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. Visibility of expense data. Thus, the first step is to know the sources of expenditure which encompasses both direct and indirect spending. .

Spend management 172

Spend management Management Real-time Visibility Budget 172

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 Game Changer

MAY 31, 2022

Yet in mid 2022 there is a shortage of baby formula. In 2022 the shortage and stockpiling has now reached the realm of baby formula. Any point of single sourcing, or sole sourcing , whether it be materials, parts, resources, systems, processes, suppliers, production or facilities is a single point of failure.

Supply chain 123

Supply chain Supply Real-time Visibility Demand 123

IBM Supply Chain Blog

FEBRUARY 13, 2024

For sourcing teams, that means pivoting their mindset around selecting suppliers from a tactical, lowest-cost-above-all approach to a strategic one. Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals. And from that group, 71% would pay a premium for it.

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Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 78

Procurement Tactics

SEPTEMBER 13, 2022

33 Procurement Interview Questions in 2022. From raw materials sourcing to production, storage, and delivery, it monitors if these processes may cause harm to the environment and communities. . Thus, taking advantage to combine shipments or use less resource-heavy logistics. . First Name. Download Free Whitepaper ?. Blockchain.

Supply Chain Efficiency 183

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

Supply Chain Game Changer

SEPTEMBER 19, 2022

This distributed model means that edge computing can reduce network latency by allowing actionable data from sources like sensors and other IoT devices to be analyzed much closer than would otherwise be possible with cloud-based systems. Real-Time Visibility and Responsiveness to Unstuck Supply Chains.

Supply Chain Efficiency 100

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

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

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

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. Contact our team of Sourcing Advisors to learn more.

Procurement 98

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

Una

OCTOBER 25, 2022

By Hugo Britt | October 26, 2022. When it comes to improving procurement efficiency, though, a sourcing hero’s work is never truly done. Instead of sitting back, the profession must make a long-term and ongoing commitment to sharpening its sourcing processes. Accelerate your P2P cycle time with an automated system.

Supply Chain Efficiency 105

Supply Chain Efficiency Procurement Purchase orders Real-time Visibility 105

Una

AUGUST 30, 2022

By Hugo Britt | August 30, 2022. Strategic sourcing experts are using machine learning to categorize and manage spend, AI to better predict demand, and act upon alerts such as contract expiry/renewals. How to Optimize Your Spend with a Strategic Sourcing Process. The Disruptive Power of Digital Procurement.

Procurement 98

Procurement e2e Supplier relationship management Real-time Visibility 98

Arkestro

APRIL 25, 2023

Resources / Blog / Reducing Construction Costs & Improving Sourcing Efficiency with Predictive Procurement Reducing Construction Costs & Improving Sourcing Efficiency with Predictive Procurement Construction companies face a host of challenges in the post-COVID era. from February 2020 to August 2022.

Supply Chain Efficiency 52

Supply Chain Efficiency Sourcing supply chain budgeting Real-time Visibility 52

Supply Chain Game Changer

FEBRUARY 8, 2022

Once admired just-in-time systems have faltered badly. Supply Chains involve leadership and executive management, development, marketing, planning, finance, sourcing, procurement, manufacturing, distribution, warehousing, customer service, I/T, engineering, order management, reverse logistics, environmental responsibility and more.

Supply chain 90

Supply chain Real-time Visibility e2e Supply 90

Supply Chain Game Changer

OCTOBER 6, 2022

I am a proponent of dual sourcing. The vulnerabilities with sole sourcing are very real. Just-in-time Supply Chains have long been the envy of companies and industries of all kinds. The concept of only bringing in inventory on demand is very compelling when inventories are considered costly, wasteful and cash drains.

Supply chain 86

Supply chain Real-time Visibility Supply Sourcing 86

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. Source: project44 Monthly report.

Supply Chain Optimization 83

Supply Chain Optimization Supply chain Real-time Visibility e2e 83

Supply Chain Game Changer

AUGUST 30, 2022

Many businesses use some form of Total Cost of Ownership model to support their Procurement and sourcing decisions. In fact these models are not just used casually, but they often are designed to inform and make optimal sourcing choices. MOQ, Safety Stock) Performance (quality, delivery, responsiveness) Inventory positioning (eg.

Cost of ownership 103

Cost of ownership Supply Chain Optimization Procurement Price 103

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.

Risk 98

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

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

MAY 23, 2022

A company’s supply chain usually comprises all the operations between sourcing raw materials and delivering the product to customers. Through knowledge management, supply chains have access to more complete and accurate information within the organization and external sources. Subscribe to Supply Chain Game Changer.

Supply chain management 95

Supply chain management Supply chain management Supply Chain Efficiency supply chain budgeting 95

Supply Chain Game Changer

NOVEMBER 1, 2022

It’s that time of year. As such I knew that they had enormous purchasing power with the suppliers as well as being recognized sources of supply by millions of customers. Manufacturers should very easily, and proactively, see in historical demand patterns that demand would start to spike at this time of year. Email Address.

Real-time Visibility 98

Real-time Visibility Supply chain Demand Supply 98

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

Supply Chain Game Changer

NOVEMBER 16, 2022

It helps bring predictability to Strategic Sourcing, automates Transactional Procurement (or P2P cycle), and enables proactive Supplier Risk Management. Collaborating with the suppliers without any systems would mean wasting time searching through voicemails, printed documents, and email threads to locate the needed information.

