Procurement Tactics

MAY 22, 2023

The goal of integrated logistics is to optimize the entire supply chain by minimizing costs, improving efficiency, and ensuring timely delivery of products to customers. Improved operations Sharing performance data in real-time among various departments within logistics organizations can enhance operational efficiencies.

Logistics 207

Logistics supply chain software solutions supply chain budgeting Supply Chain Optimization 207

SCMDOJO

MARCH 19, 2024

Discover Ways to Boost Supply Chain Visibility through Digital Marketing Supply chain visibility is essential for providing a superior customer experience and sustaining customer loyalty over time. Customers face significant frustrations that erode brand trust and sales without supply chain visibility.

Supply Chain Visibility 93

Supply Chain Visibility Real-time Visibility e2e supply chain software solutions 93

IBM Supply Chain Blog

OCTOBER 17, 2023

Introducing the SAP Business Technology Platform The SAP Business Technology Platform (BTP) is a technological innovation platform designed for SAP applications to combine data and analytics, AI, application development, automation and integration into a single, cohesive ecosystem. Why SAP BTP + IBM Instana?

Real-time Visibility 76

Real-time Visibility Data Innovation Sourcing 76

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. According to OECD and National Health Expenditure data, US healthcare spending per person was approx $10,224 in 2017.

Agile and Lean Supply Chain 219

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

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

Procurement Tactics

JUNE 19, 2023

AI systems are able to learn, recognize patterns, and make predictions by analyzing data with the use of algorithms and statistical models. Artificial intelligence is being used to automate routine and time-consuming work in warehouses such as packing and sorting of goods which helps to improve efficiency, reduce errors and costs.

Logistics 193

Logistics supply chain budgeting supply chain software solutions Real-time Visibility 193

IBM Supply Chain Blog

SEPTEMBER 27, 2023

The average cost of a data breach set a new record in 2023 of USD 4.45 On the bright side, data also shows that artificial intelligence (AI) and automation can improve security readiness and speed response to attacks, to help dramatically shrink the data breach window before causing real harm.

Data 93

Data Real-time Visibility e2e Sourcing 93

Supply Chain Brain

JUNE 5, 2023

The manufacturing floor operates in the blind in the absence of real-time data from suppliers on arrival of parts or raw materials, says Jeffrey Luft, portfolio development executive with Siemens Digital Industries Software.

Real-time Visibility 98

Real-time Visibility Raw materials Suppliers Logistics 98

ivalua

JANUARY 13, 2021

– Spend control through real-time visibility into budget consumption, negotiated prices, preferred suppliers, engagement channels. Also, an eprocurement solution provides you with clean spend data, which is the basis for a sound spend analysis and eventually relevant category management. 100% of electronic POs.

Eprocurement 235

Eprocurement Real-time Visibility Purchase orders Budget 235

IBM Supply Chain Blog

SEPTEMBER 13, 2023

Organizations are wrestling with a pressing concern: the speed at which they respond to and contain data breaches falls short of the escalating security threats they face. According to the Cost of a Data Breach 2023 Report by IBM, the average cost of a data breach reached a record high of USD 4.45 million this year.

Data 93

Data Risk Real-time Visibility Management 93

ivalua

JUNE 4, 2020

A review of the key elements in supplier management for manufacturers and how Source-to-Pay procurement technology can support the journey towards supply chain resilience and agility in times of crisis. Supplier Data Quality & Management in Decision Making. Transparency, or ability to scale data, across an organization.

Agile and Lean Supply Chain 173

Agile and Lean Supply Chain Supply chain resilience Supply Chain Efficiency Supply chain 173

ivalua

FEBRUARY 25, 2021

They may not consider potential issues of integrations, supplier onboarding, supply chain data management, change management and system optimization, all of which add to complexity and costs. Sustainable master data management and governance: As much as 55% of projects fail due to data management issues. The post ERP vs.

supply chain budgeting 221

supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 221

Supply Chain Brain

JUNE 27, 2024

In a time of extreme unpredictability, companies need to centralize inventory control. It’s imperative to drive agile decision-making by consolidating data across the network, employing advanced analytics, and enabling real-time visibility.

Inventory control 110

Inventory control Inventory Real-time Visibility Management 110

ProcurePort

DECEMBER 7, 2023

Real-time visibility, data analytics, and integration with emerging technologies enhance efficiency, cost savings, and financial control, fostering transparency and accountability across procurement operations.

Real-time Visibility 130

Real-time Visibility Procurement Data 130

Procurement Tactics

JULY 23, 2023

The main goal of last mile logistics is to ensure that goods or services ordered by customers are delivered efficiently and on time. This tracking system enables real-time updates on the shipment’s whereabouts and estimated delivery time. Frequently asked questions + What is last mile logistics?

Logistics 209

Logistics Supply Chain Efficiency Supply Chain Optimization Real-time Visibility 209

Finale Inventory

FEBRUARY 19, 2024

For customers, inadequate customer support leads can lead to delays, extending the time for processing and refunds. Businesses confront re-stocking, handling damaged goods, adjusting inventory inaccuracies, and navigating the risk of overselling during high-demand periods. But how do you get to why a customer initiated a return?

Inventory 105

Inventory Real-time Visibility Management Quality 105

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

Supply Chain Brain

JUNE 9, 2024

through visibility and real time data for decision making. Our guest will discuss the latest regulation updates on circular economy, and how these changes are shaping decisions on how brands are trying to achieve their environmental targets.

Real-time Visibility 105

Real-time Visibility Data 105

IBM Supply Chain Blog

APRIL 15, 2024

Data integration stands as a critical first step in constructing any artificial intelligence (AI) application. While various methods exist for starting this process, organizations accelerate the application development and deployment process through data virtualization. Why choose data virtualization?

