Procurement Tactics

JUNE 5, 2023

Furthermore, a global supply chain can be complex and involve a wide range of stakeholders, including suppliers, transportation providers, regulatory agencies, and customers. The use of advanced technologies and logistics strategies is often necessary to manage the complexity and risks associated with a global supply chain.

supply chain budgeting 192

supply chain budgeting supply chain software solutions Supply Chain Optimization Supply Chain Efficiency 192

Procurement Leaders

JANUARY 29, 2024

In association with SAP: Discover the actions and capabilities that are enabling leading organisations to improve supply chain visibility

Supply Chain Efficiency 100

Supply Chain Efficiency Supply chain Supply Chain Visibility Supply 100

Una

APRIL 23, 2024

Why Do We Need Supply Chain Visibility? Tips for Building an Effective Procurement Data Strategy Robots in Procurement Supplier selection & risk management Think of machine learning as your trusted advisor when it comes to choosing and monitoring suppliers.

Supply chain management 52

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

Spend Matters

JANUARY 17, 2024

From planning a product, design and simulation, to optimizing a specific process across the supply chain, customer expectations for AI integration continue to evolve as new applications for supply chain automation are discovered.

Procurement solutions 78

Procurement solutions Agile and Lean Supply Chain Procurement Supply Chain Optimization 78

ivalua

JUNE 1, 2022

Procurement teams had to work closely with suppliers to find creative ways to solve problems, and they instantly realized the benefits of transparency in their supply chains and supplier risk management for business continuity in times of crisis. Why is visibility so important?

Supply chain resilience 130

Supply chain resilience Supply Chain Efficiency Agile and Lean Supply Chain supply chain budgeting 130

ivalua

JUNE 16, 2021

In fact, a survey conducted by the Economist Intelligence Unit (EIU) found that 96% of respondents from the Middle East region were reconfiguring their supply chains in October 2020 — much higher than the global average of 83%. What’s more, PwC found that the average investment in risk management among MENA companies was $1.5

Eprocurement 130

Eprocurement Supply Chain Optimization Agile and Lean Supply Chain Procurement team 130

ivalua

MARCH 16, 2021

Procurement teams had to work closely with suppliers to find creative ways to solve problems, and they instantly realized the benefits of transparency in their supply chains and supplier risk management for business continuity in times of crisis. Why is visibility so important?

Supply chain resilience 130

Supply chain resilience Supply Chain Efficiency Agile and Lean Supply Chain supply chain budgeting 130

NLPA (Next Level Purchasing Association)

JANUARY 17, 2023

Risk Management : Provisions must be made to manage the following types of risks: Supply Risk: The possibility of production line shutdown, failure to meet customer requirements, and/or other catastrophes due to the non-availability of certain goods or services at a particular time.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Procurement Spend management Cost of ownership 52

Arkestro

DECEMBER 12, 2022

It’s vital that supplies are predictable, so you can get the products and services you need. To address supplier challenges, you must ensure your preferred providers can meet your changing needs and that you have a diverse supply base. Supply Chain Visibility. Supply chain visibility is another critical issue.

Real-time Visibility 52

Real-time Visibility Procurement e2e Raw materials 52

Skill Dynamics

OCTOBER 19, 2023

Because skills gaps can significantly impede performance and therefore supply chain success, it’s vital to address and overcome them. Frequent skills gaps include: Risk management – key for avoiding supply chain disruptions. Efficient and streamlined supply chain operations.

Supply Chain Optimization 52

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

Procurement Software

MAY 9, 2022

It provides a means to better monitor, spot, and address supplier-related risks. Many of today’s SRM software solutions include risk management, compliance management, and due diligence capabilities/functionality. Visibility is necessary to gain control over supplier risk, compliance, performance, contracts and spend.

Supplier relationship management 52

Supplier relationship management supply chain software solutions Suppliers Management 52

Procurement Software

MAY 9, 2022

It provides a means to better monitor, spot, and address supplier-related risks. Many of today’s SRM software solutions include risk management, compliance management, and due diligence capabilities/functionality. Visibility is necessary to gain control over supplier risk, compliance, performance, contracts and spend.

Supplier relationship management 52

Supplier relationship management supply chain software solutions Suppliers Management 52

ivalua

JULY 22, 2015

Supplier collaboration goes well beyond the sharing of product design documents, extending into initiatives involving product innovation, supply chain visibility, compliance, target cost programs, demand and capacity planning, and risk management.

Strategic sourcing 147

Strategic sourcing Strategic sourcing Sourcing Supplier consolidation 147

Supply Chain Game Changer

AUGUST 3, 2021

Inventory levels and Accounts Payable can be huge consumers of cash unless your Supply Chain is efficient. No other function has its fingers on the pulse of the operations of a company like Supply Chain. Risk management is real. Otherwise the risk is too great. Apparently no one.

Supply Chain Efficiency 119

Supply Chain Efficiency Supply chain e2e Real-time Visibility 119

SCMDOJO

APRIL 29, 2024

A well-managed supply chain enables businesses to respond swiftly to market demands, mitigate risks, and seize growth opportunities. Key Components of Supply Chain Management To understand supply chain management better, let’s dive into its key components.

