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Charles Babbage’s book on the economy of machinery and manufacturers, published in 1832, referred to the importance of the purchasing function. Strategic Sourcing Supplier Relationship Management Supply chain Relationships Supply Chain Talent Supply Chain Talent Management Supply Market Intelligence I recently completed a study of 25 CPO’s, each providing their view of what procurement will look like in 2025. You can download the full report at this link. MORE
Sourcing and Procurement in Supply Chain Management. The terms “ sourcing” and “procurement” in supply chain management are often used interchangeably, although they are not quite the same. It refers to the entire process of sourcing and contracting with suppliers to gather all of the services and goods you need to make that final product. Sourcing is but one step in the procurement process. MORE
Many companies have Enterprise Risk models that they use in their organization that is typically a common format that can be used across different functions to refer to risk. Second, the ability of the supplier to raise prices was limited and in fact likely to decrease when a single source contract was established. A simple set of actions, for the key strategic suppliers (often 40 or less) mitigates almost all of the real sources of risk. MORE
Last year Forrester published 2 major Wave reports, which together span the full Source-to-Pay process. The second, authored by Andrew Bartels and published on December 18, is The Forrester Wave : Source-To-Contract Suites, Q4 2019. It covers spend analysis , sourcing, contract management and supplier risk and performance management (SRPM), similar in scope to Gartner’s Strategic Sourcing Application Suites Magic Quadrant. The post How to ride the Source to Pay Wave? MORE
Use strategic sourcing by partnering with multiple suppliers to ensure a consistent flow of products. You can Go Your Own Way , but then we may not be able to stop making Fleetwood Mac references and all of your Dreams may not come true. MORE
We need to look at alternative sources of procurement, of production, alternative factories, alternative countries. In the longer term he says they are focused on “Diversification of sourcing, reducing the dependence of single-source suppliers, and developing relationships with the key partners or IT [vendors] … and invest like no other into demand planning and control towers to give us the most fine-tuned information,” and ability to start making “crystal-ball like” predictions. MORE
Global Sourcing Director – Methods, Tools & Responsible Sourcing (Bel Group). She is the Global Sourcing Director – Methods, Tools & Responsible Sourcing, and she has 10 years of experience in Responsible Purchasing. I have been working as a CSR referent for several years in addition to my position as head of purchasing for non-production goods and services. MORE
Operating in the pharmaceuticals sector, he uses clinical trials as a point of reference, noting that it currently takes about two years to find 2,000 patients for a trial. Sourcing with Big Data. Walt Charles’s philosophy on the modern state of sourcing is that it is artificially limited by the tools that teams are using. The traditional three bids and a buy model is a product of software constraints, rather than the ideal method of sourcing. MORE
That trend has been referred to by a number of terms, such as “buying local” and “eating local”. It means buying food that is sourced and/or grown within a geographical location that could be considered “local”. Though, when a food or beverage product is labeled as “locally grown”, the “local” part usually refers to an area of about 150 miles. The “locally grown” movement has been fueled by the perception that locally grown, produced and sourced foods contain many benefits. MORE
The term “planning horizon” refers to how far ahead you need to establish your plans. Lean Manufacturing Material Utilization Process Improvement Spend Management Supply Chain Business Strategy Inventory Management Manufacturing Resource Planning Planning and Scheduling S&OP Sales & Operations Planning SIOP strategic sourcing Supply Chain Optimization MORE
“Catch the goat when it’s passing” is one of my favourite Chinese sayings, and it is particularly apt when you’re looking to source new products or materials in China. That’s right: that I had not yet found my supplier for the job, and that this supplier had very little experience in producing the product I wanted to source. R) Reference list of clients – The perfect scenario is to have a list of the supplier’s other clients. MORE
