Supply Chain Game Changer

APRIL 28, 2020

Lockdowns have resulted in the temporary closure of Manufacturing and Distribution facilities and discontinuation of Logistics and transportation modes. What is Single Sourcing or Sole Sourcing? For clarity let’s define what these sourcing terms mean. For clarity let’s define what these sourcing terms mean.

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Arkestro

APRIL 2, 2024

Resources / Analyst Reports / Procurement 2024: BIG Trends and Predictions Procurement 2024: BIG Trends and Predictions Download Now Let's Talk By the end of 2024, new AI innovations will begin to significantly change all facets of supply management technology.

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Chief Procurement Officer Procurement Procurement team Buyers 52

ivalua

AUGUST 17, 2021

There are, in fact different phases of procurement value creation that tie into the Source-to-Pay process: . Identifying Value , is where procurement teams leverage spend data and spend analysis to understand trends in spend and identify opportunities and develop category management strategies. .

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Procurement Procurement team Sourcing Supplier relationship management 130

Procurement Leaders

MARCH 10, 2023

With such a large supply base, it’s not surprising to hear the business faces many different threats, including cyber risks, material availability challenges and logistics risks – to name but three. I would say if I were to pick one of the other risks, the newest in the sourcing environment is the cyber risk.

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Collaboration Supply chain Management Risk management 147

Supply Chain Game Changer

NOVEMBER 26, 2018

Looking back on the training process, our research, strategy, implementation and evaluation methods closely mirrored supplier relationship management and procurement management. In fact, it made me think of a specific chapter I read from Magnus Carlsson’s Strategic Sourcing and Category Management: Lessons Learned at IKEA.

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Procurement team Supplier relationship management Procurement Suppliers 43

Arkestro

APRIL 23, 2024

Resources / Blog / Embracing AI and Predictive Procurement to Overcome Industry Challenges Embracing AI and Predictive Procurement to Overcome Industry Challenges Today’s procurement teams are faced with a host of challenges: Managing more spend with fewer headcount. Enhancing supplier performance.

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Procurement Procurement team Quality Demand Planning 52

ivalua

MARCH 24, 2021

Most of the benefits that can be realized by manufacturing procurement organizations are gained through external collaboration with suppliers and partners – which ERP systems, internal portals, and Excel spreadsheets are not designed to handle. . Digitization Benefit #2: Strategic Sourcing Alignment.

Supply Chain Efficiency 130

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization Supply chain 130

Skill Dynamics

OCTOBER 19, 2023

A generic approach to training is not the solution to the increasing range of challenges facing procurement teams. This means that skills enhancement across wider roles is required for procurement professionals, with a focus on role-specific learning.

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Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain supply chain software solutions 52

Arkestro

JULY 6, 2023

And unfortunately, many of those same issues are major pain points for procurement teams today. Then we’ll show how autonomous, Predictive Procurement Orchestration (PPO) can help relieve supply chain issues, reduce costs, and help automotive brands navigate increased regulations. passenger car sales by 2030.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Procurement 52

Arkestro

MAY 21, 2024

According to the Hackett Group’s 2024 Global CPO Survey, procurement teams’ workloads are expected to increase an average of 8% this year. In this climate, vigilantly guarding expenses, investing in key supplier relationships, and working out logistics problems have never been more important.

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supply chain budgeting Agile and Lean Supply Chain Suppliers Logistics 52

Supply Chain Game Changer

JULY 3, 2019

Sustainability is created at the source of our products, services, and consumption. Sustainability is created from Responsible Sourcing. How can you make Responsible Sourcing a Reality? If you can excite the people around you about sourcing responsibly, chances are you’ll be able to formulate a network of internal champions.

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Sustainability Sourcing Supply Chain Efficiency Real-time Visibility 58

Procurement Leaders

MARCH 6, 2023

Executive teams increasingly recognise the importance of procurement If there’s a silver lining to the polycrisis, it’s that procurement finally has a seat at the table. On the other side, is the very deep relationship integration with the businesses and the commercial teams,” he added.

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supply chain budgeting Suppliers Risk Procurement 189

ivalua

JANUARY 31, 2022

How can we mitigate technical, logistical, weather-related, and demand-driven supply chain disruptions? Organizations must shift focus toward strengthening their procurement processes and procedures to gain 100% supply chain visibility. 5 Procurement Increasing Its Focus on and Use of Data. Procurement Technology Trends .