Supply chain management 54

Supply chain management Supply chain management Agile and Lean Supply Chain Supply Chain Optimization 54

FourKites

DECEMBER 23, 2020

By outlining the major cost centers of your supply chain and optimizing your spending within each, you’ll be creating a much more favorable equation for improving supply chain planning and productivity. Cost control measures in supply chain efficiency should address three major areas: labor, inventory and transportation.

Supply Chain Efficiency 52

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

Supply Chain Game Changer

OCTOBER 28, 2021

According to the 2021 Deloitte Chief Procurement Officer Survey, “Around 70% of CPOs felt that they had good visibility on the risks that existed in their direct (tier 1) suppliers. Yet only 26% were able to confidently predict risk within their supply bases. And, only 15% had visibility into tier 2 or beyond.

supply chain budgeting 89

supply chain budgeting Procurement Supply Chain Efficiency e2e 89

SupplyShift

APRIL 20, 2018

However, just as no large business runs without a CRM, finance platforms, or HR platforms, for supply chain visibility spreadsheets do not scale, nor do they enable top-line value. Purpose-built platforms for supply chain data management go beyond data collection, and enable benefits beyond manual spreadsheet replacement.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply chain Supply Suppliers 52

Supply Chain Game Changer

NOVEMBER 27, 2019

A manager should be able to tell when an inefficiency arises and needs to deal with it accordingly. A big part of your supply chain process is to increase transparency. End-to-end supply chain visibility makes it much simpler to absorb and collect information. Top 10 Global Supply Chain Risks.

Supply chain management 74

Supply chain management Supply chain management Supply Chain Efficiency Supply Chain Optimization 74

EazyStock

FEBRUARY 13, 2019

Supply Chain Resiliency and Risk Management. Companies today have to consider the resilience of their supply chain and do their best to reduce risks. This way, replacement parts can be ordered ahead of time to be ready for when car owners take their car into the shop. Augmented Analytics.

Supply chain management 45

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

SupplyShift

APRIL 20, 2018

However, just as no large business runs without a CRM, finance platforms, or HR platforms, for supply chain visibility spreadsheets do not scale, nor do they enable top-line value. Purpose-built platforms for supply chain data management go beyond data collection, and enable benefits beyond manual spreadsheet replacement.

Supply Chain Efficiency 40

Supply Chain Efficiency Supply chain Supply Suppliers 40

Supply Chain Game Changer

NOVEMBER 16, 2022

It helps bring predictability to Strategic Sourcing, automates Transactional Procurement (or P2P cycle), and enables proactive Supplier Risk Management. Automation of procurement processes, along with a seamless integration of the other systems such as ERP, WMS, and TMS, will ensure enhanced supply chain visibility.

Supply Chain Efficiency 19

Supply Chain Efficiency Procurement Real-time Visibility Supply Chain Optimization 19

Supply Chain Opz

NOVEMBER 9, 2014

However, commonly used KPIs used by supply chain executives are usually focused on logistics performance (e.g., delivery reliability”), but is that really “supply chain thinking”? percentage of second-tier suppliers who follow a certain risk management or IT standard”). These are three examples: Rule 3.1:

Agile and Lean Supply Chain 109

Agile and Lean Supply Chain Supply Chain Efficiency supply chain budgeting Supply Chain Optimization 109

World of Procurement blog

APRIL 23, 2024

Cost Management: Keeping costs within budget while facing fluctuating material costs and unexpected expenses. Risk Management: Identifying and mitigating risks associated with delays, supply shortages, and contractual disputes.

Supply Chain Efficiency 52

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

World of Procurement blog

APRIL 23, 2024

Cost Management: Keeping costs within budget while facing fluctuating material costs and unexpected expenses. Risk Management: Identifying and mitigating risks associated with delays, supply shortages, and contractual disputes.

Supply Chain Efficiency 52

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

Procurement Software

MARCH 5, 2024

Their solution is made up of five modules: Payables Supplier management Analytics (spend, contract, and supplier intelligence) e-Sourcing Contract management Key Data: Founder / CEO: Vijay Caveripakkam Date Founded: 2019 Visit Raindrop profile in our Software Finder 4. Automated alerts help you track supplier performance and analysis.

Real-time Visibility 52

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

ivalua

FEBRUARY 25, 2021

Are ERP systems better than best-in-class supply chain solutions for managing healthcare supply chains? What are the pros and cons, and what supply chain strategy will pave the way to higher margins, improved supply chain risk management in healthcare and improved patient care?

supply chain budgeting 221

supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 221

Supply Chain Game Changer

OCTOBER 6, 2020

Now is the time to simplify every possible aspect of your Supply Chain. Digital Supply Chain Visibility. The backbone of a Digital Supply Chain is the end to end electronic connectivity of every part of a Supply Chain. We also run the risk of becoming complacent over time.

Supply chain 105

Supply chain Real-time Visibility e2e Supply 105

Supply Chain Game Changer

OCTOBER 20, 2020

Supply Chain Should Lead the Boardroom … the Coronavirus Proves it! Supply Chain Should Lead the Boardroom … the Coronavirus Proves it! Supply Chain Visibility Has Never Been More Important! Supply Chain Visibility Has Never Been More Important!

Import 70

Import Supply Chain Visibility Supply chain Sourcing 70