Claritum

JANUARY 25, 2019

However, Supply Chain Management technology is beginning to catch on with SMEs, largely because of the significant cost control benefits and the increasing emphasis on control of supply chains and the internationalisation of these supply chains. bid/tender evaluation and supplier selection.

Supply chain management 36

Supply chain management Supply chain management Supply Chain Efficiency Supply chain 36

NLPA (Next Level Purchasing Association)

SEPTEMBER 21, 2023

The modern business landscape is constantly evolving, and this dynamism is especially evident in the areas of purchasing and supply chain management. In today’s connected world, supply chains have become more complex, with global reach, sustainability concerns, and rapidly changing market dynamics.

Procurement 52

Procurement Supply Chain Optimization Supply Chain Efficiency Purchasing 52

Una

NOVEMBER 29, 2023

This can include implementing a formal Supplier Relationship Management (SRM) program, sharing your strategy with key suppliers, collaborating on cost-saving initiatives, and ensuring a reliable and efficient supply chain. Upgrade your skillset Invest time in upgrading your own skillset and that of your procurement team.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization Supplier relationship management Strategic sourcing 52

SCMDOJO

JULY 3, 2023

Choose between a broad overview of procurement and a focused course that focuses on certain topics like strategic sourcing, contract management, or supplier relationship management. Take into account things like your current skill level, desired improvement areas, and professional objectives. Category strategies development.

Cost of ownership 82

Cost of ownership Procurement Category management supply chain software solutions 82

Value Match

JULY 28, 2022

Bid Management. Organisations are starting to take note of the primary and secondary effects these wildfires will have on their supply chains. CDP have used a questionnaire to discover how many suppliers source from the Amazon. The post How are Wildfires Disrupting your Supply Chain? Categories.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply chain Supply Contract 52

ivalua

DECEMBER 5, 2019

Suppliers offer an excellent source of knowledge to help businesses rapidly innovate. This simply isn’t sustainable; as the collapse of Carillion last year showed , a relationship where suppliers are pitted against each other to reduce margins and lower their bids for unprofitable projects can have dire consequences. .

Innovation 221

Innovation Suppliers Procurement Collaboration 221

Barkers Procurement

AUGUST 10, 2023

Managing a supply chain involves working with a network of suppliers who are all connected via a centralised supply chain management process. Each supplier serves as a link that moves the product further along the chain. A blockage in the Suez Canal also caused chaos.

Agile and Lean Supply Chain 52

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

World of Procurement blog

JULY 27, 2021

We’d even go so far to say that the modern procurement pro doesn’t focus that much time on the actual buying, as roles have grown to focus on Supply Chain Management, Contract Management and Relationship Management. You’ll also notice that Procurement is often talked about as part of the Supply Chain.

Procurement 52

Procurement Procurement team supply chain budgeting Contract management 52

Una

NOVEMBER 14, 2022

Then, in the 1960s, the practice of competitive bidding became commonplace giving rise to trained procurement professionals. Some companies and organizations thought about the end-customer experience and strategic sourcing , but these concepts were more outliers than standard practice. Want a perhaps more reliable source of truth?

Procurement 98

Procurement Agile and Lean Supply Chain Supply Chain Efficiency Procurement team 98

SCMDOJO

FEBRUARY 13, 2023

To get the most out of any procurement team, all the associated key roles need to be filled with qualified individuals that understand both technology and the principles of supply chain management. Research other options to source the best value products and services. Review requests for proposals (RFPs).

Procurement 87

Procurement Chief Procurement Officer supply chain budgeting Supply Chain Efficiency 87

Planergy

OCTOBER 20, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Sourcing Supply Chain Management. An ROI, also called an Expression of Interest or EOI, is not a solicitation for bids but a way for organizations to gauge interest from potential suppliers.

