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Visibility is crucial for supply chains

Strategic Sourceror

These tasks, combined with the increasing levels of complexity and risk that modern supply chains have had to go through, has made tracing exactly what's going on even more difficult than it had been in the past. Why is visibility so important? Brought to you by the StrategicSourceror.

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Contract Management Process — Everything You Should Know

Procurement Tactics

Contract management, also known as contract lifecycle management, in the field of procurement refers to the handling of end-to-end contracting with the suppliers and other third parties of an organization. . Enhancing strategic sourcing through data analysis. Enhanced contract visibility.

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The Dirty Little Secrets in Procurement!

Supply Chain Game Changer

Lack of Visibility Beyond Tier 1. According to the 2021 Deloitte Chief Procurement Officer Survey, “Around 70% of CPOs felt that they had good visibility on the risks that existed in their direct (tier 1) suppliers. Yet only 26% were able to confidently predict risk within their supply bases. Dirty Little Secret #1.

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There Are Not Enough Women Supply Chain Leaders!

Supply Chain Game Changer

Supply Chain is no longer a back-office, transactional function. Other industries that don’t ship physical goods (for example Financial Services or Insurance) have adopted sophisticated Strategic Sourcing methodology for their Procurement. But as we chronicle on the Argentus blog, the field has changed.

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The Reality of Automation in Procurement!

Supply Chain Game Changer

It helps bring predictability to Strategic Sourcing, automates Transactional Procurement (or P2P cycle), and enables proactive Supplier Risk Management. Real-time data and analytics. Without interconnected systems, manual data transfer happens across systems using spreadsheets. Supply Chain Transparency.

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The 25 Hottest US Procurement Startups

Procurement Software

The 25 Hottest American Procurement Tech Startups Before we give you the list, we should briefly touch on what we’ve defined as a “Startup” Less than 50 employees, according to data on LinkedIn. Key Data: Founder / CEO: Anders Lillevik Date Founded: 2020 Visit Focal Point profile in our Software Finder 2.

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Coronavirus & The CPG World: What to do now and how to prepare for the future?

Solvoyo

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. End-to-end scenario analyses require this visibility data as input.

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