Una

MARCH 14, 2023

Characteristics of a Procurement Intrapreneur Discover the characteristics of a procurement intrapreneur, and explore why intrapreneurship and group purchasing go so well together. Several key characteristics make the procurement intrapreneur a driving force for influencing positive change and innovation within an organization.

Procurement 97

Procurement Purchasing Innovation Risk 97

Solvoyo

NOVEMBER 7, 2018

Supply Chain is a core business function tasked to manage multiple business operations such as production, inventory, order fulfillment, and transportation simultaneously. In fact, the supply chain people are expected to be super-heroes. How can they manage all this simultaneously?

Supply Chain Optimization 40

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain supply chain budgeting 40

Una

APRIL 11, 2023

The ERP “one source” database contains all the information needed to run the business, as well as various modules that correspond to different business functions, such as finance, manufacturing, human resources, customer relationship management, and procurement. billion by 2025. billion in 2020) Oracle ($40.48

supply chain software solutions 98

supply chain software solutions Real-time Visibility Supply Chain Efficiency Raw materials 98

Una

JANUARY 1, 2024

Identify your serial mavericks – those who consistently purchase without following procurement policy – and approach them for a chat. Resources to help: 8 Benefits of Reducing Maverick Spend How to Optimize Your Spend with a Strategic Sourcing Process 6 Ways to Manage Maverick Spend How to Control Your Wildest Maverick Spenders 3.

Procurement 52

Procurement supply chain software solutions Contract Suppliers 52

The Network Effect

MARCH 4, 2015

The chains of habit are too weak to be felt until they are too strong to be broken.” – Samuel Johnson. It’s 1934 and in a dark, dingy basement on the lower east side of New York, a fundamental principle of change management would emerge, from the unlikeliest of sources. There is no need to optimize – just go with the flow!

Retail Supply Chain 63

Retail Supply Chain Supply Chain Optimization Supply chain Change management 63

Pipefy

JANUARY 11, 2023

Following recent unprecedented events and disruptions, one thing has become clear: procurement optimization is no longer just about cost-effectiveness or efficiency. . This shift has become necessary as procurement departments are tasked by management with new strategic duties. Complex purchasing systems (31%).

Strategy 52

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

Supply Chain Game Changer

JANUARY 10, 2019

Article provided to Supply Chain Game Changer by Katalin Brennan at Eyvo E-Procurement. In a 2017 study of team personality , researchers pointed out the importance of having a good mix of personalities to achieve optimal team performance. procurement #purchasing #leadership #transformation #change. Subscribe Here!

Procurement 61

Procurement Agile and Lean Supply Chain Procurement team Supply Chain Optimization 61

Empowering CPO

JUNE 14, 2023

These models are often accompanied by practices such as annual rate contracts, bulk buying, and just-in-time purchasing. Market volatility, globalization, and changing customer expectations have made procurement more complex than ever before. Case Studies of Innovative Procurement A.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

ivalua

DECEMBER 8, 2020

Natacha Trehan, who leads the Purchasing Master’s degree at the University of Grenoble Alpes, will deliver a keynote providing further insights based on her experience working with and advising dozens of procurement organizations over the past decade. Technology has become easier to use and leaders place more focus on change management.

Procurement 130

Procurement Leadership Innovation Agile and Lean Supply Chain 130

Empowering CPO

JUNE 27, 2023

Within this domain, spend analysis plays a pivotal role in enabling informed decision-making and optimizing procurement processes. Spend analysis involves the systematic examination of purchasing data to gain insights into spending patterns, supplier performance, and potential areas of improvement.

Real-time Visibility 40

Real-time Visibility Supply Chain Efficiency Supply Chain Optimization Data 40

IBM Supply Chain Blog

APRIL 21, 2023

As many as 4 out of 10 finance leaders surveyed are already piloting, implementing or optimizing AI in key areas, including financial planning and analysis, order to cash, general accounting and reporting, and purchase to pay. These economic headwinds necessitate that CFOs act with urgency in their transformation efforts.

Innovation 81

Innovation Sustainability Business strategy Change management 81

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)).

