Improving on Strategic Sourcing

Logistics Viewpoints

These days, sourcing has become a common discipline in supply chain and transportation management. There is an organizational expectation that transportation modes will be sourced and cost will be taken out of the network with some regularity. Procurement/Sourcing Transportation Management Systems transportation management system transportation sourcing

The Top 5 Reasons You Need a Transportation Sourcing Solution

Talking Logistics

However, if your role is managing the movement of widgets from point A to point B, or multiple points, the freight procurement task before you can be labor intensive and time consuming — unless you use a technology solution specifically designed for transportation sourcing.

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Sourcing Your Supply Chain Successfully in Mexico

Ryder Exchange

Imagine a birds-eye view of a freeway at rush hour in any major American city, as the lanes fill up with every conceivable make and model of automobile.

Hilarious Sourcing Videos

NC State SCRC

I had an opportunity to watch some hilarious sourcing videos recently that I discovered on a sourcing blog by Citro Strategy. Contract Management Customer Relationship Management Strategic Cost Management Strategic Sourcing Supplier Relationship Management Supply Chain Management

CIO: Here's Why Analytics is Eating the Supply Chain

Life science companies are adopting innovative cloud technology to provide a single source of truth for end-to-end supply chain decision-making

Strategic sourcing enters a new age. Are you keeping up? (Part 1)

Directworks

Since its inception in the late 1980s, strategic sourcing has always been about getting the best value for the goods and services purchased from third party suppliers. The processes and strategies driving supply chain management success are evolving and strategic sourcing is being redefined.

Strategic sourcing enters a new age. Are you keeping up? (Part 2)

Directworks

In last week’s blog , I began discussing telltale signs that you have entered the new age of strategic sourcing. Improving costs remains a core competency for any sourcing organization. Strategic Sourcing Requires Collaborative Working Arrangements with Key Suppliers.

Supply Chain Sourcing Taking on More Geo-Political Significance

Supply Chain Matters

The importance and implications of existing or future supply chain management sourcing strategies continue to be brought to light. Global trade trends Procurement and Sourcing Social Responsibility Strategies for Global Supply Chains Supplier Management Supply Chain Performance Supply Chain Risk Management effects of Brexit on industry supply chains supply chain global sourcing strategies Supply chain Matters blog

Lumber Liquidators Terminates Sourcing of China Produced Laminate Flooring

Supply Chain Matters

Procurement and Sourcing Product Quality Retail Supply Chain Lumber Liquidators China sourcing Lumber Liquidators supply chain Supply chain Matters blogIn February of 2015, Lumber Liquidators, at the time, one of the largest and fastest growing retailers of hardwood and laminate flooring in North America was involved in a supply chain expose. Approaching 18 months later, the retailer continues to deal with the customer, brand and financial impacts of that disclosure.

Make Better Logistics Sourcing Decisions with Data-Driven Optimization

Talking Logistics

Over the past few years, as supply chains have grown in scale and complexity, so has the logistics sourcing process. Mature sourcing organizations, which have been doing traditional sourcing and category management, are starting to plateau in terms of savings and impact to their organizations, yet each year are faced with increasing savings mandates and pressure to improve performance. Live Episode: Thursday, October 15, 2015 at 12:00 ET.

Source to Store Supply Chain Transparency

Supply Chain 24/7

Transparency-One expands source to store supply chain transparency software with risk management solutions to help businesses manage social responsibility, product safety, and sustainability risks across multiple product categories

Want to be a Strategic Sourcing Rising Star? Think New Products.

Directworks

If you happen to be a strategic sourcing professional within the manufacturing industry, you probably are experiencing many challenging days at the office. And this is exactly where sourcing and supply chain professionals can make a name for themselves.

Blockchain: A Single, Immutable, Serialized Source of Truth

Material Handling & Logistics

Acquire the source materials: add a block. And so on, from source to end-customer receipt. Always Available: A Shared, Distributed “Source of Truth”. No source vendor means there is no need for a recurring contract or service provider relationship.

