Casey’s ramps up demand planning efforts
Supply Chain Dive
JULY 15, 2024
The c-store chain, which added more than 150 locations in fiscal 2024, has formed multiple technology partnerships to improve procurement in the last few years.
What About Procurement Objectives?
Procurement Templates
DECEMBER 11, 2024
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.
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UNFI looks to improve demand planning and replenishment capabilities
Supply Chain Dive
JULY 17, 2023
The company will use Relex Solutions’ cloud-based procurement offering to establish a centralized, data-driven buying system.
Here’s a comprehensive list of the top 100 skills that a Procurement Manager should master
Procurement Templates
NOVEMBER 21, 2024
SAP, Oracle) Procurement software (e.g., SAP, Oracle) Procurement software (e.g., SAP, Oracle) Procurement software (e.g., SAP, Oracle) Procurement software (e.g., SAP, Oracle) Procurement software (e.g., SAP, Oracle) Procurement software (e.g., Coupa, Ariba) Data analytics tools (e.g.,
The Beautiful Complexity of Procurement Planning
The Good Spending
APRIL 2, 2023
Where's the procurement planning when you need one? Once, we wrote about demand management in this blog. It's a good enough topic, which misses one crucial element - demand management mastery comes after sophisticated planning. The lion's share of procurement value could be created in the planning stage.
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Effective Inventory Forecasting and Demand Planning Strategies for Construction Businesses
Finale Inventory
AUGUST 30, 2024
In the construction industry, effective inventory forecasting and demand planning strategies are vital for businesses to succeed in a competitive market. Additionally, we’ll explore the role of technology in streamlining inventory forecasting and demand planning and how to choose the right tools for your business.
Demand Planning for Q4: A Comprehensive Inventory Guide
Finale Inventory
SEPTEMBER 6, 2023
Demand planning with inventory management software and data reports. For businesses, it means meticulous planning to get ahead of Q4 in order to navigate the whirlwind of sales, promotions, and elevated customer expectations. Q4 Demand Planning is Crucial Inventory demand planning for Q4 isn’t a casual month-long affair.
ERP vs. Best-in-Class — What is Best for Managing the Healthcare Supply Chain
ivalua
FEBRUARY 25, 2021
That’s the question we set out to answer in our recent panel discussion with Procurement and Supply Chain experts. Demand planning capabilities. Demand planning is the ability to create forecasts that predict the future need for your products. In terms of feature vs. function, they appear the same, but are they?
The Big Interview with Lorna Baker
Procurement Heads
MARCH 27, 2023
For Procurement Heads ‘ latest Big Interview, Lorna spoke with Gemma Burman about her procurement career. How did you get into procurement? Well, like a lot of people, I fell into procurement really. What are the roles and responsibilities the procurement function holds within Futures Housing Group?
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Leveraging Lean Procurement
Una
SEPTEMBER 6, 2022
Leveraging Lean Procurement. Have you ever been asked to “do more with less” in procurement? What is lean procurement? Lean procurement” can mean several different things depending on who you ask, but the common thread connecting every definition is the core concept of doing more with less. Benefits of lean procurement.
Technology Trends in Procurement
Una
AUGUST 2, 2022
5 Technology Trends in Procurement. We like talking about savings in big numbers at Una , but even we are awed by the sheer scale of the procurement technology market. According to Verified Market Research , the global procurement software market will grow from $5.5 Technology trends in procurement. Cloud migration.
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Collaboration will drive future sourcing and supplier management success
ivalua
SEPTEMBER 3, 2015
Historically, if you asked sourcing leaders to name the one competency they felt they needed their procurement and sourcing teams to master in order to achieve ongoing sourcing and supplier management success, most would likely have said negotiation skills. It requires the building of trust and the development of shared goals.
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Supply Chain Forecasting — Everything You Should Know
Procurement Tactics
MARCH 27, 2023
18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details → Or receive our famous weekly newsletter Supply Chain Forecasting — Everything You Should Know Supply chain forecasting is about making predictions from both past and present information. Thus, why it is critical to the success of an organization.
Supply Chain Planning — The Ultimate Guide of 2022
Procurement Tactics
AUGUST 15, 2022
33 Procurement Interview Questions in 2022. Supply Chain Planning — The Ultimate Guide of 2022. Supply chain planning helps organizations to meet customer demands efficiently. However, to achieve this, you will need to have effective supply chain planning. . What is Supply Chain Planning? Demand planning.
Inventory Management — Everything You Should Know
Procurement Tactics
JUNE 8, 2023
Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts → Or receive our famous weekly newsletter Inventory Management — Everything You Should Know Inventory management enables companies to ensure that they always have enough stock to fulfill customer orders. However, what is it?
