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Why Predictive Procurement in Health and Pharma is the Future

Arkestro

At the same time, digital acceleration and the need for agility have expanded the role of procurement and finance from cost-management functions to broader champions of risk management, strategic decision making, and business agility.”. . We all remember the early days of the pandemic and shortages in critical medical supplies.

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The Impact of Digital Transformation on Spend Analysis

Empowering CPO

Traditional approaches to spend analysis relied heavily on manual processes and limited data visibility. Data Integration and Visibility: Connecting disparate data sources, such as procurement systems, supplier databases, and financial records, to create a centralized and holistic view of procurement activities.

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Innovative Procurement Models: Exploring Different Approaches

Empowering CPO

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.

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4 Key Trends Reshaping Manufacturing Procurement in 2024

Arkestro

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. Reduce complexity.

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The Resilient Supply Chain! Passing Fad or Long Term Strategy?

Supply Chain Game Changer

Just saying you want to have a resilient Supply Chain doesn’t accomplish anything. According to mixmov.io , “Supply chain resilience is a supply chain’s ability to be prepared for unexpected risk events. Stuff happens, and it happens all the time.

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IBM Connected Trade Platform helps power the digitization of trade and supply chain financing

IBM Supply Chain Blog

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.