INDUSTRY INSIGHTS YOUR PEERS ARE READING
The supplier tells her that the expected delivery date for those products will be on the 15th of September. Lead Times for Suppliers. There are various ways to identify a great supplier, one way is to compare projected lead times and the actual on-time delivery rates. MORE
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. 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. MORE
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. 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. MORE
Supplier Relationships – Don’t go over to the Dark Side! Shortly after I joined the Commodity/Category Management Procurement organization I was invited to attend the annual Strategic Supplier Awards event. There were Executives from dozens of Suppliers in attendance. MORE
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? MORE
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? MORE
While many inventory control issues can be attributed to inadequate forecasting or the failure to account for volatility of supply and demand, other challenges in maintaining optimum stock levels may be the result of underperforming suppliers. That being the case, what is it you need to know to manage underperforming suppliers? How to identify underperforming suppliers. Managing underperforming suppliers. MORE
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. MORE
Here at HICX we are championing the importance and value of evolved supplier management. In this blog we take a look at the key components of supplier management , starting with… 1. Supplier Innovation. Supplier Management supplier management MORE
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. 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. MORE
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 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. MORE
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? Set Up Your Supplier Selection Criteria. Subscribe Here! 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. 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. MORE
Some of these are supported by artificial intelligence, for example to map inbound supplier invoices for automated data entry. These data sources typically include the end-customer’s approved supplier network, third party supplier networks and private company information supplier networks. MORE
It can be used to measure supplier performance so that you can easily and quickly get a feel for which suppliers are consistently reliable in their supply and which either do not deliver in full or are perpetually late in delivery. When it comes time to reassess the approved supplier list, then you can use these metrics to disqualify problematic suppliers and improve your own performance and supply chain. Measure supplier performance. 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. MORE
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. MORE
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. MORE
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. 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. CHANGE MANAGEMENT. MORE
Just who are my suppliers ? Look into a supplier database and you might find ‘FedEx’ and ‘Federal Express’ listed as two separate entries. Are there really three suppliers? Or is there one supplier, with two – or maybe three – operating units? 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. MORE
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. MORE
Not all suppliers are created equal: some are better at providing low-cost goods, while others are great at customisation. Some suppliers have optimised for fast-shipping times, and some suppliers focus on high-quality materials. Regardless of whether you make, manage or move products, suppliers are a vital part of your company’s success. Without reliable suppliers, you could be jeopardising with your business model. 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. What is supplier management? 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
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 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. The need to demand supplier transparency and responsibility. Blog Featured Supplier Management MORE
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 MORE
The result has been isolated applications, e.g. for supplier management and for P2P working in parallel with siloed data sets and limited or no synergy. Another disadvantage is that suppliers see little or no value. Automated compliance management. MORE
Gaining a better understanding of who your vendors are allows you to improve all aspects of vendor management, such as sourcing, category management and payment. Why organisations struggle with Vendor Master Data Management. What are the benefits of Vendor Master Data Management? 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. Supplier Management MORE
Supplier Management Related Topics 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.
HICX Solutions
JUNE 6, 2019
“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. What is supplier management?
HICX Solutions
MAY 23, 2019
Here at HICX we are championing the importance and value of evolved supplier management. In this blog we take a look at the key components of supplier management , starting with… 1. Supplier Innovation. Supplier Management supplier management
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. The need to demand supplier transparency and responsibility. Blog Featured Supplier Management
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. CHANGE MANAGEMENT.
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.
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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? 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.
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.
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.
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
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.
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.
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. Supplier Management
HICX Solutions
MAY 30, 2019
Just who are my suppliers ? Look into a supplier database and you might find ‘FedEx’ and ‘Federal Express’ listed as two separate entries. Are there really three suppliers? Or is there one supplier, with two – or maybe three – operating units?
HICX Solutions
FEBRUARY 14, 2019
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.
Jaggaer
NOVEMBER 12, 2019
The result has been isolated applications, e.g. for supplier management and for P2P working in parallel with siloed data sets and limited or no synergy. Another disadvantage is that suppliers see little or no value. Automated compliance management.
Unleashed
SEPTEMBER 3, 2019
The supplier tells her that the expected delivery date for those products will be on the 15th of September. Lead Times for Suppliers. There are various ways to identify a great supplier, one way is to compare projected lead times and the actual on-time delivery rates.
ivalua
MARCH 10, 2016
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.
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? Set Up Your Supplier Selection Criteria. Subscribe Here!
Jaggaer
OCTOBER 22, 2019
Some of these are supported by artificial intelligence, for example to map inbound supplier invoices for automated data entry. These data sources typically include the end-customer’s approved supplier network, third party supplier networks and private company information supplier networks.
Arkieva
FEBRUARY 5, 2019
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.
Supply Chain 24/7
JULY 26, 2018
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
Supply Chain 24/7
JANUARY 25, 2018
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
Supply Chain Game Changer
JULY 16, 2019
Supplier Relationships – Don’t go over to the Dark Side! Shortly after I joined the Commodity/Category Management Procurement organization I was invited to attend the annual Strategic Supplier Awards event. There were Executives from dozens of Suppliers in attendance.
Insights Solutions Global
JANUARY 16, 2019
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.
HICX Solutions
JULY 11, 2019
Gaining a better understanding of who your vendors are allows you to improve all aspects of vendor management, such as sourcing, category management and payment. Why organisations struggle with Vendor Master Data Management. What are the benefits of Vendor Master Data Management?
Supply Chain 24/7
JULY 31, 2018
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
HICX Solutions
MARCH 12, 2019
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?
Unleashed
FEBRUARY 17, 2019
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.
Unleashed
OCTOBER 9, 2019
While many inventory control issues can be attributed to inadequate forecasting or the failure to account for volatility of supply and demand, other challenges in maintaining optimum stock levels may be the result of underperforming suppliers. That being the case, what is it you need to know to manage underperforming suppliers? How to identify underperforming suppliers. Managing underperforming suppliers.
HICX Solutions
APRIL 17, 2019
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.
Unleashed
SEPTEMBER 11, 2019
Not all suppliers are created equal: some are better at providing low-cost goods, while others are great at customisation. Some suppliers have optimised for fast-shipping times, and some suppliers focus on high-quality materials. Regardless of whether you make, manage or move products, suppliers are a vital part of your company’s success. Without reliable suppliers, you could be jeopardising with your business model.
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.
Unleashed
SEPTEMBER 22, 2019
It can be used to measure supplier performance so that you can easily and quickly get a feel for which suppliers are consistently reliable in their supply and which either do not deliver in full or are perpetually late in delivery. When it comes time to reassess the approved supplier list, then you can use these metrics to disqualify problematic suppliers and improve your own performance and supply chain. Measure supplier performance.
HICX Solutions
MARCH 19, 2019
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.
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