Supply Chain Shaman

DECEMBER 15, 2022

If you answer the survey, I will gladly give you a custom analysis of your organization against the peer group. In the supply chain team analysis, note the 21% gap between procurement and manufacturing teams, the 35% gap between sales and operations and the 21% gap between finance and operations. To respond, follow this link.

Manufacturing Procurement 396

Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software Procurement Analytics 396

ivalua

JUNE 11, 2023

Ivalua Spend Management Insights [ivory-search] Navigating CSRD Regulation: What Procurement, Supply Chain, and Finance Leaders Need to Know June 12, 2023 | | Sustainability by Vishal Patel In an effort to drive sustainability and combat climate change, the European Union has introduced the Corporate Sustainability Reporting Directive (CSRD).

Optimal Sourcing 246

Optimal Sourcing Supply Chain Software Procurement Sourcing Strategies 246

Procurement Academy

FEBRUARY 4, 2025

Modern procurement professionals need to be among some of the most highly skilled workers in any organization, and we want to help you identify exactly what essential procurement skills you need to lead your team as the industry continues to grow and evolve.

Negotiating Skills 59

Negotiating Skills Purchasing Skills Buyer Training Optimal Sourcing 59

Logistics Viewpoints

JANUARY 29, 2025

I have recently completed the latest ARC Advisory Market Analysis on Global Trade Compliance, available here. Businesses will need to ensure accurate data reporting across core operations such as sourcing, procurement, and transactions. Consequently, demand for robust GTC solutions will continue to rise. from Canada and Mexico.

Study 282

Study Global Supply Chain Planning Software Modeling Software 282

Logistics Viewpoints

FEBRUARY 25, 2025

Standardizing materials across multiple products can enable greater flexibility in supplier selection and procurement. Matt specializes in delivering transformational from analysis through execution across a diverse range of clients in manufacturing, distribution, and retail.

Manufacturing Procurement 256

Manufacturing Procurement Inventory Reduction Price Reduction Material Savings 256

SCMDOJO

FEBRUARY 21, 2025

Why Your Procurement Strategy is More Critical Now Than Ever Before In an era of global supply chain disruptions, a robust procurement strategy is no longer optionalits essential. The right procurement strategy ensures that organizations: Mitigate risks before they escalate. Want to future-proof your procurement function?

Optimal Sourcing 58

Optimal Sourcing Supply Chain Disruption Vendor Strategies Cost Reduction Strategies 58

SCMDOJO

FEBRUARY 5, 2025

The world of procurement is constantly evolving, demanding professionals with the right skills and knowledge. Moreover, two popular options often considered are the MCIPS qualification from the Chartered Institute of Procurement & Supply (CIPS) and the Procurement Track offered by SCMDOJO.

Negotiating Skills 58

Negotiating Skills Procurement Solutions Optimal Sourcing Purchasing Skills 58

SCMDOJO

DECEMBER 29, 2024

Decoding the Procurement Department: A Comprehensive Guide to Roles and Responsibilities This supply chain article provides a comprehensive overview of the procurement department within an organization. Read In Detail About Procurement Department Here 2.

Negotiating Skills 95

Negotiating Skills Purchasing Skills Purchasing Training Buyer Training 95

Supply Chain Shaman

NOVEMBER 9, 2023

In this traditional definition of a supply chain model, I define a good plan as: A positive Forecast Value Added (FVA) analysis/output for the forecast with minimal bias. (I And, there is no translation of planned orders for manufacturing into aggregate procurement. I do not define it by error.) So, is it really end-to-end?

Optimal Sourcing 368

Optimal Sourcing Supply Chain Planning Software Manufacturing Procurement Modeling 368

Procurement Academy

JANUARY 30, 2025

Just as technology has the potential to transform other major industries, its also having a major impact on procurement. One thing that is often overlooked in procurement, however, is the need to develop staff that are capable of using these technologies. Digital contract management Procurement contracts can be complex.

Buyer Training 52

Buyer Training Purchasing Training Optimal Sourcing Price Mitigation Strategies 52

Supply Chain Shaman

APRIL 2, 2025

For my long-time readers, you know that fewer than 3% of companies outperform their peer group in our Supply Chains to Admire analysis , and that the Gartner Top 25 is essentially a beauty contest for underperformers. But, as the dust settles, is there value? And what is value?

Optimal Sourcing 195

Optimal Sourcing Supply Chain Planning Software Modeling Supply Chain Design Software 195

Supply Chain Shaman

JULY 31, 2024

In our work with Georgia Tech using data from 1982-2023, we find that the R² of the Regression analysis of Cost-of-Goods Sold/Inventory Turns when compared to correlations of Operating Margin/Inventory turns to Market Capitalization/employee is 40-65% lower. For additional insights check out our presentation at Informs.

