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Agile and Lean Supply Chain Definition Purchasing 
ivalua
JUNE 29, 2020
We believe that a key pillar of this transformation is the supply chain. With such growth comes supply chain complexity. Shift towards self-contracting and self-distribution: With health systems gaining significant scale and wanting more control over their supply chain, this shift is accelerating.
Una
SEPTEMBER 6, 2022
Leveraging Lean Procurement. What is lean procurement? Lean procurement” can mean several different things depending on who you ask, but the common thread connecting every definition is the core concept of doing more with less. Applying the principles of the lean work methodology to procurement.
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SCMDOJO
MARCH 25, 2022
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 supply chain management. Reminder of Key Definitions – Logistics & Supply Chain Management. and J-P Rodrigue (2004)).
SCMDOJO
SEPTEMBER 8, 2023
This blog explains The Key MRP Metrics in Supply Chain whcih every supply chain professional in Manufacturing or Distribution Businesses. Supply chain professionals will be familiar with the term Material Requirements Planning (MRP).
Supply Chain Opz
JULY 7, 2013
Triple-A Supply Chain: 10 Strategies to Supercharge Performance. In previous article, we discuss how to use value chain analysis to formulate supply chain strategy. Supply chain professionals learn how to divide things into groups (segmentation) for a long time. Triple-A Supply Chain.
Supply Chain Opz
JUNE 1, 2014
Professionals in supply chain management use various methods to identify best practices to improve the operations. In order to accelerate the learning, this article has gathered 20+ most sought-after supply chain case studies, analyzed/categorized them by industry and the findings are presented.
Procurement Insights
APRIL 8, 2025
MODEL #2 An agent-based model within a metaprise framework outperforms traditional equation-based intake and orchestration models in procurement because it better addresses the complexity, unpredictability, and multi-stakeholder nature of modern supply chains. Complex, multi-tiered supply chains Superior (e.g.,
Jaggaer
FEBRUARY 5, 2025
Strategic Sourcing Success: Best Practices and Key Strategies Of course, there are many definition s of source-to-pay but put simply, strategic sourcing is a data-driven approach to securing the best value for your organization from its strategic suppliers. emergency purchases and b.) How Has Strategic Sourcing Evolved?
Supply Chain Opz
OCTOBER 27, 2013
Are you a supply chain management professional who are looking for inspiring ideas to improve the operations of your supply chain? Background Early this year, I published one article named " 10 Greatest Supply Chain Management Books of All Time ".
Supply Chain Game Changer
NOVEMBER 19, 2018
Check out Brand Protection – The Definitive Role of the Supply Chain! The Supply Chain function within your company has many responsibilities. Yet often the Supply Chain is undervalued. Why is Supply Chain often undervalued? Pressures for Cost Reduction in Supply Chain.
Supply Chain Game Changer
OCTOBER 8, 2019
Subscribe to Supply Chain Game Changer. A truly efficient and effective Supply Chain must include a strategy, plans, business processes, and performance metrics that incorporate disintermediation and the elimination of waste! Why Disintermediate the Supply Chain? Now consider what a Supply Chain entails.
Procurement Tactics
JUNE 28, 2023
It plays around with the Law of Supply and Demand and is the backbone of Global Trade. Its definition, history, how it affects economies, and how it evolved. Livestock Commodities Livestock and meat commodities include lean hogs , pork, live cattle , and feeder cattle. What are Commodities? What is Commodity Trading?
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Finale Inventory
JULY 15, 2024
Defining Just in Time (JIT) Inventory Just in Time (JIT) inventory, also known as lean inventory or zero inventory, is a management approach that emphasizes minimizing inventory levels by receiving goods only when they are needed for production or sale. Quality Control: JIT inventory places a strong emphasis on zero defects.
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Pipefy
JANUARY 31, 2023
Build better procurement processes with the Definitive Guide to Workflow Management Download now 3 types of procurement methods Direct procurement Direct procurement deals with the purchasing of products or services that are essential to the business core. It’s more common for direct procurement to involve rigid purchasing (i.e.
Finale Inventory
JULY 11, 2024
We will examine their definitions, provide practical examples, and discuss their significance in modern business operations. Information systems automate tasks, optimize inventory management, and streamline supply chain processes, improving efficiency and delivering exceptional customer experiences.
