FourKites

DECEMBER 23, 2020

Calculating the productivity and efficiency of any operation is, at its most basic, determining the ratio of cost inputs to revenue generated. Supply chain productivity is no different. Cost control measures in supply chain efficiency should address three major areas: labor, inventory and transportation.

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. Successful strategic sourcing often results in process optimization, cost management, customer satisfaction, risk management , increased sustainability and other benefits.

Sourcing 106

Sourcing Strategy Supply Chain Efficiency e2e 106

Procurement Tactics

JUNE 28, 2023

In this article, we are going to explore what procurement tracking is, its importance in business and the tools to be used when conducting it for its efficient execution. Procurement Tracking is the process of monitoring and managing procurement activities. Procurement Tracking: Why is it Important? The key elements are typically: 1.

Supply Chain Efficiency 178

Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting 178

World of Procurement blog

MAY 8, 2024

Value-add : Procurement aims to add value by optimizing processes, consolidating spend, and building supplier relationships. Metrics : Procurement tracks savings, efficiencies, supplier performance, and risk. Mitigates risk by selecting reliable suppliers, managing supplier relationships, and ensuring continuity of supply.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Zycus Cognitive Procurement

DECEMBER 15, 2022

As we are coming to the end of the year, procurement and supply chain leaders across industries initiate their annual strategic planning process for the next year. We have shortlisted 7 C ritical T rends that will help supply chain leaders and practitioners to build a strategic blueprint for 2023 and beyond.

Supply chain management 52

Supply chain management Supply chain management Agile and Lean Supply Chain Supply Chain Optimization 52

World of Procurement blog

APRIL 23, 2024

Procurement plays a critical role in the operational efficiency and financial health of an organization. Implement Strategic Sourcing Strategic sourcing involves a methodical approach to finding, selecting, and managing suppliers. A proactive approach to risk management can safeguard against unexpected challenges.

Cost of ownership 52

Cost of ownership Supply Chain Efficiency Procurement Strategic sourcing 52

World of Procurement blog

APRIL 23, 2024

Procurement plays a critical role in the operational efficiency and financial health of an organization. Implement Strategic Sourcing Strategic sourcing involves a methodical approach to finding, selecting, and managing suppliers. A proactive approach to risk management can safeguard against unexpected challenges.

Cost of ownership 52

Cost of ownership Supply Chain Efficiency Procurement Strategic sourcing 52

Empowering CPO

JULY 2, 2023

The procurement process, which involves sourcing and purchasing goods and services, plays a vital role in ensuring businesses operate efficiently and competitively. Yet, the intricacies of this process, especially in terms of supplier management, can present a myriad of challenges. This is where our blog post comes in.

Risk management 40

Risk management Risk Suppliers Management 40

Procurement Tactics

MAY 30, 2023

Their primary responsibilities include negotiating with suppliers to obtain favorable terms and prices, ensuring the quality and timely delivery of goods and services, and managing the procurement process from start to finish. Procurement managers are professionals who have a crucial role in the success of an organization.

Management 178

Management supply chain budgeting Procurement Negotiation 178

Arkestro

SEPTEMBER 29, 2023

Autonomous procurement refers to the use of advanced technologies to streamline and optimize the procurement process. Systems use this data to automate routine procurement tasks and make informed decisions about sourcing, pricing, and supplier relationships. What is autonomous procurement? Why is autonomous procurement important?

Supply Chain Efficiency 52

Supply Chain Efficiency Innovation Procurement Supply Chain Optimization 52

Arkestro

APRIL 25, 2023

Resources / Blog / Reducing Construction Costs & Improving Sourcing Efficiency with Predictive Procurement Reducing Construction Costs & Improving Sourcing Efficiency with Predictive Procurement Construction companies face a host of challenges in the post-COVID era. from February 2020 to August 2022.

Supply Chain Efficiency 52

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

ivalua

MAY 1, 2020

The total costs, in terms of human lives, disrupted supply chains, ruined businesses and GDP impact, are still just projections in the array of charts presented daily by statisticians and data modelers. There are, however, already some clear lessons to be learned by Procurement and Supply Chain leaders.

