Procurement Tactics

DECEMBER 21, 2022

Financial Supply Chain — The Ultimate Guide of 2023. Supply chain collaboration is definitely new to many newcomers in the supply chain industry. It may be an overused term in the supply chain but still confuses a lot of people. . Defining Supply Chain Collaboration.

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Collaboration Supply Chain Optimization Supply Chain Efficiency Supply chain 199

HICX

SEPTEMBER 19, 2023

While inflation and economic pressures force pharmaceutical brands to watch their pennies, they will do well to not tackle cost efficiency as a solo issue. Brands require resilience in an array of areas and chief among these is compliance. So, can brands manage resilience factors, such as costs and compliance, holistically?

Supply chain resilience 52

Supply chain resilience Supply Chain Efficiency Supply chain Supply 52

HICX

NOVEMBER 6, 2023

By Costas Xyloyiannis, CEO of HICX While inflation and economic pressures, such as the recent US price reforms, force pharmaceutical brands to be even more frugal than usual, they will do well to not tackle cost efficiency as a solo issue. Brands require resilience in various areas, and chief among these is compliance.

Supply chain resilience 52

Supply chain resilience Supply Chain Efficiency Supply chain Supply 52

SCMDOJO

JUNE 6, 2023

For businesses to succeed, supply chain optimization is essential to succeed. It helps reduce costs, increases efficiency, and can enhance customer satisfaction. Supply chain optimization can achieve this with the help of data analytics. They can understand their supply chain operations with more precision.

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Supply Chain Optimization supply chain budgeting Supply Chain Efficiency supply chain software solutions 72

ivalua

FEBRUARY 24, 2021

Supply Chain Transformation is ongoing but never more important than in 2021. Despite the initial capital investments, these technologies are driving efficiencies that ultimately lead to cost reduction. What Will Impact Procurement Processes in 2021? This was due in large part to the way they were designed. “The

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Agile and Lean Supply Chain Supply Chain Efficiency Supply chain Supply chain resilience 162

Procurement Tactics

JUNE 7, 2023

Supplier collaboration goes beyond traditional buyer-supplier relationships by promoting cooperation, transparency, and innovation throughout the supply chain. Shared value creation Supplier collaboration fosters shared value creation through enhanced innovation, improved operational efficiency, and supply chain resilience.

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supply chain software solutions Collaboration Suppliers Supply Chain Efficiency 130

Procurement Templates

SEPTEMBER 14, 2023

It has the potential to drive change throughout the entire supply chain, influencing how products are sourced, manufactured, and distributed. It goes beyond the traditional criteria of cost, quality, and reliability, encompassing environmental and social considerations.

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Sustainability Supply Chain Efficiency Procurement Ethics 130

World of Procurement blog

MAY 8, 2024

What is Supply Chain Management (SCM) Supply Chain Management (SCM) is the management of the flow of goods, services, information and finances as they move from raw materials to final product, from manufacturer to consumer. Optimized supply chains lead to improved profit margins.

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ivalua

MARCH 24, 2022

Having a complete view of all activities across the Source-to-Pay process is paramount to building effective and resilient supplier relationships. Further, suppliers play a pivotal role in innovation, ESG, risk management, quality, supply continuity, and many other critical organizational functions.

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Zycus Cognitive Procurement

DECEMBER 15, 2022

As we are coming to the end of the year, procurement and supply chain leaders across industries initiate their annual strategic planning process for the next year. We have shortlisted 7 C ritical T rends that will help supply chain leaders and practitioners to build a strategic blueprint for 2023 and beyond.

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Supply chain management Supply chain management Agile and Lean Supply Chain Supply Chain Optimization 52

Supply Chain Trend

MAY 17, 2022

In this blog : a new role for supply chain planners. Similar to the continuous automation of physical assets in the supply chain over the last 100 years, we’ve now reached the era where the knowledge worker will be augmented or automated by a machine. Supply chain planners and IBP teams will not escape this evolution.

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Agile and Lean Supply Chain supply chain software solutions Supply Chain Efficiency Supply chain 97

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.

Supply Chain Optimization 52

Supply Chain Optimization Procurement Supply chain resilience supply chain budgeting 52

World of Procurement blog

MAY 8, 2024

Metrics : Procurement tracks savings, efficiencies, supplier performance, and risk. Procurement is strategically important because it: Drives significant cost savings through economies of scale, supplier negotiations, and process efficiencies. Increases efficiency by standardizing, streamlining, and automating processes.

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Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Arkestro

APRIL 2, 2024

The fluctuating economic landscape has forced many procurement departments to reassess and diversify their sourcing strategies to maintain supply chain resilience. While the hurdles appear formidable, this report outlines what well-prepared procurement teams stand to benefit in this environment. After years of focusing on cost.

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EazyStock

JANUARY 27, 2021

2021 Supply Chain and Inventory Management Trends for the US. Here we are, one year later, trying to determine the 2021 supply chain and inventory management trends to adopt. Resiliency is now the name of the game for supply chains. Then 2020 was thrown into chaos by the global COVID-19 pandemic.

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supply chain software solutions Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization 96

Arkestro

JANUARY 9, 2024

As we move into 2024, procurement teams continue to face hurdles like supply chain volatility, geopolitical tensions, budget restrictions, talent shortages, and more. Survey respondents say the trend is driven by a desire to increase efficiency, improve productivity, reduce errors, and improve cost savings. Cost analysis.

supply chain budgeting 52

supply chain budgeting Supply chain resilience Procurement Supply Chain Optimization 52

ivalua

JULY 8, 2020

As the COVID-19 pandemic disrupts global supply chains, procurement organizations around the world are scrambling to react. There are many supply chain management lessons to learn from the Covid-19 crisis. Supplier Data Quality & Management in Decision Making. Some of these challenges include limited: .

