Empowering CPO

JUNE 22, 2023

Introduction Welcome to our complete guide on the role of spend analysis in strategic sourcing. In the ever-evolving world of business, strategic sourcing has become a linchpin in corporate success. But how do we fuel the engine of strategic sourcing? The answer lies in the powerful tool of spend analysis.

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Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

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. 32.00] The future for Blume. “We

Real-time Visibility 52

Real-time Visibility Agile and Lean Supply Chain Supply Chain Optimization supply chain software solutions 52

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. Bureau of Labor Statistics.

Buyers 52

Buyers Supply Chain Efficiency supply chain budgeting Procurement 52

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. . According to Jones, the most interesting examples of automation are the tasks performed by rare and inexpensive sourcing and procurement professionals.

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

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? Sustainability is created at the source of our products, services, and consumption.

Sustainability 58

Sustainability Sourcing Supply Chain Efficiency Real-time Visibility 58

IBM Supply Chain Blog

OCTOBER 16, 2023

An AI governance framework ensures the ethical, responsible and transparent use of AI and machine learning (ML). Open-source projects, academic institutions, startups and legacy tech companies all contributed to the development of foundation models. Foundation models can use language, vision and more to affect the real world.

Risk 75

Risk Management Ethics Real-time Visibility 75

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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Real-time Visibility Networking Ethics Data 109

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 That’s an inherent risk in all things GenAI.

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Procurement contracts Contract Procurement Negotiation 112

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

IBM Supply Chain Blog

MARCH 16, 2023

There is a deep disconnect between sustainability claims made by fashion brands and true product provenance that points to sustainable sourcing, fair labor and minimal waste production. These incentives will require traceability and visibility to understand whether they are being faithfully executed.

Supply Chain Efficiency 57

Supply Chain Efficiency Sustainability Raw materials Real-time Visibility 57

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.

Innovation 52

Innovation Strategy Procurement Management 52

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.

Procurement strategies 94

Procurement strategies Innovation Strategy Procurement 94

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.

Supply chain 130

Supply chain Real-time Visibility Sustainability Procurement strategies 130

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.”

Supply Chain Efficiency 52

Supply Chain Efficiency Real-time Visibility Sustainability Supply Chain Optimization 52

Empowering CPO

JULY 5, 2023

Procurement, which refers to the process of finding, acquiring, and buying goods, services, or works from an external source, often via a tendering or competitive bidding process, plays a critical role in determining a company’s efficiency and profitability. This is where managed procurement services come into the picture.

Management 52

Management Procurement Real-time Visibility Ethics 52

IBM Supply Chain Blog

NOVEMBER 3, 2022

When your sourcing team chooses what to buy and who to buy from, are you selecting vendors who share the same social values as your brand? If you haven’t been thinking about these questions, the time to start is now. Inventory positioning: Visibility across your entire network allows you to optimize the fulfillment of each order.

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Supply Chain Efficiency Sustainability Agile and Lean Supply Chain Supply Chain Optimization 115

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.

Supply Chain Efficiency 52

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

Procurement Heads

JULY 27, 2022

It is really important that those lessons, the understanding of dual sourcing, low-cost country sourcing and all of the mix of what was talked about a lot 10 years ago is re-understood and the relevant risks mitigated. . Have you got tangible evidence of what you are saying?

Buyers 130

Buyers Sustainability Procurement Real-time Visibility 130

Arkestro

AUGUST 15, 2022

Governance is concerned with all-things business ethics and compliance. Remove Friction and Barriers from Sourcing Events. Additionally, sub-tier suppliers typically don’t have as much accessibility to the sourcing organization as the primary suppliers do. Make Sure Policies and Incentives Support ESG. Take the First Step.

Strategy 52

Strategy Real-time Visibility Supply Chain Efficiency Suppliers 52

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. Delivery *.

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Real-time Visibility Procurement Purchase orders Eprocurement 44

Planergy

JULY 5, 2022

How to gain visibility and control of your indirect spend. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Ethical Sustainability & Responsibility Procurement. How to report and analyze indirect spend to identify savings opportunities. Download Free Copy. Written by.

Sustainability 52

Sustainability Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 52

SCMDOJO

APRIL 24, 2024

These technologies can examine huge portions of data from multiple sources, and recognize patterns and tendencies that would be impossible for humans to discern. Whether it will be worth it, only time will tell. An expensive one, we dare say. Blockchain and supply chain transparency We can’t complete our list without blockchains.

