Una

MAY 10, 2023

EPISODE 114 Creating a Difference in Sustainable Packaging with Cory Connors By Kelly Barner | May 10, 2023 As goods move through the supply chain, the amount of packaging that moves with them is mind boggling.

Sustainability 98

Sustainability Cost of ownership Sourcing Supply chain 98

Empowering CPO

FEBRUARY 11, 2024

Introduction In the ever-evolving landscape of procurement, organizations are turning to strategic sourcing services to navigate the complexities and achieve sustainable success. At EmpoweringCPO, we understand the pivotal role it plays in optimizing the supply chain, reducing costs, and fostering long-term competitiveness.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sustainability Sourcing 52

Jaggaer

APRIL 22, 2019

Earth Day (April 22nd) is a celebration of commitment to creating a safer, healthier and cleaner world, making it a natural time to reflect on the power and value of sustainable procurement programs. using a total cost of ownership strategy) and identify key risks (and related costs) to avoid.

Sustainability 91

Sustainability Supply Chain Efficiency Procurement supply chain software solutions 91

ivalua

MARCH 18, 2021

The Belgium-based automotive supplier, specialising in sustainable and affordable propulsion system solutions, deployed Ivalua’s platform in September 2020 for the sourcing of components for the DT2 program, within the company’s Joint Venture operations: Punch Powertrain PSA e-transmissions.

Strategic sourcing 246

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 246

SCMDOJO

JULY 3, 2023

In this course, you will explore various essential aspects, including the definition of Total Cost of Ownership, key considerations, the impact of the green economy, realities of the post-Covid supply chain, and a comprehensive cost calculation checklist. Total Cost of Ownership – Definition Lesson 2.

Cost of ownership 80

Cost of ownership Procurement Category management supply chain software solutions 80

Spend Matters

JANUARY 8, 2024

In 2024, this will require continued transformation as businesses look to increase resilience, swift value delivery, combatting inflation and sustainable procurement practices. As businesses seek greater control over risk, sustainability, availability and costs, some businesses are contemplating full backward integration in the value chain.

Procurement solutions 72

Procurement solutions Supply Chain Optimization Procurement Supply Chain Efficiency 72

Empowering CPO

FEBRUARY 1, 2024

As a trailblazer in the field, we lead the way with our innovative suite of services, offering organizations a strategic edge in achieving sustainable success. The result is not just cost savings but a holistic transformation that positions organizations for sustained success in an ever-changing business landscape.

Strategic sourcing 40

Strategic sourcing Strategic sourcing Sourcing Sustainability 40

Skill Dynamics

MARCH 12, 2024

Today’s competitive business landscape demands cost optimization tools that significantly move the needle. It’s about more than just cutting expenses; it’s about making strategic decisions that drive sustainable growth and create value.

Cost optimization 69

Cost optimization Cost of ownership Procurement Strategy 69

Empowering CPO

FEBRUARY 20, 2023

The Lot total should represent the Total Cost of Ownership for the buyer and should include all factors so as to ensure an apple-to-apple comparison. Hence it is important to have an optimum number of lots while designing a Lotting strategy. This would allow vendors to have a real picture of where they stand among all competitors.

Strategy 52

Strategy Cost of ownership Strategic sourcing Strategic sourcing 52

Una

NOVEMBER 1, 2022

The initial cost of goods is important, but strategic sourcing takes several other factors into account, which can include: Total Cost of Ownership Innovation Security of supply Quality Social responsibility Sustainability Total Cost of Ownership (TCO) shows how strategic sourcing goes beyond an item’s short-term purchasing pricing.

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 98

IBM Supply Chain Blog

JUNE 12, 2023

Understand the immediate power and sustained value of great architecture with embedded security controls and continuous monitoring. Done right, our take is that the cloud can deliver unparalleled benefits in performance and total cost of ownership without compromising resiliency, security and compliance.

Strategy 96

Strategy Cost of ownership Risk Data 96

IBM Supply Chain Blog

SEPTEMBER 11, 2023

Netezza SaaS is designed to simplify data migration, ensuring frictionless upgrades and the lowest Total Cost of Ownership (TCO). As businesses seek to navigate the complexities of the digital landscape, this partnership offers them a roadmap to data-driven AI solutions that fuel growth, innovation, and sustainable success.

