Research in Focus: Sourcing Trends and Concerns

Talking Logistics

Below is an excerpt from a report published recently by Amber Road and the American Association of Exporters and Importers (AAEI) titled “ The Trade Trends Report: 2017 Report on Sourcing, Trade, and e-commerce.” Sourcing decisions can complicate or simplify this process.

Transportation Sourcing in an Omni-channel World

Talking Logistics

Unfortunately, many retailers are jumping in without a plan — that is, they are taking a short-term, silo’ed approach to transportation sourcing and execution, and as a result, are failing to meet their desired outcomes. Also, is multi-functional engagement important and, how does omni-channel impact transportation sourcing? According to Joe, enVista’s Director of Transportation, “The key to omni-channel sourcing is that it requires you to understand your goals and objectives.

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Responsible Sourcing! Making Sustainability Happen for Real!

Supply Chain Game Changer

Sustainability is created at the source of our products, services, and consumption. Sustainability is created from Responsible Sourcing. How can you make Responsible Sourcing a Reality? in this case, responsible sourcing. Source Smarter. Source: Purina.

How Big Data Analytics is Revolutionizing Sourcing Processes for Walter Charles III

Jaggaer

To get the details on big data and augmented analytics, download the Gartner report, How Augmented Analytics Will Transform Your Organization: A Gartner Trend Insight Report. . Sourcing with Big Data. This will fundamentally change your sourcing abilities.

COVID-19: Implications on inventory planning, sourcing and procurement

EFT

We need to look at alternative sources of procurement, of production, alternative factories, alternative countries. As demand rides a rollercoaster in the last few months, huge adjustments have been asked from businesses in every corner of the world and sector.

New Gartner Report Identifies Biggest Supply Chain Obstacles

ToolsGroup

A significant number of companies surveyed reported bigger challenges around short-term micro agility than longer-term “macro” supply chain agility. The report concludes, “The potential power of advanced analytics solutions will perhaps trigger an inflection point in supply chain software.”

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New report: End-to-end planning is “first major step” in tariff and trade management

Kinaxis

Source: Preparing Your Supply Chain for Global Trade: Lessons from the Best-in-Class Companies , Bryan Bell, Aberdeen 2019. In 2018, it only took minutes to generate a report. by Sarah Harkins The days of preparing for new trade policies are over.

Report 141

How to ride the Source to Pay Wave? 4 Lessons you can learn from Forrester

ivalua

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. But the report synopsis’ also support this.

How Big Data Analytics is Revolutionizing Sourcing Processes for Walt Charles

Jaggaer

To get the details on big data and augmented analytics, download the Gartner report, How Augmented Analytics Will Transform Your Organization: A Gartner Trend Insight Report. . Sourcing with Big Data. This will fundamentally change your sourcing abilities.

Energy efficiency: Are fossil fuels or renewables the more reliable source?

USC Consulting Group

By just about every measure, natural resources such as these are significantly more efficient than legacy sources like coal, natural gas and oil. “Which energy source gets you the most power delivery for your investment dollar?

What Does It Take To Make Sourcing Truly Strategic?

USC Consulting Group

Marketplace pressures have forced procurement professionals to abandon traditional sourcing practices and implement more responsive strategies designed to promote organizational efficiency, agility and flexibility for growth, not to mention cost reductions.

Lessons from the Latest Forrester Wave Reports

ivalua

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. But the report synopsis’ also support this.

Report 141

Be more Strategic about Your Supply Chain Sourcing

CH Robinson Transportfolio

A strategic approach to sourcing what you need to keep your business moving can help avoid disruptions and stay competitive in today’s competitive market. So just how strategic are you when it comes to sourcing transportation capacity?

Understanding Your Sourcing Footprint is the Key to Procurement Analytics

Supply Chain View from the Field

Direct conversations through on-site engagement with different lines of business is the most direct and effective means of understanding how sourcing processes are occurring today, as well as understanding how the sourcing need evolves and is expressed to suppliers. Supplier registration processes need to be designed around sourcing engagement processes, which track the supplier life cycle. Procure to Pay Strategic Sourcing Supply chain analytics

How is technology transforming global sourcing ?

Claritum

Does your business source products and services from global markets? If your company is sourcing goods and services internationally you could be reaping many benefits. However, you could also face many challenges when globally sourcing across geopolitical boundaries.

New Research Report: The Future of Supply Chain is Networked Platforms

The Network Effect

See below for a visual explanation… Source: ChainLink Research. I’ll write more about these advantages in future posts (the report is worth unpacking in detail), but in the meantime you can read the whole thing here. Image by Michael Heiss/Flickr.

Strategic sourcing and ‘big data’

ivalua

Big data is more than a buzz term, and if you are a strategic sourcing professional, it is a concept that should not be ignored. As a sourcing professional, big data can help you automate and streamline your job – if you have the right tools. Uncategorized big data strategic sourcing

Sorting out Risk in FinTech Source Chains

NC State SCRC

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. Let’s examine the source chain in more detail.

