Supply Chain Trend

JUNE 29, 2023

In two articles, based on the webinar “XP&A in action: Enhancing FP&A Agility with Supply Chain Planning” , I will discuss the future of xP&A and supply chain planning. Financial professionals are supported by cloud FP&A solutions to collaborate, budget, plan, and forecast.

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Procurement Tactics

MARCH 16, 2023

Additionally, we will talk about the importance and how you can implement strategic procurement. It aims to ensure that the goods and services that the business needs are delivered on time and purchased within the budget. In this article, we will discuss what strategic procurement is.

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Empowering CPO

JUNE 30, 2023

Introduction In the dynamic world of business, the ability to effectively manage and optimize supply chains has emerged as a critical success factor. The aim is not only to streamline operations but also to extract maximum value from every link in the supply chain. So, why are managed procurement services necessary?

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Supply Chain Game Changer

AUGUST 13, 2020

Subscribe to Supply Chain Game Changer. The Parallel Supply Chain … A Twilight Zone Strategy? Death of Global Supply Chains article and permission to publish here provided by Sam Jenks at kodiakrating.com. Is COVID19 the death of Global Supply Chains? Subscribe Here! Email Address.

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Zycus Cognitive Procurement

DECEMBER 15, 2022

As we are coming to the end of the year, procurement and supply chain leaders across industries initiate their annual strategic planning process for the next year. We have shortlisted 7 C ritical T rends that will help supply chain leaders and practitioners to build a strategic blueprint for 2023 and beyond.

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EazyStock

DECEMBER 13, 2020

You already know the biggest supply chain disruption of 2020: the COVID-19 pandemic. With that said, how can you keep your supply chain running as smoothly as possible in the meantime? The best way to safeguard your supply chain will be by building resilience into your operations. But ‘back to normal’?

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Supply Chain Game Changer

APRIL 21, 2020

Subscribe to Supply Chain Game Changer. A “Don’t Touch” Strategy will Dramatically Lean out your Supply Chain! Everyone involved in these Supply Chains is abiding by the social distancing and protective mandates we all are adhering to. Subscribe Here! Email Address.

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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.

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Procurement Tactics

JUNE 28, 2023

In this article, we are going to explore what procurement tracking is, its importance in business and the tools to be used when conducting it for its efficient execution. Procurement Tracking: Why is it Important? Purchase Orders Purchase orders are where the monitoring of the creation and approval of purchase orders comes in.

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Procurement Tactics

JANUARY 8, 2023

It can also help drive sustainability initiatives in your supply chain and procurement process. . Closed loop spend management (CLSM) is an approach geared towards injecting resilience and agility into business operations by optimizing overhead costs and transforming procurement and supply chain processes. .

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World of Procurement blog

MAY 8, 2024

Procurement differs from purchasing in a few key ways: Strategic focus : Procurement has a strategic, long-term focus on analyzing spend, reducing costs, managing supplier relationships, and mitigating risk. Purchasing is more transactional and tactical. Purchasing focuses specifically on the buying transaction.

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Supply Chain Game Changer

NOVEMBER 19, 2018

Check out Brand Protection – The Definitive Role of the Supply Chain! The Supply Chain function within your company has many responsibilities. Yet often the Supply Chain is undervalued. As such there can be unrelenting pressure to continue to cut costs. Promoting Supply Chain Value.

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Supply Chain Opz

NOVEMBER 9, 2014

Companies of all sizes have been capturing the value from Global Supply Chain 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 supply chain operations. However, you may wonder what kind of practices really work.

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Positive Purchasing

MARCH 18, 2024

Jonathan O’Brien, CEO of Positive Purchasing , author, and global procurement thought leader, outlines his effective approach to assessing the current levels of sustainability within your supply base, then prioritizing where and how to focus your resources to make the greatest positive impact.

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SCMDOJO

MARCH 8, 2024

By negotiating lower MOQs with suppliers, businesses can reduce the amount of inventory they need to purchase at once. In conclusion, implementing these five inventory optimization strategies can help businesses improve efficiency, reduce costs, and enhance customer satisfaction.

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ivalua

MARCH 5, 2020

In this disruptive age, businesses must move faster and become more agile, so Procurement must respond, to this or we will become obsolete. Along with the rise of automation and AI, which reduce much of the traditional Procurement workload, these external drivers mean we must find a new role if we want to add real value.

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SCMDOJO

DECEMBER 18, 2023

In the world of manufacturing and maintenance, effective spare parts management is essential for maximizing equipment uptime and reducing costs. It’s a smart guarantee that the right parts are easy to get, making sure equipment doesn’t stay idle for long and costs stay low.

