World of Procurement blog

APRIL 23, 2024

Supply Chain Management (SCM) Software SCM software offers a comprehensive view of the supply chain, enabling companies to manage logistics, production, and distribution more effectively. This technology helps identify bottlenecks, optimize inventory levels, and improve supplier relationships.

Supply Chain Efficiency 52

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

Spend Matters

DECEMBER 21, 2023

In no order of preference, other than by the date they arrived in our inbox, today let’s hear from: Raj Aggarwal, Director of Product Marketing at GEP. For supplier management, AI facilitates a 360-degree view of supplier relationships spanning products/services, contracts, certifications, evaluations and performance.

Procurement solutions 84

Procurement solutions Procurement e2e Real-time Visibility 84

Spend Matters

JANUARY 29, 2024

This Spend Matters Vendor Analysis gives an updated overview of Sphera’s SCRM solution, a solution built to improve supply chain resilience by tackling both predictable and unpredictable risks. Sphera SCRM is the new name of riskmethods, an SCRM specialist that was founded in 2013 and has been extensively covered by Spend Matters.

Supply chain resilience 82

Supply chain resilience Supply Chain Efficiency Risk management Risk 82

Arkestro

JANUARY 18, 2023

Chemical manufacturers turn an array of raw materials—gas, minerals, metals, and more—into countless products used in everyday life. Consumers end up directly using some of these products, but many of the chemicals produced become critical components used by various other industries. This means procurement will need to be innovative.

Raw materials 94

Raw materials Procurement supply chain budgeting Supply Chain Efficiency 94

Procurement Tactics

AUGUST 15, 2022

It is the process of forecasting the demand for products and planning their materials and components, marketing, production, sale, and distribution. . The chance of producing and stocking sufficient inventory improves when you accurately forecast demand for a product. . Production management. Inventory management.

Supply Chain Efficiency 130

Supply Chain Efficiency Supply Chain Optimization Supply chain Supply 130

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.

supply chain software solutions 86

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

Finale Inventory

APRIL 18, 2024

There’s a lot involved in sustaining continuous sales on Amazon beyond just having products listed on the world’s largest marketplace. By proactively managing your stock levels, you can ensure your products are always available, keeping customers happy, your business thriving on Amazon , and avoiding pesky fees.

Inventory 52

Inventory Real-time Visibility Strategy Demand 52

ivalua

JANUARY 31, 2022

Last week, Ivalua partnered with Ardent Partners to discuss Procurement 2022: Big Trends and Predictions. . Below, we’ve lifted the main webinar takeaways from panel contributors and Vishal Patel, VP of Product Marketing at Ivalua. Procurement 2022: Big Trends and Predictions. #1. View Webinar Replay. View Webinar Replay.

Procurement 130

Procurement supply chain budgeting Agile and Lean Supply Chain supply chain software solutions 130

SCMDOJO

MARCH 19, 2024

This article describes a streamlined supply chain department, ultimately leading to increased productivity and profitability. While Its primary purpose is to manage the entire process, from procurement to delivery, efficiently and cost-effectively, it also coordinates with production to automate processes and planning, etc.

Supply Chain Optimization 74

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

SCMDOJO

OCTOBER 14, 2023

Blockchain has evolved as a highly secure and fast way of managing transactions and has proven benefits in almost all fields. Understanding Supply Chain The production industry uses a variety of procedures to serve its consumers through the market; all these activities can be covered under one umbrella term: supply chain.

Supply Chain Efficiency 87

Supply Chain Efficiency supply chain software solutions Supply chain management Supply chain management 87

ivalua

FEBRUARY 25, 2021

Best-in-Class for Healthcare Supply Chain Management? Are ERP systems better than best-in-class supply chain solutions for managing healthcare supply chains? What are the pros and cons, and what supply chain strategy will pave the way to higher margins, improved supply chain risk management in healthcare and improved patient care?

supply chain budgeting 221

supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 221

SCMDOJO

NOVEMBER 29, 2023

Whether it’s unsold products taking up valuable storage space or excess & obsolete items tying up capital, having excessive inventory can lead to increased costs and decreased cash flow. That’s why streamlining your inventory management strategies is crucial for success. What Causes Excess Inventory?

