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Vendor Managed Inventory in Pharma Yet to Take Off

Suppliers of core raw materials like active ingredients are still reluctant to adopt VMI, due to low volume. However, many pharma companies have adopted VMI to manage non-critical raw materials such as packaging materials

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Signing a VMI Contract? Here is the checklist

Signing a VMI Contract? Here is the checklist.

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Inventory Count and Control Technique

Major retail and clothing companies adopt perpetual counting in addition to cycle counting to gain better visibility across supply chain, while aiming to cut down out-of-stock time. Perpetual inventory technique also helps in modelling demand-supply analytics.

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Industrial Vending Machines transforming VMI in MRO sector

Vendor Managed Inventory (VMI) has extended its scope to industrial vending machines (IVMs). IVMs have become the new favorites for MRO category managers across industries. IVMs can help reduce inventories and costs, improve supply chain efficiencies, and reduce administrative tasks around ordering, issuing and monitoring, and managing ordering levels.

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Previous editions of Procurement Espresso e-magazine

22 March, 2020

Beroe LiVE Survey: Companies face BCP Challenges as Coronavirus goes global

Amidst the great disruption to trade, business and normal way of life all across t..

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08 March, 2020

Interview: Responsible sourcing and risk management goes hand-in-hand

In an exclusive interview with Beroe, Laura Simmonds, the Head of Responsible..

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23 February, 2020

Coronavirus scare: China Goes into Pause Mode, Suppliers Remain Stoic

Over the past week or so, Beroe contacted over 100 suppliers in China, including n..

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09 February, 2020

Interview: “We created AI tools to identify optimal sourcing scenarios” – MTN Group CPO

In an Exclusive interview with Beroe, MTN Group Chief Procurement Officer (CPO) Di..

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26 January, 2020

Top Ten Supply Chain Trends -- 2020

In this guest post, NC State University’s Dr. Rob Handfield lays out top ten..

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12 January, 2020

Category Forecast - 2020

Beroe's Customer Success Leads -- in partnership with the research analysts --..

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15 December, 2019

Voice of Procurement

As 2019 draws to a close, here we present the top Interviews and External Contribu..

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01 December, 2019

Up In the Air: Tales of Travel

Procurement is mostly seen as a desk job. Not many know that sourcing managers tra..

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17 November, 2019

Interview: Tariffs are the new normal; Procurement to play key role in localization

Dr Rob Handfield, Professor of Supply Chain Management in NC State University, tel..

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03 November, 2019

Beroe Live Poll: Procurement Spend And Supplier Checks

We ran a poll among users of Beroe LiVE, a community of thousands of procurement d..

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20 October, 2019

Interview: “We are challenged by the government to improve efficiency”

Steven McLaughlin, NHS Scotland’s Head of Procurement, described to Beroe in..

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06 October, 2019

Procurement Beige Book OCT 2019

Log on to Beroe LiVE and visit interesting reads -> Special Reports section to ..

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22 September, 2019

Interview: Ability to Tell Data-based Stories will be a Key Asset

In an interview with Beroe, Michelle Baker, the Chief Procurement Officer (CPO) of..

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08 September, 2019

Interview: “We Support our Business Stakeholders like Internal Consultants”

In an interview with Beroe, Carlo Baus, Head of Global Strategic Sourcing at Bose ..

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18 August, 2019

Interview: Demand Management is Like Spending Your Own Money

In an Interview to Beroe’s Procurement Espresso, Jeremy Fry, a demand manage..

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04 August, 2019

Going Beyond Compliance to Drive Performance

In this exclusive article for Beroe’s Procurement Espresso, EcoVadis co-CEO ..

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21 July, 2019

CPO to CEO -- The Road Ahead

Tim Cook is arguably one of Procurement’s best ambassadors. Steve Jobs hired..

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07 July, 2019

What happens when assurance fails?

When suppliers lose the trust of the supply chains they depend on, it can have cat..

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03 July, 2019

Welcome To The IT Procurement Community

Interesting stories from IT Sourcing domain..

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23 June, 2019

The role of AI in Procurement

In the procurement vertical, AI is making a perceptible progress from being a deci..

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09 June, 2019

Interview: “I get to practice what I preach”

Kai Nowosel, the Chief Procurement Officer (CPO) of Accenture, talks about his jou..

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12 May, 2019

Interview: A Digital Tool for Better Supplier Negotiations

Lubos Libiak, head of procurement at MALL Group -- a leading e-commerce platform i..

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28 April, 2019

Procurement Strategies for Cookware –China vs India

Beroe recently interacted with SimPPLY, a spend analytics solutions provider based..

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28 March, 2019

Interview: UK businesses, not Parliament, bear the financial cost of Brexit

Brexit has been temporarily postponed. As things stand, it could happen either on ..

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03 March, 2019

Blue Blood Alternative

Horseshoe Crab’s blue colored blood is used to detect endotoxins in drug pro..

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17 February, 2019

Getting the most out of your suppliers via Innovation

Procurement Organizations have several options to induce Supplier Innovation. Appr..

