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7 Critical Supply Chain Management Trends for 2023

Zycus Cognitive Procurement

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. Here are the 7 supply chain management trends for 2023 – Building agile supply chain ecosystems. Introduction.

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Bridge the Gulf Between Supply Chain Planning and Finance

Supply Chain Brain

But serving two disparate plans is like driving your car with two GPS navigation devices giving you verbal directions to two different destinations in two foreign languages. Supply chain management is under increasing pressure to align with companies’ strategic plans.

professionals

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5 Big Ideas for CPOs in Europe to Develop Procurement Strategies for 2023

Zycus Cognitive Procurement

Procurement professionals who can define, execute and implement strategic planning processes are required for resilient and innovative procurement functions. As per Zycus’ Pulse of Procurement Survey, risk management was the top procurement priority for CPOs in 2022.

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Why Predictive Procurement in Health and Pharma is the Future

Arkestro

From April 2021’s “ A New Paradigm For Procurement ”: “As enterprises increasingly depend on an expanding and evolving supplier ecosystem, better optimization of strategic planning and procurement is paramount. By adopting this strategy, procurement teams build supply chain resilience and agility.

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Technology Support in Integrated Business Planning: Automation, Augmentation and Human Centricity

Supply Chain Trend

The importance of these drivers depends on the planning horizons, from the shortest – the Execution Horizon and Sales and Operations Execution – through Integrated Business Planning to the longest horizons of Strategic Planning and Visioning.

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Friends not Foes, Supplier Relationships Made to Last

ivalua

The tools can also assist in the build-out of supplier diversity programs to enrich supplier enablement and future strategic planning. . How to Achieve Supply Chain Resilience and Agility post Covid-19. Get a grip on their supplier relationships, improve your supplier management and, in turn, your own operations.

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The Impact of Digital Transformation on Spend Analysis

Empowering CPO

By addressing these challenges through strategic planning, collaboration, and leveraging digital tools and technologies, both organization successfully implemented digital spend analysis and achieved significant benefits.