Jaggaer

JULY 10, 2024

Proven Techniques from Source to Contract By Georg Roesch, VP Direct Procurement In our recent guest article, Prof. Christian Heinrich, Co-Founder and Managing Director, carbmee, described “the 80% challenge” faced by manufacturing companies. from source to contract).

Manufacturing Procurement 52

Manufacturing Procurement Sourcing Strategies Purchasing Skills Optimal Sourcing 52

Jaggaer

JULY 4, 2024

Christian Heinrich, Co-Founder and Managing Director, c arbmee The 80% Challenge I was recently delighted to participate in a JAGGAER live webinar focused on the introduction, in recent years, of carbon emissions measurement as a factor in strategic sourcing. Find the top hotspots and incentivize suppliers to switch to green energy sources.

Manufacturing Procurement 59

Manufacturing Procurement Sourcing Strategies Purchasing Skills Cost Reduction Strategies 59

Logistics Viewpoints

JUNE 29, 2023

It is crucial for organizations to understand the importance of Purchase Order collaboration to effectively manage their direct spend, optimize operations, and mitigate risks. Make to Order: Here, products are manufactured based on specific customer orders.

Manufacturing Procurement 209

Manufacturing Procurement Procurement Analytics Material Savings Inventory Reduction 209

Logistics Viewpoints

APRIL 6, 2023

Procurement and Supply Chain Management are essential functions that can help companies navigate these challenges, but they are often siloed and operate in separate departments. Their metrics are often misaligned as well – supply chain focuses on service and procurement focuses on the cost of acquiring materials and services.

Optimal Sourcing 218

Optimal Sourcing Sourcing Strategies Manufacturing Procurement Material Savings 218

ivalua

NOVEMBER 29, 2022

In recent years, the overall state of Procurement has been bolstered by increased proficiency, expanding engagement, and a growing direct impact on operations. And they’re not the only ones—other department heads are also increasingly budget-conscious, creating a new opportunity to partner with procurement for better budget management.

Procurement Analytics 130

Procurement Analytics Metrics Manufacturing Procurement Optimal Sourcing 130

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

Unleashed

JANUARY 4, 2024

Product sourcing, done the right way, can set your business up with the foundations needed for achieving maximum sales. This guide will explain how product sourcing works in modern business, best practices for finding suppliers, and list some of the most popular websites and tools for sourcing goods to sell.

Purchasing Skills 52

Purchasing Skills Manufacturing Procurement Optimal Sourcing Sourcing Strategies 52

ivalua

MARCH 24, 2021

The role that procurement plays in manufacturing organizations is a difficult one. Without digitization, many manufacturing organizations see one or more of these areas suffer due to a reliance on manual processes, a lack of collaboration with suppliers, and little to no visibility of risk during the product development process.

Manufacturing Procurement 130

Manufacturing Procurement Supply Chain Design Software Supply Chain Software Optimal Sourcing 130

Unleashed

JULY 23, 2023

Key Performance Indicators (KPIs) help manufacturers determine operational strengths and flaws. By tracking the right manufacturing KPIs in your production operations you can accurately monitor performance to ensure the consistent and timely delivery of quality products. In this manufacturing KPIs guide What are KPIs in manufacturing?

Manufacturing Procurement 52

Manufacturing Procurement Procurement Analytics Metrics Inventory Reduction 52

Logistics Viewpoints

AUGUST 15, 2022

GEP and the North Carolina State University (NCSU) Supply Chain Resource Cooperative surveyed supply chain, procurement and IT professionals across a range of industries to gain insight into their priorities and strategies regarding supply chain resilience and optimization. Procurement solutions are often updated with purchased information.

Supply Chain Network Software 250

Supply Chain Network Software Manufacturing Procurement Procurement Analytics Optimal Sourcing 250

Supply Chain Shaman

DECEMBER 15, 2022

In the supply chain team analysis, note the 21% gap between procurement and manufacturing teams, the 35% gap between sales and operations and the 21% gap between finance and operations. Functional Metrics. Organizational Alignment 2012. This seemed bad at the time, but little did I know that it would get worse.

Manufacturing Procurement 394

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

Arena Solutions

APRIL 4, 2023

The global manufacturing sector has seen an upswing, a technological renaissance of sorts. Since the start of 2012, more people graduating from college and universities are entering the engineering/manufacturing fields. The manufacturing sector has been severely impacted by this trend because production jobs are highly technical.

Manufacturing Procurement 98

Manufacturing Procurement Sourcing Strategies Inventory Reduction Cost Reduction Strategies 98

Logility

DECEMBER 29, 2020

How can manufacturers manage disruption and improve productivity? By using advanced analytics for manufacturing, to understand the valuable information concealed within the data they already have! Therefore, manufacturers must continually look for new ways to improve the productivity and profitability of their operations.

