ivalua

DECEMBER 14, 2020

The pandemic wreaked havoc on businesses and their supply chains, but even in these trying times, there’s a silver lining. The job of sourcing professionals is to understand the risk in the supply chain and manage it so they can react quickly when a problem occurs.” But cost reduction is no longer sufficient.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain software solutions supply chain budgeting Procurement 130

World of Procurement blog

APRIL 23, 2024

The procurement of materials is a vital process in supply chain management, involving the timely acquisition of high-quality goods and services at the most economical prices from reliable suppliers. Inventory Control and Management : Properly managing the received materials to ensure they are used efficiently and effectively.

Procurement 52

Procurement Inventory control supply chain budgeting Real-time Visibility 52

World of Procurement blog

APRIL 23, 2024

The procurement of materials is a vital process in supply chain management, involving the timely acquisition of high-quality goods and services at the most economical prices from reliable suppliers. Inventory Control and Management : Properly managing the received materials to ensure they are used efficiently and effectively.

Procurement 52

Procurement Inventory control supply chain budgeting Real-time Visibility 52

World of Procurement blog

MAY 8, 2024

It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations. Procurement is strategically important because it: Drives significant cost savings through economies of scale, supplier negotiations, and process efficiencies.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

World of Procurement blog

APRIL 23, 2024

By adopting best practices, companies can reduce costs, improve quality, and enhance supplier relationships. Leverage Technology and Automation Adopting procurement software and technologies can significantly streamline processes, from e-sourcing to electronic payment systems.

Cost of ownership 52

Cost of ownership Supply Chain Efficiency Procurement Strategic sourcing 52

World of Procurement blog

APRIL 23, 2024

By adopting best practices, companies can reduce costs, improve quality, and enhance supplier relationships. Leverage Technology and Automation Adopting procurement software and technologies can significantly streamline processes, from e-sourcing to electronic payment systems.

Cost of ownership 52

Cost of ownership Supply Chain Efficiency Procurement Strategic sourcing 52

Arkestro

MARCH 27, 2024

After years of focusing on cost reduction, the majority of procurement leaders say they plan to spend more and increase workloads in 2024, meaning procurement buyers will have more power to influence change and optimize spend across the entire supply chain. But what does a procurement buyer do, exactly?

Buyers 52

Buyers Supply Chain Efficiency supply chain budgeting Procurement 52

World of Procurement blog

MAY 10, 2024

Predicting future spend : By analyzing historical spend data, AI algorithms can create spending forecasts, predict seasonal demand changes, and model the impact of external factors on budgets. Enhancing contract management : Natural language processing enables AI to extract key data from contracts. This enables more accurate planning.

Procurement team 52

Procurement team Procurement Real-time Visibility Supply Chain Efficiency 52

Procurement Tactics

JANUARY 8, 2023

It can also help drive sustainability initiatives in your supply chain and procurement process. . The Closed Loop Spend Management. You may ask yourself, why is closed loop spend management being brought up? Allocate budgets that reflect potential social and environmental impacts and levers.

Sustainability 207

Sustainability Procurement Agile and Lean Supply Chain Supply Chain Optimization 207

IBM Supply Chain Blog

DECEMBER 20, 2023

Depending on the organization’s goals, the AI strategy might outline the steps to effectively use AI to extract deeper insights from data, enhance efficiency, build a better supply chain or ecosystem and/or improve talent and customer experiences. Establish a data governance framework to manage data effectively.

Strategy 78

Strategy Ethics Supply Chain Efficiency Supply Chain Optimization 78

Procurement Tactics

JULY 13, 2022

The global pandemic and the ongoing war between Russia and Ukraine have disrupted the supply chain. This will allow you to give importance to these functions that will keep your supply chain sustainable. Many processes in procurement are done using procurement software. Procurement Today. Utilizing technology.

Procurement 130

Procurement supply chain budgeting Negotiation Contract 130

World of Procurement blog

MAY 8, 2024

What is Supply Chain Management (SCM) Supply Chain Management (SCM) is the management of the flow of goods, services, information and finances as they move from raw materials to final product, from manufacturer to consumer. The ultimate goal of SCM is to reduce costs while satisfying customer demands.

Agile and Lean Supply Chain 40

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

SCMDOJO

JULY 3, 2023

Choose between a broad overview of procurement and a focused course that focuses on certain topics like strategic sourcing, contract management, or supplier relationship management. This course is taught by Maryna Trepova, who is a procurement expert who provides consulting training, especially in procurement management courses.

Cost of ownership 79

Cost of ownership Procurement Category management supply chain software solutions 79

Spend Matters

MARCH 11, 2024

Tech newcomers to PSI and Spend Matters FISCAL We met David Griffiths, CEO of FISCAL , a P2P risk management solution offering fraud forensics and SaaS risk software. A questionnaire is one method to capture priorities that can be boiled down to Risk/Security, Ethics, EDI, Community and Carbon.

Procurement strategies 93

Procurement strategies Innovation Strategy Procurement 93

Planergy

SEPTEMBER 8, 2022

How better management in AP can give you better flexibility for cash flow management. Supplier Performance Management: How and What To Measure. Best Practices & Tips Supplier Performance Supplier Relationship Management. What Is Supplier Performance Management? Why Is Supplier Performance Management Important?

