Chen at Epic Sourcing. When starting your importation business, finding the primary resources required is one of the first and most vital steps. Who is a Product Sourcing Agent? Subscribe Here!

Sourcing 60

Sourcing Quality Asia eBook 60

Freightos

AUGUST 26, 2015

The Experts’ Choice of the Top Online Logistics Resources. So I went straight to the source and asked consultants, trade reporters, Wall Street Journal reporters and others, what their go-to logistics and supply chain sources were. is one of the industry’s most respected logistics sources. The businessman’s news source of choice, global export and import volumes (as well as buying trendings) are key to informing supply chain professionals.

Resources 261

Resources Logistics Cargo Handbook 261

Supply Chain Game Changer

JANUARY 21, 2021

Featuring Our 12 Best Procurement Articles! Procurement drowning in data article and permission to publish here provided by Sam Jenks at kodiakrating.com. Meanwhile, 60% of procurement teams have no tools or rely primarily on improvised systems for Supplier Management.

Procurement 56

Procurement Data eBook Survey 56

Talking Logistics

FEBRUARY 18, 2016

If you are buying widgets, there are many ways to make your purchase, from going to a retail location, ordering online or using a standard procurement software tool that allows you to order lots of widgets and receive them over a specified period of time. Here are the top five reasons you need a transportation sourcing solution: 1. Freight sourcing is as unique and complex as the transportation industry itself.

Sourcing 123

Sourcing Transportation Jacksonville Georgia 123

ivalua

JANUARY 29, 2020

No organisation does everything itself, and whether we’re looking at buying raw materials, components, innovative technology, or sourcing the best in marketing or professional services, the whole process of engaging and working with suppliers must reflect this need for speed and agility. . What does this mean for procurement and supplier management? That’s not something many procurement professionals traditionally consider. .

Procurement 142

Procurement Innovation Automotive Food 142

Supply Chain Game Changer

JANUARY 9, 2019

Procurement, or Purchasing, is an area of Supply Chain that involves and requires very specific skills and expertise. This is particularly apparent if you are hiring a Procurement professional, you are looking for a Procurement job, you are looking to outsource anything, or you are dealing with Procurement people in the course of conducting business. Check out this list of 25 Procurement and Purchasing questions and answers. How do you build a Sourcing Strategy?

Procurement 68

Procurement Metrics Sourcing Comparison 68

Supply Chain Game Changer

NOVEMBER 20, 2018

Check out What is Virtual Procurement and Why Should You Care? Doing business with suppliers located overseas or in another country can be an overwhelming and daunting task even for expert Sourcing professionals. But beyond that he had no idea on where to start to source his product. Large companies can afford to have Strategic Sourcing Procurement staff around the world. This contract needs to be between you and your Sourcing agent and with your suppliers.

Sourcing 52

Sourcing Government Resources Metrics 52

Supply Chain Opz

JANUARY 19, 2015

Strategic Sourcing has been used by companies of all sizes for years. Professor Schoenherr is the expert in procurement and decision making and he will provide some guiding principles that practitioners can use to create more sustainable competitive advantage. This commentary highlights some of the key principles to strategic sourcing. However, priority is always given to cost cutting initiatives.

Sourcing 126

Sourcing Michigan Sustainability Resources 126

Supply Chain Game Changer

NOVEMBER 23, 2018

Like so many professionals Procurement people are very proud. But at some point in their careers, especially in the age of Outsourcing, they are likely to have to deal with potential suppliers who provide Procurement services. Procurement typically negotiates deals for other functions like I/T, HR, Manufacturing and every other area in the company. When selling Procurement Outsourcing services you need to have a lot of credibility to begin. Subscribe Here!

Procurement 54

Procurement Analysis Case Study Company 54

Elementum

MARCH 27, 2018

As a finite but clearly valuable resource locked mostly in countries with difficult-to-track labor standards, cobalt’s supply chain has fallen under intense scrutiny in recent months, and companies are rushing to get their share. However, as standards for sourcing become more strict, these big players may lose business if they fail to provide visibility into their supply chains. firm Freeport-McMoran and Eurasian Resources Group.

Resources 78

Resources Congo North America Australia 78

Supply Chain Game Changer

MARCH 28, 2020

The Procurement, or Purchasing, function is considered by many to be a necessary but non-strategic part of any organization. But there is a profoundly significant Procurement value chain. This is not to say that they believe Procurement doesn’t play a role, but rather that they don’t view Procurement as playing a critical role beyond cutting costs and finding suppliers. Procurement is strategic! Now is the time for Procurement to SELL!

