Procurement Foundry

OCTOBER 24, 2023

Data lies at the centre of AI. But ‘having data’ in itself is not enough to build a resilient supply chain.

Supply chain resilience 52

Supply chain resilience Supply chain Supply Data 52

Spend Matters

SEPTEMBER 19, 2023

, complete lockdowns on people’s ability to travel, work and create, wreak havoc on normal business operations with a compounding shockwave across supply chains. Given that catastrophic events lead to deadly and costly supply chain disruptions, catastrophic risk is at the forefront of operational and supply chain resilience.

Supply chain 97

Supply chain Supply chain resilience Supply Risk 97

Arkestro

JANUARY 9, 2024

Federal and global regulations are forcing manufacturers to make fundamental changes in the way they source materials, use energy, and more. Improved reporting, analytics, and data will help inform decisions and enforce ESG policies with suppliers. Analyzing historical data, market trends, and external factors can improve accuracy.

supply chain budgeting 52

supply chain budgeting Supply chain resilience Procurement Supply Chain Optimization 52

ivalua

FEBRUARY 27, 2023

One way of doing this is by leveraging Source-to-Pay (S2P) solutions, which provide procurement with the tools needed to maximize the value they get from their supplier relationships, automate and streamline processes, and identify opportunities for cost savings.

Real-time Visibility 130

Real-time Visibility Procurement Agile and Lean Supply Chain supply chain budgeting 130

ivalua

MAY 31, 2022

Supply chains are complex and varied; to manage them effectively, you need to understand exactly what’s happening in both your supply chain and your customers’ end markets. But most sourcing and procurement teams need to pivot and modify the way they handle SCM decisions.

Suppliers 246

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

ivalua

FEBRUARY 25, 2021

They may not consider potential issues of integrations, supplier onboarding, supply chain data management, change management and system optimization, all of which add to complexity and costs. Sustainable master data management and governance: As much as 55% of projects fail due to data management issues.

supply chain budgeting 221

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

Supply Chain Trend

JANUARY 23, 2024

3% of companies use autonomous execution to enhance their supply chain resilience. To solve this gap, DI can autonomously read data from ERP and APS, as well as other sources, analyse options, decide on the best option under circumstances, and write back decisions and actions to APS and ERP to support planning and execution.

Supply chain resilience 78

Supply chain resilience Supply chain Import Data 78

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. There’s a much bigger dividend to obtain by automating the most boring, mundane tasks of your top sourcing professionals.” .

supply chain software solutions 130

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

ivalua

FEBRUARY 24, 2021

Procurement as a Strategic Business Advisor: With an increased focus on reducing risk and increasing agility, and the need for greater supply chain visibility, Procurement has been elevated to a strategic position within the business. Blending and upskilling will support successful digital transformation.”.

Agile and Lean Supply Chain 162

Agile and Lean Supply Chain Supply Chain Efficiency Supply chain Supply chain resilience 162

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 Technology Trends .

Procurement 130

Procurement supply chain budgeting Agile and Lean Supply Chain supply chain software solutions 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. An Analysis by Ivalua Read More : What is Source to Pay Best Practice?

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. An Analysis by Ivalua Read More : What is Source to Pay Best Practice?

Sustainability 130

Sustainability Risk Supply Chain Efficiency Agile and Lean Supply Chain 130

ivalua

JULY 8, 2020

Many of these organizations are already using Source-to-Pay technology and are now realizing more than ever that technology is a “must have” to ensure their supply chain remains resilient and agile throughout a crisis. Supplier Data Quality & Management in Decision Making.

Agile and Lean Supply Chain 26

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

Procurement Software

APRIL 2, 2024

Sourcing Easy to use, e-sourcing RFP / RFQ tool with modern interface. Niche Category Specific Numerous category specific software, ranging from freight tendering platforms, through to print and promotional items, professional services sourcing, to MRO and spare parts management.

supply chain budgeting 52

supply chain budgeting supply chain software solutions Procurement Budget 52

ivalua

APRIL 9, 2021

Procurement priorities have also become more strategic, as organisations focus on improving supply chain resilience and boosting growth. For many organisations, procurement was crucial to keeping supplies flowing during the pandemic and minimising the impact on profitability.

