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. Software like Concord and Agiloft comes to mind.

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Procurement Supply Chain Efficiency Real-time Visibility Purchase orders 52

EazyStock

APRIL 18, 2023

Supply chain managers and inventory management professionals face a constant barrage of supply chain crises, with one always waiting around the corner. With every crisis comes the potential for supply chain disruption that can cause chaos for stock-holding businesses. Global supply chains.

Supply Chain Optimization 52

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

Supply Chain Game Changer

MARCH 9, 2021

Subscribe to Supply Chain Game Changer. Supply Chain as a Service (SCaaS)! Starting and growing a business is already a daunting task without even considering the Supply Chain construct needed to make the business run. Expertise and capital availability does not usually prioritize Supply Chain.

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supply chain software solutions Supply Chain Optimization Supply chain Supply 90

Skill Dynamics

AUGUST 15, 2022

Strategic supplier relationship management (SRM) is a key factor for driving competitive advantage for multi-national organizations. We’ve highlighted the most important elements to help improve supplier relationship management: Foster the right behaviors. Get the most out of strategic suppliers. Effective communication.

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Supplier relationship management Suppliers Strategy Management 52

Procurement Heads

SEPTEMBER 1, 2022

Due to their extensive knowledge and ability to ‘parachute’ into organisations at short notice, interim hires are an attractive offering for many businesses in need of immediate support. Has demand for interim supply chain professionals increased as a result of Brexit, the pandemic and geopolitical situations? Absolutely.

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supply chain software solutions Supplier relationship management Supply chain Demand 130

Supply Chain Game Changer

JUNE 11, 2019

Subscribe to Supply Chain Game Changer. What is Supply Chain Management (SCM)? When I started my career the term “Supply Chain” had just been coined. Now as I look back on my career virtually everything I did falls under the banner of Supply Chain management. Subscribe Here!

Agile and Lean Supply Chain 105

Agile and Lean Supply Chain Supply Chain Optimization supply chain software solutions Supply chain 105

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. A procurement strategy is not merely a series of steps for acquiring goods and services.

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Procurement strategies Strategy Procurement Supply Chain Efficiency 73

Planergy

AUGUST 16, 2022

How AP can improve relationships with your key suppliers. Supplier Development: What It Is, And How To Manage It. Best Practices & Tips Supplier Performance Supplier Relationship Management. For the best results, a company should approach supplier development strategically and systematically. Written by.

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Suppliers Management supply chain budgeting Supplier relationship management 52

Supply Chain Game Changer

NOVEMBER 13, 2018

When I began my career there was no such thing as “Supply Chain Management” Supply Chain was not a title to be found anywhere on any organization chart. So what exactly is the definition of “Supply Chain Management”? Interestingly there are many views on how to define Supply Chain.

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Supply chain management Supply chain management Supply Chain Optimization supply chain software solutions 72

ivalua

MARCH 31, 2020

31 March, Redwood City, CA – Ivalua, a leading provider of global spend management cloud solutions , has announced the latest findings of a worldwide study of supply chain, procurement and finance business leaders on Effective Procurement Performance Measurement.

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Procurement Procurement team supply chain software solutions Supply chain 130

Pipefy

DECEMBER 20, 2023

Strategic procurement, or procurement strategic planning, is a data-driven process that helps businesses align procurement and business goals. The result is greater supply chain predictability, more accurate decision-making, and better business agility. What is strategic procurement?

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Agile and Lean Supply Chain Strategic planning 52

Pipefy

OCTOBER 25, 2023

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. The same percentage reported considered error reduction as a main driver behind their adoption of process automation software.

Innovation 52

Innovation Strategy e2e Supply Chain Efficiency 52

ivalua

AUGUST 29, 2019

Procurement teams are becoming a more intrinsic part of business strategy, able to help organisations manage and predict supply chain risk, unlock innovation, create sustainable cost savings, and help grow revenue. Leading the charge in navigating this constantly shifting trading environment is the Procurement department.

