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Action Steps: Automate Processes: Implement cutting-edge procurement software to automate routine tasks, reducing manual errors and boosting efficiency. Implement and train team members on new procurement software by the end of Q3. Improved team proficiency with procurement software accelerates department-wide process efficiency.
Sourcing Innovation Launch Date: June 2006 Overview: Authored by Michael Lamoureux, a Computer Science PhD, Sourcing Innovation focuses on procurement technology, strategic sourcing, and supplychain management. AI, e-sourcing), spend analytics, and best practices. SM Commodities Index with IHS Markit).
Tools such as supplychain visualisation software can support this process, offering more control and less guesswork. Invest in Local and Nearshore Options Relying solely on globalsourcing may reduce unit costs but often introduces significant risk. Visibility across internal workflows matters, too.
The most notable competitors include: Direct Competitors in Third-Party Risk, Compliance, and Lifecycle Management Competitor Core Focus/Strengths Exiger AI-powered platform for third-party and supplychain risk management, entity monitoring, and compliance automation. Summary Table: Certa.ai vs. Main Competitors Certa.ai
In recent years, the auto-id technology such as bar code and RFID together with the electronic data transmission are considered the holy grail of supplychain visibility. Even though sophisticated visibility software is implemented, there are the ways that allow us to see the situations with better clarity. The answer is NO.
When I began my career there was no such thing as “SupplyChain Management” SupplyChain was not a title to be found anywhere on any organization chart. So what exactly is the definition of “SupplyChain Management”? Interestingly there are many views on how to define SupplyChain.
In this age of supplychain disruptions that hold the power to upend entire industries, strength and resilience across the entire value chain is no longer a nice-to-have—it’s a survival tactic. They also factor in how a strong partnership could reduce supplychain risk and advance sustainability.
In recent years, the auto-id technology such as bar code and RFID together with the electronic data transmission are considered the holy grail of supplychain visibility. Even though sophisticated visibility software is implemented, there are the ways that allow us to see the situations with better clarity. The answer is NO.
Niul Burton wrote a great article in Industry Week titled “Procurement 2025: 10 Challenges that Will Transform GlobalSourcing”. For those of you who are executives in SupplyChain, Procurement or New Product Introduction/Development, this is a must read. Globalization. Integration. Today this rarely exists.
However, you could also face many challenges when globallysourcing across geopolitical boundaries. Your business could struggle to achieve visibility of its globalsupplychain. Fortunately, technology is revolutionising the way organisations can process and track every stage of their globalsourcing operation.
Subscribe to SupplyChain Game Changer. On top of that we have all other forms of economic growth, the expansion of outsourcing and globalsourcing, all of which drive ever increasing demand on the over the road transportation of goods. Subscribe Here! Email Address.
Eastern Europe : Countries like Poland and Ukraine are increasingly being recognized for their technical skills and cost-effective services, particularly in IT and software development. Source: Offshore Outsourcing: Industry Trends in 2023 ) Nearshoring vs Offshoring: Which is Right for You? The post Nearshoring or Offshoring?
Today, as many as half of all companies—and 70% of top-performing companies— use software developed internally to differentiate themselves in crowded markets. As more businesses become software businesses, a long-term development strategy that prioritizes continuous feedback and core organizational value is key to success.
If you want to search the whole range of procurement tech companies out there beyond just startups, then check our our free software directory. Key Data: Founder / CEO: Dr. Elena Mechik Date Founded: 2019 Visit Inhubber profile in our Software Finder 2. Anyone at Series A onwards, we would typically label as a Scaleup.
To my mind, your challenges depend on where you are in transformational change within your organisation, the scope of your function within Procurement and the nature of the organisation’s supplychain. For example, is your focus on strategic long-term supply relationships to support your manufactured product? Resourcing.
Tom Walsh, Associate Director, GlobalSource-to-Pay Excellence Lead, Astellas Pharma US, Inc. Our Global Procurement organization has enjoyed great success in large part due to Jonathan O’Brien’s category management principles and processes. Truth is: “Long Live” Category Management.
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