Spend Matters

MARCH 18, 2024

Day one — which Spend Matters did not attend as it was for customers and partners only — consisted of solution-focused sessions covering various topics: AI and generative AI, risk management, external workforce management, etc. Regarding sustainability, the last customer presentation on the main stage was delivered by Northvolt.

Procurement 91

Procurement Raw materials Sustainability Risk 91

NLPA (Next Level Purchasing Association)

APRIL 8, 2024

Understanding Supply Chain Management (SCM) Supply Chain Management (SCM) refers to the broad oversight of the entire flow of goods and services, from the very beginning (raw materials) to the very end (reaching the customer).

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization supply chain software solutions Logistics 52

Procurement Tactics

JUNE 5, 2023

For instance, if an organization in Europe sources raw materials from India, manufactures the product in China, and sells it to customers in its country, then its supply chain is global. Successfully managing these complexities requires robust strategies and effective risk management measures.

supply chain budgeting 192

supply chain budgeting supply chain software solutions Supply Chain Optimization Supply Chain Efficiency 192

Supply Chain Game Changer

FEBRUARY 25, 2022

With the increasing number and frequency of potential causes of disruption, it has become necessary to get third-party liability insurance to protect your business from unpredictable risk. As part of a company’s overall risk management strategy, it would be wise to consider getting insurance against disruptive events and activities.

Supply chain 94

Supply chain Raw materials Supply Risk 94

SCMDOJO

APRIL 22, 2024

Supply Chain Risk Management, or (SCRM for short), is an already expanding industry, and with artificial intelligence becoming more intelligent by the day, it’s going to be an integral part of any supply chain analysis. From natural disasters to cyberattacks and pandemics, the risks are varied and significant.

Agile and Lean Supply Chain 77

Agile and Lean Supply Chain Supply Chain Efficiency supply chain software solutions Supply chain 77

Procurement Leaders

DECEMBER 9, 2022

We are proactively communicating with top management to provide a heads-up in terms of financial target planning and support for action planning – both in terms of macro updates and raw-material price impacts.

Collaboration 162

Collaboration Supply Chain Efficiency Raw materials Supplier relationship management 162

Procurement Templates

SEPTEMBER 14, 2023

Life cycle assessments (LCAs) evaluate the environmental effects of a product from raw material extraction to disposal. Resource Conservation : Assess how suppliers manage and reduce resource consumption, including water, energy, and raw materials.

Sustainability 130

Sustainability Supply Chain Efficiency Procurement Ethics 130

SCMDOJO

OCTOBER 14, 2023

It comprises all elements from the origin (the raw material) to the consumption networks (end users). Initially, these were managed manually, but the intrusion of digital technologies revolutionized it. It manages pre-designed events for managing financial issues or transactions securely.

Supply Chain Efficiency 87

Supply Chain Efficiency supply chain software solutions Supply chain management Supply chain management 87

CPO Rising

OCTOBER 31, 2022

Enterprises continue to source a significant portion of raw materials and parts from Asia and other regions of the world. Over the last decade, supply chains have become more extended and complex. The consequences?

Raw materials 40

Raw materials Agile and Lean Supply Chain Supply Supply chain 40

NLPA (Next Level Purchasing Association)

MAY 8, 2023

For example, in 2011, Procter & Gamble implemented a new supply chain visibility system that allowed them to track products at every stage of the supply chain, from raw materials to finished products. This system helped them reduce inventory costs, improve customer service, and better manage supplier performance.

Supply Chain Visibility 52

Supply Chain Visibility Real-time Visibility supply chain budgeting Supply Chain Optimization 52

Procurement Leaders

DECEMBER 9, 2022

In the pharmaceutical world, it is very difficult and effort-consuming to change the supplier base of raw materials, meaning that supplier relationships are paramount. How important are supplier relationships to you in achieving your goals, especially during times of crisis? Why are they so important?

Suppliers 147

Suppliers Bill of materials Raw materials Supplier relationship management 147

Procurement Tactics

SEPTEMBER 19, 2022

Commonly, sustainability initiatives include identifying the source of raw materials, ensuring a safe workplace for employees, and reducing carbon emissions. . It offers a sustainable procurement impact assessment to identify spend categories with the most opportunity and risk. .

