Spend Matters

DECEMBER 21, 2023

In sourcing, the AI can rapidly analyze supplier options based on pricing, quality, sustainability and other factors to identify optimal partners, while also predicting performance to mitigate risk. More accurate forecasts allow for better planning, inventory management and mitigation of various supply chain risks proactively.

Procurement solutions 83

Procurement solutions Procurement e2e Real-time Visibility 83

Arkestro

DECEMBER 12, 2022

Supply Chain Visibility. Supply chain visibility is another critical issue. Visibility provides regulatory and consumer assurance in the face of issues like counterfeiting. To combat these issues, health and pharma need supply chain visibility—all the way down the supply chain. Climate change is also a massive issue.

Real-time Visibility 52

Real-time Visibility Procurement e2e Raw materials 52

Supply Chain Collaborator

MARCH 16, 2020

Coming at a time when the pandemic is depressing global consumption of oil thanks to plummeting travel plans and shelter in place orders, it seems counter intuitive that demand to move oil would be at record high volumes. By Furnishing Upstream and Downstream Visibility to More Effectively Coordinate with all Facets of the Supply Chain.

supply chain software solutions 108

supply chain software solutions Supply chain Freight Audit Real-time Visibility 108

Arkestro

JUNE 6, 2023

Ultimately, both want the same goal — ensuring business outcomes are positive, timely, and on-budget. Purchases in Time and Budget: How many purchases are on budget and on time? Procurement Cost Reduction: How are costs being reduced over time? Emergency Purchase Ratio: How many unplanned purchases are being made?

Supply Chain Efficiency 52

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

IBM Supply Chain Blog

AUGUST 2, 2023

Using real-time monitoring and visualization tools, operations teams can track the health of distributed systems and detect anomalies or failures. For instance, they can analyze how changes in response times affect conversion rates or customer satisfaction.

Real-time Visibility 60

Real-time Visibility Import e2e Product management 60

SCMDOJO

JULY 24, 2023

Depending on the specific needs of the client, the scope of contract logistics can range from managing individual aspects of the supply chain to offering full end-to-end solutions. They can be businesses or individual consumers who expect their orders to be delivered in a timely manner and in good condition.

Contract 91

Contract Logistics Supply Chain Efficiency Supply Chain Optimization 91

Supply Chain Game Changer

SEPTEMBER 7, 2021

Supply Chain Visibility Has Never Been More Important! I also started hearing anecdotally that used car prices were going through the roof. In some cases used vehicles were apparently being sold for more than the price of the equivalent new vehicle. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer.

Supply Chain Optimization 80

Supply Chain Optimization Supply chain Real-time Visibility e2e 80

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. Risk management is real. Much of the training is in specific skills (eg.

Supply Chain Efficiency 119

Supply Chain Efficiency Supply chain e2e Real-time Visibility 119

Supply Chain Game Changer

NOVEMBER 9, 2021

Is Just In Time Past Its Time? And standard operating practice in the automotive industry is just-in-time delivery dynamics. At the same time demand dropped dramatically at the beginning of the pandemic. Natural rubber supply is further impacted by market pricing, which is largely set by the Shanghai Futures Exchange.

Supply chain 93

Supply chain Raw materials Supply Real-time Visibility 93

SCMDOJO

MAY 13, 2022

A good way to understand longer end-to-end transit times which under the current scenario have increased dramatically on most of the major trade lanes is to take a closer look at where delays are more likely to happen.

Supply Chain Optimization 83

Supply Chain Optimization Supply chain Real-time Visibility e2e 83

IBM Supply Chain Blog

FEBRUARY 14, 2024

Customer-facing AI use cases Deliver superior customer service Customers can now be assisted in real time with conversational AI. The IBM team is even using generative AI to create synthetic data to build more robust and trustworthy AI models and to stand in for real-world data protected by privacy and copyright laws.

Real-time Visibility 88

Real-time Visibility Data Supply Chain Efficiency Supply Chain Optimization 88

IBM Supply Chain Blog

SEPTEMBER 27, 2021

As the price for goods – and for shipping and delivering goods – goes up, it leaves less room for discounts and sales, two traditions during past holiday seasons. Give shoppers more time during the busiest time of year, especially the procrastinators and last-minute shoppers, by extending your store hours.

