World of Procurement blog

MAY 8, 2024

The procurement team manages the order, monitors quality, ensures on-time delivery, processes invoices, and handles any issues that arise during fulfillment. Common procurement metrics include spend under management, savings targets, supplier lead time reduction, procurement process efficiency gains, sustainability metrics and more.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Supply Chain Game Changer

SEPTEMBER 17, 2019

Subscribe to Supply Chain Game Changer. Imagining the Supply Chain of the Future! Mike Mortson was recently interviewed by Oracle as a part of their Global Supply Chain Influencer program. This article was posted on Oracle’s Supply Chain Management blog. Email Address.

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Supply Chain Efficiency Supply chain Real-time Visibility 59

World of Procurement blog

MAY 8, 2024

What is Supply Chain Management (SCM) Supply Chain Management (SCM) is the management of the flow of goods, services, information and finances as they move from raw materials to final product, from manufacturer to consumer. Optimized supply chains lead to improved profit margins.

Agile and Lean Supply Chain 40

Agile and Lean Supply Chain Supply chain management Supply chain management Supply Chain Optimization 40

Procurement Software

APRIL 18, 2023

These negotiations take place in real time, with all prospective suppliers at once. This saves buyers not only money, but hours of conversation time. Live, and within an allotted time period, suppliers lower their prices against the nearest competitor in order to win your business.

Bidding 52

Bidding Supply Chain Efficiency Real-time Visibility Negotiation 52

IBM Supply Chain Blog

NOVEMBER 24, 2023

Typical benefits realized would range from increased agility, cost-effectiveness and competitiveness, while challenges include complexity and resource demands. Many enterprises are realizing that moving to cloud is not giving them the desired value nor agility/speed beyond basic platform-level automation.

Real-time Visibility 100

Real-time Visibility Data Cost of ownership Strategy 100

Pipefy

JANUARY 11, 2023

This shift has become necessary as procurement departments are tasked by management with new strategic duties. Procurement teams are now responsible for driving value, achieving sustainable results, and helping businesses maintain their competitive edge despite market shifts and supply chain disruptions.

Strategy 52

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

Empowering CPO

JUNE 27, 2023

Traditional approaches to spend analysis relied heavily on manual processes and limited data visibility. Data Integration and Visibility: Connecting disparate data sources, such as procurement systems, supplier databases, and financial records, to create a centralized and holistic view of procurement activities.

Real-time Visibility 40

Real-time Visibility Supply Chain Efficiency Supply Chain Optimization Data 40

Pipefy

MARCH 6, 2023

Following recent events like the pandemic, the shift to non-office work models, and supply chain pressures, the demand for business process transformation has accelerated. Many leaders today realize that a radical change is needed to keep up with changing business environments and requirements.

e2e 52

e2e Supply Chain Efficiency Real-time Visibility Change management 52

Empowering CPO

JUNE 14, 2023

It is a strategic process that involves identifying business needs, sourcing suppliers, negotiating contracts, managing supplier relationships, and ensuring the timely delivery of high-quality products or services. These models are often accompanied by practices such as annual rate contracts, bulk buying, and just-in-time purchasing.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Supply Chain Game Changer

OCTOBER 5, 2021

Subscribe to Supply Chain Game Changer. From the first time I went to Colorado and saw the Front Range, I developed a level of awe and respect for these natural wonders. But the thunder was getting closer, lightning was visible nearby, and the mountain was becoming covered with storm clouds. Subscribe Here! Email Address.

Strategy 82

Strategy Real-time Visibility Agile and Lean Supply Chain Change management 82

Empowering CPO

JUNE 22, 2023

Spend analysis, a cornerstone of procurement and supply chain management, is the process of collecting, cleansing, classifying, and analyzing expenditure data with the goal of reducing procurement costs, improving efficiency, and monitoring compliance. But how do we fuel the engine of strategic sourcing?

