SCMDOJO

JANUARY 9, 2025

Key Benefits of Strategic Sourcing Building Long-Term Supplier Partnerships Strategic sourcing focuses on identifying and collaborating with suppliers who align with a companys long-term goals. By fostering these relationships, businesses can ensure stable supply chains, consistent quality, and even access to supplier innovations.

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Procurement 98

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. Create strategic focus.

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain supply chain budgeting Procurement Procurement strategies 98

Procurify

MAY 26, 2022

Did you know that only 22 percent of companies have a proactive supply chain network? That’s why in today’s fast-paced global economy, it’s more important than ever to make sure your supply chain is efficient and reliable. . Let’s take a look at each of these supply chain management methods. .

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Efficiency supply chain budgeting supply chain software solutions 52

ivalua

JUNE 1, 2022

From this discussion, we compiled a list of 8 critical supply chain management activities that to improve, build, and maintain supply chain resilience now and in the years to come. But building an agile, resilient supply chain doesn’t happen overnight; it requires forethought and planning.

Supply chain resilience 130

Supply chain resilience Supply Chain Efficiency Agile and Lean Supply Chain supply chain budgeting 130

ivalua

MARCH 16, 2021

They discussed the impact of the Covid-19 pandemic on Procurement and came up with this list of 8 critical supply chain management activities that can help Procurement teams build and maintain supply chain resilience now and in the years to come.

Supply chain resilience 130

Supply chain resilience Supply Chain Efficiency Agile and Lean Supply Chain supply chain budgeting 130

Procurement Software

MAY 9, 2022

Supplier Relationship Management (SRM) can be complex. Supplier relationship management software can make things a little bit easier. Sales & Marketing teams have reaped the benefits of Customer Relationship Management (CRM) solutions & Marketing Automation for the past 15–20 years.

Supplier relationship management 52

Supplier relationship management supply chain software solutions Suppliers Management 52

Procurement Software

MAY 9, 2022

Supplier Relationship Management (SRM) can be complex. Supplier relationship management software can make things a little bit easier. Sales & Marketing teams have reaped the benefits of Customer Relationship Management (CRM) solutions & Marketing Automation for the past 15–20 years.

Supplier relationship management 52

Supplier relationship management supply chain software solutions Suppliers Management 52

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. In the case of conflicts with suppliers, SRM can recommend corrective actions.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

SCMDOJO

JUNE 27, 2024

In an era where efficiency equates to competitive advantage, the oil industry’s supply chain management plays a pivotal role in determining a company’s profitability and sustainability. What Are the Key Components of an Oil Company’s Supply Chain?

Supply Chain Efficiency 98

Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain Supply chain 98

SCMDOJO

SEPTEMBER 24, 2024

Make vs Buy Analysis is an essential decision-making tool in supply chain management that significantly influences profitability, flexibility, and competitiveness. Make vs Buy Analysis evaluates whether to manufacture a product in-house or purchase it from suppliers. What is a Make vs Buy Analysis?

Supply Chain Efficiency 98

Supply Chain Efficiency supply chain budgeting Supply chain management Supply chain management 98

Jaggaer

FEBRUARY 5, 2025

Mastering Strategic Sourcing: Efficiency and Cost Savings in Procurement Strategic sourcing is a data-driven approach that focuses on long-term supplier partnerships rather than one-time cost reductions. Key elements include total cost of ownership (TCO) analysis, supplier relationship management, and category management.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Real-time Visibility 52

Procurement Insights

JANUARY 3, 2025

20152020: Procurement Gains Strategic Recognition Emergence of Strategic Sourcing : CFOs began to recognize procurement’s role in driving long-term value through strategic sourcing, supplier relationships, and risk management. CFOs began to see procurement as critical to business continuity and organizational agility.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Procurement 52

Supply Chain Opz

NOVEMBER 9, 2014

Companies of all sizes have been capturing the value from Global Supply Chain to increase the economies of scale and scope for years. Due to the rapid change in global business environment, managers find it difficult to gain the edge over competitors. delivery reliability”), but is that really “supply chain thinking”?

Agile and Lean Supply Chain 109

Agile and Lean Supply Chain Supply Chain Efficiency supply chain budgeting Supply Chain Optimization 109

IBM Supply Chain Blog

MAY 1, 2024

Unlocking the full potential of supply chain management has long been a goal for businesses that seek efficiency, resilience and sustainability. Generative AI, with its ability to autonomously generate solutions to complex problems, will revolutionize every aspect of the supply chain landscape.

