Arkestro

JANUARY 23, 2024

Resources / Blog / What does a Procurement Manager do? Job Description, Skills, and Qualifications What does a Procurement Manager do? Procurement managers play a key role in this rapid growth, helping organizations optimize costs, negotiate favorable terms with suppliers, and ensure financial efficiency.

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Let's Talk Supply Chain

OCTOBER 30, 2023

Today I’m joined by forward-thinking tech company Beacon Technologies – a brand that says, when it comes to supply chain, they believe in power to the people! Beacon’s supply chain visibility platform is a central hub for real-time ocean and air freight tracking, supply chain performance analytics and carbon emissions reporting.

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Real-time Visibility Supply Chain Visibility supply chain software solutions supply chain budgeting 52

IBM Supply Chain Blog

AUGUST 1, 2023

We’re delighted about the recent expansion of IBM and Adobe’s dynamic partnership to help brands transform their content supply chains using generative AI. More efficient end-to-end content workflows: Optimizing enterprise end-to-end workflows that support the content supply chain is a critical first step.

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Supply Chain Optimization supply chain budgeting Supply Chain Efficiency Supply chain 66

Procurement Templates

APRIL 15, 2024

They would ask various procurement managers for advice but often got a different response depending on who they ask. If all the procurement managers are operating within the same set of rules why are there different shades of grey when responses are dished out?

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Supply Chain Game Changer

AUGUST 6, 2020

Subscribe to Supply Chain Game Changer. The Digital Supply Chain Road is Full of Potholes, Construction and Accidents! This Digital Twinning of Supply Chains article focuses on transformative ideation of transport & logistics value chains. The physical supply chain is not easily changeable.

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The Good Spending

AUGUST 16, 2022

Why is supply chain collaboration essential? Once, I was asked what makes the supply chain important to a company. Shadow procurement, supply chain, and logistics have become standard for many companies. The supply chain is the most collaborative function in the business.

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Supply Chain Efficiency Collaboration Supply Chain Optimization Agile and Lean Supply Chain 52

Arkestro

FEBRUARY 20, 2024

in 2023 , even as organizations continue to grapple with talent shortages, budget cuts, supply chain issues, and global inflation. Predictive procurement is a modern approach to supply chain management that leverages data analytics , machine learning, and game theory to forecast and optimize purchasing activities.

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supply chain budgeting Supply Chain Optimization Procurement Supply Chain Efficiency 52

ivalua

JUNE 14, 2023

Ivalua Spend Management Insights [ivory-search] Get Ready for Success! People: Engaging Stakeholders and Nurturing Change Engaging stakeholders early in the implementation process is crucial for gaining their support and supporting the change management process.

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Skill Dynamics

FEBRUARY 2, 2023

As we discussed in our previous blog , market pressures are driving change in both procurement and supply chain functions. The influencing groups Many organizations are looking to eLearning to drive impactful skill development at scale across various teams in supply chain and procurement.

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supply chain budgeting Supply Chain Efficiency Supply Chain Optimization Supply chain 52

Procurement Tactics

JULY 4, 2023

The model is also used to compare the actual cost of production to the estimated cost and to identify areas where costs can be reduced. It is a powerful tool that helps procurement and supply chain professionals to evaluate and negotiate pricing with suppliers effectively and favorably and achieve cost savings.

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Raw materials supply chain software solutions supply chain budgeting Price 209

Arkestro

MARCH 27, 2024

After years of focusing on cost reduction, the majority of procurement leaders say they plan to spend more and increase workloads in 2024, meaning procurement buyers will have more power to influence change and optimize spend across the entire supply chain. But what does a procurement buyer do, exactly?

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World of Procurement blog

APRIL 23, 2024

Procurement analytics is the process of collecting, processing, and analyzing data related to an organization's purchasing activities to improve efficiency, reduce costs, and provide valuable insights into supply chain operations.

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World of Procurement blog

APRIL 23, 2024

Procurement analytics is the process of collecting, processing, and analyzing data related to an organization's purchasing activities to improve efficiency, reduce costs, and provide valuable insights into supply chain operations.

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Supply Chain Game Changer

SEPTEMBER 11, 2022

Subscribe to Supply Chain Game Changer. Small Business Cost Cutting: A Short Guide! Most small business owners tend to underestimate the impact financial management can have on business profitability. Four tips for effectively managing small business finances. Email Address. Importance of CPA as business owners.

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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. Inventory Control and Management : Properly managing the received materials to ensure they are used efficiently and effectively.

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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. Inventory Control and Management : Properly managing the received materials to ensure they are used efficiently and effectively.

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Procurement Inventory control supply chain budgeting Real-time Visibility 52

Supply Chain Opz

NOVEMBER 9, 2014

Companies of all sizes have been capturing the value from Global Supply Chain to increase the economies of scale and scope for years. Due to the rapid change in global business environment, managers find it difficult to gain the edge over competitors. delivery reliability”), but is that really “supply chain thinking”?

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Una

OCTOBER 12, 2023

Understanding Offshoring, Onshoring, Nearshoring, and Rightshoring in Procurement Explore the nuances between offshoring and other approaches to procurement and how each one can impact the bottom line, supply chain resilience and overall strategic objectives.

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Supply Chain Game Changer

JULY 2, 2021

Subscribe to Supply Chain Game Changer. Creating a Culture Focused on Money Management. Financial management article and permission to publish here provided by Marlene Coleman. Financial management is also one of these business aspects that demand exceptional attention. Subscribe Here! Email Address. Cash Is King!

