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Manufacturers Must Seek Better Supply Chain Visibility

ivalua

Unfortunately for manufacturers, there are many areas in need of improved visibility such as customer demand, inventory, total cost, and supplier risk. There are two initiatives that we believe manufacturers should elevate to the top of the priority list for their company: tracing the upstream supply chain and supplier capacity management.

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October Marked Seventh Straight Month of Increased Spare Capacity

Supply Chain Brain

The survey showed that the extent to which supplier capacity went underutilized was higher in October 2023 than it was in September and August.

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Procurement vs. Supply Chain Management: Differences, Challenges & Solutions

ivalua

Supplier master data, contract terms, pricing structures, and performance metrics should be available in a single source of truth. Ivalua’s Source-to-Pay platform brings together sourcing, a procure-to-pay solution, supplier management software, and invoicing – all in one place.

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8 Procurement Software Best Practices For 2025

ivalua

Collaborative Forecasting: Collaborative forecasting tools enable you to bridge the gap between internal demand forecasting and supplier capacity, ensuring sourcing plans are appropriate, suppliers will have capacity, and costly supply disruptions can be avoided.

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Supplier Collaboration: Fundamental to Elevating Manufacturing Performance

Jaggaer

For example, regionalizing EV battery manufacturers or suppliers of microchips in lower-risk countries can decrease dependencies, yielding advantages even if the manufacturing costs of the new suppliers are higher. The importance of proactive engagement with suppliers should not be underestimated.

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Is It Really The End Of The RFP Process As We Know It?

Procurement Insights

Percentage of Suppliers Responding to RFP Requests No definitive, broad-spectrum statistic exists for the percentage of suppliers who respond to RFPs across all industries. Response rates vary widely depending on industry, RFP complexity, supplier capacity, and perceived opportunity value. For example, a Responsive.io

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Building Stronger Relationships: Effective Approaches to Multi-Tier Supplier Collaboration

Jaggaer

Another benefit is more resilient supply chains that can profitably weather disruptions when the best-laid plans are interrupted. Key Strategies for Enhancing Collaboration From efficiently negotiating terms on a bid to determining supplier capacity in a high-risk category, supplier collaboration works to your advantage.