Procurement Academy

OCTOBER 19, 2023

Nonetheless, there is a whole lot more to opimizing procurement processes than just cutting costs and then increasing efficiencies. Your business needs a broader vision to address sustainability, deliver on risk management and resilience challenges, nurture buyer and supplier relationships, as well as meet procurement excellence.

Optimal Sourcing 52

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Logility

AUGUST 23, 2021

To ensure long-term growth and protect customer loyalty, businesses need to strive for the automation of supply chain planning. They can automatically evaluate and compare multiple supply alternatives through simulations and perform various business scenario analyses. Uniting All Areas of Sales and Operations Planning.

Supply Chain Software 130

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Supply Chain Shaman

APRIL 18, 2023

While many might clap their hands and exclaim the end of three-years of unprecedented supply chain disruption, I say, “Not so fast.” Yes, we have achieved greater normalcy in transportation. In the face of variability, this is two-to-six weeks too long to make allocation or procurement decisions.

Supply Chain Planning Software 390

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Precoro

JANUARY 29, 2024

Escalating expenses associated with rising prices of raw materials, finished goods, third-party services, and labor along the entire supply chain expose businesses to a heightened threat of margin reduction. In this article, we will discuss how a robust procurement management plan can help address and mitigate the effects of inflation.

Procurement Solutions 81

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Supply Chain Matters

JULY 6, 2022

During this unprecedented period of non-stop global supply chain disruption, the Supply Chain Matters blog provides readers with additional industry specific examples, along with their implications. The company’s products have reportedly been in high demand but outpacing available supply. General Motors.

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Enterra Insights

NOVEMBER 14, 2024

.”[6] During that check do the following three things: 1) Identify : Identify changing demand and inventory levels in order to work out critical gaps in supply, production capacity, warehousing and transportation. A supply chain map identifies current suppliers. Another EY analyst suggestion involves procurement.

Supply Chain Planning Software 130

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LevaData

FEBRUARY 14, 2022

But these days, it's top-of-mind for sourcing and procurement professionals like never before. Sourcing- and Procurement-Specific Challenges. Issues like torrential flooding to devastating hurricanes can (and will) affect environments in which materials are sourced, leading to decreased supply and price increases.

Sourcing 80

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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. This results in underutilized transportation capacity, contributing to higher costs per unit shipped.

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The Logistics of Logistics

OCTOBER 19, 2022

Marc is the Co-founder and CEO of Fishtail, a Boston based fintech company that empowers freight forwarders to finance the movement and procurement of goods – for small and medium businesses (SMBs) around the world. Marc is a serial entrepreneur, specializing in applying advanced artificial intelligence and IoT to the supply chain industry.

Optimal Sourcing 225

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The Logistics of Logistics

MARCH 28, 2022

and is transforming the $800 billion transportation and logistics industry with its digital freight marketplace platform. Dave Maddox has over 39 years of industry experience, Maddox specializes in Supply Chain & Transportation Sales, with operations management in distribution, supply chain cost improvement and transportation.

Supply Chain Network Software 194

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GlobalTranz

APRIL 30, 2021

To reduce the risk of supply chain disruption , shippers need to know what it means for their operation going into the start of May and how to use the right services to find available capacity before the CVSA roadcheck storm arrives. Mitigate Supply Chain Disruption during the CVSA Roadcheck by Partnering With The Right 3PL.

Resource Reduction 297

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Supply Chain Matters

JUNE 24, 2022

In this Supply Chain Matters posting, we highlight a published analysis from the Federal Reserve Bank of San Francisco quantifying the effects of supply chain disruptions have had on the existing U.S. © Copyright 2022, The Ferrari Consulting and Research Group and the Supply Chain Matters® blog.

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Logistics Viewpoints

OCTOBER 4, 2024

Redwood Logistics Reveals Industry Shifting Logistics Health Assessment Solution Redwood Logistics has introduced a Logistics Health Assessment aimed at helping companies identify and address logistics challenges, particularly in response to supply chain disruptions, demand volatility, and rising customer expectations.

