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Streamlining supply chain management: Strategies for the future

IBM Supply Chain Blog

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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Lead Time Definition – How to Calculate & Reduce it?

SCMDOJO

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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Innovative Procurement Models: Exploring Different Approaches

Empowering CPO

It’s no longer about simply obtaining goods and services at the lowest cost, but also about adding value to the organization, reducing risks, enhancing sustainability, and promoting social responsibility. These models are often accompanied by practices such as annual rate contracts, bulk buying, and just-in-time purchasing.

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A Guide to Successful Business Process Transformation 

Pipefy

Following recent events like the pandemic, the shift to non-office work models, and supply chain pressures, the demand for business process transformation has accelerated. This includes initiatives aimed at improving product development, customer experiences, and operational efficiency.

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The 25 Hottest European Procurement Startups

Procurement Software

The platform aims to provide a one stop solution for sustainable insights. Spendkey is one of few spend analytics platforms which also offer transparent pricing on their website. Weproc aims to facilitate the management of Purchase Orders and invoices through a simple and efficient interface.

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Business process management (BPM) examples

IBM Supply Chain Blog

BPM is intended to help improve the efficiency of existing processes, with the goal of increasing productivity and overall business performance. Conversely, it has a larger scope than task management, which deals with individual tasks, and project management, which handles one-time initiatives.

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Top 10 Procurement Best Practices for Modern Businesses

Empowering CPO

Importance of procurement in modern businesses In today’s fast-paced and competitive business landscape, procurement plays a crucial role in driving efficiency, cost savings, and overall success. Greater transparency: Real-time tracking of procurement activities allows for better monitoring and control of the entire process.