Supply Chain Efficiency 57

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization supply chain budgeting 57

Empowering CPO

JUNE 14, 2023

At its core, procurement is the process of finding, agreeing to terms, and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process. 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

Empowering CPO

JUNE 27, 2023

We are committed to assisting our clients in unlocking the full potential of their procurement processes, enabling them to make data-driven decisions, achieve cost savings, and drive strategic sourcing initiatives. Spend Visibility: Define the extent of spend visibility required, such as spend by category, supplier, department, or region.

Real-time Visibility 40

Real-time Visibility Supply Chain Optimization Data Suppliers 40

The Thomas Blog

JANUARY 5, 2024

Utilize various indicators like: lead score, grade, content consumption, source, and engagement level to pinpoint the specific stage your leads are currently at. This tailored approach ensures efficient use of resources and time. Timely Follow-Ups: Respond promptly to inquiries and engage while their interest is high.

Strategy 52

Strategy Buyers Real-time Visibility Data 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.

Supplier relationship management 52

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.

Supply Chain Efficiency 49

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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Supply chain Supply chain management Supply chain management Supply 41

Supply Chain Game Changer

JANUARY 8, 2020

Companies have realized that big data allows them unparalleled insight into the best ways to source raw materials and products, and the best ways to move those products to consumers – and Supply Chain Management has become a key strategic differentiator in a number of industries. It’s what we do, as a profession.

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Supply Chain Efficiency Sustainability Supply chain Raw materials 41

Supply Chain Game Changer

JANUARY 15, 2019

Thank you Bronwen for your friendship, your support of Supply Chain Game Changer, and taking the time to share your experiences and expertise with us. We’ve built a peerless network in the areas of Procurement, Logistics, Change Management, Strategic Sourcing, Planning, and other functional areas in Supply Chain.

Leadership 47

Leadership Supply Chain Efficiency Supply chain management Supply chain management 47

Supply Chain Trend

DECEMBER 22, 2023

Intelligent IBP effectively combines human and machine strengths with good decision practices to consistently make timely, high-quality, horizon agnostic business decisions. I think it is time to update the IBP belief sytem to be more reflective of current times, technology & ways of working, and create a modern IBP vision.

Supply Chain Efficiency 78

Supply Chain Efficiency Supply Chain Optimization Quality supply chain budgeting 78

ivalua

JUNE 1, 2022

Overall, their strategy must move toward data-driven decision-making to provide real-time information visibility. Although Amrest utilizes a sourcing process, the liquidity gap blocks past analyses and data. . Additionally, historical data can provide a more accurate breakdown of initial startup costs.

Real-time Visibility 130

Real-time Visibility Agile and Lean Supply Chain Supply Chain Efficiency Procurement 130

Procurement Tactics

SEPTEMBER 13, 2022

From raw materials sourcing to production, storage, and delivery, it monitors if these processes may cause harm to the environment and communities. . A sustainable supply chain is one that fully integrates ethical and environmentally responsible practices into a successful and competitive model. Machine Learning. Blockchain.

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Supply Chain Efficiency Supply Chain Optimization Sustainability Agile and Lean Supply Chain 183

Empowering CPO

MAY 4, 2023

By effectively managing the purchasing process, companies can better control their expenditures and optimize their supply chain, ensuring the availability of the right products and services at the right time. Greater transparency: Real-time tracking of procurement activities allows for better monitoring and control of the entire process.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

Empowering CPO

MAY 6, 2023

By embracing digital transformation, procurement professionals can optimize processes, access real-time data, and collaborate more effectively with stakeholders, enabling them to drive value and innovation for their organizations. Sustainability and Ethical Sourcing A.

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Supply Chain Efficiency Procurement Procurement team Supply Chain Optimization 52

Pipefy

AUGUST 10, 2023

In contrast, process intelligence automatically and continuously acquires data at scale, resulting in clear visibility into an organization’s journey towards improving its processes. These tools may work with both historical and real-time data. Reading recommendation: What Is Workflow Management?

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Real-time Visibility e2e Data Risk 52

Empowering CPO

JUNE 27, 2023

Real-world success stories and case studies illustrating the significant impact of spend analysis on achieving tangible cost savings and procurement optimization. By ensuring compliance, businesses protect their reputation, avoid legal consequences, and maintain ethical procurement practices.

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Procurement Supply Chain Optimization Real-time Visibility Procurement strategies 52