World of Procurement blog

MAY 8, 2024

Procurement refers to the business processes involved in acquiring goods, services, and work from external suppliers. It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Zycus Cognitive Procurement

JANUARY 24, 2023

2) Effective risk management should be a priority After the Covid-19 pandemic, enterprises have been firefighting to manage risks and have invested in developing supply chain resilience. As per Zycus’ Pulse of Procurement Survey, risk management was the top procurement priority for CPOs in 2022.

Procurement strategies 52

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

ivalua

MAY 31, 2022

Supply chains are complex and varied; to manage them effectively, you need to understand exactly what’s happening in both your supply chain 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.

Suppliers 246

Suppliers Supplier relationship management supply chain software solutions Agile and Lean Supply Chain 246

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.

Agile and Lean Supply Chain 40

Agile and Lean Supply Chain Supply chain management Supply chain management Supply Chain Optimization 40

Empowering CPO

JUNE 27, 2023

By analyzing and understanding how an organization spends its resources, businesses can identify cost-saving opportunities, enhance supplier relationships, and drive overall efficiency. Supplier Collaboration: Fostering closer collaboration and communication with suppliers through digital platforms and portals.

Real-time Visibility 40

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

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.

supply chain budgeting 221

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