Procurement Tactics

MAY 22, 2023

Integrated logistics, also known as integrated supply chain management, refers to the coordinated and seamless management of all the activities involved in the movement and storage of goods and materials. Thus, this will enable you to implement it in your supply chain. What is Integrated Logistics?

Logistics 207

Logistics supply chain software solutions supply chain budgeting Supply Chain Optimization 207

Spend Matters

AUGUST 28, 2023

In this Spend Matters Vendor Analysis Update, we give an updated overview of Zivio, a solution that helps organizations (buying organizations and MSPs) manage sourcing for complex services categories, such as legal, marketing or facilities management.

e2e 82

e2e Sourcing Real-time Visibility Procurement team 82

IBM Supply Chain Blog

JUNE 30, 2023

For example, the chip shortage has been a call to action for both original equipment manufacturers (OEMs) and suppliers. Monitor supply to minimize production delays and reduce the time needed for critical supply chain disruption management. A lack of MRO inventory visibility can lead to a lack or obsolescence of key parts.

supply chain budgeting 65

supply chain budgeting Supply Chain Optimization Supply Chain Efficiency Real-time Visibility 65

Supply Chain Game Changer

JANUARY 14, 2020

So why is it that the Supply Chain in so many companies is being run without the end to end visibility needed to even function, yet which we have in our personal lives? In this age of exponential growth in digital connectivity the time has come to ensure you have End to End Supply Chain visibility.

Real-time Visibility 52

Real-time Visibility e2e Supply Chain Efficiency Supply chain 52

Procurement Software

MAY 14, 2024

Intake and procurement process orchestration is all about managing stakeholders as they navigate through the procurement process. By embracing a strategic approach to procurement, you can streamline operations, mitigate risks, and foster stronger supplier relationships. What is procurement intake?

Procurement 52

Procurement Real-time Visibility e2e Chief Procurement Officer 52

ivalua

MAY 19, 2022

Having the complete source-to-pay journey within the Ivalua Platform will help our customers build stronger, reliable supplier relationships”, said David Khuat-Duy, Founder and CEO of Ivalua. By removing the friction in global supply chains, for the first time, the payment and the sourcing event are seamlessly linked.

Supply Chain Efficiency 130

Supply Chain Efficiency Real-time Visibility e2e Buyers 130

Spend Matters

FEBRUARY 13, 2023

The company achieves this by using an advanced Al paired with real-world, in-the-moment perspectives from a proprietary network of partners that deliver insights down to the bill of material level. Also, the performance of the fulfillment process is a critical input to the continuous optimization of the supply/supplier base.

Risk management 71

Risk management Supply Chain Optimization Risk Supply chain 71

Supply Chain Game Changer

SEPTEMBER 6, 2022

This activity includes collecting and storing inventory, fulfilling orders, and managing the post-sales process. For example, when a customer orders an item through your online shop, you must ship it to the buyer within a specific time frame to avoid cancellation. Enable End-To-End Order Visibility.

Order Fulfillment 94

Order Fulfillment Supply Chain Efficiency e2e Real-time Visibility 94

Supply Chain Game Changer

FEBRUARY 6, 2020

Do you have a Freight Management Strategy or are you Spinning your Wheels? Freight Management Hell article originally published by, and permission to publish here provided by, Adam Robinson at cerasis.com. The road to freight management Hell is laden with poor freight visibility and outdated systems.

Real-time Visibility 71

Real-time Visibility e2e Management supply chain budgeting 71

World of Procurement blog

MAY 10, 2024

Conducting market research : AI can scan the web to collect pricing information, identify potential suppliers, assess supplier reputations, and keep up-to-date with market and industry trends. Enhancing contract management : Natural language processing enables AI to extract key data from contracts.

Procurement team 52

Procurement team Procurement Real-time Visibility Supply Chain Efficiency 52

HICX

FEBRUARY 15, 2024

This has led to organizations investing capital in and spending time on optimizing supply chains to cut lead times, improve supplier performance and increase business profitability. While increasingly companies are turning their attention towards and using AI, arguably it has yet to be used to its full potential.

Supply chain management 52

Supply chain management Supply chain management Supply Chain Efficiency supply chain software solutions 52

IBM Supply Chain Blog

FEBRUARY 13, 2024

For sourcing teams, that means pivoting their mindset around selecting suppliers from a tactical, lowest-cost-above-all approach to a strategic one. Sourcing and procurement professionals operating with a strategic sourcing mindset assess a supplier’s quality, reputation and service.

