SCMDOJO

DECEMBER 14, 2023

Time is really important in business. In supply chain management, total lead time is a crucial metric encompassing the period from customer order to delivery, be it in B2B or B2C scenarios. As a critical supply parameter, managing lead time is essential for mitigating uncertainties in the supply chain.

Agile and Lean Supply Chain 77

Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization Real-time Visibility 77

Procurement Tactics

AUGUST 25, 2022

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 Supply Chain Digital as one of the top 10 procurement executives worldwide.

Procurement 231

Procurement Supply Chain Optimization Agile and Lean Supply Chain supply chain budgeting 231

World of Procurement blog

MAY 8, 2024

Value-add : Procurement aims to add value by optimizing processes, consolidating spend, and building supplier relationships. Procurement is strategically important because it: Drives significant cost savings through economies of scale, supplier negotiations, and process efficiencies. Purchasing's value-add is more limited.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Supply Chain Game Changer

NOVEMBER 10, 2018

Supply chain collaboration is a hot topic today and no wonder: companies that collaborate effectively across the supply chain have enjoyed dramatic reductions in inventories and costs, together with improvements in speed, service levels, and customer satisfaction. Supplier chain collaboration itself isn’t new.

Collaboration 66

Collaboration Supply Chain Optimization Agile and Lean Supply Chain supply chain budgeting 66

IBM Supply Chain Blog

JANUARY 22, 2024

Catalysts and conundrums A dramatic shift in development and operations is making data centers more agile and cost-effective. The growing importance of edge computing, driven by the need for faster data processing and reduced latency, also reshapes data center architecture.

Data 110

Data Sustainability Innovation Buyers 110

Jaggaer

APRIL 14, 2020

This is perhaps an extreme example, but it highlights how COVID-19 is causing severe disruptions to supply chains. The broader issue is that border controls and travel bans limit the ability of supply managers to identify and qualify new suppliers. Coronavirus will lead to permanent changes in global supply chains.”.

supply chain budgeting 52

supply chain budgeting Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization 52

Supply Chain Game Changer

DECEMBER 9, 2020

Subscribe to Supply Chain Game Changer. Inventory management starts with the fundamental in and out of your supply chain. Everyone from your product developers to your supply chain management team can more easily do their jobs. Subscribe Here! Email Address. What is Product (or Master) Data Management?

Inventory 98

Inventory supply chain software solutions Management Supply Chain Optimization 98

Supply Chain Game Changer

AUGUST 5, 2021

Subscribe to Supply Chain Game Changer. Tradition is important, but evolution is inevitable. Whether you’re whipping up a pot of Sunday gravy or building strategy, process, and/or adopting new systems for Supplier Management it’s important to identify your secret recipe of essential ingredients for success. Email Address.

Suppliers 98

Suppliers Management Supply Chain Efficiency Agile and Lean Supply Chain 98

Pipefy

DECEMBER 20, 2023

The result is greater supply chain predictability, more accurate decision-making, and better business agility. Strategic procurement leverages data to reduce risks across the entire procure-to-pay process and identify opportunities for long-term and continuous forecasting and optimizations. What is strategic procurement?

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Agile and Lean Supply Chain Strategic planning 52

Pipefy

JANUARY 11, 2023

Following recent unprecedented events and disruptions, one thing has become clear: procurement optimization is no longer just about cost-effectiveness or efficiency. . In 2022, the five biggest procurement issues experienced by B2B buyers were: Reliable delivery (43%). What is a procurement transformation roadmap?

Strategy 52

Strategy Procurement supply chain software solutions Agile and Lean Supply Chain 52

Una

JUNE 8, 2023

We need to focus on those that are critical for maintaining a reliable supply chain, optimizing costs, driving innovation, improving efficiency , and supporting strategic objectives. The focus for these items is usually on building strong relationships with suppliers and ensuring a stable supply chain.

Suppliers 52

Suppliers Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization 52

EazyStock

JULY 2, 2021

It is important that there are no duplicates here, as the purpose of this stage is to ensure that the correct parts are used at each point of assembly and that similar parts cannot become confused. This is especially important for wholesale distributors that carry large quantities of diverse parts and components.

Bill of materials 52

Bill of materials Supply Chain Optimization Inventory Quantity 52

Empowering CPO

MAY 5, 2023

The Importance of Digital Transformation in the Modern Business Landscape In today’s rapidly evolving and competitive global market, businesses must continuously adapt and innovate to stay ahead of the curve. Introduction A. One of the most significant drivers of this change is digital transformation.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain budgeting Procurement Real-time Visibility 52

Jaggaer

OCTOBER 22, 2020

Optimizing cost, in the order of a 20-25% reduction on the current situation, is therefore a must in order to survive. Spend management and procurement will play a key role in enabling banks to achieve their efficiency targets while managing supply chain risks,” he added. You can view a full recording of the webinar here.

