Procurement Tactics

DECEMBER 21, 2022

The complexity of today’s supply chain makes it more prone to severe impacts from disruptions, just like what happened at the start of the pandemic. . Due to this, many organizations have put supply chain resilience as a top priority.

Collaboration 199

Collaboration Supply Chain Optimization Supply Chain Efficiency Supply chain 199

SCMDOJO

MAY 23, 2025

They also reduce cost by minimizing waste, downtime, and overproductionturning resilience into a competitive advantage. Not sure where your supply chain stands? SCMDOJOs Supply Chain Resilience Self-Assessment Tool enables businesses to evaluate their current resilience posture and identify key vulnerabilities.

Leadership 54

Leadership Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain 54

Jaggaer

APRIL 16, 2025

Many procurement teams are being asked to deliver value beyond savings alone , strengthening supply chain resilience, reducing compliance risk, and advancing ESG and sustainability goals, at greater speed and without headcount increases. On the demand side, there is pressure to do more with less.

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Procurement Demand Planning Data interpretation Supply Chain Efficiency 52

ivalua

DECEMBER 14, 2020

What we learned about agility and resilience can be applied to future-proof the source-to-pay (S2P) process and help organizations meet any new challenge with confidence. Achieving these goals would not only help Chassis Brakes control spend, it would improve product quality.

Agile and Lean Supply Chain 130

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

TYA Suite

MAY 3, 2025

Automation is another crucial feature, from generating purchase orders and managing approval workflows to automating invoice processing. Being able to go from request to approval to purchase order without chasing people saves a ton of time. This reduces manual work and speeds up the procurement cycle.

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supply chain software solutions Real-time Visibility Procurement Supply Chain Efficiency 40

Arkestro

JANUARY 4, 2023

At the same time, they’ll need to watch and prepare for future economic downturns and supply chain disruption. Particularly for procurement, there will be increased reliance on tools and services that can create and foster supply chain resilience, cost optimization, and agility,” Mellot added.

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Supply Chain Optimization Procurement team Agile and Lean Supply Chain Supply Chain Efficiency 104

Supply Chain Trend

AUGUST 13, 2020

It also requires a clear understanding of the environment in which the organization operates, so scenario planning must go extend beyond the enterprise to encompass value-chain dynamics and end-to-end supply chain resilience. Decisions from an IBP meeting need to be made in the light of the company’s vision and strategy.

supply chain software solutions 147

supply chain software solutions Supply Chain Optimization supply chain budgeting Supply chain 147

IBM Supply Chain Blog

MARCH 21, 2023

It also means having the ability to identify discrepancies between orders (especially if they’ve been changed), shipments and invoices, without having to manually cross-reference data from multiple systems. Having a clear view of your network allows you to see the fill rate and lead time for orders and shipments.

Real-time Visibility 77

Real-time Visibility Supply Chain Efficiency Agile and Lean Supply Chain Supply chain 77

World of Procurement blog

MAY 8, 2024

Processes like purchase order creation, invoicing, and expense reporting can be automated to save time and reduce errors. Buyer/Purchasing Agent - Executes purchase orders and transactions. Purchase Order Cycle Time - The time it takes from raising a purchase requisition to issuing a purchase order.

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Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Zycus Cognitive Procurement

JANUARY 24, 2023

Technology: CPOs should look for an integrated platform to manage all the spending and processes, such as third-party risk, sourcing, supply chain, invoicing, contracting, and payments. Key processes to automate include contract management, vendor management, invoicing, purchase orders, purchase requisitions.

Procurement strategies 52

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

Empowering CPO

JUNE 14, 2023

Organizations are now expected to not only manage cost but also to ensure supply chain resilience, mitigate risks, and contribute to strategic objectives. It encompasses everything from online supplier catalogs and electronic purchase orders to automated invoice processing and payment.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Empowering CPO

JUNE 27, 2023

Procurement professionals had to sift through piles of invoices, purchase orders, and receipts to manually categorize and analyze spending patterns. This enables organizations to proactively anticipate and address potential challenges and opportunities, improving cost efficiency and supply chain resilience.

Real-time Visibility 40

Real-time Visibility Supply Chain Efficiency Supply Chain Optimization Data 40