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

SCMDOJO

MARCH 25, 2022

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 supply chain management. Reminder of Key Definitions – Logistics & Supply Chain Management. Rider (1970)).

Supply Chain Efficiency 132

Supply Chain Efficiency Agile and Lean Supply Chain Logistics Supply Chain Optimization 132

ivalua

JUNE 1, 2022

Overall, their strategy must move toward data-driven decision-making to provide real-time information visibility. Creating fuller visibility into supplier risks, Amrest has the power and intel to switch localizations or deliver from different warehouses, creating a stronger supply chain. .

Real-time Visibility 130

Real-time Visibility Agile and Lean Supply Chain Supply Chain Efficiency Procurement 130

Supply Chain Game Changer

SEPTEMBER 28, 2021

Subscribe to Supply Chain Game Changer. The Supply Chain Detective and the Distribution Centre Disaster! I was brought into the company to make changes happen. And it seemed that everyone in the organization, regardless of level or title, all recognized the need for change and the sense of urgency.

Agile and Lean Supply Chain 86

Agile and Lean Supply Chain Supply Chain Efficiency Supply chain Supply 86

Solvoyo

MARCH 5, 2021

Remember those times when we used to stroll down the block and find local stores such as the mom-and-pop diners and get the chance to relish the coziness and sense of family environment there. For businesses of all sizes, the digital transformation of supply chain planning became the most important initiative. .

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency supply chain software solutions 52

Supply Chain Trend

JULY 28, 2018

And of these change failures, 70 percent are due to culture-related issues: employee resistance to change and unsupportive management behaviours. Despite this obvious importance of behaviours in change management, only 26 percent of practitioners indicate that behaviours are addressed enough in S&OP implementations.

Leadership 68

Leadership Supply Chain Efficiency Change management Real-time Visibility 68

Supply Chain Trend

JULY 28, 2018

And of these change failures, 70 percent are due to culture-related issues: employee resistance to change and unsupportive management behaviours. Despite this obvious importance of behaviours in change management, only 26 percent of practitioners indicate that behaviours are addressed enough in S&OP implementations.

Leadership 60

Leadership Supply Chain Efficiency Change management Real-time Visibility 60

IBM Supply Chain Blog

NOVEMBER 22, 2023

Separately, since ERP will track past orders and real-time inventory the customer is much more likely to receive the correct items on time. Customize reporting Real-time data reporting is one of the highlights of an ERP solution and why it’s a serious advantage over other business management systems.

supply chain software solutions 68

supply chain software solutions Supply Chain Efficiency Real-time Visibility Supply Chain Optimization 68

Empowering CPO

MAY 4, 2023

By effectively managing the purchasing process, companies can better control their expenditures and optimize their supply chain, ensuring the availability of the right products and services at the right time. Some of the key benefits include: 1.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

Supply Chain Game Changer

NOVEMBER 24, 2018

As such you will need to define the cultural norms and expectations in order to create a game changing High Performance Organization (HPO) (read Ground Rules for Creating a Game Changing High Performance Organization (HPO)! ) if you want to truly achieve dramatic change. A High Powered Enabler For Changing The Game!

Leadership 43

Leadership Agile and Lean Supply Chain Real-time Visibility Sustainability 43

Supply Chain Game Changer

NOVEMBER 7, 2018

Check out 10 Signs You Should Reboot Your Lean Program! The modern supply chain grows increasingly complex with each passing day. The digitization , focusing on fundamentals and change , augmented reality , artificial intelligence , and many other factors are transforming how the supply chain functions.

Agile and Lean Supply Chain 54

Agile and Lean Supply Chain Supply Chain Efficiency Supply chain Real-time Visibility 54

Supply Chain Game Changer

JANUARY 30, 2020

Subscribe to Supply Chain Game Changer. World Class Inventory Turnover Breakthrough Elements! “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?”, Supply/Demand Planning.

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. Supply/Demand Planning. (Infographic).

Inventory 43

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