In Gartner’s recent annual report, they discuss their predictions as to what will have a great impact on procurement and sourcing technology in the coming year and how the market will change over time. One thing that is definitely clear – the procurement and sourcing market is evolving quickly as technology continues to advance. Why are these at the forefront of procurement and sourcing? He reduces the steps involved in managing your sourcing and procurement. MORE
Performance related to the QSTP dimension, and Price was obvious – but Place referred to the local relationships that existed between suppliers and purchasing. I will note that when these principles were introduced on my visit to China with Shanghai Automotive in 2000, the Chinese were very receptive to the concept, and recognized the importance of competitive sourcing to drive cost, quality, service, and technology improvements. MORE
Surely with the convergence of the procurement silo’s into the one Source-to-Pay journey, Ivalua could make the impossible come true for Accounts Payable – and we have! MORE
Sustainable sourcing is a fast developing requirement, driven by customers. Luca Crisciotti: “Sustainable sourcing is a fast developing requirement, driven by customers.” Companies are hindered from progressing on sustainable sourcing for two reasons: economic shortages and the lack of a clear and harmonized frame of reference. Trends brand reputation competitive advantage customers GFK Eurisko Luca Crisciotti market share sourcing suppliers Sustainabilit MORE
Andrew Cox’s new book “Sourcing Portfolio Analysis” represents the more traditional “power-based” view of procurement. The book relies on a series of prescriptive two by two matrices, that are further segmented into eight by eight matrices, that establish different typologies for supplier segmentation, The application of these frameworks to the universe of buyer-seller relationships I proposed (ostensibly) to lead to improved sourcing outcomes…for the buyer! MORE
RACI stands for Responsible, Accountable, Consulted, and Informed – which refers to the relative governance structure that exists in an organizational relationship. In less mature organizations, the sourcing decision will be more ad hoc, will be typically led by decision-makers in the business unit, and the textbook approach of working through business stakeholders at a local level makes sense. Do they have a formal strategic sourcing program? MORE
Report notes top customer reference scores for usability, implementation and ongoing support . in “ The Forrester Wave™: Source-to-Contract Suites, Q4 2019.” Ivalua is now the only vendor positioned as a Leader in four separate reports — the Gartner Magic Quadrant for Strategic Sourcing Application Suites, Gartner Magic Quadrant for Procure-to-Pay Suites, The Forrester Wave™: eProcurement Platforms, Q4 2019 and this report. Sourcing Uncategorized Source-to-Contract MORE
Against the many new articles and books being produced on the changing face of procurement and the importance of value creation and collaboration, Andrew Cox’s new book “Sourcing Portfolio Analysis” came out earlier this year. The book is essentially a series of prescriptive 2 X 2 and 8 X 8 matrices that establish different typologies for supplier segmentation, that ostensibly can lead to improved sourcing outcomes. MORE
defense firms tend to follow a traditional “white box” sourcing approach, as shown in this figure. Much of the sourcing behavior involved in standard defense industry practices is tied to establishing “price reasonableness” in accordance with FAR 15.403 (FAR, 2005). On a broader scale, the General Accounting Office (GAO) has identified strategic sourcing across multiple tiers of the supply base as a key defense acquisition deficiency (GAO, 2006). MORE
Then, better computing and the Internet came along with the most basic types of procurement sourcing software , perhaps the first and most flexible: spreadsheets. Procurement and Sourcing Software Types . Also referred to as ‘supplier onboarding’ or ‘supplier registration.’ MORE
Report notes top customer reference scores for usability, implementation and ongoing support . in “ The Forrester Wave™: Source-to-Contract Suites, Q4 2019.” Ivalua is now the only vendor positioned as a Leader in four separate reports — the Gartner Magic Quadrant for Strategic Sourcing Application Suites, Gartner Magic Quadrant for Procure-to-Pay Suites, The Forrester Wave™: eProcurement Platforms, Q4 2019 and this report. MORE
While procurement often is a blanketed term that refers to the entire process, procurement technically refers only to the execution of a contract between a supplier and purchaser (or the organization who is procuring the service or good). . MORE
Over last decade, sourcing offices became a major piece within globalized footprint of western retailers. After a first era of development and opportunity catch up particularly positive and characterized by consistent purchasing gains , most of these Sourcing Offices are now searching for their second breath. Back to the origins, the Sourcing Offices have been developed by retailers for two main reasons: #1 Gather demands coming from various entities within a same group. MORE
