ivalua

FEBRUARY 27, 2023

Ivalua Spend Management Insights [ivory-search] Procurement Rising: The Silent Inflation Tax on Manufacturers February 27, 2023 | | Manufacturing by Doug Keeley Last year, the Consumer Price Index was the highest it has been in four decades, making inflation one of the most concerning macroeconomic factors facing the business world today.

Real-time Visibility 130

Real-time Visibility Procurement Agile and Lean Supply Chain supply chain budgeting 130

Supply Chain Collaborator

JUNE 4, 2020

For good or for ill, truck drivers seem to always play an integral role during these challenging times, serving as a flash point for the consciousness of America. Perhaps due to this dedication to keep cargo moving in spite of any obstacles, there is a pattern of drivers being caught in the crossfire during times of civil distress/unrest.

Real-time Visibility 108

Real-time Visibility Logistics Sustainability Price 108

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 Hubtek is a tech-enabled talent and automation solutions provider for transportation companies across North America.

Real-time Visibility 98

Real-time Visibility Price Collaboration Supply Chain Efficiency 98

Procurement Tactics

JULY 20, 2023

This integration enables businesses to have real-time visibility into order status, inventory levels, and supplier performance, enabling them to make informed decisions and respond quickly to changing market demands. This automation saves time and effort, making the procurement process more efficient.

supply chain software solutions 134

supply chain software solutions Suppliers Management Real-time Visibility 134

World of Procurement blog

APRIL 23, 2024

The procurement of materials is a vital process in supply chain management, involving the timely acquisition of high-quality goods and services at the most economical prices from reliable suppliers. Supplier Research and Selection : Finding reputable suppliers who can provide the right quality and quantity at the right price.

Procurement 52

Procurement Inventory control supply chain budgeting Real-time Visibility 52

World of Procurement blog

APRIL 23, 2024

The procurement of materials is a vital process in supply chain management, involving the timely acquisition of high-quality goods and services at the most economical prices from reliable suppliers. Supplier Research and Selection : Finding reputable suppliers who can provide the right quality and quantity at the right price.

Procurement 52

Procurement Inventory control supply chain budgeting Real-time Visibility 52

FourKites

DECEMBER 23, 2020

When creating a strategy for improving the productivity of your supply chain, you should analyze your costs within the following four areas: Staff time. Inventory, raw materials and finished goods. Real-time supply chain visibility can significantly reduce wasted time across your operations.

Supply Chain Efficiency 52

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

IBM Supply Chain Blog

FEBRUARY 28, 2024

Because organizations with strategic sourcing mindsets look beyond price and cost savings-centered supplier selection initiatives. This helps reduce errors to improve data quality and response times to questions, which improves customer and supplier satisfaction. They instead focus on continuous improvement.

Sourcing 102

Sourcing Strategy Supply Chain Efficiency e2e 102

Procurement Tactics

JUNE 19, 2023

Artificial intelligence is being used to automate routine and time-consuming work in warehouses such as packing and sorting of goods which helps to improve efficiency, reduce errors and costs. It is also used to improve the accuracy of demand forecasting, inventory management , and transportation planning.

Logistics 193

Logistics supply chain budgeting supply chain software solutions Real-time Visibility 193

Procurement Templates

JUNE 18, 2023

ChatGPT Inflation refers to the general increase in prices of goods and services in an economy over time, resulting in a decrease in the purchasing power of money. When consumers have more money to spend, they compete for limited goods, driving prices up. What is inflation?

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

Arkestro

SEPTEMBER 29, 2023

We help you save money and time, across all areas of addressable spend. Predictive Procurement Orchestration offers real-time recommendations and can even act on your behalf to ultimately save you time, reduce business risk, and decrease costs so you can find the right supplier at the right price, right now.

Real-time Visibility 52

Real-time Visibility Supply Chain Efficiency Supply Chain Optimization Bidding 52

Procurement Heads

FEBRUARY 8, 2023

Currently, wholesale gas and electricity prices have been fixed for firms from October until March 2023, but the help is under review due to the cost. One of the common themes I’m hearing from large organisations is that they are finding a lack of visibility looking ahead for energy spend.

Real-time Visibility 130

Real-time Visibility Price Negotiation Sourcing 130

Procurement Tactics

MAY 16, 2023

In a 4PL model, the external provider (also known as the lead logistics provider or LLP) manages and coordinates all aspects of the supply chain , including transportation, warehousing, inventory management, and distribution. 4PL services may also not be cost-effective for small companies due to their pricing.

