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Theyre feeling the heat most, as sudden trade policy curveballs throw procurement plans into chaos. Traditional procurement, with its long-term contracts and rigid supplier ties, just isnt cutting it anymore. Traditional procurement, with its long-term contracts and rigid supplier ties, just isnt cutting it anymore.
In a survey we conducted in October 2020, 91% of our Indago supply chain research community members, who are all supply chain executives from manufacturing, retail, and distribution companies, either Agreed or Strongly Agreed that the time had come to transform the traditional transportation procurement process.
Adopt a Holistic Direct Spend strategy Move beyond isolated tactics and adopt a holistic, approach to direct spend that integrates sourcing, contract management, procurement and invoicing. This means involving procurement in the highest levels of strategic planning and decision-making.
Traditionally, procurement has been a process weighed down by manual tasks, fragmented systems, and endless paperwork. Today, procurement is undergoing a transformation. While procurement teams have long worked to add strategic value, Artificial Intelligence (AI) amplifies their impact.
Speaker: Olivia Montgomery, Associate Principal Supply Chain Analyst
By researching the supply chain challenges and solutions that businesses – especially small and midsize businesses – are currently experiencing, we’ve learned what’s working and what’s not. Procurement strategies in response to network delays and bottlenecks. What should your plans for 2023 include?
Now the writing follows the research. I mix the quantitative research with my observations and interviews, and the posts seem to roll from my fingers. If you would like to participate in a current research study, we would love your help and participation in the contract manufacturing study. (If It was a struggle!)
This past February we asked members of our Indago supply chain research community — who are all supply chain and logistics executives from manufacturing, retail, and distribution companies — “Is your company using Artificial Intelligence in its supply chain or logistics operations?”
A first-of-its-kind research project was published by the FAIRR Initiative, addressing human rights violations and overfishing in the seafood supply chain. Lastly, West Central Ag services were acquired by CHS forming a new ag retail business and BSR released its 2025 supply chain outlook.
Ivalua study finds 97% of procurement leaders see significant disruption in direct materials supply chain; 67% not confident in existing technology; 84% consider modernization a ‘strategic priority’. A full 84% of procurement leaders agree that dealing with supply chain disruptions has been their biggest career challenge to-date.
This report, produced by Worldwide Business Research, explores the progress companies have made toward supply chain digitization and logistics maturity. Readers will also find key suggestions from procurement leaders in the healthcare space on how to prepare for the future.
REDWOOD CITY, Calif. , March 31, 2020 /PRNewswire/ — Ivalua, a leading provider of global spend management cloud solutions , has announced the latest findings of a worldwide study of supply chain, procurement and finance business leaders on Effective Procurement Performance Measurement. on time payments) and spend visibility.
Process-based companies continue to focus on manufacturing efficiency (OEE) and discrete on procurement (PPV) without designing the supply chain to balance transportation, manufacturing, and procurement to a balanced scorecard. In our research, small regional companies outperform large multinationals.
We recommend leveraging these workstreams, based on Gartner’s 4 Workstreams for Successful Implementation of Any Procurement Application to maximize the impact of your next large-scale procurement implementation: 1. Ivalua Spend Management Insights [ivory-search] Get Ready for Success!
Real-World Success: Demand Planning & Supply Planning Results Industry research supports the effectiveness of probabilistic forecasting. Advanced Supply Planning : Improves procurement and production scheduling decisions. Lower Inventory Costs : Eliminates excess buffer stock while maintaining service targets.
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.
Real-World Success: Demand Planning & Supply Planning Results Industry research supports the effectiveness of probabilistic forecasting. Advanced Supply Planning : Improves procurement and production scheduling decisions. Lower Inventory Costs : Eliminates excess buffer stock while maintaining service targets.
A shortage of digitally savvy talent, and a lack of training for technical and soft skills, hinder digital procurement initiatives. Additionally, over half (55%) of UK businesses say that digital skills in procurement are less advanced compared to other departments. Challenges in hiring digital skills in procurement.
The world of procurement is constantly evolving, demanding professionals with the right skills and knowledge. Moreover, two popular options often considered are the MCIPS qualification from the Chartered Institute of Procurement & Supply (CIPS) and the Procurement Track offered by SCMDOJO.
Belief in efficient procurement. Investment in indirect procurement hi-jacked investment in building value networks. Over the decade, procurement became more of an island. Our current research project is understanding the current state of analytics. We don’t believe that research should be locked behind paywalls.
The pandemic has exposed flaws in business practices across industries, which have been acutely felt in their supply chain and procurement operations. 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.
Decoding the Procurement Department: A Comprehensive Guide to Roles and Responsibilities This supply chain article provides a comprehensive overview of the procurement department within an organization. Read In Detail About Procurement Department Here 2.
