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.

Leadership 149

Leadership Suppliers Strategic sourcing Strategic sourcing 149

Skill Dynamics

JANUARY 21, 2025

It typically covers key supply chain areas including procurement , logistics, demand forecasting , and much more. It requires coordinating demand forecasts, inventory management, and production scheduling to ensure timely product delivery in line with customer expectations.

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting Supply chain 52

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.

supply chain budgeting 115

supply chain budgeting supply chain software solutions Supply Chain Efficiency Supply chain 115

SCMDOJO

DECEMBER 14, 2023

Task-Specific Services: Primarily involved in tasks like supplier identification, negotiation, and quality control. 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.

Sourcing 104

Sourcing Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain 104

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.,

Spend management 100

Spend management Management Real-time Visibility Collaboration 100

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.

Procurement 52

Procurement Procurement team Quality Demand Planning 52

SCMDOJO

APRIL 29, 2024

It encompasses activities such as procurement, supplier selection, and evaluation. A well-established sourcing strategy helps businesses secure the best quality materials at the most competitive prices. Accurate demand forecasting enables businesses to optimize production levels, reduce inventory costs, and meet customer expectations.

Supply chain management 98

Supply chain management Supply chain management Agile and Lean Supply Chain supply chain budgeting 98

SCMDOJO

JUNE 21, 2023

Companies with advanced supply chain practices excel in delivering quality third-party logistics management, SKU optimization, efficient transport management, and swift handling of B2B/B2C shipments. Two fundamental questions arise: the definition of procurement outsourcing and the most efficient approach to its implementation.

Supply Chain Optimization 105

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting supply chain software solutions 105

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.,

Sourcing 59

Sourcing Procurement Category management Demand Planning 59

Procurement Insights

MAY 26, 2024

Kenny’s decision came “in apparent coordination with Thai Union and under the guise of a ‘quality review,’” Red Lobster said. Under Kenny, Red Lobster also cut two of its longtime shrimp suppliers— and competitors to Thai Union — to purchase more shrimp from Thai Union at higher costs, according to Red Lobster’s bankruptcy filing.

Supply Chain Efficiency 89

Supply Chain Efficiency Supply Chain Optimization Supply chain Networking 89

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.

Leadership 100

Leadership Suppliers Strategic sourcing Strategic sourcing 100

Skill Dynamics

JANUARY 9, 2025

It incorporates disciplines such as procurement, logistics, and inventory management to create a cohesive and competitive supply chain. Many organizations make use of advanced statistical methods and intelligent machine-learning models to conduct accurate predictive analyses on future demand patterns. There are challenges, however.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Supply Chain Optimization Supply chain 52

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.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

SCMDOJO

JULY 13, 2022

National Association of Educational Procurement. It’s designed to change the way education happens online by providing high-quality supply chain on-demand courses, guides, best practices, tools, and mentoring from industry experts. National Association of Educational Procurement. Michael Page. Naukri Gulf.

Supply chain 138

Supply chain Supply Supply chain management Supply chain management 138

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.

Supply Chain Optimization 104

Supply Chain Optimization Procurement team Agile and Lean Supply Chain Supply Chain Efficiency 104

SCMDOJO

JANUARY 17, 2024

Planning roles include: A supply chain planner analyzes performance and improves processes. A demand planner estimates the future demand for given products. (Do Do check out our Demand Planning Ultimate Guide ) A production planner ensures the required manufacturing output meets the demand.

Supply chain management 98

Supply chain management Supply chain management Supply Chain Efficiency Supply Chain Optimization 98

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.

Agile and Lean Supply Chain 105

Agile and Lean Supply Chain supply chain software solutions Supply Chain Optimization Supply chain 105

World of Procurement blog

APRIL 23, 2024

Supply Chain Lifecycle The supply chain lifecycle consists of several key phases: Planning : This involves the demand planning, supply planning, and overall business strategy. It involves selecting suppliers, negotiating price, delivery terms, and ensuring the supply of quality goods.

