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
It’s been a very long time since I’ve had to consider about procurement objectives. Here are some typical procurement objectives that every procurement professional should consider. Process Efficiency: Streamline procurement processes through automation, reducing lead times and operational costs.
As part of our theme this quarter on Procurement’s role and value in supplychain risk management, we are speaking with practitioners in the field to understand their perceptions of risk — clearly different industries perceive types of risk in different ways. And we must remember that one cannot escape supplychain risks.
In part 1 of this mini series on tariffs we looked in more detail at what we mean by tariffs and in part 2 we talked about a Procurement action plan. In part 3 we look at the tech that can support Procurement in tariff management. Design-for-Supply part 1, part 2, part 3 and part 4.
A review of the key elements in supplier management for manufacturers and how Source-to-Pay procurement technology can support the journey towards supplychain resilience and agility in times of crisis. There are many supplychain management lessons to learn from the Covid-19 crisis.
Consider this your business suddenly faces a major supplychain disruption. But the truth is, a fragile supplychain can make or break your companys success in today’s world. But the truth is, a fragile supplychain can make or break your companys success in today’s world.
Global conflicts, macroeconomic shocks, and shifting global trade routes are all combining to provide real challenges to modern supplychains, and are driving the uncertainty that organizations feel. Companies often struggle to plan for such challenges, which is why developing a strong and resilient supplychain team is so important.
Ivalua Spend Management Insights [ivory-search] Navigating CSRD Regulation: What Procurement, SupplyChain, and Finance Leaders Need to Know June 12, 2023 | | Sustainability by Vishal Patel In an effort to drive sustainability and combat climate change, the European Union has introduced the Corporate Sustainability Reporting Directive (CSRD).
Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts → Or receive our famous weekly newsletter SupplyChain Network Design — Everything About SupplyChainSupplychain network design helps businesses to mitigate disruptions by configuring the supplychain.
The global supplychain landscape is undergoing significant transformations, influenced by rapid technological advancements, shifting consumer expectations, and the intricacies of international commerce. Conversely, a student who quickly grasps procurement strategies can be challenged with advanced case studies and leadership projects.
Strategic sourcing and innovative solutions are often viewed as two distinct procurement tools, but they should not be seen in isolation. Think of them as apples and gearseach essential and effective on its own, yet when combined; they create a formidable mechanism for achieving procurement excellence. Click here!
Ivalua Blog [ivory-search] Weathering Future Disruptions: 8 Steps to Building SupplyChain Resilience February 8, 2023 | | Manufacturing by Doug Keeley In the face of an unprecedented global crisis, Procurement stepped up to become a crucial driving force for business continuity. Work to achieve 100% supplychain visibility.
As the COVID-19 pandemic disrupts global supplychains, procurement organizations around the world are scrambling to react. There are many supplychain management lessons to learn from the Covid-19 crisis. These challenges in the direct material supplychain pose a real threat, especially in a time of crisis.
18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details → Or receive our famous weekly newsletter Strategic Procurement — Everything You Should Know Strategic procurement allows businesses to meet the demand of the current procurement landscape by making sense of the data and automating the procurement process.
EDITOR’S NOTE: The following are the details for an upcoming Webinar on “Reinventing Procurement” that I will be attending. As the world enters a new era of economic volatility, technological disruption, and geopolitical instability, procurement is once again at the epicenter of change.
Redwood City/Warsaw/ Hamburg – March 17th, 2020 | Ivalua, a leading global provider of procurement management solutions, and OptiBuy, Ivalua’s long-standing implementation partner, announced their selection by Körber to enable a digital procurement transformation.
Opportunities for Procurement Technology As we look toward 2025, European businesses are reshaping their supplychains to navigate an increasingly complex global landscape. A recent report by Maersk and Reuters Events highlights that 68% of companies are making supplychain visibility and monitoring solutions a top priority.
33 Procurement Interview Questions in 2022. Sustainable SupplyChain — The Ultimate Guide. The sustainable supplychain is adopted by many companies due to the increasing pressure to demonstrate greater environmental and social responsibility. SupplyChain Sustainability: What is it? First Name.
The pandemic wreaked havoc on businesses and their supplychains, but even in these trying times, there’s a silver lining. What we learned about agility and resilience can be applied to future-proof the source-to-pay (S2P) process and help organizations meet any new challenge with confidence.
In the ever-evolving landscape of supplychain management, procurement leaders must stay ahead of the curve to ensure success in 2025 and beyond. In this article, we will explore four key strategies that procurement leaders can adopt to navigate the complexities of the future supplychain landscape.
We believe that a key pillar of this transformation is the supplychain. With such growth comes supplychain complexity. Shift towards self-contracting and self-distribution: With health systems gaining significant scale and wanting more control over their supplychain, this shift is accelerating.
It made me wonder if and how the C-Suite view of procurement has evolved over the past 14 years. Starting with the CFO, then the CIO, CEO, and The Board, here is the outline of changes in how top executives view procurement going forward in 2025. Analytics and insights from procurement data were minimal.
