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
Ivalua Blog [ivory-search] Weathering Future Disruptions: 8 Steps to Building SupplyChainResilience 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. Create speed and transparency.
From this discussion, we compiled a list of 8 critical supplychainmanagement activities that to improve, build, and maintain supplychainresilience now and in the years to come. Navistar had a jump start on putting robust systems in place, but their suppliers didn’t. Why is visibility so important?
Blog » Procurement on the Thames: Ivalua’s London Summer Symposium June 26, 2023 | | Thought Leadership by Eloise Barnum As businesses navigate through supplychain disruptions, high inflation, and sustainability initiatives, procurement, and suppliermanagement has taken center stage in driving change.
This Spend Matters Vendor Analysis gives an overview of Forestreet, a supplier discovery solution. In a world that feels like it is constantly teetering on the edge of chaos or permacrisis, procurement professionals must master uncertainty by building resilience and agility. This content is for members only.
A Fortune 500 CPG company partnered with GEP to improve end-to-end categorymanagement, optimize direct spend categories, and increase strategic focus on tail spend. The result was a year-over-year savings of more than 3%.
They discussed the impact of the Covid-19 pandemic on Procurement and came up with this list of 8 critical supplychainmanagement activities that can help Procurement teams build and maintain supplychainresilience now and in the years to come. Why is visibility so important? Create speed and transparency.
Supplier diversity programs are something many procurement professionals in the United States (U.S.) These programs are as familiar to procurement professionals as concepts like spend analysis or categorymanagement. businesses proudly maintain robust supplier diversity programs.
Supplier Collaboration: Fundamental to Elevating Manufacturing Performance Supplier relationships are at the heart of manufacturing performance. That’s why supplier collaboration—that consistent, trusted, and responsive interaction between supplier and manufacturer—is pivotal to manufacturing success.
Complete Source to Pay cycle and Strategic Sourcing Guide An optimized Source-to-Pay (S2P) process helps businesses enhance procurement efficiency, reduce costs, and improve supplier collaboration. Steps, Benefits, and Best Practices S2P covers the entire procurement lifecycle, from supplier selection to final payment.
They may not consider potential issues of integrations, supplier onboarding, supplychain data management, change management and system optimization, all of which add to complexity and costs. Providing an Amazon-like experience increases user adoption. Demand planning capabilities.
However, implementing sustainable sourcing is challenging because there are no clear criteria against which to evaluate supplier sustainability, and it is difficult to track whether suppliers are delivering on their green commitments. Limited tech adoption Procurement technology adoption in the public sector is slow.
This partnership enables companies to enhance supplier engagement, align ESG goals with business objectives, and achieve measurable progress in their decarbonization efforts. Procurement stands at the center of several competing aims and objectives: cost savings, compliance, reputation, innovation, finance and supplychainresilience.
Targeted Learning: SCMDOJO offers a range of courses and learning paths focusing on specific procurement areas, such as e-auctions, contract negotiation, cost optimization, and supplychainresilience. This allows you to tailor your learning to your particular needs.
We spend about a billion pounds each year through our supplychain of approximately 500 suppliers. I have a team of 30 people with end-to-end categorymanagement responsibility. Procurement and suppliermanagement are carried out by separate teams under my leadership.
Procurement has had massive challenges and targets over the past year: Managing inflation. Reducing supplier risk. Ensuring continuity of supply. Companies Will Scale Their Procurement Knowledge Base and Enablement Programs To Attract and Retain A New Profile of CategoryManagement Talent. Reducing spend.
Definitely areas like supplychainresilience, which is a big topic at the moment; we have undertaken a lot of supplychain mapping and created a lot of real-time data and if factors were to happen, what an organisation and procurement should do to counteract them.
Deep knowledge of procurement, sourcing, vendor management, and categorymanagement in different categories. Strategic supplier-partner relationships/partnerships are essential. Maryna has: 5 years of experience in procurement training and consulting. Dyci’s Perspective: Process and people before technology.
It’s a strategic function that involves understanding market trends, analyzing suppliers, negotiating contracts, and managing relationships, among other tasks. Procurement is central to a business’s operations, with a purpose that encompasses cost-efficiency, quality control, risk management, and strategic sourcing.
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