article thumbnail

Procurement 101: Your Essential Guide to Strategic Sourcing

World of Procurement blog

Value-add : Procurement aims to add value by optimizing processes, consolidating spend, and building supplier relationships. Order Fulfillment Once a contract is signed, the supplier begins delivering goods or services as per the agreement. Buy fair trade, organic, and locally sourced goods whenever possible.

article thumbnail

How automated fulfillment delivers for your business

Strategic Sourceror

Instead of each of these processes being done manually, automated fulfillment leverages technology to perform them all faster, more accurately and with greater efficiency. What companies are using automated fulfillment? Automated fulfillment resources help to hasten delivery while lowering costs.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

5 Best Logistics Books for Beginners

Supply Chain Opz

However, most logistics/supply chain managers will have to spend some years in various functions to gain the cross-functional knowledge. In Search of Best Logistics Books In order to help you develop your skills, we would like to introduce you to the best logistics books to keep within reach. Reference - Flöthmann, C., &

article thumbnail

The Intelligent IBP Manifesto – key principles for a new planning paradigm

Supply Chain Trend

We will decide and response faster in our supply chain and make higher quality operational and strategic decisions. I believe that soon enough it will become a must to provide new roles to young graduates for them to be interested in working in supply chain. So, there are many possible approaches.

article thumbnail

The 10 Hottest German Procurement Startups

Procurement Software

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. This helps to optimize designs towards lower cost and eliminates waiting times for supplier quotations.

article thumbnail

The Reality of Automation in Procurement!

Supply Chain Game Changer

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. Email Address.