Suppliers 52

Suppliers Management Supplier relationship management supply chain budgeting 52

Planergy

JANUARY 12, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Best Practices & Tips Business Process Management (BPM) Supplier Relationship Management. As a procurement professional, you know how important it is to have a reliable and cost-effective supply chain.

Suppliers 52

Suppliers Supply Chain Efficiency Raw materials supply chain budgeting 52

Barkers Procurement

FEBRUARY 25, 2024

In parallel, it will also look at its expenditure meaning it is frequently the case that the Procurement function will be asked to commit incremental cost reduction to that which has already been budgeted, without the luxury of knowing its method of delivery. Good ethics are attractive to suppliers and to customers.

Procurement 52

Procurement supply chain software solutions Contract Agile and Lean Supply Chain 52

Empowering CPO

MAY 11, 2023

By integrating sustainability into procurement decisions, organizations can reduce waste, conserve resources, support ethical labor practices, and promote local economies. Sustainable procurement practices can encourage ethical behaviors and foster a more equitable global trade system.

Sustainability 52

Sustainability Procurement Supply Chain Efficiency Raw materials 52

Una

JANUARY 8, 2024

We’re seeing the tactical, day-to-day aspects of procurement increasingly automated as artificial intelligence gets smarter, meaning an old-school purchasing manager risks obsolescence. You snag a bunch of budget-friendly printers without considering the long game. By being the ethical compass. Financial Value Show me the money!

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Agile and Lean Supply Chain Purchasing 52

IBM Supply Chain Blog

APRIL 18, 2024

Regardless, given the wide range of predictions for AGI’s arrival, anywhere from 2030 to 2050 and beyond, it’s crucial to manage expectations and begin by using the value of current AI applications. On a smaller scale, some organizations are reallocating gen AI budgets towards headcount savings, particularly in customer service.

Data 94

Data Supply Chain Efficiency supply chain budgeting Supply Chain Optimization 94

SCMDOJO

APRIL 26, 2023

Category management is a procurement strategy that involves grouping similar products or services together into categories and managing them as a single unit. In this guide, we’ll explore the key principles of category management and how it can benefit your organization. Read More: What Does a Procurement Manager Do?

Category management 77

Category management Management Supplier relationship management supply chain software solutions 77

Empowering CPO

JUNE 26, 2023

These actions lead to improved negotiation power, reduced costs, and enhanced overall procurement efficiency. Stronger supplier relationships lead to better pricing, improved service levels, and a more reliable supply chain. Conclusion Data-driven decision-making is revolutionizing the way procurement is conducted.

Real-time Visibility 40

Real-time Visibility Supply Chain Efficiency Supply Chain Optimization Collaboration 40

HICX

AUGUST 17, 2023

Table of Contents What is Supplier Performance Management? What are the benefits of Supplier Performance Management? What is Supplier Performance Management? Supplier Performance Management is an organized framework that evaluates, tracks and optimizes suppliers’ performance.

Suppliers 52

Suppliers Management Supply Chain Efficiency supply chain budgeting 52

Empowering CPO

MAY 4, 2023

Importance of procurement in modern businesses In today’s fast-paced and competitive business landscape, procurement plays a crucial role in driving efficiency, cost savings, and overall success. e-Procurement platforms: Comprehensive solutions that automate the entire procurement process, from requisition to payment.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

Supply Chain Game Changer

JUNE 2, 2020

Subscribe to Supply Chain Game Changer. At Supply Chain Game Changer we believe in sharing experiences and expertise from people in every industry and from across the globe. As such we have introduced our “ Seasoned Leadership in Action ™” Interview series at Supply Chain Game Changer.

Leadership 61

Leadership Strategy Supply Chain Efficiency supply chain software solutions 61

Empowering CPO

JUNE 25, 2023

Whether it’s raw materials for manufacturing, software for operations, or services for customer support, procurement is the bridge that connects businesses to the resources they need to function and grow. These systems streamlined the procurement process, improving efficiency and reducing costs.

Procurement 52

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

Procurement Software

MAY 23, 2023

If we’re to deliver the increasingly challenging expectations of managing the supply base, we need to have executive level sponsors and world class management of our strategic suppliers. Very few CEOs come from Procurement or Supply Chain. Taking a category management approach leaves cash on the table.

Procurement 52

Procurement supply chain budgeting Agile and Lean Supply Chain Suppliers 52

IBM Supply Chain Blog

MAY 10, 2023

Empowering the desire for efficiency with the spirit of innovation and employing the technology to help organizations maximize their potential—all while applying AI ethics , which is a field of methods and practices that determines how we create and use AI and AI systems.

Innovation 85

Innovation Collaboration Ethics Sourcing 85

IBM Supply Chain Blog

SEPTEMBER 27, 2023

Being able to inspect code and having visibility into algorithms allows an enterprise more trust, assists regarding audits and helps ensure ethical and legal compliance. Additionally, efficiently optimizing an open source LLM can reduce latency and increase performance. MPT-7B matches the performance of LlaMA.

Sourcing 99

Sourcing Risk Data Innovation 99

Slimstock

MARCH 26, 2019

As international supply chain executive Sara Ireton indicates in Industry Week , it’s important to recognize “the success of one partner helps the success of the other.” Technology solutions like enterprise resource planning software can provide greater visibility into myriad areas of your business critical to meeting customer needs.

Procurement 66

Procurement Chief Procurement Officer Supply Chain Optimization Inventory 66