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Ivalua study finds 97% of procurement leaders see significant disruption in direct materials supplychain; 67% not confident in existing technology; 84% consider modernization a ‘strategic priority’. Nearly all executives surveyed (97%) point to significant disruption today in their direct materials supplychain.
ERP vs. Best-in-Class for Healthcare SupplyChainManagement? Are ERP systems better than best-in-class supplychainsolutions for managing healthcare supplychains? That’s the question we set out to answer in our recent panel discussion with Procurement and SupplyChain experts.
Supplychains are complex and varied; to manage them effectively, you need to understand exactly what’s happening in both your supplychain and your customers’ end markets. These teams were able to quickly communicate and negotiate with their key suppliers to establish a “supplier of choice” solution.
While technology is at the heart of this shift, jumping on the digital bandwagon isnt always as simple as plugging in some shiny new software. Changemanagement isnt a sidekick in this story; its the star of the show. Technology alone cannot deliver change without a clear purpose (or meaning or why).
The Power of Source-to-Pay Digital Transformation To put it briefly, source-to-pay refers to the entire process that starts with finding, negotiating with, and contracting the suppliers of materials, goods and services, and culminates in the final payment for those items. Who Should Prioritize an S2P Digital Transformation?
Identifying the need for foundational technology and processes Before joining Utz as its SVP Procurement, Ron had been consulting with the SupplyChain department working on a number of different projects. Instead, he noted, we had to choose our solutions in a more targeted and perhaps even piecemeal fashion.
This role focuses on reducing supplychain risks through improved relationships, audits, and comprehensive evaluations of supplier performance at all levels of the chain. The Risk Manager. The Quality and Sustainability Advocate.
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 supplychainmanagement. Reminder of Key Definitions – Logistics & SupplyChainManagement. Rider (1970)).
Poll Time The following is a poll that was posted in the Global & Purchasing SupplyChain Professionals LinkedIn Group, which has over 164,000 members. Reality: No one invested time in proper training, and category managers are still relying on spreadsheets. What is the edge one driver has over another?
Hansen was publicly referencing and implementing AI concepts in the late 1990s , notably through advanced self-learning algorithms in procurement and supplychain applications. Missed early adopters : Companies experimenting with AI in sourcing, risk sensing, and taxonomy (like Novartis or early public sector pilots) were overlooked.
Subscribe to SupplyChain Game Changer. What is SupplyChainManagement (SCM)? When I started my career the term “SupplyChain” had just been coined. Now as I look back on my career virtually everything I did falls under the banner of SupplyChainmanagement.
Supplychains are complex and varied; to manage them effectively, you need to understand exactly what’s happening in both your supplychain and your customers’ end markets. These teams were able to quickly communicate and negotiate with their key suppliers to establish a “supplier of choice” solution.
Hansen was publicly referencing and implementing AI concepts in the late 1990s , notably through advanced self-learning algorithms in procurement and supplychain applications. Missed early adopters : Companies experimenting with AI in sourcing, risk sensing, and taxonomy (like Novartis or early public sector pilots) were overlooked.
Axbility Consulting, a subsidiary of Ivalua European partner Axys Consultants, reinforces Ivalua’s capabilities to empower today’s Procurement & SupplyChain Leaders. We are excited to extend our effective partnership into North America, increasing the depth of our professional services ecosystem.”. — www.axys-consultants.com.
Subscribe to SupplyChain Game Changer. For many people who work in SupplyChainManagement, or for those on the outside, it functions on the foundation of processes, formulae, and metrics. This is very much the core of SupplyChain education and certification as well. Subscribe Here! Email Address.
I wanted to bring you the key criteria that you should consider when sourcing or considering a digital procurement solution. If you’re more of an audio person, we also ran a recent episode of the podcast covering some of these, which you can access here: What are the top 10 criteria to consider when buying procurement software?
Procure-to-Pay (P2P) and Source-to-Pay (S2P) are not just fancy acronyms used by consultants, procurement and finance professionals. Behind these terms are whole concepts of processes that manage how goods and services in your business are requested, sourced, received and paid. What steps are involved in Source-to-Pay?
Changemanagement techniques provide resiliency and keep team members on the same page, which is especially useful as organizations face changing business or industry conditions. Ensuring that a changemanagement implementation is successful can be a challenging process, but learning lessons from others makes it easier.
Try this as a tongue twister: “Tripping through tantalizing TikTokers, tenfold to transform your tangled supplychain!” In our digital age, where viral trends dominate, TikTok’s influence now extends to supplychainmanagement. Discover the Top 10 TikTokers reshaping how you view supplychains.
So, as IT continues to explode in scope and complexity, it is crucial to search for synergies across specific platforms or individual pieces of tech that integrate to provide the specific solution you are looking for. Should you invest in a software platform that can help aggregate data sources then show you, visually, what it is telling you?
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?
