Spend Matters

JANUARY 29, 2024

In no order of preference, today let’s hear from Justin Dillon, CEO of supply chain risk management solution provider, FRDM , one of Spend Matters 50 Procurement Providers to Watch. For over ten years countries have quietly passed supply chain regulations prohibiting forced and child labor.

Procurement solutions 111

Procurement solutions Supply Chain Efficiency Procurement Supply chain 111

Spend Matters

OCTOBER 3, 2024

The appetite for third-party risk management (TPRM) within procurement and the supply chain is keener than ever before — risks are more numerous and complex in what is an increasingly fast-paced and global business environment. Read our analysis: Risk is complex — The different types and sources of risk.)

Risk 111

Risk Risk management Supply Chain Efficiency supply chain software solutions 111

Supply Chain Game Changer

JUNE 16, 2020

Subscribe to Supply Chain Game Changer. Is Your Supply Chain Ready To Recover? These world class performers have astonishing talent but they are also working in an environment designed to eliminate risk and maximize safety. While most jobs are not life threatening the level of risk is still prevalent.

Risk management 57

Risk management Supply Chain Efficiency Supply chain Risk 57

Spend Matters

FEBRUARY 5, 2025

Lets start with a few definitions. The case for procurements digital transformation As mentioned, the relationship between digital enablement and procurement performance (efficiency, effectiveness, innovation) is clear. Digital transformation: What does it even mean?

Procurement 112

Procurement Change management Strategy supply chain budgeting 112

Empowering CPO

MAY 8, 2023

Importance of Risk Management in Procurement Procurement plays a critical role in the success of any organization, as it involves acquiring goods and services necessary for business operations. Finally, we will provide practical tips for incorporating risk management best practices into your organization’s procurement process.

Risk management 52

Risk management Risk Procurement strategies Strategy 52

SCMDOJO

APRIL 26, 2023

Now let us provide you with an apt Category Management definition. Category management is a strategic approach to procurement, as defined by the Chartered Institute of Procurement and Supply (CIPS). Use appropriate technology to manage the categories.

Category management 108

Category management Management Supplier relationship management supply chain software solutions 108

IBM Supply Chain Blog

DECEMBER 4, 2023

By implementing Oracle , one of the world’s leading enterprise resource planning (ERP) tools, organizations can transform their business processes and significantly increase operational efficiency. Companies large and small are increasingly digitizing and managing vast troves of data.

Supply Chain Efficiency 71

Supply Chain Efficiency supply chain budgeting supply chain software solutions Data 71

Supply Chain Game Changer

MAY 27, 2020

Subscribe to Supply Chain Game Changer. 10 Vital Supply Chain Lessons from the Coronavirus Pandemic! For supply chain professionals, supply chains and our underlying assumptions will certainly need to adapt. Supply Chains do not move easily, and transitions are not inexpensive.

Supply Chain Efficiency 132

Supply Chain Efficiency Supply chain Suppliers Strategy 132

Finale Inventory

JULY 22, 2024

This article covers MTS’s definition, key terms, practical insights, its role in ecommerce, the implementation process, and its advantages and drawbacks. Key Terms and Definitions in MTS Understanding some key terms related to MTS helps in grasping the concept: Lead Time: The period from order placement to delivery.

Inventory 52

Inventory Raw materials Order Fulfillment Supply Chain Efficiency 52

Supply Chain Game Changer

FEBRUARY 4, 2020

Subscribe to Supply Chain Game Changer. Quantum Leap to the Top 10 Supply Chain Skills of the Future! The phrase “Supply Chain Management” was originally coined by Keith Oliver in 1982 and subsequently gained increasing popularity as its usage was proliferated in books and language.

supply chain budgeting 67

supply chain budgeting supply chain software solutions Supply Chain Efficiency Supply chain 67

Una

JULY 13, 2023

The Definition of a Sourcing Hero Past guests from The Sourcing Hero podcast provide the definition of a sourcing hero and give examples of heroism in a business context. The definition of a sourcing hero At the close of every episode, it has become a tradition of sorts for Kelly to ask each guest a question.

Sourcing 52

Sourcing Agile and Lean Supply Chain Supply Chain Efficiency Procurement 52

Zycus Cognitive Procurement

MAY 31, 2022

Broken supply chains, unavailability of heavy goods vehicle (HGV) drivers and production stoppages had a negative impact. It made several manufacturers realize the need to focus on Risk Mitigation strategies to re-imagine their supply chains. Supply Chain Risk Assessment – Ground Reality.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Risk Supply chain 52

Procurement Heads

SEPTEMBER 6, 2023

The University of Bath was – and I think still is – a real centre of excellence for Procurement and Supply Chain. That’s something that has definitely stayed with me. You’re a strong proponent of diverse and sustainable supply chains. Could you tell us a bit about your career journey so far?

