World of Procurement blog

MAY 8, 2024

What is Supply Chain Management (SCM) Supply Chain Management (SCM) is the management of the flow of goods, services, information and finances as they move from raw materials to final product, from manufacturer to consumer. Optimized supply chains lead to improved profit margins.

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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. Rider (1970)).

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Supply Chain Efficiency Agile and Lean Supply Chain Logistics Supply Chain Optimization 132

Supply Chain Game Changer

FEBRUARY 15, 2022

Subscribe to Supply Chain Game Changer. For many people who work in Supply Chain Management, or for those on the outside, it functions on the foundation of processes, formulae, and metrics. This is very much the core of Supply Chain education and certification as well. Subscribe Here! Email Address.

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Supply chain management Supply chain management Supply Chain Optimization Agile and Lean Supply Chain 92

ivalua

FEBRUARY 25, 2021

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

Empowering CPO

JUNE 27, 2023

Within this domain, spend analysis plays a pivotal role in enabling informed decision-making and optimizing procurement processes. Spend analysis involves the systematic examination of purchasing data to gain insights into spending patterns, supplier performance, and potential areas of improvement.

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Real-time Visibility Supply Chain Efficiency Supply Chain Optimization Data 40

Procurement Software

JUNE 13, 2023

There doesn’t seem to be a month go by without a new solution coming onto the market offering eSourcing software as part of their offering. Knowing which solution is suited to your business and level of procurement maturity is a minefield. Which eSourcing solutions are best suited to mid-market businesses?

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supply chain software solutions Contract management Contract Sourcing 52

Supply Chain Game Changer

NOVEMBER 15, 2018

And What is Purchasing? Some departments or remote facilities may want to keep managing negotiations on their own. And Group Purchasing Organizations (GPOs) are specifically designed to deliver benefits from Spend Aggregation. Without a proper Change Management program this can often be the greatest obstacle of all.

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Solvoyo

MARCH 5, 2021

For businesses of all sizes, the digital transformation of supply chain planning became the most important initiative. . Considering this surge in digital transformation and the changing needs of 2021, here are some insights and tips for embarking on Supply Chain Digital Transformation projects.

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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.

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Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

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.

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IBM Supply Chain Blog

JUNE 30, 2023

The growing complexity and scale of operations across industries and the need to track, monitor and manage assets, have been driving the evolution of advanced asset management software. A CMMS automates critical asset management workflows and makes them accessible and auditable. Let’s explore these in more depth.

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

IBM Supply Chain Blog

DECEMBER 7, 2023

Finally, the optimized data gets stored in one location, where it can be accessed most readily. Effective change management can prevent strategy deviations, as could occur if staff members were to set up their own data centers independently of the new company policy. DCIM software gives you the tools to run more efficiently.

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Data Strategy Management Inventory 101

Empowering CPO

JUNE 25, 2023

Whether it’s raw materials for manufacturing, software for operations, or services for customer support, procurement is the bridge that connects businesses to the resources they need to function and grow. Globalization has made supply chains more complex and harder to manage.

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Zycus Cognitive Procurement

JULY 29, 2021

From the EU GPP criteria facilitating the inclusion of green requirements in public tender documents to the Environmentally Preferable Purchasing (EPP) Program helping U.S. federal agencies purchase greener products and services, the public sector has taken the lead on green procurement. AI-driven technology to spearhead change.

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Pipefy

DECEMBER 18, 2023

In the 2024 State of Procurement Data Report by Amazon Business, 95% of decision-makers surveyed acknowledge that there’s room for procurement optimization. A pivot towards simplifying complex data and process management. This means a solution that: Maintains oversight of purchasing patterns overalls.

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