Precoro

DECEMBER 11, 2023

To enhance their competitive edge, companies across industries are adopting a key tactic: strategic sourcing. Strategic sourcing is a holistic approach to supply chain management that includes tactics for optimizing the total cost of ownership, improving supplier relationships, and ensuring long-term value creation.

Negotiating Skills 84

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 84

Demand Driven Technologies

APRIL 13, 2021

Decades of Lean and continuous improvement initiatives have profoundly changed the way many companies operate.

Continuous Improvement 127

Continuous Improvement Optimal Sourcing Lean Sourcing 127

Logility

JANUARY 18, 2024

It unlocks a realm of possibilities – from continuous improvement through automated data analysis to fine-tuned demand planning and resilient simulations. And once collected, the data often requires some cleansing and standardization.

Modeling 189

Modeling Optimal Sourcing Supply Chain Planning Software Supply Chain Software 189

Supply Chain Network

MAY 15, 2012

Everyone has bad habits, but for procurement, bad habits can put a major dent it in the ROI of your sourcing tools. That’s because strategic sourcing is complex and challenging – success requires more than fancy software purchases. At 30,000 feet, answer these questions to drive improved adoption: • Have we trained everyone?

Purchasing Skills 97

Purchasing Skills Sourcing Strategies Optimal Sourcing Procurement Solutions 97

Demand Driven Technologies

OCTOBER 13, 2022

Great supply chain leaders often have a taste for action, collaboration, and continuous improvement. But what's the most important skill for a supply chain leader to have?

Supply Chain 88

Supply Chain Optimal Sourcing Continuous Improvement Supply and Demand 88

QAD

MAY 2, 2023

Implement safety stock, dual sourcing, or multiple transportation routes to create a buffer against disruptions. Diversify your supplier base and source materials from various regions to mitigate risks associated with overreliance on a single partner or location.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Modeling 98

DELMIA Quintiq

OCTOBER 11, 2021

By integrating data sources and stakeholders, the cloud-enabled 3D EXPERIENCE platform enables collaborative decision-making that leads to agile processes. This includes deploying digital transformation initiatives, introducing full visibility in modular systems and building immersive learning experiences for employees. The result?

Sourcing Strategies 296

Sourcing Strategies Waste Reduction Resource Reduction Price Reduction 296

QAD

JUNE 20, 2023

Continuous Improvement A connected workforce empowers manufacturers to collect valuable feedback and insights directly from workers on the shop floor. Employees can provide suggestions for process improvements, highlight inefficiencies and report quality issues promptly. It also enables better demand forecasting and planning.

Optimal Sourcing 98

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Manufacturing Procurement 98

Supply Chain View from the Field

JULY 14, 2015

Against the many new articles and books being produced on the changing face of procurement and the importance of value creation and collaboration, Andrew Cox’s new book “Sourcing Portfolio Analysis” came out earlier this year. These types of relationships do not exist in the world of Cox’s two by two Sourcing Portfolio matrices.

Optimal Sourcing 60

Optimal Sourcing Sourcing Strategies Negotiating Skills Analysis 60

Jaggaer

OCTOBER 24, 2024

Enhancing collaboration pays off, both by increasing transparency with suppliers and improving the bottom line through multi-tier supply chain visibility. Analytics also help you better evaluate potential suppliers, pinpoint cost-saving opportunities, and strengthen future sourcing strategies.

Negotiate Pricing 52

Negotiate Pricing Optimal Sourcing Supply Chain Planning Software Negotiating Skills 52

Logility

MAY 3, 2022

Source: Logility, 2022. The solution checks against available stock plus capacity, material availability, alternate sourcing scenarios, and other constraints as needed. Source: Logility, 2022. Here are some key advantages of an automated order promising solution: Improved customer satisfaction. Time and cost savings.

Supply Chain Planning Software 182

Supply Chain Planning Software Optimal Sourcing Forecasting Software Demand Planning Software 182

SCMDOJO

APRIL 29, 2024

From sourcing raw materials, manufacturing, and storage, to transportation and distribution, SCM ensures efficiency and cost-effectiveness throughout the entire journey. Sourcing: Sourcing is all about finding reliable suppliers, negotiating contracts, and managing relationships.

Supply Chain Planning Software 98

Supply Chain Planning Software Optimal Sourcing Supply Chain Design Software Supply Chain Software 98

The Logistics & Supply Chain Management Society

JANUARY 3, 2024

Many companies will reconfigure their supply chains to a much more regional approach, whereby production and sourcing are relocated closer to the final consumption markets, i.e. more local and less global. This entails a multi-faceted approach, reviewing your geographic footprint, supplier base, logistics landscape and distribution networks.

