Arkestro

DECEMBER 5, 2024

So it’s no surprise that the future of manufacturing now lies in a technology that combines all of those high-end innovations: Predictive Procurement. Arkestro allows them to quickly adapt to changing market conditions and component availability and focus on quality and innovation within their complex manufacturing processes.

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Procurement Insights

JANUARY 3, 2025

20202024: Procurement as a Strategic Business Partner Accelerated Evolution During the COVID-19 Pandemic : The pandemic underscored procurement’s role in ensuring supply chain resilience , managing disruptions, and navigating shortages.

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Arkestro

DECEMBER 26, 2024

Within procurement, sustainability is the process of integrating environmental, social, and governance (ESG) goals into procurement, purchasing, and supply chains, which helps build a circular economy. Sustainability means considering social and environmental factors alongside purely financial and economic ones.

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IBM Supply Chain Blog

SEPTEMBER 20, 2021

Supply chain pundits from industry and academia point out that it is possible for businesses to strike a balance between just in time and just in case. In this blog, let’s explore best practices that drive supply chain resiliency with this definition at the core. Why is supply chain resiliency important?

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Jaggaer

FEBRUARY 28, 2025

However, the top three procurement challenges featured in the Hackett Group report demand immediate attention: slashing spending costs, securing supply chain resilience, and modernizing outdated operating models. Solutions: Strategic Sourcing: Move beyond transactional purchasing and embrace strategic sourcing.

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Procurement Tactics

DECEMBER 21, 2022

The complexity of today’s supply chain makes it more prone to severe impacts from disruptions, just like what happened at the start of the pandemic. . Due to this, many organizations have put supply chain resilience as a top priority. Examples of Collaborative Efforts by Huge Companies.

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Planergy

MARCH 18, 2025

Helping organizations spend smarter and more efficientlyby automating purchasing and invoice processing. Common disruptions such as economic instability, vendor delays, natural disasters, and supply shortages uniquely challenge schools due to tight budgets and rigid schedules. What's PLANERGY? directly impact procurement budgets.

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Procurement Templates

SEPTEMBER 14, 2023

For example, a product with a lower purchase price may have higher long-term operational and disposal costs. This collaboration can involve joint efforts to reduce waste, improve energy efficiency, and develop innovative, eco-friendly products. LCAs can also reveal hidden costs associated with unsustainable practices.

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Jaggaer

APRIL 9, 2025

The need to innovate, automate and contain costs calls for optimum performance across the manufacturing value chain. Reduced inventory: A manufacturing execution system updates inventory records with new production so that purchasing, shipping, and planning departments always know exactly what material is available.

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Strategic Sourceror

OCTOBER 27, 2022

Shoring up staff is a good way to increase supply chain resiliency, which companies are trying to do more of today to ensure theirs has what it takes to stay together when it's taxed in the future. This way, suppliers and retailers can align their respective work processes. Brought to you by the StrategicSourceror.

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Empowering CPO

JUNE 14, 2023

But before we venture into the depths of innovation in this field, let’s first establish what procurement really is. Importance of Innovative Procurement Models In the era where change is the only constant, innovation has become a necessity rather than a luxury. Introduction A. Understanding Procurement A.

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SCMDOJO

JUNE 28, 2024

Overcoming these challenges requires a collective effort from organizations, leaders, and individuals to create a more inclusive and supportive environment for women in the supply chain. Why Supply Chain is a Great Career Choice for Women? Maryna has: 5 years of experience in procurement training and consulting.

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Spend Matters

OCTOBER 24, 2023

Here’s how Onventis describes itself: “We are pioneers in cloud-based solutions, transforming purchasing and finance processes since 2000. Our commitment to innovation in the digital transformation of procurement processes is unwavering. Supply chain resilience is becoming increasingly critical.

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IBM Supply Chain Blog

JUNE 30, 2023

These healthcare industry supply chain issues are equally urgent, and each require immediate attention. The good news is, it’s possible to alleviate these perilous pain points by building healthcare supply chain resilience. Doing so streamlines purchasing power and optimizes inventory management.

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ivalua

DECEMBER 14, 2020

What we learned about agility and resilience can be applied to future-proof the source-to-pay (S2P) process and help organizations meet any new challenge with confidence. Resilience and that ability to react quickly to change makes Procurement a much more strategic part of the organization, than if they focus only on reducing costs,” he said.

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Supply Chain Game Changer

APRIL 15, 2020

When I hear the word startup I think instantly of tech, innovation, market expansion, disruption, new products, and exciting opportunity. What I’m getting at is… don’t be afraid to be an early adopter or co-innovator. Do your thoughts align with that mental picture described above? Publications.

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Arkestro

JANUARY 4, 2023

But if there’s one advantage, it’s that crisis creates change and the potential for innovation. At the same time, they’ll need to watch and prepare for future economic downturns and supply chain disruption. Disruptions became so common Collins Dictionary named 2022’s word of the year permacrisis.

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Una

OCTOBER 12, 2023

Understanding Offshoring, Onshoring, Nearshoring, and Rightshoring in Procurement Explore the nuances between offshoring and other approaches to procurement and how each one can impact the bottom line, supply chain resilience and overall strategic objectives.

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Zycus Cognitive Procurement

DECEMBER 15, 2022

Here are the 7 supply chain management trends for 2023 – Building agile supply chain ecosystems. Managing supply chain risk. Improving supply chain analytics. Enhancing supply chain resilience. Improving supply chain sustainability. Conclusion.