Logistics 211

Logistics Supply Chain Optimization supply chain budgeting Supply Chain Efficiency 211

IBM Supply Chain Blog

SEPTEMBER 19, 2023

For a long time, there wasn’t a good standard definition of observability that encompassed organizational needs while keeping the spirit of IT monitoring intact. No advanced skillsets required, no gotchas on pricing, no lock-in due to intense upfront setups and no limits on what you can observe.

Real-time Visibility 86

Real-time Visibility Price Data Budget 86

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.

Supply Chain Efficiency 74

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

Procurement Software

APRIL 23, 2024

Located in Amsterdam, Netherlands, the company leverages advanced AI technologies to enhance procurement processes, focusing on efficiency and data visibility. What sets Mithra-AI apart is its real-time, continuous visibility of spend data, coupled with proactive alerts for opportunities and risks.

supply chain software solutions 52

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

Supply Chain Game Changer

SEPTEMBER 22, 2022

Getting the right amount of products at the right price. Spend Visibility. Spend visibility is a pretty big deal when it comes to procurement or any type of invoicing management for that matter. Transparency is a good thing when it comes to spending visibility. Real-time Spend Tracking. Choosing suppliers.

supply chain budgeting 101

supply chain budgeting Real-time Visibility supply chain software solutions Procurement 101

Supply Chain Collaborator

MARCH 26, 2018

is the latest big company to succumb to tight capacity and rising prices in shipping markets, saying its freight costs neared 20-year highs in February while spending for its ingredients was also on the upswing.” The post Food Shippers: Do This One Thing Before Hiking Prices appeared first on UltraShipTMS. General Mills Inc.

Price 60

Price Real-time Visibility Supply Chain Efficiency Logistics 60

ivalua

JUNE 29, 2021

Furthermore, the Covid-19 crisis has led to the realization that paying suppliers on time, no matter where they are, is critical to maintaining a strong and reliable supply chain and a preferred customer status. All within the same automated workflow, tightly linked to the invoice and procure-to-pay process. Notes to Editors.

Supply Chain Efficiency 130

Supply Chain Efficiency Suppliers Sourcing Real-time Visibility 130

Procurement Software

MARCH 11, 2022

If you don’t know: exactly what you’re buying; from whom; and at what quantities and unit prices; then your business is at risk and you’re leaving cash on the table. What you pay the supplier doesn’t necessarily match the price that you’re ordering goods or services at.

supply chain software solutions 52

supply chain software solutions Real-time Visibility Data Category management 52

Procurement Software

MARCH 11, 2022

If you don’t know: exactly what you’re buying; from whom; and at what quantities and unit prices; then your business is at risk and you’re leaving cash on the table. What you pay the supplier doesn’t necessarily match the price that you’re ordering goods or services at.

supply chain software solutions 52

supply chain software solutions Real-time Visibility Data Category management 52

Supply Chain Game Changer

SEPTEMBER 20, 2022

Before shippers select a carrier partner for large-scale shipping, they should first consider that carrier’s track record: does that shipper have a record of delivering on time? If the answer to these questions is anything other than ‘yes’ and ‘stellar,’ it’s time to look elsewhere.

supply chain software solutions 93

supply chain software solutions Real-time Visibility Supply Chain Efficiency Logistics 93

Procurement Tactics

MARCH 27, 2023

Although it always relates to demand and sales projections, forecasting can also be used to determine product pricing, lead times, labor needs, and more. The integration of AI into forecasting improves accuracy, saves more money, and helps businesses react to exceptions in real-time.

supply chain budgeting 192

supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 192

IBM Supply Chain Blog

FEBRUARY 13, 2024

Cost savings Selecting suitable suppliers to meet long-term business needs often results in contracts with more advantageous pricing and payment terms (like bulk pricing and reduced fees). Near-sourcing, in addition to lowering emissions, also cuts transportation costs and delivery times.

Strategic sourcing 84

Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 84

ivalua

JANUARY 13, 2021

– Spend control through real-time visibility into budget consumption, negotiated prices, preferred suppliers, engagement channels. – Process efficiency with reduced cycle times and considerably decreased errors or fraud opportunities. – Results : 30% decrease of process time.

