Procurement Insights

JANUARY 3, 2025

20152020: Procurement Gains Strategic Recognition Emergence of Strategic Sourcing : CFOs began to recognize procurement’s role in driving long-term value through strategic sourcing, supplier relationships, and risk management. Analytics and insights from procurement data were minimal.

Agile and Lean Supply Chain 52

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

ivalua

MAY 17, 2021

Recent research states that the current covid crisis has had a much larger impact in the UK compared to the financial crisis of 2008/9, but it should be recognised that the financial services sector has greater regulatory scrutiny. This means that the whole process can be covered with complete visibility of a transaction.

Procurement 130

Procurement Contract Procurement team Sourcing 130

SCMDOJO

MARCH 28, 2023

By providing a secure and transparent way to track products from their origin to their final destination, blockchain for supply chain can help increase efficiency, reduce costs, and improve trust between suppliers and customers. This allows for increased efficiency, reduced costs, and improved trust between suppliers and customers.

Supply Chain Efficiency 116

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization supply chain software solutions 116

Una

JANUARY 31, 2024

Top Tips for Successful Sourcing From Overseas Suppliers in 2024 Get valuable insights into communication and cultural awareness and explore tips for successfully sourcing from overseas suppliers this year. In this article, we explore Chris’s valuable insights and top tips for successfully sourcing from overseas suppliers.

Sourcing 52

Sourcing Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

Procurement Insights

NOVEMBER 21, 2023

EDITOR’S NOTE: In December 2010, I wrote an article about one of Time Magazine’s picks for the Top Innovations in 2008 – Made-in-Transit Packaging. Is there a delay in receiving products from suppliers to complete the build? Or do you provide the tracking for custom-build orders? Is it picking and packaging?

e2e 86

e2e Real-time Visibility Sourcing Consumer demands 86

Procurement Insights

OCTOBER 24, 2022

Point #1 – Going back to my 2008 & 2014 posts, McKinsey & Company survey of CFOs found that the C-Suite did not believe that procurement was delivering savings or value to the overall enterprise. 2008/2014 posts – [link].

Strategic sourcing 64

Strategic sourcing Strategic sourcing Buyers Procurement 64

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 Heads

JANUARY 25, 2023

Back then I was responsible for a large portfolio of international suppliers and it was fascinating to me. BC Ferries has a very aggressive goal to decrease our 2008 emissions levels (baseline year) by 27% by 2030, so what we are doing is working with a few elements to achieve that. We see that disconnect in some organisations.

Sustainability 130

Sustainability Supply Chain Efficiency Influencing Supply chain 130

Jaggaer

MAY 7, 2019

A bank’s suppliers are, in most cases, also its customers. Let’s say, for example, a supplier of facility management fails to meet its contractual obligations, causing the bank to make substantial losses. Effective management of suppliers’ qualification and segmentation to ensure compliance with European Banking Authority regulations.

Supply Chain Efficiency 75

Supply Chain Efficiency Procurement Chief Procurement Officer Spend management 75

Procurement Insights

JANUARY 22, 2024

Procurement Insights (2008) NOTE: While the above example deals with an Indirect Procurement Material situation, the same methodology is equally applicable to Direct Materials. .” – The Number 1 Question. How Can You Help Us?

Supply Chain Optimization 81

Supply Chain Optimization Agile and Lean Supply Chain Negotiation Supply chain 81

Jaggaer

JULY 28, 2020

Money has been tight more or less everywhere since the financial crash of 2008 heralded a new age of austerity. Unlike a traditional framework, suppliers can apply to join at any time. In other words, it is an “open market” solution designed to provide buyers with access to a pool of pre-qualified suppliers.

Procurement 75

Procurement Buyers Contract Purchasing 75

Procurement Insights

AUGUST 14, 2024

Comprehensive Supplier Network 2. Conclusion Given the LCBO’s specific needs during a rail strike—such as the need for robust supplier management, real-time visibility, and flexible sourcing— SAP Ariba emerges as the best procuretech provider to support the organization. Here’s why: 1. Supply Chain Visibility and Risk Management 3.

