article thumbnail

Inventory Life Cycle: Your Guide to Master Inventory Management

SCMDOJO

Leveling up your inventory life cycle can be crucial, but keeping all the fundamental factors jumping is essential to let the life cycle evolve. However, if the life cycle stock is healthy, inventory management is smooth. Inventory management revolves around the pivotal concept of the product life cycle. Click here!

article thumbnail

Here’s a comprehensive list of the top 100 skills that a Procurement Manager should master

Procurement Templates

Explore Emerging Tech: Understand blockchain’s role in tracking and IoT for inventory management. SAP, Oracle) Procurement software (e.g., Coupa, Ariba) Data analytics tools (e.g., SAP, Oracle) Procurement software (e.g., Coupa, Ariba) Data analytics tools (e.g., Resources: Vendor-specific training programs.

professionals

Sign Up for our Newsletter

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

article thumbnail

How to Build a Successful Procurement Strategy in 2025

ivalua

How resilient is your cost structure under inflationary pressure? Incorporating demand forecasting, inventory management, and market analysis into your planning process will strengthen your ability to respond to disruptions. What happens if a critical supplier fails?

article thumbnail

How to Build a Successful Procurement Strategy in 2025

ivalua

How resilient is your cost structure under inflationary pressure? Incorporating demand forecasting, inventory management, and market analysis into your planning process will strengthen your ability to respond to disruptions. What happens if a critical supplier fails?

article thumbnail

Agentic AI in Supply Chains: The Future of Decision Making

SCMDOJO

The Role of Agentic AI in Supply Chains Supply chains are dynamic and complex, requiring continuous decision-making across multiple functions, from procurement and inventory management to logistics and demand forecasting. Automates bidding processes and cost optimization.

article thumbnail

The Art of Supplier Collaboration: Best Practices to Build Lasting Partnerships

Jaggaer

As procurement and supply chain leaders seek to optimize performance, collaboration with suppliers becomes a strategic tool for creating value for the business. From basic cost optimization to leveraging technology, we’ve laid out our six best practices for building and maintaining collaborative supplier relationships.

article thumbnail

Procurement Technology: Enterprise Solutions Driving Efficiency and ROI

ivalua

The scale, complexity, and risk involved in global operations within the modern enterprise demand more advanced solutions that can integrate tightly with ERP, finance, and supplier systems and support broader goals such as sustainability, risk management in procurement, and cost optimization.