Supply Chain Game Changer

SEPTEMBER 5, 2022

Supply Chain Visibility – An Overcomplicated Challenge! A recent Deloitte survey estimated only 15% of CPO’s have visibility beyond their tier one suppliers. I found this striking that there is so little multi-tier Supply Chain visibility. Visibility comes at a cost – one we’ve spoken about before: trust.

Supply Chain Visibility 95

Supply Chain Visibility Real-time Visibility Supply Chain Efficiency supply chain budgeting 95

ivalua

FEBRUARY 10, 2023

It also has an impact on procurement teams as they are responsible for managing supplier relationships, identifying opportunities for cost savings, and ensuring that goods and services are delivered on time and within budget. This helps ensure your contracts remain favorable and that all stakeholders comply with the negotiated terms.

Price 264

Price Strategy Sourcing Real-time Visibility 264

IBM Supply Chain Blog

FEBRUARY 28, 2024

This helps reduce errors to improve data quality and response times to questions, which improves customer and supplier satisfaction. For example, blockchain-backed contract management, when combined with automation, creates efficiencies and offers a high level of security. Try out cognitive intelligence free for 30-days.

Sourcing 105

Sourcing Strategy Supply Chain Efficiency e2e 105

Let's Talk Supply Chain

NOVEMBER 2, 2022

We wrapped up our “Tomorrow’s Insights Delivered Today” mini-series with Sifted back in September and it was a real success. 05.00] An overview of Sifted’s contract monitoring solution, part of the carrier management suite. We’re in unprecedented times – everybody just wants precedented times for Christmas!”.

Contract 52

Contract Supply Chain Efficiency Supply Chain Optimization Contract management 52

ivalua

FEBRUARY 27, 2023

It also has an impact on procurement teams as they are responsible for managing supplier relationships, identifying opportunities for cost savings, and ensuring that goods and services are delivered on time and within budget. This ensures contracts remain favorable and all stakeholders comply with negotiated terms.

Real-time Visibility 130

Real-time Visibility Procurement Agile and Lean Supply Chain supply chain budgeting 130

SCMDOJO

APRIL 29, 2024

Sourcing: Sourcing is all about finding reliable suppliers, negotiating contracts, and managing relationships. Efficient transportation systems minimize delays, reduce costs, and ensure timely delivery to customers. This involves supplier selection, negotiation, and contract management to ensure timely and cost-effective procurement.

Supply chain management 83

Supply chain management Supply chain management Agile and Lean Supply Chain Supply Chain Optimization 83

Una

AUGUST 17, 2022

This is where strategic sourcing professionals spend most of their time, communicating directly with their top suppliers through an SRM program , and using cutting-edge procurement software to analyze spend and track risk. Even with the help of procurement tech, it takes time and resources to bring an unruly tail spend under control.

Real-time Visibility 98

Real-time Visibility Spend management Procurement team Purchasing 98

World of Procurement blog

MAY 10, 2024

Monitoring supplier relationships : AI can track supplier performance metrics, analyze contract terms for risks, and identify opportunities to improve supplier relationships. Enhancing contract management : Natural language processing enables AI to extract key data from contracts. This maximizes value from sourcing partnerships.

Procurement team 52

Procurement team Procurement Real-time Visibility Supply Chain Efficiency 52

Spend Matters

AUGUST 28, 2023

At the same time, the importance and criticality of services spend for organizations hasn’t shrunk (on the contrary …) nor the need to address typical challenges and hurdles inherent to complex service categories: inefficient processes, lack of control and low spend visibility.

e2e 82

e2e Sourcing Real-time Visibility Procurement team 82

Procurement Software

MAY 14, 2024

Enhanced Efficiency and Visibility: By adopting process orchestration tools and platforms, businesses gain real-time insights and control over their procurement activities, facilitating quicker decision-making and improved risk management. It begins the process of integrating various parts of the business to work cohesively.

Procurement 52

Procurement Real-time Visibility e2e Chief Procurement Officer 52

World of Procurement blog

APRIL 23, 2024

This technology significantly reduces manual work, minimizes errors, and speeds up transaction times. Contract Management Systems By automating contract creation, storage, and monitoring, these systems ensure compliance, reduce risks, and foster better supplier relationships.

Supply Chain Efficiency 52

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

World of Procurement blog

APRIL 23, 2024

This technology significantly reduces manual work, minimizes errors, and speeds up transaction times. Contract Management Systems By automating contract creation, storage, and monitoring, these systems ensure compliance, reduce risks, and foster better supplier relationships.

