Spend Matters

OCTOBER 31, 2024

Also, its approach could potentially change how the traditional sourcing process is executed. alternative raw materials and shape of parts), Design-to-Cost and Design-to-Value to add significant value to the platform users over time. However, True ValueHub’s vision extends beyond should-cost approaches.

Buyers 117

Buyers Raw materials Networking Suppliers 117

Procurement Tactics

APRIL 6, 2023

From sustainable sourcing , production, storage, and delivery, it monitors if these processes may cause harm to the environment and society. You can focus on slowly adopting a circular supply chain where the raw materials are recycled back into the production process. Is your company sourcing directly or through third parties?

Supply chain analysis 226

Supply chain analysis Sustainability Supply Chain Efficiency Supply Chain Optimization 226

Finale Inventory

JUNE 21, 2024

Raw materials play a crucial role in the field of ecommerce. This article aims to provide a comprehensive understanding of raw materials, including their definitions, formulas, types, and importance in the ecommerce industry. Raw materials play a fundamental role in the supply chain of ecommerce businesses.

Raw materials 52

Raw materials Import Supply Chain Efficiency Supply Chain Optimization 52

Spend Matters

APRIL 10, 2025

The last several years have brought a steady stream of disruptions from Brexit to Covid-19 to raw material shortages and geopolitical flare-ups that have served as stress tests. Our interview with Thomson Reuters is another useful source for getting to grips with tariffs, trade and compliance.

Procurement 101

Procurement Raw materials Risk Supply chain 101

SCMDOJO

OCTOBER 28, 2024

Procurement professionals can contribute significantly to the S&OP process by providing valuable insights into supply chain dynamics, identifying potential risks, and optimizing sourcing strategies. Risk Management: By understanding potential risks, procurement can develop contingency plans to ensure a continuous supply of materials.

Procurement 95

Procurement Supply Chain Optimization supply chain budgeting Supply Chain Efficiency 95

Finale Inventory

AUGUST 4, 2024

One important aspect of inventory management is tracking raw materials. Raw materials are the foundation of your products, and accurately tracking them in your inventory system is vital for maintaining optimal production levels and meeting customer demands. Monitoring these materials is important for several reasons.

Raw materials 52

Raw materials Inventory Real-time Visibility Strategy 52

Supply Chain Dive

JULY 12, 2023

Sole source models and a lack of raw material control are the product of short-term strategies, one Supply Chain Dive panelist said.

Raw materials 98

Raw materials Sourcing Supply chain Risk 98

Procurement Tactics

APRIL 13, 2023

Using environmentally-friendly materials Businesses should source sustainably produced raw materials that are made from recycled materials or products produced without harmful substances. What are bio-based materials? The usage of sustainable packaging is becoming a trend for many companies.

Sustainability 195

Sustainability Raw materials Procurement strategies Negotiation 195

Spend Matters

NOVEMBER 19, 2024

Overall, customers want tech that integrates diverse data sources, speeds up risk analysis and offers clear guidance on potential mitigation steps. We have expanded our risk management capabilities to offer detailed views of products, parts and raw materials, helping customers identify risks before they arise.

Risk management 113

Risk management Risk Management Real-time Visibility 113

Spend Matters

FEBRUARY 13, 2025

In his assessment, Utz previously excelled in the operational aspects of procurement, such as transacting business, supporting manufacturing operations and maintaining raw material inventory the day-to-day firefighting of procurement. In January 2023, Ron joined Utz to lead procurement through this transformational period.

Influencing 105

Influencing Procurement supply chain budgeting Strategic sourcing 105

Supply Chain Brain

JANUARY 2, 2022

So why not just cut out those intermediaries and deal directly with the actual supplier of raw materials? Today’s global supply chains are so complex that merely identifying all of the parties involved in getting product to market, especially where there’s the potential for fraud, can be hugely difficult.

Raw materials 98

Raw materials Sourcing Supply chain Suppliers 98

ProcurePort

JANUARY 20, 2022

Procurement teams rely on a multitude of frameworks to source and supply needed goods, services, and raw materials. A direct purchasing system (DPS) is a contemporary mode of procurement that has been adopted by numerous enterprises. This ‘free […].

