Procurement Tactics

JANUARY 2, 2023

Supplier Integration — The Ultimate Guide of 2023. Supplier integration enables a robust supply chain process. However, not many people know how to collaborate with their suppliers. . For this article, we will discuss what supplier integration is. So without further ado, let us now delve into supplier integration. .

Suppliers 199

Suppliers Supply Chain Efficiency Real-time Visibility Supply chain 199

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 94

Procurement strategies Innovation Strategy Procurement 94

Supply Chain Game Changer

SEPTEMBER 5, 2022

Supply Chain Visibility – An Overcomplicated Challenge! A recent Deloitte survey estimated only 15% of CPO’s have visibility beyond their tier one suppliers. I found this striking that there is so little multi-tier Supply Chain visibility. Visibility comes at a cost – one we’ve spoken about before: trust.

Supply Chain Visibility 95

Supply Chain Visibility Real-time Visibility Supply Chain Efficiency supply chain budgeting 95

Una

FEBRUARY 19, 2024

Why Do We Need Supply Chain Visibility? Supply chain visibility is a critical factor for organizations aiming to mitigate risks, optimize processes, and capitalize on opportunities. But why does achieving comprehensive visibility remain a pressing challenge for so many businesses? Why is visibility so important?

Supply Chain Visibility 52

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

ivalua

JUNE 29, 2022

With this in mind, our research found far too few European suppliers are being regularly assessed on sustainability practices, with less than a quarter (24%) seeing themselves routinely measured on carbon emissions. Measure suppliers on carbon emissions. Collaborate for a greener future.

Strategy 130

Strategy Supply Chain Efficiency Sustainability Real-time Visibility 130

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. This is where Sales and Operations Planning (S&OP) comes in – it allows businesses to align their procurement and logistics strategies, optimize their supply chain, and reduce costs.

Supply Chain Visibility 52

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

Supply Chain Game Changer

JUNE 30, 2022

The Importance of a Strong Supply Chain and Logistics Strategy! A supply chain is made up of an interconnected network of suppliers that all function together to deliver products or services to customers efficiently. For a supply chain to run smoothly it needs to be well managed under the right strategy for your business objectives.

Agile and Lean Supply Chain 78

Agile and Lean Supply Chain Supply Chain Efficiency supply chain budgeting Supply Chain Optimization 78

Finale Inventory

FEBRUARY 19, 2024

For customers, inadequate customer support leads can lead to delays, extending the time for processing and refunds. Businesses confront re-stocking, handling damaged goods, adjusting inventory inaccuracies, and navigating the risk of overselling during high-demand periods. But how do you get to why a customer initiated a return?

Inventory 105

Inventory Real-time Visibility Management Quality 105

SCMDOJO

APRIL 29, 2024

Sourcing: Sourcing is all about finding reliable suppliers, negotiating contracts, and managing relationships. It encompasses activities such as procurement, supplier selection, and evaluation. A well-established sourcing strategy helps businesses secure the best quality materials at the most competitive prices.

Supply chain management 67

Supply chain management Supply chain management Agile and Lean Supply Chain Supply Chain Optimization 67

SupplyShift

MARCH 27, 2023

STANDARD ASSESSMENT Supplier ESG Assessment A social, environmental and business ethics performance assessment for your suppliers. Raise awareness, understand supplier risks, and continually improve conditions in your supply chain. Simply load your suppliers and start assessing.

Suppliers 52

Suppliers Real-time Visibility Ethics Supply chain 52

IBM Supply Chain Blog

JUNE 30, 2023

For the energy and utilities industry (E&U), time is not on their side. Equipment-heavy and reliant on an aging infrastructure, E&U clients suffer from costly supply chain disruptions as wear, tear and time take their toll. Visibility. However, maintenance inventory optimization is only part of the solution.

e2e 68

e2e Supply Chain Visibility Real-time Visibility supply chain budgeting 68

Supply Chain Game Changer

JANUARY 19, 2022

Strategies to improve your Supply Chain article and permission to publish here provided by Claire Glassman. The supply chain is a significant part of your overall business strategy and inventory management. In other words, it provides you with a real competitive advantage against some companies in your industry.

Supply Chain Efficiency 109

Supply Chain Efficiency Agile and Lean Supply Chain Supply chain Strategy 109

Una

AUGUST 17, 2022

This comprehensive guide will go over tail spend in procurement and provide resources for how to implement an effective tail spend management strategy. The figure’s head represents the top 1% of strategic suppliers to your organization. It consists of high-volume (80% of suppliers) but low-value transactions (20% of total spend).

