SCMDOJO

AUGUST 16, 2023

Among these strategies, the role of supply chain capability stands out as a key factor in driving success. A well-optimized supply chain not only ensures efficient delivery and cost-effectiveness but also provides companies with a competitive advantage in the market.

Supply Chain Efficiency 98

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization Supply chain 98

Procurement Tactics

JANUARY 8, 2023

It can also help drive sustainability initiatives in your supply chain and procurement process. . The Closed Loop Spend Management. Innovation – These are new ways for businesses to become agile and resilient through digital accelerators, automation, variable cost structures, and talent acquisition for the future. .

Sustainability 207

Sustainability Procurement Agile and Lean Supply Chain Supply Chain Optimization 207

Procurement Software

JANUARY 26, 2025

Increasing inflationary cost pressures, more supply chain disruptions, and the imperative for more transparency to satisfy Corporate Social Resposibilty (CSR) directives, or recent legislation in countries like Germany and Norway. Category Managers will be freed up to spend more time on execution rather than data gathering.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Agile and Lean Supply Chain Category management 52

ivalua

AUGUST 17, 2022

O-I Glass has chosen Ivalua after assessing technology and process gaps related to strategic sourcing, supplier relationship management, category management, vendor quality, sustainability, and compliance.

Sourcing 130

Sourcing Buying process Supplier relationship management Supply Chain Optimization 130

Spend Matters

FEBRUARY 13, 2025

That placed new commitments on the company in addition to all of the other challenges everyone was facing at the time such as a focus on growth, innovation and operational excellence. In addition, the broader supply chain organization was working to implement other new tools and processes.

Influencing 103

Influencing Procurement supply chain budgeting Strategic sourcing 103

Jaggaer

OCTOBER 24, 2024

The primary goals of SRM are to foster hand-in-glove supplier relationships, manage risk, and optimize the value chain. Supplier Collaboration for Agility Your world is characterized by dynamic market conditions, shifting customer demands, new technologies, rapidly changing regulations, and frequent supply chain disruptions.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

Empowering CPO

JUNE 30, 2023

Introduction In the dynamic world of business, the ability to effectively manage and optimize supply chains has emerged as a critical success factor. At the heart of this revolution lies a powerful tool that many companies are now leveraging to achieve competitive advantage: Managed Procurement Services.

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 52

SCMDOJO

APRIL 20, 2023

Our procurement manager job description template is designed to provide you with a comprehensive guide to the key responsibilities and requirements of this pivotal role.

Management 116

Management Procurement Contract management Supply Chain Optimization 116

Jaggaer

FEBRUARY 5, 2025

JAGGAER characterizes the steps in this process as Spend Management, Category Management, Sourcing , and Contracts. Secondly come eProcurement, Supply Chain Collaboration, Invoicing, and Payments. Digitalization also fosters greater agility in supplier management.

Supply Chain Efficiency 52

Supply Chain Efficiency Sourcing e2e Real-time Visibility 52

Arkestro

JANUARY 4, 2023

Among them were supply chain disruptions , inflation, and supply scarcity and shortages. But if there’s one advantage, it’s that crisis creates change and the potential for innovation. The talent shortage in procurement and supply chain is nothing new: it’s been going on for several years now.

Supply Chain Optimization 104

Supply Chain Optimization Procurement team Agile and Lean Supply Chain Supply Chain Efficiency 104

Supply Chain Game Changer

OCTOBER 28, 2021

Subscribe to Supply Chain Game Changer. Procurement is a function that is undergoing an exciting transformation in the majority of global value chains; simultaneously, within its own strategy, process, and technology. Subscribe Here! Email Address. Featuring Our 12 Best Procurement Articles! It’s time to air our dirty laundry.

supply chain budgeting 89

supply chain budgeting Procurement Supply Chain Efficiency e2e 89

The Good Spending

JANUARY 4, 2023

Its two dimensions suggest the flat Earth approach with insufficient room to cater to the complexities of modern category management and strategic sourcing situations. Category strategy will elaborate on logistical and supply management aspects, i.e., inventory planning and supply chain configuration.

