Procurement Tactics

JUNE 8, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Inventory Management — Everything You Should Know Inventory management enables companies to ensure that they always have enough stock to fulfill customer orders. However, what is it?

Inventory 187

Inventory Management Real-time Visibility Inventory control 187

ivalua

FEBRUARY 25, 2021

Best-in-Class for Healthcare Supply Chain Management? Are ERP systems better than best-in-class supply chain solutions for managing healthcare supply chains? What are the pros and cons, and what supply chain strategy will pave the way to higher margins, improved supply chain risk management in healthcare and improved patient care?

supply chain budgeting 221

supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 221

SCMDOJO

MAY 7, 2024

Enhancing supply chain resilience as well as supply chain visibility is crucial in today’s interconnected world. The powerful concept of Supply Chain Visibility lies at the core of resilience. Supply Chain Visibility refers to tracking and monitoring the movement of goods, services, and information throughout the supply chain.

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Supply Chain Visibility Real-time Visibility e2e Supply Chain Optimization 96

ivalua

FEBRUARY 10, 2023

One way of doing this is by leveraging Source-to-Pay (S2P) solutions, which can provide procurement with the tools needed to manage their supplier relationships and identify opportunities for cost savings. Ivalua’s Contract Management module allows you to easily track milestones and consumption in real time across multiple agreements.

Price 264

Price Strategy Sourcing Real-time Visibility 264

Procurement Tactics

DECEMBER 6, 2022

Spend Management — The Ultimate Guide of 2023. Spend management is an important process to reduce losses and mistakes. However, how do you manage your spending? In this article, we will discuss what spend management is. We will tell you the challenges and benefits of spending management. What is Spend Management?

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Spend management Management Real-time Visibility Budget 172

Finale Inventory

FEBRUARY 19, 2024

This blog explores the strategic importance of returns and inventory management, illustrating how strategic returns can drive business success in the dynamic ecommerce environment. For customers, inadequate customer support leads can lead to delays, extending the time for processing and refunds.

Inventory 105

Inventory Real-time Visibility Management Quality 105

Procurement Tactics

JULY 20, 2023

However, with the advancement of technology, businesses now have access to software that simplifies and automate the entire order management process. In this article, we will explore what supplier order management software is, its benefits, and some of the best software options available in the market.

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supply chain software solutions Suppliers Management Purchase orders 134

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.

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Supply Chain Visibility Real-time Visibility e2e supply chain software solutions 97

Procurement Tactics

MAY 22, 2023

Integrated logistics, also known as integrated supply chain management, refers to the coordinated and seamless management of all the activities involved in the movement and storage of goods and materials. Efficiency in inventory management By integrating the different operations, inventory management can be significantly improved.

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

IBM Supply Chain Blog

OCTOBER 17, 2023

Real-time monitoring is vital for SAP BTP cloud-native applications. Overview of IBM Instana and its capabilities in the SAP BTP environment IBM Instana provides real-time monitoring and observability for SAP BTP applications. Why SAP BTP + IBM Instana? Currently, Instana supports SAP BTP Kyma cluster monitoring.

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Real-time Visibility Data Innovation Sourcing 76

Procurement Tactics

MAY 16, 2023

In a 4PL model, the external provider (also known as the lead logistics provider or LLP) manages and coordinates all aspects of the supply chain , including transportation, warehousing, inventory management, and distribution. 4PL providers usually offer more strategic insight and management over the company’s supply chain.

Logistics 211

Logistics supply chain budgeting Supply Chain Optimization Supply Chain Efficiency 211

Procurement Tactics

JUNE 19, 2023

AI in logistics refers to the use of AI-powered solutions to optimize supply chain management, improve decision-making and enhance customer experience. Artificial intelligence is being used to automate routine and time-consuming work in warehouses such as packing and sorting of goods which helps to improve efficiency, reduce errors and costs.

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

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

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.

