Empowering CPO

JUNE 14, 2023

But before we venture into the depths of innovation in this field, let’s first establish what procurement really is. Importance of Innovative Procurement Models In the era where change is the only constant, innovation has become a necessity rather than a luxury. Introduction A. Understanding Procurement A.

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Innovation Procurement Supply Chain Efficiency Sustainability 52

World of Procurement blog

MAY 8, 2024

Value-add : Procurement aims to add value by optimizing processes, consolidating spend, and building supplier relationships. Sources innovation by engaging suppliers in new product/service development. Well-defined contracts help ensure suppliers meet expectations while protecting the buyer's interests.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Supply Chain Game Changer

NOVEMBER 10, 2018

Supply chain collaboration is a hot topic today and no wonder: companies that collaborate effectively across the supply chain have enjoyed dramatic reductions in inventories and costs, together with improvements in speed, service levels, and customer satisfaction. Subscribe Here! Email Address. Making The Right Choices.

Collaboration 66

Collaboration Supply Chain Optimization Agile and Lean Supply Chain supply chain budgeting 66

IBM Supply Chain Blog

JANUARY 22, 2024

Catalysts and conundrums A dramatic shift in development and operations is making data centers more agile and cost-effective. Embrace change and innovation The data center of the future is ripe for further growth and transformation. If embraced, disruption can push the organization to new heights and lead to tremendous outcomes.

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Data Sustainability Innovation Buyers 104

Pipefy

JANUARY 9, 2023

Supply chain risks heightened by geopolitical conflict. 2023 will serve as a chance to reset, rebuild, and forge a path forward by implementing technology that delivers process excellence, drives innovation, and empowers procurement teams to do more despite fewer resources. . Uncertain global markets. Layoffs and hiring freezes.

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Procurement Procurement team Supply Chain Efficiency 59

NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

The Future of Procurement Technology Supplier Relationship Management (SRM) Enhancement: Justification : Strengthening supplier relationships through SRM initiatives fosters collaboration, innovation, and mutual growth. This results in better negotiation outcomes, improved quality, reduced costs, and enhanced overall value delivery.

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Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

Supply Chain Game Changer

AUGUST 5, 2021

Subscribe to Supply Chain Game Changer. In 2021, procurement organizations will require inspirational, innovative, and pragmatic leaders to ensure procurement excellence. Top-performing procurement teams often have strong category expertise and have well-segmented supplier bases in order to power procurement agility.

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World of Procurement blog

MAY 23, 2024

To build stronger strategic relationships with their most capable suppliers, facilitating collaboration on product innovation, quality, sustainability, and continuous improvement. To mitigate supply chain risks and improve business continuity by reducing dependence on many small suppliers. Seek innovative partners.

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Supplier consolidation Suppliers Supply Chain Efficiency supply chain budgeting 52

Una

JUNE 8, 2023

We need to focus on those that are critical for maintaining a reliable supply chain, optimizing costs, driving innovation, improving efficiency , and supporting strategic objectives. The focus for these items is usually on building strong relationships with suppliers and ensuring a stable supply chain.

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Suppliers Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization 52

Pipefy

JANUARY 11, 2023

Following recent unprecedented events and disruptions, one thing has become clear: procurement optimization is no longer just about cost-effectiveness or efficiency. . In 2022, the five biggest procurement issues experienced by B2B buyers were: Reliable delivery (43%). What is a procurement transformation roadmap?

Strategy 52

Strategy Procurement supply chain software solutions Agile and Lean Supply Chain 52

Pipefy

DECEMBER 20, 2023

The result is greater supply chain predictability, more accurate decision-making, and better business agility. Strategic procurement leverages data to reduce risks across the entire procure-to-pay process and identify opportunities for long-term and continuous forecasting and optimizations. What is strategic procurement?

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Agile and Lean Supply Chain Strategic planning 52

Zycus Cognitive Procurement

SEPTEMBER 13, 2022

Recent technological developments, political relations, strict compliance mandates, and uncertain times have resulted in what Bernard talks about changing roles of buyers and suppliers in this VUCA world. Changing Roles of Buyers. This was the first significant change in the buyers’ role.

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Procurement Buyers Leadership Agile and Lean Supply Chain 52

Empowering CPO

MAY 5, 2023

The Importance of Digital Transformation in the Modern Business Landscape In today’s rapidly evolving and competitive global market, businesses must continuously adapt and innovate to stay ahead of the curve. One of the most significant drivers of this change is digital transformation.

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Supply Chain Efficiency supply chain budgeting Procurement Real-time Visibility 52

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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Supply Chain Efficiency supply chain software solutions supply chain budgeting Supply Chain Optimization 103

Una

MARCH 6, 2023

9 Innovative Purchasing Concepts for Procurement Implement various innovative purchasing concepts to ditch the old-school way of doing things and bring your procurement function up to speed. Innovative purchasing concepts Getting innovative in purchasing doesn’t necessarily mean leveraging the latest piece of technology.

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Innovation Purchasing Agile and Lean Supply Chain Supplier relationship management 98

Jaggaer

OCTOBER 22, 2020

Optimizing cost, in the order of a 20-25% reduction on the current situation, is therefore a must in order to survive. Spend management and procurement will play a key role in enabling banks to achieve their efficiency targets while managing supply chain risks,” he added. You can view a full recording of the webinar here.

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Strategy Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

Supply Chain Game Changer

MARCH 6, 2019

Subscribe to Supply Chain Game Changer. Initiatives are being put in place to make these statements a reality, but are these organizations agile enough to shift strategies, process and operations — for real? Simply put, we can’t expect outdated business practices to achieve innovative results. Subscribe Here!