Agile and Lean Supply Chain 130

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

Supply Chain Game Changer

MARCH 2, 2021

Subscribe to Supply Chain Game Changer. Preparing Business for the Digital Supply Chain! If 2020 taught us anything, it’s that the importance of supply chain management cannot be understated. Here’s what Mike had to say about the present and future of supply chain in a recent interview.

Supply Chain Efficiency 59

Supply Chain Efficiency Supply chain Supply chain management Supply chain management 59

SCMDOJO

JULY 24, 2023

Contract Logistics is a critical aspect of the supply chain 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 supply chain.

Contract 98

Contract Logistics Supply Chain Efficiency Supply Chain Optimization 98

Supply Chain Game Changer

APRIL 15, 2020

Subscribe to Supply Chain Game Changer. The Digital Supply Chain Road is Full of Potholes, Construction and Accidents! Be transparent and put your challenges in front of innovative solution providers after you’ve qualified their ability to deliver value. Subscribe Here! Email Address. Don’t Panic! Publications.

Procurement 90

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

SupplyShift

FEBRUARY 24, 2023

Why is CSRD a big deal for supply chain sustainability? It broadens who must report, standardizes what they report, and expands the scope of reporting to include the full value chain. Key innovations of CSRD Value chain is at the core. Clear definitions.

Supply Chain Efficiency 52

Supply Chain Efficiency Sustainability Supply chain Supply 52

Procurement Templates

NOVEMBER 11, 2022

Contracting authorities can therefore request certification/labels or other equivalent evidence of ‘additionality’ benefits through the procurement process, provided always that these are linked to the subject matter of the contract and that this is done in a transparent, non-discriminatory and proportionate way. Where appropriate (e.g.

Procurement 130

Procurement Contract Supply Chain Efficiency Bidding 130

Procurement Leaders

JUNE 1, 2022

With up and downstream emissions accounting for 57% of the average company’s environmental impact, according to Procurement Leaders research, improving supply chain sustainability is becoming an ever-greater priority for business leaders. Decarbonising the supply chain. Training suppliers. Green materials.

Strategy 130

Strategy Sustainability Supply Chain Efficiency Suppliers 130

Supply Chain Game Changer

JANUARY 21, 2020

Subscribe to Supply Chain Game Changer. categorically be boiled down to the ability to communicate efficiently. What’s interesting is that CIPS involves the language of eAuctioning and Contracting in their definition of eSourcing, which I believe creates confusion. Subscribe Here! Email Address. in some instances?—?categorically

Procurement 87

Procurement Supplier relationship management Eprocurement Supply Chain Efficiency 87

Empowering CPO

JUNE 20, 2023

Introduction In an era defined by data-driven decision-making, Spend Analysis has emerged as a game-changer, steering businesses towards more strategic, efficient, and cost-effective operations. It aims to provide a clear view of an organization’s spend patterns and highlight opportunities for improved efficiency and cost savings.

Supply chain management 40

Supply chain management Supply chain management supply chain budgeting Supply Chain Efficiency 40

The Good Spending

AUGUST 23, 2022

Therefore, we will give different definitions, not pretend to have found the unilateral value formula. Value as the downstream effect of procurement In this post, we explained the differences between the efficiency and effectiveness of public procurement. This 1914 philosophical article defines value as the object of proper judgment.

Procurement 98

Procurement supply chain budgeting Supply Chain Optimization Budget 98

Procurement Software

FEBRUARY 20, 2024

It also has an analytics system claiming to focus on risk management rather than retrospective troubleshooting. Spendkey is one of few spend analytics platforms which also offer transparent pricing on their website. Weproc aims to facilitate the management of Purchase Orders and invoices through a simple and efficient interface.

Supply Chain Efficiency 59

Supply Chain Efficiency supply chain software solutions Procurement Real-time Visibility 59

Procurement Heads

JULY 12, 2023

I think if you resource your team in a traditional manner with many of the organisation focused on sourcing and category management activities, the outcome you will get will be focused around sourcing and category management activities.  Within that, about 40% of the team was focused 100% on supplier collaboration and risk. 

Leadership 130

Leadership Risk Suppliers Collaboration 130

Procurement Insights

DECEMBER 30, 2023

These Next Gen Rebels are definitely not the spectator-kind, and here is what they had to say when I asked them the following three questions regarding 2024: Question #1 – What is procurement’s biggest strength? Risk management – understanding top supply chain risks and mitigation plans.

