ivalua

JULY 10, 2019

The new packages span the full source-to-pay process for all spend categories including direct materials, MRO, assets and tooling and indirect goods and services. Procurement leaders can improve efficiency, reduce costs, improve the employee experience and better collaborate with stakeholders to achieve strategic objectives.

supply chain budgeting 113

supply chain budgeting Bill of materials Agile and Lean Supply Chain Supply Chain Efficiency 113

ivalua

AUGUST 18, 2015

If you work in strategic sourcing and supplier management, supplier collaboration enables you to achieve (or beat!) the bill-of-materials target cost through the entire product lifecycle. The value created here is a higher return on innovation investments, product leadership in the market, and top-line revenue growth.

Collaboration 100

Collaboration Suppliers Bill of materials Supply Chain Efficiency 100

ivalua

MARCH 13, 2019

Source the right suppliers and set a good foundation from the first steps to build trust and foster innovation. For example, when launching a new product, bill of materials automation that shows the available suppliers for every component and allows you to engage with each is critical.

Supply Chain Efficiency 113

Supply Chain Efficiency Innovation Supply chain Bill of materials 113

Spend Matters

FEBRUARY 13, 2023

The company achieves this by using an advanced Al paired with real-world, in-the-moment perspectives from a proprietary network of partners that deliver insights down to the bill of material level.

Risk management 98

Risk management Supply Chain Optimization Risk Supply chain 98

ivalua

OCTOBER 15, 2015

The risk register is an active, fluid database that needs to be integrated into all supplier management and sourcing activities. Second, break your register into three classifications related to risks associated with your suppliers, bill of materials, and commodity.

Risk 100

Risk Bill of materials Supply Chain Efficiency Suppliers 100

Spend Matters

AUGUST 19, 2024

This Spend Matters Vendor Analysis gives an overview of True ValueHub, a costing solution built to enable companies to unlock incremental savings beyond what traditional methods and levers like e-sourcing, aggregation and low-cost country sourcing deliver.

Category management 117

Category management Buyers Influencing Sourcing 117

Spend Matters

OCTOBER 17, 2024

This is particularly true when it comes to competing with sourcing solutions, as ivofow is missing basic sourcing support.

Category management 113

Category management Sourcing Data Bill of materials 113

ivalua

MARCH 4, 2016

Recently I attended a conference for Strategic Sourcing in the medical device manufacturing sector. The latter is of particular importance since second sourcing can often be very expensive in this sector. About 60 Procurement Managers, Directors, and Executives attended from top medical device manufacturing companies.

supply chain software solutions 100

supply chain software solutions Supply Chain Efficiency Supply chain Bill of materials 100

ivalua

APRIL 11, 2019

He also outlined the road map for the next two years, and it’s clear Ivalua is seeking to be right up there at the leading edge of capability across the whole platform, from risk management to advanced sourcing options. The Future of Procurement” is not a wholly original title, but the next session from Natacha Tréhan was excellent.

Bill of materials 100

Bill of materials Raw materials Suppliers Procurement 100

The Network Effect

AUGUST 25, 2014

Or a personal health situation arises like a batch of peanut butter becoming contaminated with salmonella or children’s toys being contaminated with lead paint, where the regulators have difficulty identifying the source of the problem several tiers upstream in the supply chain.

Supply chain 81

Supply chain Networking Bill of materials Supply 81

Supply Chain Game Changer

APRIL 30, 2019

We were missing customer deliveries due to problems in getting the correct, and complete data, into the systems which enabled us to manage bills of material and manufacture products. The data was held centrally and was the single source of the truth. Shortly thereafter I started getting calls from the CEO.

Data 60

Data Bill of materials Management supply chain software solutions 60

Spend Matters

OCTOBER 26, 2023

akirolabs addresses this challenge by seamlessly integrating AI technology (pattern recognition, cross-customer comparison and continuous learning), fostering extended collaboration and leveraging diverse data sources. This strategic use of AI allows procurement teams to navigate new territories efficiently.

Category management 118

Category management Procurement team Collaboration Strategy 118

Spend Matters

OCTOBER 24, 2024

In addition, the data that is extracted can be used for multiple analysis and use cases covering new (NPI/NPD) parts and existing parts to identify opportunities and test various design and sourcing options. It can also help tremendously in value engineering and optimization.

