Procurement Leaders

AUGUST 19, 2024

Data has become the lifeblood of business. The challenge, as we all well know, is finding the right data, at the right time, and applying it to the right situations to elevate both the quality and impact of decision-making. This is, of course, a two-way street: data challenges are in no way unique to CPOs and their teams.

Data 130

Data Price negotiations Procurement team Procurement 130

SCMDOJO

SEPTEMBER 20, 2024

One of the most important aspects of managing a supply chain is maintaining the quality of goods as they move through the system. Ensuring the right conditions, such as temperature and humidity, is key to preserving the quality of sensitive products like food, pharmaceuticals, and electronics.

Quality 94

Quality Supply Chain Optimization Supply chain Supply 94

Procurement Templates

DECEMBER 11, 2024

Operational Objectives Quality Assurance: Procure goods and services that meet required quality standards to support business operations. Buying cheapest isn’t always the best way, but on the flip side pushing for quality and getting a rolls royce solution might be over extravagant and not the best use of an organisations fund.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Cost of ownership 130

IBM Supply Chain Blog

MAY 9, 2023

Over the past decade, deep learning arose from a seismic collision of data availability and sheer compute power, enabling a host of impressive AI capabilities. Data must be laboriously collected, curated, and labeled with task-specific annotations to train AI models. Data: the foundation of your foundation model Data quality matters.

Data 128

Data Quality Sourcing Sustainability 128

Spend Matters

MARCH 10, 2025

In today’s competitive business landscape, procurement departments face constant pressure to optimize costs while maintaining the quality of goods and services. By providing deep insights into purchasing patterns, supplier performance and areas for cost reduction, spend analytics can transform raw data into actionable intelligence.

Buyers 114

Buyers Quality Purchasing Data 114

Let's Talk Supply Chain

JANUARY 13, 2025

Today Amber Salley, VP of Industry Solutions at GAINS, joins me to talk all about being data-driven. Were going to be diving into the evolution of data-driven thinking and the new paradigm we should be embracing now. And, well be sharing practical applications and the many benefits of letting the data lead.

Data 52

Data supply chain software solutions Supply Chain Optimization Inventory 52

Planergy

MARCH 10, 2025

Download Free Copy Education Data Management: Best Practices for Schools and Trusts Category Business Budgeting Written by Keith Murphy 20 min read Tags Big Data Business Intelligence (BI) Education Last edited March 10, 2025 Download PDF KEY TAKEAWAYS Data management ensures accuracy, compliance, and informed decision-making in education.

Data 52

Data Management Budget Real-time Visibility 52

SCMDOJO

JANUARY 29, 2025

Supply chain reports are data-driven documents that provide key metrics and insights into various aspects of your supply chain, including: Inventory Levels Tracking stock levels in real-time to ensure adequate inventory to meet demand while minimizing holding costs. What are Supply Chain Reports? defects, damage, non-conformance).

Supply Chain Optimization 98

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

IBM Supply Chain Blog

SEPTEMBER 6, 2023

According to the IBM survey, when CMOs were asked what they thought the primary challenges were in adopting generative AI, they listed three top concerns: managing the complexity of implementation, building the data set and brand and intellectual property (IP) risk. The journey starts with sound data.

Data 112

Data Strategy Ethics Quality 112

IBM Supply Chain Blog

NOVEMBER 14, 2023

Data monetization is a business capability where an organization can create and realize value from data and artificial intelligence (AI) assets. A value exchange system built on data products can drive business growth for your organization and gain competitive advantage.

Data 103

Data Strategy Supply Chain Efficiency Sourcing 103

The Thomas Blog

JANUARY 15, 2025

Alternatively, you can select specific suppliers you would like to download data for. If you did not select a specific supplier, we will export the whole list for you. Register today to try out these features yourself.

Sourcing 98

Sourcing Export Suppliers Quality 98

Procurement Insights

MARCH 23, 2025

“ The Forgotten Three A successful ProcureTech implementation can significantly influence product quality, supplier delivery performance, and full-time equivalents (FTEs) in indirect procurement by enhancing efficiency, visibility, and collaboration across the supply chain. Real-time data and AI (e.g.,

Real-time Visibility 52

Real-time Visibility Quality Supply Chain Efficiency Suppliers 52

Spend Matters

FEBRUARY 26, 2025

With limited funding, labor shortages and rapid technological advancements, public sector organizations must find innovative ways to maintain or even improve service quality with fewer resources. Mike Cook, SOVRAs Chief Product Officer, emphasized the importance of clean data and how SOVRA is supporting users with a qualified data lake.

Procurement 116

Procurement Bidding Contract management Data 116

SCMDOJO

JANUARY 22, 2025

This guide will equip you with the knowledge you need to make data-driven decisions, achieve your business goals, and boost your supply chain metrics. Supplier Quality DPPM (Defects Per Million) Definition This metric measures the number of defective parts per million received from a supplier. This KPI boosts supply chain metrics.

Supply Chain Optimization 90

Supply Chain Optimization Supply Chain Efficiency Supply chain Supply 90

Procurement Tactics

FEBRUARY 19, 2023

Many users are amazed at how ChatGPT can provide human-quality responses when they are asking questions. Sourcing suppliers ChatGPT can help procurement professionals to identify potential suppliers by analyzing supplier data. Although it may exhibit high grammar qualities and sophisticated ideas, it lacks insights.

