Arkestro

JANUARY 4, 2023

Ensuring continuity of supply. Driving sustainability. At the same time, they’ll need to watch and prepare for future economic downturns and supply chain disruption. multiple small-value purchases, often distributed across several non-strategic suppliers and tons of distinct purchase orders or transactions).

Supply Chain Optimization 104

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

Supply Chain Game Changer

MAY 5, 2021

Risk mitigation, innovation through supplier collaboration, and increased sustainability have also driven Supply Chain’s strategic value – but they’ve taken a back seat to efficiency. But in the post-COVID-19 world, with its renewed focus on resilience, it looks like more organizations might be listening.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Supply chain Strategy 52

Empowering CPO

JUNE 14, 2023

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.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 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. Resilience and that ability to react quickly to change makes Procurement a much more strategic part of the organization, than if they focus only on reducing costs,” he said.

Agile and Lean Supply Chain 130

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

Arkestro

JULY 18, 2022

One of the most critical lessons learned during the global pandemic and its aftermath has been the importance of supply chain resilience. As organizations have been coming to grips with this reality, they have also been working hard toward achieving the goal of sustainability. What Is Supply Chain Resiliency?

Supply chain resilience 52

Supply chain resilience Sustainability Supply chain Supply 52

IBM Supply Chain Blog

SEPTEMBER 20, 2021

Supply chain pundits from industry and academia point out that it is possible for businesses to strike a balance between just in time and just in case. In this blog, let’s explore best practices that drive supply chain resiliency with this definition at the core. Why is supply chain resiliency important?

Supply chain resilience 52

Supply chain resilience Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization 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

Procurement Software

APRIL 2, 2024

Supplier Relationship Management (SRM) Full stack SRM software offering - depending on the tool - modules such as supplier onboarding, due diligence, supplier audit, supplier performance, internal stakeholder surveys, quality management, fraud checks, sustainability reporting. Classification typically beyond level 3.

supply chain budgeting 52

supply chain budgeting supply chain software solutions Procurement Budget 52

Empowering CPO

JUNE 9, 2023

It is the process of sourcing, negotiating, and purchasing the goods and services a business requires to carry out its operations. This can range from raw materials for production, to office supplies, to strategic partnerships. Examples include cost savings, cost avoidance, and purchase price variance. Introduction A.

Procurement 52

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Quality 52

Supply Chain Game Changer

APRIL 15, 2020

The inner ring & central focus areas being: Strategic Sourcing Contract Management Requisitioning Purchasing/Spot Buys Payment Spend Analysis. These are definitely some tools that you should have in place to keep the backbone of your purchasing data-driven & keep your suppliers’ invoices paid in full. Sustainability is hot.

Procurement 90

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Supply chain 90

IBM Supply Chain Blog

JUNE 30, 2023

These healthcare industry supply chain issues are equally urgent, and each require immediate attention. The good news is, it’s possible to alleviate these perilous pain points by building healthcare supply chain resilience. Doing so streamlines purchasing power and optimizes inventory management.

Supply Chain Efficiency 84

Supply Chain Efficiency supply chain budgeting Real-time Visibility Supply Chain Optimization 84

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

Empowering CPO

JUNE 27, 2023

Spend analysis involves the systematic examination of purchasing data to gain insights into spending patterns, supplier performance, and potential areas of improvement. Procurement professionals had to sift through piles of invoices, purchase orders, and receipts to manually categorize and analyze spending patterns.

Real-time Visibility 40

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

IBM Supply Chain Blog

FEBRUARY 9, 2023

Trend 3: Sustainability in retail The demand for sustainable brands continues to grow. According to a 2022 IBV consumer study , some consumers will pay up to 70% more for products branded as sustainable. This requires an action plan for sustainability to become core to the company’s values.

Supply Chain Efficiency 40

Supply Chain Efficiency Supply chain Supply Sustainability 40

Spend Matters

DECEMBER 28, 2023

Geopolitics becomes a procurement issue Supply chain resilience will assume new meaning, with geopolitical tension presenting a complex puzzle for any global business. Chief Procurement Officers will come under mounting pressure to accelerate supply chain reconfiguration efforts started during the pandemic.

Procurement solutions 56

Procurement solutions Procurement Chief Procurement Officer Procurement team 56

ivalua

FEBRUARY 25, 2021

According to the panelists, there are some key features and functionality that make best-in-class supply chain solutions a better choice for healthcare organizations: Guided procure-to-pay compliance: The concept of compliant purchasing in healthcare encompases the front-end user experience. Efficient warehouse management.

supply chain budgeting 221

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

Supply Chain Game Changer

MARCH 18, 2021

In reality, procurement excellence enables the safeguard of brand value, mitigation of risk, sustainable development, and top-line value addition. COVID19’s impact during 2020 pointed out the lack of supply chain resilience & alternative supply networks, and therefore many professionals aim to expand their supply network during 2021.

Procurement team 61

Procurement team Procurement supply chain budgeting Agile and Lean Supply Chain 61