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Agile and Lean Supply Chain Definition Sourcing 
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. Eliminating waste; for example by reducing lengthy sourcing times.
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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. How Has Strategic Sourcing Evolved?
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)).
Supply Chain Opz
JUNE 23, 2013
Value Chain Analysis for Superior Supply Chain. What is Value Chain and Value Chain Analysis? Many academics and practitioners use the word "value chain" and " supply chain " interchangeably. This is classic value chain model. Ed) (1994) Commodity Chains and Global Capitalism.
Supply Chain Game Changer
JUNE 11, 2019
Subscribe to Supply Chain Game Changer. What is Supply Chain Management (SCM)? When I started my career the term “Supply Chain” had just been coined. Now as I look back on my career virtually everything I did falls under the banner of Supply Chain management. Subscribe Here!
Jaggaer
OCTOBER 24, 2024
By selecting and developing the right suppliers and establishing streamlined, transparent communication with them, manufacturers gain the agility and resilience to respond to customer demands, rise to the top, and navigate disruptions more easily. That makes agility a foundational part of your manufacturing strategy.
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.
52 
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.
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.
52 
ivalua
SEPTEMBER 26, 2019
The examples that Musk mentions in the video show that modern supply chains are becoming more global and more complex. Protecting your business from these disruptions is challenging, because they can originate from so many different sources. CSCMP’s Supply Chain Quarterly. Make Risk Management Part of DNA.
Supply Chain Trend
MAY 17, 2022
Preview – Most IBP cycles around the world are based on a 20-year-old process definition supported by 20-year-old planning concepts. In this blog : a new role for supply chain planners. The new evolutionary challenge for IBP, and more specific for supply chain leaders, is to close the traditional IBP decision gaps.
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.,
Procurement Heads
MARCH 27, 2023
We are having to become much more agile in our approach because suppliers are less willing to hold their pricing. I’m passionate about working in collaboration with the supply chain and allowing for constructive conversations so that we’re doing all we can to ensure the best value for money for our customers.
246 Supply Chain Game Changer
MARCH 20, 2019
Subscribe to Supply Chain Game Changer. What Supply Chain Management problem does this solve? The biggest problem in the transitional supply chain is lack of open and trustworthy information availability across the supply chain caused by multiple issues – trust, technology and legacy practices being the top ones.
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.
52 
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.
SCMDOJO
AUGUST 28, 2024
The evolution of warehousing has been a fascinating journey, mirroring the broader transformation of supply chains. Warehousing has undergone a dramatic transformation, evolving from a simple storage function to a critical strategic asset within the modern supply chain.
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. Goods arrived exactly when needed, waste and holding costs were kept to a minimum, and single source strategies prevailed due to ease and cost savings.
Procurement Software
MARCH 7, 2023
Procure-to-Pay (P2P) and Source-to-Pay (S2P) are not just fancy acronyms used by consultants, procurement and finance professionals. Behind these terms are whole concepts of processes that manage how goods and services in your business are requested, sourced, received and paid. What steps are involved in Source-to-Pay?
64 
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?
178 
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. Una’s Senior Director, Kris Lance, is a frequent guest on The Sourcing Hero podcast. The last couple of years have truly been a very exciting time to be in supply chain.
98 
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. It must be able to read multiple data sources and dynamically update those sources if required.
Arkestro
DECEMBER 5, 2022
These disruptions have exposed the fragility of global supply chains. Unique obstacles have caused many companies to re-evaluate their sourcing strategies. A shift toward regionalized supply chains and diverse suppliers may be the key to resilience. Other challenges reflect problems throughout the supply chain.
Spend Matters
OCTOBER 3, 2024
The appetite for third-party risk management (TPRM) within procurement and the supply chain is keener than ever before — risks are more numerous and complex in what is an increasingly fast-paced and global business environment. Read our analysis: Risk is complex — The different types and sources of risk.)
111 
The Good Spending
AUGUST 16, 2022
Why is supply chain collaboration essential? Once, I was asked what makes the supply chain important to a company. Shadow procurement, supply chain, and logistics have become standard for many companies. The supply chain is the most collaborative function in the business.
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. Everyone from your product developers to your supply chain management team can more easily do their jobs. Subscribe Here! Email Address. What is Product (or Master) Data Management?
98 
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.
52 
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?
52 
The Network Effect
MARCH 18, 2016
There’s an interesting report from Boston Consulting Group (BCG), Three Paths to Advantage with Digital Supply Chain , that illustrates the urgent need for companies today to transition to a digital supply chain, if they haven’t done so already. ” What is the Digital Supply Chain?
Procurement Heads
SEPTEMBER 6, 2023
The University of Bath was – and I think still is – a real centre of excellence for Procurement and Supply Chain. That’s something that has definitely stayed with me. You’re a strong proponent of diverse and sustainable supply chains. Could you tell us a bit about your career journey so far?
Solvoyo
MARCH 5, 2021
Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. For businesses of all sizes, the digital transformation of supply chain planning became the most important initiative. . This includes internal and external data sources.
Let's Talk Supply Chain
JUNE 5, 2023
Today I’m joined by Logward , an exciting tech brand with a vision of a future where supply chain departments lead the transformation of their industries, instead of simply transporting it. What definitely has changed is the attention and the sense of urgency.” 18.22] The ideal customer for Logward.
Supply Chain Trend
OCTOBER 20, 2022
It has been defined by Gartner as a top strategic technology trend with the following definition. Finding an alternative material, source, or mode of transport to speed up delivery can be automated. It speeds up decision making, increasing agility. Some examples: A material is short.
109 
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? Learn more about process optimization.
Procurement Software
DECEMBER 5, 2022
Procure-to-Pay (P2P) and Source-to-Pay (S2P) are not just fancy acronyms used by consultants, procurement and finance professionals. Behind these terms are whole concepts of processes that manage how goods and services in your business are requested, sourced, received and paid. What steps are involved in Source-to-Pay?
52 
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! Source: Deloitte CPO Survey 2019. Below are some outlets that are trustworthy sources of news, content, reports, and conversations: LinkedIn Groups. Subscribe Here! Email Address.
90 
The Good Spending
AUGUST 23, 2022
This post attempts to provide the most comprehensive view on procurement value and practical methods of its realizations compared to many other web sources replicating slogans and mystifying logical and straightforward concepts. Therefore, we will give different definitions, not pretend to have found the unilateral value formula.
98 Supply Chain Game Changer
NOVEMBER 13, 2018
As companies seek to discover ways to increase overall excellence and competitiveness, a new source of value has emerged – Strategic Sourcing. What is Strategic Sourcing? Strategic Sourcing does exactly the same by addressing the total cost. A Paradigm Shift in the Procurement Function. So what are the new realities?
Pipefy
JANUARY 30, 2024
The global source-to-pay and procure-to-pay outsourcing market is expanding rapidly with the market expected to reach $55.8 To do so, procure-to-pay trends point to an increased focus on three key areas: technology, collaboration, and sourcing. The Definitive Guide to Procure-to-Pay Optimization Download free guide 1.Greater
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.
52 
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.
58 
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 7, 2019
Subscribe to Supply Chain Game Changer. What is the Digital Supply Chain? When building a digital procurement and sourcing ecosystem, it’s important to dig into your existing procurement process. Source: Deloitte CPO Survey 2018. Source: Kodiak Rating. Subscribe Here! Email Address.
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