Procurement strategies 130

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 130

Spend Matters

DECEMBER 28, 2023

Geopolitics becomes a procurement issue Supply chain resilience will assume new meaning, with geopolitical tension presenting a complex puzzle for any global business. Chief Procurement Officers will come under mounting pressure to accelerate supply chain reconfiguration efforts started during the pandemic.

Procurement solutions 55

Procurement solutions Procurement Chief Procurement Officer Procurement team 55

ivalua

DECEMBER 14, 2020

The pandemic wreaked havoc on businesses and their supply chains, but even in these trying times, there’s a silver lining. 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.

Agile and Lean Supply Chain 130

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

Zycus Cognitive Procurement

DECEMBER 15, 2022

Improving supply chain analytics. Enhancing supply chain resilience. Improving supply chain sustainability. Building Agile Supply Chain Ecosystems : . To minimize risks and increase agility, several organizations are now turning towards agile supply chain ecosystems.

Supply chain management 52

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

HICX

JANUARY 30, 2023

The aim of this 3-day congress was to ‘challenge the status quo’ and amplify the voices of those that are ‘pushing the boundaries on innovation, ESG and supply chain resiliency’ as they ‘deliver fresh insights, challenge conclusions, and provide action plans and recommendations’.

Suppliers 52

Suppliers Management Supply chain resilience Strategic sourcing 52

Procurement Templates

SEPTEMBER 14, 2023

Procurement, traditionally seen as a function focused on sourcing goods and services at the best possible prices, has now evolved into a strategic driver for sustainability. It has the potential to drive change throughout the entire supply chain, influencing how products are sourced, manufactured, and distributed.

Sustainability 130

Sustainability Supply Chain Efficiency Procurement Ethics 130

ivalua

APRIL 8, 2021

Procurement priorities have also become more strategic, as organizations focus on improving supply chain resilience and boosting growth. Organizations believe that overly dispersed (72%), unactionable data (70%), and a lack of embedded best practices (70%) are limiting overall value from technology solutions .

Procurement strategies 130

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 130

Strategic Sourceror

OCTOBER 27, 2022

Shoring up staff is a good way to increase supply chain resiliency, which companies are trying to do more of today to ensure theirs has what it takes to stay together when it's taxed in the future. Brought to you by the StrategicSourceror.

Collaboration 105

Collaboration Supply Chain Efficiency supply chain software solutions Supply chain 105

Zycus Cognitive Procurement

JANUARY 20, 2023

ESG Adoption and Integration: As the business dynamics continue to change, so do the sourcing and procurement mandates. Supply Chain Resilience: The unprecedented disruption caused by the pandemic has highlighted the importance of supply chain resilience.

supply chain software solutions 52

supply chain software solutions Supply chain resilience Procurement Supply Chain Efficiency 52

Spend Matters

OCTOBER 24, 2023

This year, our analysts identified three solution providers that have proven their potential to be considered best-in-class, one of which is source-to-pay suite provider Onventis. The focal point of our efforts remains source-to-pay automation, particularly in operational and tactical areas.

Procurement solutions 87

Procurement solutions Supply Chain Efficiency Procurement supply chain software solutions 87

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.  He gives an example in the area of supply chain resilience. They need to be handled as holistic supply chain resilience digital transformation issues, he advises.

e2e 52

e2e Real-time Visibility Supply chain resilience Risk management 52

Zycus Cognitive Procurement

JANUARY 20, 2023

ESG Adoption and Integration: As the business dynamics continue to change, so do the sourcing and procurement mandates. Supply Chain Resilience: The unprecedented disruption caused by the pandemic has highlighted the importance of supply chain resilience.

supply chain software solutions 40

supply chain software solutions Supply chain resilience Procurement Supply Chain Efficiency 40

ivalua

NOVEMBER 26, 2020

Supply Chain Resilience vs Low-Cost Supply Chain. With the prospect of reshoring or nearshoring limited in scope, many organizations are pivoting their supply strategies to mitigate the impact of another disruption. This includes information like locations, financial stability, and key logistics strategies.

