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In a recent Sourcing Journal Online article, Sourcing is Hard , Mike Todaro, managing director of the Americas Apparel Producers’ Network, quotes Barbara Zeins, an industry expert that published a short list of “9 Big FAT Garment Lies,” which we might as well call “GlobalSourcing Lies,” more generally.
Efficient worldwide… The post Crucial Tips for Maximizing GlobalSourcing Services first appeared on Procurement Blog | Procurement & SupplyChain News. Imagine fully utilizing the enormous resources and skills available worldwide for your company.
Strategic Objectives Cost Savings: Achieve cost reduction targets through effective supplier negotiations and strategic sourcing. Risk Mitigation: Identify and manage procurement risks by ensuring supplier reliability, diversifying sources, and monitoring market trends. Savings can be cashable or non cashable i.e. cost avoidance.
REV Group embarked on its sourcing and procurement transformation earlier this year, which included four appointments to REV’s globalsourcing and supplychain team, representing the Fire & Emergency, Commercial and Recreation segments. Benefits include: Shortened sourcing cycle times.
Summary: A sourcing specialist is responsible for identifying, evaluating, and managing suppliers to optimize cost,… The post GlobalSourcing Solutions Backed by Expert Sourcing Specialists first appeared on Procurement Blog | Procurement & SupplyChain News.
Sourcing isn’t just a concern for procurement teams. With rising consumer and stakeholder expectations around ethical and responsible supplychains, who supplies your organization’s goods and services is also a C-suite consideration. Near-sourcing can also reduce risk.
Are… The post GlobalSourcing Strategies: Mastering 2024’s Challenges for Success first appeared on Procurement Blog | Procurement & SupplyChain News. Is Your Company Having a Hard Time Keeping Costs Low and Finding Good Suppliers?
EPISODE 136 Making the Impossible Possible in GlobalSourcing with Chris Volz By Kelly Barner | October 11, 2023 Globalsupplychains reach the furthest corners of the earth, bringing back valuable, well-made goods and putting us in touch with people we may never meet.
In this age of supplychain disruptions that hold the power to upend entire industries, strength and resilience across the entire value chain is no longer a nice-to-have—it’s a survival tactic. Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals.
From tech giants to manufacturing leaders, the top 10 CEOs in the supplychain industry have blazed a trail of success. The Top 10 CEOs Who Have Worked As SupplyChain Professionals 1. Tim Cook Tim Cook, the CEO of Apple, has a background in operations and supplychain management. Don’t forget!
and China provides yet another reminder of why American high-tech manufacturers need to diversify their supply of critical raw materials. The latest skirmish in the trade war between the U.S.
Managing the smooth flow of material and information in globalsupplychain context has been a business challenge for many years and many companies tries to find the new ways to take the advantage of the shift of global economy. Globalsupplychain environment is dynamic and many issues changes quickly.
Sourcing Innovation Launch Date: June 2006 Overview: Authored by Michael Lamoureux, a Computer Science PhD, Sourcing Innovation focuses on procurement technology, strategic sourcing, and supplychain management. AI, e-sourcing), spend analytics, and best practices.
China trade war is just one development in a shift in globalsourcing and production that's been underway for years, says Kevin O'Marah, chief research officer and co-founder of Zero100.
Procurement and sourcing professionals play a critical role helping decision makers discuss and rank those variables and then use them to select and contract with suppliers. In this episode of The Sourcing Hero podcast, Host Kelly Barner welcomes Eric Westerduin.
In recent years, the auto-id technology such as bar code and RFID together with the electronic data transmission are considered the holy grail of supplychain visibility. 3) Find bottleneck : do you really have to see anything and everything that happens in the supplychain? The answer is NO.
In todays interconnected world, businesses rely on globalsourcing to meet their production and operational… The post How Procurement Agents Navigate Complex International Trade Regulations first appeared on Procurement Blog | Procurement & SupplyChain News.
Here is an article that provides a good explanation of the difference between the two commodity characteristics: Dangerous SupplyChain Myths (Part7) You can also access the paper through the following link: Acres Of Diamonds (White Paper) How Do The 2004 Acres Paper’s Findings Hold Up In 2025?
When I began my career there was no such thing as “SupplyChain Management” SupplyChain was not a title to be found anywhere on any organization chart. So what exactly is the definition of “SupplyChain Management”? Interestingly there are many views on how to define SupplyChain.
Does your business source products and services from global markets? If your company is sourcing goods and services internationally you could be reaping many benefits. However, you could also face many challenges when globallysourcing across geopolitical boundaries. Do you have visibility of a globalsupplychain?
Niul Burton wrote a great article in Industry Week titled “Procurement 2025: 10 Challenges that Will Transform GlobalSourcing”. For those of you who are executives in SupplyChain, Procurement or New Product Introduction/Development, this is a must read. Globalization. Integration.