Supply Chain Efficiency 131

Supply Chain Efficiency Agile and Lean Supply Chain Logistics Supply Chain Optimization 131

Supply Chain Game Changer

NOVEMBER 17, 2018

At Supply Chain Game Changer we believe in sharing experiences and expertise from people in every industry and from across the globe. As such we have introduced our “Seasoned Leadership in Action ” Interview series at Supply Chain Game Changer. This was my first foray into the world of supply.

Leadership 74

Leadership Supply Chain Optimization Supply chain Sustainability 74

Empowering CPO

JUNE 22, 2023

Spend analysis, a cornerstone of procurement and supply chain management, is the process of collecting, cleansing, classifying, and analyzing expenditure data with the goal of reducing procurement costs, improving efficiency, and monitoring compliance. But how do we fuel the engine of strategic sourcing?

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

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.

Strategy 52

Strategy Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

Procurement Insights

OCTOBER 26, 2023

As you read the title of today’s post, you may wonder what maverick spend, vendor rationalization and change management have to do with user adoption and AI Chatbots. The simple answer is the end of maverick spend , vendor rationalization , and change management. Back To Square One?

Change management 58

Change management Management Contract Buyers 58

SCMDOJO

MARCH 7, 2023

But in case you haven’t come across it yet, let us briefly touch on what it is and its concept regarding supply chain management and what Transactional Process Improvement Kaizen really is. It comprises the Japanese words Kai which refers to “change”, and Zen which means “for the better”.

Agile and Lean Supply Chain 88

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Supply Chain Optimization 88

SCMDOJO

FEBRUARY 29, 2024

It is arguably true that supplier performance management is considered a business practice for measuring, analyzing, and managing supplier performance to reduce cost, and risk and also drive continuous improvement. Managing and optimizing a supplier’s performance is as essential as it is difficult.

Suppliers 55

Suppliers Management Quality Import 55

Supply Chain Game Changer

FEBRUARY 15, 2022

Subscribe to Supply Chain Game Changer. For many people who work in Supply Chain Management, or for those on the outside, it functions on the foundation of processes, formulae, and metrics. This is very much the core of Supply Chain education and certification as well. Subscribe Here! Email Address.

Supply chain management 92

Supply chain management Supply chain management Supply Chain Optimization Agile and Lean Supply Chain 92

ivalua

FEBRUARY 25, 2021

ERP vs. Best-in-Class for Healthcare Supply Chain Management? Are ERP systems better than best-in-class supply chain solutions for managing healthcare supply chains? That’s the question we set out to answer in our recent panel discussion with Procurement and Supply Chain experts.

supply chain budgeting 221

supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 221

Supply Chain Game Changer

NOVEMBER 15, 2018

And What is Purchasing? Some departments or remote facilities may want to keep managing negotiations on their own. And Group Purchasing Organizations (GPOs) are specifically designed to deliver benefits from Spend Aggregation. Without a proper Change Management program this can often be the greatest obstacle of all.

Procurement 43

Procurement Negotiation Purchasing Procurement team 43

Supply Chain Game Changer

MARCH 6, 2019

Subscribe to Supply Chain Game Changer. But, when my mom was buying a new vehicle, she didn’t decide to scrap the vehicle from 1993 and purchase one from 1995. Procurement is a business function that has undergone a lot of change in the last few years. Say I purchase a car. Subscribe Here! Email Address.

Procurement 50

Procurement Procurement team Supply Chain Efficiency Innovation 50

Solvoyo

MARCH 5, 2021

For businesses of all sizes, the digital transformation of supply chain planning became the most important initiative. . Considering this surge in digital transformation and the changing needs of 2021, here are some insights and tips for embarking on Supply Chain Digital Transformation projects.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency supply chain software solutions 52

Claritum

SEPTEMBER 27, 2018

The NfP also has a greater focus on adding social value to a supply chain. Whereas when we look at the goals and motivations of the FP sector (commercial businesses) there is more opportunity to re-define goals and change direction, with significantly less influence from external parties. In selecting suppliers. 3 Financials.

