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a snack food company, came from how they intentionally targeted key strategic initiatives under Senior Vice President and Head of Procurement Ron Schnurs leadership. The leadership team was on board from the beginning but he still had to execute his recommendations in an orderly and intentional manner to deliver the results.
From then, seeking a new challenge, I moved to LV= to IT procurement a couple of years later and didn’t look back until earlier this year when I was presented with a great opportunity to head up the non-Claims Supplier Relationship Management (SRM) team here at Allianz Holdings, after first TUPE’ing across at the start of 2020.
Enhancing supply chain resilience as well as supply chain visibility is crucial in today’s interconnected world. The powerful concept of Supply Chain Visibility lies at the core of resilience. Supply Chain Visibility refers to tracking and monitoring the movement of goods, services, and information throughout the supply chain.
Discover Ways to Boost Supply Chain Visibility through Digital Marketing Supply chain visibility is essential for providing a superior customer experience and sustaining customer loyalty over time. Customers face significant frustrations that erode brand trust and sales without supply chain visibility.
If you’d like to understand more about what intake management and orchestration mean for procurement, read our Guide to Intake and Orchestration. Our first practitioner-focused viewpoint came from Sören Petsch, head of procurement at end-to-end e-commerce solution Rithum — How intake cuts to the point.
Jarrod McAdoo, Senior Product Marketing Manager, Ivalua. Tools for business optimization and risk management (including AI) — Improve business planning accuracy and decision making frameworks. Risk management. For example, Procurement would probably not select or manage the company’s tax advisor or specialized legal services.
Nowadays, Procurement practitioners primarily talk about emerging topics like the reduction of scope 3 emissions, supplier-enabled innovation and supply risk management. Many large organizations implement a Procure to Pay platform with the aim to deliver efficiency, visibility, simplicity, and compliance.
Titled, “ The Death of Supply Chain Management ,” the article discusses the way that automation, AI and big data are transforming the industry. It raises the alarm that the function will soon cease to exist, only to – as these “ X is dead“ articles often end up doing – assert that it will still exist, just in a very different form.
The Coronavirus pandemic created a dramatic and highly visible disruption in that paradigm. procurement techniques) as opposed to educating the next generation of leaders equipped with the broadest possible set of management and leadership skills to run the entire end to end operations of a massive global company.
Guest bio: Mandar Rahatekar is a seasoned supply chain professional and Senior Director in Product Leadership at Manhattan, where he plays a critical role within the research and development team. Were at the right intersection of the requirement of us as customers, and the technology that will support it.
From then, seeking a new challenge, I moved to LV= to IT procurement a couple of years later and didn’t look back until earlier this year when I was presented with a great opportunity to head up the non-Claims Supplier Relationship Management (SRM) team here at Allianz Holdings, after first TUPE’ing across at the start of 2020.
Strong, persistent Supply Chain leadership will be necessary to move the needle in rethinking fundamental Supply Chain principles. And having the courage to implement these changes will be the real test of leadership. Supply Chain and it’s importance is more visible than at any time in history.
Our coverage also explores the latest thought leadership topics about procurement and supply, the technology that serves it and comparative analyses based on demos and the scoring of 500+ RFI requirements across 12 source-to-pay (S2P) categories that create our Vendor Ranking data. Read part 1 here , part 2 here and part 3 here.
As a result of the disruption, cost management and supply chain visibility were suddenly top of mind for executive leadership teams. . Historically, the role of Procurement has been regarded as being exclusively aligned with cost management and supplier management , which is only part of the full picture.
Seasoned Leadership in Action – Our 2020 All Stars! As such we have introduced our “Seasoned Leadership in Action ” Interview series. From 2009 to 2015, in the midst of a national recession, I served as Director, and later VP, of Engineering at Addepar, a wealth management platform. Email Address.
Set Realistic Career Goals To build a successful career, establish achievable goals aligned with your aspirations, such as becoming a supply chain manager, logistics director, or category manager. When I aimed to transition from a demand planner to a supply chain manager, I developed a five-year plan.
IBM Consulting is uniquely positioned to provide exceptional FinOps and TBM services, from strategic planning to operating model implementation and managed services. Supported by an all-encompassing end-to-end toolchain, IBM Consulting distinguishes itself as an industry leader in the marketplace. And by acquiring Apptio Inc.
Lack of Visibility Beyond Tier 1. According to the 2021 Deloitte Chief Procurement Officer Survey, “Around 70% of CPOs felt that they had good visibility on the risks that existed in their direct (tier 1) suppliers. And, only 15% had visibility into tier 2 or beyond. Dirty Little Secret #1. Dirty Little Secret #2–4.
In the healthcare supply chain, there are three main challenges pharmacies, hospitals, pharmaceutical companies and patients are facing: shortages and delays; lack of convenient and cost-effective fulfillment options; and rising counterfeiting and regulatory changes, along with a persistent need for better drug cold chain management.
They wanted to have “an intensive and critical examination of the reality and the dream of end-to-end supply chain visibility” For anyone who follows Supply Chain Game Changer, you know that we view end-to end Supply Chain connectivity and visibility as the foundation to create the Digital Supply Chain of the future.
Why have so few companies adopted a TMS (Transportation Management System) solution? One of the services that was very compelling was our Freight Management service. And they would not have the end to end supply chain visibility that can come with a TMS. Subscribe Here! Email Address. Loss of Control.
