Supply Chain Game Changer

OCTOBER 28, 2021

Lack of Visibility Beyond Tier 1. According to the 2021 Deloitte Chief Procurement Officer Survey, “Around 70% of CPOs felt that they had good visibility on the risks that existed in their direct (tier 1) suppliers. And, only 15% had visibility into tier 2 or beyond. Dirty Little Secret #1. Dirty Little Secret #2–4.

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Barkers Procurement

JANUARY 26, 2024

Strong wage increases may place firms under pressure to raise their prices for goods and services, which could put more of a squeeze on procurement budgets. Some experts in procurement have asked whether procurement is being overexposed to unstable sources. What are the events impacting the end-to-end supply chain ?

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Barkers Procurement

JANUARY 26, 2024

Strong wage increases may place firms under pressure to raise their prices for goods and services, which could put more of a squeeze on procurement budgets. Some experts in procurement have asked whether procurement is being overexposed to unstable sources. What are the events impacting the end-to-end supply chain ?

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Arkestro

JUNE 6, 2023

On the one side, finance is concerned with keeping the company budget in the black. On the other side, procurement is concerned with keeping company operations running smoothly and judicially making the most of budgets. Ultimately, both want the same goal — ensuring business outcomes are positive, timely, and on-budget.

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

Supply Chain Game Changer

AUGUST 19, 2022

Be it sourcing, creating, planning, or delivering, there is a clear need to adopt more digital tools and cloud-based collaboration platforms so that stakeholders are always on the same page. CLM involves the end-to-end tracking of product, payment, rebate, and delivery information in the supply chain.

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Contract supply chain budgeting Management Supply Chain Efficiency 97

ivalua

OCTOBER 29, 2019

The answer to the question posed above is that the public sector’s stakeholders – the general public and/or their constituents – have a different ‘right to service’ expectation than distributed buyers or budget owners in a corporation. Jurisdictions and agencies have unique needs that must be met by the technology they implement. .

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Jaggaer

NOVEMBER 20, 2018

Analysis of last year’s budget and items to see if changes should be made to improve the timing of meal delivery or costs. Devising a budget and planning out logistics, headcount, sourcing, and estimating. Devising a budget and planning out logistics, headcount, sourcing, and estimating.

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IBM Supply Chain Blog

JUNE 29, 2023

It involves developing detailed financial projections, including revenue forecasts, expense budgets, and cash flow forecasts. Data integration and analytics IBP relies on the integration of data from different sources and systems. These tools enable the extraction, transformation, and loading (ETL) of data from various sources.

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supply chain software solutions Real-time Visibility Agile and Lean Supply Chain Supply Chain Optimization 88

Procurement Software

APRIL 4, 2023

This is sadly missing from ERP systems, as well as some of the legacy source-to-pay suites. However, the end user and the supplier must also be placed at the centre of the user experience. To highlight this, let’s look into the source-to-pay (S2P) process to provide a working example. It’s design and feel is clunky and dated.

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Procurement Software

JULY 25, 2023

Plus, we can also perform the entire end-to-end research, due diligence and hold your hand during the sourcing process for your procurement software. Setting up the digital team to fail (lack of resources) You’ve got the budget from your CFO. Don’t spend your budget on consultants to implement complex software.

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SCMDOJO

MAY 6, 2022

Many supply chain systems are closed-source, all-in-one, proprietary, expensive, and difficult to customize ( read Why ERP Sucks ). No-code platforms offer a more accessible bridge toward closing the visible gaps between crucial groups, allowing for more flexibility and directness. Get Visibility For All Stakeholders.

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supply chain software solutions Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 111

SCMDOJO

JUNE 21, 2023

SCaaS is a technology-driven approach to managing supply chains, offering comprehensive end-to-end solutions for businesses. It involves outsourcing the entire supply chain function to a third-party provider who manages everything from sourcing raw materials to delivering finished products to customers.

Supply Chain Optimization 91

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Pipefy

JANUARY 31, 2023

Not only does this process ensure that compliance with purchasing policies is followed, it also allows the purchasing team to control spending, adhere to budgets, tap into existing discounts or credits, and gain oversight into the goods and services being requested and fulfilled. What is the purchase requisition approval process?

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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. With budgets not growing at an adequate pace, or even shrinking, procurement cannot deliver the value that digital transformation promises. It identified a couple of key challenges. One platform.

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IBM Supply Chain Blog

FEBRUARY 14, 2024

Strengthen end-to-end system resilience To help ensure uninterrupted service availability, leading organizations use real-time root cause analysis capabilities powered by AI and intelligent automation. Generative AI excels at handling diverse data sources such as emails, images, videos, audio files and social media content.

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ivalua

SEPTEMBER 13, 2020

At Ivalua, we’ve seen how a Procure-to-Pay business process ensures sustained benefits through good buying practices, improves visibility and swifter issue resolution, and enables proactive management of suppliers. Buying at negotiated prices and within budget. Solution: Automate end-to-end processes. Case in Point.

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Procurement Tactics

OCTOBER 18, 2022

The SRM aims to ensure buying from reliable suppliers, bring end-to-end visibility of supplier collaboration workflow, and improve the resilience of the supply chain. . Many companies benefit from the software as it offers improved visibility into the supply chain and enables cost traceability for enhanced budget management. .

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Pipefy

JULY 12, 2023

Here are just a few examples: Sourcing high-quality vendors faster. Should budget constraints enter the picture, you’ll be glad you did.) Intelligent process automation in action: examples and use cases We’ve examined IPA on a theoretical level, but let’s dive into what it does when put into practice.

e2e 52

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ivalua

SEPTEMBER 13, 2020

At Ivalua, we’ve seen how a Procure-to-Pay business process ensures sustained benefits through good buying practices, improves visibility and swifter issue resolution, and enables proactive management of suppliers. Buying at negotiated prices and within budget. Solution: Automate end-to-end processes. Case in Point.