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Procurement Procurement team Supply Chain Efficiency Business strategy 154

Supply Chain Opz

JUNE 1, 2014

Professionals in supply chain management use various methods to identify best practices to improve the operations. Analysis of case study is certainly one of the most popular methods for people from business management background. Supply Chain of fashion industry involves a time based competition.

Agile and Lean Supply Chain 95

Agile and Lean Supply Chain supply chain software solutions supply chain budgeting Supply chain 95

Jaggaer

APRIL 22, 2019

With that, global businesses are committing to key sustainability objectives such as reducing greenhouse gas emissions , eliminating slave labor , avoiding plastics , conserving water used in production , tapping into renewable energy sources and more. A quick look at the regulatory landscape. Procurement at the pivot point.

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Sustainability Supply Chain Efficiency Procurement supply chain software solutions 91

Empowering CPO

JUNE 9, 2023

Procurement metrics can cover a wide range of aspects, from cost-saving measures to supplier performance, and are crucial for making data-driven decisions. They help to highlight areas of improvement, streamline operations, and ultimately contribute to the overall success of the business. That’s where KPIs come in.

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Procurement Supply Chain Efficiency Agile and Lean Supply Chain Quality 52

Zycus Cognitive Procurement

SEPTEMBER 28, 2022

Luke Elliott discussed the dramatic shift in Procurement landscape and how Digital Procurement can help leaders stay resilient in the face of current challenges with respect to price inflation being at a 40-year high and disruptive supply chains leading to stock issues. 96% of the leaders believe that this a long-term trend.

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Procurement Chief Procurement Officer Agile and Lean Supply Chain Supply Chain Optimization 40

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.

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Supply chain management Supply chain management Supply Chain Efficiency Agile and Lean Supply Chain 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. and J-P Rodrigue (2004)).

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Supply Chain Efficiency Agile and Lean Supply Chain Logistics Supply Chain Optimization 131

Planergy

AUGUST 9, 2022

How AP can improve relationships with your key suppliers. The Pros and Cons For Business. Fulfillment Inventory Management Supply Chain Management. In this article, we’ll look at the benefits of dropshipping, its business model, wholesalers and suppliers, and everything in between. Download Free Copy.

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Order Fulfillment Inventory Purchasing Suppliers 52

ivalua

MARCH 31, 2020

REDWOOD CITY, Calif. , March 31, 2020 /PRNewswire/ — Ivalua, a leading provider of global spend management cloud solutions , has announced the latest findings of a worldwide study of supply chain, procurement and finance business leaders on Effective Procurement Performance Measurement. About Ivalua.

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Procurement team Procurement supply chain software solutions Spend management 47

Jaggaer

OCTOBER 8, 2019

This does not necessarily mean “hands-on” knowledge of software development, as the software applications are now available in secure multi-tenant cloud-based solutions. They should also extend this digitalization to supply chain management (supplier portal, webEDI, etc.) 4) The “Day of Digitalization”.

Procurement 40

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

Supply Chain Brain

JULY 16, 2018

As part of an annual effort, Accenture surveyed 30 A&D companies, encompassing original equipment manufacturers (OEMs) as well as tier 1 and 2 suppliers. In recent years, A&D has come to rely more heavily on an army of suppliers to provide not only individual parts, but entire systems and pre-assembled portions of an aircraft as well.

Supply Chain Efficiency 40

Supply Chain Efficiency supply chain software solutions Bill of materials Supply Chain Optimization 40

SCMDOJO

NOVEMBER 24, 2023

WMS helps you improve productivity and profit through advanced software and technologies. 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 65

Supply Chain Efficiency supply chain software solutions Real-time Visibility Supply Chain Optimization 65

Zycus Cognitive Procurement

JANUARY 31, 2023

As businesses strive to remain competitive in times of economic uncertainty, there is an increased need for effective supplier relationship management. A strong collaboration between the purchaser and suppliers can result in lower costs and better quality products, while driving innovation.

