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What is Supply Chain Management? A Guide to Success

SCMDOJO

Are you interested in understanding how businesses effectively manage their supply chains? Look no further – this guide is here to help you grasp the fundamentals of supply chain management (SCM) and how it can lead to success.

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Leveraging Critical Factors for Supply Chain Success

NLPA (Next Level Purchasing Association)

The root causes of these issues often stem from a clash of the following critical Supply Chain Variables: Poor Toxic Culture. The Next Level Purchasing Body of Knowledge underpins, integrates and enhances the essential components of Supply Chain Management in simple how-to-do steps. Flawed Processes.

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Why you need a Contract Lifecycle Management system to be effective at Contract Management

World of Procurement blog

Why you need a Contract Lifecycle Management System Contract Lifecycle Management (CLM) systems are a must-have for effective Contract Management. There is no way you would want to build a process outside of the CLM to ensure "you were doing Contract Management" without implementing it.

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Fueling Success: Career in Supply Chain Guide

SCMDOJO

In this blog, explore vital tips paving the way for a prosperous career in supply chain management. 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 supply chain. Lucky for you.

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2021 Will Give Way to Big Changes in Supply Chain Practices 

ivalua

The onset of the coronavirus epidemic has accelerated the supply chain digital transformation that has languished on businesses’ “to-do” list for years. Chaos from the coronavirus has made clear that procurement & supply chain practices need to get smarter. Supply chains have been badly disrupted.

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Strategic Procurement — Everything You Should Know

Procurement Tactics

Category Management Category management sorts your spending into areas with the same supplier markets. Supplier Management Supplier management involves the handling of relationships between suppliers and the company. It can also help you with contract management and compliance processes.

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Inflation + Source-to-Pay Strategies: The Cure for the Common Price Hike

ivalua

One way of doing this is by leveraging Source-to-Pay (S2P) solutions, which can provide procurement with the tools needed to manage their supplier relationships and identify opportunities for cost savings. Ivalua’s Contract Management module allows you to easily track milestones and consumption in real time across multiple agreements.

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