ivalua

JUNE 26, 2023

The final session of the day, ‘Driving Sustainable Procurement’ was presented by Stephen Carter. Steve discussed how Procurement teams are in a unique position to drive sustainable initiatives within their organizations and the steps they need to take to drive these changes.

Supply Chain Efficiency 244

Supply Chain Efficiency Strategic sourcing Strategic sourcing Procurement 244

Supply Chain Game Changer

MARCH 18, 2021

Subscribe to Supply Chain Game Changer. Procurement teams article and permission to publish here provided by Sam Jenks. Procurement is a function that has long been at cross-roads; dare to transform within people, process & technology, or keep doing what has always worked just fine. Subscribe Here!

Procurement team 61

Procurement team Procurement supply chain budgeting Agile and Lean Supply Chain 61

ivalua

FEBRUARY 27, 2023

How Inflation Impacts Procurement Inflation affects a number of aspects within the Manufacturing supply chain, including the ability to compete in the market, financial performance, and overall strategy. Manufacturers, take charge of your supply chain!

Real-time Visibility 130

Real-time Visibility Procurement Agile and Lean Supply Chain supply chain budgeting 130

Spend Matters

SEPTEMBER 19, 2023

, complete lockdowns on people’s ability to travel, work and create, wreak havoc on normal business operations with a compounding shockwave across supply chains. Given that catastrophic events lead to deadly and costly supply chain disruptions, catastrophic risk is at the forefront of operational and supply chain resilience.

Supply chain 102

Supply chain Supply chain resilience Supply Risk 102

Arkestro

DECEMBER 5, 2024

It leverages advanced technologies to optimize and automate procurement cycles and predict more favorable outcomes. Its real-time insights allow procurement teams to respond swiftly and effectively to changing market conditions and component availability.

Supply Chain Optimization 52

Supply Chain Optimization Procurement Supply Chain Efficiency Supply chain resilience 52

Arkestro

DECEMBER 26, 2024

According to Gartner , 50% of large global companies are expected to implement AI and advanced analytics in their supply chains in 2025. Procurement teams are already using AI-powered tools to analyze vast amounts of data to identify patterns, predict trends, and recommend actions. trillion , a 9.3% increase from 2024.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

ivalua

JUNE 15, 2022

The global supply chain is undergoing an incredible transformation that will change the way we do business. Today, organizations are looking to build supply chain resilience and maximize opportunities for growth as we pivot and prepare for unexpected global events. .

Supply Chain Efficiency 130

Supply Chain Efficiency supply chain software solutions Agile and Lean Supply Chain Innovation 130

Arkestro

JANUARY 4, 2023

Eager to reduce administrative busywork, procurement teams are treating the permacrisis as an opportunity to make long-sought changes along a digital journey. Procurement has had massive challenges and targets over the past year: Managing inflation. As Winston Churchill once said, “Never let a good crisis go to waste.”

Supply Chain Optimization 104

Supply Chain Optimization Procurement team Agile and Lean Supply Chain Supply Chain Efficiency 104

ivalua

MAY 6, 2021

The past few years have been a boon for procurement, which has become increasingly strategic and critical to business. The pandemic has accelerated this trend, with the Procurement function front and center in the fight to ensure supply chain resilience and continuity, reduce costs and protect the bottom line.

supply chain software solutions 130

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

Arkestro

JANUARY 9, 2024

As we move into 2024, procurement teams continue to face hurdles like supply chain volatility, geopolitical tensions, budget restrictions, talent shortages, and more. In fact, manufacturing procurement has never been more important, holding the power to influence IT, finance, and C-suite decision-making.

supply chain budgeting 52

supply chain budgeting Supply chain resilience Procurement Supply Chain Optimization 52

ivalua

JANUARY 31, 2022

CPO’s and CFO’s will join forces to combat inflation and supply risk, supply assurance will be perceived as more important than price, convenience and customer service gaining significant popularity, and vigilance against commodity and supply market manipulation will be critical. #3. More on that here.

Procurement 130

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

ivalua

APRIL 27, 2023

“They’re finally making some inroads towards modernizing their supply chains, much like the consumer-facing entities had to do decades ago.” FCL: A Success Story FCL is one organization who successfully transformed its Procurement function, right in the middle of the Covid-19 pandemic.

