Procurement Tactics

MAY 16, 2023

By streamlining the supply chain and logistics processes, 4PL providers not only enhance supply chain visibility but also reduce labor costs by allowing employees to concentrate on strategic activities instead of doing mundane tasks.

Logistics 211

Logistics supply chain budgeting Supply Chain Optimization Supply Chain Efficiency 211

Procurement Insights

DECEMBER 3, 2024

Collaborative efforts between buyers and suppliers, along with better tools, education, and incentives, can help overcome these barriers and foster a more sustainable supply chain.

Chief Procurement Officer 58

Chief Procurement Officer Supply Chain Efficiency Influencing Supply chain resilience 58

ivalua

JANUARY 31, 2022

in October 2021*, the highest in more than three decades, as measured by the Consumer Price Index (CPI). Disruptions in global supply chains, labor market shortages, strong consumer demand. How can we mitigate technical, logistical, weather-related, and demand-driven supply chain disruptions?

Procurement 130

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

ivalua

JUNE 16, 2021

MENA countries import a lot of food; disrupted supply chains and price increases mean potential food shortages. Why did MENA organizations react with such urgency? There are several reasons: Revenue from oil and tourism dropped abruptly in 2020. Enter eProcurement.

Eprocurement 130

Eprocurement Supply Chain Optimization Agile and Lean Supply Chain Procurement team 130

Supply Chain Game Changer

OCTOBER 14, 2021

Here’s a look at the top six challenges on the horizon, and how supply chain executives can embrace them. Crude oil prices are a simple litmus test for economic performance—namely in how they affect the cost of fuel prices, which affect freight rates. Increasing demand for supply chain visibility.

Supply Chain Efficiency 76

Supply Chain Efficiency Supply chain Real-time Visibility Supply 76

Procurement Tactics

JUNE 5, 2023

ChatGPT & AI in Procurement Course Unleash the power of ChatGPT & AI within procurement The Benefits of The Global Supply Chain Here are some of the benefits of using a global supply chain: 1. Complexity Global supply chains are complex, involving numerous participants, resulting in increased costs and delays.

supply chain budgeting 192

supply chain budgeting supply chain software solutions Supply Chain Optimization Supply Chain Efficiency 192

ivalua

APRIL 6, 2021

Contract management software can help to improve contracting efficiency, enable better supply chain visibility and management of obligations, improve contract compliance and help to reduce exposure to risk. . Why is it Important to Manage Contracts?

Contract 130

Contract Management Contract management e2e 130

IBM Supply Chain Blog

MARCH 21, 2023

Supply chain visibility has been the missing link since the shockwaves of 2020 rippled throughout the world and consumers felt the impacts of broad-based supply chain issues. But what does supply chain visibility mean? The bottom line is your bottom line.

Real-time Visibility 77

Real-time Visibility Supply Chain Efficiency Agile and Lean Supply Chain Supply chain 77

Supply Chain Brain

MAY 7, 2018

to the complex exercise of pricing. of course, has the potential to affect multiple stages and functions of the supply chain. But pricing — given its dependence on a host of ever-changing factors — seems an especially fertile target for the technology. pricing model. “If In its purest form, A.I. Can the A.I.-driven

Price 40

Price Raw materials Supply Chain Optimization Supply chain 40

Supply Chain Game Changer

SEPTEMBER 7, 2021

Subscribe to Supply Chain Game Changer. Supply Chain Visibility Has Never Been More Important! I also started hearing anecdotally that used car prices were going through the roof. In some cases used vehicles were apparently being sold for more than the price of the equivalent new vehicle.

Supply Chain Optimization 80

Supply Chain Optimization Supply chain e2e Real-time Visibility 80

Jaggaer

OCTOBER 24, 2024

Enhancing collaboration pays off, both by increasing transparency with suppliers and improving the bottom line through multi-tier supply chain visibility.

Collaboration 52

Collaboration Supply Chain Efficiency Suppliers Real-time Visibility 52

Supply Chain Game Changer

JULY 2, 2021

As detailed in a New York Times analysis of the crisis, these shortages are raising prices for many common household goods, contributing to inflation. In short, a year into the pandemic, many supply chains are in a knot. It’s yet another example of how vital supply chain management is to today’s global economy.

Agile and Lean Supply Chain 105

Agile and Lean Supply Chain Supply Chain Efficiency e2e Supply chain 105

SCMDOJO

AUGUST 16, 2023

The CPFR program has been instrumental in enhancing overall supply chain visibility and efficiency, allowing Walmart to respond promptly to fluctuations in demand and supply, reducing stockouts, and optimizing inventory levels. Suppliers may resist pressure to reduce prices further to maintain their margins.

