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Contract management Supply Chain Efficiency Supply Chain Optimization 
ivalua
FEBRUARY 25, 2021
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.
Procurement Tactics
AUGUST 23, 2022
Contract Management Process — Everything You Should Know. The contract management process is an essential part of the organization to handle contracts with its third parties. For this article, we will talk about what the contract management process is. What is Contract Management?
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ivalua
MARCH 16, 2020
Optimization of the entire source-to-pay process for nearly all Körber locations worldwide. The close cooperation between supply chain management and internal stakeholders as well as external partners made a major contribution to this. The goal was to increase efficiency across the Group’s Business Areas.
Procurement Templates
APRIL 10, 2022
These meetings should be part of the contract management process, and while it may seem obvious what to do, it’s important to consider what you’re trying to achieve with these reviews. any initial supply chain. any initial supply chain. l they can raise issues they face, whatever they may be.
130 
SCMDOJO
APRIL 29, 2024
Are you interested in understanding how businesses effectively manage their supply chains? Look no further – this guide is here to help you grasp the fundamentals of supply chain management (SCM) and how it can lead to success.
SCMDOJO
SEPTEMBER 24, 2024
Make vs Buy Analysis is an essential decision-making tool in supply chain management that significantly influences profitability, flexibility, and competitiveness. Importance of Make vs Buy in Supply Chain The Make vs Buy Analysis is critical for optimizing supply chain operations.
SCMDOJO
JULY 18, 2023
Contract management plays a crucial role in the procurement process, as it helps ensure compliance, mitigate risks, and optimize supplier relationships. By effectively managing contracts, organizations can maximize the value of their procurement activities and minimize potential issues.
ivalua
FEBRUARY 10, 2023
S2P and Mitigating Effects of Inflation One way of mitigating these effects is through S2P solutions – providing visibility into a company’s spend data across all categories of spend and help identify opportunities for cost savings through better supplier management techniques.
264 
Procurement Templates
MARCH 7, 2024
Key components typically found in a procurement playbook include: Procurement policies and procedures: Clearly defined rules and regulations governing procurement processes, such as vendor selection criteria, bidding procedures, and contract management protocols. I curate best book marks so you don’t need to hunt around!
ivalua
FEBRUARY 24, 2021
The release includes a broad set of innovations to help organizations better manage their spend and suppliers. The release also adds or deepens integrations with Ivalua’s growing partner ecosystem to improve decision-making and optimize the purchasing experience for users. About Ivalua. Learn more at www.ivalua.com. Media Contact.
Procurement Tactics
JUNE 28, 2023
In this article, we are going to explore what procurement tracking is, its importance in business and the tools to be used when conducting it for its efficient execution. Procurement Tracking is the process of monitoring and managing procurement activities. Procurement Tracking: Why is it Important? The key elements are typically: 1.
Procurement Tactics
MARCH 16, 2023
When strategic procurement is done correctly, it can help an organization to optimize its profit margin, reduce risks, and streamline the process of purchasing goods and services needed to achieve business goals. Supplier Management Supplier management involves the handling of relationships between suppliers and the company.
238 
SCMDOJO
AUGUST 21, 2023
Try this as a tongue twister: “Tripping through tantalizing TikTokers, tenfold to transform your tangled supply chain!” In our digital age, where viral trends dominate, TikTok’s influence now extends to supply chain management. Discover the Top 10 TikTokers reshaping how you view supply chains.
SCMDOJO
NOVEMBER 17, 2023
In this blog, explore vital tips paving the way for a prosperous career in supply chain management. Whether you’re a recent graduate or contemplating a career change, uncover key insights for establishing the groundwork of a thriving career in the dynamic world of supply chain. Lucky for you.
Procurement Templates
NOVEMBER 21, 2024
Mastering these skills not only optimizes procurement processes but also positions managers as strategic business partners. Audit Supply Chains: Identify and address environmental and social risks in the supply chain. SAP, Oracle) Procurement software (e.g., Coupa, Ariba) Data analytics tools (e.g.,
IBM Supply Chain Blog
FEBRUARY 13, 2024
In this age of supply chain disruptions that hold the power to upend entire industries, strength and resilience across the entire value chain is no longer a nice-to-have—it’s a survival tactic. They also factor in how a strong partnership could reduce supply chain risk and advance sustainability.
