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SupplyChain Strategies: What the Pandemic Has Taught Us So Far? In a blog at the very start of the COVID-19 outbreak when confirmed cases had just exceeded 40,000, we discussed the considerations for organizations facing the outbreak. SupplyChain Risk Management on the World Stage – Lessons Learned.
Ivalua Blog [ivory-search] Weathering Future Disruptions: 8 Steps to Building SupplyChain Resilience February 8, 2023 | | Manufacturing by Doug Keeley In the face of an unprecedented global crisis, Procurement stepped up to become a crucial driving force for business continuity. Work to achieve 100% supplychain visibility.
As a procurement professional it is paramount that “we” are aware of the conduct of our suppliers within all tiers of our supplychain. Any supplier within our chain should be performing positively in relation to these areas if they wish to remain on an approved supplier database.
In this blog, we’ll explore key best practices and show how leveraging group/cooperative purchasing can help you master the art of strategic sourcing. Your procurement strategy should outline short-term and long-term goals, identify potential risks, and focus on building strong supplier relationships.
A review of the key elements in supplier management for manufacturers and how Source-to-Pay procurement technology can support the journey towards supplychain resilience and agility in times of crisis. As the COVID-19 pandemic disrupts global supplychains, procurement organizations around the world are scrambling to react.
A new element of the NPPS, as compared with previous versions, is the focus on ensuring suppliers uphold the highest standards of integrity, ethical conduct and environmental sustainability in business. This aligns with the stronger sanctions in the Act relating to performance, exclusions, and debarment.
In order to evaluate whether suppliers offers are giving a business the optimum value, benchmarking is required. When thinking about benchmarking the most common area that is reviewed is price, but as we know (and as mentioned in previous blogs) price is not the sole factor. Contact us to learn more and enrol today!
For the Government, supplier diversity programs are something procurement professionals in the United States (US) have accepted as a key element to their procurement success. Since their inception more than 50 years ago, supplier diversity programs have spread beyond public procurements. Supplier Diversity on the World Stage.
For manufacturers, key functions such as sourcing and supplier management have become more challenging as the result of increasing supplychain complexity. One area that manufacturers need to focus on is improving supplychain visibility. Visibility all the way up the supplychain.
As the COVID-19 pandemic disrupts global supplychains, procurement organizations around the world are scrambling to react. There are many supplychain management lessons to learn from the Covid-19 crisis. Supplier Data Quality & Management in Decision Making. Some of these challenges include limited: .
The subject of the hearing was “Safeguarding the Federal Software SupplyChain.” Thank you for the opportunity to appear before you to address the federal software supplychain. They include commercial software firms, cloud providers, systems integrators, and IT hardware suppliers.
Supplier diversity programs are something many procurement professionals in the United States (U.S.) But since its inception more than 50 years ago, supplier diversity programs have spread beyond public procurements and now many privately held U.S. businesses proudly maintain robust supplier diversity programs.
One way of doing this is by leveraging Source-to-Pay (S2P) solutions, which can provide procurement with the tools needed to manage their supplier relationships and identify opportunities for cost savings. Let’s explore further.
P rocurement, a critical component of supplychain management, is transforming, driven by the expertise of certified procurement professionals. The impact of such training is significant, leading to more streamlined procurement processes and better decision-making in supplychain management.
Among these practices are supplier identification through sourcing, relationship management, and reporting. In our survey, Heads of Procurement ranked supplychain fair labor practices (68% of respondents) and preventing bribery and corruption (52%) as a high priority in their CSR endeavors.
Amazon Web Services (AWS) is supporting the Government of Pará, Brazil, in designing and deploying SeloVerde (Green Seal) , a cutting-edge tool to address climate change challenges and traceability in deforestation-risk supplychains. Architectural diagram of the solution described in this blog. SeloVerde 2.1 How SeloVerde 2.1
SupplyChain Due Diligence (“SCDD”) laws, such as the German Lieferkettensorgfaltsgesetz , the recently approved EU Corporate Sustainability Due Diligence Directive , or the U.S. As an advocate for such laws, I recognise the urgent need to make supplychains fairer and more ethical.
The post Unwrapping the Secrets of Santa’s SupplyChain appeared first on Art of Procurement. Everyone is busy this time of year, but let me tell you – you haven’t seen anything until you’ve survived.
As we have already seen in a former blog , enterprises often fail at maximizing the value of collaborating with smaller companies. Convinced that their sizes and brands will attract suppliers anyway, they entrench themselves behind the gates of rigid procurement processes. In fact, they ask suppliers to assess Procurement too.
Blog » Procurement on the Thames: Ivalua’s London Summer Symposium June 26, 2023 | | Thought Leadership by Eloise Barnum As businesses navigate through supplychain disruptions, high inflation, and sustainability initiatives, procurement, and supplier management has taken center stage in driving change.
In my last blog post, “ Will your supplychain lead in the next decade? ,” I talked about Gartner’s first-day focus at their SupplyChain Executive Summit in Phoenix, Arizona. This is an especially important message for manufacturers’ supplychain organizations.
Procurement and supplychain teams will play a crucial role in making this vision a reality. In this blog post, we will explore how sustainable procurement practices can help organizations reduce greenhouse gas emissions and achieve their sustainability goals.
