SCMDOJO

FEBRUARY 16, 2025

This leap in AI capabilities is revolutionizing industries, and AI-driven supply chain management is no exception. The Role of Agentic AI in Supply Chains Supply chains are dynamic and complex, requiring continuous decision-making across multiple functions, from procurement and inventory management to logistics and demand forecasting.

Supply Chain Efficiency 73

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain 73

Spend Matters

DECEMBER 20, 2023

This Spend Matters Vendor Analysis provides an overview of CloudEagle and its SaaS management solution. However, with great power comes great responsibility, and that responsibility falls on the shoulders of SaaS management. In this case, they need a SaaS management solution to assist them. not as an additional service).

Management 102

Management Market analysis Cost optimization Buyers 102

SCMDOJO

JANUARY 29, 2025

However, implementing inventory management techniques such as ABC analysis and safety stock to optimize stock levels and minimize the risk of stockouts. Implementing strategies to improve order fulfillment accuracy, such as implementing barcode scanning and utilizing warehouse management systems (WMS).

Supply Chain Optimization 98

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 98

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. It helps businesses decide whether to produce goods internally (make) or source them externally (buy), weighing costs, quality, scalability, and capacity.

Supply Chain Efficiency 98

Supply Chain Efficiency supply chain budgeting Supply chain management Supply chain management 98

SCMDOJO

FEBRUARY 26, 2025

Introduction As global supply chains evolve, ensuring cost efficiency is crucial. One way to assess the cost performance of any function within the supply chain is through Cost Performance Index (CPI). indicates cost inefficiency, signaling a need for supplier negotiations or alternative sourcing strategies. A CPI of 0.83

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Supply Chain Optimization Raw materials 52

ivalua

JANUARY 13, 2021

Also, an eprocurement solution provides you with clean spend data, which is the basis for a sound spend analysis and eventually relevant category management. Users only see information that is relevant to them, i.e. Requisitioners see expected delivery dates, Managers their budget consumption, Accounts Payable their pending invoices.

Eprocurement 235

Eprocurement Real-time Visibility Purchase orders Budget 235

SCMDOJO

FEBRUARY 21, 2025

Procurement leaders, Chief Procurement Officers (CPOs), and Supply Chain Managers must proactively build resilience into their procurement processes to safeguard operations. Logistics & Transportation Failures: Port congestion, rising freight costs, and fuel shortages. Increased costs due to emergency sourcing.

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency Supply chain 59

Procurement Leaders

DECEMBER 9, 2022

Here, Procurement Leaders speaks to CPO Lene Aabo-Bjerregaard about some of those complexities, and what she and her team are doing to manage them. PL: We are in the middle of a period of rampant inflation, what are you doing differently to manage this environment? LA-B: Many things.

Collaboration 162

Collaboration Supply Chain Efficiency Raw materials Supplier relationship management 162

Spend Matters

SEPTEMBER 25, 2024

SaaS intelligence vendors such as NPI address these issues with a dedicated SaaS procurement management tool (that NPI augments with deep pricing intelligence) which helps organizations struggling with unmanaged licenses and poor renewal governance. Per-employee SaaS subscriptions alone cost businesses on average $2,000 annually.

Vendor relationships 116

Vendor relationships Buyers Market analysis Cost optimization 116

IBM Supply Chain Blog

AUGUST 11, 2023

But they are also focusing on cost allocation and expecting greater cost discipline from their CIOs and IT teams, leading CIOs to face increasing pressure to justify their expenditures and keep track of spending. IT cost management has grown in importance because cost control is top of mind for every organization across all industries.

Import 74

Import Management Budget Real-time Visibility 74

Spend Matters

JANUARY 16, 2024

Redefining procurement in 2024: A quest from cost savings to strategic value creation Today, procurement leaders find themselves at a crossroads, torn between the age-old pursuit of cost savings and the imperative to infuse strategic value into their organizations.

Procurement solutions 103

Procurement solutions Procurement Spend management Supply Chain Optimization 103

ivalua

NOVEMBER 30, 2022

Redwood City, CA – November 30, 2022 – Ivalua, a global leader in spend management, today announced that it has been named a Leader in the 2022 Gartner “ Magic Quadrant for Procure-to-Pay Suites ” for the 4th consecutive year. Ivalua is a leading provider of cloud-based Spend Management software. About Ivalua.

