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How to build a successful procurement strategy

IBM Supply Chain Blog

Procure-to-pay (P2P) software links procurement practices to accounts payable and can streamline steps such as supply management, purchase orders and invoicing. Additional procurement software includes spend analytics tools and supplier relationship management (SRM) software.

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Transparency is the first step to securing global supply chains

SupplyShift

The abrupt shift in shopping patterns and demand for certain consumer goods and medical supplies compounded the problem and revealed the risk of maintaining small inventories through just-in-time sourcing. Of those, 44 percent did not yet have a plan for dealing with the disruption.

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Transparency is the first step to securing global supply chains

SupplyShift

The abrupt shift in shopping patterns and demand for certain consumer goods and medical supplies compounded the problem and revealed the risk of maintaining small inventories through just-in-time sourcing. Of those, 44 percent did not yet have a plan for dealing with the disruption.

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There Are Not Enough Women Supply Chain Leaders!

Supply Chain Game Changer

Supply Chain is no longer a back-office, transactional function. A survey of millennial Supply Chain employees conducted in 2017 found that 39% were women, which is lower than overall female representation in the work force, but up from the 24% rate reported in a similar 2014 survey. What’s more?

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Hey Procurement! It’s Time to SELL!

Supply Chain Game Changer

They have an end to end view of the Supply Chain. Strategic Procurement is focussed on how to drive innovation and unique capabilities to meet end Customer and stakeholder needs and requirements. A Strategic Procurement organization does everything stated above and much more.

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Hey Procurement! It’s Time to SELL!

Supply Chain Game Changer

They have an end to end view of the Supply Chain. Strategic Procurement is focussed on how to drive innovation and unique capabilities to meet end Customer and stakeholder needs and requirements. A Strategic Procurement organization does everything stated above and much more.

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Shortage vs. Surplus: Causes and Definitions

Finale Inventory

Causes like supply management, marketing strategies and planning are all things businesses should focus on to prevent surpluses and shortages as much as they can. Continue reading for more information about shortages and surpluses and how Finale Inventory’s scalable inventory management system can help your business thrive.