Arkestro

JUNE 6, 2023

Ultimately, both want the same goal — ensuring business outcomes are positive, timely, and on-budget. Here are just a few of the metrics CFOs look at when examining procurement process efficiency: Cost of Purchase Order: What are the internal costs associated with each purchase?

Supply Chain Efficiency 52

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

SCMDOJO

DECEMBER 28, 2023

According to a recent report by Global Web Index, modern shoppers distribute their attention across multiple social platforms and are increasingly likely to purchase products on their mobile devices. This integration ensures the visibility of inventory, efficient order processing, and synchronized fulfilment across all channels.

Supply Chain Efficiency 74

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization supply chain software solutions 74

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. You can unsubscribe at any time. But what does a procurement buyer do, exactly?

Buyers 52

Buyers Supply Chain Efficiency supply chain budgeting Procurement 52

Procurement Tactics

MARCH 27, 2023

Although it always relates to demand and sales projections, forecasting can also be used to determine product pricing, lead times, labor needs, and more. The integration of AI into forecasting improves accuracy, saves more money, and helps businesses react to exceptions in real-time.

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

The Thomas Blog

JANUARY 5, 2024

Spend the time to research and identify online directories that encompass your specific industry, niche, or target sector/demographic. Use highly targeted keywords in your directory listings so you’ll be more visible to searches. Visibility drives traffic and opportunities. You can also encourage positive reviews and ratings.

Strategy 52

Strategy Real-time Visibility Buyers Quality 52

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.

Real-time Visibility 40

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

Empowering CPO

JUNE 27, 2023

Spend analysis involves the systematic examination of purchasing data to gain insights into spending patterns, supplier performance, and potential areas of improvement. Traditional approaches to spend analysis relied heavily on manual processes and limited data visibility.

Real-time Visibility 40

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

Arkestro

MAY 16, 2022

Purchased 35,000 different raw materials. Made purchases from over 6,500 suppliers located across the world. Implemented a program to focus on renewable and recycled raw materials resulting in the 2021 purchase of 1.3 Deployment takes time, data migration takes time, and onboarding takes time.

Raw materials 52

Raw materials Procurement Real-time Visibility supply chain software solutions 52

ivalua

MARCH 28, 2019

The huge growth in the use of technology has been the most visible part of that developing picture. I first saw this term used a few years ago by Philip Ideson, as a title for his website and excellent series of podcasts, and it feels like this may be an idea whose time has come.

Procurement 167

Procurement Agile and Lean Supply Chain Real-time Visibility Innovation 167

Procurement Software

MARCH 11, 2022

And therein lies the problem of getting procurement to have a bigger influence on companies’ bottom line. Purchase to pay software with a mobile-first interface that busy stakeholders actually enjoy using. Supplier collaboration portals to drive innovation and real time project management without email or spreadsheets.

supply chain software solutions 52

supply chain software solutions Procurement Real-time Visibility Raw materials 52

Procurement Software

MARCH 11, 2022

And therein lies the problem of getting procurement to have a bigger influence on companies’ bottom line. Purchase to pay software with a mobile-first interface that busy stakeholders actually enjoy using. Supplier collaboration portals to drive innovation and real time project management without email or spreadsheets.

supply chain software solutions 52

supply chain software solutions Procurement Real-time Visibility Raw materials 52

IBM Supply Chain Blog

MARCH 16, 2023

In fact, Gen Z are not only poised to drive the momentum even further towards sustainable shopping , but they are also influencing older generations to similarly shift their preferences towards sustainability. 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

Supply Chain Game Changer

MARCH 28, 2020

The Procurement, or Purchasing, function is considered by many to be a necessary but non-strategic part of any organization. Instead of waiting for others to realize that now is the time for Procurement professionals to make their value and contribution known. Now is the time for Procurement to SELL! Subscribe Here!

Procurement 71

Procurement Chief Procurement Officer Supply Chain Efficiency Purchase orders 71

Empowering CPO

MAY 15, 2023

Procurement is not just a corporate department; it is a critical business function that has the potential to influence an organization’s profitability, operational efficiency, and strategic success. It’s the art of sourcing, negotiating, and purchasing, all while maintaining a keen eye on quality and cost.