Supply Chain Efficiency 98

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

Una

OCTOBER 17, 2023

Frank is the Director of Market Strategy at Cleo, where he is focused on helping companies get ahead and stay ahead despite persistent supply chain complexity. The basics of group purchasing Group purchasing refers to the practice of businesses or organizations coming together to purchase goods or services at a discounted price.

supply chain budgeting 81

supply chain budgeting Real-time Visibility Supply Chain Efficiency Supply chain 81

Arkestro

DECEMBER 12, 2022

It’s vital that supplies are predictable, so you can get the products and services you need. To address supplier challenges, you must ensure your preferred providers can meet your changing needs and that you have a diverse supply base. Supply Chain Visibility. Supply chain visibility is another critical issue.

Real-time Visibility 52

Real-time Visibility Procurement e2e Raw materials 52

SCMDOJO

APRIL 29, 2024

A well-established sourcing strategy helps businesses secure the best quality materials at the most competitive prices. Transportation and Logistics: Managing transportation logistics, especially in global supply chains, can be complex and costly.

Supply chain management 98

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

IBM Supply Chain Blog

APRIL 3, 2023

Fleet Forces Command, together with its partners, to better plan, predict and balance food supplies while reducing supply chain risks. The project (and the technology powering it) incorporates both internal and external data, and can adjust for resource constraints, sudden capacity changes and commodity pricing.

e2e 63

e2e Supply Chain Visibility Supply chain Data 63

Supply Chain Game Changer

AUGUST 3, 2021

Inventory levels and Accounts Payable can be huge consumers of cash unless your Supply Chain is efficient. No other function has its fingers on the pulse of the operations of a company like Supply Chain.

Supply Chain Efficiency 119

Supply Chain Efficiency Supply chain e2e Real-time Visibility 119

FourKites

DECEMBER 23, 2020

To effectively manage all the moving parts – and to drive continuous improvement – supply chain leaders must optimize their staff resources at every stage of the journey. Real-time supply chain visibility can significantly reduce wasted time across your operations. 3: Control Your Transportation Spend.

Supply Chain Efficiency 52

Supply Chain Efficiency Real-time Visibility supply chain budgeting Supply Chain Optimization 52

World of Procurement blog

APRIL 23, 2024

Technology Integration: Utilizing modern technology like Building Information Modeling (BIM) for better supply chain visibility and coordination. Construction Contracts Contracts are the backbone of procurement in construction, defining the scope of work, pricing, timelines, and responsibilities.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain budgeting Procurement Agile and Lean Supply Chain 52

World of Procurement blog

APRIL 23, 2024

Technology Integration: Utilizing modern technology like Building Information Modeling (BIM) for better supply chain visibility and coordination. Construction Contracts Contracts are the backbone of procurement in construction, defining the scope of work, pricing, timelines, and responsibilities.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain budgeting Procurement Agile and Lean Supply Chain 52

EazyStock

MARCH 17, 2021

Transportation failures can be the effect of some of the other disruptions listed here, but they also qualify as their own supply chain disruption with cargo theft, shipping damage, even changing regulations. Supply chain management has entered the realm of digitalization, receiving all the benefits and challenges that come with it.

Supply Chain Optimization 78

Supply Chain Optimization Supply Chain Efficiency supply chain software solutions supply chain budgeting 78

NLPA (Next Level Purchasing Association)

JANUARY 17, 2023

Many business leaders are looking to their supply teams to increase supply reliability and reduce supply costs. Moreover, “Pricing” management remains critical. Price Risk: The possibility that prices for goods or services could be adjusted to your organization’s disadvantage.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Procurement Spend management Cost of ownership 52

Supply Chain Game Changer

NOVEMBER 19, 2018

In areas such as E-Commerce the Supply Chain is instrumental in arranging delivery strategies such as Same-Day delivery and Drop Shipping, along with reducing freight costs to support Free Shipping services. End to End Supply Chain Visibility and the Internet of Things (IoT). How important is Supply Chain now?

Agile and Lean Supply Chain 84

Agile and Lean Supply Chain supply chain budgeting Supply chain Raw materials 84

Procurement Leaders

JUNE 13, 2022

Supply chain resiliency is also a critical objective for HS2, as the industry contends with challenges including commodities, hyperinflation of material prices, deficits in skilled labour and changing consumption habits. Supply market constraints – including price rises, haulage issues and capacity shortages.

Supply Chain Efficiency 130

Supply Chain Efficiency Supply chain Contract Supply 130

SCMDOJO

JUNE 17, 2024

Port congestion at the main global crossroads in recent times has revealed the susceptibility of supply networks to logistical constraints. Logistics operations are becoming more complex and expensive due to changes in restrictions, labor shortages, and rising fuel prices.