Sustainability 130

Sustainability supply chain software solutions Supply chain Supply 130

IBM Supply Chain Blog

FEBRUARY 19, 2024

In today’s complex global business environment, effective supply chain management (SCM) is crucial for maintaining a competitive advantage. They can also provide access to new markets, technologies, and expertise, offering a competitive advantage.

supply chain software solutions 88

supply chain software solutions Supply chain management Supply chain management Supply Chain Efficiency 88

IBM Supply Chain Blog

FEBRUARY 13, 2024

Organizations may also choose to vet each supplier to ensure their own sustainability practices align—from the suppliers of raw materials for production to those who provide shipping boxes. It also can help optimize transportation costs and service-level agreements as well as improve inventory management and visibility.

Strategic sourcing 85

Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 85

Skill Dynamics

OCTOBER 19, 2023

Frequent skills gaps include: Risk management – key for avoiding supply chain disruptions. Technology capabilities – updating tech knowledge such as software advancements in inventory management, supply chain optimization, and logistics. Robust risk management strategies.

Supply Chain Optimization 52

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

Arkestro

DECEMBER 12, 2022

And many consumers and advocacy groups are sensitive to the environmental impact of products or raw materials that may be harvested using forced labor. Managing Supplier Relationships. Improve risk management. Visibility provides regulatory and consumer assurance in the face of issues like counterfeiting.

Real-time Visibility 52

Real-time Visibility Procurement e2e Raw materials 52

FourKites

DECEMBER 23, 2020

One additional area of focus is risk management, which, if left unchecked, can cause unexpected expenses to skyrocket within the other three budget areas. One additional area of focus is risk management, which, if left unchecked, can cause unexpected expenses to skyrocket within the other three budget areas.

Supply Chain Efficiency 52

Supply Chain Efficiency Real-time Visibility supply chain budgeting Supply Chain Optimization 52

Barkers Procurement

JANUARY 26, 2024

How are suppliers managing the cost of goods sold (COGS)? What measures, such as product value engineering or alternative raw materials, can be implemented to mitigate pressures? What are the events impacting the end-to-end supply chain ? What are the benefits?

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Procurement e2e 52

Barkers Procurement

JANUARY 26, 2024

How are suppliers managing the cost of goods sold (COGS)? What measures, such as product value engineering or alternative raw materials, can be implemented to mitigate pressures? What are the events impacting the end-to-end supply chain ? What are the benefits?

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Procurement e2e 52

Barkers Procurement

AUGUST 2, 2023

How are suppliers managing the Cost of Goods Sold (COGS)? What measures such as product value engineering or alternative raw materials can be implemented to mitigate pressures? What are the events impacting the end-to-end supply chain?

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement e2e Agile and Lean Supply Chain 52

IBM Supply Chain Blog

DECEMBER 15, 2023

Fair trade practices Raw materials are crucial to supply and supporting local communities allows for businesses to keep running at a foundational level. Economic stability is just as important as environmental impact for farmers.

Sustainability 72

Sustainability Supply Chain Efficiency Raw materials Supply chain 72

Zycus Cognitive Procurement

JANUARY 24, 2023

Shortages in raw materials, energy, shipping, and labor required that CPOs performed at the top of their game to ensure business continuity. Technology: CPOs should look for an integrated platform to manage all the spending and processes, such as third-party risk, sourcing, supply chain, invoicing, contracting, and payments.

Procurement strategies 52

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

Arkestro

APRIL 25, 2023

The workforce shortage reached half a million this year , and many sectors continue to grapple with increased lead times, and volatile material costs. In fact, 71% of all companies said the cost of raw materials is the biggest threat to their supply chain in 2023. from February 2020 to August 2022.

Supply Chain Efficiency 52

Supply Chain Efficiency Sourcing supply chain budgeting Real-time Visibility 52

Procurement Heads

JUNE 28, 2022

This is particularly the case where businesses are looking for answers across the organisation to some of the challenges they have – whether those be inflation, supply security, availability of raw materials etc, the organisation is asking, ‘Who can help us explain what the situation is to our customers and consumers?’ ‘Who

Chief Procurement Officer 130

Chief Procurement Officer Supply Chain Optimization supply chain budgeting Innovation 130

Empowering CPO

JULY 17, 2023

From sourcing raw materials to securing high-quality services, procurement directly influences a company’s efficiency, productivity, and financial performance. Introduction The pivotal role of procurement in businesses cannot be overstated.

