Procurement Tactics

DECEMBER 21, 2022

After taking the time to read this article, you will have a deeper understanding of what supply chain collaboration is all about. Thus, allowing you to know if your decision is right when the time comes you are going to collaborate in the supply chain. . Enhanced ethical standards. Defining Supply Chain Collaboration.

Collaboration 199

Collaboration Supply Chain Optimization Supply Chain Efficiency Supply chain 199

Procurement Insights

JANUARY 3, 2025

Integration with Sustainability Goals : CFOs began to value procurement’s contributions to corporate social responsibility (CSR) , particularly in sourcing ethically and supporting sustainability initiatives. CFOs valued procurement’s ability to align financial and operational goals using data analytics.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Procurement 52

Procurement Insights

FEBRUARY 18, 2025

Impact on PO Automation & Collaboration: Difficulties in real-time data exchange for PO confirmations, shipment tracking, and pricing updates. Solution Trend: Increased use of AI-driven procurement tools that enable automated order matching, supplier self-service portals, and real-time PO updates.

Purchase orders 52

Purchase orders Collaboration Purchasing Suppliers 52

Jaggaer

APRIL 9, 2025

This ensures just-in-time (JIT) or just-in-sequence (JIS) delivery to reduce inventory costs. Direct material management involves demand forecasting, inventory control, and warehouse operations. Tools and methods used include real-time tracking, RFID, and AI-driven route optimization.

Agile and Lean Supply Chain 52

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

Procurement Insights

APRIL 13, 2025

buyers, suppliers) interacting based on real-world commodity traits (e.g., It prioritizes centralized visibility and departmental empowerment over rigid ERP systems, achieving 23% savings in tests (e.g., This loopback refines decisions without human intervention, though Hansen would stress human oversight for ethics (2009 post,).

Real-time Visibility 52

Real-time Visibility Agile and Lean Supply Chain Supply Chain Optimization Data 52

Jaggaer

FEBRUARY 5, 2025

Optimizing source-to-paythrough digital transformation streamlines every stage of your procurement strategy, improving visibility, efficiency, and collaboration. These begin with enhanced visibility. Digital S2P platforms provide real-time insights into supplier performance, contract compliance, and spending patterns.

Supply Chain Efficiency 52

Supply Chain Efficiency Sourcing e2e Real-time Visibility 52

Let's Talk Supply Chain

MARCH 3, 2025

Enhanced visibility across the supply chain is also crucial, as organizations look to minimize disruptions and improve overall operational efficiency. From automated warehouses to artificial intelligence-powered predictive analytics, the industry is witnessing a rapid evolution towards streamlined operations and enhanced visibility.

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Efficiency Logistics supply chain budgeting 52

ivalua

JUNE 1, 2022

Overall, their strategy must move toward data-driven decision-making to provide real-time information visibility. Creating fuller visibility into supplier risks, Amrest has the power and intel to switch localizations or deliver from different warehouses, creating a stronger supply chain. .

Real-time Visibility 130

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

Jaggaer

OCTOBER 24, 2024

In times of pressure and crisis , highly responsive and trustworthy suppliers make agility possible. Following widely-known standards keeps your vendor options open so you’re not locked into sourcing from a small pool of specialty suppliers that can negatively impact time to market. Performance and stability can waver.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

ivalua

SEPTEMBER 19, 2022

Loss of sales and market share are the most visible and measurable impacts. Under pressure to quickly identify new sources of supply, due diligence has–at times been reduced, thereby increasing the likelihood of quality issues, unknowingly supporting forced labor, or exposing organizations to fraud. Increasing Supplier Visibility.

Risk management 130

Risk management Supply Chain Efficiency Supply Chain Optimization Risk 130

SCMDOJO

APRIL 24, 2024

Whether it will be worth it, only time will tell. The amplified visibility lets companies verify the authenticity and provenance of products, reduces the risk of counterfeiting, and helps ensure regulatory compliance. An expensive one, we dare say. Blockchain and supply chain transparency We can’t complete our list without blockchains.

Supply Chain Efficiency 90

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization supply chain budgeting 90

ivalua

MAY 6, 2021

These include faster co-innovation with suppliers, working with sustainable and ethical suppliers and empowering employees — all of which will lead to increased business agility. . Smart software shifts from drilling down on existing data to alerting up, so managers can respond to events or trends in real time. .

supply chain software solutions 130

supply chain software solutions Procurement Agile and Lean Supply Chain Supply Chain Efficiency 130

IBM Supply Chain Blog

FEBRUARY 28, 2024

This helps reduce errors to improve data quality and response times to questions, which improves customer and supplier satisfaction. The ability to make these sourcing decisions in real-time can help increase profits during peak demand periods and better meet customer expectations.

