Supply Chain Collaborator

AUGUST 17, 2018

After all, when it has to be there on time and lead time is already short, simply finding a carrier willing to move the freight at any price can seem like a win. Whether you select the lowest cost quote, the carrier with the best on-time delivery performance or any other metric, you’re making an informed decision; not a panicked one.

Budget 100

Budget Competitive bidding Bidding Logistics 100

IBM Supply Chain Blog

JUNE 30, 2023

For the energy and utilities industry (E&U), time is not on their side. Equipment-heavy and reliant on an aging infrastructure, E&U clients suffer from costly supply chain disruptions as wear, tear and time take their toll. Visibility. However, maintenance inventory optimization is only part of the solution.

e2e 58

e2e Supply Chain Visibility Real-time Visibility supply chain budgeting 58

Procurement Tactics

JANUARY 23, 2023

By collecting data on routes, stock levels, drivers’ availability, vehicle tracking, and other pertinent information, a transport management system accurately forecasts expected delivery times while efficiently scheduling drivers accordingly.

Real-time Visibility 202

Real-time Visibility Management Supply Chain Efficiency supply chain budgeting 202

FourKites

DECEMBER 23, 2020

One additional area of focus is risk management, which, if left unchecked, can cause unexpected expenses to skyrocket within the other three budget areas. When creating a strategy for improving the productivity of your supply chain, you should analyze your costs within the following four areas: Staff time. 2: Right-size Your Inventory.

Supply Chain Efficiency 52

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

TYA Suite

NOVEMBER 5, 2024

Spend management software offers companies the tools to streamline financial operations, monitor expenses, and maintain control over their budgets. These tools automate the tracking of purchases, invoices, and payments, making it easier for companies to stay within budget while improving operational efficiency.

Spend management 40

Spend management Management Real-time Visibility Budget 40

Procurement Tactics

OCTOBER 16, 2022

The system gives the user accuracy, visibility, and control over whether the project can be profitable or not. Visibility of the workflow. Before the creation of ERP systems, the coordination of the involved parties in the project is time-consuming and takes a lot of effort. . CAD interface. Work cycle process. Scheduling.

Real-time Visibility 130

Real-time Visibility Budget Inventory control Data 130

Spend Matters

OCTOBER 10, 2023

Pre-pandemic, T&E spending represented a significant portion of a company’s discretionary budget. Real-time expense automation is the future. A nearly identical amount (89%) says the organizational ability to track spending in real-time will be commonplace or a differentiator in the same timeframe.

Real-time Visibility 106

Real-time Visibility Management e2e Budget 106

Una

OCTOBER 17, 2023

EPISODE 137 Using Visibility to Combat Supply Chain Abstraction with Frank Kenney By Kelly Barner | October 18, 2023 In the race to build global empires of data and digital systems, today’s businesses must not risk forgetting what all of those zeroes and ones mean.

supply chain budgeting 81

supply chain budgeting Real-time Visibility Supply Chain Efficiency Supply chain 81

IBM Supply Chain Blog

JUNE 30, 2023

. ​ Automotive supply chain facts Up to 50 percent of unscheduled downtime is due to a lack of spare parts or stockouts ( The Importance of Inventory Optimization in MRO, July 2015 , Aberdeen Group) Generally, 99% of [semiconductor] manufacturing foundries have no visibility where the part is going. Why is this happening?

supply chain budgeting 62

supply chain budgeting Supply Chain Optimization Supply Chain Efficiency Real-time Visibility 62

Procurement Tactics

JULY 20, 2023

This integration enables businesses to have real-time visibility into order status, inventory levels, and supplier performance, enabling them to make informed decisions and respond quickly to changing market demands. This automation saves time and effort, making the procurement process more efficient.

supply chain software solutions 134

supply chain software solutions Suppliers Management Purchase orders 134

Supply Chain Game Changer

SEPTEMBER 22, 2022

Without them, it will be more difficult to manage spending, control budgeting, vet your suppliers, and do what you need to do to get the most out of your procurement process. High-quality procurement software can be used for everything from Inventory management to budgeting. Spend Visibility. Real-time Spend Tracking.

supply chain budgeting 101

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

ivalua

FEBRUARY 10, 2023

It also has an impact on procurement teams as they are responsible for managing supplier relationships, identifying opportunities for cost savings, and ensuring that goods and services are delivered on time and within budget. This helps ensure your contracts remain favorable and that all stakeholders comply with the negotiated terms.