Supply Chain Efficiency 98

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

Jaggaer

OCTOBER 3, 2024

Next, supplier benchmarking is a really important lever: our customers see significant savings if they continuously review pricing. We’ve also seen disruptions to supply with shipping being targeted in the Red Sea. First, organizations need to get full supply chain visibility. Which are our strategic suppliers?

Supply Chain Optimization 52

Supply Chain Optimization Agile and Lean Supply Chain Supply Chain Efficiency Contract 52

The Good Spending

JUNE 15, 2022

The new supplier selection will be based on POC or prototypes, where the technical evaluation will prevail over price. The decision-making may involve plans to modify the product specifications, prices, terms, or vendors to enhance the product quality or reduce cost. Examples: framework agreements, Vendor-Managed Inventories.

supply chain budgeting 52

supply chain budgeting Buyers Agile and Lean Supply Chain Supply Chain Optimization 52

Supply Chain Game Changer

NOVEMBER 16, 2022

It allows the company to get insights into the activities at every level of the supply chain, as well as on the suppliers’ side, including: Details of manufacturing each day at the suppliers’ end Reports of QC inspections Preventative and corrective measures Supplier audits In-transit details.

Supply Chain Efficiency 19

Supply Chain Efficiency Procurement Real-time Visibility Supply Chain Optimization 19

Procurement Insights

OCTOBER 8, 2024

Here are the top 3 concerns likely to dominate the agenda for CPOs in 2025: Supply Chain Resilience and Risk Management Sustainability and ESG Compliance Supply Chain Visibility Conclusion: CPOs in 2025 will need to navigate a complex, fast-changing landscape shaped by technology, sustainability, and global uncertainty.

Chief Procurement Officer 52

Chief Procurement Officer Supply Chain Efficiency Procurement Supply Chain Optimization 52

EazyStock

JUNE 16, 2022

Having systems and processes in place to reduce the possibility and subsequent impact of supply chain issues is extremely important. Advancing technologies, such as artificial intelligence and machine learning, make connectivity and supply chain visibility easier. What is artificial intelligence?

Supply chain management 52

Supply chain management Supply chain management Supply Chain Optimization supply chain software solutions 52

Claritum

FEBRUARY 4, 2020

Bespoke purchases can be sourced from a variety of suppliers at vastly differing prices, quality and approaches to corporate social responsibility. . Buying in this way means that organisations are offered no price leverages and end up paying higher prices. Often, with bespoke purchases, there is no supply chain visibility.

Purchasing 47

Purchasing Sourcing Supply Chain Efficiency Suppliers 47

EazyStock

JANUARY 6, 2023

Increased supply chain visibility Supply chain visibility, such as being able to track items from leaving your supplier to arriving in your warehouse and being delivered to the customer, facilitates a smooth supply chain. You can read more about demand forecasting techniques in our article.

supply chain software solutions 52

supply chain software solutions Supply Chain Efficiency Agile and Lean Supply Chain supply chain budgeting 52

EazyStock

JANUARY 6, 2023

Increased supply chain visibility. Supply chain visibility, such as being able to track items from leaving your supplier to arriving in your warehouse and being delivered to the customer, facilitates a smooth supply chain. You can read more about demand forecasting techniques in our article.

supply chain software solutions 52

supply chain software solutions Supply Chain Efficiency Agile and Lean Supply Chain supply chain budgeting 52

Supply Chain Game Changer

NOVEMBER 26, 2018

Supply chain visibility is also incredibly important these days. If you are managing, or hope to manage, a reasonably effective supply chain you need to know when goods are coming in to your company, moving through your company, and leaving your company. End-To-End Supply Chain Visibility.

Strategy 68

Strategy Management Real-time Visibility e2e 68

Claritum

MAY 11, 2018

Do you have visibility of a global supply chain? If your organisation struggles with supply chain visibility you are not alone, according to Deloitte’s survey of Chief Procurement Officers, 65% of CPO’s have limited or no visibility beyond their Tier 1 suppliers. Supply chain visibility is poor. %.

Global sourcing 32

Global sourcing Sourcing Chief Procurement Officer Real-time Visibility 32

Procurement Software

MARCH 7, 2023

It enables: Building stronger relationships with your key suppliers Competitive bidding, which optimises cost Evaluating non-price factors important to your organisational objectives e.g. quality, lead time, sustainability Performing the appropriate pre-qualification of suppliers. What steps are involved in Source-to-Pay?

Sourcing 64

Sourcing supply chain software solutions Procurement Agile and Lean Supply Chain 64