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.

Getting Fresh Vegetables from Source to Shelf Quickly and Safely …

Ryder Exchange

Getting quality vegetables from source to shelf without compromising safety or quality can be a tough challenge. So how do you get vegetables from source to shelf quickly, safely and without compromising quality?

Strategic sourcing and ‘big data’

Directworks

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

Supplier Ecosystems as a Source of Innovation

Supply Chain @ MIT

The Internet of Things (IoT) is increasing the need to look beyond the enterprise’s four walls to keep pace with fast-changing markets.

Sustainability: Do Supply Management and Global Sourcing Matter? (Guest Post by Jury Gualandris, UCD)

SCM Research

Over the last decades, however, supply chains have been undergoing a process of increasing globalization, which has created the need for differentiated sustainability approaches for firms sourcing globally rather than regionally. On the one hand, traditional supply management based on supply base reduction and coordination will compensate global sourcing’s drawbacks, such as longer distances and socio-economic, cultural differences.

Manufacturing Sourcing in China- What Have We Learned?

Supply Chain Matters

China Supply Chain Strategy Procurement and Sourcing Product Lifecycle Management Supply Chain Risk Management Supply Chain Strategy challenges in sourcing and procurement independent supply chain and B2B industry analyst Bob Ferrari's blog sourcing manufacturing in China strategic sourcing strategies Supply chain Matters blogI recently came across a report from business network CNBC that had the eye-gripping title; Why US Manufacturers are Nixing the US for China.

Is Supply Chain “The” Source of Greater Economic Stability?

Logistics Viewpoints

On Saturday I engaged in a rare weekend activity for myself – I actually thought about supply chain. I thought about the transition from “push” processes to greater use of demand pull in replenishment; how retailers are sharing downstream POS data with their suppliers to develop a more efficient supply network; how multi-echelon inventory optimization […]. Inventory Management Production Statistics Supply Chain Planning

Supplier Co-Innovation: The Next Source for Economic Growth

NC State SCRC

We hear the words “innovation” as a source for growth in the economy over and over again. But what will be the true source of innovation? To generate such forms of value creation, procurement will need to tap into a key source of new ideas and creativity: their suppliers.

Static Inventory an Untapped Source of Working Capital

Supply Chain @ MIT

Inventory management policies that fail to keep pace with shifting product demand can lock up valuable working capital, especially in volatile markets. By dynamically managing inventory without compromising service levels, companies can free up these unexploited reserves of working capital.

Spain 30

Don’t Jump In Without a Plan: Transportation Sourcing in an Omni-channel World

Talking Logistics

But many retailers are jumping in without a plan — that is, they are taking a short-term, siloed approach to transportation sourcing and execution, and as a result, are failing to meet their desired outcomes. How does omni-channel impact transportation sourcing? The post Don’t Jump In Without a Plan: Transportation Sourcing in an Omni-channel World appeared first on Talking Logistics with Adrian Gonzalez. Live Episode: Tuesday, January 20, 2015 at 12:00 ET.

Supply Chain Matters Founder Bob Ferrari to Speak at Intesource E-Sourcing Innovation Conference

Supply Chain Matters

Such trends include more rapid advances in the technology and software applications supporting sourcing and procurement business processes. On March 8-10, e-Sourcing technology provider Intesource will be hosting its 2015 InnovationBest Practices in Sourcing customer conference in Las Vegas. This week on the Intesource E-Sourcing Society blog, Bob is featured […]. The role and contribution by procurement to the business is changing rather rapidly.

A Tale of Two Procurement Books: Cox’s Sourcing Portfolio Analysis (Cox) & Strategic Sourcing in the New Economy (Keith et al.)

Supply Chain View from the Field

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!

Be more Strategic about Your Supply Chain Sourcing

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?

Strategic Sourcing: The Key to Competitive Advantage

Supply Chain Opz

Strategic Sourcing has been used by companies of all sizes for years. This commentary highlights some of the key principles to strategic sourcing. However, priority is always given to cost cutting initiatives.

