Procurement Tactics

JUNE 5, 2023

First Name Email Download 51 Prompts →  Or receive our famous weekly newsletter Global Supply Chain — Everything About Supply Chain Global supply chain has become a popular way for businesses to source unique materials and products from other countries as they are unavailable domestically.

supply chain budgeting 192

supply chain budgeting supply chain software solutions Supply Chain Optimization Supply Chain Efficiency 192

ivalua

JANUARY 31, 2022

How can we mitigate technical, logistical, weather-related, and demand-driven supply chain disruptions? Organizations must shift focus toward strengthening their procurement processes and procedures to gain 100% supply chain visibility. Digital Transformation is the Top CPO Priority. More on that here.

Procurement 130

Procurement supply chain budgeting Agile and Lean Supply Chain supply chain software solutions 130

ivalua

JUNE 1, 2022

Here are eight critical activities that can help procurement organizations build and maintain chain resiliency in a post-Covid-19 world: Work to achieve 100% supply chain visibility. Digital transformation will lead to the evolution and digitization of key procurement processes, from source-to-pay.

Supply chain resilience 130

Supply chain resilience Supply Chain Efficiency Agile and Lean Supply Chain supply chain budgeting 130

ivalua

JUNE 16, 2021

For the short-term, a shift to local production alleviated reliance on Asian suppliers and helped mitigate risk, but a longer-term solution will require identifying opportunities to optimize costs, find alternative suppliers and enhance supply chain visibility. Enter eProcurement.

Eprocurement 130

Eprocurement Supply Chain Optimization Agile and Lean Supply Chain Procurement team 130

Una

OCTOBER 17, 2023

They will be able to suggest alternative suppliers, forecast demand, and proactively identify potential supply chain disruptions, allowing organizations to take proactive measures. Cross-Functional Collaboration In the future, chatbots will help facilitate cross-functional collaboration. Want to Chat?

Procurement 52

Procurement supply chain software solutions Real-time Visibility Supply Chain Optimization 52

Procurement Tactics

AUGUST 23, 2022

Enhancing strategic sourcing through data analysis. Additionally, this is where parties can make desired changes to mutually benefit and strengthen collaboration. . Contract management solutions can help improve contract efficiency, and allow better supply chain visibility and management of obligations. LEARN MORE.

Contract management 130

Contract management Contract supply chain software solutions Management 130

ivalua

MARCH 16, 2021

Here are eight critical activities that can help procurement organizations build and maintain chain resiliency in a post-Covid-19 world: Work to achieve 100% supply chain visibility. Digital transformation will lead to the evolution and digitization of key procurement processes, from source-to-pay.

Supply chain resilience 130

Supply chain resilience Supply Chain Efficiency Agile and Lean Supply Chain supply chain budgeting 130

Let's Talk Supply Chain

OCTOBER 3, 2022

SEKO provides complete supply chain solutions, specializing in transportation, logistics, forwarding and warehousing. Powered by their innovative and customizable IT solutions, SEKO provide a seamless flow of information, giving their ever-growing customer base true supply chain visibility.

Demand 52

Demand Real-time Visibility Agile and Lean Supply Chain Supply Chain Visibility 52

The Good Spending

JUNE 15, 2022

So, there's no limitation to the competitive sourcing process. globalization, disrupting value chains, etc.) and new forms of collaboration between business partners. T hese routine activities leverage integrated automated systems, enabling supply chain visibility. Examples: spot buying, e-auctions.

supply chain budgeting 52

supply chain budgeting Buyers Agile and Lean Supply Chain Supply Chain Optimization 52

Let's Talk Supply Chain

JULY 9, 2023

Operating in over 40 countries worldwide, SEKO lead the industry with innovative and customizable IT solutions, which provide a seamless flow of information to deliver their growing customer base true supply chain visibility. What we’ve learned is that if something can go wrong, it will; it’s not a matter of if, but when.

Real-time Visibility 52

Real-time Visibility e2e Supply Chain Efficiency Raw materials 52

Procurement Software

MAY 9, 2022

All the while, Procurement and Sourcing teams have been left to fend for themselves, and forge their own way forward, with homegrown solutions. Parallel to this, they offer the ability to streamline supplier governance and due diligence activities to cover increasing demands on compliance and supply chain visibility.

Supplier relationship management 52

Supplier relationship management supply chain software solutions Suppliers Management 52

Procurement Software

MAY 9, 2022

All the while, Procurement and Sourcing teams have been left to fend for themselves, and forge their own way forward, with homegrown solutions. Parallel to this, they offer the ability to streamline supplier governance and due diligence activities to cover increasing demands on compliance and supply chain visibility.