Procurement 52

Procurement Innovation Quality Cost of ownership 52

Zycus Cognitive Procurement

JULY 27, 2021

The influence of automation is increasing day by day. Although, this “a-ha” moment makes for great viewing, but we know that crimes are solved based on hard facts in real life. Although, this “a-ha” moment makes for great viewing, but we know that crimes are solved based on hard facts in real life. Vendor Management.

Procurement 40

Procurement Real-time Visibility Chief Procurement Officer e2e 40

Empowering CPO

JUNE 30, 2023

This function is no longer limited to transactional activities such as purchasing; instead, it has evolved into a strategic role that directly influences a company’s bottom line and competitive standing. It can result in stock-outs or overstock, poor quality control, and longer lead times. Let’s break it down.

Supply Chain Optimization 52

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

Una

OCTOBER 31, 2023

At a more fundamental level, organizational culture can strongly influence resistance to change, along with a lack of trust in the leadership team driving the change. To fear change is human but thankfully, there are ways to make your procurement changes desirable to stakeholders so that when the time comes you're not met with resistance.

Change management 52

Change management Management Procurement Leadership 52

Supply Chain Game Changer

SEPTEMBER 17, 2019

Mike Mortson was recently interviewed by Oracle as a part of their Global Supply Chain Influencer program. Most supply chain leaders recognize that it’s an incredibly exciting time to be working in the field. This isn’t just about whether to embrace the digital supply chain , because that will inevitably happen over time for everyone.

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Supply Chain Efficiency Supply chain Real-time Visibility 59

Claritum

JANUARY 25, 2019

The level of understanding of procurement automation within a company influences significantly the adoption. By automating their business processes in functions such as finance, procurement and goods receiving and automating time-consuming, repetitive tasks SMEs stand to improve productivity which will help them gain competitive advantage.

Supply chain management 36

Supply chain management Supply chain management Supply Chain Efficiency Supply chain 36

Empowering CPO

JUNE 30, 2023

Introduction Have you ever wondered how much time, effort, and money your company spends on procurement? With today’s increasing business complexity and the pressure to do more with less, it’s time to explore how managed procurement services can transform your business. Allow us to introduce ourselves.

Management 40

Management Procurement Real-time Visibility Supply Chain Efficiency 40

Empowering CPO

JUNE 25, 2023

Its purpose is to increase visibility of procurement spend, identify savings opportunities, improve operational efficiency, and monitor supplier performance. Our team of experienced procurement professionals works tirelessly to provide our clients with accurate, timely, and actionable insights from their procurement data.

Supply Chain Efficiency 52

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

Supply Chain Game Changer

APRIL 23, 2019

The Procurement, or Purchasing, function is considered by many to be a necessary but non-strategic part of any organization. Instead of waiting for others to realize that now is the time for Procurement professionals to make their value and contribution known. Now is the time for Procurement to SELL! Subscribe Here!

Procurement 50

Procurement Chief Procurement Officer Supply Chain Efficiency Purchase orders 50

Positive Purchasing

JULY 26, 2023

Jonathan O’Brien , CEO of Positive Purchasing , author, and global procurement thought leader, outlines an effective approach to creating a road map for embedding a sustainable procurement initiative in your business. Here it is – take some time to look at it and how it flows, then read on. To do this you need a plan.

Sustainability 52

Sustainability Procurement supply chain budgeting Supply Chain Efficiency 52

The Thomas Blog

JUNE 22, 2022

Surveys have shown that the purchasing decisions of industrial buyers are most heavily influenced by detailed technical information about the products/services they are sourcing, which is why common content and pages that attract new customers are: Part-level specifications. What markets do you serve? Facility and equipment lists.

Buyers 64

Buyers Real-time Visibility supply chain budgeting Supply Chain Efficiency 64

Arkestro

AUGUST 15, 2022

A robust ESG strategy can also help influence consumer preference. For instance, it is not unusual for primary suppliers to apportion large orders to subcontractors or purchasing agents. They usually have to demonstrate their abilities before the organization can make a significant purchase commitment. Lower Costs.

