ivalua

FEBRUARY 25, 2021

ERP solutions often lack robust capabilities around managing all of the data attributes for products and vendors, and cannot update them in real time or in an automated fashion. Best-in-class solutions do a better job of capturing usage data for healthcare products at the time of patient use. Point-of-use data capture.

supply chain budgeting 221

supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 221

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

Spend Matters

JANUARY 14, 2025

This metric has become increasingly important as organizations deal with complex subscription models and misaligned budgets and billing cycles. Strong budget controls help prevent overspending and ensure better financial governance. Approval lead time is another important metric.

Real-time Visibility 100

Real-time Visibility Procurement Budget Procurement team 100

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

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

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

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

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

Planergy

DECEMBER 12, 2023

How to gain visibility and control of your indirect spend. Even using last year’s data to support the current year for your current budget may lead you astray without close monitoring, as factors change over time. Understanding School Budgets A school budget is more than just a financial document.

Budget 52

Budget Strategic planning Real-time Visibility Purchasing 52

ivalua

SEPTEMBER 2, 2020

By leveraging the pre-packaged solution customers gain: Complete visibility of the whole supply chain minimising subcontractor risk. Just in time work package procurement from sourcing to payment of contractors. Real time cost value reconciliation ensuring on budget delivery.

Spend management 26

Spend management Agile and Lean Supply Chain Management Real-time Visibility 26

Planergy

SEPTEMBER 6, 2023

How to gain visibility and control of your indirect spend. For the greatest chance of success, senior leadership should be involved in setting goals and determining success metrics that are aligned to budgets. Budgeting is a critical financial planning and management aspect for individuals, businesses, and organizations.

Budget 52

Budget Real-time Visibility Innovation Data 52

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

Planergy

DECEMBER 25, 2023

How to gain visibility and control of your indirect spend. Thanks to AI and other tools, you can now make better decisions with real-time data. It is the driving force behind financial decision-making, providing essential insights that guide strategic planning and budgeting. Let’s delve into the details.

Real-time Visibility 52

Real-time Visibility Data Budget Strategic planning 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

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 99

Real-time Visibility Management e2e Budget 99

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

Procurement Tactics

MARCH 27, 2023

Supply chain forecasting refers to the process of predicting demand by looking at past and present information to help businesses make decisions about their plan, budget, and stock inventory. The integration of AI into forecasting improves accuracy, saves more money, and helps businesses react to exceptions in real-time.

supply chain budgeting 192

supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 192

ivalua

OCTOBER 1, 2020

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. Organizations cannot improve invoice match rates when there is no visibility into the root causes of match failures.

Real-time Visibility 130

Real-time Visibility Networking Supply Chain Efficiency Suppliers 130

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

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

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

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

Supply Chain Game Changer

JULY 21, 2021

In supply chain, simply observing your entire supply chain in action to assess it is not possible, but with data and a reliable performance management system like The Owl, you can at-least have a real-time view of your supply chain performance through KPIs and metrics. Customer Lead Time (Service). Inventory Turnover (Cash).

Supply Chain KPIs 98

Supply Chain KPIs supply chain budgeting Supply Chain Efficiency supply chain software solutions 98

Procurement Tactics

JUNE 8, 2023

Reduction in processing time Warehouse automation makes processes faster and reduces the time spent on handling tasks. This saves a significant amount of time, especially when dealing with a large number of parcels. Many tasks in a warehouse are repetitive and take up a lot of time. Warehouse Automation Software 1.

supply chain software solutions 178

supply chain software solutions Warehouse operations Order Fulfillment Inventory 178

SCMDOJO

MAY 6, 2022

The growth of coding capabilities and accessible resources can help several firms consolidate data sources and create real-time visibility throughout the end-to-end supply chain using no-code development platforms. The benefits include cost savings and a quick turnaround time from development to implementation.

supply chain software solutions 119

supply chain software solutions Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 119

Procurement Heads

JANUARY 30, 2023

IT procurement provides a lot more visibility to senior stakeholders within the business. CIPS is valuable because it allows you to apply your theory to the real world. We practised timed negotiation and this also involved multi-variables such as budget, payment terms etc. Negotiation is a hobby for me.

supply chain budgeting 130

supply chain budgeting supply chain software solutions Negotiation Real-time Visibility 130

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

ivalua

NOVEMBER 10, 2020

e Procurement has been part of the technology footprint in many states for decades, to reduce cycle times, streamline processes, and collaborate with suppliers. . This includes gaining greater visibility into potential business through a transparent, competitive, and frictionless proces s, whether they are awarded a contract or not.

Procurement 130

Procurement Real-time Visibility Contract Sourcing 130

ivalua

NOVEMBER 10, 2020

eProcurement has been part of the technology footprint in many states for decades, to reduce cycle times, streamline processes, and collaborate with suppliers. . This includes gaining greater visibility into potential business through a transparent, competitive, and frictionless proces s, whether they are awarded a contract or not.

Sourcing 130

Sourcing Eprocurement Real-time Visibility Contract 130

Procurement Templates

JUNE 18, 2023

ChatGPT Inflation refers to the general increase in prices of goods and services in an economy over time, resulting in a decrease in the purchasing power of money. These indices track the average price changes of a basket of goods and services over time. Budgetary pressures: High inflation can disrupt budget planning and forecasting.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

ivalua

AUGUST 5, 2020

If this is done in a coordinated way, Invoice to Pay is more powerful than the traditional silo’s of Invoice software management, budget allocation and payments. This makes paying an invoice faster, simpler and on time. If at any stage buyer interaction is required, this is provided via a low touch email or mobile friendly interface.

supply chain software solutions 130

supply chain software solutions Real-time Visibility Networking Suppliers 130

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 81

Real-time Visibility Management e2e Risk management 81

Procurement Insights

NOVEMBER 12, 2024

In yesterday’s post, How do you eat an elephant one bite at a time if you don’t know it is an elephant? A healthy company has at least two organisations: (1) according to the org chart – the budget holders, (2-n) the grey matter; shadow organisations that keep the company going across functions.

e2e 69

e2e Real-time Visibility Budget Data 69

Una

OCTOBER 25, 2022

Once the relevant information has been collected, you’ll be able to prioritize how best to direct your resources and time. Instead, they’ll be able to spend more time nurturing the relationships that really matter. Unclear communication and a lack of transparency between buyer and supplier can be very time-wasting.

Supply Chain Efficiency 105

Supply Chain Efficiency Procurement Purchase orders Real-time Visibility 105

Spend Matters

JUNE 19, 2023

budget compliance and inventory availability), enable effective spend, preferred supplier and category management. PO orchestration The ability to optimize ordering efficiency while supporting category needs and remaining compliant with budgets, contracts and accounting.

Procurement solutions 86

Procurement solutions Procurement supply chain budgeting Real-time Visibility 86

IBM Supply Chain Blog

SEPTEMBER 19, 2023

For a long time, there wasn’t a good standard definition of observability that encompassed organizational needs while keeping the spirit of IT monitoring intact. It scales up to accommodate dynamic and distributed applications, allowing you to have full visibility across all your microservices, containers and serverless functions.

Real-time Visibility 79

Real-time Visibility Price Data Budget 79

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