Spend Matters

MARCH 11, 2024

So it was good to see a nice mix of both presenting at Procurement Strategies and Innovation (PSI) last week. For our readers who couldn’t/didn’t attend, here are our own reflections based on the time we had ( if we missed you, apologies, but do reach out to us here to get your procurement tech solution in front of our analysts ).

Procurement strategies 95

Procurement strategies Innovation Strategy Procurement 95

Supply Chain Game Changer

JULY 27, 2021

The Parallel Supply Chain … A Twilight Zone Strategy? For that reason we wonder whether the resilient Supply Chain is a passing fad or a sustainable strategy? You need the vision, the leadership, the strategy, and the resources to implement this capability. Stuff happens, and it happens all the time. Subscribe Here!

Agile and Lean Supply Chain 119

Agile and Lean Supply Chain Supply chain Strategy Real-time Visibility 119

Una

AUGUST 17, 2022

A comprehensive guide designed to tame tail spend in a way that leads to reduced risk and increased cost savings. This comprehensive guide will go over tail spend in procurement and provide resources for how to implement an effective tail spend management strategy. Benefits of actively managing tail spend. Is it worth it?

Real-time Visibility 98

Real-time Visibility Spend management Procurement team Purchasing 98

SCMDOJO

APRIL 24, 2024

Whether it will be worth it, only time will tell. The amplified visibility lets companies verify the authenticity and provenance of products, reduces the risk of counterfeiting, and helps ensure regulatory compliance. An expensive one, we dare say.

Supply Chain Efficiency 56

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization supply chain budgeting 56

Procurement Templates

JUNE 18, 2023

ChatGPT Inflation refers to the general increase in prices of goods and services in an economy over time, resulting in a decrease in the purchasing power of money. These indices track the average price changes of a basket of goods and services over time. Money buys less than before How should procurement manage inflation?

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

FourKites

DECEMBER 23, 2020

One additional area of focus is risk management, which, if left unchecked, can cause unexpected expenses to skyrocket within the other three budget areas. When creating a strategy for improving the productivity of your supply chain, you should analyze your costs within the following four areas: Staff time.

Supply Chain Efficiency 52

Supply Chain Efficiency Real-time Visibility supply chain budgeting Supply Chain Optimization 52

Procurement Tactics

OCTOBER 16, 2022

The system gives the user accuracy, visibility, and control over whether the project can be profitable or not. Financial management. Visibility of the workflow. Before the creation of ERP systems, the coordination of the involved parties in the project is time-consuming and takes a lot of effort. . CAD interface.

Real-time Visibility 130

Real-time Visibility Budget Inventory control Data 130

Procurement Software

APRIL 23, 2024

Located in Amsterdam, Netherlands, the company leverages advanced AI technologies to enhance procurement processes, focusing on efficiency and data visibility. Their platform is particularly noted for its capabilities in spend data classification, risk and opportunity identification, and supplier data enrichment.

supply chain software solutions 52

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

SCMDOJO

JUNE 6, 2023

Data analytics plays a central role in inventory optimization. It provides real-time visibility into stock levels, lead times, and demand patterns. Businesses can make precise forecast demand, identify obsolete inventory, and can use data analytics to make smart decisions about stock allocation and replenishment.

Supply Chain Optimization 72

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

Empowering CPO

JULY 3, 2023

Amid the rapidly evolving business landscape, it is no longer sufficient for companies to merely manage their procurement operations – they must innovate. Innovative strategies in procurement are crucial for organizations to stay competitive, adapt to changes, and drive business growth.

Innovation 52

Innovation Strategy Procurement Management 52

ivalua

OCTOBER 22, 2020

This year’s edition comes at an interesting time, with the Covid-19 pandemic having shifted Procurement priorities and employee working practices. In Gartner’s Magic Quadrant, they forecast the Procure-to-Pay software market to dip slightly this year, as companies focus on solutions with faster time to value.

supply chain software solutions 147

supply chain software solutions Procurement Real-time Visibility supply chain budgeting 147

SCMDOJO

DECEMBER 28, 2023

You need to integrate your supply chain management systems to meet this demand. This integration ensures the visibility of inventory, efficient order processing, and synchronized fulfilment across all channels. Having clear visibility into inventory is critical for omnichannel fulfilment.