Price 264

Price Strategy Sourcing Real-time Visibility 264

Procurement Tactics

DECEMBER 6, 2022

However, these manual processes are ineffective and cost a lot of effort, time, and money. Spend management usually includes strategic procurement processes such as category management, supplier management, inventory management, and product development. . Visibility of expense data. What is Spend Management? Eliminate fraud.

Spend management 172

Spend management Management Real-time Visibility Budget 172

ivalua

JANUARY 13, 2021

– Spend control through real-time visibility into budget consumption, negotiated prices, preferred suppliers, engagement channels. – Process efficiency with reduced cycle times and considerably decreased errors or fraud opportunities. – Results : 30% decrease of process time.

Eprocurement 235

Eprocurement Real-time Visibility Purchase orders Budget 235

Procurement Tactics

MAY 31, 2023

Inventory control helps to avoid the various costs associated with purchasing excessive inventory and the strains of operating without sufficient inventory. If a company can lower inventory, it may discover new funds available for expansion or profits. Thus, learning how to control warehouse inventory is essential.

Inventory control 174

Inventory control Inventory Real-time Visibility supply chain budgeting 174

Finale Inventory

SEPTEMBER 23, 2024

In a competitive business environment, it’s critical for small businesses to effectively manage their inventory. The success of these businesses heavily depends on their ability to track and manage their stock in real-time.

Inventory 52

Inventory Real-time Visibility Purchase orders Demand 52

IBM Supply Chain Blog

OCTOBER 3, 2023

Cloud costs are out of control, and teams spend too much time fixing instead of innovating. It’s time for IT to go from reactive to proactive and preventative. You’ll find automated full-stack visibility, one-second granularity and three seconds to notify.

Real-time Visibility 89

Real-time Visibility Cost optimization Budget Data 89

ivalua

FEBRUARY 27, 2023

It also has an impact on procurement teams as they are responsible for managing supplier relationships, identifying opportunities for cost savings, and ensuring that goods and services are delivered on time and within budget. This ensures contracts remain favorable and all stakeholders comply with negotiated terms.

Real-time Visibility 130

Real-time Visibility Procurement Agile and Lean Supply Chain supply chain budgeting 130

Finale Inventory

AUGUST 23, 2024

These assets may include inventory, equipment, vehicles, and more. Effective asset tracking ensures that businesses have real-time visibility and control over their assets , leading to improved operational efficiency and reduced costs. Real-time tracking provides insights into asset utilization and performance.

Real-time Visibility 52

Real-time Visibility Inventory Budget Cost of ownership 52

Finale Inventory

AUGUST 8, 2024

With real-time visibility into tool availability and location, construction companies can quickly locate and assign tools to the right workers, avoiding unnecessary downtime and project interruptions. Real-time tool tracking transforms construction operations. Inventory management is another key benefit.

Inventory 52

Inventory Real-time Visibility Project management Order Fulfillment 52

Finale Inventory

SEPTEMBER 6, 2024

Understanding the Importance of Inventory Tracking To appreciate the significance of inventory tracking, it’s important to understand its role in business success. Inventory tracking involves monitoring and managing the flow of goods in and out of a company. This minimizes stockouts and ensures a steady supply of products.

Inventory 52

Inventory Real-time Visibility supply chain software solutions Order Fulfillment 52

Spend Matters

APRIL 4, 2024

The technology opens up a wealth of capabilities not previously possible for the procurement practitioner in terms of data availability, end-to-end visibility, cost, time and risk reduction, and ultimately the overall health of the third-party network. And those risk factors can change at any time; it’s a very dynamic landscape.

Real-time Visibility 87

Real-time Visibility Management e2e Risk management 87

TYA Suite

AUGUST 26, 2024

The provides visibility into spending patterns, helping businesses identify cost-saving opportunities and avoid unnecessary expenditures. Workers can concentrate on more strategic duties because this automation cuts down on the time and effort needed for manual work. Automation is the backbone of effective procurement software.

supply chain software solutions 40

supply chain software solutions supply chain budgeting Real-time Visibility Procurement 40

Finale Inventory

SEPTEMBER 19, 2024

Understanding your spending patterns helps you set realistic financial goals, create accurate budgets, and forecast future expenses with more precision. Limited resources and tight budgets can make it difficult to implement effective tracking systems. Manual tracking and reconciliation can also be time-consuming and prone to errors.