Buyers 52

Buyers Supply Chain Efficiency Suppliers Price 52

Empowering CPO

JUNE 14, 2023

At its core, procurement is the process of finding, agreeing to terms, and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process. The value of using technology to track sales and inventory in real time for better supply chain management.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

SCMDOJO

DECEMBER 11, 2023

Data Collection and Aggregation: Procurement Data Sources: Gathers information from various sources such as invoices, purchase orders, and contracts. GRN Report: The “Goods Receipt Note (GRN) Report” is a vital document in procurement and supply chain management that tracks and details the receipt of goods or services.

Supply Chain Efficiency 16

Supply Chain Efficiency Purchase orders Procurement Bidding 16

SCMDOJO

FEBRUARY 29, 2024

Current State of Supplier Performance Management Nowadays, the interest in improving supplier performance management methods has increased due to the increase in global sourcing and that of the global economy in particular (Gordon Sherry R, 2008).

Suppliers 56

Suppliers Management Quality Import 56

Supply Chain Collaborator

MAY 23, 2018

Supply chain management leaders, especially in transportation, are under heavy fire from CFOs for the dramatic increases in freight spend that are eroding the profitability of shippers in every industry. “Freight spend is up 15% year over year and it is eating into the bottom line!

Supply Chain Efficiency 74

Supply Chain Efficiency Freight Audit supply chain budgeting Logistics 74

Spend Matters

JUNE 21, 2023

Read our previous coverage here: Carbon Management (Part 1): TechMatch launch, participating vendors and overall results Carbon Management (Part 2): Overview of solutions and strengths/weaknesses But, before going into the details of the update, let’s look at the current state of Carbon Management in procurement and supply chain management.

Management 52

Management Supply Chain Efficiency Data Collaboration 52

Arkestro

JULY 25, 2022

Typically under “S” you find pay equity, employee health and safety, company diversity, supply chain management, and social justice issues. Arkestro is able to include ESG factors like supplier diversity as part of the bidding process. Under the “S,” you’ll find a range of issues.

Data 52

Data Procurement Real-time Visibility Sustainability 52

Supply Chain Game Changer

NOVEMBER 24, 2018

Check out Outsourcing Sourcing! Those same companies, out of necessity, became more sophisticated and implemented Strategic Sourcing and Category Management, delivering substantial savings to their companies bottom line and even help capture innovation. Email Address. Permission to publish here provided by Jill Button.

Procurement 51

Procurement supply chain budgeting Contract Competitive bidding 51

Jaggaer

OCTOBER 8, 2019

We dealt with one of them in the previous article in this series: the need to integrate data across the full spectrum from source-to-pay. They should also extend this digitalization to supply chain management (supplier portal, webEDI, etc.) It identified a couple of key challenges. 4) The “Day of Digitalization”.

Procurement 40

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

Supply Chain Game Changer

AUGUST 15, 2019

You could also hire some just to test them out, or you could create bidding wars between them. Then, evaluate each one and choose the ones that will be great additions to your supply chain. Don’t compare a supplier of an important product component with a supplier of unimportant office supplies.

Suppliers 58

Suppliers supply chain software solutions Supply Chain Efficiency Supplier relationship management 58

Pipefy

JANUARY 31, 2023

B Bid A submission from a supplier or vendor containing a cost estimate for goods or services, usually in response to a business’ invitation to bid. Successful bids often contain the supplier’s past relevant projects as a proven track record of success and a detailed plan to deliver the product in a timely manner.

Procurement 52

Procurement Bidding Supply Chain Efficiency supply chain software solutions 52

Arkestro

MARCH 8, 2024

Professionally, I’ve been with Arkestro (shout out to Bid Ops!) from the very beginning, fully invested in both the product and the positive impact it can have on sourcing and procurement. As a working mom, I’m driven to show my sons that women can achieve anything!

Procurement 52

Procurement Leadership Data Innovation 52

Procurement Tactics

JULY 21, 2022

Procurement portals have shaped supply chain management drastically. Leverages competitive bidding. A procurement portal offers a variety of ways for stress-free bidding management. This course is a perfect fit for ambitious procurement & sourcing professionals. What is a Procurement Portal?