Supply Chain Efficiency 130

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization Sustainability 130

ivalua

APRIL 27, 2023

“They’re finally making some inroads towards modernizing their supply chains, much like the consumer-facing entities had to do decades ago.” FCL: A Success Story FCL is one organization who successfully transformed its Procurement function, right in the middle of the Covid-19 pandemic.

Sustainability 130

Sustainability Risk Supply Chain Efficiency Agile and Lean Supply Chain 130

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. Nurture Supplier Relationships to Support Agility and Resilience. Through digital transformation, Meritor not only achieved its goals, but brought $1.8

Agile and Lean Supply Chain 130

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

Arkestro

APRIL 2, 2024

Resources / Analyst Reports / Procurement 2024: BIG Trends and Predictions Procurement 2024: BIG Trends and Predictions Download Now Let's Talk By the end of 2024, new AI innovations will begin to significantly change all facets of supply management technology.

Chief Procurement Officer 52

Chief Procurement Officer Procurement Procurement team Buyers 52

Procurement Tactics

JUNE 7, 2023

Shared value creation Supplier collaboration fosters shared value creation through enhanced innovation, improved operational efficiency, and supply chain resilience. This feature reduces the workload and administrative tasks for procurement teams, enabling them to concentrate on essential supply chain operations.

supply chain software solutions 130

supply chain software solutions Collaboration Suppliers Supply Chain Efficiency 130

Procurement Insights

SEPTEMBER 30, 2024

In short, supply chain resilience, in which we “maintained steady operations, protected revenue, and sustained customer trust in an increasingly volatile global environment,” wasn’t established with technology.

Supply chain resilience 52

Supply chain resilience Supply chain Procurement team Contract 52

Spend Matters

DECEMBER 28, 2023

Geopolitics becomes a procurement issue Supply chain resilience will assume new meaning, with geopolitical tension presenting a complex puzzle for any global business. Chief Procurement Officers will come under mounting pressure to accelerate supply chain reconfiguration efforts started during the pandemic.

Procurement solutions 56

Procurement solutions Procurement Chief Procurement Officer Procurement team 56

Value Match

FEBRUARY 23, 2023

Below are some examples: Conduct a supply chain risk assessment : Procurement teams can start by assessing the risks associated with sea level rise, including the impact on operations and infrastructure. Monitor and adapt: Procurement teams should monitor the changing risks and adapt their strategies accordingly.

Procurement team 52

Procurement team supply chain software solutions Supply chain resilience Bidding 52

Arkestro

MAY 30, 2022

However, it makes the point that digital acceleration should be a key goal for procurement teams across a wide range of industries. The adoption of predictive procurement addresses the issues referenced in the first half of this blog that the Harvard Business Review articles brought up. It’s also not specific to the pandemic.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Procurement Real-time Visibility supply chain software solutions 52

Procurement Heads

DECEMBER 15, 2022

The other thing over recent times is sustainable procurement, it has become more and more of a priority and is a new topic for us as professionals. What do you think are some of the key focus areas for procurement right now?

Sustainability 130

Sustainability Supplier relationship management Contract management Procurement 130

HICX

MAY 12, 2023

Automate the simple As Sam explains, “We need to break our procurement teams free from the day-to-day tasks that burden them.” He gives an example in the area of supply chain resilience. This illustrates that these problems are not just procurement issues.

e2e 52

e2e Real-time Visibility Supply chain resilience Supply chain 52

Arkestro

DECEMBER 12, 2022

During the pandemic, healthcare needed to treat people with COVID-19, and the pharmaceutical industry had to increase the production and distribution of medical supplies and vaccines. What Are the Biggest Procurement Challenges in Health and Pharma? Predictive Procurement Supports Supply Chain Resilience and Visibility.

Real-time Visibility 52

Real-time Visibility Procurement e2e Raw materials 52

Arkestro

NOVEMBER 7, 2023

Rather than see the short turnaround and constrained supply as a challenge, Johnson & Johnson’s procurement team and suppliers partnered together to bring incredible innovation, delivering the vaccine to the broader public in record time.

