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Ivalua study finds 97% of procurement leaders see significant disruption in direct materials supplychain; 67% not confident in existing technology; 84% consider modernization a ‘strategic priority’. Nearly all executives surveyed (97%) point to significant disruption today in their direct materials supplychain.
Mastering these skills not only optimizes procurement processes but also positions managers as strategic business partners. Audit SupplyChains: Identify and address environmental and social risks in the supplychain. SAP, Oracle) Procurement software (e.g., Coupa, Ariba) Data analytics tools (e.g.,
Operational: The time saved and operational excellence improved by automation of tasks, improved data analytics and process optimization (> OPEX reduction/optimization) is greater than 20%-50% of total FTE. Customer requirements on more sustainable products/services, and/or requests for supplychain transparency/due diligence.
ERP vs. Best-in-Class for Healthcare SupplyChainManagement? Are ERP systems better than best-in-class supplychain solutions for managing healthcare supplychains? That’s the question we set out to answer in our recent panel discussion with Procurement and SupplyChain experts.
People: Engaging Stakeholders and Nurturing Change Engaging stakeholders early in the implementation process is crucial for gaining their support and supporting the changemanagement process. Everyone is a contributor to changemanagement A successful implementation engages everyone in the changemanagement effort.
Subscribe to SupplyChain Game Changer. But even the best leaders know that any goal that they are trying to achieve will inevitably mean some level of change. They need ChangeManagement. This all requires ChangeManagement, or as we prefer to say, Change Leadership. Subscribe Here!
How can you ensure that your supplychain team are consistently up-to-speed with the modern supplychain landscape? A well-defined supplychain competency framework can be extremely useful. It typically covers key supplychain areas including procurement , logistics, demand forecasting , and much more.
If you want to gain more supplychain analytics knowledge, you’re in the right place. We’ve compiled a list of 10 great supplychain analytics books to help you better understand the concepts and strategies behind this vital business field.
Changemanagement isnt a sidekick in this story; its the star of the show. Driving change with effective changemanagement strategies You dont need a digital strategy. George Westerman in MIT Sloan Management Review In order to succeed, proper planning is required. Lets explore these aspects.
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 supplychainmanagement. Reminder of Key Definitions – Logistics & SupplyChainManagement. Rider (1970)).
The past few years have highlighted serious deficiencies in prevalent supplychain strategies and the major risk that disruptions pose to corporate success. years and companies can expect to lose 42% of one year’s EBITDA every decade due to supplychain disruptions. Assessing Risk across the SupplyChain.
In this blog, explore vital tips paving the way for a prosperous career in supplychainmanagement. Whether you’re a recent graduate or contemplating a career change, uncover key insights for establishing the groundwork of a thriving career in the dynamic world of supplychain. Lucky for you.
Coupa, Jaggaer, Ariba) is a critical factor in procurement success or failure, given their overlapping goalsstreamlining processes, integrating data, and optimizing spend. As of March 3, 2025, the interplay between ERPs (e.g., SAP, Oracle, Microsoft Dynamics) and procuretech solutions (e.g.,
But in case you haven’t come across it yet, let us briefly touch on what it is and its concept regarding supplychainmanagement and what Transactional Process Improvement Kaizen really is. It comprises the Japanese words Kai which refers to “change”, and Zen which means “for the better”.
Today Tom Burke, Portfolio Product Manager at CargoWise Landside, joins me to talk all about how drayage rating and quoting best practices can improve supplychainmanagement, visibility, and logistics execution. Together, theyre the foundation of todays drayage and quoting practices.
Subscribe to SupplyChain Game Changer. For many people who work in SupplyChainManagement, or for those on the outside, it functions on the foundation of processes, formulae, and metrics. This is very much the core of SupplyChain education and certification as well. Subscribe Here! Email Address.
Knowing how to manifest these improvements is not always clear: Enter generative AI and the content supplychain. Get the study: The Revolutionary Content SupplyChain A content supplychain brings together people, processes, and technology to effectively plan, create, produce, launch, measure, and manage content.
Subscribe to SupplyChain Game Changer. What is SupplyChainManagement (SCM)? When I started my career the term “SupplyChain” had just been coined. Now as I look back on my career virtually everything I did falls under the banner of SupplyChainmanagement.
MUSING #1 In the age of information, it’s surprising that supplychain digital transformation isn’t as readily available as one would expect. Are you optimizing your negotiations amidst all of the chaos? So, I put the following search term into Google, “optimizing your negotiations amidst all of the chaos?
It leverages advanced technologies to optimize and automate procurement cycles and predict more favorable outcomes. Arkestro allows them to quickly adapt to changing market conditions and component availability and focus on quality and innovation within their complex manufacturing processes.
KKR’s expertise in procurement stems from its strategic focus on improving operational efficiencies across its portfolio companies, which often involves optimizingsupplychains, leveraging technology, and implementing cost-saving measures. How successful are KKR ProcureTech companies when it comes to solution implementations?
Try this as a tongue twister: “Tripping through tantalizing TikTokers, tenfold to transform your tangled supplychain!” In our digital age, where viral trends dominate, TikTok’s influence now extends to supplychainmanagement. Discover the Top 10 TikTokers reshaping how you view supplychains.
