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EDITOR’S NOTE: In December 2010, I wrote an article about one of Time Magazine’s picks for the Top Innovations in 2008 – Made-in-Transit Packaging. I obviously think what EiKO is doing regarding process visibility is great – kudos to the company for its progressive customer-centric thinking.
In this article we will highlight some of the key changes AI has made to procurement strategies in the following industries: manufacturing and industrials, life sciences and healthcare, and the public sector. Across industries, AI is capable of reshaping procurement, making it smarter, more predictive and highly efficient.
After reading this article, you should have a good idea of the different software that you can utilize in your business. The SRM aims to ensure buying from reliable suppliers, bring end-to-endvisibility of supplier collaboration workflow, and improve the resilience of the supply chain. . ProcureWare.
In this Spend Matters Vendor Analysis Update, we give an updated overview of Zivio, a solution that helps organizations (buying organizations and MSPs) manage sourcing for complex services categories, such as legal, marketing or facilities management. This content is for members only. Visit the site and log in/register to read.
Make your website visiblearticle and permission to publish here provided by Ken Smith. Here are some ways to grab more eyeballs and make your website visible and more trustworthy and reputable on the internet. It simply makes the whole session end-to-end encrypted. Subscribe Here! Email Address.
For this article, we will tackle what a financial supply chain is. After reading this article, you will be able to grasp fully what a financial supply chain is. The buyer can also source capital from banks or other financial providers at a lower cost or interest. . We will tell you how it works and how you can manage it.
“Supply chain visibility refers to the ability to track and monitor products, materials, and information as they move through the various stages of a supply chain, from the sourcing of raw materials to the delivery of the final product to the end consumer. Keep that in mind.
In this article, we are going to explore what procurement tracking is, its importance in business and the tools to be used when conducting it for its efficient execution. These tools allow for automated, integration to suppliers and visibility in procurement data at any time.
Spend Matters is publishing a series of articles about procurement, supply and services trends for the year ahead from expert tech and services providers in the market. Today, for procurement organizations too, applying an AI-first approach has become imperative, especially in the source-to-pay process.
My curiosity on the topic, inspired by the daily barrage of articles, emails, white papers, and webinar invitations on digital transformation, piqued my desire to get to the bottom of what it is or isn’t by way of an informed, expert source. Modernization article and permission to publish here provided by Bryce Boothby.
For this article, we will talk about what the contract management process is. After reading this article, you will have an insight into why contract management is needed in an organization. Enhancing strategic sourcing through data analysis. Enhanced contract visibility. What is Contract Management? LEARN MORE.
Intelligent Supply Chain technologies article and permission to publish here provided by Dan Weinberger , UN Supply Chain Expert and CEO of Morpheus Network. The impending changes include connected, end-to-end, value chains, and more intelligent, automated, and autonomous distribution systems. Subscribe Here! Email Address.
In this article, Professor Burcu Keskin from University of Alabama will share 7 trends that procurement and supply chain management professionals should watch. With “Internet of everything” concept expanding, there are more opportunities to connect supply chains and increase the visibility from order initiation to order delivery.
For this article, we will discuss what the best practices in vendor management are. After reading this article, you will be able to manage the organization well through the best practices tips that we shared with you. Vendor sourcing . This course is a perfect fit for ambitious procurement & sourcing professionals.
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. Una’s team of Sourcing Advisors is here to help. Digital procurement game-changers.
This Spend Matters Brand Studio article was written in conjunction with Certa. The technology opens up a wealth of capabilities not previously possible for the procurement practitioner in terms of data availability, end-to-endvisibility, cost, time and risk reduction, and ultimately the overall health of the third-party network.
Procure-to-Pay (P2P) and Source-to-Pay (S2P) are not just fancy acronyms used by consultants, procurement and finance professionals. Behind these terms are whole concepts of processes that manage how goods and services in your business are requested, sourced, received and paid. What steps are involved in Source-to-Pay?
Supply Chain Systems article and permission to publish here provided by Dave Joseph at veridian.info. This reduces the risk of fraud and theft by enhancing visibility to the freight in the yard, which in turn provides additional integrity into the supply chain. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer.
Featuring Our 12 Best Procurement Articles! Dirty little secrets article and permission to publish here provided by Sam Jenks. Just like any industry, many procurement organizations have some dirty little secrets that may not be so secret to those practitioners reading this article. Lack of Visibility Beyond Tier 1.
Supply Chain and it’s importance is more visible than at any time in history. Supply Chain must develop the leadership skills to really manage global Digital Supply Chains with real time visibility , based on the end-to-end global electronic connectivity of every aspect of their Supply Chains. All Rights Reserved.
SCM software article and permission to publish here provided by Irina Kapetanakis. In the early days of supply chain digitization , these systems provided increased visibility and data pools to improve supply chain operations. While PLMs are great to manage those early stages, it is not a solution to handle end-to-end operations.
Once only utilized by the largest organizations, cloud computing has brought TMS solutions to the masses with mid-sized and even small shippers able to source and implement solutions that are affordable and effective in automating their logistics processes. Her TMS solution wish list includes: End-to-end execution. Connectivity.
Orchestration : Beyond the technical aspects, how does the system handle data harmonization, task handover and visibility, and automation? This is where intake and orchestration start to overlap with source-to-pay (S2P). Early involvement can increase total sourcing savings by 5%-10%.
