Planergy

SEPTEMBER 5, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Using financial tools can help save time and resources while improving accuracy in the budgeting process. Why is Business Budgeting Important? Budgeting should be part of regular financial planning.

supply chain budgeting 92

supply chain budgeting Budget Real-time Visibility Spend management 92

Supply Chain Game Changer

AUGUST 21, 2022

Subscribe to Supply Chain Game Changer. Supply Chain’s Moment of Truth Has Arrived! A solid supply chain and logistics strategy is essential for large companies. Logistics plays a critical role in a company’s supply chain. Another important aspect of logistics is time.

Supply Chain Efficiency 104

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting Logistics 104

Procurement Tactics

MARCH 16, 2023

Additionally, we will talk about the importance and how you can implement strategic procurement. It aims to ensure that the goods and services that the business needs are delivered on time and purchased within the budget. Why is it important? In this article, we will discuss what strategic procurement is.

Procurement 238

Procurement Procurement strategies supply chain budgeting Contract management 238

IBM Supply Chain Blog

SEPTEMBER 6, 2023

Budgeting, an essential pillar of financial planning for organizations, often presents a unique dilemma known as the “Budgeting Paradox.” ” Ideally, a budget should give the most accurate and timely idea of anticipated revenues and expenses. It’s not about dismissing traditional budgeting.

Budget 82

Budget Collaboration Data Strategy 82

Procurement Tactics

MAY 22, 2023

Additionally, we will tell you the advantages of having integrated logistics in your supply chain. Thus, this will enable you to implement it in your supply chain. Defining goals Defining your goals involves establishing clear targets for reducing costs, improving efficiency, and enhancing customer satisfaction.

Logistics 207

Logistics supply chain software solutions supply chain budgeting Supply Chain Optimization 207

Procurement Tactics

JUNE 19, 2023

In this article, we will explore the role of AI in logistics, discuss its importance, and the best practices for implementing AI in logistics. AI in logistics refers to the use of AI-powered solutions to optimize supply chain management, improve decision-making and enhance customer experience. What is AI?

Logistics 193

Logistics supply chain budgeting supply chain software solutions Real-time Visibility 193

SCMDOJO

MARCH 25, 2022

In the current era, it is clear that new modes of production are concomitant with new modes of distribution, which advances the field of logistics, the science of physical distribution or even supply chain management. Reminder of Key Definitions – Logistics & Supply Chain Management. Rider (1970)). Bowersox, David J.

Supply Chain Efficiency 138

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization Logistics 138

Procurement Tactics

MAY 30, 2023

In this article, we will discuss what procurement managers do and their importance in procurement. Once you are done reading this article, you will know the importance of a procurement manager. Why Are They Important? This is a crucial responsibility as it helps the organization to reduce costs and increase profitability.

Management 178

Management supply chain budgeting Procurement Negotiation 178

ivalua

JUNE 1, 2022

From this discussion, we compiled a list of 8 critical supply chain management activities that to improve, build, and maintain supply chain resilience now and in the years to come. But building an agile, resilient supply chain doesn’t happen overnight; it requires forethought and planning.

Supply chain resilience 130

Supply chain resilience Supply Chain Efficiency Agile and Lean Supply Chain supply chain budgeting 130

SCMDOJO

JANUARY 23, 2023

If you want to gain more supply chain analytics knowledge, you’re in the right place. We’ve compiled a list of 10 great supply chain analytics books to help you better understand the concepts and strategies behind this vital business field.

Supply Chain Analytics 131

Supply Chain Analytics Supply Chain Optimization supply chain software solutions supply chain budgeting 131

SCMDOJO

APRIL 4, 2023

If you’re in the business world, you’re probably always looking for ways to streamline your supply chain operations. Luckily, supply chain analytics is here to help! But like any new technology, there are hurdles to overcome when implementing supply chain analytics.

Supply Chain Analytics 111

Supply Chain Analytics supply chain budgeting Supply Chain Optimization Supply Chain Efficiency 111

Procurement Tactics

MAY 16, 2023

Thus, you will know what operational model will work better for your supply chain. A fourth-party logistics , typically known as 4PL, is an operational model where a business outsources its entire supply chain and logistics to a single external provider. 4PL: What is it?

