Arkestro

OCTOBER 10, 2023

Resources / Blog / AI Revolution in Oil and Gas Procurement: Streamlining Operations for Success AI Revolution in Oil and Gas Procurement: Streamlining Operations for Success The COVID-19 pandemic forced countless industries to become more lean, agile, and innovative, and the oil and gas industry was no exception to the trend.

Agile and Lean Supply Chain 52

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

ivalua

NOVEMBER 3, 2021

One of the early objectives of Procurement was to optimize tail supplier management. As with any industry, the most innovative companies are those who break new ground — and one way they do that is to define new ways of managing procurement that enable efficiencies, optimize spend, and reduce risk. “In

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Procurement Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain 130

IBM Supply Chain Blog

OCTOBER 30, 2023

IBM and AWS partnership focuses on delivering solutions in areas like: Supply chain optimization with AI-infused Planning Analytics IBM Planning Analytics on AWS offers a powerful platform for supply chain optimization, blending IBM’s analytics expertise with AWS’s cloud capabilities.

Agile and Lean Supply Chain 77

Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency supply chain budgeting 77

ivalua

MAY 17, 2023

This year, our discussions covered Invoice Automation, Scope 3 Emissions, Contract Management, Supply Chain Collaboration, Indirect/Services Procurement, and Supplier Management–Customer of Choice. After catching up with colleagues and acquainting ourselves with some new faces, we dove into solution breakout sessions.

Supply chain resilience 130

Supply chain resilience Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization 130

Arkestro

DECEMBER 5, 2022

These disruptions have exposed the fragility of global supply chains. A shift toward regionalized supply chains and diverse suppliers may be the key to resilience. Shortages will continue to be a central theme in 2023 and could come from anywhere in the supply chain. harvested wheat is the lowest since 1888.

Raw materials 98

Raw materials Procurement Agile and Lean Supply Chain Supply Chain Optimization 98

Arkestro

MAY 30, 2022

From April 2021’s “ A New Paradigm For Procurement ”: “As enterprises increasingly depend on an expanding and evolving supplier ecosystem, better optimization of strategic planning and procurement is paramount. We all remember the early days of the pandemic and shortages in critical medical supplies. Take the Next Step.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Procurement Real-time Visibility supply chain software solutions 52

IBM Supply Chain Blog

JUNE 29, 2023

Integrated planning incorporates supply chain planning, demand planning, and demand forecasts so the company can quickly assess the impact on inventory levels, supply chain logistics, production plans, and customer service capacity. Agility and responsiveness In the rapidly changing business landscape, agility is crucial.

supply chain software solutions 76

supply chain software solutions Real-time Visibility Agile and Lean Supply Chain Supply Chain Optimization 76

EazyStock

JANUARY 4, 2021

Inventory management is crucial to ensuring businesses have agile and efficient supply chain operations. This is where an inventory optimization tool comes into play. Inventory optimization is the next level up from basic inventory management processes. Optimized Inventory Replenishment.

Inventory 52

Inventory Supply Chain Optimization Management Quantity 52

World of Procurement blog

MAY 8, 2024

Value-add : Procurement aims to add value by optimizing processes, consolidating spend, and building supplier relationships. How can procurement help achieve those aims through better supplier relationships and spending optimization? Conduct supply chain audits and due diligence on high-risk categories.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Spend Matters

NOVEMBER 7, 2024

Following months of debate based on extensive knowledge of the many procurement technologies they have demoed, analyzed and benchmarked, they arrive at a list of five young providers that they believe are innovative and exciting, have a rapidly rising presence in the market, can grow sustainably and which every CPO should have on their radar.

Supply Chain Efficiency 99

Supply Chain Efficiency Risk management Real-time Visibility Ethics 99

IBM Supply Chain Blog

JULY 26, 2023

Digital twin technology, an advancement stemming from the Industrial Internet of Things (IIoT), is reshaping the oil and gas landscape by helping providers streamline asset management, optimize performance and reduce operating costs and unplanned downtime. Drilling operations optimization : Drilling operations are complex and costly.

Supply Chain Optimization 52

Supply Chain Optimization supply chain software solutions Real-time Visibility Supply Chain Efficiency 52

IBM Supply Chain Blog

JUNE 29, 2023

To maintain their competitiveness and overcome today’s challenges, manufacturers have had to make agility and adaptability top priorities. Digitalization has had a profound impact on the manufacturing sector, enabling businesses to optimize processes, improve quality and reduce costs. Digitalization and Industry 4.0

Supply Chain Optimization 54

Supply Chain Optimization Agile and Lean Supply Chain Sustainability Supply Chain Efficiency 54

Arkestro

JUNE 20, 2023

Research-backed procurement strategies can help CFOs achieve their goals while minimizing risk exposure across global supply chains. Challenge 2: Supply Chain Disruptions The procurement and supply chain industries are currently like the wild west.

