Procurement Tactics

JUNE 5, 2023

First Name Email Download 51 Prompts →  Or receive our famous weekly newsletter Global Supply Chain — Everything About Supply Chain Global supply chain has become a popular way for businesses to source unique materials and products from other countries as they are unavailable domestically.

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supply chain budgeting supply chain software solutions Supply Chain Optimization Supply Chain Efficiency 192

Procurement Software

MAY 9, 2022

Supplier Relationship Management (SRM) can be complex. Supplier relationship management software can make things a little bit easier. These often use a mix of Microsoft tools to address supplier management needs. Here are 5 Key Advantages from using Supplier Relationship Management Software. Safeguard Brand Value.

Supplier relationship management 52

Supplier relationship management supply chain software solutions Suppliers Management 52

Procurement Software

MAY 9, 2022

Supplier Relationship Management (SRM) can be complex. Supplier relationship management software can make things a little bit easier. These often use a mix of Microsoft tools to address supplier management needs. Here are 5 Key Advantages from using Supplier Relationship Management Software. Safeguard Brand Value.

Supplier relationship management 52

Supplier relationship management supply chain software solutions Suppliers Management 52

Zycus Cognitive Procurement

FEBRUARY 14, 2022

One such thing is your suppliers and their ability to provide as and when needed. You not only miss out on opportunities but also risk major setbacks due to possible supplier disruptions. The first step to building a resilient supply chain is strengthening your relationships with suppliers. Why now, you may ask.

Suppliers 52

Suppliers Supply Chain Efficiency Supplier relationship management Vendor relationships 52

ivalua

JUNE 1, 2022

Procurement teams had to work closely with suppliers to find creative ways to solve problems, and they instantly realized the benefits of transparency in their supply chains and supplier risk management for business continuity in times of crisis. Why is visibility so important?

Supply chain resilience 130

Supply chain resilience Supply Chain Efficiency Agile and Lean Supply Chain supply chain budgeting 130

Spend Matters

SEPTEMBER 26, 2023

Forty years ago, the Harvard Business review published Peter Kraljic’s article ‘ Purchasing Must Become Supply Management ,’ which debuted the supplier segmenting method that we now know as the Kraljic matrix. For this, you really need supply management. You can check to see if the supplier uses forced labor,” Bertrand says. “Buy

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Purchasing Supply management Management Supply Chain Efficiency 90

ivalua

JANUARY 13, 2016

But one critical area remains in need of significant attention … the need for better supplier collaboration AND internal teamwork. Early collaboration among engineering, sourcing, and suppliers brings better ideas to the table in terms of product design, features, and costs. Suppliers are always looking to hide sources of cost.

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Collaboration Suppliers Supply Chain Efficiency Supply Chain Visibility 100

ivalua

JUNE 16, 2021

MENA countries import a lot of food; disrupted supply chains and price increases mean potential food shortages. Cut off from these important imports, MENA companies sharpened their focus on transforming supply chains, as a means of becoming more resilient and agile. Enter eProcurement.

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Eprocurement Supply Chain Optimization Agile and Lean Supply Chain Procurement team 130

ivalua

JUNE 18, 2020

The release features a broad array of innovations to empower customers to better manage their spend and suppliers. Through its ease of use and native integration with the sourcing solution, SDC will empower any user to leverage optimisation and make smarter allocation and supplier selection decisions.

Supply Chain Visibility 26

Supply Chain Visibility Supply Chain Efficiency Innovation supply chain software solutions 26

ivalua

MARCH 16, 2021

Procurement teams had to work closely with suppliers to find creative ways to solve problems, and they instantly realized the benefits of transparency in their supply chains and supplier risk management for business continuity in times of crisis. Why is visibility so important?

Supply chain resilience 130

Supply chain resilience Supply Chain Efficiency Agile and Lean Supply Chain supply chain budgeting 130

Procurement Tactics

AUGUST 23, 2022

We will also discuss its importance and the stages of the contract management process. Contract management, also known as contract lifecycle management, in the field of procurement refers to the handling of end-to-end contracting with the suppliers and other third parties of an organization. . Enhanced contract visibility.

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Contract management Contract supply chain software solutions Management 130

ivalua

JANUARY 31, 2022

CPO’s and CFO’s will join forces to combat inflation and supply risk, supply assurance will be perceived as more important than price, convenience and customer service gaining significant popularity, and vigilance against commodity and supply market manipulation will be critical. #3. The Best Way Forward for 2022.

