Let's Talk Supply Chain

MARCH 26, 2023

Today I’m joined by Blume Global , a market-leading, sustainability-focused software brand that is removing a huge $1 trillion of waste from the global supply chain, and making logistics processes more agile, dependable, and sustainable with innovative execution and visibility solutions.

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Procurement Tactics

DECEMBER 21, 2022

After taking the time to read this article, you will have a deeper understanding of what supply chain collaboration is all about. Thus, allowing you to know if your decision is right when the time comes you are going to collaborate in the supply chain. . Enhanced ethical standards. Defining Supply Chain Collaboration.

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IBM Supply Chain Blog

FEBRUARY 13, 2024

The following are examples of strategic sourcing use cases: Transparency and traceability From fast fashion to fluorite, consumers and stakeholders are keyed into product provenance—expecting brands to uphold ethical, responsible sourcing practices. And from that group, 71% would pay a premium for it.

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IBM Supply Chain Blog

OCTOBER 16, 2023

An AI governance framework ensures the ethical, responsible and transparent use of AI and machine learning (ML). Foundation models can use language, vision and more to affect the real world. In addition to natural language, models are trained on various modalities, such as code, time-series, tabular, geospatial and IT events data.

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Risk Management Ethics Real-time Visibility 75

Arkestro

MARCH 27, 2024

Regardless of industry, procurement buyers fulfill their role by finding the best suppliers, negotiating contracts, and identifying the most cost-effective, timely procurement of goods. The best procurement buyers have a solid understanding of market trends, supplier performance, and ethical sourcing. You can unsubscribe at any time.

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IBM Supply Chain Blog

AUGUST 16, 2023

Fortunately, if your organization engages a red team, an ethical hacker could also be your best friend. Every bit as skilled as real threat actors, red teams probe an attack surface for ways to gain access, get a foothold, move laterally and exfiltrate data. This is the real value of red team assessments.

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SCMDOJO

JUNE 6, 2023

Data analytics plays a central role in inventory optimization. It provides real-time visibility into stock levels, lead times, and demand patterns. Businesses can make precise forecast demand, identify obsolete inventory, and can use data analytics to make smart decisions about stock allocation and replenishment.

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Empowering CPO

JULY 3, 2023

These methods often involve manual, time-consuming processes, a lack of transparency in supplier relationships, and difficulty in managing and analyzing large volumes of procurement data. This not only saves time and resources but also allows our clients to focus on their core business activities.

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IBM Supply Chain Blog

SEPTEMBER 1, 2023

Another common social engineering scam is domain name spoofing (also called DNS spoofing), in which cybercriminals use a fake website or domain name that impersonates a real one—e.g., ‘applesupport.com’ for support.apple.com—to trick people into entering sensitive information.

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Empowering CPO

FEBRUARY 11, 2024

Procurement market intelligence is a key pillar of it, providing organizations with real-time information on supplier capabilities, emerging trends, and potential risks. Continuous Improvement: A Key Tenet of Strategic Sourcing It is not a one-time endeavor but an ongoing process of refinement and optimization.

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Una

APRIL 27, 2023

In some cases, the entire purchase may need to be re-evaluated or renegotiated, leading to wasted time and resources. Without procurement expertise, a purchase may not be compliant with regulations or company policies, risking legal, ethical, or reputational issues. Then there’s the compliance angle.

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Empowering CPO

JUNE 26, 2023

From data-driven decision making to real-time spend visibility, predictive analytics, supplier collaboration, intelligent automation, and data security, we will explore each trend in depth, shedding light on their significance and potential impact on businesses.

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ivalua

MAY 6, 2021

These include faster co-innovation with suppliers, working with sustainable and ethical suppliers and empowering employees — all of which will lead to increased business agility. . Smart software shifts from drilling down on existing data to alerting up, so managers can respond to events or trends in real time. .

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

Spend Matters

MARCH 25, 2024

Having led multiple projects to select and deploy technologies and worked both as a practitioner and a consultant, he knows the amount of time and effort procurement puts into finding a practical solution to help them run more efficiently, and that spurred his move to form iKinetiq. “A

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The Network Effect

DECEMBER 4, 2015

Best Buy – The one-time poster child victim of show rooming, has fought back admirably with sound omnichannel strategies and tactics embracing today’s retail realities. Nordstrom – Bringing their customer service ethic to omnichannel innovations in differentiating customer service strategies and tactics.

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Spend Matters

MARCH 11, 2024

For our readers who couldn’t/didn’t attend, here are our own reflections based on the time we had ( if we missed you, apologies, but do reach out to us here to get your procurement tech solution in front of our analysts ). So cleansing of SMFs is vital, even though it takes time.

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Procurement strategies Innovation Strategy Procurement 93

Procurement Heads

AUGUST 2, 2023

Additionally, it felt like the right time for a new challenge, as I had spent nearly 24 years with my previous employer. Increase in cyber-attacks hindering our supply chain which is a current real threat. I made the transition after having an in-depth conversation with John Murphy and other Executives of the company.

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Supply chain Real-time Visibility Sustainability Procurement strategies 130

Supply Chain Game Changer

JANUARY 22, 2020

Devices that are part of the IoT help manufacturers track all their necessary parts globally, in real time. This helps them better manage product levels in their inventory and optimize it for better efficiency in all their locations. They can also share with their customers up-to-date shipping times and delays.

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IBM Supply Chain Blog

MARCH 16, 2023

Furthermore, even a simple garment like a t-shirt can change hands multiple times, with raw materials coming from one supplier and other parts of the process like spinning, knitting and sewing each happening elsewhere. These incentives will require traceability and visibility to understand whether they are being faithfully executed.

