Procurement Tactics

MARCH 27, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Supply Chain Forecasting — Everything You Should Know Supply chain forecasting is about making predictions from both past and present information. What is Supply Chain Forecasting?

supply chain budgeting 192

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

ivalua

JULY 11, 2022

New release features AI-powered contract management, more seamless messaging and communications, supplier risk and performance enhancements and procure-to-pay efficiency . As part of the release Ivalua launched a new Message Center , which will enable seamless collaboration across the platform. AI-powered contract management.

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Supply chain resilience Collaboration Supply Chain Efficiency supply chain budgeting 130

SCMDOJO

MARCH 19, 2024

In today’s fast-paced business landscape, having an efficient supply chain department is more important than ever. A streamlined supply chain can make a significant impact on the overall success of a business, improving operational efficiency, increasing customer satisfaction, and driving revenue growth.

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Supply Chain Optimization Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 76

ivalua

JUNE 1, 2022

From this discussion, we compiled a list of 8 critical supply chain management activities that to improve, build, and maintain supply chain resilience now and in the years to come. But building an agile, resilient supply chain doesn’t happen overnight; it requires forethought and planning.

Supply chain resilience 130

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

SCMDOJO

MARCH 28, 2023

Blockchain technology is revolutionizing the way businesses manage their supply chains. By providing a secure and transparent way to track products from their origin to their final destination, blockchain for supply chain can help increase efficiency, reduce costs, and improve trust between suppliers and customers.

Supply Chain Efficiency 109

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization supply chain software solutions 109

The Good Spending

AUGUST 16, 2022

Why is supply chain collaboration essential? Once, I was asked what makes the supply chain important to a company. Shadow procurement, supply chain, and logistics have become standard for many companies. The supply chain is the most collaborative function in the business.

Supply Chain Efficiency 52

Supply Chain Efficiency Collaboration Supply Chain Optimization Agile and Lean Supply Chain 52

SCMDOJO

JUNE 21, 2023

The Supply Chain as a Service (SCaaS) market has experienced significant growth in recent years, with even greater potential ahead. SCaaS is a technology-driven approach to managing supply chains, offering comprehensive end-to-end solutions for businesses. Let’s delve into this emerging concept.

Supply Chain Optimization 91

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting supply chain software solutions 91

ivalua

MARCH 16, 2021

They discussed the impact of the Covid-19 pandemic on Procurement and came up with this list of 8 critical supply chain management activities that can help Procurement teams build and maintain supply chain resilience now and in the years to come.

Supply chain resilience 130

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

SCMDOJO

JULY 7, 2023

However, this initial success was soon overshadowed by a series of setbacks and challenges that Rivian had to navigate through mainly related to supply chain and production. The production setbacks experienced by Rivian had a direct impact on its reputation and supply chain.

Supply Chain Efficiency 101

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain 101

IBM Supply Chain Blog

NOVEMBER 3, 2022

Your customers, employees and shareholders want to know you have a plan to address supply chain sustainability. Supply chain sustainability is defined as embedding environmental, social or corporate governance considerations as raw materials are sourced, converted to products and delivered to market.

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Supply Chain Efficiency Sustainability Agile and Lean Supply Chain Supply Chain Optimization 120

SCMDOJO

MARCH 8, 2024

In the world of business, managing inventory efficiently can make all the difference between success and struggle. Top 5 Inventory Optimization Strategies Explained Managing inventory efficiently is vital for any business. Establishing a frame contract with suppliers for these items ensures a stable and predictable supply.

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Supply Chain Optimization Supply Chain Efficiency Inventory Strategy 81

IBM Supply Chain Blog

JUNE 30, 2023

Pair that with a semiconductor shortage amidst global car sales that are forecasted to top 69 million , and you can understand that disruptions in the automotive supply chain would be detrimental to the industry.​ 3 tips for accelerating the path to a more resilient and sustainable automotive supply chain 1.

supply chain budgeting 67

supply chain budgeting Supply Chain Optimization Supply Chain Efficiency Real-time Visibility 67

Supply Chain Game Changer

SEPTEMBER 5, 2022

Subscribe to Supply Chain Game Changer. Supply Chain Visibility – An Overcomplicated Challenge! A recent Deloitte survey estimated only 15% of CPO’s have visibility beyond their tier one suppliers. I found this striking that there is so little multi-tier Supply Chain visibility. Subscribe Here!

