World of Procurement blog

APRIL 23, 2024

Supply Chain Lifecycle The supply chain lifecycle consists of several key phases: Planning : This involves the demand planning, supply planning, and overall business strategy. Sourcing : Choosing suppliers that provide the goods and services needed to create the product.

Supply chain management 52

Supply chain management Supply chain management Supply Chain Efficiency Supply Chain Optimization 52

Una

SEPTEMBER 6, 2022

Eliminating waste; for example by reducing lengthy sourcing times. Some of the benefits of leveraging lean procurement include: Reduce time-to-source. Lean sourcing methodologies can compress months-long RFP processes into less than a week by replacing complex RFP processes with one-day design-style workshops. . Related Posts.

Agile and Lean Supply Chain 98

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

ivalua

JULY 27, 2015

attempt to make a point about the relative value of strategic sourcing, I failed to realize that thought leadership is apparently the exclusive domain of pundits. Going forwards, customer-of-choice behaviors like sharing demand plans, collaborating on cost savings and jointly developing intellectual property are deepening their roots.”.

Leadership 149

Leadership Suppliers Strategic sourcing Strategic sourcing 149

Procurement Tactics

JUNE 6, 2023

Thus, you will be able to predict your supply chain which will help you meet your customers’ demands. Inventory forecasting, also known as demand planning or demand forecasting, is a market research technique that accurately predicts future inventory needs. What is Inventory Forecasting?

Inventory 170

Inventory Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 170

ivalua

AUGUST 18, 2015

Let’s examine three ways that better collaboration with supply partners creates value for a manufacturer from product design through demand planning. If you work in strategic sourcing and supplier management, supplier collaboration enables you to achieve (or beat!) Innovating.

Collaboration 173

Collaboration Suppliers Bill of materials Supply Chain Efficiency 173

ivalua

JULY 27, 2015

attempt to make a point about the relative value of strategic sourcing, I failed to realize that thought leadership is apparently the exclusive domain of pundits. Going forwards, customer-of-choice behaviors like sharing demand plans, collaborating on cost savings and jointly developing intellectual property are deepening their roots.”.

Leadership 100

Leadership Suppliers Strategic sourcing Strategic sourcing 100

SCMDOJO

JUNE 21, 2023

It involves outsourcing the entire supply chain function to a third-party provider who manages everything from sourcing raw materials to delivering finished products to customers. According to a paper by Len Prokopets and Ramin Tabibzadeh from Archstone Consulting , initial sourcing transactions can yield a 5% savings.

Supply Chain Optimization 89

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

Supply Chain Game Changer

MAY 31, 2022

Any point of single sourcing, or sole sourcing , whether it be materials, parts, resources, systems, processes, suppliers, production or facilities is a single point of failure. needs to establish at least one other facility, separate and apart from the one in Michigan, to also be a source of these products.

Supply chain 123

Supply chain Real-time Visibility Supply Demand 123

IBM Supply Chain Blog

JUNE 29, 2023

Integrated planning incorporates supply chain planning, demand planning, and demand forecasts so the company can quickly assess the impact on inventory levels, supply chain logistics, production plans, and customer service capacity.

supply chain software solutions 84

supply chain software solutions Real-time Visibility Agile and Lean Supply Chain Supply Chain Optimization 84

SCMDOJO

DECEMBER 14, 2023

In the global world of businesses, companies often seek help from sourcing agencies to figure out how to get the things they need. But what’s a sourcing agency or sourcing agent and how does it make buying things easier? Let’s explore this world of sourcing agencies and understand what they do.

Sourcing 73

Sourcing Supply Chain Efficiency Supply Chain Optimization Negotiation 73

ivalua

AUGUST 18, 2015

Let’s examine three ways that better collaboration with supply partners creates value for a manufacturer from product design through demand planning. If you work in strategic sourcing and supplier management, supplier collaboration enables you to achieve (or beat!) Innovating.

Collaboration 100

Collaboration Suppliers Bill of materials Supply Chain Efficiency 100

SCMDOJO

NOVEMBER 17, 2023

Inventory Management & Optimization: Managing inventory as working capital, focusing on demand planning, optimization, safety stock management, and meeting customer service expectations. As an indispensable function significantly influencing a society’s standard of living, logistics skills are complex but essential.

Agile and Lean Supply Chain 70

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

Supply Chain Brain

MAY 14, 2018

A plentitude of open-source communities is also available to offer assistance. structure, including its enterprise resource planning (ERP) system. Inexpensive devices such as the tiny computer Raspberry Pi can be deployed to achieve initial proof of concept.