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Talent Spotlight: Andrew F. Smith
Procurement Heads
APRIL 27, 2023
Andrew’s career started in supply chain and M&A roles in Unipart Group, before moving to Royal Mail where he was part of the procurement leadership team that transformed the function, achieving CIPS Gold accreditation in the process. Collaboration and stakeholder engagement are much-used terms within procurement teams.
Talent Spotlight: Andrew F. Smith
Procurement Heads
APRIL 27, 2023
Andrew’s career started in supply chain and M&A roles in Unipart Group, before moving to Royal Mail where he was part of the procurement leadership team that transformed the function, achieving CIPS Gold accreditation in the process. Collaboration and stakeholder engagement are much-used terms within procurement teams.
Inventory Forecasting — Everything You Should Know
Procurement Tactics
JUNE 6, 2023
Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts → Or receive our famous weekly newsletter Inventory Forecasting — Everything You Should Know Inventory forecasting allows you to predict when supply chains and consumer demand are going to change. However, what is it?
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The Role of IT in Supply Chain!
Supply Chain Game Changer
NOVEMBER 3, 2022
Procurement Management. Procurement is one of the most important parts of supply chain management because it determines which suppliers you work with and how much they charge for their products or services. Demand Planning. One of the things IT systems do is use enterprise resource planning (ERP) for demand planning.
This is NOT thought leadership, it’s practical talk about Supplier Value Management
ivalua
JULY 27, 2015
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. Perhaps it is time for a more comprehensive description. I’m going with Supplier Value Management.
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Critical differences between IT procurement and legacy sourcing
The Good Spending
SEPTEMBER 2, 2023
Integrated solution as a guarantee of competitive advantage A significant difference in IT procurement is associated with a change in the paradigm of competitive advantage in the conditions of Industry 4.0. Therefore, there are very few commodity categories in IT procurement (e.g.,
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Building Blocks of Supply Chain Strategy!
Supply Chain Game Changer
JUNE 30, 2022
Demand Planning. Rather than creating the demand, businesses need to be able to respond quickly to customer demand. Demand planning helps your business understand the current demand for a good or service and predict future demand.
Supply Chain as a Service (SCaaS): A Golden Opportunity for the Supply Chain Industry
SCMDOJO
JUNE 21, 2023
SCaaS offers a solution by enabling hospitals to engage in strategic procurement, ensuring standardized operations throughout the contract duration. Two fundamental questions arise: the definition of procurement outsourcing and the most efficient approach to its implementation.
Embracing AI and Predictive Procurement to Overcome Industry Challenges
Arkestro
APRIL 23, 2024
Resources / Blog / Embracing AI and Predictive Procurement to Overcome Industry Challenges Embracing AI and Predictive Procurement to Overcome Industry Challenges Today’s procurement teams are faced with a host of challenges: Managing more spend with fewer headcount. Enhancing supplier performance.
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Collaboration Will Drive Future Sourcing and Supplier Management Success
ivalua
SEPTEMBER 3, 2015
Historically, if you asked sourcing leaders to name the one competency they felt they needed their procurement and sourcing teams to master in order to achieve ongoing sourcing and supplier management success, most would likely have said negotiation skills. It requires the building of trust and the development of shared goals.
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The ISM ThomasNet Top 30 Under 30 Class of 2017: Where are they now?
Procurement Insights
JANUARY 11, 2024
During that time, I had the opportunity to talk with many enthusiastic procurement professionals who were energized and enthusisatic about joining our industry. In short, rather than just “falling into procurement,” they chose to pursue it as a career.
Leveraging supply chain disruptions to accelerate digital transformation
Spend Matters
AUGUST 15, 2024
This article explores critical frameworks that procurement and supply chain teams use to implement transformational projects, ensuring long-term benefits beyond immediate crises. The reality is that changing the prevailing mindset and culture around digital procurement and supply chain technology in large enterprises has been far from easy.
What is Supply Chain Management? A Guide to Success
SCMDOJO
APRIL 29, 2024
Planning ensures that resources are allocated effectively and that production and distribution meet customer demand. It encompasses activities such as procurement, supplier selection, and evaluation. This involves supplier selection, negotiation, and contract management to ensure timely and cost-effective procurement.
The Big Interview with Ana Maria Velica
Procurement Heads
AUGUST 11, 2022
When did your interest in procurement and supply chain begin? Here I am, 18 years later having led major procurement transformations in three international companies: British American Tobacco, Heineken and Nestle. Soon after, a great opportunity came with Heineken global procurement whose headquarters is in Amsterdam.