Real-time Visibility 52

Real-time Visibility Supply Chain Optimization Inventory e2e 52

Empowering CPO

JULY 16, 2023

Managed procurement services can be defined as an external service that helps streamline a company’s acquisition processes, offering an end-to-end solution that takes into account all aspects of procurement – from sourcing to payment. This is where managed procurement services come into the picture.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

Pipefy

JANUARY 31, 2023

This complexity creates headaches for procurement teams and fuels an error-prone and resource-consuming approval loop that obstructs visibility into the approval process. If this step is not centralized or if it’s being manually processed, it can become very time-consuming. Below are six signs of an inefficient approval process.

Purchasing 52

Purchasing Purchase orders Real-time Visibility e2e 52

Zycus Cognitive Procurement

NOVEMBER 29, 2022

In good times, operating leverage (ratio of fixed and variable costs) can supercharge profit growth. However, in times of growth, new costs and expenses also tend to creep in, and over time, these costs harden and morph into fixed cost structures. You may provide better demand visibility to the vendor partner.

Strategy 52

Strategy Real-time Visibility Contract e2e 52

Supply Chain Game Changer

NOVEMBER 26, 2018

Yet it is managed by one or two people, with no support, and no visibility from upper management. Supply chain visibility is also incredibly important these days. You can not get this visibility without a plan. And you need suppliers who can provide visibility through electronic connectivity.

Strategy 68

Strategy Management Real-time Visibility e2e 68

Orderhive

JUNE 1, 2022

A supply chain digital twin is a detailed simulation model of the actual supply chain using real-time data and snapshots to forecast supply chain dynamics. Forecast and test operations over a period of time. Then, unique data sources are built to generate accurate, real-time data. Bridge data silos.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Supply chain Data 52

Empowering CPO

JULY 16, 2023

Managed procurement services can be defined as an external service that helps streamline a company’s acquisition processes, offering an end-to-end solution that takes into account all aspects of procurement – from sourcing to payment. This is where managed procurement services come into the picture.

Supply Chain Efficiency 40

Supply Chain Efficiency Management Procurement Supply Chain Optimization 40

Supply Chain Trend

DECEMBER 22, 2023

However, only 3% of companies apply automated execution and 7% autonomous end to end planning. Intelligent IBP effectively combines human and machine strengths with good decision practices to consistently make timely, high-quality, horizon agnostic business decisions. 2% of managers apply best practice decision methods.

Supply Chain Efficiency 78

Supply Chain Efficiency Supply Chain Optimization Quality supply chain budgeting 78

Finale Inventory

JUNE 29, 2022

Continue reading for more information about shortages and surpluses and how Finale Inventory’s scalable inventory management system can help your business thrive. There are several scenarios that can cause an inventory surplus: 1. It is important to build in time for delays when preparing to sell a product.

Inventory 52

Inventory supply chain software solutions Demand Price 52

Supply Chain Opz

NOVEMBER 30, 2015

The impact of these new regulations will be substantial and combined with low oil prices may affect how companies operate. Video and data analytics provide visibility into the details of an event within minutes, helping fleets discover new techniques that increase both safety and driver retention.

Real-time Visibility 58

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

Zycus Cognitive Procurement

JULY 27, 2021

Although, this “a-ha” moment makes for great viewing, but we know that crimes are solved based on hard facts in real life. Once upon a time in procurement, a Chief Procurement Officer (CPO) may have been able to make decisions by relying on their instinct; after all, instinct is simply the product of years of distilled experience.

Procurement 40

Procurement Real-time Visibility Chief Procurement Officer e2e 40

Supply Chain Game Changer

MARCH 28, 2020

Instead of waiting for others to realize that now is the time for Procurement professionals to make their value and contribution known. Now is the time for Procurement to SELL! Now I would never advocate selling something that isn’t real. They have an end to end view of the Supply Chain. Procurement 101.

Procurement 71

Procurement Chief Procurement Officer Supply Chain Efficiency Purchase orders 71

Supply Chain Opz

JANUARY 22, 2016

The concept of “connected logistics” covers the relevant end-to-end processes of warehouse management, transportation management, track & trace and the entire logistics network. Thus, increased real-time visibility into shipments leads to more efficient throughput of goods and reduced logistics lead times.

Supply Chain Efficiency 49

Supply Chain Efficiency supply chain software solutions Supply Chain Optimization Supply chain 49

EazyStock

SEPTEMBER 25, 2018

In today’s competitive business environment, getting the correct products to the right place at the right time via the most cost-effective manner is paramount for your business’ success. Daily Route Tracker – Driver Time Management. *This post was originally published June 2015; it was updated September 2018*.

Supply Chain Optimization 78

Supply Chain Optimization supply chain budgeting supply chain software solutions Supply Chain Efficiency 78

World of Procurement blog

MAY 8, 2024

Customers receive orders on-time without backlogs. Plan The planning phase focuses on forecasting demand to determine what products are needed, the quantities required, and timing of orders. Source Sourcing involves identifying suppliers and negotiating pricing, lead times, quality, and other terms.

