Procurement Tactics

JANUARY 9, 2023

It is one of the major disruptors for organizations as it is driven by environmental, financial, and societal pressures. . This collaboration will help you and other businesses in the same industry to reduce the negative impact of all your operations and potentially create new processes to streamline your business activities. .

Sustainability 210

Sustainability Collaboration Strategy Suppliers 210

Una

MARCH 27, 2024

But as a procurement professional, your impact can be enormous. It depends on where you work: many industrial processes have the potential to produce hazardous waste , while certain sectors (energy, construction, agriculture, fashion, and transport) generate more waste than others. Here are some tips for doing so.

Sustainability 52

Sustainability Innovation Collaboration Suppliers 52

IBM Supply Chain Blog

JULY 26, 2023

AI solutions work by collecting asset performance data and feeding it into machine learning models, which can predict asset health and risk of failure. This use case shows how AI can help by processing unstructured image and video data in addition to structured data in the previous examples. Some companies are already working on them.

Sustainability 80

Sustainability Route optimization Inventory Demand 80

ivalua

APRIL 19, 2022

This year, we’re centering our event around the theme “Stronger Together” to celebrate the collective challenges we have overcome and how we can move forward with renewed priorities. Connecting the Dots Between ESG Objectives and Source-to-Pay Processes, Ecovadis + Capgemini. ESG – Environmental & Social Impact .

Chief Procurement Officer 130

Chief Procurement Officer Supply Chain Optimization Eprocurement Innovation 130

IBM Supply Chain Blog

JANUARY 24, 2024

There are times, though, when organizations prefer to keep certain applications and data in their own data center—security and compliance requirements or control of sensitive data for example. But on-premises can also mean the need for a refresh, especially as new technologies, services and processes come into play.

Data 66

Data Strategy Demand Budget 66

IBM Supply Chain Blog

DECEMBER 12, 2023

Embracing responsible emissions management can transform how organizations impact the health and profitability of their assets. These processes result in byproducts, including leaks, effluents, waste oil and hazardous waste. This opportunity is undeniable. Well-maintained assets produce fewer byproducts and last longer.

Management 77

Management Sustainability Strategy Strategic planning 77

Spend Matters

OCTOBER 24, 2023

This year, our analysts identified three solution providers that have proven their potential to be considered best-in-class, one of which is source-to-pay suite provider Onventis. During the decision-making process, our analysts concurred: “Onventis has been an actor of the digital transformation of procurement since the 2000s.

Procurement solutions 91

Procurement solutions Supply Chain Efficiency Procurement supply chain software solutions 91

IBM Supply Chain Blog

NOVEMBER 29, 2023

These challenges include a combination of paper-based and digital processing, slow processing, ambiguity and a loss of trust in the market. The outcomes of these challenges have manifested in various ways including reduced water quality due to shortages and reduced environmental flows.

Networking 82

Networking Sustainability Leadership Negotiation 82

ivalua

APRIL 27, 2023

Tackling Today’s Procurement Challenges According to Roach, Procurement is experiencing a “triple squeeze” in today’s business environment as inflation, labor force shortages, and supply chain disruption continue to impact the value Procurement delivers to organizations. To do so, we need to get creative and curious.”

Supply Chain Efficiency 130

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization Sustainability 130

ivalua

APRIL 27, 2023

Tackling Today’s Procurement Challenges According to Roach, Procurement is experiencing a “triple squeeze” in today’s business environment as inflation, labor force shortages, and supply chain disruption continue to impact the value Procurement delivers to organizations. To do so, we need to get creative and curious.”

Sustainability 130

Sustainability Risk Supply Chain Efficiency Agile and Lean Supply Chain 130

Supply Chain Game Changer

JULY 14, 2021

Procurement is fundamentally centered around the act of acquisition and/or buying. Sustainability is fundamentally centered around the act of conservation. Procurement can be seen as a primary propellant of production that inevitably leads to consumption. 5 Quick Tips to embed Sustainability into Procurement.

Sustainability 98

Sustainability Procurement supply chain budgeting Agile and Lean Supply Chain 98

ivalua

MAY 30, 2023

The Procurement function is a vital part of the program and can have a significant impact on its success. It is an important part of the decision-making process and requires careful consideration of a wide range of factors, such as cost, quality, reliability, and delivery times.