By automating routine tasks, streamlining communication, and centralising information in one single source of truth, you create tangible quick wins. These small but impactful changes set the stage for sustained cost savings and strategic decision-making.
By Eric Edwards | April 11, 2023 Search In the world of business software applications, few are bigger and more expansive than enterprise resource planning applications, also known as “ERP” systems. This includes costs for hardware, software, and personnel to maintain the system. billion in 2020) Oracle ($40.48
Procure-to-Pay (P2P) and Source-to-Pay (S2P) are not just fancy acronyms used by consultants, procurement and finance professionals. Behind these terms are whole concepts of processes that manage how goods and services in your business are requested, sourced, received and paid. What steps are involved in Source-to-Pay?
The preliminary run uses the RAM 4-Model Assessment tool to access the Procurement Insights proprietary archives and many cross-reference sources using my AI for AI platform. is a leading AI-powered platform specializing in third-party risk management, compliance, and supplier lifecycle automation. The above is one such request.
Today I’m joined by Logward , an exciting tech brand with a vision of a future where supplychain departments lead the transformation of their industries, instead of simply transporting it. 09.56] What has, and hasn’t, changed in the last five years, and a look at today’s key challenges and trends. “I
EDITOR’S NOTE: Here are three separate third-party sources analyzing the success and impact of implementing the original RAM Agent-based Metaprise model to support the DND’s IT infrastructure. SOURCE #1 Jon W. SOURCE #3 Jon W. Hansen’s agent-based model (ABM) remains highly relevant in 2025.
“The Gartner Hype Cycle for Procurement and SourcingSolutions helps companies understand the maturity and potential of different procurement technologies over time. I decided to access ChatGPT once more to ask the following series of questions: What percentage of procurement and sourcingsolution implementations failed in 2000?
Hansen was publicly referencing and implementing AI concepts in the late 1990s , notably through “advanced self-learning algorithms” in procurement and supplychain applications. Success Rates: Success was tied to ERP and e-sourcing rollouts, not AI. By May 2017, it had risen to No. In summary: Jon W.
Subscribe to SupplyChain Game Changer. Procurement is a function that is undergoing an exciting transformation in the majority of global value chains; simultaneously, within its own strategy, process, and technology. Change requires ChangeManagement. Change can be an uphill battle. Subscribe Here!
This comprehensive solution streamlines procurement activities, improves and provides transparency across the entire supplychain. Understanding Procurement Management in Real Estate Procurement in real estate involves acquiring goods, services, and works necessary for the development and maintenance of properties.
Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. For businesses of all sizes, the digital transformation of supplychain planning became the most important initiative. . This includes internal and external data sources.
If you’re interested in reading more on leadership in sourcing, the future of work or just want to learn more about SIG, feel free to subscribe at sig.org/subscribe. Business today isn’t business as usual, as the COVID-19 pandemic impacts organizations and supplychains across the globe. When you do, they’ll trust you.
Sustainability initiatives within the supplychain. Third party risk management. Contract lifecycle management. It’s therefore a fair assumption that if you remove these non-value added tasks, you will allow the Procurement Manager to deliver a third more value to the business. Supplier innovation.
I’m talking to Dr. Wolfgang Schnellbächer from BCG, the author of a new book fresh off the presses - Profit from the Source: Transforming Your Business by Putting Suppliers at the Core. . Sales or sourcing? It’s a legacy issue that has to change. This week we’ve got another informal chat from The Procuretech Pub livestreams.
Sometimes, an end-to-end source-to-pay (S2P) solution that joins up the dots, and automates a lot of otherwise manual processes, can give a huge productivity advantage. The mid market has traditionally been underserved by procurement software, with tech companies typically going after large enterprise clients at their expense.
Cyber risk is preeminent in today’s threat landscape, and that includes attacks on the softwaresupplychain. In fact, the increase in cyberattacks on softwaresupplychains is estimated to affect 45% of organizations worldwide.
This insightful guide explores how blockchain is impacting , contributing to transparency, security, and efficiency across supplychains. From reducing fraud to improving and automating contract management, blockchain is shaping the future of procurement in ways previously unimaginable.
Therefore, now is the time for all businesses to embrace the benefits of digital procurement software. But getting on board with digital transformation no longer means investing in one big softwaresolution. Smaller, targeted solutions can add value to your business in many ways. Changemanagement is key.
In this episode, we're going to extend that a little bit and talk about supplychain. Democratising SupplyChain Training - Dr. Muddassir Ahmed from SCM Dojo . Today's guest is a big personality in the supplychain space: Dr. Muddassir Ahmed, CEO of SCM Dojo. . He then moved to the UK for a PhD scholarship.
What is SupplyChainManagement (SCM) SupplyChainManagement (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 supplychains lead to improved profit margins.
At its core, data consolidation efforts are a fairly straightforward activity that start with gathering organizational data from various sources. Effective changemanagement can prevent strategy deviations, as could occur if staff members were to set up their own data centers independently of the new company policy.
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