Inventory 88

Inventory Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain 88

SCMDOJO

MARCH 8, 2024

In the world of business, managing inventory efficiently can make all the difference between success and struggle. Top 5 Inventory Optimization Strategies Explained Managing inventory efficiently is vital for any business. Frame Contract for Runner Items: Runner items are products that are consistently in high demand.

Supply Chain Optimization 79

Supply Chain Optimization Supply Chain Efficiency Inventory Strategy 79

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.

Logistics 193

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

ivalua

SEPTEMBER 14, 2022

With 30% of respondents indicating their organizations are suffering from an inability to assess risk across suppliers, many are investing in new strategies to minimize the frequency and impact of disruption. The study also found that suppliers will be vital for successfully ensuring supply continuity.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Supply chain Supply chain resilience Collaboration 130

ivalua

DECEMBER 1, 2022

Third-party Risk Management (TPRM) within Services organizations, especially Financial Services (FSI), has become critical over the last few years. In Q3 2021, The Hackett Group conducted a comprehensive performance study of third-party risk management across a wide demographic of companies. What is Third-party Risk Management? .

Risk management 130

Risk management Risk Management Contract 130

Procurement Tactics

SEPTEMBER 13, 2022

In recent years, there are numerous multinational corporations pledging to work only with suppliers that follow environmental and social standards. Supply chain sustainability is defined as the efforts of companies to consider the environmental and social impact of their products through the supply chain. . Editor's note: Hi there!

Supply Chain Efficiency 183

Supply Chain Efficiency Supply Chain Optimization Sustainability Agile and Lean Supply Chain 183

Arkestro

DECEMBER 5, 2022

There have also been widespread and dramatic changes in how companies work with suppliers, causing supplier relationship management to take a front seat. The final product may also end up on a container ship bound for another continent. This is where predictive procurement comes in. Ongoing Labor Shortages.

Raw materials 98

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

ivalua

DECEMBER 21, 2021

Redwood, CA, 20th December 2021 – Ivalua, a leading provider of global Spend Management Cloud solutions, today announced that Canada’s largest co-operative, Federated Co-operatives Limited (FCL), has gone live with its source-to-contract solution which includes a seamless integration to TealBook, the leading supplier data foundation.

Contract 130

Contract Sourcing Suppliers Data 130

Procurement Tactics

JULY 14, 2022

Additionally, it is their job to get the best products at the lowest possible prices. Purchasing agents are responsible for negotiating and evaluating with the suppliers. They must have a keen eye for seeing opportunities with their potential suppliers to get the lowest price possible. ENROLL NOW.

Procurement 130

Procurement Purchase orders Purchasing Negotiation 130

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.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting Procurement 52

ivalua

FEBRUARY 11, 2021

In a recent Ivalua webinar , Ardent Partners’ Chief Research Officer Andrew Bartolini presented Ardent Partners’ 8th annual Procurement Big Trends and Predictions, and shared findings and insights from the firm’s 2020 research and conversations he’s had with fellow analysts and procurement professionals. Prediction 2: The U.S.

Procurement 246

Procurement supply chain budgeting Real-time Visibility Supply chain 246

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

Arkestro

DECEMBER 12, 2022

During the pandemic, healthcare needed to treat people with COVID-19, and the pharmaceutical industry had to increase the production and distribution of medical supplies and vaccines. Limited Supplier Network. Relying on a limited number of suppliers can lead to back-orders and other delays. Managing Supplier Relationships.

Real-time Visibility 52

Real-time Visibility Procurement e2e Raw materials 52

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. This includes order quantities, product types, order frequency, and lead time.

Supply Chain Efficiency 200

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

Procurement Tactics

JUNE 30, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter 9 Best US Lumber Suppliers — Industry Outlook, Considerations, Pricing, and Reviews The US based Forest Economic Advisors, LLC (FEA) predicted a 16% US housing drop in 2023.

