Procurement Heads

APRIL 27, 2023

Collaboration and stakeholder engagement are much-used terms within procurement teams. I think collaboration is key for all functions across companies, especially in global organisations that often have matrix structures. Also key was demand planning, matching our purchasing plans with the ever-changing demand situation.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain budgeting Stakeholder engagement Supply chain 130

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.

Collaboration 66

Collaboration Supply Chain Optimization Agile and Lean Supply Chain supply chain budgeting 66

Spend Matters

MAY 8, 2023

The most significant enhancement is the new ‘Coupa supply chain collaboration’ solution. The intention is that by creating a user-centric collaboration layer between buyers and suppliers on top of the Coupa platform and infrastructure, the solution will streamline and enhance collaboration while decreasing operational business risks.

Spend management 75

Spend management Management Real-time Visibility Collaboration 75

ivalua

JULY 27, 2015

That said, I concede that Pierre made some very good points about the confusion created by the traditional upstream/downstream, linear way of thinking about sourcing and supplier management. I’m going with Supplier Value Management. Let’s get busy working on Supplier Value Management.

Leadership 100

Leadership Suppliers Strategic sourcing Strategic sourcing 100

Arkestro

APRIL 23, 2024

Dramatically improving the internal customer experience and supplier experience. Enhancing supplier performance. However, poor data can lead to unrealistic expectations around price and cost transformation with suppliers. In these cases, it’s helpful to perform a looking-back analysis on historical demand forecasts.

Procurement 52

Procurement Procurement team Quality Demand Planning 52

Procurement Tactics

MARCH 27, 2023

Effective price forecasting can also help businesses to predict when the price of products increases or decreases may affect customer demand. Forecasting enables companies to have better insights to make robust strategic planning that will ensure that suppliers can meet your demand.

supply chain budgeting 192

supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 192

IBM Supply Chain Blog

FEBRUARY 19, 2024

Supply chain disruptions are caused by a variety of factors, from pandemics, natural disasters and political instability to supplier bankruptcy and IT failures. To mitigate these risks , companies need the resources and technology to develop robust contingency plans.

supply chain software solutions 86

supply chain software solutions Supply chain management Supply chain management Supply Chain Efficiency 86

Supply Chain Trend

FEBRUARY 5, 2024

To this special feature I wrote a commentary, highlighting The Limitations of Forecasts and Plans on Decision Making and the changing role of the forecaster/planner. Or shall we just forget about that, decide that this new type of human-machine collaboration is too hard for forecasters and planners? Picture credit

Demand Planning 60

Demand Planning Demand Supply chain Collaboration 60

SCMDOJO

AUGUST 16, 2023

The retail giant has strategically adopted various IT initiatives to optimize its operations, enhance collaboration with suppliers, and achieve real-time inventory targeting. This system facilitates seamless communication and coordination between Walmart and its supply chain partners, including suppliers and distributors.

Supply Chain Efficiency 74

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization Supply chain 74

SCMDOJO

MARCH 19, 2024

While Its primary purpose is to manage the entire process, from procurement to delivery, efficiently and cost-effectively, it also coordinates with production to automate processes and planning, etc. Improved Customer Satisfaction A structured department is better equipped to handle customer demands.

Supply Chain Optimization 74

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 74

SCMDOJO

JUNE 21, 2023

SCaaS providers typically use advanced technologies like artificial intelligence, machine learning, and blockchain to improve visibility, traceability, and collaboration across the supply chain. However, many companies lack awareness regarding supplier onboarding, selection, and S&OP with supplier management.

Supply Chain Optimization 89

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting supply chain software solutions 89

SCMDOJO

DECEMBER 14, 2023

These agencies are experts at finding good suppliers, talking about fair deals, and making sure everything gets to where it needs to be. Team Dynamics: Comprises a team of experts, providing a collaborative approach to sourcing solutions. It makes the job of getting goods and services easier. When do you need the Sourcing Agency?

Sourcing 73

Sourcing Supply Chain Efficiency Supply Chain Optimization Negotiation 73

Procurement Heads

MARCH 27, 2023

We’re responsible for the supplier management and then supporting the business in contract management as well. We are having to become much more agile in our approach because suppliers are less willing to hold their pricing. Procurement has to work with suppliers to help them to reduce their cost base through value engineering.

Sustainability 246

Sustainability Agile and Lean Supply Chain Influencing Procurement 246

Supply Chain Game Changer

AUGUST 26, 2021

Every single organization I have been a part of has been dependent on Excel spreadsheets for order tracking and expediting – and in some cases – even demand planning. Buyers and expeditors alike tend to place Purchase Orders with suppliers and then check the box as if the task is complete. Supplier pulls from stock

Supply Chain Visibility 103

Supply Chain Visibility Real-time Visibility e2e Agile and Lean Supply Chain 103

Supply Chain Trend

AUGUST 13, 2020

I believe that the human aspect remains critical and that our ability to collaborate with machines becomes central to a supply-chain planners’ role. The workforce must prepare itself for increasing human-machine collaboration. Here, communication, collaboration, and alignment is essential before decisions are made.

supply chain software solutions 147

supply chain software solutions Supply Chain Optimization supply chain budgeting Supply chain 147

NLPA (Next Level Purchasing Association)

JUNE 23, 2022

In this broader perspective, the process includes executive S&OP, Material Requirements Planning, Master Scheduling, Plant and Supplier Scheduling, Manufacturing Capacity, Outsourcing, Distribution and other detailed planning/coordination (1). Link strategic planning with day-to-day sales and operational activities.

