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Global trade is complex, and supplychains are intertwined and interconnected. Supplychain leaders must adapt and use smart strategies to remain competitive. This article explains how to understand US tariffs and lessen their impact on supplychains.
Resources: Books like Getting to Yes by Roger Fisher and William Ury. Master Budgeting: Practice building and managing procurement budgets aligned with organizational goals. Audit SupplyChains: Identify and address environmental and social risks in the supplychain. LEED Green Associate).
Action Steps: Automate Processes: Implement cutting-edge procurement software to automate routine tasks, reducing manual errors and boosting efficiency. Implement Lean Procurement Practices: Use lean management principles to minimize waste and streamline procurement operations. projects you can follow the treasury green book.
SupplyChain Disruption in 2025: Navigating SupplyChain Issues Supplychain issues have become the defining challenge for multichannel merchants in 2025. When supplychains falter, customer satisfaction plummets and competitors gain ground. What Are SupplyChain Issues in Plain Language?
Cristian Maradiaga King Ocean Book a Live Demo Download a free copy of "Indirect Spend Guide", to learn: Where the best opportunities for savings are in indirect spend. Organizations are leaning into automation, analytics, and collaborative supplier technologies to drive performance across the entire procurement lifecycle.
With rising expectations, shrinking budgets, and growing exposure to price risk and supply disruption, todays procurement leaders are tasked with delivering strategic impact at speed and scale. Let’s start by revisiting one of Procurement Insights’ most popular article series: Dangerous SupplyChain Myths.
It fills critical gaps in depth, agility, and contextual insight that most traditional analysts and association models overlook. His Procurement Insights blog, active since 2007, has over 14,700 followers, and hes authored nearly 3,000 articles, five books, and hosted over 900 episodes of the PI Window on The World Show.
Companies leveraging this approach gain 612 months lead time to mitigate disruptions, optimize supplychains, and capitalize on emerging opportunities. Novartis (Pharmaceuticals) Industry: Global pharmaceutical company, reliant on R&D, global supplychains. Digital supplychain tools (e.g., exemptions.
If you’re in the business world, you’re probably always looking for ways to streamline your supplychain operations. Luckily, supplychain analytics is here to help! But like any new technology, there are hurdles to overcome when implementing supplychain analytics.
Companies of all sizes have been capturing the value from Global SupplyChain to increase the economies of scale and scope for years. In this article, we will show you tips from worldwide experts that you can use to streamline your global supplychain operations. However, you may wonder what kind of practices really work.
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.
Sebastian Chua started his procurement journey with Hewlett Packard/Agilent Technologies as their country manager for Singapore, India, Thailand, and the Philippines before he took on the job as the regional procurement manager. . Furthermore, He was voted by SupplyChain Digital as one of the top 10 procurement executives worldwide.
Over the years, various methodologies have emerged to address this need, including lean manufacturing, Six Sigma, and the integration of both known as Lean Six Sigma (LSS). In this blog, we’ll delve into the integrated Lean Six Sigma approach, exploring its benefits, deployment models, moreover the implications for SMEs.
Professionals in supplychain management use various methods to identify best practices to improve the operations. In order to accelerate the learning, this article has gathered 20+ most sought-after supplychain case studies, analyzed/categorized them by industry and the findings are presented.
51 ChatGPT Prompts to 10X Your Productivity in Procurement Download ChatGPT PDF Procurement Courses Or receive our famous weekly newsletter The 5S of Kaizen — The Ultimate Guide The 5S of Kaizen comes under the umbrella of lean management aimed to eliminate waste within manufacturing operations.
The Global SupplyChain is thriving with each passing day. However, the game-changer is how Cost Efficiency and Cost Effectiveness play their role in the supplychain. Every business focuses on solutions that enhance profitability with cost optimization. What is Cost Efficiency?
Today I’m joined by Logward , an exciting tech brand with a vision of a future where supplychain departments lead the transformation of their industries, instead of simply transporting it. It’s improving carrier relationships… if we look at how often a booking is rejected, this number decreases the longer our solution is used.”
In two articles, based on the webinar “XP&A in action: Enhancing FP&A Agility with SupplyChain Planning” , I will discuss the future of xP&A and supplychain planning. Although there might be a renewed interest, a formalised integration between supplychain planning and finance is not a new idea.
Many more traditional supplychain strategies originated in a steadier business environment. Predictable business cycles and stable demand allowed supplychain professionals to focus less on solving challenges and more on cost reductions. The transition to cloud solutions in supplychain management.
Subscribe to SupplyChain Game Changer. At the crossroads of sustainability, technology, and the broader supplier base lies smart, sustainable, and scaling supplychain growth; growth that comes with a balance of people, planet, and profitability in mind. CPOs “gave supplychain sustainability a ranking of 7.2
7 Secrets of Internal SupplyChain Integration. Supplychain management is said to be the integration of internal functions which expand across the companys boundary. Then, this article will provide more details about the internal supplychain integration.
I am sure you are comfortable being flexible and agile when buying something different, or sourcing from an alternative more sustainable supplier. In my book Category Management in Purchasing , I lay out the 5i® Category Management process in detail. Even with a c-suite sponsor, a mandate and a budget.