Raw materials 111

Raw materials Category management Buyers Price 111

SCMDOJO

MARCH 19, 2024

This data can be used to identify areas for improvement and make informed decisions about sourcing, production, and distribution. Procurement Procurement involves sourcing and acquiring the materials or products needed for production. Materials Planner Forecasts material needs based on production plans and sales forecasts.

Supply Chain Optimization 98

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

Spend Matters

OCTOBER 17, 2024

At the heart of our software is the cost-saving toolbox; from dual sourcing and currency clawbacks to benchmarks and bid comparisons, our tool equips buyers with various methods to achieve savings proactively or retroactively. “Another strength is our responsiveness to market demands, most recently in sustainability reporting.

Buyers 110

Buyers Real-time Visibility Sustainability Data 110

Arkestro

JUNE 29, 2023

Finding basic building materials has become costly or nearly impossible, delaying construction projects. When you are working on major developments, high rises, multi-family, hotels and more – sourcing setbacks can be a frustrating experience. Now they are purchasing materials before they even launch construction projects.

Bill of materials 52

Bill of materials Bidding Price Procurement team 52

Supply Chain Game Changer

APRIL 21, 2020

dual sources, substitute parts and materials, alternative bills of material) can also lay the groundwork for integrated systems to make automated decisions on sourcing in the future. Strategic work on increasing redundancy in the Supply Chain (eg.

Agile and Lean Supply Chain 91

Agile and Lean Supply Chain supply chain budgeting supply chain software solutions Supply Chain Optimization 91

Supply Chain Game Changer

MARCH 24, 2020

A natural starting point is the level of single, or sole sourcing, that is put in place. A sole source is a supplier selected because they are uniquely able to provide the materials or components, whether by virtue of intellectual property or other means of going to market with exclusivity.

Agile and Lean Supply Chain 82

Agile and Lean Supply Chain Supply chain Supply Cost of ownership 82

Spend Matters

OCTOBER 24, 2024

Spend Matters honors a vast array of procurement solution providers each year by selecting them for our ‘50 to Know,’ ‘50 to Watch,’ ‘Future 5’ and ‘Hall of Fame’ celebration lists. Discover everything you need to know about these accolades here, including who is on them.

e2e 119

e2e Data interpretation Buyers Data 119

The Procuretech Podcast

JULY 8, 2020

They're a company who are facilitating easier access to supplier data to help buyers in their negotiation preparation, as well as more general risk management assessment activities related to sourcing and supplier management. 4:48 We go on to discuss how size of company may still impact overall perceived buying power.

Suppliers 40

Suppliers Bill of materials supply chain budgeting Negotiation 40

Spend Matters

JANUARY 10, 2024

In this Spend Matters Vendor Analysis, we provide an overview of Covalyze and its solution for cost analytics. Many category managers and buyers struggle with data transparency and aggregation.

Raw materials 103

Raw materials Category management Buyers Price 103

Arkestro

MAY 23, 2023

Even sustainability technologies are emerging to help construction companies invest in more renewable sources. By applying the power of behavioral science, game theory, and machine learning, Arkestro’s platform greatly reduces the pain points felt by supply chain issues, no matter your current sourcing strategy.

Procurement 52

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

Arkestro

OCTOBER 24, 2022

Cycle time per Purchase Order and/or Sourcing Event. Arkestro is engineered to amplify the impact of high-performing procurement teams by providing a 2–5x lift on speed and impact associated with everyday sourcing and purchasing cycles. Initially, the software was developed to reduce the burden of sourcing events.

Price 52

Price Suppliers Procurement team Supply Chain Efficiency 52

Supply Chain Game Changer

NOVEMBER 21, 2018

SIOP management requires a single source of data and reporting to ensure uniformity and consistency across your company. My experience includes running dozens of facilities around the world supporting dozens of customers with hundreds if not thousands of bills of material.

Sustainability 59

Sustainability Inventory Bill of materials Supply Chain Optimization 59

Procurement Software

OCTOBER 17, 2023

Procurement spend data is often unstructured, difficult to interpret and unreliable as a source of truth. Secondly, procurement data often comes from fragmented sources, and many more people have touch points into it within an organisation than is the case with customer data, for example.