Procurement 147

Procurement Procurement solutions Competitive bidding Bidding 147

Supply Chain Game Changer

NOVEMBER 22, 2018

Where is procurement, outsourcing, sourcing, supply chain, and purchasing going? Some of the first-hand areas from small to large organizations have been: An $8 billion global company has been placing all items for bid each year to realize cost savings. Co-sourcing Aids L’Oreal Indirect Procurement.

supply chain budgeting 63

supply chain budgeting Procurement Supply Chain Efficiency supply chain software solutions 63

Arkestro

JANUARY 9, 2024

Federal and global regulations are forcing manufacturers to make fundamental changes in the way they source materials, use energy, and more. Sustainable bidding. As procurement teams strive to meet ESG initiatives and navigate continued economic and geopolitical uncertainties, supply chain resilience continues to be a top priority.

supply chain budgeting 52

supply chain budgeting Supply chain resilience Procurement Supply Chain Optimization 52

SCMDOJO

NOVEMBER 2, 2023

Effective supply chain management is essential for success in the dynamism and connectivity of modern companies. To accomplish this, you require the skills of supply chain experts who can manage the complexity and difficulties of today’s global supply chains. Connect Now!

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 59

Arkestro

AUGUST 22, 2023

While 88% of food, beverage, and agriculture supply chain leaders say they’ve improved their supply chain management after the pandemic, 73% also said that supply chain losses were “ higher or much higher than expected” in the last two years. Unfortunately, it’s not an unfounded fear.

Food and Beverage Supply Chain 52

Food and Beverage Supply Chain supply chain budgeting Supply Chain Optimization Supply Chain Efficiency 52

Supply Chain Collaborator

MAY 23, 2018

Supply chain management leaders, especially in transportation, are under heavy fire from CFOs for the dramatic increases in freight spend that are eroding the profitability of shippers in every industry. “Freight spend is up 15% year over year and it is eating into the bottom line!

Supply Chain Efficiency 17

Supply Chain Efficiency Freight Audit supply chain budgeting Logistics 17

The Good Spending

AUGUST 23, 2022

This post attempts to provide the most comprehensive view on procurement value and practical methods of its realizations compared to many other web sources replicating slogans and mystifying logical and straightforward concepts. This is one of the most potent revenue generation sources in any sizable deal negotiation. Availability.

Procurement 98

Procurement supply chain budgeting Supply Chain Optimization Budget 98

Planergy

JULY 21, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. It involves procuring services from outside sources and managing the relationship with supplier or service provider. Wasted Spend Without adequate supply chain management , organizations risk wasting a lot of money.

Management 52

Management Procurement supply chain budgeting Budget 52

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. Source: Accenture. Source: Accenture. And How Does it Work?

Supply Chain Efficiency 50

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

Procurement Software

JULY 4, 2023

Blockchain can be used across various industries, including both finance and end-to-end supply chain management. In the procurement space, however, where it comes into its own is the opportunities it offers for time stamped, fully auditable smart contracts, as well as for raw material traceability in the supply chain.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement supply chain budgeting 52

Supply Chain Game Changer

JANUARY 9, 2019

Further analyzing that spend can help you determine opportunities for implementing cost savings practices like supplier consolidation, strategic sourcing , and standardization. If we buy a customized product from a single source how will you know if the price is fair? You have easy access to price data points for comparison.

Procurement 68

Procurement Purchasing Negotiation supply chain software solutions 68

Supply Chain Game Changer

JANUARY 12, 2021

Source: bestbusinesscircle.com. Examples of fraud opportunities at all stages of the Supply Chain are enumerated by esourcingwiki.com. There are many different reasons why people commit fraud or perpetrate scams.

Supply chain 57

Supply chain Real-time Visibility Supply Inventory 57

Supply Chain Game Changer

NOVEMBER 9, 2018

Everything from predictive omnichannel software to an Uber for the notoriously backwards (as in, using faxes to make bids level of backwards) trucking industry will hopefully smooth out the lines in that bullwhip, passing along savings to consumers and giving more profit to companies at every step of the supply chain.

supply chain software solutions 42

supply chain software solutions Supply Chain Optimization Supply chain Networking 42