Supply Chain Game Changer

OCTOBER 8, 2020

Subscribe to Supply Chain Game Changer. The Digital Supply Chain Road is Full of Potholes, Construction and Accidents! Digital Supply Chain predictions article and permission to publish here provided by Michael Gaughan at land-link.com. Digital Supply Chain Predictions. Subscribe Here!

Supply Chain Efficiency 74

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Supply chain 74

World of Procurement blog

JULY 27, 2021

The definition of Procurement is “the process or act of procuring”. We’d even go so far to say that the modern procurement pro doesn’t focus that much time on the actual buying, as roles have grown to focus on Supply Chain Management, Contract Management and Relationship Management. What would your own personal definition be?

Procurement 52

Procurement Procurement team supply chain budgeting Contract management 52

The Good Spending

AUGUST 16, 2022

Why is supply chain collaboration essential? Once, I was asked what makes the supply chain important to a company. Shadow procurement, supply chain, and logistics have become standard for many companies. The supply chain is the most collaborative function in the business.

Supply Chain Efficiency 52

Supply Chain Efficiency Collaboration Supply Chain Optimization Agile and Lean Supply Chain 52

Supply Chain Trend

JUNE 29, 2023

In two articles, based on the webinar “XP&A in action: Enhancing FP&A Agility with Supply Chain Planning” , I will discuss the future of xP&A and supply chain planning. Financial professionals are supported by cloud FP&A solutions to collaborate, budget, plan, and forecast.

Agile and Lean Supply Chain 60

Agile and Lean Supply Chain supply chain budgeting Supply chain Supply 60

Empowering CPO

JUNE 20, 2023

In the realms of procurement and supply chain management, spend analysis is a game changer. Certain product categories were consistently over-budget, indicating potential inefficiencies or maverick spending. Reign in maverick spending and bring previously over-budget categories under control.

Real-time Visibility 52

Real-time Visibility Data Supply Chain Efficiency Purchase orders 52

Una

SEPTEMBER 6, 2022

Perhaps the size of your team has been reduced, your function’s operating budget has been cut, or there is an organization-wide drive to eliminate waste and increase efficiency. Reducing paperwork such as lengthy RFP documentation to a lean canvas (otherwise known as a “plan on a page”). What about lean supply chain management?

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain supply chain budgeting Procurement Procurement strategies 98

SCMDOJO

FEBRUARY 20, 2023

Don’t forget to check out our best practices , tools , and a list of helpful supply chain resources on the website! To maximize efficiency, distributors should adhere to the following set of guidelines for evaluating and planning their supply chain with the strategies mentioned below.

Strategy 104

Strategy Supply Chain Optimization supply chain budgeting Supply Chain Efficiency 104

Supply Chain Game Changer

NOVEMBER 19, 2018

Check out Brand Protection – The Definitive Role of the Supply Chain! The Supply Chain function within your company has many responsibilities. Yet often the Supply Chain is undervalued. As such there can be unrelenting pressure to continue to cut costs. Promoting Supply Chain Value.

Agile and Lean Supply Chain 84

Agile and Lean Supply Chain supply chain budgeting Supply chain Raw materials 84

Supply Chain Game Changer

SEPTEMBER 20, 2022

Subscribe to Supply Chain Game Changer. To keep costs to a minimum without sacrificing productivity in any way, build a small but functional crew, specifically for the project in question. Every member in the team should have a definite function, as well as serving as one essential part of the whole team. Subscribe Here!

Management 97

Management Supply Chain Optimization Project management supply chain budgeting 97

Positive Purchasing

MARCH 18, 2024

Jonathan O’Brien, CEO of Positive Purchasing , author, and global procurement thought leader, outlines his effective approach to assessing the current levels of sustainability within your supply base, then prioritizing where and how to focus your resources to make the greatest positive impact. Refine, reorder, and finalize the Hit List.

Sustainability 52

Sustainability supply chain budgeting Budget Supply 52

Procurement Software

APRIL 2, 2024

You don’t need a 6-figure software budget or a large sum to hire consultants for implementation. There’s plenty of digital procurement solutions out there for every budget. So, we’re going to take a quick look at three different price brackets and examine what you can buy with this budget. Let’s dive in. What could you get?

supply chain budgeting 52

supply chain budgeting supply chain software solutions Procurement Budget 52

Spend Matters

AUGUST 8, 2023

Continuing our series of analyst observations on procurement tech market movements, this week we are considering the shift in CPO priorities towards supply-related risks. So, in 2022 our analysts pooled their knowledge of solution vendors that address third-party supply chain risk.

