Let's Talk Supply Chain

OCTOBER 30, 2023

Today I’m joined by forward-thinking tech company Beacon Technologies – a brand that says, when it comes to supply chain, they believe in power to the people! Beacon’s supply chain visibility platform is a central hub for real-time ocean and air freight tracking, supply chain performance analytics and carbon emissions reporting.

Real-time Visibility 52

Real-time Visibility Supply Chain Visibility supply chain software solutions supply chain budgeting 52

ivalua

FEBRUARY 8, 2023

Below, we list 8 steps that manufacturers can take to build a more resilient supply chain in a post-covid world. Work to achieve 100% supply chain visibility. Why is visibility so important? Flexibility: Another way to reduce risk is to build flexibility into your supply contracts.

Supply chain resilience 242

Supply chain resilience Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 242

ivalua

JULY 22, 2015

Supplier collaboration goes well beyond the sharing of product design documents, extending into initiatives involving product innovation, supply chain visibility, compliance, target cost programs, demand and capacity planning, and risk management. This means becoming proficient in the practice of collaboration.

Strategic sourcing 147

Strategic sourcing Strategic sourcing Sourcing Supplier consolidation 147

Procurement Tactics

MAY 16, 2023

Developing strategy Once you are done assessing the supply chain and logistics of an organization, the 4PL provider will develop a logistics strategy that optimizes the supply chain, reduces costs, and enhances efficiency. Difference Between 3PL and 4PL 3PL 3PL providers usually own transportation and warehousing assets.

Logistics 211

Logistics supply chain budgeting Supply Chain Optimization Supply Chain Efficiency 211

ivalua

FEBRUARY 25, 2021

Additionally, a purpose-built solution will enable you to measure and monitor buyer adherence to compliance purchasing, ensuring your team is taking advantage of preferred items and reaping the rewards of the contracts you have in place. It seems that the era of best-in-class supply chain solutions has arrived.

supply chain budgeting 221

supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 221

ivalua

JUNE 16, 2021

For the short-term, a shift to local production alleviated reliance on Asian suppliers and helped mitigate risk, but a longer-term solution will require identifying opportunities to optimize costs, find alternative suppliers and enhance supply chain visibility. Enter eProcurement.

Eprocurement 130

Eprocurement Supply Chain Optimization Agile and Lean Supply Chain Procurement team 130

Spend Matters

SEPTEMBER 1, 2022

Supply Chain Risk. Contract Risk Management. Over the coming weeks, our risk series will cover vendors within the following risk categories: Financial Risk & Supplier Risk. Supplier Management Non-Suites. Supplier Management Suites. Compliance/CSR Risk. Fraud Prevention & Services Procurement Risk.

Risk 74

Risk Suppliers Supply Chain Visibility Risk management 74

Procurement Leaders

JUNE 13, 2022

was set up by the UK Government to design and construct the railway and is responsible for procuring and coordinating a supply chain of designers and contractors to deliver billions of pounds worth of contracts. As a public funded project, supply chain transparency is critical. Develop the supply chain.

Supply Chain Efficiency 130

Supply Chain Efficiency Supply chain Contract Supply 130

Supply Chain Game Changer

OCTOBER 14, 2021

While 2022 might bring some relief from constant record-setting spot prices, supply chain executives need to brace for continued high costs in an inflationary period. Cost-saving initiatives will become paramount, such as investments in TMS platforms, contract negotiation, and strategic load and route planning.

Supply Chain Efficiency 76

Supply Chain Efficiency Supply chain Real-time Visibility Supply 76

The Network Effect

SEPTEMBER 26, 2014

Looking ahead, it is clear that competition will drive the formation of value added networks as well as supply chains differentiated by product and region.

Supply chain 67

Supply chain Supply Chain Visibility Networking Supply 67

Spend Matters

OCTOBER 31, 2024

Primarily, our customers are prioritising supply chain visibility, adopting proactive risk management strategies and staying compliant with evolving regulations. Platforms primarily support risk assessments and due diligence during onboarding but lack an ongoing risk assessment or continuous oversight post-contract.

Risk management 90

Risk management Risk Management Real-time Visibility 90

ivalua

JANUARY 31, 2022

How can we mitigate technical, logistical, weather-related, and demand-driven supply chain disruptions? Organizations must shift focus toward strengthening their procurement processes and procedures to gain 100% supply chain visibility. Digital Transformation is the Top CPO Priority.

