Spend Matters

JANUARY 8, 2024

This is where AI can come into its own, allowing procurement to establish full price transparency and scrutinize vendor requests to determine whether price increases were overly inflated. Clients strive to position themselves as ‘customers of choice,’ a strategic move aimed at strengthening their supply chains.

Procurement solutions 72

Procurement solutions Supply Chain Optimization Procurement Supply Chain Efficiency 72

Procurement Tactics

SEPTEMBER 7, 2022

Sustainable procurement, also known as green procurement, refers to the process of integrating environmental, social, and governance goals into the procurement and supply chain. . In simple terms, sustainable procurement refers to how businesses can identify and reduce the environmental impacts in their supply chain.

Sustainability 163

Sustainability Procurement Cost of ownership Supply Chain Efficiency 163

Procurement Tactics

APRIL 5, 2023

Sustainability in procurement is defined as the acquisition of goods and services in an environmentally-friendly manner to fulfill the needs of the company for its daily operation and supply chain. Sustainability helps improve the financials and future-proof the organization against a range of risks that can disrupt supply chains.

Sustainability 187

Sustainability Procurement Supply Chain Efficiency Procurement strategies 187

Supply Chain Game Changer

NOVEMBER 19, 2018

In the book, The Living Supply Chain , the authors argue that, “Speeding up the supply chain is at the root of everything that is good: improved revenue, reduced working capital, higher profitability, and less obsolete inventory. Digital transformation of the supply chain will change everything – for the better.

Supply Chain Efficiency 45

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Supply chain 45

Empowering CPO

FEBRUARY 11, 2024

At EmpoweringCPO, we understand the pivotal role it plays in optimizing the supply chain, reducing costs, and fostering long-term competitiveness. Consulting firms like ours leverage cutting-edge tools and analytics to gain deep insights into market trends, supplier performance, and cost structures.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sustainability Sourcing 52

Empowering CPO

JULY 16, 2023

While procurement might seem a straightforward process, it is a multifaceted domain requiring specialized knowledge and strategies to ensure efficiency, quality, cost-effectiveness, and risk mitigation. Managed procurement, on the other hand, adopts a proactive, strategic, and holistic approach to procurement.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

NLPA (Next Level Purchasing Association)

FEBRUARY 29, 2024

The relentless pursuit of cost reduction, navigating an increasingly complex supply chain landscape, and adapting to ever-evolving customer needs – these are just a few of the constant challenges faced by procurement teams today. This is where category management in procurement emerges as a game-changer.

Category management 52

Category management Management Procurement Supplier relationship management 52

Supply Chain Collaborator

JANUARY 7, 2020

What is the total cost of ownership? How does the solution support supply chain digitization plans? How does the prospective solution: Ease integration challenges with other solutions in the supply chain tech stack? Effectively, efficiently handle data across multiple formats? New carrier onboarding.

Cost of ownership 92

Cost of ownership Supply Chain Efficiency Supply chain Innovation 92

SCMDOJO

JULY 29, 2022

The objectives and advantages of Economic Order Qty (EOQ) are to minimize inventory carrying costs and ordering costs while simultaneously limiting the probability of stock out to avoid any lost sales or customer loss. Like safety stock calculations , EOQ is one of the most important equations in supply chain planning.

Quantity 103

Quantity Supply chain management Supply chain management Supply Chain Efficiency 103

Empowering CPO

JULY 16, 2023

While procurement might seem a straightforward process, it is a multifaceted domain requiring specialized knowledge and strategies to ensure efficiency, quality, cost-effectiveness, and risk mitigation. Managed procurement, on the other hand, adopts a proactive, strategic, and holistic approach to procurement.

Supply Chain Efficiency 40

Supply Chain Efficiency Management Procurement Supply Chain Optimization 40

Una

OCTOBER 12, 2023

Understanding Offshoring, Onshoring, Nearshoring, and Rightshoring in Procurement Explore the nuances between offshoring and other approaches to procurement and how each one can impact the bottom line, supply chain resilience and overall strategic objectives. Nearshoring Nearshoring falls somewhere between onshoring and offshoring.

Supply Chain Optimization 52

Supply Chain Optimization Procurement Supply chain resilience supply chain budgeting 52

NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

A successful procurement transformation involves a strategic overhaul of processes, technologies, and approaches to achieve greater efficiency, cost savings, risk management, and value creation. Automation increases efficiency and reduces errors, leading to faster and more accurate procurement cycles.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

Empowering CPO

FEBRUARY 1, 2024

The result is not just cost savings but a holistic transformation that positions organizations for sustained success in an ever-changing business landscape. Our services are meticulously crafted to maximize efficiency while allowing organizations to concentrate on their core competencies.

