Spend Matters

JANUARY 12, 2024

Procurement priorities will shift as budgets increase Driven by expected budget increases in 2024, procurement teams globally will make a dramatic shift in how they spend their time, placing an added emphasis on pursuing ESG goals.

Procurement solutions 86

Procurement solutions Procurement supply chain budgeting Procurement team 86

Arkestro

JANUARY 23, 2024

Procurement managers play a key role in this rapid growth, helping organizations optimize costs, negotiate favorable terms with suppliers, and ensure financial efficiency. The best procurement managers are masters of risk mitigation and budget management, while also maintaining high quality standards and a competitive edge.

supply chain budgeting 52

supply chain budgeting Management Supply Chain Optimization Procurement 52

SCMDOJO

SEPTEMBER 26, 2023

How an organization uses its available resources is one of the main priorities for leadership to determine. Warehouse Layout Optimization Once you grow to a certain level, you may need significant storage for materials and products. Supply Chain Software If you make physical goods for customers, then you have a supply chain to manage.

Supply Chain Efficiency 69

Supply Chain Efficiency Supply Chain Optimization supply chain software solutions supply chain budgeting 69

NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

Improved communication, regular performance assessments, and joint value creation efforts lead to better supplier performance, reduced risks, and potential cost savings through optimized partnerships. This results in better negotiation outcomes, improved quality, reduced costs, and enhanced overall value delivery.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

Supply Chain Game Changer

NOVEMBER 10, 2018

Supply chain collaboration is a hot topic today and no wonder: companies that collaborate effectively across the supply chain have enjoyed dramatic reductions in inventories and costs, together with improvements in speed, service levels, and customer satisfaction. Subscribe Here! Email Address.

Collaboration 66

Collaboration Supply Chain Optimization Agile and Lean Supply Chain supply chain budgeting 66

Una

JUNE 1, 2023

By strategically managing the acquisition of goods and services, they have the power to optimize costs, enhance operational efficiency , and boost overall profitability. Procurement serves as an excellent foundation for aspiring executives, providing valuable skills and experiences that can propel you towards leadership roles.

Procurement 98

Procurement supply chain budgeting Sustainability Negotiation 98

Procurement Heads

JUNE 28, 2022

According to Raconteur’s report in The Sunday Times on the Future of Supply Chain & Procurement, constant problems in the supply chain have proved a real headache for many businesses over the past two years. It is procurement and there is a lot that the procurement function can bring to the table.

Chief Procurement Officer 130

Chief Procurement Officer Supply Chain Optimization supply chain budgeting Innovation 130

SCMDOJO

JULY 18, 2023

Contract management plays a crucial role in the procurement process, as it helps ensure compliance, mitigate risks, and optimize supplier relationships. It constitutes a significant proportion of an organization’s or nation’s annual budget or expenditure.

Contract management 94

Contract management Contract Import Management 94

Arkestro

JUNE 20, 2023

You may face challenges such as choosing reliable suppliers, controlling costs, and managing orders. Research-backed procurement strategies can help CFOs achieve their goals while minimizing risk exposure across global supply chains. This is where cross-department collaboration comes into play.

Procurement strategies 52

Procurement strategies Supply Chain Efficiency Strategy supply chain budgeting 52

Supply Chain Game Changer

NOVEMBER 23, 2018

The application of advanced forecasting and planning methodologies improve inventory management in a critical, high-volume repair business, dramatically reducing costs and fulfillment cycles while improving customer satisfaction. Reduced obsolescence by 75 percent. The post A Case Study in Reverse Logistics Optimization!

Supply Chain Optimization 43

Supply Chain Optimization Logistics supply chain budgeting Supply Chain Efficiency 43

Arkestro

MAY 9, 2023

Simply put, organizations still aren’t harnessing the power of technology to its full effect — and they’re missing out on countless opportunities to optimize spending, decision-making, sourcing, and results. As an increasing number of companies prioritize cost containment, the pressure is on for procurement.

supply chain budgeting 52

supply chain budgeting Procurement Supply Chain Optimization Procurement team 52

Una

JUNE 1, 2023

By strategically managing the acquisition of goods and services, they have the power to optimize costs, enhance operational efficiency , and boost overall profitability. Procurement serves as an excellent foundation for aspiring executives, providing valuable skills and experiences that can propel you towards leadership roles.