Subscribe to SupplyChain Game Changer. 7 Reasons to Switch to Agile Project Management! An interesting and useful addition to Trello is the time and attendance software – TimeCamp, which also has functions related to the process of budgeting and invoicing the project and working hours. Subscribe Here!
Typically, the value that a procurement professional contributes to a business can usually be measured either in: Hard cost savings, or; Other, less tangible but equally important forms of value: Cost avoidance. Sustainability initiatives within the supplychain. Reductions in energy or material consumption.
Over the past two years, we’ve seen how supplychains are constantly changing and facing uncertainties. CPOs and procurement leaders everywhere are trying to identify ways to be agile to handle future uncertainties. . With automation, organizations can improve efficiency and compliance while reducingcosts.
If we look back over the history of supply-chain planning, we can properly say we are in the third wave of integrated supply-chain planning software (Van Hove, 2019). New Product Review, a Demand Review, a Supply Review, and a Management Business Review. Figure 1 is an image from the cover of the book.
The methodology gained prominence with the publication of a 1990 article in the Harvard Business Review, “Reengineering Work: Don’t Automate, Obliterate,” by Michael Hammer, and the 1993 book by Hammer and James Champy, Reengineering the Corporation.
Typically, the value that a procurement professional contributes to a business can usually be measured either in: Hard cost savings, or; Other, less tangible but equally important forms of value: Cost avoidance. Sustainability initiatives within the supplychain. Reductions in energy or material consumption.
To maintain their competitiveness and overcome today’s challenges, manufacturers have had to make agility and adaptability top priorities. Digitalization has had a profound impact on the manufacturing sector, enabling businesses to optimize processes, improve quality and reducecosts. Digitalization and Industry 4.0
In a business with hundreds or thousands of suppliers on the books, we can’t possibly build a strategic relationship with every vendor. We need to focus on those that are critical for maintaining a reliable supplychain, optimizing costs, driving innovation, improving efficiency , and supporting strategic objectives.
Book a Live Demo. If suppliers feel like you’re constantly criticizing them or looking for ways to reducecosts, they may be less likely to want to do business with you in the future. Flexibility / Agility. Are the supplier’s costs reasonable and in line with your budget? Cristian Maradiaga.
Cristian Maradiaga King Ocean Book a Live Demo Download a free copy of "Indirect Spend Guide", to learn: Where the best opportunities for savings are in indirect spend. Horizontal integration refers to a company expanding its operations by acquiring or merging with other companies operating at the same supplychain level.
Cristian Maradiaga King Ocean Book a Live Demo Download a free copy of "Indirect Spend Guide", to learn: Where the best opportunities for savings are in indirect spend. You set the budget and deliverables, then work with various freelancers with a test assignment. How to gain visibility and control of your indirect spend.
Book a Live Demo. That means working with agile partners, which most standard procurement strategies don’t account for. By finding the right partnerships and putting together a comprehensive plan, businesses can ensure they’re getting the most out of their marketing budget. Book a Live Demo. Cristian Maradiaga.
Book a Live Demo. Digital transformation in procurement Digital transformation impacts all areas of procurement, including the following: Suppliers and the supplychain Employees Reporting Customers Costs Revenue Like other areas, digital transformation can eliminate repetitive tasks, improve business agility, and reducecosts.
Spend Matters was founded by Jason Busch in 2004 and was one of the first Procurement and SupplyChain Blogs. The 50 To Know are the ones Spend Matters recognises at the best-in-class in the procurement and supplychain technology market. Book a call with me to see how I can help! The 50 To Know. easy to implement.
In his book Beyond the Wall of Resistance , RicMaurer gives three levels at which people resist a change. With a S&OP communication plan, executives can inform, energize and re-focuses employees and call out for action to fill budget or strategy gaps. How can you determine in what change environment you’re operating?
18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details → Or receive our famous weekly newsletter SupplyChain Forecasting — Everything You Should Know Supplychain forecasting is about making predictions from both past and present information. What is SupplyChain Forecasting?
In his book Beyond the Wall of Resistance , RicMaurer gives three levels at which people resist a change. With a S&OP communication plan, executives can inform, energize and re-focuses employees and call out for action to fill budget or strategy gaps. How can you determine in what change environment you’re operating?
Faster turnaround times mean fewer labor hours, and streamlined workflows keep projects within budget. Agility is key to any company’s long-term success. Bots can be trained on supplychain data, learning how to monitor inventory spikes or predict parts starvation.
5 Types of SupplyChain Strategies for Every Sourcing Hero Explore the superpowers offered by various types of supplychain strategies that businesses can adopt to meet their objectives. And, one of the best things about comic-book heroes is their incredible diversity.
Subscribe to SupplyChain Game Changer. They will hire an inexperienced and inexpensive resource, within their budget to lead the Procurement Transformation. Systems are the critical tools necessary to have a lean and efficient Procurement Department. Benchmarking” or “Should Cost” analysis. Subscribe Here!
The recently published book looks at a 10 building blocks to ensure that procurement is both seen as a strategic function, whilst also leveraging the best from its relationships with an organisation’s core suppliers. Very few CEOs come from Procurement or SupplyChain. Hence the book! Big tech gets it.
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