Procurement Tactics

DECEMBER 6, 2022

33 Procurement Interview Questions in 2022. However, these manual processes are ineffective and cost a lot of effort, time, and money. Ultimate Supplier Plotting Checklist 2022. Manual processes in spend management cause many mistakes and errors in data. Visibility of expense data. Download Whitepaper →. .

Spend management 172

Spend management Management Real-time Visibility Budget 172

Supply Chain Game Changer

JANUARY 13, 2022

Here are some route planning trends and innovations that you may want to consider in 2022 and beyond. Additionally, Google Maps offers an option for quick reroutes by factoring in accidents and traffic snarl-ups in real-time, making it one of the most efficient tools in route planning. Google Maps. Autonomous vehicles.

Innovation 119

Innovation Real-time Visibility Supply Chain Optimization Supply Chain Efficiency 119

ivalua

AUGUST 16, 2022

The report explains that: “Scope 3 emissions reduction is a key challenge for companies, often due to a lack of visibility and monitoring of suppliers’ data. Closing these visibility and engagement gaps is critical to reducing emissions, but we’re a long way off. But time is of the essence for organizations.

Real-time Visibility 130

Real-time Visibility Sustainability Supply chain Suppliers 130

Supply Chain Trend

OCTOBER 11, 2022

This is a commentary on the article To Share or Not to Share: The Future of Collaborative Forecasting , Foresight 2022, Q4, by Pierre Pinson, Editor in Chief of The International Journal of Forecasting. Asymmetry of Data Ownership. Just like oil, data is not evenly distributed among geographies and owners. share of 57% in 2021.

Data 88

Data Collaboration Supply chain Real-time Visibility 88

IBM Supply Chain Blog

JUNE 30, 2023

In 2022, the pharma industry saw the most units recalled than in the past six years, with 567.3 Doing so streamlines purchasing power and optimizes inventory management. ​ Step 3: Increase traceability Along the supply chain, actionable real-time data is often unavailable, lacking or siloed. .

Supply Chain Efficiency 77

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Real-time Visibility 77

Supply Chain Game Changer

SEPTEMBER 19, 2022

What is Big Data? Edge computing is a new technology that allows data to be processed at the edge of a network rather than in its center. This will minimize delays caused by transferring data between locations via secure channels or over wireless networks, which may not operate at optimal speeds due to congestion issues.

Supply Chain Efficiency 100

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Supply chain 100

IBM Supply Chain Blog

OCTOBER 12, 2023

Connecting AI models to a myriad of data sources across cloud and on-premises environments AI models rely on vast amounts of data for training. Once trained and deployed, models also need reliable access to historical and real-time data to generate content, make recommendations, detect errors, send proactive alerts, etc.

Data 76

Data Real-time Visibility Ethics Sourcing 76

Procurement Insights

APRIL 1, 2025

Impact: Ensures 95-100% usage by adapting to real-time requirements, avoiding static S2P features that lag (e.g., Evidence: Kodiak Hub (2022) notes high-performing teams use tailored solutions, reducing idle features. Power BI) and APIs maintain visibility, rivaling S2Ps 20-30% transparency gains.

e2e 52

e2e Real-time Visibility Sourcing Strategic sourcing 52

Supply Chain Game Changer

FEBRUARY 21, 2022

These conditions can impact their reaction times as well as judgment. Torrential rain can reduce the visibility at the construction site. Like torrential rain, fog can also reduce visibility. And since it takes time to clear out, construction work is delayed for long periods. Strong Winds. How You Can Monitor the Weather.

Import 94

Import Real-time Visibility Risk Supply chain 94

IBM Supply Chain Blog

JUNE 21, 2023

To provide stakeholders with vital IT services, organizations need to keep their private data centers operational, secure and compliant. Data center management encompasses the tasks and management tools necessary for doing so. A person responsible for carrying out these tasks is known as a data center manager.

Data 65

Data Management Real-time Visibility Sustainability 65

Supply Chain Game Changer

NOVEMBER 16, 2021

In a recent interview I was asked to discuss my views on what was in store for Supply Chain in 2022, and beyond. It’s a good time to reflect on recent global events and what this should mean for the future. I believe that 2022 will see continued disruptions in Supply Chains caused by the Coronavirus pandemic.

Supply chain 89

Supply chain Real-time Visibility e2e Supply 89

Supply Chain Game Changer

AUGUST 29, 2022

In simple terms, apps that help reps save time, simplify their day-to-day tasks, give on-the-go visibility, and offer collaboration is known as a sales app. With more time and energy available to your sales team – they can focus better on one thing – making sales. Gain deeper insights into sales data.

Real-time Visibility 94

Real-time Visibility supply chain software solutions Supply Chain Optimization Supply Chain Efficiency 94

Una

NOVEMBER 28, 2022

By Hugo Britt | November 29, 2022. Now, I know settling into a new role can take a little time, so I don’t want you to feel under any pressure to make any significant impact straight away. I wouldn’t expect any real results from you until you’ve spent a month or two reviewing our current supplier arrangements.” But first….

