Arkestro

MAY 21, 2024

Resources / Blog / 3 Things to Know About Arkestro’s Exclusive Advisory Council Events 3 Things to Know About Arkestro’s Exclusive Advisory Council Events It’s no secret that anyone working in procurement — from CPOs to procurement managers — has their work cut out for them in 2024. No spam, just relevant procurement news and tips.

supply chain budgeting 52

supply chain budgeting Agile and Lean Supply Chain Suppliers Logistics 52

Spend Matters

JANUARY 5, 2024

Our coverage also explores the latest thought leadership topics about procurement and supply, the technology that serves it and comparative analyses based on demos and the scoring of 500+ RFI requirements across 12 source-to-pay (S2P) categories that create our Vendor Ranking data. AP Automation Tipalti is an AP automation specialist.

e2e 73

e2e Procurement supply chain software solutions Contract 73

Spend Matters

APRIL 4, 2024

Our coverage also explores the latest thought leadership topics about procurement and supply, the technology that serves it and comparative analyses based on demos and the scoring of 500+ RFI requirements across 12 source-to-pay (S2P) categories that create our Vendor Ranking data.

Procurement 79

Procurement Risk management Raw materials supply chain software solutions 79

IBM Supply Chain Blog

OCTOBER 30, 2023

In July 2023, the Securities and Exchange Commission (SEC) voted to adopt new cybersecurity rules and requirements for all market entities to address risks. Within the last decade, cybersecurity breaches have been on the rise as one of the biggest risks for companies of all industries and verticals. million, representing a 15.3%

Data 79

Data Leadership Risk management Risk 79

SCMDOJO

MAY 2, 2024

A dynamic and responsive infrastructure, robust risk management practices, and strong relationships with suppliers and partners characterize them. Managing Operational Risk: Supply chain disruptions pose significant operational risks to businesses. A resilient supply chain can: 1.

Agile and Lean Supply Chain 57

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Supply Chain Optimization 57

IBM Supply Chain Blog

OCTOBER 16, 2023

As more businesses use AI systems and the technology continues to mature and change, improper use could expose a company to significant financial, operational, regulatory and reputational risks. AI governance refers to the practice of directing, managing and monitoring an organization’s AI activities.

Risk 75

Risk Management Ethics Real-time Visibility 75

Spend Matters

JANUARY 9, 2024

ChatGPT-3 made almost every news headline, lauded as a groundbreaking tool that will change the operations of every industry. This might be for small use cases like replacing Google when we have a question or more advanced cases like supporting category managers in the buying process. There’s been a lot of hype around AI this year.

Procurement 75

Procurement Buying process Suppliers Category management 75

IBM Supply Chain Blog

JUNE 20, 2023

But it also leads to a higher risk for new, unknown quality issues, and therefore potential warranty topics. This leads to a reduction in total warranty costs for software related warranty topics in a customer-friendly and efficient way. Warranty management is a continuous process. What does that mean? and Canada.

Data 88

Data Suppliers Quality Management 88

IBM Supply Chain Blog

APRIL 25, 2024

Product-embedded or online support tools, such as virtual assistants, can drive more informed and efficient support interactions with client self-service. Those who implement self-service search into their sites and tools can become exponentially more powerful with generative AI.

e2e 72

e2e Inventory Data Contract 72

ivalua

JUNE 16, 2021

What’s more, PwC found that the average investment in risk management among MENA companies was $1.5 Such tools help procurement teams predict disruptions, assess risk, and make informed decisions to mitigate the impact of supply chain disruptions. million, compared to $1 million in EMEA during the pandemic.

Eprocurement 130

Eprocurement Supply Chain Optimization Agile and Lean Supply Chain Procurement team 130

Positive Purchasing

MAY 3, 2024

Category Management in Purchasing , now in its 5th edition, is a comprehensive and practical guide to approaching purchasing and procurement strategically, effectively, and sustainably through category management. The new edition provides key updates to the 5i® Category Management methodology with sustainability embedded at every step.

Category management 52

Category management Purchasing Supplier relationship management Management 52

Procurement Heads

DECEMBER 15, 2022

For Procurement Heads ‘ latest Big Interview, James spoke with James Dobbin about all things procurement – including his own procurement career, insights into Portland, current hot procurement topics and what he looks for when hiring into his team. How did you get into procurement? I’ve been in procurement for such a long time now.

Sustainability 130

Sustainability Supplier relationship management Contract management Procurement 130

IBM Supply Chain Blog

SEPTEMBER 6, 2023

The potential of this powerful new tool spans the entire end-to-end marketing process, from internal communications and productivity to customer-facing channels and product support. The generative AI tool can also incorporate external factors like weather, upcoming events or the shopper’s location.