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Procurement Procurement team Supply Chain Efficiency Innovation 50

IBM Supply Chain Blog

DECEMBER 18, 2023

Without clarity and intention, even the most innovative companies are unlikely to succeed. As Professor Felix Oberlholzer-Gee of Harvard Business School emphasized , an effective business strategy requires a deep understanding of your company and a profound sense of optimism about its potential for exceptional performance.

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Business strategy Strategy Leadership Price 71

IBM Supply Chain Blog

SEPTEMBER 13, 2023

Supply chains are under enormous stress. As supply chain leaders, we’ve seen unprecedented levels of disruption, challenges with our ecosystem trading partner networks, tariff wars, real wars and tremendous turnover in human capital. Senior supply chain leaders are retiring in record numbers.

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Jaggaer

OCTOBER 8, 2019

They should also extend this digitalization to supply chain management (supplier portal, webEDI, etc.) This is not simply about cost savings here and there (the traditional C-suite view of what procurement does) but driving value and making your organization more agile in an uncertain and rapidly changing world.

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Procurement e2e Agile and Lean Supply Chain supply chain software solutions 40

IBM Supply Chain Blog

SEPTEMBER 20, 2021

For years, supply chain professionals have measured success by how well they have been able to drive down costs and drive up efficiency. Then, 2020 sent shockwaves through many JIT strategies; the disruption was just too big to absorb and supply chain ecosystems had not been built to flex.

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Supply chain resilience Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization 52

Pipefy

JANUARY 30, 2024

In the 2024 State of Procurement Data Report by Amazon Business, 95% of decision-makers surveyed acknowledge that there’s room for procurement optimization. Teams will need to rely on greater investments in the right tools and technology to make these optimizations, from no-code automation to AI and data analytics.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Procurement Real-time Visibility Supply Chain Efficiency 52

ivalua

MARCH 9, 2023

Also included: supplier improvement plans, innovation plans and overall supplier collaboration. The contracts govern the relationship between the buyer and supplier, an essential process to inform Procure-to-Pay. Contract Management: The piece that connects the upstream and the downstream, where value starts being captured.

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Sourcing Real-time Visibility e2e supply chain software solutions 130

Arkestro

MARCH 8, 2024

These awards recognize outstanding executives whose accomplishments offer a roadmap for other leaders looking to leverage supply chain for competitive advantage. Rob’s Lifetime Achievement award is a testament to his belief in continuous innovation which he has applied most recently as a Co-Founder at Arkestro.

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Demand Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency 52

The Good Spending

JUNE 15, 2022

New Tasks The first-time buyer seeks a wide variety of information to explore alternative purchasing solutions to their organizational task. Modified Rebuy A buyer wants to replace or amend a product used in the organization. Straight Rebuy The buyer routinely reorders a product with no modifications.

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supply chain budgeting Buyers Agile and Lean Supply Chain Supply Chain Optimization 52

The Good Spending

JANUARY 4, 2023

Buyers of direct materials will empathize with the availability and quality of an item rather than the price itself. Category strategy will elaborate on logistical and supply management aspects, i.e., inventory planning and supply chain configuration. My Udemy course “Adaptive Sourcing: Agile Procurement in Practice.”

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Strategic sourcing Strategic sourcing Agile and Lean Supply Chain Category management 97

Procurement Software

MARCH 5, 2024

FRDM FRDM is a software company specialising in supply chain risk management. Their software is designed for multinational corporations managing complex supply chains. It helps large enterprises like Virgin, Coca-Cola, Boeing, and IBM map, monitor, and mitigate ESG risks across their global supply chains.

Real-time Visibility 52

Real-time Visibility supply chain software solutions Procurement Supply Chain Efficiency 52

ivalua

SEPTEMBER 24, 2020

Increased outsourcing has made businesses increasingly dependent on suppliers to drive innovation. A recent study by Forrester found that the single greatest factor in increasing a supplier’s willingness to collaborate with and share innovations with a customer was timeliness of and visibility into payments.

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The Good Spending

NOVEMBER 5, 2021

These additions are most important when buyers consider remote locations as physical goods sources. TLC analysis requires a deep understanding of supply chain costs - customs, duties, tariffs, and 3PL services. should be - brave, innovative, and value-centric. to reduction in total costs within the patient pathway.

Procurement 52

Procurement Bidding Supply Chain Efficiency Contract 52

Supply Chain Game Changer

NOVEMBER 23, 2018

Growing global complexity in supply chain management has forced organizations to look towards technology as their silver bullet; serving as the missing link between people (supply chain actors) and the ability to collaborate at scale. Check out What Exactly is Blockchain? And How Does it Work? Infographic).

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Supply Chain Efficiency Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain 50

Supply Chain Game Changer

NOVEMBER 25, 2018

From The Terminator to Blade Runner, pop culture has always leaned towards a chilling depiction of artificial intelligence (AI) and our future with AI at the helm. It is actually just in recent years when a good number of scientists and innovators began to devote their work to artificial intelligence. Deep Learning.

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Supply Chain Efficiency Agile and Lean Supply Chain Buyers Data 54

Supply Chain Game Changer

JUNE 5, 2019

Subscribe to Supply Chain Game Changer. If you think delivery is just about transporting a product to the buyer, think again. This revolution in the supply chain’s last mile is driven by something consumers always wanted, but which only recently became possible: convenience shopping. Subscribe Here! Email Address.

Supply Chain Efficiency 51

Supply Chain Efficiency Supply Chain Optimization Logistics Agile and Lean Supply Chain 51