This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
February 17, 2021 – Ivalua, a leading provider of global Spend Management Cloud solutions, today announced another record year in 2020. Empowering Procurement & SupplyChain Leaders Across the Globe. In 2020, Ivalua continued to be recognized as a leader by top analyst firms and industry organizations.
Ikea is a leader with plans to ensure a sustainable supplychain. Many changes can reducecosts or reduce risk at the same time as delivering improved CSR. Digitization of Procurement and supplychain is an area that is ripe for incrementalism. This is a shame not just for the social benefit.
Subscribe to SupplyChain Game Changer. Do You Have Hidden Freight Costs? Freight Budget article and permission to publish here provided by Adam Robinson at Freightwaves. Freight costs and budget adherence are among the most important and often overlooked aspects of transportation management. Subscribe Here!
Blockchain technology is revolutionizing the way businesses manage their supplychains. By providing a secure and transparent way to track products from their origin to their final destination, blockchain for supplychain can help increase efficiency, reducecosts, and improve trust between suppliers and customers.
Sajid Kunnummal, Vice President and CPO at Navistar, was interviewed in late 2020 by Philip Ideson from Art of Procurement. Having already done the work to build resilience into its supplychain strategy, Navistar’s procurement organization was better prepared than most to weather the Covid-19 crisis.
From this discussion, we compiled a list of 8 critical supplychain management activities that to improve, build, and maintain supplychain resilience now and in the years to come. But building an agile, resilient supplychain doesn’t happen overnight; it requires forethought and planning.
After operating as a privately-owned entity for 99 years, Utz went public in August 2020. Identifying the need for foundational technology and processes Before joining Utz as its SVP Procurement, Ron had been consulting with the SupplyChain department working on a number of different projects.
Subscribe to SupplyChain Game Changer. 10 Vital SupplyChain Lessons from the Coronavirus Pandemic! Companies rely on supplychain management to reducecosts and increase their production cycle. Subscribe Here! Email Address. What happens next? The global chip shortage is here to stay?
Subscribe to SupplyChain Game Changer. The supplychain management industry has undergone many changes in recent years. The introduction of IoT devices to the supplychain, the rise of edge computing, and its ability to increase connectivity and efficiencies, have changed how businesses operate across industries.
The following is a business case highlighting the background, context and value proposition of SCMDOJO’s Expert Marketplace, a platform designed to connect businesses with specialized SupplyChain Expert Services. It is within this context that SCMDOJO’s Expert Marketplace was conceived.
Subscribe to SupplyChain Game Changer. Clearly, more companies need to go back to basics and ask what is reverse logistics’ role in the top trends of the supplychain? Every supply-chain executive has been faced with the daunting question, “ what is reverse logistics? Subscribe Here! Email Address.
Subscribe to SupplyChain Game Changer. Why is SupplyChain Such a Great Career Path? The world of supplychain management is constantly changing, helping companies to become increasingly efficient and profitable across the entire supplychain. GET our EBOOK HERE. Talent development.
Preview In his 2019 Foresight article, Niels van Hove examined eight technological hurdles that must be overcome to enable autonomous or ‘lights out’ supply-chain planning. He reasoned that to support such planning we need to implement a third wave of integrated supply-chain planning software.
In 2022, he was awarded the Special Mentioned Individual Award by SupplyChain Asia for his contribution to the national emergency procurement for the Covid-19 operation. Furthermore, He was voted by SupplyChain Digital as one of the top 10 procurement executives worldwide. Trillion budget. . Rajeev Karmacharya.
Subscribe to SupplyChain Game Changer. The Digital SupplyChain Road is Full of Potholes, Construction and Accidents! Digital SupplyChain predictions article and permission to publish here provided by Michael Gaughan at land-link.com. Digital SupplyChain Predictions. Subscribe Here!
As the year draws to a close, we can look back on all the progress women in supplychain made this year and the powerful gains ahead. 2023 marks the year women in supplychain returned to the post-pandemic workforce in full force. Let’s Talk SupplyChain is committed to closing the remaining gender gap.
There are multiple reasons and we will come back to them in our series, but, at this stage we want to mention: Misaligned focus: Organizations frequently mistake digital initiatives for simple system upgrades, neglecting the need to rethink ( obliterate ) processes. Lets explore these aspects.
Logistics has been an indispensable part of the SupplyChain, generally known and seen as a cost centre. Organizations and Nations have been deploying strategies to reduce logistics costs to a minimal percentage of the total material and supplychaincosts globally. feet across the board.
A lack of digital maturity and a focus on supplier cost and quality are also limiting green practices. 16th July 2020, London – Research from Ivalua, a leading provider of spend management cloud solutions, has shown that six-in-ten (60%) UK businesses have decreased their investment in sustainability initiatives due to the COVID-19 pandemic.
eAuctions almost guarantee that business get the best price for your items and/or services, irrespective as to whether the marketplace is growing or declining (Scanmarket, 2020). E-auctions can also be utilized to get the greatest price on practically any market offering throughout all sectors, regardless of sector (Jose, 2020).
Redwood City, CA September 2, 2020 – Ivalua, a leading provider of global Spend Management Cloud solutions, today announced the availability of a pre-packaged procurement suite for construction and engineering companies. Real time cost value reconciliation ensuring on budget delivery.
Supplier Collaboration for Agility Your world is characterized by dynamic market conditions, shifting customer demands, new technologies, rapidly changing regulations, and frequent supplychain disruptions. Decision-makers must plan supplychain resilience strategies for a wide range of risk scenarios.
