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The following is a 31-minute video of a 2011 lecture I gave at eWorld. 2011 eWorld Video THE EVOLUTION OF THE CFO VIEW Between 2011 and 2024 , CFOs’ views of procurement have evolved significantly, reflecting changes in the business environment, technology, and organizational priorities.
Supplychains are particularly vulnerable during recessions. Consequently, it is imperative to develop a recession-proof supplychain to make them more resilient and adaptable. A resilient supplychain is one that can absorb shocks and continue functioning with minimal disruption.
Thus, in the current era, machines improve human efficiency by performing repetitive functions. A smart factory is characterized by adaptability, resource efficiency, optimized ergonomics and the integration of customers, suppliers and business partners in business and value processes.
integrates data with smart technology and automation to optimize production, supplychains, and create agility. The term was coined by three German physicians and business leaders and first presented to the public at the Hannover Messe, the worlds largest trade fair for industrial development, in 2011.
In the current era, it is clear that new modes of production are concomitant with new modes of distribution, which advances the field of logistics, the science of physical distribution or even supplychain management. Reminder of Key Definitions – Logistics & SupplyChain Management. Neil Southern, 2011).
In recent years, there has been a significant shift in the supplychain industry as more and more women are choosing careers in this traditionally male-dominated field. This rise of women in the supplychain is not only breaking gender barriers but also bringing a fresh perspective and new ideas to the table.
This article explores challenges identified in a research paper by McKinnon (2006) focusing on vehicle utilization and efficiency in the freight industry [1]. Urban consolidation centers: Establishing strategically located hubs allows for the consolidation of smaller deliveries into larger, more efficient routes for final distribution [2].
The pandemic has taught us supplychain professionals a precious lesson in supplychain risk management. The pandemic has put to the test, flexibility, adaptability, and resilience of supplychains. The supply disruption triggered in China sent shock waves all around and shut down the global economy.
But procurement is more than just buying; it’s about making informed and strategic decisions that can significantly impact a company’s bottom line, efficiency, and competitive advantage. These are quantifiable measures used to track and analyze the efficiency, effectiveness, and quality of the procurement process.
In his experiments on cooperative behaviour, Yochai Benkler (2011) found that 30% of people behave as though they are selfish. Principles like open communications, transparent data usage, public information sharing make them nervous. Adam Grant (2013) divides people into givers, takers, and matchers. A need to focus on the individual.
In his experiments on cooperative behaviour, Yochai Benkler (2011) found that 30% of people behave as though they are selfish. Principles like open communications, transparent data usage, public information sharing make them nervous. Adam Grant (2013) divides people into givers, takers, and matchers. A need to focus on the individual.
Subscribe to SupplyChain Game Changer. How Cold Chain Differs Between the Food and Pharmaceutical Industries! Refrigerated transport is a vital component of global supplychains. To further support how refrigerated transport is so valuable in a global supplychain, below are several more reasons: 1.
In other words, your organization gains control of its spend environment by relinquishing centralized functional control in favor of operational efficiencies originating on the front lines. Supplier Collaboration: Decentralized networks allow suppliers to join or exit dynamically, fostering agile partnerships.
Needs of the Procurement Industry and Practitioners in 2025 Procurement professionals today face complex challenges: Tariff Mitigation and SupplyChain Disruptions: With ongoing U.S.-China Gartner serves 14,000 enterprises globally, including procurement and supplychain leaders. Hansens 2011 Oracle critique).
Client-Centric but Criticized for Bias: Halls Gartner serves a wide range of clients (CIOs, supplychain leaders, legal counsels), but there are criticisms of potential vendor bias in reports like the Magic Quadrant. Hes known for his independent, critical perspective on procurement and supplychain management.
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