Let's Talk Supply Chain

AUGUST 4, 2022

In 2005 I came across a book, Sense & Respond (The Journey to Customer Purpose) Creating and Leading Sense-And-Respond Organizations. At the article published today they have written “Sense and Respond in Real Time: The Continued Growth and Investment in Control Towers.”.

Agile and Lean Supply Chain 105

Agile and Lean Supply Chain Supply Chain Efficiency Real-time Visibility Supply chain 105

Planergy

SEPTEMBER 20, 2023

Cristian Maradiaga King Ocean Book a Live Demo Download a free copy of "Indirect Spend Guide", to learn: Where the best opportunities for savings are in indirect spend. How to gain visibility and control of your indirect spend. Between booking flights, finding accommodations, and managing expenses, it’s easy to feel overwhelmed.

Management 52

Management Real-time Visibility Budget Spend management 52

Procurement Heads

JANUARY 30, 2023

IT procurement provides a lot more visibility to senior stakeholders within the business. CIPS is valuable because it allows you to apply your theory to the real world. Both on-the-job skills and book knowledge complement one another. Through studying CIPS you also have the opportunity to expand your wider network which is key.

supply chain budgeting 130

supply chain budgeting supply chain software solutions Negotiation Real-time Visibility 130

SCMDOJO

APRIL 4, 2023

When it comes to managing a supply chain, having access to real-time data can be a game-changer. Read More: 10 Must-Read Supply Chain Analytics Books for 2023 ] The benefits of SCM analytics are numerous. This can result in faster delivery times and improved customer satisfaction.

Supply Chain Analytics 110

Supply Chain Analytics Supply Chain Optimization supply chain budgeting Supply Chain Efficiency 110

Procurement Tactics

MARCH 27, 2023

Although it always relates to demand and sales projections, forecasting can also be used to determine product pricing, lead times, labor needs, and more. The integration of AI into forecasting improves accuracy, saves more money, and helps businesses react to exceptions in real-time.

supply chain budgeting 192

supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 192

Orderhive

DECEMBER 13, 2022

As can be imagined, this added a lot of unnecessary time to the order fulfillment process. . Omnichannel order management is a digital centralization of information about inventory and sales for however many outlets a sales business has. Inventory visibility. This total visibility is an important aspect of SCM. .

Real-time Visibility 59

Real-time Visibility Management Inventory Supply Chain Efficiency 59

Zycus Cognitive Procurement

JANUARY 16, 2023

You must have found yourself struggling with limited visibility into preferred or contracted suppliers, contract utilization status, budgeting issues, and multiple requirements for sourcing low dollar items or services. It is usually time consuming, require multiple approvals and follow ups. Cost booking validation to relevant GL. .

Sourcing 52

Sourcing Real-time Visibility Procurement Buyers 52

Planergy

SEPTEMBER 5, 2023

Cristian Maradiaga King Ocean Book a Live Demo Download a free copy of "Indirect Spend Guide", to learn: Where the best opportunities for savings are in indirect spend. How to gain visibility and control of your indirect spend. Using financial tools can help save time and resources while improving accuracy in the budgeting process.

supply chain budgeting 92

supply chain budgeting Budget Real-time Visibility Spend management 92

Supply Chain Collaborator

MARCH 16, 2020

Coming at a time when the pandemic is depressing global consumption of oil thanks to plummeting travel plans and shelter in place orders, it seems counter intuitive that demand to move oil would be at record high volumes. By Furnishing Upstream and Downstream Visibility to More Effectively Coordinate with all Facets of the Supply Chain.

supply chain software solutions 108

supply chain software solutions Supply chain Freight Audit Real-time Visibility 108

Finale Inventory

SEPTEMBER 2, 2023

It can save time and prevent costly, consequential mistakes for businesses in this revenue category. Keeping detailed books with all transactions recorded and reconciled is critical for multichannel businesses as it helps lower the risk of fraud and embezzlement. It will take time, and you risk investors losing interest.

Real-time Visibility 52

Real-time Visibility Inventory Risk Buyers 52

Procurement Heads

JULY 19, 2023

We have an amazing analytics dashboard, which gives us visibility on spend and suppliers’ contract duration, supplying really important insight. Firstly, I didn’t reach into the Stephen Day black book of contacts and start ringing them all up and saying “Do you want to join us?” It is not for the faint-hearted!

Real-time Visibility 130

Real-time Visibility Procurement Sustainability Import 130

Una

MAY 11, 2023

Building a Procurement Function From Scratch With the right approach, building a procurement function from scratch can create streamlined and efficient processes that deliver real value to your organization. Build a team Once you’ve identified your goals and stakeholders, it’s time to start building your team.

