World of Procurement blog

APRIL 23, 2024

Welcome to the fascinating world of supply chain management (SCM)! What Is a Supply Chain? At its most basic, a supply chain is a system consisting of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer. What Is a Supplier?

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Procurement Tactics

MAY 8, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter CPFR in Supply Chain — Everything You Should Know CPFR in supply chain allows both businesses and suppliers to fulfill customer demand. However, what is it? What is CPFR?

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Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Supply chain 200

NLPA (Next Level Purchasing Association)

APRIL 8, 2024

The globalized world relies on efficient and well-coordinated supply chains. Understanding this distinction is essential for anyone entering the procurement, purchasing, or supply chain field. It ensures the smooth and efficient flow of physical goods from one point in the supply chain to another.

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Empowering CPO

JUNE 30, 2023

Introduction In the dynamic world of business, the ability to effectively manage and optimize supply chains has emerged as a critical success factor. At the heart of this revolution lies a powerful tool that many companies are now leveraging to achieve competitive advantage: Managed Procurement Services.

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

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.

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

IBM Supply Chain Blog

FEBRUARY 19, 2024

In today’s complex global business environment, effective supply chain management (SCM) is crucial for maintaining a competitive advantage. Here’s how companies are using different strategies to address supply chain management and meet their business goals.

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supply chain software solutions Supply chain management Supply chain management Supply Chain Efficiency 86

Procurement Tactics

JANUARY 8, 2023

33 Procurement Interview Questions in 2023. Sustainable Procurement Analysis — The Ultimate Guide. Procurement analysis is used to collect and analyze data for businesses to gain insights and make informed decisions. In this article, we will discuss what sustainable procurement analysis is. Download Whitepaper →. .

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Sustainability Procurement Agile and Lean Supply Chain Supply Chain Optimization 207

SCMDOJO

JUNE 21, 2023

The Supply Chain as a Service (SCaaS) market has experienced significant growth in recent years, with even greater potential ahead. SCaaS is a technology-driven approach to managing supply chains, offering comprehensive end-to-end solutions for businesses. Let’s delve into this emerging concept.

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NLPA (Next Level Purchasing Association)

MAY 8, 2023

Supply chain visibility is essential for successful procurement, as it enables businesses to proactively manage risks and optimize their supply chain. By having a clear view of their entire supply chain, businesses can identify potential issues and take steps to mitigate them. million in 2015.

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

Procurement Tactics

AUGUST 15, 2022

33 Procurement Interview Questions in 2022. Supply Chain Planning — The Ultimate Guide of 2022. Supply chain planning helps organizations to meet customer demands efficiently. However, to achieve this, you will need to have effective supply chain planning. . What is Supply Chain Planning?

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SCMDOJO

MARCH 15, 2023

If you are in the supply chain industry, you are probably well aware of the constant need to optimize processes and improve communication between stakeholders. And one of the most promising innovations in recent years is ChatGPT for supply chain. If you are not familiar with ChatGPT, don’t worry!

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IBM Supply Chain Blog

FEBRUARY 13, 2024

In this age of supply chain disruptions that hold the power to upend entire industries, strength and resilience across the entire value chain is no longer a nice-to-have—it’s a survival tactic. They also factor in how a strong partnership could reduce supply chain risk and advance sustainability.

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Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 84

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.

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

Arkestro

DECEMBER 5, 2022

With globalization, raw materials may come from across the globe. Then the pandemic happened, challenging procurement in new ways. While 2020 was a transformative year for procurement in the food industry, the following years have brought their own challenges. Raw Materials Shortages.

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Raw materials Procurement Agile and Lean Supply Chain Supply Chain Optimization 98

Procurement Tactics

JUNE 19, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter AI in Logistics — The Ultimate Guide Artificial intelligence is rapidly revolutionizing industries and logistics is not an exception. Do you want to improve inventory management, or optimize routes?

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

Arkestro

JANUARY 18, 2023

Chemical manufacturers turn an array of raw materials—gas, minerals, metals, and more—into countless products used in everyday life. Predictive procurement is the key to securing raw materials at the right price and time. This means procurement will need to be innovative.

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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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Inventory Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 170

Procurement Tactics

SEPTEMBER 14, 2022

33 Procurement Interview Questions in 2022. Sustainable logistics , also known as green logistics, refers to the processes and practices aimed at improving the sustainability of supply chain activities. These activities range from the supply of raw materials to the distribution and the management of the lifecycle of products. .

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Positive Purchasing

JUNE 14, 2023

Jonathan O’Brien joins Art of Procurement for a discussion on Driving Sustainability Through Direct Materials Sustainability is a hot topic right now, but implementing sustainability initiatives and knowing where to start is a challenge many are facing.

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Spend Matters

JULY 25, 2022

Categories: Procurement Strategy & Planning , Procurement Systems & Architecture , Solution Providers , Source to Pay , Spend Management , Supply Management , Technology Tags: PRO I attended Coupa’s annual Inspire conference this year and was excited to finally attend a large event rather than just small meetings with clients and colleagues.