Purchasing 130

Purchasing Raw materials Procurement team Sourcing 130

ProcurePort

APRIL 1, 2021

Procure-to-pay, also known as purchase-to-pay (P2P) is a fundamental procurement process designed to source and pay for the raw materials and or services needed by an enterprise to produce finished goods. […]. What is the role of a procure-to-pay portal in the P2P cycle?

Raw materials 130

Raw materials Procurement Purchasing Sourcing 130

SCMDOJO

FEBRUARY 15, 2025

These include alternative sourcing strategies, backup transportation routes, and emergency inventory reserves. Running simulations of potential supply chain disruptions such as raw material shortages, port closures, or demand surges allows businesses to determine the best course of action before a crisis occurs.

Project management 84

Project management Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization 84

Supply Chain Brain

AUGUST 20, 2023

and China provides yet another reminder of why American high-tech manufacturers need to diversify their supply of critical raw materials. The latest skirmish in the trade war between the U.S.

Global sourcing 98

Global sourcing Raw materials Sourcing Strategy 98

Procurement Tactics

SEPTEMBER 13, 2022

From raw materials sourcing to production, storage, and delivery, it monitors if these processes may cause harm to the environment and communities. . The reduction in waste by reusing and recycling the materials establishes a balance where input is equivalent to output. . Frequently asked questions. LEARN MORE.

Supply Chain Efficiency 183

Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain Sustainability 183

Strategic Sourceror

JANUARY 20, 2023

When transportation centers near critical waterways are unable to deliver goods beyond their central distribution points, manufacturers located further inland are unable to source the raw materials needed to deliver finished products. Flooding could severely impact the resiliency of global supply chains.

Supply chain 142

Supply chain Raw materials Supply Strategic sourcing 142

Procurement Templates

MARCH 3, 2024

I asked my assistant to help me mock up a strategic sourcing framework and she did a fairly good job but made a few mistakes. By the way, when doing sourcing preparations it doesn’t mean that you can’t work on multiple parts at once and go back and forth before the tender is issued but there is a typical order.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

Procurement Tactics

NOVEMBER 25, 2022

Recession economies also see a decline in production and manufacturing as a result of more expensive raw materials. . The government contracting market has traditionally been a reliable source of income for contractors, even during times of economic downturn. Consumer spending dipped during the pandemic but bounced back 9.1%

Raw materials 195

Raw materials Bidding Contract Suppliers 195

IBM Supply Chain Blog

JANUARY 31, 2024

Sourcing isn’t just a concern for procurement teams. The sourcing process sits within supply chain management and is used for identifying, vetting and selecting the best suppliers. The sourcing process sits within supply chain management and is used for identifying, vetting and selecting the best suppliers.

Sourcing 91

Sourcing supply chain budgeting Supply Chain Efficiency Agile and Lean Supply Chain 91

Supply Chain Brain

OCTOBER 16, 2024

GM is aiming to source more of its raw materials for electric vehicles from the U.S, to manage battery cell costs and decrease its reliance on imported materials.

Raw materials 98

Raw materials Sourcing Import Management 98

Procurement Tactics

JUNE 28, 2023

Commodities are Tangible products, which usually refer to raw materials that are used as inputs in producing other goods and services. Commodity Trading is the exchange of essential raw materials and goods. Commodity Trading is the exchange of essential raw materials and goods. What is Commodity Trading?

Raw materials 178

Raw materials Supply Chain Efficiency Price Market analysis 178

Procurement Insights

NOVEMBER 26, 2024

“Clearly, tariffs will raise costs for imported and domestic raw materials (steel, aluminum, plastic resins, wood, paper, etc.). Diversification : Diversify sourcing strategies to reduce dependency on materials from countries heavily impacted by tariffs. ” – Rod Sherkin , ProPurchaser.com Inc.

Raw materials 52

Raw materials Price Negotiation Suppliers 52

Arkestro

MAY 2, 2025

Tier 3 Suppliers Provide raw materials (metals, rubber, and plastics), sourced all over the world. Learn how Arkestro can support your automotive sourcing strategy. Predictive Procurement provides supplier rankings for slow response time, ethical practices, and cost to offer up alternative suppliers to engage with.

