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Risk management Strategy Supply Chain Efficiency Supply Chain Optimization 
Procurement Tactics
JUNE 5, 2023
First Name Email Download 51 Prompts → Or receive our famous weekly newsletter Global Supply Chain — Everything About Supply Chain Global supply chain has become a popular way for businesses to source unique materials and products from other countries as they are unavailable domestically.
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. years and companies can expect to lose 42% of one year’s EBITDA every decade due to supply chain disruptions.
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IBM Supply Chain Blog
FEBRUARY 19, 2024
In today’s complex global business environment, effective supply chain management (SCM) is crucial for maintaining a competitive advantage. Here’s how companies are using different strategies to address supply chain management and meet their business goals.
SCMDOJO
APRIL 29, 2024
Are you interested in understanding how businesses effectively manage their supply chains? Look no further – this guide is here to help you grasp the fundamentals of supply chain management (SCM) and how it can lead to success.
SCMDOJO
MAY 2, 2024
The COVID-19 pandemic, along with disruptions such as Brexit, trade wars, and geopolitical tensions, has highlighted the need for business leaders to take a closer look at their supply chains to strike a balance between resilience and efficiency.
SCMDOJO
MAY 2, 2024
The COVID-19 pandemic, along with disruptions such as Brexit, trade wars, and geopolitical tensions, has highlighted the need for business leaders to take a closer look at their supply chains to strike a balance between resilience and efficiency.
SCMDOJO
MARCH 19, 2024
In today’s fast-paced business landscape, having an efficient supply chain department is more important than ever. A streamlined supply chain can make a significant impact on the overall success of a business, improving operational efficiency, increasing customer satisfaction, and driving revenue growth.
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. How does data analytics help supply chain optimization?
Una
APRIL 23, 2024
How Machine Learning is Transforming Supply Chain Management Machine learning applied to supply chain management allows businesses to enhance decision-making and streamline operations. Machine learning, a subset of AI, has emerged as a game-changer in the world of supply chain management.
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. Sourcing teams are automating processes like data analysis as well as supplier relationship management and transaction management.
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IBM Supply Chain Blog
FEBRUARY 13, 2024
In this age of supply chain disruptions that hold the power to upend entire industries, strength and resilience across the entire value chain is no longer a nice-to-have—it’s a survival tactic. Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals.
Empowering CPO
JUNE 30, 2023
Introduction In the dynamic world of business, the ability to effectively manage and optimize supply chains has emerged as a critical success factor. At the heart of this revolution lies a powerful tool that many companies are now leveraging to achieve competitive advantage: Managed Procurement Services.
Procurement Templates
MARCH 7, 2024
Contract management: Procedures for drafting, negotiating, executing, and monitoring contracts to ensure compliance with terms and conditions, as well as regulatory requirements. I curate best book marks so you don’t need to hunt around!
NLPA (Next Level Purchasing Association)
APRIL 8, 2024
The globalized world relies on efficient and well-coordinated supply chains. Understanding this distinction is essential for anyone entering the procurement, purchasing, or supply chain field. It ensures the smooth and efficient flow of physical goods from one point in the supply chain to another.
HICX
FEBRUARY 15, 2024
As an increasing number of organizations engage with vendors on a global level to fulfill their supply chains, the need for supply chain robustness has never been so critical. The Global Supply Chain Landscape: What is the current situation?
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. The complexity of the e-commerce landscape is compounded by the presence of multiple sales channels, posing challenges to efficient management.
Skill Dynamics
OCTOBER 19, 2023
This leads to professional growth and supply chain efficiency – just two benefits of role-based training , of which there are many more. Elevating Procurement Excellence Through Targeted Training Role-based procurement training is ideal because procurement and supply chain roles often come with role-specific challenges.
ivalua
JUNE 10, 2020
The Covid-19 pandemic has exposed the fact that many supply chains remain inadequately prepared for a crisis. Supply chain management and procurement sit poised on the frontlines of managing global supply risks for their brands. Understanding Supplier Risk Management.
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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.
Let's Talk Supply Chain
AUGUST 14, 2023
Today I’m joined by Osa Commerce , an innovative software provider that is on a mission to tackle data chaos in the supply chain. Throughout my career, I have successfully led GTM strategies, built strong brands, and managed high-growth teams. The customer is demanding much more, they want everything fast!…
World of Procurement blog
APRIL 23, 2024
In the ever-evolving landscape of business operations, staying ahead in managing procurement processes efficiently is crucial. Enter Procurement Software, a transformative suite of tools designed to streamline purchasing activities and supply chain management.
World of Procurement blog
APRIL 23, 2024
In the ever-evolving landscape of business operations, staying ahead in managing procurement processes efficiently is crucial. Enter Procurement Software, a transformative suite of tools designed to streamline purchasing activities and supply chain management.
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.
Procurement Templates
MARCH 3, 2024
This assessment aims to identify what the organization needs to procure to fulfill its objectives effectively and efficiently. Risk Assessment : Identifying potential risks associated with procurement activities is essential for effective planning and mitigation.
IBM Supply Chain Blog
DECEMBER 13, 2023
A procurement strategy allows an organization to navigate an increasingly complex global supply chain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. A procurement strategy is not merely a series of steps for acquiring goods and services.
Procurement Tactics
JUNE 28, 2023
Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. In this article, we are going to explore what procurement tracking is, its importance in business and the tools to be used when conducting it for its efficient execution. Menu Course Library 1. Procurement Tracking: Why is it Important?