Manufacturing Procurement 130

Manufacturing Procurement Optimal Sourcing Analytics Software Supply Chain Planning Software 130

Silvon Software

JULY 22, 2022

For one thing, today’s operational processes have become more complicated due to the ever-growing number of sources, platforms and touchpoints that must now be analyzed in order to drive actionable insights from them. Supply chain metrics provide the intelligence needed to make better projections and more informed choices in such a market.

Metrics 81

Metrics Manufacturing Procurement Supply Chain Planning Software Supply Chain Strategy 81

SYSPRO Smarter ERP

AUGUST 2, 2023

As members of one of the most highly regulated industries in the world, medical device manufacturers face numerous challenges. From stringent quality standards to comprehensive documentation requirements, Class 1 and 2 manufacturers must navigate a complex landscape to ensure compliance and product excellence.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Analytics Analytics Software Optimal Sourcing 98

Silvon Software

APRIL 19, 2022

Procurement is one core process area being focused to better manage today’s fluctuating change, with key performance metrics leading the way to assessing and managing procurement performance. The Basics of Procurement KPIs. Every KPI needs a clearly defined goal.

Optimal Sourcing 124

Optimal Sourcing Procurement Analytics Manufacturing Procurement Negotiate Pricing 124

ivalua

AUGUST 17, 2021

What does Procurement mean? An organization’s Procurement function is responsible for managing spend, in other words the buying goods and services that are used to make the products sold to customers as well as the purchasing of products and services used to run the organization on a day to day basis.

Manufacturing Procurement 130

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 130

Supply Chain Shaman

APRIL 27, 2022

At each company, there is a relationship between the metrics of growth, margin, inventory, customer service, and asset strategy. For the purpose of this article, I will use Return on Invested Capital (ROIC) as the proxy metric to discuss asset utilization.) 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

Supply Chain Shaman

APRIL 18, 2023

For organizations layered in functional metrics and driving a cost agenda, this is a tough nut to crack. In the face of variability, this is two-to-six weeks too long to make allocation or procurement decisions. Build in-market sourcing. Rationalize global strategies to focus on building markets based on in-market sourcing.

Supply Chain Planning Software 390

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

Logility

DECEMBER 28, 2020

How can manufacturers manage disruption and improve productivity? By using advanced analytics for manufacturing, to understand the valuable information concealed within the data they already have! Therefore, manufacturers must continually look for new ways to improve the productivity and profitability of their operations.

Manufacturing Procurement 130

Manufacturing Procurement Optimal Sourcing Manufacturing Analytics Software 130

Unleashed

MAY 7, 2024

Sustainable manufacturing is about product creation that doesn’t deplete natural resources or harm the environment. It’s a blend of innovative technologies and eco-friendly practices that companies might implement, including the use of renewable energy sources, recycled materials, and more durable product designs which are easier to repair.

Manufacturing Procurement 52

Manufacturing Procurement Waste Reduction Material Savings Resource Reduction 52

Arena Solutions

APRIL 9, 2024

As the pressure mounts for manufacturers to deliver in shorter timelines because of increased competition and the urgency to solve a myriad of climate-related challenges, legacy ways of doing things have become an insurmountable hindrance to progress. Overcoming Challenges in Product Lifecycle Management With Advanced Solutions The problem?

Manufacturing Procurement 107

Manufacturing Procurement Supply Chain Design Software Manufacturing Analytics Software 107

Silvon Software

APRIL 18, 2024

Across the globe, manufacturing businesses are navigating economic uncertainties with increasing sophistication. Here’s a quick glimpse at how: Automated Data Integration : AI can automate the integration of data from multiple sources, recognizing and aligning similar data fields automatically.

Manufacturing Procurement 59

Manufacturing Procurement Procurement Analytics Analytics Software Predictive Analytics 59

SYSPRO Smarter ERP

MARCH 27, 2023

Instead of the old vertically integrated business models (where one manufacturer performed most activities), international supply chains using specialized suppliers led to lower costs of production and services, improved quality, and better pricing. Revise sourcing policies to focus more on reliable delivery rather than just lower costs.

Manufacturing Procurement 104

Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software Modeling 104

Logistics Viewpoints

JANUARY 31, 2024

As regulations across the globe strengthen, the pressure to collect, report, and organize emission-related metrics has never been higher. Across the globe, requirements for stricter reporting on complex metrics are increasing. Reducing the amount of human intervention will reduce operator error which can increase the data’s integrity.