South Carolina 238

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NC State SCRC

MAY 30, 2022

A new study that the SCRC published with GEP examines the increasing pressure that supply chain executives are getting when it comes to responding to supply chain disruptions. In this study, we explore the primary forms of misalignment that exist between supply chain and procurement executives. (We

Supply Chain Execution 98

Supply Chain Execution Procurement Analytics Procurement Solutions Optimal Sourcing 98

Jaggaer

JUNE 28, 2024

The topic under discussion was current challenges in direct procurement. I sincerely believe that procurement has a leading role to play in this transformation, and doing so calls for a true balancing act. Pre-pandemic, nobody outside procurement and supply chain management ever mentioned it. No pressure, then!

Manufacturing Procurement 52

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Supply Chain Matters

SEPTEMBER 21, 2022

We are pleased to announce to our Supply Chain Matters readers the listening availability of our latest podcast: Overcoming Supply Chain Disruptions and Instilling Supply Network Resilience in Post Pandemic Supply Networks. This is a not to be missed podcast that provides many valuable insights.

Manufacturing Procurement 109

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Supply Chain Matters

MAY 20, 2022

As developments regarding industry supply chain disruptions continue unabated, businesses now increasingly face the sting of higher supply chain and transportation driven costs impacting the bottom line. The exploding costs of diesel and gasoline fuel now have a direct impact to business profitability.

Sourcing Strategies 97

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Jaggaer

AUGUST 18, 2020

From early on in the Covid-19 pandemic , and for pretty obvious reasons , procurement in healthcare and pharmaceuticals has been in the spotlight like never before. Some 48 active pharmaceutical ingredients (APIs) vital to the pharma supply chain are sourced from the central province of Hubei.

Pharmaceutical 98

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Precoro

MARCH 31, 2023

March 21 was the second annual iteration of World Sustainable Procurement Day , an online event organized by the Sustainable Procurement Pledge team, SPP Chapters, SPP Champions, and partners to raise awareness about the importance of ethical procurement and to share the best sustainability practices with organizations worldwide.

Optimal Sourcing 52

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Precoro

OCTOBER 6, 2022

With the global market expansion and deepening supply chain complexity, the roles of procurement leaders have evolved from tactical to strategic. Nowadays, procurement departments not only focus on the day-to-day buying operations but also search for the most efficient ways to go about them.

Manufacturing Procurement 79

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Gravity Supply Chain

FEBRUARY 21, 2020

Sourcing: Mitigate risk during periods of supply chain disruption, such as those caused by the Coronavirus outbreak, by using digital technology. . The post Sourcing – What You Need To Know About Coronavirus Supply Chain Disruption appeared first on Gravity Supply Chain.

Supply Chain Disruption 52

Supply Chain Disruption Optimal Sourcing Manufacturing Procurement Purchasing Skills 52

The Logistics of Logistics

MARCH 28, 2022

and is transforming the $800 billion transportation and logistics industry with its digital freight marketplace platform. Dave Maddox has over 39 years of industry experience, Maddox specializes in Supply Chain & Transportation Sales, with operations management in distribution, supply chain cost improvement and transportation.

Freight 130

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GlobalTranz

OCTOBER 6, 2021

OTR freight represents a long-standing aspect of supply chain operations and transportation management. M odern transportation networks and supply chains continuously adapt to market volatility and transitions. Download the White Paper: Over the Road Freight Management Trends.

Prescriptive Analytics Software 216

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Ware2Go

JANUARY 10, 2022

Should you change your supply chain procurement strategy in light of continuing supply chain disruptions? Supply chain procurement strategies had long been favoring Just in Time procurement. Should they be moving away from a Just in Time procurement method to Just in Case?

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Expense Reduction Price Reduction 52

EC Sourcing Group

APRIL 19, 2023

As consumers become more conscious of unethical supply chain practices and the impact of their purchasing decisions on local economies, companies are increasingly looking to local sourcing to support their communities and foster brand loyalty.

Purchasing Skills 52

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GlobalTranz

SEPTEMBER 23, 2021

Talent shortages, especially limited drivers, will exacerbate the capacity crunch and result in shortages across warehousing and transportation simultaneously.? . Pent-up demand of customers and the strong predictions for another above-average peak season has put a unique burden on truckload and parcel transportation. Focusing on the?