Strategic sourcing 97

Strategic sourcing Strategic sourcing Agile and Lean Supply Chain Category management 97

SCMDOJO

JUNE 6, 2024

Watch Procurement Jobs in Future I The Supply Chain Show video on SCMDOJO YouTube Channel! Ethical and Sustainable Procurement: The curriculum emphasizes the importance of responsible sourcing practices, aligning with the growing demand for ethical and sustainable supply chains. Enroll Now!

Procurement 105

Procurement Supply Chain Optimization Supply Chain Efficiency Ethics 105

Spend Matters

DECEMBER 21, 2023

AI can help create greater efficiency and value across all source-to-pay processes, including spend analysis, opportunity identification, sourcing and contract management, category management, supply relationship management and risk management.

Procurement solutions 110

Procurement solutions Procurement e2e Real-time Visibility 110

Positive Purchasing

NOVEMBER 9, 2023

A Wider Horizon You will be familiar with the idea of optimizing what you buy. Now, with the need to move beyond price and security of supply to sustainable and ethical sourcing, procurement must become a more strategic and proactive function. However, eventually achieving true enterprise-wide change will require so much more.

Sustainability 111

Sustainability supply chain budgeting Category management Influencing 111

Empowering CPO

JUNE 14, 2023

But before we venture into the depths of innovation in this field, let’s first establish what procurement really is. It’s a strategic function that involves understanding market trends, analyzing suppliers, negotiating contracts, and managing relationships, among other tasks. Introduction A. Understanding Procurement A.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

SCMDOJO

NOVEMBER 2, 2023

Effective supply chain management is essential for success in the dynamism and connectivity of modern companies. To accomplish this, you require the skills of supply chain experts who can manage the complexity and difficulties of today’s global supply chains. With a Ph.D.

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 59

Una

JULY 6, 2022

Una does this by offering assistance on everything from supply chain management, data and analysis, education, and more. Supply Chain Management. A lot of resources can be eaten up by trying to manage the purchasing and negotiation processes with suppliers. Category Management.

Purchasing 92

Purchasing Category management Real-time Visibility Supply Chain Efficiency 92

Supply Chain Game Changer

AUGUST 30, 2022

Subscribe to Supply Chain Game Changer. The Single Point of Failure in Supply Chain – Semiconductor Fabrication! In fact these models are not just used casually, but they often are designed to inform and make optimal sourcing choices. The baby formula Supply Chain failed. And what happened?

Cost of ownership 103

Cost of ownership Supply Chain Optimization Procurement Price 103

Una

MARCH 14, 2023

Several key characteristics make the procurement intrapreneur a driving force for influencing positive change and innovation within an organization. An intrapreneur is someone who works within an organization to drive innovation and positive change from within. What is a procurement intrapreneur?

Procurement 97

Procurement Purchasing Innovation Risk 97

Spend Matters

DECEMBER 5, 2023

” Still, the newness and indisputable breakthrough that GenAI represents compelled Spend Matters analysts to both write a short piece on how contract lifecycle management (CLM) uses GenAI and to give the technology special attention in the Autogmentation series.

Contract 111

Contract Supply Chain Optimization Data Procurement 111

Supply Chain Game Changer

NOVEMBER 13, 2018

The process of strategic sourcing starts with spends analysis and category management, which identifies, consolidates and standardises information from a wide range of data sources. Category management has been the only credible procurement strategy since the late 1990s, and that may be about to change.

Strategic sourcing 73

Strategic sourcing Strategic sourcing Procurement supply chain budgeting 73

Spend Matters

JANUARY 23, 2024

Recent GenAI innovations, however, have taken this a step further, opening the door to new or enhanced possibilities. We see this with the incorporation of a LLM into SAP Ariba Category Management and the increasing role of Joule across our portfolio.” A second, more directed impact is predictive analytics.

Category management 95

Category management Data supply chain software solutions Procurement 95

Una

JULY 25, 2023

The Difference Between Strategic Sourcing & Category Management They say there are no stupid questions, but sometimes a new team member prefers to quietly Google a question like this rather than ask it in a meeting. Procurement and Supply Chain: What’s the Difference? Looking for more information?

Strategic sourcing 52

Strategic sourcing Strategic sourcing Procurement Category management 52

Jaggaer

DECEMBER 13, 2024

The Essential Guide to Source to Pay, Source to Contract, and Procure to Pay Whether youre new to the world of procurement and supply chain management, or a seasoned veteran; whether you work in a major manufacturing industry, a university, or a medium-sized clinical research organization, you may find procurement jargon rather confusing.

