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

Spend Matters

JANUARY 30, 2023

Categories: Procurement Strategy & Planning , Supply Chain Visibility Tags: PRO This Spend Matters PRO Vendor Analysis provides an overview of Portcast and its solution for cargo tracking. The modern supply chain is convoluted. It enhances logistics visibility and provides intelligence insights.

Real-time Visibility 80

Real-time Visibility Supply Chain Visibility Procurement strategies Supply chain 80

Una

OCTOBER 17, 2023

EPISODE 137 Using Visibility to Combat Supply Chain Abstraction with Frank Kenney By Kelly Barner | October 18, 2023 In the race to build global empires of data and digital systems, today’s businesses must not risk forgetting what all of those zeroes and ones mean.

supply chain budgeting 81

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

Supply Chain Game Changer

JULY 14, 2021

Procurement and Sustainability are two disciplines and business functions that exist in a perfectly harmonious contradiction. Procurement is fundamentally centered around the act of acquisition and/or buying. CPOs “gave supply chain sustainability a ranking of 7.2 High-performing Procurement teams embrace Sustainability!

Sustainability 98

Sustainability Procurement supply chain budgeting Agile and Lean Supply Chain 98

Skill Dynamics

OCTOBER 19, 2023

For example, advanced strategic planning skills are relevant to procurement managers, while data analysis proficiency is associated with sourcing analyst roles. Role-based training personalizes the best procurement strategies to meet specific challenges. For instance – improved communication skills or legal contract knowledge.

Supply Chain Optimization 52

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

Procurement Software

JUNE 4, 2024

What we are seeing is a divergence of specialist, best-of-breed technology focusing on procurement for manufacturing companies. This exciting trend persuaded us that it’s about time we featured an article on these procurement tools specifically. This unique feature helps procurement teams to operate more proactively.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement supply chain budgeting 52

TYA Suite

SEPTEMBER 25, 2024

Additionally, assess your suppliers’ financial stability, track their performance over time, and maintain open communication to identify potential risks early. Use tools such as risk matrices and dashboards to visualize and track these risks over time. Leveraging technology can enhance the effectiveness of procurement risk management.

Risk 40

Risk Strategy Procurement Supply Chain Efficiency 40