Supply Chain Efficiency 52

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

Supply Chain Game Changer

SEPTEMBER 22, 2022

After the contract is signed, goods or services are delivered and payments are made. Spend Visibility. Spend visibility is a pretty big deal when it comes to procurement or any type of invoicing management for that matter. Transparency is a good thing when it comes to spending visibility. Real-time Spend Tracking.

supply chain budgeting 101

supply chain budgeting Real-time Visibility supply chain software solutions Procurement 101

World of Procurement blog

APRIL 23, 2024

Understanding Procurement Technology Procurement technology refers to the software and systems that automate and streamline procurement processes for businesses, covering everything from sourcing materials and services to managing contracts and analyzing spending. Tools like Jaggaer and Scout RFP are popular choices.

Procurement 52

Procurement Supply Chain Efficiency Real-time Visibility Purchase orders 52

Procurement Software

APRIL 23, 2024

Located in Amsterdam, Netherlands, the company leverages advanced AI technologies to enhance procurement processes, focusing on efficiency and data visibility. What sets Mithra-AI apart is its real-time, continuous visibility of spend data, coupled with proactive alerts for opportunities and risks.

supply chain software solutions 52

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

Procurement Heads

FEBRUARY 8, 2023

One of the common themes I’m hearing from large organisations is that they are finding a lack of visibility looking ahead for energy spend. Contract negotiations: Negotiating more favourable energy supply contracts with suppliers.

Real-time Visibility 130

Real-time Visibility Price Negotiation Sourcing 130

Una

NOVEMBER 28, 2022

Now, I know settling into a new role can take a little time, so I don’t want you to feel under any pressure to make any significant impact straight away. I wouldn’t expect any real results from you until you’ve spent a month or two reviewing our current supplier arrangements.” “Hmm Step 1: Gain visibility of spend data.

Real-time Visibility 95

Real-time Visibility Procurement Purchasing Contract 95

Una

JANUARY 17, 2023

Zero visibility of the risks their ships faced, from storms to piracy and political instability, rendered those on shore helpless to intervene. That is why the most important gains in supply chain technology have been in the area of visibility. Smart contracts. Streamlined cross-border trade. Internet of Things (IoT).

Supply Chain Efficiency 98

Supply Chain Efficiency Supply Chain Optimization Supply chain Real-time Visibility 98

IBM Supply Chain Blog

FEBRUARY 19, 2024

They need strong SCM practices to help work out the logistics of transporting goods across long distances and through multiple countries without creating longer lead times or delays. Advanced software tools can automate some parts of forecasting, providing real-time updates and alerts when inventory levels are too high or low.

supply chain software solutions 88

supply chain software solutions Supply chain management Supply chain management Supply Chain Efficiency 88

ivalua

JUNE 29, 2020

I have some real context of this, living in NYC and having a family member that works at a hospital. While it is a difficult time, you have to also applaud the heroic efforts of this industry as a whole. Across this supply chain there is typically a lack of visibility due to siloed information and data. Share on Twitter.

Agile and Lean Supply Chain 219

Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency Supply chain 219

World of Procurement blog

MAY 8, 2024

It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations. Scope : Procurement spans the entire process from identifying requirements to contract closure. Purchasing is more transactional and tactical.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Spend Matters

MARCH 11, 2024

For our readers who couldn’t/didn’t attend, here are our own reflections based on the time we had ( if we missed you, apologies, but do reach out to us here to get your procurement tech solution in front of our analysts ). So cleansing of SMFs is vital, even though it takes time. Compliance and GDPR — does the data stay locked?

Procurement strategies 93

Procurement strategies Innovation Strategy Procurement 93

ivalua

OCTOBER 22, 2020

This year’s edition comes at an interesting time, with the Covid-19 pandemic having shifted Procurement priorities and employee working practices. In Gartner’s Magic Quadrant, they forecast the Procure-to-Pay software market to dip slightly this year, as companies focus on solutions with faster time to value.

supply chain software solutions 147

supply chain software solutions Procurement Real-time Visibility supply chain budgeting 147

ivalua

NOVEMBER 10, 2020

e Procurement has been part of the technology footprint in many states for decades, to reduce cycle times, streamline processes, and collaborate with suppliers. . This includes gaining greater visibility into potential business through a transparent, competitive, and frictionless proces s, whether they are awarded a contract or not.

