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Mastering these skills not only optimizes procurement processes but also positions managers as strategic business partners. SAP, Oracle) Procurement software (e.g., Coupa, Ariba) Data analytics tools (e.g., SAP, Oracle) Procurement software (e.g., Coupa, Ariba) Data analytics tools (e.g., SAP, Oracle) Procurement software (e.g.,
Internal changemanagement: Transitioning to a digital platform often involves shifting established processes. The need for resilient supplychains is also a key factor driving procurement digitalization. Customers want to quickly adjust sourcing strategies and build agility into their supplychains.
Complete Source to Pay cycle and Strategic Sourcing Guide An optimized Source-to-Pay (S2P) process helps businesses enhance procurement efficiency, reduce costs, and improve supplier collaboration. Strategic sourcing plays a critical role in this transformation, ensuring organizations secure the best value while mitigating risk.
People: Engaging Stakeholders and Nurturing Change Engaging stakeholders early in the implementation process is crucial for gaining their support and supporting the changemanagement process. Everyone is a contributor to changemanagement A successful implementation engages everyone in the changemanagement effort.
Supplychains are complex and varied; to manage them effectively, you need to understand exactly what’s happening in both your supplychain and your customers’ end markets. But most sourcing and procurement teams need to pivot and modify the way they handle SCM decisions.
The Power of Source-to-Pay Digital Transformation To put it briefly, source-to-pay refers to the entire process that starts with finding, negotiating with, and contracting the suppliers of materials, goods and services, and culminates in the final payment for those items. Who Should Prioritize an S2P Digital Transformation?
In this article we will highlight some of the key changes AI has made to procurement strategies in the following industries: manufacturing and industrials, life sciences and healthcare, and the public sector. Supply network modeling, now integrating large language models (LLMs), allows for precise tracking and material tracing.
In the current era, it is clear that new modes of production are concomitant with new modes of distribution, which advances the field of logistics, the science of physical distribution or even supplychainmanagement. Reminder of Key Definitions – Logistics & SupplyChainManagement. Rider (1970)).
Hansen was publicly referencing and implementing AI concepts in the late 1990s , notably through advanced self-learning algorithms in procurement and supplychain applications. Too vendor-centric : Their early AI commentary leaned on vendor roadmaps (Coupa, SAP, Oracle) rather than early-stage practitioner signals. Heres why: 1.
In this blog, explore vital tips paving the way for a prosperous career in supplychainmanagement. Whether you’re a recent graduate or contemplating a career change, uncover key insights for establishing the groundwork of a thriving career in the dynamic world of supplychain. Lucky for you.
Think of it as the centralized hub that simplifies engagement and empowers decision making for whatever it is youre seeking to address in the Source-to-Pay lifecycle. Here’s how: Unified access to data: Raindrop aggregates information from various sources, providing decision makers with a single source of truth.
Subscribe to SupplyChain Game Changer. What is SupplyChainManagement (SCM)? When I started my career the term “SupplyChain” had just been coined. Now as I look back on my career virtually everything I did falls under the banner of SupplyChainmanagement.
Hansen was publicly referencing and implementing AI concepts in the late 1990s , notably through advanced self-learning algorithms in procurement and supplychain applications. Too vendor-centric : Their early AI commentary leaned on vendor roadmaps (Coupa, SAP, Oracle) rather than early-stage practitioner signals. Heres why: 1.
Intake and Orchestration Model: Core Idea: Promoted by vendors like Zip, GEP, and ORO Labs (2023-2025), this model uses centralized intake portals (forms, AI chatbots) and orchestration engines to streamline requests and integrate systems (ERP, sourcing) via automation and AI, aiming for enterprise efficiency. spend analysis). .
Subscribe to SupplyChain Game Changer. For many people who work in SupplyChainManagement, or for those on the outside, it functions on the foundation of processes, formulae, and metrics. This is very much the core of SupplyChain education and certification as well. Subscribe Here! Email Address.
The pandemic was a wake-up call for businesses worldwide, who struggled to overcome operational disruption — everything from the transition to remote working, to supplychain chaos. MENA countries import a lot of food; disrupted supplychains and price increases mean potential food shortages. Enter eProcurement.
The preliminary run uses the RAM 4-Model Assessment tool to access the Procurement Insights proprietary archives and many cross-reference sources using my AI for AI platform. is a leading AI-powered platform specializing in third-party risk management, compliance, and supplier lifecycle automation. The above is one such request.
MUSING #1 In the age of information, it’s surprising that supplychain digital transformation isn’t as readily available as one would expect. – [link] MUSING #2 How agile is your sourcing program? Have you ever wondered why? Part 1 of 3) – [link] Are you chasing solutions or solving problems?
Try this as a tongue twister: “Tripping through tantalizing TikTokers, tenfold to transform your tangled supplychain!” In our digital age, where viral trends dominate, TikTok’s influence now extends to supplychainmanagement. Discover the Top 10 TikTokers reshaping how you view supplychains.
How Predictive Procurement Has Become a Game Changer for High-Tech Manufacturing To stay competitive, high-tech manufacturers are increasingly adopting Predictive Procurement technology to gain greater agility, cost savings, and enhanced supplychain resilience. Subscribe to news from Arkestro. You can unsubscribe at any time.