Procurement 130

Procurement supply chain budgeting Agile and Lean Supply Chain supply chain software solutions 130

Una

OCTOBER 17, 2023

Frank is the Director of Market Strategy at Cleo, where he is focused on helping companies get ahead and stay ahead despite persistent supply chain complexity. These group purchasing organizations often have contracts with a wide range of suppliers, and they offer their member businesses access to these contracts at discounted rates.

supply chain budgeting 81

supply chain budgeting Real-time Visibility Supply Chain Efficiency Supply chain 81

ivalua

JANUARY 24, 2022

Dramatic supply and demand shifts during the pandemic prioritized the need for data accuracy to solve short and long term supply chain challenges. Data builds the bridge between your own internal supply chain visibility and the information you provide to your stakeholders.

Data 130

Data Real-time Visibility Procurement Supply Chain Efficiency 130

World of Procurement blog

APRIL 23, 2024

This guide delves into the essentials of procurement within the construction sector, discussing various strategies, potential obstacles, supply chain structures, contract types, and managerial aspects necessary for efficient and effective procurement. Common Contract Types: Lump Sum Contracts: Set fee for all work completed.

Supply Chain Efficiency 52

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

World of Procurement blog

APRIL 23, 2024

This guide delves into the essentials of procurement within the construction sector, discussing various strategies, potential obstacles, supply chain structures, contract types, and managerial aspects necessary for efficient and effective procurement. Common Contract Types: Lump Sum Contracts: Set fee for all work completed.

Supply Chain Efficiency 52

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

Barkers Procurement

DECEMBER 16, 2024

2) Prioritise visibility At the heart of managing demand is supply chain visibility. The function must have a clear view of the supply chain through accessible, accurate and reliable supplier data. Without this visibility, its impossible to maintain the resilience and agility needed to handle demand spikes.

Procurement team 52

Procurement team Procurement Agile and Lean Supply Chain Demand 52

Jaggaer

OCTOBER 3, 2024

Cash flow is a further driver of cost, so it is worth analyzing contracts to achieve payment term optimization. Procurement and Legal departments must have solutions in place to monitor obligations and performance against contracts, ensuring that negotiated savings are realized and non-compliance is actively managed.

Supply Chain Optimization 52

Supply Chain Optimization Agile and Lean Supply Chain Supply Chain Efficiency Contract 52

Skill Dynamics

OCTOBER 19, 2023

Contract negotiators, on the other hand, have a focus on drafting, reviewing, and negotiating contracts. Their main objective is to ensure that supplier contracts align with the business’s objectives and protect its interests at all times. For instance – improved communication skills or legal contract knowledge.

Supply Chain Optimization 52

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

Zycus Cognitive Procurement

FEBRUARY 14, 2022

Robust and dependable data can help provide better supply chain visibility and help leaders identify potential weak links. Work with your supplier to create a well-documented contract that meets all parties’ needs and clearly lays down the terms of the relationship. Make a Solid Relationship Agreement.

Suppliers 52

Suppliers Supply Chain Efficiency Supplier relationship management Vendor relationships 52

Supply Chain Game Changer

OCTOBER 28, 2021

Lieferkettengesetz, and others) encouraging large/enterprise businesses to take responsibility for the entirety of their global supplier networks, increase tier-n compliance and combat poor supply chain visibility. As covered above, change can be difficult. Doing things differently can be uncomfortable.

supply chain budgeting 89

supply chain budgeting Procurement Supply Chain Efficiency e2e 89

Arkestro

DECEMBER 12, 2022

It’s vital that supplies are predictable, so you can get the products and services you need. To address supplier challenges, you must ensure your preferred providers can meet your changing needs and that you have a diverse supply base. Supply Chain Visibility. Supply chain visibility is another critical issue.

Real-time Visibility 52

Real-time Visibility Procurement e2e Raw materials 52

SCMDOJO

APRIL 29, 2024

Sourcing: Sourcing is all about finding reliable suppliers, negotiating contracts, and managing relationships. This involves supplier selection, negotiation, and contract management to ensure timely and cost-effective procurement. It encompasses activities such as procurement, supplier selection, and evaluation.

Supply chain management 95

Supply chain management Supply chain management Agile and Lean Supply Chain supply chain budgeting 95

Jaggaer

OCTOBER 24, 2024

In the absence of communication, even the best suppliers can only deliver marginal value at best. For optimal effectiveness, supplier selection, contract management , and supplier development must be supported by consistent, streamlined, and transparent collaboration. Collaboration brings visibility and agility for gaining market share.

