Procurement Tactics

DECEMBER 21, 2022

The complexity of today’s supply chain makes it more prone to severe impacts from disruptions, just like what happened at the start of the pandemic. . Due to this, many organizations have put supply chain resilience as a top priority. Examples of Collaborative Efforts by Huge Companies.

Collaboration 199

Collaboration Supply Chain Optimization Supply Chain Efficiency Supply chain 199

Spend Matters

OCTOBER 24, 2023

Here’s how Onventis describes itself: “We are pioneers in cloud-based solutions, transforming purchasing and finance processes since 2000. Our commitment to innovation in the digital transformation of procurement processes is unwavering. Supply chain resilience is becoming increasingly critical.

Procurement solutions 88

Procurement solutions Supply Chain Efficiency Procurement supply chain software solutions 88

ivalua

FEBRUARY 24, 2021

The release includes a broad set of innovations to help organizations better manage their spend and suppliers. The release also adds or deepens integrations with Ivalua’s growing partner ecosystem to improve decision-making and optimize the purchasing experience for users. Sourcing Innovations: .

Supply chain resilience 100

Supply chain resilience Supply Chain Efficiency Innovation Supply Chain Optimization 100

ivalua

MAY 30, 2023

By ensuring that the right goods and services are purchased at the right price and delivered on time, procurement can help to ensure that a company or organization achieves its goals. With more resources at their disposal, local talents can create innovative solutions that can further transform the regional economy.

Eprocurement 49

Eprocurement Procurement Supply Chain Efficiency Supply chain resilience 49

Supply Chain Game Changer

MAY 5, 2021

Now, the top Supply Chain professionals are those who can find those efficiencies, while providing a strong customer experience that safeguards the company’s brand. But in the post-COVID-19 world, with its renewed focus on resilience, it looks like more organizations might be listening. Then came COVID-19. But what do you think?

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Supply chain Strategy 52

ivalua

DECEMBER 14, 2020

What we learned about agility and resilience can be applied to future-proof the source-to-pay (S2P) process and help organizations meet any new challenge with confidence. Resilience and that ability to react quickly to change makes Procurement a much more strategic part of the organization, than if they focus only on reducing costs,” he said.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain software solutions supply chain budgeting Procurement 130

Supply Chain Game Changer

APRIL 15, 2020

When I hear the word startup I think instantly of tech, innovation, market expansion, disruption, new products, and exciting opportunity. What I’m getting at is… don’t be afraid to be an early adopter or co-innovator. Do your thoughts align with that mental picture described above? Publications.

Procurement 90

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Supply chain 90

Zycus Cognitive Procurement

JANUARY 24, 2023

Procurement professionals who can define, execute and implement strategic planning processes are required for resilient and innovative procurement functions. Key processes to automate include contract management, vendor management, invoicing, purchase orders, purchase requisitions.

Procurement strategies 52

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

Arkestro

JANUARY 4, 2023

But if there’s one advantage, it’s that crisis creates change and the potential for innovation. At the same time, they’ll need to watch and prepare for future economic downturns and supply chain disruption. Disruptions became so common Collins Dictionary named 2022’s word of the year permacrisis.

Supply Chain Optimization 104

Supply Chain Optimization Procurement team Agile and Lean Supply Chain Supply Chain Efficiency 104

IBM Supply Chain Blog

SEPTEMBER 20, 2021

Supply chain pundits from industry and academia point out that it is possible for businesses to strike a balance between just in time and just in case. In this blog, let’s explore best practices that drive supply chain resiliency with this definition at the core. Why is supply chain resiliency important?

Supply chain resilience 52

Supply chain resilience Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization 52

Empowering CPO

JUNE 30, 2023

Procurement is no longer just about sourcing goods and services; it’s about creating strategic alliances, driving innovation, and adding value to the organization. Our solutions are not just about reducing costs; they’re about creating value, fostering innovation, and driving business growth.

Management 40

Management Procurement Supply Chain Efficiency Supplier relationship management 40

Empowering CPO

JUNE 9, 2023

It is the process of sourcing, negotiating, and purchasing the goods and services a business requires to carry out its operations. This can range from raw materials for production, to office supplies, to strategic partnerships. Examples include cost savings, cost avoidance, and purchase price variance. Introduction A.

Procurement 52

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Quality 52

Arkestro

JULY 18, 2022

One of the most critical lessons learned during the global pandemic and its aftermath has been the importance of supply chain resilience. The good news is that these two goals are not mutually exclusive—in fact, sustainability can be a big part of building a more resilient supply chain. .

Supply chain resilience 52

Supply chain resilience Sustainability Supply chain Supply 52

ivalua

MAY 31, 2022

Conversely, some Procurement departments have discovered that non-strategic suppliers, or even tier two suppliers, offer them innovative solutions to alleviate the shortage. Learn to manage and control your suppliers to improve your purchasing efficiency and expand your supplier base. . Learning from Supplier Relationships.

Suppliers 246

Suppliers Supplier relationship management supply chain software solutions Agile and Lean Supply Chain 246

Supply Chain Trend

AUGUST 13, 2020

It also requires a clear understanding of the environment in which the organization operates, so scenario planning must go extend beyond the enterprise to encompass value-chain dynamics and end-to-end supply chain resilience. Decisions from an IBP meeting need to be made in the light of the company’s vision and strategy.

supply chain software solutions 147

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

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. Organizations can leverage spend analysis data to assess supplier performance, identify opportunities for collaboration and innovation, and nurture long-term partnerships.

Real-time Visibility 40

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

IBM Supply Chain Blog

JUNE 30, 2023

These healthcare industry supply chain issues are equally urgent, and each require immediate attention. The good news is, it’s possible to alleviate these perilous pain points by building healthcare supply chain resilience. Doing so streamlines purchasing power and optimizes inventory management.

Supply Chain Efficiency 87

Supply Chain Efficiency supply chain budgeting Real-time Visibility Supply Chain Optimization 87

Arkestro

NOVEMBER 7, 2023

Or, it can finally elevate itself into a strategic value-add, driving innovation across more than procurement functionalities alone. When Procurement Drives Innovation: Two Johnson & Johnson Pandemic Wins During the COVID-19 pandemic, Johnson & Johnson was one of the foremost creators of an accelerated vaccine against COVID-19.

Procurement 52

Procurement Supply Chain Efficiency Innovation Procurement team 52

IBM Supply Chain Blog

FEBRUARY 9, 2023

The journey to more resilient and intelligent supply chains begins with enterprise modernization. IBM Consulting is uniquely positioned to help clients digitally transform by combining innovative ways of working with leading technologies and leveraging multidisciplinary IBM industry experts.

Supply Chain Efficiency 40

Supply Chain Efficiency Supply chain Supply Sustainability 40

Supply Chain Game Changer

MARCH 18, 2021

This means piloting new technology, expanding spending on R&D, driving supplier-led innovation projects, and more! Interestingly enough (as seen in the figure below), 47% percent of respondents in the 2020 Deloitte CPO Flash Survey said they are planning to expand their overall supply base, while 25% of respondents plan to consolidate.

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Procurement team Procurement supply chain budgeting Agile and Lean Supply Chain 61