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Visibility is crucial for supply chains

Strategic Sourceror

For these reasons, many high-end supply chain organizations are investing their money into visibility solutions to get a better handle on their supply chains. Why is visibility so important? Reduced costs Ultimately, visibility boils down into long-term operational efficiency. Brought to you by the StrategicSourceror.

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4 smart technologies modernizing sourcing strategy

IBM Supply Chain Blog

They consider factors—like supplier performance or sustainability —that support long-term partnerships, advance business needs and increase purchasing power. For instance, one company is using a network of trusted suppliers built on IBM Blockchain® to provide product provenance for sustainably sourced shrimp.

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Financial Supply Chain —  The Ultimate Guide of 2023

Procurement Tactics

To simplify, it refers to monetary transactions between trading partners for purchasing, manufacturing, and selling goods and services. . The purpose of financial supply chain management is to achieve and maintain visibility into all of the processes. . The first component is improving network technology. Procure-to-pay cycle.

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Streamlining supply chain management: Strategies for the future

IBM Supply Chain Blog

It can take many forms, from automated warehouse systems that pick and pack orders, to blockchain-based smart contracts to software that automates purchasing and invoicing processes. A supply chain control tower can connect many sources of data-driven information and improve end-to-end visibility.

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Building a Procurement Function From Scratch

Una

Look for solutions that streamline your procurement process, improve visibility, and enhance collaboration. Your organization may already have an end-to-end ERP that includes a procurement module, and you may be expected to use that for ROI reasons. Move faster, save more, and look better doing it.

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Q3 2023 Insider roundup: A deep dive into procurement tech market movements; updated coverage of 13 vendors

Spend Matters

Expense Management Enable’s rebate management solution empowers businesses with rebate visibility, streamlined automation and ROI metrics and provides a user-friendly, customer-facing platform. By eliminating manual tasks and improving visibility, Productiv optimizes an organization’s SaaS portfolio and enhances operational efficiency.

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The Market Speaks: Procurement practitioner requirements and the tech vendor response — SAP

Spend Matters

What we do know is that supply chains often account for more than 90% of a company’s environmental footprint, and SAP can help provide visibility into the data across this value chain. This is still new territory for the profession, and not every company will have the same metrics and priorities — these will vary by industry.