Supply Chain Visibility 95

Supply Chain Visibility Real-time Visibility Supply Chain Efficiency supply chain budgeting 95

Empowering CPO

MAY 31, 2023

Introduction In today’s interconnected world of business, Supplier Relationship Management (SRM) stands as a pillar of success for organizations across the globe. It’s the concerted effort of strategically planning and managing all interactions with suppliers that supply any goods and/or services to an organization.

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Supplier relationship management Collaboration Suppliers Supply Chain Efficiency 52

ivalua

JUNE 26, 2023

Blog » Procurement on the Thames: Ivalua’s London Summer Symposium June 26, 2023 | | Thought Leadership by Eloise Barnum As businesses navigate through supply chain disruptions, high inflation, and sustainability initiatives, procurement, and supplier management has taken center stage in driving change.

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IBM Supply Chain Blog

JUNE 30, 2023

Equipment-heavy and reliant on an aging infrastructure, E&U clients suffer from costly supply chain disruptions as wear, tear and time take their toll. But with the right tools, tactics and collaboration, it doesn’t have to be this way. 4 tips to help energy & utility supply chains avoid unexpected downtime 1.

e2e 66

e2e Supply Chain Visibility Real-time Visibility supply chain budgeting 66

Procurement Tactics

MAY 22, 2023

Additionally, we will tell you the advantages of having integrated logistics in your supply chain. Thus, this will enable you to implement it in your supply chain. Defining goals Defining your goals involves establishing clear targets for reducing costs, improving efficiency, and enhancing customer satisfaction.

Logistics 207

Logistics supply chain software solutions supply chain budgeting Supply Chain Optimization 207

SCMDOJO

JUNE 6, 2023

For businesses to succeed, supply chain optimization is essential to succeed. It helps reduce costs, increases efficiency, and can enhance customer satisfaction. Supply chain optimization can achieve this with the help of data analytics. How does data analytics help supply chain optimization?

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Supply Chain Optimization supply chain budgeting Supply Chain Efficiency supply chain software solutions 72

Let's Talk Supply Chain

JUNE 25, 2023

Their global team of nearly 2,000 people is united in a mission to create breakthrough products that enable and empower those that own and operate the supply chains of the world. All of our large customers have had significant productivity, efficiency and risk mitigations because of CargoWise.”

supply chain software solutions 95

supply chain software solutions Supply Chain Efficiency supply chain budgeting Supply Chain Optimization 95

Skill Dynamics

FEBRUARY 6, 2024

Supplier relationship management is a business strategy utilized by organizations to strategically build relationships with their suppliers that are mutually beneficial. Strategy development considers how best to communicate with the chosen suppliers around specific needs and solutions.

Supplier relationship management 59

Supplier relationship management Suppliers Supply Chain Efficiency Management 59

Una

JUNE 29, 2023

5 Types of Supply Chain Strategies for Every Sourcing Hero Explore the superpowers offered by various types of supply chain strategies that businesses can adopt to meet their objectives. Supply Chain Strategies The same can be said for the similar amount of diversity found in the world of supply chain management.

Agile and Lean Supply Chain 52

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

SCMDOJO

AUGUST 21, 2023

Try this as a tongue twister: “Tripping through tantalizing TikTokers, tenfold to transform your tangled supply chain!” In our digital age, where viral trends dominate, TikTok’s influence now extends to supply chain management. Discover the Top 10 TikTokers reshaping how you view supply chains.

Supply Chain Optimization 97

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain supply chain software solutions 97

Procurement Tactics

JULY 20, 2023

In this article, we will explore what supplier order management software is, its benefits, and some of the best software options available in the market. Defining Supplier Order Management Before diving into the software itself, let’s first understand what is Supplier Order Management.

