Supply Chain Game Changer

JANUARY 2, 2019

The phrase “Supply Chain Management” was first coined in 1982. The idea of a “Blockchain” was conceived in 2008 although the concept of a chain of blocks began as early as 1991, and use of the word Blockchain itself has only become popular in the last few years. The 5 Levels of Supply Chain Transparency!

Supply Chain Efficiency 71

Supply Chain Efficiency Supply chain Supply chain management Supply chain management 71

Procurement Insights

JANUARY 3, 2025

Risk management was not a primary focus, and procurement was not seen as critical in addressing disruptions. Technology Adoption Begins : Boards became aware of the need for digital transformation in procurement, including the adoption of tools for spend analysis , e-procurement , and contract management.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Procurement 52

Procurement Software

NOVEMBER 21, 2022

Tech companies definitely see the value in data analytics and this pans out to contract management, streamlining processes and detailed spend analysis. Vodafone founded in 2008 Vodafone Procurement Company : a subsidiary company managing $24bn spend across Vodafone ecosystem “ with digital and pioneering procurement practices”.

supply chain budgeting 52

supply chain budgeting Chief Procurement Officer supply chain software solutions Supply Chain Optimization 52

Zycus Cognitive Procurement

SEPTEMBER 15, 2022

According to McKinsey research , in the five years immediately following the 2008 global financial crisis, total return to shareholders for companies with top-quartile procurement capabilities was 42 percent higher than the companies whose procurement operations were in the bottom quartile.

supply chain budgeting 52

supply chain budgeting Procurement supply chain software solutions Agile and Lean Supply Chain 52

Empowering CPO

NOVEMBER 12, 2020

As per 2008 study by Corporate Executive Board, 12% of total marketing budget goes towards market research. This powerful insight can help in achieving reduction in Total Cost of Ownership (TCO) on an ongoing basis. 1% for B2B and 0.9% for B2C type of companies).

Category management 52

Category management Cost of ownership Procurement Strategic sourcing 52

Jaggaer

JUNE 9, 2020

A full digital contract management suite can help with each of these tasks. In particular, artificial intelligence or machine learning can empower the system to run contract analysis in seconds. During the 2008 financial crisis, manufacturing companies decreased production.

Procurement strategies 52

Procurement strategies Strategy Management Procurement 52