Procurement 56

Procurement Survey Benchmarking Training 56

Jaggaer

OCTOBER 22, 2019

Our recently published report, “ Digital Transformation in Procurement: How Close Are We? ”, which is based on a global survey with responses from 391 CPOs and other senior procurement decision makers, showed that most progress had been made with the automation of supplier management, procure-to-pay and spend management processes. Strategically, a digital assistant simplifies strategy development and execution within the procurement function.

Procurement 53

Procurement Research Data Sustainability 53

Jaggaer

SEPTEMBER 29, 2020

Or it may be an executive mandate driven by a leadership change or the arrival of an individual who understands the earnings contributions or growth that a well-run procurement organization can deliver to an enterprise. No Time Like the Present for Procurement Technology.

Procurement 52

Procurement Lean Electronics Sourcing 52

Claritum

NOVEMBER 23, 2020

Claritum’s top ten 2021 predictions for Procurement. Medium sized organisations will use procurement automation and buyer portals in the cloud, to address concerns of spend management, remote working and data security.

Procurement 41

Procurement Sustainability Supply Chain Disruption Security 41

Unleashed

DECEMBER 15, 2019

It’s easy to oversimplify the differences between sourcing for parts locally or internationally. When considering where to purchase from, the prevailing idea seems to be that domestic sourcing allows for better control and shorter lead time, but international sourcing is more cost-effective. Let’s compare the strengths and weaknesses of both international and domestic sourcing options. International Sourcing. Reaping the benefits of international sourcing.

Sourcing 54

Sourcing Bolivia Indonesia Russia 54

Cerasis

SEPTEMBER 12, 2016

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?

Logistics 259

Logistics Procurement Third Party Logistics Manufacturing 259

Elementum

MARCH 27, 2018

As a finite but clearly valuable resource locked mostly in countries with difficult-to-track labor standards, cobalt’s supply chain has fallen under intense scrutiny in recent months, and companies are rushing to get their share. However, as standards for sourcing become more strict, these big players may lose business if they fail to provide visibility into their supply chains. firm Freeport-McMoran and Eurasian Resources Group.

Resources 60

Resources Congo North America Australia 60

Jaggaer

MARCH 18, 2020

His insights are numerous, and can all be heard in his full podcast episode, but among them is his main focus in 2020, the opportunity presented by agile procurement. Bartolini’s view of modern procurement is one of an industry at a crossroads. While digitalization has dramatically increased procurement performance over the last decade, the function is beginning to approach a plateau. “We’re way that procurement organizations are?organizing sourcing?and

Procurement 55

Procurement Policies Survey Metrics 55

ivalua

AUGUST 29, 2019

29 th August 2019, London – Research from Ivalua , a leading provider of global spend management cloud solutions , has shown that Procurement, supply chain and finance professionals are spending almost a third (31%) of their time dealing with inefficient paper-based or manual Procurement processes, which is costing UK businesses on average £1.94m annually* and limiting Procurement teams’ ability to deliver more strategic value. Ivalua is the Procurement empowerment platform.

Research 142

Research Procurement Supplier Management Study 142

ivalua

NOVEMBER 10, 2020

Innovating to Uncover New Sources of Revenue in the Public Sector. Step 1: Use eProcurement Systems as a Potential Source of Revenue. Thinking of procurement as a new source of revenue is certainly counterintuitive, but it fits the bill of thinking differently.

Sourcing 130

Sourcing North Carolina Procurement Virginia 130

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. We have worked in hundreds of different industries and spend areas over many years in thousands of procurement projects. Subscribe Here!

Procurement 59

Procurement Trends Sustainability Italy 59

Supply Chain Game Changer

APRIL 23, 2019

The Procurement, or Purchasing, function is considered by many to be a necessary but non-strategic part of any organization. This is not to say that they believe Procurement doesn’t play a role, but rather that they don’t view Procurement as playing a critical role beyond cutting costs and finding suppliers. Procurement is strategic! Now is the time for Procurement to SELL! The Procurement Value Chain Continuum. Procurement 101.