Demand Planning 52

Demand Planning Demand supply chain budgeting Strategic planning 52

Empowering CPO

JUNE 26, 2023

By embracing these trends, businesses can unlock a world of opportunities, drive cost savings, enhance supplier relationships, and ultimately achieve procurement excellence. Procurement data encompasses a wide range of information, including historical spend, transaction details, contracts, supplier information, and market intelligence.

Real-time Visibility 40

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

Procurement Heads

MARCH 27, 2023

We’re responsible for the supplier management and then supporting the business in contract management as well. We are having to become much more agile in our approach because suppliers are less willing to hold their pricing. Procurement has to work with suppliers to help them to reduce their cost base through value engineering.

Sustainability 130

Sustainability Agile and Lean Supply Chain Influencing Procurement 130

Empowering CPO

JUNE 27, 2023

By collaborating with EmpoweringCPO, you gain access to our proprietary technology and tools that enable advanced analytics, data visualization, and automation. We will explore cost reduction opportunities, supplier performance enhancement, risk mitigation, and compliance assurance. But don’t just take our word for it.

Procurement 40

Procurement Supply Chain Optimization Supplier consolidation Procurement strategies 40

SCMDOJO

NOVEMBER 17, 2023

Cross-functional Collaboration: People in Supply chain roles coordinate with people from other departments. Working collaboratively with large teams adds an extra layer of excitement to the journey. Another reason to love a supply chain career is the ever-changing landscape of problems to solve.

Agile and Lean Supply Chain 70

Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency Supply chain 70

Supply Chain Collaborator

JUNE 4, 2019

Demand Planning – Using forecasts and data captured via prior business experiences to estimate demand for various items at various points in the supply chain. Blockchain tech can be used to provide “one version of the truth” with respect to freight movements, and other supply chain functions.

Supply chain management 74

Supply chain management Supply chain management supply chain software solutions Supply Chain Efficiency 74

Let's Talk Supply Chain

JUNE 1, 2023

By creating a collaborative environment of end-to-end efficiency, companies can shore up back-office activities such as paying bills, processing orders, and collecting cash, while transforming the way customers and suppliers interact within your organization.

Supply Chain Optimization 52

Supply Chain Optimization Supply chain automation Supply Chain Efficiency Supply chain 52

The Network Effect

DECEMBER 5, 2014

Prior to today’s advanced capabilities around Demand Driven Value Networks, the prevailing strategy was to implement Collaborative Planning, Forecasting, and Replenishment (CPFR). The KanBan binning technique is designed to provide discrete quantities the supplier must monitor and use to calculate required shipment quantities.

Supply Chain Optimization 71

Supply Chain Optimization Agile and Lean Supply Chain Demand Supply chain 71

The Procuretech Podcast

FEBRUARY 22, 2022

Data may have changed by the time you have tried to update and work collaboratively on an Excel and email-based project. Direct material supply chains often have added layers of complexity, where you need to understand relationships beyond your 1st tier suppliers. Demand planning. Spend analytics.

supply chain software solutions 40

supply chain software solutions Supply Chain Efficiency Innovation Supply chain 40

Procurement Heads

AUGUST 11, 2022

I am an extrovert, so it was very easy for me to picture myself doing those negotiations with suppliers. If we look at how specialised supply chain is, the specialism required to perform jobs like demand planning, supply planning, employee retention and relationships are vital.

supply chain budgeting 130

supply chain budgeting Supply Chain Efficiency Supply chain Leadership 130

Supply Chain Game Changer

OCTOBER 12, 2021

I hold people, suppliers, and teams accountable for delivering on their commitments. You will be paid back tenfold in staff, management, supplier, and client loyalty. As a woman, I am an advocate for gender equality, wage parity, workplace and supplier diversity, and professional development through mentoring and job coaching.

Leadership 105

Leadership Supply Chain Efficiency Supply chain Distribution channels 105

Supply Chain Game Changer

NOVEMBER 13, 2018

It is an umbrella term which encompasses the end-to-end aspects of Finance, Operations, Development, Sales, Manufacturing, Distribution, Customer Management, Supplier Management, Technology and I/T. In essence, supply chain management integrates supply and demand management within and across companies. Source: [link] ).

Supply chain management 72

Supply chain management Supply chain management Supply Chain Optimization supply chain software solutions 72

Supply Chain Opz

JANUARY 17, 2017

Where reliability is key, management of uncertainty may require closer collaboration with external parties and optimization of end-to-end (E2E) inventory levels aligned to segmented trade-off between service level and cost. Equally, lack of visibility adds to uncertainty. This ability to “bob and weave” becomes critical.

e2e 40

e2e Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization 40