World of Procurement blog

MAY 8, 2024

Value-add : Procurement aims to add value by optimizing processes, consolidating spend, and building supplier relationships. Metrics : Procurement tracks savings, efficiencies, supplier performance, and risk. Mitigates risk by selecting reliable suppliers, managing supplier relationships, and ensuring continuity of supply.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Procurement Tactics

AUGUST 25, 2022

In 2022, he was awarded the Special Mentioned Individual Award by Supply Chain Asia for his contribution to the national emergency procurement for the Covid-19 operation. Furthermore, He was voted by Supply Chain Digital as one of the top 10 procurement executives worldwide. Trillion budget. . He began his career at A.T.

Procurement 231

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

Procurement Tactics

JULY 2, 2023

Sustainable Procurement Maintain high profitability while moving toward sustainability 4. A formal contract document that contains the detailed requirement for purchasing and obtaining goods and services, a job order is utilized with a view to ensuring that the desired goods or services are acquired in an orderly and efficient way.

supply chain budgeting 184

supply chain budgeting Supply Chain Efficiency Negotiation Budget 184

Procurement Tactics

JUNE 8, 2023

A purchase order clearly specifies the details of the purchase, such as the quantity, description, and price, ensuring there are no misunderstandings between the buyer and the seller. Furthermore, purchase orders contribute to efficient inventory management. Its primary function is to communicate the amount owed by the buyer.

Purchase orders 130

Purchase orders Purchasing Buyers Quantity 130

SCMDOJO

DECEMBER 14, 2023

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

Supply Chain Game Changer

OCTOBER 8, 2019

Subscribe to Supply Chain Game Changer. A truly efficient and effective Supply Chain must include a strategy, plans, business processes, and performance metrics that incorporate disintermediation and the elimination of waste! Why Disintermediate the Supply Chain? Subscribe Here! Email Address.

Agile and Lean Supply Chain 63

Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization Supply chain 63

Supply Chain Game Changer

NOVEMBER 10, 2018

Brands labeled with Green Supply Chains have started becoming synonymous with sustainability, trustworthiness, quality and forward thinking. The concept of GSCM (Green Supply Chain Management) is to integrate environmental thinking into supply chain management (SCM)” ( Chin 2015 ). Genius really.

Supply Chain Efficiency 46

Supply Chain Efficiency Supply Chain Optimization Sustainability Supply chain 46

Supply Chain Opz

MARCH 6, 2015

As pressure to improve supply chain cost performance increases for many companies, the evaluation and selection of competent suppliers becomes a key concern. In this article, Professor Burcu Keskin from University of Alabama will share 7 trends that procurement and supply chain management professionals should watch.

Supply Chain Optimization 111

Supply Chain Optimization Supply Chain Efficiency Supply chain e2e 111

Spend Matters

OCTOBER 19, 2023

Maintain clear momentum and sustainability. Calculum — Calculum is a cloud-based analytics solution that specializes in optimizing payment terms. It currently supports buyers (suppliers are on the roadmap) and can be integrated into procurement and accounts payable IT solutions. Have 5+ customers.

Supply Chain Optimization 88

Supply Chain Optimization Supply Chain Efficiency Procurement team Buyers 88

Let's Talk Supply Chain

MAY 14, 2023

Flexport is building the platform for global logistics, empowering buyers, sellers and their logistics partners with the technology and services to grow and innovate. 14.43] An overview of Flexport, what they do and how they help their customers; their mission to improve the supply chain industry; and what sets them apart.

e2e 59

e2e supply chain budgeting Supply Chain Optimization supply chain software solutions 59

IBM Supply Chain Blog

JANUARY 22, 2024

Now, advancements in hardware and software as well as increased focus on sustainability are driving rapid transformation. Gartner predicts data center teams will adopt cloud principles even for on-premises infrastructure to help optimize performance, management and cost.

Data 110

Data Sustainability Innovation Buyers 110

Una

MAY 7, 2024

By estimating the reasonable cost of a product or service, buyers can challenge suppliers’ pricing proposals and negotiate more effectively to secure fair and competitive prices. It enables organizations to explore areas for optimization, value engineering, and process improvements to drive cost reduction initiatives.

