ivalua

JULY 22, 2015

In last week’s blog , I began discussing telltale signs that you have entered the new age of strategic sourcing. Leading manufacturers have proven that best-in-class strategic sourcing can create measurable and sustainable shareholder value by contributing to top line growth and bottom line profitability. alternatives.

Strategic sourcing 147

Strategic sourcing Strategic sourcing Sourcing Supplier consolidation 147

Procurement Tactics

JUNE 5, 2023

First Name Email Download 51 Prompts →  Or receive our famous weekly newsletter Global Supply Chain — Everything About Supply Chain Global supply chain has become a popular way for businesses to source unique materials and products from other countries as they are unavailable domestically.

supply chain budgeting 192

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

Spend Matters

JANUARY 17, 2024

From planning a product, design and simulation, to optimizing a specific process across the supply chain, customer expectations for AI integration continue to evolve as new applications for supply chain automation are discovered.

Procurement solutions 80

Procurement solutions Agile and Lean Supply Chain Procurement Supply Chain Optimization 80

ivalua

JUNE 1, 2022

Procurement teams had to work closely with suppliers to find creative ways to solve problems, and they instantly realized the benefits of transparency in their supply chains and supplier risk management for business continuity in times of crisis. Why is visibility so important? Create speed and transparency.

Supply chain resilience 130

Supply chain resilience Supply Chain Efficiency Agile and Lean Supply Chain supply chain budgeting 130

ivalua

JANUARY 31, 2022

Disruptions in global supply chains, labor market shortages, strong consumer demand. How can we mitigate technical, logistical, weather-related, and demand-driven supply chain disruptions? Organizations must shift focus toward strengthening their procurement processes and procedures to gain 100% supply chain visibility.

Procurement 130

Procurement supply chain budgeting Agile and Lean Supply Chain supply chain software solutions 130

Spend Matters

FEBRUARY 20, 2023

Categories: Procurement Systems & Architecture , Supply Chain Visibility Tags: PRO In this Spend Matters PRO Vendor Analysis, we give an overview of Circularise, a blockchain-based traceability solution that helps companies trace products and materials to verify their origins, certificates, CO2 footprints and other material data.

Supply Chain Efficiency 71

Supply Chain Efficiency Supply chain Raw materials Supply Chain Visibility 71

Spend Matters

JANUARY 30, 2023

Categories: Procurement Strategy & Planning , Supply Chain Visibility Tags: PRO This Spend Matters PRO Vendor Analysis provides an overview of Portcast and its solution for cargo tracking. The modern supply chain is convoluted. It enhances logistics visibility and provides intelligence insights.

Real-time Visibility 80

Real-time Visibility Supply Chain Visibility Procurement strategies Logistics 80

ivalua

FEBRUARY 24, 2021

Supply Chain Risk and Supply Continuity: Risk moved front and center of Procurement during the pandemic, as procurement organizations grappled with constrained supply chains. For many organizations risk has become not only an executive committee issue, but a board-level discussion,” he said.

Agile and Lean Supply Chain 162

Agile and Lean Supply Chain Supply Chain Efficiency Supply chain Supply chain resilience 162

ivalua

JUNE 16, 2021

In fact, a survey conducted by the Economist Intelligence Unit (EIU) found that 96% of respondents from the Middle East region were reconfiguring their supply chains in October 2020 — much higher than the global average of 83%. What’s more, PwC found that the average investment in risk management among MENA companies was $1.5

Eprocurement 130

Eprocurement Supply Chain Optimization Agile and Lean Supply Chain Procurement team 130

Una

APRIL 23, 2024

Why Do We Need Supply Chain Visibility? Tips for Building an Effective Procurement Data Strategy Robots in Procurement Supplier selection & risk management Think of machine learning as your trusted advisor when it comes to choosing and monitoring suppliers.

Supply chain management 52

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

ivalua

MARCH 16, 2021

Procurement teams had to work closely with suppliers to find creative ways to solve problems, and they instantly realized the benefits of transparency in their supply chains and supplier risk management for business continuity in times of crisis. Why is visibility so important? Create speed and transparency.

Supply chain resilience 130

Supply chain resilience Supply Chain Efficiency Agile and Lean Supply Chain supply chain budgeting 130

Procurement Tactics

AUGUST 23, 2022

Enhancing strategic sourcing through data analysis. Reducing exposure to existing procurement, financial, and legal risks. . Creating policies and contingencies easily to mitigate risks. . Possible methods to use to eliminate risks. Additionally, it enhances contract compliance and reduces exposure to supplier risks. .