Procurement 130

Procurement Spend management Cost optimization Sustainability 130

ivalua

APRIL 2, 2019

We look forward to contributing to their Procurement cost optimization initiative”. Effectively managing costs and supply chain risk is critical to success,” said Dan Amzallag, CEO of Ivalua Inc. Offshore ultra-deep water drilling company to deploy eSourcing globally across its purchasing function.

Sourcing 28

Sourcing Supply Chain Efficiency Chief Procurement Officer Supply Chain Optimization 28

SCMDOJO

AUGUST 28, 2024

Inventory management was rudimentary, often relying on manual processes and paper-based systems. The Shift Towards Efficiency: Streamlining Operations As supply chains grew more complex, the need for optimization emerged. Distribution Points: Warehouses located closer to customers enable faster and more cost-effective distribution.

Real-time Visibility 98

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

Spend Matters

JULY 21, 2022

It currently offers a SxM solution that is rapidly growing to cover other processes (sourcing, contract management, order collaboration, cost optimization). To potential buyers — Procurence has strong direct materials supplier (quality) management. The company has its origin in the business side of things and consulting.

Market analysis 97

Market analysis Procurement Quality management Supply Chain Optimization 97

SCMDOJO

DECEMBER 14, 2023

Logistics and Shipment Management: Smooth Transitions Across Borders Coordinating the logistics of shipping goods across borders is a complex task. Sourcing agencies take charge of the entire shipment process, selecting the most efficient and cost-effective shipping methods.

Sourcing 104

Sourcing Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain 104

SCMDOJO

FEBRUARY 5, 2025

MCIPS: The Gold Standard in Procurement Qualifications MCIPS is a globally recognized professional qualification that signifies a deep understanding of procurement and supply management. It’s a structured program with defined levels that culminate in a prestigious certification.

Procurement 59

Procurement Real-time Visibility supply chain budgeting Supply Chain Optimization 59

Finale Inventory

AUGUST 14, 2024

Efficient asset management is key for success in ecommerce. Finale Inventory’s asset management spreadsheet template offers a reliable solution to enhance your ecommerce operations. Importance of Asset Management in Ecommerce Ecommerce businesses manage various assets like inventory, equipment, and digital resources.

Management 52

Management Inventory supply chain software solutions Supply Chain Efficiency 52

Procurement Insights

MARCH 16, 2025

How Procurement Professionals Use or Interact with Model Context Protocol (MCP) Procurement professionals interact with AI models that utilize Model Context Protocol (MCP) in various ways, especially within digital procurement platforms, supplier management systems, and spend analytics tools.

Supply Chain Optimization 52

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency Bidding 52

Jaggaer

OCTOBER 24, 2024

As procurement and supply chain leaders seek to optimize performance, collaboration with suppliers becomes a strategic tool for creating value for the business. From basic cost optimization to leveraging technology, we’ve laid out our six best practices for building and maintaining collaborative supplier relationships.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency supply chain software solutions 52

Procurement Tactics

JUNE 7, 2023

It is a strategic method of managing suppliers, where the focus is on aligning suppliers and partners with your business strategy. It provides a digital platform for managing various aspects of the supplier relationship , such as sharing information, coordinating activities, exchanging documents, tracking performance, and resolving issues.

supply chain software solutions 130

supply chain software solutions Collaboration Suppliers Supply Chain Efficiency 130

Jaggaer

OCTOBER 24, 2024

In the absence of communication, even the best suppliers can only deliver marginal value at best. For optimal effectiveness, supplier selection, contract management , and supplier development must be supported by consistent, streamlined, and transparent collaboration. Integration is another challenge.

Collaboration 52

Collaboration Supply Chain Efficiency Suppliers Real-time Visibility 52

Let's Talk Supply Chain

FEBRUARY 25, 2025

Key initiatives include: Data-Driven Decision Making: Utilizing advanced analytics to optimize inventory management and forecasting. Strategic Planning: A forward-thinking approach to supply chain management, including forecasting, risk management, and cost optimization, is crucial for long-term success.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization Supply chain Ethics 52

Jaggaer

MARCH 6, 2025

Harnessing Advanced Technologies & Proving Benefit Modern procurement systems must integrate advanced technologies to streamline processes and enhance decision-making: Artificial Intelligence (AI) and Machine Learning (ML): AI and ML are now indispensable for automating repetitive tasks, such as supplier evaluations and contract management.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement supply chain budgeting Sustainability 52

Procurement Software

JANUARY 26, 2025

Automation and Efficiency Automation liberates procurement professionals from mundane transactional tasks, allowing them to focus on strategic initiatives like category management, sustainability, and fostering innovation with key suppliers. Category Managers will be freed up to spend more time on execution rather than data gathering.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Agile and Lean Supply Chain Category management 52

Jaggaer

FEBRUARY 5, 2025

JAGGAER characterizes the steps in this process as Spend Management, Category Management, Sourcing , and Contracts. While the shift may seem complex, breaking it into clear milestones makes the process more manageable, allowing your organization to stay focused on the bigger picture while driving long-term success.