Eprocurement 235

Eprocurement Real-time Visibility Purchase orders Budget 235

Procurement Software

MAY 16, 2023

SMEs are unlikely to see an ROI on procurement software unless it’s a lower-priced software with relatively basic functionality. The software automates workflows and approvals, manages supplier catalogues, and provides real-time analytics for better decision-making. The European Union takes a very similar definition.

Procurement 96

Procurement Purchase orders Real-time Visibility Purchasing 96

Procurement Software

MARCH 5, 2024

Multi-functional technology enables you to train anywhere at any time, while ever-learning programming allows you to experiment and practice to achieve different outcomes. LavenirAI allows you to train anywhere, any time, so you can stay at the top of your game. It promises to assist with improving buyer and supplier collaboration.

Real-time Visibility 52

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

Finale Inventory

FEBRUARY 27, 2024

Scanning a label takes a fraction of the time needed to jot down even the briefest of details – and items are immediately visible in your online system with full product details available. Cycle counting is the practice of counting a rotating subset of your inventory on a regular, frequent basis. Adopt continuous cycle counts.

Inventory 52

Inventory Management Real-time Visibility e2e 52

Zycus Cognitive Procurement

OCTOBER 20, 2022

Where the traditional view of procurement focuses on achieving the lowest possible price for goods and services, cognitive procurement is based on the premise that procurement is not just about obtaining the best possible price but also about creating value for the organization. appeared first on Zycus Procurement Blog.

Real-time Visibility 59

Real-time Visibility Procurement Procurement team Risk 59

Procurement Software

FEBRUARY 20, 2024

Feature highlights include: Easy to use five-category classifications, best in class enterprise taxonomy, the ability to gain insights from trend analysis and organisation behaviours, 100% spend visibility and proprietary machine learning algorithms designed to deliver accuracy. M&A) The solution gives you full spend visibility.

Supply Chain Efficiency 59

Supply Chain Efficiency supply chain software solutions Procurement Real-time Visibility 59

ivalua

MARCH 27, 2023

The first and most visible element of this change are the emergence of Government tax networks or Continuous Transaction Controls (CTC) systems. Europe will join Latin America, India, China, and other countries already on the path to real-time tax collection. The time is now – let’s get an action plan together!

Procurement strategies 130

Procurement strategies Agile and Lean Supply Chain Real-time Visibility Networking 130

Empowering CPO

JUNE 26, 2023

From data-driven decision making to real-time spend visibility, predictive analytics, supplier collaboration, intelligent automation, and data security, we will explore each trend in depth, shedding light on their significance and potential impact on businesses.

Real-time Visibility 40

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

Procurify

JULY 4, 2022

When this happens, a lot of time and effort is lost trying to recover the money. . You should also set up approval sequences in your e-procurement software so you can have better visibility and insights into the procurement process. According to a 2019 New York Times report , 90,000 packages disappear every day.

Real-time Visibility 59

Real-time Visibility Procurement Budget Purchasing 59

Pipefy

JANUARY 5, 2024

In the realm of business process management, it’s a solution that many organizations are adopting to address business challenges caused by rework, errors, and time-consuming and inefficient manual workflows. But imagine the time savings of 15 employees newly relieved of sending 10 confirmation emails per day.

Real-time Visibility 52

Real-time Visibility Price Data e2e 52

Arkestro

APRIL 25, 2023

The workforce shortage reached half a million this year , and many sectors continue to grapple with increased lead times, and volatile material costs. Housing construction has slowed significantly due to high interest rates, and prices of construction inputs increased 40.5% from February 2020 to August 2022.

Supply Chain Efficiency 52

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

Supply Chain Game Changer

FEBRUARY 8, 2022

Commodity and raw material shortages of every kind have delayed the manufacturing and distribution of goods across most industries, driving up prices in the process. Once admired just-in-time systems have faltered badly. One of the fundamental problems which has contributed to the current breakdowns is the sheer lack of visibility.

Supply chain 90

Supply chain Real-time Visibility e2e Supply 90

Supply Chain Game Changer

AUGUST 29, 2022

In simple terms, apps that help reps save time, simplify their day-to-day tasks, give on-the-go visibility, and offer collaboration is known as a sales app. With more time and energy available to your sales team – they can focus better on one thing – making sales. Offering sales apps is how you do it. What is a sales app?

Real-time Visibility 94

Real-time Visibility supply chain software solutions Supply Chain Optimization Supply Chain Efficiency 94