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Technology Support in Integrated Business Planning: Automation, Augmentation and Human Centricity

Supply Chain Trend

Preview In his 2019 Foresight article, Niels van Hove examined eight technological hurdles that must be overcome to enable autonomous or ‘lights out’ supply-chain planning. He reasoned that to support such planning we need to implement a third wave of integrated supply-chain planning software. Key Points.

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How do rising interest rates and inflation affect global supply chains?

EazyStock

Supply chain managers and inventory management professionals face a constant barrage of supply chain crises, with one always waiting around the corner. With every crisis comes the potential for supply chain disruption that can cause chaos for stock-holding businesses. Global supply chains.

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Why Predictive Procurement in Health and Pharma is the Future

Arkestro

Procurement and sourcing teams worked tirelessly to find solutions to disrupted supply chains. In the June 2020 Harvard Business Review article, “ Why Investing in Procurement Makes Organizations More Resilient ,” the pandemic’s impact on global supply chains is directly addressed. Take the Next Step.

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Effective Strategies to Minimize Inventory Shrinkage with Finale Inventory | Ecommerce

Finale Inventory

In the dynamic world of ecommerce, inventory shrinkage can also be influenced by factors such as seasonality, sudden market shifts, and supplier inconsistencies. Additionally, the rise of omnichannel retailing and the increasing complexity of supply chains have introduced new challenges to inventory management.

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Procurement Metrics: Key Performance Indicators for Success

Empowering CPO

By measuring key aspects of the procurement process, these metrics provide insights that can drive significant improvements in cost-efficiency, operational performance, and supply chain resilience. However, not all these metrics will directly influence strategic objectives. That’s where KPIs come in.

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2011 To 2025: The Evolution Of How The C-Suite And Boardroom Views Procurement

Procurement Insights

Technology Adoption in Early Stages : Adoption of procurement software was growing but not yet widespread, with many organizations relying on manual or semi-automated processes. This evolution reflects broader changes in business priorities, technological advancements, and the increasing complexity of global supply chains.

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The Impact of Digital Transformation on Spend Analysis

Empowering CPO

Financial Systems: Integration with financial systems, such as Enterprise Resource Planning (ERP) software, general ledgers, and accounts payable systems, can provide insights into expenditure across different departments and business units. These systems offer a centralized source of data for spend analysis.