Sourcing 52

Sourcing Contract Procurement Chief Procurement Officer 52

Positive Purchasing

SEPTEMBER 5, 2023

Jonathan: We set the business up because we were convinced the World needed and was ready to embrace sustainability in both immediate suppliers and right down their extended supply chain – and a heap of conversations with prospective clients confirmed that this was indeed the case. How do we manage risk?

supply chain budgeting 69

supply chain budgeting Category management Negotiation Sustainability 69

SCMDOJO

APRIL 3, 2022

Throughout a genuine and collaborative cooperation with business vendors, they produce innovative approaches to current procurement difficulties. Suppliers may stretch and optimize offerings and bids based on factual and real market knowledge and information via eAuctions, which enable real-time monitoring and evaluation. Please wait.

Supply Chain Efficiency 141

Supply Chain Efficiency Bidding Procurement team supply chain software solutions 141

Supply Chain Game Changer

AUGUST 6, 2019

Subscribe to Supply Chain Game Changer. Commodity Management. Category Management. This includes strategy development, communication, organizational alignment, change leadership, relationship building, cash flow and expense management, innovation, unique capabilities development, and value creation.

Management 48

Management Procurement Category management Chief Procurement Officer 48

NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

The Future of Procurement Technology Supplier Relationship Management (SRM) Enhancement: Justification : Strengthening supplier relationships through SRM initiatives fosters collaboration, innovation, and mutual growth. This results in better negotiation outcomes, improved quality, reduced costs, and enhanced overall value delivery.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

Supply Chain Opz

JANUARY 22, 2016

You could gain preferential access to scarce resources, suppliers would bring their latest innovations to you first and you could secure preferential pricing. The test - if you believe you have great supply relationships, list the confidential innovations your suppliers are working on right now.

Procurement 58

Procurement Management Innovation Negotiation 58

Skill Dynamics

OCTOBER 19, 2023

This procurement approach looks at the delivery of value beyond instant cost savings, such as timely delivery, compliance, and innovation. One extremely successful example is the retail giant, Amazon, whose negotiation tactics have played a significant role in its supply chain operations.

Negotiation 52

Negotiation Procurement Procurement strategies Buyers 52

Empowering CPO

JULY 2, 2023

If you’re new to the term, Managed Procurement Services refers to the outsourcing of a company’s procurement functions to a specialized firm. This approach allows businesses to leverage the expertise of procurement specialists to streamline operations, optimize supplier relationships, and most importantly, reduce costs.

Management 40

Management Supplier relationship management Procurement Strategic sourcing 40

Procurement Software

APRIL 23, 2024

Mithra-AI’s innovative approach was recognised in 2023 when Spend Matters included them in their Future 5 list, highlighting the startup as one of the top five global innovative procurement startups. Ignite’s tools help organisations gain a holistic view of their suppliers, manage risks, and achieve sustainability goals.

supply chain software solutions 52

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

CPO Rising

APRIL 17, 2024

If you are a sourcing, procurement, or spend management solution provider and you are continually innovating the way that procurement and supply chain leaders and practitioners drive value, we’d love to hear from you. […]

Procurement 40

Procurement Spend management Supply Chain Optimization Innovation 40

World of Procurement blog

MAY 10, 2024

Natural language processing can analyze invoice line item descriptions and automatically determine the appropriate category. This enables more strategic category management, highlighting categories with excessive spend or frequent maverick buying. Managing contract compliance is another area where AI excels.

Procurement team 52

Procurement team Procurement Real-time Visibility Supply Chain Efficiency 52

Una

APRIL 9, 2024

looking for innovative ways to reduce costs for your business. Group purchasing works best when optimizing indirect procurement categories as these are often left unmanaged and not part of a company’s more strategic, direct spend amounts. Bettering your bottom line As a procurement leader , I’m sure you’re often (always?)

Purchasing 52

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

Empowering CPO

FEBRUARY 14, 2024

EmpoweringCPO, a distinguished procurement service and consulting company, stands out as a guiding force for organizations looking to optimize their procurement processes. Our seasoned experts bring a wealth of experience and an innovative, results-driven approach to the table.

Procurement 40

Procurement Procurement strategies Supply Chain Efficiency Supply Chain Optimization 40