Procurement 287

Procurement Market analysis Contract Suppliers 287

Spend Matters

JANUARY 7, 2025

Ramps transaction data indicates a 24% rise in year-over-year software spend. Contracts signed without proper review may expose businesses to compliance and liability risks, while purchases made without security checks can create data vulnerabilities. Businesses are doubling down on this investment in particular. Dont play with fire.

Procurement 117

Procurement Purchasing Vendor relationships Suppliers 117

Procurement Insights

MARCH 27, 2025

via VentureBeat or Pactera Technologies in 2019) suggesting up to 85% of AI projects fail due to issues like poor data quality or lack of management support. Data quality and scaling challenges are frequently mentioned. Gartner has been quoted (e.g.,

Procurement 69

Procurement Quality Leadership Purchasing 69

Procurement Tactics

MARCH 16, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Strategic Procurement — Everything You Should Know Strategic procurement allows businesses to meet the demand of the current procurement landscape by making sense of the data and automating the procurement process.

Procurement 238

Procurement Procurement strategies supply chain budgeting Contract management 238

Spend Matters

OCTOBER 31, 2024

Companies seek tools that automate risk categorization across areas like Data Protection, Information Security and Legal Compliance, providing real-time visibility and proactive governance. The future of risk technology will focus on AI-driven automation, improving data quality and ensuring compliance.

Risk management 114

Risk management Risk Management Real-time Visibility 114

ivalua

SEPTEMBER 28, 2020

Why force a supplier to rekey, when you can have pure electronic invoice data linked to real-time delivery data, capture receipt information all integrated into RFID tracking of inventory, all supported by a Government stamp saying its a real invoice, from a real supplier? What’s changed, nothing other than data!

supply chain budgeting 237

supply chain budgeting Purchase orders Networking Buyers 237

SCMDOJO

OCTOBER 30, 2024

These platforms can dynamically adjust the difficulty of tasks, provide targeted resources, and suggest personalized learning paths based on real-time performance data. Developing Analytical Skills Data analysis is at the heart of effective supply chain management.

supply chain budgeting 97

supply chain budgeting Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain 97

ivalua

JUNE 29, 2020

According to OECD and National Health Expenditure data, US healthcare spending per person was approx $10,224 in 2017. According to 2019 Definitive Healthcare data, U.S. Across this supply chain there is typically a lack of visibility due to siloed information and data. The only way to really understand that is data.

Agile and Lean Supply Chain 219

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

Procurement Heads

OCTOBER 4, 2022

With Gen Zers now accounting for around a third of the global population, for employers looking to beat the competition, considerations must be made to improve the quality of the environments they provide. But employers are seemingly failing to utilise the power of the office to attract these individuals.

Data 130

Data Collaboration Quality Import 130

Spend Matters

NOVEMBER 7, 2024

This experience underscored the broader market gap for a solution capable of consolidating data from reliable sources, creating a risk profile for each third party and generating an intrinsic risk score that evolves into a manageable residual risk score once mitigation controls are applied. What is the road ahead for Halo Ai?

Supply Chain Efficiency 111

Supply Chain Efficiency Risk management Real-time Visibility Ethics 111

Procurement Tactics

JANUARY 23, 2023

By collecting data on routes, stock levels, drivers’ availability, vehicle tracking, and other pertinent information, a transport management system accurately forecasts expected delivery times while efficiently scheduling drivers accordingly. Is It Worth It To Invest in a Transport Management System?

Real-time Visibility 202

Real-time Visibility Management Supply Chain Efficiency supply chain budgeting 202

Procurement Insights

FEBRUARY 18, 2025

In ProcureTech , the phrase “Cant build a house on a cracked foundation” means you cannot successfully implement AI-driven procurement solutions (or digital transformation) if the underlying procurement processes, data, and strategy are flawed. Lesson: Fix data governance before implementing AI.

Procurement team 52

Procurement team Procurement solutions Contract management Quality 52

Procurement Tactics

JUNE 8, 2023

Additionally, it allows for the analysis of hypothetical situations, enabling the optimization of operations to decrease costs, enhance service quality, and increase responsiveness. Collect supporting data To make smart decisions, you need reliable data that can support those decisions. Why is it important?

Supply Chain Optimization 211

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency supply chain software solutions 211

Jaggaer

OCTOBER 24, 2024

Collaboration across Tier 1, Tier 2, Tier 3, and beyond requires visibility and communication regarding capacity, cost, risk, order quantities, inventory levels, quality , timelines, logistics, and more. Work collaboratively with suppliers in real time to improve parts and material quality while responding quickly based on demand forecasts.

Collaboration 52

Collaboration Supply Chain Efficiency Suppliers Real-time Visibility 52

Procurement Insights

DECEMBER 14, 2024

Here is the link to today’s Gartner post on LinkedIn regarding the Data Fabric graphic. I will use these three terms: agent-based model, metaprise, and then – only then, as you call it, data fabric. Without the first two being in place, the data fabric map described above is incomplete and has limited value.

Data 72

Data Supply Chain Optimization Collaboration Supply Chain Efficiency 72

Arkestro

DECEMBER 5, 2024

Cutting-edge advancements in artificial intelligence (AI), machine learning (ML), game theory, analytics, cloud computing, and big data are becoming deeply ingrained into manufacturing processes. Arkestro uses predictive models to analyze data, forecast demand, and identify potential disruptions before they occur.

Supply Chain Optimization 52

Supply Chain Optimization Procurement Supply Chain Efficiency Supply chain resilience 52