article thumbnail

The Difference Between Logistics and Supply Chain

NLPA (Next Level Purchasing Association)

The globalized world relies on efficient and well-coordinated supply chains. Understanding this distinction is essential for anyone entering the procurement, purchasing, or supply chain field. It ensures the smooth and efficient flow of physical goods from one point in the supply chain to another.

article thumbnail

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.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Enhancing triparty repo transactions with IBM MQ for efficiency, security and scalability

IBM Supply Chain Blog

The exchange of securities between parties is a critical aspect of the financial industry that demands high levels of security and efficiency. With IBM MQ, parties can make sure that transactions are executed accurately and efficiently. This is critical in the financial industry, where security is paramount.

Demand 65
article thumbnail

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. Forrester’s study of 500 Procurement Professionals looked into the opportunities for SVM software to help return business to sustained growth.

article thumbnail

The New Tech Toolbelt: Digital Twins, IoT, Cobots, & More

Speaker: Cory Skinner, Founder and CEO of FactR

From limited visibility and a lack of real-time data to a lack of agility and responsiveness to changing market conditions, there's no shortage of difficulties that today's supply chain professionals can encounter. What can be done to not only address these challenges, but overcome them?

article thumbnail

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

article thumbnail

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.” Start by Putting the Right Technology in Place.