New Horizon Supply Chain Blog

FEBRUARY 8, 2024

Introduction: Procurement Planning for Distribution-Intensive Businesses Procurement planning is not a widely recognized category of supply chain software, but it should be. The resulting plan should maintain adequate safety stock levels for each purchased item while reducing inventory costs.

Procurement Solutions 52

Procurement Solutions Optimal Sourcing Supply Chain Planning Software Manufacturing Procurement 52

ivalua

MARCH 28, 2019

As we move towards a new decade is the emphasis in the procurement world changing – are we going to see a new age, where the Art of Procurement comes to the fore? Technology has radically changed procurement activities and procurement roles across virtually all our spheres of activity.

Procurement 167

Procurement Modeling Software Supply Chain Software Predictive Analytics Software 167

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

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

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

SCM Research

JANUARY 12, 2015

Like every year ( see my previous post ), Emerald rewards authors of exceptional papers covered in its extensive Emerald Management Reviews database with a Citation of Excellence Award (full list). I went through the latest list of the Citations of Excellence Top 50 papers. Lessons from Nike.

Eliminating Excel in Purchasing 110

Eliminating Excel in Purchasing Supply Chain Risk Management Optimal Sourcing Modeling Software 110

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

Supply Chain Shaman

JUNE 3, 2024

My 67 quantitative studies over the past decade do not support the value. similarly, over 95% of manufacturers invested and implemented supply chain planning, but their primary tool today is Excel. The current taxonomy does not include a tactical planning tool for procurement (above MRP) which is an opportunity.)

Supply Chain Planning Software 345

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

Supply Chain Shaman

FEBRUARY 18, 2021

I am currently working on a couple of case studies for this blog on how business leaders used digital twin modeling during the pandemic. Initially, the output was published to procurement to design strategic buying strategies. Procurement became an island–isolated from the demand signal except for MRP.

Supply Chain Planning Software 288

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

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 Game Changer

JANUARY 21, 2021

Featuring Our 12 Best Procurement Articles! Procurement drowning in data article and permission to publish here provided by Sam Jenks at kodiakrating.com. Meanwhile, 60% of procurement teams have no tools or rely primarily on improvised systems for Supplier Management. Is Procurement drowning in data? Subscribe Here!

Optimal Sourcing 85

Optimal Sourcing Procurement Data Supply Chain Planning Software 85

Logistics Viewpoints

APRIL 14, 2022

Experts from North Carolina State University and GEP conducted a survey on supply chain, procurement and IT leaders to determine their challenges and priorities, focusing on examining gaps in the supply chain. The study found that these leaders considered the largest gap to be between supply chain and procurement, citing it as a major issue.

Supply Chain Planning Software 237

Supply Chain Planning Software Supply Chain Software Forecasting Software Procurement Solutions 237

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. In a recent study, roughly 1/3 of respondents were familiar or very familiar with the concepts of the Graph Approach. I term this our data jail. An ontology is a graph database use case.

Optimal Sourcing 345

Optimal Sourcing Modeling Supply and Demand Manufacturing Procurement 345

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

Unleashed

AUGUST 11, 2020

Digitising processes provides transparency of these operational processes and will deliver reliable data, allowing manufacturers to make more effective business decisions to maximise productivity and drive operational excellence. Unleashed Software’s Business Intelligence tools are a case in point.

Manufacturing Procurement 89

Manufacturing Procurement Inventory Management Software Supply Chain Planning Software Forecasting Software 89

Supply Chain Movement

AUGUST 31, 2016

The procurement Summit 2016. Building on the huge success of eWorld Procurement & Supply – which has been running bi-annually in London since 2001 – the new Procurement Summit will bring together 150 purchasing and finance professionals from across the commercial, public and third sectors. Procurement Automation.

