Tealbook founder Stephany LaPierre explains why a ‘data brain’ is needed to collect and analyze the necessary data for efficient procurement operations.
Wednesday, June 12, 2024 · Bishwajit Kumar and Pablo Barros Gomez
Implementing a procurement control tower provides advanced insights to the sponsor company, bringing end-to-end visibility, enhanced exception management, improved decision-making, improved risk management, cost savings, and more, an MIT CTL capstone research project found.
Bringing production and sourcing back to the United States or to a country in close proximity have always been goals for companies that want to gain better control over their supply chains. But for procurement leaders, it adds complexity.
The May Services PMI, at 53.8 (a reading of 50 or higher signals growth), was up 4.4% over April’s 49.4, which marked the first time the Services PMI contracted since December 2022, when it came in at 49 and prior to that the last month seeing contraction was in May 2020,…
Tuesday, June 4, 2024 · Etosha Thurman and Stephanie LeRoy
By implementing digital solutions, Cirque du Soleil has embraced a more agile and efficient approach to procurement, positioning itself for a bright future with long-term growth.
Monday, May 20, 2024 · Bob Wooten, C.P.M., CEP; Mark Trowbridge, CPSM, C.P.M. MCIPS; and Claudette Calder, MBA, CPSM
Electricity and natural gas costs are major factors in the profitability of companies in all industries, but especially in key parts of the supply chain. There are strategies to better control these costs.
Sunday, May 19, 2024 · Bob Wooten, C.P.M., CEP; Mark Trowbridge, CPSM, C.P.M. MCIPS; and Claudette Calder, MBA, CPSM
Electricity and natural gas costs are major factors in the profitability of companies in all industries, but especially in key parts of the supply chain. There are strategies to better control these costs.
Procurement is transforming. Gone are the days of blindly spending with single suppliers, replaced by a complex network of diverse global suppliers. Gone are the days of procurement leaders “that just know what to do,” replaced by workers leveraging technology to fill in…
Sunday, May 19, 2024 · Marisa Brown, senior principal research lead, supply chain, APQC
Supply chain organizations are always looking for greater visibility into spending. Leaders are dedicating additional resources to spend management, which seeks to answer several questions related to spend analysis.
The COVID-19 pandemic highlighted the need for special short-term planning teams to supplement an S&OP team. An S&OP team is always vital to managing the rudder for navigational purposes. However, Quick Response and supply-in-mind planning specialists need to help out…
As was the case in its previous edition in December, the manufacturing and services sectors remain on diverging paths, to a certain extent, in May. One common theme the sectors share, according to the Institute for Supply Management’s (ISM) May 2024 Semiannual Economic…
Supply chain disruption scenario planning continues to remain robust, but there is some fatigue settling in as fewer organizations are making it a priority.
The Services PMI, at 49.4 (a reading of 50 or higher signals growth) fell 2.0%. The last time the index contracted was in December 2022, when it came in at 49 and prior to that the last month seeing contraction was in May 2020, when it came in at 45.4.
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