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03 February, 2019

Emerging Cities for Sourcing Centers

Procurement Organizations make great efforts to find a suitable location for their..

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20 January, 2019

UCB CPO on Stakeholder Management

Procurement has long been blamed for not fully understanding the business needs , ..

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06 January, 2019

Category Forecast 2019

Log on to Beroe LiVE and visit Interesting Reads -> Special Reports section to ..

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02 December, 2018

Poll: Sourcing Managers Expect Annual Cost Savings of up to 5 percent

We ran a poll among users of Beroe LiVE, a community of thousands of Procurement d..

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18 November, 2018

Interview: Simplicity was the key to transform Facilities Management

Multinational consumer goods and tobacco company, Imperial Brands, had won the Sil..

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04 November, 2018

Specification Harmonization can help evaluate suppliers

We have observed that the desired savings are not being captured despite spend con..

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21 October, 2018

Robust supplier audit process is a must

Audits, by their nature, need to be carried out by independent bodies -- not influ..

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07 October, 2018

Supplier Compliance is ripe for tech disruption

While many service providers offer cloud-based technology, none so far offers an o..

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23 September, 2018

The Procurement Beige Book

The comprehensive report first of its kind - demonstrates whether the current cond..

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09 September, 2018

Interview: Bayer CPO on his team winning Best-in-Class Gold award

Beroe recently interacted with Bayer CPO Thomas Udesen after the pharma giant won ..

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26 August, 2018

Robust workflow architecture key to Spend Analysis exercise

Beroe recently interacted with SimPPLY, a spend analytics solutions provider based..

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12 August, 2018

Leaders’ Corner: Category Lifecycle Management in Five Steps

Thierry Fausten of Cranfield University School of Management writes that Category ..

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29 July, 2018

Beroe LiVE Poll: Expected cost savings for 2018

We ran a poll among users of Beroe LiVE, a community of thousands of Procurement d..

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15 July, 2018

DIGITALIZATION: EITHER ALL OR SOME

Selective technological interventions to address operational inefficiencies can al..

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01 July, 2018

IT’S NOT “US VS THEM”

It’s usually tough for business stakeholders to accept that someone else wou..

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17 June, 2018

Best-in-Class 50 (2018 Edition)

Companies that do well on the procurement front also tend to create more value for..

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03 June, 2018

Extend payment terms without hurting suppliers

If planned well, a firm’s supply chain can act as a source of inexpensive ca..

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20 May, 2018

Six Steps to transform Capex Procurement

Capital expenditure (Capex) has always been on top of every CFO’s agenda. Ho..

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06 May, 2018

Beroe LiVE Poll: Center-led model gaining traction

The differences between the operating models are often more nuanced than one might..

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22 April, 2018

Battery Shock: the brewing battle for Nickel Supplies

With the growth of electric vehicles, supply shortage is expected in the Class 1 N..

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08 April, 2018

Consulting Cost: Demystified

Globally, companies on an average spend more than $250 billion on management.

..

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18 March, 2018

Procurement’s Billion Dollar Impact

Patient Recruitment and Retention is an important step in the drug discovery proce..

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18 February, 2018

Key Role In Reducing Green House Gas Emissions

Amidst all debate around climate change, if one were to ask whether procurement or..

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04 February, 2018

Sourcing In The Age Of Distraction

As their profile rises, Procurement managers would find it tough to manage the sur..

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21 January, 2018

Special Reports - The Procurement Beige Book (Q4 2017)

The comprehensive report first of its kind - demonstrates whether the current conditi..

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07 January, 2018

2018 : Procurement Categories Forecast

As procurement organizations become more strategic, the power of market information w..

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03 December, 2017

Procurement: Glass Ceiling Cracked, Not Broken

Although women comprise 37 percent of the managerial cadre across procurement orga..

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19 November, 2017

Shop Online For Services Through E-catalogs

Catalog buying is becoming popular for high volume services, which cuts down the t..

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05 November, 2017

Key Role In Reducing Green House Gas Emissions

Amidst all debate around climate change, if one were to ask whether procurement or..

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22 October, 2017

Tequila How To Spot A Coming Crisis?

Agave, the feedstock used to make the famed Tequila drink, is in short supply sinc..

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09 October, 2017

Zen And The Art Of Supplier Management

According to a recent survey, 70 percent of suppliers said that a majority of thei..

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24 September, 2017

Procurement’s Halal Problem

As there is no single global standard, Halal compliance and supplier selection can em..

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03 September, 2017

The Procurement Beige Book (Q3 2017)

The comprehensive report first of its kind - demonstrates whether the current conditi..

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20 August, 2017

Battery Shock - The chase for lithium

Thanks to explosive growth of electric vehicles and other gadgets, the share of ba..

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06 August, 2017

Know Thy Washing Machine

The quirky tale of washing styles and sourcing impact.

..

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23 July, 2017

Is procurement ready for Big Data Analytics?

While most companies believe in the impact of big data analytics in their supply c..

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06 July, 2017

Gen Z And Procurement: Made For Each Other

They are willing to commit to a cause in exchange for a satisfying employee experi..

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