Logistics 211

Logistics supply chain budgeting Supply Chain Optimization Supply Chain Efficiency 211

SCMDOJO

JUNE 7, 2023

The supply chain industry has been evolving rapidly since the pandemic outbreak. As a result, the industry is growing, changing, and becoming more demanding, increasing the importance of language skills more than ever. Let’s learn how language is an important skill in supply chain and operations management.

supply chain budgeting 85

supply chain budgeting Supply Chain Efficiency Supply chain Import 85

SCMDOJO

MARCH 15, 2023

If you are in the supply chain industry, you are probably well aware of the constant need to optimize processes and improve communication between stakeholders. And one of the most promising innovations in recent years is ChatGPT for supply chain. If you are not familiar with ChatGPT, don’t worry!

Supply Chain Optimization 126

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 126

ivalua

MARCH 16, 2021

They discussed the impact of the Covid-19 pandemic on Procurement and came up with this list of 8 critical supply chain management activities that can help Procurement teams build and maintain supply chain resilience now and in the years to come. Why is visibility so important?

Supply chain resilience 130

Supply chain resilience Supply Chain Efficiency Agile and Lean Supply Chain supply chain budgeting 130

SCMDOJO

APRIL 29, 2024

Are you interested in understanding how businesses effectively manage their supply chains? Look no further – this guide is here to help you grasp the fundamentals of supply chain management (SCM) and how it can lead to success. It encompasses activities such as procurement, supplier selection, and evaluation.

Supply chain management 95

Supply chain management Supply chain management Agile and Lean Supply Chain supply chain budgeting 95

Supply Chain Game Changer

FEBRUARY 25, 2022

Subscribe to Supply Chain Game Changer. For example, it does not take an advanced degree like a supply chain management MBA degree to know that you need a good inventory and transit system for successfully running a supply chain. Budget Your Expenses. appeared first on Supply Chain Game Changer™.

Import 107

Import supply chain budgeting Budget Supply chain 107

IBM Supply Chain Blog

NOVEMBER 3, 2022

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.

Supply Chain Efficiency 107

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

Let's Talk Supply Chain

MARCH 8, 2024

In today’s episode of Women In Supply Chain, I’m joined by Lisa Dolan – a multi-award-winning supply chain professional, board member and speaker, dedicated to empowering women and girls across the industry. That’s why this award is so important to Food Logistics and Supply & Demand Chain Executives.

supply chain budgeting 96

supply chain budgeting Supply Chain Optimization Supply chain Supply 96

Supply Chain Game Changer

NOVEMBER 3, 2022

Subscribe to Supply Chain Game Changer. Thoughts on Future Challenges and the Strategic Direction of Supply Chain! Supply chain management is an important aspect of every business because it ensures your business gets the supplies, resources, and materials it needs to fulfill services or deliver products to customers.

supply chain budgeting 115

supply chain budgeting supply chain software solutions Supply Chain Efficiency Supply chain 115

Supply Chain Game Changer

OCTOBER 30, 2022

Subscribe to Supply Chain Game Changer. How to Reduce Software Development Cycle Time! In this article, we’ll take a closer look at why the product discovery phase is so important and discuss some of the key activities that take place during this stage. Why is the Discovery Phase Important? Subscribe Here!

supply chain software solutions 98

supply chain software solutions Import supply chain budgeting Budget 98

SCMDOJO

MARCH 28, 2023

Blockchain technology is revolutionizing the way businesses manage their supply chains. By providing a secure and transparent way to track products from their origin to their final destination, blockchain for supply chain can help increase efficiency, reduce costs, and improve trust between suppliers and customers.

Supply Chain Efficiency 115

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization supply chain software solutions 115

ivalua

OCTOBER 13, 2022

The majority of organizations consider supply chain transparency to be a top priority, however less than a third are satisfied with the level of visibility into their suppliers. Most organizations continue to suffer from severely limited visibility in the lower levels of their supply chains. About the research.

Supply Chain Efficiency 130

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

SCMDOJO

MARCH 19, 2024

In today’s fast-paced business landscape, having an efficient supply chain department is more important than ever. A streamlined supply chain can make a significant impact on the overall success of a business, improving operational efficiency, increasing customer satisfaction, and driving revenue growth.

Supply Chain Optimization 90

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

ivalua

JUNE 26, 2023

Blog » Procurement on the Thames: Ivalua’s London Summer Symposium June 26, 2023 | | Thought Leadership by Eloise Barnum As businesses navigate through supply chain disruptions, high inflation, and sustainability initiatives, procurement, and supplier management has taken center stage in driving change.