Report 285

Report Data Material Savings Manufacturing Procurement 285

QAD

APRIL 13, 2023

While Contract Pharma & BioPharma manufacturers continue to experience an increase in demand for more projects, new challenges are emerging from nearly every angle including new regulatory and quality requirements, workforce shortages and of course, supply chain disruptions. is likely to reach 2.1

Pharmaceutical 98

Pharmaceutical Sourcing Strategies Manufacturing Procurement Optimal Sourcing 98

Precoro

NOVEMBER 13, 2023

One of the ways that procurement teams improve this figure is by tracking and improving the purchase price variance (PPV) metric. In this article, we'll explain what PPV is, why it matters, and how tracking this metric can benefit your procurement processes. Why Is Purchase Price Variance Important?

Purchasing Skills 83

Purchasing Skills Procurement Analytics Negotiating Skills Negotiate Pricing 83

Silvon Software

APRIL 8, 2022

To achieve this growth, successful manufacturers today are relying on key performance metrics and automating many aspects of their data management processes to gain valuable business insights that can be used to meet their organizations’ performance goals. The Basics of Manufacturing KPIs. Every KPI needs a clearly defined goal.

Optimal Sourcing 119

Optimal Sourcing Manufacturing Procurement Price Mitigation Strategies Supply Chain Optimization 119

SYSPRO Smarter ERP

NOVEMBER 3, 2021

Manufacturers and distributors experienced huge supply chain disruptions due to the pandemic which exposed many vulnerabilities and tested the resilience of supply chain leaders globally. Manufacturing KPIs. can be measured to define this metric.

Manufacturing Procurement 105

Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain 105

Precoro

JULY 16, 2023

The purchasing department plays a critical role in the success of an organization. Thought-out practices and well-managed workflows within the purchasing department are crucial for making sure that the company has the necessary resources available at the right time and at a reasonable cost.

Pricing Training 72

Pricing Training Purchasing Skills Procurement Analytics Purchasing Training 72

Supply Chain Shaman

SEPTEMBER 28, 2022

Last week, after booking an additional $1B in unexpected supplier costs in the third quarter, the CFO led the company’s focus on restructuring to “support efficient and reliable sourcing of components and internal development of key technologies and capabilities.” What is the issue? These capabilities do not exist at Ford.

Manufacturing Procurement 195

Manufacturing Procurement Supply Chain Design Software Network Design Software Supply Chain Planning Software 195

SYSPRO Smarter ERP

APRIL 17, 2023

The manufacturing industry is currently undergoing a rapid digital transformation, and as a result, companies are generating vast amounts of data. In this blog post, we will explore how manufacturers can leverage this technology to achieve data-driven success. This enables managers to take swift action and keep production on track.

Manufacturing Procurement 98

Manufacturing Procurement Optimal Sourcing Analytics Software Predictive Analytics Software 98

SYSPRO Smarter ERP

MARCH 28, 2024

If production metrics are important, you may want to get data on: Machine and labor availability. How to apply metrics One challenge is deciding what metrics to use. Different departments have their own data needs and very specific metrics. There needs to be an understanding of how granular the metrics should be.

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Planning Software Data Optimization Software 52

SYSPRO Smarter ERP

APRIL 11, 2022

Over the last decade, the role of the manufacturing and distribution CFO has undergone a profound shift. survey , 57% of manufacturing CFOs agree that proficiency and knowledge to create an effective plan to operationalize and transition the business into a digitalized and automated manufacturer is the most critical factor globally.

Manufacturing Procurement 105

Manufacturing Procurement Distribution Supply Chain Design Software Manufacturing 105

Logistics Viewpoints

OCTOBER 28, 2024

“To improve,” the report rightly notes, “organizations should enhance supply chain visibility with robust data and analytics; use AI to foresee disruptions; keep business continuity plans current; and diversify supply sources, suppliers, manufacturing and logistics partners.” net promoter score or similar metric) as a supply chain KPI.

Supply Chain Execution 224

Supply Chain Execution Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Strategy 224

Precoro

OCTOBER 10, 2022

In today's competitive market, where it's not all about cost savings, tracking procurement performance and aligning it with business goals and objectives is a must-have. So how do you measure the effectiveness of procurement operations within your organization? What Are Procurement KPIs, and Why Use Them?

Procurement Analytics 52

Procurement Analytics Optimal Sourcing Manufacturing Procurement Procurement Solutions 52

SCMDOJO

APRIL 26, 2023

Category management is a procurement strategy that involves grouping similar products or services together into categories and managing them as a single unit. This approach can help organizations streamline their procurement processes, negotiate better deals with suppliers, and ultimately save money.

Procurement Solutions 108

Procurement Solutions Manufacturing Procurement Procurement Analytics Optimal Sourcing 108