Integrated Supplier Management Boosts Performance

QAD

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 Motivation, A Key Component of Supplier Management

ivalua

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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What Is Strategic Supplier Management?

EC Sourcing Group

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. Strategic supplier management.

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. This includes supplier information management, supply chain risk management/mitigation, and supplier performance management. How much spend does the company have with the supplier and for what?

Factoring Risk & Business Continuity into Holistic Supplier Management

Jaggaer

Research reveals a rise in disruptive incidents deep in the supply chain. What is the optimal way to categorize your suppliers so that you can manage them better and maximize business continuity? The latest Supply Chain Resilience Report published by the Business Continuity Institute in partnership with the Chartered Institute of Procurement & Supply (CIPS) provides some fascinating insights. Tier Suppliers. Supplier Risk.

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

ivalua

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. Blog Featured Supplier Management

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

ivalua

They build strong supplier relationships to deliver on-time, high quality products and meet capacity demands. If your strategic sourcing and supply chain initiatives suffer from a weak link in the supply chain, the product – and thus the customer experience – is negatively impacted. This article from Businessweek described how James Bond’s sports car manufacturer, Aston Martin, had a large recall due to glitches in their Chinese supply chain.

Building a Triple A Supply Chain: Ten Tactics That Work

Supply Chain Shaman

At Supply Chain Insights , as we combed through over 9000 quantitative responses on supply chain management from business leaders to understand what drives supply chain excellence in preparation for the Supply Chain Insights Global Summit , in the process, we proved Hau Lee’s theorem in the Famous Harvard Business Review Article, “Triple A Supply Chains.” First, great supply chains are agile.

Supplier Management Through a Vendor Portal

TPSynergy

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: what is it and why is it important?

HICX Solutions

“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?

Managing Your European Supply Chain Network: Tactical Responses to the Coronavirus Pandemic

CHAINalytics

COVID-19 is testing the resiliency of supply chains worldwide and particularly in Europe. The coronavirus pandemic is unprecedented, and its long-term impact on supply and demand are still wholly unknown. Despite growing uncertainty, there’s a number of supply chain network strategies which can leveraged to mitigate risk and increase flexibility.

What are the Key Components of Successful Supplier Management?

HICX Solutions

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.

Your Procure-to-Pay Suite Won’t Cut It For Supplier Management – Here’s Why

HICX Solutions

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.

Intalere partners with Ivalua & Consus Global to digitize and transform their sourcing, supplier management and contract lifecycle management processes

ivalua

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

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. Supplier Risk, Diversity and Compliance Management. Supplier Relationship Management. 1 Supplier Information Management. 2 Supplier Lifecycle Management.

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

ivalua

Afrika Morris, Senior Field Marketing Manager UKI at Ivalua. On February 12 Ivalua hosted Senior Procurement and Supply Chain Professionals gathered for an Exclusive Dinner on the 34th floor of The Gherkin with F1 Veteran and Status Grand Prix Founder, Mark Gallagher. The theme of the evening was “Unlocking Innovation from your Supply Chain” with presentations and discussion focused on insights, knowledge sharing and learning from the F1 Grand Prix Pit Stops.

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? 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?

The Importance of Using Supply Chain Management Software in Procurement

EC Sourcing Group

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. .

Supply Chain and Risk Management Software

EC Sourcing Group

There is the supply chain in the overall big picture, of which procurement is involved. The supply chain is the entire process that gets the product in the hands of the consumer. Supply Chain and Risk Management Software : Identifying Risk.

‘New’ Supply Chain Sustainability

All Things Supply Chain

The Sustainable Supply Chain Foundation defines sustainable supply chain management as “integrating environmentally and financially viable practices into the complete supply chain lifecycle, from product design and development, to material… Supply Chain Management financial technology fintech supplier management

The Transportation Supply Chain: Transportation’s Role in Supply Chain Management to Lower Total Costs

Cerasis

In order to avoid incidents of mismatch between supply and demand, establish more efficient manufacturing and lower costs, it is necessary to establish an environment of consistent supply chain visibility. Everything from sourcing raw materials, manufacturing, to the sales channels which feed supply for a finished product are essential factors. One of the often missing links, however, in supply chain visibility, is transportation management.

Supply Chain Best Practices from 10 Leading Companies

Arkieva

Here’s a quick overview of supply chain best practices from 10 leading companies from the 2018 Drucker Institute Ranking. Supply Chain Best Practices from 10 Leading Companies was first posted on February 5, 2019 at 8:30 am. ©2017 ©2017 " Supply Chain Link Blog - Arkieva " Use of this feed is for personal non-commercial use only.