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Supplier relationship management Suppliers Management Supply Chain Efficiency 40

Planergy

DECEMBER 22, 2022

How AP can improve relationships with your key suppliers. Another key part of an ESG strategy is engagement with stakeholders. This means talking to and working with groups interested in the company’s activities – such as employees, customers, suppliers, community members, NGOs, etc. Download Free Copy. Download PDF.

Data 52

Data Strategy Sustainability Ethics 52

Pipefy

JANUARY 30, 2024

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.

Agile and Lean Supply Chain 52

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

Empowering CPO

MAY 4, 2023

Importance of procurement in modern businesses In today’s fast-paced and competitive business landscape, procurement plays a crucial role in driving efficiency, cost savings, and overall success. Advantages of digital procurement systems The digital transformation of procurement processes offers numerous advantages to businesses.

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Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

Pipefy

MAY 9, 2023

Definition of procurement KPIs Key performance indicators (KPIs) are measurements of the efficacy of a business department, process, or strategy. They are essential to measure the costs and reliability of a business strategy, as well as the performance and results. This is why supplier diversity is so important.

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Procurement Real-time Visibility supply chain budgeting Procurement team 52

IBM Supply Chain Blog

FEBRUARY 2, 2024

A 2023 report found that global investment in green or low-carbon energy sources exceeded USD $1 trillion, 1 while advanced data collection tools and artificial intelligence (AI) are helping to better monitor emissions and inform sustainability strategy. What is sustainability? 2 Sustainability , United Nations, January 2024.

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Sustainability Supply Chain Efficiency Supply Chain Optimization supply chain software solutions 95

Planergy

SEPTEMBER 12, 2023

Vertical Integration: By taking control of different stages of the production or distribution process, businesses can gain supply chain control, reduce costs, increase efficiency, and differentiate their products and services. What is Horizontal Integration?

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Supply Chain Optimization supply chain budgeting 52

Pipefy

JANUARY 9, 2024

Following global disruptions that halted supply chains and shifted business models from reactive to proactive, smart procurement is essential for: Navigating business challenges Increasing transparency. Making more agile and accurate business decisions.

Supply Chain Efficiency 52

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

Supply Chain Game Changer

NOVEMBER 17, 2018

Find a Supplier. Small businesses who already have a product don’t need to worry about this step, but for those just starting out this step is crucial. Once you’ve chosen your product, you’ll need to find a supplier. supplier or someone who sells your product wholesale. Based Suppliers. Calculating Revenue.

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Export Price Real-time Visibility Supply Chain Optimization 43

FourKites

DECEMBER 11, 2020

What is a customer-focused supply chain? Having a customer-focused supply chain essentially means meeting the customer on their terms, rather than making them settle for yours. In this article we’ll cover the following areas of customer-driven supply chain strategy: The importance of a customer-driven supply chain.

Supply Chain Efficiency 52

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

The Good Spending

AUGUST 23, 2022

The value creation process includes: quality and customer service, supplier relationship, employee enrichment, community benefit, stockholder reward. The business must engage its stakeholders to effectively create, trade, and sustain value. Briefly, it is the next step from TCO-based supplier selection.

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Procurement supply chain budgeting Supply Chain Optimization Budget 98

The Network Effect

APRIL 16, 2015

It is difficult to come across many supply chain leaders today who do not subscribe to the principle of Demand-Driven Supply Chains. As supply chain experts we continue to write about, provide webinars, present at conferences, and assist numerous client companies to progress towards the Demand-Driven Supply Chain model.

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supply chain budgeting supply chain software solutions Demand Supply Chain Optimization 66

Pipefy

NOVEMBER 24, 2023

Many organizations have implemented software automation tools that allow them to get more done at a lower cost, but procurement is one area that has lagged behind in this trend. A single solution can and should perform as many of these steps as possible, although this goal is typically difficult to achieve.

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