World of Procurement blog

APRIL 23, 2024

A significant driver of this evolution has been the integration of advanced technologies into procurement processes. Electronic Procurement (e-Procurement) Systems Electronic procurement platforms streamline the purchasing process by allowing businesses to automate operations such as order placement, invoicing, and payment processing.

Supply Chain Efficiency 52

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

ivalua

FEBRUARY 8, 2023

The pandemic saw incredible growth in this area and highlighted opportunities for improvement within procurement processes and procedures. As teams worked with suppliers through creative solutions, it became obvious that transparency and supplier risk management are essential components to maintain stability during crises like these.

Supply chain resilience 242

Supply chain resilience Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 242

IBM Supply Chain Blog

NOVEMBER 8, 2023

Though the rule doesn’t go into effect until January 2026, companies must proactively and strategically prepare their supply chain now, as this complex regulation will require companies to collect and maintain detailed information about the ingredients, processing and distribution of certain products.

Supply Chain Efficiency 115

Supply Chain Efficiency Real-time Visibility supply chain budgeting e2e 115

SCMDOJO

MARCH 19, 2024

While Its primary purpose is to manage the entire process, from procurement to delivery, efficiently and cost-effectively, it also coordinates with production to automate processes and planning, etc. These functions include procurement, production planning, inventory management, logistics, and customer service.

Supply Chain Optimization 74

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 74

Strategic Sourceror

OCTOBER 27, 2022

It can also help strengthen collaboration, which a number of successful supply chain leaders point to as something that helped their supply chains stay supple when the coronavirus struck. They all agreed that collaboration served as a binding agent. This way, suppliers and retailers can align their respective work processes.

Collaboration 105

Collaboration Supply Chain Efficiency supply chain software solutions Supply chain 105

Spend Matters

NOVEMBER 15, 2023

At the event, the provider revealed several new solution features, including a relatively robust sourcing module. The module is a big step, as Zip previously only handled the sourcing event request intake, vendor onboarding and contract signature/approval steps of the source-to-contract process.

Sourcing 93

Sourcing Contract Inventory Procurement 93

ivalua

APRIL 9, 2021

8 April, Redwood City, CA – Ivalua, a leading provider of global spend management cloud solutions , has announced the latest findings of a worldwide study of supply chain, procurement and finance business leaders on restoring growth. Inaccurate data leads to inventory management challenges.

Procurement strategies 130

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 130

Empowering CPO

FEBRUARY 23, 2024

As businesses seek agility, cost optimization, and data-driven decision-making, AI-powered solutions are becoming indispensable for procurement professionals. Procurement teams can proactively manage inventory, negotiate contracts, and mitigate risks. Change Management: Employees need training to adapt to AI-driven processes.

Procurement 52

Procurement Ethics Agile and Lean Supply Chain Supply Chain Optimization 52

ivalua

SEPTEMBER 14, 2022

Almost seven-in-ten (68%) of organizations view suppliers as a source of differentiation, while 66% now collaborate with suppliers to increase supply chain resilience. Over half (51%) of organizations plan to collaborate with more suppliers in the future – this is the number one planned change in supplier strategy for the next two years.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Supply chain Supply chain resilience Collaboration 130

ivalua

JULY 11, 2022

Redwood City, CA – 11 July, 2022 – Ivalua , a global leader in Cloud Spend Management solutions , announced the general availability of its new platform release 174. On the AI front, Ivalua enhanced its leading CLM solution with AI-Powered Contract Data Capture. AI-powered contract management. Follow us at @Ivalua. Media Contact.

Supply chain resilience 130

Supply chain resilience Collaboration Supply Chain Efficiency supply chain budgeting 130

ivalua

APRIL 8, 2021

8 April, Redwood City, CA – Ivalua, a leading provider of global spend management cloud solutions , has announced the latest findings of a worldwide study of supply chain, procurement and finance business leaders on restoring growth. Inaccurate data leads to inventory management challenges.

Procurement strategies 130

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 130

IBM Supply Chain Blog

FEBRUARY 19, 2024

But with the right tools and priorities, each step in the process can run smoothly. Effective SCM initiatives offer several benefits: Lower operational costs : By optimizing inventory levels , improving warehousing efficiency and streamlining order fulfillment processes, companies can save on storage, labor and transportation expenses.

supply chain software solutions 88

supply chain software solutions Supply chain management Supply chain management Supply Chain Efficiency 88

SCMDOJO

JULY 24, 2023

In this blog, we will answer the question: what is Contract Logistics, and explore its definition, solutions, challenges, and opportunities, understanding why Contract Logistics is considered as the hub of logistics today and how it can help businesses thrive in an ever-evolving market.

