Expert insights. Personalized for you.
Now that our first webinar , ‘Do You Have a 360° Degree View of Your Suppliers?’, in our 2020 Fall Webinar Series is now over, we wanted to share our takeaways with you. What is your supplier risk priority? Do you have a formal risk management program in place? MORE
They build strong supplier relationships to deliver on-time, high quality products and meet capacity demands. Given that sourcing and supplier management teams are responsible for building and maintaining supplier relations, they also have the opportunity to drive innovation. Through strong supplier management, you hold a key to helping your company tap into a much larger brain trust that extends beyond their own walls. MORE
Doug Keeley, Product Marketing Manager, Ivalua. The most fundamental spend categorization in Procurement is the line between direct and indirect spend, but one effort that transcends this split is supplier management. This includes supplier information management, supply chain risk management/mitigation, and supplier performance management. Who is the supplier, who are the points of contract, what are the terms of service or delivery? MORE
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? MORE
At this point, most … The post Managing Your European Supply Chain Network: Tactical Responses to the Coronavirus Pandemic appeared first on Chainalytics. Blog Supply Chain Consulting Supply Chain Design distribution planning Flow Path Optimization Production Planning Scenario Planning strategic network design supplier management Supply Chain Network Design supply network planningCOVID-19 is testing the resiliency of supply chains worldwide and particularly in Europe. MORE
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. MORE
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. MORE
The post How to Strengthen Your Supplier Management Strategies appeared first on Jaggaer. MORE
“The automation has streamlined the Council’s contract management and supplier performance processes and as such we feel that this has increased our business efficiency and improved internal and third-party collaboration by reducing operating expenses.” – Tommy Burns, Procurement Project Officer – East Ayrshire Council. B oth councils adopted JAGGAER’s contract lifecycle management software , which complemented their use of (public contracts Scotland) PCS-Tender. MORE
So, if we think about low value or low risk spend, these bots are able to interact and negotiate in a simple way with suppliers, to deliver value.”. Nic points out that much of our focus today is on the tier one, or most significant suppliers. MORE
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. MORE
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. MORE
Richard is professor and chair in Supply Chain Strategy at Cranfield University and has had a very distinguished career, both in Procurement and supply chain management. MORE
Without inventory management, businesses, economies, and societies would descend into chaos. Inventory management is one of the most crucial elements in developing strong and resilient supply-chains that aren’t affected by the volatile marketplace. Supplier Management MORE
So, if we think about low value or low risk spend, these bots are able to interact and negotiate in a simple way with suppliers, to deliver value.”. Nic points out that much of our focus today is on the tier one, or most significant suppliers. MORE
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. Sure, suppliers have in common that they sell you products or services and you pay them, but that’s about where the commonality ends. This has significant implications for who can add or modify what data relating to the supplier. MORE
It’s arguably never been more important to have a 360° view of your suppliers than it is right now. Some of these issues could’ve been avoided, or at least minimized with a stronger supplier strategy. Covid-19 exposed one glaring hole in many organizations’ supplier ecosystems. MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
Richard is professor and chair in Supply Chain Strategy at Cranfield University and has had a very distinguished career, both in Procurement and supply chain management. MORE
“The objective of supplier management is to ensure that all contracts with suppliers support the needs of the business.” 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? Why is effective supplier management important? MORE
When it comes to assessing progress toward digital transformation of the procurement function, a lot of companies appear far less advanced than they think they are MORE
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? MORE
For QAD Adaptive ERP and QAD Adaptive Applications, the latest enhancements include: Effective Enterprise Management. Complete Customer Management. Integrated Supplier Management. business intelligence erp Integrated supplier management R&D september 2020 release MORE
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. MORE
With 2020 well and truly begun, the timely question of whether you’ve had you had your annual supplier meetings yet, or not, springs to mind. If you haven’t, do your suppliers know what you expect from them? Orchestrate your supplier management for maximum benefit. Download the white paper, “ How to Achieve Holistic Supplier Management.”. See a supplier meeting as an opportunity. It can also show information about supplier performance. MORE
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. MORE
Supplier Management Related Topics 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.
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?
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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.
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.
ivalua
MAY 9, 2019
Doug Keeley, Product Marketing Manager, Ivalua. The most fundamental spend categorization in Procurement is the line between direct and indirect spend, but one effort that transcends this split is supplier management. This includes supplier information management, supply chain risk management/mitigation, and supplier performance management. Who is the supplier, who are the points of contract, what are the terms of service or delivery?