Agile and Lean Supply Chain 40

Agile and Lean Supply Chain Supply chain management Supply chain management Supply Chain Optimization 40

IBM Supply Chain Blog

APRIL 4, 2024

Conversely, it has a larger scope than task management, which deals with individual tasks, and project management, which handles one-time initiatives. By establishing standardized workflows and decision rules, BPM streamlines the claims process by reducing processing times and minimizing errors.

Real-time Visibility 60

Real-time Visibility Management e2e Supply Chain Efficiency 60

Supply Chain Trend

AUGUST 13, 2020

IBP requires cross functional alignment to eliminate silos, to achieve accountability for delivering strategic, financial and operational outcomes, and to enable scenario planning that provides forward visibility into the consequences and risks of decisions (Sorensen, 2020). Automation versus Augmentation.

supply chain software solutions 147

supply chain software solutions Supply Chain Optimization supply chain budgeting Supply chain 147

Supply Chain Game Changer

APRIL 23, 2019

Instead of waiting for others to realize that now is the time for Procurement professionals to make their value and contribution known. Now is the time for Procurement to SELL! Now I would never advocate selling something that isn’t real. They have an end to end view of the Supply Chain. Procurement 101.

Procurement 50

Procurement Chief Procurement Officer Supply Chain Efficiency Purchase orders 50

Procurement Software

MAY 16, 2023

SMEs are unlikely to see an ROI on procurement software unless it’s a lower-priced software with relatively basic functionality. The software automates workflows and approvals, manages supplier catalogues, and provides real-time analytics for better decision-making. The European Union takes a very similar definition.

Procurement 96

Procurement Purchase orders Real-time Visibility Purchasing 96

Supply Chain Game Changer

NOVEMBER 10, 2018

With pricing under pressure from recession-scarred consumers, the temptation for retailers is to transfer the pain upstream to their suppliers by passing on price reductions and forcing them to bear an increasing share of costs. They may even take over the provisioning of an entire end-to-end solution.

Collaboration 66

Collaboration Supply Chain Optimization Agile and Lean Supply Chain supply chain budgeting 66

ivalua

MARCH 9, 2023

S2P is the end-to-end process that encompasses all the activities between an organization and its suppliers. By gaining visibility into spending patterns, demand, supplier performance, and supply markets–opportunities will be uncovered. Sourcing: Where Procurement often creates value first.

Sourcing 130

Sourcing Real-time Visibility e2e supply chain software solutions 130

Finale Inventory

FEBRUARY 27, 2024

Scanning a label takes a fraction of the time needed to jot down even the briefest of details – and items are immediately visible in your online system with full product details available. Cycle counting is the practice of counting a rotating subset of your inventory on a regular, frequent basis. Adopt continuous cycle counts.

Inventory 52

Inventory Management Real-time Visibility e2e 52

Supply Chain Game Changer

FEBRUARY 8, 2022

Commodity and raw material shortages of every kind have delayed the manufacturing and distribution of goods across most industries, driving up prices in the process. Once admired just-in-time systems have faltered badly. One of the fundamental problems which has contributed to the current breakdowns is the sheer lack of visibility.

Supply chain 90

Supply chain Real-time Visibility e2e Supply 90

Supply Chain Game Changer

NOVEMBER 16, 2022

Collaborating with the suppliers without any systems would mean wasting time searching through voicemails, printed documents, and email threads to locate the needed information. Management can review orders in real-time and spend time on exceptions raised by the system. Real-time data and analytics.

Supply Chain Efficiency 19

Supply Chain Efficiency Procurement Real-time Visibility Supply Chain Optimization 19

IBM Supply Chain Blog

AUGUST 2, 2023

They don’t want to fill out a form to request a quote, send an email to get pricing information, or wait to get simple answers; they want real-time answers and action. Customers who flooded Camping World’s call center were often met with long wait times or were dropped accidentally.

e2e 76

e2e Real-time Visibility Strategy Price 76

Supply Chain Action Blog

AUGUST 26, 2018

Direct the next best action within the constraints of time and cost. Consider a few retail examples: Zara leverages advanced analytics, not only to sense trends, but also to optimize pricing and operations in their vertically integrated supply chain. Diagnose the causes of the challenges, both incidental and systemic.

Supply Chain Optimization 40

Supply Chain Optimization supply chain software solutions Supply Chain Efficiency Supply chain 40