Supply chain News and trends

Data, insights, visibility and the ability to respond quickly are key to gaining a competitive edge, according to speakers at Digital Procurement World.

When it comes to dealing with global supply chain challenges, having data, insights and visibility to be able to react more quickly are helping companies gain a competitive edge, according to speakers during a session on the power of intelligence at the first day of Digital Procurement World in Amsterdam on Wednesday.

Via EcoVadis

Credibility and visibility in the procurement process are no easy feats. Challenges abound, and no CPG company wants to see their brand’s name in the newspaper because their supplier has done something wrong. 

This was the motivation behind cheese-manufacturing company Bel Brands USA’s decision to align with automated sourcing platform Bid Ops, Jean-Michel dos Remedios, head of procurement, sourcing, and supplier development at Bel Brands, tells CGT. 

Bel Brands USA — maker of cheeses Babybel, The Laughing Cow, Boursin, and more — was looking to solve a major problem. With $285 million in direct and indirect material spend across 3,500 suppliers, they wanted to cut costs and increase their sourcing efficiency, which was getting too difficult to manage.

“We started to use Bid Ops as a resourcing tool to go faster on refuse and reuse, and sourcing events,” says dos Remedios, who did not see the value in previous sourcing investments due to their lack of visibility.

Via EcoVadis

As the call for sustainability intensifies across the entire stakeholder spectrum, ESG compliance in the procurement function is quickly becoming the standard, and value creation the new competitive advantage. But how can corporate supply chains create social and environmental impact? One clear answer is through social procurement.

Via EcoVadis

  Kaizen is a Japanese word meaning good change. Change in a dynamic business environment has become an accepted norm. Organizations must adapt or lose relevancy. The concept of kaizen has been adopted within the information technology industry as part of core management practices. In business terms, kaizen has been defined as continuous incremental change.…

Via Steven Bonacorsi

Dedicado a divulgar los mejores conocimientos y prácticas de administración de las organizaciones y empresas.

Via Manuel Gross

An “action staircase” of procurement practices has been identified to help organisations improvement sustainability credentials.

The staircase was drawn from the results of a survey by the MIT Centre for Transportation and Logistics, which ranked the results from most common to a “peak” of the most rare, to provide a clear journey for procurement teams.

The report said there was an increasing gap between companies’ investments in supply chain sustainability and their stated goals, despite intensifying pressure from investors and corporate buyers to improve sustainability.

“At the bottom of the staircase are the practices most commonly implemented, and at the top are those least so,” the report said. “In general, anyone looking to assess their next supply chain sustainability investment can look at which stair they find themselves on now to see what typically comes next – or which earlier steps their organisation may have overlooked.

“Interestingly, all paths lead upward and are mostly convergent… The ‘peak’ includes initiatives and technologies most firms as yet consider aspirational or those only on the radar of firms that are particularly aggressive about their supply chain sustainability efforts.”

Via EcoVadis

With regulators, investors and customers demanding cleaner business processes, companies understand the need to improve, but can find it daunting to start measuring all the ways they emit carbon. Organizations must understand Scope 1, 2 & 3 emissions, address ESG issues (environmental, social, governance) and get to grips with terms like “carbon-neutral” or “net-zero” and how they apply to their business operations and strategic objectives.

Via EcoVadis

Supply chain sustainability efforts are leaving out the procurement function. These efforts won’t succeed unless the procurement function becomes central.

Via EcoVadis

Por Sergio Sánchez Dentro del mundo de las negociaciones hay un concepto muy de moda: el win win (o ganar ganar). Realmente no es que sea una idea que haya surgido hace poco, lleva toda la vida en …

Want to improve your negotiation skills? Selin Kesebir, Assistant Professor of Organisational Behaviour at London Business School, offers her seven top books

Via David Hain

Negociar lo imposible II. El poder de diseñar el proceso adecuado

Via Manuel Gross

Dedicado a divulgar los mejores conocimientos y prácticas de administración de las organizaciones y empresas.

Via Ramon Aragon