ivalua

FEBRUARY 24, 2021

In Accounts Payable, it’s the Supplier inquiry. However, could this interruption by your supplier be turned into an automation opportunity. Bad Supplier Relationship Management is the kryptonite for AP . In this situation, suppliers may start regarding AP team members as adversaries — and that’s a recipe or disaster.

Suppliers 130

Suppliers supply chain budgeting Supplier relationship management Eprocurement 130

ivalua

MARCH 16, 2020

As an international technology group with about 10,000 employees, Körber offers products, solutions and services that inspire. “ We are sure that with Ivalua, Körber will become even more cost-effective and focused on value creation through closer relationships with suppliers.

Agile and Lean Supply Chain 49

Agile and Lean Supply Chain Procurement Supply Chain Efficiency Chief Procurement Officer 49

Procurement Leaders

JUNE 13, 2022

With the company rapidly becoming a leader in smoke-free products, including heated tobacco devices and e-cigarettes, it successfully built a supply base in the highly competitive electronic devices market. Product Creation – led by product development. Implementing a new operating model. New team structure.

Collaboration 130

Collaboration Strategy Product development Supply Chain Efficiency 130

Procurement Leaders

MARCH 18, 2024

It’s a fascinating blueprint for how procurement is being viewed as a catalyst for sustainability – supporting the strategic involvement of suppliers in product development while embedding ESG across core business, and I’ll be watching developments with interest.

Sustainability 130

Sustainability Product development Innovation Suppliers 130

Jaggaer

NOVEMBER 14, 2024

While the prospect of digital transformation in procurement can be daunting, partnering with a world-class provider can guide your organization through a journey of improvement, delivering success across various metrics such as margins, profits, production targets, quality scores, ESG scores, and customer satisfaction.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Chief Procurement Officer Supply Chain Optimization 52

ivalua

MARCH 24, 2021

Without digitization, many manufacturing organizations see one or more of these areas suffer due to a reliance on manual processes, a lack of collaboration with suppliers, and little to no visibility of risk during the product development process. Digitization Benefit #1: Inter-Enterprise Collaboration .

Supply Chain Efficiency 130

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization Supply chain 130

ivalua

JULY 15, 2015

Since its inception in the late 1980s, strategic sourcing has always been about getting the best value for the goods and services purchased from third party suppliers. The decision making process used to select suppliers must be fact-based and driven by a rigorous analytical approach. Supplier selection is more critical than ever.

Strategic sourcing 147

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 147

Let's Talk Supply Chain

FEBRUARY 20, 2025

Foster Innovation: Collaborating with global partners brings fresh perspectives and ideas to the table, fostering innovation and enhancing product development capabilities. By ‍strategically tapping into a network of suppliers across the globe, Mattel is able to weather the storm of shifting trade policies.

Agile and Lean Supply Chain 52

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

ivalua

SEPTEMBER 8, 2015

Examples: working collaboratively with product development to reduce time to market and solve production problems. Becoming “one” with an expanded ecosystem of suppliers. The business challenges here are an increasing dependency on supply partners and determining how to maximize the value of those supplier relationships.

Procurement 149

Procurement Procurement team Innovation Suppliers 149

Procurement Tactics

DECEMBER 5, 2022

In the manufacturing industry, the concept of sourcing is to find suppliers that will help you meet your objectives and goals in terms of cost, quality, and deadlines. . The rapid growth in production needs has made manufacturing sourcing companies crucial for every business, especially multinational companies. Industrial suppliers.

Sourcing 182

Sourcing Quality Suppliers Price 182

Procurement Tactics

DECEMBER 6, 2022

Spend management aims to maximize value from company spending while lowering costs, mitigating financial risks, and enhancing supplier relationships. Spend management usually includes strategic procurement processes such as category management, supplier management, inventory management, and product development. .

Spend management 172

Spend management Management Real-time Visibility Budget 172

Supply Chain Opz

JANUARY 7, 2013

Everything about Apple Inc is the talk of the town, for example, the new Ipad, Iphone, Apple Map or even the environmental and labor issues at its suppliers facilities. To the best of my knowledge, many business schools still use the case study " Apple Computers Supplier Hubs: A Tale of Three Cities " from Stanford University (1996).

Supply Chain Efficiency 111

Supply Chain Efficiency supply chain software solutions Supply Chain Optimization Supply chain 111

World of Procurement blog

MAY 23, 2024

Supplier consolidation refers to the strategy of reducing the total number of suppliers that a company deals with and instead focusing procurement spending on a select few preferred suppliers. Having strategic partnerships allows suppliers to lower prices. Look for suppliers with the best pricing structures.

