ivalua

APRIL 8, 2020

Convinced that their sizes and brands will attract suppliers anyway, they entrench themselves behind the gates of rigid procurement processes. This multi-channel strategy tailored to suppliers’ capabilities is what differentiates best-in-class from a peer group as a report from The Hackett Group reveals. This translates into a powerful lesson learned for Procurement: motivate your suppliers rather than merely manage them. Why would it be different for suppliers?

Supplier Management 109

Supplier Management Procurement Pharmaceutical Innovation 109

QAD

SEPTEMBER 3, 2020

The disruption caused by the COVID-19 pandemic has certainly increased the awareness among manufacturers for improved communication and collaboration with suppliers. Manufacturers require integrated supplier management to ensure the timely flow of goods and information.

Supplier Management 63

Supplier Management Automotive Sourcing Quality 63

EC Sourcing Group

JUNE 3, 2020

What Is Strategic Supplier Management? Perhaps one of the toughest tasks of all in the entire supply chain and procurement process is mitigating the human factor and evaluating the relationships you have with your suppliers and strategic partners. Supplier management is not talked about nearly enough as other procurement processes or management, yet it is still a critical aspect of the entire chain. Lastly, there are your vendors or approved suppliers.

Supplier Management 40

Supplier Management Procurement Software Groups 40

ivalua

NOVEMBER 25, 2015

However, few manufacturers ever sit back and ask, “How can our procurement or strategic sourcing initiatives contribute to the overall customer experience?” I would argue that, if you’re in manufacturing, strategic sourcing is the first place to start shaping the customer journey. In manufacturing, it is the strategic sourcing group that finds the best component parts for new product introductions. This problem appears to be the result of sourcing choices.

Supplier Management 100

Supplier Management Sourcing Manufacturing Innovation 100

Jaggaer

MARCH 2, 2020

What is the optimal way to categorize your suppliers so that you can manage them better and maximize business continuity? The report, therefore, provides a very useful insight into supply chain management and resilience from the perspective of this community. Organizations, it seems, are getting better at managing their immediate (tier 1) suppliers. Incidents involving tier 1 suppliers fell below 50% for the first time since 2016 (48.9%). Tier Suppliers.

Supplier Management 66

Supplier Management Procurement Report Supply Chain Disruption 66

ivalua

DECEMBER 10, 2015

Apple has long been known as a leader in supply chain management with Gartner consistently ranking them number one in its annual report identifying the Top 25 Supply Chain Leaders. Apple’s sourcing and supplier management practices are under a constant microscope and have certainly taught us many valuable lessons including: The importance of keeping your supply chain as simple as possible. The need to demand supplier transparency and responsibility.

Supplier Management 122

Supplier Management Sourcing Supply Chain Report 122

ivalua

JANUARY 15, 2021

The solution will support Intalere’s Supplier Management, eSourcing, Contract Lifecycle Management and transactional procurement processes. New York, NY January 07, 2021. We are excited to announce that Intalere, a healthcare supply chain GPO based in St. Louis, Mo.

St. Louis 26

St. Louis New York Procurement Supplier Management 26

TPSynergy

SEPTEMBER 2, 2019

Along with your customers, suppliers and purchasing agents need the same level of info just as fast. The fastest and most cost-effective way to implement this is with a supplier vendor portal. Here are some of its benefits: SUPPLIER SELF-SERVICE. Portals allow the supplier to have a high degree of autonomy. Inquiries that would have taken days or even weeks through a lengthy process of calls and emails is instead done by the supplier in a few clicks.

Supplier Management 40

Supplier Management Supply Chain Distribution Sourcing 40

HICX Solutions

JUNE 6, 2019

“The objective of supplier management is to ensure that all contracts with suppliers support the needs of the business.” ” (Source: ITIL® Process Map & ITIL® Wiki ). At first glance, supplier management seems like an easy thing to sum up. In very broad terms, it refers to the management of relationships with third-party vendors that supply your organisation with essential goods and services. What is supplier management?

Supplier Management 40

Supplier Management Policies Government Course 40

HICX Solutions

MAY 23, 2019

Here at HICX we are championing the importance and value of evolved supplier management. Evolved supplier management focuses on moving beyond mere strategic sourcing and category management, and instead encouraging organisations to think differently about how they work with their suppliers. In this blog we take a look at the key components of supplier management , starting with… 1. Supplier Innovation.

Supplier Management 40

Supplier Management Quality Survey Data 40

HICX Solutions

MARCH 17, 2020

The continued growth in the adoption of procurement-to-pay (P2P) or source-to-settle (S2S) suites in the last few years is testament to the significant value they deliver to procurement teams in businesses of all sizes. One of the most common scenarios is to have the P2P system become the master for supplier data and the single portal for all suppliers to the business. Firstly, suites aren’t designed for the huge variety in the supplier base.

