Procurement Tactics

JUNE 28, 2023

It enables managers and businesses to minimize costs, prevent and mitigate risks, and essentially identify issues and problems early on in the procurement process. This allows for the identification and implementation of measures to mitigate any delays or obstacles in the supply chain by organizations.

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IBM Supply Chain Blog

DECEMBER 13, 2023

A procurement strategy allows an organization to navigate an increasingly complex global supply chain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. This enables an effective and adaptive approach to sourcing that creates value and minimizes risk.

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Procurement strategies Strategy Procurement Supply Chain Efficiency 73

Spend Matters

OCTOBER 4, 2023

Our coverage also explores the latest thought leadership topics about procurement and supply, the technology that serves it and comparative analyses based on demos and the scoring of 500+ RFI requirements across 12 source-to-pay (S2P) categories that create our Vendor Ranking data.

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Procurement e2e Contract Sourcing 92

Supply Chain Opz

JANUARY 17, 2017

Supply Chain Management is complex and truly mastered by few. For those of us who have made our careers in supply chain, one of the great challenges, and the attraction of the discipline, is the variety of differing opinions about what constitutes ‘excellence in supply chain’ and how it can be best achieved.

e2e 40

e2e Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization 40

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

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. Agility and responsiveness In the rapidly changing business landscape, agility is crucial.

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supply chain software solutions Real-time Visibility Agile and Lean Supply Chain Supply Chain Optimization 83

Barkers Procurement

JANUARY 26, 2024

The increasing pressure from macroeconomic factors that include inflation, continued supply chain disruption, geopolitical tensions and ESG factors are primary areas of concern for the procurement professional. McKinsey has reported that supply chain disruption is costing companies 0.47% on average each year.

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Barkers Procurement

JANUARY 26, 2024

The increasing pressure from macroeconomic factors that include inflation, continued supply chain disruption, geopolitical tensions and ESG factors are primary areas of concern for the procurement professional. McKinsey has reported that supply chain disruption is costing companies 0.47% on average each year.

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supply chain budgeting Supply Chain Efficiency Procurement e2e 52

SCMDOJO

MAY 7, 2024

Supply chains are vital to businesses, facilitating the movement of goods, services, financial flows, and information. However, they are also susceptible to disruptions and risks. Enhancing supply chain resilience as well as supply chain visibility is crucial in today’s interconnected world.

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Supply Chain Visibility Real-time Visibility e2e Supply Chain Optimization 74

World of Procurement blog

MAY 8, 2024

What is Supply Chain Management (SCM) Supply Chain Management (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 supply chains lead to improved profit margins.

Agile and Lean Supply Chain 40

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Supply Chain Opz

NOVEMBER 9, 2014

Companies of all sizes have been capturing the value from Global Supply Chain to increase the economies of scale and scope for years. In this article, we will show you tips from worldwide experts that you can use to streamline your global supply chain operations. However, you may wonder what kind of practices really work.

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Empowering CPO

JULY 16, 2023

Managed procurement services can be defined as an external service that helps streamline a company’s acquisition processes, offering an end-to-end solution that takes into account all aspects of procurement – from sourcing to payment.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

Pipefy

JANUARY 11, 2023

Procurement teams are now responsible for driving value, achieving sustainable results, and helping businesses maintain their competitive edge despite market shifts and supply chain disruptions. To make matters more complicated, IT talent retention is now also at risk. A necessity for sourcing transformation.

Strategy 52

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

IBM Supply Chain Blog

JUNE 26, 2023

But “always-on” is costly, and too many organizations overprovision to mitigate performance risks (and overspend in the process). You gain full-stack visibility to better understand your environment and speed up innovation. To address this waste, consider implementing FinOps (Finance + DevOps).

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e2e Real-time Visibility Sustainability Data 56

Arkestro

JUNE 6, 2023

With the continuing supply chain challenges of recent years, these problems have only been thrown into sharper relief. Three of the top challenges finance and procurement face include risk transparency, the lack of cross-functional relationships, and outdated data and technology tools. 1. Not by a long shot.

Supply Chain Efficiency 52

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

Empowering CPO

JULY 16, 2023

Managed procurement services can be defined as an external service that helps streamline a company’s acquisition processes, offering an end-to-end solution that takes into account all aspects of procurement – from sourcing to payment.

Supply Chain Efficiency 40

Supply Chain Efficiency Management Procurement Supply Chain Optimization 40

Pipefy

MAY 23, 2023

The risks of errors and bottlenecks alone in manual work make procurement a superb place to begin a digital transformation. Carrying out this process manually makes it susceptible to bottlenecks — (one out-of-office manager can delay the order by days — and introduces costly errors and risks. Risk reduction.

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Supply Chain Opz

AUGUST 2, 2018

From the most basic to the most advanced organization, Inventory Optimization is a critical goal and one which underpins the effectiveness of the supply chain operation. The start-point for any Inventory Optimization initiative is Visibility. Getting this information is not always as easy as you might expect.

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Jaggaer

OCTOBER 22, 2020

“Spend management and procurement will play a key role in enabling banks to achieve their efficiency targets while managing supply chain risks,” he added. Attijariwafa Bank has successfully implemented a source-to-contract solution with the JAGGAER ONE platform.