Agile and Lean Supply Chain 26

Agile and Lean Supply Chain Supply chain resilience Supply Chain Efficiency Supply chain 26

Zycus Cognitive Procurement

JANUARY 20, 2023

At its core, procurement strategies are all about managing the change aimed at driving continuous improvement in the supply chain. It also provided insight into building resilience through technology, people, and processes concerning the continuous improvement of the supply chain.

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supply chain software solutions Supply chain resilience Procurement Supply Chain Efficiency 52

Planergy

JANUARY 26, 2023

Here we’ll discuss various potential supply chain disruptions and what you can do to mitigate the risks to keep your business up and running throughout whatever circumstances are thrown your way. Sociopolitical Risks When politics and government change drastically, it has the potential to wreak havoc on your current supply chain.

Risk 52

Risk supply chain software solutions supply chain budgeting Supply Chain Efficiency 52

ivalua

JANUARY 31, 2022

Enterprises will continue to undergo the financial burden of revenue disruptions, consumer , and uncontrolled supply chain variables. . Disruptions in global supply chains, labor market shortages, strong consumer demand. The Criticality of the Supply Chain (and Suppliers). What can we expect in 2022?

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

Empowering CPO

MAY 8, 2023

Effective risk management in procurement is crucial to ensure uninterrupted supply chains, maintain cost-efficiency, protect organizational reputation, and ensure compliance with legal and regulatory requirements. Examples include inaccurate demand forecasting, inefficient procurement processes, and data management errors.

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Risk management Risk Procurement strategies Strategy 52

Zycus Cognitive Procurement

JANUARY 20, 2023

At its core, procurement transformation is all about managing the change aimed at driving continuous improvement in the supply chain. It also provided insight into building resilience through technology, people, and processes concerning the continuous improvement of the supply chain.

supply chain software solutions 40

supply chain software solutions Supply chain resilience Procurement Supply Chain Efficiency 40

IBM Supply Chain Blog

MAY 17, 2024

And these technologies provide brands with intelligent tools, enabling more productivity and efficiency than was possible even five years ago. These capabilities can help businesses make informed decisions, improve operational efficiencies, and identify opportunities for growth. The

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Supply Chain Efficiency Real-time Visibility Supply Chain Optimization e2e 69

Empowering CPO

JUNE 9, 2023

But procurement is more than just buying; it’s about making informed and strategic decisions that can significantly impact a company’s bottom line, efficiency, and competitive advantage. These are quantifiable measures used to track and analyze the efficiency, effectiveness, and quality of the procurement process.

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Procurement Supply Chain Efficiency Agile and Lean Supply Chain Quality 52

ivalua

DECEMBER 14, 2020

The pandemic wreaked havoc on businesses and their supply chains, but even in these trying times, there’s a silver lining. 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.

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

ivalua

MAY 30, 2023

Procurement and supply chain teams will play a crucial role in making this vision a reality. It is an important part of the decision-making process and requires careful consideration of a wide range of factors, such as cost, quality, reliability, and delivery times.

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Eprocurement Procurement Supply Chain Efficiency Supply chain resilience 49

Arkestro

DECEMBER 12, 2022

The pandemic and resulting supply chain disruptions have added extreme pressure on the health and pharma sector to address shortages quickly and efficiently. Constrained supply chains and the associated shortages have resulted in mounting pressures for organizations to diversify their supplier bases. Managing risk.

Real-time Visibility 52

Real-time Visibility Procurement e2e Raw materials 52

Empowering CPO

JUNE 14, 2023

Whether you’re a procurement professional looking to stay ahead of the curve, a business leader seeking to drive efficiency, or simply someone interested in business innovation, this post is for you. For one, they often focus too heavily on price at the expense of other factors, such as quality, sustainability, and supplier innovation.

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Innovation Procurement Supply Chain Efficiency Sustainability 52

Arkestro

JANUARY 4, 2023

But hopefully, we can incorporate what we’ve learned into our day-to-day, creating a better—more resilient—path going forward. Among them were supply chain disruptions , inflation, and supply scarcity and shortages. The Supply Chain Will Continue to Heal.

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

IBM Supply Chain Blog

JUNE 30, 2023

In the healthcare supply chain, there are three main challenges pharmacies, hospitals, pharmaceutical companies and patients are facing: shortages and delays; lack of convenient and cost-effective fulfillment options; and rising counterfeiting and regulatory changes, along with a persistent need for better drug cold chain management.

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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.

supply chain budgeting 52

supply chain budgeting supply chain software solutions Procurement Budget 52

Zycus Cognitive Procurement

DECEMBER 9, 2020

The pandemic has taught us supply chain professionals a precious lesson in supply chain risk management. The pandemic has put to the test, flexibility, adaptability, and resilience of supply chains. The supply disruption triggered in China sent shock waves all around and shut down the global economy.

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Risk management Risk Suppliers Management 52

Empowering CPO

JUNE 27, 2023

As organizations strive to stay competitive, they are increasingly recognizing the need to leverage digital technologies to streamline processes, improve efficiency, and drive growth. This facilitates better supplier relationship management, enhances transparency, and enables effective supplier performance monitoring.

Real-time Visibility 40

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

Empowering CPO

JUNE 30, 2023

Introduction In an era where businesses are increasingly seeking efficiency, cost-effectiveness, and agility, the role of procurement has become more critical than ever before. For some businesses, it’s about cost savings and efficiency. This is where the concept of managed procurement services comes into play.

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Management Procurement Supply Chain Efficiency Supplier relationship management 40