A slight change within a function–in sourcing or manufacturing, or along the chain–can greatly impact the outcomes of cost, customer service, or working capital. Let’s take a closer look at sourcing. The more planners and the greater the sourcing complexity, the larger the issues requiring a new level of decision support for operations planning. How do purchases from multiple material planners affect sourcing schedules from a supplier? MORE
This month Forrester published 2 major Wave reports, which together span the full Source-to-Pay process. The second, authored by Andrew Bartels and published on December 18, is The Forrester Wave™: Source-To-Contract Suites, Q4 2019. It covers spend analysis, sourcing, contract management and supplier risk and performance management (SRPM), similar in scope to Gartner’s Strategic Sourcing Application Suites Magic Quadrant. Alex Saric, CMO, Ivalua. MORE
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. MORE
I believe we need to move to Open Source tech. This transition from closed and proprietary solutions to open source capabilities will not happen quickly. The Hyperledger project is an Open Source blockchain platform. Our goal is to test the open source version from IBM in the digital sandbox/lab environment at Schneider Electric. It lacks the system of reference of division/company or company/industry. Hyperledger. Blockchain. New concepts? Get used to it. MORE
This refers to the ability of the search engine to find the part using keyword searches in a description field. Contract Management Procure to Pay Strategic Sourcing Supply chain analytics Supply Chain Innovation MORE
Shouldn’t you be able to drive your new sourcing platform in 5 working days or less? This may be a recurring nightmare for you as you evaluate multiple sourcing tools. Ask to speak to a power and a casual user at two client companies – consider these to be references. The sales rep might have assured you that you can. The demo made it look easy to navigate. Your power users loved all the cool features. Even casual users gave a thumbs up. MORE
Today I will focus on KPIs that can provide deep insight into the efficiency and effectiveness of your operations, strategic sourcing efforts and how procurement systems are viewed internally. Each KPI should have a benchmark or reference point of comparison. Last week I suggested that a procurement cockpit is an essential tool to manage your business in 2019. MORE
As part of the Supply Chain Management, an important task of the sourcing team is to identify and Onboard new suppliers regularly. Many information need to be collected and recorded for future reference and evaluation. What is a Vendor Registration Portal? MORE
But emerging technology is now beginning to create new ways to think about sourcing risk, which in the past has been a very manual, encumbered process. This has caused banks to look at the flow of activities in the “source chain”, which refers to the way that third parties use bank data for different opreations. Today, this end to end sourcing process has literally hundreds of different steps in the process. MORE
Operating in the pharmaceuticals sector, he uses clinical trials as a point of reference, noting that it currently takes about two years to find 2,000 patients for a trial. Sourcing with Big Data. Walter Charles’s philosophy on the modern state of sourcing is that it is artificially limited by the tools that teams are using. The traditional three bids and a buy model is a product of software constraints, rather than the ideal method of sourcing. MORE
Cloud has evolved to provide the ideal infrastructure and platform for hosting multiple supply chain partners to collaboratively offer optimized services including planning, logistics, sourcing, procurement and service parts management. MORE
S&OP refers to the cyclical process of aligning business activities that inform an organization’s sales and production planning. Melitta is a household name for anyone who drinks coffee, but the Melitta Group’s business activities extend far beyond drip filters for your morning brew. MORE
EC Sourcing Group
SEPTEMBER 22, 2020
While procurement often is a blanketed term that refers to the entire process, procurement technically refers only to the execution of a contract between a supplier and purchaser (or the organization who is procuring the service or good). .
TPSynergy
AUGUST 29, 2020
As part of the Supply Chain Management, an important task of the sourcing team is to identify and Onboard new suppliers regularly. Many information need to be collected and recorded for future reference and evaluation. What is a Vendor Registration Portal?