Supply Chain Efficiency 19

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

HICX

MAY 12, 2023

On September 21 & 22, over 5,000 people from numerous leading global corporations came together for DPW Amsterdam 2022 to share their experiences about a wide range of topics in Procurement and Supply Chain. In his words, “If we don’t have visibility of it, we don’t know where to go at it.”

e2e 52

e2e Real-time Visibility Supply chain resilience Supply chain 52

Supply Chain Game Changer

SEPTEMBER 29, 2022

Birds, fish and other animals, much of which is a part of our food source, have been found to have ingested these by-products. Our drinking water sources have been found to contain microplastics. But there is still the problem of dealing with those primary source materials as well as those already in the process of degradation.

Real-time Visibility 97

Real-time Visibility Supply chain Sourcing Import 97

Una

OCTOBER 11, 2022

By Hugo Britt | October 11, 2022. Our team is dedicated to empowering procurement and technology professionals to make the best sourcing decisions for their organizations while saving money, time, and effort. We also help organizations save time and effort by skipping lengthy supplier discovery and negotiation processes.

Spend management 97

Spend management Management Purchasing Real-time Visibility 97

Procurement Software

MAY 16, 2023

Above $1 billion businesses are typically a target of established, enterprise source-to-pay and source-to-contract suites. The software automates workflows and approvals, manages supplier catalogues, and provides real-time analytics for better decision-making. CEO Frank Schmidt was a guest on the podcast in April 2022.

Procurement 96

Procurement Purchase orders Real-time Visibility Purchasing 96

Supply Chain Game Changer

APRIL 12, 2022

With the stakes so high it should be no surprise that the very prospect of supply continuity issues can create fear and wreak havoc on the time, focus, and mental well-being of Supply Chain professionals. Even the vaunted Just-In-Time models will fail , as the pandemic has proven. Supply will also run out due to demand changes.

Supply chain 111

Supply chain Supply Inventory Real-time Visibility 111

IBM Supply Chain Blog

NOVEMBER 3, 2022

When your sourcing team chooses what to buy and who to buy from, are you selecting vendors who share the same social values as your brand? If you haven’t been thinking about these questions, the time to start is now. Inventory positioning: Visibility across your entire network allows you to optimize the fulfillment of each order.

Supply Chain Efficiency 107

Supply Chain Efficiency Agile and Lean Supply Chain Sustainability Supply Chain Optimization 107

Supply Chain Game Changer

SEPTEMBER 28, 2022

Make Your Website Visible and Trustworthy! Thus a website is your strategic source of revenue and brand visibility , which are important considerations before redesigning your website. Still, as time passes, you might notice that your website enjoys fewer visits. Why Think about Redesign? How to Make Redesign Successful.

Real-time Visibility 85

Real-time Visibility Supply Chain Optimization Supply Chain Efficiency supply chain software solutions 85

IBM Supply Chain Blog

AUGUST 9, 2023

During a phishing simulation, employees receive simulated phishing emails (or texts or phone calls) that mimic real-world phishing attempts. Since 2019, the number of phishing attacks has grown by 150% percent per year— with the Anti-Phishing Working Group (APWG) reporting an all-time high for phishing in 2022 , logging more than 4.7

Real-time Visibility 73

Real-time Visibility Import Risk Data 73

Una

SEPTEMBER 22, 2022

A guide to IT procurement for navigating the complex IT sourcing process in a way that drives organizational efficiencies and improves your bottom line. trillion by the end of 2022 and is oftentimes within the top three largest spend categories for an organization. Comprehensive Guide to IT Procurement. IT Procurement Best Practices.

Procurement 98

Procurement Real-time Visibility Contract Purchasing 98

IBM Supply Chain Blog

DECEMBER 1, 2023

Facing massive volumes of data coming from an expanding digital footprint and attack surfaces across hybrid multi-cloud environments, they must quickly discern real threats from all the noise without getting derailed by stale intelligence. This disparity in speed is a real risk in itself.

Real-time Visibility 63

Real-time Visibility Data Risk Sourcing 63

Supply Chain Game Changer

OCTOBER 5, 2022

The Bible records Egyptian people storing the surplus of agricultural goods so that they could be used in times of famine. However, warehousing itself is usually limited to storing an inventory for a certain period of time and does not include additional services. These are supplied elsewhere in the fulfilment process.

Supply Chain Efficiency 95

Supply Chain Efficiency Warehouse operations Order Fulfillment Quantity 95

IBM Supply Chain Blog

SEPTEMBER 1, 2023

According to the IBM Security X-Force Threat Intelligence Index 2023 , ransomware attacks represented 17 percent of all cyberattacks in 2022. Sources of cybersecurity threats The sources of cyberthreats are almost as varied as the types of cyberthreats.

Real-time Visibility 101

Real-time Visibility Networking Ethics Data 101

Supply Chain Game Changer

NOVEMBER 2, 2022

You also have to make sure they get to their intended destination on time, in good condition, and ready to be sold. But with the use of SCRM software , manufacturers can reach a new level of efficiency and visibility within their supply chains. Originally written for Supply Chain Game Changer and published on November 2, 2022.

Risk management 96

Risk management supply chain software solutions Risk Management 96

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. It is a great way to use data and create supply[1]chain visibility. Asymmetry of Data Ownership. CONCLUSION.

Data 88

Data Collaboration Supply chain Real-time Visibility 88

Supply Chain Game Changer

NOVEMBER 7, 2022

For instance, if you experience rest and cannot fulfill orders on time, your customers might cancel or buy products from other alternatives. You can use this support to monitor the status of shipments, inventory levels, and customers’ orders. Originally written for Supply Chain Game Changer and published on November 7, 2022.

supply chain budgeting 86

supply chain budgeting Supply Chain Efficiency Supply Chain Optimization Supply chain 86