Arkestro

DECEMBER 26, 2024

As the procurement industry and supply chains become more tech-driven and complex, one fact is clear: companies that embrace industry trends will be best positioned to thrive in the challenging procurement landscape of 2025 and beyond. Here are five key trends that will shape procurement and supply chain management in the coming year.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

Finale Inventory

SEPTEMBER 17, 2024

This information aids in making informed decisions about inventory planning, pricing, and marketing strategies. Risk management is also an important part of inventory management. Businesses need to identify potential risks such as supply chain disruptions, market fluctuations, or shifts in customer preferences.

Inventory 52

Inventory Real-time Visibility Supply Chain Efficiency Management 52

World of Procurement blog

MAY 8, 2024

Key technologies changing the game in procurement include: E-Procurement Systems E-procurement software provides a centralized platform to manage the entire procurement process online. Conduct supply chain audits and due diligence on high-risk categories. Maintains relationships with suppliers.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Finale Inventory

JULY 22, 2024

However, MTO can have longer lead times and is more susceptible to delays from supply chain issues or production problems, which can affect customer satisfaction and sales. Steps Involved in MTS Successful MTS implementation starts with accurate forecasting and demand planning.

Inventory 52

Inventory Raw materials Order Fulfillment Supply Chain Efficiency 52

Empowering CPO

JUNE 26, 2023

Stronger supplier relationships lead to better pricing, improved service levels, and a more reliable supply chain. By analyzing data on market trends, demand patterns, and supplier capabilities, organizations can make informed decisions regarding sourcing strategies, supplier selection, and risk management.

Real-time Visibility 40

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

Empowering CPO

JUNE 27, 2023

Risk Mitigation: Category spend analysis helps identify potential risks associated with suppliers, such as single-source dependencies, supplier stability, or non-compliance issues. By proactively addressing these risks, organizations can minimize disruptions and ensure a reliable supply chain.

Procurement 40

Procurement Supply Chain Optimization Supplier consolidation Suppliers 40

SCMDOJO

DECEMBER 16, 2024

Inventory Management and Optimization Optimization and management of inventory is the ability to ensure product availability through inventory administration activities such as demand planning, stock optimization, and monitoring the age of the product. No need to pay exorbitant sums to software companies.

Material management 52

Material management Management Supply Chain Optimization Agile and Lean Supply Chain 52