Supplier Management 40

Supplier Management Exercises Procurement Case Study 40

Claritum

JULY 31, 2018

This article focuses on effective supplier management. The five pillars of effective supplier management covered in this article are: Supplier Information Management. Supplier Lifecycle Management. Supplier Performance Management. Supplier Risk, Diversity and Compliance Management. Supplier Relationship Management. 1 Supplier Information Management. 2 Supplier Lifecycle Management.

Supplier Management 39

Supplier Management Procurement Government Quality 39

Jaggaer

JULY 23, 2019

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. Supply chains are multi-tiered and therefore difficult to manage. For these and many other reasons, the role of purchasing and supplier management is highly strategic in the fashion industry.

Italy 40

Italy Bangladesh Supplier Management Sourcing 40

ivalua

NOVEMBER 5, 2015

Which got me to thinking… If you are a manufacturer, what supplier management practices might you eliminate if you had a clean slate? Here are some to consider: Segmenting suppliers by spend – By segmenting on total spend, and only focusing on those who you are spending the most with, glaring gaps open up. Are there suppliers that you spend less on who could become the cornerstone of your product?

Supplier Management 100

Supplier Management Sourcing Report Metrics 100

ivalua

SEPTEMBER 3, 2015

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. And as time passed, this critical talent has evolved well beyond the ability to squeeze vendors and suppliers down to the lowest price. But collaboration is not reserved for suppliers.

Supplier Management 148

Supplier Management Sourcing Procurement Innovation 148

ivalua

SEPTEMBER 3, 2015

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. And as time passed, this critical talent has evolved well beyond the ability to squeeze vendors and suppliers down to the lowest price. But collaboration is not reserved for suppliers.

Supplier Management 100

Supplier Management Sourcing Procurement Innovation 100

ivalua

JULY 15, 2015

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. Strategic sourcing requires an intense focus on the total cost of ownership, while incorporating customer needs, organizational goals, and market conditions. The decision making process used to select suppliers must be fact-based and driven by a rigorous analytical approach.

Sourcing 131

Sourcing Strategy Survey Sustainability 131

ivalua

DECEMBER 20, 2019

One size does not fit all when it comes to supplier onboarding. Best practices have evolved to a tiered approach that segments suppliers and adapts to dynamic business needs. . A tiered approach to supplier onboarding helps Sourcing and Procurement leaders develop a sensible list of checks and resources. Among other things, this prevents redundancies when suppliers get asked the same questions by multiple departments. . Onboarding High-Value Suppliers.

Innovation 100

Innovation Procurement Sourcing Policies 100

ivalua

APRIL 1, 2019

Supplier information is typically viewed by procurement organizations as one of two things. It is either a data input, such as what we gather and use in spend analysis, or it is a process by-product, such as the information we gather from prospective suppliers during strategic sourcing. Procurement knows supplier information is useful and important, and that it needs to be cleansed and standardized after we collect it. It does not tell us much about the suppliers.

Procurement 122

Procurement Sourcing Analysis Data 122

ivalua

MARCH 13, 2019

Afrika Morris, Senior Field Marketing Manager UKI at Ivalua. F1 Veteran, Mark Gallagher highlighting the impact of supplier innovations on pit stops – resulting in team success. Adopt a Collaborative Approach – Embrace suppliers as partners, not vendors. If you are successful, your suppliers will be successful, and vice versa. Source the right suppliers and set a good foundation from the first steps to build trust and foster innovation.

Innovation 109

Innovation Supply Chain Security Procurement 109

ivalua

JUNE 6, 2019

Managing Director, Art of Procurement. If this foundation does not exist or if it is shaky, then buyers don’t know how much the company is spending with a given supplier, let alone how they can improve the efficiency or impact of a given spend category. Unlike industries such as retail and professional services, which start by managing indirect spend and then gradually transition to influence directs, most procurement teams in the automotive space take a direct-spend first approach.

Procurement 100

Procurement Automotive Exercises Data 100

EC Sourcing Group

NOVEMBER 17, 2020

The importance of using supply chain management software is notable because of the importance of the supply chain itself. Read on to learn more about types of supply chain management software and how to pick the best type for your company’s needs. . Contract management.

Software 52

Software Procurement Tools Forecasting 52

Insights Solutions Global

JULY 12, 2018

Poor supply chain management and NPI process are the major causes of death of many businesses. Supplier Management Supplier SourcingBut the good news is, you can always keep on eye on the 5 areas listed here to avoid the final destination. The post 5 Ways to Go Beyond The Manufacturing Valley of Death appeared first on Insight Solutions Global.