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.
|
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.
HICX Solutions
MARCH 17, 2020
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. Sure, suppliers have in common that they sell you products or services and you pay them, but that’s about where the commonality ends. This has significant implications for who can add or modify what data relating to the supplier.
ivalua
NOVEMBER 25, 2015
They build strong supplier relationships to deliver on-time, high quality products and meet capacity demands. Given that sourcing and supplier management teams are responsible for building and maintaining supplier relations, they also have the opportunity to drive innovation. Through strong supplier management, you hold a key to helping your company tap into a much larger brain trust that extends beyond their own walls.
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.
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.
|
Jaggaer
NOVEMBER 3, 2020
The post How to Strengthen Your Supplier Management Strategies appeared first on Jaggaer.
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?
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.
Jaggaer
MAY 19, 2020
“The automation has streamlined the Council’s contract management and supplier performance processes and as such we feel that this has increased our business efficiency and improved internal and third-party collaboration by reducing operating expenses.” – Tommy Burns, Procurement Project Officer – East Ayrshire Council. B oth councils adopted JAGGAER’s contract lifecycle management software , which complemented their use of (public contracts Scotland) PCS-Tender.
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.
HICX Solutions
OCTOBER 13, 2020
Richard is professor and chair in Supply Chain Strategy at Cranfield University and has had a very distinguished career, both in Procurement and supply chain management.
HICX Solutions
OCTOBER 13, 2020
Richard is professor and chair in Supply Chain Strategy at Cranfield University and has had a very distinguished career, both in Procurement and supply chain management.
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.
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.
CHAINalytics
APRIL 2, 2020
At this point, most … The post Managing Your European Supply Chain Network: Tactical Responses to the Coronavirus Pandemic appeared first on Chainalytics. Blog Supply Chain Consulting Supply Chain Design distribution planning Flow Path Optimization Production Planning Scenario Planning strategic network design supplier management Supply Chain Network Design supply network planningCOVID-19 is testing the resiliency of supply chains worldwide and particularly in Europe.
ProcurePort
AUGUST 19, 2020
Without inventory management, businesses, economies, and societies would descend into chaos. Inventory management is one of the most crucial elements in developing strong and resilient supply-chains that aren’t affected by the volatile marketplace. Supplier Management
Supply Chain Brain
JUNE 17, 2019
When it comes to assessing progress toward digital transformation of the procurement function, a lot of companies appear far less advanced than they think they are
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.
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.
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.
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.
Jaggaer
SEPTEMBER 29, 2020
It’s arguably never been more important to have a 360° view of your suppliers than it is right now. Some of these issues could’ve been avoided, or at least minimized with a stronger supplier strategy. Covid-19 exposed one glaring hole in many organizations’ supplier ecosystems.
QAD
OCTOBER 6, 2020
For QAD Adaptive ERP and QAD Adaptive Applications, the latest enhancements include: Effective Enterprise Management. Complete Customer Management. Integrated Supplier Management. business intelligence erp Integrated supplier management R&D september 2020 release
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.
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.
HICX Solutions
OCTOBER 20, 2020
So, if we think about low value or low risk spend, these bots are able to interact and negotiate in a simple way with suppliers, to deliver value.”. Nic points out that much of our focus today is on the tier one, or most significant suppliers.
HICX Solutions
OCTOBER 20, 2020
So, if we think about low value or low risk spend, these bots are able to interact and negotiate in a simple way with suppliers, to deliver value.”. Nic points out that much of our focus today is on the tier one, or most significant suppliers.
Jaggaer
OCTOBER 13, 2020
Now that our first webinar , ‘Do You Have a 360° Degree View of Your Suppliers?’, in our 2020 Fall Webinar Series is now over, we wanted to share our takeaways with you. What is your supplier risk priority? Do you have a formal risk management program in place?
Jaggaer
FEBRUARY 4, 2020
With 2020 well and truly begun, the timely question of whether you’ve had you had your annual supplier meetings yet, or not, springs to mind. If you haven’t, do your suppliers know what you expect from them? Orchestrate your supplier management for maximum benefit. Download the white paper, “ How to Achieve Holistic Supplier Management.”. See a supplier meeting as an opportunity. It can also show information about supplier performance.
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