This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Originally published in the 2022 ProcureCon Report “Transforming Procurement: Embracing Digital Innovation and Driving Sustainability” Ethical business practices and sustainability initiatives are forcing organizations to not only stand up, but to also set themselves apart from the competition by implementing ESG and CSR commitments.
At Ivalua, we’ve seen how a Procure-to-Pay business process ensures sustained benefits through good buying practices, improves visibility and swifter issue resolution, and enables proactive management of suppliers. Solution: Automate end-to-end processes. Pain-Point: Manage supplier risk and visibility.
Orbital Insight Inc, a geospatial software and analytics company, released its Supply Chain Intelligence solution to help organizations better understand their multi-tier supply chains, respond to disruptions, get competitive intelligence and advance sustainability initiatives.
Enhancing supply chain resilience as well as supply chain visibility is crucial in today’s interconnected world. The powerful concept of Supply Chain Visibility lies at the core of resilience. Supply Chain Visibility refers to tracking and monitoring the movement of goods, services, and information throughout the supply chain.
To what degree does a breakdown or inefficiency at one point have a ripple effect through the other E2E touchpoints? So, how much supply chain visibility is “too much visibility” in relation to what happens at some unseen point down the chain?
A recent report by Maersk and Reuters Events highlights that 68% of companies are making supply chain visibility and monitoring solutions a top priority. The Visibility Challenge: Why Seeing Clearly Matters A major insight from the report is the visibility gap, particularly with tier 2 and tier 3 suppliers.
Your customers, employees and shareholders want to know you have a plan to address supply chain sustainability. Supply chain sustainability is defined as embedding environmental, social or corporate governance considerations as raw materials are sourced, converted to products and delivered to market.
Future-proofing supply chains to manage risk, boost real-time visibility, enhance sustainability, deploy AI effectively, and promote end-to-end collaboration is critical. The global economy is slowly recovering, but volatility remains a constant. Tick-tock…
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.
At Ivalua, we’ve seen how a Procure-to-Pay business process ensures sustained benefits through good buying practices, improves visibility and swifter issue resolution, and enables proactive management of suppliers. Solution: Automate end-to-end processes. Pain-Point: Manage supplier risk and visibility.
Consumers also expect transparency – in product origin, quality standards, and how organizations are improving their environmental and sustainability efforts. . High levels of visibility reduce supply chain risk and address sustainability initiatives, such as tracking a product’s full line of custody.
Everything You Need to Know End-to-end process and end-to-end solution may be one of the most overworked phrases in business and IT. That said, many organizations, including large enterprises, may not think in terms of source to pay as an end-to-end process, if they think about it at all.
By prioritizing robust security measures and compliance protocols, TecPlata ensures the integrity of the supply chain from end to end. Through the deployment of advanced technologies, such as blockchain and IoT devices, TecPlata guarantees end-to-endvisibility and traceability, fostering trust and reliability among stakeholders.
For these reasons, many high-end supply chain organizations are investing their money into visibility solutions to get a better handle on their supply chains. Why is visibility so important? Reduced costs Ultimately, visibility boils down into long-term operational efficiency.
Join us on a journey to discover the strategies and principles that propel businesses toward a more secure and sustainable future. This includes: Implementing end-to-end encryption to secure data in transit and at rest. Utilizing privileged access management to restrict access to critical systems and data.
Sustainable Procurement Course Maintain profitability while moving toward sustainability 4. Integration of different logistics activities provides visibility of the entire operation to key stakeholders and management, which can lead to better decision-making based on solid data. Why is it important?
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. Which leaves 28% of those who responded admitting that the visibility they have is “not great” and, at best, goes as far as Tier-1. This is surprising.
Visibility. Visibility into other key inventory (e.g., Automate to ensure consistent service levels Without real-time demand sensing combined with visibility into performance across supplier networks, increasing grid/energy demands for consumers and growing communities can lead to product excess or shortages.
They consider factors—like supplier performance or sustainability —that support long-term partnerships, advance business needs and increase purchasing power. Successful strategic sourcing often results in process optimization, cost management, customer satisfaction, risk management , increased sustainability and other benefits.
Viparis has chosen Ivalua and CKS to equip its Procurement department with a software suite that meets the challenges of an exceptional deadline for the 2024 Olympic Games in Paris and will help sustain the Group’s growth. With Ivalua, we benefit from a fully integrated, end-to-end process that meets this goal perfectly.
. Automotive supply chain facts Up to 50 percent of unscheduled downtime is due to a lack of spare parts or stockouts ( The Importance of Inventory Optimization in MRO, July 2015 , Aberdeen Group) Generally, 99% of [semiconductor] manufacturing foundries have no visibility where the part is going. Why is this happening?
Sustainable Procurement Maintain high profitability while moving toward sustainability 4. Sustainable Procurement Course Maintain profitability while moving toward sustainability 4. These tools allow for automated, integration to suppliers and visibility in procurement data at any time.