Procurement Tactics
OCTOBER 18, 2022
Additionally, it allows managers to build better relationships with suppliers based on the importance of each supplier. . SRM is usually used by many supply chain professionals who constantly deal with suppliers in areas such as procurement, project management, and operations. .
SCMDOJO
JUNE 28, 2024
In recent years, there has been a significant shift in the supply chain industry as more and more women are choosing careers in this traditionally male-dominated field. This rise of women in the supply chain is not only breaking gender barriers but also bringing a fresh perspective and new ideas to the table.
ivalua
APRIL 25, 2023
Thanks to seamless integrations and a solution tailored to its requirements, Aker BP will benefit from higher levels of automation resulting in more streamlined processes and better efficiency. We look forward to accelerating our procurement digitalization journey with Ivalua”. “The
130 
Procurement Tactics
JUNE 7, 2023
Supplier collaboration goes beyond traditional buyer-supplier relationships by promoting cooperation, transparency, and innovation throughout the supply chain. Shared value creation Supplier collaboration fosters shared value creation through enhanced innovation, improved operational efficiency, and supply chain resilience.
SCMDOJO
DECEMBER 29, 2024
SCMDOJO Academy elevates your procurement and supply chain skills through its extensive course library. Mastering Procurement – Essentials Skills and Competencies Mastering Procurement by Maryna Trepova is the ultimate Procurement and Purchase Management course for Engineers, Entrepreneurs, Managers, and Students.
Procurement Tactics
JULY 2, 2023
A formal contract document that contains the detailed requirement for purchasing and obtaining goods and services, a job order is utilized with a view to ensuring that the desired goods or services are acquired in an orderly and efficient way. To continue to optimize procurement processes, implement these lessons in future job orders.
World of Procurement blog
APRIL 23, 2024
Welcome to the fascinating world of supply chain management (SCM)! What Is a Supply Chain? At its most basic, a supply chain is a system consisting of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer. What Is a Supplier?
World of Procurement blog
APRIL 23, 2024
Welcome to the fascinating world of supply chain management (SCM)! What Is a Supply Chain? At its most basic, a supply chain is a system consisting of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer. What Is a Supplier?
ivalua
SEPTEMBER 20, 2021
Rapid Optimization of Contract Management, Supplier Management and Direct Materials Sourcing. Asian Paints conceptualized a technology solution using Ivalua’s Supplier Information Management , Sourcing and Contract Management solutions to streamline the end-to-end contract management and sourcing processes. .
130 
Procurement Templates
JUNE 18, 2023
Strategic sourcing: Adopting strategic sourcing practices enables procurement to analyze the entire supply chain and identify cost drivers. By understanding the components and processes that contribute to the final product’s cost, procurement can explore opportunities to optimize and reduce expenses.
130 
IBM Supply Chain Blog
FEBRUARY 28, 2024
Successful strategic sourcing often results in process optimization, cost management, customer satisfaction, risk management , increased sustainability and other benefits. Sourcing teams are automating processes like data analysis as well as supplier relationship management and transaction management.
94 
ivalua
JUNE 10, 2020
The Covid-19 pandemic has exposed the fact that many supply chains remain inadequately prepared for a crisis. Supply chain management and procurement sit poised on the frontlines of managing global supply risks for their brands. Gaining a Full Picture of Supply Chain Threats.
147 
Procurement Templates
MARCH 3, 2024
This assessment aims to identify what the organization needs to procure to fulfill its objectives effectively and efficiently. Risks may include budget constraints, supply chain disruptions, quality issues, legal compliance, etc. Develop strategies to mitigate these risks and build resilience within the supply chain.