Data 64

Data Real-time Visibility Supply Chain Optimization Agile and Lean Supply Chain 64

Procurement Tactics

MAY 16, 2023

In a 4PL model, the external provider (also known as the lead logistics provider or LLP) manages and coordinates all aspects of the supply chain , including transportation, warehousing, inventory management, and distribution. This provider may also manage other third-party logistics (3PL) providers on behalf of the client company.

Logistics 211

Logistics supply chain budgeting Supply Chain Optimization Supply Chain Efficiency 211

Procurement Tactics

MARCH 27, 2023

Supply chain forecasting refers to the process of predicting demand by looking at past and present information to help businesses make decisions about their plan, budget, and stock inventory. All data and information in forecasting ensure that businesses will run smoothly and continuously grow.

supply chain budgeting 192

supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 192

SCMDOJO

AUGUST 28, 2024

Inventory management was rudimentary, often relying on manual processes and paper-based systems. This approach limited visibility and control over stock, leading to inefficiencies and potential stockouts. The Shift Towards Efficiency: Streamlining Operations As supply chains grew more complex, the need for optimization emerged.

Real-time Visibility 91

Real-time Visibility Supply Chain Optimization supply chain budgeting Supply Chain Efficiency 91

Procurement Tactics

OCTOBER 16, 2022

The system gives the user accuracy, visibility, and control over whether the project can be profitable or not. Visibility of the workflow. Before the creation of ERP systems, the coordination of the involved parties in the project is time-consuming and takes a lot of effort. . Data security and risk management.

Real-time Visibility 130

Real-time Visibility Budget Inventory control Data 130

Procurement Tactics

JUNE 8, 2023

Initially, the company may perform a physical review of its goods and import the stock data into the software for reconciliation. Moreover, simple inventory counts can be conducted by trained staff when time is limited or there is high employee turnover. Disadvantages of Periodic Inventory System 1.

Inventory 192

Inventory Real-time Visibility supply chain software solutions Quantity 192

Procurement Tactics

JUNE 6, 2023

Inventory forecasting, also known as demand planning or demand forecasting, is a market research technique that accurately predicts future inventory needs. By analyzing past data, trends, and upcoming events, businesses can ensure sufficient product availability while avoiding excess inventory.

Inventory 170

Inventory Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 170

Procurement Tactics

DECEMBER 6, 2022

However, these manual processes are ineffective and cost a lot of effort, time, and money. Manual processes in spend management cause many mistakes and errors in data. Visibility of expense data. Spend management helps you track viable expense data for future reference. Centralize expense data. Human error.

Spend management 172

Spend management Management Real-time Visibility Budget 172

Supply Chain Game Changer

SEPTEMBER 19, 2022

What is Big Data? Edge computing is a new technology that allows data to be processed at the edge of a network rather than in its center. This will minimize delays caused by transferring data between locations via secure channels or over wireless networks, which may not operate at optimal speeds due to congestion issues.

Supply Chain Efficiency 100

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Supply chain 100

IBM Supply Chain Blog

MAY 9, 2024

The healthcare industry faces arguably the highest stakes when it comes to data governance. For starters, healthcare organizations constantly encounter vast (and ever-increasing) amounts of highly regulated personal data. healthcare, managing the accuracy, quality and integrity of data is the focus of data governance.

Data 66

Data Quality Real-time Visibility Strategy 66

ivalua

JANUARY 12, 2023

To avoid this pitfall, it is necessary for public procurement teams to routinely review the entire process and challenge steps to ensure that requirements are necessary to meet rules or requirements and/or deliver real value. . Data Insight Strategy. Automation alone does not transform a cumbersome work process.

Strategy 130

Strategy Real-time Visibility Procurement Procurement team 130

ivalua

OCTOBER 1, 2020

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. Organizations cannot improve invoice match rates when there is no visibility into the root causes of match failures.

Real-time Visibility 130

Real-time Visibility Networking Supply Chain Efficiency Suppliers 130

IBM Supply Chain Blog

MAY 28, 2024

Virtually every organization recognizes the power of data to enhance customer and employee experiences and drive better business decisions. Yet, as data becomes more valuable, it’s also becoming harder to protect. What is a data protection strategy?

Data 81

Data Strategy Risk Real-time Visibility 81

ivalua

JUNE 1, 2022

When it comes to estimation-based forecasting, Amrest has been able to capture some data, but they need to have the right tools in place to effectively utilize their data sets. Overall, their strategy must move toward data-driven decision-making to provide real-time information visibility.

Real-time Visibility 130

Real-time Visibility Agile and Lean Supply Chain Supply Chain Efficiency Procurement 130

ivalua

AUGUST 17, 2021

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. It is not uncommon for organizations to spend time on supplier enablement without achieving a huge amount.

Real-time Visibility 130

Real-time Visibility Suppliers Innovation Contract 130

Procurement Leaders

JUNE 10, 2024

Just 1% of respondents to a poll Procurement Leaders conducted at the World Procurement Congress said they have “excellent” multi-tier visibility of the supply base. In real terms, this translates to three of those who responded to our poll claiming they had “cracked the code” of supply chain transparency. This is surprising.

e2e 100

e2e Real-time Visibility Supply Chain Efficiency Raw materials 100

ivalua

MAY 30, 2022

These autonomous ecosystems are connected by data that is continuously available to all stakeholders, optimizing information quality and improving decision-making. The financial benefits include greater profitability, reduced costs, accelerated time-to-market, and faster time-to-delivery. .

Supply Chain Efficiency 130

Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain Supply Chain Optimization 130