A Look at Direct v. Indirect Supplier Management in Three Industries

ivalua

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.

What has been Apple’s greatest impact on supplier management? The answer may surprise you.

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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. The need to demand supplier transparency and responsibility. Blog Featured Supplier Management

Why Strategic Sourcing and Supplier Management Can Make or Break Your Customer Experience

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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.

5 Pillars of Effective Supplier Management

Claritum

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.

If you had a clean slate, what supplier management practices would you eliminate?

ivalua

Which got me to thinking… If you are a manufacturer, what supplier management practices might you eliminate if you had a clean slate? Are there suppliers that you spend less on who could become the cornerstone of your product?

Collaboration will drive future sourcing and supplier management success

ivalua

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.

Unlocking Innovation from Your Supply Chain – Lessons from Formula 1 Racing

ivalua

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.

Collaboration Will Drive Future Sourcing and Supplier Management Success

ivalua

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.

What You Really Need To Know About Your Suppliers – And Why

HICX Solutions

The importance of structured and effective supplier management has increased for major organisations over the years. The regulatory and compliance burden has increased in recent years in terms of organisations needing to understand much more about their suppliers and supply chain.

Stop Settling!

ivalua

Blog Direct Materials Featured Supplier ManagementI love the series of DIRECTV ads featuring the Settlers, that determined, frontier era family who is living in the suburbs, but refuses to adopt more modern conveniences.

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Digital Foundations: Fixing the Basics

HICX Solutions

In fact, the first steps on this journey are improving basic processes and implementing data management, both of which have been at the root of the automation journey for the last 20 years. Even our higher functions like category management are easily automated in a digitally-enabled world.

‘New’ Supply Chain Sustainability

All Things Supply Chain

Supply Chain Best Practices from 10 Leading Companies

Arkieva

Supply Chain procurement best practices purchasing best practices pdf supplier management best practices supply chain best practices 2017 supply chain best practices framework supply chain best practices ppt supply chain consolidation best practices supply chain management best practices pdfHere’s a quick overview of supply chain best practices from 10 leading companies from the 2018 Drucker Institute Ranking.

VMI (Vendor Managed Inventory): How To Use It Right?

Insights Solutions Global

The vendor-managed inventory approach plays an important role in reducing the overall supply chain cost. The post VMI (Vendor Managed Inventory): How To Use It Right? Supplier ManagementBut how can you make sure that you're doing VMI the right way? What are the most commonly seen mistakes that you should avoid? appeared first on Insight Solutions Global.

What is Supply Chain Mapping?

HICX Solutions

According to this article by Supply Management / CIPS, the main causes of global business interruption loss (by total value) between 2010 and 2014 were: 1. Supplier mapping goes beyond your own suppliers. Are there other suppliers you can turn to in such a situation?

Supplier data: do you know who your suppliers are?

HICX Solutions

Who are my suppliers? If you look into a database of suppliers then it’s not unreasonable to expect that you will find, for example, FedEx and Federal Express listed as two distinct records. Do they count as four different suppliers? Supplier Management supplier data

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How can Reputational Risk Originate in Your Supply Chain?

HICX Solutions

It might be tempting to think that the worlds of procurement and reputational risk management are gleefully separate. Each one is likely to be sourcing parts or services from a large pool of suppliers spread across different locations.

4 Strategies to Improve Supply Chain Efficiency for Manufacturing Business Owners

Unleashed

Manufacturers typically perform planning, sourcing (finding suppliers), making (manufacturing), delivering and returns. Traditionally, supply chain management was a top-down approach. Partner with your current suppliers. Current suppliers should play a key role by becoming less of a mere cog in a wheel of a supply chain system and more towards an important partnership to shape the system. Here’s how to improve your relationship with your suppliers.

The Right Solution for Contractor and Supplier Management

Supply Chain 24/7

The benefits of outsourcing to suppliers and contractors is clear, but the associated risks are largely unseen, and the breakneck pace of change and the pressures of financial reality can cause important, risk-mitigating considerations such as contractor safety to be overlooked - which could be not only an ethical disaster but a business disaster as well

Supplier Management: The Best-in-Class Approach to Drive Performance

Supply Chain 24/7

This report will examine the comprehensive approach, taken by the Best-in-Class, toward Supplier Management. It begins with supplier selection, followed by establishing and measuring key performance metrics and ends with focusing on visibility with their suppliers to ensure ongoing success

Choosing the Right Solution for Contractor and Supplier Management

Supply Chain 24/7

Here are some best practices you can follow that can help you choose a solution that can meet your needs and those of your suppliers

5 Ways to Go Beyond The Manufacturing Valley of Death

Insights Solutions Global

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.