Contract management 130

Contract management Contract supply chain software solutions Management 130

Spend Matters

SEPTEMBER 26, 2023

The point Kraljic made those decades ago was that the stability businesses once enjoyed had ended and now they needed a new strategy to address the constant threat of supply interruptions and the opportunities presented by new technologies. For this, you really need supply management.

Purchasing 94

Purchasing Supply management Management Supply Chain Efficiency 94

Strategic Sourceror

FEBRUARY 3, 2023

As any supply chain professional will tell you, managing various day-to-day operations and keeping track of everything going on in the supply chain are among the most difficult parts of the job. Higher levels of proactivity The ideal supply chain should be proactive to risk and change rather than reactive.

e2e 67

e2e supply chain budgeting Supply Chain Efficiency Supply chain 67

Arkestro

DECEMBER 12, 2022

It’s vital that supplies are predictable, so you can get the products and services you need. To address supplier challenges, you must ensure your preferred providers can meet your changing needs and that you have a diverse supply base. Supply Chain Visibility. Supply chain visibility is another critical issue.

Real-time Visibility 52

Real-time Visibility Procurement e2e Raw materials 52

Skill Dynamics

OCTOBER 19, 2023

Elevating Procurement Excellence Through Targeted Training Role-based procurement training is ideal because procurement and supply chain roles often come with role-specific challenges. Sourcing managers play a vital role in a business’s procurement process by identifying, evaluating, and selecting suppliers.

Supply Chain Optimization 52

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

SCMDOJO

APRIL 29, 2024

Sign Up for SCMDOJO Pro Membership Importance of Effective Supply Chain Management Supply chain management is not just about moving products from point A to point B – it’s a strategic approach that encompasses the entire network of processes involved in delivering goods and services to customers.

Supply chain management 52

Supply chain management Supply chain management Agile and Lean Supply Chain Supply Chain Optimization 52

Procurement Software

MAY 9, 2022

All the while, Procurement and Sourcing teams have been left to fend for themselves, and forge their own way forward, with homegrown solutions. It provides a means to better monitor, spot, and address supplier-related risks. Visibility is necessary to gain control over supplier risk, compliance, performance, contracts and spend.

Supplier relationship management 52

Supplier relationship management supply chain software solutions Suppliers Management 52

Procurement Software

MAY 9, 2022

All the while, Procurement and Sourcing teams have been left to fend for themselves, and forge their own way forward, with homegrown solutions. It provides a means to better monitor, spot, and address supplier-related risks. Visibility is necessary to gain control over supplier risk, compliance, performance, contracts and spend.

Supplier relationship management 52

Supplier relationship management supply chain software solutions Suppliers Management 52

Supply Chain Game Changer

AUGUST 3, 2021

No other function but Supply Chain understands, can envision, can implement, and can manage the Digital Supply Chain. Supply Chain is a massive source of competitive advantage and differentiation. No other function has its fingers on the pulse of the operations of a company like Supply Chain.

Supply Chain Efficiency 119

Supply Chain Efficiency Supply chain e2e Real-time Visibility 119

Supply Chain Brain

APRIL 20, 2018

Now it has emerged as a tool for assessing the financial stability of suppliers and other supply-chain partners. The concept is embodied in a financial-risk score known as FRISK, developed by CreditRiskMonitor. Show notes : A paper on “Assessing Public Company Financial Risk by Crowdsourcing the Research of Credit Professionals.”

Risk 40

Risk Supply Chain Optimization Supply chain Purchasing 40

Zycus Cognitive Procurement

FEBRUARY 14, 2022

You not only miss out on opportunities but also risk major setbacks due to possible supplier disruptions. The first step to building a resilient supply chain is strengthening your relationships with suppliers. The era of the linear, traditional supply chain is long gone. Some costly-to-ignore risk areas.

Suppliers 52

Suppliers Supply Chain Efficiency Supplier relationship management Vendor relationships 52

EazyStock

JANUARY 6, 2023

Keeping business going has been a significant challenge for companies without robust supply chains or contingency plans. To make it easier, supply chain professionals must understand potential risks to mitigate their impact. Poor forecasting brings a high risk of stockouts or excess and obsolete stock.

supply chain software solutions 52

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

EazyStock

JANUARY 6, 2023

Keeping business going has been a significant challenge for companies without robust supply chains or contingency plans. To make it easier, supply chain professionals must understand potential risks to mitigate their impact. Supply chain issues. Increased supply chain visibility.

supply chain software solutions 52

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

SupplyShift

DECEMBER 6, 2021

In the wake of supply chain disruptions and global shortages, businesses are quickly recognizing the need for greater visibility over their supply network, from documenting the origin of material components to tracking shipments. But it’s not just about understanding risk. Communicate often.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Supply chain e2e 52

SupplyShift

DECEMBER 6, 2021

In the wake of supply chain disruptions and global shortages, businesses are quickly recognizing the need for greater visibility over their supply network, from documenting the origin of material components to tracking shipments. But it’s not just about understanding risk. Benefits of Supply Chain Mapping.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Supply chain e2e 52

Arkestro

OCTOBER 29, 2023

After all, more data sources doesn’t necessarily mean better or cleaner data to strategize from. Diversifying suppliers, implementing supply chain visibility tools, and monitoring supplier performance are all crucial for banishing any lingering fears about supply chain’s effect on the procurement process.