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Una

AUGUST 2, 2022

It’s also important to understand the sheer scale of the opportunity that’s up for grabs through procurement modernization and digitization. Benefits include cost savings, risk reduction, efficiency gains, transparency, agility, customer satisfaction, employee engagement, and much more. billion (2020) to a projected $9.5

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Jaggaer

APRIL 14, 2020

Many countries have closed shops for non-essential and discretionary purchases, and even where they are open, consumers may be cautious about venturing to the high street, preferring to shop online. This is perhaps an extreme example, but it highlights how COVID-19 is causing severe disruptions to supply chains.

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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.

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Empowering CPO

FEBRUARY 11, 2024

At EmpoweringCPO, we understand the pivotal role it plays in optimizing the supply chain, reducing costs, and fostering long-term competitiveness. This intelligence empowers decision-makers to proactively adapt their sourcing strategies, ensuring resilience and agility in the face of market fluctuations.

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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. The ultimate goal of SCM is to reduce costs while satisfying customer demands.

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Supply Chain Opz

JUNE 1, 2014

Professionals in supply chain 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 supply chain case studies, analyzed/categorized them by industry and the findings are presented.

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Una

JANUARY 8, 2024

Boosting Business Growth With the Help of a Group Purchasing Organization A playbook for boosting business growth, moving beyond the outdated perceptions of procurement, and turning it into one of your organization’s most important sources of value. What if procurement wasn’t just about cutting costs and securing deals?

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NLPA (Next Level Purchasing Association)

APRIL 5, 2023

With the increasing complexity of supply chains and the growing importance of sustainability and social responsibility, the role of procurement professionals has become more critical than ever. However, failing to strategically measure purchasing performance can have significant impacts.

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Arkestro

JUNE 20, 2023

You may face challenges such as choosing reliable suppliers, controlling costs, and managing orders. Research-backed procurement strategies can help CFOs achieve their goals while minimizing risk exposure across global supply chains. This is where cross-department collaboration comes into play.

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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. They are usually readily available in the market, and their purchase does not significantly affect the company’s profitability.

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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. Effective inventory management reduces costs for you, and for the consumer means faster delivery and lower shipping charges. Subscribe Here! Email Address. Get Our EBOOK HERE.

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Zycus Cognitive Procurement

JANUARY 24, 2023

With new legislation being introduced for 2023 in Europe, such as the Supply Chain Due Diligence Act (SCCDA), CPOs and other procurement and sourcing leaders need to devise an agile procurement strategy to ensure compliance. Tracking supplier performance: For improvement, measurement and analysis is important.

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Arkestro

MAY 9, 2023

Yet challenges like the COVID-19 pandemic, global supply chain disruptions, and the economic downturn have all limited and slowed down the next phase in procurement transformation. As an increasing number of companies prioritize cost containment, the pressure is on for procurement.

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Arkestro

SEPTEMBER 19, 2023

While certain industries continue to work around rising prices and supply disruptions, others are trying to take advantage of downward price pressures. Couple these with a broader climate of economic volatility and talent scarcity, and CPOs and heads of Manufacturing and Supply Chains have their work cut out for them.

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Arkestro

DECEMBER 12, 2023

A McKinsey survey found that 79% of shoppers are “trading down” this season, meaning they’re swapping purchases for cheaper alternatives or avoiding spending completely. When broken down by generation, Gen Z is the most likely to tighten their budget, while Gen Xers and Boomers are more likely to splurge.

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Empowering CPO

JULY 16, 2023

Through our technologically advanced and innovative approach, we have been successful in helping businesses reduce costs, optimize supplier relationships, manage procurement risks, and ultimately drive profitable growth. With EmpoweringCPO, your procurement processes are not just managed; they’re transformed and empowered.

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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)). Bowersox, David J.

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Una

OCTOBER 9, 2023

DOWNLOAD PLAYBOOK Table of Contents Introduction In procurement and supply chain, staying ahead of the game is not just a goal – it’s a necessity. Strategic sourcing takes into account a few key concepts: Total Cost of Ownership TCO shows how strategic sourcing looks beyond the initial purchase price.

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ivalua

SEPTEMBER 26, 2016

It generally goes something like this: “If we can promote greater cross-functional teamwork, engage our suppliers more effectively and share important information more broadly, we can improve profitability, get to market faster, serve our customers better, etc.”. Great stuff.

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Supply Chain Game Changer

NOVEMBER 13, 2018

And What is Purchasing? From the starting point of the traditional buy-sell, transaction-based purchasing, the practice has moved through stages of change that redefines most aspect of the business. The fundamental objective of any organisation is lowering the cost of goods manufactured. Today reducing cost is no longer enough.

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