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. The use of advanced technologies and logistics strategies is often necessary to manage the complexity and risks associated with a global supply chain.

supply chain budgeting 192

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

Procurement Software

MAY 9, 2022

Supplier Relationship Management (SRM) can be complex. Supplier relationship management software can make things a little bit easier. These often use a mix of Microsoft tools to address supplier management needs. Here are 5 Key Advantages from using Supplier Relationship Management Software. Safeguard Brand Value.

Supplier relationship management 52

Supplier relationship management supply chain software solutions Suppliers Management 52

Procurement Software

MAY 9, 2022

Supplier Relationship Management (SRM) can be complex. Supplier relationship management software can make things a little bit easier. These often use a mix of Microsoft tools to address supplier management needs. Here are 5 Key Advantages from using Supplier Relationship Management Software. Safeguard Brand Value.

Supplier relationship management 52

Supplier relationship management supply chain software solutions Suppliers Management 52

ivalua

FEBRUARY 8, 2023

As teams worked with suppliers through creative solutions, it became obvious that transparency and supplier risk management are essential components to maintain stability during crises like these. Work to achieve 100% supply chain visibility. Why is visibility so important? Create speed and transparency.

Supply chain resilience 242

Supply chain resilience Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 242

Spend Matters

SEPTEMBER 26, 2023

Forty years ago, the Harvard Business review published Peter Kraljic’s article ‘ Purchasing Must Become Supply Management ,’ which debuted the supplier segmenting method that we now know as the Kraljic matrix. For this, you really need supply management. You can check to see if the supplier uses forced labor,” Bertrand says.

Purchasing 90

Purchasing Supply management Management Supply Chain Efficiency 90

Supply Chain Game Changer

APRIL 8, 2021

We are going to list out 4 effective order fulfillment strategies to win loyal customers. 4 Order Fulfillment Strategies to Win Loyal Customers. Before we dive deep into fulfillment strategies, let’s get a proper understanding of the fulfillment process. Increase inventory and supply chain visibility.

Order Fulfillment 60

Order Fulfillment Strategy Supply Chain Efficiency Real-time Visibility 60

ivalua

JANUARY 31, 2022

Enterprises will continue to undergo the financial burden of revenue disruptions, consumer , and uncontrolled supply chain variables. . Businesses are either pausing staffing efforts or ramping up talent acquisition strategies depending on the industry. The Criticality of the Supply Chain (and Suppliers).

Procurement 130

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

SCMDOJO

APRIL 29, 2024

Sourcing: Sourcing is all about finding reliable suppliers, negotiating contracts, and managing relationships. It encompasses activities such as procurement, supplier selection, and evaluation. A well-established sourcing strategy helps businesses secure the best quality materials at the most competitive prices.

Supply chain management 67

Supply chain management Supply chain management Agile and Lean Supply Chain Supply Chain Optimization 67

SCMDOJO

MAY 7, 2024

Enhancing supply chain resilience as well as supply chain visibility is crucial in today’s interconnected world. Supply Chain Resilience refers to a supply chain’s ability to withstand and recover from unexpected events.

Supply Chain Visibility 52

Supply Chain Visibility Real-time Visibility e2e Supply Chain Optimization 52

ivalua

JUNE 1, 2022

As we continue to adjust to new business cycles, 2022 offers an opportunity to learn how to incorporate lessons learned from 2020 to establish a new supply chain and customer experience strategy. When the crisis hit, Procurement as a function was suddenly in the hot seat, and it became the driving force for business continuity.

Supply chain resilience 130

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

Supply Chain Game Changer

NOVEMBER 26, 2018

So do you have a strategy for managing Freight and Logistics or are you spinning your wheels? Cost is a very important reason to ensure that you have a robust Freight Management strategy. Supply chain visibility is also incredibly important these days. So what is your Freight Management strategy?