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Procurement supply chain budgeting Agile and Lean Supply Chain supply chain software solutions 130

Una

JULY 6, 2022

Whether procurement is working in the public sector or private, there has to be a connection between the numbers and what they mean in a real world sense. In this episode of The Sourcing Hero podcast, Host Kelly Barner welcomes Iris Cooper. Latest Episodes from The Sourcing Hero Podcast. Highlights. Connect With Us.

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Procurement Procurement contracts Purchasing Procurement team 69

Una

MARCH 16, 2023

Each week, the Una team will explore one of ten common pain points impacting procurement today, and put forth actionable solutions to each of these challenges. “Hi, Hi, is that the procurement team? It’s Joe from logistics. Why wasn’t procurement involved in this conversation?

Influencing 105

Influencing Procurement Cost of ownership Supplier relationship management 105

Una

APRIL 25, 2024

In This Guide: Step 1: The Discovery Call After getting in touch via the chatbot or by filling out a form on Una.com , a n Una Sourcing Advisor will reach out via email or phone, introduce themselves, and schedule a discovery call. The discovery call is your first step to savings. What do you need to bring to the call?

Contract 52

Contract Purchasing Suppliers Price 52

Procurement Heads

FEBRUARY 7, 2023

At work, I am Head of Procurement at British American Tobacco and in charge of the procurement teams in the west side of the world (North and South America, Africa and most of Europe). What made you choose a career in procurement and how much has procurement changed since you started 20 years ago?

Supply Chain Efficiency 130

Supply Chain Efficiency Raw materials Category management Sustainability 130

Arkestro

NOVEMBER 14, 2023

Getting a Thanksgiving dinner from farm to table is an intricately complex affair for food and beverage procurement teams, with supply chain shortages, inflation, and rising food costs affecting consumer decisions all playing a part. 10% of Thanksgiving meal occasions included an item sourced from a restaurant or foodservice.

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supply chain budgeting Food and Beverage Supply Chain Supply Chain Optimization Procurement 52

Procurement Software

JANUARY 16, 2024

Could more visionary procurement leaders be the cure for procurement teams not getting the recognition they deserve? It’s time to start replacing the technocratic, process-obsessed procurement teams. We must usher in a more visionary and value-focused group of procurement leaders and CPOs.

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Procurement Procurement team supply chain budgeting Budget 52

Arkestro

OCTOBER 10, 2023

This helps procurement teams make informed decisions and negotiate better contracts, potentially saving significant costs. AI helps companies ensure that procurement processes adhere to industry regulations and compliance standards, reducing the risk of legal and financial penalties.

Agile and Lean Supply Chain 52

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

Arkestro

JUNE 20, 2023

This blog will cover the current challenges facing CFOs and procurement teams and several strategies that can be implemented to drive cost savings and increase efficiency. However, if your procurement team is like every other company, they are stretched thin and likely sitting on mounds of data that they don’t have time to analyze.

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Procurement strategies Supply Chain Efficiency Strategy supply chain budgeting 52

Skill Dynamics

OCTOBER 19, 2023

Strategically negotiating with suppliers to secure competitive pricing, streamline logistics, and ensure timely deliveries has paid off for this vast e-commerce network. Navigating Key Elements of Procurement Negotiation In order to master negotiation in procurement it is important to get down to the very basics and work up.

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Negotiation Procurement Procurement strategies Buyers 52

Procurement Heads

JULY 5, 2023

At the front of the UCAS book at the time, was a degree apprenticeship with the Ford Motor Company in purchasing and logistics, aptly titled PLUGS – Purchasing and Logistics Undergraduates. Back in 1995, I was just considering what I should do at university, with the thought of going to uni not really clear in my head.

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Chief Procurement Officer Sustainability Supply chain Procurement 130

Una

OCTOBER 12, 2023

Defining the terms Onshoring Onshoring, also known as reshoring, refers to the practice of bringing business operations or sourcing back to the home country. The primary motivation for nearshoring is to benefit from cost savings while maintaining cultural and logistical proximity, which can reduce risks and enhance collaboration.

Supply Chain Optimization 52

Supply Chain Optimization Procurement Supply chain resilience supply chain budgeting 52

Una

MAY 23, 2023

Group purchasing and indirect spend Indirect Spend, with her diverse and multifaceted nature, longed for a Sourcing Hero to swoop in and optimize her procurement processes. The love they shared touched every aspect of procurement, from office supplies and logistics to IT solutions and facility management.

