Remove Budget Remove Demand Planning Remove Supply chain resilience
article thumbnail

ERP vs. Best-in-Class — What is Best for Managing the Healthcare Supply Chain

ivalua

A purpose-built solution can enforce proper governance and standards, automate master data optimization activities, identify product standardization opportunities, and automate category management for strategic sourcing in supply chain. Demand planning capabilities. Upgrades can be disruptive to the rest of the business.

article thumbnail

Technology Support in Integrated Business Planning: Automation, Augmentation and Human Centricity

Supply Chain Trend

Strategic planning–often for 3-5 years out–creates the initiatives to realize the vision (the What) as well as to promote the values and behaviors to display (the How). The budget, or annual operating plan, is normally the first year of the strategy. STRATEGIC AND VISIONING ENVIRONMENT.

article thumbnail

Procurement 101: Your Essential Guide to Strategic Sourcing

World of Procurement blog

The plan defines activities like category analysis, supplier consolidation, technology implementation, process re-engineering, skill building etc. It also identifies required resources, budgets and milestones for a successful strategic transformation. Dual sourcing and supply chain digitization can help.