Risk management 83

Risk management Risk Management supply chain budgeting 83

SCMDOJO

DECEMBER 18, 2023

In the world of manufacturing and maintenance, effective spare parts management is essential for maximizing equipment uptime and reducing costs. Predictive Management Utilization: Utilize predictive management techniques to optimize resource utilization, cut costs, and minimize the time required for issue resolution.

Supply Chain Efficiency 63

Supply Chain Efficiency Inventory control Management supply chain budgeting 63

SCMDOJO

DECEMBER 11, 2023

From the Purchase Order (PO) Status Report to the RFQ Performance Report, each report is dissected to provide a clear definition and a deeper understanding of its significance. This fosters stronger collaborations, encourages accountability, and ensures a more reliable and resilient supply chain.

Supply Chain Efficiency 16

Supply Chain Efficiency Purchase orders Procurement Bidding 16

SCMDOJO

JULY 3, 2023

Read More: Top 10 Supply Chain Management Courses to Boost Your Career ] Accreditation and Industry Recognition Check to see if the training programme is acknowledged by the procurement sector or accredited by the relevant professional organizations. Total Cost of Ownership – Definition Lesson 2.

Cost of ownership 81

Cost of ownership Procurement Category management supply chain software solutions 81

Supply Chain Game Changer

JULY 30, 2019

Subscribe to Supply Chain Game Changer. But for those who are professionals working in the Supply Chain field there can be very unique distinctions in this terminology. ” That is the definition in a nutshell. Subscribe Here! Email Address. What’s the Difference Between Logistics and Distribution?

Logistics 72

Logistics Management Supply Chain Optimization Supply Chain Efficiency 72

Supply Chain Game Changer

MARCH 4, 2022

Subscribe to Supply Chain Game Changer. The Ultimate Guide Including Definitions of 1PL, 2PL, and 4PL! Working with a 3PL can be an excellent option for organizations that want to streamline their supply chain and unburden themselves of duties and expenses that they are not equipped to handle in-house.

supply chain budgeting 97

supply chain budgeting Logistics Supply chain Quality 97

Procurement Tactics

SEPTEMBER 9, 2022

The History and Definition of the Kraljic Matrix. The purpose of why he created the Matrix was to help companies in maximizing supply security and reduce costs by using most of their purchasing power. Thus, using their time more effectively while minimizing supply risks in their organization. Who invented it?

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supply chain budgeting Purchasing Risk Market analysis 130

SCMDOJO

JULY 24, 2023

Contract Logistics is a critical aspect of the supply chain that often remains behind the scenes but plays a significant role in ensuring the efficient movement and management of goods. Contract logistics is a specialized service offered by third-party logistics (3PL) providers to manage supply chain operations on behalf of a company.

Contract 92

Contract Logistics Supply Chain Efficiency Supply Chain Optimization 92

Procurement Tactics

JUNE 8, 2023

But first, we will tell you the definition and importance of both terms in the field of procurement. Also, purchase orders play a crucial role in budget control. This helps in planning and prevents situations like running out of stock or overstocking, optimizing the supply chain management process.

Purchase orders 130

Purchase orders Purchasing Buyers Quantity 130

Supply Chain Game Changer

JULY 14, 2021

Subscribe to Supply Chain Game Changer. At the crossroads of sustainability, technology, and the broader supplier base lies smart, sustainable, and scaling supply chain growth; growth that comes with a balance of people, planet, and profitability in mind. CPOs “gave supply chain sustainability a ranking of 7.2

Sustainability 98

Sustainability Procurement supply chain budgeting Agile and Lean Supply Chain 98

Empowering CPO

MAY 11, 2023

Definition and Concept Sustainable procurement is a procurement method that integrates environmental and social considerations into decisions alongside the traditional parameters of cost, quality, and delivery. Understanding Sustainable Procurement A. Integrating Environmental Factors in Procurement A.

Sustainability 52

Sustainability Procurement Supply Chain Efficiency Raw materials 52

Supply Chain Game Changer

NOVEMBER 5, 2021

Subscribe to Supply Chain Game Changer. Some of the things you need to consider in your planning include: Goals to achieve Specific target market Number of years to get ROI Budget allotted for remodeling Timeline of the project. If you’re on a budget, you can also conduct bidding to hire contractors. Subscribe Here!

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supply chain budgeting Supply Chain Efficiency Budget Bidding 96

Una

JUNE 8, 2023

We need to focus on those that are critical for maintaining a reliable supply chain, optimizing costs, driving innovation, improving efficiency , and supporting strategic objectives. There are plenty of definitions available online, but in my opinion one of the best comes from Oboloo.