Business growth through supply chain management

Supply Chain Movement

But in their presentations, they demonstrated just how advanced they already are in applying supply chain management principles strategically, with a clear focus on ensuring flexibility and responsiveness through tight sales & operations planning and intelligent supplier management.

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Marion Kohlmeier: ‘Expansion in our global footprint has been a big step’

Supply Chain Movement

We also negotiate and develop packaging concepts together with our customers and suppliers. This team is available throughout the project to ensure that all customer demands are considered, keeping track on production requirements and purchase orders placed at suppliers.

New Goals for Procurement – Driving Revenue Growth Through Supplier Collaboration

ivalua

Even in terms of the “improved sales / marketing” route, there are possibilities – maybe procurement can work with the marketing team to find innovative suppliers in areas such as digital marketing? Author: Peter Smith , Managing Director at Procurement Excellence Ltd.

Supplier information challenges in the automotive industry

ivalua

The audience was extremely engaged as many of them continue to look for better ways to generate the most value from the supplier selection process and ongoing supplier management. Manufacturers need better supplier information.

Three Steps for Conflict Mineral Compliance

Supply Chain Network

That level of minutia rarely exists in a supplier database; if it exists at all, the information is scattered throughout incompatible systems or worse, in file cabinets somewhere. Build clauses into supplier contracts that restrict them from sourcing any materials from the DRC, or if they do, the clause must clearly outline the level of reporting the supplier must give to the buyer, in compliance with the SEC ruling. By Paul Martyn — BravoSolution.

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Why using supplier data effectively will spark your growth

HICX Solutions

This means switching focus from simply looking at IT solutions, to looking at your supplier data management strategy instead. Supplier data quality comes first. The key to getting the most out of any system is ensuring that your supplier data is of the highest quality.

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What is VMI (Vendor Managed Inventory)?

Insights Solutions Global

The post What is VMI (Vendor Managed Inventory)? Supplier ManagementWhat is vendor-manged inventory (VMI)? Have you been using the VMI approach correctly to help your business run? What more do you need to know about it if you want to make the most out of it? appeared first on Insight Solutions Global.

Supplier Information Challenges in the Automotive Industry

ivalua

The audience was extremely engaged as many of them continue to look for better ways to generate the most value from the supplier selection process and ongoing supplier management. Manufacturers need better supplier information.

Vendor Management Process: 5 Steps to Nail It

Insights Solutions Global

Vendor management is one of the most risky management problems for a business. With the efficiency of vendor management improved, so does your profit margin and your product competitiveness. The post Vendor Management Process: 5 Steps to Nail It appeared first on Insight Solutions Global. Supplier Management

What is Vendor Management?

Insights Solutions Global

That said, if you want your product to be of high quality and at a reasonable price, vendor management is a spot that you can't afford to miss. The post What is Vendor Management? Supplier ManagementThe reputation and quotes from vendors relate directly to your product costs. appeared first on Insight Solutions Global.

Evaluating Supplier Performance

EC Sourcing Group

Imagine that you have been given the task of evaluating supplier performance in a key spend category. It will be worth it especially if supplier have been in place for this long. What percentage of sales do our purchases represent for each supplier? Blog Supplier Management

Managing Suppliers Doesn’t Have to Be a Monumental (IT or Administrative) Task

OneSCM

If you want to minimize supplier risk and maximize end-to-end supply chain efficiencies, you must first understand how to make the right technology connections. This process can take from weeks to months—just for one supplier. As your supplier pool grows, so does the burden on IT.

Managing Suppliers Doesn’t Have to Be a Monumental (IT or Administrative) Task

OneSCM

If you want to minimize supplier risk and maximize end-to-end supply chain efficiencies, you must first understand how to make the right technology connections. This process can take from weeks to months—just for one supplier. As your supplier pool grows, so does the burden on IT.

Three ways supplier collaboration creates real value for manufacturers

ivalua

The term “supplier collaboration” can mean many things to many people depending on your functional perspective. If you work in product design or engineering, supplier collaboration is focused on integrating strategic suppliers into your product innovation efforts.

Reality Check: Why It’s Impossible to Manage an Entire Supply Chain Using the ERP Alone

OneSCM

The problem is, if you are using more than one ERP to manage your many business processes, then you end up with inefficient processes due to the data silos created by each system. And, while necessary to managing operations, ERPs only complicate supplier management.

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