Prescriptive Analytics Software 308

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Supply Chain Matters

FEBRUARY 14, 2024

Supply Chain Matters provides our latest update regarding the Red Sea Transport disruption impacting transport movements to and from European and Asian ports. As echoed in Maersk ’s latest acknowledgement, the disruption is not of the magnitude of 2021-2022 global wide disruptions.

Transportation 52

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Precoro

SEPTEMBER 6, 2021

This month, we continue our Procurement Basics series and would like to introduce our readers to yet another set of often misused business terminology. As both sourcing and procurement are related to obtaining supplies for the organization, confusing these two terms is easy. Procurement. What Is Procurement Process?

Optimal Sourcing 63

Optimal Sourcing Manufacturing Procurement Purchasing Skills Procurement Solutions 63

Precoro

NOVEMBER 11, 2024

In this article, we’ll explain what centralized purchasing is, the challenges it tackles, the benefits of centralized procurement, and the types of companies that can benefit most from it. That’s when a centralized procurement organization structure proves beneficial.

Pricing Training 84

Pricing Training Expense Reduction Price Reduction Cost Reduction Strategies 84

GlobalTranz

OCTOBER 16, 2015

As a third-party logistics company focused on over the road transportation management, and having an LTL rating engine and web-based TMS for nearly 20 years (web-based even before Google!), at Cerasis, we know a thing or two about the nuances of LTL procurement. LTL procurement is something we do very well.

Negotiating Skills 120

Negotiating Skills Price Reduction Cost Reduction Strategies Optimal Sourcing 120

SCMDOJO

SEPTEMBER 24, 2024

Outsourcing, while flexible, may extend lead times due to transportation delays or logistical complexities. Download Free Indirect Procurement Assessment Tool Common Pitfalls to Avoid Overreliance on Cost: While cost is an important factor, it should not be the sole determinant.

Optimal Sourcing 97

Optimal Sourcing Analysis Material Savings Supply Chain Software 97

Logistics Viewpoints

FEBRUARY 8, 2022

It’s challenging for logistics providers to keep up, even in perfect supply chain conditions. But, as we know, supply chain conditions were far from perfect in 2020 and 2021. Just as the world of omni-channel selling is here to stay, supply chain disruptions also seem to have become the norm.

Logistics Network Optimization Software 208

Logistics Network Optimization Software Optimal Sourcing Supply Chain Planning Software Modeling 208

Resilinc

MARCH 26, 2024

Real Use Case for AI Regression Models in Supply Chain Risk Management Let’s take, for example, a typhoon hitting the coast of China and see how our engine can help. In a typical scenario, a company reaches out to suppliers and begins talking to logistics and procurement after the typhoon strikes.

Modeling 107

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Logistics Viewpoints

AUGUST 9, 2022

But given more than two years of incessant and unprecedented supply chain disruptions, we may never see “normal times” again. Strategy and leadership teams might elect to be alerted to production line disruptions, for example, so they receive details about every impacted order.

Inventory Management Software 243

Inventory Management Software Inventory Management Inventory Reduction Supply Chain Planning Software 243

Clear Spider

OCTOBER 21, 2024

Transportation Expenses: Logistics costs, especially fuel prices, have skyrocketed. This is because, as we’ve mentioned above, supply chain disruptions have made it more difficult to ensure timely deliveries. In today’s world, a responsive supply chain isn’t just a cost-saving strategy.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Inventory Management Purchasing Skills 52

Resilinc

APRIL 30, 2024

The 2024 hurricane season is expected to be extremely active, with multiple forecasts predicting above-average activity, increasing the potential for supply chain disruptions. Suppliers located in the affected area might be unable to provide necessary parts, leading to shortages further up the supply chain. #2

Supply Chain Software 91

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Logistics Viewpoints

DECEMBER 5, 2022

While not completely protecting them from the supply shocks that occurred during the pandemic, it allowed them to respond to their customers with greater speed and agility, manage costs, and provide options when a supply chain disruption occurred. This involves a lot of long-haul transportation.”

Agile and Lean Supply Chain 222

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