Let's Talk Supply Chain

NOVEMBER 1, 2023

04.04] How the pandemic exposed vulnerabilities in supply chains worldwide, bringing the topic of risk to the fore; and the most significant lessons we learned. “No-one You’ve got to have a risk management plan, but if you don’t test it, how do you know it works?” No-one was prepared!

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ivalua

DECEMBER 6, 2022

Nowadays, Procurement practitioners primarily talk about emerging topics like the reduction of scope 3 emissions, supplier-enabled innovation and supply risk management. Many large organizations implement a Procure to Pay platform with the aim to deliver efficiency, visibility, simplicity, and compliance.

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Supply Chain Game Changer

APRIL 26, 2021

Common Mistakes in Importing and Exporting! Food importing and exporting article and permission to publish here provided by Emma Wilson. More business people shift their focus to the food commodity import and export. How do you establish your brand in the highly competitive food importing and exporting marketplace?

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Procurement Tactics

AUGUST 19, 2022

We will also share the benefits of vendor management that will captivate you to use it. . After reading this article, you will be able to manage the organization well through the best practices tips that we shared with you. You will also know how important vendor management is for the organization to manage its suppliers. .

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Supply Chain Collaborator

AUGUST 30, 2018

First and foremost, it is important for a shipper to develop a clear understanding of what they hope to achieve by automating transportation logistics processes. It is important to realize that automation is not a remedy for broken or otherwise compromised processes. Her TMS solution wish list includes: End-to-end execution.

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Let's Talk Supply Chain

AUGUST 12, 2024

Altana is the world’s first Value Chain Management System – a unified, comprehensive approach that goes far beyond supply chain risk management, with unprecedented visibility, contextualized netrt across business areas, and a collaborative network with end-to-end workflows to get jobs done.

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supply chain software solutions Supply Chain Optimization e2e Supply Chain Efficiency 52

Supply Chain Game Changer

OCTOBER 28, 2021

Lack of Visibility Beyond Tier 1. According to the 2021 Deloitte Chief Procurement Officer Survey, “Around 70% of CPOs felt that they had good visibility on the risks that existed in their direct (tier 1) suppliers. Yet only 26% were able to confidently predict risk within their supply bases. Dirty Little Secret #1.

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Supply Chain Opz

NOVEMBER 9, 2014

The list is presented in the order the responses were received in: 1) Andreas Wieland , Assistant Professor at Copenhagen Business School Successful supply chain management means that organizations are well-orchestrated in an end-to-end value network. Keep it Simple : It’s important to not over complicate things.

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Supply Chain Game Changer

FEBRUARY 14, 2022

Other than financial management, the CFO is the first line of defence for risk management. They’re required to identify risks early, understand them and offer solutions. Their scope of risk management cuts across all departments in an organization.

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Supply Chain Game Changer

MARCH 3, 2020

Disaster Recovery Planning and Risk Management processes are foundational elements of any effective Supply Chain operation and strategy. Docks and ports are working at a fraction of their capacity for both exporting and importing facilities. You must look holistically at the entire end to end Supply Chain.

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Supply Chain Game Changer

OCTOBER 6, 2020

Digital Supply Chain Visibility. The backbone of a Digital Supply Chain is the end to end electronic connectivity of every part of a Supply Chain. This connectivity enables real time visibility to what is going on in any Supply Chain, and hence enables real time decision making. Disaster Planning.

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Supply Chain Game Changer

NOVEMBER 16, 2022

The duties of procurement managers are diverse, ranging from creating solicitations to collaborating with vendors. The importance of digital procurement is increasing rapidly. Along with cost savings, procurement managers are focusing on optimizing and automating processes. Risk management. System Integrations.

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Supply Chain Efficiency Procurement Real-time Visibility Supply Chain Optimization 19

SCMDOJO

OCTOBER 14, 2023

Initially, these were managed manually, but the intrusion of digital technologies revolutionized it. It has made visible changes in the SCM systems. This new era is expected to explore new horizons in supply chain management. It manages pre-designed events for managing financial issues or transactions securely.

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IBM Supply Chain Blog

FEBRUARY 5, 2024

Envisioned to comprehensively address information and communications technology (ICT) risk management in financial services, DORA aims to harmonize existing regulations across EU member states. Article 7 of the draft RTS delves into cryptographic key management, emphasizing the importance of lifecycle management for cryptographic keys.

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Pipefy

AUGUST 18, 2023

Process discovery includes the identification and definition of activities and tasks comprising a process; its purpose is to make all stages in a process visible in order to ensure clear responsibility for each of those phases. In addition, employees are unlikely to have full visibility into the process beyond the tasks they perform.

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Supply Chain Game Changer

MAY 17, 2022

So it is important to be able to dramatically mitigate both the occurrence of those incidents as well as the time to resolution. Implementing several of these actions will reduce the incidence and duration of Supply Chain disruptions. There will always need to be an ability to react to and resolve those disruptions.

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IBM Supply Chain Blog

FEBRUARY 19, 2024

In today’s complex global business environment, effective supply chain management (SCM) is crucial for maintaining a competitive advantage. Having visibility into the status and location of goods as they move through the supply chain helps companies monitor supplier performance, identify bottlenecks and respond quickly to disruptions.

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supply chain software solutions Supply chain management Supply chain management Supply Chain Efficiency 81

Pipefy

MAY 21, 2024

Information technology (IT) is a standard component of businesses in virtually every sector, largely due to the increasing importance of data analysis. Winning the digital arms race also requires organizations to develop a road map for managing their IT infrastructure, which is where IT governance (ITG) comes into play.