Una
OCTOBER 13, 2022
Procurement and supply chain management would be a lot easier if the function existed in a bubble, but it would also be a lot less exciting. The last couple of years have truly been a very exciting time to be in supply chain. But the definition of small businesses runs into millions of dollars in revenue per year.”
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Una
JULY 13, 2023
The Definition of a Sourcing Hero Past guests from The Sourcing Hero podcast provide the definition of a sourcing hero and give examples of heroism in a business context. The definition of a sourcing hero At the close of every episode, it has become a tradition of sorts for Kelly to ask each guest a question.
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SCMDOJO
NOVEMBER 2, 2023
Effective supply chain management is essential for success in the dynamism and connectivity of modern companies. To accomplish this, you require the skills of supply chain experts who can manage the complexity and difficulties of today’s global supply chains. They come from a variety of backgrounds.
IBM Supply Chain Blog
SEPTEMBER 20, 2021
For years, supply chain professionals have measured success by how well they have been able to drive down costs and drive up efficiency. Then, 2020 sent shockwaves through many JIT strategies; the disruption was just too big to absorb and supply chain ecosystems had not been built to flex.
Finale Inventory
JULY 22, 2024
Anticipation inventory is a key element of supply chain management, where companies strive to balance having sufficient stock to meet customer demand while preventing unnecessary surplus that ties up capital. Supply chain management also plays a significant role. First, accurate sales forecasting is vital.
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Supply Chain Game Changer
DECEMBER 9, 2020
Subscribe to Supply Chain Game Changer. Inventory management starts with the fundamental in and out of your supply chain. If your business is small, separate applications can be purchased to piecemeal the jobs usually done in an ERP’s modules. Subscribe Here! Email Address. Get Our EBOOK HERE.
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Una
NOVEMBER 19, 2023
The Definition of a Sourcing Hero | Part Two Past guests from The Sourcing Hero podcast provide the definition of a sourcing hero and give examples of heroism in a business context. The definition of a sourcing hero At the close of every episode, Kelly traditionally asks each guest a question.
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Pipefy
DECEMBER 10, 2022
The purchasing process is a critical element of a company’s overall procurement department. No matter the size of your company, how you structure your purchase process has a direct impact on your company’s ability to control costs, manage risks, and maintain process resilience as supply chains evolve.
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SCMDOJO
FEBRUARY 21, 2024
Nunners’ 4PL experts develop , implement, and manage solutions that streamline your supply chain to make it lean, agile, and demand-driven. 4pl Logistics Definition 4PL logistics, also known as fourth-party logistics, offers a smart approach to managing supply chains.
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Finale Inventory
JULY 22, 2024
This article will cover SKU rationalization, including its definition, benefits, and practical examples in ecommerce. With a streamlined product portfolio, businesses can more accurately predict demand patterns, reduce stockouts, and enhance overall supply chain management. The post What is SKU Rationalization?
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Supply Chain Trend
JUNE 29, 2023
In two articles, based on the webinar “XP&A in action: Enhancing FP&A Agility with Supply Chain Planning” , I will discuss the future of xP&A and supply chain planning. This is the definition of a “digital twin” for planning.
Pipefy
MARCH 6, 2023
Supply chain interruptions, worker shortages, and rising inflation costs that emerged with the pandemic have forever changed the economic landscape. Build more efficient processes with the Definitive Guide to Workflow Management Download now What is operational efficiency?
Supply Chain Game Changer
APRIL 15, 2020
Subscribe to Supply Chain Game Changer. The Digital Supply Chain Road is Full of Potholes, Construction and Accidents! SpendMatters Supply Chain Dive Supply Chain Digital Art of Procurement (Podcast). Procurious Procurement Leaders Chartered Institute for Procurement & Supply (CIPS).
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Supply Chain Game Changer
NOVEMBER 15, 2018
Check out The Supply Chain Game Changer Job Board! Supply chain leaders will face 2018 with uncertainty and opportunity. Data visualization can be applied to any supply chain process that presents users with information enabling the immediate adjustment of operations or sharing of information.