Supply Chain Game Changer
MARCH 9, 2022
Subscribe to Supply Chain Game Changer. Procurement operations are the backbone of every company’s supply chain. Fundamental to procurement is the acquisition of goods and services from a party that’s further up the supply chain. appeared first on Supply Chain Game Changer™.
108 
ivalua
FEBRUARY 27, 2023
Manufacturers can off-set the effects of inflation and avoid passing on price increases to their goods and services by maximizing the efficiency and effectiveness of the procurement function. In addition, our Contract Management module helps Manufacturers to easily track milestones and consumption in real time across multiple agreements.
Arkestro
JULY 30, 2024
Resources / Blog / Cars on Demand: Production to Order is Changing the Automotive Industry’s Supply Chain Cars on Demand: Production to Order is Changing the Automotive Industry’s Supply Chain The automotive industry has always been at the forefront of implementing innovative production methods to meet consumer demands efficiently.
SCMDOJO
DECEMBER 11, 2023
In the realm of efficient procurement management, understanding the various types of procurement reports becomes paramount. This blog aims to empower procurement professionals by shedding light on how each report contributes to enhanced transparency, accountability, and efficiency within the procurement function.
Spend Matters
FEBRUARY 22, 2024
With the advent of AI, and especially generative AI within that broader term, and the continued globalization of supply chains, the pace of change has sped up, forcing businesses and workers to adjust quickly. That alone increases efficiency,” he continued. It’s no longer good enough to focus on just one area.
SCMDOJO
DECEMBER 14, 2023
This crucial step forms the foundation for a tailored and efficient sourcing process. Sourcing agencies take charge of the entire shipment process, selecting the most efficient and cost-effective shipping methods. From selecting shipping methods to managing customs clearance, the process can be complex.
90 
Skill Dynamics
JANUARY 16, 2025
Increase Efficiency Process audit reports help identify inefficiencies and bottlenecks in procurement processes by analyzing current processes and finding better opportunities to streamline workflows and optimize resource allocation. As a result, teams achieve greater productivity and efficiency.
ivalua
MAY 17, 2023
This year, our discussions covered Invoice Automation, Scope 3 Emissions, Contract Management, Supply Chain Collaboration, Indirect/Services Procurement, and Supplier Management–Customer of Choice. Thank you to our guest speakers, Solution Consultants, and the Product Marketing team!
ivalua
MARCH 9, 2023
Similar to how CRM manages everything around the customer, an S2P platform manages everything around the supplier. It is a crucial process for organizations that are looking to streamline their procurement activities, better manage spend and suppliers and increase operational efficiency. What is Source-to-Pay?
130 
NLPA (Next Level Purchasing Association)
FEBRUARY 14, 2024
A well-defined procurement strategy is the key to optimizing your procurement process. Case Studies in Action Walmart’s Transformation : Walmart leveraged its procurement strategy for cost savings and supply chain efficiency. In today’s competitive landscape, getting the best price isn’t enough.
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!
97 
Empowering CPO
MAY 5, 2023
Embracing digital technologies has become a necessity for companies to streamline operations, improve customer experiences, and increase overall efficiency. It is responsible for managing the entire process of acquiring goods and services, from identifying suppliers to ensuring timely deliveries.
Procurement Insights
JANUARY 3, 2025
Impact of Globalization and Supply Chain Complexity : The complexity of global supply chains highlighted procurement’s role in managing risks, ensuring continuity, and driving efficiencies. CIOs recognized procurements role in optimizing IT spend and driving efficiency.
Una
APRIL 18, 2023
This will only make matters worse, as a supplier bankruptcy will disrupt your supply chain. Diversifying the supply chain can help mitigate the risk of disruptions and ensure that the organization can continue to function even if your key supplier is unable to fulfill their obligations due to financial stress.
98 
Jaggaer
OCTOBER 24, 2024
Tier 1 suppliers and their suppliers—and their suppliers’ suppliers—make up an organization’s multi-tier supply chain. Multi-tier supplier collaboration involves building transparency with and beyond your first tier suppliers. The Role of Communication in Supply Chain Collaboration Communication puts collaboration in motion.
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