Contract 90

Contract Logistics Supply Chain Efficiency Supply Chain Optimization 90

SCMDOJO

JUNE 21, 2023

SCaaS is a technology-driven approach to managing supply chains, offering comprehensive end-to-end solutions for businesses. Companies often outsource or entrust these processes to third-party providers, reaping the abundant benefits of SCaaS. Let’s delve into this emerging concept.

Supply Chain Optimization 89

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting supply chain software solutions 89

IBM Supply Chain Blog

JUNE 29, 2023

Similarly, in the business world, when decision-making happens in silos and planning processes are disconnected, it’s like having a group of individuals playing their own instruments without any coordination. Imagine a symphony orchestra where each musician plays their own tune without listening to others.

supply chain software solutions 83

supply chain software solutions Real-time Visibility Agile and Lean Supply Chain Supply Chain Optimization 83

Spend Matters

JUNE 19, 2023

Spend Matters is featuring the top 5 digital capabilities of different procurement technologies and what functionality you can expect from average and top performing solutions, leveraging its SolutionMap dataset. What does an E-Procurement solution do? In this article, our analyst Xavier Olivera looks at E-Procurement.

Procurement solutions 89

Procurement solutions Procurement supply chain budgeting Real-time Visibility 89

SCMDOJO

DECEMBER 18, 2023

From making sure you have the right amount in stock to setting up programs to prevent issues to saving on costs , here are practical tips to help you make your spare parts management process smoother. This ensures that production processes remain uninterrupted, maximizing overall operational efficiency.

Supply Chain Efficiency 63

Supply Chain Efficiency Inventory control Management supply chain budgeting 63

SCMDOJO

NOVEMBER 30, 2023

The effective execution of supply chain planning and operational solutions largely depends on a company’s capacity to pinpoint and record its preferred value measures and results, ensuring these are in sync with its service provider.

supply chain software solutions 74

supply chain software solutions Supply Chain Efficiency Supply chain management Supply chain management 74

SCMDOJO

DECEMBER 28, 2023

The digital retail revolution can help in this area by digitizing all processes of receipt and tracking of goods. This integration ensures the visibility of inventory, efficient order processing, and synchronized fulfilment across all channels. Having clear visibility into inventory is critical for omnichannel fulfilment.

Supply Chain Efficiency 74

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization supply chain software solutions 74

ivalua

NOVEMBER 3, 2021

Ahlsell, a prominent international retail solutions provider, has led a complete digital transformation overhaul with a central focus on trading goods supplier management. Having successfully digitized the entire Source-to-Pay process, Ashell is on the path to evolving Procurement from a cost center into a competitive advantage.”.

Procurement 130

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

ivalua

JUNE 12, 2020

The need for Procurement to improve collaboration with suppliers, and other stakeholders, has gained broad acceptance in recent years. Looking beyond Covid-19, virtually any of Procurement’s growing list of objectives can be better achieved through better collaboration. Improving CSR/sustainability? Accelerating innovation?

Collaboration 130

Collaboration Suppliers Innovation Quality 130

Procurement Templates

MARCH 3, 2024

Stakeholder Engagement : It’s important to involve relevant stakeholders in the assessment process to ensure that their needs and preferences are considered. Procurement Category Analysis is a strategic process used by organizations to understand and optimize their spending within specific procurement categories.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

IBM Supply Chain Blog

NOVEMBER 15, 2023

Watsonx is comprised of three components that empower businesses to customize their AI solutions: watsonx.ai Exceptional customer care through AI solutions Today, customers expect seamless experiences and fast answers to their questions, and companies that fail to meet these expectations risk falling behind. In the background, watsonx.ai

supply chain software solutions 93

supply chain software solutions Supply Chain Efficiency Supply chain management Supply chain management 93

Finale Inventory

DECEMBER 5, 2022

Finale Inventory is proud to announce that we’ve joined Intuit’s QuickBooks Solution Provider Program. Small business owners can reduce errors and save time on manual transactions all while increasing efficiency with our tightly integrated inventory and accounting solution. Not familiar with QuickBooks Online ?