Supply Chain Efficiency 74

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization supply chain software solutions 74

Spend Matters

JUNE 20, 2023

This content does not express the views or opinions of Spend Matters In our previous installment on Spend Matters, we discussed the rapid evolution of Supply Chain Risk Management happening within procurement organizations. And so it should.

Risk 75

Risk supply chain software solutions Risk management Real-time Visibility 75

ivalua

JUNE 4, 2020

A review of the key elements in supplier management for manufacturers and how Source-to-Pay procurement technology can support the journey towards supply chain resilience and agility in times of crisis. There are many supply chain management lessons to learn from the Covid-19 crisis. Financial, etc.).

Agile and Lean Supply Chain 173

Agile and Lean Supply Chain Supply chain resilience Supply Chain Efficiency Supply chain 173

Spend Matters

MARCH 25, 2024

We recently spoke with Stuart Brock , founder and President of startup iKinetiq Innovation Solutions which helps procurement functions design the right strategy to optimize processes, gain deeper insights, and enable data-driven risk management with a focus on using AI technologies responsibly.

Procurement contracts 113

Procurement contracts Contract Procurement Negotiation 113

Pipefy

JANUARY 30, 2024

Improvements to existing procurement processes, procedures, and operations are as time-sensitive as ever. Because procurement teams provide critical insights to inform business strategy , identifying opportunities to cut costs is one of the most important ways they do this.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Procurement Real-time Visibility Supply Chain Efficiency 52

Una

APRIL 23, 2024

Route optimization & logistics planning Cost savings, faster delivery times, and happier customers? By plugging into real-time data, machine learning algorithms do precisely that, optimizing transportation routes to minimize fuel consumption, reduce delivery delays, and improve logistics operations. Where do I sign?

Supply chain management 52

Supply chain management Supply chain management Supply Chain Optimization Supply Chain Efficiency 52

IBM Supply Chain Blog

FEBRUARY 13, 2024

Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals. Near-sourcing, in addition to lowering emissions, also cuts transportation costs and delivery times. It also can help optimize transportation costs and service-level agreements as well as improve inventory management and visibility.

Strategic sourcing 84

Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 84

Empowering CPO

JUNE 26, 2023

Introduction In today’s dynamic business landscape, effective procurement strategies are crucial for organizations to achieve sustainable growth and maintain a competitive edge. Businesses are now harnessing the power of data to drive their procurement strategies and achieve better outcomes.

Real-time Visibility 40

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

IBM Supply Chain Blog

JUNE 29, 2023

Integrated planning incorporates supply chain planning, demand planning, and demand forecasts so the company can quickly assess the impact on inventory levels, supply chain logistics, production plans, and customer service capacity. It enables a centralized repository of information and provides real-time visibility into the entire business.

supply chain software solutions 80

supply chain software solutions Real-time Visibility Agile and Lean Supply Chain Supply Chain Optimization 80

NLPA (Next Level Purchasing Association)

DECEMBER 14, 2022

Inability to execute good Business Strategies. Flawed or outdated Technology and Equipment that limits visibility. The Next Level Purchasing Body of Knowledge underpins, integrates and enhances the essential components of Supply Chain Management in simple how-to-do steps. Procurement Risk Management.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Supply chain 52

Supply Chain Game Changer

OCTOBER 5, 2021

From the first time I went to Colorado and saw the Front Range, I developed a level of awe and respect for these natural wonders. But if there is an extraordinary chance that you will fail if you push towards the goal at that time, it can be better to fall back, regroup, and try again later. My friend did exactly that.

Strategy 82

Strategy Real-time Visibility Agile and Lean Supply Chain Change management 82

Procurement Software

MARCH 11, 2022

Nonetheless, the time savings offered even just by classifying half of the line items is a huge amount of work saved. The Category Manager or Data Analyst can eliminate a huge chunk of work thanks to automation. Indirect materials (typically one-time or infrequent spend, such as office supplies, furniture).

supply chain software solutions 52

supply chain software solutions Real-time Visibility Data Category management 52

Procurement Software

MARCH 11, 2022

Nonetheless, the time savings offered even just by classifying half of the line items is a huge amount of work saved. The Category Manager or Data Analyst can eliminate a huge chunk of work thanks to automation. Indirect materials (typically one-time or infrequent spend, such as office supplies, furniture).

supply chain software solutions 52

supply chain software solutions Real-time Visibility Data Category management 52

Planergy

SEPTEMBER 5, 2023

How to gain visibility and control of your indirect spend. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Using financial tools can help save time and resources while improving accuracy in the budgeting process.

supply chain budgeting 92

supply chain budgeting Budget Real-time Visibility Spend management 92

Empowering CPO

JUNE 27, 2023

Traditional approaches to spend analysis relied heavily on manual processes and limited data visibility. Understanding Digital Transformation in Procurement Digital transformation in procurement refers to the comprehensive integration of digital technologies, data analytics, and automation into procurement processes and strategies.