Supply Chain Efficiency 36

Supply Chain Efficiency supply chain budgeting Procurement Ethics 36

Empowering CPO

MAY 4, 2023

By effectively managing the purchasing process, companies can better control their expenditures and optimize their supply chain, ensuring the availability of the right products and services at the right time. Some of the key benefits include: 1. Develop a Comprehensive Procurement Strategy A.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

IBM Supply Chain Blog

APRIL 4, 2024

Conversely, it has a larger scope than task management, which deals with individual tasks, and project management, which handles one-time initiatives. Document-centric BPM is for efficiently managing documents and content—such as contracts—within processes.

Real-time Visibility 60

Real-time Visibility Management e2e Supply Chain Efficiency 60

Procurement Leaders

JUNE 1, 2022

The 18-strong procurement finance team is responsible for tracking savings and cost avoidance, as well as handling matters such as working capital, payment terms and supply chain finance. They achieved this by: Offering extra supply chain finance support Implementing end-of-accumulation-period payment terms Renegotiating contracts.

Procurement 130

Procurement Strategic sourcing Strategic sourcing Leadership 130

Supply Chain Game Changer

SEPTEMBER 29, 2020

Subscribe to Supply Chain Game Changer. Featuring Our 10 Best Inventory Management Articles! Inventory management is a critical area for most companies. In our experience the best way to systemically, and sustainably, optimize inventory is to take a process based inventory turnover improvement approach.

Inventory 90

Inventory Raw materials Supply Chain Optimization Demand 90

IBM Supply Chain Blog

JUNE 30, 2023

Asset management is no exception— according to IDC , 30% of organizations are strategically addressing digital transformation in enterprise asset management (EAM) solutions with a view to longer-term change management. Other features like vendor and inventory management, reporting, analysis (e.g.,

Management 65

Management supply chain software solutions Supply Chain Optimization Supply Chain Efficiency 65

Strategic Sourceror

JUNE 21, 2022

In projects as big as ERP implementation, it's recommended to perform a thorough review of your data and sources, as well as carry out a full data cleanse to ensure optimal effectiveness. Brought to you by the StrategicSourceror.

supply chain budgeting 52

supply chain budgeting Supply Chain Optimization Strategic sourcing Strategic sourcing 52

Procurement Software

JUNE 13, 2023

Mid-market businesses, on the other hand, could invest in this software and easily see a quick return if they have the right change management and procurement talent in place. ProcurePort also offers specialist done-for-you services for managed reverse auctions and spend analysis.

supply chain software solutions 52

supply chain software solutions Contract management Contract Sourcing 52

Supply Chain Game Changer

NOVEMBER 17, 2018

You may be trying to aggregate spend within your company or across companies, or you are trying to outsource this to a Group Purchasing Organization (GPO). Or perhaps a Group Purchasing Organization (GPO) came knocking at your door with a compelling value proposition. A Change Management Program. All Rights Reserved.

Procurement 52

Procurement Purchasing Purchase orders Suppliers 52

Empowering CPO

JUNE 25, 2023

Whether you’re a procurement professional looking to improve your processes, a business leader seeking to optimize your spending, or simply someone interested in understanding the intersection of procurement and technology, this blog post has something for you. Globalization has made supply chains more complex and harder to manage.

Procurement 52

Procurement supply chain budgeting Real-time Visibility Supply Chain Efficiency 52

IBM Supply Chain Blog

DECEMBER 7, 2023

Finally, the optimized data gets stored in one location, where it can be accessed most readily. Effective change management can prevent strategy deviations, as could occur if staff members were to set up their own data centers independently of the new company policy. At least that’s the simple version.

Data 101

Data Strategy Management Inventory 101

Zycus Cognitive Procurement

JULY 29, 2021

From the EU GPP criteria facilitating the inclusion of green requirements in public tender documents to the Environmentally Preferable Purchasing (EPP) Program helping U.S. federal agencies purchase greener products and services, the public sector has taken the lead on green procurement. AI-driven technology to spearhead change.

Sustainability 40

Sustainability Procurement Agile and Lean Supply Chain Risk 40

Pipefy

DECEMBER 18, 2023

In the 2024 State of Procurement Data Report by Amazon Business, 95% of decision-makers surveyed acknowledge that there’s room for procurement optimization. A pivot towards simplifying complex data and process management. This means a solution that: Maintains oversight of purchasing patterns overalls.

Procurement 52

Procurement Agile and Lean Supply Chain Procurement team supply chain budgeting 52