Real-time Visibility 49

Real-time Visibility Supply Chain Visibility Supply Chain Efficiency Supply Chain Optimization 49

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

SCMDOJO

FEBRUARY 19, 2024

2007) According to Abramowich (2008) leading Six Sigma companies no longer just talk about quality or cost reduction. Figure-d: A New Lean Six Sigma (source: Abramowich, 2008) Deployment Models Various deployment models have been proposed to guide organizations in implementing Lean Six Sigma effectively. Hoerl, R.W., 38-39 Achanga, P.,

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain supply chain budgeting Quality Supply Chain Optimization 98

Supply Chain Opz

JULY 7, 2013

Resilience Project, its methods has been tested under many extreme circumstances such as, - 2008: Chengdu Earthquake in China. They develop a system called "Risk Engine" which incorporates 100-year flood data, geological and geopolitical data, site incident data, supplier performance and so on so they can predict the magnitude of disruptions.

Supply chain 68

Supply chain Supply Risk Supply chain management 68

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. What do the numbers say about external stakeholder retention, e.g., suppliers? In 2006, 14,371 of the 34,000 suppliers received orders. Yes, Virginia!

Suppliers 58

Suppliers Import Leadership Collaboration 58

Jaggaer

JANUARY 28, 2019

Research on supply chain following the 2008 economic recession found that supply chain executives took several major steps to deal with the decline, each of which is particularly relevant as we enter 2019. During the 2008 market recession, many companies suffered because they failed to reduce capacity as demand plummeted.

Supply Chain Efficiency 40

Supply Chain Efficiency Agile and Lean Supply Chain Procurement Procurement team 40

Jaggaer

JUNE 9, 2020

According to the Financial Times , over 3,300 suppliers in China received force majeure certificates in February alone. It’s also important to develop recovery plans with your suppliers and make sure that they’re clearly outlined in contracts. Connect Suppliers Digitally. Revise Your Contracts.

Procurement strategies 52

Procurement strategies Strategy Management Procurement 52

Let's Talk Supply Chain

JULY 27, 2022

The premise for the company was working with local companies across Alabama, Georgia, and Northern Florida developing tools to provide more visibility into their suppliers across their supply chain. I’ve consulted several cloud procurement & supply chain application providers (2008-2012) and influenced their product roadmaps.

Agile and Lean Supply Chain 115

Agile and Lean Supply Chain supply chain software solutions Supply chain Supply 115

Zycus Cognitive Procurement

SEPTEMBER 15, 2022

According to McKinsey research , in the five years immediately following the 2008 global financial crisis, total return to shareholders for companies with top-quartile procurement capabilities was 42 percent higher than the companies whose procurement operations were in the bottom quartile. This is to enable greater autonomy and agility. .

supply chain budgeting 52

supply chain budgeting Procurement supply chain software solutions Agile and Lean Supply Chain 52

Supply Chain Game Changer

NOVEMBER 18, 2018

The term “Blockchain” was first coined by Satoshi Nakamoto in 2008 as the name for the electronic transaction ledger to be used in support of the cryptocurrency Bitcoin. Material Suppliers, Manufacturers, Distributors, Shippers, Carriers, Logistics companies, and Customers all want to know where goods are in the Supply Chain.

Supply Chain Efficiency 84

Supply Chain Efficiency Supply chain Sourcing Logistics 84

Jaggaer

SEPTEMBER 29, 2020

The financial meltdown of 2008 provided a further impulse. They have come to realize more than ever the value of close supplier relationships. I have been arguing for some time that we need to take a team-based approach to these issues and put strategic suppliers at the center. Only procurement is in a position to do this.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Procurement Eprocurement Supply Chain Efficiency 52

Procurement Insights

OCTOBER 8, 2024

Here are the Top 3 concerns for CPOs in 2019: Cost Reduction and Efficiency Digital Transformation and Procurement Technology Supplier Risk and Disruption Management Conclusion: In 2019, CPOs were at the intersection of cost management, digital transformation, and sustainability.

Chief Procurement Officer 52

Chief Procurement Officer Supply Chain Efficiency Procurement Supply Chain Optimization 52

EazyStock

MAY 22, 2020

We have been part of the Assa Abloy Group since 2008, and I started as purchasing manager for the company back in 1999. In addition to EazyStock , we work with automated EDI flows for both customers and suppliers. Copiax is the Nordic region’s largest wholesale company in the security industry.

Purchasing 52

Purchasing Quantity Inventory Management 52

Empowering CPO

FEBRUARY 20, 2023

DuPont had conducted a Life Cycle Assessment Study in 2008 and these were the results that they published which became the basis for us to propose the usage of Flexographic Printing over Gravure. Also, the thermal oxidizers used for Gravure Printing consume higher fuel due to the requirement of increased air for the drying of the plates.

