Procurement Insights

JANUARY 3, 2025

Integration with Sustainability Goals : CFOs began to value procurement’s contributions to corporate social responsibility (CSR) , particularly in sourcing ethically and supporting sustainability initiatives. CFOs began to see procurement as critical to business continuity and organizational agility.

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Jaggaer

FEBRUARY 28, 2025

Amid economic uncertainties and geopolitical shifts, procurement leaders face mounting pressure to drive sustained growth. However, the top three procurement challenges featured in the Hackett Group report demand immediate attention: slashing spending costs, securing supply chain resilience, and modernizing outdated operating models.

Agile and Lean Supply Chain 52

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

Jaggaer

OCTOBER 24, 2024

This collaborative approach can take various forms, from co-developing new products to jointly managing risks and ensuring sustainability in the supply chain. The result is a vehicle that meets market demands for sustainability and performance while reducing time to market and production costs.

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Collaboration Innovation Suppliers supply chain budgeting 52

Let's Talk Supply Chain

MARCH 3, 2025

Focus on Sustainability: Companies are placing‍ a greater ‍emphasis on sustainable practices, such as reducing ‍carbon emissions and implementing eco-pleasant packaging solutions.

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Efficiency Logistics supply chain budgeting 52

ivalua

FEBRUARY 25, 2021

A best-in-class solution may also offer inventory management features to enable you to auto-replenish orders, as well as workflows with client-defined business rules to enforce payment channel buying strategies. Sustainable master data management and governance: As much as 55% of projects fail due to data management issues.

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Let's Talk Supply Chain

MAY 2, 2025

This transformation marks more than a temporary adjustmentit’s a paradigm shift in supply chain thinking, where agility, sustainability, and real-time visibility are becoming top priorities. Key Recommendations Summary Impact Lean Inventory Management Reduction in holding costs and improved liquidity.

Agile and Lean Supply Chain 52

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

IBM Supply Chain Blog

SEPTEMBER 20, 2021

For years, supply chain professionals have measured success by how well they have been able to drive down costs and drive up efficiency. Just-in-time (JIT) became an artform and masters of the practice achieved new levels of precision. Why is supply chain resiliency important?

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Supply chain resilience Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization 52

IBM Supply Chain Blog

JUNE 30, 2023

The good news is, it’s possible to alleviate these perilous pain points by building healthcare supply chain resilience. Supply expenses escalate due to over-ordering, waste and emergency orders. Supply expenses escalate due to over-ordering, waste and emergency orders.

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Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Real-time Visibility 77

SCMDOJO

JUNE 14, 2024

Actionable Skills for Real-World Impact: Go beyond theory and gain the practical skills you need to make a tangible difference. Inventory Management: Learn best practices for optimizing inventory levels to minimize costs, improve efficiency, and ensure product availability with this supply chain training track.

Supply Chain Optimization 105

Supply Chain Optimization Supply Chain Efficiency Supply chain Real-time Visibility 105

TYA Suite

MAY 23, 2025

Managing a successful supply chain requires more than just ensuring products are delivered on time its about building strong, effective partnerships with your suppliers. Supplier collaboration is essential for optimizing supply chain performance and achieving long-term business success.

supply chain software solutions 40

supply chain software solutions Collaboration Supply Chain Efficiency Suppliers 40

SCMDOJO

APRIL 11, 2025

Understanding Supply Chain Risks Economic downturns act as stress tests for supply chains, exposing vulnerabilities that may have gone unnoticed during stable times. Identifying and understanding these risks is the first step toward strengthening operations and building resilience.

Agile and Lean Supply Chain 58

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SCMDOJO

MAY 2, 2024

In response to these challenges, the leaders must rethink their supply chain strategies, focusing on building resilience. Enroll in the Full Course offered by our expert Vera Rozanova on Supply Chain Resilience!

Agile and Lean Supply Chain 97

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Supply Chain Optimization 97

ivalua

APRIL 27, 2023

CTA April 28, 2023 | | Supply Chain by Vishal Patel Cost, Risk, and Sustainability. The question is, how do you balance all three while maintaining continuous operations and generating revenue at the same time? Those are three hot topics in the enterprise today. To do so, we need to get creative and curious.”

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Jaggaer

APRIL 9, 2025

Components of a Modern Supply Chain There are of course differences between sectors, but taking the automotive industry as an example, a modern supply chain typically consists of the following seven elements. This ensures just-in-time (JIT) or just-in-sequence (JIS) delivery to reduce inventory costs.

Agile and Lean Supply Chain 52

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

Jaggaer

OCTOBER 24, 2024

Supplier Collaboration for Agility Your world is characterized by dynamic market conditions, shifting customer demands, new technologies, rapidly changing regulations, and frequent supply chain disruptions. In times of pressure and crisis , highly responsive and trustworthy suppliers make agility possible.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

SCMDOJO

MAY 2, 2024

In response to these challenges, the leaders must rethink their supply chain strategies, focusing on building resilience. Enroll in the Full Course offered by our expert Vera Rozanova on Supply Chain Resilience!

Agile and Lean Supply Chain 87

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Supply Chain Optimization 87

ivalua

MAY 6, 2021

The pandemic has accelerated this trend, with the Procurement function front and center in the fight to ensure supply chain resilience and continuity, reduce costs and protect the bottom line. Smart software shifts from drilling down on existing data to alerting up, so managers can respond to events or trends in real time. .

