article thumbnail

Predictive Procurement: Overcoming Challenges in Health and Pharma

Arkestro

To address supplier challenges, you must ensure your preferred providers can meet your changing needs and that you have a diverse supply base. Supply Chain Visibility. Supply chain visibility is another critical issue. Predictive Procurement Supports Supply Chain Resilience and Visibility.

article thumbnail

Why Predictive Procurement in Health and Pharma is the Future

Arkestro

From April 2021’s “ A New Paradigm For Procurement ”: “As enterprises increasingly depend on an expanding and evolving supplier ecosystem, better optimization of strategic planning and procurement is paramount. The pharma industry was required to ramp up the production and distribution of vaccines and medical supplies as quickly as possible.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Rivian: Navigating Supply Chain and Operational Challenges and Embracing Growth

SCMDOJO

Since its initial public offering in November 2021, Rivian has secured more than US$13.5 In late 2021, Rivian commenced deliveries of its R1T pickup truck. Early Success and Setbacks Rivian experienced a rapid rise in market capitalization following its listing in 2021, surpassing major automakers like Ford and Volkswagen.

article thumbnail

Ivalua Launches Innovations to Improve Supply Chain Resilience and Employee Productivity

ivalua

Redwood City, CA – Feb 24, 2021 – Ivalua , a global leader in Cloud Spend Management solutions , today announced the general availability of its new platform release 168. Collaborative Authoring: Collaboration internally and with suppliers within a contract helps improve efficiency and visibility throughout the process. Media Contact.

article thumbnail

Building resilient healthcare supply chains

IBM Supply Chain Blog

Various studies show that nurses in medical/surgical inpatient units typically spend up to 2 hours of their shift performing supply-related tasks. million units recalled in 2021. The good news is, it’s possible to alleviate these perilous pain points by building healthcare supply chain resilience.

article thumbnail

The Resilient Supply Chain! Passing Fad or Long Term Strategy?

Supply Chain Game Changer

Just saying you want to have a resilient Supply Chain doesn’t accomplish anything. According to mixmov.io , “Supply chain resilience is a supply chain’s ability to be prepared for unexpected risk events. Stuff happens, and it happens all the time.