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EC Sourcing Group
JUNE 17, 2020
Sourcing and Procurement in Supply Chain Management. The terms “ sourcing” and “procurement” in supply chain management are often used interchangeably, although they are not quite the same. It refers to the entire process of sourcing and contracting with suppliers to gather all of the services and goods you need to make that final product. Sourcing is but one step in the procurement process.
Supply Chain View from the Field
JULY 17, 2015
Andrew Cox’s new book “Sourcing Portfolio Analysis” represents the more traditional “power-based” view of procurement. The book relies on a series of prescriptive two by two matrices, that are further segmented into eight by eight matrices, that establish different typologies for supplier segmentation, The application of these frameworks to the universe of buyer-seller relationships I proposed (ostensibly) to lead to improved sourcing outcomes…for the buyer!
KEPLER Consulting
OCTOBER 18, 2017
Over last decade, sourcing offices became a major piece within globalized footprint of western retailers. After a first era of development and opportunity catch up particularly positive and characterized by consistent purchasing gains , most of these Sourcing Offices are now searching for their second breath. Back to the origins, the Sourcing Offices have been developed by retailers for two main reasons: #1 Gather demands coming from various entities within a same group.
EFT
MAY 1, 2020
We need to look at alternative sources of procurement, of production, alternative factories, alternative countries. In the longer term he says they are focused on “Diversification of sourcing, reducing the dependence of single-source suppliers, and developing relationships with the key partners or IT [vendors] … and invest like no other into demand planning and control towers to give us the most fine-tuned information,” and ability to start making “crystal-ball like” predictions.
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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.
Supply Chain Movement
AUGUST 23, 2018
“Catch the goat when it’s passing” is one of my favourite Chinese sayings, and it is particularly apt when you’re looking to source new products or materials in China. That’s right: that I had not yet found my supplier for the job, and that this supplier had very little experience in producing the product I wanted to source. R) Reference list of clients – The perfect scenario is to have a list of the supplier’s other clients.
NC State SCRC
JANUARY 27, 2018
But emerging technology is now beginning to create new ways to think about sourcing risk, which in the past has been a very manual, encumbered process. This has caused banks to look at the flow of activities in the “source chain”, which refers to the way that third parties use bank data for different opreations. Today, this end to end sourcing process has literally hundreds of different steps in the process.
Jaggaer
MARCH 30, 2020
Operating in the pharmaceuticals sector, he uses clinical trials as a point of reference, noting that it currently takes about two years to find 2,000 patients for a trial. Sourcing with Big Data. Walter Charles’s philosophy on the modern state of sourcing is that it is artificially limited by the tools that teams are using. The traditional three bids and a buy model is a product of software constraints, rather than the ideal method of sourcing.
ivalua
DECEMBER 19, 2019
Report notes top customer reference scores for usability, implementation and ongoing support . in “ The Forrester Wave™: Source-to-Contract Suites, Q4 2019.” Ivalua is now the only vendor positioned as a Leader in four separate reports — the Gartner Magic Quadrant for Strategic Sourcing Application Suites, Gartner Magic Quadrant for Procure-to-Pay Suites, The Forrester Wave™: eProcurement Platforms, Q4 2019 and this report. Sourcing Uncategorized Source-to-Contract
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ivalua
MAY 6, 2020
Last year Forrester published 2 major Wave reports, which together span the full Source-to-Pay process. The second, authored by Andrew Bartels and published on December 18, is The Forrester Wave : Source-To-Contract Suites, Q4 2019. It covers spend analysis , sourcing, contract management and supplier risk and performance management (SRPM), similar in scope to Gartner’s Strategic Sourcing Application Suites Magic Quadrant. The post How to ride the Source to Pay Wave?
EC Sourcing Group
AUGUST 11, 2020
Then, better computing and the Internet came along with the most basic types of procurement sourcing software , perhaps the first and most flexible: spreadsheets. Procurement and Sourcing Software Types . Also referred to as ‘supplier onboarding’ or ‘supplier registration.’
