This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Learn how Körber leveraged Ivalua’s software tools to automate and streamline tactical activities while keeping strategy front and center. The global supplychain is undergoing an incredible transformation that will change the way we do business. 5 BU’s: Digital, Pharma, SupplyChain, Tissue, and Tobacco.
As an international technology group with about 10,000 employees, Körber offers products, solutions and services that inspire. The close cooperation between supplychain management and internal stakeholders as well as external partners made a major contribution to this.
Secondly come eProcurement, SupplyChain Collaboration, Invoicing, and Payments. These four steps constitute the downstream procure-to-pay part of the process. Optimizing source-to-paythrough digital transformation streamlines every stage of your procurement strategy, improving visibility, efficiency, and collaboration.
Procurement Priorities for 2025 and Beyond The manufacturing industry is evolving rapidly, leaving ChiefProcurementOfficers (CPOs) grappling with challenges that could make or break their organizations. This can free up procurement professionals to focus on higher-value activities.
And if your organization is big enough to need a ChiefProcurementOfficer , that person is directly or indirectly responsible for every stage of that journey. Rather than treat procurement as a series of disparate tasks, global organizations in all sectors implement efficiency across the source-to-pay journey.
The bank’s ChiefProcurementOfficer may want to change vendor. But if (as is likely) the vendor is also a customer, for example one that recently received finance for a new warehouse, the Chief Operating Officer and customer relationship managers may have other ideas. He is likely to come under pressure to do so.
Subscribe to SupplyChain Game Changer. Featuring Our 12 Best Procurement Articles! 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. Dirty Little Secret #1.
Research-backed procurement strategies can help CFOs achieve their goals while minimizing risk exposure across global supplychains. This blog will cover the current challenges facing CFOs and procurement teams and several strategies that can be implemented to drive cost savings and increase efficiency.
ESG In SupplyChain: Creating a Sustainable Value Chain. Ethical Sustainability & Responsibility Procurement. ESG In SupplyChain: Creating a Sustainable Value Chain We all know just how valuable the supplychain is. Download Free Copy. Written by. Rob Biedron. 17 min read.
Maximizing Cost Savings Through Strategic Supplier Collaboration With the growing emphasis on long-term value creation, ChiefProcurementOfficers are increasingly turning to supplier collaboration as a cornerstone of cost reduction.
Subscribe to SupplyChain Game Changer. At SupplyChain Game Changer we believe in sharing experiences and expertise from people in every industry and from across the globe. As such we have introduced our “ Seasoned Leadership in Action ™” Interview series at SupplyChain Game Changer.
Riyadh, Saudi Arabia, 11 June, 2024: JAGGAER, the global leader in strategic sourcing and procurement, has held a series of roundtables in Saudi Arabia and the UAE to address the top priorities for ChiefProcurementOfficers (CPOs).
However, our survey showed that procurement leaders had some doubts about where to go next with AI because, in reality, the use of AI and RPA in procurement is still in its infancy. Even chatbots and guided buying are not transformational – they do have efficiency benefits but do not fundamentally change the way you procure.
In the latest years, the need for digital procurement tools has arisen as businesses have entered a more rapid digital transformation process. The experience of COVID-19 also showed that poorly managed vendor master data contributed to some of the delivery delays and supplychain disruption. Typically, this is the CFO.
The Essential Guide to Source to Pay, Source to Contract, and Procure to Pay Whether youre new to the world of procurement and supplychain 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.
We have the potential to enhance operational efficiency and drive wider business objectives. This article will first of all guide you through the essentials of procurement cost savings. Ensure you account for both direct savings, such as reduced purchase costs , and indirect savings like efficiency improvements or decreased waste.
This might seem like a simple and obvious way to improve your procurement operations, but maintaining a positive supplier-buyer relationship is a vital component in ensuring good delivery, service, and quality. Building and maintaining supplier relationships can streamline processes and improve your overall efficiency.
Before we dive in, let’s first set the stage by discussing EmpoweringCPO, a leader in the field of managed procurement services. Our goal is to empower ChiefProcurementOfficers (CPOs) and their teams by providing a suite of comprehensive managed procurement services.
Wolfgang thinks it’ll need a structural mandate to empower procurement. It’s frustrating that procurement always gets so little time and money spent on it, so late in the process. . I say that it’s easy to convince CEOs with BCG stood behind him, but what tips would he have for chiefprocurementofficers looking to do the same?
We covered a lot of ground in this 25-minute podcast and this podcast is going to be exceptionally beneficial to you if you are currently looking at your supplychain and wondering how can we improve visibility, how can we reach our sustainability goals using our supplychains and how do we know what is in this product?
Operations and accounting are three disparate parts of organizations that are simply not equipped to efficiently share information and work together so that individual expenses are optimally managed. In an ideal world, the ChiefProcurementOfficer should report directly to the CEO.
Whether you are focused on controlled growth or cost efficiencies, the ability to measure what is occurring in real time is essential to making decisions. The supplychain may contain components of raw materials, manufacturers, wholesalers, distributors, resellers, agents, logistics, retailers and many other entities.
After his experience working as the ChiefProcurementOfficer for the Commonwealth of Pennsylvania , David asked himself: “Why can’t we do this for public procurement? Why can’t we create a tool that connects everyone in public procurement in the U.S., The tools are easy, simple and intuitive.
How about we stop covering companies that fail to give us transparent and unfettered access to their client base? Like 1Reply Vera Rozanova MBA, MCIPS Chartered, MEng (Hons)CPO-ChiefProcurementOfficer | Procurement Director | SupplyChain | Invited Lecturer | Author | Business Trainer | Transformation 2h Jon W.
Subscribe to SupplyChain Game Changer. As we see from Deloitte’s CPO Survey in 2018, AI is only fully deployed in 2% of procurement organizations and is far from making any real impact at scale within the digital ecosystems procurement teams are so eagerly trying to build. AI + Data = SupplyChain Risk Management.
In the Amazon Business report on procurement data, 98% of respondents report having plans for investments in analytics and insights tools, automation, and AI for their procurement operations in the next few years. According to Pipefy data, almost 50% of business leaders report existing tech stacks of 101-500 components.
” The concept of “strand commonality” in procurement is not widely recognized as a standard term in mainstream procurement literature, but based on available discussions, it appears to have been first articulated by Jon W. bolts and nuts) that share procurement patterns, bundling them for efficiency.
We organize all of the trending information in your field so you don't have to. Join 69,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content