Una

SEPTEMBER 14, 2022

In this episode of The Sourcing Hero podcast, Host Kelly Barner welcomes Rohit Hajela. Rohit started his career working in product development, and over time that evolved into vendor management roles in procurement. Latest Episodes from The Sourcing Hero Podcast. Una’s team of Sourcing Advisors are here to help.

Risk 119

Risk Vendor management Purchasing Product development 119

IBM Supply Chain Blog

FEBRUARY 19, 2024

Why supply chain management matters Supply chain management involves coordinating and managing all the activities involved in sourcing , procurement, conversion and logistics. It includes everything from product development and strategic decision-making to information systems and new technologies.

supply chain software solutions 86

supply chain software solutions Supply chain management Supply chain management Supply Chain Efficiency 86

SCMDOJO

MARCH 19, 2024

Inventory Analysis: The inventory analysis involves collecting data on the energy and material inputs, outputs, and environmental emissions associated with each stage of the product’s life cycle. This data is typically collected from a variety of sources, including industry databases, government reports, and primary research.

Inventory 84

Inventory Sustainability Supply Chain Optimization Raw materials 84

Let's Talk Supply Chain

JANUARY 9, 2023

15.34] A deeper dive into TraceGains Gather, a marketplace that invites customers to “experience sourcing nirvana.”. 19.56] A closer look at TraceGains’ configurable solutions for product development, which support customers in creating new formulas and finished goods. Let’s just get all these companies to connect.”.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Food and Beverage Supply Chain supply chain software solutions Supply Chain Efficiency 52

Spend Matters

OCTOBER 17, 2023

The progression of existing macroeconomic trends, combined with the proliferation of new technologies such as generative AI, have forced software providers to make crucial product development and resource allocation decisions.

Innovation 94

Innovation supply chain software solutions Supply Chain Efficiency Procurement 94

Una

FEBRUARY 20, 2023

Elements of a Diversified Procurement Strategy A diversified procurement strategy will utilize both traditional and nontraditional methods of sourcing to drive cost savings and value. Here are some modern sourcing techniques you can incorporate into your procurement strategy. This can help to create mutually beneficial relationships.

Procurement strategies 98

Procurement strategies Strategy Procurement Agile and Lean Supply Chain 98

Procurement Tactics

DECEMBER 6, 2022

Spend management usually includes strategic procurement processes such as category management, supplier management, inventory management, and product development. . Thus, the first step is to know the sources of expenditure which encompasses both direct and indirect spending. . Enhancing Spend Management Process.

Spend management 172

Spend management Management Real-time Visibility Budget 172

SCMDOJO

DECEMBER 28, 2023

This report highlights that 97% of respondents anticipate AI impacting product development and manufacturing. #2 5 Cloud-Based Solutions Around 78% of respondents , companies like yours, are currently evaluating technology solutions to enhance operational efficiency for new product development.

Supply Chain Efficiency 74

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization supply chain software solutions 74

IBM Supply Chain Blog

FEBRUARY 13, 2024

The quality of outputs depends heavily on training data, adjusting the model’s parameters and prompt engineering, so responsible data sourcing and bias mitigation are crucial. This includes technical documentation, user manuals and other relevant materials that accompany software development.

Data 122

Data Ethics Quality Project management 122

ivalua

JANUARY 20, 2016

The world of manufacturing is quickly evolving, driven by production modernization, materials innovation, big data, and a new type of workforce. Analytics needs to serve as your primary compass for product development and how you bring your products to market. Mastery of analytics.

Collaboration 100

Collaboration Risk management Risk Suppliers 100

Empowering CPO

NOVEMBER 20, 2020

The answer lies in their sourcing capabilities, their ability to ensure year on year increase in savings and their ability to increase spend under management. For these organization Procurement & Sourcing is a strategic arm and has helped them achieve competitive advantage.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Quality 52

The Procuretech Podcast

OCTOBER 17, 2023

Solving the procurement talent shortage through automation The episode looks at why smaller organisations often are better off buying an off-the-shelf Source-to-Pay solution, rather than pursuing in-house custom product development.

Product development 40

Product development Procurement team Procurement Sustainability 40

Supply Chain Game Changer

DECEMBER 9, 2020

The list is long: Inventory management is handled through your ERP Your product development team works through the PML Sales and marketing are housed in the CRM And it feels like half the company is still managing product data in spreadsheets. Your PIM is the software you use to manage all your product information in one place.