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

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. Visibility into other key inventory (e.g.,

e2e 58

e2e Supply Chain Visibility Real-time Visibility supply chain budgeting 58

Procurement Insights

APRIL 18, 2025

Based on the input from the 1998 Agent-based RAM platform, which featured self-learning algorithms within a nascent AI framework, confirmed prior research indicated that Indirect Material MRO products were prone to much greater volatility over time than Direct Materials.

Price 75

Price Demand Supply chain Real-time Visibility 75

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

Planergy

MARCH 18, 2025

Common disruptions such as economic instability, vendor delays, natural disasters, and supply shortages uniquely challenge schools due to tight budgets and rigid schedules. Tools like PLANERGY enhance supply chain resilience by providing real-time tracking, data-driven insights, and streamlined communication with suppliers.

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

Arkestro

JANUARY 9, 2024

According to Deloitte, the manufacturing industry was in contraction throughout most of 2023 due to challenges like increased lead times, tight labor markets, and rising costs. As we move into 2024, procurement teams continue to face hurdles like supply chain volatility, geopolitical tensions, budget restrictions, talent shortages, and more.

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supply chain budgeting Supply chain resilience Procurement Supply Chain Optimization 52

Supply Chain Trend

AUGUST 13, 2020

IBP requires cross functional alignment to eliminate silos, to achieve accountability for delivering strategic, financial and operational outcomes, and to enable scenario planning that provides forward visibility into the consequences and risks of decisions (Sorensen, 2020). Automation versus Augmentation.

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supply chain software solutions Supply Chain Optimization supply chain budgeting Supply chain 147

Una

JUNE 5, 2024

Key elements include diversified sourcing, real-time visibility, strategic inventory management, and the ability to quickly respond to disruptions. Companies that had invested in semiconductor supply chain resilience were able to maintain production and avoid costly delays.

Agile and Lean Supply Chain 52

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

SCMDOJO

JULY 7, 2023

“But what we saw in Q2 is really the beginnings of the supply chain now running in a healthy way. I joke that we had a board meeting a few weeks ago, and it’s the first time in a board meeting where our supply chain slide had no red on it. Supplier Relationships: Cultivate strong relationships with suppliers.

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Supply Chain Efficiency Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain 105

TYA Suite

NOVEMBER 15, 2024

If a supplier is struggling with cash flow or facing bankruptcy, it may not be able to fulfill orders on time or maintain the quality of its products. This might involve encouraging suppliers to adopt sustainable practices and develop disaster recovery plans. : Continuous monitoring is crucial for effective supplier risk management.

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Risk management Risk Suppliers Strategy 40

Finale Inventory

AUGUST 28, 2024

This year, supply chain disruptions have posed significant obstacles for small business owners. From global events to the ongoing impacts of the pandemic, these challenges have forced businesses to adapt and find new strategies to navigate through uncertain times.

Agile and Lean Supply Chain 52

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

World of Procurement blog

MAY 8, 2024

Customers receive orders on-time without backlogs. Sustainability SCM plays a key role in corporate sustainability initiatives by reducing carbon emissions in transportation and promoting ethical sourcing. It enables greener and more sustainable business operations. This enhances customer satisfaction and retention.

Agile and Lean Supply Chain 40

Agile and Lean Supply Chain Supply chain management Supply chain management Supply Chain Optimization 40

World of Procurement blog

MAY 8, 2024

Enables adherence to policies and regulations through ethical, sustainable, and compliant practices. The procurement team manages the order, monitors quality, ensures on-time delivery, processes invoices, and handles any issues that arise during fulfillment. Setting the right KPIs ensures priorities are clear for the team.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

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. These tools often provide features like geo-location tracking, supplier profiles, and real-time risk alerts.

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Empowering CPO

JUNE 27, 2023

Traditional approaches to spend analysis relied heavily on manual processes and limited data visibility. We will explore how the integration of digital technologies and data-driven insights has transformed procurement practices, enabling organizations to make more informed decisions, maximize cost savings, and drive sustainable growth.

Real-time Visibility 40

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

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

IBM Supply Chain Blog

MAY 17, 2024

Generative AI activates predictive analytics and forecasting, enabling businesses to anticipate and respond to changes in demand, reducing stockouts and overstocking, and improving supply chain resilience. This content includes product descriptions, images, videos and even interactive experiences.

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Supply Chain Efficiency Real-time Visibility Supply Chain Optimization e2e 64

Supply Chain Game Changer

JULY 27, 2021

People will fall back into their old, comfortable ways and far too many will forget all about the need to embed resilience in their Supply Chains. For that reason we wonder whether the resilient Supply Chain is a passing fad or a sustainable strategy? What is a Resilient Supply Chain?

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Let's Talk Supply Chain

APRIL 13, 2025

‍ With increasing globalization and complexity in supply chains,companies are realizing the importance of effective risk management strategies.This market segment encompasses a wide range of solutions and services aimed at identifying, assessing, and mitigating risks within the supply chain.

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Risk management Supply Chain Optimization Supply Chain Efficiency Risk 52

Let's Talk Supply Chain

MARCH 17, 2025

Companies will need to embrace advanced technologies such as artificial intelligence, blockchain, and Internet of Things to optimize operations and enhance visibility across the supply chain. As we look ahead to 2025, several key trends are set to redefine supply chain management practices.

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Let's Talk Supply Chain

APRIL 20, 2025

Moreover, the symbiotic relationship between payments innovation and supply chain resilience underscores the interconnected nature of today’s business ecosystem. Furthermore, leveraging technology in payment processes is not just about efficiency, but also about resilience.

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