World of Procurement blog

APRIL 23, 2024

In today's fast-paced business environment, procurement plays a crucial role in determining a company's efficiency, cost-effectiveness, and competitive edge. A significant driver of this evolution has been the integration of advanced technologies into procurement processes. Types of Technology Transforming Procurement 1.

Supply Chain Efficiency 52

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

SCMDOJO

JULY 24, 2023

Contract Logistics is a critical aspect of the supply chain that often remains behind the scenes but plays a significant role in ensuring the efficient movement and management of goods. Read More: 6 Logistics KPIs Attributes That are Essential ] What is Contract Logistics?

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Supply Chain Game Changer

SEPTEMBER 5, 2022

Supply Chain Visibility – An Overcomplicated Challenge! A recent Deloitte survey estimated only 15% of CPO’s have visibility beyond their tier one suppliers. I found this striking that there is so little multi-tier Supply Chain visibility. Visibility comes at a cost – one we’ve spoken about before: trust.

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Supply Chain Visibility Real-time Visibility Supply Chain Efficiency supply chain budgeting 95

SCMDOJO

APRIL 29, 2024

It encompasses activities such as procurement, supplier selection, and evaluation. Efficient transportation systems minimize delays, reduce costs, and ensure timely delivery to customers. Accurate demand forecasting enables businesses to optimize production levels, reduce inventory costs, and meet customer expectations.

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Supply chain management Supply chain management Agile and Lean Supply Chain Supply Chain Optimization 63

Let's Talk Supply Chain

DECEMBER 4, 2023

Guest Bio: Cris Ferregur, Vice President of Business Development at SDI, champions the needs of facilities management, plant maintenance, and procurement professionals, delivering significant year-over-year cost savings and improved ROI. IN THIS EPISODE WE DISCUSS: [06.05] An introduction to Chris, and his journey with SDI.

Supply Chain Optimization 52

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

Procurement Tactics

NOVEMBER 14, 2022

33 Procurement Interview Questions in 2022. There are various discrete elements of a supply chain which include procurement, order management, inventory management, warehousing, carrier partnerships, and more. . Additionally, it refers to the way managers handle the inbound and outbound logistics of goods.

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Retail Supply Chain Supply Chain Optimization Supply Chain Efficiency Supply chain 190

Spend Matters

JANUARY 30, 2023

Categories: Procurement Strategy & Planning , Supply Chain Visibility Tags: PRO This Spend Matters PRO Vendor Analysis provides an overview of Portcast and its solution for cargo tracking. It is a data-first company that prides itself on near-instant updates and exceptional logistics visibility. Read more. )

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Una

NOVEMBER 28, 2022

Three Steps to Making an Impact When Starting a New Procurement Role. Now, I know settling into a new role can take a little time, so I don’t want you to feel under any pressure to make any significant impact straight away. Make an impact right away when starting a new procurement role. Step 1: Gain visibility of spend data.

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Spend Matters

JUNE 19, 2023

This Spend Matters series takes a look at the state of procurement technologies in the market today and whether they meet user demands. In this article, our analyst Xavier Olivera looks at E-Procurement. In this article, our analyst Xavier Olivera looks at E-Procurement. What does an E-Procurement solution do?

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Skill Dynamics

AUGUST 25, 2022

As an integral part of supply chain management, logistics plays an important role to keep the supply chain strong by planning, implementing, and controling the flow and storage of goods and services to meet customer’s requirements. When freight volume grows and transportation becomes more complicated, the need for logistics management rises.

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Let's Talk Supply Chain

JULY 24, 2022

Unilog specializes in global fulfilment and mission-critical logistics services. Their flexible, customized supply chain solutions, based on best practices and expertise, work seamlessly with internal client operations to ensure time-definite delivery wherever and whenever necessary. This is why they buy supply chain as a service.”.

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IBM Supply Chain Blog

FEBRUARY 19, 2024

Why supply chain management matters Supply chain management involves coordinating and managing all the activities involved in sourcing , procurement, conversion and logistics. Advanced software tools can automate some parts of forecasting, providing real-time updates and alerts when inventory levels are too high or low.