Supply Chain Efficiency 52

Supply Chain Efficiency Sourcing e2e Real-time Visibility 52

Procurement Insights

JANUARY 3, 2025

Here’s a breakdown of the shifts over this period: 2011: Procurement as a Tactical Function Primary Focus on Cost Savings : In 2011, CFOs largely viewed procurement as a cost-control function , tasked with negotiating contracts, reducing spend, and maintaining compliance with budgets.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Procurement 52

Skill Dynamics

FEBRUARY 6, 2024

Supplier relationship management is a business strategy utilized by organizations to strategically build relationships with their suppliers that are mutually beneficial. When implemented and managed correctly, it’s a strategy that can lead to large-scale operational improvements, cost optimization, and reduced risks across the supply chain.

Supplier relationship management 59

Supplier relationship management Suppliers Supply Chain Efficiency Management 59

Finale Inventory

SEPTEMBER 17, 2024

In the ecommerce business, managing inventory costs effectively is crucial for maintaining profitability and healthy cash flow. While many established sellers are beyond the initial stage of funding upfront inventory costs, optimizing how inventory costs are managed remains essential.

Inventory 52

Inventory Management Order Fulfillment Budget 52

IBM Supply Chain Blog

OCTOBER 3, 2023

Together, IBM Instana and IBM Turbonomic provide real-time observability and control that everyone and anyone can use, with hybrid cloud resource and cost optimization so you can safely automate to unlock elasticity without compromising performance. IBM® Turbonomic® eliminates the need to overprovision and overspend.

Real-time Visibility 89

Real-time Visibility Cost optimization Budget Data 89

Spend Matters

JUNE 6, 2024

Spend Matters continues its focus on Intake and Orchestration as this quarter’s theme of special interest with a viewpoint on the importance of this market segment from Nick Heinzmann, Head of Research at e-procurement and intake management specialist, Zip.

Procurement 110

Procurement Influencing Contract Cost optimization 110

IBM Supply Chain Blog

MAY 12, 2023

Amazon Simple Storage Service (Amazon S3) is an object storage service that provides organizations with scalability, security, availability and performance while keeping their IT infrastructure management needs at bay. The AWS S3 pricing structure is one of its biggest challenges because it’s complex and difficult to manage.

Price 52

Price Management Real-time Visibility Data 52

ivalua

APRIL 2, 2019

We look forward to contributing to their Procurement cost optimization initiative”. Effectively managing costs and supply chain risk is critical to success,” said Dan Amzallag, CEO of Ivalua Inc. Offshore ultra-deep water drilling company to deploy eSourcing globally across its purchasing function.

Sourcing 100

Sourcing Supply Chain Efficiency Chief Procurement Officer Supply Chain Optimization 100

Skill Dynamics

FEBRUARY 11, 2025

Risk management Identifying, assessing, and mitigating risk are all key skills for any supply chain professional. Supply chain disruptions, cybersecurity, and risk transfer are all areas that should be covered in any training program to help your team develop their skills around general risk management.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Supply Chain Optimization Supply chain 52

Procurement Insights

MARCH 23, 2025

Indirect spending typically represents 15-27% of revenue in manufacturing companies, making it a significant area for cost optimization. travel, consulting) and lower in fixed costs (e.g., Facilities Management: 10% ($7.5 Savings Potential: 5-8% via contract optimization. 5% Facilities Management $7.5

Supplier consolidation 52

Supplier consolidation Supply Chain Optimization Logistics Strategic sourcing 52

Procurement Templates

JUNE 18, 2023

Central banks and governments often aim to manage inflation to maintain price stability and promote economic growth. Money buys less than before How should procurement manage inflation? ChatGPT Procurement departments can take several steps to manage inflation effectively.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

Procurement Tactics

JULY 4, 2023

By using this should-cost model template, businesses can analyze the cost breakdown of their product, understand the contribution of each raw material, track changes in costs over time, and identify areas for cost optimization and negotiation with suppliers. Some of the popular software are the following: 1.

Raw materials 209

Raw materials supply chain software solutions supply chain budgeting Price 209