Supply Chain Game Changer

MARCH 18, 2021

Procurement teams article and permission to publish here provided by Sam Jenks. Excellence, or superiority, is often the goal in corporate organizations. Each and every function, within its own right, strives for excellence and achievement in order for a company to collectively grow, evolve, and thrive. (Infographic).

Eliminating Excel in Purchasing 61

Eliminating Excel in Purchasing Optimal Sourcing Procurement Solutions Procurement 61

Supply Chain Shaman

APRIL 29, 2024

In 2012, when I started Supply Chain Insights , I believed that I could revolutionize the purchase of supply chain planning solutions by initiating a rating and review process across trading partners. Buying supply chain planning software is hard. How are people buying software? Here I share how to challenge the status quo.

Supply Chain Planning Software 394

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Forecasting Software 394

Synovos

NOVEMBER 10, 2023

The assessment focuses on 21 sustainability criteria that are grouped into four themes: environment, labor and human rights, ethics, and sustainable procurement. RS Integrated Supply was introduced by RS Group in 2022 after combining Synovos and IESA, two procurement and supply chain management companies.

Eliminating Excel in Purchasing 105

Eliminating Excel in Purchasing Groups Optimal Sourcing Manufacturing Procurement 105

Supply Chain Shaman

MARCH 21, 2024

The class discovers the current blackholes of the supply chain (direct procurement and contract manufacturing. For example, in my qualitative research studies, I find few can answer the questions of what defines a feasible plan, how to measure inventory effectiveness, or how to tune and refine models. Lack of executive buy-in.

Inventory Reduction 406

Inventory Reduction Supply Chain Planning Software Cost Reduction Strategies Supply Chain Design Software 406

Supply Chain Shaman

APRIL 9, 2021

The myopic focus on IT standardization resulted in the purchase of technology, but not value delivery. The continued focus on functional metrics like Purchase Price Variance (PPV), manufacturing costs, Overall Equipment Efficiency (OEE), and transportation costs throws the supply chain out of balance. Belief in efficient procurement.

Supply Chain Planning Software 362

Supply Chain Planning Software Procurement Analytics Supply Chain Performance Manufacturing Procurement 362

Logistics Bureau

DECEMBER 4, 2023

So, rather than get overly prescriptive, I’ll use this blog post to highlight some companies that have achieved success through excellence in inventory management , and outline some of the most effective elements of their strategies. Another takeaway is the importance of warehouse layout as an enabler for inventory management excellence.

Inventory Reduction 75

Inventory Reduction Inventory Management Software Inventory Management Eliminating Excel in Purchasing 75

ivalua

AUGUST 21, 2022

As a Procurement Leader, carbon neutrality by 2050 should be a central focus and Dr. Natacha Tréhan’s comprehensive research offers practical tips to get you on track. First, let’s start with procurement and how it plays a significant role in reducing the carbon footprint with 3 key areas of impact: – Actions with suppliers.

Optimal Sourcing 130

Optimal Sourcing Procurement Solutions Material Savings Supply Chain Design Software 130

Jaggaer

SEPTEMBER 12, 2024

With the acceleration of Artificial Intelligence and its role in our world and how procurement functions, it’s easy to become overwhelmed by both the possibilities and the risks. Talent retention is a growing priority in procurement and supplier relationships as market demands and technology evolve.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Optimal Sourcing Procurement 52

Supply Chain Shaman

APRIL 27, 2022

Supply chain excellence is easier to say than to explain. Let’s take P&G as an example. 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. Supply chain excellence was largely defined as manufacturing excellence.

Procurement Analytics 341

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software 341

Unleashed

MARCH 7, 2022

Here we give you the complete guide to PAR levels – including what they are, who can use them, their benefits, the PAR level formula, examples, and tools you can use to manage your inventory using this method. In a restaurant, for example, preventing food spoilage is an important way to cut costs and to boost profitability.

Inventory Management Software 98

Inventory Management Software Inventory Reduction Inventory Management Examples 98

Precoro

NOVEMBER 7, 2022

In order to run a successful business, you need a dedicated procurement team to obtain these essential goods and services, ensure timely delivery, and nurture good relationships with your vendors. Paying for offices, utilities, technology subscriptions, and cleaning services is also part of the procurement team's responsibility.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Solutions Optimal Sourcing Procurement Analytics 52

Jaggaer

SEPTEMBER 26, 2024

Overcoming Procurement Challenges: Cost, Resilience, and Sustainability If you’re a CPO (or other procurement leader) you are like the protagonist in a thriller that has not one but three exciting plotlines. As a procurement leader, you need to step back and see the big picture, but you also need an eye for the finest details.

Optimal Sourcing 52

Optimal Sourcing Procurement Material Savings Sourcing Strategies 52

Precoro

OCTOBER 2, 2023

The procurement landscape is ever changing, and recently, in contrast to the traditional procure-to-pay platforms, we have seen the emergence of a new type of software solution, intake-to-pay, which is marketed as a more comprehensive solution. But hold on: are we sure that wasn't all possible with procure-to-pay, anyway?