Supply Chain Optimization 78

Supply Chain Optimization Agile and Lean Supply Chain Supply Chain Efficiency Supply chain 78

Procurement Heads

JANUARY 4, 2023

I joined KPMG in their supply chain practice and spend the next 16 years on consulting assignments in a smaller firm. In 2020, I moved back into corporate life as Head Of Supplier Relationship Management with Coventry Building Society. Our organisation has adopted agile ways of working.

Supply Chain Efficiency 246

Supply Chain Efficiency Agile and Lean Supply Chain Sustainability Suppliers 246

SCMDOJO

MAY 7, 2024

Supply chains are vital to businesses, facilitating the movement of goods, services, financial flows, and information. Enhancing supply chain resilience as well as supply chain visibility is crucial in today’s interconnected world. However, they are also susceptible to disruptions and risks.

Supply Chain Visibility 98

Supply Chain Visibility Real-time Visibility e2e Supply Chain Optimization 98

SCMDOJO

MARCH 24, 2025

Market Fluctuations and Inflation : External factors such as inflation, rising raw material costs, and global supply chain disruptions have a significant impact on procurement costs. Inflation has always been a top concern for higher management, as it is beyond the control of both suppliers and buyers. Huntzinger, J.

Price 69

Price Purchasing supply chain budgeting Raw materials 69

Jaggaer

OCTOBER 24, 2024

As procurement and supply chain leaders seek to optimize performance, collaboration with suppliers becomes a strategic tool for creating value for the business. Ensuring that your suppliers understand your commitment to customer satisfaction will help build a more responsive and reliable supply chain.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency supply chain software solutions 52

SCMDOJO

JUNE 28, 2024

In recent years, there has been a significant shift in the supply chain industry as more and more women are choosing careers in this traditionally male-dominated field. This rise of women in the supply chain is not only breaking gender barriers but also bringing a fresh perspective and new ideas to the table.

Supply Chain Optimization 93

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain Supply chain 93

SCMDOJO

JUNE 17, 2024

The power to guide supply chain challenges effectively is essential for any business in a difficult and fast-paced industry. According to statistics, the global supply chain control market is predicted to reach USD 37.41 billion by 2027.

Supply Chain Efficiency 98

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization Supply chain 98

Procurement Heads

NOVEMBER 9, 2022

From then, seeking a new challenge, I moved to LV= to IT procurement a couple of years later and didn’t look back until earlier this year when I was presented with a great opportunity to head up the non-Claims Supplier Relationship Management (SRM) team here at Allianz Holdings, after first TUPE’ing across at the start of 2020.

e2e 246

e2e supply chain budgeting Agile and Lean Supply Chain Chief Procurement Officer 246

Procurement Leaders

DECEMBER 9, 2022

With operations all over the world, and sourcing offices in Denmark, North America and China, its supply chain is exposed to a huge scope of complex challenges, across categories of spend including agriculture, chemicals, and enzymes, among others.

Collaboration 162

Collaboration Supply Chain Efficiency Raw materials Supplier relationship management 162

Jaggaer

OCTOBER 24, 2024

Building Stronger Relationship s : Effective Approaches to Multi-Tier Supplier Collaboration A chain is only as strong as its weakest link—but what if you can’t evaluate the entire chain? Tier 1 suppliers and their suppliers—and their suppliers’ suppliers—make up an organization’s multi-tier supply chain.

Collaboration 52

Collaboration Supply Chain Efficiency Suppliers Real-time Visibility 52

ivalua

JANUARY 29, 2020

Competitors or new market entrants can use it to attack you these days – you don’t need a chain of retail shops on the high street, just a good idea, a great website and an outsourced logistics operation. So the need for businesses to act with speed and agility has never been greater.

Collaboration 164

Collaboration Innovation Agile and Lean Supply Chain Procurement 164

Una

MARCH 6, 2023

Procurement process automation can involve anything from automated supplier discovery, risk monitoring, payment processing, spend analytics , and contract approval. The exciting part is that automation frees up your team for big-picture projects, supplier relationship management, strategic planning, and continuous improvement.

Purchasing 98

Purchasing Innovation Agile and Lean Supply Chain Supplier relationship management 98

Una

APRIL 13, 2023

Rather than telling them exactly what you want, you lean on their experience by asking them to recommend a suitable cut of beef. Identify your top 20% of suppliers The benefits of cultivating relationships with strategic suppliers are clear, but which suppliers should you choose?

