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. Value-add : Procurement aims to add value by optimizing processes, consolidating spend, and building supplier relationships. What is Procurement?

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Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Procurement Tactics

JUNE 19, 2023

In this article, we will explore the role of AI in logistics, discuss its importance, and the best practices for implementing AI in logistics. With the increasing demand for faster and streamlined transportation of goods, companies are leveraging AI to automate processes and optimize their operations. What is AI?

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Logistics supply chain budgeting supply chain software solutions Real-time Visibility 193

Empowering CPO

JUNE 30, 2023

Introduction In the dynamic world of business, the ability to effectively manage and optimize supply chains has emerged as a critical success factor. The aim is not only to streamline operations but also to extract maximum value from every link in the supply chain. But what exactly does it entail?

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

ivalua

JUNE 29, 2020

I have some real context of this, living in NYC and having a family member that works at a hospital. While it is a difficult time, you have to also applaud the heroic efforts of this industry as a whole. We believe that a key pillar of this transformation is the supply chain. Share on Twitter.

Agile and Lean Supply Chain 219

Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency Supply chain 219

SCMDOJO

DECEMBER 28, 2023

In the era of the Digital Retail Revolution, adaptive supply chain management is imperative amid the surge in online retail and the social commerce boom. In addition to the ever-changing marketing landscape, the supply chain often fails. You need to integrate your supply chain management systems to meet this demand.

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Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization supply chain software solutions 76

Empowering CPO

FEBRUARY 11, 2024

Introduction In the ever-evolving landscape of procurement, organizations are turning to strategic sourcing services to navigate the complexities and achieve sustainable success. At EmpoweringCPO, we understand the pivotal role it plays in optimizing the supply chain, reducing costs, and fostering long-term competitiveness.

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Supply Chain Game Changer

SEPTEMBER 19, 2022

Subscribe to Supply Chain Game Changer. The supply chain management industry has undergone many changes in recent years. The introduction of IoT devices to the supply chain, the rise of edge computing, and its ability to increase connectivity and efficiencies, have changed how businesses operate across industries.

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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. Your customers, employees and shareholders want to know you have a plan to address supply chain sustainability.

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Supply Chain Efficiency Sustainability Agile and Lean Supply Chain Supply Chain Optimization 120

Procurement Tactics

JUNE 6, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Inventory Forecasting — Everything You Should Know Inventory forecasting allows you to predict when supply chains and consumer demand are going to change. What is Inventory Forecasting?

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Inventory Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 170

Skill Dynamics

OCTOBER 19, 2023

This leads to professional growth and supply chain efficiency – just two benefits of role-based training , of which there are many more. Elevating Procurement Excellence Through Targeted Training Role-based procurement training is ideal because procurement and supply chain roles often come with role-specific challenges.

Supply Chain Optimization 52

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

SCMDOJO

MARCH 28, 2023

Blockchain technology is revolutionizing the way businesses manage their supply chains. By providing a secure and transparent way to track products from their origin to their final destination, blockchain for supply chain can help increase efficiency, reduce costs, and improve trust between suppliers and customers.

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Supply Chain Efficiency supply chain budgeting Supply Chain Optimization supply chain software solutions 109

Arkestro

APRIL 25, 2023

Resources / Blog / Reducing Construction Costs & Improving Sourcing Efficiency with Predictive Procurement Reducing Construction Costs & Improving Sourcing Efficiency with Predictive Procurement Construction companies face a host of challenges in the post-COVID era. from February 2020 to August 2022.

Supply Chain Efficiency 52

Supply Chain Efficiency Sourcing 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.

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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.

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Procurement Inventory control supply chain budgeting Real-time Visibility 52

Spend Matters

FEBRUARY 13, 2023

The company achieves this by using an advanced Al paired with real-world, in-the-moment perspectives from a proprietary network of partners that deliver insights down to the bill of material level. The last few years have put the word “supply chain” in the headlines as so-called supply chain disruptions and shortages have impacted everybody.

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Risk management Supply Chain Optimization Risk Supply chain 75

Supply Chain Game Changer

MAY 23, 2022

Subscribe to Supply Chain Game Changer. Why is Supply Chain Management Important? A company’s supply chain usually comprises all the operations between sourcing raw materials and delivering the product to customers. We will now look more into the benefits of KM in supply chain management.

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SCMDOJO

AUGUST 21, 2023

Try this as a tongue twister: “Tripping through tantalizing TikTokers, tenfold to transform your tangled supply chain!” In our digital age, where viral trends dominate, TikTok’s influence now extends to supply chain management. Discover the Top 10 TikTokers reshaping how you view supply chains.

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Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain supply chain software solutions 97

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. 27.19] The ideal client for Blume Global.

Real-time Visibility 52

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

HICX

FEBRUARY 15, 2024

As an increasing number of organizations engage with vendors on a global level to fulfill their supply chains, the need for supply chain robustness has never been so critical. The Global Supply Chain Landscape: What is the current situation?

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Supply chain management Supply chain management Supply Chain Efficiency supply chain software solutions 52

IBM Supply Chain Blog

AUGUST 2, 2023

For example, they can analyze traces to see how long each component of their application takes to process a request and optimize accordingly. Using real-time monitoring and visualization tools, operations teams can track the health of distributed systems and detect anomalies or failures.

