Una

AUGUST 17, 2022

This is where strategic sourcing professionals spend most of their time, communicating directly with their top suppliers through an SRM program , and using cutting-edge procurement software to analyze spend and track risk. It's decentralized by buyers in the business (not procurement people). Quality concerns. Next is the tail.

Real-time Visibility 98

Real-time Visibility Spend management Procurement team Purchasing 98

ivalua

MAY 19, 2022

By removing the friction in global supply chains, for the first time, the payment and the sourcing event are seamlessly linked. This allows for part-payments, quality or milestone-based contract terms, even payment on receipt to be visible to the supplier, finance, treasury, and the buyers.

Supply Chain Efficiency 130

Supply Chain Efficiency Real-time Visibility e2e Buyers 130

Jaggaer

OCTOBER 24, 2024

The quality, timeliness, and transparency of that collaboration can have a dramatic impact on manufacturing performance. Supplier collaboration is a business essential. In times of pressure and crisis , highly responsive and trustworthy suppliers make agility possible.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

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. What Are Industrial Marketing Ideas To Grow Your Business?

Buyers 143

Buyers Real-time Visibility Purchasing Strategy 143

ivalua

JULY 8, 2020

Supplier Data Quality & Management in Decision Making. These challenges in the direct material supply chain pose a real threat, especially in a time of crisis. It may be the most basic level, but data management may also be the most daunting for some organizations. Meet Corporate Social Responsibility (CSR) expectations.

Agile and Lean Supply Chain 26

Agile and Lean Supply Chain Supply chain resilience Supply Chain Efficiency Supply chain 26

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.

Spend management 100

Spend management Management Real-time Visibility Collaboration 100

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.

Buyers 52

Buyers supply chain budgeting Supply Chain Efficiency Procurement 52

Procurement Tactics

JUNE 26, 2023

Social Media Trends Instagram, TikTok, Facebook, and Pinterest are the best channels that offer real-time trending products to sell. These tips will likely change over time so constant research and informed decisions will play a big part. He has helped me immensely every time I spoke with him. Here are the top 3 tips: 1.

Price 195

Price Suppliers Negotiation Real-time Visibility 195

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.

Real-time Visibility 130

Real-time Visibility Agile and Lean Supply Chain Supply Chain Efficiency Procurement 130

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. It enables procurement teams to leverage economies of scale and improve the quality of products and services purchased. Internal buyers consider existing processes to be too tedious and/or confusing.

Supply Chain Efficiency 105

Supply Chain Efficiency Procurement Purchase orders Real-time Visibility 105

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.

Order Fulfillment 94

Order Fulfillment Supply Chain Efficiency e2e Real-time Visibility 94

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.

Supply Chain Efficiency 40

Supply Chain Efficiency Procurement Real-time Visibility supply chain software solutions 40

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.

Buyers 106

Buyers Real-time Visibility Sustainability Data 106

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.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing supply chain software solutions 52

ivalua

MARCH 9, 2023

The contracts govern the relationship between the buyer and supplier, an essential process to inform Procure-to-Pay. By gaining visibility into spending patterns, demand, supplier performance, and supply markets–opportunities will be uncovered.

Sourcing 130

Sourcing Real-time Visibility e2e supply chain software solutions 130

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. Few knew until impacted.

Risk management 130

Risk management Supply Chain Efficiency Supply Chain Optimization Risk 130

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. Ensures products and services quality assurance.

Supply chain management 95

Supply chain management Supply chain management Supply Chain Efficiency supply chain budgeting 95

Supply Chain Game Changer

NOVEMBER 17, 2022

But, in the current international atmosphere of supply chain troubles and widespread shipping congestion, the topic is a timely one. Consider the following real-life applications of how modern businesses employ advanced analytical solutions to navigate the daily challenges of supply chain logistics. Visual Analytics. Perishables.

Supply Chain Optimization 92

Supply Chain Optimization Supply Chain Efficiency Supply chain Route optimization 92

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. Delivery performance and product quality also improved dramatically.)” Businesses must take an outside-in network view and together serve the end consumer.” ” 30

Real-time Visibility 81

Real-time Visibility supply chain software solutions Supply Chain Efficiency e2e 81

Spend Matters

JUNE 19, 2023

what/who is driving the spending by how much), trending/time-phased analysis and drill downs through master data taxonomies, e.g., category and supplier taxonomies. The top vendors extend the analytics schema to also support predictive data analysis, AI/ML models or real-time visibility across many systems.

Real-time Visibility 98

Real-time Visibility Data e2e Quality 98

Spend Matters

JUNE 19, 2023

API integrations or multiple punch-outs), limitless level of data detail for catalogs to incorporate guidance — including advanced data quality, mapping and validations — and multiple purchasing models, such as shopping lists, bundles or kits. Top performing vendors have more options to create catalogs (e.g.,

Procurement solutions 98

Procurement solutions Procurement supply chain budgeting Real-time Visibility 98

ivalua

FEBRUARY 24, 2021

Out-of-the-box integration to Tealbook now enables customers to discover new suppliers with a single click and access a high-quality source of supplier information. Collaborative Authoring: Collaboration internally and with suppliers within a contract helps improve efficiency and visibility throughout the process.

