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?

Supply Chain Optimization 52

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

Procurement Software

APRIL 23, 2024

Located in Amsterdam, Netherlands, the company leverages advanced AI technologies to enhance procurement processes, focusing on efficiency and data visibility. What sets Mithra-AI apart is its real-time, continuous visibility of spend data, coupled with proactive alerts for opportunities and risks.

supply chain software solutions 52

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

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.

Supply Chain Optimization 78

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting supply chain software solutions 78

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.

Supply Chain Efficiency 52

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

Pipefy

OCTOBER 25, 2023

To do this, procurement teams require visibility into their data, control over their processes, and a seat at the business strategy table. Emerging threats like procurement fraud, supply chain fraud, and accounting/financial statement fraud have also increased since 2020.

Innovation 52

Innovation Strategy e2e Supply Chain Efficiency 52

Spend Matters

MARCH 11, 2024

For our readers who couldn’t/didn’t attend, here are our own reflections based on the time we had ( if we missed you, apologies, but do reach out to us here to get your procurement tech solution in front of our analysts ). So cleansing of SMFs is vital, even though it takes time.

Procurement strategies 94

Procurement strategies Innovation Strategy Procurement 94

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 25, 2023

In the realm of procurement and supply chain management, one tool stands out as a game-changer — Spend Analysis. Spend Analysis is a process where procurement data from various sources are collected, cleansed, categorized, and analyzed. To illustrate the value of accurate spend analysis, let’s consider a real-life example.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain budgeting Real-time Visibility Data 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. The front lines of sourcing. Capabilities.

Buyers 64

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

Positive Purchasing

JULY 26, 2023

Here it is – take some time to look at it and how it flows, then read on. Typically, the board will deliberate for a short while then set a budget and timescale below that, identified and recommended in the study. Following further deliberation, a budget is usually agreed. To do this you need a plan.

Sustainability 52

Sustainability Procurement supply chain budgeting Supply Chain Efficiency 52

Empowering CPO

MAY 31, 2023

Effective risk management is crucial in maintaining a stable, reliable supply chain. There are several, but we’ll highlight a few: Cost Reduction: By fostering close relationships with suppliers, a company can often negotiate better terms and prices. Now, what are the benefits of effective SRM?

Supplier relationship management 52

Supplier relationship management Collaboration Suppliers Supply Chain Efficiency 52

Empowering CPO

JUNE 14, 2023

At its core, procurement is the process of finding, agreeing to terms, and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process. 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

Supply Chain Game Changer

NOVEMBER 16, 2022

Subscribe to Supply Chain Game Changer. Along with cost savings, procurement managers are focusing on optimizing and automating processes. It helps bring predictability to Strategic Sourcing, automates Transactional Procurement (or P2P cycle), and enables proactive Supplier Risk Management. Cost Saving.

Supply Chain Efficiency 19

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

IBM Supply Chain Blog

SEPTEMBER 18, 2023

Today, we are seeing significant digital disruption in the business of trade and supply chain financing that is largely influenced by global events and geopolitics, changing regulations, compliance and control requirements, advancements in technology and innovation, and access to capital.

Supply Chain Efficiency 91

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting Supply chain 91

Planergy

OCTOBER 4, 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. Another advantage of big data analytics is that it can help organizations reduce costs and improve efficiency. Download Free Copy.

Data 52

Data Import supply chain software solutions Quality 52

Arkestro

JANUARY 9, 2024

According to Deloitte, the manufacturing industry was in contraction throughout most of 2023 due to challenges like increased lead times, tight labor markets, and rising costs. In fact, manufacturing procurement has never been more important, holding the power to influence IT, finance, and C-suite decision-making.

supply chain budgeting 52

supply chain budgeting Supply chain resilience Procurement Supply Chain Optimization 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. Finally, procurement teams are responsible for anticipating and responding to disruptions in the supply chain and their own process.

Agile and Lean Supply Chain 52

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

Empowering CPO

JUNE 20, 2023

Introduction In an era defined by data-driven decision-making, Spend Analysis has emerged as a game-changer, steering businesses towards more strategic, efficient, and cost-effective operations. When applied to Supply Chain Management, Spend Analysis serves as an invaluable tool.

Supply chain management 40

Supply chain management Supply chain management supply chain budgeting Supply Chain Efficiency 40

Procurement Templates

JUNE 18, 2023

ChatGPT Inflation refers to the general increase in prices of goods and services in an economy over time, resulting in a decrease in the purchasing power of money. Inflation occurs when there is an imbalance between the supply and demand of money and goods. What is inflation?

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

Supply Chain Game Changer

FEBRUARY 9, 2022

Subscribe to Supply Chain Game Changer. Once treated as an “add-on” to full-time commitments, project management has evolved into a separate area with its theoretical background and methods. These activities always require a balance between certain elements: purpose, time, price, and quality. ”. Subscribe Here!

Project management 80

Project management supply chain software solutions Management supply chain budgeting 80

Procurement Software

JANUARY 23, 2024

At the same time, it also provides AI-powered management of contractual obligations and deliverables. It supports them in budgeting, requesting, and ordering articles and services for their business, while benefiting from better purchasing conditions. It simplifies contracts, making them easy to understand, manage and interact with.

Procurement 52

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

IBM Supply Chain Blog

FEBRUARY 16, 2023

Last year, as life sciences organizations were consumed by the recovery from COVID-19, their focus had to shift rapidly to mitigating supply chain constraints, labor and skill shortages, and by the end of the year, inflationary pressures—all of which were exacerbated by the Russia-Ukraine war.

Innovation 40

Innovation Strategy Supply Chain Efficiency supply chain budgeting 40