Procurement Insights

JANUARY 16, 2024

Here are a couple of the more memorable ones: Does Age Influence Contracting Negotiation Styles? Like supply chain resiliency, negotiations must also have a certain fluidity to address the volatility we have experienced over the past few years.

Negotiation 52

Negotiation Supply chain resilience Contract Influencing 52

Procurement Tactics

JUNE 7, 2023

The platform also helps track how well suppliers are performing, manage contracts with them, and analyze how much money is being spent on supplies. Shared value creation Supplier collaboration fosters shared value creation through enhanced innovation, improved operational efficiency, and supply chain resilience.

supply chain software solutions 130

supply chain software solutions Collaboration Suppliers Supply Chain Efficiency 130

Zycus Cognitive Procurement

DECEMBER 15, 2022

Here are the 7 supply chain management trends for 2023 – Building agile supply chain ecosystems. Managing supply chain risk. Improving supply chain analytics. Integrating flexible contracts. Enhancing supply chain resilience. Integrating flexible contracts: .

Supply chain management 52

Supply chain management Supply chain management Agile and Lean Supply Chain Supply Chain Optimization 52

Procurement Software

APRIL 2, 2024

S2C Simple, user-friendly and easy-to-implement RFQ, supplier repository, and contract administration platform designed for the SME market. This allows you to get a pretty heavy-hitting tool without signing a long-term contract. What you can get is some basic Source to Contract (S2C) software.

supply chain budgeting 52

supply chain budgeting supply chain software solutions Procurement Budget 52

Procurement Leaders

JUNE 13, 2022

was set up by the UK Government to design and construct the railway and is responsible for procuring and coordinating a supply chain of designers and contractors to deliver billions of pounds worth of contracts. As a public funded project, supply chain transparency is critical. Develop the supply chain.

Supply Chain Efficiency 130

Supply Chain Efficiency Supply chain Contract e2e 130

Procurement Heads

OCTOBER 31, 2022

Also, across broader manufacturing and private sector environments, there’s a lot of target operating model change, and people are looking at supply chain resilience. The sector is seeing the knock-on effect of Boris Johnson announcing a significant investment into defence in the last six to nine months.

Demand 130

Demand Supply chain Supply chain resilience Procurement 130

ivalua

MAY 6, 2021

The pandemic has accelerated this trend, with the Procurement function front and center in the fight to ensure supply chain resilience and continuity, reduce costs and protect the bottom line. The past few years have been a boon for procurement, which has become increasingly strategic and critical to business.

supply chain software solutions 130

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

ivalua

JUNE 29, 2021

Government, which has been sponsoring diversity programs since 1969 on government contracts. This piece was a Harvard Business Review article in August 2020 that resonated with me and helped to reframe supplier diversity in terms of supply chain resilience. This mainstream awareness is directly attributable to the U.S.

Business strategy 162

Business strategy Suppliers Strategy Ethics 162

ivalua

APRIL 27, 2023

When you think about supply chain resilience, technology can help, but if you’re not actively pursuing a stronger relationship with your strategic suppliers, it’s really difficult to reap the benefits when the hard times are over,” he said. Contact Sales The post CTA appeared first on Ivalua.

Supply Chain Efficiency 130

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization Sustainability 130

ivalua

APRIL 27, 2023

When you think about supply chain resilience, technology can help, but if you’re not actively pursuing a stronger relationship with your strategic suppliers, it’s really difficult to reap the benefits when the hard times are over,” he said.

Sustainability 130

Sustainability Risk Supply Chain Efficiency Agile and Lean Supply Chain 130

ivalua

DECEMBER 14, 2020

What we learned about agility and resilience can be applied to future-proof the source-to-pay (S2P) process and help organizations meet any new challenge with confidence. Resilience and that ability to react quickly to change makes Procurement a much more strategic part of the organization, than if they focus only on reducing costs,” he said.

Agile and Lean Supply Chain 130

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

SCMDOJO

JUNE 6, 2023

By analyzing supply chain data, businesses can detect anomalies, potential risks, and deviations from their standard operating procedures. By doing this, they can make corrections fastly which will help avoid costly disruptions and improve supply chain resilience.