Supply chain management 130

Supply chain management Supply chain management Agile and Lean Supply Chain Supply Chain Optimization 130

World of Procurement blog

APRIL 23, 2024

Procurement analytics is the process of collecting, processing, and analyzing data related to an organization's purchasing activities to improve efficiency, reduce costs, and provide valuable insights into supply chain operations. How to Use Data in Procurement? Descriptive analytics can help identify patterns and trends.

Procurement 52

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

World of Procurement blog

APRIL 23, 2024

Procurement analytics is the process of collecting, processing, and analyzing data related to an organization's purchasing activities to improve efficiency, reduce costs, and provide valuable insights into supply chain operations. How to Use Data in Procurement? Descriptive analytics can help identify patterns and trends.

Procurement 52

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

Procurement Leaders

DECEMBER 9, 2022

With operations all over the world, and sourcing offices in Denmark, North America and China, its supply chain is exposed to a huge scope of complex challenges, across categories of spend including agriculture, chemicals, and enzymes, among others. Finally, we work extremely closely with suppliers to reduce the impact of inflation.

Collaboration 162

Collaboration Supply Chain Efficiency Raw materials Supplier relationship management 162

Arkestro

MARCH 27, 2024

Resources / Blog / Unleashing the Power of Procurement Buyers: Delving into this Impactful Role Unleashing the Power of Procurement Buyers: Delving into this Impactful Role Buyers have always played an important role in the procurement industry, helping organizations obtain goods and maintain a careful balance of speed, cost-efficiency, and quality.

Buyers 52

Buyers Supply Chain Efficiency supply chain budgeting Procurement 52

Arkestro

FEBRUARY 20, 2024

in 2023 , even as organizations continue to grapple with talent shortages, budget cuts, supply chain issues, and global inflation. and an efficiency gap of 7.8%, which is forcing procurement teams to shift priorities and do more with less. The result? An industry productivity gap of 7.4%

supply chain budgeting 52

supply chain budgeting Supply Chain Optimization Procurement Supply Chain Efficiency 52

Spend Matters

JANUARY 8, 2024

Rapid value delivery As inflation begins to cool, the challenge for businesses in 2024 and beyond will be to systematically capture this release of prices in most areas. Amid lower growth forecasts and higher interest rates, companies continue to grapple with the challenge of swiftly optimizing working capital.

Procurement solutions 70

Procurement solutions Supply Chain Optimization Procurement Supply Chain Efficiency 70

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. Key Players In the world of contract logistics, several key players collaborate to ensure the smooth functioning of the supply chain.

Contract 91

Contract Logistics Supply Chain Efficiency Supply Chain Optimization 91

Supply Chain Opz

MARCH 6, 2015

As pressure to improve supply chain cost performance increases for many companies, the evaluation and selection of competent suppliers becomes a key concern. In this article, Professor Burcu Keskin from University of Alabama will share 7 trends that procurement and supply chain management professionals should watch.

Supply Chain Optimization 111

Supply Chain Optimization Supply Chain Efficiency Supply chain e2e 111

Arkestro

OCTOBER 10, 2023

Experts are calling this era a “great compression,” where major players in the industry are forced to digitally transform, do more with less, and place a greater emphasis on operational and process efficiencies. In April 2020, oil prices dropped from $18 a barrel to roughly -$37 a barrel , going negative for the first time ever on record.

Agile and Lean Supply Chain 52

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

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

Empowering CPO

JULY 16, 2023

Our services range from spend analysis and supplier relationship management to contract management, strategic sourcing, and e-procurement solutions. With EmpoweringCPO, your procurement processes are not just managed; they’re transformed and empowered.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

World of Procurement blog

APRIL 23, 2024

Procurement plays a crucial role in the operational efficiency and sustainability of a business. From managing supplier relationships to ensuring cost-effective purchasing, the performance of the procurement function can significantly impact a company's bottom line and reputation.

Procurement 52

Procurement Supply Chain Efficiency Procurement team Quality 52

World of Procurement blog

APRIL 23, 2024

Procurement plays a crucial role in the operational efficiency and sustainability of a business. From managing supplier relationships to ensuring cost-effective purchasing, the performance of the procurement function can significantly impact a company's bottom line and reputation.