Global 40

Global Supply Chain Manufacturing Sourcing 40

ivalua

JUNE 24, 2015

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. This magnifies drastically when you multiply across all of sourcing, as well as suppliers, engineers, and managers. Now let’s turn to why you, as a sourcing professional, should care more about big data.

Big Data 125

Big Data Sourcing Data Tools 125

EC Sourcing Group

OCTOBER 27, 2020

It’s always a good idea to have human thought behind some evaluation, but having supply chain and risk management software can also be a benefit to help you identify and analyze risks more thoroughly. Supply Chain and Risk Management Software : Identifying Risk.

Risk Management 52

Risk Management Software Procurement Analysis 52

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. Some of these are supported by artificial intelligence, for example to map inbound supplier invoices for automated data entry.

Procurement 53

Procurement Research Data Sustainability 53

Claritum

MARCH 10, 2020

The sourcing of products and/or services within the Category; the management of suppliers associated with the category; and strategic planning for this category. CIPS define category management as: “the entire science of the procurement subject applied to a single genre of expenditure”. “As Depending on the nature of the purchase, within a category, there will be different levels of a supplier relationship. Supplier and Market research. Change Management.

Procurement 32

Procurement Sustainability Innovation Supply Chain 32

Jaggaer

FEBRUARY 18, 2020

The recent disruptions to supply chains caused by the coronavirus epidemic in China have given supply managers the world over pause for thought. Leverage your supplier management for maximum benefit with the white paper: How to Achieve Holistic Supplier Management. Strategic Supplier Management. Supplier ecosystems are increasingly diverse. Strategizing for a diverse range of suppliers. Holistic Supplier Management.

China 66

China Procurement Sourcing Security 66

EC Sourcing Group

AUGUST 11, 2020

You would have spent endless hours on phone calls with vendors and suppliers, keeping conversations and facts and figures straight. . Read on to take a look at procurement management software and how it can work best for you. . Procurement and Sourcing Software Types .

Sourcing 56

Sourcing Procurement Software Analysis 56

ivalua

MARCH 10, 2016

In this era of purpose-built solutions there is no reason to settle for direct materials sourcing and supplier management technology that is: Good enough because it’s an integrated module sold with an ERP system Close enough because it’s really built for indirect spend management Useful enough because it’s a spreadsheet-and-email managed process Yes, you can usually get the job done with any of these approaches, but you will sacrifice productivity and the results will be mixed at best.

Groups 100

Groups Sourcing Software Manufacturing 100

HICX Solutions

FEBRUARY 26, 2020

When it comes to managing your organisation’s suppliers , it’s likely that one of your main concerns is increasing supply chain efficiency. In fact, according to a survey carried out by PayStream Advisors , 39% of enterprise-level (companies with revenues greater than $2bn) procurement and sourcing professionals listed ‘increasing supply chain efficiency’ as their main aim when it comes to managing suppliers.

Procurement 40

Procurement Data Data Management System 40

HICX Solutions

OCTOBER 20, 2020

Nic also mentions Blockchain and smart contracts to consider in the longer term, adding, “Something else that I’ve seen are sourcing and negotiation ‘bots.’ Nic points out that much of our focus today is on the tier one, or most significant suppliers.

Procurement 56

Procurement Internet of things Sourcing Survey 56

Supply Chain Game Changer

AUGUST 15, 2019

Strategic Supplier Relationship Management – Do’s and Don’ts. Does your business rely on at least one supplier? Or do you need multiple suppliers in order to perform your daily operations? Either way the quality, reliability, and value for cost of your suppliers is crucial to your organization’s success. On the other side, if your suppliers don’t live up to the standards you require, your organization can be damaged. Subscribe Here!

Six Sigma 62

Six Sigma Quality Sourcing Groups 62

EC Sourcing Group

JULY 7, 2020

What Is eSourcing in Supply Chain Management? When you think about the supply chain, you’re thinking about the entire process from start to finish when it comes to creating a good, while procurement is only one small part of the supply chain—essentially working with suppliers and internal stakeholders to procure and attain goods and services in a timely fashion for manufacture (or for other means) that are the best fit for the organization. . supplier relationship management.

Procurement 40

Procurement Software Sourcing Education 40

HICX Solutions

OCTOBER 20, 2020

Nic also mentions Blockchain and smart contracts to consider in the longer term, adding, “Something else that I’ve seen are sourcing and negotiation ‘bots.’ Nic points out that much of our focus today is on the tier one, or most significant suppliers.

Procurement 52

Procurement Internet of things Sourcing Survey 52