Procurement Solutions 59

Procurement Solutions Procurement Analytics Optimal Sourcing Supply Chain Design Software 59

SCMDOJO

FEBRUARY 13, 2023

The procurement department is an integral part of any organization, playing a crucial role in the purchasing process. To get the most out of any procurement team, all the associated key roles need to be filled with qualified individuals that understand both technology and the principles of supply chain management.

Negotiating Skills 87

Negotiating Skills Purchasing Skills Negotiate Pricing Procurement Analytics 87

NC State SCRC

APRIL 2, 2023

The term “COE” is often a commonly heard term in supply managers’ vernacular, but it’s interesting to note that Centers of Excellence as an organizational entity have been around for more than fifty years – and evolved first in the form of what was called “shared services”.

Sourcing Strategies 52

Sourcing Strategies Resource Reduction Cost Reduction Strategies Inventory Reduction 52

Supply Chain Game Changer

APRIL 15, 2020

Digital Procurement article, and permission to publish here, provided by Sam Jenks at kodiakrating.com. Navigating the complexity of the global supply chain as a procurement professional can sometimes feel like taking a walk through the Amazon without a compass, or entering into outer space without an oxygen tank. Don’t Panic!

Procurement Solutions 90

Procurement Solutions Procurement Analytics Procurement Eliminating Excel in Purchasing 90

Supply Chain Game Changer

JANUARY 9, 2019

Procurement, or Purchasing, is an area of Supply Chain that involves and requires very specific skills and expertise. Regardless of your position or situation it is highly valuable to understand the type of interview questions, and answers, appropriate for Procurement and Purchasing professionals. It can appear useless.

Procurement Analytics 68

Procurement Analytics Manufacturing Procurement Procurement Solutions Purchasing Skills 68

The Logistics of Logistics

OCTOBER 30, 2023

He is a board member of the Association for Manufacturing Excellence (AME) and a contributor to the Forbes Technology Council , Manufacturing Today, WardsAuto , Supply Chain Brain, Industry Today, Aerospace Manufacturing and Design, ASSEMBLY , and more. Richard previously founded and led Factory Logic, Inc. acquired by SAP).

Optimal Sourcing 243

Optimal Sourcing Inventory Reduction Supply Chain Design Software Manufacturing Procurement 243

HICX Solutions

JUNE 24, 2022

Prominent members of the procurement community discuss why we should care about the supplier’s experience, at last week’s World Procurement Congress. Four inspiring procurement and supply chain leaders advocated supplier-centricity, at Procurement Leaders’ World Procurement Congress 2022, which took place in London last week.

Procurement 52

Procurement Eliminating Excel in Purchasing Purchasing Skills Price Reduction 52

Supply Chain Shaman

AUGUST 18, 2022

At the end of a long day of a strategy session on supply chain excellence with a client, I needed to fill up some time in an agenda. They had never been in the same room to discuss demand holistically from sales teams to procurement. The strategy day owner was a global process center of excellence leader. The result? Background.

Supply and Demand 259

Supply and Demand Demand Planning Software Supply Chain Planning Software Optimal Sourcing 259

Precoro

APRIL 6, 2022

If you're reading this now, then you’ve probably noticed how outdated traditional procurement systems recede into the past and are replaced by new modern solutions. What is Cloud Procurement? All this functionality helps save costs, choose the best vendors, ensure compliance, appraise supplier risk, and streamline procure-to-pay cycle.

Procurement Solutions 71

Procurement Solutions Procurement Analytics Modeling Software Analytics Software 71

AIMMS

NOVEMBER 12, 2019

So should the purchasing process. . RFIs tend to work well for certain industries (like government) or for purchasing equipment and industrial assets, bu t t hey often fall short in helping supply chain teams select a new software vendor. There is valuable time and effort put in by both the supplier and the purchasing party.

Procurement Solutions 252

Procurement Solutions Supply Chain Planning Software Modeling Software Supply Chain Software 252

Supply Chain Shaman

NOVEMBER 21, 2022

So, I smile, catch my dinner partner’s eye and ask, “In our prior conversations, you mentioned the lack of clarity on the definition of supply chain excellence in your current deployments and how this is a barrier to implementing supply chain planning properly. Self-driving supply chains are an example. The facts are clear.

Supply Chain Planning Software 301

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Modeling 301

Enterra Insights

MARCH 17, 2022

” And, most experts agree that “every part of the business” includes everything from resource procurement to recycling. “Reach out to other departments about ways to collaborate on sustainability initiatives, and talk to your executive team to gain buy in.” ”[7]. The post St.

Supply Chain Design Software 147

Supply Chain Design Software Eliminating Excel in Purchasing Material Savings Waste Reduction 147

Supply Chain Shaman

JUNE 3, 2024

similarly, over 95% of manufacturers invested and implemented supply chain planning, but their primary tool today is Excel. For example, today, I had an interesting discussion with a client on the dilemma of Shadow IT and 200 planners having a number of planning technologies but using visual analytics. ” Does the Dog Hunt?