Strategic sourcing 85

Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 85

IBM Supply Chain Blog

NOVEMBER 8, 2023

For the first time, the rule establishes additional recordkeeping requirements for any US-based entity that manufactures, processes, packs or holds foods on the Food Traceability List. With greater tracking and traceability, for example, comes real-time demand insight. Digitalization is not one-size-fits-all.

Supply Chain Efficiency 113

Supply Chain Efficiency supply chain budgeting Real-time Visibility e2e 113

Spend Matters

DECEMBER 21, 2023

AI can help create greater efficiency and value across all source-to-pay processes, including spend analysis, opportunity identification, sourcing and contract management, category management, supply relationship management and risk management.

Procurement solutions 81

Procurement solutions Procurement e2e Real-time Visibility 81

ivalua

JULY 14, 2021

In order to truly cross this chasm, your business does not require major construction, but simply a supplier self-service portal. With two-factor authentication and embedded real-time change processing there are no payment files to edit. This allows them to track payments and manage their personal accounts more granularly.

Real-time Visibility 130

Real-time Visibility e2e Suppliers Purchase orders 130

ivalua

JUNE 11, 2019

At some point, there was a need for this, a solicitation process to select a supplier, a competitive bidding process, a contract negotiation, transactions and so on. For the longest time, leading Procurement technology providers in my experience just ignored this space.

Procurement 169

Procurement Real-time Visibility e2e Competitive bidding 169

SCMDOJO

MAY 7, 2024

Enhancing supply chain resilience as well as supply chain visibility is crucial in today’s interconnected world. The powerful concept of Supply Chain Visibility lies at the core of resilience. Supply Chain Visibility refers to tracking and monitoring the movement of goods, services, and information throughout the supply chain.

Supply Chain Visibility 74

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

Arkestro

DECEMBER 12, 2022

Limited Supplier Network. Relying on a limited number of suppliers can lead to back-orders and other delays. Constrained supply chains and the associated shortages have resulted in mounting pressures for organizations to diversify their supplier bases. Supply Chain Visibility. Managing Supplier Relationships.

Real-time Visibility 52

Real-time Visibility Procurement e2e Raw materials 52

Una

MAY 11, 2023

Building a Procurement Function From Scratch With the right approach, building a procurement function from scratch can create streamlined and efficient processes that deliver real value to your organization. Who are the end-users? Who are the key suppliers ? Who are the decision-makers?

Procurement 98

Procurement Real-time Visibility e2e Purchasing 98

SCMDOJO

OCTOBER 14, 2023

Blockchain has evolved as a highly secure and fast way of managing transactions and has proven benefits in almost all fields. What is a supply chain management system (SCM)? It comprises all elements from the origin (the raw material) to the consumption networks (end users). It has made visible changes in the SCM systems.

Supply Chain Efficiency 89

Supply Chain Efficiency supply chain software solutions Supply chain management Supply chain management 89

Supply Chain Game Changer

FEBRUARY 12, 2020

Why have so few companies adopted a TMS (Transportation Management System) solution? There are tremendous benefits but there are obstacles, real or perceived, that get in the way. One of the services that was very compelling was our Freight Management service. Subscribe to Supply Chain Game Changer.

Real-time Visibility 76

Real-time Visibility Management Supply Chain Optimization supply chain budgeting 76

Supply Chain Game Changer

OCTOBER 1, 2019

Purchase orders would be written out by hand and mailed or faxed to suppliers with buyers calling suppliers on the phone to tell them about their needs as well as the inevitable changes in demand. Visibility to where goods were was largely limited to updates that came over the phone. Conclusion.

Supply Chain Optimization 82

Supply Chain Optimization Supply Chain Efficiency supply chain software solutions Supply chain 82

SCMDOJO

JULY 24, 2023

Contract Logistics is a critical aspect of the supply chain that often remains behind the scenes but plays a significant role in ensuring the efficient movement and management of goods. Contract logistics is a specialized service offered by third-party logistics (3PL) providers to manage supply chain operations on behalf of a company.

Contract 91

Contract Logistics Supply Chain Efficiency Supply Chain Optimization 91

Arkestro

JUNE 6, 2023

Ultimately, both want the same goal — ensuring business outcomes are positive, timely, and on-budget. Without the right communication, priorities, and technology to help, managing the procurement-finance relationship can become unnecessarily complicated. Purchases in Time and Budget: How many purchases are on budget and on time?