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Supply chain management Supply chain management Agile and Lean Supply Chain supply chain budgeting 98

Supply Chain Brain

JUNE 27, 2024

In a time of extreme unpredictability, companies need to centralize inventory control. It’s imperative to drive agile decision-making by consolidating data across the network, employing advanced analytics, and enabling real-time visibility.

Inventory control 98

Inventory control Inventory Real-time Visibility Management 98

SCMDOJO

JULY 1, 2024

In today’s competitive landscape, efficient order management is no longer a luxury – it’s a necessity. This comprehensive guide deepens into order management best practices, equipping you with the knowledge and strategies to optimize your operations.

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Order Fulfillment Real-time Visibility Management Supply Chain Optimization 94

SCMDOJO

JANUARY 18, 2024

Globalization has sped up business growth and enhanced the need for management tasks. In the supply chain, order management and inventory management play significant roles in rapid growth. Business success requires efficiency and effectiveness in managing an increasing number of orders. What is Order Management?

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Supply Chain Optimization supply chain software solutions Supply Chain Efficiency Real-time Visibility 97

Supply Chain Brain

NOVEMBER 3, 2024

The French automaker joins forces with Shippeo, provider of a real-time logistics visibility platform, to shed manual processes and gain real-time visibility of parts moving from suppliers to its plants.

Real-time Visibility 94

Real-time Visibility Supply chain Logistics Management 94

SCMDOJO

AUGUST 28, 2024

Inventory management was rudimentary, often relying on manual processes and paper-based systems. This approach limited visibility and control over stock, leading to inefficiencies and potential stockouts. This focus on efficiency led to faster order fulfillment and improved inventory control.

Real-time Visibility 96

Real-time Visibility Supply Chain Optimization supply chain budgeting Supply Chain Efficiency 96

Spend Matters

OCTOBER 31, 2024

Visit our In-Depth Guide to Risk Management for an explanation of this complex environment. For today’s vendor viewpoint we spoke with Nick Francis, Chief Technology and Marketing Officer (CTMO) at Commercial Value Management specialist Brooklyn Solutions.

Risk management 91

Risk management Risk Management Real-time Visibility 91

ivalua

JUNE 29, 2020

I have some real context of this, living in NYC and having a family member that works at a hospital. While it is a difficult time, you have to also applaud the heroic efforts of this industry as a whole. Across this supply chain there is typically a lack of visibility due to siloed information and data. Share on Twitter.

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Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency Supply chain 219

Procurement Tactics

MAY 31, 2023

Inventory Control: What is it? Inventory control, also known as stock control, refers to the process of managing and regulating a company’s inventory levels to ensure efficient and cost-effective operations. It is a way for a company to manage its supply to make sure it has enough but not too much.

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Inventory control Inventory Real-time Visibility supply chain budgeting 174

Spend Matters

OCTOBER 31, 2024

As little as 10 years ago, we heard stories of pretty much indifference to risk: “supply risk management was young,” we heard, and “we didn’t worry too much about risk; we spent a very small percentage of our time on it.” But from my experience, each team does this very differently, with each using its own technology to manage risk.

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Risk management Risk Import Real-time Visibility 93

ivalua

JANUARY 13, 2021

– Spend control through real-time visibility into budget consumption, negotiated prices, preferred suppliers, engagement channels. Also, an eprocurement solution provides you with clean spend data, which is the basis for a sound spend analysis and eventually relevant category management. 100% of electronic POs.

Eprocurement 235

Eprocurement Real-time Visibility Purchase orders Budget 235

ivalua

JUNE 4, 2020

A review of the key elements in supplier management for manufacturers and how Source-to-Pay procurement technology can support the journey towards supply chain resilience and agility in times of crisis. There are many supply chain management lessons to learn from the Covid-19 crisis.