Today I’m joined by GateHouse Maritime , a market-leading ocean tech brand that is using its expertise and deep industry knowledge to make ocean visibility simple. GateHouse Maritime delivers next-generation data insights for end-to-end ocean visibility. What’s important is that you try to plan better!
Sustainable Procurement Course Maintain profitability while moving toward sustainability 4. Additionally, integrating automated systems and tools for inventory tracking and management can increase productivity by saving time and providing real-time visibility into inventory status. Inventory Management Software 1.
Leverage new technologies (machine learning, AI, IoT) for visibility across the end-to-end supply chain. Enact sustainability practices throughout the delivery process.
Sustainable Procurement Maintain high profitability while moving toward sustainability 4. This integration enables businesses to have real-time visibility into order status, inventory levels, and supplier performance, enabling them to make informed decisions and respond quickly to changing market demands.
Once an organization has the complete Strategic Payment cycle in place CFOs can use the end-to-endvisibility to control bottom-line growth with targeted programs. . They can also set up agreeable terms for suppliers who align with their overall diversity and sustainability missions.
3 steps to building healthcare supply chain resiliency Step 1: Improve visibility and proactivity Hospital systems work with multiple fragmented teams, technologies and processes to manage daily operations, leading to a pervasive lack of data visibility. Supply expenses escalate due to over-ordering, waste and emergency orders.
The global food supply chain is an interconnected and complex network that doesn’t always follow a linear path: while some companies are responsible for providing their data requirements, they may also rely on upstream parties for previous historical visibility.
Many large organizations implement a Procure to Pay platform with the aim to deliver efficiency, visibility, simplicity, and compliance. Procurement as end-to-end process owner . while optimizing the needs for efficiency, simplicity, visibility, and compliance. But there are two issues in practice.
Effective supplier management ensures quality control, risk mitigation, and compliance with sustainability and ethical sourcing standards. Risk & sustainability management monitors geopolitical, environmental, and supplier-related risks. Third, sustainability and ESG concerns have emerged in recent years.
In sourcing, the AI can rapidly analyze supplier options based on pricing, quality, sustainability and other factors to identify optimal partners, while also predicting performance to mitigate risk. These AI-powered source-to-pay innovations will empower our clients to balance cost, risk and sustainability and become more agile and resilient.
Today Will Urban, Chief Revenue Officer at Flexport, joins me to chat all about the company and what they do; making sustainability a priority; the importance of providing visibility and control in a fragmented industry; and why global trade is a force for good. 41.15] The future for Flexport. “We 41.15] The future for Flexport.
Configuration is a far more logical and sustainable approach. Our Public Portal provides public access to solicitation, awarded contracts, analytics, and details of the end-to-end bid management process to provide greater visibility, context, and supplier inclusion for active and planned solicitations.
The impending changes include connected, end-to-end, value chains, and more intelligent, automated, and autonomous distribution systems. This gives the supply chain manager not only greater visibility into the supply chain itself, but also visibility into the supply chain stakeholder dynamics within or even outside the organization.
The biggest implication of this new imposition on procurement process is that now procurement managers have to deliver suppliers that are cost conscious and timely in their operations but at the same time can adapt to the changing demands of end customers. All of these aspects impact procurement processes.
Value chain : Transparency in operations and across multiple supplier tiers gives you visibility into potential gaps in supply continuity. Information sharing through supplier collaboration supports effective inventory management and enables you to plan proactively while identifying risks such as shortages and delays.
S2P is the end-to-end process that encompasses all the activities between an organization and its suppliers. By gaining visibility into spending patterns, demand, supplier performance, and supply markets–opportunities will be uncovered. Ready to revolutionize your S2P process? Let’s get started below!
In August 2020 Gartner published this report “4 Tactics Procurement Can Use to Sustain Influence as Economic Conditions Improve” This blog summarizes the key points of the report which you can read in full, here. Procurement Teams Step-up. When Covid-19 hit, supply chains across the globe nearly came to a halt.
Perttu Nihti, Chief Product Officer, spoke about setting the stage for a touchless future by addressing major industry trends, such as AI innovation and automation, increasing fraud, regulatory compliance, labor shortages, the importance of data and sustainability and ESG considerations.
Suppose you stay ahead of trends like AI optimization, blockchain transparency, and sustainable practices. Top Logistics Trends in 2024 As businesses seek higher efficiency and resilience, the supply chain trends for this year reflect a resumed focus on digitization, sustainability, and agility. billion by 2026.
Despite the cataclysmic disruption caused by the pandemic, inertia will prevent real and sustainable progress from being made. Supply Chain and it’s importance is more visible than at any time in history. And having the courage to implement these changes will be the real test of leadership. The pandemic has brought this about.
Following months of debate based on extensive knowledge of the many procurement technologies they have reviewed, analysed and benchmarked, they arrive at a list of five young providers that they believe are innovative and exciting, have a rapidly rising presence in the market, can grow sustainably and which every CPO should have on their radar.
We organize all of the trending information in your field so you don't have to. Join 69,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content