Supply Chain Planning Software 382

Supply Chain Planning Software Supply Chain Planning Supply Chain Design Software Scenario Planning 382

ivalua

FEBRUARY 10, 2023

Understanding how inflation impacts procurement and then taking action to mitigate its effects is essential for any business looking to stay ahead of the game. How Inflation Impacts Procurement Inflation affects a number of aspects of a business, including its ability to compete in the market, financial performance, and overall strategy.

Sourcing Strategies 264

Sourcing Strategies Price Reduction Purchasing Skills Manufacturing Procurement 264

Kodiak Hub

MARCH 11, 2025

A proactive supplier financial risk assessment can help procurement professionals anticipate and mitigate these risks before they wreak havoc on operations. Over 81% of organizations have been impacted by supplier disruptions in the past two years (sdcexec.com) , and nearly 43.6%

Analysis 40

Analysis Supplier Management Procurement Supply Chain 40

Jaggaer

FEBRUARY 5, 2025

Strategic sourcing formalizes the gathering, analysis and application of information to align purchasing strategies with the organizations broader goals while securing the best possible overall value. Spend Analytics – Strategic sourcing starts with an analysis of product categories and spending patterns within the company.

Negotiating Skills 52

Negotiating Skills Sourcing Strategies Purchasing Skills Optimal Sourcing 52

Jaggaer

APRIL 3, 2025

A July 2024 Gartner survey also found that 72% of procurement leaders are focusing on incorporating generative AI, anticipating a shift towards strategic decision-making and innovation. Procurement leaders recognize the imperative in front of them, but what does it mean for the future skills profile of the profession? efficiency gap.

Negotiating Skills 52

Negotiating Skills Buyer Training Optimal Sourcing Negotiate Pricing 52

Procurement Academy

FEBRUARY 13, 2025

Supply chain and procurement have undergone a seismic change in recent years. The Need for Supply Chain and Procurement Upskilling The global supply chain and procurement markets have changed drastically in the last number of years. There are also strong benefits to upskilling for your employees too.

Negotiating Skills 52

Negotiating Skills Optimal Sourcing Buyer Training Supply Chain Planning Software 52

Procurement Academy

JANUARY 16, 2025

Looking to improve operations and achieve cost savings within your procurement processes? A process audit report is designed to, ultimately, streamline processes, enhance decision-making and drive overall procurement excellence. What is the Purpose of a Process Audit Report?

Procurement Analytics 52

Procurement Analytics Sourcing Strategies Optimal Sourcing Negotiating Skills 52

Supply Chain Shaman

JUNE 3, 2024

A successful plan requires design, collaboration, simulation, what-if analysis, and closed-loop learning. I find successful teams learn more about operational potential through what-if analysis than wrote use of the first plan generated in a batch job. What do we learn through gap analysis? Future for Probabilistic Planning?

Supply Chain Planning Software 356

Supply Chain Planning Software Supply Chain Design Software Modeling Software Forecasting Software 356

Procurement Academy

DECEMBER 18, 2024

Procurement fraud is often overlooked, but it can tear away at your company’s integrity and reputation from the inside if left unchecked for too long. Proactively identifying and managing procurement fraud is incredibly important when safeguarding your organization’s future. Lets take a look.

Resource Reduction 52

Resource Reduction Vendor Strategies Cost Reduction Strategies Price Reduction 52

SCMDOJO

JUNE 6, 2024

Do you dream of confidently navigating the ever-changing procurement world, not confused with what procurement training to opt for? The SCMDOJO Procurement Track isn’t just another training program – it’s your key to unlocking a commanding presence in the field. Dive in and discover the power within!

Pricing Training 105

Pricing Training Negotiating Skills Buyer Training Optimal Sourcing 105

Jaggaer

FEBRUARY 13, 2025

By combining H&Zs sustainability expertise with JAGGAERs advanced procurement technology for Scope 3 emissions tracking and data collection, organizations can better integrate sustainability into their procurement strategies. As companies seek to address these issues, the role of procurement is changing.

Material Savings 52

Material Savings Price Reduction Manufacturing Procurement Optimal Sourcing 52

Supply Chain Shaman

APRIL 27, 2022

While the company’s investments in manufacturing scheduling and demand sensing improved outcomes, the organization under-invested indirect procurement and network design. My failure was three-fold: In this analysis, I never benchmarked companies to the industry averages. The analysis was too short-term. They are not.

Procurement Analytics 353

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software 353

Enterra Insights

DECEMBER 17, 2024

“Analysis of sales and review data provides deeper insights into customer behavior and preferences. “Analysis of resource consumption and supply chain practices helps you make informed decisions that reduce environmental impact, such as optimizing routes for lower emissions and selecting sustainable materials.”

Optimal Sourcing 130

Optimal Sourcing Supply Chain Optimization Modeling Optimization Software 130

Freightos

DECEMBER 3, 2024

From COVID to geopolitical tension, the past five years have emphasized the need for procurement agility. From COVID to geopolitical tension, the past five years have emphasized the need for procurement agility. These external factors are near-impossible to predict, forcing more frequent tender updates to remain inline with the market.