Strategy 52

Strategy Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

Empowering CPO

JUNE 14, 2023

Importance of Innovative Procurement Models In the era where change is the only constant, innovation has become a necessity rather than a luxury. They can also create adversarial relationships between buyers and suppliers, as they often involve tough negotiations and a focus on short-term gains rather than long-term collaboration.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

ivalua

AUGUST 5, 2020

Optimization of internal data resources to support ALL spend profiles. Finally, Ivalua recognizes the importance of compliance and that’s why the whole Ivalua Invoice-to-Pay journey has been assured by global tax experts PwC Belgium. A range of receipt methods to support the capabilities of ALL suppliers.

supply chain software solutions 130

supply chain software solutions Real-time Visibility Suppliers supply chain budgeting 130

SCMDOJO

MARCH 19, 2024

Discover Ways to Boost Supply Chain Visibility through Digital Marketing Supply chain visibility is essential for providing a superior customer experience and sustaining customer loyalty over time. Customers face significant frustrations that erode brand trust and sales without supply chain visibility.

Supply Chain Visibility 78

Supply Chain Visibility Real-time Visibility e2e supply chain software solutions 78

Pipefy

MAY 23, 2023

Below we’ll cover digital procurement solutions, essential features, and their benefits for optimized digital procurement workflows. Document management Digital contract management should be included in any e-procurement tool; it’s that important. This process game-changer is known as stack extensibility. Risk reduction.

Procurement solutions 52

Procurement solutions Procurement e2e supply chain software solutions 52

IBM Supply Chain Blog

SEPTEMBER 20, 2021

For years, supply chain professionals have measured success by how well they have been able to drive down costs and drive up efficiency. Then, 2020 sent shockwaves through many JIT strategies; the disruption was just too big to absorb and supply chain ecosystems had not been built to flex.

Supply chain resilience 52

Supply chain resilience Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization 52

Supply Chain Game Changer

MARCH 6, 2019

Subscribe to Supply Chain Game Changer. Initiatives are being put in place to make these statements a reality, but are these organizations agile enough to shift strategies, process and operations — for real? The responsibility of sourcing responsibly is shared between stakeholder, supplier, buyer and society at large.

Procurement 50

Procurement Procurement team Supply Chain Efficiency Innovation 50

Jaggaer

OCTOBER 8, 2019

They should also extend this digitalization to supply chain management (supplier portal, webEDI, etc.) This is not simply about cost savings here and there (the traditional C-suite view of what procurement does) but driving value and making your organization more agile in an uncertain and rapidly changing world.

Procurement 40

Procurement e2e Agile and Lean Supply Chain supply chain software solutions 40

Pipefy

JANUARY 30, 2024

In the 2024 State of Procurement Data Report by Amazon Business, 95% of decision-makers surveyed acknowledge that there’s room for procurement optimization. Teams will need to rely on greater investments in the right tools and technology to make these optimizations, from no-code automation to AI and data analytics.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Procurement Real-time Visibility Supply Chain Efficiency 52

SCMDOJO

DECEMBER 14, 2023

Sourcing agencies excel in handling these intricacies, ensuring a smooth and efficient flow of products from supplier to buyer. Specializing in industrial engineering, lean manufacturing, and B2B sourcing, they work with businesses of all sizes, offering expertise in supply chain processes, continuous improvement, and leadership.

Sourcing 74

Sourcing Supply Chain Efficiency Supply Chain Optimization Negotiation 74

Una

MARCH 6, 2023

How to Market Procurement’s Value Beyond Cost Savings The Importance of Looking Beyond Cost Savings in Procurement Procurement Automation: 5 Tasks You Should be Automating Employ lean procurement principles For some organizations, getting Lean in procurement simply involves doing things faster.

Innovation 98

Innovation Purchasing Agile and Lean Supply Chain Supplier relationship management 98

Supply Chain Game Changer

NOVEMBER 10, 2018

For the upcoming Holiday our theme was that we were going to have a BORING Holiday season … from a Supply Chain perspective. But by BORING, from a Supply Chain perspective , I did mean that we were going to do all of the necessary planning. And we would deliver a great customer experience.

