The Good Spending

SEPTEMBER 2, 2023

Integrated solution as a guarantee of competitive advantage A significant difference in IT procurement is associated with a change in the paradigm of competitive advantage in the conditions of Industry 4.0. Growing competition has increased customer expectations for meeting their needs thanks to high-tech and knowledge-intensive solutions. To do this, suppliers have begun to combine products and services into integrated solutions that provide a higher total value than the sum of the values of th

Sourcing 59

Sourcing Procurement Category management Demand Planning 59

Procurement Insights

SEPTEMBER 2, 2023

“But many purchasing managers’ skills and outlooks were formed 20 years ago in an era of relative stability, and they haven’t changed. Now, however, no company can allow purchasing to lag behind other departments in acknowledging and adjusting to worldwide environmental and economic changes. Such an attitude is not only obsolete but also costly.” In what way does procurement have to change or evolve?

Procurement 53

Procurement Purchasing Management Supply chain 53

Finale Inventory

SEPTEMBER 2, 2023

This partner post is brought to you by A2X. Running a multichannel business is a tough gig. In addition to dealing with everything that comes with selling via a traditional brick-and-mortar store, you must also navigate the ins and outs of ecommerce channels, including websites and marketplaces. With so many moving parts, it’s understandable to take a ‘close enough is good enough’ approach just to ensure everything gets done.

Real-time Visibility 52

Real-time Visibility Inventory Risk Buyers 52

Procurement Insights

SEPTEMBER 2, 2023

In 1998, when I leveraged advanced algorithms to procure MRO products for the DND IT infrastructure, I learned something early: Algorithms are an extension of human experience and expertise multiplied. For example – and this is the crucial difference between using an agent-based versus equation-based model, I knew only by experience that the time of day an order was placed for a part significantly impacted cost and SLA performance.

Procurement 40

Procurement Buyers Contract Price 40

Advertiser: GEP

“What should we do about the tariffs?” There’s no straightforward answer — every leader has a different expectation. CFOs want numbers. COOs want action. CEOs want strategy. And supply chain and procurement leaders need to be ready with the right response — fast. That’s why GEP has created a simple three-part framework that will help CPOs and CSCOs brief the board and C-suite with clarity and confidence.

Supply chain