Inventory 98

Inventory supply chain software solutions Management Supply Chain Optimization 98

Procurement Tactics

MAY 12, 2023

Additionally, it focuses on supporting innovation and productivity, developing skills and talent, and promoting feasible and responsible business practices.

Export 192

Export Import Sustainability Negotiation 192

Una

JANUARY 8, 2024

Boosting Business Growth With the Help of a Group Purchasing Organization A playbook for boosting business growth, moving beyond the outdated perceptions of procurement, and turning it into one of your organization’s most important sources of value. DOWNLOAD PLAYBOOK Table of Contents Introduction What Exactly *Is* Value Creation?

supply chain budgeting 52

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

The Good Spending

AUGUST 16, 2022

Design for Excellence (DfX) in Supply Chain DfX or early product design affects the cost, quality, and product development cycle. At least 75% of the product cost is committed during the design and planning activities. So, the earlier the supply chain function is involved in product development, the more value it adds.

Supply Chain Efficiency 52

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

SCMDOJO

JANUARY 30, 2023

She first started off as a Plant Manager at Eaton and then went on to become the VP of Global Sourcing at Honeywell International. She oversaw the entire manufacturing operations, as well as the sales, marketing, technology and product development side of the business.

Agile and Lean Supply Chain 118

Agile and Lean Supply Chain Supply Chain Efficiency supply chain budgeting Supply chain 118

SupplyShift

NOVEMBER 12, 2021

Many businesses are struggling with how to scale their responsible sourcing programs. However, when it comes to embedding responsible sourcing into the DNA of your organization, our panelists argue that culture change alone is not enough. Keep this in mind as you go about creating your own responsible sourcing policies and practices.

supply chain budgeting 52

supply chain budgeting Sustainability Supply Chain Efficiency Supply chain 52

SupplyShift

NOVEMBER 12, 2021

Many businesses are struggling with how to scale their responsible sourcing programs. Procurement owns the budget, sets sourcing standards, and often directly manages supplier relationships. has created SOPs to ensure that sustainability is integrated into the business across all departments, from sourcing to marketing.

supply chain budgeting 52

supply chain budgeting Sustainability Supply Chain Efficiency Supply chain 52

IBM Supply Chain Blog

APRIL 1, 2024

Accelerating product modernization GenAI has the power to automate manual product modernization processes. GenAI technologies can survey publicly available sources, such as press releases, to collect competitor data and compare the current product mix to competitor offerings.

Innovation 82

Innovation Business strategy Data Strategy 82

IBM Supply Chain Blog

AUGUST 28, 2023

With nearly 5 billion users worldwide—more than 60% of the global population —social media platforms have become a vast source of data that businesses can leverage for improved customer satisfaction, better marketing strategies and faster overall business growth.

Data 55

Data Influencing Strategy Product development 55

Barkers Procurement

FEBRUARY 25, 2024

Cost trends associated with a particular product or technology may inform future product development strategies, or outline the focussed trend of an industry or the competition. The data available to Procurement functions from digital software can also be advantageous to other business areas.

Procurement 52

Procurement supply chain software solutions Contract 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] ). SCM is also called the art of management of providing the Right Product, At the Right Time, Right Place and at the Right Cost to the Customer. Source: [link] ). Source: [link] ).

Supply chain management 72

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

IBM Supply Chain Blog

MARCH 25, 2024

Instead, it can help content creators across many functions, such as marketing, customer support, product development, operations, and more. Understanding the potential of generative AI Generative AI isn’t just for one area of a business. The study found 95% of respondents agree that generative AI will be a game changer.

Supply Chain Optimization 102

Supply Chain Optimization Supply Chain Efficiency Supply chain Supply 102

Supply Chain Game Changer

MARCH 26, 2019

In my Manufacturing experience the Procurement function was essentially split between Commodity Management (or Strategic Sourcing) and Tactical Buying. They would be responsible for Supplier selection, negotiations, terms and conditions, sourcing decisions, competitiveness, and performance management. Commodity Management.

