Let's Talk Supply Chain

JUNE 5, 2023

Today I’m joined by Logward , an exciting tech brand with a vision of a future where supply chain departments lead the transformation of their industries, instead of simply transporting it. 41.10] What does and doesn’t work when it comes to digitizing supply chains in the real world. You avoid that by listening properly.”

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Procurement Tactics

JUNE 28, 2023

In this article, we are going to explore what procurement tracking is, its importance in business and the tools to be used when conducting it for its efficient execution. It allows businesses to track and improve their procurement activities and have a transparent outlook of their procurement process. What is Procurement Tracking?

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ivalua

FEBRUARY 10, 2023

It also has an impact on procurement teams as they are responsible for managing supplier relationships, identifying opportunities for cost savings, and ensuring that goods and services are delivered on time and within budget. Doug has a B.S.

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IBM Supply Chain Blog

JULY 26, 2023

Zero-Based Budgeting (ZBB) is like solving a financial puzzle. Instead of relying on the previous year’s budget, ZBB requires you to evaluate and justify every expense from the ground up, justifying its necessity and alignment with strategic goals. Learn more about IBM Planning Analytics What is Zero-Based Budgeting?

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Arkestro

JUNE 20, 2023

Research-backed procurement strategies can help CFOs achieve their goals while minimizing risk exposure across global supply chains. This blog will cover the current challenges facing CFOs and procurement teams and several strategies that can be implemented to drive cost savings and increase efficiency.

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Procurement Software

MARCH 11, 2022

And yet, poor operational efficiency in Procurement means that the typical Category Manager often spends at least a THIRD of their time performing “busy work” This is not an effective or efficient use of their time. Sustainability initiatives within the supply chain. Reductions in energy or material consumption.

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Procurement Tactics

MARCH 16, 2023

It aims to ensure that the goods and services that the business needs are delivered on time and purchased within the budget. In the midst of the pandemic, those companies that had the right strategic procurement processes and technologies in place were able to lower the risks and stay proactive, agile, and profitable.

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ivalua

JANUARY 31, 2022

Enterprises will continue to undergo the financial burden of revenue disruptions, consumer , and uncontrolled supply chain variables. . As operating budgets tighten, restrictive spending will pressure businesses to focus on savings and creative alternatives. . The Criticality of the Supply Chain (and Suppliers).

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Procurement Software

MARCH 11, 2022

And yet, poor operational efficiency in Procurement means that the typical Category Manager often spends at least a THIRD of their time performing “busy work” This is not an effective or efficient use of their time. Sustainability initiatives within the supply chain. Reductions in energy or material consumption.

Supply Chain Efficiency 52

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Procurement Tactics

JANUARY 8, 2023

It can also help drive sustainability initiatives in your supply chain and procurement process. . Closed loop spend management (CLSM) is an approach geared towards injecting resilience and agility into business operations by optimizing overhead costs and transforming procurement and supply chain processes. .

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World of Procurement blog

MAY 8, 2024

Metrics : Procurement tracks savings, efficiencies, supplier performance, and risk. Procurement is strategically important because it: Drives significant cost savings through economies of scale, supplier negotiations, and process efficiencies. Increases efficiency by standardizing, streamlining, and automating processes.

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IBM Supply Chain Blog

OCTOBER 3, 2023

Teams can build trust with automation to scale more efficiently, allowing them to build, deploy and manage applications and services anytime, anywhere while balancing performance and cost. You can ensure everyone is within budget. That leaves many IT professionals asking, “How do you get the most from and for your applications?”

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IBM Supply Chain Blog

JUNE 29, 2023

Integrated planning incorporates supply chain planning, demand planning, and demand forecasts so the company can quickly assess the impact on inventory levels, supply chain logistics, production plans, and customer service capacity.

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supply chain software solutions Real-time Visibility Agile and Lean Supply Chain Supply Chain Optimization 76

Arkestro

MARCH 13, 2023

It turned to Arkestro Predictive Procurement software. Also, budget forecasting was done based on suppliers’ assumed fixed costs, often making projections inaccurate. Due to pandemic-driven market disruption, consumer behaviors shifted and labor forces shrunk — suffocating the global supply chain.

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Pipefy

OCTOBER 25, 2023

Today, quick fixes are being eclipsed by strategic agility that seeks to drive long-term business value and innovation. In a recent survey conducted by Pipefy, 55% of C-suite executives responded that “improved agility” was a primary benefit they expected from process automation software.

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Arkestro

MAY 23, 2023

Fortunately for construction companies, new solutions have emerged to meet their challenges. Today, the right procurement software can streamline procurement processes and help procurement managers level-up their current methods of addressing common problems such as project delays, quality control, sustainability, and risk management.

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SCMDOJO

MAY 18, 2023

The following is a business case highlighting the background, context and value proposition of SCMDOJO’s Expert Marketplace, a platform designed to connect businesses with specialized Supply Chain Expert Services. It is within this context that SCMDOJO’s Expert Marketplace was conceived.

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Solvoyo

NOVEMBER 7, 2018

Supply Chain is a core business function tasked to manage multiple business operations such as production, inventory, order fulfillment, and transportation simultaneously. In fact, the supply chain people are expected to be super-heroes. What is concurrent planning in the supply chain?

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Arkestro

DECEMBER 12, 2023

When broken down by generation, Gen Z is the most likely to tighten their budget, while Gen Xers and Boomers are more likely to splurge. Yet unpredictability in supply chains, demand forecasting, and geo-political factors can make it difficult to prepare for the season.