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IBM Supply Chain Blog

FEBRUARY 13, 2024

In fact, in a 2022 survey , 73% of consumers said that traceability is important to them. It also can help optimize transportation costs and service-level agreements as well as improve inventory management and visibility. This technology can also help reduce the risk of regulatory non-compliance.

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Supply Chain Game Changer

NOVEMBER 27, 2019

Having a productive and efficient supply chain is very important for a business. In supply chain management, it is essential to keep all unnecessary costs mitigated. It is important to develop metrics and analytics that tell the story of your supply chain. Is Your Supply Chain Ready To Recover?

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Supply Chain Game Changer

MAY 18, 2021

It cannot be understated how important these topics are to our present and to our future. Clearly these are breakdowns in end to end Supply Chain Management which impact on nature and our environment. Active risk management and mitigation, inclusive of nature related impacts, is essential.

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Procurement Software

JUNE 20, 2023

Not only that, it also offers a single source of truth, having all of your contract documents and contract management data in one place. While this article focuses on procurement contract management software, some of these platforms also have features for Sales and Legal.

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Supply Chain Game Changer

JANUARY 26, 2021

From a business standpoint its important for Supply Chain professionals to enact both tactical and strategic measures to get through this situation. Tactically it is important to enlist the support of all of your colleagues and external companies to provide the resources you need to handle the workload.

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Supply Chain Game Changer

SEPTEMBER 17, 2019

More important, supply chain increasingly covers activities that companies use to differentiate themselves, such as asset velocity and last-mile delivery capabilities. What do these capabilities really mean in terms of the day-to-day realities of managing a supply chain?

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Agile and Lean Supply Chain Supply Chain Efficiency Supply chain Real-time Visibility 59

Barkers Procurement

AUGUST 2, 2023

Procurement leaders can lead functions to mitigate issues through: Identifying vulnerabilities with a full 360 risk assessment and enhanced transparency. What are the events impacting the end-to-end supply chain? How are suppliers managing the Cost of Goods Sold (COGS)?

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Jaggaer

DECEMBER 13, 2024

Or alternatively, as senior managers we only see the end results of procurement as figures on a spreadsheet or a financial statement, with little awareness of how they are arrived at and how they can be improved. To understand whats really going on we need, first, to step back and get a holistic view of the end-to-end process.

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Pipefy

JUNE 14, 2023

Visibility into procurement categories and effective management of categories fosters benefits like greater risk management and less costly supplier redundancies. ignoring the importance of data quality, 2. Spend analytics creates the visibility procurement teams need to complete a spend analysis.

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Pipefy

JANUARY 30, 2024

Because procurement teams provide critical insights to inform business strategy , identifying opportunities to cut costs is one of the most important ways they do this. This technology can build a self-service supplier onboarding process and experience that keeps suppliers in the loop from the very start without limiting their visibility.

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Agile and Lean Supply Chain Procurement Real-time Visibility Supply Chain Efficiency 52

Barkers Procurement

JANUARY 26, 2024

Stakeholders are becoming more demanding, and both suppliers and procurement functions are finding themselves managing more ESG priorities and having to meet more requirements. Procurement leaders can lead functions to mitigate issues through: Identifying vulnerabilities with a full 360 risk assessment and enhanced transparency.

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Barkers Procurement

JANUARY 26, 2024

Stakeholders are becoming more demanding, and both suppliers and procurement functions are finding themselves managing more ESG priorities and having to meet more requirements. Procurement leaders can lead functions to mitigate issues through: Identifying vulnerabilities with a full 360 risk assessment and enhanced transparency.

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Supply Chain Game Changer

SEPTEMBER 14, 2021

In our quest to emulate what the Japanese were doing, here in North America, we looked to import those techniques and philosophies. Just In Time was a part of that strategic aspiration and operational design point for our facility, but that vision came to senior management a little too late. Copyright © Mortson Enterprises Inc.

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Raw materials Real-time Visibility Supply Chain Efficiency Supply Chain Optimization 81

Pipefy

JANUARY 9, 2024

The benefits include cost savings increase, better decision making and risk management. Smart procurement leverages data to reduce risks across all procurement processes and identify opportunities for long-term and continuous forecasting and optimizations. Also, making sure your processes are scalable is a very important step.

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Agile and Lean Supply Chain Supply Chain Efficiency Procurement supply chain software solutions 52

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. What is procurement intake?

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Empowering CPO

JULY 16, 2023

This is where managed procurement services come into the picture. Managed procurement services can be defined as an external service that helps streamline a company’s acquisition processes, offering an end-to-end solution that takes into account all aspects of procurement – from sourcing to payment.

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World of Procurement blog

MAY 8, 2024

Information must flow constantly to enable planning and management of inventory, production scheduling, order fulfillment, and more. Importance and Benefits of Effective Supply Chain Management An optimized supply chain is critical for business success and profitability. Proactive risk management prevents major losses.

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Pipefy

MAY 23, 2023

It also provides visibility into your entire invoice workflow, from issuance to payment. End-to-end integrations A new digital procurement tool may replace a few software systems in your tech stack. Document management Digital contract management should be included in any e-procurement tool; it’s that important.

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Pipefy

AUGUST 10, 2023

In contrast, process intelligence automatically and continuously acquires data at scale, resulting in clear visibility into an organization’s journey towards improving its processes. Reading recommendation: What Is Workflow Management? The people involved are also crucial to process modeling.

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