Purchasing 97

Purchasing Supply Chain Efficiency Supply Chain Optimization Procurement 97

Una

NOVEMBER 14, 2022

This left procurement organizations and departments scrambling to find more strategic alternatives to not only survive but carve out their place in an evolving global market. the hybrid work model). Yes, the rise of the internet and digitalization had an impact, but the basic transactional procurement model remained unchanged.

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Procurement Agile and Lean Supply Chain Supply Chain Efficiency Procurement team 98

Arkestro

MAY 9, 2022

Strategic sourcing was in the spotlight. In the aftermath of the COVID-19 pandemic, it’s clear that a new approach to procurement is the key to success and the future of the industry. This unprecedented series of shocks to the global supply chain has exposed the weaknesses in traditional procurement approaches.

Procurement 52

Procurement supply chain software solutions Supply Chain Optimization Real-time Visibility 52

ivalua

DECEMBER 18, 2019

Reduction in cost of supporting other master datasets — Supplier master data can overlap with datasets with other datasets creating multiple sources of truth that require maintenance and can become disjointed causing errors. Inside the modern enterprise, a variety of groups use supplier master data, including not just Procurement, but also:

Data 130

Data Suppliers Management Procurement 130

Arkestro

MARCH 13, 2023

FRANK BATTINO – Director of Procurement & Logistics Services The Challenge Operational silos across disparate locations. Today, Holman’s procurement team is highly efficient and effective, using Arkestro to award projects to lower-cost and more qualified suppliers, helping improve business outcomes of their customers downstream.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Procurement Bidding 52

Procurement Tactics

JUNE 28, 2023

Budget and Cost Control Procurement expenditures, monitoring variations in the cost and identifying opportunities for savings, and avoiding unnecessary costs shall be monitored in accordance with the approved budget. It also ensures that the procurement process is aligned with financial targets and objectives.

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Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting 178

Jaggaer

APRIL 22, 2019

With that, global businesses are committing to key sustainability objectives such as reducing greenhouse gas emissions , eliminating slave labor , avoiding plastics , conserving water used in production , tapping into renewable energy sources and more. Start making better sourcing decisions today with the Value-Based Sourcing Checklist.

Sustainability 91

Sustainability Supply Chain Efficiency Procurement supply chain software solutions 91

SCMDOJO

AUGUST 21, 2023

Impact on Supply Chain: The realm of Supply Chain has witnessed a profound impact courtesy of Professor Rodriguez, a distinguished Supply Chain Management instructor and seasoned logistics professional. With a focus on simplifying complex concepts, the account shares valuable insights, industry trends, and best practices.

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

Procurement Leaders

FEBRUARY 3, 2023

On the outbreak of Russia’s invasion, DuPont thought the conflict would have little bearing on its procurement operations as it sourced “almost nothing” from Ukraine. “On the other side, is the very deep relationship integration with the businesses and the commercial teams.

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Risk Risk management Import Price 130

Una

SEPTEMBER 5, 2023

Addressing the possible risks associated with GPOs There’s no doubt that procurement professionals are feeling the pressure to deliver cost savings and value in today’s economic environment. We also know that procurement teams are oftentimes understaffed and missing the resources they need to maximize their efforts.

Risk 52

Risk Purchasing Procurement strategies Contract 52

Arkestro

MAY 23, 2022

Transportation, logistics, and scarcity of materials were to blame. National logistics have been a problem. It must be that lumber shortage… Rising demand and logistics challenges may be there, but they are not the real reason why we have been living through supply chain disruption. was short 80,000 truck drivers.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply chain Real-time Visibility Supply 52

Una

APRIL 25, 2023

Struggling to find time in procurement also harms the ability to drive continuous improvement. Why are Sourcing Heroes so often time-poor in procurement? Procurement functions are often understaffed , and staffers may not have access to the technology or tools they need to work efficiently.

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Procurement supply chain budgeting Supply Chain Efficiency Contract 94

Arkestro

DECEMBER 12, 2023

Resources / Blog / Unwrapping Holiday Shopping Insights: Trends, Tactics, and Tips for Procurement in 2023 Unwrapping Holiday Shopping Insights: Trends, Tactics, and Tips for Procurement in 2023 The holidays are here, meaning people all around the globe are attending festive parties, baking tasty treats, and — of course — shopping for gifts.

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