Remove Benchmarking Remove Manufacturing Procurement Remove Sourcing
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Inflation + Source-to-Pay Strategies: The Cure for the Common Price Hike

ivalua

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.

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The Power of the Network: ERP vs. Spend Management

Logistics Viewpoints

GEP and the North Carolina State University (NCSU) Supply Chain Resource Cooperative surveyed supply chain, procurement and IT professionals across a range of industries to gain insight into their priorities and strategies regarding supply chain resilience and optimization. Procurement solutions are often updated with purchased information.

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Procurement and Supply Chain are Smarter Together – Practical Use Cases

Logistics Viewpoints

In a previous post , I made a case for how the Chief Supply Chain Officer (CSCO) and Chief Procurement Officer (CPO) are smarter together. Accordingly Supply Chain and Procurement will need continuous collaboration. Such sourcing events can be in the context of direct materials or logistics capacity.

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Procurement Rising: The Silent Inflation Tax on Manufacturers

ivalua

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.

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Uh-Oh! Insights On How P&G Failed And What This Means For You

Supply Chain Shaman

Keith led the work to move P&G from a regional to a global manufacturer opening up the Warsaw center of planning excellence and outsourcing IT to HP. Keith was an undisputed leader in building talent to drive manufacturing excellence. Supply chain excellence was largely defined as manufacturing excellence.

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Misnomer

Supply Chain Shaman

The team was organized around the functional silos of source, make and deliver. Proudly, I had led my division to have the lowest manufacturing costs with the highest Return on Assets. When we started benchmarking companies, Deborah and I had a friendly wager. It had been this way for over two decades. It was not measured.

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2024: Planning for Success Amid the Uncertainty

Logistics Viewpoints

Sourcing and procurement comes in close second at 88 percent, followed by innovation at 87 percent. Other critical functions include order management, manufacturing, and product development. It is the world’s foremost authority in benchmarking, best practices, process and performance improvement, and knowledge management.