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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.
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).
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. Ivalua is a leading provider of cloud-based Spend Management software. More information is available at www.fcl.crs and www.co-op.crs.
As a result, they avoided the trap of eVA becoming a software project, as Bob put it, and were thereby able to shift the emphasis from an exercise in cost justification to one of process understanding and refinement. The 75 to 85% e-procurement initiative failure rate gives testimony to this fact. – Yes, Virginia!
Origins of ERP ERP is a software system that helps organizations streamline their core business processes. In addition to manufacturing or production, ERP then expanded to include finance, accounting, order management, supplychain management, payroll, and HR. In this article, we discuss most of the leading ERP systems.
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
This week we're talking about supplychains. More specifically, where does the line lie between procurement and supplychain? Should we be concentrating on better understanding our multi-tiered complex chains, rather than just purchasing software to better track and trace shipments?
Solution: Route optimization software: Utilizing software that optimizes delivery routes can minimize travel distances and improve vehicle fill rates, even with smaller loads [1]. SupplyChain Management: Logistics, Planning, and Collaboration. Key Constraints / Issues for Vehicle Utilisation. doi: 10.1016/j.tre.2018.08.012
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.
When Gartner’s name came up during a recent conversation, I was immediately reminded of this post I wrote – including a short video in 2011. was recently named a leader in supplychain planning for its commitment to a streamlined approach to its logistics and supplychain, especially in regards to its technology operations.
In the November 3rd, 2023, SupplyChain Game Changer article “How SupplyChain Innovation Propels Startups to Unicorn Status!” ” – Procurement Insights (May 2011) How many service providers today offer a “guaranteed” return? Choosing The Right Unicorn (Service Provider)?
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.
We earned over 100 software patents (24 with my name), secured leadership positions in 150+ analyst reports, and went toe-to-toe with SAP! A Great Journey Not long after I launched this blog in May 2007, Dave Stephens contacted me about sponsoring Procurement Insights. How about 2011?
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.
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. ESG Strategy and How Procurement Can Keep You Compliant. Procurement Data Plays an Important Role in ESG Analysis.
nShockwaves were sent through the procurementsoftware industry last December when the Coupa software acquisition was announced. Aside from the obviously devastating blow this is to their former employees, what is the wider and longer lasting impact of Coupa’s acquisition on the procurementsoftware industry?
Procurement excellence is a hot topic these days. If Procurement is to deliver more with less, it’s essential that we get the most out of the resources we do have. Profit from the Source: BCG’s 10 Step Plan to deliver Procurement Excellence It starts off by introducing Tim Cook of Apple as being something of an anomaly.
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