Procurement 52

Procurement Price Negotiation Supply Chain Efficiency 52

IBM Supply Chain Blog

DECEMBER 12, 2023

An IBM CEO study , based on interviews with 3,000 CEOs worldwide, reveals that CEOs who successfully integrate sustainability and digital transformation report a higher average operating margin than their peers. This study underscores the transformative potential of aligning businesses with sustainable practices.

Management 77

Management Sustainability Strategy Strategic planning 77

Supply Chain Game Changer

MARCH 9, 2022

Subscribe to Supply Chain Game Changer. Procurement operations are the backbone of every company’s supply chain. Fundamental to procurement is the acquisition of goods and services from a party that’s further up the supply chain. Subscribe Here! Email Address. Operational Procurement.

Procurement 108

Procurement Supply Chain Efficiency Supply Chain Optimization supply chain budgeting 108

NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

A successful procurement transformation involves a strategic overhaul of processes, technologies, and approaches to achieve greater efficiency, cost savings, risk management, and value creation. Automation increases efficiency and reduces errors, leading to faster and more accurate procurement cycles.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

Supply Chain Collaborator

AUGUST 15, 2017

Concerns about food safety and, perhaps more critically, sustainable food production are behind the Food Safety Modernization Act (FSMA) currently being implemented in the United States. How do supply chain technologies help achieve both safety and sustainability in our food supply?

Sustainability 60

Sustainability Supply Chain Optimization Route optimization Supply Chain Efficiency 60

Supply Chain Game Changer

AUGUST 5, 2021

Subscribe to Supply Chain Game Changer. Smart, smooth, safe & sustainable Supplier Management will require shifts in strategy, process & systems, and these kinds of foundational shifts require champions of change. Ounces | Sustainable Procurement Initiatives. Subscribe Here! Email Address. I love cooking.

Suppliers 98

Suppliers Management Supply Chain Efficiency Agile and Lean Supply Chain 98

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

Positive Purchasing

SEPTEMBER 5, 2023

Jonathan: We set the business up because we were convinced the World needed and was ready to embrace sustainability in both immediate suppliers and right down their extended supply chain – and a heap of conversations with prospective clients confirmed that this was indeed the case. How do we manage risk?

supply chain budgeting 69

supply chain budgeting Category management Negotiation Sustainability 69

Pipefy

JANUARY 9, 2023

Supply chain risks heightened by geopolitical conflict. A recent survey of procurement and supply chain leaders found that 32% of procurement teams admitted to cutting corners with their sourcing criteria and suppliers to secure supply. Uncertain global markets. Layoffs and hiring freezes.

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Procurement Procurement team Supply Chain Efficiency 59

Let's Talk Supply Chain

SEPTEMBER 19, 2022

Today I’m joined by MODIFI , a forward-thinking global financial services technology brand who are on a mission to reinvent global commerce – despite supply chain disruption. 12.13] A closer look at how MODIFI works for buyers, how it helps to mitigate risk, and the many benefits. It’s a very neat solution!”.

Supply Chain Efficiency 52

Supply Chain Efficiency Buyers Supply Chain Optimization Export 52

Empowering CPO

MAY 31, 2023

This not only leads to improved efficiencies and cost savings but also sparks innovation and creates opportunities for growth. In essence, SRM is a comprehensive approach to managing an enterprise’s interactions with the organizations that supply the goods and services it uses. Now, what are the benefits of effective SRM?

Supplier relationship management 52

Supplier relationship management Collaboration Suppliers Supply Chain Efficiency 52

Procurement Insights

NOVEMBER 23, 2023

Information technology plays a significant role in supporting relationships between the customer and the supplier using electronic data interchange to share data between both sides, this technology provides fast, accurate information and business efficiency to the firm ( Mulligan and Gordon , 2002).

Suppliers 61

Suppliers Buyers Risk management Supply Chain Optimization 61

SCMDOJO

MAY 18, 2023

The following is a business case highlighting the background, context and value proposition of SCMDOJO’s Expert Marketplace, a platform designed to connect businesses with specialized Supply Chain Expert Services. It is within this context that SCMDOJO’s Expert Marketplace was conceived.