Real-time Visibility 95

Real-time Visibility Procurement Purchasing Contract 95

SCMDOJO

AUGUST 16, 2023

[Read More: Rivian: Navigating Supply Chain and Operational Challenges and Embracing Growth ] Walmart’s Supply Chain: Integrated Supply Chain Success Data-Driven Success Factors In the realm of modern supply chain management, data-driven strategies play a pivotal role in enhancing a company’s competitiveness.

Supply Chain Efficiency 98

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization Supply chain 98

Una

AUGUST 2, 2022

By Hugo Britt | August 2, 2022. Ivalua/Hackett’s 2022 Procurement Insights and Key Issues report found that laggards are being held back by concerns including fear of failure, access to suppliers, legacy system costs, and teams lacking the skills to leverage digital transformation. 5 Technology Trends in Procurement. Self-service.

Procurement 98

Procurement Supply Chain Efficiency Real-time Visibility supply chain budgeting 98

IBM Supply Chain Blog

NOVEMBER 8, 2023

This process entails gathering new data, identifying existing challenges, and taking the necessary steps to ensure compliance. By capturing new data, they can harness this information not only to fulfill FSMA requirements but also to offer stakeholders and the public greater transparency.

Supply Chain Efficiency 106

Supply Chain Efficiency supply chain budgeting Real-time Visibility e2e 106

Procurement Tactics

SEPTEMBER 13, 2022

33 Procurement Interview Questions in 2022. The complexity of the supply chain can hinder visibility into crucial operational considerations such as labor conditions at a supplier’s factory that is miles away. Artificial intelligence technologies allow the analysis of multiple different data sets across the supply chain. .

Supply Chain Efficiency 183

Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain Sustainability 183

Supply Chain Game Changer

NOVEMBER 16, 2022

Collaborating with the suppliers without any systems would mean wasting time searching through voicemails, printed documents, and email threads to locate the needed information. In 2022, this became history with procurement automation solutions. All such system-driven and time-bound actions foster a sense of trust. Cost Saving.

Supply Chain Efficiency 19

Supply Chain Efficiency Procurement Real-time Visibility Supply Chain Optimization 19

Supply Chain Game Changer

SEPTEMBER 30, 2022

Cloud tech is the broad term used to allude to different forms of data storage. There are numerous data centers across the world that rely on networks of servers to store and manage data and information remotely. Cloud tech has really made it easier for supply chain managers to access information remotely. Improved Security.

Supply Chain Efficiency 112

Supply Chain Efficiency Agile and Lean Supply Chain supply chain software solutions Supply Chain Optimization 112

SCMDOJO

MARCH 28, 2023

With its decentralized feature, blockchain technology allows real-time data sharing between different parties while ensuring secure data storage and preventing unwanted changes in a network. This application eliminates redundant paperwork and provides real-time freight tracking.

Supply Chain Efficiency 116

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization supply chain software solutions 116

Una

AUGUST 30, 2022

By Hugo Britt | August 30, 2022. Core digital capabilities that we now take for granted include spend analytics, eAuctions, electronic catalogs, data visualization, and more. Digital enablement in procurement starts with data. The Disruptive Power of Digital Procurement. How to Improve Strategic Supplier Relationship Management.

Procurement 98

Procurement e2e Supplier relationship management Real-time Visibility 98

Spend Matters

JUNE 20, 2023

As the risks that trigger supply disruptions, regulatory non-compliance and missed corporate objectives continue to gain visibility, an ‘eyes wide open’ attitude towards supplier risk assessment and mitigation strategies has become imperative to improve operational resilience. And so it should.

Risk 98

Risk supply chain software solutions Risk management Real-time Visibility 98

Supply Chain Game Changer

SEPTEMBER 22, 2022

This will free your valuable time. And you can use that time to work on your other project assignments. These tools expedite the coursework and help them submit assignments on time. The improved feature allows the students to learn at a suitable time and convenient pace. This can be a real problem.

Real-time Visibility 98

Real-time Visibility Supply chain Data Supply 98

IBM Supply Chain Blog

AUGUST 14, 2023

The Cost of a Data Breach 2023 global survey found that extensively using artificial intelligence (AI) and automation benefited organizations by saving nearly USD 1.8 million in data breach costs and accelerated data breach identification and containment by over 100 days, on average.

Data 55

Data Real-time Visibility Networking Risk 55

Supply Chain Game Changer

FEBRUARY 10, 2022

RFID will give them access to real-time or near real-time monitoring and tracking of asset and item movement along the entire supply chain. Additionally, access to real-time information about asset or item movement will enhance the workflow of all partners across the whole supply chain.