Strategy 52

Strategy Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 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.

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

Supply Chain Action Blog

AUGUST 3, 2015

If you can’t answer these 3 sets of questions in less than 10 minute s (and I suspect that you can’t) , then your supply chain is not the lever it could be to drive more revenue with better margin and less working capital: 1) What are inventory turns by product category (e.g. 2) What is the inventory coverage ?

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SCMDOJO

APRIL 24, 2024

In 2024, the logistics and supply chain industry will continue its transformative journey, driven by technological advancements and growing consumer expectations. According to industry reports, over half of business leaders acknowledge the need for supply chain improvements, with 52% believing they could enhance their operations.

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Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization supply chain budgeting 58

ivalua

MARCH 9, 2023

A comprehensive Source-to-Pay platform is a critical component of an organization’s IT environment. What is Source-to-Pay? The Source-to-Pay process itself is quite broad but it covers most if not all the aspects of a procurement organization, at least from a process and technology perspective.

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Sourcing Real-time Visibility e2e supply chain software solutions 130

Jaggaer

OCTOBER 8, 2019

We dealt with one of them in the previous article in this series: the need to integrate data across the full spectrum from source-to-pay. They should also extend this digitalization to supply chain management (supplier portal, webEDI, etc.) It identified a couple of key challenges. 2) Establish the basics.

Procurement 40

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

Pipefy

JANUARY 9, 2024

Because of this complexity, it can also be prone to errors, risks, and costly inefficiencies. Smart procurement is the use of technology to improve efficiency and help build more agile procurement processes. The benefits include cost savings increase, better decision making and risk management. What is smart procurement?

Supply Chain Efficiency 52

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

Pipefy

JANUARY 30, 2024

That’s where procurement, sourcing, and purchasing technology comes in. Finally, procurement teams are responsible for anticipating and responding to disruptions in the supply chain and their own process. Learn about six solutions that can be applied in 2024, why you should apply them, and how to get started.

Agile and Lean Supply Chain 52

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

Supply Chain Game Changer

JULY 27, 2021

Subscribe to Supply Chain Game Changer. The Parallel Supply Chain … A Twilight Zone Strategy? Since the Coronavirus pandemic exposed the fragility of the global Supply Chain , everywhere you look you see the word “resilience” being used as the latest buzz word. Get Our EBOOK HERE.

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Agile and Lean Supply Chain Supply chain Strategy Real-time Visibility 119

Spend Matters

FEBRUARY 22, 2024

With the advent of AI, and especially generative AI within that broader term, and the continued globalization of supply chains, the pace of change has sped up, forcing businesses and workers to adjust quickly. Third-party risk management through a specialized vendor moves beyond the onboarding and intake process.

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Supply Chain Efficiency Real-time Visibility Management supply chain software solutions 90

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. Goods arrived exactly when needed, waste and holding costs were kept to a minimum, and single source strategies prevailed due to ease and cost savings.

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

Solvoyo

MARCH 5, 2021

Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. For businesses of all sizes, the digital transformation of supply chain planning became the most important initiative. . This includes internal and external data sources.

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Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency supply chain software solutions 52

Procurement Software

JANUARY 9, 2024

Paid claims to benefit both large and small businesses, offering agility to the former and better access to opportunities for the latter. Canopy Canopy is a vendor master data and supplier management platform that aims to provide complete visibility of your suppliers’ information.

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

Finale Inventory

FEBRUARY 27, 2024

Pivotal for seamless fulfillment experiences consumers expect, inventory management should be top of mind, because without careful planning, the risks are high that miscommunications, errors, and delays will creep in – resulting in disappointed customers rather than skyrocketing growth. Consider these remedies: Upgrade to barcode scanning.

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Procurement Software

MARCH 5, 2024

At its heart is a source-to-pay suite offering a range of functionality, with a complete suite of cloud-based modules. FRDM FRDM is a software company specialising in supply chain risk management. Their software is designed for multinational corporations managing complex supply chains.

Real-time Visibility 52

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

Supply Chain Game Changer

JULY 14, 2020

Subscribe to Supply Chain Game Changer. 10 Vital Supply Chain Lessons from the Coronavirus Pandemic! And what is the new normal in Supply Chain? What’s the New Normal in Supply Chain? What’s Normal in Supply Chain Anyways?). This is NORMAL in Supply Chain.

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Pipefy

JULY 31, 2023

Those that fail to do so risk losing customers to competitors. One way companies can become more agile and remain competitive despite economic uncertainties is end-to-end business process automation. By eliminating manual processes, human errors are minimized and productivity, agility, and process efficiency goes up.

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supply chain software solutions e2e Agile and Lean Supply Chain Real-time Visibility 52

Planergy

SEPTEMBER 12, 2023

How to gain visibility and control of your indirect spend. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Companies should carefully weigh each approach’s benefits, challenges, and risks to make informed decisions that align with their goals and objectives.

Supply Chain Efficiency 52

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Pipefy

JUNE 15, 2023

This is especially true for leaders and teams wanting to become much more agile and resilient in light of the challenges created following recent supply chain disruptions. This end-to-end system’s built-in collaboration and data analysis tools eliminate process friction commonly created by manual or disjointed workflows.

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