Supplier relationship management 52

Supplier relationship management supply chain software solutions Suppliers Management 52

Skill Dynamics

OCTOBER 19, 2023

Elevating Procurement Excellence Through Targeted Training Role-based procurement training is ideal because procurement and supply chain roles often come with role-specific challenges. Sourcing managers play a vital role in a business’s procurement process by identifying, evaluating, and selecting suppliers.

Supply Chain Optimization 52

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

Procurement Software

MARCH 5, 2024

The Execution and Collaboration modules give you the ability to track tasks and approvals individually, bringing you closer to project completion. At its heart is a source-to-pay suite offering a range of functionality, with a complete suite of cloud-based modules. It promises to assist with improving buyer and supplier collaboration.

Real-time Visibility 52

Real-time Visibility supply chain software solutions Procurement Supply Chain Efficiency 52

Supply Chain Game Changer

SEPTEMBER 17, 2020

The TMS further improves supply chain visibility by keeping everyone informed of freight status, including potential delays or other areas of concern, such as damage and more. All E-Commerce Supply Chains Require a Robust Set of Integrated Supply Chain Systems to Succeed.

supply chain software solutions 105

supply chain software solutions Supply Chain Efficiency Supply chain e2e 105

SupplyShift

APRIL 13, 2021

According to Deloitte’s 2020 Chief Procurement Officer Survey , only 50% of organizations had high visibility into their tier one suppliers, and a staggering 90% reported low or very low visibility beyond tier one. Fortunately, when companies prioritize supply chain visibility, the benefits extend far beyond sustainability itself.

Supply Chain Efficiency 52

Supply Chain Efficiency Sustainability Supply chain Procurement 52

SupplyShift

APRIL 13, 2021

According to Deloitte’s 2020 Chief Procurement Officer Survey , only 50% of organizations had high visibility into their tier one suppliers, and a staggering 90% reported low or very low visibility beyond tier one. Fortunately, when companies prioritize supply chain visibility, the benefits extend far beyond sustainability itself.

Supply Chain Efficiency 52

Supply Chain Efficiency Sustainability Supply chain Procurement 52

SupplyShift

DECEMBER 6, 2021

In the wake of supply chain disruptions and global shortages, businesses are quickly recognizing the need for greater visibility over their supply network, from documenting the origin of material components to tracking shipments. 2) It will identify potential loss points and strengthen supplier relationships.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Supply chain e2e 52

SupplyShift

DECEMBER 6, 2021

In the wake of supply chain disruptions and global shortages, businesses are quickly recognizing the need for greater visibility over their supply network, from documenting the origin of material components to tracking shipments. 2) It will identify potential loss points and strengthen supplier relationships.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Supply chain e2e 52

SupplyShift

JUNE 17, 2021

Source: sasb.org SASB’s at-a-glance view of priority ESG issues is comprised of five sustainability dimensions: Environment, Leadership and Governance, Business Model and Innovation, Social Capital, and Human Capital. Begin baselining supplier performance according to their role in the supply chain. Ask for help.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply chain Sustainability Supply 52

SupplyShift

JUNE 17, 2021

Source: sasb.org. Begin baselining supplier performance according to their role in the supply chain. Perform responsible sourcing audits on supply chain areas of deep concern. Recent technology has also made it much easier to map, audit, and collaborate with direct suppliers. Ask for help.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply chain Sustainability Supply 52

IBM Supply Chain Blog

SEPTEMBER 20, 2021

Goods arrived exactly when needed, waste and holding costs were kept to a minimum, and single source strategies prevailed due to ease and cost savings. Then, 2020 sent shockwaves through many JIT strategies; the disruption was just too big to absorb and supply chain ecosystems had not been built to flex. Commit to the long game.

Supply chain resilience 52

Supply chain resilience Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization 52

Procurify

JUNE 8, 2022

Effective supply base optimization can help reduce costs, improve supply chain efficiency, better supplier performance and collaboration, and increased revenue. . 6 steps for successful supply base optimization. Now that you know what supply base optimization is, how do you actually go about doing that?

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting Real-time Visibility 52

Supply Chain Game Changer

OCTOBER 28, 2021

Lieferkettengesetz, and others) encouraging large/enterprise businesses to take responsibility for the entirety of their global supplier networks, increase tier-n compliance and combat poor supply chain visibility.

supply chain budgeting 89

supply chain budgeting Procurement Supply Chain Efficiency e2e 89

SCMDOJO

JUNE 14, 2023

It also helps Nike to improve its supply chain visibility and agility and reduce its environmental impact. Walmart outsources its logistics services to various 3PLs, such as Schneider Logistics, FedEx Supply Chain, etc. Walmart is one of the world’s largest retailers, with thousands of stores and customers.