The Dispatch Report | March 2019, Issue No. 11

Shipchain

Plug and Play will not only introduce ShipChain to additional sources of capital, but it will help companies understand how they can save money, reduce delivery times, and, ultimately, increase business by integrating ShipChain’s track and trace platform into their global logistics network.

Ivalua Cited as a ‘Leader’ in Source-to-Contract Technology by Independent Research Firm

ivalua

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.

Ivalua Recongized for Procurement Excellence at Future of Sourcing Awards

ivalua

11, 2019 /PRNewswire/ — Ivalua, a global leader in spend management , today announced that it was selected as the winner of both the Innovations in Third Party Management and Innovations in Digitization awards, presented at the Future of Sourcing Awards event in Carlsbad, CA. Fannie Mae has undertaken a multi-year digital transformation of its complete source-to-pay process to improve efficiency, mitigate risk and ensure transparency. SOURCE Ivalua.

A Guide to Responsible Sourcing in Automotive, Electronics

Material Handling & Logistics

A new report assesses the importance of 37 materials to these industries and evaluates environmental, social and governance risks.

Supplier Management and Sourcing in the Fashion Industry – Under the Spotlight

Jaggaer

More than virtually any other sector, sourcing and supplier management in the fashion industry have been exposed to intense scrutiny in recent years, while the functions have become of increasingly strategic importance to business success.

2017 Supplier Responsibility Progress Report

Supply Chain 24/7

From responsible sourcing to recycling, every aspect of how Apple makes their products is deeply considered, this 11th annual Supplier Responsibility Progress Report details the advancements Apple made in 2016 throughout their supply chain

Locally Sourced and Organic…”*Where You Can!”

NC State SCRC

I had an interesting discussion with an expert in the food industry, and we discussed some of the emerging trends going on in food packaging and local sourcing for food. The food expert I spoke with noted that many of the food packaging companies are beginning to add the term Locally Sourced and Organic. So in the meantime, local food sourcing will remain a challenge – but the work of CEFS and our students will hopefully try to change that.

Are Your Business Analytics and Reports in Distress?

Silvon Software

For businesses that use dashboards and other types of analytics and reports to help run their companies, it isn’t uncommon for many to find that that their reporting systems aren’t up to snuff until something critical happens like a lost major customer, decreased revenue, shrinking margins, and more.

New Industry Report Spotlights Product Innovation for a New Era – Evolving Products to Platforms in a Changing World

Arena Solutions

Spearheaded by Cloud PLM leader Arena Solutions, the report offers new operating principles of product innovation and practical lessons for product developers to navigate uncertain times and accelerate growth.

An update on required ‘Conflict’ Metals reporting…

Operations and Supply Chain Management

First Reports Filed to SEC on Potential Use of Minerals From a Region of War-Torn Africa. The admissions were among reports by nearly 1,300 U.S.-listed “We will be looking for more companies reporting in greater detail soon.”

Congo 52

Business Reporting and Business Intelligence: What’s the difference?

Unleashed

Business reporting and business intelligence (BI) are often referred to interchangeably, but the two are not the same. Business reports give a snapshot of a specific business period and many factors must be considered when preparing these reports. Business reporting.

Supply Chain Talent: Our Take on Deloitte’s Survey Report (part 1)

Demand Solutions

“In times of change, when experimentation tends to be rampant and results are still far from conclusive, one source of guidance can be to look at the companies who are succeeding, and discover what they are doing differently.”. The report is packed with good food for thought.

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Supply Chain Leadership Report: Many Styles Generate Success

Supply Chain 24/7

Seven core competencies identified as essential for leadership success: Compiled from multiple sources, the purpose of this report is to convey a knowledge and skills blueprint for current and future supply chain leaders

Ryder Publishes Corporate Sustainability Report

Supply Chain Network

a leader in transportation and supply chain management solutions, today announced that it has published a Corporate Sustainability Report highlighting Ryder’s progress towards improving the communities and environments where the Company does business. The report profiles Ryder’s efforts to drive business growth in economically viable, environmentally sound, and responsible ways. SOURCE: Ryder System, Inc. Ryder System, Inc.,

Strategic National Stockpiles and Sourcing for the National Interest!

Supply Chain Game Changer

Trump’s action with 3M raises questions for any country about what their Strategic Stockpiles should be and whether future sourcing decisions and actions should be based on parochial nationalistic needs or magnanimous global needs. as reported in the Toronto Sun. Subscribe Here!

How Do You Distinguish Between Reporting and BI?

Unleashed

Reporting and Business Intelligence (BI) are both incredibly vital tools for your business and each has a strong suit. Reporting. Reporting is usually thought of as being static. On a day-to-day basis, reporting can keep things operating like clockwork.

Sourcing Success Story Increased Participation and Savings

EC Sourcing Group

Raw Material Sourcing Success Story: More Suppliers Participated plus Time and Hard Dollar Savings. The direct materials category manager kept hearing rave reviews about a new sourcing platform from the indirect category manager.