Supply Chain Department – A Typical Structure
SCMDOJO
MARCH 19, 2024
While Its primary purpose is to manage the entire process, from procurement to delivery, efficiently and cost-effectively, it also coordinates with production to automate processes and planning, etc. Watch What is Marketing Procurement? on our SCMDOJO YouTube Channel! Why do you need a structured Supply Chain Department?
4 Predictions on Procurement’s Top Trends in 2023
Arkestro
JANUARY 4, 2023
In 2022, procurement faced challenges on multiple fronts. Eager to reduce administrative busywork, procurement teams are treating the permacrisis as an opportunity to make long-sought changes along a digital journey. Procurement has had massive challenges and targets over the past year: Managing inflation.
Procurement 101: Your Essential Guide to Strategic Sourcing
World of Procurement blog
MAY 8, 2024
What is Procurement? Procurement refers to the business processes involved in acquiring goods, services, and work from external suppliers. Scope : Procurement spans the entire process from identifying requirements to contract closure. Stakeholders : Procurement involves multiple internal stakeholders across the organization.
This is NOT Thought Leadership, it’s Practical Talk About Supplier Value Management
ivalua
JULY 27, 2015
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. Perhaps it is time for a more comprehensive description. I’m going with Supplier Value Management.
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Top 10 Best Supply Chain Job Boards
SCMDOJO
JULY 13, 2022
National Association of Educational Procurement. National Association of Educational Procurement. The National Association for Educational Procurement is a professional, non-profit organization dedicated to developing competent procurement and material management professionals in education. Michael Page. Naukri Gulf.
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From Spend to Supply — Coupa’s direct spend management progress
Spend Matters
MAY 8, 2023
One consideration is the range of scenarios direct procurement encompasses, which can vary significantly from one customer to the next. prior to P2P execution) and/or downstream activities, new or existing products, procurement and/or supply chain functions, etc. The specific processes and needs involved may include upstream (i.e.,
What is a Sourcing Agency and How does it work?
SCMDOJO
DECEMBER 14, 2023
Limited Scope: Offers a more focused and individualized approach to the procurement process. Diverse Expertise: Leverages collective knowledge and resources for a more comprehensive and streamlined procurement process. Streamlining Logistics: Coordinating the logistics of procuring goods internationally involves a multitude of tasks.
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Sales and Operations Planning – What Is It, and Why Should You Care?
NLPA (Next Level Purchasing Association)
JUNE 23, 2022
Link strategic planning with day-to-day sales and operational activities. It is a multi-step process involving demand planning, supply planning, middle and top management meetings resulting in decision-making and authorization. The 5-step eS&OP planning process includes: Step 1 – Data Gathering.
Transform Your Supply Chain: The SCMDOJO Training Track
SCMDOJO
JUNE 14, 2024
Paul Denneman , a Master APICS® Instructor with over 20 years of experience, and Maryna Trepova , a renowned procurement expert, are just a few of the instructors leading the way. The program offers on-demand modules, allowing you to learn at your own pace, whether you prefer short bursts or dedicated study sessions. No problem!
Why is Supply Chain Such a Great Career Path?
Supply Chain Game Changer
JUNE 11, 2019
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.
Will your supply chain lead in the next decade?
ivalua
MAY 21, 2014
Professionals in demand planning, procurement, logistics, fulfillment, sourcing: step up and take ownership of your area. Fuel innovation with processes and analytics. In many ways, Gartner’s opening day message was simple: the power for change is in the hands of supply chain leaders. Drive transformation from the bottom up.
6 Critical Supply Chain KPIs!
Supply Chain Game Changer
JULY 21, 2021
Procurement Cost. The cost of procurement includes not just the purchasing cost of inventory that is negotiated with suppliers, but it also includes hidden costs related to transportation, negotiation, duties and more. Inventory Turnover (Cash).
How Did AI Hurt Red Lobster But Help ALDI?
Procurement Insights
MAY 26, 2024
“Thai Union exercised an outsized influence on the Company’s shrimp purchasing,” Red Lobster alleged in its bankruptcy filing.
A Detailed Comparison of edX Supply Chain Courses vs. SCMDOJO Academy
SCMDOJO
OCTOBER 23, 2024
This learning platform covers every angle of supply chain management, from demand planning and inventory management to supplier relationship management, procurement, and logistics. Save $49 and Optimize Your Indirect Procurement Functions Now!
The Supply Chain of Tomorrow is Here Today
Supply Chain Collaborator
MAY 23, 2019
You deployed ERP for procurement and order management, S&OP tools for sales and operations, WMS to automate your warehouses. They’re integrating planning and execution to power smart procurement, autonomous logistics and warehousing. You put in a TMS for logistics management, scheduling, and track & trace.
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