Procurement 52

Procurement Sustainability Market analysis Suppliers 52

Supply Chain Game Changer

JANUARY 29, 2020

m/m in 2020 was taken way back in 2008 and it got ratified in 2016 in the 17th session of MEPC meeting. Reducing sulphur emissions by utilizing low sulphur fuel oils in shipping vessels will help reduce greenhouse gas emissions by at least 50% by 2050 compared to 2008 requirements. m/m of Sulphur cap. The decision to make it 0.5%

Agile and Lean Supply Chain 67

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

NLPA (Next Level Purchasing Association)

JUNE 23, 2022

In this broader perspective, the process includes executive S&OP, Material Requirements Planning, Master Scheduling, Plant and Supplier Scheduling, Manufacturing Capacity, Outsourcing, Distribution and other detailed planning/coordination (1). Wallace and Co., The Mission of eS&OP.

Demand Planning 52

Demand Planning Demand supply chain budgeting Strategic planning 52

Empowering CPO

NOVEMBER 12, 2020

As per 2008 study by Corporate Executive Board, 12% of total marketing budget goes towards market research. number of current suppliers among many other factors. 1% for B2B and 0.9% for B2C type of companies). The above information points to the fact that companies invest a lot in Market Research.

Category management 52

Category management Cost of ownership Procurement Strategic sourcing 52

Supply Chain Game Changer

MARCH 12, 2021

Since the recession in 2008, traditional lenders don’t usually grant loans to small businesses that easily. To avoid late payments, set-up an automated payment system that allows you to send recurring payments to your suppliers and lenders. Small business credit card article and permission to publish here provided by Roel Mahalin.

Purchasing 71

Purchasing Supply Chain Efficiency Supply chain Management 71

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. Educating employees, suppliers, customers and the wider community will encourage carbon reduction actions and increase a business’ ‘carbon handprint’. compared to pre-industrial levels.

Supply Chain Efficiency 52

Supply Chain Efficiency Ethics Supply chain Suppliers 52

SPLC (Sustainable Purchasing Leadership Council)

AUGUST 24, 2017

Chrysler began its sustainability journey in 2008, when two very energetic purchasing professionals (“intrapreneurs”) began advocating it. We championed the creation of an online Supplier Sustainability Self-Assessment tool for suppliers to learn about sustainable business practices and then assess their current state.

Supply Chain Efficiency 40

Supply Chain Efficiency Sustainability Buyers Purchasing 40

Procurify

AUGUST 11, 2022

Businesses that sell goods should secure their inventory by speaking to their suppliers. When looking at the financial crisis of 2007-2008, McKinsey points out that “foresight, response and adaptation” helped companies outperform. Create a plan and discuss how you can avoid inventory stagnation or overstock. .

supply chain budgeting 52

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

Zycus Cognitive Procurement

APRIL 4, 2022

After the financial crisis of 2008, companies started to focus on improving their overall value creation to survive the demanding market and economic situation. Unfortunately, with stakeholder pressure to deliver growth and profits in the short term, many companies lost sight of their long-term strategic goals and long-term investments.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Supply chain Risk 52

Supply Chain Game Changer

MARCH 20, 2019

The earliest mention of Blockchain technology was the Oct 2008 article published by the ever enigmatic, Satoshi Nakamoto which evangelized the use of distributed ledger philosophy to develop the digital current called Bitcoin. How did Blockchain technology emerge? I would like to call Bitcoin as Blockchain 1.0.

Agile and Lean Supply Chain 79

Agile and Lean Supply Chain Supply Chain Efficiency supply chain software solutions Supply chain 79

Supply Chain Brain

JANUARY 15, 2018

Van Gundy believes the corporate landscape is different from what it was in the early 2000s and during the Great Recession of 2007-2008. The mindset has changed a little bit,” he says. Many now see the need to focus on the development of new products, and investments in plants and equipment.

Consumer demands 40

Consumer demands Demand Inventory Risk 40

Procurement Insights

APRIL 2, 2025

In March 2008, I wrote the following post – and yes, in my younger years, I had a bit more of a whimsical tone than I perhaps do today: Shared Services Simplified or How Barry Bonds Bat Weight Explained GoC Thinking. supplier cuts) may conflict with policies, risking 5-10% compliance issues if unchecked, per Gartner (2024).

Import 52

Import Procurement Risk Ethics 52