This focus and track record however, was in some ways at the expense of fully optimizing and maximizing procurements total strategic value to the enterprise as a whole. This meant that implementing one of the full end-to-end spend management suites was not feasible from a cost and changemanagement perspective.
American Shipper’s 2016 benchmark study on visibility emphasized the growing expectation among markets regarding the ability to determine where products are within the supplychain in real time. Are you making optimal use of them? Does your current TMS offer any or all these visibility boosting features?
The pandemic was a wake-up call for businesses worldwide, who struggled to overcome operational disruption — everything from the transition to remote working, to supplychain chaos. MENA countries import a lot of food; disrupted supplychains and price increases mean potential food shortages. Enter eProcurement.
Today I’m joined by Osa Commerce , an innovative software provider that is on a mission to tackle data chaos in the supplychain. Throughout my career, I have successfully led GTM strategies, built strong brands, and managed high-growth teams. The customer is demanding much more, they want everything fast!…
GAINS is the supplychain performance optimization company. So, with GAINS, supplychain teams can make all the right decisions at speed and scale to right-size inventory, strengthen performance, and fulfill customer promises. 07.42] The evolution of data-driven thinking, as technology and mindsets have changed.
As you read the title of today’s post, you may wonder what maverick spend, vendor rationalization and changemanagement have to do with user adoption and AI Chatbots. The simple answer is the end of maverick spend , vendor rationalization , and changemanagement. Back To Square One?
Complete Source to Pay cycle and Strategic Sourcing Guide An optimized Source-to-Pay (S2P) process helps businesses enhance procurement efficiency, reduce costs, and improve supplier collaboration. Key elements include total cost of ownership (TCO) analysis, supplier relationship management, and category management.
To ensure the introduction of new technology and processes can be successful, changemanagement is crucial. Changemanagement relies heavily on securing the buy-in of the people and teams directly and indirectly impacted by the introduction of new technologies.
Bashar El-Jawahari, PwC’s Middle East Procurement and SupplyChain Leader, explored the findings unique to the region. Whereas prior to March 2020, digital transformation was the top priority, today risk management has replaced it, as organizations struggle to keep supplychains operational.
Users of TMS and optimizer solutions always know where (and when) their freight is coming and going. This quote could just as perfectly be applied to the process of implementation of any new software like TMS, YMS, fleet management or optimizer tools. In practice there is.” You can observe a lot by watching.”
Strong negotiation can lead to cost savings, more advantageous counteract terms, and overall a much more optimized procurement chain. It also allows you to develop stronger relationships with your suppliers, allowing your supplychain to become more resilient and perhaps even unlocking some cost efficiencies through your suppliers.
McKinsey focuses on AI’s role in creating more resilient and efficient supplychains. They advocate for leveraging AI to address risks, optimize costs, and enhance supplier management, positioning AI as critical for staying competitive in a fast-evolving global market.
Finance departments focus on spend visibility, payment optimization and cost control. What successful stakeholder management looks like Managingchange and overcoming resistance While stakeholder engagement reduces resistance, procurement leaders must still navigate organizational change carefully.
Subscribe to SupplyChain Game Changer. The SupplyChain Detective – Our First 10 Cases! This was another case for The SupplyChain Detective ! The result was that none of those processes were optimized across the entire company. While all of those processes worked, they were not optimized.
Subscribe to SupplyChain Game Changer. “We just spent several millions of dollars on a new Warehouse Management System for our E-Commerce Online Distribution Centre. We do not need to spend any more money on our SupplyChain.” At a minimize we needed to optimize storage. This had to change! .
The chains of habit are too weak to be felt until they are too strong to be broken.” – Samuel Johnson. It’s 1934 and in a dark, dingy basement on the lower east side of New York, a fundamental principle of changemanagement would emerge, from the unlikeliest of sources. There is no need to optimize – just go with the flow!
By mid-April, the shipping traffic jam, part of a broader gridlock in supplychains around the world amid disruptions from the coronavirus pandemic, started thinning while record cargo volumes were reported in the U.S. SupplyChain KPI Dashboard.
“We just spent several millions of dollars on a new Warehouse Management System for our E-Commerce Online Distribution Centre. We do not need to spend any more money on our SupplyChain.” The company had just invested in an expensive Warehouse Management System. ” That sounded very intriguing.
The Future of Supplier Collaboration is Now: AI is Optimizing Supplier Relationships Artificial Intelligence plays a powerful role in effective supplier collaboration. It provides valuable insights, improves supplier management, and facilitates stronger and more profitable supplier relationships.
Example: A company wants to deploy an AI-driven supplier risk assessment tool , but procurement teams still manage supplier relationships via email and Excel , preventing seamless integration. Lesson: AI cant optimize outdated, inefficient workflows. Solution: Invest in changemanagement, training, and procurement AI education.
Contract Logistics is a critical aspect of the supplychain that often remains behind the scenes but plays a significant role in ensuring the efficient movement and management of goods. Key Players In the world of contract logistics, several key players collaborate to ensure the smooth functioning of the supplychain.
To get some answers for S&OP practitioners, Niels van Hove founder of SupplyChain Trend, interviewed a group of S&OP leaders. For the next 6 weeks SupplyChain Trend will publish a weekly Q&A with these S&OP leaders. SupplyChain Trend: Can you describe your first involvement in S&OP?
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