Agile and Lean Supply Chain 264

Agile and Lean Supply Chain Supply Chain Efficiency Supply chain Strategy 264

Arkestro

JANUARY 4, 2023

They will ensure their teams have meaningful data available in an actionable format to help them supercharge the influence of each team member.”. The Supply Chain Will Continue to Heal. Supply chains will improve,” according to Derek Mellott, Arkestro Solutions Consultant.

Supply Chain Optimization 104

Supply Chain Optimization Procurement team Agile and Lean Supply Chain Supply Chain Efficiency 104

Supply Chain Game Changer

MAY 5, 2021

For the majority of Supply Chain’s history, this evolution has been driven by a knack for finding efficiency. Companies have leveraged digital tools, and evolving skills, to collect vast data about product or raw materials sourcing, transportation, logistics, and manufacturing. But what do you think?

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Supply chain Strategy 52

Empowering CPO

MAY 8, 2023

These risks can arise from various sources, including suppliers, market conditions, geopolitical factors, and internal organizational processes. Effective procurement risk management entails identifying, assessing, and mitigating these risks to ensure a resilient and efficient supply chain.

Risk management 52

Risk management Risk Procurement strategies Strategy 52

Arkestro

DECEMBER 12, 2022

One of the biggest challenges facing pharmaceutical procurement teams is sourcing materials in a global market that constantly shifts based on geographic factors. Shipments from a country that was the preferred source for an ingredient may be subject to tariffs that dramatically raise costs beyond planned schedules.

Real-time Visibility 52

Real-time Visibility Procurement e2e Raw materials 52

Una

NOVEMBER 8, 2023

Supply Chain Resilience and Diversification The COVID-19 pandemic highlighted the vulnerability of global supply chains , particularly those heavily reliant on a single source or location. Thailand Companies like Western Digital, Ford, and General Electric have operations in Thailand.

Export 52

Export Raw materials Supply chain resilience Supply chain 52

Arkestro

MAY 30, 2022

We all remember the early days of the pandemic and shortages in critical medical supplies. Procurement and sourcing teams worked tirelessly to find solutions to disrupted supply chains. It’s unnecessary, so why add to the chaos by adding new software deployment, data conversion, and training?

Agile and Lean Supply Chain 52

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

Supply Chain Trend

MAY 17, 2022

Many IBP meetings take on an “information sharing” character, which is largely because planners spend up to 50% of their time on an information role , like gathering and cleansing data and analyzing and creating insights — even before making or facilitating a decision. Supply chain planners and IBP teams will not escape this evolution.

Agile and Lean Supply Chain 97

Agile and Lean Supply Chain supply chain software solutions Supply Chain Efficiency Supply chain 97

Zycus Cognitive Procurement

JANUARY 24, 2023

As per the experts “ PLAN for 2023 requires a synergy between people, process and technology aspects.” Process: CPOs must plan on how to leverage next-generation technologies such as AI, ML, RPA to automate repetitive tasks and derive insights and structured data for making the right decisions.

Procurement strategies 52

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

Empowering CPO

JUNE 9, 2023

It is the process of sourcing, negotiating, and purchasing the goods and services a business requires to carry out its operations. This can range from raw materials for production, to office supplies, to strategic partnerships. This can be done by: Collecting Data: Establish a process to collect the necessary data for each KPI.

Procurement 52

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Quality 52

EazyStock

JANUARY 27, 2021

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 is a key component for supply chain resilience. With supply chains extending across borders and managed by software comes an uptick in the need for cloud computing.

supply chain software solutions 96

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