Supply Chain Game Changer

SEPTEMBER 17, 2019

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. You would measure lead time in days or even weeks. Mike Mortson.

Agile and Lean Supply Chain 59

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

Empowering CPO

JUNE 14, 2023

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. These models are often accompanied by practices such as annual rate contracts, bulk buying, and just-in-time purchasing.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Empowering CPO

JUNE 22, 2023

Risk Mitigation: Spend analysis can reveal dependencies on certain suppliers, leading to better risk management and more diversified supplier portfolios. Compliance Monitoring: It can help to ensure that purchasing activities are in line with company policies and regulations, reducing the risk of non-compliance.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

The Procuretech Podcast

OCTOBER 3, 2022

FinTech content at the time was a lot more attractive: Punchy articles, simple “How To.” This takes consultation and a lot of time. People often jump on a new technology without thinking about the bigger picture of change management. You can implement the best technology but with poor change management it will fail.

supply chain software solutions 40

supply chain software solutions supply chain budgeting Supply chain Supply 40

Procurement Software

MAY 16, 2023

Mid-market businesses, on the other hand, could invest in this software and easily see a quick return if they have the right change management and procurement talent in place. Onventis Onventis provides a Procure-to-Pay module for buyers that streamlines the procurement process from purchasing to payment.

Procurement 96

Procurement Purchase orders Real-time Visibility Purchasing 96

IBM Supply Chain Blog

APRIL 4, 2024

Conversely, it has a larger scope than task management, which deals with individual tasks, and project management, which handles one-time initiatives. Document-centric BPM is for efficiently managing documents and content—such as contracts—within processes.

Real-time Visibility 60

Real-time Visibility Management e2e Supply Chain Efficiency 60

Empowering CPO

JUNE 20, 2023

It’s what enables businesses to gain visibility into their spending, identify inefficiencies, and uncover opportunities for cost savings. This includes purchase orders, invoices, credit card transactions, expense reports, and supplier contracts, among others. So, how do you go about collecting data for spend analysis?

Data 40

Data Real-time Visibility Suppliers Sourcing 40

ivalua

JANUARY 12, 2023

To avoid this pitfall, it is necessary for public procurement teams to routinely review the entire process and challenge steps to ensure that requirements are necessary to meet rules or requirements and/or deliver real value. . It is vital that public procurement teams develop a data insight strategy to gain visibility into their operations.

Strategy 130

Strategy Real-time Visibility Procurement Procurement team 130

Supply Chain Game Changer

NOVEMBER 16, 2018

This would prove to be my first real lesson in Cash Management which could not have been made more intense and immediate! The fact that we reached out to them and talked to them, as opposed to just not paying our bills and not telling them, bought us some goodwill and time. Visibility and Responsibility.

Management 53

Management Real-time Visibility Inventory Supply chain 53

Procurement Insights

AUGUST 30, 2023

They say that, like truth, good ideas stand the test of time. Considered to be a breakthrough assessment of the purchasing industry at the time, I felt that there were several gaps in the study. The Dangerous Supply Chain Myths series was based on my review of the ISM, CAPS and A.T.

Real-time Visibility 52

Real-time Visibility Procurement supply chain software solutions Buyers 52

Empowering CPO

MAY 4, 2023

By effectively managing the purchasing process, companies can better control their expenditures and optimize their supply chain, ensuring the availability of the right products and services at the right time. Some of the key benefits include: 1. Develop a Comprehensive Procurement Strategy A.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

Procurement Leaders

JUNE 1, 2022

Excluded from planning meetings and strategic decisions, and with a team lacking the knowledge and relationships to drive real change, procurement was extremely decentralised, in control of just 30% of global spending and focused mostly on tactical, transactional activities. Change management.

Procurement 130

Procurement Strategic sourcing Strategic sourcing Leadership 130

Procurement Insights

OCTOBER 20, 2023

At the time, it was as much whimsy as it was reasonable contemplation. I say reasonable because that was the time when many people started asking the question, “Why can’t buying at work be as easy as it is at home on Amazon? .” ” Comparison Results: Amazon AWS is the clear winner in this comparison.

Real-time Visibility 65

Real-time Visibility Buyers Eprocurement Procurement 65

ivalua

FEBRUARY 25, 2021

They may not consider potential issues of integrations, supplier onboarding, supply chain data management, change management and system optimization, all of which add to complexity and costs. Sustainable master data management and governance: As much as 55% of projects fail due to data management issues.

supply chain budgeting 221

supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 221

Pipefy

AUGUST 18, 2023

Process discovery includes the identification and definition of activities and tasks comprising a process; its purpose is to make all stages in a process visible in order to ensure clear responsibility for each of those phases. These inefficiencies lose hours and money that can add up to huge amounts of waste over time.

Import 52

Import Real-time Visibility e2e Data 52

Empowering CPO

JUNE 25, 2023

From automated purchase order creation to electronic invoice processing, automation has freed procurement professionals from mundane tasks, allowing them to focus on strategic activities. They were time-consuming, error-prone, and lacked the sophistication to handle large volumes of data or complex analyses.

Procurement 52

Procurement supply chain budgeting Real-time Visibility Supply Chain Efficiency 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. working with suppliers or customers was not a priority for most managers at the time. and J-P Rodrigue (2004)).

Supply Chain Efficiency 131

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

Planergy

OCTOBER 13, 2023

Modern Spend Management and Accounts Payable software. Helping organizations spend smarter and more efficiently by automating purchasing and invoice processing. 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.

Budget 52

Budget Purchasing Real-time Visibility Management 52

Procurement Software

JUNE 20, 2023

While this article focuses on procurement contract management software, some of these platforms also have features for Sales and Legal. This is important when considering contract management software for mid-market businesses. Contract management software covers a pretty broad spectrum.

Contract management 52

Contract management Contract e2e Management 52

Solvoyo

MARCH 5, 2021

Remember those times when we used to stroll down the block and find local stores such as the mom-and-pop diners and get the chance to relish the coziness and sense of family environment there. Planners spend their precious time collecting and synthesizing the data to drive insights. . Having up-to-date supplier lead times.

Agile and Lean Supply Chain 52

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

IBM Supply Chain Blog

JUNE 30, 2023

To do that, technicians, facility managers, maintenance teams, reliability engineers and project managers need accurate, real-time information at their fingertips. Data was siloed, hidden away in a multitude of spreadsheets and filing cabinets, and carrying out tasks manually was time-consuming.

Management 65

Management supply chain software solutions Supply Chain Optimization Supply Chain Efficiency 65