Sourcing 94

Sourcing Strategy Supply Chain Efficiency e2e 94

TYA Suite

NOVEMBER 15, 2024

This transparency is a game-changer because it enables all parties to view the same information in real time. Every transaction and movement of goods is recorded on the blockchain, enabling stakeholders to track products from the manufacturer to the end customer in real-time.

Supply Chain Efficiency 40

Supply Chain Efficiency Procurement Real-time Visibility supply chain software solutions 40

TYA Suite

APRIL 13, 2025

Heres why this matters toyou: Whether youre a small business owner, a team leader, or someone curious about streamlining workflows, understanding a can save time, money, and stress. See real-time updates (e.g., Shipment arriving Friday). The system stores details like delivery times, product quality, and pricing history.

Management 40

Management Procurement Real-time Visibility Budget 40

IBM Supply Chain Blog

FEBRUARY 19, 2024

They need strong SCM practices to help work out the logistics of transporting goods across long distances and through multiple countries without creating longer lead times or delays. Advanced software tools can automate some parts of forecasting, providing real-time updates and alerts when inventory levels are too high or low.

supply chain software solutions 81

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

TYA Suite

DECEMBER 16, 2024

Ethical and sustainable sourcing is no longer just a trend; its a commitment to doing business responsibly. For eco-friendly businesses, sourcing products and materials ethically means prioritizing fair labor practices, minimizing environmental damage, and supporting sustainable suppliers. What is the Meaning of Ethical Sourcing?

Ethics 40

Ethics Sustainability Sourcing Supply Chain Efficiency 40

Procurement Tactics

SEPTEMBER 13, 2022

A sustainable supply chain is one that fully integrates ethical and environmentally responsible practices into a successful and competitive model. The complexity of the supply chain can hinder visibility into crucial operational considerations such as labor conditions at a supplier’s factory that is miles away. Machine Learning.

Supply Chain Efficiency 183

Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain Sustainability 183

IBM Supply Chain Blog

MAY 1, 2024

Here are some ways generative AI is transforming supply chain management: Sustainability Generative AI helps to optimize companies’ supply chains for sustainability by identifying opportunities to reduce carbon emissions, minimize waste and promote ethical sourcing practices through scenario analysis and optimization algorithms.

Supply Chain Optimization 78

Supply Chain Optimization Agile and Lean Supply Chain Supply Chain Efficiency Supply chain 78

Jaggaer

MARCH 6, 2025

Procurement technology should support: Sustainable Sourcing : Tools to evaluate suppliers based on their sustainability credentials, carbon footprints, and ethical practices. Spend Analysis: Offering detailed visibility into spending patterns, enabling cost optimization.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement supply chain budgeting Sustainability 52

SCMDOJO

JUNE 17, 2024

Port congestion at the main global crossroads in recent times has revealed the susceptibility of supply networks to logistical constraints. Technology Integration and Automation Increase supply chain visibility and prediction capabilities by implementing blockchain, artificial intelligence (AI), and the Internet of Things (IoT).

Supply Chain Efficiency 98

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

Skill Dynamics

JANUARY 23, 2025

The IoT allows physical devices to connect to one controlled network, enabling real-time data collection and analysis across the entire chain. Integrating IoT devices such as GPS trackers of RFID tags allows companies to have clear visibility over inventory levels, transportation conditions, and even production processes.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting Innovation 52

Planergy

FEBRUARY 24, 2025

While less visible, these procurement areas are crucial for maintaining a functional educational environment. Embrace Technology: Digital Transformation in Procurement Modern procurement technology is like a sophisticated GPS for resource managementproviding real-time insights, predictive analytics, and streamlined workflows.

Procurement 52

Procurement supply chain budgeting Supply Chain Efficiency Budget 52

SCMDOJO

AUGUST 15, 2024

Email hosting has emerged as a pivotal tool in modernizing these communication channels, enabling real-time collaboration and data sharing. Email hosting facilitates this by allowing multiple stakeholders to connect effortlessly, share documents, and update project statuses in real-time.

Retail Supply Chain 98

Retail Supply Chain Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization 98

SupplyShift

MARCH 27, 2023

STANDARD ASSESSMENT Supplier ESG Assessment A social, environmental and business ethics performance assessment for your suppliers. Drive sustainability performance The Supplier ESG Assessment helps you get started on your journey towards understanding social, environmental, and business ethics practices throughout your supply chain.

