article thumbnail

Supply Chain Collaboration – The New Way to Drive Value!

Supply Chain Game Changer

Supply chain collaboration is a hot topic today and no wonder: companies that collaborate effectively across the supply chain have enjoyed dramatic reductions in inventories and costs, together with improvements in speed, service levels, and customer satisfaction. Supplier chain collaboration itself isn’t new.

article thumbnail

From Spend to Supply — Coupa’s direct spend management progress

Spend Matters

The most significant enhancement is the new ‘Coupa supply chain collaboration’ solution. The intention is that by creating a user-centric collaboration layer between buyers and suppliers on top of the Coupa platform and infrastructure, the solution will streamline and enhance collaboration while decreasing operational business risks.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Talent Spotlight: Andrew F. Smith

Procurement Heads

Collaboration and stakeholder engagement are much-used terms within procurement teams. I think collaboration is key for all functions across companies, especially in global organisations that often have matrix structures. Also key was demand planning, matching our purchasing plans with the ever-changing demand situation.

article thumbnail

Talent Spotlight: Andrew F. Smith

Procurement Heads

Collaboration and stakeholder engagement are much-used terms within procurement teams. I think collaboration is key for all functions across companies, especially in global organisations that often have matrix structures. Also key was demand planning, matching our purchasing plans with the ever-changing demand situation.

article thumbnail

Embracing AI and Predictive Procurement to Overcome Industry Challenges

Arkestro

Turning Low-Quality Procurement Data Into High-Impact Cost Reductions Many organizations are plagued by data silos and disparate systems that lack the visibility, communication, and collaboration needed to win cost reductions. Here are some of the most common data quality issues procurement and purchasing teams face.

article thumbnail

Supply Chain Forecasting — Everything You Should Know

Procurement Tactics

For example, the pandemic has forced consumers to go online to purchase their needs. Thus, many businesses tried to adapt quickly to meet the demands of their customers. This specific module of SAP offers planning layouts, planning books, and a demand planning library of statistical forecasting and macro techniques.

article thumbnail

Inventory Forecasting — Everything You Should Know

Procurement Tactics

Thus, you will be able to predict your supply chain which will help you meet your customers’ demands. Inventory forecasting, also known as demand planning or demand forecasting, is a market research technique that accurately predicts future inventory needs. What is Inventory Forecasting?

Inventory 170