Procurement 52

Procurement Supply Chain Efficiency Procurement team Quality 52

Supply Chain Opz

NOVEMBER 9, 2014

Companies of all sizes have been capturing the value from Global Supply Chain to increase the economies of scale and scope for years. Due to the rapid change in global business environment, managers find it difficult to gain the edge over competitors. delivery reliability”), but is that really “supply chain thinking”?

Agile and Lean Supply Chain 109

Agile and Lean Supply Chain Supply Chain Efficiency supply chain budgeting Supply Chain Optimization 109

Empowering CPO

JULY 16, 2023

Our services range from spend analysis and supplier relationship management to contract management, strategic sourcing, and e-procurement solutions. With EmpoweringCPO, your procurement processes are not just managed; they’re transformed and empowered.

Supply Chain Efficiency 40

Supply Chain Efficiency Management Procurement Supply Chain Optimization 40

Spend Matters

DECEMBER 21, 2023

AI can help create greater efficiency and value across all source-to-pay processes, including spend analysis, opportunity identification, sourcing and contract management, category management, supply relationship management and risk management.

Procurement solutions 82

Procurement solutions Procurement e2e Real-time Visibility 82

Procurement Templates

APRIL 15, 2024

Managers with advanced degrees or specialized training may employ different strategies and best practices compared to those without formal education in procurement or supply chain management. Personal Interests and Values: Personal interests, values, and beliefs can also influence procurement managers’ views.

Influencing 130

Influencing Negotiation Risk Innovation 130

Procurement Software

APRIL 23, 2024

To do this quickly and efficiently, spend analytics software is your best friend. Sure, but it won’t be very efficient and it’s prone to human error. Located in Amsterdam, Netherlands, the company leverages advanced AI technologies to enhance procurement processes, focusing on efficiency and data visibility.

supply chain software solutions 52

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

Empowering CPO

JULY 17, 2023

From securing raw materials to procuring top-tier services, these purchases directly impact a company’s efficiency, productivity, and bottom line. Through these services, businesses can leverage the provider’s expertise, technologies, and relationships to enhance the efficiency and effectiveness of their procurement operations.

Supply Chain Efficiency 52

Supply Chain Efficiency Management Procurement Supply Chain Optimization 52

Empowering CPO

JULY 17, 2023

Companies, regardless of size and industry, need to source goods and services efficiently, cost-effectively, and with an eye toward sustainability and social responsibility. Managed Procurement Services provide the much-needed support businesses require to navigate the complex procurement landscape efficiently and effectively.

Procurement 52

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

Empowering CPO

JULY 17, 2023

Companies, regardless of size and industry, need to source goods and services efficiently, cost-effectively, and with an eye towards sustainability and social responsibility. Managed Procurement Services provide the much-needed support businesses require to navigate the complex procurement landscape efficiently and effectively.

Procurement 40

Procurement Management Supply Chain Efficiency Real-time Visibility 40

Empowering CPO

JULY 5, 2023

Our offerings, from spend analysis and sourcing support to contract and supplier management, are designed to optimize procurement operations, improve efficiency, and drive cost savings. Here is where managed procurement services come into play.

Supply Chain Efficiency 52

Supply Chain Efficiency Management Procurement Real-time Visibility 52

Empowering CPO

JULY 17, 2023

Introduction In an ever-evolving business environment, successful procurement operations are key to keeping organizations efficient, competitive, and profitable. But what happens when businesses lack the resources, expertise, or time to manage procurement effectively? This is where managed procurement services come into play.

Management 52

Management Procurement Vendor relationships Supply Chain Efficiency 52

Arkestro

DECEMBER 12, 2022

The pandemic and resulting supply chain disruptions have added extreme pressure on the health and pharma sector to address shortages quickly and efficiently. Constrained supply chains and the associated shortages have resulted in mounting pressures for organizations to diversify their supplier bases.

Real-time Visibility 52

Real-time Visibility Procurement e2e Raw materials 52

Empowering CPO

MAY 31, 2023

This not only leads to improved efficiencies and cost savings but also sparks innovation and creates opportunities for growth. SRM is not a singular concept but is composed of several key components that each play a crucial role: Supplier Information Management: This involves the organized collection and processing of data about suppliers.

Supplier relationship management 52

Supplier relationship management Collaboration Suppliers Supply Chain Efficiency 52