We’ve completed over 250 deep dive assessments now of our suppliers, supplychains and institutional procurement teams and their internal stakeholders. We’ve seen conflict across the world, which affects our supplychains. Responsible procurement wise. We’ve seen massive political change.
Apple has long been known as a leader in supplychain management with Gartner consistently ranking them number one in its annual report identifying the Top 25 SupplyChain Leaders. The need to demand supplier transparency and responsibility. The impact that supplier decisions can have on your reputation.
Spend Matters recently published a story highlighting Auto News’ coverage of supplychain and procurement localization at Magna International. On the surface, local sourcing seems simple – work with local suppliers in the areas where you do business globally. To read this entire post, click here.
As I write this blog, the COVID-19 pandemic continues to ravage populations and economies around the world. The total costs, in terms of human lives, disrupted supplychains, ruined businesses and GDP impact, are still just projections in the array of charts presented daily by statisticians and data modelers.
getting involved early on in the New Product Introduction ( NPI) cycle to ensure suppliers risk is being properly evaluated in production capacity and quality. Software that is built for indirect spend will not function in critical areas such as breaking down bids and collaborating with suppliers at the bill of material level.
From the moment that manufacturers began outsourcing the making of parts and components that go into their products, supplier segmentation took on extreme importance. Suppliers were quickly categorized in many ways… by quality, performance, price, riskiness, and so on. What is ABC2 for supplier segmentation?
The term “supplier collaboration” can mean many things to many people depending on your functional perspective. Let’s examine three ways that better collaboration with supply partners creates value for a manufacturer from product design through demand planning. Innovating.
If this foundation does not exist or if it is shaky, then buyers don’t know how much the company is spending with a given supplier, let alone how they can improve the efficiency or impact of a given spend category. Direct spend suppliers are large, global, and absolutely critical to the company’s operations and their competitive advantage.
Effective procurement practices allow the establishment of a closed-loop circular supplychain that helps deliver more efficiency, from end-to-end and supports the formalisation of different services, including e-waste management, recycling, resource sharing, and supplier regulatory development.
Suppliers have never been more important. Driven by a desire by manufacturers to insulate themselves from spiraling labor costs, manufacturers shifted production of parts and components into the supplychain. Your suppliers can be a competitive advantage or a burden that keeps you from growing. Create a specific data map.
In last week’s blog , I began discussing telltale signs that you have entered the new age of strategic sourcing. This week’s signs deal with supplier relationships. You Have Imbedded a Cost Management Mindset into Every Supplier Relationship. You Appreciate the Real Impact of a Successful Supplier Diversity Program.
In part 1 of this blog I looked at how procurement can actually create new revenue opportunities. Unlocking Supplier-Led Innovation. Supplier-led innovation can help increase margins, accelerate time to market and differentiate products/services to capture market share. Ensuring SupplyChain Agility.
They build strong supplier relationships to deliver on-time, high quality products and meet capacity demands. If your strategic sourcing and supplychain initiatives suffer from a weak link in the supplychain, the product – and thus the customer experience – is negatively impacted.
That said, I concede that Pierre made some very good points about the confusion created by the traditional upstream/downstream, linear way of thinking about sourcing and supplier management. I’m going with Supplier Value Management. Let’s get busy working on Supplier Value Management.
North Carolina State Poole College of Management recently produced this 28 page report entitled “ 2019 SupplyChain Data Quality and Governance Study ”. The report contains some great illustrations of the current state of Data governance across the organizations that were surveyed, with a specific focus on the supplychain.
Which got me to thinking… If you are a manufacturer, what supplier management practices might you eliminate if you had a clean slate? Here are some to consider: Segmenting suppliers by spend – By segmenting on total spend, and only focusing on those who you are spending the most with, glaring gaps open up.
For those of you who are executives in SupplyChain, Procurement or New Product Introduction/Development, this is a must read. Challenges in this new manufacturer/supplier partnership Burton cites include: Risk management. Globalization. Burton predicts that China and Brazil will become hubs for global sourcing.
But one critical area remains in need of significant attention … the need for better supplier collaboration AND internal teamwork. Early collaboration among engineering, sourcing, and suppliers brings better ideas to the table in terms of product design, features, and costs. Suppliers are always looking to hide sources of cost.
This blog will answer these questions plus a few more. Having the complete source-to-pay journey within the Ivalua Platform will help our customers build stronger, reliable supplier relationships”, said David Khuat-Duy, Founder and CEO of Ivalua. All this is transparent across the payment journey, to the buyer and supplier.
Ahead of Scot Climate Week 2023 , we welcome a guest blog from the Peatland ACTION project to tell us about the variety of supplychain opportunities and wider peatland restoration work. Our team will be ready to talk to businesses about the contracts and supplychain opportunities available through peatland restoration project.
Meet the Buyer 2024 Alongside headline partners, Scottish Government and Scotland Excel, over 55 exhibitors have already signed up to engage with suppliers on the day. Come along to meet with procurement teams, buyers and supplychains to learn about upcoming projects and tender opportunities across Scotland and the UK.
In August 2020 Gartner published this report “4 Tactics Procurement Can Use to Sustain Influence as Economic Conditions Improve” This blog summarizes the key points of the report which you can read in full, here. When Covid-19 hit, supplychains across the globe nearly came to a halt. Procurement Teams Step-up.
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