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Buyers Demand Real-time Visibility 
SCMDOJO
NOVEMBER 20, 2024
Such as: Real-time visibility into stock levels Visibility of stock location and movement When accurate and up-to-date information on the product quantity is available to a particular firm, it dramatically helps a company’s growth and reduces obsolescence. Moreover, Obsolete inventory damages future stock as well.
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Spend Matters
NOVEMBER 7, 2024
We believe these companies deserve greater visibility, especially in a market which is increasingly consolidating and diluting buyer choices. To potential buyers — Halo Ai’s founder has a background in procurement and has built the tool with procurement in mind and to replace current TPRM and GRC point solutions.
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From Rigid To Resilient: Why Enterprises Need Modular Commerce Now
Staying Ahead of UFLPA Enforcement: Best Practices for Retail Supply Chains
Supply Chain Game Changer
AUGUST 26, 2021
Supply Chain Visibility Has Never Been More Important! Supply Chain visibility article and permission to publish here provided by Adam Miglio. would demand its implementation. Even the most robust ERP systems seem to lack the visibility that organizations are desperate to acquire, and in real-time.
Finale Inventory
NOVEMBER 18, 2024
This technology streamlines the invoicing and collection, reducing manual errors and saving valuable time. Benefits of AR Automation: Digital Invoicing : Generate and send digital invoices automatically for timely and accurate billing. This, in turn, accelerates the payment cycle and improves overall cash flow.
Jaggaer
OCTOBER 24, 2024
The concept goes beyond traditional buyer-supplier relationships, focusing on creating value through closer, more integrated partnerships. The result is a vehicle that meets market demands for sustainability and performance while reducing time to market and production costs.
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.
ivalua
FEBRUARY 25, 2021
Additionally, a purpose-built solution will enable you to measure and monitor buyer adherence to compliance purchasing, ensuring your team is taking advantage of preferred items and reaping the rewards of the contracts you have in place. Demand planning capabilities. Point-of-use data capture. The post ERP vs.
Jaggaer
OCTOBER 24, 2024
Collaboration across Tier 1, Tier 2, Tier 3, and beyond requires visibility and communication regarding capacity, cost, risk, order quantities, inventory levels, quality , timelines, logistics, and more. Collaboration brings visibility and agility for gaining market share.
Spend Matters
JANUARY 30, 2023
Categories: Procurement Strategy & Planning , Supply Chain Visibility Tags: PRO This Spend Matters PRO Vendor Analysis provides an overview of Portcast and its solution for cargo tracking. It is a data-first company that prides itself on near-instant updates and exceptional logistics visibility. Read more. )
Procurement Tactics
DECEMBER 21, 2022
After taking the time to read this article, you will have a deeper understanding of what supply chain collaboration is all about. Thus, allowing you to know if your decision is right when the time comes you are going to collaborate in the supply chain. . Defining Supply Chain Collaboration. Horizontal Collaboration .
199 
The Thomas Blog
AUGUST 15, 2022
Data shows that industrial buyers are typically 70% of the way through their purchase decision process before reaching out to a supplier. That's because today's B2B buyers are mostly millennials who are digital natives and do all their online research anonymously online first. If you answered yes, that's great!
143 
Procurement Tactics
NOVEMBER 14, 2022
An example of a Retail Supply Chain from the founder of Procurement Tactics: “In my period as Procurement Manager for Ahold Delhaize, I learned that there is a strong link between the performance of buyers and the supply chain. Additionally, you will get real-time visibility into all areas of your business.
Procurement Insights
MARCH 17, 2025
Anyone who has followed the Procurement Insights blog for any length of time knows I love to ask questions and am voracious about gaining new insights. Approach : Data-driven, emphasizing external market insights to level the playing field between buyers and suppliers. commodity buyers, cost analysts). Key Comparison Points 1.
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Supply Chain Collaborator
MARCH 16, 2020
For some shippers it is collapsing demand and leaving unprecedented idle capacity. A surge in demand to ship the flood of crude oil unleashed by Saudi Arabia and its OPEC peers is sending freight rates surging and forcing buyers to seek out space on smaller tankers after the largest ones have been booked out, shipping sources said.