Procurement 52

Procurement Supply Chain Efficiency Innovation Procurement team 52

Procurement Leaders

JUNE 13, 2022

As a public funded project, supply chain transparency is critical. This includes the procurement of materials, where they come from, and the conditions in which they were produced. In September 2021, the team developed a template to ensure a consistent, objective approach was taken to each of these one-to-one meetings.

Supply Chain Efficiency 130

Supply Chain Efficiency Supply chain Contract Supply 130

Jaggaer

OCTOBER 24, 2024

This resilience can be defined as “ the ability of a central procurement and supply management function to prepare for unexpected events, respond to disruptions, recover, and emerge even stronger. ” Manufacturers cannot foresee every risk, inconvenience, or disaster, but they can equip themselves to handle the unexpected and come out on top.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

Supply Chain Game Changer

APRIL 15, 2020

Navigating the complexity of the global supply chain as a procurement professional can sometimes feel like taking a walk through the Amazon without a compass, or entering into outer space without an oxygen tank. One of the best ways to support supply chain resilience is to ensure that you’re preemptive.

Procurement 90

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Supply chain 90

Jaggaer

JUNE 28, 2024

We need to bring cost, resilience and sustainability into harmony and in doing so we need to look again at strategic leadership in the function. From resilience to agility As Iain was quick to point out, there is no shortage of people offering advice on supply chain resilience. This is the first of two articles.

Leadership 52

Leadership Agile and Lean Supply Chain Raw materials Influencing 52

World of Procurement blog

MAY 8, 2024

The aim is to select the supplier that represents the best value and fit for the specific procurement need. Contract Negotiation After selecting the best supplier, the procurement team negotiates final contract terms like pricing, service levels, delivery timelines, warranties, and other legal and commercial conditions.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Empowering CPO

MAY 8, 2023

By gaining a comprehensive understanding of their supply chain, organizations can proactively address risks and implement strategies to enhance supply chain resilience. As a result, the company significantly reduced supply chain disruptions and improved its overall supply chain resilience.

Risk management 52

Risk management Risk Procurement strategies Strategy 52

Procurement Insights

OCTOBER 8, 2024

As the procurement landscape continues to evolve, Chief Procurement Officers (CPOs) in 2025 will face a wide range of challenges and concerns shaped by technological advancements, geopolitical shifts, sustainability demands, and more.

Chief Procurement Officer 52

Chief Procurement Officer Supply Chain Efficiency Procurement Supply Chain Optimization 52

Zycus Cognitive Procurement

DECEMBER 9, 2020

Now that the situation is slowly moving towards normalcy, supply chain and procurement teams are under insurmountable pressure to monitor and mitigate supplier risks and compromise competitiveness closely.

Risk management 52

Risk management Risk Suppliers Management 52

Procurement Software

APRIL 2, 2024

That’s fine if you’re leading a small-ish procurement team. It also integrates with a wide range of enterprise systems such as ERP, procure-to-pay , CRM, and more, facilitating seamless operations across legal, procurement, sales, finance, IT, and HR departments. There are actually some great solutions in this space.

supply chain budgeting 52

supply chain budgeting supply chain software solutions Procurement Budget 52

Planergy

JANUARY 26, 2023

What to Do About It Consult with your legal team if there’s any doubt about an action the company or a representative may take. The procurement team must always evaluate environmental risks created by contractors and suppliers. To avoid shortages, conduct supply chain risk assessments regularly.

Risk 52

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

Empowering CPO

JUNE 9, 2023

KPIs in procurement are a set of quantifiable measurements that demonstrate how effectively an organization is achieving its operational and strategic goals in procurement. They act as a navigational tool, guiding the procurement team towards the achievement of their strategic objectives.

Procurement 52

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Quality 52

Empowering CPO

JUNE 27, 2023

Digital tools enable real-time insights and scenario modeling, enabling procurement teams to make data-driven decisions swiftly. Procurement teams had limited access to comprehensive data sets, hindering their ability to make strategic decisions.

Real-time Visibility 40

Real-time Visibility Supply Chain Efficiency Supply Chain Optimization Data 40

Empowering CPO

JUNE 14, 2023

Market volatility, globalization, and changing customer expectations have made procurement more complex than ever before. Organizations are now expected to not only manage cost but also to ensure supply chain resilience, mitigate risks, and contribute to strategic objectives.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52