Category management 62

Category management Management Strategic sourcing Strategic sourcing 62

Supply Chain Game Changer

APRIL 25, 2022

A specialized development staff, on the other hand, saves time and money. Rather of paying an in-house team’s salary plus all other expenditures, you save time and money by employing a specialized development team. Your product development budget won’t go over. Quickest Turnaround.

supply chain software solutions 94

supply chain software solutions supply chain budgeting Supply Chain Efficiency Quality 94

Planergy

OCTOBER 4, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Businesses can collect structured, semi-structured, and unstructured data from various sources such as cloud computing and storage, mobile apps, Internet of Things (IoT) gadgets, supply chain software, and other sources.

Data 52

Data Import supply chain software solutions Quality 52

Supply Chain Game Changer

AUGUST 13, 2022

Borrowers of payday loans are often low-income individuals who do not have access to conventional sources of credit. Many of the products developed as alternatives to payday loans are just not as handy or simple to use. Who are the people who take out payday loans? However, as previously said, this is easier said than done.

Supply chain 96

Supply chain Product development Supply Sourcing 96

IBM Supply Chain Blog

SEPTEMBER 19, 2023

The benefits of data analytics Business decision-makers can perform data analytics to gain actionable insights regarding sales, marketing, product development and other business factors. IBM’s data science and AI lifecycle product portfolio is built upon our longstanding commitment to open source technologies.

Data 81

Data Quantity Strategy Product development 81

ivalua

MARCH 16, 2020

Optimization of the entire source-to-pay process for nearly all Körber locations worldwide. In order to establish a unified and consistent source-to-pay process throughout the entire Group, Körber was looking for a fully integrated e-procurement solution.

Agile and Lean Supply Chain 49

Agile and Lean Supply Chain Procurement Supply Chain Efficiency Chief Procurement Officer 49

Zycus Cognitive Procurement

JANUARY 20, 2023

ESG Adoption and Integration: As the business dynamics continue to change, so do the sourcing and procurement mandates. On a similar note, the concept of “co-creation” is prevalent in creating supply ecosystems, as suppliers and customers can furnish the best feedback for products, thereby assisting in the product development process.

supply chain software solutions 52

supply chain software solutions Supply chain resilience Procurement Supply Chain Efficiency 52

Supply Chain Opz

SEPTEMBER 14, 2013

Customer need to make a quick decision otherwise the next day the products they want will be gone. So customer visits Zara''s stores to see new products more often and this creates the huge amount of traffic and revenue. The reason is that they believe the in-house production help them to increase the overall flexibility.

Supply chain management 91

Supply chain management Supply chain management Agile and Lean Supply Chain Supply chain 91

The Thomas Blog

APRIL 12, 2024

Sales lead generation is the process of identifying and convincing potential customers or prospects who have shown interest in your company's products or services to become actual revenue sources. Lead generation involves the application of some (or all) of a basket of strategies and tactics across multiple channels.

Strategy 52

Strategy Real-time Visibility Networking Buyers 52

Procurement Software

FEBRUARY 14, 2023

I wanted to bring you the key criteria that you should consider when sourcing or considering a digital procurement solution. I’ve been in a situation in my career where we’ve had an e-sourcing tool that has been so complex to use that even experienced, tech-savvy procurement professionals just didn’t use it.

supply chain software solutions 72

supply chain software solutions Procurement Price Sourcing 72

Empowering CPO

JUNE 30, 2023

These services can range from strategic sourcing and supplier management to purchase order management and invoicing. This not only results in significant cost savings but also fosters innovation, as businesses can source from a global pool of suppliers, accessing the best products, services, and technologies available.

Management 40

Management Procurement Supply Chain Efficiency Strategic sourcing 40

IBM Supply Chain Blog

DECEMBER 20, 2023

Starbucks also paid careful attention to its supply chain, ensuring is products were ethically sourced and offering specialty drinks that in some geographic locations could be difficult to find. The company’s early focus on talent management for service employees was a major differentiator, as well.

Business strategy 75

Business strategy Strategy Leadership Ethics 75

Zycus Cognitive Procurement

APRIL 4, 2022

Organizations leveraging cost savings by expanding their geographic presence and sourcing worldwide incur risk. Companies rely on complex, multi-faceted, interconnected networks that make up their supply chain. According to McKinsey, every 3.7 years, there will be an event that causes a supply chain disruption for at least a month.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Risk Supply chain 52