Suppliers 52

Suppliers Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization 52

SCMDOJO

NOVEMBER 9, 2023

Budgeting the Inventory controls Anticipation and meticulous planning are paramount when embarking on inventory management, necessitating the formulation of an annual inventory budget well in advance. Inventory control templates must be formulated dictating the desired budget.

Inventory control 81

Inventory control Inventory supply chain budgeting Supply Chain Optimization 81

Supply Chain Game Changer

FEBRUARY 21, 2022

Subscribe to Supply Chain Game Changer. The second feature of content marketing is that it can be used to advance without attracting a budget. This is because there are definite viral content patterns that need to be embedded. Originally written for Supply Chain Game Changer and published on February 21, 2022.

Networking 96

Networking supply chain budgeting Import Quantity 96

Spend Matters

MAY 22, 2024

There are different levels of GenAI applications in use by procurement solution providers, from basic/shallow to embedded ( see our definition of the ‘6 flavours of AI’ here ). applies more than GenAI. So it’s a good thing for procurement solution providers that have not yet gone down the AI route.” It’s complicated.

Procurement 89

Procurement Data supply chain software solutions Contract 89

Procurement Software

NOVEMBER 28, 2022

In other words, I would lump e-sourcing, contract management and certain supply chain risk and resilience technology into this definition too. I would exclude procurement technology around ESG, planning and SRM from this definition, as these are typically less analytics focused.

Procurement 59

Procurement supply chain software solutions supply chain budgeting Supply Chain Efficiency 59

NLPA (Next Level Purchasing Association)

JUNE 23, 2022

To eliminate confusion between past and current definitions, the term executive Sales and Operations Planning , or eS&OP , was coined by Thomas F. It intends to add clarity, referring to the executive or volume element of the morphed definition. Wallace and Robert A. Wallace and Co., The Mission of eS&OP.

Demand Planning 52

Demand Planning Demand supply chain budgeting Strategic planning 52

Procurement Software

NOVEMBER 21, 2022

The experience of COVID-19 also showed that poorly managed vendor master data contributed to some of the delivery delays and supply chain disruption. The reason can be found in their high margins and thus, cost and vendor management not being at the forefront of their critical business priorities. Typically, this is the CFO.

supply chain budgeting 52

supply chain budgeting Chief Procurement Officer supply chain software solutions Supply Chain Optimization 52

Supply Chain Game Changer

DECEMBER 9, 2020

Subscribe to Supply Chain Game Changer. Inventory management starts with the fundamental in and out of your supply chain. Effective inventory management reduces costs for you, and for the consumer means faster delivery and lower shipping charges. Subscribe Here! Email Address. Get Our EBOOK HERE.

Inventory 98

Inventory supply chain software solutions Management Supply Chain Optimization 98

Supply Chain Opz

JUNE 1, 2014

Professionals in supply chain management use various methods to identify best practices to improve the operations. In order to accelerate the learning, this article has gathered 20+ most sought-after supply chain case studies, analyzed/categorized them by industry and the findings are presented.

Agile and Lean Supply Chain 95

Agile and Lean Supply Chain supply chain software solutions supply chain budgeting Supply chain 95

Supply Chain Opz

AUGUST 16, 2013

7 Secrets of Internal Supply Chain Integration. Supply chain management is said to be the integration of internal functions which expand across the companys boundary. Then, this article will provide more details about the internal supply chain integration.

Agile and Lean Supply Chain 40

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

Future Purchasing

FEBRUARY 3, 2022

The concept of strategic alignment is to do a rapid review of the internal and external environment to identify likely organisational priorities and map that against categories and known supply chain challenges to identify the most important categories to tackle, given the available resources.

Category management 59

Category management Procurement supply chain budgeting Budget 59

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. and J-P Rodrigue (2004)).

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Supply Chain Efficiency Agile and Lean Supply Chain Logistics Supply Chain Optimization 133

Supply Chain Trend

DECEMBER 22, 2023

Introducing Intelligent IBP Let’s start with a definition. This definition should become clear once you go through the principles. We will decide and response faster in our supply chain and make higher quality operational and strategic decisions. Many which I’ve highlighted over the years in blogs and articles.

Supply Chain Efficiency 78

Supply Chain Efficiency Supply Chain Optimization Quality supply chain budgeting 78

Procurement Software

JANUARY 16, 2024

And what if they were prepared to fight for it, instead of rolling over at the first sign of a budget cut? My definition of a strategic procurement team is something way more visionary. It must be deeply embedded with the business and with the supply base. Give them an understanding of wider Finance or Supply Chain topics.

Procurement 52

Procurement Procurement team supply chain budgeting Budget 52