Real-time Visibility 98

Real-time Visibility Spend management Procurement team Purchasing 98

Procurement Tactics

MAY 22, 2023

The goal of integrated logistics is to optimize the entire supply chain by minimizing costs, improving efficiency, and ensuring timely delivery of products to customers. It also requires close collaboration and coordination among all the stakeholders in the supply chain, including suppliers, manufacturers, distributors, and retailers.

Logistics 207

Logistics supply chain software solutions supply chain budgeting Supply Chain Optimization 207

Una

JUNE 29, 2023

5 Types of Supply Chain Strategies for Every Sourcing Hero Explore the superpowers offered by various types of supply chain strategies that businesses can adopt to meet their objectives. Supply Chain Strategies The same can be said for the similar amount of diversity found in the world of supply chain management.

Agile and Lean Supply Chain 52

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

Procurement Tactics

JANUARY 23, 2023

Procurement success in 2023 with our Strategy Course Download Course Details →  Or receive our famous weekly newsletter What Are the Benefits of Having a Transport Management System? This will improve visibility and analytical capabilities, which will result in better decision-making.

Real-time Visibility 202

Real-time Visibility Management Supply Chain Efficiency supply chain budgeting 202

ivalua

FEBRUARY 27, 2023

One way of doing this is by leveraging Source-to-Pay (S2P) solutions, which provide procurement with the tools needed to maximize the value they get from their supplier relationships, automate and streamline processes, and identify opportunities for cost savings. Let’s explore further.

Real-time Visibility 130

Real-time Visibility Procurement Agile and Lean Supply Chain supply chain budgeting 130

ivalua

SEPTEMBER 19, 2022

The past few years have highlighted serious deficiencies in prevalent supply chain strategies and the major risk that disruptions pose to corporate success. Loss of sales and market share are the most visible and measurable impacts. More robust contingency plans that complement current strategies might suffice. .

Risk management 130

Risk management Supply Chain Efficiency Risk Supply Chain Optimization 130

SCMDOJO

AUGUST 16, 2023

Introduction The global business landscape has witnessed an increasingly fierce competition, pushing companies to seek effective strategies to maintain and enhance their competitiveness. Among these strategies, the role of supply chain capability stands out as a key factor in driving success.

Supply Chain Efficiency 76

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization Supply chain 76

Empowering CPO

JULY 3, 2023

These services often encompass a wide range of tasks, from supplier management and contract negotiation to spend analysis and process improvement. 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

Procurement Tactics

JUNE 19, 2023

Artificial intelligence is being used to automate routine and time-consuming work in warehouses such as packing and sorting of goods which helps to improve efficiency, reduce errors and costs. It is also used to improve the accuracy of demand forecasting, inventory management , and transportation planning.

Logistics 193

Logistics supply chain budgeting supply chain software solutions Real-time Visibility 193

Supply Chain Game Changer

JANUARY 7, 2021

Digital Supply Chain strategies article and permission to publish here provided by Alejandro Carrera. No matter the niche, the customer today expects both products and services to be delivered real quick and tailored to unique requirements. Effective digital supply chain strategies can help organizations stand out from the crowd.

Supply Chain Efficiency 84

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Supply chain 84

ivalua

AUGUST 26, 2015

In my last blog post , I talked about how the need for better supplier information was a dominant theme across the automotive industry, as well as for many other discrete manufacturers. The impact suppliers have on the products you make and sell, good and bad, is just too significant to be ignored. Here are three examples.

Suppliers 173

Suppliers Real-time Visibility Sourcing Quality 173

ivalua

MARCH 27, 2023

E-invoicing Mandate | France 2024 March 27, 2023 | | Procurement Strategy by Steve Carter The biggest change to Accounts Payables since the introduction of double entry journals is about to hit finance departments–but are they prepared? Every supplier will be forced to send Government approved invoices to their clients.

Procurement strategies 130

Procurement strategies Agile and Lean Supply Chain Real-time Visibility Networking 130

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. Supplier Data Quality & Management in Decision Making. Supplier Data Quality & Management in Decision Making.