Real-time Visibility 40

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

Arkestro

APRIL 25, 2023

The workforce shortage reached half a million this year , and many sectors continue to grapple with increased lead times, and volatile material costs. At the same time, the number of young, able-bodied construction workers has decreased by 8% over the past decade, further exacerbating the industry’s labor shortage.

Supply Chain Efficiency 52

Supply Chain Efficiency Sourcing supply chain budgeting Real-time Visibility 52

Supply Chain Game Changer

MAY 17, 2022

How much of this reactivity could have been, or can be, avoided through the implementation of more robust Supply Chain strategies? Even before the pandemic occurred, it was standard practice in most companies to have a Supply Chain team that had to react in real time to unforeseen circumstances. Strategies were cast aside.

Supply chain 106

Supply chain Real-time Visibility Supply e2e 106

Empowering CPO

JULY 17, 2023

Procurement teams are often confronted with issues such as maintaining cost control and visibility over spending, managing relationships with a diverse range of suppliers, staying compliant with a myriad of regulations, mitigating risks in the supply chain, and leveraging new technologies effectively.

Procurement 52

Procurement Supply Chain Efficiency Real-time Visibility Supply Chain Optimization 52

Empowering CPO

JULY 17, 2023

Procurement teams are often confronted with issues such as maintaining cost control and visibility over spending, managing relationships with a diverse range of suppliers, staying compliant with a myriad of regulations, mitigating risks in the supply chain, and leveraging new technologies effectively.

Procurement 40

Procurement Management Supply Chain Efficiency Real-time Visibility 40

Una

APRIL 9, 2024

It might not seem like much but at the time, that meant more wiggle room in our household budget as a young family. The fundamentals of group purchasing Incorporating group purchasing into your procurement strategy is one way to realize such savings. The real value, however, is found when you look beyond cost savings.

Purchasing 52

Purchasing supply chain budgeting Real-time Visibility Supply Chain Optimization 52

Empowering CPO

MAY 5, 2023

It is responsible for managing the entire process of acquiring goods and services, from identifying suppliers to ensuring timely deliveries. In essence, procurement serves as the backbone of an organization’s supply chain, contributing to cost savings, risk management, and supplier relationship management.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain budgeting Procurement Real-time Visibility 52

HICX

DECEMBER 11, 2023

The following article will explore how digital transformation can be leveraged in Procurement and supply chain management and what constitutes an effective digital transformation strategy for these crucial business functions. Designing and implementing a digital transformation strategy must be a key consideration to support this.

Supply chain management 52

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

Skill Dynamics

OCTOBER 19, 2023

For example, advanced strategic planning skills are relevant to procurement managers, while data analysis proficiency is associated with sourcing analyst roles. Role-based training personalizes the best procurement strategies to meet specific challenges. Robust risk management strategies.

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain supply chain software solutions 52

Procurement Software

FEBRUARY 20, 2024

It also has an analytics system claiming to focus on risk management rather than retrospective troubleshooting. It’s built by an experienced team of sourcing professionals and consultants who have spent decades developing cost optimisation strategies for world-renowned brands. Key Data: Founder / CEO: Gregory N.

Supply Chain Efficiency 59

Supply Chain Efficiency supply chain software solutions Procurement Real-time Visibility 59

Supply Chain Game Changer

AUGUST 3, 2021

The Coronavirus pandemic created a dramatic and highly visible disruption in that paradigm. When the pandemic winds down there is a very real danger that people will go back to doing, and viewing, things the way they were before the pandemic. This will be the central operational strategy for all companies in the future.

Supply Chain Efficiency 119

Supply Chain Efficiency Supply chain e2e Real-time Visibility 119

TYA Suite

DECEMBER 16, 2022

Selecting the right vendors for your business Once you’ve found potential vendors, it’s time to select one that best meets your needs and for the best prices. By effective vendor management, you can ensure the expenses are monitored closely and controlled whenever required. Why is Vendor Performance Management important?

Vendor management 52

Vendor management Management Real-time Visibility supply chain software solutions 52