Our coverage also explores the latest thought leadership topics about procurement and supply, the technology that serves it and comparative analyses based on demos and the scoring of 500+ RFI requirements across 12 source-to-pay (S2P) categories that create our Vendor Ranking data.
I/T was going to be at the epicentre of the strategic and operational leadership of the company. Because we had visibility as to demand, and inventory, at a consumer level, we could completely circumvent and simplify the entire distribution channel network. So the new CIO I hired needed to share a new vision. All Rights Reserved.
You need the vision, the leadership, the strategy, and the resources to implement this capability. Risk management is challenging in the best of circumstances let alone when you are in the middle of a disaster compromising the very survival of your organization. It is a Cirque Du Soleil calibre balancing act. Conclusion.
The level of digital connectivity across the entire End-to-End Supply Chain, from customers through to manufacturers, distributors, logistics companies, and suppliers of all kinds enables this forward leap to an Industry 4.0 In Supply Chain having complete visibility to the entire network is essential for effective operations.
We have also seen a need for change in category management, which was also ranked among the top drivers of digital transformation in procurement. Additionally, nearly a third view category management as the top technological trend to implement in the coming year. Many thanks to SAP.
Define the contours of your supply chain network from end-to-end – inbound from vendors to production facilities and outbound from DCs to customers. Similarly, the control and visibility delivered by a good TMS solution supports the accurate management of a diversified supply chain. Develop a Risk Mitigation Strategy.
Check out Why don’t you have a TMS (Transportation Management System) Solution yet? Yet it is managed by one or two people, with no support, and no visibility from upper management. Aside from the cost impact the service implications of a poor Freight management system are enormous.
The fundamental trick to create the more robust, proactive Supply Chain, is to have the leadership that will allocate the time and resources to pursue these proactive activities. Without that leadership and vision, organizations will continue to be sucked into the morass of expediting and fire fighting.
The concept of the “control tower” is increasingly becoming widespread in Supply Chain Management, and Control Tower technologies are a popular topic right within the supply chain community. Every research firm and vendor has their own definition, but all share the common theme of visibility. Challenges & Capabilities.
The reason being quite simply that there is so much else going on in our organizations and in the world at large that’s grabbing our attention: supply chain disruptions, supplier value management, risk factors, finding the right balance between savings and lead times and, last but not least, sustainability, in particular reducing carbon footprint.
Never in modern history have supply chain leaders had more visibility, vulnerability, or accountability laid squarely at their feet. Diversity in leadership and approaches has never been more important for supply chain. when my management training started. I’m managing more than just warehouse operations.
From planning to negotiating to buying, from moving goods to processing goods, and from managing data to managing inventory. Cash Cycle Management. Supply Chain has a central and pivotal role, if not the controlling responsibility, for Cash Cycle management. Cost and Profit Management.
It is a process that creates efficiencies across all spend categories, minimizes supply chain risks through improved supplier selection and awards, while giving visibility into pricing and forecasting. We normally now refer to the first step as spend management and we use spend analytics technology to aggregate and explore spend data.
This shift responds to the growing need for unified platforms that provide end-to-end process visibility, essential for global corporations seeking to streamline their procurement operations. Vendors are investing heavily in these technologies to provide smarter spend management solutions.
In sharp contrast with organizations that have fewer women in leadership, more than half of businesses actively focusing on gender equity and inclusion have 50% higher profits and 61% higher revenue growth—73% of these are official leaders in customer satisfaction scores. I moved to the U.S. for a North American software rollout.
As such we have introduced our “Seasoned Leadership in Action ” Interview series. Big picture: I’ve been a recruiter for 35 years, and recruiting exclusively within Supply Chain Management for 18. We also provide thought leadership through the Argentus blog , (and thanks for contributing there as well, Mike!).
The purpose of this article is to introduce my view on the current and future state of Supply Chain Management; aiming to continue growing my network of like-minded professionals. As a digital native born at the end of the millennial era, it is fair to say I also expect nothing less. An Inherent Problem (‘As Is’).
Supply Chain Management is complex and truly mastered by few. Equally, lack of visibility adds to uncertainty. Where reliability is key, management of uncertainty may require closer collaboration with external parties and optimization of end-to-end (E2E) inventory levels aligned to segmented trade-off between service level and cost.
As the name suggests, the role of a fractional CFO revolves around financial management. During financial management, a CFO reviews the company’s financial situation to ensure accurate and timely reports. Other than financial management, the CFO is the first line of defence for risk management.
This article was posted on Oracle’s Supply Chain Management blog. What do these capabilities really mean in terms of the day-to-day realities of managing a supply chain? This level of visibility also provides unprecedented responsiveness to changes in customer demand. Imagining the Supply Chain of the Future!
As such we are introducing a new “Seasoned Leadership in Action ” Interview series at Supply Chain Game Changer. I was a young general manager in a publishing company with responsibility for educational kits. I also learned that top-down management buy-in is a must for cultural change.
However, one McKinsey study found that 7% of CPG companies apply end to end autonomous planning. Set strategic & decision policy setting : this is a leadership meeting, where the strategic priorities by function and trade-offs between functions are updated when required. Some go as far as 80%.
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