Jaggaer
MARCH 18, 2020
Operating in the pharmaceuticals sector, he uses clinical trials as a point of reference, noting that it currently takes about two years to find 2,000 patients for a trial. Sourcing with Big Data. Walt Charles’s philosophy on the modern state of sourcing is that it is artificially limited by the tools that teams are using. The traditional three bids and a buy model is a product of software constraints, rather than the ideal method of sourcing.
ivalua
DECEMBER 18, 2019
Report notes top customer reference scores for usability, implementation and ongoing support . in “ The Forrester Wave™: Source-to-Contract Suites, Q4 2019.” Ivalua is now the only vendor positioned as a Leader in four separate reports — the Gartner Magic Quadrant for Strategic Sourcing Application Suites, Gartner Magic Quadrant for Procure-to-Pay Suites, The Forrester Wave™: eProcurement Platforms, Q4 2019 and this report.
EC Sourcing Group
JANUARY 24, 2019
Today I will focus on KPIs that can provide deep insight into the efficiency and effectiveness of your operations, strategic sourcing efforts and how procurement systems are viewed internally. Each KPI should have a benchmark or reference point of comparison. Last week I suggested that a procurement cockpit is an essential tool to manage your business in 2019.
Supply Chain Shaman
JUNE 14, 2018
A slight change within a function–in sourcing or manufacturing, or along the chain–can greatly impact the outcomes of cost, customer service, or working capital. Let’s take a closer look at sourcing. The more planners and the greater the sourcing complexity, the larger the issues requiring a new level of decision support for operations planning. How do purchases from multiple material planners affect sourcing schedules from a supplier?
QAD
DECEMBER 3, 2019
That trend has been referred to by a number of terms, such as “buying local” and “eating local”. It means buying food that is sourced and/or grown within a geographical location that could be considered “local”. Though, when a food or beverage product is labeled as “locally grown”, the “local” part usually refers to an area of about 150 miles. The “locally grown” movement has been fueled by the perception that locally grown, produced and sourced foods contain many benefits.
Xeeva
FEBRUARY 13, 2018
In Gartner’s recent annual report, they discuss their predictions as to what will have a great impact on procurement and sourcing technology in the coming year and how the market will change over time. One thing that is definitely clear – the procurement and sourcing market is evolving quickly as technology continues to advance. Why are these at the forefront of procurement and sourcing? He reduces the steps involved in managing your sourcing and procurement.
Supply Chain Shaman
JANUARY 9, 2017
I believe we need to move to Open Source tech. This transition from closed and proprietary solutions to open source capabilities will not happen quickly. The Hyperledger project is an Open Source blockchain platform. Our goal is to test the open source version from IBM in the digital sandbox/lab environment at Schneider Electric. It lacks the system of reference of division/company or company/industry. Hyperledger. Blockchain. New concepts? Get used to it.
EcoVadis
NOVEMBER 26, 2019
Global Sourcing Director – Methods, Tools & Responsible Sourcing (Bel Group). She is the Global Sourcing Director – Methods, Tools & Responsible Sourcing, and she has 10 years of experience in Responsible Purchasing. I have been working as a CSR referent for several years in addition to my position as head of purchasing for non-production goods and services.
EC Sourcing Group
NOVEMBER 14, 2019
Shouldn’t you be able to drive your new sourcing platform in 5 working days or less? This may be a recurring nightmare for you as you evaluate multiple sourcing tools. Ask to speak to a power and a casual user at two client companies – consider these to be references. The sales rep might have assured you that you can. The demo made it look easy to navigate. Your power users loved all the cool features. Even casual users gave a thumbs up.
Supply Chain Movement
NOVEMBER 10, 2014
Sustainable sourcing is a fast developing requirement, driven by customers. Luca Crisciotti: “Sustainable sourcing is a fast developing requirement, driven by customers.” Companies are hindered from progressing on sustainable sourcing for two reasons: economic shortages and the lack of a clear and harmonized frame of reference. Trends brand reputation competitive advantage customers GFK Eurisko Luca Crisciotti market share sourcing suppliers Sustainabilit
NC State SCRC
SEPTEMBER 15, 2017
RACI stands for Responsible, Accountable, Consulted, and Informed – which refers to the relative governance structure that exists in an organizational relationship. In less mature organizations, the sourcing decision will be more ad hoc, will be typically led by decision-makers in the business unit, and the textbook approach of working through business stakeholders at a local level makes sense. Do they have a formal strategic sourcing program?
