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. It allows businesses to track and improve their procurement activities and have a transparent outlook of their procurement process. The key elements are typically: 1.

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Supply Chain Game Changer

AUGUST 19, 2022

Subscribe to Supply Chain Game Changer. Supply chain management and contract lifecycle management are key ingredients to business success. The journey from idea to end product to shipment and delivery is exciting, yes, but rather complicated — fueled with many moving parts. Subscribe Here! Email Address.

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SCMDOJO

MAY 6, 2022

Modern enterprises rely on supply chain software to track several activities, including manufacturing and distribution of goods. Many supply chain systems are closed-source, all-in-one, proprietary, expensive, and difficult to customize ( read Why ERP Sucks ). Benefits of No-code Platforms.

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IBM Supply Chain Blog

FEBRUARY 28, 2024

Now, sourcing and procurement professionals are reaping the rewards of such automation: streamlining workflows, boosting the bottom line and finding efficiencies. Blockchain technology ensures that it’s stored, accessed and shared quickly, accurately and transparently. Try out cognitive intelligence free for 30-days.

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SCMDOJO

JULY 24, 2023

Contract Logistics is a critical aspect of the supply chain that often remains behind the scenes but plays a significant role in ensuring the efficient movement and management of goods. Read More: 6 Logistics KPIs Attributes That are Essential ] What is Contract Logistics?

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ivalua

MAY 19, 2022

Our unrivaled licensing and banking networks are setting new standards of security, transparency, and speed for B2B cross-border payments,” said Sinead Fitzmaurice, CEO of TransferMate Global Payments – a subsidiary of the Clune Tech Group. “We All this is transparent across the payment journey, to the buyer and supplier.

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SCMDOJO

MARCH 25, 2022

In the current era, it is clear that new modes of production are concomitant with new modes of distribution, which advances the field of logistics, the science of physical distribution or even supply chain management. Reminder of Key Definitions – Logistics & Supply Chain Management. and J-P Rodrigue (2004)).

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IBM Supply Chain Blog

FEBRUARY 19, 2024

In today’s complex global business environment, effective supply chain management (SCM) is crucial for maintaining a competitive advantage. Here’s how companies are using different strategies to address supply chain management and meet their business goals.

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SCMDOJO

JUNE 21, 2023

The Supply Chain as a Service (SCaaS) market has experienced significant growth in recent years, with even greater potential ahead. SCaaS is a technology-driven approach to managing supply chains, offering comprehensive end-to-end solutions for businesses. Let’s delve into this emerging concept.

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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?

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SCMDOJO

OCTOBER 14, 2023

Here, we’ll discuss how it becomes useful for SCMs and what are some blockchain supply chain examples. Understanding Supply Chain The production industry uses a variety of procedures to serve its consumers through the market; all these activities can be covered under one umbrella term: supply chain.

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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.

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Supply Chain Game Changer

FEBRUARY 14, 2022

Subscribe to Supply Chain Game Changer. The Supply Chain Renaissance Has Begun! Therefore, for example, they’re expected to come up with mitigations measures for cybersecurity threats in the IT department and solutions for disruptions in the supply chain, to mention but a few. Subscribe Here!

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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.

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Supply Chain Game Changer

NOVEMBER 26, 2018

The concept of the “control tower” is increasingly becoming widespread in Supply Chain Management, and Control Tower technologies are a popular topic right within the supply chain community. Every research firm and vendor has their own definition, but all share the common theme of visibility.

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ivalua

MAY 15, 2022

They’re also ramping up usage in contract management. . There are interesting challenges within the AmRest business model at the supply chain level. To address their gaps, Amrest is building an end-to-end procurement process that covers all of their businesses and each unique challenge these operations face.

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Spend Matters

JANUARY 5, 2024

Contract Lifecycle Management Evisort , which was once a promising contract analytics upstart looking to disrupt the market with its strong AI and post-signature capabilities, has evolved into a well-rounded, end-to-end CLM provider that can compete for both mid-market and large enterprise customers.

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ivalua

MAY 15, 2022

They’re also ramping up usage in contract management. . There are interesting challenges within the AmRest business model at the supply chain level. To address their gaps, Amrest is building an end-to-end procurement process that covers all of their businesses and each unique challenge these operations face.

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Supply Chain Game Changer

NOVEMBER 19, 2018

The application of blockchain in the supply chain is among the greatest innovations to take root in the shipping industry. The application of blockchain holds promises to increase visibility, renew viability, reduce inconsistency, increase payment processing accuracy, and eliminate compliance problems. And How Does it Work?

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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.