Jim Young: Sourcing for a Startup

Inbound Logistics

is responsible for everything from sourcing materials and services to shipping finished products Jim Young, senior supply chain manager at Applied Microstructures, Inc.,

Best-Cost vs. Least-Cost Sourcing

Talking Logistics

A month later, Walmart announced that it will increase its sourcing of US products by $50 billion over the next 10 years. Kevin discusses three factors that are helping to drive the reshoring trend, but the one that caught my attention the most was how companies are shifting their focus from least-cost sourcing to best-cost sourcing. One is the thought process around best-cost sourcing versus least-cost sourcing.

Factory Destruction Across Vietnam: Supply Chain Sourcing Flexibility and Resiliency Has Never Been as Important

Supply Chain Matters

In the quest to seek alternative global low-cost manufacturing sourcing across multi-industry supply chains, countries such as Thailand and Vietnam were high on the list. Both offered relatively attractive direct labor wage rates while offering a highly educated and motivated workforce. Up to this point, that has resulted in a steady flow of foreign investment in these countries including internal supply chain ecosystem capabilities.

Creating a Sourcing and Procurement Process Plan

Arkieva

What are the key elements of a sourcing and procurement process plan? Strategic sourcing is a fact based and systematic approach that organizations use to optimize the management of their supply chain. Creating a sourcing and procurement plan.

Do you have the right sourcing technology? Ask yourself three questions.

Directworks

The strategic sourcing technology market is a crowded space. Walk the exhibit floor at the annual ISM conference and you’ll easily find more than 40 providers offering a wide variety of e-sourcing solutions. So how do you know if you have the right sourcing technology for your business?

Digital Sourcing in the New Retail Economy

Supply Chain 24/7

This ebook reveals the findings of a survey of 250 retailers focusing on the state of global sourcing and supply chain management, it reveals how retailers still have a long way to go to better streamline communication and simplify their operations

Customer Service: The Source of Supply Chain Innovation

The Logistics of Logistics

Customer Service: The Source of Supply Chain Innovation. In December’s issue of InBound, editor Keith Biondi cited customer service as the source for supply chain innovation. Customer Service: The Real Source of SCM Innovation. The post Customer Service: The Source of Supply Chain Innovation appeared first on The Logistics of Logistics. Not technology. Not business process re-engineering (BPR). Interesting, right?

Second Thoughts on Second Sourcing

Supply Chain @ MIT

Not keeping all of your eggs in one supply basket is an appealing strategy to increase supply chain resilience. But it’s not always effective. Aero engine maker Pratt & Whitney has doubled up suppliers in an effort to avoid interruptions to the production of its new turbofan engine.

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.

Deep Dive on 2017 Prediction Four: Increased Anti-Trade Geopolitical Forces Provide Added Global Sourcing Challenges

Supply Chain Matters

The following Supply Chain Matters blog is part of our ongoing series of deep dives into each of our previously unveiled ten 2017 Predictions for Industry and Global Supply Chains. At the start of the New Year, our parent, the Ferrari Consulting and Research Group along with our Supply Chain Matters blog as a broadcast […].

Andrew Cox’s “Sourcing Portfolio Analysis”: More of the Same

Supply Chain View from the Field

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.

Global Supply Chain Risk Exposures Report- Continued Reinforcement for More Risk-Balanced Sourcing Decisions

Supply Chain Matters

From our Supply Chain Matters lens, it provides a yet another stark indicator that supply chain disruption and risk criteria were most likely not weighted high in past outsourcing or global based manufacturing and strategic sourcing strategies. Within its 5th annual Natural Hazards Risk Atlas, risk analytics and advisory firm Verisk Maplecroft calls attention to high profile risk cities that happen to be today’s growing manufacturing and logistics hubs.

Collaboration will drive future sourcing and supplier management success

Directworks

Historically, if you asked sourcing leaders to name the one competency they felt they needed their procurement and sourcing teams to master in order to achieve ongoing sourcing and supplier management success, most would likely have said negotiation skills.