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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.
The Japanese Earthquake of 2011 and resulting tsunami are not exactly top of mind these days. On Friday March 11, 2011, at about 2:45PM local time, the most powerful earthquake ever recorded in Japan struck. You may remember the death and destruction from 2011 and draw a connection to the toll of the current coronavirus pandemic.
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).
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.
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.
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 in 2015.
Solution: Route optimization software: Utilizing software that optimizes delivery routes can minimize travel distances and improve vehicle fill rates, even with smaller loads [1]. Solutions: Route optimization: Using technology to optimize delivery routes reduces travel time and fuel consumption.
When I graduated college with my shiny new SupplyChain Management degree, I figured I was heading into my first job to work on supplier contract negotiations, optimizing production line output, and all of the other 'sexy' supplychain management strategy we had spent two years learning about. We all outsource.
At SupplyChain 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 SupplyChain Game Changer. This was my first foray into the world of supply.
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.
The World Bank published an article outlining three different scenarios and their potential impacts on global oil supply and prices: In the “small disruption” scenario, global oil supply would be reduced by 500,000 to 2 million barrels per day, similar to the reduction seen during the Libyan civil war in 2011.
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