Remove Change management Remove Supply Chain Optimization Remove Supply chain resilience
article thumbnail

Procurement transformation 2025: Why invest in procuretech and how to make the case – Kodiak Hub

Spend Matters

Operational: The time saved and operational excellence improved by automation of tasks, improved data analytics and process optimization (> OPEX reduction/optimization) is greater than 20%-50% of total FTE. Customer requirements on more sustainable products/services, and/or requests for supply chain transparency/due diligence.

article thumbnail

ERP vs. Best-in-Class — What is Best for Managing the Healthcare Supply Chain

ivalua

ERP vs. Best-in-Class for Healthcare Supply Chain Management? Are ERP systems better than best-in-class supply chain solutions for managing healthcare supply chains? That’s the question we set out to answer in our recent panel discussion with Procurement and Supply Chain experts.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

5 Ways Predictive Procurement Is Transforming High-Tech Manufacturing

Arkestro

It leverages advanced technologies to optimize and automate procurement cycles and predict more favorable outcomes. Arkestro allows them to quickly adapt to changing market conditions and component availability and focus on quality and innovation within their complex manufacturing processes.

article thumbnail

The Complete Guide to Source-to-Pay (S2P) and Strategic Sourcing

Jaggaer

Complete Source to Pay cycle and Strategic Sourcing Guide An optimized Source-to-Pay (S2P) process helps businesses enhance procurement efficiency, reduce costs, and improve supplier collaboration. Key elements include total cost of ownership (TCO) analysis, supplier relationship management, and category management.

article thumbnail

The Supply Chain Management Playbook: Your Game Plan for Operational Success

World of Procurement blog

What is Supply Chain Management (SCM) Supply Chain Management (SCM) is the management of the flow of goods, services, information and finances as they move from raw materials to final product, from manufacturer to consumer. Optimized supply chains lead to improved profit margins.

article thumbnail

Procurement 101: Your Essential Guide to Strategic Sourcing

World of Procurement blog

Value-add : Procurement aims to add value by optimizing processes, consolidating spend, and building supplier relationships. How can procurement help achieve those aims through better supplier relationships and spending optimization? Supplier Management Supplier management is a critical component of the procurement process.

article thumbnail

How to Build an Effective Procurement Strategy for 2024

TYA Suite

Utilizes data analytics and market intelligence to optimize category performance and mitigate risks. Incorporates digital procurement strategies to track and report sustainability metrics across the supply chain. Effective execution demands robust project management, stakeholder engagement, and change management practices.