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Zycus Cognitive Procurement

SEPTEMBER 15, 2022

As per a recent survey , 40% of board directors have moved digital business-related budgets from central technology and IT budgets to business functions. This is to enable greater autonomy and agility. . Today supply chains typically include multiple cross-border strategic partners that help in the execution of business goals.

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Supply Chain Game Changer

AUGUST 8, 2022

Subscribe to Supply Chain Game Changer. It has become impossible to ignore the headlines about the rising cost of living, the supply chain issues, and the unpredictable markets without professional help. This is especially true when it comes to your budget. appeared first on Supply Chain Game Changer™.

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Zycus Cognitive Procurement

JULY 25, 2022

Over the past two years, we’ve seen how supply chains are constantly changing and facing uncertainties. CPOs and procurement leaders everywhere are trying to identify ways to be agile to handle future uncertainties. . A significant amount of change has taken place in the procurement function over the past few years.

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IBM Supply Chain Blog

OCTOBER 24, 2023

However, dispersed, unreliable data and time-consuming, error prone processes can lead to bloated budgets, ineffective planning and missed opportunities. Organizations need simplified, integrated and automated solutions to help optimize IT spend, improve operations and drive greater financial returns. And by acquiring Apptio Inc.

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Zycus Cognitive Procurement

JANUARY 24, 2023

With new legislation being introduced for 2023 in Europe, such as the Supply Chain Due Diligence Act (SCCDA), CPOs and other procurement and sourcing leaders need to devise an agile procurement strategy to ensure compliance. Coordinating and working together in a transparent manner is crucial for achieving success.

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ivalua

AUGUST 5, 2020

Invoice to Pay is a request for payment by a supplier, and technology helps to make this simple, fast and more efficient for the Supplier and the Accounts Payable team. If this is done in a coordinated way, Invoice to Pay is more powerful than the traditional silo’s of Invoice software management, budget allocation and payments.

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Barkers Procurement

FEBRUARY 25, 2024

In parallel, it will also look at its expenditure meaning it is frequently the case that the Procurement function will be asked to commit incremental cost reduction to that which has already been budgeted, without the luxury of knowing its method of delivery. The positive impact of Procurement software can be felt by those that plan, too.

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Una

JANUARY 8, 2024

You snag a bunch of budget-friendly printers without considering the long game. Not to mention, they're guzzlers, and your fuel budget is through the roof. Value-Creation Maestro You invest a bit more in fuel-efficient, low-maintenance vehicles with a longer lifespan. Financial Value Show me the money!

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Empowering CPO

JUNE 26, 2023

These actions lead to improved negotiation power, reduced costs, and enhanced overall procurement efficiency. Stronger supplier relationships lead to better pricing, improved service levels, and a more reliable supply chain. This leads to improved agility, better decision-making, and a competitive advantage in the marketplace.

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IBM Supply Chain Blog

MAY 6, 2024

Successful clinical studies hinge on efficiently recruiting and retaining diverse participants. Learning from historical protocol data and using synthetically generated scenario events to optimize inclusion and exclusion criteria can be powerful for achieving efficient trial design.

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Planergy

DECEMBER 29, 2022

Managing the challenges with best practices, including using procurement software for the marketing spend category helps simplify your process. Ultimately, marketing procurement can help organizations improve the efficiency and effectiveness of their marketing efforts, but it’s about more than sourcing strategies and agency relationships.

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The Procuretech Podcast

NOVEMBER 2, 2021

Spend Matters was founded by Jason Busch in 2004 and was one of the first Procurement and Supply Chain Blogs. There are 23 different categories in the Almanac in total, and not all of them are focused on software itself. Focusing on the key criteria such as innovation, market presence, tech competency, and solution delivery.

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IBM Supply Chain Blog

OCTOBER 19, 2023

According to Gopal Chandak, FP&A Leader at Landmark, “The consolidation of the financial budget, cost allocation methods and standardization of common records posed as major obstacles. Gathering files from multiple parties led to discrepancies due to varying versions of software and different levels of user expertise.”

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Jaggaer

OCTOBER 8, 2019

As we noted in the report, the digital transformation of procurement involves many processes working in tandem rather than sequentially; data integration would also allow analytics applications to exploit data from one area of the value chain to improve performance and efficiency in another. 2) Establish the basics.

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Planergy

SEPTEMBER 8, 2022

Furthermore, regular assessment of supplier performance can help you identify potential supply chain risks early on so that they can be remedied before they cause major problems. Flexibility / Agility. Are the supplier’s costs reasonable and in line with your budget? Compliance. Supplier’s financial stability.

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Supply Chain Game Changer

FEBRUARY 9, 2022

Subscribe to Supply Chain Game Changer. 7 Reasons to Switch to Agile Project Management! So how to manage projects efficiently and without unnecessary nerves, and further increase the efficiency of employees? There is a lot of project management software on the market. Subscribe Here! Email Address.

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IBM Supply Chain Blog

JUNE 2, 2023

At this point, families expect state agencies to have a modern, efficient child support system. Provide quick and transparent services to ease stress and frustration in times of need. Be intuitive, user-friendly and cut down on manual effort.

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Procurement Software

MARCH 5, 2024

If you want to search the whole range of procurement tech companies out there beyond just startups, then check our our free software directory. Focal Point Focal Point is a growing Atlanta-based procurement startup offering a unique solution tacking three different challenges within procurement.

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