Eprocurement 49

Eprocurement Procurement Supply Chain Efficiency Supply chain resilience 49

SCMDOJO

JUNE 14, 2023

In today’s competitive market, the successful operation of a business hinges on the smooth integration of various processes and information management systems, especially when it comes to 3PL integration. This article delves into the development of a robust and scalable Orchestration Solution specifically designed for 3PL integration.

Supply Chain Efficiency 77

Supply Chain Efficiency Real-time Visibility Supply Chain Optimization Logistics 77

IBM Supply Chain Blog

JANUARY 15, 2024

As such, organizations are increasingly interested in seeing how they can apply the whole suite of artificial intelligence (AI) and machine learning (ML) technologies to improve their business processes. Low-code helps the DevOps team by simplifying some aspects of coding and no-code can introduce non-developers into the development process.

Raw materials 78

Raw materials Supply Chain Efficiency Data Business strategy 78

Una

FEBRUARY 20, 2023

Negotiate better contract terms with suppliers One of the most impactful ways to drive immediate savings is to renegotiate pricing and other contractual terms with suppliers. Remember, maverick spend may be the end result of clunky or difficult procurement processes. A manufacturer may find a more cost effective packaging solution.

Procurement strategies 98

Procurement strategies Strategy Procurement Agile and Lean Supply Chain 98

Supply Chain Game Changer

AUGUST 5, 2021

Whether you’re whipping up a pot of Sunday gravy or building strategy, process, and/or adopting new systems for Supplier Management it’s important to identify your secret recipe of essential ingredients for success. 2 dl | Transformation/Process Managers. But, one can’t evolve a pasta sauce without trying new things either.

Suppliers 98

Suppliers Management Supply Chain Efficiency Agile and Lean Supply Chain 98

SCMDOJO

AUGUST 21, 2023

Customers exhibit a predisposition to place their trust in recommendations from the influencers they follow, thereby fostering augmented brand loyalty and a positive impact on the supply chain, evident through recurring business and the propagation of word-of-mouth marketing.

Supply Chain Optimization 97

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain supply chain software solutions 97

Positive Purchasing

DECEMBER 6, 2023

Here is how our conversation went: We Start Where We Can Have the Greatest Impact Jonathan: ALDI is a huge retailing business with thousands upon thousands of different items, sourced from all corners of the world. With such a range of potential environmental and social risks and impacts, where on earth do you start?

Sustainability 64

Sustainability Price Supply Chain Efficiency Agile and Lean Supply Chain 64

Empowering CPO

JULY 16, 2023

Managed procurement services can be defined as an external service that helps streamline a company’s acquisition processes, offering an end-to-end solution that takes into account all aspects of procurement – from sourcing to payment.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

Supply Chain Game Changer

AUGUST 10, 2021

Given the astronomical increases in lumber pricing, the core element of the wooden pallet, we felt it was time to look at the Pallet Supply Chain and the impacts that lumber pricing is having on this industry. Lumber Pricing Impacts. Pallets are the standard platform on which virtually all of our goods are moved and stored. Conclusion.

Price 98

Price Supply Chain Efficiency Supply chain Supply 98

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. Alerting up enables you to look at environmental factors such as traffic or weather, and identify that a delivery is likely to be late.

supply chain software solutions 130

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

Una

JULY 27, 2023

Environmental/Sustainability skills Procurement needs more individuals with knowledge and passion for environmental and sustainability practices. Coding skills will enable people to automate processes, analyze data efficiently, and develop customized solutions to enhance procurement operations. Who would be a good fit?

Procurement 52

Procurement Sustainability Contract Negotiation 52

Zycus Cognitive Procurement

MAY 31, 2022

Broken supply chains, unavailability of heavy goods vehicle (HGV) drivers and production stoppages had a negative impact. Third-party relationships have a much more profound and far-reaching impact on the strategy, operations, and reputation of an organization. The last two years have been turbulent for the manufacturing industry.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Risk Supply chain 52

Empowering CPO

JULY 16, 2023

Managed procurement services can be defined as an external service that helps streamline a company’s acquisition processes, offering an end-to-end solution that takes into account all aspects of procurement – from sourcing to payment.

Supply Chain Efficiency 40

Supply Chain Efficiency Management Procurement Supply Chain Optimization 40

IBM Supply Chain Blog

APRIL 18, 2024

But, unlike humans, AGIs don’t experience fatigue or have biological needs and can constantly learn and process information at unimaginable speeds. Achieving these feats is accomplished through a combination of sophisticated algorithms, natural language processing (NLP) and computer science principles.