Procurement Analytics 60

Procurement Analytics Procurement Solutions Procurement Internet of things 60

Supply Chain Movement

APRIL 23, 2015

The Procurement Summit. The Procurement Summit provides senior purchasing, sourcing and supply chain executives across the North of England with an unmissable opportunity to keep up-to-date with the latest industry innovations, best practice and new technology solutions. Date: 17 November 2015. Organization: Revolution Events.

Procurement Solutions 60

Procurement Solutions Procurement Case Study Eliminating Excel in Purchasing 60

Supply Chain Shaman

SEPTEMBER 13, 2023

I know that your primary focus is procurement. The issues are largely rooted in politics and the lack of clarity on supply chain excellence. Or planned orders to purchase orders?) ” Anna, this blog post is for you. Over the last two years, I actively engaged technologists and business leaders to redefine demand planning.

Supply and Demand 388

Supply and Demand Supply Chain Planning Software Modeling Demand Planning 388

Freightos

AUGUST 10, 2024

Even MIT released a study in January suggesting that AI is too costly to replace human roles that require visual input. ERP System Decision Making: Integrating AI into ERP systems could automate purchasing decisions based on real-time data on shipping rates and capacity.

Logistics Network Optimization Software 229

Logistics Network Optimization Software Modeling Software Supply Chain Planning Software Negotiating Skills 229

Claritum

NOVEMBER 16, 2018

Claritum Article - Procurement Blog. Address Procurement Strategy. Focus Procurement on supplier optimisation. Don’t lose Procurement’s focus on costs. Keep Procurement up to date. Procurement is a complex multidisciplinary team activity that crosses all areas of the business. Introduction. Remove the noise.

Procurement Solutions 69

Procurement Solutions Procurement Analytics Optimal Sourcing Negotiating Skills 69

EcoVadis

JUNE 13, 2019

Now in our sixth year supporting the SPLC, it did not disappoint: This was the strongest and the most diverse gathering of committed and capable practitioners we’ve ever seen in North America — it felt like a real groundswell of action on sustainable purchasing! Strong Focus on Supplier Practices, and Private Sector. for a tender).

Procurement Solutions 40

Procurement Solutions Eliminating Excel in Purchasing Material Savings Purchasing Skills 40

Supply Chain Shaman

FEBRUARY 14, 2022

Forty interviews and two quantitative studies helped me build the model in my mind. Demand latency is two-eight weeks delayed from consumption purchase to translate to an order. I kept pressuring this client to use their channel data locked into the Excel files in their sales account teams. Mistake #3. My challenge? Measure it.

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

Jaggaer

OCTOBER 22, 2020

He was joined by Youness Taghrichte, Head of Procurement at Attijariwafa Bank, together with Richard Hogg, VP Northern Europe, JAGGAER, and Javier Lopez, Senior Value Engineer, JAGGAER. Spend management and procurement will play a key role in enabling banks to achieve their efficiency targets while managing supply chain risks,” he added.

Vendor Strategies 52

Vendor Strategies Sourcing Strategies Price Reduction Cost Reduction Strategies 52

Proxima

FEBRUARY 6, 2020

This is important because today’s consumers care, as they quickly leap from brand to brand, they’re buying the change they wish to see in the world. A recent study showing 80% of global millennial respondents find it important for companies to actively take steps to reduce their environmental impact. Being first matters too.

Eliminating Excel in Purchasing 52

Eliminating Excel in Purchasing Retail Optimal Sourcing Supply Chain Design Software 52

Freightos

JULY 31, 2024

Even MIT released a study in January suggesting that AI is too costly to replace human roles that require visual input. ERP System Decision Making: Integrating AI into ERP systems could automate purchasing decisions based on real-time data on shipping rates and capacity.

Logistics Network Optimization Software 160

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Software Modeling Software 160

The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Essential Skills for Supply Chain Leaders in Asia during Pandemic The Asian Institute of Management conducted a study across orgainsations in Asia to identify crucial skills and competencies required by supply chain managers and leaders in Asia.