Raw materials 115

Raw materials Innovation Cost of ownership Data 115

ivalua

MARCH 18, 2021

The Belgium-based automotive supplier, specialising in sustainable and affordable propulsion system solutions, deployed Ivalua’s platform in September 2020 for the sourcing of components for the DT2 program, within the company’s Joint Venture operations: Punch Powertrain PSA e-transmissions.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Buyers 130

Empowering CPO

FEBRUARY 20, 2023

For Procurement Organizations to truly become a strategic arm of their companies, some of the following are expected from them: Continuous Cost Reduction: They should be more efficient than their competitors in terms of buying goods and services, and their rates should be more efficient than their competitors.

Procurement 52

Procurement Cost of ownership Category management Sourcing 52

Procurement Tactics

SEPTEMBER 15, 2022

Sustainable Purchasing — The Ultimate Guide. Sustainable purchasing might be a term that many people are not familiar with. In this article, we will talk about what sustainable purchasing is. Additionally, we will tell you ways in enhancing sustainable purchasing strategy. . What is Sustainable Purchasing?

Purchasing 130

Purchasing Sustainability Cost of ownership Supply Chain Efficiency 130

ivalua

JULY 15, 2015

Strategic sourcing requires an intense focus on the total cost of ownership, while incorporating customer needs, organizational goals, and market conditions. Done well, strategic sourcing creates measurable and sustainable shareholder value by contributing to top line growth and bottom line profitability.

Strategic sourcing 147

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 147

SCMDOJO

APRIL 11, 2023

Supply Risk and Sustainability Management’ by NLPA In the NLPA’s “Supply Risk and Sustainability Management” course, participants will receive comprehensive training on supply disruption management. The course covers a wide range of topics related to supply chain risk and sustainability management.

Supply chain management 114

Supply chain management Supply chain management supply chain software solutions Supply chain 114

NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

This results in better negotiation outcomes, improved quality, reduced costs, and enhanced overall value delivery. By implementing the right initiatives and embracing change, organizations can unlock substantial benefits, from cost reductions and risk mitigation to enhanced supplier relationships and increased value delivery.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

Una

MARCH 16, 2023

With plenty of warning, the sourcing team could have taken a more holistic view of value, analyzed vehicle demand, dug into historical spend data, examined total cost of ownership, and moved the conversation beyond cost to align with other company goal such as sustainability or social outcomes.

Influencing 105

Influencing Procurement Cost of ownership Supplier relationship management 105

Una

JANUARY 30, 2023

For example, you could educate a stakeholder on why Total Cost of Ownership (TCO) matters, or explain the need to balance cost vs risk, or show them how their purchase could be an opportunity to engage with diverse suppliers.

Procurement 98

Procurement Cost of ownership Influencing Purchasing 98

NLPA (Next Level Purchasing Association)

FEBRUARY 29, 2024

These KPIs could include total cost of ownership, supplier delivery performance, or on-time in-full rates. Utilize these insights to inform sourcing decisions, track progress towards category goals, and identify areas for improvement.

Category management 52

Category management Management Procurement Supplier relationship management 52

Una

OCTOBER 12, 2023

Strategic Alignment The choice of sourcing strategy should align with broader business objectives such as market expansion, innovation, sustainability , or brand. Total Cost of Ownership (TCO): Consider the complete cost picture , including transportation, inventory holding, and quality control, when comparing sourcing options.

Supply Chain Optimization 52

Supply Chain Optimization Procurement Supply chain resilience supply chain budgeting 52

NLPA (Next Level Purchasing Association)

OCTOBER 17, 2022

A powerful methodology for business leaders, FMEA is an effective tool in to ensure we think through, understand, and prioritize sustainable strategic responses to issues that negatively impact our organizations. . FMEA stands for Failure Modes and Effects Analysis. It is prudent to conclude that not all business problems are equal.

supply chain budgeting 52

supply chain budgeting Risk Agile and Lean Supply Chain Risk management 52

Empowering CPO

JULY 16, 2023

Moreover, traditional procurement usually focuses on the price rather than the total value, which can result in overlooking critical factors like quality, service, and total cost of ownership. It integrates people, processes, and technology to optimize procurement operations, reduce total costs, and deliver value beyond just savings.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

Supply Chain Game Changer

JANUARY 14, 2020

I’ve made a career rethinking supply chain strategy, sales and operations planning, and talent management helping executives and their teams reimagine their approach to supply chain management by: 1) leveraging new ways of thinking about supply chain and sustainability in the world we share. I’ve changed my mind.