Supplier consolidation 52

Supplier consolidation Suppliers Supply Chain Efficiency supply chain budgeting 52

Jaggaer

OCTOBER 24, 2024

9 Steps to Improving Supplier Collaboration for Competitive Advantage The strategic value of suppliers has been growing, and so has the need to rely on their performance and partnership. Supplier collaboration serves as the foundation for supply continuity, agility, risk management, and resilience when disruptions occur.

Collaboration 52

Collaboration Supply Chain Efficiency Suppliers Agile and Lean Supply Chain 52

SCMDOJO

JANUARY 30, 2023

Additionally, she was key in implementing lean manufacturing principles and practices, leading initiatives to improve sustainability and building strong relationships with suppliers.

Agile and Lean Supply Chain 130

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

ivalua

JANUARY 20, 2016

Such change is pushing manufacturers (and their solution providers) to reinvent nearly every aspect of their businesses from demand sensing to the plant floor, logistics, sourcing, supplier management, and financial management. Analytics needs to serve as your primary compass for product development and how you bring your products to market.

Collaboration 100

Collaboration Risk management Risk Suppliers 100

Procurement Templates

JUNE 18, 2023

Here are some strategies and practices that can be implemented: Long-term contracts: Procurement teams can negotiate long-term contracts with suppliers that include price adjustment mechanisms. Supplier diversification: Relying on a single supplier can increase vulnerability to price fluctuations.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

Procurement Heads

JUNE 20, 2023

So, while we as a company have robust tools in place, not all of our suppliers are equally positioned. Do we have suppliers approved? Or do we run the risk that we will lose capable innovative suppliers from the defence industrial base, which is to me very concerning. They are small, disadvantaged, diverse businesses.

Supply Chain Efficiency 244

Supply Chain Efficiency Supply chain Procurement Collaboration 244

ivalua

DECEMBER 5, 2019

As the pressure to innovate increases, procurement professionals need to be able to quickly identify areas for innovation and effectively engage internal stakeholders and suppliers on new product development. How to unlock the full potential of your supply chain by moving away from a cost-focused approach.

Collaboration 20

Collaboration Supply Chain Efficiency Innovation Supply chain 20

Supply Chain Opz

SEPTEMBER 14, 2013

In order to reduce lead-time, Quick Response (QR) strategy was developed and there are 2 core principles, namely, partnership between retailers and suppliers to improve the information sharing and the adoption of technologies such as EDI, UPC Code and point of sales data (POS). Fashion SCM 2.0

Supply chain management 91

Supply chain management Supply chain management Agile and Lean Supply Chain Supply chain 91

Supply Chain Opz

AUGUST 28, 2013

It goes without saying that Apple Inc is famous for its strengths in the product design, product development, branding and marketing strategy. 1) Customer comes first, cost cutting comes second : the philosophy of product development at Apple is to build "insanely great" products that customer wants to buy.

supply chain software solutions 111

supply chain software solutions Supply chain Supply chain management Supply chain management 111

Empowering CPO

JUNE 27, 2023

This transformative practice enables organizations to delve deep into their purchasing data, gaining invaluable insights that can revolutionize their supplier relationship management (SRM) strategies. SRM encompasses various activities, including supplier selection, performance evaluation, contract negotiation, and collaborative innovation.

Supplier relationship management 52

Supplier relationship management Suppliers Management Negotiation 52

Una

FEBRUARY 20, 2023

Traditional means of creating value include things like managing contracts with preferred suppliers , controlling maverick spend, and minimizing warehouse costs. Negotiate better contract terms with suppliers One of the most impactful ways to drive immediate savings is to renegotiate pricing and other contractual terms with suppliers.

Procurement strategies 98

Procurement strategies Strategy Procurement Agile and Lean Supply Chain 98

Supply Chain Opz

MARCH 31, 2015

Modern purchasing executives take part in value creating initiatives such as performance improve program, cost reduction program and new product development program. Now companies of all sizes realize how purchasing can help creating competitive advantage. Raudabaugh, Robert Kromoser, Michael F.

Purchasing 111

Purchasing supply chain budgeting Price negotiations Supply chain management 111

Zycus Cognitive Procurement

JANUARY 31, 2023

As businesses strive to remain competitive in times of economic uncertainty, there is an increased need for effective supplier relationship management. A strong collaboration between the purchaser and suppliers can result in lower costs and better quality products, while driving innovation.