33 Procurement Interview Questions in 2022. Procurement Speakers 2022 – 10 Most Popular Experts. Procurement speakers share their knowledge to inspire people in procurement that they are making a difference in the world. However, not all in the field of procurement are updated as they are more focused on their work. .
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.
33 Procurement Interview Questions in 2023. Sustainable Procurement Analysis — The Ultimate Guide. Procurement analysis is used to collect and analyze data for businesses to gain insights and make informed decisions. In this article, we will discuss what sustainable procurement analysis is. Download Whitepaper →. .
When you look behind the scenes of a global business operation, procurement strategy and supplychain management are usually top priorities, though theyre not always working in sync. This blog explores procurement vs supplychain strategy and looks at how aligning the two leads to operational excellence.
Subscribe to SupplyChain Game Changer. How Cloud Computing Can Help SupplyChain! The supplychain industry is changing at an alarming rate as new technological innovations launch. Cloud storage is one of the technologies that have significantly revolutionized supplychain management.
Supplychain and procurement have undergone a seismic change in recent years. Increased globalization, constant digital transformation, and ever-evolving consumer demands have led to a situation where traditional supplychain skills are simply no longer enough for success.
Procurement Priorities for 2025 and Beyond The manufacturing industry is evolving rapidly, leaving Chief Procurement Officers (CPOs) grappling with challenges that could make or break their organizations. Amid economic uncertainties and geopolitical shifts, procurement leaders face mounting pressure to drive sustained growth.
What Will Impact Procurement Processes in 2021? SupplyChain Transformation is ongoing but never more important than in 2021. SupplyChain Risk and Supply Continuity: Risk moved front and center of Procurement during the pandemic, as procurement organizations grappled with constrained supplychains.
September 2005 – It is my position that a true centralization of procurement objectives requires a decentralized architecture that is based on the real-world operating attributes of all transactional stakeholders starting at the local or regional level. What impact do liquid networks have on procurement and ProcureTech?
The COVID-19 pandemic, along with disruptions such as Brexit, trade wars, and geopolitical tensions, has highlighted the need for business leaders to take a closer look at their supplychains to strike a balance between resilience and efficiency. Enroll in the Full Course offered by our expert Vera Rozanova on SupplyChain Resilience!
We recommend leveraging these workstreams, based on Gartner’s 4 Workstreams for Successful Implementation of Any Procurement Application to maximize the impact of your next large-scale procurement implementation: 1. Ivalua Spend Management Insights [ivory-search] Get Ready for Success!
With international commerce increasingly digitalized and customer requirements continuing to grow, the demands on supplychain professionals to create frictionless, responsive, and cost-effective operations have never been higher. Supercharge your supplychain career through the SCMDOJO SupplyChain Learning Track Certification!
Procurement success in 2023 with our Strategy Course. Procurement Conference — 10 Best Procurement Conferences. Attending a procurement conference allows you to meet like-minded professionals and industry peers in procurement. However, what are the reasons why procurement professionals attend a conference?
This article serves as the executive summary of a six-part series built for finance and procurement leaders aiming to strengthen their organizations cash flow management and liquidity position. Procurement, meanwhile, works to strengthen supplier relationships, capture discounts and reduce total procurement costs.
MODEL #1 An agent-based model (ABM) within a Metaprise framework offers several advantages over an equation-based intake and orchestration model in procurement: 1. Procurement Insights Equation-Based Models: Expanding these models often requires redefining equations and parameters, making scalability more challenging. Pitt Site 3.
Gathered around a table laden with insights and expertise, industry leaders recently convened at the institute for Supply Management to delve into the latest hot topics shaping the world of supplychain management.From procurement strategies to risk mitigation, the roundtable discussion was a lively exchange of ideas and perspectives.
Sajid Kunnummal, Vice President and CPO at Navistar, was interviewed by Philip Ideson from Art of Procurement to discuss the impact of the Covid-19 pandemic on Procurement. When the crisis hit, Procurement as a function was suddenly in the hot seat, and it became the driving force for business continuity.
In an age where supplychains face persistent disruptionsfrom pandemics and trade wars to cyberattacks and climate volatilityresilience is no longer optional. This shift has pushed supplychain leadership to pivot from reactive management to proactive strategy built on data. Not sure where your supplychain stands?
The majority of organizations consider supplychain transparency to be a top priority, however less than a third are satisfied with the level of visibility into their suppliers. Most organizations continue to suffer from severely limited visibility in the lower levels of their supplychains.
I have noted that many LinkedIn posts regularly mention the belief that the C-Suite continues to see procurement primarily, if not solely, as a cost-savings function. This broader agenda suggests that while cost savings remain important, procurement’s role has expanded to include value creation and strategic partnership.”
I asked Chat GPT about Procurement Leadership and I have to say the response is good! Who are the procurement leaders? ChatGPT As an AI language model with a knowledge cutoff in September 2021, I can provide you with information about prominent procurement leaders up until that time. As the CEO of Apple Inc.,
The Manufacturing SupplyChain Journey through AI and Automation Manufacturing SupplyChains Explained The manufacturing supplychain comprises all the processes a business uses to turn raw materials and components into final products that are ready to be sold to customers, whether these are consumers or other businesses.
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