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Supply Chain Game Changer

MAY 5, 2021

Now, the top Supply Chain professionals are those who can find those efficiencies, while providing a strong customer experience that safeguards the company’s brand. But in the post-COVID-19 world, with its renewed focus on resilience, it looks like more organizations might be listening. Then came COVID-19. But what do you think?

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World of Procurement blog

MAY 8, 2024

Procurement differs from purchasing in a few key ways: Strategic focus : Procurement has a strategic, long-term focus on analyzing spend, reducing costs, managing supplier relationships, and mitigating risk. Purchasing is more transactional and tactical. Purchasing focuses specifically on the buying transaction.

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Arkestro

NOVEMBER 7, 2023

Or, it can finally elevate itself into a strategic value-add, driving innovation across more than procurement functionalities alone. When Procurement Drives Innovation: Two Johnson & Johnson Pandemic Wins During the COVID-19 pandemic, Johnson & Johnson was one of the foremost creators of an accelerated vaccine against COVID-19.

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Arkestro

OCTOBER 3, 2024

From an increasing regulatory landscape to new automotive innovations, it’s never been more important for procurement professionals to find new ways to reduce costs, eliminate inefficiencies, and stay updated on the latest industry trends. They include safety equipment, office supplies, cleaning, IT, rental cars, and others.

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Supply Chain Trend

AUGUST 13, 2020

It also requires a clear understanding of the environment in which the organization operates, so scenario planning must go extend beyond the enterprise to encompass value-chain dynamics and end-to-end supply chain resilience. Decisions from an IBP meeting need to be made in the light of the company’s vision and strategy.

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IBM Supply Chain Blog

MAY 17, 2024

As these innovations are dynamically reshaping the commerce journey, it is crucial for leaders to anticipate and future-proof their enterprises to embrace the new paradigm.  Only 14% of surveyed consumers described themselves as “satisfied” with their experience purchasing goods online.

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Zycus Cognitive Procurement

JANUARY 24, 2023

Procurement professionals who can define, execute and implement strategic planning processes are required for resilient and innovative procurement functions. Key processes to automate include contract management, vendor management, invoicing, purchase orders, purchase requisitions.

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TYA Suite

JULY 17, 2024

Relies on manual processes for sourcing, negotiation, and Focuses on cost reduction through competitive bidding and bulk purchasing. Integrates digital procurement strategies to enhance efficiency, transparency, and innovation. Foster strategic relationships with key suppliers to drive innovation, improve quality, and mitigate risks.

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IBM Supply Chain Blog

FEBRUARY 9, 2023

The journey to more resilient and intelligent supply chains begins with enterprise modernization. IBM Consulting is uniquely positioned to help clients digitally transform by combining innovative ways of working with leading technologies and leveraging multidisciplinary IBM industry experts.

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SCMDOJO

APRIL 11, 2025

These innovations have enabled Amazon to maintain operational efficiency and competitive pricing (Pymnts, 2005). Secure Financial Stability Across the Supply Chain A resilient supply chain depends on strong financial management.

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Empowering CPO

JUNE 9, 2023

It is the process of sourcing, negotiating, and purchasing the goods and services a business requires to carry out its operations. This can range from raw materials for production, to office supplies, to strategic partnerships. Examples include cost savings, cost avoidance, and purchase price variance. Introduction A.

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Procurement Supply Chain Efficiency Agile and Lean Supply Chain Quality 52

Empowering CPO

JUNE 30, 2023

Procurement is no longer just about sourcing goods and services; it’s about creating strategic alliances, driving innovation, and adding value to the organization. Our solutions are not just about reducing costs; they’re about creating value, fostering innovation, and driving business growth.

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Supply Chain Game Changer

MARCH 18, 2021

This means piloting new technology, expanding spending on R&D, driving supplier-led innovation projects, and more! Interestingly enough (as seen in the figure below), 47% percent of respondents in the 2020 Deloitte CPO Flash Survey said they are planning to expand their overall supply base, while 25% of respondents plan to consolidate.

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World of Procurement blog

MAY 8, 2024

What is Supply Chain Management (SCM) Supply Chain Management (SCM) is the management of the flow of goods, services, information and finances as they move from raw materials to final product, from manufacturer to consumer. Industries like technology and fashion often use agile supply chains.

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Empowering CPO

JUNE 27, 2023

Spend analysis involves the systematic examination of purchasing data to gain insights into spending patterns, supplier performance, and potential areas of improvement. Organizations can leverage spend analysis data to assess supplier performance, identify opportunities for collaboration and innovation, and nurture long-term partnerships.

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Arkestro

JULY 18, 2022

One of the most critical lessons learned during the global pandemic and its aftermath has been the importance of supply chain resilience. The good news is that these two goals are not mutually exclusive—in fact, sustainability can be a big part of building a more resilient supply chain. .

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Let's Talk Supply Chain

MARCH 2, 2025

Remember, staying proactive and adaptable is key to overcoming supply chain challenges. Insights and Conclusions As we navigate through the intricate web of the supply‍ chain,one thing is ‍clear: its effects ripple through every aspect of our lives.

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NLPA (Next Level Purchasing Association)

NOVEMBER 26, 2024

Whether it’s adapting to global uncertainties, embracing digital tools, or stepping up security efforts, the lessons learned in 2024 will help businesses stay resilient and ready for the future. As AI tools become more accessible, 2025 will likely see an expansion of AI-driven innovations in the field.

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