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

ivalua

FEBRUARY 24, 2021

Supply Chain Transformation is ongoing but never more important than in 2021. The impact of all of that is that organizations are actively creating geographical supplier diversity within their supply chains, to strike a better balance between cost reduction and agility,” he said.

Agile and Lean Supply Chain 162

Agile and Lean Supply Chain Supply Chain Efficiency Supply chain Supply chain resilience 162

Let's Talk Supply Chain

OCTOBER 3, 2022

SEKO provides complete supply chain solutions, specializing in transportation, logistics, forwarding and warehousing. Powered by their innovative and customizable IT solutions, SEKO provide a seamless flow of information, giving their ever-growing customer base true supply chain visibility.

Demand 52

Demand Real-time Visibility Agile and Lean Supply Chain Supply Chain Visibility 52

Supply Chain Game Changer

OCTOBER 14, 2021

Supply and demand are in prolonged imbalance, and will continue to rock out of equilibrium in 2022. As suppliers struggle fulfill backlogged orders and meet current customer demand, supply chain managers need to remain nimble. Contract negotiations will become commonplace as tensions between customers and suppliers flare.

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Supply Chain Efficiency Supply chain Real-time Visibility Supply Chain Visibility 76

Supply Chain Game Changer

AUGUST 26, 2021

Subscribe to Supply Chain Game Changer. Supply Chain Visibility Has Never Been More Important! Supply Chain visibility article and permission to publish here provided by Adam Miglio. And the limitations in supply chain visibility seem to start right here.

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Supply Chain Visibility Real-time Visibility e2e Agile and Lean Supply Chain 103

SCMDOJO

JULY 7, 2023

Late changes to the design of the vehicles, such as the headlights, caused disruptions in the supplier base and necessitated costly tooling changes. These supply chain issues not only delayed production further but also strained relationships with suppliers.

Supply Chain Efficiency 99

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain 99

Procurement Leaders

JUNE 13, 2022

It is the largest infrastructure project in Europe and the most important economic and social regeneration project in decades. was set up by the UK Government to design and construct the railway and is responsible for procuring and coordinating a supply chain of designers and contractors to deliver billions of pounds worth of contracts.

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SCMDOJO

AUGUST 16, 2023

[Read More: The Ultimate Guide to Contract Logistics: What You Need to Know ] Information Technologies Driving Efficiency In Walmart’s journey towards becoming a global leader, information technologies have played a pivotal role in driving efficiency within the integrated Walmart supply chain.

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Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization Supply chain 74

Una

OCTOBER 17, 2023

By Hugo Britt | October 17, 2023 Search Search “Hey, Procurement?” “Yes, Dave?” “Contact Supplier X’s chatbot and see if you can negotiate a 15-day increase on payment terms for all products.” Learn more about why UX is important in procurement. This will help in building trust with suppliers and customers alike. Sure, Dave.

Procurement 52

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

ivalua

NOVEMBER 25, 2020

Procurement’s value became evident, as did the importance of the supplier relationships they had built. According to Accenture, 94% of Fortune 1000 companies saw supply chain disruptions and 75% had negative or strongly negative impacts on their businesses due to the pandemic.

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Chief Procurement Officer Agile and Lean Supply Chain Procurement Supply Chain Efficiency 130

Skill Dynamics

OCTOBER 19, 2023

Sourcing managers play a vital role in a business’s procurement process by identifying, evaluating, and selecting suppliers. Sourcing managers have other remits, too, such as needing the ability to assess current market trends – together with a comprehensive understanding of supply and demand dynamics.

Supply Chain Optimization 52

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

Arkestro

OCTOBER 29, 2023

As data-driven decision making becomes increasingly important, procurement teams are tasked with an ever-growing challenge to sift through and make sense of more data than they ever have before. Supplier relationship management: Unarguably, humans are better at dealing with other humans than AI is. Read on if you dare.

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Procurement Procurement team Supplier relationship management Supply Chain Optimization 52

Supply Chain Game Changer

JANUARY 14, 2020

So why is it that the Supply Chain in so many companies is being run without the end to end visibility needed to even function, yet which we have in our personal lives? In this age of exponential growth in digital connectivity the time has come to ensure you have End to End Supply Chain visibility.

