Logistics Viewpoints

SEPTEMBER 7, 2022

Kevin Nelson, a chief procurement officer and senior vice president at BD, agreed to be interviewed on this topic. Mr. Nelson points out that it is possible for a sourcing problem deep in a supply chain to halt production for BD. If there is only one supplier in the world providing a critical component, “do I need to dual source?

Supply Chain Visibility 232

Supply Chain Visibility Supply Chain Software Optimal Sourcing Procurement Solutions 232

Supply Chain Network

FEBRUARY 10, 2011

So far in this series on Avoiding Procurement Malpractice, we’ve examined spend visibility and analysis as critical elements of best-in-class procurement practices. The good news is that it doesn’t take a lot to have a big impact on the effectiveness of your sourcing strategy and there’s nothing to be lost by getting started now.

Optimal Sourcing 84

Optimal Sourcing Sourcing Strategies Procurement Waste Reduction 84

SCMDOJO

SEPTEMBER 18, 2023

Whether you’re a seasoned procurement professional or just stepping into the world of sourcing and acquisitions, understanding the nuances of procurement synonyms can make all the difference. So, get ready to elevate your communication skills and gain a deeper understanding of the procurement domain.

Negotiating Skills 105

Negotiating Skills Manufacturing Procurement Optimal Sourcing Pricing Training 105

Logistics Viewpoints

AUGUST 9, 2022

By integrating order data, load information across modes, yard shipments and the like, internal departments can turn to a single source of the truth and more accurately manage various aspects of the lifecycle. Inbound/procurement teams could view SKUs at facilities with low days of supply, and drill into orders in the yard with low SKUs.

Inventory Management Software 246

Inventory Management Software Inventory Management Inventory Reduction Supply Chain Planning Software 246

Talking Logistics

DECEMBER 11, 2014

Brent crude oil prices Dec 2009 – Dec 2014 (Source MoneyAM.com). Simply put, I admit upfront that my supply chain and logistics predictions below are biased and flawed, but I make them anyway because it’s a fun exercise, and also because I hope it generates some thoughtful conversations and ideas.

Predictive Analytics Software 258

Predictive Analytics Software Supply Chain Design Software Logistics Network Optimization Software Predictive Analytics 258

The Logistics & Supply Chain Management Society

AUGUST 19, 2022

Ensuring that any approach is fully compliant in order to avoid having to relocate production or supply sources often takes up a lot of internal resources. Joint tariff payment is a better strategy for both partners when compared with looking for a totally new supplier or sourcing from a different country altogether.

Cost Reduction Strategies 245

Cost Reduction Strategies Material Savings Inventory Reduction Vendor Strategies 245

Logistics Viewpoints

SEPTEMBER 28, 2021

Until we have this kind of pervasive visibility, inventory management will continue to be largely an exercise in futility. Real-time visibility into “static goods” — wherever they may be — is the foundation for managing through volatility. The ROI will only multiply with visibility into supplies and goods from end to end.

Rail Software 210

Rail Software Real-time Visibility Supply Chain Planning Software Supply Chain Design Software 210

Precoro

OCTOBER 24, 2022

Procurement is a complex and dynamic process involving strategic planning and several stages of execution, from sourcing to paying and reporting. Supply chain management, purchase requisitions and orders, budget management, and three-way matching – all these processes are integral to procurement as a whole. Lack of Transparency.

Procurement Solutions 81

Procurement Solutions Procurement Analytics Analytics Software Sourcing Strategies 81

ivalua

JUNE 6, 2019

Managing Director, Art of Procurement. Everything procurement delivers – from savings to risk mitigation to value – is predicated on having access to clean, trustworthy data. He gave a keynote presentation about his company’s procurement and supply chain transformation journey – one that is still underway.

Manufacturing Procurement 100

Manufacturing Procurement Sourcing Strategies Optimal Sourcing Data 100

Proxima

MAY 15, 2020

One popular movement that provides a good example is the pursuit of resilience and, in particular, the pursuit of resilience in the face of low-cost country sourcing, or low-cost complex supply chains. It’s not a one-off exercise. The post Sustainable procurement: a platform to rebuild appeared first on Proxima.

Supply Chain Design Software 94

Supply Chain Design Software Supply Chain Planning Software Supply Chain Network Software Sustainability 94

Supply Chain Game Changer

JANUARY 10, 2019

Article provided to Supply Chain Game Changer by Katalin Brennan at Eyvo E-Procurement. We’ve all heard of the need for Procurement to embrace the Digital Transformation for many years. There are few procurement-specific personality surveys available. There are a number of free sources to do this like 123test.

Optimal Sourcing 61

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 61

Supply Chain Game Changer

MARCH 18, 2021

Procurement teams article and permission to publish here provided by Sam Jenks. Procurement is a function that has long been at cross-roads; dare to transform within people, process & technology, or keep doing what has always worked just fine. Procurement practitioners are hard-wired to avoid risk and secure profit/cost gains.

