Let's Talk Supply Chain

MARCH 3, 2025

Furthermore, supply chain resilience continues to be a top priority for businesses, with an emphasis on diversifying sourcing locations and building agile, responsive supply networks. Enhanced visibility across the supply chain is also crucial, as organizations look to minimize disruptions and improve overall operational efficiency.

Supply Chain Optimization 52

Supply Chain Optimization Logistics Supply Chain Efficiency supply chain budgeting 52

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.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

SCMDOJO

FEBRUARY 5, 2025

Comprehensive Curriculum: MCIPS covers a broad spectrum of topics, from procurement principles and strategies to contract management, negotiation, and ethical considerations. Think of it as the gold standard for procurement professionals. It provides a holistic view of the procurement landscape.

Procurement 59

Procurement Real-time Visibility supply chain budgeting Supply Chain Optimization 59

IBM Supply Chain Blog

FEBRUARY 13, 2024

For sourcing teams, that means pivoting their mindset around selecting suppliers from a tactical, lowest-cost-above-all approach to a strategic one. Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals. And from that group, 71% would pay a premium for it.

Strategic sourcing 78

Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 78

SCMDOJO

APRIL 24, 2024

These technologies can examine huge portions of data from multiple sources, and recognize patterns and tendencies that would be impossible for humans to discern. Whether it will be worth it, only time will tell. 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. . According to Jones, the most interesting examples of automation are the tasks performed by rare and inexpensive sourcing and procurement professionals.

supply chain software solutions 130

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

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.

Ethics 40

Ethics Sustainability Sourcing Supply Chain Efficiency 40

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. Few knew until impacted.

Risk management 130

Risk management Supply Chain Efficiency Supply Chain Optimization Risk 130

ivalua

JUNE 1, 2022

Overall, their strategy must move toward data-driven decision-making to provide real-time information visibility. Although Amrest utilizes a sourcing process, the liquidity gap blocks past analyses and data. . Additionally, historical data can provide a more accurate breakdown of initial startup costs.

Real-time Visibility 130

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

Procurement Tactics

SEPTEMBER 13, 2022

From raw materials sourcing to production, storage, and delivery, it monitors if these processes may cause harm to the environment and communities. . A sustainable supply chain is one that fully integrates ethical and environmentally responsible practices into a successful and competitive model. Machine Learning. Blockchain.

Supply Chain Efficiency 183

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

IBM Supply Chain Blog

FEBRUARY 19, 2024

Why supply chain management matters Supply chain management involves coordinating and managing all the activities involved in sourcing , procurement, conversion and logistics. 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

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

Supply Chain Game Changer

JULY 3, 2019

But, as stakeholders in the future of tomorrow, we also have to be conscious about the necessary steps to realize sustainable impact, for real. So, what are the steps that need to be taken in businesses globally to make real sustainable impact? Sustainability is created at the source of our products, services, and consumption.

Sustainability 58

Sustainability Sourcing Supply Chain Efficiency Real-time Visibility 58

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

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

World of Procurement blog

MAY 8, 2024

It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations. Sourcing : Procurement uses competitive bidding, e-sourcing, and supplier development. What is Procurement?

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 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. Maintain an updated risk inventory that includes historical data, current threats, and emerging risks. Risk Analysis: Evaluate each risk’s impact and likelihood.

Supply Chain Efficiency 98

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

Empowering CPO

FEBRUARY 11, 2024

Introduction In the ever-evolving landscape of procurement, organizations are turning to strategic sourcing services to navigate the complexities and achieve sustainable success. The Power of Data-Driven Decision-Making At the core of successful strategic sourcing lies the ability to make informed decisions based on robust data analysis.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sustainability Sourcing 52

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

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

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

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

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 That’s an inherent risk in all things GenAI.

Procurement contracts 120

Procurement contracts Contract Procurement Negotiation 120

Finale Inventory

AUGUST 4, 2024

From sourcing to production, each material has its own path before becoming part of the final product. 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.