Daniel Koh is currently leading a team of 130 sourcing and pricing professionals globally. He had taken on a few leadership roles in Flex such as Procurement Compliance Director, led the GlobalSourcing team, and is currently member of Flex SupplyChain Council and SupplyChain Risk Management.
I’m passionate about working in collaboration with the supplychain and allowing for constructive conversations so that we’re doing all we can to ensure the best value for money for our customers. Sustainability is one of those, and supplychains can influence carbon emissions in a huge way.
Defining Business Needs Supplychain planning used to be a lot easier, but with today’s world of globalsourcing and an almost infinite array of paths from the source to the customer, the complexity is daunting. The post Selecting a SupplyChain Planning Platform appeared first on Solvoyo.
EPISODE 137 Using Visibility to Combat SupplyChain Abstraction with Frank Kenney By Kelly Barner | October 18, 2023 In the race to build global empires of data and digital systems, today’s businesses must not risk forgetting what all of those zeroes and ones mean.
[Editor’s Note: Ardent Partners recently published its Procurement-themed report, “Procurement 2024: BIG Trends and Predictions.” Over the next few weeks, this site will feature articles highlighting the key discussion points from the report.
Globalsourcing allows businesses to realize cost efficiencies, access to innovation, broader market exposure and improved quality of products provided that they implement some key strategies.
Alibaba.com said that the Smart Assistant tools for globalsourcing will help small business owners discover new commerce opportunities, stay up-to-date with market trends and track orders.
With the geopolitical environment continuing its downward pressure on globalsupplychains, the economic volatility further cemented any cost-cutting measures that were already in place. In traditional sourcing or intake platforms, it seems the adoption and NPS significantly reduces the more clicks a business user needs to make.
Managing the smooth flow of material and information in globalsupplychain context has been a business challenge for many years and many companies tries to find the new ways to take the advantage of the shift of global economy. Globalsupplychain environment is dynamic and many issues changes quickly.
In this episode of The Sourcing Hero podcast, Host Kelly Barner welcomes back Kris Lance, Senior Director at Una, for a recurring monthly conversation about current news stories. And nothing fights change like the paralyzing behavior of going along to get along.”
The Just-in-Time methodology is a structured supplychain and production strategy where materials, parts, and goods are delivered precisely when needed, minimizing inventory storage and reducing waste. Instead of transactional relationships, JIT requires ongoing communication and planning to ensure supply lines remain uninterrupted.
Resources / Blog / Cars on Demand: Production to Order is Changing the Automotive Industry’s SupplyChain Cars on Demand: Production to Order is Changing the Automotive Industry’s SupplyChain The automotive industry has always been at the forefront of implementing innovative production methods to meet consumer demands efficiently.
At the same time, organizations have never been more exposed to risk from their supplychains, from supply continuity, quality, or ESG violations. Such solutions, especially if embedded in spend management suites, can help unify data across the enterprise and fix duplicates and other issues at the source.
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 supplychain, reducing costs, and fostering long-term competitiveness.
In recent years, the auto-id technology such as bar code and RFID together with the electronic data transmission are considered the holy grail of supplychain visibility. 3) Find bottleneck : do you really have to see anything and everything that happens in the supplychain? The answer is NO.
sourcing, invoicing) can add qualitative depth to IDCs broader IT-centric assessments, enhancing its Capabilities axis for S2P vendors. sourcing, contract management) can complement Ardents P2P focus, providing a holistic view of how AP automation fits into S2P processes. Strong but less procurement-specific than Gartner or Forrester.
For Director of GlobalSourcing for Medline Industries Brian Chaplin, being a sourcing hero means listening, learning, and taking action. As long as we are continually listening and learning from others and then driving those things that we learned into really effective change, that is what I would define as a sourcing hero.”.
On April 21st, our webinar on forced labor in cotton supplychains brought together leaders from Responsible Sourcing Network and Fashion for Good to explore how industry-wide tools and supplychain engagement can help identify and mitigate risks of forced labor. . These are the textile and spinning mills.
Introduction In the dynamic realm of procurement, organizations strive to not only meet their immediate needs but also to establish sustainable and cost-effective supplychains. Essential Tips and Tricks: Data-Driven Decision-Making: The foundation of successful Strategic Sourcing lies in data.
Synopsis: Explores the hidden costs of procurement and sourcing beyond just purchase price. Highlights five… The post The True Cost of Procurement and Sourcing Decisions first appeared on Procurement Blog | Procurement & SupplyChain News.
Companies doubled down on sourcing responsibly, reducing waste, and ensuring their supplychains supported broader environmental goals. Thinking Globally to Stay Ahead of the Competition In an interconnected world, procurement teams cant afford to think small. Thats where the right preparation can make all the difference.
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