Leadership 66

Leadership Agile and Lean Supply Chain Supply Chain Optimization Supply chain 66

Supply Chain Game Changer

NOVEMBER 13, 2018

Strategic Sourcing is a proven approach to understanding and delivering significant cost reduction based on Total Cost of Ownership (TCO), building a sustained value – creating relationship with the suppliers and category spend reduction in order to create and sustain a competitive advantage.

Strategic sourcing 73

Strategic sourcing Strategic sourcing Procurement supply chain budgeting 73

Una

FEBRUARY 8, 2023

Consider purchasing from local suppliers Consider purchasing from local suppliers or participating in local procurement initiatives to reduce transportation costs and support the local economy. Evaluating the total cost of ownership for a product or service, rather than just the upfront price.

Procurement 59

Procurement Negotiation Contract Strategic sourcing 59

Una

JANUARY 8, 2024

The concept is fundamental to sustainable growth, competitive advantage, and long-term success. Why does procurement need to move beyond cost-cutting to value creation? The initial investment pays off not just in the quality of prints but in lower servicing costs and a nod to sustainability. In a word: relevancy.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Agile and Lean Supply Chain Purchasing 52

Empowering CPO

JULY 16, 2023

Moreover, traditional procurement usually focuses on the price rather than the total value, which can result in overlooking critical factors like quality, service, and total cost of ownership. It integrates people, processes, and technology to optimize procurement operations, reduce total costs, and deliver value beyond just savings.

Supply Chain Efficiency 40

Supply Chain Efficiency Management Procurement Supply Chain Optimization 40

IBM Supply Chain Blog

NOVEMBER 8, 2023

Our goals include making it easier for clients to run AI workloads closer to their data with on-chip AI acceleration, improving total cost of ownership and performance, increasing availability with up to 8x9s (99.999999%) for mission-critical workloads and fewer outages as compared to x86 servers, and enhancing security and sustainability features.

Leadership 98

Leadership Data Cost of ownership Strategy 98

Procurement Leaders

FEBRUARY 26, 2024

This might be a bold claim but when Amanda Davies, Chief Procurement & Sustainability Officer at Mars Wrigley, announced that she was adding R&D to her remit to become Chief R&D, Procurement & Sustainability Officer, it provided a welcome reminder of the opportunity we have as a function.

Cost of ownership 130

Cost of ownership Agile and Lean Supply Chain Sustainability Procurement team 130

NLPA (Next Level Purchasing Association)

APRIL 5, 2023

With the increasing complexity of supply chains and the growing importance of sustainability and social responsibility, the role of procurement professionals has become more critical than ever. Properly identifying and mitigating risks is essential to ensuring success and sustainability.

Procurement 52

Procurement Negotiation supply chain budgeting Supply Chain Optimization 52

IBM Supply Chain Blog

MARCH 27, 2024

To effectively weigh the decision, one must consider the total costs of ownership versus renting—plus a range of other, tangentially related issues. How concerned are you about sustainability ? Both data center options have their advantages and disadvantages.

Data 110

Data Purchasing Cost of ownership Quantity 110

Supply Chain Game Changer

MARCH 6, 2019

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. Procurement is a business function that has undergone a lot of change in the last few years.

Procurement 50

Procurement Procurement team Supply Chain Efficiency Innovation 50

Supply Chain Game Changer

NOVEMBER 24, 2018

From a customer and business development perspective, my greatest achievement was leading the expansion of a $15M after-market services client to $300M by establishing lowest total cost of ownership (TCOO) configuration and fulfillment solutions. Climate change, environment and sustainability. Confront adversity as a team.

Leadership 53

Leadership Supply Chain Optimization Supply chain Cost of ownership 53

Empowering CPO

MAY 4, 2023

With the growing emphasis on sustainability, ethical sourcing, and digital transformation, procurement is no longer just about cost reduction; it’s an essential function that can provide a strategic advantage to modern businesses. Adopt a Total Cost of Ownership Approach A.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

Una

OCTOBER 9, 2023

It’s a systematic and collaborative way to identify, evaluate, and optimize the acquisition of goods and services that meet your organization’s objectives while minimizing costs and risks. It considers the total cost over the product or service's entire life cycle, including maintenance, warranties, and potential hidden expenses.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52