Supply Chain Optimization 72

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

IBM Supply Chain Blog

MARCH 15, 2023

IBM technology and resources such as embeddable AI and data fabric help enable the co-creation of solutions that support cybersecurity, citizen experience and supply chain resiliency. And results like the following demonstrate how we work together to solve complex government challenges.

Supply Chain Efficiency 57

Supply Chain Efficiency Supply chain resilience Supply Chain Optimization supply chain software solutions 57

ivalua

JANUARY 31, 2022

CPO’s and CFO’s will join forces to combat inflation and supply risk, supply assurance will be perceived as more important than price, convenience and customer service gaining significant popularity, and vigilance against commodity and supply market manipulation will be critical. #3.

Procurement 130

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

HICX

MAY 12, 2023

Driving supplier performance through increased collaboration  Reducing inconsistent adoption of sourcing and contract tools How to scale the digitalization value beyond procurement Sam shares how, in the third phase, they are really moving away from this being a ‘Procurement’ or ‘digital’ transformation into becoming a business transformation. 

e2e 52

e2e Real-time Visibility Supply chain resilience Risk management 52

ivalua

JUNE 15, 2022

The global supply chain is undergoing an incredible transformation that will change the way we do business. Today, organizations are looking to build supply chain resilience and maximize opportunities for growth as we pivot and prepare for unexpected global events. . Session REPLAY.

Supply Chain Efficiency 130

Supply Chain Efficiency supply chain software solutions Agile and Lean Supply Chain Innovation 130

ivalua

FEBRUARY 24, 2021

Customers can now ensure greater supply chain resilience through improved supplier discovery and collaboration, increase efficiency across each step of the source-to-pay process and better understand and optimize cost drivers for goods and services purchased. Learn more at www.ivalua.com. Media Contact. Michael Gallo.

Supply chain resilience 100

Supply chain resilience Supply Chain Efficiency Innovation Supply Chain Optimization 100

Procurement Tactics

DECEMBER 21, 2022

The complexity of today’s supply chain makes it more prone to severe impacts from disruptions, just like what happened at the start of the pandemic. . Due to this, many organizations have put supply chain resilience as a top priority. Toyota’s defined target approach.

Collaboration 199

Collaboration Supply Chain Optimization Supply Chain Efficiency Supply chain 199

Value Match

FEBRUARY 23, 2023

Ensure supply chain resilience : Procurement teams can work with suppliers to ensure that their supply chains are resilient to the impacts of sea level rise, such as flooding and storms. This could include setting targets for reducing carbon emissions and encouraging the use of renewable energy sources.

Procurement team 52

Procurement team supply chain software solutions Supply chain resilience Risk 52

Procurement Heads

DECEMBER 15, 2022

Definitely areas like supply chain resilience, which is a big topic at the moment; we have undertaken a lot of supply chain mapping and created a lot of real-time data and if factors were to happen, what an organisation and procurement should do to counteract them.

Sustainability 130

Sustainability Supplier relationship management Contract management Procurement 130

ivalua

APRIL 5, 2023

Our speakers covered: Scope 3 emissions, Invoicing, Supply Chain Resilience, Contract Management, Supplier Management, and the Procure-to-Pay Roadmap.

Innovation 130

Innovation Collaboration Supply chain resilience Networking 130

Zycus Cognitive Procurement

JANUARY 24, 2023

Technology: CPOs should look for an integrated platform to manage all the spending and processes, such as third-party risk, sourcing, supply chain, invoicing, contracting, and payments. Key processes to automate include contract management, vendor management, invoicing, purchase orders, purchase requisitions.

Procurement strategies 52

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

Empowering CPO

JUNE 30, 2023

In the current business scenario, where market dynamics are constantly changing, and supply chain resilience is being tested, managed procurement services have gained significant relevance. Our contract management and supplier relationship management services help manage the risks associated with procurement.

Management 40

Management Procurement Supply Chain Efficiency Supplier relationship management 40

EazyStock

JANUARY 27, 2021

Even now, the global GDP for 2020 contracted by an estimated 4.3% Resiliency is now the name of the game for supply chains. Let’s look at the impact of each of these trends and see how you can incorporate them into your supply chain for 2021. Supplier Diversification.

supply chain software solutions 96

supply chain software solutions Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization 96

Arkestro

DECEMBER 12, 2022

Predictive Procurement Supports Supply Chain Resilience and Visibility. Westfall Technik is a global contract manufacturing company that provides end-to-end manufacturing solutions for the complete lifecycle of molded plastic parts. The result is a reduced reliance on manual intervention for repetitive tasks.