Procurement 52

Procurement Procurement team Supplier relationship management Supply Chain Optimization 52

Supply Chain Game Changer

OCTOBER 28, 2021

According to the 2021 Deloitte Chief Procurement Officer Survey, “Around 70% of CPOs felt that they had good visibility on the risks that existed in their direct (tier 1) suppliers. Yet only 26% were able to confidently predict risk within their supply bases. And, only 15% had visibility into tier 2 or beyond.

supply chain budgeting 89

supply chain budgeting Procurement Supply Chain Efficiency e2e 89

Supply Chain Game Changer

SEPTEMBER 17, 2020

Supply chain leaders can amplify the value of the YMS by adding gate management to ensure drivers do not arrive early and to validate all inbound deliveries. This reduces the risk of fraud and theft by enhancing visibility to the freight in the yard, which in turn provides additional integrity into the supply chain.

supply chain software solutions 105

supply chain software solutions Supply Chain Efficiency Supply chain e2e 105

Let's Talk Supply Chain

JULY 9, 2023

Operating in over 40 countries worldwide, SEKO lead the industry with innovative and customizable IT solutions, which provide a seamless flow of information to deliver their growing customer base true supply chain visibility. What we’ve learned is that if something can go wrong, it will; it’s not a matter of if, but when.

Real-time Visibility 52

Real-time Visibility e2e Supply Chain Efficiency Raw materials 52

SupplyShift

JUNE 17, 2021

Given that suppliers account for the majority of risk in areas such as GHG emissions, human rights abuses, and gaps in corporate governance, it is critical that companies explicitly target ESG goals in their supply chain. I recommend companies take tangible action toward setting supply chain ESG goals in the following ways: 1.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply chain Sustainability Supply 52

SupplyShift

JUNE 17, 2021

Given that suppliers account for the majority of risk in areas such as GHG emissions, human rights abuses, and gaps in corporate governance, it is critical that companies explicitly target ESG goals in their supply chain. I recommend companies take tangible action toward setting supply chain ESG goals in the following ways: 1.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply chain Sustainability Supply 52

EazyStock

FEBRUARY 13, 2019

Supply Chain Resiliency and Risk Management. Companies today have to consider the resilience of their supply chain and do their best to reduce risks. These emerging trends aren’t the only things impacting your supply chain in 2019; the global climate is continually changing and affecting worldwide trade.

Supply chain management 45

Supply chain management Supply chain management Supply Chain Efficiency Supply Chain Optimization 45

SupplyShift

APRIL 20, 2018

When it comes to supply chain data collection and for achieving responsible sourcing goals, most companies start with an Excel-based assessment that is sent out via email to a few key, strategic suppliers. The post Moving Beyond Spreadsheets for Responsible Supply Chains appeared first on SupplyShift.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply chain Supply Suppliers 52

SCMDOJO

JUNE 14, 2023

It also helps Nike to improve its supply chain visibility and agility and reduce its environmental impact. Walmart outsources its logistics services to various 3PLs, such as Schneider Logistics, FedEx Supply Chain, etc. Walmart is one of the world’s largest retailers, with thousands of stores and customers.

Supply Chain Efficiency 77

Supply Chain Efficiency Real-time Visibility Supply Chain Optimization Logistics 77

SupplyShift

APRIL 13, 2021

According to Deloitte’s 2020 Chief Procurement Officer Survey , only 50% of organizations had high visibility into their tier one suppliers, and a staggering 90% reported low or very low visibility beyond tier one. Fortunately, when companies prioritize supply chain visibility, the benefits extend far beyond sustainability itself.

Supply Chain Efficiency 52

Supply Chain Efficiency Sustainability Supply chain Procurement 52

SupplyShift

APRIL 13, 2021

According to Deloitte’s 2020 Chief Procurement Officer Survey , only 50% of organizations had high visibility into their tier one suppliers, and a staggering 90% reported low or very low visibility beyond tier one. Fortunately, when companies prioritize supply chain visibility, the benefits extend far beyond sustainability itself.

Supply Chain Efficiency 52

Supply Chain Efficiency Sustainability Supply chain Procurement 52