NLPA (Next Level Purchasing Association)

MAY 8, 2023

Supply chain visibility is essential for successful procurement, as it enables businesses to proactively manage risks and optimize their supply chain. By having a clear view of their entire supply chain, businesses can identify potential issues and take steps to mitigate them.

Supply Chain Visibility 52

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

IBM Supply Chain Blog

FEBRUARY 28, 2024

Successful strategic sourcing often results in process optimization, cost management, customer satisfaction, risk management , increased sustainability and other benefits. For example, the IBM Sterling Transaction Manager automates manual transactions between businesses and suppliers.

Sourcing 105

Sourcing Strategy Supply Chain Efficiency e2e 105

World of Procurement blog

APRIL 23, 2024

This technology significantly reduces manual work, minimizes errors, and speeds up transaction times. 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.

Supply Chain Efficiency 52

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

World of Procurement blog

APRIL 23, 2024

This technology significantly reduces manual work, minimizes errors, and speeds up transaction times. 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.

Supply Chain Efficiency 52

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

Let's Talk Supply Chain

DECEMBER 4, 2023

06.40] A closer look at current supply chain challenges, and what SDI are seeing with their clients. Not having that visibility is a real challenge for organizations… getting the parts they need at the right time… and the ongoing labor issues.” We look to augment and enhance – it’s a real partnership.”

Supply Chain Optimization 52

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

SCMDOJO

DECEMBER 28, 2023

In the era of the Digital Retail Revolution, adaptive supply chain management is imperative amid the surge in online retail and the social commerce boom. You need to integrate your supply chain management systems to meet this demand.

Supply Chain Efficiency 74

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

SCMDOJO

OCTOBER 14, 2023

What is a supply chain management system (SCM)? Initially, these were managed manually, but the intrusion of digital technologies revolutionized it. Now, real-time connections provide more accurate data and information, which helps create collaboration in the digital world.

Supply Chain Efficiency 87

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

EazyStock

FEBRUARY 13, 2019

What are the primary supply chain management trends for 2019? Let’s dig into the future supply chain trends that could transform your supply chain and logistics operations! Distributed Inventory. At what point does long delivery time become a deal-breaker for you?

Supply chain management 45

Supply chain management Supply chain management Supply Chain Efficiency Supply Chain Optimization 45

SCMDOJO

MAY 2, 2024

Importance of Supply Chain Resilience Resilient supply chains are better equipped to absorb shocks, respond swiftly to disruptions, and recover more efficiently. A dynamic and responsive infrastructure, robust risk management practices, and strong relationships with suppliers and partners characterize them.

Agile and Lean Supply Chain 66

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Supply Chain Optimization 66

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.

supply chain software solutions 83

supply chain software solutions Real-time Visibility Agile and Lean Supply Chain Supply Chain Optimization 83

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

NLPA (Next Level Purchasing Association)

APRIL 24, 2024

A report by the Dubai Chamber of Commerce and Industry states that digitizing procurement processes can reduce processing times by up to 60%. Simplified Auditing : Auditing procurement activities can be tedious and time-consuming. Cashless procurement systems automate these tasks, streamlining the entire workflow.

Supply Chain Efficiency 52

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

IBM Supply Chain Blog

FEBRUARY 13, 2024

Near-sourcing, in addition to lowering emissions, also cuts transportation costs and delivery times. Solutions like the IBM Sterling Fulfillment Optimizer help teams execute new sourcing decisions in real time to meet fluctuating customer demand. This technology can also help reduce the risk of regulatory non-compliance.

Strategic sourcing 86

Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 86

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.

Agile and Lean Supply Chain 173

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

NLPA (Next Level Purchasing Association)

DECEMBER 14, 2022

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. For example, Delivery Lead Time is measured in conjunction with Picking Accuracy.

Agile and Lean Supply Chain 52

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

SCMDOJO

JULY 24, 2023

They can be businesses or individual consumers who expect their orders to be delivered in a timely manner and in good condition. Read More: Evolution of Supply Chain Management and Logistics ] Benefits of Contract Logistics Contract logistics offers several benefits to businesses looking to streamline their supply chain operations.

Contract 90

Contract Logistics Supply Chain Efficiency Supply Chain Optimization 90

Planergy

JANUARY 26, 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. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend.

Risk 52

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

Supply Chain Game Changer

SEPTEMBER 17, 2019

Imagining the Supply Chain of the Future! Mike Mortson was recently interviewed by Oracle as a part of their Global Supply Chain Influencer program. This article was posted on Oracle’s Supply Chain Management blog. You would measure lead time in days or even weeks.

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Supply Chain Efficiency Supply chain Real-time Visibility 59

Arkestro

MARCH 27, 2024

Regardless of industry, procurement buyers fulfill their role by finding the best suppliers, negotiating contracts, and identifying the most cost-effective, timely procurement of goods. They also make strategic decisions that optimize value and minimize costs, all while mitigating risk and staying compliant. Bureau of Labor Statistics.

Buyers 52

Buyers Supply Chain Efficiency supply chain budgeting Procurement 52

Supply Chain Game Changer

MAY 18, 2021

The risk of extended Supply Chain disruption due to impacts to nature is significantly impacted in these industries: chemicals and materials; aviation, travel and tourism; real estate; mining and metals; supply chain and transport; and retail, consumer goods and lifestyle. That’s incredible.

