Procurement Insights

DECEMBER 15, 2023

Here is just a small sampling from (2008 to 2023) Once again, it’s you, my readers, who have elevated this blog beyond an echo chamber in which meaningful insight and informative dialogue have always taken precedence over consensus. After all, without you, I would be an old guy talking to himself. A PI Q&A) 30

Supply chain 81

Supply chain Procurement Purchasing Risk 81

Procurement Insights

JULY 19, 2024

Here is the link to the first Six Sigma case study of Forrest’s that I posted on my YouTube channel in 2008 – [link] Watching that video today, the case study seems as relevant now as it did then—maybe even more so. How do you apply your Six Sigma teachings in 2024?

Purchasing 66

Purchasing Supply chain Supply 66

SCMDOJO

FEBRUARY 29, 2024

Current State of Supplier Performance Management Nowadays, the interest in improving supplier performance management methods has increased due to the increase in global sourcing and that of the global economy in particular (Gordon Sherry R, 2008). Others will have a purchasing or supplier management board at the senior management level.

Suppliers 84

Suppliers Management Quality Import 84

Spend Matters

AUGUST 8, 2022

Categories: Accounts Payable , P2P , Payments , Procurement Systems & Architecture , Spend Management , Technology Tags: PRO Medius began life in 2001 in Sweden as an AP automation solution; in 2006 it opened offices in Norway, Denmark and the Netherlands; in 2008 in Poland. Read more. ).

Market analysis 75

Market analysis Spend management Buyers Change management 75

Procurement Insights

JANUARY 22, 2025

Example: If a specific manufacturing machine is a constraint and cannot meet demand, purchasing an additional machine might be necessary. Actions may include: Hiring more staff. Investing in new technology or equipment. Expanding supplier partnerships.

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Efficiency Project management Suppliers 52

Jaggaer

JULY 28, 2020

Every year, more than 250,000 public authorities in the European Union spend around 14% of GDP (around €2 trillion per year) on the purchase of services, works and supplies. Money has been tight more or less everywhere since the financial crash of 2008 heralded a new age of austerity. What is a Dynamic Purchasing System?

Procurement 75

Procurement Buyers Contract Purchasing 75

Procurement Insights

DECEMBER 8, 2023

The article you are about to read was written in 2008. Before attempting to answer the above questions, have a read of the original 2008 article below. EDITOR’S NOTE: Not long after forming in 2006, Coupa’s founders, Dave Stephens and Noah Eisner, were some of the first sponsors of the Procurement Insights blog.

supply chain software solutions 80

supply chain software solutions Supply Chain Efficiency Collaboration Supply chain 80

Procurement Insights

DECEMBER 12, 2022

Specifically, and I quote, “the vast majority of purchasing organizations are now in the software business as they attempt to adapt their practice to an application they would not have chosen to use in the first place.” What was most interesting about this particular example is that it indicates the rule, not the exception.

supply chain software solutions 40

supply chain software solutions Procurement Supply Chain Efficiency Supply chain 40

Jaggaer

MAY 7, 2019

Since the financial crash of 2008, procurement has taken on an increasingly important role in the sector for another reason: strategic suppliers all present various kinds of risk to the bank. Strongly guided purchasing processes. There is also, of course, plenty of scope for bribery and corruption.

Supply Chain Efficiency 75

Supply Chain Efficiency Procurement Chief Procurement Officer Spend management 75

Supply Chain Game Changer

JULY 16, 2020

When the first mobile app marketplace launched in 2008, it only presented 500 offerings within the product categories. If the enterprise purchases AMRs to save workers some steps, those workers could spend more time doing rewarding tasks and the duties that robots can’t manage. Mobile Apps Make Information Portable.

supply chain software solutions 124

supply chain software solutions Supply Chain Efficiency Supply chain Supply 124

Supply Chain Game Changer

APRIL 13, 2021

The cryptocurrency and Bitcoin were only defined in a paper published in 2008 by an individual or group of people going by Satoshi Nakamoto. It’s certainly no mistake that Satoshi’s initial explanation was written in October 2008, at a time when bank confidence was at an all-time low.). Blockchain Ledger Technology.

Networking 53

Networking supply chain software solutions Purchasing Supply chain 53

Supply Chain Game Changer

MARCH 12, 2021

Since the recession in 2008, traditional lenders don’t usually grant loans to small businesses that easily. With one, companies can enjoy a myriad of benefits, including the chance to build or improve their credit standing, purchase business needs on the go, or get discounts on travel, hotel stays, or gas. Keep track of your purchases.

Purchasing 71

Purchasing Supply Chain Efficiency Supply chain Management 71

EazyStock

MAY 22, 2020

Ulf Larsson, Purchasing Manager at Copiax , has a lot of experience streamlining purchasing processes. Title: Purchasing Manager. We have been part of the Assa Abloy Group since 2008, and I started as purchasing manager for the company back in 1999. That’s why he’s EazyStock’s Automation Hero for May! .

Purchasing 52

Purchasing Quantity Inventory Management 52

Supply Chain Game Changer

JANUARY 29, 2022

The emergence of cryptocurrencies occurred when there was a global crisis in 2008. The basis of relying on cryptocurrency investors is a more excellent fool theory which states that you can profit from investing by finding someone else to purchase it at a higher price. It could have been a severe threat to the finance mechanism.

Price 80

Price Supply chain Networking Purchasing 80

Procurement Insights

JANUARY 3, 2025

20152020: Procurement as a Contributor to Risk Management and Sustainability Increased Visibility Post-Financial Crisis : The 2008 financial crisis raised awareness of the importance of financial resilience , leading boards to pay more attention to procurement’s ability to control costs and manage supplier risks.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Procurement 52

Supply Chain Game Changer

JANUARY 2, 2019

The idea of a “Blockchain” was conceived in 2008 although the concept of a chain of blocks began as early as 1991, and use of the word Blockchain itself has only become popular in the last few years. The 5 Levels of Supply Chain Transparency! The phrase “Supply Chain Management” was first coined in 1982.

