This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Identifying the need for foundational technology and processes Before joining Utz as its SVP Procurement, Ron had been consulting with the SupplyChain department working on a number of different projects. So there was a lot of opportunity to do more and make a bigger impact.
In the vast sea of supplychain information, which SCMDOJO supplychain article truly stands out? Dive into our curated list of the top 12 blogs from 2024 that will elevate your supplychain knowledge and give you a competitive edge. Read In Detail About Procurement Department Here 2.
Strategic Objectives Cost Savings: Achieve cost reduction targets through effective supplier negotiations and strategic sourcing. Supplier Relationship Management: Build and maintain strong supplier partnerships to ensure long-term business value. Savings can be cashable or non cashable i.e. cost avoidance.
Global trade is complex, and supplychains are intertwined and interconnected. Supplychain leaders must adapt and use smart strategies to remain competitive. This article explains how to understand US tariffs and lessen their impact on supplychains.
Supplychain reports offer a comprehensive view of your entire supplychain operation. What are SupplyChain Reports? Supplier Performance Evaluating supplier performance based on key metrics such as on-time delivery, quality of goods received, adherence to agreed-upon terms, and responsiveness to inquiries.
In this article, we will discuss what a sustainable supplychain is. We will also tell you how you can analyze your supplychain and how you do an initial risk assessment. We will also tell you how you can analyze your supplychain and how you do an initial risk assessment. However, how do you do it?
Here’s a detailed guide to enhance procurement capabilities across various domains: Strategic Sourcing and Supplier Management Actionable Steps: Analyze Spend Data: Use spend analysis tools to identify areas where costs can be reduced or efficiencies improved. SAP, Oracle) Procurement software (e.g.,
Metrics around supplier consolidation and spend concentration are also common. Customers use Onventis to consolidate suppliers and negotiate better terms. Customers emphasize how procurement technology safeguards against non-compliance penalties and helps maintain preferred supplier standards.
The global supplychain landscape is undergoing significant transformations, influenced by rapid technological advancements, shifting consumer expectations, and the intricacies of international commerce. Developing Analytical Skills Data analysis is at the heart of effective supplychain management.
To manage tariffs effectively, companies must align their tariff strategies with their broader business goals, including product design, pricing, supplychain resilience and sustainability objectives. Tariffs essentially taxes imposed on imports and exports directly impact product cost structures. This content is for members only.
Maja Tepeh , Senior Brand Manager at supplychain risk management solution Prewave , shares what their customers are looking for from their digital procurement investment. On an environmental level, progress toward targets needs to be measurable: not just at the customers company, but across their entire supplychain.
Procurement professionals can contribute significantly to the S&OP process by providing valuable insights into supplychain dynamics, identifying potential risks, and optimizing sourcing strategies. Moreover, S&OP fosters a sense of shared responsibility for quality across the organization and its suppliers.
We will tell you about sustainable suppliers and how to select one. Additionally, we will share with you how to get a clear idea of your position within the market Once you are done reading this article, you will have a better knowledge of the role of sustainable suppliers to achieve sustainability within your procurement processes.
The days of relying solely on traditional processes to manage suppliers, contracts and spend are quickly fading. Supplychains are more complex than ever, stakeholder expectations are soaring and the sheer volume of data that procurement teams must sift through is overwhelming. AI does more than just improve efficiency.
18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details → Or receive our famous weekly newsletter Identifying Suppliers — Embracing Sustainability Identifying suppliers is crucial as they supply all the needs of every business to continue its daily operation. What are Sustainable Suppliers?
Building Stronger Relationship s : Effective Approaches to Multi-Tier Supplier Collaboration A chain is only as strong as its weakest link—but what if you can’t evaluate the entire chain? Tier 1 suppliers and their suppliers—and their suppliers’ suppliers—make up an organization’s multi-tier supplychain.
In an era where efficiency equates to competitive advantage, the oil industry’s supplychain management plays a pivotal role in determining a company’s profitability and sustainability. What Are the Key Components of an Oil Company’s SupplyChain?
SCMDOJO Academy elevates your procurement and supplychain skills through its extensive course library. This course will teach you a lot about procurement and purchasing, trends and tendencies in procurement, the role and influence of the procurement function in the company, types of procurement, and more.
For instance, the US use of economic sanctions has grown nine-fold from 2000 and 2021 , which means companies in industries with supplychains particularly impacted by sanctions, such as manufacturing, see more value in investing in technology that can automate their screening processes.”
For companies committed to embracing these principles, monitoring and reporting ESG metrics within the supplychain is not just a regulatory requirement but a strategic imperative that enhances transparency, builds trust, and secures a competitive edge. Why Is ESG SupplyChain Reporting Important?
Want to optimize your supplychain metrics and drive significant improvements? Understanding and tracking key supplychain metrics is essential. This guide will equip you with the knowledge you need to make data-driven decisions, achieve your business goals, and boost your supplychain metrics.
By diversifying its supplychain and leveraging global partnerships, GM aims to minimize disruption and maintain competitiveness in the market. By leveraging a robust network of suppliers and implementing contingency plans, GM aims to adapt to changing tariff landscapes effectively.