Although Amrest utilizes a sourcing process, the liquidity gap blocks past analyses and data. . Creating fuller visibility into supplier risks, Amrest has the power and intel to switch localizations or deliver from different warehouses, creating a stronger supplychain. .
I studied procurement and obtained a Master’s degree in supplychain and international procurement. I found the unique role that procurement plays in being at the heart of a business’ strategy as well as at the very source of its operational performance really interesting. We manage billions of dollars worth of spend.
I studied procurement and obtained a Master’s degree in supplychain and international procurement. I found the unique role that procurement plays in being at the heart of a business’ strategy as well as at the very source of its operational performance really interesting. We manage billions of dollars worth of spend.
Shaping the next generation of procurement professionals In 2024, as emerging technologies continue to redefine the workplace and professional landscape, and industries embrace AI, procurement departments will rethink their strategies to source top talent, retrain existing employees and attract the next generation of procurement professionals.
Procure-to-Pay (P2P) and Source-to-Pay (S2P) are not just fancy acronyms used by consultants, procurement and finance professionals. Behind these terms are whole concepts of processes that manage how goods and services in your business are requested, sourced, received and paid. What steps are involved in Source-to-Pay?
What is SupplyChainManagement (SCM) SupplyChainManagement (SCM) is the management of the flow of goods, services, information and finances as they move from raw materials to final product, from manufacturer to consumer. Optimized supplychains lead to improved profit margins.
The city of New York adjusting normally cumbersome processes to secure new sources of supply for unprecedented numbers of ventilators. Sprint’s strategic sourcing transformation, presents a great example, in multiple ways. Technology has become easier to use and leaders place more focus on changemanagement.
EDITOR’S NOTE: Here are three separate third-party sources analyzing the success and impact of implementing the original RAM Agent-based Metaprise model to support the DND’s IT infrastructure. SOURCE #1 Jon W. SOURCE #3 Jon W. Hansen’s agent-based model (ABM) remains highly relevant in 2025.
– Challenges rigid quadrants with more agile, narrative-driven insights. sourcing, invoicing) can add qualitative depth to IDCs broader IT-centric assessments, enhancing its Capabilities axis for S2P vendors. – Amplifies early-stage innovation Gartner may miss. Strong but less procurement-specific than Gartner or Forrester.
Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. For businesses of all sizes, the digital transformation of supplychain planning became the most important initiative. . This includes internal and external data sources.
How to Implement a Strategic Sourcing Process A play-by-play manual showing how to implement a strategic sourcing process that aligns with your organization’s goals, optimizes spend, and creates long-term value. At its core, strategic sourcing formalizes the process of finding, assessing, and choosing suppliers.
Procure-to-Pay (P2P) and Source-to-Pay (S2P) are not just fancy acronyms used by consultants, procurement and finance professionals. Behind these terms are whole concepts of processes that manage how goods and services in your business are requested, sourced, received and paid. What steps are involved in Source-to-Pay?
Subscribe to SupplyChain Game Changer. The Digital SupplyChain Road is Full of Potholes, Construction and Accidents! Sometimes, digitalization requires changemanagement, process shifts, and organizational restructuring. Source: Deloitte CPO Survey 2019. Subscribe Here! Email Address. Don’t Panic!
Today I’m joined by Logward , an exciting tech brand with a vision of a future where supplychain departments lead the transformation of their industries, instead of simply transporting it. 09.56] What has, and hasn’t, changed in the last five years, and a look at today’s key challenges and trends. “I
Subscribe to SupplyChain Game Changer. At SupplyChain Game Changer we believe in sharing experiences and expertise from people in every industry and from across the globe. This interview is with Danny Wang, Vice President of Sourcing and Procurement at Canada Goose. Subscribe Here! Email Address. Hey Procurement!
Introduction Welcome to our complete guide on the role of spend analysis in strategic sourcing. In the ever-evolving world of business, strategic sourcing has become a linchpin in corporate success. But how do we fuel the engine of strategic sourcing? The answer lies in the powerful tool of spend analysis.
SupplyChainManagement is complex and truly mastered by few. For those of us who have made our careers in supplychain, one of the great challenges, and the attraction of the discipline, is the variety of differing opinions about what constitutes ‘excellence in supplychain’ and how it can be best achieved.
Subscribe to SupplyChain Game Changer. What is the Digital SupplyChain? When building a digital procurement and sourcing ecosystem, it’s important to dig into your existing procurement process. Source: Deloitte CPO Survey 2018. Source: Kodiak Rating. Subscribe Here! Email Address.
As a procurement leader who specialises in changemanagement, among other things, how much have the fast-moving and numerous global situations impacted delivery would you say? I’m going to broaden it from procurement and say supplychain. You are right though, it has opened up new demographics and pools of talent.
With new legislation being introduced for 2023 in Europe, such as the SupplyChain Due Diligence Act (SCCDA), CPOs and other procurement and sourcing leaders need to devise an agile procurement strategy to ensure compliance. Now, more than ever before is the time for enterprises to invest in technology.
As practices like DevOps , cloud native , serverless and site reliability engineering (SRE) mature, the focus is shifting toward significant levels of automation, speed, agility and business alignment with IT (which helps enterprise IT transform into engineering organizations).
Article provided to SupplyChain Game Changer by Katalin Brennan at Eyvo E-Procurement. There are a number of free sources to do this like 123test. New practices – developing new individual and team practices is important for keeping mental agility and a culture of flexibility. Subscribe Here! Email Address.
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