Supply Chain Software 130

Supply Chain Software Supply Chain Strategy Sourcing Strategies Supply Chain 130

SCMDOJO

JUNE 17, 2024

Here’s a deeper dive into the steps: Risk Identification: To identify possible risks, thoroughly assess every step of your supply chain, from sourcing raw materials to delivering the finished product. Develop contingency plans to address these risks, and diversify your supplier network to reduce dependency on any single source.

Modeling 98

Modeling Supply Chain Planning Software Supply Chain Software Scenario Planning 98

SCMDOJO

MARCH 19, 2024

This data can be used to identify areas for improvement and make informed decisions about sourcing, production, and distribution. Procurement Procurement involves sourcing and acquiring the materials or products needed for production. Procurement Specialist/Buyer Source and acquire materials or products needed for production.

Optimal Sourcing 98

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 98

Logistics Viewpoints

OCTOBER 10, 2022

Risk management solutions scrape data from hundreds of thousands of online & social-media sites, but Autoliv also has access to sources of information that they pay for. They wanted these diverse sources of information pulled together in one central, user-friendly location they call their “garage.” And we are making progress.

Supply Chain Risk Management 245

Supply Chain Risk Management Risk Management Supply Chain Planning Software Supply Chain Software 245

Arena Solutions

MARCH 19, 2024

Parts and materials are sourced from a vast and highly interconnected global supply chain network. internal audits) System for driving continuous improvement (e.g., Whether it’s an aircraft that’s used to execute a critical mission or a defense system that’s deployed in combat—precision, reliability, and safety are paramount.

Aerospace 111

Aerospace Supply Chain Design Software Supply Chain Planning Software Manufacturing Procurement 111

The Logistics of Logistics

MAY 10, 2023

About Jorge Gonzalez Henrichsen Jorge Gonzalez Henrichsen is Co-CEO of The Nearshore Company, where he helps North American, European, and Asian manufacturing companies to successfully establish reliable manufacturing operations in Mexico, by ensuring quality, certifications, transparency, and continuous improvement.

Mexico 212

Mexico China Manufacturing Procurement Sourcing Strategies 212

Supply Chain Shaman

MARCH 27, 2023

Just as the electric light bulb did not come from the continuous improvement of candles, I believe that supply chain planning improvements will not come from doing more of the same. Current planning taxonomies do not plan across make, source, and deliver answers bi-directionally. My goal is to drive change.

Supply Chain Planning Software 318

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply Chain Design Software 318

Supply Chain View from the Field

JULY 17, 2015

Andrew Cox’s new book “Sourcing Portfolio Analysis” represents the more traditional “power-based” view of procurement. In fact, the subtitle for the book, “Power Positioning Tools for Category Management and Strategic Sourcing” gives it all away.

Optimal Sourcing 60

Optimal Sourcing Sourcing Strategies Negotiating Skills Sourcing 60

ivalua

AUGUST 11, 2022

The initial focus is on digitising the Procure-to-Order process with subsequent phases planned for invoicing and sourcing. “Aegion’s success is built upon innovative technologies, market-leading expertise, and continuous improvement,” said Wilton Hockaday, SVP of Supply Chain and Manufacturing at Aegion.

Manufacturing Procurement 130

Manufacturing Procurement Procurement Solutions Optimal Sourcing Supply Chain Planning Software 130

ivalua

AUGUST 1, 2022

In doing so, they have improved supplier collaboration and created a greater capacity for resilience, innovation, and continuous improvement. . When supplier management operates in a silo–disconnected from all other procurement processes (from sourcing to payment), it captures only a fraction of the value.

Supplier Management 130

Supplier Management Sourcing Strategies Procurement Solutions Optimal Sourcing 130

EC Sourcing Group

JULY 20, 2023

The energy sector faces several unique procurement challenges, such as complex supply chains, volatile commodity prices, strict regulatory requirements, and the need for sustainable and socially responsible sourcing. By optimizing costs, companies can improve their profitability and maintain a competitive edge.

Optimal Sourcing 52

Optimal Sourcing Analytics Software Optimization Software Forecasting Software 52

SCMDOJO

OCTOBER 28, 2024

Procurement professionals can contribute significantly to the S&OP process by providing valuable insights into supply chain dynamics, identifying potential risks, and optimizing sourcing strategies. Risk Management: By understanding potential risks, procurement can develop contingency plans to ensure a continuous supply of materials.

S&OP 52

S&OP Optimal Sourcing Supply and Demand Material Savings 52

Logility

MARCH 11, 2022

You need data to drive ethical sourcing decisions, provide transparent reporting, and better manage and mitigate risk. Authenticity and transparency are paramount for the sustainable business, so you need a single, integrated system that finds red flags, audits self-reporting, analyzes results, and adjusts sourcing plans in real time.