Optimal Sourcing 285

Optimal Sourcing Procurement Predictive Analytics Software Logistics Network Optimization Software 285

Supply Chain Shaman

APRIL 18, 2023

In the face of variability, this is two-to-six weeks too long to make allocation or procurement decisions. Order cycles–the requested time from order to delivery–decreased while supply cycles –the time to procure materials– increased. Shift in cycles. Over the past three years, supply chain cycles shifted.

Supply Chain Planning Software 401

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 401

Jaggaer

MARCH 6, 2025

The landscape of public sector procurement has undergone significant transformation in recent years, driven by advancements in technology, evolving regulatory frameworks, and an increasing emphasis on sustainability. Predictive analytics powered by ML helps organizations anticipate procurement trends and identify potential risks.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Analytics Software Procurement Solutions 52

Logistics Viewpoints

MAY 13, 2024

This technology allows businesses to unify their procurement, expense management, invoicing, payments, sourcing, contract management, and spend analysis processes and reporting. Coupa’s BSM platform is based on a public cloud that connects 3500 buyers to ~10 million suppliers. The idea of community was there from the beginning.”

Procurement Solutions 298

Procurement Solutions Forecasting Software Modeling Software Procurement Analytics 298

Precoro

MARCH 27, 2025

According to McKinsey & Company, procurement accounts for 50% to 80% of a company’s cost base. That’s why organizations zero in on strategies to achieve procurement cost reduction.    The key thing to remember is that cost reduction in procurement isn’t just about slashing expenses.

Cost Reduction Strategies 45

Cost Reduction Strategies Price Reduction Expense Reduction Vendor Strategies 45

SCMDOJO

DECEMBER 11, 2023

In the realm of efficient procurement management, understanding the various types of procurement reports becomes paramount. These reports serve as navigational tools, offering insights into different facets of the procurement process.

Procurement Analytics 21

Procurement Analytics Optimal Sourcing Procurement Solutions Material Savings 21

ivalua

MAY 31, 2022

Reviewing pandemic responses and strategies, some CPOs and Procurement teams managed a bit better than their peers as uncertainty and change mounted. But most sourcing and procurement teams need to pivot and modify the way they handle SCM decisions. Why is Supplier Information so important?

Procurement Solutions 246

Procurement Solutions Supply Chain Design Software Supply Chain Planning Software Negotiating Skills 246

Logistics Viewpoints

DECEMBER 14, 2023

And even before they begin, they must realize these problems are too big for any single team—supply chain must connect with finance and procurement to treat the n-tier suppliers as an extended part of their network and become their preferred customer. For this to happen, finance needs to be in lockstep with procurement.

Supply Chain Design Software 326

Supply Chain Design Software Optimal Sourcing Supply Chain Planning Software Modeling 326

ivalua

FEBRUARY 27, 2023

Ivalua Spend Management Insights [ivory-search] Procurement Rising: The Silent Inflation Tax on Manufacturers February 27, 2023 | | Manufacturing by Doug Keeley Last year, the Consumer Price Index was the highest it has been in four decades, making inflation one of the most concerning macroeconomic factors facing the business world today.

Manufacturing Procurement 130

Manufacturing Procurement Optimal Sourcing Procurement Solutions Purchasing Skills 130

SCMDOJO

SEPTEMBER 24, 2024

Make vs Buy Analysis is an essential decision-making tool in supply chain management that significantly influences profitability, flexibility, and competitiveness. What is a Make vs Buy Analysis? Make vs Buy Analysis evaluates whether to manufacture a product in-house or purchase it from suppliers.

Optimal Sourcing 98

Optimal Sourcing Analysis Material Savings Manufacturing Procurement 98

Supply Chain Shaman

FEBRUARY 18, 2021

Need For What-If Analysis. Initially, the output was published to procurement to design strategic buying strategies. Procurement became an island–isolated from the demand signal except for MRP. Procurement: Purchase price variance and procurement cost. The Emergence of Logistics as Constraint.

Supply Chain Planning Software 303

Supply Chain Planning Software Supply Chain Design Software Supply and Demand Procurement Analytics 303

Enterra Insights

NOVEMBER 14, 2024

3) Deploy : Create action plans based on scenario analysis to decrease the impact of disasters. ” • Evaluate and adjust procurement category strategic responsibilities. Another EY analyst suggestion involves procurement. Organizations can introduce digital procurement technology to benefit from supplier social networks.”

Supply Chain Planning Software 130

Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Software Supply Chain Planning 130

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

The Approach to Effective Freight Procurement by LSCMS Shippers’ Council Container shipping procurement faces a multitude of challenges shaped by global events, industry shifts, environmental mandates, and technological advancements. At the heart of it all, an effective procurement strategy remains paramount.

Optimal Sourcing 130

Optimal Sourcing Procurement Freight Sourcing Strategies 130