Procurement 98

Procurement Real-time Visibility e2e Purchasing 98

Let's Talk Supply Chain

JULY 27, 2022

Let’s Talk Supply Chain gives them a platform to share what drives them and how they are igniting real progress at their organizations. This summer her book Transforming the Organization: Building a Flexible Foundation for Future Disruption makes its debut. How did your supply chain journey start?

Agile and Lean Supply Chain 115

Agile and Lean Supply Chain supply chain software solutions Supply chain Real-time Visibility 115

EazyStock

JUNE 16, 2022

Advancing technologies, such as artificial intelligence and machine learning, make connectivity and supply chain visibility easier. AI can adapt in near-real-time to changing conditions and develop new knowledge by processing more data and revealing more patterns and trends than humans can. Inventory management and AI.

Supply chain management 52

Supply chain management Supply chain management Supply Chain Optimization supply chain software solutions 52

Supply Chain Brain

OCTOBER 6, 2020

In this book, you learn the basics of supply chain risk management (SCRM), and how companies are using SCRM systems to create more resilient supply networks. The author also outlines how using a technology-based SCRM system provides visibility into your supply base.

Risk management 49

Risk management Risk Supply chain Management 49

Planergy

AUGUST 21, 2023

Cristian Maradiaga King Ocean Book a Live Demo Download a free copy of "Preparing Your AP Department For The Future", to learn: How to transition from paper and excel to eInvoicing. Having real-time spend visibility of spend allows you to better manage cash flow by understanding when you will be required to make payments related to purchases.

Real-time Visibility 52

Real-time Visibility Purchasing supply chain software solutions Spend management 52

Planergy

JULY 27, 2023

Cristian Maradiaga King Ocean Book a Live Demo Download a free copy of "Indirect Spend Guide", to learn: Where the best opportunities for savings are in indirect spend. How to gain visibility and control of your indirect spend. Timeliness Expenses must be reported in a timely manner. What pricing limits will you enforce?

Real-time Visibility 52

Real-time Visibility Management Purchasing Budget 52

Planergy

OCTOBER 18, 2023

Cristian Maradiaga King Ocean Book a Live Demo Download a free copy of "Indirect Spend Guide", to learn: Where the best opportunities for savings are in indirect spend. How to gain visibility and control of your indirect spend. How to report and analyze indirect spend to identify savings opportunities. Follow these steps to help.

Risk 52

Risk Real-time Visibility Negotiation Management 52

EazyStock

JUNE 23, 2022

This is especially true in inventory management, where new technologies are being introduced all the time, and along with them, more and more data is being generated. The key for inventory management teams is to know what to do with it! Integrating big data and the IoT provides an overview of warehouse inventory in real-time.

Inventory 52

Inventory Data Management Real-time Visibility 52

Pipefy

DECEMBER 28, 2023

It measures the percentage of time within a process that is spent on value-added activities compared to the total time it takes to complete the same process. A PCE closer to 100% indicates a more efficient process, indicating that a larger proportion of the total process time is devoted to activities that add value to a business.

Real-time Visibility 52

Real-time Visibility Influencing Quality Data 52

Procurement Heads

AUGUST 2, 2023

Additionally, it felt like the right time for a new challenge, as I had spent nearly 24 years with my previous employer. That said, we are fortunate in that we have a very strong future order book. Increase in cyber-attacks hindering our supply chain which is a current real threat.

Supply chain 130

Supply chain Real-time Visibility Sustainability Procurement strategies 130

The Thomas Blog

JANUARY 16, 2024

This improves the company’s online visibility, helps it reach a wider audience, and enhances its authority and credibility within that niche. A successful SEO strategy will improve your visibility on search engines and allow more prospects to find your business. The right keywords will drive organic traffic to your website.

Real-time Visibility 52

Real-time Visibility Buyers Strategy Networking 52

Arkestro

JULY 4, 2022

As a result, implementing a process that effectively supports supplier diversity is a real obstacle many companies struggle with. The model looks at historical data to understand how much volume any supplier can handle at any given time and whether that supplier is diverse or not. A much more advanced solution was required. Next Steps.

Suppliers 52

Suppliers Procurement Real-time Visibility Chief Procurement Officer 52

Una

JUNE 29, 2023

And, one of the best things about comic-book heroes is their incredible diversity. An agile supply chain achieves this by implementing real-time demand sensing, collaborative forecasting, and cross-functional coordination. The responsive supply chain strategy focuses on meeting customer demands quickly and accurately.

Agile and Lean Supply Chain 52

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

Supply Chain Collaborator

AUGUST 2, 2019

Unless you’re running very regular procurement events to update rates in all your lanes, you may still be paying more for contracted freight that you would if you booked loads on the spot market! Measures of spot-pricing for truckload business are down by double digits from last year…”.

