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Smarter Insights, More Innovative Solutions: Why Procurement Needs a Seat at the Strategy Table

Pipefy

From reducing waste and containing costs to mitigating risks such as procurement fraud and inflated expenses, procurement’s insights and expertise can help businesses navigate some of their most pressing challenges. All this combined is a recipe for end-to-end operational inefficiency.

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Streamlining supply chain management: Strategies for the future

IBM Supply Chain Blog

Technology-driven visibility AI and machine learning can be used to analyze large amounts of data quickly and accurately, providing insights that can improve forecasting, inventory management, and customer service. A supply chain control tower can connect many sources of data-driven information and improve end-to-end visibility.

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Spend Matters Future 5 2023 – Introducing akirolabs

Spend Matters

We believe these companies deserve greater visibility, especially in a market which is increasingly consolidating and diluting buyer choices. The process we ended up digitalizing,” Michael concludes, “was the strategic procurement process.” akirolabs derives procurement strategies from the overarching business strategy.

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Intelligent Supply Chain Technologies for the Future!

Supply Chain Game Changer

The impending changes include connected, end-to-end, value chains, and more intelligent, automated, and autonomous distribution systems. Businesses can also look to empower employees within the supply chains by providing advanced technologies to collate workers’ perspectives.

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Strategic Procurement: What Is Is and Why It’s Essential for Business Resilience 

Pipefy

It also benefits end-to-end procurement management since visibility and transparency are emphasized. For example, if the company is prioritizing ESG, the procurement team may source from suppliers or vendors that are compliant with certain business requirements or compliance standards.

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How IBM process mining unleashed new efficiencies in BoB-Cardif Life

IBM Supply Chain Blog

They identified the lack of an end-to-end perspective and the need to enrich process management methods. Business Application: BoB-Cardif Life enhanced transparency in the claim process for key stakeholders, offering visibility into the complete processes and their frequency for the first time.

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How to build a successful procurement strategy

IBM Supply Chain Blog

Understand the organization’s needs—whether it’s increased sales, managing cash flow, shorter time-frames, improved forecasting, quality management or sustainability—and how they align with the overall business strategy and long-term plan.