Price 177

Price Suppliers Negotiation Quality 177

SCMDOJO

APRIL 4, 2023

What is the Difference Between Supply Chain Analytics and Supply Chain Management? When it comes to managing a supply chain, having access to real-time data can be a game-changer. What is the Difference Between Supply Chain Analytics and Supply Chain Management? It is an essential element of supply chain management.

Supply Chain Analytics 110

Supply Chain Analytics Supply Chain Optimization supply chain budgeting Supply Chain Efficiency 110

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.

Risk 79

Risk Suppliers Raw materials Risk management 79

Arkestro

DECEMBER 27, 2023

Koval Lane Las Vegas, NV 89109 Exhibit Hall: Arkestro Booth #709, Forum and Summit Ballrooms } February 5 – 7, 2024 Our Featured Speaker On Tuesday, February 6th at 2:55pm, our own Neil Lustig will be featured on a panel discussing Unlocking Efficiency and Resilience: AI & Data Analytics for Supply Chain Optimization.

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Efficiency Supply chain Logistics 52

Arkestro

MARCH 13, 2023

Resources / Case Studies / Modernizing Mining Equipment Procurement with PPO Modernizing Mining Equipment Procurement with PPO Searles Valley Minerals is a mining and production company that produces salt, borax, pyrobor, sodium carbonate, and much more.

Bidding 52

Bidding Procurement Buyers Quantity 52

Arkestro

JANUARY 23, 2024

Resources / Blog / What does a Procurement Manager do? Job Description, Skills, and Qualifications What does a Procurement Manager do? Procurement managers play a key role in this rapid growth, helping organizations optimize costs, negotiate favorable terms with suppliers, and ensure financial efficiency.

supply chain budgeting 52

supply chain budgeting Management Supply Chain Optimization Procurement 52

Procurement Tactics

SEPTEMBER 9, 2022

The Kraljic matrix is used by organizations to help them work smartly with their suppliers. The Kraljic matrix was created by Peter Kraljic and first appeared in the Harvard Business Review in 1983 to devise a means to segment the supplier base. . You can also try switching suppliers if necessary to achieve the best price. .

supply chain budgeting 130

supply chain budgeting Purchasing Risk Market analysis 130

Arkestro

DECEMBER 4, 2023

Hosts Caroline Cioe Account Executive LinkedIn Matt Buckingham Head of Partnerships and Alliances LinkedIn Edmund Zagorin Chief Strategy Officer and Founder LinkedIn What to expect This exclusive gathering is for execs just like you, and it’s all about diving into Predictive Procurement Orchestration.

Procurement team 52

Procurement team Leadership Procurement Networking 52

Arkestro

DECEMBER 4, 2023

Hosts Caroline Cioe Account Executive LinkedIn Matt Buckingham Head of Partnerships and Alliances LinkedIn Edmund Zagorin Chief Strategy Officer and Founder LinkedIn What to expect This exclusive gathering is for execs just like you, and it’s all about diving into Predictive Procurement Orchestration.

Procurement team 52

Procurement team Leadership Procurement Networking 52

Procurement Tactics

JUNE 23, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter 12 Best UK Drop Shipping Suppliers 2023 — Pricing & Reviews The drop shipping industry is saturated but it is still a profitable business in 2023. Customer receives the ordered product.

Price 163

Price Suppliers Negotiation Quality 163

Spend Matters

NOVEMBER 2, 2023

SAP held its annual Spend Connect conference (previously known as SAP Ariba Live) in Vienna, Austria from October 9 to 11, where they graciously hosted the Spend Matters team to get the latest on product announcements and catch up with clients and SAP executives (you can catch the “best of” follow-up here ).

Networking 89

Networking Spend management Suppliers Supply Chain Optimization 89

Arkestro

DECEMBER 12, 2023

A report on Google search trends reveals specific products that have surged in popularity this year, including Carhartt beanies, Dr. Martens boots, UGG Tasman slippers, parachute pants, and Away luggage. Luckily, predictive procurement orchestration (PPO) can take much of the stress and guesswork out of holiday procurement.

Procurement 52

Procurement Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain 52