Procurement Insights

JANUARY 3, 2025

Key metrics were tied to cost reduction and spend under management. Minimal Strategic Involvement : Procurement was often siloed, with limited involvement in broader corporate strategies. CFOs began to see procurement as critical to business continuity and organizational agility.

Agile and Lean Supply Chain 52

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

SCMDOJO

MARCH 25, 2022

In the current era, it is clear that new modes of production are concomitant with new modes of distribution, which advances the field of logistics, the science of physical distribution or even supply chain management. Reminder of Key Definitions – Logistics & Supply Chain Management. What is Logistics and Supply Chain Management?

Supply Chain Efficiency 138

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization Logistics 138

Supply Chain Game Changer

JANUARY 19, 2022

Strategies to improve your Supply Chain article and permission to publish here provided by Claire Glassman. The supply chain is a significant part of your overall business strategy and inventory management. In other words, it provides you with a real competitive advantage against some companies in your industry.

Supply Chain Efficiency 109

Supply Chain Efficiency Agile and Lean Supply Chain Supply chain Strategy 109

SCMDOJO

NOVEMBER 24, 2023

A warehouse management system for e-commerce makes managing a giant warehouse 24/7 no easy task. Barcode systems, RFID labeling, hi-tech automated robots for pallet movement, ERP systems, transport management systems, logistics software, augmented and Virtual reality wearables, etc are some of the hi-tech features of WMS.

Supply Chain Efficiency 96

Supply Chain Efficiency supply chain software solutions Real-time Visibility Supply Chain Optimization 96

Finale Inventory

JULY 30, 2024

Running a successful bar requires careful management of your inventory. A well-organized system saves time and money, ensuring your customers always have access to their favorite drinks. That’s where Finale Inventory comes in—a powerful tool designed for effective bar inventory management.

Inventory 52

Inventory Real-time Visibility Management Order Fulfillment 52

IBM Supply Chain Blog

JANUARY 23, 2024

Procurement departments tend to be less visible to many stakeholders than sales, operations or even finance departments, but the impact they have on everything from the bottom line to product quality and service delivery shouldn’t be overlooked, which is why “procurement excellence” is a worthy pursuit.

Procurement 86

Procurement Real-time Visibility Contract Suppliers 86

Planergy

SEPTEMBER 5, 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. Using financial tools can help save time and resources while improving accuracy in the budgeting process. Why is Business Budgeting Important?

supply chain budgeting 92

supply chain budgeting Budget Real-time Visibility Spend management 92

IBM Supply Chain Blog

JUNE 29, 2023

To be successful, businesses need to have clear, real-time visibility into the condition of their assets and a plan to keep them running smoothly and make repairs quickly when things break. This is why asset reliability is such a critical component of business strategy. What is an asset?

Real-time Visibility 80

Real-time Visibility Management Strategy Data 80

Let's Talk Supply Chain

MARCH 30, 2023

The Challenges with EDI One of the main challenges that every company faces with EDI is the time and resources it takes to onboard new trading partners. The average time to onboard and go live with a new partner is about 12 weeks and typically involves IT specialists, software developers, and EDI experts. Orderful is EDI Done Right.

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain supply chain software solutions Supply Chain Efficiency Supply chain 98

Jaggaer

MAY 14, 2019

Source-to-Pay software or, simply put, S2P is an integrated suite of applications developed to take care of and manage each and every process within the procurement function. T he success of a S2P software implementation project relies greatly on the business case it follows. The procurement strategy . Improved visibility.

Real-time Visibility 81

Real-time Visibility Buying process Procurement strategies Purchasing 81

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. Strategic planning Integrated Business Planning starts with strategic planning.

supply chain software solutions 76

supply chain software solutions Real-time Visibility Agile and Lean Supply Chain Supply Chain Optimization 76

IBM Supply Chain Blog

JUNE 5, 2024

They offer app developers on-demand scalability and faster time-to-benefit for new features and software updates. Broadly speaking, application analytics refers to the process of collecting application data and performing real-time analysis of SaaS, mobile, desktop and web application performance and usage data.

