World of Procurement blog

MAY 8, 2024

Mitigates risk by selecting reliable suppliers, managing supplier relationships, and ensuring continuity of supply. Provides key data insights through spend analysis that informs strategic decisions. Processes like purchase order creation, invoicing, and expense reporting can be automated to save time and reduce errors.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

HICX

MAY 12, 2023

For example, the master data is now in place and they have managed to eliminate over 1,000 spreadsheets and reports over the past three years.  In his words, “If we don’t have visibility of it, we don’t know where to go at it.” Analytics, on the other hand, done correctly, can provide this visibility.

e2e 52

e2e Real-time Visibility Supply chain resilience Risk management 52

IBM Supply Chain Blog

MAY 17, 2024

Poorly run implementations of traditional or generative AI in commerce—such as models trained on inadequate or inappropriate data—lead to bad experiences that alienate consumers and businesses. This includes trust in the data, the security, the brand and the people behind the AI.

Supply Chain Efficiency 58

Supply Chain Efficiency Real-time Visibility Supply Chain Optimization e2e 58

ivalua

APRIL 27, 2023

CTA April 28, 2023 | | Supply Chain by Vishal Patel Cost, Risk, and Sustainability. The question is, how do you balance all three while maintaining continuous operations and generating revenue at the same time? Those are three hot topics in the enterprise today. To do so, we need to get creative and curious.”

Supply Chain Efficiency 130

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

ivalua

APRIL 27, 2023

Ivalua Spend Management Insights [ivory-search] A Balancing Act: Drive Sustainability while Managing Cost and Risk April 27, 2023 | | Supply Chain by Vishal Patel Cost, Risk, and Sustainability. Those are three hot topics in the enterprise today. To do so, we need to get creative and curious.”

Sustainability 130

Sustainability Risk Supply Chain Efficiency Agile and Lean Supply Chain 130

SCMDOJO

MAY 7, 2024

However, they are also susceptible to disruptions and risks. Enhancing supply chain resilience as well as supply chain visibility is crucial in today’s interconnected world. Supply Chain Resilience refers to a supply chain’s ability to withstand and recover from unexpected events.

Supply Chain Visibility 74

Supply Chain Visibility Real-time Visibility e2e Supply Chain Optimization 74

ivalua

JULY 8, 2020

In this article we’ll review how supplier management capabilities in Source-to-Pay technology can free-up and enable a manufacturer’s direct material procurement team to do what they do best to ensure the supply chain remains resilient and agile: be creative and strategic.

Agile and Lean Supply Chain 26

Agile and Lean Supply Chain Supply chain resilience Supply Chain Efficiency Supply chain 26

Arkestro

DECEMBER 12, 2022

To address supplier challenges, you must ensure your preferred providers can meet your changing needs and that you have a diverse supply base. Supply Chain Visibility. Supply chain visibility is another critical issue. Managing Supplier Relationships.

Real-time Visibility 52

Real-time Visibility Procurement e2e Raw materials 52

Arkestro

MAY 30, 2022

Critical suppliers are deeply integrated with day-to-day operations, and it is the successful management of these suppliers that delivers a competitive advantage leading to greater business impact. The pharma industry was required to ramp up the production and distribution of vaccines and medical supplies as quickly as possible.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Procurement Real-time Visibility supply chain software solutions 52

Empowering CPO

JUNE 27, 2023

Spend analysis involves the systematic examination of purchasing data to gain insights into spending patterns, supplier performance, and potential areas of improvement. Traditional approaches to spend analysis relied heavily on manual processes and limited data visibility.

Real-time Visibility 40

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

Planergy

JANUARY 26, 2023

How to gain visibility and control of your indirect spend. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. The best way to minimize disruption is to identify the various supplier risks and create a plan of action for what to do if the risk becomes a reality.

Risk 52

Risk supply chain software solutions supply chain budgeting Supply Chain Efficiency 52

Empowering CPO

JUNE 14, 2023

It is a strategic process that involves identifying business needs, sourcing suppliers, negotiating contracts, managing supplier relationships, and ensuring the timely delivery of high-quality products or services. These models are often accompanied by practices such as annual rate contracts, bulk buying, and just-in-time purchasing.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

EazyStock

FEBRUARY 13, 2019

Let’s dig into the future supply chain trends that could transform your supply chain and logistics operations! Distributed Inventory. At what point does long delivery time become a deal-breaker for you? A real-life example of digital twin technology can already be seen in some modern cars.

Supply chain management 45

Supply chain management Supply chain management Supply Chain Efficiency Supply Chain Optimization 45

ivalua

FEBRUARY 25, 2021

Are ERP systems better than best-in-class supply chain solutions for managing healthcare supply chains? What are the pros and cons, and what supply chain strategy will pave the way to higher margins, improved supply chain risk management in healthcare and improved patient care?

supply chain budgeting 221

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