NC State SCRC
FEBRUARY 8, 2018
defense firms tend to follow a traditional “white box” sourcing approach, as shown in this figure. Much of the sourcing behavior involved in standard defense industry practices is tied to establishing “price reasonableness” in accordance with FAR 15.403 (FAR, 2005). On a broader scale, the General Accounting Office (GAO) has identified strategic sourcing across multiple tiers of the supply base as a key defense acquisition deficiency (GAO, 2006).
USC Consulting Group
APRIL 1, 2020
The term “planning horizon” refers to how far ahead you need to establish your plans. Lean Manufacturing Material Utilization Process Improvement Spend Management Supply Chain Business Strategy Inventory Management Manufacturing Resource Planning Planning and Scheduling S&OP Sales & Operations Planning SIOP strategic sourcing Supply Chain Optimization
Supply Chain View from the Field
AUGUST 11, 2015
Many companies have Enterprise Risk models that they use in their organization that is typically a common format that can be used across different functions to refer to risk. Second, the ability of the supplier to raise prices was limited and in fact likely to decrease when a single source contract was established. A simple set of actions, for the key strategic suppliers (often 40 or less) mitigates almost all of the real sources of risk.
USC Consulting Group
NOVEMBER 2, 2020
Use strategic sourcing by partnering with multiple suppliers to ensure a consistent flow of products. You can Go Your Own Way , but then we may not be able to stop making Fleetwood Mac references and all of your Dreams may not come true.
ivalua
DECEMBER 18, 2019
This month Forrester published 2 major Wave reports, which together span the full Source-to-Pay process. The second, authored by Andrew Bartels and published on December 18, is The Forrester Wave™: Source-To-Contract Suites, Q4 2019. It covers spend analysis, sourcing, contract management and supplier risk and performance management (SRPM), similar in scope to Gartner’s Strategic Sourcing Application Suites Magic Quadrant. Alex Saric, CMO, Ivalua.
Supply Chain View from the Field
APRIL 10, 2013
This refers to the ability of the search engine to find the part using keyword searches in a description field. Contract Management Procure to Pay Strategic Sourcing Supply chain analytics Supply Chain Innovation
NC State SCRC
APRIL 11, 2016
Performance related to the QSTP dimension, and Price was obvious – but Place referred to the local relationships that existed between suppliers and purchasing. I will note that when these principles were introduced on my visit to China with Shanghai Automotive in 2000, the Chinese were very receptive to the concept, and recognized the importance of competitive sourcing to drive cost, quality, service, and technology improvements.
Supply Chain View from the Field
NOVEMBER 16, 2013
Charles Babbage’s book on the economy of machinery and manufacturers, published in 1832, referred to the importance of the purchasing function. Strategic Sourcing Supplier Relationship Management Supply chain Relationships Supply Chain Talent Supply Chain Talent Management Supply Market Intelligence I recently completed a study of 25 CPO’s, each providing their view of what procurement will look like in 2025. You can download the full report at this link.
ToolsGroup
NOVEMBER 2, 2020
S&OP refers to the cyclical process of aligning business activities that inform an organization’s sales and production planning. Melitta is a household name for anyone who drinks coffee, but the Melitta Group’s business activities extend far beyond drip filters for your morning brew.
ivalua
SEPTEMBER 28, 2020
Surely with the convergence of the procurement silo’s into the one Source-to-Pay journey, Ivalua could make the impossible come true for Accounts Payable – and we have!
ToolsGroup
DECEMBER 17, 2020
Cloud has evolved to provide the ideal infrastructure and platform for hosting multiple supply chain partners to collaboratively offer optimized services including planning, logistics, sourcing, procurement and service parts management.
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