Supply Chain Efficiency 77

Supply Chain Efficiency Real-time Visibility Supply Chain Optimization Logistics 77

Supply Chain Game Changer

AUGUST 6, 2020

Now-a-days businesses need to be dynamic in ratifying the ever-changing trends of consumer demand and shift to a more connected supply network, via digitally interconnected devices and complex platforms to keep pace with digital transformations. The next step is to gather these data which are identified at earlier step.

Supply Chain Optimization 78

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting supply chain software solutions 78

Supply Chain Game Changer

NOVEMBER 22, 2018

Guest post provided by Stephanie Johnson, CMO at Gravity Supply Chain at [link]. Check out Supply Chain Collaboration – The New Way to Drive Value! It’s incredibly important to trust the data that informs your supply chain, or rather, to be certain that you have data you can trust.

Supply chain 43

Supply chain Real-time Visibility Supply Quality 43

Supply Chain Game Changer

NOVEMBER 16, 2022

Subscribe to Supply Chain Game Changer. The duties of procurement managers are diverse, ranging from creating solicitations to collaborating with vendors. It helps bring predictability to Strategic Sourcing, automates Transactional Procurement (or P2P cycle), and enables proactive Supplier Risk Management. Email Address.

Supply Chain Efficiency 19

Supply Chain Efficiency Procurement Real-time Visibility Supply Chain Optimization 19

Supply Chain Opz

OCTOBER 14, 2013

In recent years, the auto-id technology such as bar code and RFID together with the electronic data transmission are considered the holy grail of supply chain visibility. In this article, we will explore the basic concept and propose ways that you can use to create the better visibility.

Supply Chain Visibility 98

Supply Chain Visibility Agile and Lean Supply Chain supply chain software solutions Supply chain 98

Supply Chain Brain

FEBRUARY 26, 2018

Ettl says that drawback can be addressed through the use of Hyperledger , an open-sourced collaborative effort to develop blockchain technologies across industries. Still, there are problems to be overcome. The recording of transactions on the blockchain is a slow and expensive process.

Supply Chain Efficiency 40

Supply Chain Efficiency Supply Chain Optimization Logistics Supply chain 40

Supply Chain Opz

JULY 7, 2014

Global supply chain is a very challenging subject in supply chain management because it involves different customer''s requirement, more complex operations/collaboration and unforeseen risks. Under this program, they source products directly from small or medium-sized farmers.

Supply chain 49

Supply chain Raw materials Supply Supply chain management 49

Supply Chain Opz

OCTOBER 14, 2013

In recent years, the auto-id technology such as bar code and RFID together with the electronic data transmission are considered the holy grail of supply chain visibility. In this article, we will explore the basic concept and propose ways that you can use to create the better visibility.

Supply Chain Visibility 55

Supply Chain Visibility Agile and Lean Supply Chain supply chain software solutions Supply chain 55

SupplyShift

JUNE 19, 2019

Does the vast potential of this promising technology mean that companies of all sizes and stages should be rebuilding their responsible sourcing systems from the ground up to include it? Modern supply chains are incredibly complex and global in reach.

Sourcing 40

Sourcing Supply Chain Efficiency Supply Chain Optimization Supply chain 40

SupplyShift

JUNE 19, 2019

Does the vast potential of this promising technology mean that companies of all sizes and stages should be rebuilding their responsible sourcing systems from the ground up to include it? Modern supply chains are incredibly complex and global in reach. How Blockchain Works.

Sourcing 40

Sourcing Supply Chain Efficiency Supply Chain Optimization Supply chain 40

Claritum

APRIL 25, 2018

However, it is important for companies to manage the process of sourcing promotional goods effectively. A lot of time and energy can be spent inefficiently sourcing the goods, which can be bought from a huge variety of suppliers at vastly differing prices and quality. Source: PPAI Sales Volume Study Summary. Single source.

Sourcing 32

Sourcing Buyers Purchasing Spend management 32

Solvoyo

MARCH 5, 2021

Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. For businesses of all sizes, the digital transformation of supply chain planning became the most important initiative. . This includes internal and external data sources.

Agile and Lean Supply Chain 52

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

Solvoyo

MARCH 29, 2020

2) Real-time visibility is extremely valuable during times of crisis! In the supply chain, visibility involves status reporting from suppliers, through the production&distribution infrastructure and all the way down to the shelf level. 6) Collaboration across functions is key to stay viable and safe!

e2e 40

e2e Supply Chain Optimization Real-time Visibility Agile and Lean Supply Chain 40