Supply Chain Efficiency 71

Supply Chain Efficiency Supply chain Supply chain management Supply chain management 71

Procurement Templates

JANUARY 15, 2023

Written by world renowned economist Nouriel Roubini was nicknamed Dr. Doom until his warnings of the 2008 housing crisis and Great Financial Crisis came true – when it was too late. In QE, the central bank purchases government bonds and other financial instruments, such as mortgage-backed securities (MBS). Quantitative Easing.

Price 100

Price Purchasing Risk Import 100

Procurement Insights

MAY 14, 2024

– Dangerous Supply Chain Myths (Part 4) June 2008 As an analyst, the general rule of thumb is to cite reference articles of papers that are a maximum of 2 years old. Identified spend, which represented those purchases for which eVA was likely to generate savings, accounted for approximately $3.5

Suppliers 58

Suppliers Import Leadership Collaboration 58

NLPA (Next Level Purchasing Association)

JUNE 23, 2022

appeared first on Next Level Purchasing Association (NLPA). It intends to add clarity, referring to the executive or volume element of the morphed definition. The term first appeared in print in the 3rd Edition of their book “Sales and Operations Planning – The How-To Handbook” (T.F. Wallace and Co., The Mission of eS&OP.

Demand Planning 52

Demand Planning Demand supply chain budgeting Strategic planning 52

Supply Chain Game Changer

MAY 31, 2021

For example, Elon Musk did report to the SEC about the latest Tesla purchase of $1.5 So as soon as the large audience hears the news about another big whale’s purchase or the perspectives of the governmental adoption, they start massively buying bitcoin at the retail exchanges like the Canadian bitcoin exchange on CEX.IO.

Price 58

Price Supply chain Quantity Purchasing 58

SPLC (Sustainable Purchasing Leadership Council)

AUGUST 24, 2017

We hope you enjoy reading about his story and work on sustainable purchasing. How did your passion for sustainable purchasing develop? Chrysler began its sustainability journey in 2008, when two very energetic purchasing professionals (“intrapreneurs”) began advocating it. Bill’s Story. Achievements and Challenges.

Supply Chain Efficiency 40

Supply Chain Efficiency Sustainability Buyers Purchasing 40

Jaggaer

OCTOBER 22, 2020

Coming on top of a very difficult and complex existing situation, Covid-19 has put additional pressure on profitability and capital requirements in the banking sector in the European Union and Africa, with drops in revenue in the order of 35-45% and the lowest return on equity since the aftermath of the great crash of 2008.

Suppliers 52

Suppliers Strategy Supply Chain Efficiency Agile and Lean Supply Chain 52

Jaggaer

SEPTEMBER 29, 2020

At what point in an organization’s journey is it time to make the shift from reactive purchasing by non-practitioners to hiring and developing seasoned specialists who are able to look at spend holistically and create strategies that help an organization transform towards value management?

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Procurement Eprocurement Supply Chain Efficiency 52

Supply Chain Opz

JANUARY 29, 2020

Books We Recommend - Purchasing Book - Six Sigma Books - Operations Management Book - Inventory Control Book - Lean Books - International Business Book Last review and update: January 30, 2020 Obsolete and out-of-print books are not included. Editor's decision is used to finalize the list of the best books. - The links below are #paid links.

Agile and Lean Supply Chain 40

Agile and Lean Supply Chain Supply chain Supply chain management Supply chain management 40

Procurify

AUGUST 11, 2022

When looking at the financial crisis of 2007-2008, McKinsey points out that “foresight, response and adaptation” helped companies outperform. Existing supply chain issues can regress business operations, but it all comes down to company leadership to keep the boat afloat. How Procurify Helps.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency supply chain software solutions Supply Chain Optimization 52

Jaggaer

JUNE 9, 2020

During the 2008 financial crisis, manufacturing companies decreased production. Average Line Items Per Purchase Order. Quick communication with suppliers is key when the situation is evolving quickly. Procurement teams need to be able to make decisions rapidly and relay them to suppliers immediately.

Procurement strategies 52

Procurement strategies Strategy Management Procurement 52

Barkers Procurement

NOVEMBER 28, 2022

The Climate Change Act was passed in the UK in 2008 and commits to a reduction in greenhouse gas emissions of 80% by 2050, compared to 1990 levels. Purchasing high performance IT equipment that is more energy efficient. Its goal is to limit global warming to well below 2 degrees Celsius, preferably to 1.5, Going paperless.

Supply Chain Efficiency 52

Supply Chain Efficiency Ethics Supply chain Suppliers 52

Supply Chain Game Changer

MAY 27, 2021

In 2008, the first cryptocurrency , Bitcoin, emerged as a way to take power away from government agencies and central banks. Today, cryptocurrency can be exchanged through platforms like Coinbase and used as traditional money to purchase physical things, not just investing/trading. The Early Days of Cryptocurrency.

Supply chain 110

Supply chain Strategy Networking Price 110

Procurement Insights

NOVEMBER 21, 2024

This has usually meant that their input had been relegated to the realm of the afterthought versus providing decisive and proactive input when it matters the most – prior to a decision being made.

Innovation 52

Innovation Procurement Purchasing Sourcing 52

Procurement Tactics

JULY 11, 2022

Many nations that cannot afford to purchase the vaccines directly have made creative deals with other countries. The 2008 financial crisis has made him unable to maintain his fraud. On December 10 of 2008, he confessed his fraudulent act to his son who has worked in his firm. .

Negotiation 130

Negotiation Procurement Bidding Ethics 130