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By selecting and developing the right suppliers and establishing streamlined, transparent communication with them, manufacturers gain the agility and resilience to respond to customer demands, rise to the top, and navigate disruptions more easily. That makes agility a foundational part of your manufacturing strategy.
I recently hosted a webinar in which our star speaker was Lora Cecere, Founder at SupplyChain Insight. Supplychainmanagement typically does not fit very well with procurement, which is a challenge at the best of times, and can be a disaster in difficult times. As late as the 1990s, supplychains were very local.
JAGGAER characterizes the steps in this process as Spend Management, CategoryManagement, Sourcing , and Contracts. Secondly come eProcurement, SupplyChain Collaboration, Invoicing, and Payments. These begin with enhanced visibility. Digitalization also fosters greater agility in supplier management.
It is a process that creates efficiencies across all spend categories, minimizes supplychain risks through improved supplier selection and awards, while giving visibility into pricing and forecasting. This helps businesses to recognize supplier risks and create plans to prevent supplychain interruptions.
AI can help create greater efficiency and value across all source-to-pay processes, including spend analysis, opportunity identification, sourcing and contract management, categorymanagement, supply relationship management and risk management.
The Essential Guide to Source to Pay, Source to Contract, and Procure to Pay Whether youre new to the world of procurement and supplychainmanagement, or a seasoned veteran; whether you work in a major manufacturing industry, a university, or a medium-sized clinical research organization, you may find procurement jargon rather confusing.
Ultimately, digital procurement enables organisations to enhance the overall procurement experience, as well as increase efficiencies and transform their end-to-end procurement function. Blockchain can be used across various industries, including both finance and end-to-endsupplychainmanagement.
It’s all the things you would expect in terms of robust Sourcing, SRM and categorymanagement across our supplychain, working closely with our business stakeholders and achieving excellent year-on-year results against an ever-increasing set of challenging KPIs. There’s just so much to go after!
It’s all the things you would expect in terms of robust Sourcing, SRM and categorymanagement across our supplychain, working closely with our business stakeholders and achieving excellent year-on-year results against an ever-increasing set of challenging KPIs. There’s just so much to go after!
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