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Una

OCTOBER 12, 2023

Understanding Offshoring, Onshoring, Nearshoring, and Rightshoring in Procurement Explore the nuances between offshoring and other approaches to procurement and how each one can impact the bottom line, supply chain resilience and overall strategic objectives.

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Procurement Templates

MARCH 3, 2024

Check out my other page on s trategic sourcing A procurement assessment of needs is a systematic evaluation conducted by organizations to determine their requirements for goods, services, or works. This assessment aims to identify what the organization needs to procure to fulfill its objectives effectively and efficiently.

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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. Logistics management creates visibility into a company’s supply chain.

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SCMDOJO

SEPTEMBER 18, 2023

In the dynamic landscape of supply chain management, precise terminology is paramount. Whether you’re a seasoned procurement professional or just stepping into the world of sourcing and acquisitions, understanding the nuances of procurement synonyms can make all the difference.

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Spend Matters

JANUARY 2, 2024

After the last few tumultuous years, procurement teams are still facing steep challenges in getting ahead of supplier and supply chain risks. Some organizations have opted to invest in new, more robust supplier and third-party risk management (TPRM) systems, while others are optimizing their existing systems.

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NLPA (Next Level Purchasing Association)

JANUARY 10, 2024

In today’s eco-conscious world, the pressure to “go green” isn’t just a whisper on the wind – it’s a thundering roar echoing through boardrooms and supply chains alike. And at the heart of this green revolution lies a powerful tool: green procurement. Fear not, eco-warriors! Fear not, eco-warriors!

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Arkestro

JULY 6, 2023

Resources / Blog / Driving Cost Savings & Efficiency with Predictive Procurement Orchestration for Automotive Driving Cost Savings & Efficiency with Predictive Procurement Orchestration for Automotive The ripple effects of the COVID-19 pandemic are still rearing their ugly head in the automotive industry.

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Arkestro

NOVEMBER 14, 2023

Resources / Blog / Procuring Thanksgiving Dinner: What’s on the Table for the Food and Beverage Industry Procuring Thanksgiving Dinner: What’s on the Table for the Food and Beverage Industry Thanksgiving is one of the most important holidays for the food and beverage industry in the U.S. Last year, the holiday brought in $2.8

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supply chain budgeting Food and Beverage Supply Chain Supply Chain Optimization Procurement 52

SCMDOJO

JANUARY 26, 2024

Embarking on a journey to elevate your supply chain career requires a strategic roadmap, and in this blog post, we unveil eleven proven strategies that will act as your compass to success. When I aimed to transition from a demand planner to a supply chain manager, I developed a five-year plan.

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Supply Chain Game Changer

OCTOBER 2, 2020

Subscribe to Supply Chain Game Changer. Over the years, digital disruption has become a norm for all industries, and supply chain businesses are not an exception. Right now, it is important to have the right technology infrastructure for your supply chain business so that you can make it future-ready.

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World of Procurement blog

APRIL 23, 2024

In the ever-evolving landscape of business, the role of warehousing within the supply chain has grown to be more pivotal than ever. As a procurement professional, understanding the intricacies of warehousing is not just beneficial—it's essential. Traditional warehouses focus primarily on storage and inventory management.

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Supply Chain Efficiency Supply Chain Optimization supply chain software solutions Order Fulfillment 52

Supply Chain Game Changer

NOVEMBER 13, 2018

When I began my career there was no such thing as “Supply Chain Management” Supply Chain was not a title to be found anywhere on any organization chart. So what exactly is the definition of “Supply Chain Management”? Interestingly there are many views on how to define Supply Chain.

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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.

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Collaboration Supply Chain Efficiency Raw materials Supplier relationship management 162

Empowering CPO

JULY 17, 2023

Introduction The pivotal role of procurement in businesses cannot be overstated. From sourcing raw materials to securing high-quality services, procurement directly influences a company’s efficiency, productivity, and financial performance.

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Procurement Supply Chain Optimization Supply Chain Efficiency Strategic sourcing 52

Arkestro

DECEMBER 12, 2022

Procurement professionals of all types face a challenging and dynamic work environment. The pandemic and resulting supply chain disruptions have added extreme pressure on the health and pharma sector to address shortages quickly and efficiently. What Are the Biggest Procurement Challenges in Health and Pharma?

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Spend Matters

OCTOBER 4, 2023

Our coverage also explores the latest thought leadership topics about procurement and supply, the technology that serves it and comparative analyses based on demos and the scoring of 500+ RFI requirements across 12 source-to-pay (S2P) categories that create our Vendor Ranking data.

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Supply Chain Game Changer

JUNE 10, 2021

Subscribe to Supply Chain Game Changer. The Disintermediation of the Supply Chain! Integrated Supply Chain Management article and permission to publish here provided by Tyrone Fisher. Most businesses are aware how important a supply chain is to operations. GET our EBOOK HERE.

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Supply chain management Supply chain management supply chain software solutions Supply Chain Efficiency 73