Strategic Fit: Amex aimed to build an end-to-end B2B platform (Anna Marrs, Amex), enhancing its supplier-side offerings beyond card issuance. Why You Missed It: If your focus is on strategic sourcing, supplier collaboration, or niche innovations (e.g., Hansens 3,000 articles or Coupas enterprise webinars, Ramps narrative (e.g.,
Procure-to-Pay (P2P) and Source-to-Pay (S2P) are not just fancy acronyms used by consultants, procurement and finance professionals. Behind these terms are whole concepts of processes that manage how goods and services in your business are requested, sourced, received and paid. What steps are involved in Source-to-Pay?
As we articulated in our article A Don’t Touch Strategy Will Dramatically Lean Out Your Supply Chain! According to the Lean philosophy any activity that does not transform goods and add value that an end consumer will pay for should be considered waste. What is a Don’t Touch Supply Chain Strategy? Conclusion.
Article created and permission to publish here provided by Jenis Sheth at [link]. Every research firm and vendor has their own definition, but all share the common theme of visibility. A traditional control tower provides visibility to immediate trading partners only. Subscribe Here! Email Address.
Be it sourcing, creating, planning, or delivering, there is a clear need to adopt more digital tools and cloud-based collaboration platforms so that stakeholders are always on the same page. CLM involves the end-to-end tracking of product, payment, rebate, and delivery information in the supply chain.
For the sake of this article, we would consider any business above $50 million and below $1 billion in annual revenue to be a mid-market business. Above $1 billion businesses are typically a target of established, enterprise source-to-pay and source-to-contract suites. What is considered a mid-market business?
But what happens when sourcing professionals realize the importance of letting its guard down and begins working alongside other teams? Understanding the technology is essential, otherwise procurement will be working in the dark trying to source an IT product they do not really understand. IT managers can be territorial, too.
Omnichannel alphabet soup article and permission to publish here provided by Bryce Boothby. Maintaining an E2E chain of custody is almost impossible. Achieving the end game of ‘customer delight’ requires visibility and control over each touch point until the product is in the customers hands – not to mention returns handling.
In this article, we will show you tips from worldwide experts that you can use to streamline your global supply chain operations. Whether you''re a manufacturing company in China, a sourcing agent in London or a world''s leading company in Silicon Valley, we''re all in a global supply chain networks.
Not only that, it also offers a single source of truth, having all of your contract documents and contract management data in one place. While this article focuses on procurement contract management software, some of these platforms also have features for Sales and Legal. Contract management software covers a pretty broad spectrum.
Multi Echelon Inventory Management requires analysis across the full end-to-end (e2e) supply chain to determine what inventory is needed, where it should be held and in what format; balancing at all times commercial requirements with supply. The start-point for any Inventory Optimization initiative is Visibility.
In this article, our analysts Bertrand Maltaverne, Pierre Mitchell and Abigail Omen provide insight on Spend Analytics. Spend Analytics solutions provide a single view into all historic, current and planned supplier spending in order to improve that spending through better sourcing, compliance and demand management.
In one of the old article of SCMDOJO “ What is Supply Chain Management ? However, topics such as logistics, logistics, physical sourcing and supply chain management are not included in these courses. The management of digital production flows brings great agility to the entire supply chain, from end to end.
It helps bring predictability to Strategic Sourcing, automates Transactional Procurement (or P2P cycle), and enables proactive Supplier Risk Management. This article will examine the top benefits and most typical challenges with procurement automation. Benefits of Procurement Automation. Challenges of Procurement Automation.
The abrupt shift in shopping patterns and demand for certain consumer goods and medical supplies compounded the problem and revealed the risk of maintaining small inventories through just-in-time sourcing. Of those, 44 percent did not yet have a plan for dealing with the disruption. But that’s just the start.
The information listed in invoices helps the accounts payable team keep track of company spending and purchase trends to better predict needs, which in turn improves the purchasing team’s sourcing and strengthens negotiation power. Department level $3.31 $2.72 $2.71 $2.68
In his words, “If we don’t have visibility of it, we don’t know where to go at it.” Analytics, on the other hand, done correctly, can provide this visibility. Concluding the presentation, Sam shares a story of being at a conference in June and hearing a CPO saying, ‘We need an end-to-end solution.
Food importing and exporting article and permission to publish here provided by Emma Wilson. Vendor Sourcing. Hire a global end-to-end freight forwarding partner to serve as a transport agent and move your cargo. Brand Visibility and Social Responsibility. Brand Visibility and Social Responsibility.
In this article we’ve compiled a number of Supply Chain quotations from these experts regarding the Supply Chain and the pandemic. Third, companies should gain as much visibility as they can into the details of their supply chain. During this time it’s important to reflect on what many of the global experts have had to say.
At the time of this article going live, I can imagine a lot of scrambling going on across importers up and down the country—and we’ve not even hit peak selling season yet. Some reports tie Coca-Cola to sugar sourced from Xinjiang and also document Uyghur workers in a factory that makes Nike shoes in Qingdao.
This article examines why supply chain traceability matters and how Finale Inventory can assist small businesses in achieving it. Defining Supply Chain Traceability In straightforward terms, supply chain traceability means having full visibility and transparency across the entire supply chain.
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