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Empowering CPO

MAY 5, 2023

It is responsible for managing the entire process of acquiring goods and services, from identifying suppliers to ensuring timely deliveries. Traditional Procurement Methods Historically, procurement has been a manual and time-consuming process, relying heavily on paperwork, phone calls, and face-to-face meetings.

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IBM Supply Chain Blog

MARCH 13, 2023

A 2022 study by IBM’s Institute for Business Value found that the majority of CEOs surveyed were under intense pressure from investors to improve transparency around sustainability factors such as emissions, resource use, fair labor and ethical sourcing. “Look at how you can extend, enhance or augment your ERP.”

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IBM Supply Chain Blog

NOVEMBER 3, 2022

If you haven’t been thinking about these questions, the time to start is now. Here are some reasons why sustainability is a differentiator that can increase revenue and profits: Differentiate your brand: Over the last 12 months , certain brand values have become more important when deciding to shop sustainably or ethically in some categories.

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Claritum

MAY 2, 2019

If your procurement team is spending over half their time on transactional activity, what opportunities are they missing? Perhaps, opportunities to drive profitability within your organisation; develop environmental or ethical initiatives; or engage with suppliers to develop stronger business relationships? 1 Introduction. Governance.

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Empowering CPO

JULY 5, 2023

However, procurement can also be complex, time-consuming, and fraught with challenges. The application of advanced technology can make procurement processes faster, more efficient, and more transparent, providing real-time visibility into spending and supplier performance.

Management 52

Management Procurement Real-time Visibility Ethics 52

Procurement Heads

JULY 27, 2022

Many buyers who have started their careers in the last 15 years haven’t been exposed to some of the real challenges where the cost of what you buy can rise by 5-10% every year. I think procurement has had a lot of fantastic visibility and opportunity to demonstrate its value in the last few years.

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The Thomas Blog

JANUARY 5, 2024

This tailored approach ensures efficient use of resources and time. Timely Follow-Ups: Respond promptly to inquiries and engage while their interest is high. Timely follow-ups significantly increase the chances of successfully transitioning a lead into a prospect. The real magic comes in when these two teams work together.

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Let's Talk Supply Chain

NOVEMBER 22, 2022

Let’s Talk Supply Chain gives women leaders in supply chain a platform to share what drives them and how they are actively empowering real progress in their communities and organizations. My mum expected us to work before and after school, instilling a strong work ethic in both of us from a very young age. I grew up in rural Zimbabwe.

Agile and Lean Supply Chain 52

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

Empowering CPO

JUNE 14, 2023

It is a strategic process that involves identifying business needs, sourcing suppliers, negotiating contracts, managing supplier relationships, and ensuring the timely delivery of high-quality products or services. These models are often accompanied by practices such as annual rate contracts, bulk buying, and just-in-time purchasing.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

SCMDOJO

APRIL 24, 2024

Whether it will be worth it, only time will tell. The amplified visibility lets companies verify the authenticity and provenance of products, reduces the risk of counterfeiting, and helps ensure regulatory compliance. An expensive one, we dare say. Blockchain and supply chain transparency We can’t complete our list without blockchains.

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Empowering CPO

JUNE 22, 2023

Data Analysis: Once the data has been collected, cleaned, and classified, it’s time to analyze it. Clients report significant cost savings, improved procurement efficiency, and enhanced visibility into their spend data. Good classification allows for easier analysis and better insights.

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Planergy

JULY 5, 2022

How to gain visibility and control of your indirect spend. Ethical Sustainability & Responsibility Procurement. Getting Started with Environmental, Social and Governance Practices ESG leadership begins with the top but it can’t stay there if you want to make a real impact. Cristian Maradiaga. King Ocean. Written by.

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Empowering CPO

JUNE 27, 2023

Here are some common hurdles faced by organizations: Lack of Visibility: Without a robust spend analysis solution, organizations often struggle to gain comprehensive visibility into their spending patterns. Spend Visibility: Define the extent of spend visibility required, such as spend by category, supplier, department, or region.

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Supply Chain Game Changer

JULY 3, 2019

But, as stakeholders in the future of tomorrow, we also have to be conscious about the necessary steps to realize sustainable impact, for real. So, what are the steps that need to be taken in businesses globally to make real sustainable impact? Businesses must serve as the champions of sustainability. Source: Purina.

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Arkestro

AUGUST 15, 2022

Governance is concerned with all-things business ethics and compliance. Unfortunately, it also means that organizations don’t get adequate visibility into sub-tier suppliers. They need to provide access to and visibility into all supplier tiers and support fluid engagement and incremental relationship-building between all parties.

Strategy 52

Strategy Real-time Visibility Supply Chain Efficiency Suppliers 52

Empowering CPO

MAY 31, 2023

Real-life Examples of Successful Supplier Collaborations: ASML, a lithography-equipment manufacturer, operates a value-sharing mechanism with its suppliers. Building a solid foundation for collaboration doesn’t happen overnight—it requires time, effort, and a genuine commitment to partnership.

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Supplier relationship management Collaboration Suppliers Supply Chain Efficiency 52

Supply Chain Opz

JANUARY 22, 2016

Thus, increased real-time visibility into shipments leads to more efficient throughput of goods and reduced logistics lead times. That would shorten hauling times, automate routes and scheduling, and make deliveries much more predictable. Connected devices can also support the warehouse worker (i.e.

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

Supply Chain Game Changer

NOVEMBER 24, 2018

In fact, millennials will make up more than 75 percent of the workforce by 2025, so it is time for supply chain executives and leaders to enact the changes necessary to guarantee success in both the current and future supply chain. Make your career path visible. Listen to and apply employee input in supply chain management.

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