Procurement 52

Procurement supply chain budgeting Sustainability Negotiation 52

Procurement Software

APRIL 23, 2024

Launched to help organisations achieve total spend transparency, the platform facilitates deep analysis of procurement data, covering the entire purchase-to-pay cycle. The service aims to significantly reduce process costs and improve decision-making, leading to enhanced performance metrics across procurement functions.

supply chain software solutions 52

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

Procurify

AUGUST 11, 2022

While dealing with the ongoing inflation, companies must navigate supply chain disruptions, geopolitical issues in certain markets, labour shortages and the foggy business environment caused by the pandemic. Recession planning involves cutting costs, optimizing cash flow, inventory management and foolproofing operations.

supply chain budgeting 52

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

World of Procurement blog

MAY 8, 2024

What is Supply Chain Management (SCM) Supply Chain Management (SCM) is the management of the flow of goods, services, information and finances as they move from raw materials to final product, from manufacturer to consumer. The ultimate goal of SCM is to reduce costs while satisfying customer demands.

Agile and Lean Supply Chain 40

Agile and Lean Supply Chain Supply chain management Supply chain management Supply Chain Optimization 40

SCMDOJO

MAY 18, 2023

The following is a business case highlighting the background, context and value proposition of SCMDOJO’s Expert Marketplace, a platform designed to connect businesses with specialized Supply Chain Expert Services. It is within this context that SCMDOJO’s Expert Marketplace was conceived.

Supply Chain Efficiency 101

Supply Chain Efficiency supply chain software solutions supply chain budgeting Supply Chain Optimization 101

Empowering CPO

MAY 11, 2023

Sustainable procurement has emerged as a vital approach to address environmental and social concerns while optimizing business performance. By integrating sustainability into procurement decisions, organizations can reduce waste, conserve resources, support ethical labor practices, and promote local economies.

Sustainability 52

Sustainability Procurement Supply Chain Efficiency Raw materials 52

IBM Supply Chain Blog

JUNE 30, 2023

In the healthcare supply chain, there are three main challenges pharmacies, hospitals, pharmaceutical companies and patients are facing: shortages and delays; lack of convenient and cost-effective fulfillment options; and rising counterfeiting and regulatory changes, along with a persistent need for better drug cold chain management.

Supply Chain Efficiency 87

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

Jaggaer

JANUARY 14, 2020

Whether your organization is purchasing raw steel, injection molded plastics, or fully finished office supplies and IT equipment, a st reamlined P2P system can be a game changer. By optimizing the areas where you spend the most, your compan y and organization can drive significant savings in your supply chain.

Supply Chain Efficiency 40

Supply Chain Efficiency Raw materials Supply Chain Optimization supply chain budgeting 40

SCMDOJO

MARCH 7, 2023

But in case you haven’t come across it yet, let us briefly touch on what it is and its concept regarding supply chain management and what Transactional Process Improvement Kaizen really is. The Kaizen philosophy has become popular in many industries, including supply chain management.

Agile and Lean Supply Chain 89

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Supply Chain Optimization 89

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 77

Supply Chain Visibility Real-time Visibility e2e supply chain software solutions 77

SCMDOJO

FEBRUARY 29, 2024

It is arguably true that supplier performance management is considered a business practice for measuring, analyzing, and managing supplier performance to reduce cost, and risk and also drive continuous improvement. Managing and optimizing a supplier’s performance is as essential as it is difficult. How is it possible?

Suppliers 55

Suppliers Management Quality Import 55

Claritum

SEPTEMBER 27, 2018

The NfP also has a greater focus on adding social value to a supply chain. At the same time, a majority of NfP organizations would see their performance in terms of their efficiency in deploying resources: this relates to the optimal use of resources to obtain the results desired. In selecting suppliers. 3 Financials.