World of Procurement blog
MAY 8, 2024
Value-add : Procurement aims to add value by optimizing processes, consolidating spend, and building supplier relationships. Metrics : Procurement tracks savings, efficiencies, supplier performance, and risk. Mitigates risk by selecting reliable suppliers, managing supplier relationships, and ensuring continuity of supply.
FourKites
DECEMBER 23, 2020
Calculating the productivity and efficiency of any operation is, at its most basic, determining the ratio of cost inputs to revenue generated. Supply chain productivity is no different. Cost control measures in supply chain efficiency should address three major areas: labor, inventory and transportation.
Empowering CPO
JULY 2, 2023
The procurement process, which involves sourcing and purchasing goods and services, plays a vital role in ensuring businesses operate efficiently and competitively. Yet, the intricacies of this process, especially in terms of supplier management, can present a myriad of challenges. This is where our blog post comes in.
ivalua
APRIL 25, 2023
Ivalua, a global leader in spend management , and KPMG Norway today announced that Aker BP has gone live with Ivalua’s S2C and Supplier Relationship and Risk Management (SRM) solutions to streamline its direct and indirect procurement operations. About Ivalua Ivalua is a leading provider of cloud-based Spend Management software.
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Empowering CPO
MAY 5, 2023
Embracing digital technologies has become a necessity for companies to streamline operations, improve customer experiences, and increase overall efficiency. It is responsible for managing the entire process of acquiring goods and services, from identifying suppliers to ensuring timely deliveries.
ivalua
APRIL 27, 2023
CTA April 28, 2023 | | Supply Chain by Vishal Patel Cost, Risk, and Sustainability. We’re looking for cost mitigation strategies and new ways to deliver value,” she said. “To According to Supply Chain Now’s Greg White, the cracks have been exposed and there is nowhere to hide.
ivalua
APRIL 27, 2023
Ivalua Spend Management Insights [ivory-search] A Balancing Act: Drive Sustainability while Managing Cost and Risk April 27, 2023 | | Supply Chain by Vishal Patel Cost, Risk, and Sustainability. We’re looking for cost mitigation strategies and new ways to deliver value,” she said. “To
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World of Procurement blog
APRIL 23, 2024
Procurement plays a critical role in the operational efficiency and financial health of an organization. Implement Strategic Sourcing Strategic sourcing involves a methodical approach to finding, selecting, and managing suppliers. A proactive approach to risk management can safeguard against unexpected challenges.
World of Procurement blog
APRIL 23, 2024
Procurement plays a critical role in the operational efficiency and financial health of an organization. Implement Strategic Sourcing Strategic sourcing involves a methodical approach to finding, selecting, and managing suppliers. A proactive approach to risk management can safeguard against unexpected challenges.
Procurement Tactics
MAY 30, 2023
Their primary responsibilities include negotiating with suppliers to obtain favorable terms and prices, ensuring the quality and timely delivery of goods and services, and managing the procurement process from start to finish. Furthermore, procurement managers may work in various industries, including manufacturing, retail, and government.
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Arkestro
SEPTEMBER 29, 2023
Autonomous procurement refers to the use of advanced technologies to streamline and optimize the procurement process. Procurement teams run at the highest level of efficiency with autonomous procurement. Cost Savings Organizations that adopt autonomous procurement are able to optimize supplier selection and negotiation.
Procurement Tactics
OCTOBER 13, 2022
Strategic Sourcing Manager — The Ultimate Guide. A strategic sourcing manager is a key person in ensuring that the strategic process is effective and efficient. In this article, we will discuss what a strategic sourcing manager is. Generate and integrate efficient sourcing and category management strategies.
World of Procurement blog
APRIL 23, 2024
Procurement analytics is the process of collecting, processing, and analyzing data related to an organization's purchasing activities to improve efficiency, reduce costs, and provide valuable insights into supply chain operations. What Should You Measure?
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World of Procurement blog
APRIL 23, 2024
Procurement analytics is the process of collecting, processing, and analyzing data related to an organization's purchasing activities to improve efficiency, reduce costs, and provide valuable insights into supply chain operations. What Should You Measure?
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Arkestro
APRIL 25, 2023
Resources / Blog / Reducing Construction Costs & Improving Sourcing Efficiency with Predictive Procurement Reducing Construction Costs & Improving Sourcing Efficiency with Predictive Procurement Construction companies face a host of challenges in the post-COVID era. from February 2020 to August 2022.
Procurement Insights
JANUARY 5, 2023
I just read this article on the Mintec blog by Mita Gupta about Digital Strategy and Implementation. She accurately and succinctly explains the juxtaposition between the digitization and digitalization of the supply chain. What is a digital strategy, and how do you implement it successfully? The Proof Is in the Results.
Arkestro
FEBRUARY 20, 2024
in 2023 , even as organizations continue to grapple with talent shortages, budget cuts, supply chain issues, and global inflation. and an efficiency gap of 7.8%, which is forcing procurement teams to shift priorities and do more with less. The result? An industry productivity gap of 7.4%
Empowering CPO
JULY 16, 2023
Our services range from spend analysis and supplier relationship management to contract management, strategic sourcing, and e-procurement solutions. With EmpoweringCPO, your procurement processes are not just managed; they’re transformed and empowered.
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