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ivalua

JANUARY 27, 2021

During these tumultuous times, achieving AP automation superhero status may seem an impossible task, as you continue to battle disrupted supply chains, high costs and general chaos. They follow an end-to-end channel strategy with nearly all spend covered by contract or POs. Purchasing cards are also widely used.

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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. Lack of Visibility Beyond Tier 1. And, only 15% had visibility into tier 2 or beyond.

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Pipefy

JANUARY 9, 2024

Smart procurement is the use of technology to improve efficiency and help build more agile procurement processes. Smart procurement is the use of advanced technology, such as AI, automation , and RPA to optimize procurement processes and relieve professionals from monotonous tasks in order to achieve greater efficiency.

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Jaggaer

DECEMBER 13, 2024

Its an integrated, end-to-end process that unifies procurement and finance, helping organizations streamline purchasing, minimize delays, and ensure timely payments. A well-managed P2P process improves operational efficiency, controls costs, and enhances compliance with procurement policies.

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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.

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Spend Matters

OCTOBER 4, 2023

CLM DraftOnce from Blue Burro is a contract drafting solution that focuses on document preparation (specifically procurement contracts). Expense Management Enable’s rebate management solution empowers businesses with rebate visibility, streamlined automation and ROI metrics and provides a user-friendly, customer-facing platform.

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Spend Matters

SEPTEMBER 14, 2023

Risk reduction is especially important in the supply chain, where leaders are focused on supply and supplier transparency to assess vulnerabilities. Are you witnessing a shift in demand towards more ESG and supply chain risk capabilities? Here are a few of the top concerns we’re hearing.

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ivalua

SEPTEMBER 24, 2020

Recent trends have increased the strategic importance of an effective, transparent Invoice-to-Pay process, managed by AP. A recent study by Forrester found that the single greatest factor in increasing a supplier’s willingness to collaborate with and share innovations with a customer was timeliness of and visibility into payments.

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Supply Chain Game Changer

NOVEMBER 11, 2020

Subscribe to Supply Chain Game Changer. Peak season fulfillment is a topic that strikes both fear and hope into the minds of supply chain leaders. It can boost profitability and provide a jolt of efficiency. It can boost profitability and provide a jolt of efficiency. Diversify your supply chain.

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Supply Chain Game Changer

DECEMBER 1, 2020

Subscribe to Supply Chain Game Changer. With such an indiscriminate virus at work how do you efficiently and quickly get a vaccine to everyone in every country around the world? It is an incredible task that won’t happen without careful and well thought out planning and execution of the Supply Chain.

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Procurement Insights

MAY 27, 2024

Here is the paragraph: “Back in 2002, Greg Brady , a supply chain visionary, and Ranjit Notani , a pioneer in multi-enterprise collaboration technology, came to the conclusion that the traditional paradigm of business-to-business collaboration built around enterprise-centric software was fundamentally flawed. ” 30

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Supply Chain Opz

JANUARY 22, 2016

Then, executives need supply chain technology to stay ahead of the game. Markus Rosemann, Vice President for Logistics and Order Fulfillment, SAP There is a great opportunity for technology to relate massive amounts of data from sensors, telematics systems and RFID tagged items in the Supply Chain and Logistics industries.

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Jaggaer

OCTOBER 24, 2024

By selecting and developing the right suppliers and establishing streamlined, transparent communication with them, manufacturers gain the agility and resilience to respond to customer demands, rise to the top, and navigate disruptions more easily. Decision-makers must plan supply chain resilience strategies for a wide range of risk scenarios.

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Jaggaer

OCTOBER 24, 2024

2: Invest in Relationship Management Supplier relationship management (SRM) can foster a culture of transparency between businesses and their suppliers. These may also emerge during contract negotiations and any supplier development programs, resulting in more favorable terms with more reliable suppliers.

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Barkers Procurement

NOVEMBER 15, 2024

It needed to find efficiencies in the short-term, realign service levels, and improve visibility on service and future spend in the longer term. Results Achieved savings in excess of 40% of the annual contract value, as well as multiple short-term savings initiatives, which immediately impacted the client’s bottom line.

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IBM Supply Chain Blog

APRIL 4, 2024

BPM is intended to help improve the efficiency of existing processes, with the goal of increasing productivity and overall business performance. Document-centric BPM is for efficiently managing documents and content—such as contracts—within processes. BPM is often confused with other seemingly similar initiatives.

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Pipefy

JANUARY 30, 2024

Finally, procurement teams are responsible for anticipating and responding to disruptions in the supply chain and their own process. From procure-to-pay software to spend management and analysis tools, procurement technologies are disrupting the status quo and bringing efficiency to teams like never before. Purchase orders.

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