Procurement strategies 52

Procurement strategies Supply Chain Efficiency Strategy supply chain budgeting 52

Zycus Cognitive Procurement

JULY 25, 2022

Over the past two years, we’ve seen how supply chains are constantly changing and facing uncertainties. CPOs and procurement leaders everywhere are trying to identify ways to be agile to handle future uncertainties. . A significant amount of change has taken place in the procurement function over the past few years.

supply chain budgeting 52

supply chain budgeting Procurement Agile and Lean Supply Chain Management 52

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 97

Procurement e2e Contract Sourcing 97

Zycus Cognitive Procurement

SEPTEMBER 28, 2022

Luke Elliott discussed the dramatic shift in Procurement landscape and how Digital Procurement can help leaders stay resilient in the face of current challenges with respect to price inflation being at a 40-year high and disruptive supply chains leading to stock issues. 96% of the leaders believe that this a long-term trend.

Procurement 40

Procurement Chief Procurement Officer Agile and Lean Supply Chain Supply Chain Optimization 40

Spend Matters

DECEMBER 19, 2023

With another busy year of procurement and supply chain events tidily packed away behind us, Spend Matters is pleased to provide a round-up of the main events we attended in 2023, with a short recap of each and key takeaways. He then went on to discuss the huge impact of tech on the supply chain industry.

Procurement 86

Procurement Supply Agile and Lean Supply Chain Supply Chain Optimization 86

Planergy

SEPTEMBER 12, 2023

Cristian Maradiaga King Ocean Book a Live Demo Download a free copy of "Indirect Spend Guide", to learn: Where the best opportunities for savings are in indirect spend. Horizontal integration refers to a company expanding its operations by acquiring or merging with other companies operating at the same supply chain level.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Supply Chain Optimization supply chain budgeting 52

Supply Chain Game Changer

APRIL 28, 2021

Subscribe to Supply Chain Game Changer. The Next Generation Supply Chain is Cloud Computing! Create one overall solution by integrating other software with your cloud-based POS system for optimal efficiency and a streamlined business. Stay agile. appeared first on Supply Chain Game Changer™.

supply chain software solutions 59

supply chain software solutions Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization 59

ivalua

SEPTEMBER 24, 2020

This included centralized invoice receipt, digitization of all transactions, and the optimization of a single Invoice to Pay journey across the whole organization. The solution is to follow the top performers and focus on supplier enablement, smart matching and introduce the agile methodology of continuous improvement.

e2e 100

e2e supply chain budgeting Supply Chain Efficiency Suppliers 100

Procurement Insights

SEPTEMBER 11, 2024

Like 1Reply Vera Rozanova MBA, MCIPS Chartered, MEng (Hons)CPO-Chief Procurement Officer | Procurement Director | Supply Chain | Invited Lecturer | Author | Business Trainer | Transformation 2h Jon W. Hansen One of the key criteria for procurement when selecting an IT provider is their client base.

Influencing 52

Influencing Procurement team Agile and Lean Supply Chain Procurement 52

IBM Supply Chain Blog

MAY 13, 2024

Access to multiple options enables rapid adaptation when new trends or strategic shifts occur, maintaining agility and resilience. Optimize costs across use cases : Different models have varying cost implications. This step focuses on right-sizing the model to fit the use case optimally as bigger is not necessarily better.

Cost of ownership 70

Cost of ownership Ethics Risk Innovation 70

Finale Inventory

MARCH 28, 2024

From brand messaging that illustrates how companies are enacting earth-friendly practices in their business to certification bodies such as B Corp who are starting to scrutinize global supply chains as part of the credentialing process, companies are trying to level up to their consumers’ expectations as best they can.

Supply Chain Efficiency 52

Supply Chain Efficiency Raw materials Sustainability Inventory 52

Arkestro

MARCH 28, 2023

Arkestro sets the optimal conditions across all your spend, by default. It focuses on being flexible and omitting redundancies to increase resilience in the event of supply chain disruptions. Watch our demo or view our infographic. Or, Box who established an inclusive and diverse supply chain with Arkestro.

Procurement 52

Procurement Real-time Visibility Procurement team Purchasing 52

Arkestro

MARCH 28, 2023

Arkestro sets the optimal conditions across all your spend, by default. It focuses on being flexible and omitting redundancies to increase resilience in the event of supply chain disruptions. Watch our demo or view our infographic. Or, Box who established an inclusive and diverse supply chain with Arkestro.