Data 90

Data Supply Chain Efficiency supply chain budgeting Supply Chain Optimization 90

Supply Chain Game Changer

MAY 1, 2019

In this article, I aim to identify the technologies which are expected to make the most profound impact on logistics, as well as the major barriers to the digitalization of the sector. Emerging Technologies in Logistics & Their Potential Impact. INTERNET OF THINGS. trillion on logistics and supply chain within the next five years.

Logistics 98

Logistics supply chain software solutions Supply Chain Efficiency Supply Chain Optimization 98

SPLC (Sustainable Purchasing Leadership Council)

MAY 29, 2019

Leading organizations acknowledged for effective and impactful sustainable purchasing. They overhauled their purchasing policies and publicly announced 2025 climate objectives, and now more than 40% of company sales are related to solutions involving life and environmental protection. FOR IMMEDIATE RELEASE May 22, 2019.

Leadership 40

Leadership Purchasing Sustainability Supply Chain Efficiency 40

Empowering CPO

JUNE 14, 2023

At its core, procurement is the process of finding, agreeing to terms, and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process. The focus here is primarily on cost reduction, with procurement seen as a cost center rather than a value-add function.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Empowering CPO

JULY 17, 2023

It’s the complex process through which businesses source and acquire the goods and services they need to operate and grow. From securing raw materials to procuring top-tier services, these purchases directly impact a company’s efficiency, productivity, and bottom line.

Supply Chain Efficiency 52

Supply Chain Efficiency Management Procurement Supply Chain Optimization 52

Planergy

JANUARY 26, 2023

Environmental Risks This one is especially important for businesses focused on environmental, social, and governance (ESG) issues. The procurement team must always evaluate environmental risks created by contractors and suppliers. Source what you can from reclamation centers and use recycling whenever possible.

Risk 52

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

IBM Supply Chain Blog

MARCH 18, 2024

In contrast, non-renewable resources are not only finite, but cost more as their availability declines and require more extreme extraction methods with greater environmental impacts. Inexhaustible supply One of the main benefits of renewable energy sources like the sun, wind and water is that they will never run out.

Supply Chain Optimization 19

Supply Chain Optimization Raw materials Sourcing Data 19

EazyStock

JANUARY 27, 2021

Last year’s list of supply chain and inventory management trends to look out for in 2020 included things like “greening” the supply chain (that is, the growth of environmentally-friendly practices in every step of the supply chain), the growth of artificial intelligence (AI) and machine learning and globalization for small- and mid-sized businesses.

supply chain software solutions 96

supply chain software solutions Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization 96

Supply Chain Game Changer

NOVEMBER 25, 2018

These are some of the key industry trends in delivery logistics and supply chain management which will take center stage in the upcoming year: 1. From the millions of data points and variables in any supply chain should come the knowledge required to determine business strategies and to support decision-making processes.

Logistics 58

Logistics Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization 58

Supply Chain Game Changer

JUNE 8, 2021

You touch every part of the business and can have an impact in many ways. So, learn from other people’s perspectives, gain skills in all the fundamental processes, understand how they all interact and learn to connect the dots. How is your organization’s Supply Chain impacting the business? Do what you love! Get an education.

Supply Chain Efficiency 97

Supply Chain Efficiency supply chain budgeting Supply chain Leadership 97

Finale Inventory

MARCH 28, 2024

While the challenge is complex, there are concrete solutions within reach – especially in ecommerce operations management, where small changes can accumulate to significantly reduce environmental impacts. Reduce overstocks Holding excess inventory isn’t just costly to the bottom line; there are environmental costs, too.

Supply Chain Efficiency 52

Supply Chain Efficiency Raw materials Inventory Sustainability 52

IBM Supply Chain Blog

MARCH 12, 2024

But flash floods, hurricanes and winter storms also profoundly impact utilities. The combination of the IBM® Maximo® Application Suite (MAS) and the IBM® Environmental Intelligence Suite offers a robust tool to help utilities better prepare for extreme weather conditions: 1.

Data 63

Data Risk Management Strategy 63

IBM Supply Chain Blog

MAY 25, 2023

natural language processing and machine learning models) to automate and streamline operational workflows. And every second counts—a recent IDC survey found that a single hour of downtime costs an average of USD 250K or more when a revenue-generating production service is impacted. as a result. of global electricity use.

Real-time Visibility 77

Real-time Visibility Data Cost optimization Sustainability 77