Suppliers 98

Suppliers Supplier relationship management Agile and Lean Supply Chain Supply Chain Optimization 98

Spend Matters

JANUARY 4, 2024

For example, with a robust configuration, GenAI could be used in supplier relationship management to analyze supplier documents like ESG disclosures and contracts, generating queries and recommended resolutions to issues spotted via performance evaluations.

Procurement solutions 114

Procurement solutions Procurement Agile and Lean Supply Chain Supplier relationship management 114

Jaggaer

FEBRUARY 5, 2025

JAGGAER characterizes the steps in this process as Spend Management, Category Management, Sourcing , and Contracts. Secondly come eProcurement, Supply Chain Collaboration, Invoicing, and Payments. Digitalization also fosters greater agility in supplier management.

Supply Chain Efficiency 52

Supply Chain Efficiency Sourcing e2e Real-time Visibility 52

World of Procurement blog

MAY 8, 2024

What is Supply Chain Management (SCM) Supply Chain Management (SCM) is the management of the flow of goods, services, information and finances as they move from raw materials to final product, from manufacturer to consumer. Optimized supply chains lead to improved profit margins.

Agile and Lean Supply Chain 40

Agile and Lean Supply Chain Supply chain management Supply chain management Supply Chain Optimization 40

Finale Inventory

AUGUST 14, 2024

Hospital supply chain management plays a key role in the efficient operation of healthcare organizations. In an industry where patient care is paramount, having a well-managed supply chain is important for ensuring timely delivery of medical equipment, medications, and other necessary supplies.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply chain management Supply chain management Supply Chain Efficiency 52

NLPA (Next Level Purchasing Association)

DECEMBER 11, 2024

Whether its about navigating complex supplier relationships, managing costs, or preparing for unpredictable challenges, procurement leaders have shown that adaptability and innovation are key. Companies doubled down on sourcing responsibly, reducing waste, and ensuring their supply chains supported broader environmental goals.

Procurement strategies 52

Procurement strategies Agile and Lean Supply Chain Strategy Procurement 52

ivalua

MARCH 11, 2020

Ikea is a leader with plans to ensure a sustainable supply chain. And with consumers increasingly looking to brands to align with their own values, brand equity can be greatly increased by thoughtful spend management and supply chain policies. . This is a shame not just for the social benefit. Stay Flexible .

supply chain budgeting 130

supply chain budgeting Procurement Agile and Lean Supply Chain Supply Chain Efficiency 130

Jaggaer

FEBRUARY 18, 2020

The recent disruptions to supply chains caused by the coronavirus epidemic in China have given supply managers the world over pause for thought. Now more than ever, businesses must improve the efficiency of their supply chains not only to maintain a competitive advantage but also to reduce risk.

Suppliers 103

Suppliers Agile and Lean Supply Chain Supply Chain Efficiency Supplier relationship management 103

Empowering CPO

JUNE 30, 2023

Introduction In the dynamic world of business, the ability to effectively manage and optimize supply chains has emerged as a critical success factor. At the heart of this revolution lies a powerful tool that many companies are now leveraging to achieve competitive advantage: Managed Procurement Services.

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 52

Supply Chain Game Changer

AUGUST 5, 2021

Subscribe to Supply Chain Game Changer. What is Supplier Relationship Management (SRM)? The Supplier Management Secret Recipe article and permission to publish here provided by Sam Jenks. 5 tbs | Supplier Information Management — Database/Registry. Subscribe Here! Email Address.

Suppliers 98

Suppliers Management Supply Chain Efficiency Agile and Lean Supply Chain 98

Supply Chain Game Changer

FEBRUARY 11, 2021

Subscribe to Supply Chain Game Changer. Edward McGeachie has over 25 years Procurement and Supply chain experience at Schlumberger, IBM & Lenovo PC division. He has managed Global Procurement, operations, and logistics teams, before establishing a centre of excellence for Lenovo GSC supply chain analytics.

Supply Chain Efficiency 93

Supply Chain Efficiency Procurement Agile and Lean Supply Chain supply chain software solutions 93

Una

OCTOBER 25, 2022

In recent years, however, many teams have managed to successfully shake off this long-outdated reputation. Procurement professionals are now celebrated for their innovation, creativity, agility, and cost-saving initiatives. Reducing suppliers also helps mitigate risk throughout the supply chain.

Supply Chain Efficiency 105

Supply Chain Efficiency Procurement Purchase orders Real-time Visibility 105