Eliminating Excel in Purchasing 61

Eliminating Excel in Purchasing Optimal Sourcing Procurement Solutions Procurement 61

SCMDOJO

OCTOBER 30, 2024

Conversely, a student who quickly grasps procurement strategies can be challenged with advanced case studies and leadership projects. For example, a student might work on a project that involves analyzing sales data to predict future product demand, thereby learning how to adjust procurement strategies accordingly.

Supply Chain Planning Software 82

Supply Chain Planning Software Analytics Software Forecasting Software Predictive Analytics Software 82

Supply Chain Shaman

OCTOBER 6, 2013

It senses, translates, and orchestrates market changes (buy- and sell-side markets) bidirectionally with near real-time latency to align sell, deliver, make and sourcing functions. I do not think that this will happen through the repurposing of indirect procurement networks (e.g., It builds on the concepts of becoming demand driven.

Supply Chain Network Software 225

Supply Chain Network Software Course Supply and Demand Supply Chain Design Software 225

Supply Chain Game Changer

OCTOBER 15, 2019

Procurement is a core function in every single company. Whether purchasing goods or services to support the company’s product offering or purchasing goods or services to support the infrastructure and operation of the company, Procurement is key. What Exactly is Procurement? What Exactly Is Procurement?

Procurement Solutions 11

Procurement Solutions Purchasing Skills Negotiating Skills Negotiate Pricing 11

QAD

MARCH 5, 2020

The industry can sell pills, fad diets and short-cut exercise programs, but the bottom line is that most people who know will tell you the simple fact is you can’t outwork a bad diet. Every key vendor needs to be vetted, and then sourcing decisions need to be made and supply chain changes enacted.

Vendor Strategies 145

Vendor Strategies Cost Reduction Strategies Waste Reduction Price Reduction 145

Supply Chain View from the Field

APRIL 30, 2013

The net result of this exercise is we got down to less than 1% of the supply base to be part of a strategic relationship. Ron provided another compelling view on the Future of Procurement, and shared the organization model Duke Energy is using to build their merger activity and integrate a diverse supply base.

Optimal Sourcing 68

Optimal Sourcing Meeting Procurement Sourcing Strategies 68

Enterra Insights

JUNE 22, 2021

Even the best plans won’t anticipate all contingencies, which is why they should be exercised for insights and shortfalls. Well-run disaster exercises also help prepare everyone involved to deal with the unexpected. Are there any single-sourced components that we need to diversify in case of an event? 6] Ibid.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Planning Supply Chain Strategy Modeling 130

Talking Logistics

APRIL 6, 2017

It may be time to evaluate your transportation network and approach to procurement and make the move from simply fixing logistics problems as they present themselves to a more strategic, scalable model derived from analytics and not simply rates. Do you have a resilient and “stress-able” routing guide?

Capacity 118

Capacity Price Reduction Sourcing Strategies Cost Reduction Strategies 118

Supply Chain Matters

APRIL 22, 2024

From a supply chain sourcing perspective, a consistent theme in media reporting has been exploration or hints for added Apple supply chain sourcing. Production currently sourced include products such as iPad , AirPod and the Apple Watch. Apple has been a master at exercising many such strategies. Is iPhone U.S.

Sourcing Strategies 52

Sourcing Strategies Manufacturing Procurement Sourcing Indonesia 52

Enterra Insights

DECEMBER 4, 2018

Procurement expert Kelly Barner notes, “Supply chain managers know full well just how reliant their company is on the performance of third parties. Along those lines, continuity of operations plans and disaster recovery plans also need to be developed and routinely exercised. Global supply chains make resilience more challenging.

Optimal Sourcing 133

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Supply Chain Planning 133

ivalua

SEPTEMBER 19, 2022

Herculean efforts by Procurement and Supply Chain departments to keep supplies flowing have prevented even more extreme disruptions than what we’ve experienced, but have inadvertently created additional risks. . Too often, the process is distilled down to a “check the box” exercise on individual suppliers.

Supply Chain Risk Management 130

Supply Chain Risk Management Risk Management Inventory Reduction Cost Reduction Strategies 130

Enterra Insights

JUNE 18, 2019

Cheng-Shorland explains, “Supply chain is driven in large part by the procurement process. Moving any product or service through a supply chain starts with a procurement contract, which initiates the tendering or bidding process via an RFI, RFP or other type of formal request. Talk about a great use case for blockchain!

Manufacturing Procurement 100

Manufacturing Procurement Supply Chain Software Supply Chain Optimal Sourcing 100

Arena Solutions

OCTOBER 10, 2024

Succeeding at Strategic Sourcing With Arena and Part Analytics Learn more about the integration between Arena and Part Analytics here. Full transcript below: Heatherly Bucher Welcome to our session on Succeeding at Strategic Sourcing. Engineering and sourcing professionals build the platform for engineering and sourcing.

Analytics Software 62

Analytics Software Negotiating Skills Sourcing Strategies Purchasing Skills 62

Supply Chain Matters

JULY 25, 2022

Restoring More Direct Control in Materials Sourcing. Prediction Two of this year predictions indicated the following: Restoring More Direct Control in Strategic and Tactical Direct Material Sourcing Will be the Driving Force for Businesses and their Supply Chain Management Teams in the Coming Year.