Strategy 69

Strategy Real-time Visibility Contract Bidding 69

Supply Chain Game Changer

OCTOBER 1, 2019

” Old telephones, vinyl records, cassette tapes and 8 track tapes, physical books,VHS tapes, physical pieces of mail, watches with moving hands, and antenna based televisions are all analog devices, for those of us old enough to remember them. Visibility to where goods were was largely limited to updates that came over the phone.

Supply Chain Optimization 82

Supply Chain Optimization Supply Chain Efficiency supply chain software solutions Supply chain 82

IBM Supply Chain Blog

MARCH 13, 2023

High-quality ESG reporting requires real visibility, not only into a company’s own operations but into those of its suppliers. One approach Proothi recommends is using solutions provided by Celonis , which can operationalize sustainability by giving real-time schematics of how a business actually works.

Supply Chain Efficiency 52

Supply Chain Efficiency Real-time Visibility Sustainability Supply Chain Optimization 52

IBM Supply Chain Blog

JULY 26, 2023

A digital twin is a dynamic, virtual representation of a physical object or system that simulates its behavior in real-time. Maintenance teams can use digital twins to simulate the entire supply chain, providing in-depth visibility into operations and logistics and identifying potential bottlenecks.

Supply Chain Optimization 58

Supply Chain Optimization supply chain software solutions Real-time Visibility Supply Chain Efficiency 58

Supply Chain Game Changer

NOVEMBER 19, 2018

In the book, The Living Supply Chain , the authors argue that, “Speeding up the supply chain is at the root of everything that is good: improved revenue, reduced working capital, higher profitability, and less obsolete inventory. Advanced Analytics will support real-time decision making based on data captured across the supply chain.

Supply Chain Efficiency 45

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Supply chain 45

Arkestro

MAY 30, 2022

At the same time, digital acceleration and the need for agility have expanded the role of procurement and finance from cost-management functions to broader champions of risk management, strategic decision making, and business agility.”. . Failure resulted in highly visible shortages, public scrutiny, and loss of life.

Agile and Lean Supply Chain 52

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

The Procuretech Podcast

MARCH 31, 2020

Tarmo Saidla joins me from Procurement Flow, an Estonian startup focusing on: Making workflows more visible for procurement and requisitioners Keeping budgets under control for CFOs Allowing project managers to keep track in real time of what in the process their requisitions for materials and services are at.

Real-time Visibility 40

Real-time Visibility Procurement Management Buyers 40

Arkestro

MAY 16, 2022

It’s simply because the amount of transactional data that is created from managing that many items and suppliers is tricky to keep track of without the correct tools (and tools that work in real-time). Deployment takes time, data migration takes time, and onboarding takes time. That’s the beauty of Arkestro.

Raw materials 52

Raw materials Procurement Real-time Visibility supply chain software solutions 52

EazyStock

JUNE 10, 2022

Keeping on top of your to-do list, building supplier and customer relationships, and tracking orders and deliveries is challenging even for the most organized and efficient inventory manager. Whether paying using our phones, watching TV on the go, ordering in restaurants, or booking a taxi, they make our life easier.

Real-time Visibility 52

Real-time Visibility Supply Chain Optimization supply chain software solutions Inventory 52

IBM Supply Chain Blog

JULY 27, 2023

More recently, these systems have integrated advanced technologies like Internet of Things (IoT), artificial intelligence (AI) and machine learning (ML) to enable predictive analytics and real-time monitoring. Inventory management : Managing an inventory of spare parts and materials is a significant challenge for oil and gas companies.

Real-time Visibility 61

Real-time Visibility Inventory Budget Data 61

Procurement Software

APRIL 18, 2023

These negotiations take place in real time, with all prospective suppliers at once. This saves buyers not only money, but hours of conversation time. Live, and within an allotted time period, suppliers lower their prices against the nearest competitor in order to win your business.

Bidding 52

Bidding Supply Chain Efficiency Real-time Visibility Negotiation 52

EazyStock

MAY 20, 2022

The most resilient supply chains use systems that can process big data and provide advanced analytics and real-time insights. It works in real-time, from entry to dispatch and delivery, reducing labor intensity and scanning errors. Picking items for orders is one of the most time-consuming warehouse activities.

Supply chain management 52

Supply chain management Supply chain management Supply Chain Optimization Supply Chain Efficiency 52

SupplyShift

JUNE 24, 2021

To learn more about why multi-tier visibility is so important, see our recent article. But let’s say you’re already committed to having visibility at every tier. This creates a network effect and becomes an effective method of data collection, allowing for greater visibility and more reliable data. Where do you start?

Suppliers 52

Suppliers Real-time Visibility Supply Chain Efficiency Sustainability 52