Procurement 87

Procurement Supply Chain Efficiency Risk Innovation 87

Empowering CPO

JULY 17, 2023

From securing raw materials to procuring top-tier services, these purchases directly impact a company’s efficiency, productivity, and bottom line. Through these services, businesses can leverage the provider’s expertise, technologies, and relationships to enhance the efficiency and effectiveness of their procurement operations.

Supply Chain Efficiency 52

Supply Chain Efficiency Management Procurement Supply Chain Optimization 52

Una

JUNE 8, 2023

We need to focus on those that are critical for maintaining a reliable supply chain, optimizing costs, driving innovation, improving efficiency , and supporting strategic objectives. There are plenty of definitions available online, but in my opinion one of the best comes from Oboloo.

Suppliers 52

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

Empowering CPO

JUNE 9, 2023

But procurement is more than just buying; it’s about making informed and strategic decisions that can significantly impact a company’s bottom line, efficiency, and competitive advantage. These are quantifiable measures used to track and analyze the efficiency, effectiveness, and quality of the procurement process.

Procurement 52

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Quality 52

NLPA (Next Level Purchasing Association)

FEBRUARY 29, 2024

In today’s dynamic business landscape, category management in procurement has become an essential weapon for procurement teams seeking to optimize spend, strengthen supplier relationships, and drive growth. To thrive, procurement functions need to become strategic partners within the organization, actively driving growth and efficiency.

Category management 52

Category management Management Procurement Supplier relationship management 52

Arkestro

OCTOBER 3, 2024

Such programs add more reporting requirements, costs on imported parts, and other considerations to an already complex supply chain. It’s anything but easy to manage. Overall, procurement has seen more requirements around tracking raw materials and origin throughout the supply chain.

Procurement 52

Procurement Procurement team Supply Chain Efficiency supply chain budgeting 52

Empowering CPO

JULY 17, 2023

From sourcing raw materials to securing high-quality services, procurement directly influences a company’s efficiency, productivity, and financial performance. The Importance for Business Leaders For business leaders, grasping the concept and potential of Managed Procurement Services is pivotal.

Procurement 52

Procurement Supply Chain Optimization Supply Chain Efficiency Raw materials 52

Zycus Cognitive Procurement

JANUARY 31, 2023

By engaging in SRM practices, businesses can identify the best suppliers from which to source materials and services, optimize costs, mitigate risk, explore new opportunities for top-line growth through supplier innovation, streamline operational processes and receive preferential treatment as a customer of choice.

Supplier relationship management 40

Supplier relationship management Suppliers Management Supply Chain Efficiency 40

Empowering CPO

JUNE 14, 2023

Whether you’re a procurement professional looking to stay ahead of the curve, a business leader seeking to drive efficiency, or simply someone interested in business innovation, this post is for you. These technologies enable better supplier evaluation, improved contract management, predictive analytics, and enhanced transparency.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Arkestro

AUGUST 29, 2024

In this article, we’ll discuss the modern definition of high-tech manufacturing and share key challenges the industry faces in 2024. Automotive: Modern vehicles require high-tech processes like electrification and smart manufacturing to enhance efficiency, safety, and performance. So, what is high-tech manufacturing?

Procurement 52

Procurement Procurement team Agile and Lean Supply Chain Supply Chain Efficiency 52

Supply Chain Game Changer

MAY 8, 2019

Subscribe to Supply Chain Game Changer. categorically be boiled down to the ability to communicate efficiently. What’s interesting is that CIPS involves the language of eAuctioning and Contracting in their definition of eSourcing, which I believe creates confusion. Subscribe Here! Email Address. Hey Procurement!

Procurement 50

Procurement Supplier relationship management Eprocurement Supply Chain Efficiency 50

Empowering CPO

MAY 4, 2023

Importance of procurement in modern businesses In today’s fast-paced and competitive business landscape, procurement plays a crucial role in driving efficiency, cost savings, and overall success. Improved data accuracy: Digital systems reduce the risk of human errors, ensuring accurate data for better decision-making.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

Empowering CPO

JUNE 22, 2023

This empowers them to make data-driven decisions that not only enhance efficiency and reduce costs but also foster a diverse and inclusive supplier base. It can reveal hidden risks and opportunities that lie within the organization’s procurement activities, delivering insights that can drive business transformation.

Suppliers 52

Suppliers Supply Chain Efficiency supply chain budgeting Data 52