Data 119

Data Strategy Ethics Quality 119

HICX

JUNE 12, 2023

Supplier risk monitoring The second biggest trend he sees right now is around supplier risk. Companies must also publish an annual report that outlines the steps they have taken to identify and address these risks.  Due to this, Yash says that they are getting a lot of requests to help with supplier risk monitoring.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supplier relationship management Suppliers Risk 52

The Good Spending

APRIL 30, 2023

Contract Lifecycle Management (CLM) does the rescue by effectively managing contracts from initiation to execution and beyond. Typical misconceptions about Contract Lifecycle Management Despite many apparent virtues of CLM, several misconceptions often surround it. 1️⃣ CLM is only for large enterprises. ?

Contract 52

Contract Management e2e Negotiation 52

Spend Matters

MARCH 11, 2024

Tech newcomers to PSI and Spend Matters FISCAL We met David Griffiths, CEO of FISCAL , a P2P risk management solution offering fraud forensics and SaaS risk software. David presented on the top P2P risks that all businesses should be looking out for. Compliance and GDPR — does the data stay locked?

Procurement strategies 89

Procurement strategies Innovation Strategy Procurement 89

IBM Supply Chain Blog

DECEMBER 15, 2023

As a result, these technologies quite often lead to the best tools to handle complex challenges across many enterprise use cases. Readily available frameworks and tools empower developers by saving time and allowing them to focus on creating bespoke solutions to meet specific project requirements. Governments like the U.S.

Sourcing 69

Sourcing Innovation Data Collaboration 69

SCMDOJO

JUNE 6, 2023

Data analytics, among more modern topics, require extensive research to reach enlightenment on the topic. You can send a ‘ do my essay ’ request on Studyfy today to hire help with complex topics such as this one. What’s more, data analytics can help businesses implement ‘just-in-time’ (JIT) inventory management.

Supply Chain Optimization 72

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency supply chain software solutions 72

Spend Matters

JANUARY 23, 2024

GenAI is moving traditional, broader AI use cases into a realm of very particular and case-specific uses, which still come with their own challenges, risks and considerations. In SAP® Ariba® Sourcing, for example, there are AI-driven tools that enable practitioners to automate the RFx process.

Category management 62

Category management Data Procurement supply chain software solutions 62

Procurement Tactics

JUNE 2, 2023

It would be natural for someone you are talking to veer away from the topic at hand and need to be wrangled back on topic. Depending on the industry you work in, this can help you to get a better understanding of specific topics. Keep trying, but also be willing to give up and move on to other tools.

Negotiation 170

Negotiation Strategy Procurement strategies Procurement 170

SupplyShift

MARCH 6, 2023

Digital tools to enable supplier engagement and transparency can create visibility that will help organizations to make better decisions. But which parts of the entire system can a digital tool provide, and which parts are internal business processes that each company must put into place based on the output of digital tools?

Supply Chain Efficiency 52

Supply Chain Efficiency Suppliers Risk Data 52

Una

JANUARY 31, 2024

Tips for successful sourcing from overseas suppliers To shed light on this topic, episode 136 of The Sourcing Hero podcast featured an interview with Chris Volz, Client Success Manager at China Performance Group. But you have to work with each other and figure out what the best tool is for you.”

Sourcing 52

Sourcing Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

SCMDOJO

SEPTEMBER 8, 2023

This is a fundamental principle of supply chain management, it constitutes a juggling act that is at the heart of any well-orchestrated manufacturing process. The metrics at the heart of MRP are wide and varied, but understanding them and their role is key to efficient supply chain management.

Supply Chain Efficiency 82

Supply Chain Efficiency Supply Chain Optimization supply chain software solutions Agile and Lean Supply Chain 82

Zycus Cognitive Procurement

OCTOBER 20, 2022

Cognitive procurement is a hot topic in the business world today. In broader terms, cognitive procurement can augment all parts of procurement, such as identifying potential suppliers, automating the contract management process, and creating a touchless procurement experience. But what exactly is it? Increasing procurement efficiency.

Real-time Visibility 59

Real-time Visibility Procurement Procurement team Risk 59

Spend Matters

OCTOBER 4, 2023

Our coverage also explores the latest thought leadership topics about procurement and supply, the technology that serves it and comparative analyses based on demos and the scoring of 500+ RFI requirements across 12 source-to-pay (S2P) categories that create our Vendor Ranking data.