Supply Chain Efficiency 80

Supply Chain Efficiency Supply Chain Optimization supply chain software solutions Supply chain 80

Supply Chain Game Changer

OCTOBER 24, 2022

ERP systems are used by businesses to automate many processes and allow companies to keep track of inventory and orders. Without an ERP system, you don’t have visibility into your entire supply chain. You know there will be demand for it, and it takes time to build up inventory. Increased visibility.

Real-time Visibility 76

Real-time Visibility supply chain budgeting supply chain software solutions Inventory 76

Supply Chain Game Changer

SEPTEMBER 20, 2022

Before shippers select a carrier partner for large-scale shipping, they should first consider that carrier’s track record: does that shipper have a record of delivering on time? If the answer to these questions is anything other than ‘yes’ and ‘stellar,’ it’s time to look elsewhere.

supply chain software solutions 93

supply chain software solutions Real-time Visibility Supply Chain Efficiency Logistics 93

SCMDOJO

MAY 13, 2022

Fast moving forward into 2022 ongoing widespread congestions in ports, container shortages, and volatile shifts in demand for goods from Western economies causing freight rates to skyrocket ended up adding extreme pressure on the main cost drivers of the ocean side of the supply chains and beyond.

Supply Chain Optimization 83

Supply Chain Optimization Supply chain Real-time Visibility e2e 83

Supply Chain Game Changer

SEPTEMBER 6, 2022

For example, when a customer orders an item through your online shop, you must ship it to the buyer within a specific time frame to avoid cancellation. If possible, you should also consider investing in warehouse management software to help you track inventory and boost the efficiency of your inventory management processes.

Order Fulfillment 94

Order Fulfillment Supply Chain Efficiency e2e Real-time Visibility 94

Supply Chain Game Changer

SEPTEMBER 5, 2022

One of the terms that has entered the zeitgeist, holding the promise of providing some exciting new future state, is the “Metaverse” For some time we have also been describing a future that will define much of how businesses and economies and institutions will run in the future. The Supply Chain Renaissance Has Begun!

Supply Chain Optimization 92

Supply Chain Optimization Supply chain Real-time Visibility e2e 92

IBM Supply Chain Blog

AUGUST 11, 2023

The advancement of computing power over recent decades has led to an explosion of digital data, from traffic cameras monitoring commuter habits to smart refrigerators revealing how and when the average family eats. Both computer scientists and business leaders have taken note of the potential of the data.

Data 53

Data Real-time Visibility Collaboration Management 53

Supply Chain Game Changer

NOVEMBER 17, 2022

But, in the current international atmosphere of supply chain troubles and widespread shipping congestion, the topic is a timely one. Fortunately, the newest versions of analytics or big data are already demonstrating their potential for helping move merchandise and raw materials from Point A to Point B, wherever those points happen to be.

Supply Chain Optimization 92

Supply Chain Optimization Supply Chain Efficiency Supply chain Route optimization 92

Supply Chain Game Changer

MAY 17, 2022

Even before the pandemic occurred, it was standard practice in most companies to have a Supply Chain team that had to react in real time to unforeseen circumstances. I’ve lived through these nightmare scenarios many times, as a high-priced expediter. The result is that they continue to spend all their time fighting fires.

Supply chain 106

Supply chain Real-time Visibility Supply e2e 106

Supply Chain Game Changer

SEPTEMBER 10, 2022

Consequently, blockchain’s availability reduces over time, raising its value and the benefits of blockchain. Blockchain technology can fundamentally alter how your sensitive and essential data. Users may also solve privacy on the blockchain by employing authorization to restrict access and asymmetric encryption of private data.

Supply Chain Efficiency 102

Supply Chain Efficiency supply chain software solutions Real-time Visibility Networking 102

TYA Suite

MAY 14, 2023

Inventory management or inventory control is the process of monitoring the warehouse of a business to ensure that the stock is being used at the optimum level and is managed well. Automation eliminates human error, saves time, and decreases the probability of mistakes.

Inventory 52

Inventory Real-time Visibility Management Supply Chain Efficiency 52

Let's Talk Supply Chain

JULY 27, 2022

Let’s Talk Supply Chain gives them a platform to share what drives them and how they are igniting real progress at their organizations. The premise for the company was working with local companies across Alabama, Georgia, and Northern Florida developing tools to provide more visibility into their suppliers across their supply chain.

Agile and Lean Supply Chain 115

Agile and Lean Supply Chain supply chain software solutions Supply chain Supply 115

Supply Chain Game Changer

JUNE 30, 2022

Look at past trends, historical data, and other analytics to predict future customer demand. Demand planning enables businesses to stock the proper amount of inventory and maintain correct inventory levels. Visibility. View your supply chain in real-time to give you the power to adapt as demands shift.

Agile and Lean Supply Chain 78

Agile and Lean Supply Chain Supply Chain Efficiency supply chain budgeting Supply Chain Optimization 78