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How to get the C-Suite to see procurement as a strategic lever versus a cost-savings function

Procurement Insights

. “A 2023 survey by KPMG highlights this transition, revealing that procurement leaders are now focusing on supply chain resiliency (68%), introducing new products or expanding into new markets (65%), and improving margins through cost reduction (71%). The focus is on efficiency and control.

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Enhancing Logistical Efficiency: Strategies for Improvement

SCMDOJO

To optimize operations, reduce costs, and minimize environmental impact, a multifaceted approach is required. Backloading: Optimizing vehicle utilization through backhauling is key to logistical efficiency. Initiatives like Tesco’s Supplier Collection and Onward Supply Schemes demonstrate significant fuel savings.

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Technology Support in Integrated Business Planning: Automation, Augmentation and Human Centricity

Supply Chain Trend

Preview In his 2019 Foresight article, Niels van Hove examined eight technological hurdles that must be overcome to enable autonomous or ‘lights out’ supply-chain planning. He reasoned that to support such planning we need to implement a third wave of integrated supply-chain planning software. Business Planning Cycles.

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Choosing Rod Sherkin

Procurement Insights

A Little Background When Kelly Barner recently contacted me suggesting I connect with Rod Sherkin, I had to admit that although his company, ProPurchaser, has existed since 2001, I had never really heard of them. What may surprise you is one of the last things I consider is the technology platform. COMPETITORS 1. As a result, Ever.Ag

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Potential Efficiency Improvements: Vehicle Efficiency in Businesses

SCMDOJO

Here are some additional tips to consider for driver training: Emphasize the importance of the program to drivers and demonstrate the potential cost savings and environmental benefits of improved vehicle efficiency (DfT, 2002). Important Considerations: Factors like speed and trailer design influence the effectiveness of aerodynamic features.

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Seasoned Leadership in Actionâ„¢! An Interview with Michael Massetti, VP at Gartner!

Supply Chain Game Changer

At Supply Chain Game Changer we believe in sharing experiences and expertise from people in every industry and from across the globe. As such we have introduced our “Seasoned Leadership in Action ” Interview series at Supply Chain Game Changer. This was my first foray into the world of supply.

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Enhancing triparty repo transactions with IBM MQ for efficiency, security and scalability

IBM Supply Chain Blog

IBM MQ makes sure that the messages are delivered exactly once, and this aspect is particularly important in the financial industry. These tools can help optimize message processing, reduce latency and improve system performance. With IBM MQ, parties can make sure that transactions are executed accurately and efficiently.

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