Procurement 130

Procurement Real-time Visibility Contract Sourcing 130

ivalua

NOVEMBER 10, 2020

eProcurement has been part of the technology footprint in many states for decades, to reduce cycle times, streamline processes, and collaborate with suppliers. . This includes gaining greater visibility into potential business through a transparent, competitive, and frictionless proces s, whether they are awarded a contract or not.

Sourcing 130

Sourcing Eprocurement Real-time Visibility Contract 130

Empowering CPO

JUNE 27, 2023

Traditional approaches to spend analysis relied heavily on manual processes and limited data visibility. Data Integration and Visibility: Connecting disparate data sources, such as procurement systems, supplier databases, and financial records, to create a centralized and holistic view of procurement activities.

Real-time Visibility 40

Real-time Visibility Supply Chain Efficiency Supply Chain Optimization Data 40

Zycus Cognitive Procurement

OCTOBER 20, 2022

In broader terms, cognitive procurement can augment all parts of procurement, such as identifying potential suppliers, automating the contract management process, and creating a touchless procurement experience. AI is revolutionizing the way that data is analyzed and contracts are created.

Real-time Visibility 59

Real-time Visibility Procurement Procurement team Risk 59

Empowering CPO

JUNE 26, 2023

From data-driven decision making to real-time spend visibility, predictive analytics, supplier collaboration, intelligent automation, and data security, we will explore each trend in depth, shedding light on their significance and potential impact on businesses.

Real-time Visibility 40

Real-time Visibility Supply Chain Efficiency Supply Chain Optimization Collaboration 40

Zycus Cognitive Procurement

JANUARY 16, 2023

You must have found yourself struggling with limited visibility into preferred or contracted suppliers, contract utilization status, budgeting issues, and multiple requirements for sourcing low dollar items or services. It is usually time consuming, require multiple approvals and follow ups. Lack of pricing compliance

Sourcing 52

Sourcing Real-time Visibility Procurement Buyers 52

Arkestro

APRIL 25, 2023

The workforce shortage reached half a million this year , and many sectors continue to grapple with increased lead times, and volatile material costs. At the same time, the number of young, able-bodied construction workers has decreased by 8% over the past decade, further exacerbating the industry’s labor shortage.

Supply Chain Efficiency 52

Supply Chain Efficiency Sourcing supply chain budgeting Real-time Visibility 52

ivalua

MAY 19, 2022

By removing the friction in global supply chains, for the first time, the payment and the sourcing event are seamlessly linked. This allows for part-payments, quality or milestone-based contract terms, even payment on receipt to be visible to the supplier, finance, treasury, and the buyers.

Supply Chain Efficiency 130

Supply Chain Efficiency Real-time Visibility e2e Buyers 130

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 82

Procurement solutions Procurement e2e Real-time Visibility 82

SCMDOJO

AUGUST 16, 2023

The company has implemented sophisticated barcode scanning and point-of-sale systems to collect real-time data from its stores. By employing these technologies, Walmart gains valuable insights into customer buying behavior, sales trends, and inventory levels.

Supply Chain Efficiency 75

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization Supply chain 75

Claritum

JUNE 12, 2018

ASL Global will be able to provide a significantly faster response and better overall experience to their global clients, converting more quotes into orders, and Improving on current quote to order conversion times and the value they deliver to their customers. The post ASL Global awards contract to Claritum appeared first on Claritum.

Contract 32

Contract Real-time Visibility Leadership Purchasing 32

SCMDOJO

APRIL 4, 2023

When it comes to managing a supply chain, having access to real-time data can be a game-changer. By providing visibility into every aspect of the supply chain, companies can identify bottlenecks, reduce waste, and minimize delays. This can result in faster delivery times and improved customer satisfaction.

Supply Chain Analytics 111

Supply Chain Analytics Supply Chain Optimization supply chain budgeting Supply Chain Efficiency 111

SCMDOJO

JUNE 6, 2023

Data analytics plays a central role in inventory optimization. It provides real-time visibility into stock levels, lead times, and demand patterns. Businesses can make precise forecast demand, identify obsolete inventory, and can use data analytics to make smart decisions about stock allocation and replenishment.

Supply Chain Optimization 72

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency supply chain software solutions 72

Arkestro

MARCH 27, 2024

Regardless of industry, procurement buyers fulfill their role by finding the best suppliers, negotiating contracts, and identifying the most cost-effective, timely procurement of goods. Contract negotiation: Working with suppliers to establish the most favorable terms, pricing, and conditions. You can unsubscribe at any time.

Buyers 52

Buyers Supply Chain Efficiency supply chain budgeting Procurement 52