Procurement 52

Procurement Real-time Visibility Procurement team Purchasing 52

Spend Matters

JUNE 19, 2023

In our experience, what differentiates advanced working capital and early payment vendors is the ability to provide a cash planner tool to improve cash and capital planning for buyers and suppliers, a partner ecosystem to support supply chain financing and AI capabilities to improve supplier adoption of the programs.

Buyers 74

Buyers Collaboration Suppliers Agile and Lean Supply Chain 74

IBM Supply Chain Blog

MARCH 14, 2024

By using fit-for-purpose databases, customers can efficiently run workloads, using the appropriate engine at the optimal cost to optimize analytics for the best price-performance. With watsonx.data, customers can optimize price performance by selecting the most suitable open query engine for their specific workload needs.

Data 75

Data Innovation Cost of ownership Management 75

IBM Supply Chain Blog

JUNE 29, 2023

Teams can then use the models to predict maintenance needs, simulate changes to the system and optimize processes (e.g., Explore how digital twins can optimize the performance of your assets in a sustainable way What is a digital thread? safety protocols, reporting procedures, manufacturing processes, etc.).

Data 53

Data Collaboration Product development Sustainability 53

IBM Supply Chain Blog

DECEMBER 7, 2023

C-OLAP optimized data storage for faster query processing, while IM-OLAP stored data in memory to minimize data access latency and enable real-time analytics. Cost optimization : Optimizing cloud spending for OLAP resources can be challenging due to complex pricing models and resource utilization patterns.

Data 57

Data Strategic planning Value analysis Cost optimization 57

IBM Supply Chain Blog

SEPTEMBER 12, 2023

In today’s complex and dynamic environments, traditional manual approaches fall short in delivering the agility, accuracy and scalability demanded by site reliability engineering (SRE) and DevOps practices. This information is vital for capacity planning and performance optimization.

Real-time Visibility 63

Real-time Visibility e2e Data Sustainability 63

Pipefy

JULY 12, 2023

They serve a supporting role, allowing front office departments to function at optimal productivity. Inventory management Inventory management is the ordering, storage, organization, and movement of inventory through an organization’s supply chain, and includes replenishing supplies of products and materials.

Supply Chain Efficiency 52

Supply Chain Efficiency Real-time Visibility Agile and Lean Supply Chain supply chain software solutions 52

ivalua

NOVEMBER 26, 2019

This is where helping organizations innovate, ensuring business agility and even growing revenue comes into play. That means not just the workflow (which demos nicely in sales meetings to mask deficiencies created by acquisitions), but also at the data level and UI. Global automotive component supplier Meritor is a great example.

Procurement 130

Procurement Sourcing Spend management Innovation 130

Planergy

JULY 21, 2023

Cristian Maradiaga King Ocean Book a Live Demo Download a free copy of "Indirect Spend Guide", to learn: Where the best opportunities for savings are in indirect spend. This contingent labor allows you to optimize your marketing without fully engaging an internal marketing department or marketing agency. Book a Live Demo 2.

Management 52

Management Procurement supply chain budgeting Budget 52

Planergy

DECEMBER 29, 2022

Book a Live Demo. That means working with agile partners, which most standard procurement strategies don’t account for. Building relationships with marketing agencies is just as important as managing any other part of your supply chain, whether you hire an agency full-time, or as a one-off. Book a Live Demo.

Procurement 52

Procurement Raw materials supply chain budgeting supply chain software solutions 52

IBM Supply Chain Blog

JULY 26, 2023

The aim is to optimize resource allocation by ensuring funds are allocated to activities that align with strategic objectives and generate the highest value. ZBB promotes agility in resource allocation, enabling organizations to respond effectively to evolving market conditions.

Budget 56

Budget Data Cost optimization Collaboration 56

IBM Supply Chain Blog

JUNE 2, 2023

IBM Consulting’s Accelerated Incremental Mainframe Modernization Legacy applications, while being the current crown jewels of states’ IT ecosystems, hinder business agility and are expensive and complicated, therefore making any rebuild, refactor or integration attempts risky.

Data 79

Data Collaboration Sourcing Management 79

Pipefy

JULY 29, 2024

Because of its ability to quickly analyze and interpret vast stores of data, AI can be an invaluable tool for automation and process optimization. Agility is key to any company’s long-term success. Bots can be trained on supply chain data, learning how to monitor inventory spikes or predict parts starvation.

Data 52

Data Supply Chain Optimization Supply Chain Efficiency Risk 52