Supplier relationship management 40

Supplier relationship management Suppliers Management Supply Chain Efficiency 40

Supply Chain Opz

JANUARY 3, 2017

8:30: Check the e-mails from overseas suppliers Overseas outsourcing is one of the most important cost saving method and it's here to stay. Since suppliers can be located anywhere in the world, time difference can be the problem. Then, the volume of e-mail can be huge. So a short lunch break or "read while you eat" is quite common.

Supply chain management 75

Supply chain management Supply chain management Supply chain Management 75

Spend Matters

OCTOBER 1, 2024

Innovation and collaboration with customers were major themes, with future developments like ‘co-pilots’ being explored to enhance compliance, supplier management, data insights and more. He also advocated for keeping customer value central in product development and engineering.

e2e 111

e2e Innovation Data Quality 111

Supply Chain Opz

JANUARY 19, 2015

Involve suppliers early in new product (or service) development initiatives Supplier can be an invaluable source of ideas and knowledge, especially as it pertains to the materials or services you are sourcing from them. Involving suppliers early in new product (or service) development initiatives is thus crucial.

Strategic sourcing 56

Strategic sourcing Strategic sourcing Sourcing Product development 56

Jaggaer

APRIL 18, 2019

Leverage supplier relationship management (SRM). Relationships between procurement and its suppliers must become much more strategic. ?Procurement Procurement needs to make it a priority to automate and streamline supplier onboarding with digital tools. It must also automate less strategic activities.

Procurement 78

Procurement Supplier relationship management Eprocurement Risk management 78

Supply Chain Game Changer

JULY 23, 2020

They diversify supplier bases to reduce risk, provide massive cost savings, allow companies to quickly offer new products, and find sources of innovation through closer supplier collaboration. In today’s environment, Supply Chain is the vanguard of profitability and brand.

Supply chain 104

Supply chain Leadership Supply Logistics 104

Supply Chain Opz

JUNE 1, 2014

Manufacturing systems and regulatory compliance are considered to be very complex, coupled with the limited number suppliers due to the high barriers to entry. Moreover, the aircraft manufacturers have to do whatever it takes to win the order long before the commencement of production. Zara is very famous for its time based strategy.

Agile and Lean Supply Chain 95

Agile and Lean Supply Chain supply chain software solutions supply chain budgeting Supply chain 95

SCMDOJO

DECEMBER 14, 2023

Innovation and Product Development: Reduced lead times can facilitate faster innovation and time-to-market for new products. Businesses can stay ahead of the competition by bringing new and improved products to market more quickly. Suppliers can anticipate demand and reduce replenishment times.

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization Real-time Visibility 98

IBM Supply Chain Blog

FEBRUARY 19, 2024

It includes everything from product development and strategic decision-making to information systems and new technologies. Supply chain disruptions are caused by a variety of factors, from pandemics, natural disasters and political instability to supplier bankruptcy and IT failures.

supply chain software solutions 81

supply chain software solutions Supply chain management Supply chain management Supply Chain Efficiency 81

Una

JULY 5, 2022

We’re equipped to help our member organizations find comprehensive savings solutions, access a diverse supplier portfolio (with contracts that have built-in price protections), and deliver unparalleled service to ensure business continuity in times of uncertainty. Ensuring business continuity and protecting against inflation.

Purchasing 69

Purchasing Contract Price Supply chain 69

SCMDOJO

MARCH 19, 2024

Informed Decision-Making: LCI enables informed decisions in product development and material selection, aligning choices with sustainability goals, leading to cost savings and improved brand reputation. LCI analysis helps businesses make informed decisions for product development and design.

Inventory 98

Inventory Sustainability Raw materials Supply Chain Optimization 98

Spend Matters

OCTOBER 17, 2023

The progression of existing macroeconomic trends, combined with the proliferation of new technologies such as generative AI, have forced software providers to make crucial product development and resource allocation decisions.

supply chain software solutions 121

supply chain software solutions Innovation Supply Chain Efficiency Procurement 121

SCMDOJO

DECEMBER 28, 2023

This report highlights that 97% of respondents anticipate AI impacting product development and manufacturing. #2 5 Cloud-Based Solutions Around 78% of respondents , companies like yours, are currently evaluating technology solutions to enhance operational efficiency for new product development.

Supply Chain Efficiency 98

Supply Chain Efficiency Agile and Lean Supply Chain supply chain software solutions Supply Chain Optimization 98