Procurement 85

Procurement e2e Contract Sourcing 85

IBM Supply Chain Blog

AUGUST 28, 2023

When used strategically, text-mining tools can transform raw data into real business intelligence , giving companies a competitive edge. Topic modeling: Topic modeling aims to discover underlying themes and/or topics in a collection of documents. How does text mining work?

Data 56

Data Influencing Strategy Product development 56

Supply Chain Game Changer

MARCH 16, 2022

Amongst other things a supply chain manager is responsible for ensuring that goods are delivered to the correct destination in a timely manner. One of the most common mathematics problems faced by supply chain managers is forecasting. For example, a supply chain manager may need to optimize routes in order to minimize costs.

Supply Chain Optimization 100

Supply Chain Optimization Supply Chain Efficiency Supply chain Supply chain management 100

IBM Supply Chain Blog

APRIL 18, 2024

However, if AGI development uses similar building blocks as narrow AI, some existing tools and technologies will likely be crucial for adoption. The exact nature of general intelligence in AGI remains a topic of debate among AI researchers. The skills gap in gen AI development is a significant hurdle.

Data 94

Data Supply Chain Efficiency supply chain budgeting Supply Chain Optimization 94

Jaggaer

OCTOBER 13, 2020

Supplier risk is a large and complex topic, and there’s plenty more to be said, but in our hour-long discussion Magnus Bergfors , of Spend Matters , talked about the importance of developing a truly comprehensive supplier strategy and how to set up a program to get a 360° view of your supplier s.

Risk 52

Risk Suppliers Strategy Risk management 52

Empowering CPO

JUNE 30, 2023

This is where the concept of managed procurement services comes into play. Managed procurement services, a key facet of business process outsourcing, is a solution that allows businesses to delegate their procurement tasks to external experts. The role of procurement services in businesses is multifaceted.

Management 40

Management Procurement Supply Chain Efficiency Supplier relationship management 40

Procurement Heads

JUNE 28, 2022

The emphasis will always change – one year it might be on savings, another it might be a little bit more on risk, market intelligence, innovation and so on. If you aren’t engaged on these topics now with active plans endorsed by leadership that procurement is seen to be leading, then what are we here for?

Chief Procurement Officer 130

Chief Procurement Officer Supply Chain Optimization supply chain budgeting Innovation 130

IBM Supply Chain Blog

DECEMBER 19, 2023

This post expands on the topic and provides a maturity model and building blocks that help enterprises accelerate their software supply chain lifecycle in the ever-evolving landscape of enterprise cloud-native software development. This builds on the earlier stages to emphasize meaningful participation between teams.

supply chain software solutions 80

supply chain software solutions Agile and Lean Supply Chain Supply Chain Efficiency Data 80

SupplyShift

FEBRUARY 24, 2023

This is not surprising, given that most of a company’s impact and risk lies within its value chain. Double materiality means that an organization must identify and report on not only the ESG risk and impact on its own company, but also the company’s impact on the planet and humanity. Real data is required. Clear definitions.

Supply Chain Efficiency 52

Supply Chain Efficiency Sustainability Supply chain Supply 52

Supply Chain Collaborator

MARCH 22, 2019

Everyone’s talking about the potential and promise of blockchain and other bleeding edge tech tools for “supply chain digitization”. Supply chain digitization is a killer use case for blockchain and it is coming to supply chain management. The topic: “ Exploring the Impact of Emerging Technologies on Supply Chain Management ”.

Agile and Lean Supply Chain 95

Agile and Lean Supply Chain supply chain budgeting Supply chain Supply 95

Procurement Heads

SEPTEMBER 12, 2023

In the early days of my career, a wise manager encouraged me to ‘go and cut my teeth’ in an indirect team, which was absolutely the right thing to do. What do you think are the current Procurement trends or hot topics and what emerging roles do you think we will see in Procurement as a result?

Supply Chain Efficiency 130

Supply Chain Efficiency Sustainability Collaboration Procurement 130

Positive Purchasing

APRIL 3, 2023

What The Experts Say: Anke Ehlers, Managing Director CRI, ALDI SÜD KG says: “An essential and highly practical handbook for driving responsible purchasing practices – helps make sense of the complex topic of transforming buying through the lens of sustainability.”

Sustainability 52

Sustainability Supply chain Chief Procurement Officer Supplier relationship management 52

Una

AUGUST 17, 2022

A comprehensive guide designed to tame tail spend in a way that leads to reduced risk and increased cost savings. This comprehensive guide will go over tail spend in procurement and provide resources for how to implement an effective tail spend management strategy. Taming Tail Spend. Let’s dive in. In this Guide: Introduction.

Real-time Visibility 98

Real-time Visibility Spend management Procurement team Purchasing 98