Real-time Visibility 52

Real-time Visibility e2e Supply Chain Efficiency Supply chain 52

Supply Chain Game Changer

JULY 14, 2021

The above isn’t suggesting that procurement isn’t committed to sustainability, that sustainability doesn’t value the importance of procurement and/or that either of the two comes at the expense of the other. CPOs “gave supply chain sustainability a ranking of 7.2 out of 10, on average — an increase from 6.2

Sustainability 98

Sustainability Procurement supply chain budgeting Agile and Lean Supply Chain 98

EazyStock

JUNE 16, 2022

Having systems and processes in place to reduce the possibility and subsequent impact of supply chain issues is extremely important. Advancing technologies, such as artificial intelligence and machine learning, make connectivity and supply chain visibility easier. Managing suppliers with AI and ML.

Supply chain management 52

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

Supply Chain Game Changer

OCTOBER 28, 2021

According to the 2021 Deloitte Chief Procurement Officer Survey, “Around 70% of CPOs felt that they had good visibility on the risks that existed in their direct (tier 1) suppliers. Yet only 26% were able to confidently predict risk within their supply bases. And, only 15% had visibility into tier 2 or beyond.

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SupplyShift

APRIL 13, 2021

They are expected to start taking responsibility for their suppliers’ actions, too. So, when it comes to the role of procurement professionals, their unique position of leverage with suppliers presents an incredible opportunity for the function to collectively redefine and reinvent global supply chains.

Supply Chain Efficiency 52

Supply Chain Efficiency Sustainability Supply chain Procurement 52

SupplyShift

APRIL 13, 2021

They are expected to start taking responsibility for their suppliers’ actions, too. So, when it comes to the role of procurement professionals, their unique position of leverage with suppliers presents an incredible opportunity for the function to collectively redefine and reinvent global supply chains.

Supply Chain Efficiency 52

Supply Chain Efficiency Sustainability Supply chain Procurement 52

Supply Chain Game Changer

SEPTEMBER 17, 2020

As reported by Jeff Berman of Supply Chain 24/7 , “[up to] 70% of B2C companies and 60% of B2C companies are focused on the full implementation of their respective ecommerce supply chain strategies, with 70% of total respondents viewing ecommerce at ‘very important’ or ‘extremely important,’ as it relates to volume and revenue.”.

supply chain software solutions 105

supply chain software solutions Supply Chain Efficiency Supply chain e2e 105

Supply Chain Game Changer

NOVEMBER 27, 2019

Is Your Supply Chain Ready To Recover? Article provided to Supply Chain Game Changer by, and permission to publish here provided by, Aimee Laurence. Having a productive and efficient supply chain is very important for a business. A big part of your supply chain process is to increase transparency.

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Supply chain management Supply chain management Supply Chain Efficiency Supply Chain Optimization 74

Supply Chain Game Changer

AUGUST 3, 2021

Supply Chain has historically been considered a back office function, necessary but lacking in prestige and strategic value. The Coronavirus pandemic created a dramatic and highly visible disruption in that paradigm. Does that mean that the importance and value of Supply Chain is at a crossroads?

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Supply Chain Efficiency Supply chain e2e Real-time Visibility 119

Supply Chain Game Changer

NOVEMBER 26, 2018

Cost is a very important reason to ensure that you have a robust Freight Management strategy. Supply chain visibility is also incredibly important these days. Too often I have seen companies that fail to grasp the importance of having a strategy. Supplier Management. Freight and Logistics.

Strategy 68

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SupplyShift

DECEMBER 6, 2021

To gain this kind of transparency, businesses must create a global map of their supply network, right down to the source. Before we explore the why and how of supply chain mapping, it’s important to establish just what the term means. 2) It will identify potential loss points and strengthen supplier relationships.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Supply chain e2e 52

SupplyShift

DECEMBER 6, 2021

To gain this kind of transparency, businesses must create a global map of their supply network, right down to the source. Before we explore the why and how of supply chain mapping, it’s important to establish just what the term means. 2) It will identify potential loss points and strengthen supplier relationships.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Supply chain e2e 52

Supply Chain Game Changer

APRIL 29, 2020

Both the suppliers and shippers will need to monitor market conditions and costs on an ongoing basis as they enter carrier rate negotiations. For the shipper, in particular, the use of freight cost benchmarking and market movement analytics will also be important to achieve additional insight and a better understanding of overall costs.

Supply Chain Optimization 69

Supply Chain Optimization Supply Chain Efficiency Export Route optimization 69

Supply Chain Opz

NOVEMBER 9, 2014

The list is presented in the order the responses were received in: 1) Andreas Wieland , Assistant Professor at Copenhagen Business School Successful supply chain management means that organizations are well-orchestrated in an end-to-end value network. delivery reliability”), but is that really “supply chain thinking”?

Agile and Lean Supply Chain 109

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