Supply Chain Efficiency 64

Supply Chain Efficiency Supply chain Supply Real-time Visibility 64

Supply Chain Game Changer

AUGUST 3, 2021

Supply Chain has historically been considered a back office function, necessary but lacking in prestige and strategic value. The Coronavirus pandemic created a dramatic and highly visible disruption in that paradigm. The pandemic exposed to everyone both the importance of, and the fragility of, the global Supply Chain.

Supply Chain Efficiency 119

Supply Chain Efficiency Supply chain e2e Real-time Visibility 119

Planergy

JANUARY 19, 2024

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. Taking your time throughout the process ensures you get the best possible match. Taking your time throughout the process ensures you get the best possible match.

Vendor management 52

Vendor management Suppliers Quality Supply Chain Efficiency 52

HICX

SEPTEMBER 11, 2023

Table of Contents What is supplier risk management? What are the benefits of supplier risk management? What is supplier risk management? It should be considered an essential part of an organization’s wider risk management strategy. What are the benefits of supplier risk management?

Risk management 52

Risk management Risk Suppliers Management 52

HICX

DECEMBER 11, 2023

The effective management of supply chains is critical to business operations and by adopting newer digital solutions, organizations can benefit from improved efficiency, reduced costs and operational improvements across the supply chain as a whole. What is digital transformation?

Supply chain management 52

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

Supply Chain Game Changer

JANUARY 26, 2021

And even with the approval of vaccines the poor initial rollout suggests that it is going to be a long time yet before we can go back to some state of normal. Post Pandemic Stress Disorder (PPSD) in Supply Chain. On top of that are those who need to keep stores stocked and supply lines open of every shape and size.

Supply chain 61

Supply chain Real-time Visibility Supply e2e 61

Empowering CPO

JUNE 20, 2023

Introduction In the dynamic world of procurement and supply chain management, understanding your organization’s spending habits isn’t just an administrative duty—it’s a strategic necessity. While these benefits might seem abstract, they have very real impacts.

Real-time Visibility 40

Real-time Visibility supply chain budgeting Supply Chain Efficiency Data 40

Empowering CPO

JUNE 14, 2023

It is a strategic process that involves identifying business needs, sourcing suppliers, negotiating contracts, managing supplier relationships, and ensuring the timely delivery of high-quality products or services. 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

Empowering CPO

JUNE 26, 2023

In the following sections of this guide, we will provide in-depth analysis, real-world examples, and actionable recommendations to empower healthcare organizations in their journey towards optimizing costs and improving patient care through effective spend analysis. Benefits of Implementing Spend Analysis in Healthcare A.

supply chain budgeting 52

supply chain budgeting Supply Chain Optimization Supply Chain Efficiency Supplier consolidation 52

Empowering CPO

MAY 31, 2023

Supplier Risk Management : This component involves identifying potential risks associated with a supplier and taking appropriate steps to mitigate those risks. Risks could be financial, operational, reputational, or related to compliance and regulations.

Supplier relationship management 52

Supplier relationship management Collaboration Suppliers Supply Chain Efficiency 52

Empowering CPO

JUNE 20, 2023

This blog post explores the pivotal role of Spend Analysis within the realm of Supply Chain Management, an area that can greatly benefit from the insights it provides. When applied to Supply Chain Management, Spend Analysis serves as an invaluable tool.

Supply chain management 40

Supply chain management Supply chain management supply chain budgeting Supply Chain Efficiency 40

Empowering CPO

JUNE 20, 2023

Moreover, tail spend analysis can contribute to better risk management, improved compliance, and increased operational efficiency. To support them in their mission, we offer comprehensive, data-driven solutions that bring visibility into every nook and cranny of their procurement spend, including the elusive tail spend.

Real-time Visibility 40

Real-time Visibility supply chain budgeting Spend management Risk 40

SCMDOJO

APRIL 24, 2024

Top Logistics Trends in 2024 As businesses seek higher efficiency and resilience, the supply chain trends for this year reflect a resumed focus on digitization, sustainability, and agility. AI-powered optimization AI-powered optimizations change supply chain management, as they find ground in the machine learning and AI rise.

Supply Chain Efficiency 57

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization supply chain budgeting 57

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. These challenges in the direct material supply chain pose a real threat, especially in a time of crisis.

Agile and Lean Supply Chain 26

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

Empowering CPO

JUNE 22, 2023

Spend analysis, a cornerstone of procurement and supply chain management, is the process of collecting, cleansing, classifying, and analyzing expenditure data with the goal of reducing procurement costs, improving efficiency, and monitoring compliance. But how do we fuel the engine of strategic sourcing?

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Supply Chain Game Changer

SEPTEMBER 30, 2022

The supply chain industry is changing at an alarming rate as new technological innovations launch. Cloud storage is one of the technologies that have significantly revolutionized supply chain management. This page will look at ways in which cloud storage has impacted the supply chain sector.

Supply Chain Efficiency 112

Supply Chain Efficiency Agile and Lean Supply Chain supply chain software solutions Supply Chain Optimization 112

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. Inflation occurs when there is an imbalance between the supply and demand of money and goods. What is inflation?

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

Supply Chain Game Changer

JULY 27, 2021

That means having the capability to resist or even avoid the impact of a supply chain disruption – and the ability to quickly recover from a disruption.” Stuff happens, and it happens all the time. Think about how many times you’ve been asked to review a Disaster Recovery plan. Conclusion.

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