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 Inventory Management — Everything You Should Know Inventory management enables companies to ensure that they always have enough stock to fulfill customer orders. What is Inventory Management?

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Arkestro

DECEMBER 12, 2022

Procurement professionals of all types face a challenging and dynamic work environment. What Are the Biggest Procurement Challenges in Health and Pharma? Beyond procurement teams working within the constraints of profit and cost savings, lives are at stake. Supply Chain Visibility. Limited Supplier Network. Managing risk.

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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. What Procurement Challenges Do Construction Companies Face?

Supply Chain Efficiency 52

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

Procurement Tactics

JUNE 6, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Inventory Forecasting — Everything You Should Know Inventory forecasting allows you to predict when supply chains and consumer demand are going to change. However, what is it?

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IBM Supply Chain Blog

FEBRUARY 19, 2024

The pandemic and its aftermath highlighted the importance of having a robust supply chain strategy , with many companies facing disruptions due to shortages in raw materials and fluctuations in customer demand. Automation Automation can streamline supply chain operations, from order fulfillment to inventory tracking.

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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.

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

Supply Chain Game Changer

JULY 21, 2021

In supply chain, simply observing your entire supply chain in action to assess it is not possible, but with data and a reliable performance management system like The Owl, you can at-least have a real-time view of your supply chain performance through KPIs and metrics. Customer Lead Time (Service). Procurement Cost.

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Supply Chain Game Changer

NOVEMBER 9, 2021

Is Just In Time Past Its Time? And standard operating practice in the automotive industry is just-in-time delivery dynamics. At the same time demand dropped dramatically at the beginning of the pandemic. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Environmental Impacts and Market Dynamics.

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IBM Supply Chain Blog

FEBRUARY 13, 2024

Sourcing and procurement professionals operating with a strategic sourcing mindset assess a supplier’s quality, reputation and service. Organizations may also choose to vet each supplier to ensure their own sustainability practices align—from the suppliers of raw materials for production to those who provide shipping boxes.

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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

Una

APRIL 11, 2023

Advantages and Disadvantages of ERP Systems Discover the advantages and disadvantages of utilizing ERP systems to drive efficiencies and cost savings in procurement. They also typically provide analytics and reporting tools that allow managers to monitor performance and make data-driven decisions in real time.

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supply chain software solutions Real-time Visibility Supply Chain Efficiency Raw materials 98

Empowering CPO

JUNE 26, 2023

Introduction In today’s dynamic business landscape, effective procurement strategies are crucial for organizations to achieve sustainable growth and maintain a competitive edge. Data-driven Decision Making In today’s data-driven world, the role of data in procurement has become increasingly significant.

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Positive Purchasing

JULY 26, 2023

Jonathan O’Brien , CEO of Positive Purchasing , author, and global procurement thought leader, outlines an effective approach to creating a road map for embedding a sustainable procurement initiative in your business. Here it is – take some time to look at it and how it flows, then read on.

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Sustainability Procurement supply chain budgeting Supply Chain Efficiency 52

Skill Dynamics

AUGUST 25, 2022

With efficient logistics training, organizations will certainly benefit by meeting customer demand and providing a superior service on time. Another function of logistics is not only to take products to customers but also brings the raw materials needed for the manufacturing process. Good visibility.

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SCMDOJO

DECEMBER 14, 2023

Time is really important in business. Knowing how crucial time is for keeping customers happy and influencing what they buy, it’s clear that handling lead time (which means the time it takes to get things ready) is not just needed for business, but it also gives an edge in today’s competitive and complex economy.

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SCMDOJO

MARCH 15, 2023

Read More: The Challenges and Opportunities of Implementing Artificial Intelligence in Procurement ] What is ChatGPT? For instance, manufacturers can use ChatGPT to manage inventory levels by getting real-time insights into supply and demand patterns. It can also help to automate repetitive tasks in Excel using macros.

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Supply Chain Optimization Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 126

Arkestro

MAY 23, 2022

Last November, the lineup of container ships anchored off the coast of California hit 109, an all-time high. In 2021, lumber smashed all-time record prices, and home improvement stores were often sold out. The same holds true for shortages in raw materials. How Procurement Can Help Explain Supply Chain Shortages.

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Agile and Lean Supply Chain Supply chain Real-time Visibility Supply 52

SCMDOJO

JULY 24, 2023

Let’s take a closer look at these stakeholders and their roles: Shippers: Shippers are businesses that produce or procure goods and require them to be transported to their intended destinations. They play a crucial role in the supply chain by ensuring the availability of raw materials or finished products for transportation.