Collaboration 52

Collaboration Supply Chain Efficiency Suppliers Real-time Visibility 52

The Good Spending

JUNE 15, 2022

T hese routine activities leverage integrated automated systems, enabling supply chain visibility. My Udemy course "Foundations of Contracts and Outsourcing." It presents industrial buying not as a single event but as an organizational decision-making process where multiple individuals decide on a purchase.

supply chain budgeting 52

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

Supply Chain Game Changer

DECEMBER 4, 2019

We have beefed up supply chain visibility, enabling faster movement of goods and superior customer management. You may already have contracted rates. We give shippers the means to quickly double-check rates against existing contracts and to obtain spot quotes with a single on-screen view. Rates fluctuate wildly.

supply chain software solutions 53

supply chain software solutions Innovation Management Real-time Visibility 53

Procurement Software

MAY 9, 2022

Parallel to this, they offer the ability to streamline supplier governance and due diligence activities to cover increasing demands on compliance and supply chain visibility. Studied cases at Kodiak Hub show between 1–3 % loss of brand exposure resulting from a non-compliant supply chain.

Supplier relationship management 52

Supplier relationship management supply chain software solutions Suppliers Management 52

Procurement Software

MAY 9, 2022

Parallel to this, they offer the ability to streamline supplier governance and due diligence activities to cover increasing demands on compliance and supply chain visibility. Studied cases at Kodiak Hub show between 1–3 % loss of brand exposure resulting from a non-compliant supply chain.

Supplier relationship management 52

Supplier relationship management supply chain software solutions Suppliers Management 52

TYA Suite

SEPTEMBER 25, 2024

These risks might include supplier failures, price fluctuations, contract disputes, or regulatory changes. By implementing robust procurement risk management strategies, organizations can minimize disruptions, secure favorable terms, and maintain supply chain stability.

Risk 40

Risk Strategy Procurement Supply Chain Efficiency 40

SCMDOJO

JUNE 14, 2023

It also helps Nike to improve its supply chain visibility and agility and reduce its environmental impact. Walmart outsources its logistics services to various 3PLs, such as Schneider Logistics, FedEx Supply Chain, etc. Walmart is one of the world’s largest retailers, with thousands of stores and customers.

Supply Chain Efficiency 93

Supply Chain Efficiency Real-time Visibility Supply Chain Optimization Logistics 93

Supply Chain Opz

JULY 7, 2014

3) Contract Manufacturing Walmart is best known for EDLP (Everyday Lowest Price) strategy. For some agricultural products, they implement a system called “global direct farm” or a contract farming (manufacturing). Under this program, they source products directly from small or medium-sized farmers.

Supply chain 49

Supply chain Raw materials Supply Supply chain management 49

Supply Chain Game Changer

NOVEMBER 26, 2018

Supply chain visibility is also incredibly important these days. If you are managing, or hope to manage, a reasonably effective supply chain you need to know when goods are coming in to your company, moving through your company, and leaving your company. End-To-End Supply Chain Visibility.

Strategy 68

Strategy Management Real-time Visibility e2e 68

Claritum

MAY 11, 2018

Do you have visibility of a global supply chain? If your organisation struggles with supply chain visibility you are not alone, according to Deloitte’s survey of Chief Procurement Officers, 65% of CPO’s have limited or no visibility beyond their Tier 1 suppliers. Supply chain visibility is poor. %.

Global sourcing 32

Global sourcing Sourcing Chief Procurement Officer Real-time Visibility 32

SCMDOJO

AUGUST 16, 2023

Furthermore, the adoption of cross-docking logistics techniques has enabled Walmart to minimize the need for intermediate storage, leading to reduced handling costs and faster product movement through the supply chain.

Supply Chain Efficiency 90

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization Supply chain 90

Procurement Software

MARCH 7, 2023

Contracts are usually not covered by S2P technology platforms. We’ll cover what’s the difference between S2P and S2C (Source-to-Contract) in an upcoming article. End-to-end supply chain visibility ensures more synergy in cooperation. What is the difference P2P and S2P? What steps are involved in Source-to-Pay?

Sourcing 64

Sourcing supply chain software solutions Procurement Agile and Lean Supply Chain 64

Procurement Insights

AUGUST 30, 2023

In this test case, the public sector organization realized a year-over-year 23% cost of goods savings for seven consecutive years while simultaneously reducing the number of buyers required to manage the contract to 3 from an original 23. Delivery performance and product quality also improved dramatically.”

Real-time Visibility 52

Real-time Visibility Procurement supply chain software solutions Buyers 52

FourKites

DECEMBER 11, 2020

This is your major human resource cost category, and includes salaries paid out to employees, benefit and severance packages, wages for hourly or contract workers, as well as any administrative tools, software or expenses associated with managing your inventory. Multiply this quotient by 100. This is your total inventory carrying cost.

Inventory 52

Inventory Real-time Visibility supply chain budgeting Agile and Lean Supply Chain 52