Real-time Visibility 79

Real-time Visibility Data Networking Quantity 79

Pipefy

JANUARY 14, 2025

Its adoption reshapes business strategies, optimizes processes, and creates new opportunities for companies and employees. How Does Artificial Intelligence Impact Business Strategies? The impact of artificial intelligence is redefining business strategies across all industries.

Real-time Visibility 52

Real-time Visibility Business strategy Data Strategy 52

NLPA (Next Level Purchasing Association)

DECEMBER 14, 2022

Inability to execute good Business Strategies. Flawed or outdated Technology and Equipment that limits visibility. Inefficient Logistics and Business Metrics. The Next Level Purchasing Body of Knowledge underpins, integrates and enhances the essential components of Supply Chain Management in simple how-to-do steps.

Agile and Lean Supply Chain 52

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

Supply Chain Game Changer

SEPTEMBER 17, 2019

This article was posted on Oracle’s Supply Chain Management blog. Most supply chain leaders recognize that it’s an incredibly exciting time to be working in the field. At the same time, they must also develop strategies to significantly advance their capabilities in anticipation of overcoming their issues with the basics.

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Supply Chain Efficiency Supply chain Real-time Visibility 59

HICX

DECEMBER 11, 2023

Digital transformation provides businesses with new opportunities, streamlined processes and operations, and the ability to make better-informed decisions based on more accurate data. Supplier Management is an area within businesses that frequently shows significant potential for transformation through new and emerging digital technologies.

Supply chain management 52

Supply chain management Supply chain management Supply Chain Efficiency Agile and Lean Supply Chain 52

Supply Chain Game Changer

JULY 14, 2021

Procurement and Sustainability are two disciplines and business functions that exist in a perfectly harmonious contradiction. Chief Procurement Officers’ priorities seem to be changing with the times in order to further implement initiatives necessary to meet broader organizational goals. out of 10, on average — an increase from 6.2

Sustainability 98

Sustainability Procurement supply chain budgeting Agile and Lean Supply Chain 98

Arkestro

AUGUST 1, 2022

For the longest time, the procurement scale has tipped in favor of the buyer. However, the post-pandemic era has seen a dramatic shift in the business landscape. The supplier relationship management dynamic has changed, with procurement processes becoming increasingly supplier-centric. The balance of power has shifted.

Supplier relationship management 52

Supplier relationship management Suppliers Management Buyers 52

Empowering CPO

JUNE 30, 2023

Introduction In the dynamic world of business, the ability to effectively manage and optimize supply chains has emerged as a critical success factor. At the heart of this revolution lies a powerful tool that many companies are now leveraging to achieve competitive advantage: Managed Procurement Services.

Supply Chain Optimization 52

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

Empowering CPO

JULY 3, 2023

Introduction In the complex and fast-paced business world of today, Managed Procurement Services (MPS) have emerged as a key solution for enterprises seeking to streamline their operations, improve efficiencies, and achieve cost savings. Procurement is no longer just about purchasing goods and services at the lowest cost.

Innovation 52

Innovation Strategy Procurement Management 52

World of Procurement blog

APRIL 23, 2024

Understanding Procurement Technology Procurement technology refers to the software and systems that automate and streamline procurement processes for businesses, covering everything from sourcing materials and services to managing contracts and analyzing spending. Examples include IBM Emptoris and Oracle Supplier Management.

Procurement 52

Procurement Supply Chain Efficiency Real-time Visibility Purchase orders 52

IBM Supply Chain Blog

JANUARY 8, 2024

Becoming a real-time enterprise Businesses often go on a journey that traverses several stages of maturity when they establish an EDA. Stage 3—Socialization and management An increase in adoption drives a need for better management of event socialization and exposure. How will access be controlled?

Real-time Visibility 73

Real-time Visibility Export Sourcing Supply Chain Efficiency 73

Claritum

JULY 31, 2018

This article focuses on effective supplier management. The five pillars of effective supplier management covered in this article are: Supplier Information Management. Supplier Lifecycle Management. Supplier Performance Management. Supplier Risk, Diversity and Compliance Management.