Strategy 52

Strategy Real-time Visibility Supply Chain Efficiency Suppliers 52

Planergy

JULY 5, 2022

How to gain visibility and control of your indirect spend. Getting Started with Environmental, Social and Governance Practices ESG leadership begins with the top but it can’t stay there if you want to make a real impact. Cristian Maradiaga. King Ocean. Book a Live Demo. That’s where procurement’s role becomes so crucial.

Sustainability 52

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

Supply Chain Trend

AUGUST 13, 2020

IBP requires cross functional alignment to eliminate silos, to achieve accountability for delivering strategic, financial and operational outcomes, and to enable scenario planning that provides forward visibility into the consequences and risks of decisions (Sorensen, 2020). Automation versus Augmentation.

supply chain software solutions 147

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

SCMDOJO

MARCH 19, 2024

Discover Ways to Boost Supply Chain Visibility through Digital Marketing Supply chain visibility is essential for providing a superior customer experience and sustaining customer loyalty over time. Customers face significant frustrations that erode brand trust and sales without supply chain visibility.

Supply Chain Visibility 76

Supply Chain Visibility Real-time Visibility e2e supply chain software solutions 76

Supply Chain Trend

NOVEMBER 16, 2016

It sometimes seems like S&OP is stuck in a time warp, where the same old things as 30 years ago are being discussed. This operating model included order to cash, make to demand, purchase to pay, finance and planning processes. They fear the cross functional visibility in their KPI’s, progress of projects and functional performance.

supply chain budgeting 115

supply chain budgeting Supply Chain Efficiency Innovation Supply chain 115

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? Businesses must serve as the champions of sustainability. Source: Purina. Source: Nestlé.

Sustainability 58

Sustainability Sourcing Supply Chain Efficiency Real-time Visibility 58

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. This model allows suppliers to maintain healthy margins, provides financing for the infrastructure needed to make ASML’s products, and offers staggered purchase guarantees.

Supplier relationship management 52

Supplier relationship management Collaboration Suppliers Supply Chain Efficiency 52

Empowering CPO

JUNE 21, 2023

In the world of procurement, it’s the compass that guides decision-makers, pointing the way to smart, strategic purchases and partnerships. It provides visibility into supplier performance and compliance, thereby mitigating risk. Let’s illustrate this with a real-life example.

Procurement 40

Procurement Data Sustainability Suppliers 40

Empowering CPO

JUNE 14, 2023

It is a strategic process that involves identifying business needs, sourcing suppliers, negotiating contracts, managing supplier relationships, and ensuring the timely delivery of high-quality products or services. 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

JULY 5, 2023

However, procurement can also be complex, time-consuming, and fraught with challenges. It can lead to significant cost savings by leveraging the purchasing power and supplier relationships of the service provider. It enables us to provide you with customized, targeted solutions that deliver real value for your business.

Management 52

Management Procurement Real-time Visibility Ethics 52

Pipefy

JANUARY 30, 2024

Improvements to existing procurement processes, procedures, and operations are as time-sensitive as ever. That’s where procurement, sourcing, and purchasing technology comes in. P2P software like Pipefy makes it easy to fast-track PO cycle time and streamline stakeholder coordination. Purchase orders. Invoice approvals.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Procurement Real-time Visibility Supply Chain Efficiency 52

Supply Chain Game Changer

NOVEMBER 16, 2022

Collaborating with the suppliers without any systems would mean wasting time searching through voicemails, printed documents, and email threads to locate the needed information. Direct purchase requests from employees are possible with varying levels of auto-approval. Real-time data and analytics. Cost Saving.

Supply Chain Efficiency 19

Supply Chain Efficiency Procurement Real-time Visibility Supply Chain Optimization 19

IBM Supply Chain Blog

AUGUST 24, 2021

As retailers prepare for the upcoming holidays, it’s critical they consider all the influences that can make or break their holiday success. At the core of their preparation should be a single inventory tracking system that gives a 360-degree perspective on inventory management, customer engagement and fulfillment risk and opportunities.

Real-time Visibility 52

Real-time Visibility Supply Chain Optimization Inventory Supply chain 52