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Since risk is a reality in business, and ‘certainty’ is an extremely expensive proposition, an enterprise’s appetite for risk has always been measured on a sliding scale.
The procure to pay cycle is made up of a series of processes and procedures all related to the procurement, and payment for goods and services. Companies and organizations of all sizes use procurement teams to secure the goods and services needed to build goods or provide services to the end-customer. As with any department […]. The post Avoiding Procure to Pay Cycle Pitfalls appeared first on ProcurePort Blog.
“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.
The procurement process is all about creating reliable, resilient, and sturdy supply chains, while improving time, efficiency, and savings. This combination of goals is achieved through various procedures and processes that can be standardized, customized, and fulfilled all through procurement software. With the help of knowledgeable employees empowered to use it of course.
Covid-19 amplifies the need for SRPM solutions to better manage suppliers. London, UK – July 28, 2020 – Ivalua, a global leader in cloud Spend Management solutions, today announced that it has been recognized as a Leader by Forrester Research Inc. in “The Forrester Wave : Supplier Risk And Performance Management (SRPM) Platforms, Q3 2020.
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Purchasing & Procurement Zone brings together the best content for professionals in the purchasing and procurement field from the widest variety of thought leaders.
Covid-19 amplifies the need for SRPM solutions to better manage suppliers. London, UK – July 28, 2020 – Ivalua, a global leader in cloud Spend Management solutions, today announced that it has been recognized as a Leader by Forrester Research Inc. in “The Forrester Wave : Supplier Risk And Performance Management (SRPM) Platforms, Q3 2020.
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Defining the New Normal in Supply Chain! What’s Normal Anyways? The Coronavirus pandemic has resulted in lockdowns of enormous portions of the global population and its businesses. The unprecedented disruption in these Supply Chains and the economy, along with panic buying (eg. toilet paper ) and extraordinary demand for PPE (Personal Protect Equipment) has brought the subject of a Parallel Supply Chain to the forefront
Every year, more than 250,000 public authorities in the European Union spend around 14% of GDP (around €2 trillion per year) on the purchase of services, works and supplies. Their peers in the United States are also responsible for about $2 trillion in spend. Could the money be better spent? Absolutely. How? Now that’s a much more difficult question.
Selling across borders means you can reach new customers in bigger and faster-growing markets. Yet businesses can become intimidated by the operational complexities of selling internationally, especially when it comes to delivery and returns.
Speaker: Andrew Skoog, Founder of MachinistX & President of Hexis Representatives
Manufacturing is evolving, and the right technology can empower—not replace—your workforce. Smart automation and AI-driven software are revolutionizing decision-making, optimizing processes, and improving efficiency. But how do you implement these tools with confidence and ensure they complement human expertise rather than override it? Join industry expert Andrew Skoog as he explores how manufacturers can leverage automation to enhance operations, streamline workflows, and make smarter, data-dri
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Featuring Our 10 Best Inventory Management Articles! Inventory Shrinkage article and permission to publish here provided by Jake Rheude at redstagfulfillment.com. There are many terms for inventory shrinkage: warehouse shrinkage, product shrinkage, loss of product. They all amount to the same thing — your merchandise is missing from the warehouse shelves.
Keri Potter, Director of Supply Chain and Logistics at Central States Industrial (CSI) , knows what her company needs to stay competitive. By selecting EazyStock, she takes care of the inventory for both CSI’s manufacturing and distribution operations. That’s why she’s EazyStock’s Automation Hero for July! . Name: Keri Potter. Title: Director of Supply Chain and Logistics.
Much attention has been paid to the ability of individual companies and their supply chains to withstand disruptive events. But what makes an entire country resilient?
Retailers know the clock is ticking–legacy SAP Commerce support ends in 2026. Legacy platforms are becoming a liability burdened by complexity, rigidity, and mounting operational costs. But modernization isn’t just about swapping out systems, it’s about preparing for a future shaped by real-time interactions, AI powered buying assistants, and flexible commerce architecture.
Cryptocurrencies Beyond Bitcoin! You can’t really rank crypto exchanges unless you’re ranking by very specific metrics. Some clearly win in terms of transaction volume. Others accept more currencies, others make more trades, while others have a more user-friendly interface. It comes down to what you value more in a crypto exchange and what makes that one a better fit for you.
Expenses for items such as individual company mobile phone usage, printing and copaying is typically billed centrally against a centrally negotiated contract. The costs incurred, however, are often both a mystery and black hole of unaudited, unchecked invoices. They needn't be. All organisations can access individual employee expense data if they so wish.
Bath, UK (Jul 30, 2020) – Claritum, a provider of cloud-based spend management solutions, today announced the company hosted its first vertical sector Webinar, focused on Universities. The webinar entitled “Intelligent Procurement for Universities” was a joint webinar with Data 3. On the webinar, we shared our perspective on the daily adversities that Universities face, whilst managing annual cutbacks on funding.
AI adoption is reshaping sales and marketing. But is it delivering real results? We surveyed 1,000+ GTM professionals to find out. The data is clear: AI users report 47% higher productivity and an average of 12 hours saved per week. But leaders say mainstream AI tools still fall short on accuracy and business impact. Download the full report today to see how AI is being used — and where go-to-market professionals think there are gaps and opportunities.
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Strategic Supplier Relationship Management – Do’s and Don’ts. Vendor Management Challenges article and permission to publish here provided by Aggy Zawadzka at straightnorth.com. Executives and managers already understand how vital it is to manage employees. However, for those who work in the supply chain industry, there is the added difficulty of vendor management.
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