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World of Procurement blog

MAY 10, 2024

Predicting future spend : By analyzing historical spend data, AI algorithms can create spending forecasts, predict seasonal demand changes, and model the impact of external factors on budgets. Enhancing contract management : Natural language processing enables AI to extract key data from contracts. This enables more accurate planning.

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Procurement team Procurement Real-time Visibility Supply Chain Efficiency 52

Supply Chain Game Changer

MARCH 9, 2022

Subscribe to Supply Chain Game Changer. Procurement operations are the backbone of every company’s supply chain. Fundamental to procurement is the acquisition of goods and services from a party that’s further up the supply chain. Subscribe Here! Email Address. Project-Based Procurement.

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Procurement Tactics

JULY 23, 2023

51 ChatGPT Prompts to 10X Your Productivity in Procurement Download ChatGPT PDF Procurement Courses  Or receive our famous weekly newsletter The 5S of Kaizen — The Ultimate Guide The 5S of Kaizen comes under the umbrella of lean management aimed to eliminate waste within manufacturing operations. What is Kaizen?

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Arkestro

MAY 9, 2023

Simply put, organizations still aren’t harnessing the power of technology to its full effect — and they’re missing out on countless opportunities to optimize spending, decision-making, sourcing, and results. As an increasing number of companies prioritize cost containment, the pressure is on for procurement.

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Supply Chain Trend

AUGUST 13, 2020

Preview In his 2019 Foresight article, Niels van Hove examined eight technological hurdles that must be overcome to enable autonomous or ‘lights out’ supply-chain planning. He reasoned that to support such planning we need to implement a third wave of integrated supply-chain planning software.

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supply chain software solutions Supply Chain Optimization supply chain budgeting Supply chain 147

SCMDOJO

NOVEMBER 9, 2023

Understanding the most valuable inventory control techniques, along with utilizing inventory control template Excel, is essential if you want to ensure effective inventory management. The primary goal of inventory control is to reduce the costs associated with holding stock.

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Arkestro

DECEMBER 12, 2023

Then, we’ll share some tips on how retailers can streamline and optimize procurement to ensure a successful holiday shopping season. When broken down by generation, Gen Z is the most likely to tighten their budget, while Gen Xers and Boomers are more likely to splurge. What’s trending this holiday season?

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Procurement Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain 52

Empowering CPO

MAY 31, 2023

Introduction In today’s interconnected world of business, Supplier Relationship Management (SRM) stands as a pillar of success for organizations across the globe. It’s the concerted effort of strategically planning and managing all interactions with suppliers that supply any goods and/or services to an organization.

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Arkestro

JANUARY 18, 2023

Reducing costs in the industry by even a fraction has a huge impact on profitability. But beyond impacting cost, factors like economic uncertainty, supply chain disruption, and changing consumer preferences are transforming procurement in the industry. This means procurement will need to be innovative.

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Raw materials Procurement supply chain budgeting Supply Chain Efficiency 94

Una

JUNE 1, 2023

By strategically managing the acquisition of goods and services, they have the power to optimize costs, enhance operational efficiency , and boost overall profitability. From supplier relationship management and global sourcing to risk assessment and sustainability initiatives, each day brings new hurdles to overcome.

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IBM Supply Chain Blog

MAY 10, 2024

However, managing multiple GPUs on-premises can create a large demand on internal resources and be incredibly costly to scale. FPGAs vs. GPUs The choice of hardware significantly influences the efficiency, speed and scalability of deep learning applications.

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Procurement Software

APRIL 23, 2024

This accolade underscores their significant potential to influence the future of procurement technology. based company, offers a self-service spend analysis software that revolutionises the way businesses manage and analyse their spending. Spendata Spendata , a pioneering U.S.-based

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supply chain software solutions Real-time Visibility Supply Chain Efficiency supply chain budgeting 52

Arkestro

JUNE 6, 2023

On the one side, finance is concerned with keeping the company budget in the black. On the other side, procurement is concerned with keeping company operations running smoothly and judicially making the most of budgets. Ultimately, both want the same goal — ensuring business outcomes are positive, timely, and on-budget.

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

Supply Chain Game Changer

SEPTEMBER 11, 2022

Subscribe to Supply Chain Game Changer. Integration Costs Budgeting. Assembling a workable budget for anticipated integration expenses is the next phase in the integration process. Several variables will influence the final implementation cost. Consider productivity losses when drawing up a budget.

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supply chain software solutions supply chain budgeting Supply Chain Optimization Budget 96

Una

JUNE 1, 2023

By strategically managing the acquisition of goods and services, they have the power to optimize costs, enhance operational efficiency , and boost overall profitability. From supplier relationship management and global sourcing to risk assessment and sustainability initiatives, each day brings new hurdles to overcome.

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Supply Chain Game Changer

JANUARY 19, 2021

Subscribe to Supply Chain Game Changer. At Supply Chain Game Changer we believe in sharing experiences and expertise from people in every industry and from across the globe. As such we have introduced our “Seasoned Leadership in Action ” Interview series at Supply Chain Game Changer. Subscribe Here!

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Positive Purchasing

JULY 26, 2023

Typically, the board will deliberate for a short while then set a budget and timescale below that, identified and recommended in the study. This will come with a request for recommendations on what can be achieved for the reduced budget, together with any estimated cost savings and revenue upside benefits.

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Empowering CPO

MAY 11, 2023

Sustainable procurement has emerged as a vital approach to address environmental and social concerns while optimizing business performance. By integrating sustainability into procurement decisions, organizations can reduce waste, conserve resources, support ethical labor practices, and promote local economies.

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