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Aligning Finance and Procurement to improve expense management for financial forecasting and control — Phase 3: Structuring the collaboration

Spend Matters

Approved spending does not show up in time for forecasting. Source: The Hackett Group 2023 Travel and Expense policy poll According to The Hackett Group’s 2023 Travel and Expense Policy Poll, the most common reimbursement frequency is daily (39%), followed closely by weekly (38%), which shows that many companies aim to pay employees quickly.

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Healthcare: Shortages, Tariffs, and Tech

Supply Chain Brain

A System Under Strain The fragility of the medication supply chain isn’t theoretical; it’s happening in real time. billion in clinics in 2023, with continued increases projected. Automation fed by real-world data can streamline operations, eliminate redundancy and accelerate response times.

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The Overlooked Three Benefits Of ProcureTech Success In The Cosemetics Industry

Procurement Insights

“ The Forgotten Three A successful ProcureTech implementation can significantly influence product quality, supplier delivery performance, and full-time equivalents (FTEs) in indirect procurement by enhancing efficiency, visibility, and collaboration across the supply chain. Real-time data and AI (e.g.,

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Ways to Reduce Supply Chain Lead Times!

Supply Chain Game Changer

Long lead times often lead to frustration, making a customer less likely to buy from you next time. However, the great news is that you can improve lead times by making a few strategic changes. Below are a few other ways to help you reduce lead times. This can damage your reputation and reduce sales.

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The New Tech Toolbelt: Digital Twins, IoT, Cobots, & More

Speaker: Cory Skinner, Founder and CEO of FactR

From limited visibility and a lack of real-time data to a lack of agility and responsiveness to changing market conditions, there's no shortage of difficulties that today's supply chain professionals can encounter. May 9th, 2023 at 9:30 am PDT, 12:30 pm EDT, 5:30 pm BST Register now!

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The power orchestration play: Supplier management

Spend Matters

With better visibility and stakeholder alignment, procurement can manage requests more efficiently, reducing risk and boosting resilience. From there, workflows adapt in real time. Supplier onboarding cycle times often exceeded 20 days, and data stewards spent weeks on research per request. AI suggests actions.

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How Supply Chain Innovation Propels Startups to Unicorn Status!

Supply Chain Game Changer

Predictive analytics – AI and machine learning improve demand forecasting for optimal inventory and production levels. Dynamic routing – Real-time route optimization reduces last-mile delivery costs. Computer vision – AI-powered camera systems track inventory, enabling real-time monitoring.

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Return to Success: Streamlining Returns in the Supply Chain for Enhanced Efficiency

Speaker: Cathy Morrow Roberson, Research Manager for the Reverse Logistics Association

Businesses need to leverage advanced tracking systems and data analytics to identify bottlenecks and improve supply chain visibility. In today's competitive business landscape, providing a seamless return experience and maintaining an efficient supply chain are critical to customer satisfaction and loyalty.