Strategy 40

Strategy e2e Agile and Lean Supply Chain supply chain software solutions 40

Procurement Heads

MARCH 27, 2023

I see procurement very much as being a facilitator of relationships between internal businesses and business partners and the market so that we can actualise savings, improve demand planning and help our customers become more informed so that they understand their options and make better decisions.

Sustainability 246

Sustainability Agile and Lean Supply Chain Influencing Procurement 246

SCMDOJO

APRIL 4, 2023

To accomplish this, supply chain analytics collects, analyzes, and synthesizes data from a wide variety of sources. These analytics can also help identify known risks and predict future risks by spotting patterns and trends throughout the supply chain, increasing planning accuracy, and better predicting future demand.

Supply Chain Analytics 110

Supply Chain Analytics Supply Chain Optimization supply chain budgeting Supply Chain Efficiency 110

Supply Chain Game Changer

JULY 31, 2019

In fact, we recently brought on a new Cannabis client who’s scaling up a strategic sourcing operation in all of their Procurement, so that all their spend is captured and accounted for as they grow, rather than after. But if you don’t have any of that expertise, you’ll get zero.

Supply Chain Efficiency 72

Supply Chain Efficiency Supply chain Supply chain management Supply chain management 72

The Good Spending

AUGUST 16, 2022

Other peers around the company overlap with us in their functions - Technology tends to manage suppliers , Finance owns the demand planning and budgeting, and Sales and Marketing monopolize the end-customer value chain. My Udemy course "Adaptive Sourcing: Agile Procurement in Practice."

Supply Chain Efficiency 52

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

Supply Chain Game Changer

NOVEMBER 13, 2018

This includes product design, planning, execution, monitoring and control. Source: [link] ). Source: [link] ). Source: [link] ). Source: [link] ). Source: Nabil Abu el Ata, Rudolf Schmandt (2016), The Tyranny of Uncertainty, Springer, ISBN 978-3662491041 ). Source: [link] ).

Supply chain management 72

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

Arkestro

JANUARY 4, 2023

The recent supply chain issues and market volatility have proven to businesses, large and small, the true value and necessity of an efficient and optimized sourcing/procurement team.”. This will provide the trust for a ‘set-and-forget’ tail spend strategy.”. scenario-driven demand plans. should-be cost models.

Supply Chain Optimization 104

Supply Chain Optimization Procurement team Agile and Lean Supply Chain Supply Chain Efficiency 104

Supply Chain Game Changer

OCTOBER 28, 2020

But one of the hottest perennial topics – for candidates looking to develop their careers, as well as hiring managers developing their talent strategy – is always salary : What does the compensation picture look like for Supply Chain professionals?With Satisfaction: Job satisfaction was also high. These people earned a median of $74,000.

Supply chain 98

Supply chain Supply Leadership Supply chain management 98

Let's Talk Supply Chain

JULY 20, 2023

The record talent shortage has been a source of frequent delays and price jumps in recent years. For more than a decade, Zarrin has dedicated her career to finding smarter and more sustainable supply chain planning approaches and technology solutions. Where did your supply chain journey start? I moved to the U.S.

supply chain software solutions 98

supply chain software solutions Agile and Lean Supply Chain Supply chain Supply 98

Supply Chain Game Changer

JUNE 11, 2019

SCM encompasses the integrated planning and execution of processes required to optimize the flow of materials, information and financial capital in the areas that broadly include demand planning, sourcing, production, inventory management and storage, transportation — or logistics — and return for excess or defective products.

Agile and Lean Supply Chain 105

Agile and Lean Supply Chain Supply Chain Optimization supply chain software solutions Supply chain 105

Procurement Heads

MARCH 27, 2023

I see procurement very much as being a facilitator of relationships between internal businesses and business partners and the market so that we can actualise savings, improve demand planning and help our customers become more informed so that they understand their options and make better decisions.

Sustainability 130

Sustainability Agile and Lean Supply Chain Influencing Procurement 130

Empowering CPO

JUNE 26, 2023

Introduction In today’s dynamic business landscape, effective procurement strategies are crucial for organizations to achieve sustainable growth and maintain a competitive edge. Businesses are now harnessing the power of data to drive their procurement strategies and achieve better outcomes.

Real-time Visibility 40

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

The Good Spending

SEPTEMBER 2, 2023

end-user equipment) where the goods are sourced in batches, and only the price and delivery terms matter. For example, when repeatedly sourcing a product already well-known for its quality and price, the main emphasis is on negotiations, creating competition, and ensuring rhythmic supply.