Linkedin Comment Donald Cavin Data Warehousing Consultant at Ohio State University Comprehensive Cancer Center-James Cancer Hospital & Solove Research Institute. In 2004, I joined AMR Research, a Boston Analyst firm. We remain committed to open content research and firmly believe that content should never be behind a paywall.
Uncertainty around federal and state policy changes poses a significant challenge for procurement leaders across all types of higher education institutions. in fall 2024 compared to the year before, representing an increase of about 130,000 students, according to a final tally from the National Student Clearinghouse Research Center.
In my research, I find that the lack of alignment has a direct impact to value (operating margin and market price to book value). 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.
ARC Advisory Group’s Global Warehouse Automation Research study is now complete and available for purchase. The research process includes an analysis of large amounts of information and interviews with executives from numerous warehouse automation providers; and concludes with the publication of ARC’s research study.
APQC conducts research on supply chain and logistics to help organizations assess the performance of their own processes and functions compared to their peers. Survey respondents are second most likely to have implemented Robotic Process Automation in sourcing and procurement (20 percent).
Understanding how inflation impacts procurement and then taking action to mitigate its effects is essential for any business looking to stay ahead of the game. How Inflation Impacts Procurement Inflation affects a number of aspects of a business, including its ability to compete in the market, financial performance, and overall strategy.
” When I asked the question, I got an answer from LinkedIn that the research focused on digital maturity with SAP. The research is generated by SAP. And, there is no translation of planned orders for manufacturing into aggregate procurement. ” My question is, “What is a digitally mature company?
From COVID to geopolitical tension, the past five years have emphasized the need for procurement agility. From COVID to geopolitical tension, the past five years have emphasized the need for procurement agility. These external factors are near-impossible to predict, forcing more frequent tender updates to remain inline with the market.
Research from Ivalua , a leading global spend management cloud provider , has revealed that 80% of UK businesses say that Brexit has been the biggest disrupter to supply chains in the last 12 months, while 83% fear the biggest disruption from Brexit is yet to come. ” About the research. London, UK, 28th November, 2022.
To examine supply chain management priorities, performance, and anticipated trends, APQC conducted its 10 th annual Supply Chain Management Priorities and Challenges research, including a survey of more than 350 supply chain professionals from around the world and across multiple industries. For more information on the research, click here.
In parallel, I am involved in several research projects. In other studies, I am working with data scientists and statisticians to glean insights from over sixty quantitative research projects over the last decade. In short, the research tells me that the manufacturing industries are stuck.
Read more The post [Video] Discussing the Lessons Learned in Transportation Procurement Management appeared first on Talking Logistics with Adrian Gonzalez.
In this research, 81% of brand owners and contract manufacturers primarily depend on communication through email and spreadsheets. Most of the network investment is in passing procurement transactional data. My research is focused on driving change in thinking. Networks take three forms–demand, design, and supply.
Strategic Sourcing Is Smart Procurement Strategic sourcing is thus a smart approach to procurement because it considers each sourcing project to be unique based on analysis, insight and knowledge of the marketplace. Traditional sourcing focuses on high volumes and bulk buying to secure discounts.
Together, we can offer a complete solution that covers the digital procurement of both spot and contract freight services, across air, ocean, road, and rail. We estimate that tenders account for some 50%-70% of freight procured, at the lower end for air, at the higher end for ocean.
” My response, “Sorry Ryan, the research does not support that increased digitalization brought unprecedented levels of connectivity. The research supports that we have not improved supply chain visibility, and we are going backwards in delivering results through supply chain planning.” I am researcher.
It might highlight logistics jams, manufacturing capacity, quality issues, or procurement cost trends. Lenovo has a huge research team. When the chief supply chain officer wants to review the performance of the supply chain, we start with the KPI dashboards. Really, everything you need to manage the supply chain.
RESEARCH TRIANGLE, NC, March 20, 2025 Rittal, one of the world’s leading system providers of electrical enclosures, power distribution, climate control, IT infrastructure, software and services, has confirmed JAGGAER for its procurement processes. Over time, the use of the software was gradually extended to other modules. .
And even before they begin, they must realize these problems are too big for any single team—supply chain must connect with finance and procurement to treat the n-tier suppliers as an extended part of their network and become their preferred customer. For this to happen, finance needs to be in lockstep with procurement.
The Approach to Effective Freight Procurement by LSCMS Shippers’ Council Container shipping procurement faces a multitude of challenges shaped by global events, industry shifts, environmental mandates, and technological advancements. At the heart of it all, an effective procurement strategy remains paramount.
The chief procurement officer (CPO) is a senior executive responsible for developing and implementing their organization’s procurement policies, procedures, and strategies. The chief procurement officer’s workload extends beyond timely purchases and cost-saving measures.
According to McKinsey & Company, procurement accounts for 50% to 80% of a company’s cost base. That’s why organizations zero in on strategies to achieve procurement cost reduction. The key thing to remember is that cost reduction in procurement isn’t just about slashing expenses.
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