ivalua

JANUARY 24, 2022

Data is central to successful digital transformation to relay real-time information and greater visibility into operations and resource allocation. Data builds the bridge between your own internal supply chain visibility and the information you provide to your stakeholders. Tomorrow the requirement will be something else.

Data 130

Data Real-time Visibility Procurement Supply Chain Efficiency 130

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. Spend management aims to maximize value from company spending while lowering costs, mitigating financial risks, and enhancing supplier relationships. Ultimate Supplier Plotting Checklist 2022.

Spend management 172

Spend management Management Real-time Visibility Budget 172

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 22, 2022

Choosing suppliers. After that, a request for a proposal gets sent out to potential suppliers. Then, the suppliers submit their bids and the company decides which one to hire. Spend Visibility. Spend visibility is a pretty big deal when it comes to procurement or any type of invoicing management for that matter.

supply chain budgeting 101

supply chain budgeting Real-time Visibility supply chain software solutions Procurement 101

Procurement Insights

APRIL 1, 2025

sourcing, supplier management, invoicing). AdaptOne for supplier onboarding, GEP for strategic sourcing) rather than purchasing a comprehensive S2P suite with unused features (e.g., Impact: Ensures 95-100% usage by adapting to real-time requirements, avoiding static S2P features that lag (e.g.,

e2e 52

e2e Real-time Visibility Sourcing Strategic sourcing 52

Procurement Tactics

SEPTEMBER 13, 2022

33 Procurement Interview Questions in 2022. In recent years, there are numerous multinational corporations pledging to work only with suppliers that follow environmental and social standards. Adopting a sustainable procurement model helps to understand day-to-day involvement with your suppliers. First Name. Machine Learning.

Supply Chain Efficiency 183

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

SCMDOJO

AUGUST 16, 2023

The company has implemented sophisticated barcode scanning and point-of-sale systems to collect real-time data from its stores. By employing these technologies, Walmart gains valuable insights into customer buying behavior, sales trends, and inventory levels.

Supply Chain Efficiency 98

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

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

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.” “Hmm

Real-time Visibility 95

Real-time Visibility Procurement Purchasing Contract 95

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

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

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

Una

OCTOBER 25, 2022

By Hugo Britt | October 26, 2022. Once the relevant information has been collected, you’ll be able to prioritize how best to direct your resources and time. Consolidate your supplier lists. There are several benefits associated with supplier consolidation. 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 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.

Procurement 98

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

Supply Chain Game Changer

JANUARY 19, 2022

The supply chain is a significant part of your overall business strategy and inventory management. An effective and efficient supply chain can help your business improve customer satisfaction and money by minimizing wait times for in-demand products. Improve Your Supplier Relationships. Great suppliers are reliable.

Supply Chain Efficiency 109

Supply Chain Efficiency Agile and Lean Supply Chain Supply chain Strategy 109

Supply Chain Game Changer

JUNE 30, 2022

A supply chain is made up of an interconnected network of suppliers that all function together to deliver products or services to customers efficiently. The use of strategies like Just In Time (JIT) inventory management and other lean manufacturing approaches are useful in meeting and adapting to demand. Visibility.

Agile and Lean Supply Chain 78

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

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

Una

AUGUST 30, 2022

By Hugo Britt | August 30, 2022. A recent paper from Deloitte has helpfully categorized digital procurement into three areas: automated P2P (Procure-to-Pay), proactive SRM (Supplier Relationship Management), and predictive S2C (Source to Contract). How to Improve Strategic Supplier Relationship Management.

Procurement 98

Procurement e2e Supplier relationship 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

IBM Supply Chain Blog

NOVEMBER 8, 2023

For the first time, the rule establishes additional recordkeeping requirements for any US-based entity that manufactures, processes, packs or holds foods on the Food Traceability List. We saw this happen between Dole and Walmart in 2022 when a particular brand of lettuce—Ocean Mist Farms brand Romaine Hearts—had to be recalled.

Supply Chain Efficiency 106

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

SCMDOJO

MARCH 28, 2023

By providing a secure and transparent way to track products from their origin to their final destination, blockchain for supply chain can help increase efficiency, reduce costs, and improve trust between suppliers and customers. This allows for increased efficiency, reduced costs, and improved trust between suppliers and customers.

Supply Chain Efficiency 116

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

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

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

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

Supply Chain Game Changer

MAY 23, 2022

These actors include customers, suppliers, distributors, sales, and support teams. This forms a foundation for future success for the organization and improves relationships with suppliers, customers, distributors, and sales. With reduced duplication of effort and time-saving, knowledge is more effectively utilized.

Supply chain management 95

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

Supply Chain Game Changer

OCTOBER 24, 2022

In most cases, it refers to inventory problems that occur due to miscommunication between organizations in a supply chain. For example, when one organization changes inventory, the suppliers may be unaware of the changes and hold onto more inventory than necessary. Increased visibility. Planning and purchasing.

Real-time Visibility 76

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

Arkestro

AUGUST 1, 2022

For the longest time, the procurement scale has tipped in favor of the buyer. Constrained supply chains and the associated shortages have resulted in mounting pressures from the government and investors for organizations to diversify their supplier bases. Suppliers are calling the shots. Supplier Frustrations. trillion.

Supplier relationship management 52

Supplier relationship management Suppliers Management Buyers 52

Una

OCTOBER 11, 2022

By Hugo Britt | October 11, 2022. Una leverages over $100 billion in buying power to negotiate best-price contracts with hundreds of the nation’s top suppliers. Una leverages over $100 billion in buying power to negotiate best-price contracts with hundreds of the nation’s top suppliers. The benefits? Facilities Maintenance.

Spend management 97

Spend management Management Purchasing Real-time Visibility 97

Supply Chain Game Changer

OCTOBER 14, 2021

While 2022 might bring some relief from constant record-setting spot prices, supply chain executives need to brace for continued high costs in an inflationary period. Supply and demand are in prolonged imbalance, and will continue to rock out of equilibrium in 2022. Increasing demand for supply chain visibility. bbl to $68.50.

Supply Chain Efficiency 76

Supply Chain Efficiency Supply chain Real-time Visibility Supply 76

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

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

Supply Chain Game Changer

SEPTEMBER 14, 2022

Every time someone handles the paperwork, it increases the risk of errors and it’s slowing processing. When your processing time is slow, it leads to vendors who aren’t happy and late invoices. If the matching error requires a manual investigation, this is the time taken away from your staff’s other work. Increased Visibility.

Real-time Visibility 86

Real-time Visibility Purchase orders supply chain software solutions Supply Chain Optimization 86

Procurement Software

MAY 16, 2023

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. It requires a fast return on investment (ROI) and the solution must quickly prove its value to the business.

Procurement 96

Procurement Purchase orders Real-time Visibility Purchasing 96

SCMDOJO

JULY 7, 2023

Late changes to the design of the vehicles, such as the headlights, caused disruptions in the supplier base and necessitated costly tooling changes. These supply chain issues not only delayed production further but also strained relationships with suppliers.

Supply Chain Efficiency 105

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain 105

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. Sourcing and procurement professionals operating with a strategic sourcing mindset assess a supplier’s quality, reputation and service.

Strategic sourcing 78

Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 78

Supply Chain Game Changer

OCTOBER 14, 2022

The time-to-consumer indicator is one of the main ways your company’s efficiency is measured. As such, the less time it takes goods to reach the client, the more efficient the material flow. Transparency is also markedly improved, with traceability and visibility of the movements of your goods readily available. Seamless flow.

Supply Chain Efficiency 99

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting Supply chain 99

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