Agile and Lean Supply Chain 173

Agile and Lean Supply Chain Supply chain resilience Supply Chain Efficiency Supply chain 173

Spend Matters

OCTOBER 10, 2023

As business travel rebounds to pre-pandemic levels, finance leaders must leverage this window to reassess, re-evaluate, and re-imagine travel and expense management processes and strategies. Real-time expense automation is the future. Business travel isn’t going anywhere. And those predictions have certainly rung true.

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Real-time Visibility Management e2e Budget 103

Supply Chain Brain

FEBRUARY 21, 2024

Future-proofing supply chains to manage risk, boost real-time visibility, enhance sustainability, deploy AI effectively, and promote end-to-end collaboration is critical. The global economy is slowly recovering, but volatility remains a constant. Tick-tock…

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e2e Real-time Visibility Supply chain Supply 107

Procurement Insights

JUNE 6, 2024

So, how much supply chain visibility is “too much visibility” in relation to what happens at some unseen point down the chain? ” When does your visibility and corresponding responsibility start, and at what point does it end?

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e2e Supply Chain Visibility Real-time Visibility Supply chain 65

Spend Matters

FEBRUARY 22, 2024

Working within a resilient global supply chain results in complexities around basic matters like communication, time zones and languages, along with more challenging aspects like risk management, compliance and sustainability. Third-party risk management through a specialized vendor moves beyond the onboarding and intake process.

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Supply Chain Efficiency Real-time Visibility Management supply chain software solutions 92

Spend Matters

APRIL 4, 2024

Compliance and risk management is a growing and interesting use case of GenAI for procurement, finance and, of course, legal operations. Its uptake is only going to grow as organizations begin to rely on its power to tackle big business issues, such as third-party risk management (TPRM). 20 years ago, risk management was way simpler.

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Real-time Visibility Management e2e Risk management 85

Spend Matters

NOVEMBER 19, 2024

Visit our In-Depth Guide to Risk Management for an explanation of this complex environment. For today’s vendor viewpoint we asked Austin Fuller, Director, Product Marketing at supply chain risk management specialist Exiger Have you witnessed a significant change of appetite for risk-related tech over recent years from your customer base? “Yes,

Risk management 89

Risk management Risk Management Real-time Visibility 89

ivalua

JUNE 11, 2019

For the longest time, leading Procurement technology providers in my experience just ignored this space. The goal being to build in best practices that we’ve seen across our Public Sector customers, so that they are able to deploy and get up and running faster, thereby drastically reducing time-to-value.

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Procurement Real-time Visibility e2e Competitive bidding 169

ivalua

APRIL 27, 2023

Ivalua Spend Management Insights [ivory-search] A Balancing Act: Drive Sustainability while Managing Cost and Risk April 27, 2023 | | Supply Chain by Vishal Patel Cost, Risk, and Sustainability. The question is, how do you balance all three while maintaining continuous operations and generating revenue at the same time?

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Sustainability Risk Supply Chain Efficiency Agile and Lean Supply Chain 130

Procurement Heads

OCTOBER 12, 2022

The first thing I did was to strengthen the management of the procurement team. I reorganised the team to align to our main spend areas of IT, Corporate Services etc and added some strength to the management team. . Building the team and having greater visibility internally. We have made significant progress in that time.

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Chief Procurement Officer Real-time Visibility Procurement team Procurement 246

Procurement Tactics

OCTOBER 16, 2022

The system usually includes the management of contractors, subcontractors, construction accounting, payroll, and service operations in a central database. . The system gives the user accuracy, visibility, and control over whether the project can be profitable or not. Management of contractors. Management of subcontractors.

Real-time Visibility 130

Real-time Visibility Budget Inventory control Data 130

Procurement Tactics

JULY 23, 2023

The main goal of last mile logistics is to ensure that goods or services ordered by customers are delivered efficiently and on time. This tracking system enables real-time updates on the shipment’s whereabouts and estimated delivery time. Is last mile logistics relevant only for e-commerce businesses?

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Logistics Supply Chain Efficiency Supply Chain Optimization Real-time Visibility 209