ivalua

JUNE 26, 2023

Vishal Patel and Peter Hunt delivered their session ‘Creating Value with Strategic Sourcing’ to discuss how Procurement professionals are recognizing that the fast-paced digital landscape of today demands new approaches to category management and strategic sourcing. The answer is simple – automation. See you soon!

Optimal Sourcing 244

Optimal Sourcing Manufacturing Procurement Procurement Sourcing Strategies 244

ivalua

JUNE 14, 2023

Process: Blueprints for Success This process workstream focuses on blueprinting existing processes, policies, and metrics. Data cleansing techniques can eliminate inconsistencies, and the data workstream should establish governance protocols to ensure data integrity and develop effective management practices.

Optimal Sourcing 239

Optimal Sourcing Sourcing Strategies Procurement Resource Reduction 239

SupplyShift

JANUARY 20, 2018

In the last five years there has been a substantial increase in consumer preferences focused on ethics-based brands (HSBC) as well as rapidly growing shareholder actions based on social and environmental metrics ( HBR.com ) that result in a change in the way that global companies assess performance.

Government 40

Government Optimal Sourcing Sourcing North America 40

Supply Chain Shaman

APRIL 18, 2023

The global supply chain is built on three assumptions: rational government policy, availability of reasonably priced logistics, and low variability. For organizations layered in functional metrics and driving a cost agenda, this is a tough nut to crack. Build in-market sourcing. Over four-hundred days of war in Ukraine.

Supply Chain Planning Software 390

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 390

Logistics Viewpoints

JULY 7, 2022

Environmental, social, and governance (ESG) priorities impact every facet of business and will determine the market leaders of tomorrow. These include: Challenges getting ESG metrics from suppliers, partners, and other third parties. Time-consuming manual processes to report on ESG metrics. Start with your supply chain.

Material Savings 271

Material Savings Waste Reduction Resource Reduction Supply Chain Design Software 271

ShipBob

DECEMBER 28, 2022

Where you get these from, or how you source them, can be a huge decision. Sourcing can seem overwhelming if you’re a brand or retail buyer not entirely sure what you’re doing, but it can significantly impact the quality, cost, and availability of your products. What is strategic sourcing? What is procurement?

Sourcing Strategies 52

Sourcing Strategies Manufacturing Procurement Purchasing Skills Material Savings 52

Supply Chain Shaman

DECEMBER 15, 2022

Functional Metrics. With the implementation of transactional systems, the focus was on measuring and controlling functional metrics like the lowest manufacturing cost or purchase price variance in procurement. La ck of Visibility of Supply Chain Trade-offs to Manage Balance Sheet Impacts. False Beliefs.

Manufacturing Procurement 394

Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software Procurement Analytics 394

NC State SCRC

MAY 7, 2020

We have started to put together ideas on what a national governance framework would look like, which would begin by establishing a standing governance model for national disasters. While we may not experience another disaster as severe as this pandemic, we need to assume the worst case in planning a governance model. First case?

Government 52

Government Pharmaceutical Supply Chain Planning Software Supply Chain Planning 52

Logistics Viewpoints

NOVEMBER 20, 2024

Ethical sourcing is a fundamental aspect of social sustainability. Partnering with NGOs, governments, and industry peers allows organizations to share resources, reduce costs, and amplify the impact of sustainability initiatives. Collaboration has also emerged as a key enabler of economic sustainability.

Waste Reduction 139

Waste Reduction Sustainability Supply Chain Design Software Resource Reduction 139

ivalua

AUGUST 1, 2022

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. Of course, many organizations are far down the digital procurement transformation path and already have some or all of Source-to-Pay (S2P) digitized. The main takeaway?

Supplier Management 130

Supplier Management Sourcing Strategies Procurement Solutions Optimal Sourcing 130

Supply Chain Shaman

JANUARY 31, 2022

Source E2open Shipping Index). As a result, focusing on cost and efficiency, and functional metrics throws the supply chain out of balance. Payable terms grew, and the focus on efficient procurement and functional metrics reduced the development of strong relationships across the value chain. Focus on Cost. What to do?

Procurement Analytics 221

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies 221

Kinaxis

AUGUST 29, 2014

Supply Chain Insights recently published a Metrics That Matter report covering both the Semiconductor and Hard Disk Drive (HDD) industries. Semiconductor is poised to consolidate, which will have huge impact on the metrics. Consider that the Chinese and India governments are investing in the semiconductor industry.

Metrics 171

Metrics Supply Chain Planning Software Manufacturing Procurement Thailand 171

Logistics Viewpoints

AUGUST 15, 2022

Of the professionals surveyed, 59% saw the gap between procurement/sourcing and supply chain to be a major disconnect, and the most pressing pain point. Both procurement solutions from ERP companies like Oracle or Infor – or business spend management solutions – can help companies enforce these sourcing supplier decisions.