Data 59

Data Procurement supply chain budgeting supply chain software solutions 59

Procurement Software

MARCH 5, 2024

At its heart is a source-to-pay suite offering a range of functionality, with a complete suite of cloud-based modules. It helps clients conduct supply chain due diligence and meet emerging compliance obligations related to modern slavery, climate change, and sustainable sourcing. The platform assists you in finding available parts.

Real-time Visibility 52

Real-time Visibility supply chain software solutions Procurement Supply Chain Efficiency 52

Supply Chain Action Blog

FEBRUARY 25, 2021

Purchasing or sourcing professionals, whose mission is to make sure that the purchase price is minimized, support the planning function, but purchase orders are issued by buyer/planners. Manufacturing and distribution operations would be paralyzed and servicing customers effectively would be precluded by such a bureaucratic approach.

Raw materials 52

Raw materials Inventory Supply Chain Optimization Bill of materials 52

Pipefy

JUNE 12, 2024

When businesses have quality standards to meet, the SOP is their governing source. When multiple people use the same checklist as a source of truth, work becomes standardized and, therefore, consistent. Documentation is the source of truth for everyone (or machine, if the process is automated) carrying out that process to follow.

e2e 52

e2e Bill of materials Sourcing Innovation 52

Supply Chain Game Changer

NOVEMBER 19, 2018

Some parts were manufactured internally and most others were sourced around the world. MRP software wasn’t as well developed then as it is today, and the best we could do was find something that would let us create and manage multi-level indented bills-of-material and kitting work orders. Trade customs were different then too.

Leadership 42

Leadership supply chain software solutions Bill of materials Real-time Visibility 42

Procurement Software

JULY 9, 2024

Standardised procurement software suites often cater to source-to-pay (S2P) and source-to-contract (S2C) functions with a strong bias towards use cases in indirect procurement. Only tools for sourcing and managing contracts for complex indirect services will need more risk management focus.

Raw materials 40

Raw materials supply chain software solutions Procurement Supply Chain Efficiency 40

Jaggaer

JUNE 18, 2019

They indicated, “While most sourcing organizations deliver in six- to seven-times their costs; top core tile companies typically deliver about 10.4 Even though you have technology, it’s important to note that you must also fundamentally rethink the methodology you use in sourcing. their costs.” Biogen is at 13.7.

Data 40

Data Chief Procurement Officer Bidding Procurement 40

Supply Chain Brain

JULY 16, 2018

For example, designers can create a 3-D model that shows every element of an aircraft engine, allowing manufacturers to make any necessary adjustments while delivering an authorized and comprehensive bill of materials.

Supply Chain Efficiency 40

Supply Chain Efficiency supply chain software solutions Bill of materials Supply Chain Optimization 40

Procurement Software

MARCH 11, 2022

POs for Materials. Raw materials and components parts used in manufacturing are usually inventoried and listed according to a bill of material (BoM). Before we tackle what these are and why they’re bad, let’s quickly look at the 3 main types of purchase order your organisation typically has.

Risk 52

Risk Purchase orders Spend management Purchasing 52

Procurement Software

MARCH 11, 2022

POs for Materials. Raw materials and components parts used in manufacturing are usually inventoried and listed according to a bill of material (BoM). Before we tackle what these are and why they’re bad, let’s quickly look at the 3 main types of purchase order your organisation typically has.

Risk 52

Risk Purchase orders Spend management Purchasing 52

Supply Chain Trend

NOVEMBER 27, 2016

You have to get the numbers right and you have to translate the S&OP lead-time, inventory, planning bill of materials design implications and sourcing to dozens of different languages used in the roles / departments of a company. Figure 5: User Interface Simulation Examples.

supply chain software solutions 100

supply chain software solutions supply chain budgeting Supply Chain Optimization Leadership 100

EazyStock

JANUARY 6, 2023

If you’re buying raw materials or components, review your bill of materials to see if it’s possible to substitute materials or items for cheaper options or source from alternative suppliers. Review your stock levels to identify SKUs where you could reduce order levels since you know demand will fall.

supply chain software solutions 52

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

EazyStock

JANUARY 6, 2023

If you’re buying raw materials or components, review your bill of materials to see if it’s possible to substitute materials or items for cheaper options or source from alternative suppliers. Review your stock levels to identify SKUs where you could reduce order levels since you know demand will fall.

supply chain software solutions 52

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