Inventory 52

Inventory Real-time Visibility Budget Data 52

ivalua

JULY 16, 2020

According to the study, almost all (95%) UK businesses have plans in place to address environmental concerns in the supply chain over the next 12 months; however, given the impact of COVID-19 on business operations and budgets, many of these could be impacted. Lack of visibility slowing plans to tackle environmental concerns.

Sustainability 130

Sustainability Real-time Visibility supply chain budgeting Supply chain 130

Arkestro

APRIL 25, 2023

The workforce shortage reached half a million this year , and many sectors continue to grapple with increased lead times, and volatile material costs. At the same time, the number of young, able-bodied construction workers has decreased by 8% over the past decade, further exacerbating the industry’s labor shortage.

Supply Chain Efficiency 52

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

IBM Supply Chain Blog

APRIL 4, 2024

Conversely, it has a larger scope than task management, which deals with individual tasks, and project management, which handles one-time initiatives. By establishing standardized workflows and decision rules, BPM streamlines the claims process by reducing processing times and minimizing errors.

Real-time Visibility 54

Real-time Visibility Management e2e Supply Chain Efficiency 54

Finale Inventory

AUGUST 14, 2024

As ecommerce continues to grow, efficient inventory management is critical for the success and profitability of businesses. Traditional inventory management methods often struggle to provide accurate real-time data and streamlined processes.

Inventory 52

Inventory Supply Chain Efficiency Real-time Visibility Management 52

ivalua

NOVEMBER 29, 2021

Lack of control or visibility into what is being spent and with which suppliers. Budgeting challenges as tail spend typically often not planned for . Once you have visibility into your tail spend, you can look at patterns. Non-compliance with internal policies and regulation, creating legal risks for the company. .

Buyers 130

Buyers Real-time Visibility Purchasing Spend management 130

ivalua

AUGUST 17, 2021

A recent study by Forrester found that the single greatest factor in increasing a supplier’s willingness to collaborate with and share innovations with a customer was timeliness of and visibility into payments. It is not uncommon for organizations to spend time on supplier enablement without achieving a huge amount.

Real-time Visibility 130

Real-time Visibility Suppliers Innovation Contract 130

Finale Inventory

JULY 8, 2024

In a fast-paced and competitive ecommerce environment, efficient inventory management is vital for businesses to stay ahead. It’s time to embrace the power of a computerized inventory system. One such system gaining popularity in the industry is Finale Inventory.

Inventory 52

Inventory Real-time Visibility Order Fulfillment Supply Chain Optimization 52

Finale Inventory

AUGUST 28, 2024

Many companies now rely on inventory management software to automate tasks such as tracking stock levels, reordering supplies, and generating reports. These solutions provide real-time visibility into inventory, helping managers make informed decisions and avoid stockouts.

Inventory 52

Inventory Management Real-time Visibility Negotiation 52

Finale Inventory

SEPTEMBER 4, 2024

Defining Supply Chain Traceability In straightforward terms, supply chain traceability means having full visibility and transparency across the entire supply chain. How Finale Inventory Enhances Traceability By utilizing Finale Inventory’s features , small businesses can boost their supply chain traceability in several ways.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Inventory 52

Finale Inventory

AUGUST 21, 2024

Scanning these barcodes lets you quickly and accurately record stock movements, track items, and update inventory levels in real-time. This minimizes human error and speeds up inventory tasks. A barcode inventory system also provides valuable insights into your business operations.

Inventory 52

Inventory Import Real-time Visibility Order Fulfillment 52

Procurement Software

APRIL 23, 2024

Located in Amsterdam, Netherlands, the company leverages advanced AI technologies to enhance procurement processes, focusing on efficiency and data visibility. What sets Mithra-AI apart is its real-time, continuous visibility of spend data, coupled with proactive alerts for opportunities and risks.

supply chain software solutions 52

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

Procurify

JULY 4, 2022

When this happens, a lot of time and effort is lost trying to recover the money. . You should also set up approval sequences in your e-procurement software so you can have better visibility and insights into the procurement process. Company Purchasing Exceeds Budgets (Without Anybody Realizing It).

Real-time Visibility 59

Real-time Visibility Procurement Purchasing Budget 59

Procurement Software

AUGUST 20, 2024

If you’re wondering what budget you need, we covered the cost for different procurement tech apps in a separate piece, What big challenge could digital procurement tools fix? The reality though is that many of them are spending a disproportionate amount of time on tactical work and firefighting day-to-day operational purchasing issues.

Procurement 52

Procurement Real-time Visibility Budget Procurement team 52