Remove Business strategy Remove Demand Planning Remove Procurement
article thumbnail

What About Procurement Objectives?

Procurement Templates

It’s been a very long time since I’ve had to consider about procurement objectives. Here are some typical procurement objectives that every procurement professional should consider. Consider which projects or contracts require a plan B. Savings can be cashable or non cashable i.e. cost avoidance.

article thumbnail

This is NOT thought leadership, it’s practical talk about Supplier Value Management

ivalua

It’s true that the mental models and naming conventions we have been using to define procurement processes and categorize solutions are limited in definition, business process coverage, and scope. Let’s get busy working on Supplier Value Management. Perhaps it is time for a more comprehensive description.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

This is NOT Thought Leadership, it’s Practical Talk About Supplier Value Management

ivalua

It’s true that the mental models and naming conventions we have been using to define procurement processes and categorize solutions are limited in definition, business process coverage, and scope. Let’s get busy working on Supplier Value Management. Perhaps it is time for a more comprehensive description.

article thumbnail

Why is Supply Chain Such a Great Career Path?

Supply Chain Game Changer

SCM encompasses the integrated planning and execution of processes required to optimize the flow of materials, information and financial capital in the areas that broadly include demand planning, sourcing, production, inventory management and storage, transportation — or logistics — and return for excess or defective products.

article thumbnail

Business Success with Sales & Operations Planning (S&OP)

NLPA (Next Level Purchasing Association)

The executive component of S&OP is the eS&OP, where top management, middle managers, and specialists meet to balance supply and demand, align operational and financial planning, connect strategic planning with day-to-day sales and operations, and establish policy, strategy, risk, and budget changes via a disciplined discussion.

article thumbnail

What Exactly Is Supply Chain Management? 10 Different Definitions!

Supply Chain Game Changer

Yet all of the functions that we now associate with Supply Chain have been around for a very long time: Planning, Inventory Management, Logistics, Procurement and Purchasing, Warehousing and many more. Both business strategy and specialized software are used in these endeavors to create a competitive advantage.

article thumbnail

Beginners Guide to Supply Chain Management

World of Procurement blog

Supply Chain Lifecycle The supply chain lifecycle consists of several key phases: Planning : This involves the demand planning, supply planning, and overall business strategy. Manufacturers play a crucial role by creating the physical products that are eventually sold to the consumer.