Raw materials 52

Raw materials Inventory Real-time Visibility Strategy 52

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. 32.00] The future for Blume. “We

Real-time Visibility 52

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

Empowering CPO

JUNE 22, 2023

Introduction Welcome to our complete guide on the role of spend analysis in strategic sourcing. In the ever-evolving world of business, strategic sourcing has become a linchpin in corporate success. But how do we fuel the engine of strategic sourcing? The answer lies in the powerful tool of spend analysis.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

IBM Supply Chain Blog

OCTOBER 12, 2023

Connecting AI models to a myriad of data sources across cloud and on-premises environments AI models rely on vast amounts of data for training. Once trained and deployed, models also need reliable access to historical and real-time data to generate content, make recommendations, detect errors, send proactive alerts, etc.

Data 76

Data Real-time Visibility Ethics Sourcing 76

IBM Supply Chain Blog

NOVEMBER 3, 2022

When your sourcing team chooses what to buy and who to buy from, are you selecting vendors who share the same social values as your brand? If you haven’t been thinking about these questions, the time to start is now. Inventory positioning: Visibility across your entire network allows you to optimize the fulfillment of each order.

Supply Chain Efficiency 107

Supply Chain Efficiency Agile and Lean Supply Chain Sustainability Supply Chain Optimization 107

IBM Supply Chain Blog

OCTOBER 16, 2023

An AI governance framework ensures the ethical, responsible and transparent use of AI and machine learning (ML). Open-source projects, academic institutions, startups and legacy tech companies all contributed to the development of foundation models. Foundation models can use language, vision and more to affect the real world.

Risk 70

Risk Management Ethics Real-time Visibility 70

World of Procurement blog

MAY 10, 2024

This supports strategic sourcing efforts. This maximizes value from sourcing partnerships. Spend Analysis and Classification with AI AI and machine learning are transforming spend analysis and classification, providing procurement teams with unprecedented visibility into organizational spending.

Procurement team 52

Procurement team Procurement Real-time Visibility Supply Chain Efficiency 52

Spend Matters

MARCH 11, 2024

For our readers who couldn’t/didn’t attend, here are our own reflections based on the time we had ( if we missed you, apologies, but do reach out to us here to get your procurement tech solution in front of our analysts ). So cleansing of SMFs is vital, even though it takes time.

Procurement strategies 107

Procurement strategies Innovation Strategy Procurement 107

World of Procurement blog

APRIL 23, 2024

The procurement of materials is a vital process in supply chain management, involving the timely acquisition of high-quality goods and services at the most economical prices from reliable suppliers. This process not only influences the direct cost of production but also affects the overall efficiency of the project or organization.

Procurement 52

Procurement Inventory control supply chain budgeting Real-time Visibility 52

World of Procurement blog

APRIL 23, 2024

The procurement of materials is a vital process in supply chain management, involving the timely acquisition of high-quality goods and services at the most economical prices from reliable suppliers. This process not only influences the direct cost of production but also affects the overall efficiency of the project or organization.

Procurement 52

Procurement Inventory control supply chain budgeting Real-time Visibility 52

Procurement Heads

JULY 27, 2022

It is really important that those lessons, the understanding of dual sourcing, low-cost country sourcing and all of the mix of what was talked about a lot 10 years ago is re-understood and the relevant risks mitigated. . Have you got tangible evidence of what you are saying?

Buyers 130

Buyers Supply chain Procurement Sustainability 130

Jaggaer

DECEMBER 13, 2024

Its an integrated, end-to-end process that unifies procurement and finance, helping organizations streamline purchasing, minimize delays, and ensure timely payments. By standardizing procurement activities, organizations gain visibility over spending, strengthen supplier relationships, and optimize cash flow management.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Real-time Visibility e2e 52

TYA Suite

NOVEMBER 15, 2024

If a supplier is struggling with cash flow or facing bankruptcy, it may not be able to fulfill orders on time or maintain the quality of its products. In today’s socially conscious market, consumers are increasingly aware of and concerned about the ethical standards of the companies they support.

Risk management 40

Risk management Risk Suppliers Strategy 40