Inventory 52

Inventory Collaboration Management 52

SCMDOJO

APRIL 11, 2023

You’ll also learn about supply chain management and the various stages of the procurement process. Pros: Utilizes a hands-on approach with simulated problem-solving and team collaboration Offers a self-assessment document to assess your own S&OP process Keep track of how well you’re doing while you complete the learning goals.

Supply chain management 113

Supply chain management Supply chain management supply chain software solutions Supply chain 113

IBM Supply Chain Blog

APRIL 25, 2024

Business process reengineering (BPR) is the radical redesign of core business processes to achieve dramatic improvements in performance, efficiency and effectiveness. BPR involves business process redesign that challenges norms and methods within an organization.

Supply Chain Efficiency 54

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting supply chain software solutions 54

Finale Inventory

FEBRUARY 21, 2023

MWS enables you to perform numerous functions, such as managing inventory, reports and orders, creating inbound shipments, and tracking and managing outbound shipment requests. You might be aware that Amazon is in the process of upgrading from MWS to the Amazon selling partner API to provide a more robust user experience.

Inventory 52

Inventory Management Collaboration Networking 52

Procurement Templates

MARCH 6, 2024

Their calm demeanor and organizational skills make them the go-to person for managing complex processes and keeping the team healthy and on track. They may need to temper their approach with a bit of diplomacy and empathy to foster stronger relationships and collaboration.

Procurement 130

Procurement Procurement team Negotiation Innovation 130

Supply Chain Game Changer

SEPTEMBER 30, 2021

The AMRs sophisticated sensors will allow them to find the most efficient route to transport inventory and products. This ability makes them good collaborative robots that can work alongside human beings. These collaborative robots can bring the products to the picker, thus reducing the picker’s travel time.

Raw materials 95

Raw materials Supply Chain Efficiency Inventory Inventory control 95

ivalua

JUNE 1, 2022

In fact, the pandemic spurred enormous growth and expansion for Procurement, while helping uncover hidden weaknesses in procurement processes and procedures. Digital transformation will lead to the evolution and digitization of key procurement processes, from source-to-pay. Balance supply chain risk and resilience with ROI.

Supply chain resilience 130

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

SCMDOJO

MARCH 28, 2023

The use of complex technologies in managing inventory, transportation, trade, and other supply chain activities has been evolving for ages. With the advent of the digital age, businesses are constantly seeking innovative solutions to improve their operations. In comparison, a blockchain search only took 2.2

Supply Chain Efficiency 107

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization supply chain software solutions 107

Let's Talk Supply Chain

SEPTEMBER 25, 2023

Today I’m joined by industry-leading cloud solution SPS Commerce. SPS has been connecting businesses for over 20 years, empowering data collaboration in the retail supply chain with an expert team, proven processes, and industry-leading technology. When we describe what we do, we lead with collaboration.”

Retail Supply Chain 52

Retail Supply Chain Supply Chain Optimization supply chain software solutions Supply chain 52

Finale Inventory

MAY 23, 2023

If you’re affected by the sunsetting of QuickBooks Commerce, Finale Inventory’s cost-effective software offers advanced inventory management, robust reporting, and excellent customer support. Let’s look at why Finale Inventory is the perfect alternative to QuickBooks Commerce before its June sunset date. Don’t believe us?

Inventory 52

Inventory Management Data Collaboration 52

NLPA (Next Level Purchasing Association)

FEBRUARY 29, 2024

Category management empowers procurement teams to optimize spend, strengthen supplier relationships, and foster collaboration across departments , ultimately positioning procurement as a key driver of business success. Category management flips this script, emphasizing collaboration and building strong partnerships with key suppliers.

Category management 52

Category management Management Procurement Supplier relationship management 52

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

JUNE 30, 2023

​ Automotive supply chain facts Up to 50 percent of unscheduled downtime is due to a lack of spare parts or stockouts ( The Importance of Inventory Optimization in MRO, July 2015 , Aberdeen Group) Generally, 99% of [semiconductor] manufacturing foundries have no visibility where the part is going. Why is this happening?

supply chain budgeting 66

supply chain budgeting Supply Chain Optimization Supply Chain Efficiency Real-time Visibility 66

Finale Inventory

OCTOBER 6, 2023

WMS is not merely a tool for monitoring inventory or managing space; it is a critical component for streamlining operations, boosting productivity, and maintaining impeccable customer service standards. Inventory Turnover Rate : Inventory is the lifeblood of any warehouse operation.

Supply Chain Optimization 52

Supply Chain Optimization Management Quantity Inventory 52