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Procurement on the Thames: Ivalua’s London Summer Symposium

ivalua

Vishal Patel and Peter Hunt delivered their session ‘Creating Value with Strategic Sourcing’ to discuss how Procurement professionals are recognizing that the fast-paced digital landscape of today demands new approaches to category management and strategic sourcing. The answer is simple – automation.

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Exiger Has Taken the Supply Chain Risk Market by Storm

Logistics Viewpoints

While generative AI has made artificial intelligence a hot topic, these solutions have been using different forms of AI in interesting ways for years. All suppliers are rated on a 1 to 10 scale across different risk categories. By the time they started selling the solution to commercial companies, they were poised for rapid growth.

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Inflation in 2022: Is the Bullwhip Effect to Blame for Retail Inventory Glut

Logistics Viewpoints

Here’s my take on the topic. That article stated that Target, Walmart, and others recently reported during earnings calls that they have too much inventory in certain item categories and that the cost of holding inventory is negatively impacting their profit margins. Retailers’ Inventories – Just Keep your Returns?

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It’s Time for Procurement to own Scope 3 Emissions

ivalua

For most procurement (and supply chain) professionals, the topic of Scope 1, 2, and 3 emissions should be coming at you from every direction. Below, we list a few high-level actions to get you started: Establish a strategy to generate reliable Scope 3 emission data based on categories and spend. POs, and invoices).

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It’s Time for Procurement to own Scope 3 Emissions

ivalua

For most procurement (and supply chain) professionals, the topic of Scope 1, 2, and 3 emissions should be coming at you from every direction. Below, we list a few high-level actions to get you started: Establish a strategy to generate reliable Scope 3 emission data based on categories and spend. POs, and invoices).

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A Multibillion-Dollar Supply Chain Market Growing at a Double Digit Rate that Nobody Knows About

Logistics Viewpoints

Third-party data – One example of the advantage of this category concerns third-party forecast data. Industry and government data can be used to increase forecast accuracy. Supply chain management became a topic of conversation at the board room level during the pandemic. This eliminates “he said, she said” type arguments.

Gartner 253
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Tackling Item Complexity

Supply Chain Shaman

Why is this an important topic? To assess a rating, the team plots items by percent of sales on a monthly basis and grouped into three categories. In category three were products with monthly cumulative sales contribution of greater than $200,000/item/month. Governance. Categorize. Categorization of Products for Review.