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
If you’re a supplychainmanagement professional, you’re probably aware of how important it is to continuously improve your skills and knowledge in this field. Fortunately, there are numerous courses available to help you develop your expertise in supplychainmanagement, regardless of your level of experience.
“Never waste a good crisis” is a phrase worth pondering in the realm of digital transformation for supplychains. Historically, major companies neglected supplychain transformation and digital investments until global disruptions, such as the Covid pandemic, forced a change. 22, at 10:00 AM PST.
Subscribe to SupplyChain Game Changer. The Disintermediation of the SupplyChain! Integrated SupplyChainManagement article and permission to publish here provided by Tyrone Fisher. Most businesses are aware how important a supplychain is to operations. GET our EBOOK HERE.
Below is Part 6 of the 7-Part Dangerous SupplyChain Myths series , where I provide an extensive breakdown of the ISM, CAPS, and AT Kearney report originally released in May 2007. Are you in the software business or the procurement business? In this situation the software errantly becomes the focal point.
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. Instead, he noted, we had to choose our solutions in a more targeted and perhaps even piecemeal fashion.
Office of Management and Budget (OMB) estimates federal grants to states and local governments in FY2019 totaled nearly three quarters of a trillion dollars. In order to address broad, influential priorities like emergency management or public safety, administrations must find ways to deliver necessary funding. Reason No. Reason No.
Sourcing Innovation Launch Date: June 2006 Overview: Authored by Michael Lamoureux, a Computer Science PhD, Sourcing Innovation focuses on procurement technology, strategic sourcing, and supplychainmanagement. It targets sourcing managers and procurement professionals with actionable content.
Subscribe to SupplyChain Game Changer. SupplyChain Education and Certification – What’s Missing? The supplychain and logistics fields are among the fastest growing career fields. Some candidates believe it pays to major in a subject like management, computer science, or finance.
While the procurement industry is consistently evolving and shifting, supplymanagement professionals across the globe have had to quickly prepare for change and innovation in technology, business regulations, and the general speed of commerce. . Disruptions in global supplychains, labor market shortages, strong consumer demand.
Argentus is a boutique recruitment firm focused on SupplyChain and Procurement. It’s no secret that transparency is the name of the game in today’s world-class SupplyChains. It’s a technology that the SupplyChain trade press is buzzing about, and also one that lots of companies are taking a closer look at: Blockchain.
An S2P suite automates spend/supplymanagement processes primarily in procurement, accounts payable and inbound supplychainmanagement, but also other areas within Legal (e.g., contract management), Finance (e.g, working capital management, treasury and FP&A), R&D (e.g.,
Supplychainmanagement is critical to achieving several business objectives. Read about how a British supercar manufacturer took control of its supplychainmanagement and became more efficient and profitable. This bottleneck caused issues up and down the supplychain. The Solution.
In the dynamic landscape of supplychainmanagement, precise terminology is paramount. Sourcing plays a crucial role in building strong supplier relationships and achieving cost-effectiveness in the supplychain. Stocking: Stocking relates to the physical storage and management of inventory within a supplychain.
Subscribe to SupplyChain Game Changer. It was one of the first Learning Management Systems (LMS) to hit the world of online education and remote courses. What makes Canvas amazing is that it is open-source, which makes it possible to focus on actual learning instead of trying to make the software work. Subscribe Here!
Over the past two years, we’ve seen how supplychains are constantly changing and facing uncertainties. In addition, CPOs and procurement managers should discover new strategies to satisfy their objectives in order to obtain greater outcomes without having to spend more money. .
To new members of a Procurement & Purchasing team, it’s important to understand the role of managing spend and its impact on organizational success. At its core, managing spend refers to the process of strategically controlling and optimizing the financial resources allocated for procurement and purchasing activities.
Resources / Blog / What does a Procurement Manager do? Job Description, Skills, and Qualifications What does a Procurement Manager do? Procurement managers play a key role in this rapid growth, helping organizations optimize costs, negotiate favorable terms with suppliers, and ensure financial efficiency. from 2023 to 2030.
From practitioners perspective , spend analysis usually involves a black box method, an expensive software system and its the thing for multinational corporations. Data classification seems to be the heart of any spend analysis software. SupplyChain Case Study: Executives Guide. Is Apple SupplyChain Really the No.
If you want to search the whole range of procurement tech companies out there beyond just startups, then check our our free software directory. Focal Point Focal Point is a growing Atlanta-based procurement startup offering a unique solution tacking three different challenges within procurement.
A procurement strategy allows an organization to navigate an increasingly complex global supplychain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. When implemented with clear objectives, the procurement strategy will provide a roadmap for procurement managers to follow.
The Essential Guide to Source to Pay, Source to Contract, and Procure to Pay Whether youre new to the world of procurement and supplychainmanagement, or a seasoned veteran; whether you work in a major manufacturing industry, a university, or a medium-sized clinical research organization, you may find procurement jargon rather confusing.
To succeed in this field, procurement professionals must possess a variety of competencies, ranging from negotiation and supplier management to risk assessment and financial analysis. Improve spend management by implementing a buying plan Effective spend management is crucial for any organization’s financial health.
Causes like supplymanagement, marketing strategies and planning are all things businesses should focus on to prevent surpluses and shortages as much as they can. Continue reading for more information about shortages and surpluses and how Finale Inventory’s scalable inventory management system can help your business thrive.
In this test case, the public sector organization realized a year-over-year 23% cost of goods savings for seven consecutive years while simultaneously reducing the number of buyers required to manage the contract to 3 from an original 23. The Dangerous SupplyChain Myths series was based on my review of the ISM, CAPS and A.T.
By effectively managing the purchasing process, companies can better control their expenditures and optimize their supplychain, ensuring the availability of the right products and services at the right time. Supplier management systems: Tools that help track, evaluate, and manage supplier relationships and performance.
Procurement, or Purchasing, is an area of SupplyChain that involves and requires very specific skills and expertise. Spend analysis can be conducted using a variety of tools, from deploying the most cutting-edge source-to-pay software to using PivotTables in Microsoft Excel spreadsheets. Subscribe Here! Email Address.
The globalized world relies on efficient and well-coordinated supplychains. Understanding this distinction is essential for anyone entering the procurement, purchasing, or supplychain field. It specifically focuses on the physical movement, storage, and coordination of goods and information within the supplychain.
We also caught up with practitioner clients and contacts who were in attendance to kick the proverbial tires and learn more about the ‘space’ (which is partially about intake management, but also concerns broader orchestration, which can mean everything from process coordination/integration to next-gen management of procurement itself).
Proper storage of medical supplies is vital for ensuring the quality and integrity of these important items. This guide covers the importance of proper storage for medical supplies and discusses various storage solutions to help you optimize your inventory management.
trillion) are locked up in net working capital in today’s supplychains. The bullwhip effect is a distribution channel phenomenon in which forecasts yield supplychain inefficiencies. It refers to increasing swings in inventory in response to shifts in customer demand as one moves further up the supplychain. “
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