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Procurement Software

MAY 16, 2023

It may feel like P2P suites are the sole preserve of large enterprises with huge budgets. Above $1 billion businesses are typically a target of established, enterprise source-to-pay and source-to-contract suites. It requires a fast return on investment (ROI) and the solution must quickly prove its value to the business.

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Spend Matters

APRIL 4, 2024

The technology opens up a wealth of capabilities not previously possible for the procurement practitioner in terms of data availability, end-to-end visibility, cost, time and risk reduction, and ultimately the overall health of the third-party network. So you had one data source, one data point.

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Supply Chain Trend

DECEMBER 22, 2023

However, only 3% of companies apply automated execution and 7% autonomous end to end planning. For example a monthly triggered risk analysis (set of simulations) from your e2e supply chain. We’ve entered an AI era where 76% of work can be augmented or automated. 2% of managers apply best practice decision methods.

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ivalua

MAY 15, 2022

To address their gaps, Amrest is building an end-to-end procurement process that covers all of their businesses and each unique challenge these operations face. Amrest needed a tool that provided global visibility into all of their brands in order to streamline their purchasing decisions. One Tool, Many Challenges.

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e2e Procurement supply chain budgeting Purchasing 130

ivalua

MAY 15, 2022

To address their gaps, Amrest is building an end-to-end procurement process that covers all of their businesses and each unique challenge these operations face. Amrest needed a tool that provided global visibility into all of their brands in order to streamline their purchasing decisions. One Tool, Many Challenges.

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e2e Procurement supply chain budgeting Purchasing 130

IBM Supply Chain Blog

MARCH 29, 2024

Addressing challenges of the energy transition with grid asset management The energy transition is gearing up to full speed as renewable energy sources replace fossil-based systems of energy production. The grid itself must green to operate within the environmental, social and governance (ESG) objectives and become carbon neutral by 2050.

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Zycus Cognitive Procurement

DECEMBER 10, 2021

Advantage Source-to-Pay(S2P). The Source-to-Pay(S2P) process begins with identifying and evaluating relevant suppliers, contracting with those suppliers, placing orders, monitoring the supply of the ordered products and services, authorization, and the final release of payment. Learn More: Zycus Source to Pay Suite.

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Finale Inventory

FEBRUARY 27, 2024

Scanning a label takes a fraction of the time needed to jot down even the briefest of details – and items are immediately visible in your online system with full product details available. This lack of visibility has an impact on the bottom line: Last year, out-of-stock products and deep discounting of excess merchandise cost merchants $244.5

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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. It helps clients conduct supply chain due diligence and meet emerging compliance obligations related to modern slavery, climate change, and sustainable sourcing. The platform assists you in finding available parts.

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Pipefy

NOVEMBER 24, 2023

Procurement solutions encompass a wide range of specific functions due to the many aspects of the procurement process, including purchase requests centralization, procure-to-pay, sourcing, budget management, supplier management, and forecasting. Sourcing tools can help organizations choose vendors that deliver greater long-term value.

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Pipefy

FEBRUARY 13, 2023

Procurement is the process businesses use to source and obtain goods/services from external suppliers to achieve strategic objectives and fulfill business needs or purchase requests. After all, both processes evaluate needs, closely examine budgets, establish schedules, and identify product requirements and specifications.

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Una

JULY 28, 2022

But what happens when sourcing professionals realize the importance of letting its guard down and begins working alongside other teams? They wield massive budgets, deal with a complex category , and require technical knowledge to do their job properly. Integrate procurement and finance systems to create a single source of truth.

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IBM Supply Chain Blog

APRIL 4, 2024

And while enterprise resource planning (ERP) integrates and manages all aspects of a business, BPM focuses on its individual functions—optimizing the organization’s existing, repeatable processes end-to-end. BPM can also provide real-time visibility into claim status and performance metrics.

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Pipefy

AUGUST 10, 2023

In contrast, process intelligence automatically and continuously acquires data at scale, resulting in clear visibility into an organization’s journey towards improving its processes. Data collection and integration Process intelligence collects data from various sources, including company databases and other IT systems.

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Supply Chain Game Changer

NOVEMBER 16, 2022

It helps bring predictability to Strategic Sourcing, automates Transactional Procurement (or P2P cycle), and enables proactive Supplier Risk Management. In the end, the company can understand its costs and budgeting better. This article will examine the top benefits and most typical challenges with procurement automation.

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Supply Chain Efficiency Procurement Real-time Visibility Supply Chain Optimization 19

Procurement Software

JUNE 20, 2023

Not only that, it also offers a single source of truth, having all of your contract documents and contract management data in one place. Above $1 billion businesses are typically a target of established, source-to-contract and contract lifecycle management suites. We did a Live Demo stream with Cobblestone back in October 2022.

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Procurement Software

JANUARY 23, 2024

End-to-end encryption provides a uniquely secure way to sign and store contracts, eliminating the need for dedicated servers and VPN connections. It supports them in budgeting, requesting, and ordering articles and services for their business, while benefiting from better purchasing conditions.

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Empowering CPO

JUNE 25, 2023

Procurement, in its simplest form, is the process by which businesses acquire the goods, services, or works they need from external sources. Through tools like spend analysis, businesses can gain in-depth insights into their spending patterns, identify cost-saving opportunities, and drive strategic sourcing.

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