Supply chain resilience 100

Supply chain resilience Supply Chain Efficiency Supply Chain Optimization Innovation 100

Supply Chain Game Changer

NOVEMBER 7, 2022

If this obstacle often happens within your organization, you might generate higher costs and develop lower-quality products that might affect your customers’ expectations. As a result, you can ensure that your production team can mass-produce high-quality items that would delight your buyers. Minimizes Downtime.

supply chain budgeting 86

supply chain budgeting Supply Chain Efficiency Supply Chain Optimization Supply chain 86

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.

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization Real-time Visibility 98

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 Efficiency 60

Supply Chain Efficiency supply chain software solutions Supply Chain Optimization Real-time Visibility 60

Supply Chain Game Changer

SEPTEMBER 28, 2022

Make Your Website Visible and Trustworthy! Thus a website is your strategic source of revenue and brand visibility , which are important considerations before redesigning your website. Still, as time passes, you might notice that your website enjoys fewer visits. Why Think about Redesign? How to Make Redesign Successful.

Real-time Visibility 85

Real-time Visibility Supply Chain Optimization Supply Chain Efficiency supply chain software solutions 85

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. This approach ensures that suppliers remain financially viable and motivated to maintain high standards of quality and service.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency supply chain budgeting 52

The Thomas Blog

JUNE 22, 2022

To start, industrial businesses will need an effective online marketing and sales strategy to help them achieve their business goals — because the B2B buyer behavior has changed. Buyers want to know as much about you as they can to help answer these questions: Are you reliable? Be Where Buyers Search For New Suppliers.

Buyers 64

Buyers Real-time Visibility supply chain budgeting Supply Chain Efficiency 64

Jaggaer

OCTOBER 24, 2024

Your goal might be to transition from purely traditional buyer-supplier business arrangements, fine-tune strong supplier relationships that yield average results, or something in between. For the 32 percent who spend over 25 hours a week, the time consumed cost more than $260,000 annually. Is it possible to lighten this load?

Collaboration 52

Collaboration Supply Chain Efficiency Suppliers Agile and Lean Supply Chain 52

The Thomas Blog

JANUARY 5, 2024

Spend the time to research and identify online directories that encompass your specific industry, niche, or target sector/demographic. Use highly targeted keywords in your directory listings so you’ll be more visible to searches. SEO can also bring in high-quality leads. Visibility drives traffic and opportunities.

Strategy 52

Strategy Real-time Visibility Buyers Quality 52

IBM Supply Chain Blog

AUGUST 2, 2023

They don’t want to fill out a form to request a quote, send an email to get pricing information, or wait to get simple answers; they want real-time answers and action. Customers who flooded Camping World’s call center were often met with long wait times or were dropped accidentally.

e2e 70

e2e Real-time Visibility Strategy Price 70

Supply Chain Game Changer

MAY 12, 2021

You put time, energy, focus, and emotion into a negotiation, so naturally, you want to come out feeling as if you’ve done a good job, get a good price, or ‘won’. Dell’s attempts to lower costs, including bidding out the work three times during the eight-year relationship, ate into FedEx’s profits.

Negotiation 69

Negotiation Buyers Bidding Collaboration 69

The Thomas Blog

MAY 16, 2024

It's an engaging and dynamic approach to increase a business's visibility and influence in its intended market. Event applications provide real-time analytics and tracking of attendee activity to organizers, enabling them to enhance lead generation and customize the event experience.

Real-time Visibility 52

Real-time Visibility Buyers Strategy Quality 52

Procurement Insights

AUGUST 30, 2023

They say that, like truth, good ideas stand the test of time. In this test case, the public sector organization realized a year-over-year 23% cost of goods savings for seven consecutive years while simultaneously reducing the number of buyers required to manage the contract to 3 from an original 23.

Real-time Visibility 52

Real-time Visibility Procurement supply chain software solutions Buyers 52

The Thomas Blog

MAY 31, 2024

On the other hand, lead nurturing involves developing buyer relationships at every stage of the sales funnel and the buyer's journey. Prospects express interest by sharing contact information, which marks the beginning of a relationship that businesses aim to deepen over time. It's the first step in building a sales pipeline.

Buyers 52

Buyers Strategy Real-time Visibility Quality 52

Claritum

FEBRUARY 4, 2020

Image of the 5 Steps to best practice Visibility, Control, Efficiencies, Savings and Creating value. Visibility. visibilityStep 1 is to get good spend visibility and understand what you are buying and how much you are spending across all your spend categories. Without visibility of spend you cannot progress.

Real-time Visibility 41

Real-time Visibility Procurement Supply Chain Efficiency Spend management 41

Arkestro

DECEMBER 12, 2022

Supply Chain Visibility. Supply chain visibility is another critical issue. Visibility provides regulatory and consumer assurance in the face of issues like counterfeiting. To combat these issues, health and pharma need supply chain visibility—all the way down the supply chain. Ensuring quality. Managing risk.

Real-time Visibility 52

Real-time Visibility Procurement e2e Raw materials 52