Supply Chain Network Software 250

Supply Chain Network Software Manufacturing Procurement Procurement Analytics Optimal Sourcing 250

Logistics Viewpoints

JULY 22, 2021

As product flows rapidly shifted and hard baked assumptions about lead times and sourcing locations were put to test, users across many organizations bypassed their planning systems and turned to excel sheets, internal data science teams or non-traditional supply chain vendors who could deliver AI based solutions at a faster turn.

S&OP 269

S&OP Supply and Demand Optimal Sourcing Supply Chain Design Software 269

Supply Chain Shaman

FEBRUARY 7, 2022

Source E2open Shipping Index). As a result, focusing on cost and efficiency, and functional metrics throws the supply chain out of balance. Payable terms grew, and the focus on efficient procurement and functional metrics reduced the development of strong relationships across the value chain. Focus on Cost. What to do?

Procurement Analytics 195

Procurement Analytics Manufacturing Procurement Sourcing Strategies Optimal Sourcing 195

Logistics Viewpoints

SEPTEMBER 13, 2022

In the past few decades, an increasing number of organizations have adopted environmental, social and governance ( ESG ) initiatives to help heal the planet as well as to make cost and efficiency improvements in their supply chain and procurement operations. Next, the enterprise can set targets.

Cost Reduction Strategies 233

Cost Reduction Strategies Supply Chain Planning Software GEP Supply Chain Network Software 233

DELMIA Quintiq

OCTOBER 7, 2020

Identify metrics, analytics and projects to drive business improvements. Determining which technologies to adopt starts with solid project governance and understanding the maturity and readiness of your plant’s ability to accept change. One place to start is in assembling a well-represented, well-formed steering committee.

Supply Chain Design Software 358

Supply Chain Design Software Supply Chain Planning Software Analytics Software Supply Chain Software 358

Jaggaer

OCTOBER 23, 2024

ESG Sustainability Reporting As procurement’s intelligent source-to-pay and supplier collaboration platform, JAGGAER One enables customers and stakeholders to achieve their environmental, social, and governance (ESG) objectives by simplifying, automating, and embedding sustainability principles directly into our software solutions.

Sustainability 52

Sustainability Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 52

GlobalTranz

MAY 20, 2015

The next posts in the series will break down metrics and issues to consider in SQM by industry and conclude with a case study on the application of SQM. 5 Key Metrics to Use for Scoring Supplier Quality Management (From LNS Research ). The definition of this metric is similar to the way it sounds. Cost of quality.

Procurement Analytics 120

Procurement Analytics Metrics Quality Supply Chain Planning Software 120

Logility

AUGUST 15, 2023

Even before importing and selling any item, every step addresses complex challenges amplified by regulations dictating the origin of goods and ethical sourcing and labor practices. Planners can then pinpoint revenue at risk due to a high resilience index, transcending the conventional scope of multi-sourcing strategies.”

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 130

ivalua

JULY 15, 2021

With this mounting pressure to commit to Net Zero and CPOs goals and incorporate sustainability metrics into all aspects of procurement decisions and processes, businesses are looking to elevate ESG strategies with a mind for climate change, ethical social practices and stronger governance models.

Material Savings 130

Material Savings Sourcing Strategies Supply Chain Strategy Sustainability 130

Logility

APRIL 29, 2021

Lack of supplier insight can result in your organization violating government regulations; working with providers who don’t share your company values; or getting caught up in trade embargoes, sanctions, and labor and social justice issues. For example, governments may enact new laws that affect worker rights.

Optimal Sourcing 199

Optimal Sourcing Supply Chain Planning Software Sourcing Strategies Supply Chain Optimization 199

EcoVadis

MAY 31, 2018

Read on for more details about EcoVadis ratings in this interview (first published on the ING Wholesale Banking site): Rating Sustainability Performance: An Essential Business Metric. Pierre-Francois Thaler, co-founder and co-CEO, explains the company’s business model and why it’s important to get rated.

Procurement Analytics 68

Procurement Analytics Metrics Sustainability Optimal Sourcing 68

QAD

OCTOBER 18, 2022

Am I contributing to society by buying an environmentally sourced and produced product to have a greener planet? Governments and industries are joining this trend by creating new laws and regulations to ensure that businesses are respecting human rights, supporting diversity and respecting the planet. Do you want to see more?

Gartner 98

Gartner Optimal Sourcing Alabama Metrics 98

QAD

JULY 7, 2022

Are any suppliers on government watchlists or under sanctions? Are your consumers making buying decisions based on environmental, social and governance (ESG) issues, corporate social responsibility (CSR) or other ethical issues? The concept of ethical sourcing has risen in popularity during the past four years.” .