Strategic sourcing 40

Strategic sourcing Strategic sourcing Sourcing Sustainability 40

Jaggaer

APRIL 22, 2019

Procurement teams are in a unique and important position to drive such initiatives forward as these improvements are only possible through actions taken in the supply chain. using a total cost of ownership strategy) and identify key risks (and related costs) to avoid. A quick look at the regulatory landscape.

Sustainability 91

Sustainability Supply Chain Efficiency Procurement supply chain software solutions 91

NLPA (Next Level Purchasing Association)

OCTOBER 17, 2022

Continuous Improvement and Risk Management Systems have long been essential to realizing supply chain and organizational success. This is especially true at a time when organizations are preoccupied with ensuring reliable supply lines, cost reduction, risk mitigation, business continuity, and so on. . PDCA stands for: .

supply chain budgeting 52

supply chain budgeting Risk Agile and Lean Supply Chain Risk management 52

SCMDOJO

FEBRUARY 13, 2023

To get the most out of any procurement team, all the associated key roles need to be filled with qualified individuals that understand both technology and the principles of supply chain management. They also manage the organization’s supply base to ensure coordination and efficiency.

Procurement 87

Procurement Chief Procurement Officer supply chain budgeting Supply Chain Efficiency 87

Supply Chain Game Changer

MARCH 30, 2022

Subscribe to Supply Chain Game Changer. It is needed to ensure the efficiency of the cost of ownership of the technological landscape of financial services. Originally written for Supply Chain Game Changer and published on March 30, 2022. appeared first on Supply Chain Game Changer™.

supply chain software solutions 89

supply chain software solutions Agile and Lean Supply Chain Cost of ownership Supply Chain Efficiency 89

Supply Chain Trend

DECEMBER 22, 2023

In the end, IBP is a philosophy, or belief system that strives for transparency, near perfect integration and alignment, both horizontal (between functions, BUs, even companies) and vertical (between strategy, planning and execution). These are ideas of enhancement, evolution, not replacement. So, there are many possible approaches.

Supply Chain Efficiency 78

Supply Chain Efficiency Supply Chain Optimization Quality supply chain budgeting 78

Una

OCTOBER 9, 2023

DOWNLOAD PLAYBOOK Table of Contents Introduction In procurement and supply chain, staying ahead of the game is not just a goal – it’s a necessity. Strategic sourcing takes into account a few key concepts: Total Cost of Ownership TCO shows how strategic sourcing looks beyond the initial purchase price.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Positive Purchasing

JANUARY 13, 2023

We are seeing a lot of bottlenecks in supply chains, so we must be thinking far into the future of what energy we need, so we can provide the services that are in demand ahead of this. Batteries will likely become smaller, lighter, more efficient – much more energy dense. New technology.

Procurement 98

Procurement Cost of ownership Supply Chain Efficiency Demand 98

Una

JANUARY 8, 2024

Value-Creation Maestro You invest a bit more in fuel-efficient, low-maintenance vehicles with a longer lifespan. The value here isn't just held in the initial cost but in the total cost of ownership, environmental impact, and overall efficiency. The initial savings pale in comparison to the ongoing expenses.

supply chain budgeting 52

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

NLPA (Next Level Purchasing Association)

APRIL 5, 2023

With the increasing complexity of supply chains and the growing importance of sustainability and social responsibility, the role of procurement professionals has become more critical than ever. Failure to conduct benchmarking can lead to missed cost savings, efficiency improvements, and process optimization opportunities.

Procurement 52

Procurement Negotiation supply chain budgeting Supply Chain Optimization 52

Supply Chain Collaborator

APRIL 7, 2016

Choose the stodgy, uninspired logistics IT solution provider with the middling results/poor cost efficiency it delivers and you’ll be remembered as lacking vision. You can select the perfect logistics IT platform for your specific needs at a cost that is completely transparent and without nasty “hidden cost” surprises.

Cost of ownership 61

Cost of ownership Buyers Logistics Change management 61

Supply Chain Game Changer

NOVEMBER 13, 2018

Strategic Sourcing is a proven approach to understanding and delivering significant cost reduction based on Total Cost of Ownership (TCO), building a sustained value – creating relationship with the suppliers and category spend reduction in order to create and sustain a competitive advantage. So what are the new realities?

