article thumbnail

What is a Sourcing Agency and How does it work?

SCMDOJO

In the global world of businesses, companies often seek help from sourcing agencies to figure out how to get the things they need. But what’s a sourcing agency or sourcing agent and how does it make buying things easier? Let’s explore this world of sourcing agencies and understand what they do.

article thumbnail

Streamlining supply chain management: Strategies for the future

IBM Supply Chain Blog

Why supply chain management matters Supply chain management involves coordinating and managing all the activities involved in sourcing , procurement, conversion and logistics. A supply chain control tower can connect many sources of data-driven information and improve end-to-end visibility.

professionals

Sign Up for our Newsletter

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

article thumbnail

ERP vs. Best-in-Class — What is Best for Managing the Healthcare Supply Chain

ivalua

For example, a single-stack approach can lead to low user adoption, because the incumbent sourcing solution, for example, fails to meet the needs of various business units. . Sustainable master data management and governance: As much as 55% of projects fail due to data management issues. Demand planning capabilities.

article thumbnail

What is Supply Chain Management? A Guide to Success

SCMDOJO

From sourcing raw materials, manufacturing, and storage, to transportation and distribution, SCM ensures efficiency and cost-effectiveness throughout the entire journey. By streamlining processes, reducing costs, and improving customer satisfaction, companies can achieve higher profitability and sustainability.

article thumbnail

The Big Interview with Lorna Baker

Procurement Heads

I see procurement very much as being a facilitator of relationships between internal businesses and business partners and the market so that we can actualise savings, improve demand planning and help our customers become more informed so that they understand their options and make better decisions.

article thumbnail

Embracing AI and Predictive Procurement to Overcome Industry Challenges

Arkestro

Predictive and generative AI can help procurement teams resolve these data quality issues, allowing for long-term sustainable margin improvement. Tracing the source of data quality issues can create immense cost savings by pointing to the features of a given dataset that need more attention. Here’s where attribution mapping comes in.

article thumbnail

The Big Interview with Lorna Baker

Procurement Heads

I see procurement very much as being a facilitator of relationships between internal businesses and business partners and the market so that we can actualise savings, improve demand planning and help our customers become more informed so that they understand their options and make better decisions.