Jaggaer
OCTOBER 24, 2024
By selecting and developing the right suppliers and establishing streamlined, transparent communication with them, manufacturers gain the agility and resilience to respond to customer demands, rise to the top, and navigate disruptions more easily. That makes agility a foundational part of your manufacturing strategy.
ivalua
JUNE 1, 2022
Overall, their strategy must move toward data-driven decision-making to provide real-time information visibility. However, they could probably leverage their great buyers in a better way by having proper data delivered to them upfront and allowing them to identify the most strategic new projects.
Spend Matters
MAY 8, 2023
The intention is that by creating a user-centric collaboration layer between buyers and suppliers on top of the Coupa platform and infrastructure, the solution will streamline and enhance collaboration while decreasing operational business risks. Coupa is not releasing all of the above at the same time.
102 
ivalua
MARCH 9, 2023
Either through data analysis or demand from the business–there is a need to execute a sourcing event. The contracts govern the relationship between the buyer and supplier, an essential process to inform Procure-to-Pay. Supplier on-boarding time: S2P can significantly reduce the time it takes to on-board new suppliers.
130 
Spend Matters
OCTOBER 17, 2024
We believe these companies deserve greater visibility, especially in a market which is increasingly consolidating and diluting buyer choices. To potential buyers — ivoflow offers a focus on actionable insights and cost savings initiatives rather than just static spend analysis. ” What does it mean to be named a Future 5?
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Una
JANUARY 17, 2023
Zero visibility of the risks their ships faced, from storms to piracy and political instability, rendered those on shore helpless to intervene. That is why the most important gains in supply chain technology have been in the area of visibility. But that is not the only area where technology is rapidly evolving. Supply chain technology.
ivalua
SEPTEMBER 19, 2022
Loss of sales and market share are the most visible and measurable impacts. Under pressure to quickly identify new sources of supply, due diligence has–at times been reduced, thereby increasing the likelihood of quality issues, unknowingly supporting forced labor, or exposing organizations to fraud. Increasing Supplier Visibility.
130 
Supply Chain Game Changer
SEPTEMBER 6, 2022
For example, when a customer orders an item through your online shop, you must ship it to the buyer within a specific time frame to avoid cancellation. If possible, you should also consider investing in warehouse management software to help you track inventory and boost the efficiency of your inventory management processes.
Procurement Heads
JANUARY 30, 2023
I am an IT Buyer and procure software and hardware. Having said that supply chain was more so about the movement of goods ensuring that retail stores had sufficient stock to meet customer demand. IT procurement provides a lot more visibility to senior stakeholders within the business. Negotiation is a hobby for me.
Arkestro
MARCH 27, 2024
Resources / Blog / Unleashing the Power of Procurement Buyers: Delving into this Impactful Role Unleashing the Power of Procurement Buyers: Delving into this Impactful Role Buyers have always played an important role in the procurement industry, helping organizations obtain goods and maintain a careful balance of speed, cost-efficiency, and quality.
52 
Spend Matters
FEBRUARY 13, 2023
The company achieves this by using an advanced Al paired with real-world, in-the-moment perspectives from a proprietary network of partners that deliver insights down to the bill of material level. To potential buyers — Everstream Analytics is able to monitor and map n-tier suppliers, providing an in-depth look into its customers' risk.
TYA Suite
NOVEMBER 15, 2024
Each participant in the procurement process—whether they are suppliers, buyers, or logistics providers—has access to this shared ledger. This transparency is a game-changer because it enables all parties to view the same information in real time. This level of visibility is invaluable for several reasons.
Let's Talk Supply Chain
OCTOBER 2, 2023
Built to combat issues caused by the lack of adequate space in cities and near major highways and interstates, SecurSpace enables on demand access to a rapidly growing network of industrial facilities and businesses searching for parking and storage solutions. In his spare time, he enjoys golf and boating.
52 
Supply Chain Game Changer
OCTOBER 1, 2019
This demand would be translated to bills of material and component requirements through manual or semi-automated means. Purchase orders would be written out by hand and mailed or faxed to suppliers with buyers calling suppliers on the phone to tell them about their needs as well as the inevitable changes in demand. Conclusion.