Strategic sourcing 73

Strategic sourcing Strategic sourcing Procurement supply chain budgeting 73

TYA Suite

DECEMBER 16, 2022

And it helps the organization to function efficiently. Procurement involves aspects such as finding the right supplier, analyzing the pricing, supply chain, etc. is totally focused on the cost of the orders, and procurement focuses on the creation of value and TCO (Total Cost of Ownership).

Purchasing 52

Purchasing Procurement Eprocurement Cost of ownership 52

IBM Supply Chain Blog

NOVEMBER 8, 2023

These are important steps for their mission to achieve better clinical outcomes, a faster time to treatment for patients, and an efficient reduction in pathologist workloads. The goal is to provide clients with a clear path forward for business continuity, ensuring a smoother and more efficient process.

Leadership 99

Leadership Data Cost of ownership Strategy 99

IBM Supply Chain Blog

AUGUST 1, 2023

Using multiple platforms to discover apps and manage laptops and mobile devices negatively impacts the IT and security team’s efficiency and productivity in continuous application patching. In this day and age, it’s critical that organizations know about and manage all apps installed on their endpoints.

Risk 59

Risk Management Real-time Visibility e2e 59

IBM Supply Chain Blog

AUGUST 24, 2023

IBM Security MaaS360 is a modern, advanced unified endpoint management platform that merges MDM with MAM, helping IT teams be both efficient and effective and keeping the total cost of ownership under control. They are both very useful for IT administrators to make sure that the mobile devices, users and data remain protected.

Cost of ownership 67

Cost of ownership Data Management Strategy 67

Procurement Software

MARCH 11, 2022

White space savings (freeing up someone’s time and increasing operational efficiency). This is especially true when looking at how the supply chain and the management of external suppliers can play a pivotal role in a company’s ESG goals. Process related savings that can’t be measured by direct reduction to headcount.

Procurement 52

Procurement supply chain budgeting Price Negotiation 52

Procurement Software

MARCH 11, 2022

White space savings (freeing up someone’s time and increasing operational efficiency). This is especially true when looking at how the supply chain and the management of external suppliers can play a pivotal role in a company’s ESG goals. Process related savings that can’t be measured by direct reduction to headcount.

Procurement 52

Procurement supply chain budgeting Price Negotiation 52

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. The verdict?

supply chain budgeting 221

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

Supply Chain Collaborator

FEBRUARY 24, 2017

Sadly, many of the updates do nothing to improve your operational efficiency. So, even though it may be delivered in the cloud, the transaction-based pricing model prevents you from capturing the cost savings promised by SaaS delivery in the first place.

Cost of ownership 60

Cost of ownership Bidding Logistics Innovation 60

Sourcing and Supply Chain

JUNE 24, 2021

There is a constant focus on understanding costs and value, and looking for ways to take cost out of the product. It maximizes value, efficiency, quality, and innovation, as well as mitigating risk. Category strategy excellence is a powerful tool that should be at the core of the procurement team’s work.

Category management 52

Category management Management Procurement Market analysis 52

Supply Chain Game Changer

MARCH 6, 2019

Subscribe to Supply Chain Game Changer. Due to globalization, growing consumer demands on transparency, the pertinence of sustainable development and technological advancements, procurement and supply chain professionals have been highlighted as an integral part of their organizations. Subscribe Here!

Procurement 50

Procurement Procurement team Supply Chain Efficiency Innovation 50

Procurement Tactics

SEPTEMBER 15, 2022

However, this kind of purchasing is important, especially in the supply chain. . Once you are done reading this article, you will have a deeper understanding of why companies are adopting sustainability not just in purchasing but also in the supply chain. Use the Total Cost of Ownership (TCO) approach when buying.

Purchasing 130

Purchasing Sustainability Cost of ownership Supply Chain Efficiency 130

Planergy

SEPTEMBER 8, 2022

If suppliers feel like you’re constantly criticizing them or looking for ways to reduce costs, they may be less likely to want to do business with you in the future. This includes things like cost per unit (CPU), the total cost of ownership (TCO), scrap/rework costs, etc. Aim for Continuous Improvement.

Suppliers 52

Suppliers Management Supplier relationship management supply chain budgeting 52

SCMDOJO

APRIL 3, 2022

They are far more convenient than conventional discussions and negotiations, providing procedural integrity and transparency while also lowering final prices owing to enhanced supplier competitiveness. Digital bidding, or eAuctions, are a more efficient way of negotiating with vendors in the international market. Macfarlane, 2017).

Supply Chain Efficiency 138

Supply Chain Efficiency Bidding Procurement team supply chain software solutions 138