Sourcing Strategies 59

Sourcing Strategies Manufacturing Procurement Material Savings Predictive Analytics Software 59

Supply Chain Matters

DECEMBER 13, 2023

Such actions were to include mitigation of risks related to China based sourcing, which is now commonly referred to as a China Plus sourcing strategy. That was followed by a public acknowledgement from CEO Tim Cook that the company’s 60 percent sourcing of various production within the country was too much.

Manufacturing Procurement 52

Manufacturing Procurement Sourcing Strategies Sourcing Cost Reduction Strategies 52

Taulia

FEBRUARY 9, 2022

These generally include the following: Identify the need for a new supplier based on procurement requirements. Any new supplier onboarding exercise is triggered by the identification of a procurement need. This involves sourcing potential vendors or suppliers that meet the procurement need and evaluating their suitability.

Optimal Sourcing 98

Optimal Sourcing Sourcing Strategies Vendor Strategies Optimization Software 98

NC State SCRC

MARCH 22, 2019

Some of the typical complaints I hear from procurement colleagues are the same ones I heard 20 years ago, and it seems as if nothing has changed. “Procurement doesn’t get any respect! I can’t get people in the business to listen to what I want to propose to them, and they don’t show up to my category meetings.”

Procurement Solutions 58

Procurement Solutions Negotiate Pricing Modeling Software Optimal Sourcing 58

Jaggaer

SEPTEMBER 18, 2024

Navigating ESG, Supply Chain Risks & Polycrisis Procurement and supply chain executives face a complex landscape of polycrisis : resource scarcity, disruptions resulting from geopolitical tensions and climate change, rising ESG due diligence and reporting requirements, and looming corporate net zero commitments.

Optimal Sourcing 52

Optimal Sourcing Sustainability Procurement Sourcing Strategies 52

Enterra Insights

AUGUST 8, 2024

Inevitably, these will interrupt production, increase sourcing costs, and cut into corporate revenue.”[1] ”[3] Too few companies map their supply chains all the way to where their raw materials are sourced. ” Such exercises will become more important as the threat of extreme weather events increases around the world.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Strategy Supply Chain Software Supply Chain Planning 130

Logility

MAY 20, 2021

ERP technology is historically focused on connecting seemingly disparate departments – such as administration, finance, HR, procurement, manufacturing, warehousing, sales and marketing, and customer service. It provides limited support for optimizing how changes in demand and supply impact the ability to serve at a reasonable cost. “Our

Supply Chain Planning Software 130

Supply Chain Planning Software Optimization Software Analytics Software Demand Planning Software 130

SYSPRO Smarter ERP

AUGUST 2, 2023

Full bi-directional traceability from source to consumption enables comprehensive tracking of the product lifecycle, ensuring adherence to regulations like FDA 21 CFR Part 11 and Good Manufacturing Practices (GMP).

Manufacturing Procurement 98

Manufacturing Procurement Procurement Analytics Analytics Software Optimal Sourcing 98

SCMDOJO

AUGUST 21, 2023

With 15,900 followers, he has carved a niche for himself by using fitness-related analogies and exercises to explain complex supply chain concepts. These insights guide businesses in forming high-performing procurement teams, thereby fostering a seamless and efficient supply chain network.

Negotiating Skills 98

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

Resilinc

MARCH 26, 2024

In a typical scenario, a company reaches out to suppliers and begins talking to logistics and procurement after the typhoon strikes. This allows companies to see what is in demand, source alternative materials, and negotiate new contracts with suppliers at opportunistic price points. This is where CommodityWatch AI can help.

Modeling 107

Modeling Supply Chain Risk Management Modeling Software Risk Management 107

HICX Solutions

JANUARY 22, 2019

The basic purchase-to-pay (P2P) processes for managing and recording the procurement transaction are already automated to some extent in many organisations. Sourcing suppliers and awarding contracts. AI could support sourcing as it’s done today, as well as driving new ways of choosing suppliers and awarding contracts.

Procurement Solutions 40

Procurement Solutions Procurement Analytics Procurement Supply Chain Software 40

NC State SCRC

SEPTEMBER 2, 2021

To avoid bombarding employees with conflicting messages from different sources, one person should be put in charge of communications. The team should organize scenario planning, simulations (“table top exercises”), and training. Give the crisis response team the power it needs to act quickly in an emergency.

Manufacturing Procurement 89

Manufacturing Procurement Scenario Planning Supply Chain Planning Agile and Lean Supply Chain 89

Enterra Insights

APRIL 4, 2018

Globalism has been a boon to the supply chain by expanding sourcing, opening new markets, accelerating growth and highlighting opportunities to save money. to a more resilient ‘trade-game-theory’ and ‘scenario planning’ exercise to prepare for increasingly prominent political risks.”

Risk Management 100

Risk Management Supply Chain Design Software Supply Chain Planning Software Analytics Software 100