Supplychains abhor unpredictability, and throughout much of the past year, inflation has made unpredictability a regular occurrence, a reality that has affected how product-based businesses respond to demand from their customers as their budgets get stretched to the limit. population — was up 7.7%
ProPurchaser ** ProPurchaser** operates in the procurement intelligence and cost management sector, providing tools and data to assist supplychain professionals in negotiations. Dairy.com**: Offers technology services and intelligence platforms tailored to the dairy industry, focusing on supplychain optimization.
For procurement and supplychain professionals, the biggest takeaway from 2020 is that no matter how hard you try, you cannot predict the future. COVID-19 disrupted supplychains on an unprecedented scale, and businesses became much more reliant on procurement teams to help mitigate the impact. .
Subscribe to SupplyChain Game Changer. Procurement is a function that is undergoing an exciting transformation in the majority of global value chains; simultaneously, within its own strategy, process, and technology. between 2018–2023 (MarketWatch 2020). Subscribe Here! Email Address. It’s time to air our dirty laundry.
In 2024, the logistics and supplychain industry will continue its transformative journey, driven by technological advancements and growing consumer expectations. According to industry reports, over half of business leaders acknowledge the need for supplychain improvements, with 52% believing they could enhance their operations.
I launched the first episode of The Procuretech Podcast on 25th March 2020. (We So, lets take a quick tour of 10 key changes since 2020, as well as 5 challenges or ongoing debates which still persist. UI/UX being prioritised Back in 2020, this wasn’t really being talked about. It’s official! What’s Changed?
Specifically, JAGGAER provided TKE transformative technology to standardize procurement processes on a global level and cut costs, and helped Signify transition to more resilient supplychain management. TK Elevator became independent following its separation from the thyssenkrupp group in 2020.
As with most complex business challenges, the ability to accommodate increasingly complicated supplychains is heavily dependent on technology. Yet, a surprising number of shippers are still performing their day-to-day functions without the assistance of any supplychain digitization software solution (or with antiquated processes).
Subscribe to SupplyChain Game Changer. SupplyChain Risk Management is a Cirque Du Soleil Calibre Act! In today’s world, supplychains are more important than ever. That’s where supplychain risk management software comes in. Subscribe Here! Email Address. Manufacturing.
Subscribe to SupplyChain Game Changer. According to the 2020 Ovation Pulse, 92% of CPOs remain committed to their long-term goals. CPOs “gave supplychain sustainability a ranking of 7.2 in 2020, according to Procurement Leaders’ CPO Planning Guide 2021” (Procurement Leaders 2021). Subscribe Here!
Tim Cook has been instrumental in overseeing the company’s global supplychain and procurement operations. His expertise in managing complex supply networks has played a crucial role in Apple’s success. Attend workshops, seminars, and conferences related to procurement and supplychain management.
Procurement has been uniquely placed on the business front line of this crisis in helping to pivot supplychains from producing make-up to face masks and to finding thousands of items of remote working equipment overnight, or from manufacturing parts for car engines to ventilators. We all know these stories.
It’s a new year, and there are reasons to suggest that 2024 might be a departure from the fresh chaos that has hallmarked supplychain since the 2020’s started, or at least a de-escalation. Over the last few years, supplychain professionals have navigated an endless array of challenges.
Ariba) was niche, and spreadsheets remained standard for supplier data and budgeting. 2007 97% Slight decline as early cloud solutions emerged, but spreadsheets dominated due to familiarity and cost. 2019 91% AI usage surged to 37% (Exploding Topics), reducing spreadsheet reliance. 2017 92% Enterprise Times: 60% U.S.
billion (2020) to a projected $9.5 There are over 7 billion connected IoT devices in the world, with IoT sensors and wearables surpassing non-IoT devices in 2020. Benefits of Cloud-Based SupplyChain Management. According to Verified Market Research , the global procurement software market will grow from $5.5
Subscribe to SupplyChain Game Changer. Procurement professionals surveyed in the 2019 CPO Rising study responded that limited budgets and lack of modern procurement technologies were the top seen as the top 2 hurdles for achieving procurement objectives between 2020–2022 (CPO Rising 2019). Subscribe Here! Email Address.
We talk a lot about the latest supplychain disruptions—they are constant—and how to combat them with diversity in thought and representation. Because consumers who drive demand and momentum are more aware of supplychains than ever. Where did your supplychain journey start?
The unprecedented challenges of 2020 appear likely to carry over well into the future. Not only do companies need to be focused on health and safety concerns, but they also will continue to face challenges like managing remote work, building supplychain resiliency and handling budget pressures.
The number of women in supplychain is still rising, increasing 3 to 5% annually, now making up 41% of the industry. This decade has brought a greater understanding and awareness of how supplychains impact communities globally. The recently overwhelmingly male-dominated industry is shifting and evolving.
Subscribe to SupplyChain Game Changer. Societal disruptions, like those caused by the COVID-19 pandemic, can also lead to changes in the way producers and supplychain managers handle their distribution networks, including eCommerce fulfillment. Other SupplyChain Models. Subscribe Here! Email Address.
JAGGAER (@JaggaerPro) April 9, 2020. Georgi Gotev (@GeorgiGotev) March 26, 2020. At the end of March, long queues of European Union trucks built up on the Turkish border as Turkey imposed a 14-day quarantine to reduce the risk of the spread of Covid-19. Coronavirus will lead to permanent changes in global supplychains.”.
Hansen was publicly referencing and implementing AI concepts in the late 1990s , notably through “advanced self-learning algorithms” in procurement and supplychain applications. Procurement-Specific : Up to 70% of ERP/procurement tech projects fail due to scope creep, budget overruns, or misalignment.
We organize all of the trending information in your field so you don't have to. Join 69,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content