Supply Chain Optimization 44

Supply Chain Optimization Agile and Lean Supply Chain Supply Chain Efficiency Supply chain 44

World of Procurement blog

JANUARY 27, 2021

When I graduated college with my shiny new Supply Chain Management degree, I figured I was heading into my first job to work on supplier contract negotiations, optimizing production line output, and all of the other 'sexy' supply chain management strategy we had spent two years learning about. We all outsource.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Optimization Supply chain Supply 52

ivalua

MARCH 9, 2023

The contracts govern the relationship between the buyer and supplier, an essential process to inform Procure-to-Pay. preferred terms are negotiated in sourcing but only captured if purchased against) Invoicing: The most important part of the process for the supplier–getting paid. Purchasing is also where value is captured (i.e.,

Sourcing 130

Sourcing Real-time Visibility e2e supply chain software solutions 130

The Good Spending

JANUARY 4, 2023

Buyers of direct materials will empathize with the availability and quality of an item rather than the price itself. Category strategy will elaborate on logistical and supply management aspects, i.e., inventory planning and supply chain configuration. My Udemy course “Adaptive Sourcing: Agile Procurement in Practice.”

Strategic sourcing 97

Strategic sourcing Strategic sourcing Agile and Lean Supply Chain Category management 97

Pipefy

MAY 9, 2023

Build a more efficient and connected procure-to-pay process with The Definitive Guide to P2P Optimization Importance of procurement KPIs Procurement has evolved over the years from transactional functions (now associated with purchasing) to encompass strategic activities focused on maximizing and creating value for a business.

Procurement 52

Procurement Real-time Visibility supply chain budgeting Procurement team 52

Finale Inventory

MARCH 28, 2024

The Baker Retailing Center at the Wharton School of Business found that sustainability is more important than brand names as a purchase factor, and 68% of consumers overall would pay a premium for sustainable goods. For example, PwC found that half of consumers would pay up to 10% extra for brands with a more sustainable supply chain.

Supply Chain Efficiency 52

Supply Chain Efficiency Raw materials Inventory Sustainability 52

Pipefy

JANUARY 31, 2023

For a better understanding of the importance of procurement, let’s look at a few different variations on this process and the roles they play in the broader business framework. By using a blanket PO, buyers can simultaneously source from multiple suppliers in order to negotiate the best, discounted price.

Purchase orders 59

Purchase orders Purchasing Procurement Quantity 59

ivalua

SEPTEMBER 24, 2020

Recent trends have increased the strategic importance of an effective, transparent Invoice-to-Pay process, managed by AP. The Covid-19 pandemic has increased the importance of effective cash management, of which Invoice-to-Pay is a key lever. Using Invoice-to-Pay to create a top performing Accounts Payable Team. What is Invoice-to-Pay?

e2e 100

e2e supply chain budgeting Supply Chain Efficiency Suppliers 100

Supply Chain Game Changer

NOVEMBER 23, 2018

Growing global complexity in supply chain management has forced organizations to look towards technology as their silver bullet; serving as the missing link between people (supply chain actors) and the ability to collaborate at scale. Check out What Exactly is Blockchain? And How Does it Work? Infographic).

Supply Chain Efficiency 50

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain 50

The Good Spending

NOVEMBER 5, 2021

These additions are most important when buyers consider remote locations as physical goods sources. TLC analysis requires a deep understanding of supply chain costs - customs, duties, tariffs, and 3PL services. My Udemy course "Adaptive Sourcing: Agile Procurement in Practice." My Udemy course "Procurement Lab."

Procurement 52

Procurement Bidding Supply Chain Efficiency Contract 52

Pipefy

DECEMBER 10, 2022

No matter the size of your company, how you structure your purchase process has a direct impact on your company’s ability to control costs, manage risks, and maintain process resilience as supply chains evolve. These include increased agility, specialized purchasing, and supplier diversity. Purchasing agility.

Purchasing 52

Purchasing Supply Chain Efficiency Agile and Lean Supply Chain supply chain budgeting 52

Supply Chain Game Changer

JANUARY 30, 2020

Subscribe to Supply Chain Game Changer. “We are a Supply Chain Services Company,” I was told. “If we are truly a Supply Chain Services Company, then why is our Inventory Turnover only at 7?”, I needed to meet with the company leaders in the Supply Chain function quickly.

Inventory 61

Inventory Agile and Lean Supply Chain Supply Chain Optimization Replenishment ordering 61

Supply Chain Game Changer

NOVEMBER 16, 2018

“We are a Supply Chain Services Company,” I was told. “If we are truly a Supply Chain Services Company, then why is our Inventory Turnover only at 7?”, I needed to meet with the company leaders in the Supply Chain function quickly. (Infographic). ”, I asked. Work In Process.

Inventory 43

Inventory Agile and Lean Supply Chain Supply Chain Optimization Replenishment ordering 43