Procurement 50

Procurement Survey Benchmarking Training 50

Supply Chain Game Changer

FEBRUARY 16, 2020

We completed extensive research, watched a lot of how-to clips, purchased some best practices resources, discussed/strategized amongst ourselves at length, developed ground rules, consolidated a plan, and continuously reviewed our methods and performance throughout Charlie’s first 15 months of training. Looking back on the training process, our research, strategy, implementation and evaluation methods closely mirrored supplier relationship management and procurement management.

Procurement 48

Procurement Sweden Guidelines Sourcing 48

Supply Chain Game Changer

NOVEMBER 15, 2018

Check out What Exactly Is Procurement? The last few years have seen a lot of real (and over) hype associated with the emergence of Software Robots (called Bots/Bot) which are disrupting the legacy procurement processes involving human interface. In summary – Bots will have a high appeal on the transactional and digital side of procurement processes and will gain exponential growth in the coming years with the advent of cognitive and machine learning tools. Subscribe Here!

Procurement 48

Procurement Software Sourcing System 48

QAD

MARCH 31, 2020

Inevitably, the procurement process is complex and challenging to manage. ANCA builds their machines in Australia but these precision components are sourced from around the world. Procurement System Improvement Goals. Recognizing the vital importance of procurement to their business, ANCA management set about finding a tool to help. A third feature attracting their attention was the ease of integration with different Enterprise Resource Planning (ERP) applications.

Procurement 77

Procurement North America Australia Tools 77

Claritum

MAY 12, 2019

Claritum Article - Procurement Blog. Technologies and Procurement Table. There are a lot of articles around on what Procurement needs to do; how Procurement needs to change; and how technology will fundamentally change Procurement. This article summarises, as a table, technology areas that impact on Procurement that you might need to investigate. 2 Technologies and Procurement Table. Supply chain alternative routing or sourcing. Sourcing.

Procurement 34

Procurement Internet of things Security Comparison 34

Requis

OCTOBER 30, 2020

Sourcing has probably been the biggest thing over the last decade or two, coupled with that reduction in local manufacturing of course. Sourcing is now predominantly overseas: China is one of the big sourcing countries of course, along with India, Pakistan and Bangladesh, Vietnam and Thailand.

Sourcing 52

Sourcing Bangladesh Sustainability China 52

Supply Chain Game Changer

MARCH 6, 2019

7 KPIs Your Procurement Team May Be Ignoring! Organizations are ‘going carbon neutral by 2025’, and ‘implementing Artificially Intelligent business systems’ and ‘sourcing form solely environmentally friendly suppliers’. Procurement is a business function that has undergone a lot of change in the last few years. As a believer in the power of procurement, this recognition makes me happy. Here are 7 Trending Business Practices disrupting Traditional Procurement !

Procurement 50

Procurement Trends Sourcing Sustainability 50

Industry Star

SEPTEMBER 7, 2019

The ongoing US-China trade war may have your organization thinking about resourcing, so we're here to tell you that it's definitely possible. Follow the steps provided in this blog to move your production operation and avoid resourcing pain. The post How to Resource from China in 90 Days appeared first on IndustryStar Solutions. Procurement China Onshoring Outsourcing Resourcing Sourcing Tariffs Trade War USA

Resources 40

Resources China How To Sourcing 40

Jaggaer

AUGUST 18, 2020

From early on in the Covid-19 pandemic , and for pretty obvious reasons , procurement in healthcare and pharmaceuticals has been in the spotlight like never before. Sourcing of alternate suppliers 57% Managing supplier risk (e.g.

Pharmaceutical 67

Pharmaceutical Chemicals Company India 67

ivalua

MARCH 3, 2020

Yet, these initiatives are rarely owned by Procurement. On the contrary, Procurement often plays the bad cop role, creating barriers to onboard new and innovative suppliers, asking for endless compliance documents, ending the magic of the incubation. Is Procurement not in the best place to leverage its supplier market expertise to unearth innovative gems? . These are traditionally not in the realm of expertise of Procurement and would rather involve other teams from Finance.

Procurement 126

Procurement Innovation Resources Survey 126

Supply Chain Game Changer

NOVEMBER 6, 2018

Yet the lack of attention and focus that Indirect Procurement is often given is inconsistent with the true importance of this area. Indirect Procurement takes a back seat to Direct Procurement unfortunately. But it is time for Indirect Procurement to stand up and be counted! The Importance of Indirect Procurement! Indirect Procurement is referred to by many different names. It might be called Non-Production Procurement or MRO for instance.

Procurement 61

Procurement Resources Company Government 61