Supply Chain Predictions 2020: Uncertainty Demands Resilience

ToolsGroup

It’s been an interesting decade for supply chain: just when you think things can’t get any crazier, a new extreme weather event, political drama or tech start-up pops up, disrupting entire industries. Global supply chains are particularly vulnerable to the changes triggered by these events, including increased regulation, new tariffs and radical shifts in demand patterns. . Algorithmic supply chain planning will go mainstream.

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Post-pandemic Supply Chains

Enterra Insights

To do that companies must look deep into how they manage the most basic mechanisms of their supply chains and operations.” ” Post-pandemic supply chains. Like Sheffi, Sean Doherty and Kimberley Botwright ( @KBotwright ), international trade analysts at the World Economic Forum, believe post-pandemic supply chains need to be scrutinized. Over recent decades, supply chains have globalized, specialized and become leaner or just-in-time.

Supply Chain and Procurement Transformation in 2021

Bristlecone

Some say COVID-19 is changing the future of supply chain. And when compared to overall business impact, executives say their supply chain was more susceptible to disruption from COVID-19 than their workforce, systems or operations. Enhancing Supplier Relationships.

Modeling Supply Chains with “Digital Twins”

ToolsGroup

The growing momentum around systems-based thinking in supply chain planning has given rise to a new concept called the “digital twin”. It allows you to accurately test the resilience of a complex, multi-echelon, global supply chain. At the recent Gartner Supply Chain Executive Conference in Phoenix, analyst Marc Halpern clarified three key concepts about supply chain digital twins in his presentation “Busting the Myth of Digital Twins to Deliver Value.”

Seven Supply Chain Processes To Stop Doing In The Pandemic

Supply Chain Shaman

Unlike the prior supply disruptions in my lifetime, there will not be a new normal. Instead, supply chain leaders face wave after wave of disruption until there is a vaccine. As a result, much of what we have learned as a supply chain best practice is no longer applicable. How does this affect supply chains? I have also written about the need for supplier development programs and building robust supply chain capabilities in value networks. (I

Procurement Technology – What it can and can’t replace in a Manufacturer’s Journey Towards Supply Chain Resilience and Agility

ivalua

A review of the key elements in supplier management for manufacturers and how Source-to-Pay procurement technology can support the journey towards supply chain resilience and agility in times of crisis. As the COVID-19 pandemic disrupts global supply chains, procurement organizations around the world are scrambling to react. There are many supply chain management lessons to learn from the Covid-19 crisis.

Reconfiguring the Automotive Post Pandemic Supply Chain

Logistics Trends and Insights

The factories are closed in these regions and elsewhere around the world because of a combination of restrictions aimed at containing the virus, drops in vehicle demand, and issues with component supply. From a supply chain perspective, obtaining parts and other components will be tricky particularly from suppliers further down the supply chain. CEVA Logistics AG was appointed by General Motors, to manage its ventilator production supply chain.

Supply Chain Agility: Lessons from a Wine and Spirits Mastermind

Blue Ridge

While the supply chain agility strategy to retool production operations can be challenging, it can also present company history-changing opportunities. Strong supplier management will be key.

What Is eSourcing in Supply Chain Management?

EC Sourcing Group

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. .

4 Strategies to Improve Supply Chain Efficiency for Manufacturing Business Owners

Unleashed

Manufacturers typically perform planning, sourcing (finding suppliers), making (manufacturing), delivering and returns. Supply chain efficiency, therefore, is the measure of getting the right product to the right place at the right time — and at the least cost. Traditionally, supply chain management was a top-down approach. Below we outline four strategies to improve supply chain efficiency for manufacturing business owners.

Business growth through supply chain management

Supply Chain Movement

Reimagining how the supply chain can drive business growth. That was the theme of consultancy company Gartner’s annual Supply Chain Executive Conference held in London, UK, in late September. The sprawling metropolis was the host city for the first International Supply Chain Summit, which we organised together with our Dutch partners Slimstock, DSV Solutions, Ortec, MP Objects, Involvation and Finavista. www.linkedin.com/company/supply-chain-magazine.

Supplier Management and Sourcing in the Fashion Industry – Under the Spotlight

Jaggaer

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. This is not easy given the current volatility in supply markets.

Italy 40

What Is Supply Chain ERP?

IQMS

A Supply Chain ERP system orchestrates and optimizes forecasting, pricing, procurement, sourcing, and inbound product quality levels across the many supplier relationships manufacturers have, providing real-time accounting and financial reporting of each transaction. Defining Supply Chain ERP. Manufacturers are improving delivery performance, reducing purchasing and materials costs, and minimizing supplier risks by adopting integrated supply chain ERP systems.

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