Sourcing 59

Sourcing Procurement Demand Planning Category management 59

Supply Chain Opz

JANUARY 17, 2017

Building the organizational capability which orchestrates a multitude of activities that manage inventory, cost, and service is a challenging goal – one that requires strong alignment between Strategy & Governance, Operational Excellence, as well as the organization’s people, processes and systems. The focus is on agility.

e2e 40

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

Supply Chain Game Changer

JULY 30, 2019

” The Victoria Transport Policy Institute states that “ Freight Transport Management includes various strategies for increasing the efficiency of freight and commercial transport.” Logistics management is part of all the levels of planning and execution, including strategic, operational and tactical.

Logistics 72

Logistics Management Supply Chain Optimization Supply Chain Efficiency 72

Let's Talk Supply Chain

APRIL 13, 2023

Sourcing global talent Provides established processes for staff augmentation Visibility, KPIs, training, clear expectations When do customers approach Lean Solutions Group? LSG helps companies set up satellite offices in Colombia, Guatemala, the Philippines, and Mexico through seamless recruitment, training, and onboarding processes.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Real-time Visibility Logistics supply chain software solutions 52

Supply Chain Game Changer

NOVEMBER 10, 2018

Supplier collaboration has always been a function of maintaining a delicate balance between demand and supply. As a sourcing manager, you may need to go outside your comfort zone to think about new, innovative ways to collaborate for achieving sustainability because Collaboration comes in more than one flavor!

Collaboration 66

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

Supply Chain Opz

NOVEMBER 9, 2014

Whether you''re a manufacturing company in China, a sourcing agent in London or a world''s leading company in Silicon Valley, we''re all in a global supply chain networks. Therefore, a firm would be well served to develop a supply chain strategy as described in my book: Supply Chain Transformation. These are three examples: Rule 3.1:

Agile and Lean Supply Chain 109

Agile and Lean Supply Chain Supply Chain Efficiency supply chain budgeting Supply Chain Optimization 109

Planergy

DECEMBER 8, 2022

Demand Forecasting Methods: Choosing The Right Type For Your Business. Financial Planning & Analysis (FP&A) Forecasting Strategy & Planning. Types of Demand Forecasting Models. The Different Types of Demand Forecasting Methods. How to Choose the Right Type of Demand Forecasting for Your Business.

Demand 52

Demand Data supply chain software solutions Inventory 52

Slimstock

MAY 7, 2019

In 25 years of working with manufacturers and distributors, we know that demand planning and inventory optimization are evergreen topics in the auto industry. When looking for the source of excess stock, inventory policies are a good place to check. 3) Unsafe Levels of Safety Stock.

Inventory 40

Inventory Demand Supply Chain Optimization Demand Planning 40

Supply Chain Game Changer

AUGUST 6, 2020

Customer-centric strategies, innovativeness, flexibility and responsiveness with higher emphasis on fulfilling consumer expectations are the key drivers in this digital era. This is needed to cope with variable supply and uncertain demand to mitigate risks in the supply chain. This step focuses on data availability & accessibility.

Supply Chain Optimization 78

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting supply chain software solutions 78

ivalua

FEBRUARY 25, 2021

What are the pros and cons, and what supply chain strategy will pave the way to higher margins, improved supply chain risk management in healthcare and improved patient care? Demand planning capabilities. Demand planning is the ability to create forecasts that predict the future need for your products.

supply chain budgeting 221

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

Supply Chain Trend

OCTOBER 31, 2016

However, S&OP has not yet substantially delivered on its ultimate promise of enterprise wide resource management, rolling financial forecasting and strategy deployment. During this exercise I was hand-picked to develop and lead the Demand Planning Team for the largest of the two operating divisions.

Supply Chain Optimization 121

Supply Chain Optimization Supply Chain Efficiency Leadership Supply chain 121

Supply Chain Brain

MAY 7, 2018

to pricing as continuously evolving, as businesses strive to meet customer demands and keep pace with the pricing strategies of competitors. (In the latter case, the notion of a fixed price list becomes essentially meaningless.) Webb sees the application of A.I. In such cases, says Webb, a dynamic pricing model based on A.I.

Price 40

Price Raw materials Supply Chain Optimization Supply chain 40

SCMDOJO

JANUARY 17, 2024

Planning roles include: A supply chain planner analyzes performance and improves processes. A demand planner estimates the future demand for given products. (Do Do check out our Demand Planning Ultimate Guide ) A production planner ensures the required manufacturing output meets the demand.

Supply chain management 69

Supply chain management Supply chain management Supply Chain Efficiency Supply Chain Optimization 69