Purchasing Skills 98

Purchasing Skills Manufacturing Procurement Cost Reduction Strategies Procurement Analytics 98

Supply Chain Game Changer

NOVEMBER 20, 2018

Doing business with suppliers located overseas or in another country can be an overwhelming and daunting task even for expert Sourcing professionals. He had a marketing plan. But beyond that he had no idea on where to start to source his product. Check out What is Virtual Procurement and Why Should You Care?

Manufacturing Procurement 44

Manufacturing Procurement Optimal Sourcing Sourcing Supply Chain Planning Software 44

ivalua

AUGUST 17, 2021

There are, in fact different phases of procurement value creation that tie into the Source-to-Pay process: . Creating Value occurs when sourcing and procurement uses relevant sourcing processes and tools to engage and select the best fit supplier. What is Direct Procurement? What is Indirect Procurement?

Manufacturing Procurement 130

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 130

Jaggaer

OCTOBER 24, 2024

Here are key strategies to take you there: Utilizing technology platforms : Next-generation source-to-pay (S2P) platforms should offer integrated—not isolated or siloed—supplier management capabilities to make supplier information available across all business functions.

Negotiate Pricing 52

Negotiate Pricing Optimal Sourcing Supply Chain Planning Software Negotiating Skills 52

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. Analyze performance metrics and implement improvements to enhance efficiency. Grab yours now!

Optimal Sourcing 98

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 98

TMC

NOVEMBER 18, 2015

For instance, when a disaster such as a hurricane, a labor strike, or a bankruptcy disables key suppliers, quick-moving enterprises are able to lock in alternative sources of supply before their rivals. There is growing interest in incorporating weather forecast data from a variety of sources into supply chain planning.

Metrics 67

Metrics Supply Chain Planning Software Forecasting Software Logistics Network Optimization Software 67

Logility

MARCH 10, 2022

Many companies now use environmental, social and governance (ESG) performance metrics when setting targets for executive pay, which is a clear indicator that sustainability is moving beyond being a brand value. Every business discusses key issues such as climate change, controversial sourcing, and tax transparency,” observed Curtin.

Supply Chain Planning Software 130

Supply Chain Planning Software Modeling Sustainability Sourcing Strategies 130

SYSPRO Smarter ERP

JANUARY 23, 2023

Sustainability has come onto the agenda of many businesses, with environmental, social, and governance (ESG) goals becoming major considerations. Investors are tending to avoid companies that lack environmental, social, and governance reporting. It is only with the analysis of data that situations can be visualized and changes made.

Waste Reduction 111

Waste Reduction Report Optimal Sourcing Price Reduction 111

HICX Solutions

MARCH 17, 2023

By Costas Xyloyiannis, CEO of HICX By helping procurement teams digitally transform their operations, businesses gain a single source of truth in supplier data. This transformation leads to cost-saving metrics and helps generate accurate ESG reports, writes Costas Xyloyiannis, CEO of supply chain technology firm HICX.

Procurement Analytics 52

Procurement Analytics Procurement Solutions Purchasing Skills Supply Chain Software 52

ivalua

AUGUST 16, 2021

This reliance can increase supplier risk or uncover a large source of value and supplier innovation for organizations. . In order that sourcing and procurement teams fully optimize their supplier network, there needs to be a change in the way organizations view all suppliers. Secure executive sponsorship. Business Process Description.

Optimal Sourcing 130

Optimal Sourcing Sourcing Strategies Supply Chain Planning Software Supply Chain Design Software 130

Supply Chain Shaman

FEBRUARY 14, 2022

Orchestration enables companies to effectively manage trade-offs between source, make, deliver and sell.) Organizations can align to drive value despite the allegiance to functional metrics. I am shocked to see how the lack of governance–clarity on who and how to make decisions–derails well-intended processes.

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

Jaggaer

OCTOBER 24, 2024

Following widely-known standards keeps your vendor options open so you’re not locked into sourcing from a small pool of specialty suppliers that can negatively impact time to market. That makes agility a foundational part of your manufacturing strategy. However, a world-class provider can guide your organization on a journey of improvement.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Sourcing Strategies Supply Chain Planning Software 52

Logility

APRIL 13, 2021

2) Poor or Non-Existent Data Governance. CIO Magazine says data governance is a system for defining who within an organization has authority and control over data assets and how those data assets may be used. Be prepared to work hard developing a single source of truth. 3) No Clear Goals. Pick your big 12 and start.

Supply Chain Planning Software 238

Supply Chain Planning Software Supply Chain Planning Scenario Planning S&OP 238