Supply Chain Planning Software 345

Supply Chain Planning Software Supply Chain Design Software Modeling Software Forecasting Software 345

ivalua

APRIL 5, 2019

In my last two articles ( here and here ) I’ve been talking about the need for Procurement to think about how we can move beyond our historical transactional role and embrace approaches to help drive competitive advantage and real value for our organisations. I’d suggest that “speed” has both internal and external dimensions.

Procurement Solutions 100

Procurement Solutions Procurement Analytics Optimal Sourcing Procurement 100

Supply Chain Game Changer

NOVEMBER 13, 2018

Check out What Exactly Is Procurement? And What is Purchasing? There has been transformation in the Procurement function over the past decade. From the starting point of the traditional buy-sell, transaction-based purchasing, the practice has moved through stages of change that redefines most aspect of the business.

Manufacturing Procurement 73

Manufacturing Procurement Optimal Sourcing Procurement Analytics Cost Reduction Strategies 73

Supply Chain Shaman

FEBRUARY 18, 2021

Initially, the output was published to procurement to design strategic buying strategies. Procurement became an island–isolated from the demand signal except for MRP. Here are some examples: Manufacturing: Lowest manufacturing cost, Operational Equipment Effectiveness (OEE), and Asset Utilization.

Supply Chain Planning Software 288

Supply Chain Planning Software Supply Chain Design Software Supply and Demand Procurement Analytics 288

Unleashed

MARCH 21, 2021

The procure to pay process is complex and far more than simply making a phone call, or sending a few emails to arrange the purchase of goods. Strategically approaching the procure to pay process can see your company reap the rewards. In this guide, we’ll cover: What is the procure to pay process. Negotiating.

Procurement Analytics 59

Procurement Analytics Procurement Solutions Manufacturing Procurement Optimal Sourcing 59

Logistics Viewpoints

APRIL 24, 2023

This technology allows businesses to unify their procurement, expense management, invoicing, payments, contract management, and spend analysis processes and reporting. The visibility to spend allows them to provide excellent benchmarking in several areas. Initially, this product will focus on the purchase order (PO) acceptance process.

Supply Chain Design Software 226

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Optimization Software 226

Precoro

MARCH 30, 2022

Strategic Procurement Helps a Business Unleash its Potential. As The Hackett Group discovered, approaching procurement strategically with specific business goals in mind helps achieve a significantly higher ROI. Operational efficiency and cost reduction are among the top procurement priorities for CPOs, according to Deloitte.

Vendor Strategies 52

Vendor Strategies Sourcing Strategies Cost Reduction Strategies Price Reduction 52

Jaggaer

SEPTEMBER 11, 2020

Now, as companies start to seek, and create competitive advantages, the procurement function is in the spotlight. Typically, resistant to change and reliant on manual methods, procurement departments tend to be slow when adapt ing to technological developments. Priming Procurement for Intelligent Digital Transformation .

Procurement 86

Procurement Sourcing Strategies Supply Chain Network Software Supply Chain Design Software 86

ivalua

JULY 13, 2022

Procurement Leaders Webinar. With mounting pressure for organizations to make tangible contributions to Environmental, Social, and Governance (ESG) initiatives, the procurement function must strategize to implement and report their collective efforts. The percentage of purchased goods emissions by suppliers with science-based targets.

Procurement Solutions 130

Procurement Solutions Supply Chain Planning Software Optimization Software Optimal Sourcing 130

Synovos

FEBRUARY 21, 2023

Improve Operational Efficiency and Eliminate Internal Complexity Through Digital Procurement From better spend visibility to reduced order times and more, can your organization afford to miss out on the benefits of digital procurement? “Any good procurement team needs access to reliable data.”

Optimal Sourcing 52

Optimal Sourcing Sourcing Strategies Procurement Analytics Cost Reduction Strategies 52

Supply Chain Shaman

MAY 26, 2023

Primed for transactional efficiency, these legacy architectures based on relational databases drive order-to-cash and procure-to-pay efficiencies. Like Linus clinging to his blanket, supply chain teams make most of their decisions on Excel spreadsheets. I term this our data jail. Semantic reconciliation gives data meaning.

Optimal Sourcing 345

Optimal Sourcing Modeling Supply and Demand Manufacturing Procurement 345

Supply Chain Shaman

FEBRUARY 1, 2024

Let’s take a couple of examples: Retail Available to Promise (ATP). days to receive a purchase order confirmation. The average purchased order changes 3.5 As shown in FIgure 1, the fourth node is the COV of materials in planned orders/COV of purchase orders. How does this happen? The issue is data synchronization.

Supply Chain Planning Software 345

Supply Chain Planning Software Optimal Sourcing Manufacturing Procurement Waste Reduction 345

AIMMS

NOVEMBER 12, 2019

So should the purchasing process. . RFIs tend to work well for certain industries (like government) or for purchasing equipment and industrial assets, bu t t hey often fall short in helping supply chain teams select a new software vendor. There is valuable time and effort put in by both the supplier and the purchasing party.

Procurement Solutions 156

Procurement Solutions Supply Chain Planning Software Modeling Software Supply Chain Software 156