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

ivalua

Lack of shared data, visibility, and KPIs leads to disconnects, including poor supplier performance tracking and missed savings. Integrated platforms unify procurement and supply chain teams, improving collaboration, compliance, and supplier relationship management.

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See Through Disruptions: How Supply Chain Visibility Builds Resilience

SCMDOJO

Enhancing supply chain resilience as well as supply chain visibility is crucial in today’s interconnected world. Supply Chain Resilience refers to a supply chain’s ability to withstand and recover from unexpected events.

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5 Advantages of Supplier Relationship Management Software

Procurement Software

Supplier Relationship Management (SRM) can be complex. Supplier relationship management software can make things a little bit easier. Sales & Marketing teams have reaped the benefits of Customer Relationship Management (CRM) solutions & Marketing Automation for the past 15–20 years.

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5 Advantages of Supplier Relationship Management Software

Procurement Software

Supplier Relationship Management (SRM) can be complex. Supplier relationship management software can make things a little bit easier. Sales & Marketing teams have reaped the benefits of Customer Relationship Management (CRM) solutions & Marketing Automation for the past 15–20 years.

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The Importance of Supply Chain Visibility for Procurement

NLPA (Next Level Purchasing Association)

Supply chain visibility is essential for successful procurement, as it enables businesses to proactively manage risks and optimize their supply chain. By having a clear view of their entire supply chain, businesses can identify potential issues and take steps to mitigate them.

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Procurement Technology: Enterprise Solutions Driving Efficiency and ROI

ivalua

Compliance and Risk Management: The platform should help enforce policies with workflow automation, mitigate supplier risk using real-time analytics and AI, and support audit-readiness with centralized documentation and controls. Explore Ivalua’s intake management solution.

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Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience

ivalua

Below, we list 8 steps that manufacturers can take to build a more resilient supply chain in a post-covid world. Work to achieve 100% supply chain visibility. Why is visibility so important? By taking these steps, manufacturers will be better prepared to weather any future disruptions.