Supply chain management 52

Supply chain management Supply chain management Supply Chain Efficiency Supply Chain Optimization 52

World of Procurement blog

APRIL 23, 2024

Supply Chain Lifecycle The supply chain lifecycle consists of several key phases: Planning : This involves the demand planning, supply planning, and overall business strategy. It involves selecting suppliers, negotiating price, delivery terms, and ensuring the supply of quality goods.

Supply chain management 52

Supply chain management Supply chain management Supply Chain Efficiency Supply Chain Optimization 52

SCMDOJO

AUGUST 16, 2023

Read More: ERP Master Data: A Guide to Improve Quality & Governance ] Role of Data Analysis through Barcode Scanning and Point-of-Sale Systems Data analysis is at the core of Walmart’s supply chain prowess. Walmart’s emphasis on direct procurement is further bolstered by the use of technology and information systems.

Supply Chain Efficiency 98

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization Supply chain 98

SCMDOJO

NOVEMBER 17, 2023

We enable them by providing high-quality supply chain on-demand courses, guides, best practices, tools, and mentoring from industry experts. We have Courses like S&OP deployment, Supply Chain Digitalization , , and Negotiation in Procurement. Simultaneously, honing presentation skills is crucial for leadership.

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency Supply chain 98

Supply Chain Game Changer

JULY 28, 2020

Supply and Demand Planning, Inventory Management, Quality Management, Logistics Management, Channel Management, Distribution, and Manufacturing must all be performed for every aspect of the Supply Chain. To establish, manage and maintain a Supply Chain takes a lot of resource.

Supply chain 100

Supply chain Strategy Supply Distribution channels 100

SCMDOJO

SEPTEMBER 19, 2024

On the other hand, SCMDOJO is a specialized platform dedicated solely to supply chain and procurement professionals. We have done an in-depth comparison between LinkedIn Learning vs SCMDOJO and CIPS on demand vs SCMDOJO that breaks down features, pricing, and content to help you choose the perfect platform for your learning journey.

Supply Chain Efficiency 98

Supply Chain Efficiency Supply Chain Optimization Supply chain Supply chain management 98

Empowering CPO

JUNE 27, 2023

Introduction In the complex world of procurement, where every penny counts, gaining a deep understanding of your organization’s spending habits is crucial to unlocking value and maximizing savings. Why is spend analysis so important in procurement? Imagine trying to navigate a labyrinth without a map or compass.

Procurement 40

Procurement Supply Chain Optimization Supplier consolidation Suppliers 40

Supply Chain Game Changer

OCTOBER 12, 2021

Women have historically had very good representation and upward mobility in the supply chain industry in client support, account management, and procurement roles. Staying ahead of challenges from a COVID perspective – as seen from both an operational and procurement standpoint. Women bring passion, emotion, and creativity.

Leadership 105

Leadership Supply Chain Efficiency Supply chain Distribution channels 105

Supply Chain Game Changer

NOVEMBER 6, 2018

And problems in harvesting, quality standards, storage, shipping costs, and handling all create food waste. Selected as one of the Top 75 Supply Chain Blogs, and one of the Top 25 Procurement Blogs, on the Internet. Grocery stores overstock items or discard food that is not aesthetically pleasing. Table Source: [link].

Supply Chain Optimization 59

Supply Chain Optimization Supply chain Real-time Visibility Supply 59

Supply Chain Game Changer

MARCH 23, 2021

When a Procurement team is asked to find a new supplier to perform a particular service or supply a specific type of components, parts or materials there are a large number of steps required to bring this result to fruition. New Supplier and Materials Set Up. Warehouse Order Fulfillment.

Supply Chain Efficiency 64

Supply Chain Efficiency Supply chain Real-time Visibility Supply 64

SCMDOJO

APRIL 4, 2023

Purpose of SCM Analytics Supply chain analytics aims to provide insight and extract value from the large amounts of data associated with the procurement, processing, and distribution of goods. It is an essential element of supply chain management. What are some examples of Supply Chain Analytics?

