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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. MORE
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. MORE
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. 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. How much spend does the company have with the supplier and for what? MORE
Supply Chain Strategies: What the Pandemic Has Taught Us So Far? Many nations are now facing the prospect of new lockdowns which will undoubtedly further impact global supply chains. . Supply Chain Risk Management on the World Stage – Lessons Learned. MORE
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. 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
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. 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
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. MORE
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 MORE
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. MORE
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. MORE
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. 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. . MORE
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. 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
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. MORE
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.” 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
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. 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. This is not easy given the current volatility in supply markets. MORE
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. MORE
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. 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
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 MORE
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. 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
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. . 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
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. MORE
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. 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. Blog Featured Supplier Management MORE
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. MORE
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. MORE
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. Strategic supplier management.
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. How much spend does the company have with the supplier and for what?
Jaggaer
MARCH 2, 2020
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.
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. Blog Featured Supplier Management
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ivalua
NOVEMBER 25, 2015
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.
Supply Chain Shaman
SEPTEMBER 3, 2018
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.
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.
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. 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?
CHAINalytics
APRIL 2, 2020
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.
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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
JANUARY 15, 2021
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.
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.
ivalua
MARCH 13, 2019
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.
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?
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. .
EC Sourcing Group
OCTOBER 27, 2020
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.
All Things Supply Chain
FEBRUARY 26, 2017
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
Cerasis
MAY 21, 2015
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.
Arkieva
FEBRUARY 5, 2019
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.
ToolsGroup
DECEMBER 10, 2019
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.
Enterra Insights
MAY 4, 2020
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.
Bristlecone
JANUARY 11, 2021
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.
ToolsGroup
MAY 30, 2018
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.”
Supply Chain Shaman
MAY 15, 2020
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
ivalua
JUNE 4, 2020
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.
Logistics Trends and Insights
APRIL 26, 2020
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.
Blue Ridge
JULY 24, 2020
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.
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. .
Unleashed
FEBRUARY 17, 2019
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.
Supply Chain Movement
NOVEMBER 14, 2013
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.
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. This is not easy given the current volatility in supply markets.
IQMS
NOVEMBER 7, 2019
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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