Solvoyo
MARCH 5, 2021
For businesses of all sizes, the digital transformation of supply chain planning became the most important initiative. . Considering this surge in digital transformation and the changing needs of 2021, here are some insights and tips for embarking on Supply Chain Digital Transformation projects.
Arkestro
DECEMBER 5, 2022
Technology innovations have been massive, changing how food is grown, processed, and purchased. These disruptions have exposed the fragility of global supply chains. A shift toward regionalized supply chains and diverse suppliers may be the key to resilience. harvested wheat is the lowest since 1888.
NLPA (Next Level Purchasing Association)
JANUARY 6, 2025
What makes FIFO (First-In, First-Out) such a vital strategy for inventory management in Purchasing and Procurement? In the fast-paced and ever-changing world of supply chains, FIFO stands out as a simple yet transformative approach. Logistics & Supply Chain : Enhances throughput in distribution centers.
Supply Chain Game Changer
APRIL 11, 2019
Subscribe to Supply Chain Game Changer. Outsourcing your fulfillment makes your business agile. Here’s how eCommerce fulfillment works: You purchase or manufacture products to sell online. The fulfillment center pulls the order from your pre-purchased inventory. … Principles for World Class E-Commerce Fulfillment!
Pipefy
JANUARY 9, 2023
Supply chain risks heightened by geopolitical conflict. Build better P2P processes with the Definitive Guide to Workflow Management Download now. A recent survey of procurement and supply chain leaders found that 32% of procurement teams admitted to cutting corners with their sourcing criteria and suppliers to secure supply.
Supply Chain Game Changer
NOVEMBER 13, 2018
And What is Purchasing? From the starting point of the traditional buy-sell, transaction-based purchasing, the practice has moved through stages of change that redefines most aspect of the business. This can be achieved through reduction in prices of purchased products & services and reduction in their specific consumption.
Pipefy
JANUARY 30, 2024
Because procure-to-pay teams lacking business agility, internal resources, or adequate tools are hungry for solutions that can help them streamline operations, increase strategic influence, gain spend control, innovate sourcing streams, improve efficiency, and increase time for more “high-value” work. billion by 2028.
Supply Chain Game Changer
NOVEMBER 25, 2018
But this evolution in the supply chain, and for last mile fulfillment in particular, doesn’t end with retail. From restaurant chains to supermarkets to pharmacies to service providers, the world of logistics is experiencing unprecedented change. Real-time Visibility.
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Jaggaer
JUNE 28, 2024
I was recently delighted to be joined in webinar discussion by Iain Prince, Operational Transformation & Supply Chain Partner at KPMG. From resilience to agility As Iain was quick to point out, there is no shortage of people offering advice on supply chain resilience.
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Supply Chain Game Changer
NOVEMBER 7, 2018
Check out What Exactly Is Supply Chain Management? 10 Different Definitions! Simply put it involves any activity associated with the backward movement of parts or goods or services back up through any stage, or stages, of the Supply Chain. I prefer the simpler definition provided by the RLA. Subscribe Here!
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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? Resiliency and Agility is the Name of the Game.
Una
JUNE 8, 2023
We need to focus on those that are critical for maintaining a reliable supply chain, optimizing costs, driving innovation, improving efficiency , and supporting strategic objectives. There are plenty of definitions available online, but in my opinion one of the best comes from Oboloo.
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Supply Chain Game Changer
NOVEMBER 7, 2019
Subscribe to Supply Chain Game Changer. What is the Digital Supply Chain? Instigating the mapping/implementation of a digital procurement ecosystem requires a definition of the elements in the process you’d like to digitalize. Above all, you need to remain agile in your adoption. Subscribe Here!
Supply Chain Game Changer
NOVEMBER 11, 2018
And What is Purchasing? Ashley, our CTO, summarized the event in a few concise talking points: the focus on disruption of procurement, coming implementation of technologies (such as AI), agility in the workplace and tech-savvy talent. CPOs will look to hire younger, and more agile talent. Two words: Technology & Agility.
Supply Chain Opz
JANUARY 3, 2022
Then, we use these criteria to rank the books, - Practicality: we look closely at how each book can provide basic concepts and strategies of the "Integrated Logistics Functions", namely, customer service, purchasing, production planning, warehousing, and transportation in a clear and concise manner. The links below are paid links.
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