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 97

Global sourcing Raw materials Sourcing Strategy 97

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 92

Raw materials Supply chain Sourcing Supply 92

IBM Supply Chain Blog

FEBRUARY 13, 2024

For sourcing teams, that means pivoting their mindset around selecting suppliers from a tactical, lowest-cost-above-all approach to a strategic one. Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals. And from that group, 71% would pay a premium for it.

Strategic sourcing 86

Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 86

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 97

Risk Raw materials Supply chain Sourcing 97

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

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 97

Raw materials Sourcing Supply chain Suppliers 97

Skill Dynamics

JUNE 7, 2022

In the 1970s and 80s, savvy organizations began to realize that they could make significant savings by sourcing raw materials and parts from markets such as Taiwan, Singapore, and China. Now, many organizations are looking to reverse this transition and re-shore or near-shore their sourcing and/or manufacturing.

Sourcing 52

Sourcing Raw materials Supply chain Risk 52

World of Procurement blog

APRIL 23, 2024

A manufacturer is a party in the supply chain that transforms raw materials into finished products. Sourcing : Choosing suppliers that provide the goods and services needed to create the product. Sourcing : Choosing suppliers that provide the goods and services needed to create the product.

Supply chain management 52

Supply chain management Supply chain management Supply Chain Efficiency Supply Chain Optimization 52

World of Procurement blog

APRIL 23, 2024

A manufacturer is a party in the supply chain that transforms raw materials into finished products. Sourcing : Choosing suppliers that provide the goods and services needed to create the product. Sourcing : Choosing suppliers that provide the goods and services needed to create the product.

Supply chain management 52

Supply chain management Supply chain management Supply Chain Efficiency Supply Chain Optimization 52

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 Procurement 130

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

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 77

Sourcing Bidding Price Suppliers 77

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

Arkestro

MARCH 13, 2023

Automotive sourcing is complicated, and few supply chains are as complex. Automotive parts shortages add to the layers of complexity in your automotive sourcing strategy. Sourcing Scenario Picture this, you are on an automotive sourcing team (or maybe you don’t have to imagine because you already are!),

Sourcing 52

Sourcing Strategy Raw materials Supply Chain Optimization 52

Arkestro

MARCH 13, 2023

Resources / Blog / 3 Ways Arkestro Can Assist With Your Automotive Sourcing Strategy 3 Ways Arkestro Can Assist With Your Automotive Sourcing Strategy Automotive sourcing is complicated, and few supply chains are as complex. Automotive parts shortages add to the layers of complexity in your automotive sourcing strategy.

Sourcing 52

Sourcing Strategy Raw materials Supply Chain Optimization 52

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

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 69

Raw materials Suppliers Price Buyers 69

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 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

Spend Matters

JANUARY 17, 2024

To customers: ChAI’s solution is used by companies of varying sizes globally, particularly in the food production, FMCG, automotive and consumer healthcare sectors, that want to efficiently manage raw material costs and make informed decisions in the face of market uncertainties. This content is for members only.

Raw materials 56

Raw materials Supply Chain Efficiency supply chain budgeting Strategic planning 56

Procurement Insights

MARCH 18, 2024

“Supply chain visibility refers to the ability to track and monitor products, materials, and information as they move through the various stages of a supply chain, from the sourcing of raw materials to the delivery of the final product to the end consumer. Keep that in mind.

Supply Chain Efficiency 80

Supply Chain Efficiency e2e Supply chain Real-time Visibility 80

Spend Matters

APRIL 4, 2024

Our coverage also explores the latest thought leadership topics about procurement and supply, the technology that serves it and comparative analyses based on demos and the scoring of 500+ RFI requirements across 12 source-to-pay (S2P) categories that create our Vendor Ranking data.

Procurement 84

Procurement Risk management Raw materials supply chain software solutions 84

Arkestro

DECEMBER 5, 2022

With globalization, raw materials may come from across the globe. Unique obstacles have caused many companies to re-evaluate their sourcing strategies. Raw Materials Shortages. For instance, raw materials like wheat and corn could become more scarce with the Russia-Ukraine conflict.

Raw materials 98

Raw materials Procurement Agile and Lean Supply Chain Supply Chain Optimization 98

Arkestro

APRIL 25, 2023

Resources / Blog / Reducing Construction Costs & Improving Sourcing Efficiency with Predictive Procurement Reducing Construction Costs & Improving Sourcing Efficiency with Predictive Procurement Construction companies face a host of challenges in the post-COVID era. from February 2020 to August 2022.

Supply Chain Efficiency 52

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

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

ivalua

SEPTEMBER 7, 2022

The global industrial minerals group will deploy Ivalua’s Spend Management platform across five continents to digitize the Source-to-Requisition (S2R) process. Imerys will implement Ivalua’s full source-to-pay suite including all spend analysis. The solution will target all indirect commodities as well as raw materials and equipment.

Purchasing 130

Purchasing Suppliers Raw materials Management 130

Arkestro

MAY 16, 2022

Using a huge range of raw materials for production, companies in this industry supply chemicals to virtually every sector. Shipments are global, and so are the sources of raw materials. Some raw materials are in short supply. But seeing the raw numbers puts it in a little more perspective.

Raw materials 52

Raw materials Procurement Real-time Visibility supply chain software solutions 52

Arkestro

JANUARY 18, 2023

Chemical manufacturers turn an array of raw materials—gas, minerals, metals, and more—into countless products used in everyday life. Predictive procurement is the key to securing raw materials at the right price and time. Some raw materials are in short supply, and others are dangerous to extract, transport, and store.

Raw materials 94

Raw materials Procurement supply chain budgeting Supply Chain Efficiency 94

Spend Matters

DECEMBER 15, 2022

Categories: Sponsored Article , Supplier Management , Sustainability Tags: EU , Sponsored Article Scope 3 emissions — all the indirect emissions that a company generates over the course of its operations, from raw material extraction down to end consumer and disposal — are comfortably the biggest source of emissions for virtually any business.

Raw materials 91

Raw materials Suppliers Collaboration Sustainability 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 Templates

SEPTEMBER 14, 2023

Procurement, traditionally seen as a function focused on sourcing goods and services at the best possible prices, has now evolved into a strategic driver for sustainability. It has the potential to drive change throughout the entire supply chain, influencing how products are sourced, manufactured, and distributed.

Sustainability 130

Sustainability Supply Chain Efficiency Procurement Ethics 130

Strategic Sourceror

JANUARY 20, 2023

Raw materials procurement could fuel further inflation Raw materials are in short supply and many manufacturers are finding it difficult to source the materials they need to fuel their production processes. Businesses might respond to inflation by overstocking warehouses, which could make inflation worse.

supply chain budgeting 62

supply chain budgeting Raw materials Supply chain Supply 62

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

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

Empowering CPO

DECEMBER 14, 2020

To answer this question, it is much simpler first to list down the reasons as to when a specific category should be taken up for Strategic Sourcing. This helps a procurement organization to list down its plan for the New Year and identify categories that should be taken up for sourcing. Once every year is the right frequency.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 52

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

Strategic Sourceror

JANUARY 20, 2023

As demand for solar panels continues to increase, manufacturers' overreliance on China-produced polysilicon and other raw materials used in the production of solar panels could put the solar supply chain at serious risk. Brought to you by the StrategicSourceror.

Raw materials 62

Raw materials Strategic sourcing Strategic sourcing Supply chain 62