Procurement Insights
MAY 27, 2024
” By the time Greg Brady and Ranjit Notani began their journey, I had already sold my company and was moving on to my next challenge. Businesses must take an outside-in network view and together serve the end consumer.” Delivery performance and product quality also improved dramatically.)” ” 30
The Network Effect
JANUARY 8, 2015
But what I’m going to discuss today is very real and the most advanced logistics providers can deliver them today. With orchestration, an LSP is afforded the visibility, monitoring, and operational insights required to ensure client service levels are maintained no matter who is performing actual supply chain tasks.
76 
Spend Matters
JUNE 19, 2023
This Spend Matters series takes a look at the state of procurement technologies in the market today and whether they meet user demands. 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.
Planergy
MARCH 18, 2025
Tools like PLANERGY enhance supply chain resilience by providing real-time tracking, data-driven insights, and streamlined communication with suppliers. Building strong supplier relationships, diversifying sourcing, and adopting solid inventory management practices are essential to minimizing risks and ensuring service continuity.
Supply Chain Game Changer
NOVEMBER 7, 2022
As a result, you can ensure that your production team can mass-produce high-quality items that would delight your buyers. For instance, if you experience rest and cannot fulfill orders on time, your customers might cancel or buy products from other alternatives. Minimizes Downtime. Avoids Equipment Breakdown. Reduces Product Shortages.
Una
AUGUST 30, 2022
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. IT Procurement | Stranger Things Keeping IT Buyers Up at Night. Wondering how a group purchasing organization works to save you money, time, and effort?
98 
Jaggaer
FEBRUARY 5, 2025
It is a process that creates efficiencies across all spend categories, minimizes supply chain risks through improved supplier selection and awards, while giving visibility into pricing and forecasting. Implementation of new supply structure Track results and restart assessment This model has essentially stood the test of time.
Spend Matters
JUNE 19, 2023
This Spend Matters series takes a look at the state of procurement technologies in the market today and whether they meet user demands. budget compliance and inventory availability), enable effective spend, preferred supplier and category management. In this article, our analyst Xavier Olivera looks at E-Procurement.
SCMDOJO
DECEMBER 14, 2023
Time is really important in business. Knowing how crucial time is for keeping customers happy and influencing what they buy, it’s clear that handling lead time (which means the time it takes to get things ready) is not just needed for business, but it also gives an edge in today’s competitive and complex economy.
Spend Matters
JUNE 19, 2023
This Spend Matters series takes a look at the state of procurement technologies in the market today and whether they meet user demands. Top 5 AP Automation (or I2P) tech capabilities click to enlarge What’s the state of the procurement technologies in the market today and do they meet user demands?
97 
Let's Talk Supply Chain
JUNE 15, 2023
Will my deliveries reach my customers on time? Creating something from the ground up also needs time. Purchasing last-mile technology nearly always guarantees faster deployment times and reduced capital expenditure. Efficient routing can help reduce delivery time, and fuel costs, and improve overall productivity.
Supply Chain Game Changer
JULY 1, 2021
Supply Chain Investment Challenges – Real and Imagined! That way, they can dwarf shipping times and delivery costs to meet customers’ expectations. But the resulting time and cost savings are so huge that the loan pays for itself in a few years. Invest in supply chain visibility. Subscribe Here! Email Address.
Supply Chain Game Changer
MAY 23, 2022
With reduced duplication of effort and time-saving, knowledge is more effectively utilized. Access to knowledge and expertise also increases employee participation, commitment, and loyalty since they do not need to spend time searching for answers or resources. Improves real-time decision making for efficient supply chain management.
IBM Supply Chain Blog
SEPTEMBER 18, 2023
At the same time, complex and fragmented supply chains can introduce challenges like supply chain compliance and fraud mitigation. Supplier visibility and traceability is growing in importance to help achieve environmental, social and governance (ESG) targets. Additionally, artificial intelligence (AI) plays an important role.
Finale Inventory
JULY 18, 2024
For example, a purchase order document may include segments for the buyer’s information, the seller’s information, and the items being ordered. For example, EDI allows for real-time inventory updates , providing accurate product availability information for online shoppers.
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Jaggaer
OCTOBER 24, 2024
From bundling spend to identifying mutual efficiencies, these approaches not only drive down costs but also strengthen supplier relationships, ensuring sustainability and value over time. For example, by sharing demand forecasts, suppliers can optimize production schedules, reducing their operational costs.
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