Suppliers 52

Suppliers Real-time Visibility Ethics Supply chain 52

Una

APRIL 27, 2023

In some cases, the entire purchase may need to be re-evaluated or renegotiated, leading to wasted time and resources. Without procurement expertise, a purchase may not be compliant with regulations or company policies, risking legal, ethical, or reputational issues. Then there’s the compliance angle.

Procurement 98

Procurement Real-time Visibility Purchasing Risk 98

Planergy

MARCH 24, 2025

How to gain visibility and control of your indirect spend. There are a few out-of-the-box ways you can ethically bring in additional revenue. It automates invoice approvals, reconciliations, and payment processes to reduce administrative overhead, improve accuracy, and provide real-time financial insights.

Sustainability 52

Sustainability Real-time Visibility Spend management Innovation 52

IBM Supply Chain Blog

SEPTEMBER 1, 2023

Another common social engineering scam is domain name spoofing (also called DNS spoofing), in which cybercriminals use a fake website or domain name that impersonates a real one—e.g., ‘applesupport.com’ for support.apple.com—to trick people into entering sensitive information.

Real-time Visibility 101

Real-time Visibility Networking Ethics Data 101

Finale Inventory

AUGUST 4, 2024

By tracking raw materials at every stage, you gain insights into lead times, quality control measures, and potential issues that could affect your production timeline. By knowing the exact quantity of each material in your inventory, you can avoid stockouts and prevent disruptions in your production process.

Raw materials 52

Raw materials Inventory Real-time Visibility Strategy 52

The Network Effect

DECEMBER 4, 2015

Best Buy – The one-time poster child victim of show rooming, has fought back admirably with sound omnichannel strategies and tactics embracing today’s retail realities. Nordstrom – Bringing their customer service ethic to omnichannel innovations in differentiating customer service strategies and tactics.

Real-time Visibility 40

Real-time Visibility Ethics Strategy Networking 40

Supply Chain Game Changer

JANUARY 22, 2020

Devices that are part of the IoT help manufacturers track all their necessary parts globally, in real time. This helps them better manage product levels in their inventory and optimize it for better efficiency in all their locations. They can also share with their customers up-to-date shipping times and delays.

Supply Chain Efficiency 66

Supply Chain Efficiency Supply Chain Optimization Supply chain Real-time Visibility 66

Finale Inventory

SEPTEMBER 4, 2024

Defining Supply Chain Traceability In straightforward terms, supply chain traceability means having full visibility and transparency across the entire supply chain. How Finale Inventory Enhances Traceability By utilizing Finale Inventory’s features , small businesses can boost their supply chain traceability in several ways.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Inventory 52

Spend Matters

MARCH 25, 2024

Having led multiple projects to select and deploy technologies and worked both as a practitioner and a consultant, he knows the amount of time and effort procurement puts into finding a practical solution to help them run more efficiently, and that spurred his move to form iKinetiq. “A

Procurement contracts 124

Procurement contracts Contract Procurement Negotiation 124

Let's Talk Supply Chain

MARCH 26, 2023

Today I’m joined by Blume Global , a market-leading, sustainability-focused software brand that is removing a huge $1 trillion of waste from the global supply chain, and making logistics processes more agile, dependable, and sustainable with innovative execution and visibility solutions.

Real-time Visibility 52

Real-time Visibility Agile and Lean Supply Chain Supply Chain Optimization supply chain software solutions 52

SCMDOJO

JUNE 6, 2023

Data analytics plays a central role in inventory optimization. It provides real-time visibility into stock levels, lead times, and demand patterns. Businesses can make precise forecast demand, identify obsolete inventory, and can use data analytics to make smart decisions about stock allocation and replenishment.

Supply Chain Optimization 72

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency supply chain software solutions 72

Procurement Heads

AUGUST 2, 2023

Additionally, it felt like the right time for a new challenge, as I had spent nearly 24 years with my previous employer. Increase in cyber-attacks hindering our supply chain which is a current real threat. I made the transition after having an in-depth conversation with John Murphy and other Executives of the company.

Supply chain 130

Supply chain Real-time Visibility Sustainability Procurement strategies 130

Supply Chain Game Changer

APRIL 12, 2022

With the stakes so high it should be no surprise that the very prospect of supply continuity issues can create fear and wreak havoc on the time, focus, and mental well-being of Supply Chain professionals. By whatever means necessary (always ethical and legal of course) Supply Chain must get goods flowing again as quickly as possible.

Supply chain 111

Supply chain Supply Inventory Real-time Visibility 111