Vendor Strategies 156

Vendor Strategies Supply Chain Planning Software Analytics Software Supply Chain Network Software 156

Logistics Viewpoints

APRIL 25, 2024

Not only will this help optimize operations, but it will allow for performance to be benchmarked across sites, helping drive continuous improvement and the sharing of best practices. Companies must begin mandating standard processes across all the facilities, from driver check-ins and the gate to the docks.

Expense Reduction 252

Expense Reduction Cost Reduction Strategies Supply Chain Design Software Inventory Reduction 252

The Logistics of Logistics

JANUARY 3, 2024

Drive My Way takes the pain out of the process by sourcing pre-qualified candidates who match their specific needs. Data-Driven Approach: Drive My Way leverages data and analytics to continuously improve their matching algorithm and platform. This gives them the freedom and flexibility to find the perfect fit.

Logistics Network Optimization Software 210

Logistics Network Optimization Software Cleveland Analytics Software Supply Chain Software 210

Logility

JUNE 5, 2024

They include costs, demand signals, supply volatility, and sourcing. Execute: Drive fundamental strategic changes to enhance supply chain resiliency and agility and establish a continuous improvement cycle to ensure ongoing optimization and adaptation.

Optimal Sourcing 185

Optimal Sourcing Inventory Reduction Inventory Management Software Modeling 185

Logistics Viewpoints

JANUARY 18, 2024

1) Streamlined Data Flow and Process Automation Is all about AI At the heart of effective supply chain automation lies the seamless flow of data across various sources and digital platforms, akin to a well-constructed highway for data. AI effectively facilitates continuous improvement in supply chains!

Supply Chain Software 271

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Network Design Software 271

Logility

OCTOBER 14, 2021

In December 2020, the US Customs and Border Protection issued a detention order on cotton products sourced from some parts of China. Fair labor : Committing to source only products that have been created under fair working conditions with proper living wages, and most especially without the use of child labor or forced labor; .

Sustainability 130

Sustainability Supply Chain Design Software Manufacturing Procurement Supply Chain Planning Software 130

Logility

APRIL 5, 2022

The goal of any SCAR and a corresponding CAP is continuous improvement. Logility’s digital supply chain platform helps you meet your CSR goals with vendor, sourcing, and compliance management.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply Chain Design Software 130

Jaggaer

OCTOBER 24, 2024

This might involve collaborating on capacity planning, logistics optimization, and exploring new sourcing opportunities that align with your expansion strategy. As an innovator you probably rely on suppliers as a source of innovation in their own right, or to contribute to your efforts to develop breakthrough products and services.

Optimal Sourcing 52

Optimal Sourcing Cost Reduction Strategies Inventory Reduction Resource Reduction 52

EC Sourcing Group

MAY 3, 2023

When we make more environmentally friendly sourcing choices, we can reduce greenhouse gas emissions and minimize our impact on the environment. In our previous blog post, we discussed the benefits of sourcing locally. R educe your carbon footprint and improve sustainability in your supply chain.

Material Savings 52

Material Savings Waste Reduction Resource Reduction Procurement Solutions 52

The Logistics & Supply Chain Management Society

SEPTEMBER 14, 2023

Although 2023 first half reliability has been improving to around 65%, the lead time variability is still high compared to other modes of transportation, and still below pre-pandemic levels. Source: Sea-Intelligence Source: Sea-Intelligence The number of blank sailings are at the lowest we have seen since the pandemic started.

Rail Software 244

Rail Software Real-time Visibility Supply Chain Planning Software Predictive Analytics Software 244

ivalua

NOVEMBER 12, 2019

11, 2019 /PRNewswire/ — Ivalua, a global leader in spend management , today announced that it was selected as the winner of both the Innovations in Third Party Management and Innovations in Digitization awards, presented at the Future of Sourcing Awards event in Carlsbad, CA. SOURCE Ivalua. REDWOOD CITY, Calif. , Nov.

Optimal Sourcing 150

Optimal Sourcing Sourcing Strategies Sourcing Procurement 150

ivalua

MARCH 27, 2023

To do this securely and efficiently in today’s environment, an AP team needs a continuous improvement platform like Ivalua; one which helps them continuously control, improve, and update their whole payments journey. With the modern understanding of Tax, it’s clear that organisations need to own their own risk.

France 130

France Sourcing Strategies Optimal Sourcing Price Reduction 130

PINC

APRIL 14, 2020

As a result, it struggled with numerous logistical and supply chain issues, including no single source of truth for data and insights. With one source of truth to work from and a less congested yard, Chemours has also improved its throughput with visibility across six total yards. Finding the Right YMS. Organizing the Chaos.

Chemicals 130

Chemicals Global Company Manufacturing Procurement 130