Supply Chain Efficiency 102

Supply Chain Efficiency supply chain software solutions supply chain budgeting Supply Chain Optimization 102

IBM Supply Chain Blog

APRIL 25, 2024

This reality means that every brand in every industry with every business model needs to optimize the commerce experience, and thus the customer experience , to drive conversion rates and revenues. Making trust a priority requires building relationships through transparent commerce experiences.

Strategy 93

Strategy Ethics Purchasing Data 93

SPLC (Sustainable Purchasing Leadership Council)

MAY 29, 2019

Sustainable Purchasing Leaders Recognized in Portland. Leading organizations acknowledged for effective and impactful sustainable purchasing. The awards and awardees include: Leadership Award for Overall Sustainable Purchasing Program: . Leadership Award for a Special Sustainable Purchasing Initiative: . Air Liquide.

Leadership 40

Leadership Purchasing Sustainability Supply Chain Efficiency 40

Empowering CPO

JUNE 14, 2023

It’s no longer about simply obtaining goods and services at the lowest cost, but also about adding value to the organization, reducing risks, enhancing sustainability, and promoting social responsibility. This is not just about understanding the current trends, but about envisioning the future of procurement.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Pipefy

JANUARY 11, 2023

The need for efficient and error-proof procurement processes has never been greater. Following recent unprecedented events and disruptions, one thing has become clear: procurement optimization is no longer just about cost-effectiveness or efficiency. . What is a procurement transformation roadmap?

Strategy 52

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

Procurement Tactics

JUNE 30, 2023

This will eventually cause a negative impact in the lumber industry as the supply chain is plenty while the demand is below average. Furthermore, pandemic home buyers are expected to stay in their homes rather than move and buy expensive houses to keep their low mortgage rates. 3/4″x4x8 CDX Plywood priced at $30.29

Price 177

Price Suppliers Negotiation Quality 177

IBM Supply Chain Blog

FEBRUARY 12, 2024

Businesses that place the emotional needs of the buyer persona at the forefront of the customer experience strategy fosters great relationships. Get the ‘AI for Customer Service’ guidebook Trend 1: Sustainability for customer satisfaction A new generation of consumers creates a need for new approaches to customer relationships.

Sustainability 78

Sustainability Strategy Real-time Visibility Data 78

Supply Chain Game Changer

SEPTEMBER 28, 2022

Subscribe to Supply Chain Game Changer. For instance, you want to convert visitors into buyers or subscribers. Let your prospects find you; SEO optimization always works to the benefit of sustainable business growth. Originally written for Supply Chain Game Changer and published on August 1, 2022.

Real-time Visibility 85

Real-time Visibility Supply Chain Optimization Supply Chain Efficiency supply chain software solutions 85

Spend Matters

JUNE 19, 2023

I’ve seen top performers weighing preferred items/suppliers and offering customized filtering in search results to ensure visibility, use real-time support guidance in the form of conversational systems, enable AI/ML to personalize, recommend and keep sustainable purchases, prescribe savings and mitigate problems and risks.

Procurement solutions 87

Procurement solutions Procurement supply chain budgeting Real-time Visibility 87

Spend Matters

JUNE 19, 2023

It is often extended with information on certifications, financials (payment), and sustainability. I have seen top-performing vendors integrate with solutions for multi-tier supply chain mapping, check suppliers against multiple country-based blacklists and even verify ownership of bank accounts in many countries.

Suppliers 80

Suppliers Collaboration Buyers Supply Chain Optimization 80

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

Supply Chain Game Changer

NOVEMBER 22, 2018

Where is procurement, outsourcing, sourcing, supply chain, and purchasing going? Executive management is asking for quarterly miracles to reduce costs, yet they do not have the staff to properly conduct Request for Proposals for sustainable hard cost and soft cost reduction in dozens of areas. What are We Seeing Firsthand?

supply chain budgeting 63

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

Supply Chain Game Changer

MARCH 6, 2019

Subscribe to Supply Chain Game Changer. Due to globalization, growing consumer demands on transparency, the pertinence of sustainable development and technological advancements, procurement and supply chain professionals have been highlighted as an integral part of their organizations. Subscribe Here!

Procurement 50

Procurement Procurement team Supply Chain Efficiency Innovation 50

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