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supply chain software solutions Supply chain management Supply chain management Supply Chain Efficiency 88

Spend Matters

JUNE 19, 2023

This Spend Matters series takes a look at the state of procurement technologies in the market today and whether they meet user demands. In this article, our analyst Xavier Olivera looks at Procure-to-Pay solutions. In this article, our analyst Xavier Olivera looks at Procure-to-Pay solutions.

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Procurement Real-time Visibility Purchasing Inventory 79

ivalua

MAY 30, 2022

Digital supply chains use one integrated network for all relevant supply chain partners, including procurement, suppliers, service providers, and even customers. The financial benefits include greater profitability, reduced costs, accelerated time-to-market, and faster time-to-delivery. .

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Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain Supply Chain Optimization 130

Una

JANUARY 17, 2023

Zero visibility of the risks their ships faced, from storms to piracy and political instability, rendered those on shore helpless to intervene. That is why the most important gains in supply chain technology have been in the area of visibility. But that is not the only area where technology is rapidly evolving. Smart contracts.

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Empowering CPO

JULY 5, 2023

Introduction Welcome to our exploration of a fascinating convergence shaping the future of business operations: the intersection of technology and managed procurement services. Before we dive in, let’s first set the stage by discussing EmpoweringCPO, a leader in the field of managed procurement services.

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Supply Chain Efficiency Management Procurement Real-time Visibility 52

SCMDOJO

AUGUST 16, 2023

The company has implemented sophisticated barcode scanning and point-of-sale systems to collect real-time data from its stores. By employing these technologies, Walmart gains valuable insights into customer buying behavior, sales trends, and inventory levels.

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Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization Supply chain 74

Let's Talk Supply Chain

AUGUST 28, 2022

Cargo Chief enables 3PLs and freight brokers to expand their carrier network, gain visibility into real-time pricing, and streamline their processes. And we serve everything up on our project and procurement software… for an easier way to book freight.”. We solve some of the industry’s biggest issues….

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Empowering CPO

MAY 5, 2023

Procurement’s Role in Driving Business Success Procurement, often viewed as a behind-the-scenes function, plays a critical role in a company’s success. It is responsible for managing the entire process of acquiring goods and services, from identifying suppliers to ensuring timely deliveries.

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Procurement Tactics

MARCH 27, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Supply Chain Forecasting — Everything You Should Know Supply chain forecasting is about making predictions from both past and present information. However, this approach is very time-consuming and costly.

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Skill Dynamics

OCTOBER 19, 2023

A generic approach to training is not the solution to the increasing range of challenges facing procurement teams. This means that skills enhancement across wider roles is required for procurement professionals, with a focus on role-specific learning. Alongside these skills, attention to detail and communication skills are paramount.

Supply Chain Optimization 52

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

Procurement Tactics

JUNE 8, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Warehouse Automation — Transforming Warehousing Warehouse automation helps businesses to increase productivity and accuracy in their warehouses. However, what is it?

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Una

APRIL 23, 2024

The research found that AI-enabled supply chain management allowed early adopters to improve: Forecasting errors reduced by up to 50% Logistics costs improved by 15% Inventory levels by 35% Service levels by 65%. Route optimization & logistics planning Cost savings, faster delivery times, and happier customers?

Supply chain management 52

Supply chain management Supply chain management Supply Chain Optimization Supply Chain Efficiency 52

The Network Effect

AUGUST 21, 2015

Today I want to discuss inbound logistics requirements. Earlier we discussed the fact that the “procure to pay” business transaction cycle includes transportation events such as tendering, pick up, in transit, dock scheduling and deliver along with full track and trace. And this isn’t limited to process execution.

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Arkestro

MAY 9, 2022

Predictive Procurement Orchestration (PPO) is the future of procurement. The goals of procurement in an organization used to be relatively simple. Ensure your company has a steady supply of what it needs to produce its end product on time and at the lowest possible price. Why do we say that? Things continued to evolve.