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Empowering CPO

JUNE 16, 2023

This comprehensive visibility into an organization’s spend data is the cornerstone of strategic sourcing and purchasing decisions. Importance of Spend Analysis in Procurement In the context of procurement, spend analysis is an invaluable tool. Risk Management Spend analysis can play a crucial role in mitigating risks.

Import 52

Import Procurement Supply Chain Efficiency Real-time Visibility 52

SCMDOJO

MAY 13, 2022

By mid-April, the shipping traffic jam, part of a broader gridlock in supply chains around the world amid disruptions from the coronavirus pandemic, started thinning while record cargo volumes were reported in the U.S. Supply Chain KPI Dashboard. Source: project44 Monthly report.

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Arkestro

MARCH 27, 2024

Resources / Blog / Unleashing the Power of Procurement Buyers: Delving into this Impactful Role Unleashing the Power of Procurement Buyers: Delving into this Impactful Role Buyers have always played an important role in the procurement industry, helping organizations obtain goods and maintain a careful balance of speed, cost-efficiency, and quality.

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Procurify

MAY 26, 2022

Did you know that only 22 percent of companies have a proactive supply chain network? That’s why in today’s fast-paced global economy, it’s more important than ever to make sure your supply chain is efficient and reliable. . Let’s take a look at each of these supply chain management methods. .

Agile and Lean Supply Chain 52

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

SCMDOJO

JUNE 14, 2023

For example, it can be used for inventory management, order fulfillment, and product tracking tasks. As a result, businesses can optimize their logistics processes using Orchestration and save time and resources. This technology allows businesses to monitor their supply chain from order placement to final delivery in real-time.

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Supply Chain Efficiency Real-time Visibility Supply Chain Optimization Logistics 79

Supply Chain Game Changer

APRIL 21, 2020

Subscribe to Supply Chain Game Changer. A “Don’t Touch” Strategy will Dramatically Lean out your Supply Chain! Everyone involved in these Supply Chains is abiding by the social distancing and protective mandates we all are adhering to. What is a Don’t Touch Supply Chain Strategy?

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Agile and Lean Supply Chain supply chain budgeting supply chain software solutions Supply Chain Optimization 91

ivalua

MAY 6, 2021

The pandemic has accelerated this trend, with the Procurement function front and center in the fight to ensure supply chain resilience and continuity, reduce costs and protect the bottom line. According to Jones, there four key areas in which modern software will enable and empower procurement: 1) Optimize automation.

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

Una

OCTOBER 17, 2023

The current state of chatbots in procurement Chatbots are intelligent systems, designed to assist procurement teams by automating tasks , providing real-time support to end-users, and enhancing overall efficiency. Learn more about why UX is important in procurement.

Procurement 52

Procurement supply chain software solutions Real-time Visibility Supply Chain Optimization 52

Empowering CPO

JUNE 26, 2023

As a leading procurement services company specializing in spend analysis, EmpoweringCPO understands the vital role that insightful data plays in driving informed decision-making and optimizing procurement processes. Let’s explore the growing importance of data in procurement and how it is transforming decision-making processes.

Real-time Visibility 40

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

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

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. ESG In Supply Chain: Creating a Sustainable Value Chain. Of all these emissions, 2/3 of them usually come from the upstream supply chain.

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

Empowering CPO

JUNE 27, 2023

Within this domain, spend analysis plays a pivotal role in enabling informed decision-making and optimizing procurement processes. Traditional approaches to spend analysis relied heavily on manual processes and limited data visibility. This enables better analysis, identification of trends, and informed decision-making.

Real-time Visibility 40

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

Supply Chain Game Changer

DECEMBER 9, 2020

Subscribe to Supply Chain Game Changer. Keep reading and we’ll break down inventory management versus product data management and the systems that each requires. Inventory management starts with the fundamental in and out of your supply chain. It also needs to provide a real-time look at stock.

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Inventory supply chain software solutions Management Supply Chain Optimization 98

Supply Chain Game Changer

NOVEMBER 14, 2018

Blog post originally published by, and permission to publish here provided by, Argentus at [link] , a boutique recruitment firm focused on Supply Chain and Procurement. Is Your Supply Chain Ready To Recover? Automation is one of the hotter topics in the supply chain community – as it is across the entire economy.

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Supply chain management Supply chain management Supply Chain Optimization Supply chain 86

Empowering CPO

JULY 17, 2023

Companies, regardless of size and industry, need to source goods and services efficiently, cost-effectively, and with an eye toward sustainability and social responsibility. Without proper oversight and management, procurement can easily become a source of unnecessary expenditure and inefficiency.

Procurement 52

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

Empowering CPO

JULY 17, 2023

Companies, regardless of size and industry, need to source goods and services efficiently, cost-effectively, and with an eye towards sustainability and social responsibility. Without proper oversight and management, procurement can easily become a source of unnecessary expenditure and inefficiency.

Procurement 40

Procurement Management Supply Chain Efficiency Real-time Visibility 40

Arkestro

OCTOBER 29, 2023

Resources / Blog / 5 Chilling Challenges Facing Procurement Today 5 Chilling Challenges Facing Procurement Today From uncovering hidden supply chain specters to exorcizing bothersome data demons, procurement managers certainly have their hands full. More often than not, the raw data can be inaccurate or misleading.

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