Suppliers 42

Suppliers Management Real-time Visibility Purchasing 42

Pipefy

JANUARY 30, 2024

Improvements to existing procurement processes, procedures, and operations are as time-sensitive as ever. In the 2024 State of Procurement Data Report by Amazon Business, 95% of decision-makers surveyed acknowledge that there’s room for procurement optimization. Contract and compliance management. Purchase orders.

Agile and Lean Supply Chain 52

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

Pipefy

DECEMBER 27, 2024

The influence of AI and automation on strategies Process automation with AI plays a crucial role in redefining business strategies. By handling repetitive operations and providing real-time data, AI automation helps leaders make quicker and more informed decisions.

Real-time Visibility 52

Real-time Visibility Innovation Ethics Strategy 52

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. Procurement solutions are classified into two categories: pure platforms and tools.

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency e2e 52

Pipefy

APRIL 4, 2023

Business goals like maintaining high productivity levels, controlling costs and keeping customers satisfied all depend on the process quality and consistency. To build better processes, many businesses rely on a business process management system (BPMS). What is a BPMS?

Real-time Visibility 52

Real-time Visibility e2e Data Import 52

FourKites

DECEMBER 11, 2020

Learn more about how customer services contributes to the ROI of Real-Time Transportation Visibility. In the consumer space, it’s often a perfectly viable business strategy to sell a product or service that your customers never even thought they might want until you presented it to them.

Supply Chain Efficiency 52

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

IBM Supply Chain Blog

MARCH 20, 2023

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.

Data 52

Data Strategy e2e Business strategy 52

The Network Effect

APRIL 29, 2016

The common adage that management is both art and science is a truism. This adage serves as a way of indicating a rather complex reality involving management. Management is a science in that there are known facts and reasoning involved that produces dependable results. By Thompson Brockmann, Partner, Tompkins International.

Real-time Visibility 40

Real-time Visibility Warehouse operations Order Fulfillment Business strategy 40

Empowering CPO

JULY 16, 2023

Introduction Brief Explanation of Managed Procurement Services In today’s interconnected business world, the seamless acquisition of goods and services is paramount to the smooth operation of any organization. This is where managed procurement services come into the picture.

Supply Chain Efficiency 40

Supply Chain Efficiency Management Procurement Supply Chain Optimization 40

Pipefy

OCTOBER 24, 2023

This gives teams more visibility and control by providing a central hub for all purchases, payments, and other information. Better visibility improves alignment between buyers, legal teams, and accounts payable. In some cases, teams over rely on spreadsheets and email threads to manage these requests.

Real-time Visibility 52

Real-time Visibility e2e Procurement Procurement team 52

Pipefy

DECEMBER 6, 2023

No matter how much they differ, efficient and friction-free workflows typically share the following traits: they provide visibility, employees are aligned on changes and requirements, fosters accountability, and creates a positive business impact. Visibility Each step in a workflow should be visible.

Real-time Visibility 52

Real-time Visibility e2e Data Strategy 52

Supply Chain Game Changer

NOVEMBER 25, 2018

This radical shift in customer behavior and expectations regarding deliveries means that many organizations will have to remake their entire supply chain in order to become more agile, and remain competitive in a world where an optimized, lean and efficient logistical infrastructure is at the core of a successful customer-centric business.

Logistics 58

Logistics Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization 58

Pipefy

AUGUST 1, 2023

Today, however, success requires a detailed review and breakdown of each process a business carries out to make and deliver its goods and services (also known as operations). This operations overview, or process visibility , can reveal common areas of waste and bottlenecks that cost companies millions in time and revenue each year.

Strategy 52

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

Pipefy

DECEMBER 28, 2022

These numbers have caught the attention of business leaders and managers who want to stay ahead of the competitive curve. What leaders may not glean is exactly how low-code will transform their businesses. Read the report Low-Code Automation: Good for Business, Great for IT Download now. Low-code helps deliver better UX.

Real-time Visibility 52

Real-time Visibility Import Business strategy Management 52

Barkers Procurement

JULY 21, 2024

Step 1: Define Clear ESG Objectives and Strategy Before integrating ESG practices into your supply chain, it is crucial to define what ESG means for your business. This involves setting clear, achievable objectives aligned with your overall business strategy.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply chain Supply Ethics 52