Supply Chain Analytics 111

Supply Chain Analytics supply chain budgeting Supply Chain Optimization Supply Chain Efficiency 111

The Good Spending

AUGUST 16, 2022

Other peers around the company overlap with us in their functions - Technology tends to manage suppliers , Finance owns the demand planning and budgeting, and Sales and Marketing monopolize the end-customer value chain. Shadow procurement, supply chain, and logistics have become standard for many companies.

Supply Chain Efficiency 52

Supply Chain Efficiency Collaboration Supply Chain Optimization supply chain budgeting 52

Supply Chain Game Changer

NOVEMBER 23, 2018

Argentus is a boutique recruitment firm focused on Supply Chain and Procurement. The field is becoming more digital, with end-to-end planning and blockchain technologies transforming the way products are coming to market. Argentus is a boutique recruitment firm focused on Supply Chain and Procurement. Infographic) .

Supply Chain Efficiency 49

Supply Chain Efficiency Supply chain Supply Logistics 49

Supply Chain Game Changer

NOVEMBER 10, 2018

Sixty-five percent of procurement practitioners say procurement at their company is becoming more collaborative with suppliers, according to The Future of Procurement, Making Collaboration Pay Off, by Oxford Economics. Leadership #SupplyChain #Business #SCM #Procurement #Purchasing.

Collaboration 66

Collaboration Supply Chain Optimization Agile and Lean Supply Chain supply chain budgeting 66

The Procuretech Podcast

FEBRUARY 22, 2022

It's a part of the digital procurement landscape that's been a bit neglected, except for e-sourcing tools, and my guest this week decided to do something about this. Part of a rare breed, Anne-Sophie is a fellow ex-Procurement Category Manager turned startup founder. Demand planning. Spend analytics.

supply chain software solutions 40

supply chain software solutions Supply Chain Efficiency Supply chain Innovation 40

Finale Inventory

JULY 23, 2024

It covers inventory forecasting, demand planning, order fulfillment, and warehouse management. Physical inventory also includes verifying product quality and condition. By examining each item during the count, businesses can uphold quality standards and streamline inventory management.

Inventory 52

Inventory Real-time Visibility Order Fulfillment Supply Chain Efficiency 52

Empowering CPO

JUNE 26, 2023

Introduction In today’s dynamic business landscape, effective procurement strategies are crucial for organizations to achieve sustainable growth and maintain a competitive edge. Data-driven Decision Making In today’s data-driven world, the role of data in procurement has become increasingly significant.

Real-time Visibility 40

Real-time Visibility Supply Chain Efficiency Supply Chain Optimization Collaboration 40

The Procuretech Podcast

OCTOBER 3, 2022

We're continuing our series of interviews with industry experts and thought leaders to get their take on digital procurement. What impacts has Muddassir seen from disruptive procurement technology? Muddassir thinks we have a lot of catching up to do, in procurement. Welcome back to The Procuretech Podcast! Tools in development.

supply chain software solutions 40

supply chain software solutions supply chain budgeting Supply chain Supply 40

Supply Chain Brain

MAY 7, 2018

It’s that latter quality that applies to data-heavy disciplines such as pricing. Such a quality is of increasing importance to organizations today, given the rapid pace of global commerce. On one hand, A.I. can generate “expert systems” that seek to replicate the knowledge of seasoned veterans in a given field.

Price 40

Price Raw materials Supply Chain Optimization Supply chain 40

Planergy

JULY 18, 2023

One of the most important aspects of procurement is understanding and utilizing working capital in the best way possible to ensure you are making the most of your resources. It’s important to accurately understand what demand is likely to be to ensure that you can properly manage cash flow while accommodating customer needs.

Import 52

Import supply chain budgeting Inventory Budget 52