Purchasing Skills 130

Purchasing Skills Buyer Training Asia Supply Chain Design Software 130

Supply Chain Shaman

JUNE 29, 2022

Concurrent macro forces–material shortages, war, shifts in consumer buying patterns, logistics constraints, inflation/recession, and climate change– are reshaping today’s reality necessitating the need for a supply chain reset button. Supply chain excellence happens when leaders manage complex non-linear flows.

Supply Chain Design Software 259

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Pricing Training 259

Supply Chain View from the Field

DECEMBER 14, 2013

In this first of a series of blogs, I will be exploring many of the key themes that emerged in the recent Future of Procurement study I co-authored with KPMG’s Procurement Advisory Council. The first of the themes we will explore is the procurement manager’s role as a support to the Chief Financial Officer.

Optimal Sourcing 74

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 74

SCMDOJO

JANUARY 17, 2024

They are in charge of purchasing, procurement, and sourcing. Common Bachelor’s degrees for this career path are: Business administration Supply chain management Engineering If you’re already planning your Master’s studies, consider business administration, supply chain, and operations management programs.

Purchasing Skills 98

Purchasing Skills Negotiating Skills Optimal Sourcing Manufacturing Procurement 98

SCMDOJO

OCTOBER 23, 2024

Pricing Structure Affordable pricing, with annual access to purchased courses and practical resources through Pro Plan. This learning platform covers every angle of supply chain management, from demand planning and inventory management to supplier relationship management, procurement, and logistics.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Course Supply Chain Software 52

SCMDOJO

JUNE 21, 2023

Companies with advanced supply chain practices excel in delivering quality third-party logistics management, SKU optimization, efficient transport management, and swift handling of B2B/B2C shipments. Two fundamental questions arise: the definition of procurement outsourcing and the most efficient approach to its implementation.

Supply Chain Planning Software 105

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Optimal Sourcing 105

SCMDOJO

MARCH 19, 2024

When customers have transparency into product availability, delivery timelines, and order status, they are more likely to complete purchases and continue shopping with a business. At the same time, it makes excellent sense to have a good SEO software solution to keep track of how your marketing strategies perform.

Supply Chain Visibility 98

Supply Chain Visibility Supply Chain Design Software Supply Chain Planning Software Supply Chain Software 98

HICX Solutions

MARCH 17, 2020

The continued growth in the adoption of procurement-to-pay (P2P) or source-to-settle (S2S) suites in the last few years is testament to the significant value they deliver to procurement teams in businesses of all sizes. And this is where the problems begin.

Procurement Solutions 40

Procurement Solutions Supplier Management Vendor Strategies Procurement Analytics 40

Supply Chain Shaman

JUNE 14, 2018

Bonuses and incentives align with functions and are often counter productive to driving supply chain excellence. Today, over 90% of companies have deployed ERP and APS, but as shown in Table 1, inventory levels have grown not decreased in over 80% of industries studied. PFEP optimizes the policies that define how to procure each part.

Optimal Sourcing 173

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Agile and Lean Supply Chain 173

Supply Chain Shaman

DECEMBER 4, 2018

As a B2B company, procurement management is essential. The total cost of ownership analyzes the total costs of the buying decision. The company had to ensure they were balancing everything appropriately, not only considering just purchase price variance or cost down but all the elements of the source-plan-make-deliver cycle. (In

Supply Chain Software 30

Supply Chain Software Case Study Supply Chain Planning Software Supply Chain Design Software 30

Logistics Bureau

NOVEMBER 3, 2024

Mini Case Study: Walmart Walmart may be the most famous example of a company that has succeeded primarily because of a well-developed and aligned supply chain strategy. That should be sobering news for any business not yet focused on supply chain excellence as a lever for business success.

Inventory Reduction 69

Inventory Reduction Cost Reduction Strategies Vendor Strategies Supply Chain Design Software 69