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Webinar Recap: Procurement 2022, Big Trends and Predictions

ivalua

During the webinar, Ardent Partners highlighted a series of market trends and predictive scenarios for 2022, focusing on massive challenges brought on by the global pandemic that procurement organizations are facing today and present a thoughtful discourse on the road ahead. View Webinar Replay. Impact from Covid-19 will be massive.

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Financial planning & budgeting: Navigating the Budgeting Paradox

IBM Supply Chain Blog

Budgeting, an essential pillar of financial planning for organizations, often presents a unique dilemma known as the “Budgeting Paradox.” ” Ideally, a budget should give the most accurate and timely idea of anticipated revenues and expenses. It’s not about dismissing traditional budgeting.

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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. million, up from $1.9

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4 Ways Modern Software will Empower Digital Procurement

ivalua

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. According to Jones, there four key areas in which modern software will enable and empower procurement: 1) Optimize automation.

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How Modern Software Empowers Procurement with Agility and Resilience in Times of Crisis

ivalua

The pandemic wreaked havoc on businesses and their supply chains, but even in these trying times, there’s a silver lining. The job of sourcing professionals is to understand the risk in the supply chain and manage it so they can react quickly when a problem occurs.” But cost reduction is no longer sufficient.

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Beginner’s Guide to Managing Spend

NLPA (Next Level Purchasing Association)

This includes budgeting, forecasting, and optimizing the utilization of available funds. Cultivating strong supplier partnerships enhances collaboration, fosters innovation, and ensures a reliable supply chain. This involves reviewing historical expenditure data to identify patterns, trends, and opportunities for cost reduction.

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Challenges of today’s monolithic data architecture

IBM Supply Chain Blog

Watch a webinar on cloud data warehousing Resolving the challenges of a monolithic data architecture Software vendors understand these challenges, and several have tried to address the challenges in their own way. Fortunately, the IT landscape is changing due to a mix of cloud platforms, open source and traditional software vendors.

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