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SupplyShift

DECEMBER 6, 2021

In the wake of supply chain disruptions and global shortages, businesses are quickly recognizing the need for greater visibility over their supply network, from documenting the origin of material components to tracking shipments. For your supply chain map to have any real benefit, you must go beyond your direct suppliers.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Supply chain e2e 52

SupplyShift

DECEMBER 6, 2021

In the wake of supply chain disruptions and global shortages, businesses are quickly recognizing the need for greater visibility over their supply network, from documenting the origin of material components to tracking shipments. For your supply chain map to have any real benefit, you must go beyond your direct suppliers.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Supply chain e2e 52

Empowering CPO

JUNE 21, 2023

To decrease procurement costs, improve efficiency, monitor compliance, and contribute to informed, strategic decision making. It’s about automating tedious tasks, enhancing data visibility, and providing more profound, actionable insights. This is where Spend Analysis comes into play. The primary aim?

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Real-time Visibility Data Procurement Strategic sourcing 52

Planergy

JULY 5, 2022

How to gain visibility and control of your indirect spend. Ethical Sustainability & Responsibility Procurement. Getting Started with Environmental, Social and Governance Practices ESG leadership begins with the top but it can’t stay there if you want to make a real impact. Cristian Maradiaga. King Ocean. Written by.

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

Claritum

MAY 11, 2018

Claritum Article - Procurement Blog. These include access to cheap raw materials and products, tax breaks and reduced labour costs. Your business could struggle to achieve visibility of its global supply chain. Do you have visibility of a global supply chain? Do you have visibility of a global supply chain?

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Supply Chain Game Changer

NOVEMBER 19, 2018

Check out Procurement Experiences, Trends and the Future! In the book, The Living Supply Chain , the authors argue that, “Speeding up the supply chain is at the root of everything that is good: improved revenue, reduced working capital, higher profitability, and less obsolete inventory. Subscribe Here! Email Address.

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Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Supply chain 45

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. It can be due to factors such as rising wages, higher raw material prices, or increased taxes. Money buys less than before How should procurement manage inflation?

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Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

FourKites

JANUARY 7, 2021

No matter the size of your organization, the outcome is the same: supply chain operators are empowered to make quick, informed decisions without needing to waste time waiting for approvals from different layers of management. Learn more about building agility with real-time transportation visibility.

Agile and Lean Supply Chain 52

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

Arkestro

AUGUST 15, 2022

Executing an ESG strategy effectively can help your company combat the ever-rising operating expenses including raw material costs. There are four main pillars where procurement can inspire change. These insights allow you to pinpoint broken procurement habits or identify the lack of known suppliers in a specific category.

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Strategy Real-time Visibility Supply Chain Efficiency Suppliers 52

Claritum

JULY 5, 2018

Claritum Article - Procurement Blog. If you can measure it then you can manage it” This statement is so true in the procurement field. Whether you are focused on controlled growth or cost efficiencies, the ability to measure what is occurring in real time is essential to making decisions. Introduction. Conclusion.

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Supply Chain Game Changer

NOVEMBER 12, 2018

One of the main problems in a functionally organized company is that those functions over time can become isolated from each other. Organization lines and boxes on a piece of paper become actual boundaries and barriers to teamwork and productivity in real life. How many parts of your company act as independent silos?

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Planergy

JANUARY 26, 2023

How to gain visibility and control of your indirect spend. Always have another supplier for any mission-critical raw materials in case there are issues of any kind with your primary suppliers. The procurement team must always evaluate environmental risks created by contractors and suppliers.

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

Supply Chain Game Changer

JANUARY 8, 2020

We’re a recruitment company deeply specialized in the world of Supply Chain Management – which includes Procurement, Logistics, Distribution, Planning and other functions that involve bringing products from raw materials to market. None of these three communities can solve the crisis alone, but all have a part to play.

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Supply Chain Game Changer

JULY 3, 2019

But, as stakeholders in the future of tomorrow, we also have to be conscious about the necessary steps to realize sustainable impact, for real. So, what are the steps that need to be taken in businesses globally to make real sustainable impact? Businesses must serve as the champions of sustainability. Suppliers and partners.

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Procurement Tactics

SEPTEMBER 13, 2022

33 Procurement Interview Questions in 2022. From raw materials sourcing to production, storage, and delivery, it monitors if these processes may cause harm to the environment and communities. . My name is Marijn Overvest, I'm the founder of Procurement Tactics. First Name. Download Free Whitepaper ?.

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Procurement Software

MARCH 5, 2024

US procurement startups are killing it. It’s no surprise that in the home of big tech, Silicon Valley and seemingly endless VC investors, there’s a thriving and diverse procurement tech ecosystem. Let’s have a look at the who’s who in the American procurement startup space. Hot diggity dawg!

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

Procurement Tactics

JUNE 26, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Top 10 US Dropshipping Suppliers — Pricing & Reviews The US dropshipping market reached an estimated amount of $15.64 Top 10 US Dropshipping Suppliers Study Procurement Study Negotiations 1.

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