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Smarter Insights, More Innovative Solutions: Why Procurement Needs a Seat at the Strategy Table

Pipefy

From reducing waste and containing costs to mitigating risks such as procurement fraud and inflated expenses, procurement’s insights and expertise can help businesses navigate some of their most pressing challenges. All this combined is a recipe for end-to-end operational inefficiency.

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Streamlining supply chain management: Strategies for the future

IBM Supply Chain Blog

Technology-driven visibility AI and machine learning can be used to analyze large amounts of data quickly and accurately, providing insights that can improve forecasting, inventory management, and customer service. A supply chain control tower can connect many sources of data-driven information and improve end-to-end visibility.

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How to successfully align your data and analytics strategy

IBM Supply Chain Blog

To successfully align your data and analytics strategy with your business strategy, you need the right data architecture in place. A recent IBV Chief Data Officer study revealed that 63% the top the CDOs surveyed are aligned with the business strategy in compared to 48% of other surveyed CDOs.

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Spend Matters Future 5 2023 – Introducing akirolabs

Spend Matters

We believe these companies deserve greater visibility, especially in a market which is increasingly consolidating and diluting buyer choices. The process we ended up digitalizing,” Michael concludes, “was the strategic procurement process.” akirolabs derives procurement strategies from the overarching business strategy.

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Procurement Technology: 6 Solutions You Should Know In 2024

Pipefy

Because procurement teams provide critical insights to inform business strategy , identifying opportunities to cut costs is one of the most important ways they do this. Procurement teams also share crucial data and information that business leaders need in order to make choices, set strategy, and remain competitive.

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Intelligent Supply Chain Technologies for the Future!

Supply Chain Game Changer

The impending changes include connected, end-to-end, value chains, and more intelligent, automated, and autonomous distribution systems. Businesses can also look to empower employees within the supply chains by providing advanced technologies to collate workers’ perspectives.

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Strategic Procurement: What Is Is and Why It’s Essential for Business Resilience 

Pipefy

It also benefits end-to-end procurement management since visibility and transparency are emphasized. For example, if the company is prioritizing ESG, the procurement team may source from suppliers or vendors that are compliant with certain business requirements or compliance standards.