Supply Chain Efficiency 244

Supply Chain Efficiency Strategic sourcing Strategic sourcing Procurement 244

Procurement Templates

NOVEMBER 21, 2024

Master Budgeting: Practice building and managing procurement budgets aligned with organizational goals. Analyze Total Cost of Ownership (TCO): Incorporate factors like lifecycle costs, maintenance, and disposal into purchasing decisions. SAP, Oracle) Procurement software (e.g., Coupa, Ariba) Data analytics tools (e.g.,

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain budgeting Supply Chain Optimization supply chain software solutions 130

SCMDOJO

MAY 2, 2024

The COVID-19 pandemic, along with disruptions such as Brexit, trade wars, and geopolitical tensions, has highlighted the need for business leaders to take a closer look at their supply chains to strike a balance between resilience and efficiency. Enroll in the Full Course offered by our expert Vera Rozanova on Supply Chain Resilience!

Agile and Lean Supply Chain 86

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Supply Chain Optimization 86

Procurement Tactics

OCTOBER 18, 2022

Supplier relationship management software is a very important factor for procurement managers to strengthen their relationship with their suppliers. We will also tell you the reason why it is important to manage supplier relations in your business. . Supplier relationships are very important to every organization.

Supplier relationship management 181

Supplier relationship management supply chain software solutions Suppliers Management 181

Let's Talk Supply Chain

DECEMBER 28, 2023

As the year draws to a close, we can look back on all the progress women in supply chain made this year and the powerful gains ahead. 2023 marks the year women in supply chain returned to the post-pandemic workforce in full force. Let’s Talk Supply Chain is committed to closing the remaining gender gap.

supply chain budgeting 105

supply chain budgeting Supply chain Supply Leadership 105

Procurement Tactics

JULY 4, 2023

The model is also used to compare the actual cost of production to the estimated cost and to identify areas where costs can be reduced. It is a powerful tool that helps procurement and supply chain professionals to evaluate and negotiate pricing with suppliers effectively and favorably and achieve cost savings.

Raw materials 209

Raw materials supply chain software solutions supply chain budgeting Price 209

SCMDOJO

JUNE 14, 2023

As a business owner, you always seek ways to increase efficiency and decrease costs. As supply chain professionals, we must understand the role of Effectiveness & Efficiency in Supply Chain Optimization But while you may have already implemented changes, you feel like there’s still something missing to decrease your cost.

Supply Chain Efficiency 104

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting Supply chain 104

Let's Talk Supply Chain

MARCH 21, 2024

2024 has brought a fresh sense of urgency to the global supply chain amidst growing regional wars and tensions, and calls from climate scientists have kept sustainability initiatives a top priority. The supply chain isn’t getting any less complicated. Women in supply chain motivate us.

supply chain budgeting 98

supply chain budgeting Supply chain Supply Logistics 98

SCMDOJO

MARCH 19, 2024

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.

Supply Chain Visibility 92

Supply Chain Visibility Real-time Visibility e2e supply chain software solutions 92

SCMDOJO

JUNE 21, 2023

The Supply Chain as a Service (SCaaS) market has experienced significant growth in recent years, with even greater potential ahead. SCaaS is a technology-driven approach to managing supply chains, offering comprehensive end-to-end solutions for businesses. Let’s delve into this emerging concept.

Supply Chain Optimization 103

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting supply chain software solutions 103

ivalua

SEPTEMBER 28, 2020

It breaks the bond between Buyer and Supplier, resulting in fragile supply chains and lots of mistrust. When this started for me, I’d hoped that after twenty years of evolution, AP would be touchless, compliant and low cost. Is there a budget and contract (the purchase order is a contract) for these items?

supply chain budgeting 237

supply chain budgeting Purchase orders Networking Buyers 237

SCMDOJO

SEPTEMBER 24, 2024

Make vs Buy Analysis is an essential decision-making tool in supply chain management that significantly influences profitability, flexibility, and competitiveness. It helps businesses decide whether to produce goods internally (make) or source them externally (buy), weighing costs, quality, scalability, and capacity.

Supply Chain Efficiency 82

Supply Chain Efficiency supply chain budgeting Supply chain management Supply chain management 82

Supply Chain Game Changer

SEPTEMBER 19, 2022

Subscribe to Supply Chain Game Changer. The supply chain management industry has undergone many changes in recent years. The introduction of IoT devices to the supply chain, the rise of edge computing, and its ability to increase connectivity and efficiencies, have changed how businesses operate across industries.

Supply Chain Efficiency 100

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Supply chain 100