Procurement 52

Procurement Supply Chain Optimization Supply Chain Efficiency Strategic sourcing 52

Planergy

JANUARY 26, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Always have another supplier for any mission-critical raw materials in case there are issues of any kind with your primary suppliers. While that doesn’t sound like much, nearly $14 billion in cargo couldn’t dock.

Risk 52

Risk supply chain software solutions supply chain budgeting Supply Chain Efficiency 52

Procurement Templates

MARCH 3, 2024

Categories can range from raw materials, components, and finished goods to services such as IT, marketing, facilities management, and logistics. Risk Management : A PQQ helps procurement teams identify and mitigate potential risks associated with engaging suppliers or contractors.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

Empowering CPO

MAY 8, 2023

Importance of Risk Management in Procurement Procurement plays a critical role in the success of any organization, as it involves acquiring goods and services necessary for business operations. Finally, we will provide practical tips for incorporating risk management best practices into your organization’s procurement process.

Risk management 52

Risk management Risk Procurement strategies Strategy 52

Empowering CPO

JUNE 30, 2023

The advantages are multifaceted – cost savings, improved efficiency, access to expert knowledge, risk management, and the ability to focus on core business functions, to name a few. Their role is multifaceted, ranging from supplier management and spend analysis to contract negotiation and risk management.

Supply Chain Optimization 52

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

Procurement Software

MAY 2, 2023

He heads up the resilience lab at Interos , an enterprise risk management software solution. Managing risk in complex supply chains: Geraint John from Interos We’re going to be talking a little bit about supply chain risk and resilience, especially with some of the geopolitical challenges that we’re currently facing.

supply chain software solutions 52

supply chain software solutions Risk Supply chain Suppliers 52

Supply Chain Game Changer

FEBRUARY 27, 2019

Change is inevitable in modern supply chain management, and risk management is essential to success. Risks evolve and become more prevalent with time. Risk management strategies of yesteryear are ineffective in the changing landscape, and no type of transport can avoid risks. What to Do About It.

Risk 57

Risk supply chain software solutions Supply Chain Efficiency Supply chain 57

SCMDOJO

DECEMBER 28, 2023

6 Risk Management You should take on the responsibility of mitigating risk to maintain a stable supply chain during times of uncertainty. For instance, consider sourcing raw materials from a geographic area that is more politically stable if you currently source them from a volatile area.

Supply Chain Efficiency 74

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

Procurify

JULY 20, 2022

So, what are the common challenges purchasing managers face today, and how can they address them? Risk management and mitigation. Risk management and mitigation is a primary purchasing challenge today. Before, purchasing managers often prioritized spend management. Lack of visibility.

Purchasing 52

Purchasing Management Supply Chain Efficiency supply chain software solutions 52

Claritum

JUNE 13, 2019

Purchasing raw materials that are needed within a process industry (for example oil or chemicals). Cost (value) management. Risk Management. Change management – product/tools/people/organisation. Risk management through buying or reserving natural resources at key times, based on prediction (Intelligence).

Procurement 32

Procurement Supply Chain Efficiency Raw materials supply chain software solutions 32

Una

JUNE 8, 2023

[Bottom right] Bottleneck items: These are items that have a high supply risk but a low profit impact. Examples could be specialized raw materials or components that are difficult to source but don’t significantly affect the company’s profitability.

Suppliers 52

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

Supply Chain Game Changer

JUNE 16, 2020

While most jobs are not life threatening the level of risk is still prevalent. What are the risks that Supply Chain people deal with every day and what is Supply Chain Risk Management? Supply Chain Risk Management. I didn’t know it at the time but this was Supply Chain Risk Management.

Risk management 57

Risk management Supply Chain Efficiency Risk Supply chain 57

Supply Chain Game Changer

JANUARY 26, 2021

Here are a list of some pandemic induced reasons for this level of stress: Job loss Reduced work hours and/or pay Excessive hours, overtime, and 24-7 on-call availability No time off/vacation time Working from home and inability to separate work from family life Supplier lockdowns Supplier closures and bankruptcies Raw material inventory shortages (..)

Supply chain 61

Supply chain Real-time Visibility Supply e2e 61