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

Procurement Software

MARCH 11, 2022

Not many people outside of our profession understand what is Procurement and what we do. Thus, it’s not surprising that investment into digital procurement tools has been behind tech investments into other departments over the past 20 years. Procurement tools will plug those leaky holes in your spend with external suppliers.

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supply chain software solutions Procurement Real-time Visibility Raw materials 52

Procurement Software

MARCH 11, 2022

Not many people outside of our profession understand what is Procurement and what we do. Thus, it’s not surprising that investment into digital procurement tools has been behind tech investments into other departments over the past 20 years. Procurement tools will plug those leaky holes in your spend with external suppliers.

supply chain software solutions 52

supply chain software solutions Procurement Real-time Visibility Raw materials 52

Spend Matters

OCTOBER 10, 2022

Categories: Accounts Payable , Procurement Systems & Architecture Tags: PRO This Spend Matters PRO Vendor Analysis provides an overview of the AP automation vendor OpenEnvoy and its real-time AP automation solution. This can lead to unnecessary spend and can limit visibility of invoice records.

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Supply Chain Game Changer

JUNE 30, 2022

The Importance of a Strong Supply Chain and Logistics Strategy! Demand planning enables businesses to stock the proper amount of inventory and maintain correct inventory levels. The use of strategies like Just In Time (JIT) inventory management and other lean manufacturing approaches are useful in meeting and adapting to demand.

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Procurement Software

APRIL 25, 2023

This blog post is based on a video interview I gave about digital procurement back in January in Dubai with Dr. Muddassir Ahmed of SCMDOJO. Why procurement technology’s growth is not with enterprise suites Procurement technology is no longer the sole preserve of large enterprises. So what went wrong?

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supply chain software solutions Procurement Real-time Visibility supply chain budgeting 52

Spend Matters

FEBRUARY 13, 2023

The company achieves this by using an advanced Al paired with real-world, in-the-moment perspectives from a proprietary network of partners that deliver insights down to the bill of material level. The last few years have put the word “supply chain” in the headlines as so-called supply chain disruptions and shortages have impacted everybody.

Risk management 73

Risk management Supply Chain Optimization Risk Supply chain 73

SCMDOJO

MAY 2, 2024

Ensuring Business Continuity: Supply chain disruptions can have far-reaching consequences, affecting logistics, suppliers, and workforces. Visibility and Traceability: Having real-time visibility and traceability across the supply chain enables organizations to identify disruptions promptly and make informed decisions.

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NLPA (Next Level Purchasing Association)

DECEMBER 14, 2022

Flawed or outdated Technology and Equipment that limits visibility. Inefficient Logistics and Business Metrics. Making warehousing and logistics two critical disciplines, core competency. Logistics Excellence and Business Metrics : Mastering the science of creating logistics networks that are slim trim and efficient.

Agile and Lean Supply Chain 52

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

Empowering CPO

JULY 16, 2023

Introduction Brief Explanation of Managed Procurement Services In today’s interconnected business world, the seamless acquisition of goods and services is paramount to the smooth operation of any organization. This is where managed procurement services come into the picture.

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Empowering CPO

JUNE 30, 2023

At the heart of this revolution lies a powerful tool that many companies are now leveraging to achieve competitive advantage: Managed Procurement Services. As the name suggests, Managed Procurement Services involves the strategic outsourcing of procurement processes to expert providers. This is where EmpoweringCPO stands apart.

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

EazyStock

SEPTEMBER 25, 2018

In today’s competitive business environment, getting the correct products to the right place at the right time via the most cost-effective manner is paramount for your business’ success. Logistics & Supply Chain Mobile Applications Top 12. BooksyBiz – Appointment Booking.

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SCMDOJO

JUNE 6, 2023

When businesses align production and procurement schedules with demand, they optimize their supply chain processes. They can avoid bottlenecks and inventory shortages. Inventory Optimization As we’ve already stated, an optimized inventory is crucial to balancing costs and keeping customers satisfied.

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