Supply Chain Efficiency 36

Supply Chain Efficiency supply chain budgeting Procurement Ethics 36

Jaggaer

OCTOBER 8, 2019

For this to happen, procurement professionals must make a stronger case to the organization’s leadership to demonstrate the value it can deliver. With budgets not growing at an adequate pace, or even shrinking, procurement cannot deliver the value that digital transformation promises. 4) The “Day of Digitalization”.

Procurement 40

Procurement e2e Agile and Lean Supply Chain supply chain software solutions 40

Procurify

JUNE 8, 2022

As businesses grow and scale, oftentimes, so does their supply base and the number of suppliers they work with. As you grow, you want to optimize your supply base. According to Industry Star, most businesses spend 80 percent of their cost of goods sold (COGS) with just 20 percent of their suppliers. .

Supply Chain Optimization 52

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

SCMDOJO

DECEMBER 14, 2023

READ MORE ON: “STRATEGIC SOURCING VS. PURCHASING – 7 KEY DIFFERENCES” at our website SCMDOJO! Here, the agency seeks to understand the client’s specific needs, budget constraints, and quality standards. The Inner Workings of a Sourcing Agency: 1. Hire the Expert Now or Start a Chat!

Sourcing 74

Sourcing Supply Chain Efficiency Supply Chain Optimization Negotiation 74

SCMDOJO

APRIL 26, 2023

Category Management as a Strategic Procurement Function Category management is regarded as a strategic procurement function as it helps drive value for the organization, such as reduced prices and costs, supply chain risks and timescales and focusing on building supplier relationships. Team leadership and management.

Category management 77

Category management Management Supplier relationship management supply chain software solutions 77

Pipefy

AUGUST 1, 2023

In the past, that meant cutting facilities budgets or reigning in travel allowances. This operations overview, or process visibility , can reveal common areas of waste and bottlenecks that cost companies millions in time and revenue each year. Businesses must set cost objectives at the creation stage of their operations strategy.

Strategy 52

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

Planergy

SEPTEMBER 12, 2023

Vertical Integration: By taking control of different stages of the production or distribution process, businesses can gain supply chain control, reduce costs, increase efficiency, and differentiate their products and services. What is Horizontal Integration?

Supply Chain Efficiency 52

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

Empowering CPO

JUNE 14, 2023

When performed adeptly, it can lead to optimal business outcomes, fostering solid relationships with suppliers, ensuring quality and timely delivery, and aligning costs with budget constraints. The role of a procurement professional, sometimes known as a purchasing agent or supply chain manager, is crucial in any organization.

Negotiation 40

Negotiation Strategy Procurement Import 40

Pipefy

MAY 9, 2023

Build a more efficient and connected procure-to-pay process with The Definitive Guide to P2P Optimization Importance of procurement KPIs Procurement has evolved over the years from transactional functions (now associated with purchasing) to encompass strategic activities focused on maximizing and creating value for a business.

Procurement 52

Procurement Real-time Visibility supply chain budgeting Procurement team 52

Supply Chain Trend

NOVEMBER 27, 2016

To get some answers for S&OP practitioners, Niels van Hove from Supply Chain Trend interviewed a group of S&OP leaders. Supply Chain Trend will publish a weekly Q&A with these S&OP leaders. To get some answers for S&OP practitioners, Supply Chain Trend interviewed a group of S&OP leaders.

supply chain software solutions 100

supply chain software solutions supply chain budgeting Supply Chain Optimization Leadership 100

Zycus Cognitive Procurement

JANUARY 31, 2023

A strong collaboration between the purchaser and suppliers can result in lower costs and better quality products, while driving innovation. Reduced costs: Effective supplier relationship management brings a range of benefits to businesses. This streamlining enables more accurate forecasting of budgets over time.

Supplier relationship management 40

Supplier relationship management Suppliers Management Supply Chain Efficiency 40

HICX

FEBRUARY 2, 2023

Clear communication on what the leadership expects. If it’s a small, mid-sized company, we cannot necessarily expect them to have such a big allocated budget to have their own risk mitigation plan. This basically scrapes the information and pulls that back into the purchase order system. “Then this 47%,” she continues.

Suppliers 52

Suppliers Procurement Buyers Collaboration 52