Agile and Lean Supply Chain 173

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

IBM Supply Chain Blog

JUNE 30, 2023

For example, the chip shortage has been a call to action for both original equipment manufacturers (OEMs) and suppliers. Monitor supply to minimize production delays and reduce the time needed for critical supply chain disruption management. Optimize maintenance inventory, increase reliability, and ensure production schedules are met.

supply chain budgeting 69

supply chain budgeting Supply Chain Optimization Supply Chain Efficiency Real-time Visibility 69

Pipefy

JANUARY 11, 2023

What is a procurement transformation strategy? A procurement strategy creates a sustainable and agile plan for improving procurement processes , increasing procurement efficiency, building better supplier relationships, and generating additional long-term cost savings for the business. Complex purchasing systems (31%).

Strategy 52

Strategy Procurement supply chain software solutions Agile and Lean Supply Chain 52

Arkestro

JULY 4, 2022

Supplier diversity is increasingly being recognized as a critical objective for procurement. From a societal viewpoint, organizations that achieve supplier diversity help address inequality and social injustice. While supplier diversity has many indisputable benefits, it is also easier said than done.

Suppliers 52

Suppliers Procurement Real-time Visibility Chief Procurement Officer 52

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

World of Procurement blog

APRIL 23, 2024

The procurement of materials is a vital process in supply chain management, involving the timely acquisition of high-quality goods and services at the most economical prices from reliable suppliers. Effective procurement strategies require a deep understanding of market trends, supplier landscapes, and the latest technologies.

Procurement 52

Procurement Inventory control supply chain budgeting Real-time Visibility 52

World of Procurement blog

APRIL 23, 2024

The procurement of materials is a vital process in supply chain management, involving the timely acquisition of high-quality goods and services at the most economical prices from reliable suppliers. Effective procurement strategies require a deep understanding of market trends, supplier landscapes, and the latest technologies.

Procurement 52

Procurement Inventory control supply chain budgeting Real-time Visibility 52

Procurement Tactics

DECEMBER 21, 2022

After taking the time to read this article, you will have a deeper understanding of what supply chain collaboration is all about. Thus, allowing you to know if your decision is right when the time comes you are going to collaborate in the supply chain. . Ultimate Supplier Plotting Checklist 2023. Horizontal Collaboration .

Collaboration 199

Collaboration Supply Chain Optimization Supply Chain Efficiency Supply chain 199

World of Procurement blog

APRIL 23, 2024

Supplier Management Systems: Assists in tracking and evaluating supplier performance, ensuring compliance and fostering better relationships. Examples include IBM Emptoris and Oracle Supplier Management. Supplier Management: Enhanced tools help manage supplier data, track performance, and assess risks efficiently.

Procurement 52

Procurement Supply Chain Efficiency Real-time Visibility Purchase orders 52

Zycus Cognitive Procurement

NOVEMBER 29, 2022

In good times, operating leverage (ratio of fixed and variable costs) can supercharge profit growth. However, in times of growth, new costs and expenses also tend to creep in, and over time, these costs harden and morph into fixed cost structures. In troubling times, high operating leverage comes back to bite, crushing profits.

Strategy 52

Strategy Real-time Visibility Contract e2e 52

Supply Chain Game Changer

APRIL 21, 2020

A “Don’t Touch” Strategy will Dramatically Lean out your Supply Chain! The overarching strategy for limiting exposure to, and spreading of, the Coronavirus is that of Social Distancing. One approach is to develop and deploy Don’t Touch Supply Chain strategies! Subscribe Here! Email Address.

Agile and Lean Supply Chain 91

Agile and Lean Supply Chain supply chain budgeting supply chain software solutions Supply Chain Optimization 91

Procurement Heads

FEBRUARY 8, 2023

One of the common themes I’m hearing from large organisations is that they are finding a lack of visibility looking ahead for energy spend. Another key strategy is energy storage, which is becoming an increasingly important way for companies to balance supply and demand, with examples including; batteries, thermal and hydrogen storage.

Real-time Visibility 130

Real-time Visibility Price Negotiation Sourcing 130

Arkestro

AUGUST 15, 2022

With growing pressure on businesses worldwide, developing an effective ESG strategy for your organization ensures that all transactions with suppliers are conducted in a way that aligns with these principles. We’ve outlined 4 foolproof steps you can take to start and grow an effective ESG strategy. Top-Line Growth. Lower Costs.

Strategy 52

Strategy Real-time Visibility Supply Chain Efficiency Suppliers 52