Real-time Visibility 52

Real-time Visibility Procurement e2e Raw materials 52

Empowering CPO

JUNE 14, 2023

It’s a strategic function that involves understanding market trends, analyzing suppliers, negotiating contracts, and managing relationships, among other tasks. These models are often accompanied by practices such as annual rate contracts, bulk buying, and just-in-time purchasing. But, it’s far more than just buying.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Empowering CPO

JUNE 27, 2023

Cost Savings and Efficiency Gains: By leveraging digital tools for spend analysis, organizations can identify areas of unnecessary expenditure, negotiate better contracts with suppliers, and optimize procurement processes. This leads to significant cost savings and improved operational efficiency.

Real-time Visibility 40

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

Supply Chain Game Changer

APRIL 15, 2020

Recent reports pictured about from Deloitte’s CPO Survey in 2019 found that 81% of Procurement Leaders aren’t satisfied with their solutions for Supply Chain Risk & Compliance, 71% aren’t satisfied with existing solutions for SIM, SRM & SPM, 64% aren’t satisfied with their solutions for Contract Management.

Procurement 90

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Supply chain 90

Arkestro

JANUARY 9, 2024

According to Deloitte, the manufacturing industry was in contraction throughout most of 2023 due to challenges like increased lead times, tight labor markets, and rising costs. As we move into 2024, procurement teams continue to face hurdles like supply chain volatility, geopolitical tensions, budget restrictions, talent shortages, and more.

supply chain budgeting 52

supply chain budgeting Supply chain resilience Procurement Supply Chain Optimization 52

Zycus Cognitive Procurement

DECEMBER 9, 2020

Now that the situation is slowly moving towards normalcy, supply chain and procurement teams are under insurmountable pressure to monitor and mitigate supplier risks and compromise competitiveness closely. Hence, the iRisk module allows users to overview the supplier risk profile while creating a sourcing event or contract.

Risk management 52

Risk management Risk Suppliers Management 52

Claritum

JULY 23, 2018

Contracted. The supplier status steps, from no relationship through to contracted, allow for verification that a supplier is truly a diverse supplier during the review and evaluation stages. The other area of supplier management is compliance, in terms of contract and legal compliance. For example: No relationship. Under Review.

Supply chain 36

Supply chain Management Supply Suppliers 36

ivalua

MAY 31, 2022

Throughout the supplier’s lifecycle (tender, contract, goods receiving, annual review etc.), How to Achieve Supply Chain Resilience and Agility post Covid-19. It’s not just a few disparate tools that don’t work together–it’s an integrated software suite that lets you do it all.

Suppliers 246

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

Empowering CPO

MAY 8, 2023

Legal and Regulatory Risks – Legal and regulatory risks involve non-compliance with laws, regulations, and contractual obligations that can result in fines, penalties, reputational damage, or even termination of contracts. These tools often provide features like geo-location tracking, supplier profiles, and real-time risk alerts.

Risk management 52

Risk management Risk Procurement strategies Strategy 52

Empowering CPO

JUNE 9, 2023

By measuring key aspects of the procurement process, these metrics provide insights that can drive significant improvements in cost-efficiency, operational performance, and supply chain resilience. For example, cost-saving metrics can help identify opportunities to reduce expenses and increase profitability.

Procurement 52

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Quality 52

ivalua

FEBRUARY 25, 2021

Additionally, a purpose-built solution will enable you to measure and monitor buyer adherence to compliance purchasing, ensuring your team is taking advantage of preferred items and reaping the rewards of the contracts you have in place. It seems that the era of best-in-class supply chain solutions has arrived.

supply chain budgeting 221

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

Supply Chain Game Changer

MARCH 18, 2021

Centralized supplier, contract & spend control is difficult in any organization. But, as the complexity of a global supply network grows, so do the challenges associated with a growing supplier base; such as decreasing supply visibility, and increased supply chain risk. Source: Deloitte CPO Flash Survey 2020.

Procurement team 61

Procurement team Procurement supply chain budgeting Agile and Lean Supply Chain 61