Strategy 68

Strategy Management Real-time Visibility e2e 68

ivalua

JULY 22, 2015

This week’s signs deal with supplier relationships. You Have Imbedded a Cost Management Mindset into Every Supplier Relationship. Instead, today’s sourcing pros must facilitate cost improvements through a more sophisticated and complete understanding of cost management strategies involving: Materials. alternatives.

Strategic sourcing 147

Strategic sourcing Strategic sourcing Sourcing Supplier consolidation 147

SCMDOJO

AUGUST 16, 2023

Introduction The global business landscape has witnessed an increasingly fierce competition, pushing companies to seek effective strategies to maintain and enhance their competitiveness. Among these strategies, the role of supply chain capability stands out as a key factor in driving success.

Supply Chain Efficiency 76

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization Supply chain 76

ivalua

FEBRUARY 24, 2021

The impact of all of that is that organizations are actively creating geographical supplier diversity within their supply chains, to strike a better balance between cost reduction and agility,” he said. The post 10 Key Issues The Hackett Group Says Will Impact Supply Chain Transformation in 2021 appeared first on Ivalua.

Agile and Lean Supply Chain 162

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

Procurement Tactics

AUGUST 23, 2022

Contract management, also known as contract lifecycle management, in the field of procurement refers to the handling of end-to-end contracting with the suppliers and other third parties of an organization. . Improving supplier relationship management through data transparency. . Enhanced contract visibility. Mitigate risks.

Contract management 130

Contract management Contract supply chain software solutions Management 130

Skill Dynamics

OCTOBER 19, 2023

Role-based training personalizes the best procurement strategies to meet specific challenges. Sourcing managers play a vital role in a business’s procurement process by identifying, evaluating, and selecting suppliers. Strategic planning – vital for matching procurement strategies to overarching organization goals.

Supply Chain Optimization 52

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

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

SCMDOJO

JULY 7, 2023

Late changes to the design of the vehicles, such as the headlights, caused disruptions in the supplier base and necessitated costly tooling changes. These supply chain issues not only delayed production further but also strained relationships with suppliers.

Supply Chain Efficiency 101

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain 101

SCMDOJO

JANUARY 30, 2023

Additionally, she was key in implementing lean manufacturing principles and practices, leading initiatives to improve sustainability and building strong relationships with suppliers.

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Supply Chain Efficiency supply chain budgeting Supply chain 120

Procurement Leaders

JUNE 13, 2022

Securing this level of visibility in the construction sector is challenging for several reasons: Much of the work on HS2 is broken into stand-alone projects made up of unique combinations of contractors and suppliers. Engaging with suppliers to collect the necessary data. Developing a risk methodology to assess suppliers.

Supply Chain Efficiency 130

Supply Chain Efficiency Supply chain Contract e2e 130

Supply Chain Game Changer

NOVEMBER 15, 2018

You don’t have to live with shortages every day if you have a Supply Line strategy. It could be bad forecasting, poor order management tracking, failure to deal with supplier issues, inaccurate parameters, or lack of supply chain visibility. You need a conscious Supply Line strategy.

Strategy 48

Strategy Bill of materials Supply Chain Efficiency Inventory 48

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. Focus on digital transformation and adopt procurement technology.

Supply chain resilience 130

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

Arkestro

OCTOBER 29, 2023

Fortunately for us mere mortals, humans bring invaluable contributions to the procurement process that aren’t likely going to be replaced by machines anytime soon: Strategy: Human judgment and expertise are invaluable assets when it comes to things like supplier relationship management, negotiations, and more.

Procurement 52

Procurement Procurement team Supplier relationship management Supply Chain Optimization 52

Supply Chain Game Changer

OCTOBER 14, 2021

Supply and demand are in prolonged imbalance, and will continue to rock out of equilibrium in 2022. As suppliers struggle fulfill backlogged orders and meet current customer demand, supply chain managers need to remain nimble. Contract negotiations will become commonplace as tensions between customers and suppliers flare.