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Real-time Visibility supply chain budgeting 52

Supply Chain Game Changer

APRIL 29, 2021

Supply Chain Investment Challenges – Real and Imagined! Amid the thick covid-clouds, organizations are preparing to make their way back to regular business to maximize profitability and make up for the lost time. At the forefront of these changes are new technologies which will impact supply chain management in the future.

Supply Chain Optimization 135

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain supply chain software solutions 135

Pipefy

MAY 23, 2023

Because of this, carrying out its operations manually is time-consuming and incredibly expensive for businesses. Savvy leaders are quickly adopting e-procurement solutions to lower the time, costs, silos, and strained supplier relationships that plague manual operations.

Procurement solutions 52

Procurement solutions Procurement e2e supply chain software solutions 52

Empowering CPO

JULY 16, 2023

Introduction Brief Explanation of Managed Procurement Services In today’s interconnected business world, the seamless acquisition of goods and services is paramount to the smooth operation of any organization. This is where managed procurement services come into the picture.

Supply Chain Efficiency 40

Supply Chain Efficiency Management Procurement Supply Chain Optimization 40

SCMDOJO

MAY 6, 2022

The growth of coding capabilities and accessible resources can help several firms consolidate data sources and create real-time visibility throughout the end-to-end supply chain using no-code development platforms. The benefits include cost savings and a quick turnaround time from development to implementation.

supply chain software solutions 110

supply chain software solutions Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 110

Supply Chain Collaborator

APRIL 14, 2020

Though it is an added stressor at this precarious moment, the time will never be more appropriate to take action toward improving enterprise logistics processes. Define the contours of your supply chain network from end-to-end – inbound from vendors to production facilities and outbound from DCs to customers.

Logistics 95

Logistics Agile and Lean Supply Chain Real-time Visibility e2e 95

Supply Chain Game Changer

SEPTEMBER 17, 2020

Why don’t you have a TMS (Transportation Management System) Solution yet? As evidenced by the most recent peak shipping season , the need for effective, high-quality logistics and warehouse management has never been higher. Warehouse Management System. The WMS connects to supplier systems and reseller POS platforms.

supply chain software solutions 105

supply chain software solutions Supply Chain Efficiency Supply chain e2e 105

Pipefy

OCTOBER 25, 2023

To do this, procurement teams require visibility into their data, control over their processes, and a seat at the business strategy table. By working with procurement, connecting disparate systems, implementing fraud controls for these specific areas, tracking end-to-end vulnerabilities across financial and operational processes is possible.

Innovation 52

Innovation Strategy e2e Supply Chain Efficiency 52

Supply Chain Game Changer

NOVEMBER 26, 2018

Check out Why don’t you have a TMS (Transportation Management System) Solution yet? Yet it is managed by one or two people, with no support, and no visibility from upper management. Aside from the cost impact the service implications of a poor Freight management system are enormous.

Strategy 68

Strategy Management Real-time Visibility e2e 68

SupplyShift

DECEMBER 6, 2021

In the wake of supply chain disruptions and global shortages, businesses are quickly recognizing the need for greater visibility over their supply network, from documenting the origin of material components to tracking shipments. 2) It will identify potential loss points and strengthen supplier relationships.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Supply chain e2e 52

SupplyShift

DECEMBER 6, 2021

In the wake of supply chain disruptions and global shortages, businesses are quickly recognizing the need for greater visibility over their supply network, from documenting the origin of material components to tracking shipments. 2) It will identify potential loss points and strengthen supplier relationships.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Supply chain e2e 52

Supply Chain Game Changer

AUGUST 3, 2021

The Coronavirus pandemic created a dramatic and highly visible disruption in that paradigm. When the pandemic winds down there is a very real danger that people will go back to doing, and viewing, things the way they were before the pandemic. Much of the training is in specific skills (eg. Supply Chain is complicated.

Supply Chain Efficiency 119

Supply Chain Efficiency Supply chain e2e Real-time Visibility 119

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

Pipefy

DECEMBER 6, 2023

No matter how much they differ, efficient and friction-free workflows typically share the following traits: they provide visibility, employees are aligned on changes and requirements, fosters accountability, and creates a positive business impact. Visibility Each step in a workflow should be visible.

Real-time Visibility 52

Real-time Visibility e2e Data Strategy 52