SAN FRANCISCO, CA, December 3, 2024 – Arkestro is excited to announce its partnership with the Infor Marketplace , a powerful collaboration designed to enable AI-driven procurement, sourcing, purchasing, and supplychain management transformation for enterprise manufacturing teams worldwide. See Arkestro in action at arkestro.com.
largely control procurements level of influence. Procurements ability to engage, influence and align with stakeholders determines the extent to which digital transformation efforts deliver sustainable and measurable benefits. However, the reality is that stakeholders, including budget owners, business units, etc.,
Hansen’s early concepts—especially his 1998 frameworks involving agent-based modeling , the Metaprise , time-zone polling , and advanced self-learning algorithms —share fundamental DNA with the adaptive, decentralized, and data-rich supplychain models later refined and scaled by Jeff Bezos at Amazon. suppliers, UPS) agents.
But have you ever considered how financial products like car title loans influence retail supplychains? By leveraging their vehicles, business owners can access quick cash to pay suppliers, manage inventory, or cover payroll. Retailers should work with reputable lenders to ensure all loan terms are transparent and fair.
As the demands on supplychains continue to increase, so do the expectations of consumers. Consumers also expect transparency – in product origin, quality standards, and how organizations are improving their environmental and sustainability efforts. . Leveraging Technology to Transform The SupplyChain.
Enabling rapid, cost-effective and transparentsupplier payments anywhere in the world. Redwood City, CA, June 30, 2021 – Ivalua, a global leader in Cloud Spend Management solutions, announces an extension of its source-to-pay platform with a new payments solution to digitize and streamline global supplier payments.
SupplyChain Transformation is ongoing but never more important than in 2021. Despite the initial capital investments, these technologies are driving efficiencies that ultimately lead to cost reduction. What Will Impact Procurement Processes in 2021? This was due in large part to the way they were designed. “The
A Complete Guide Strategic sourcing is a data-driven approach to securing the best value for your organization from its strategic suppliers. The process creates efficiencies across all spend categories, minimizes supplychain risks through improved supplier selection and awards, while giving visibility into pricing and forecasting.
This flexibility is crucial in a Metaprise environment, which integrates multiple enterprises, suppliers, and partners into a unified system. supplier delays, demand spikes). Example During a port strike, agents reroute shipments via alternative suppliers/logistics partners. new suppliers, sustainable materials).
The momentum around this ‘best practice’ has been further accelerated by the marketing efforts of market intelligence companies selling data and even a few purpose-built software platforms to make these efforts more efficient and accurate. supplier count, event size). supplier count, event size).
Make vs Buy Analysis is an essential decision-making tool in supplychain management that significantly influences profitability, flexibility, and competitiveness. Make vs Buy Analysis evaluates whether to manufacture a product in-house or purchase it from suppliers. What is a Make vs Buy Analysis?
Introduction As global supplychains evolve, ensuring cost efficiency is crucial. One way to assess the cost performance of any function within the supplychain is through Cost Performance Index (CPI). al has highlighted the below factors and their causal relationships that influence CPI. A CPI of 0.83
Optimise Inventory Planning with this Free Inventory Ageing Report Enhance SupplyChain Visibility In Inventory Life Cycle: When we discuss supplychain and inventory life cycle together, one crucial aspect is better visibility, which will allow us to learn more about potential business descriptions and bottlenecks.
How AP can improve relationships with your key suppliers. Effective supplier management is essential for educational institutions. Schools rely on vendors for everythingtextbooks and classroom supplies, technology, food services, and maintenance. However, budget restrictions and transparency requirements present challenges.
Interviews Expanding the influence and impact of Procurement a case study featuring Ron Schnur at Utz As many procurement professionals have discovered, transforming your processes to meet todays challenges in an effective manner is not as simple as writing a new mission statement.
20152020: Procurement Gains Strategic Recognition Emergence of Strategic Sourcing : CFOs began to recognize procurement’s role in driving long-term value through strategic sourcing, supplier relationships, and risk management. Analytics and insights from procurement data were minimal.
STAKEHOLDER (AGENT) 3 What are the main concerns for suppliers meeting ESG specifications? Suppliers face several obstacles in meeting ESG (Environmental, Social, and Governance) specifications, stemming from resource limitations, regulatory complexities, and operational challenges. Reference to Scoutbee buycott versus boycott post.
Subscribe to SupplyChain Game Changer. Regardless, one of the functions that plays a preeminent role in terms of influencing time to market is SupplyChain. Here we discuss the many ways that SupplyChain can help, or hurt, your time to market performance. Subscribe Here! Email Address.
We are essentially set up across four key pillars: Category management and sourcing P2P Supplier management assurance and audit Sustainability. The economic volatility disrupting supplychain and price pressures I’m sure are not unique to G4S. What are the challenges that you and your team currently face? Great question.
Subscribe to SupplyChain Game Changer. For a Successful Business Improve SupplyChain! The need to strengthen supplychain cannot be overstated; it’s vital for efficiency, profitability, and reputability against competitors. However, the chain must be streamlined to avoid wasting time and money.
Scheduled for March 2-5, 2025 , this event isn’t just another industry conferenceit’s a strategic battleground where the biggest names in shipping, logistics, and technology will converge to address the challenges that have redefined the supplychain landscape. The timing of TPM25 couldn’t be more crucial.
This article explores key strategies for enhancing logistical efficiency and thus improving profitability and reducing cost. Logistical Efficiency in Sourcing, Distribution, and Delivery Local Sourcing: While offering potential environmental benefits, local sourcing introduces complexities like smaller vehicle sizes and less-than-full loads.
We organize all of the trending information in your field so you don't have to. Join 69,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content