Tagged Content: L2

Manufacturing Buyers Look to Expand Supply Base in 2016

manufacturing A majority of manufacturing sourcing professionals expect to increase or maintain their supply base this year, with buyers looking to source goods from new areas around the world. Nearly 40% of manufacturing buyers surveyed for the latest MFGWatch 2016 report expect to grow their supply base in 2016. Thirty-seven percent said they will maintain their current supply base. The MFGWatch report, which identifies trends and issues in the U.S. manufacturing industry, showed manufacturers are generally optimistic about the year ahead and expect their firms to grow in 2016.

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How Millennials Are Driving Technology Adoption

on-demand workforce One of the most well-known characteristics of millennials is how comfortable they are with technology. Their ability to use, apply and understand different technologies quickly often sets them apart from other generations in the workforce. Their demand for up-to-date technology is putting pressure on companies to change or update certain business processes and will likely encourage many organizations to adopt advanced technology solutions and improve efficiency and collaboration in the workplace.

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Manufacturers Investing in Automation Due to Supply Chain Pressures

manufacturing Global supply chains are becoming increasingly “digitized,” as companies improve business processes and operate more efficiently using new technologies. Suppliers are investing in more advanced technologies and buying organizations are implementing more advanced solutions to procure goods and services. Manufacturers, specifically, are feeling the impacts of the growing digital world. A recent survey of manufacturers by the MAPI Foundation shows supply chain pressures are driving automation activity in the manufacturing industry.

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The Rise of the Platform is Procurement’s Future

- June 23, 2016 8:12 AM | Categories: Procurement Strategy & Planning, Technology

platform Many of us here at Spend Matters are getting sick and tired of hearing “platform-this” and “platform-that.” We’re sure you are, too. Part of the problems is just semantics. In reality, many "platforms" aren't really platforms at all. As recently pointed out by Andrew Karpie, lots of tech vendors just label their solutions as “platforms” for marketing purposes. This begs two questions: What really is a platform, and why are software companies pulling the proverbial wool over eyes?

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Toyota Material Handling Talks Digital Transformation

forklift Last week at the SAP Manufacturing Industries Forum in Lombard, Illinois, we got a glimpse into how Toyota Material Handling North America is helping its customers with information about the equipment they use and how TMHNA manages all of that collected user information using SAP's Hana database management system.

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Software at the Core of Digital Design: Design-Centered Procurement (Part 3)

procurement technology In our last installment of this series on design-centered procurement, we discussed the importance of good design in products, the design of the supporting supply chain and the design of the supply management function. We used the example of a car design and contrasted the good design of a Tesla compared with the design of the ill-fated Pontiac Aztek. But consider replacing the word “car” with “procurement system.” Traditional software development for procurement applications (or any packaged applications software, for that matter) looks uncannily like that of the Pontiac Aztek. “Feature 500” lists are developed that not only address incremental customer functionality requirements but also throw in new “bells and whistles” designed to keep up with the competitors’ software features, and the preferences of IT industry analysts who put providers on simplistic 2x2 quadrants. Yet the software itself doesn't necessarily align to the procurement outcome of driving business value from better supply management (and demand management as part of this). Why? Here are the biggest issues that we see and how to address them.

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PSF Launches Podcast Highlighting Innovators in Public Sector Procurement

- June 20, 2016 8:12 AM | Categories: Innovation, Procurement, Public Sector

webinar Our sister site Public Spend Forum recently launched its new Public Impact Podcast, which shares stories of professionals and suppliers innovating and making an impact in the public procurement space. As Raj Sharma, co-founder and chairman of the board at PSF, explained, the goal of the podcast is to “really bring those stories to light so we can see how each one of us can do the same and have a major impact of how we solve problems.”

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Companies Increasingly Dedicating Sustainability Resources to Supply Chain Functions

- June 17, 2016 8:12 AM | Categories: CSR, Supply Chain, Supply Chain Management, Sustainability

Upwork Pro Companies are increasingly embedding sustainability resources into their supply chain organizations. The latest State of the Profession report from GreenBiz, which examines how the role of sustainability executives has evolved over the years, shows a growth in supply chain sustainability efforts. In 2014, the number of companies dedicating sustainability resources to supply chain efforts grew 10%, according to GreenBiz research. In 2015, that number jumped to 26%, showing significant growth in the last two years.

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Empathy, Context and Customer Management: Design-Centered Procurement (Part 2)

tesla In Part 1 of this series, we introduced the idea of design-centered procurement and how procurement needs to put is “users” (stakeholders) at the core of what it does. The heart of good design isn’t just about aesthetics, but about solving a problem — or lots of problems at once. Those problems are very situational, but there can be many common problems as well. The trick is to tease out the problems that are situational to the environment versus dispositional regarding the person experiencing the problem.

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Figuring Out How to Use Data in Your Supply Chain? Work Backward

big data Supply chain and procurement organizations are aware of the benefits data analytics can provide, but recent research has shown most companies lack a clear strategy on applying the data to make better business decisions. Often, organizations are bogged down in deciding exactly how and where to use supply chain data and how exactly it will provide value for the organization.

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Design-Centered Thinking and Innovation in Procurement — An Introduction

- June 14, 2016 9:00 AM | Categories: Innovation, Technology

design thinking In the 1980s, GM learned a difficult lesson about technology when it copied Japanese auto manufacturers in their use of robotics — but didn’t copy anything else. GM figured that large capital investments in expensive technology were the key design element in the Japanese supply chain. Unfortunately, the technology itself was complicated and was not used within the context of a broader supply chain design that emphasized lean manufacturing principles.

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CrowdFlower Receives $10M to Advance New AI/Machine Learning Direction

AI CrowdFlower, a well-known microtask crowdsourcing business founded in 2007, announced this week that it had raised $10 million in a Series D round. That brings the total funding for the company to $37 million. The round was led by Microsoft Ventures, with Canvas Ventures and Trinity Ventures in tow. The investment will primarily be used to advance the new CrowdFlower solution offering called “CrowdFlower AI,” which provides CrowdFlower’s customers the ability of to economically utilize artificial intelligence (AI) and machine learning.

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