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The following is a 31-minute video of a 2011 lecture I gave at eWorld. It made me wonder if and how the C-Suite view of procurement has evolved over the past 14 years. Starting with the CFO, then the CIO, CEO, and The Board, here is the outline of changes in how top executives view procurement going forward in 2025.
RESEARCH TRIANGLE, NC, March 20, 2025 Rittal, one of the world’s leading system providers of electrical enclosures, power distribution, climate control, IT infrastructure, software and services, has confirmed JAGGAER for its procurement processes. Over time, the use of the software was gradually extended to other modules.
When we talk about reputational risk, we refer to damage to a company’s name or brand resulting from the negative actions (inadvertent or not) of a top-tier supplier or sub-tier part of the supplychain. Find our in-depth guide to third-party and supplychain risk management with accompanying free download here.
Supplychains are particularly vulnerable during recessions. Consequently, it is imperative to develop a recession-proof supplychain to make them more resilient and adaptable. A resilient supplychain is one that can absorb shocks and continue functioning with minimal disruption.
In the current era, it is clear that new modes of production are concomitant with new modes of distribution, which advances the field of logistics, the science of physical distribution or even supplychain management. Reminder of Key Definitions – Logistics & SupplyChain Management. Neil Southern, 2011).
Like safety stock calculations , EOQ is one of the most important equations in supplychain planning. With the rise of COVID-19, the supplychain in is facing a huge challenge in the lead time. Author : Emad Atef – CSCA, MBA (Candidate), Procurement and Sourcing Manager. References. Bowersox, David J.
Together with its strategic partner Optis Consulting, Ivalua’s solution has digitally enabled FCL’s policies and processes for core procurement activities, including sourcing and contract management. Optis Consulting is a Source-to-Pay consultancy providing independent advice, precision implementations, and sustainable results to clients.
In recent years, there has been a significant shift in the supplychain industry as more and more women are choosing careers in this traditionally male-dominated field. This rise of women in the supplychain is not only breaking gender barriers but also bringing a fresh perspective and new ideas to the table.
Part I: Bridging the Gap between Procurement and Finance. To achieve their long-term goals, they needed to bridge the gap between their procurement and finance teams. . Amrest has been using Ivalua ‘the tool’ since 2011 across nine countries, with almost 3000 end-users on the platform. A New Vision for Amrest. Where to begin?
Part I: Bridging the Gap between Procurement and Finance. To achieve their long-term goals, they needed to bridge the gap between their procurement and finance teams. . Amrest has been using Ivalua ‘the tool’ since 2011 across nine countries, with almost 3000 end-users on the platform. A New Vision for Amrest. Where to begin?
Supplychain visibility is essential for successful procurement, as it enables businesses to proactively manage risks and optimize their supplychain. By having a clear view of their entire supplychain, businesses can identify potential issues and take steps to mitigate them. million, up from $1.9
If you have an efficient ERP system, information can flow freely between your source-to-pay applications and the companys central IT infrastructure. In addition to manufacturing or production, ERP then expanded to include finance, accounting, order management, supplychain management, payroll, and HR. We are ERP-agnostic.
Procurement is at the core of many companies’ efforts to increase green practices. According to our partner EcoVadis’s Global CSR Risk and Performance Index report , depending on their industry, 50% to 80% of a company’s sustainability impact is in their supplychain. Why Corporate Sustainability S tarts with P rocurement.
This article explores challenges identified in a research paper by McKinnon (2006) focusing on vehicle utilization and efficiency in the freight industry [1]. Urban consolidation centers: Establishing strategically located hubs allows for the consolidation of smaller deliveries into larger, more efficient routes for final distribution [2].
Director, SupplyChain Global Head of Digital Transformation SupplyChain and Commercial Excellence The above is just a partial list of speakers and attendees at an upcoming conference in the United States. Source: Chat GPT) What possible reasons? If we are not there, are we missing out?” What do you think?
I love public sector procurement. It would be reasonable to suggest that it is a market I have engaged extensively – especially in the first decade of the Procurement Insights blog. After giving several interviews with the local media asking for my assessment, I wrote the final post on the topic in June 2011. In the U.S.,
For example, in 2019, 90% of companies listed on the S&P 500® index issued an annual sustainability report, compared to just under 20% in 2011. I recommend companies take tangible action toward setting supplychain ESG goals in the following ways: 1.
For example, in 2019, 90% of companies listed on the S&P 500® index issued an annual sustainability report, compared to just under 20% in 2011. I recommend companies take tangible action toward setting supplychain ESG goals in the following ways: 1. Define Your Scope.
These consumers can spot greenwashing from a mile away and are demanding complete transparency and data from brands to back up their ESG claims. . What’s more, 80% want to know the origin of their products, and 69% of these consumers would pay a premium for brands that readily provide this kind of transparency. .
The Importance of Procurement in Business Procurement is the lifeblood of any business. This can range from raw materials for production, to office supplies, to strategic partnerships. Understanding Procurement Metrics To gauge the effectiveness of procurement activities, businesses rely on procurement metrics.
I write what I write based on five decades of experience and expertise in high-tech and procurement – in short, I write what I know and, through this process, make meaningful insights accessible to as wide an audience as possible. The answer may be in this timeless video from my 2011 post: Madison Avenue ooops.
These consumers can spot greenwashing from a mile away and are demanding complete transparency and data from brands to back up their ESG claims. What’s more, 80% want to know the origin of their products, and 69% of these consumers would pay a premium for brands that readily provide this kind of transparency.
Posted on August 22, 2011 (Original post date May 2007) Dangerous SupplyChain Myths Revisited (Part 7): Enabling Technology – The Emergence of the Metaprise Each day for the next seven days I will be posting parts 1 through 7 from what is considered to be one of the most popular series in the Procurement Insights Blog’s history.
The pandemic has taught us supplychain professionals a precious lesson in supplychain risk management. The pandemic has put to the test, flexibility, adaptability, and resilience of supplychains. The supply disruption triggered in China sent shock waves all around and shut down the global economy.
I’ve been with FCA (formerly Chrysler) for over 30 years, much of it in various elements of supplychain management. How did your organization make sustainability in procurement a priority? Chrysler published its first sustainability report in 2011. Bill’s Story. How did your passion for sustainable purchasing develop?
ESG ratings are not yet universal, so it’s important to look at the methodology to understand why a company received the rating it did Your procurement department can help keep you in compliance with your ESG strategy. Governance: The governance pillar covers a company’s leadership, ethical practices, transparency, and accountability.
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