Supply Chain Efficiency 76

Supply Chain Efficiency Supply chain Real-time Visibility Supply 76

Supply Chain Game Changer

JULY 14, 2021

This, they say, includes value delivery through supplier- enabled innovation (SEI); sustainability through environmental, social and governance (ESG) goals; as well as agility through digitalisation — all of which will enable the business to deliver on its growth agenda” (Procurement Leaders 2021). The Yin and Yang.

Sustainability 98

Sustainability Procurement supply chain budgeting Agile and Lean Supply Chain 98

EazyStock

JANUARY 6, 2023

To make it easier, supply chain professionals must understand potential risks to mitigate their impact. As we step into the unknown of 2023, here are some key trends and issues affecting supply chain management to help you prepare your strategies.

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

To make it easier, supply chain professionals must understand potential risks to mitigate their impact. As we step into the unknown of 2023, here are some key trends and issues affecting supply chain management to help you prepare your strategies. Supply chain issues. Supplier management.

supply chain software solutions 52

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

Let's Talk Supply Chain

OCTOBER 3, 2022

SEKO provides complete supply chain solutions, specializing in transportation, logistics, forwarding and warehousing. Powered by their innovative and customizable IT solutions, SEKO provide a seamless flow of information, giving their ever-growing customer base true supply chain visibility.

Demand 52

Demand Real-time Visibility Agile and Lean Supply Chain Supply Chain Visibility 52

NLPA (Next Level Purchasing Association)

JANUARY 17, 2023

Supply Chain Agility and Visibility. Limited visibility can increase the total cost to serve and the total cost of ownership, reduce supply chain performance and increase the loss of value in your supply chain. Decisions around Supplier Selection. Recommended Reading.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Procurement Spend management Cost of ownership 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

Supply Chain Game Changer

JANUARY 14, 2020

So why is it that the Supply Chain in so many companies is being run without the end to end visibility needed to even function, yet which we have in our personal lives? In this age of exponential growth in digital connectivity the time has come to ensure you have End to End Supply Chain visibility.

Real-time Visibility 52

Real-time Visibility e2e Supply Chain Efficiency Supply chain 52

EazyStock

JUNE 16, 2022

Having systems and processes in place to reduce the possibility and subsequent impact of supply chain issues is extremely important. Advancing technologies, such as artificial intelligence and machine learning, make connectivity and supply chain visibility easier. Managing suppliers with AI and ML.

Supply chain management 52

Supply chain management Supply chain management Supply Chain Optimization supply chain software solutions 52

Supply Chain Game Changer

OCTOBER 28, 2021

Procurement is a function that is undergoing an exciting transformation in the majority of global value chains; simultaneously, within its own strategy, process, and technology. 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

As reported by Jeff Berman of Supply Chain 24/7 , “[up to] 70% of B2C companies and 60% of B2C companies are focused on the full implementation of their respective ecommerce supply chain strategies, with 70% of total respondents viewing ecommerce at ‘very important’ or ‘extremely important,’ as it relates to volume and revenue.”.

supply chain software solutions 105

supply chain software solutions Supply Chain Efficiency Supply chain e2e 105

SupplyShift

APRIL 13, 2021

They are expected to start taking responsibility for their suppliers’ actions, too. So, when it comes to the role of procurement professionals, their unique position of leverage with suppliers presents an incredible opportunity for the function to collectively redefine and reinvent global supply chains.

Supply Chain Efficiency 52

Supply Chain Efficiency Sustainability Supply chain Procurement 52

SupplyShift

APRIL 13, 2021

They are expected to start taking responsibility for their suppliers’ actions, too. So, when it comes to the role of procurement professionals, their unique position of leverage with suppliers presents an incredible opportunity for the function to collectively redefine and reinvent global supply chains.

Supply Chain Efficiency 52

Supply Chain Efficiency Sustainability Supply chain Procurement 52