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ERP vs. Best-in-Class — What is Best for Managing the Healthcare Supply Chain

ivalua

ERP vs. Best-in-Class for Healthcare Supply Chain Management? Are ERP systems better than best-in-class supply chain solutions for managing healthcare supply chains? That’s the question we set out to answer in our recent panel discussion with Procurement and Supply Chain experts.

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Top 10 TikTokers to Take Off your Supply Chain

SCMDOJO

Try this as a tongue twister: “Tripping through tantalizing TikTokers, tenfold to transform your tangled supply chain!” In our digital age, where viral trends dominate, TikTok’s influence now extends to supply chain management. Discover the Top 10 TikTokers reshaping how you view supply chains.

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The AI Advantage: Unlocking New Value for Procurement Teams

World of Procurement blog

Monitoring supplier relationships : AI can track supplier performance metrics, analyze contract terms for risks, and identify opportunities to improve supplier relationships. Enhancing contract management : Natural language processing enables AI to extract key data from contracts.

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Procurement 101: Your Essential Guide to Strategic Sourcing

World of Procurement blog

Scope : Procurement spans the entire process from identifying requirements to contract closure. Value-add : Procurement aims to add value by optimizing processes, consolidating spend, and building supplier relationships. Order Fulfillment Once a contract is signed, the supplier begins delivering goods or services as per the agreement.

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The Intersection of Technology and Managed Procurement Services

Empowering CPO

Our offerings, from spend analysis and sourcing support to contract and supplier management, are designed to optimize procurement operations, improve efficiency, and drive cost savings. The latter involves using technology to automate, streamline, and optimize procurement processes.

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The Impact of Digital Transformation on Spend Analysis

Empowering CPO

Within this domain, spend analysis plays a pivotal role in enabling informed decision-making and optimizing procurement processes. Traditional approaches to spend analysis relied heavily on manual processes and limited data visibility. This enables better analysis, identification of trends, and informed decision-making.

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Innovative Procurement Models: Exploring Different Approaches

Empowering CPO

It is a strategic process that involves identifying business needs, sourcing suppliers, negotiating contracts, managing supplier relationships, and ensuring the timely delivery of high-quality products or services. It also facilitates data collection, which can be used for analytics and strategic decision-making.