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supply chain software solutions Suppliers Management Real-time Visibility 134

Procurement Templates

MARCH 3, 2024

This assessment aims to identify what the organization needs to procure to fulfill its objectives effectively and efficiently. Risks may include budget constraints, supply chain disruptions, quality issues, legal compliance, etc. Prioritisation of Needs : Not all needs may be equally urgent or important.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

SupplyShift

NOVEMBER 4, 2020

2020 has been a defining year for transparent supply chains. On the contrary, companies seem to be more focused than ever on driving sustainability in supply chains. Moreover, businesses that already had a transparency focus were far less impacted by the pandemic overall.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain budgeting Supply chain Supply 52

SupplyShift

NOVEMBER 4, 2020

2020 has been a defining year for transparent supply chains. On the contrary, companies seem to be more focused than ever on driving sustainability in supply chains. Moreover, businesses that already had a transparency focus were far less impacted by the pandemic overall. Revisit your commitments and goals.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain budgeting Supply chain Supply 52

Procurement Tactics

JULY 2, 2023

A formal contract document that contains the detailed requirement for purchasing and obtaining goods and services, a job order is utilized with a view to ensuring that the desired goods or services are acquired in an orderly and efficient way. A clear budget 4. What is a Job Order?

supply chain budgeting 184

supply chain budgeting Supply Chain Efficiency Negotiation Budget 184

Empowering CPO

MAY 5, 2023

Embracing digital technologies has become a necessity for companies to streamline operations, improve customer experiences, and increase overall efficiency. It is responsible for managing the entire process of acquiring goods and services, from identifying suppliers to ensuring timely deliveries.

Supply Chain Efficiency 52

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

SCMDOJO

MAY 6, 2022

Modern enterprises rely on supply chain software to track several activities, including manufacturing and distribution of goods. Many supply chain systems are closed-source, all-in-one, proprietary, expensive, and difficult to customize ( read Why ERP Sucks ). Benefits of No-code Platforms.

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supply chain software solutions Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 111

Empowering CPO

JUNE 30, 2023

Introduction In the dynamic world of business, the ability to effectively manage and optimize supply chains has emerged as a critical success factor. The aim is not only to streamline operations but also to extract maximum value from every link in the supply chain. So, why are managed procurement services necessary?

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

Let's Talk Supply Chain

DECEMBER 4, 2023

  Today I’m joined by SDI , a digital supply chain brand whose people, processes, and technology have enabled the world’s most efficient supply chains for over 50 years. These experiences provided Cris with a unique perspective on operational efficiency and strategic planning in international business settings.

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

Supply Chain Game Changer

JANUARY 7, 2021

Subscribe to Supply Chain Game Changer. Supply Chain as a Service (SCaaS)! Digital Supply Chain strategies article and permission to publish here provided by Alejandro Carrera. Effective digital supply chain strategies can help organizations stand out from the crowd. Subscribe Here! Blockchain.

Supply Chain Efficiency 84

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Supply chain 84

Barkers Procurement

FEBRUARY 27, 2023

The purpose of AMP periods, set by industry regulator Ofwat, is to increase efficiency and service levels within the sector. Critically, for the water industry, are serious concerns regarding the sector’s supply chain resilience and whether the supply chain is capable of supporting water companies to deliver on the mandates outlined in AMP8.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Risk Supply chain 52

EazyStock

JUNE 21, 2022

Many more traditional supply chain strategies originated in a steadier business environment. Predictable business cycles and stable demand allowed supply chain professionals to focus less on solving challenges and more on cost reductions. The transition to cloud solutions in supply chain management.

Supply chain management 52

Supply chain management Supply chain management Supply Chain Efficiency supply chain budgeting 52

SCMDOJO

DECEMBER 18, 2023

In the world of manufacturing and maintenance, effective spare parts management is essential for maximizing equipment uptime and reducing costs. This ensures that production processes remain uninterrupted, maximizing overall operational efficiency. Yet, handling spare parts can be tricky and needs careful planning and execution.

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Supply Chain Efficiency Inventory control Management supply chain budgeting 63

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

World of Procurement blog

APRIL 23, 2024

Procurement plays a critical role in the operational efficiency and financial health of an organization. By adopting best practices, companies can reduce costs, improve quality, and enhance supplier relationships. Effective SRM involves regular communication, performance reviews, and collaborative problem-solving.

Cost of ownership 52

Cost of ownership Supply Chain Efficiency Procurement Strategic sourcing 52