World of Procurement blog

MAY 10, 2024

This supports strategic sourcing efforts. This maximizes value from sourcing partnerships. Spend Analysis and Classification with AI AI and machine learning are transforming spend analysis and classification, providing procurement teams with unprecedented visibility into organizational spending.

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Procurement team Procurement Real-time Visibility Supply Chain Efficiency 52

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.

Buyers 52

Buyers Supply Chain Efficiency supply chain budgeting Procurement 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

SCMDOJO

MAY 13, 2022

The advent of containerization heralded a revolution in cargo handling techniques, the ramifications of which are still influencing maritime trade all over the world today. Supply Chain KPI Dashboard. Source: project44 Monthly report.

Supply Chain Optimization 83

Supply Chain Optimization Supply chain Real-time Visibility e2e 83

World of Procurement blog

APRIL 23, 2024

In today's competitive business environment, procurement isn't just a necessity; it's a strategic function that can significantly influence a company’s bottom line. Sourcing Software: Helps companies find and acquire goods and services by managing RFQs (Request for Quotations) and bidding processes.

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Procurement Supply Chain Efficiency Real-time Visibility Purchase orders 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

Arkestro

JUNE 6, 2023

Ultimately, both want the same goal — ensuring business outcomes are positive, timely, and on-budget. Purchases in Time and Budget: How many purchases are on budget and on time? Procurement Cost Reduction: How are costs being reduced over time? Emergency Purchase Ratio: How many unplanned purchases are being made?

Supply Chain Efficiency 52

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

Sustainability 52

Sustainability Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 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. Stronger supplier relationships lead to better pricing, improved service levels, and a more reliable supply chain.

Real-time Visibility 40

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

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

Arkestro

MAY 30, 2022

From April 2021’s “ A New Paradigm For Procurement ”: “As enterprises increasingly depend on an expanding and evolving supplier ecosystem, better optimization of strategic planning and procurement is paramount. Procurement and sourcing teams worked tirelessly to find solutions to disrupted supply chains.

Agile and Lean Supply Chain 52

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

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.

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Management Procurement Real-time Visibility Supply Chain Efficiency 40

The Thomas Blog

JUNE 22, 2022

Here are a few things to keep in mind if you're a manufacturer looking for more customers: Optimize Your Website To Convert New Customers. Some buyers only work with manufacturers or suppliers that have specific certifications , so make sure they're visible and up to date. The front lines of sourcing. Capabilities.

Buyers 64

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

Arkestro

AUGUST 15, 2022

ESG offers guidelines for the development of sustainable supply chain management strategies from the ground up. A robust ESG strategy can also help influence consumer preference. They can also manifest across the supply chain. Asset and Investment Optimization. Lower Costs.

Strategy 52

Strategy Real-time Visibility Supply Chain Efficiency Suppliers 52

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

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

Empowering CPO

MAY 31, 2023

Effective risk management is crucial in maintaining a stable, reliable supply chain. By understanding and managing supplier-related risks, a company can avoid disruptions and maintain a smooth, reliable supply chain. But the payoff—a stronger, more resilient, and more innovative supply chain—is well worth it.

Supplier relationship management 52

Supplier relationship management Collaboration Suppliers Supply Chain Efficiency 52

Positive Purchasing

JULY 26, 2023

Here it is – take some time to look at it and how it flows, then read on. Another crucial factor is that all key individuals have a real ownership stake in, and a common picture in their minds of, what it is and why it is important (and can articulate this in a 2-minute elevator pitch). To do this you need a plan.

Sustainability 52

Sustainability Procurement supply chain budgeting Supply Chain Efficiency 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. Real-time data and analytics.

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.

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

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. As we move into 2024, procurement teams continue to face hurdles like supply chain volatility, geopolitical tensions, budget restrictions, talent shortages, and more.

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supply chain budgeting Supply chain resilience Procurement Supply Chain Optimization 52

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

Pipefy

JANUARY 30, 2024

Improvements to existing procurement processes, procedures, and operations are as time-sensitive as ever. In the 2024 State of Procurement Data Report by Amazon Business, 95% of decision-makers surveyed acknowledge that there’s room for procurement optimization. That’s where procurement, sourcing, and purchasing technology comes in.

Agile and Lean Supply Chain 52

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

Solvoyo

MARCH 5, 2021

Remember those times when we used to stroll down the block and find local stores such as the mom-and-pop diners and get the chance to relish the coziness and sense of family environment there. Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement.

Agile and Lean Supply Chain 52

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

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?

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Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

Empowering CPO

JUNE 20, 2023

This blog post explores the pivotal role of Spend Analysis within the realm of Supply Chain Management, an area that can greatly benefit from the insights it provides. 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

Supply Chain Game Changer

SEPTEMBER 21, 2021

Subscribe to Supply Chain Game Changer. Is Just In Time Past Its Time? Most of the pre-pandemic Inventory Management strategies were centred around improving inventory turnover, keeping inventory levels as low as possible, and reducing the amount of cash tied up in inventory. Subscribe Here!

Inventory 52

Inventory Agile and Lean Supply Chain Real-time Visibility Supply Chain Optimization 52

IBM Supply Chain Blog

MARCH 30, 2023

In the wake of the pandemic and global supply chain issues, businesses have realized the importance of technology innovation to deliver truly superior retail customer experiences. But without real-time reliable views of inventory, shipments and automated order orchestration processes, retailers are unable to deliver on order promises.

Supply Chain Efficiency 88

Supply Chain Efficiency Management Agile and Lean Supply Chain Real-time Visibility 88

Empowering CPO

MAY 6, 2023

As global supply chains become more complex and interconnected, procurement professionals play a critical role in ensuring businesses remain competitive and resilient. Predictive analytics, for instance, allows procurement professionals to forecast demand, identify potential supply chain disruptions, and optimize inventory levels.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Procurement team Supply Chain Optimization 52

Supply Chain Game Changer

AUGUST 30, 2022

Subscribe to Supply Chain Game Changer. The Single Point of Failure in Supply Chain – Semiconductor Fabrication! Many businesses use some form of Total Cost of Ownership model to support their Procurement and sourcing decisions. But the reality is much different.

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Procurement Software

JANUARY 23, 2024

At the same time, it also provides AI-powered management of contractual obligations and deliverables. Matchory Matchory is a German procurement startup offering a data-driven strategic sourcing solution. This collects supplier data from a range of sources, then applies machine learning and other technologies to analyse it.

Procurement 52

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

IBM Supply Chain Blog

MARCH 22, 2023

We know how to connect and contextualize information from various sources, and how to leverage AI to translate such data into actionable insights—ones that can make a true difference in solving sustainability challenges like these.

Sustainability 83

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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

Pipefy

FEBRUARY 3, 2023

The information listed in invoices helps the accounts payable team keep track of company spending and purchase trends to better predict needs, which in turn improves the purchasing team’s sourcing and strengthens negotiation power. Less manual data entry Manual data entry is not only a time concern, it’s a risk concern.

e2e 59

e2e Management Purchase orders Real-time Visibility 59

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