Suppliers 52

Suppliers Raw materials Procurement Ethics 52

Spend Matters

JUNE 19, 2023

In this article, our analyst Bertrand Maltaverne looks at sourcing optimization. What does a Sourcing Optimization solution do? Why buy a Sourcing Optimization solution Intended to yield optimal sourcing decisions in large/complex sourcing events (i.e.,

Sourcing 98

Sourcing Bidding Price Suppliers 98

SCMDOJO

APRIL 24, 2025

Raw materials, energy, and labor go into making goods that never get used. Businesses need to redesign how they source materials, manage logistics, and coordinate fulfillment. Parts produced early in the cycle may no longer fit revised designs or meet updated performance standards.

Demand 97

Demand Inventory Agile and Lean Supply Chain Supply Chain Efficiency 97

Supply Chain Brain

NOVEMBER 21, 2023

Sphera said its tool gives businesses information regarding lead times for sourcing raw materials, risk events and real-time data on potential supply chain disruptions.

Risk 98

Risk Raw materials Supply chain Sourcing 98

Procurement Tactics

JANUARY 12, 2023

In procurement, many companies freelance procurement professionals to support or help them optimize their sourcing and procurement processes. Additionally, a procurement analyst provides procurement managers with an analysis of the raw material development, market situations, and current supplier base. Sourcing Specialist.

Procurement 187

Procurement Raw materials Sourcing Suppliers 187

SCMDOJO

APRIL 27, 2022

For the production, the appropriate raw material is sourced or produced based on the details provided by the fashion designers in the previous step. Next, the raw materials are used to manufacture and put together the designs. The next step after the designs are finalized the production of the clothing.

Supply chain management 138

Supply chain management Supply chain management Supply Chain Efficiency Supply Chain Optimization 138

Procurement Tactics

JUNE 8, 2023

If you want to determine the source of your products, you will also need data on manufacturing and raw material costs. Optimizing logistics through route planning allows for timely and efficient transportation of both raw materials and finished products.

Supply Chain Optimization 211

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency supply chain software solutions 211

Supply Chain Game Changer

JANUARY 18, 2022

For many years the predominant priority in sourcing has been finding the lowest cost possible. What is the appropriate sourcing strategy going forward? Should you keep work in low cost geographies, establish sources in multiple geographies, or on-shore work into high cost domestic countries? Geographic Sourcing History.

Sourcing 93

Sourcing supply chain software solutions Supply chain Raw materials 93

Procurement Tactics

SEPTEMBER 14, 2022

These activities range from the supply of raw materials to the distribution and the management of the lifecycle of products. . When you go out of a building, it is most likely that the trucks you are seeing use diesel as a fuel source since it is the most affordable option. Negotiation Gamechanger Certificate Program.

Sustainability 178

Sustainability Logistics Raw materials Supply Chain Efficiency 178

Spend Matters

AUGUST 22, 2023

When price rises for raw materials, such as copper or wheat, are market-driven or are defined by market fluctuations, the procurement professional can be sure their supplier will be on the phone to set expectations of cost increases. before even creating a sourcing event.” before even creating a sourcing event.”

Raw materials 97

Raw materials Suppliers Buyers Price 97

Procurement Tactics

JUNE 7, 2023

Purchase price variance (PPV) is a measure of the difference between the actual cost paid for a product or raw material and the standard cost that was expected to be paid. Whenever the cost of raw materials or components increases, purchase price variances are likely to ensue. Price Purchase Variance: What is it?

Price 130

Price Purchasing Raw materials Negotiation 130

The Network Effect

JANUARY 18, 2024

In a world of perpetual disruption, your organization will need optionality – multiple sourcing for key products, parts and raw materials.

Raw materials 89

Raw materials Supply chain Sourcing Supply 89

Spend Matters

APRIL 15, 2025

With raw materials, equipment and maintenance making up the bulk of their expenditures, procurement professionals in manufacturing are turning to AI to gain deeper insights and stronger control over their supplier networks.

Real-time Visibility 72

Real-time Visibility Procurement e2e Supply Chain Efficiency 72

Procurement Leaders

DECEMBER 9, 2022

With operations all over the world, and sourcing offices in Denmark, North America and China, its supply chain is exposed to a huge scope of complex challenges, across categories of spend including agriculture, chemicals, and enzymes, among others.

Collaboration 162

Collaboration Supply Chain Efficiency Raw materials Supplier relationship management 162