The Good Spending

AUGUST 16, 2022

Why is supply chain collaboration essential? Once, I was asked what makes the supply chain important to a company. Shadow procurement, supply chain, and logistics have become standard for many companies. The supply chain is the most collaborative function in the business.

Supply Chain Efficiency 52

Supply Chain Efficiency Collaboration Supply Chain Optimization supply chain budgeting 52

Supply Chain Game Changer

NOVEMBER 10, 2018

Supply chain collaboration is a hot topic today and no wonder: companies that collaborate effectively across the supply chain have enjoyed dramatic reductions in inventories and costs, together with improvements in speed, service levels, and customer satisfaction. Subscribe Here! Email Address.

Collaboration 66

Collaboration Supply Chain Optimization Agile and Lean Supply Chain supply chain budgeting 66

Supply Chain Game Changer

JUNE 8, 2021

Subscribe to Supply Chain Game Changer. Here at Supply Chain Game Changer our fundamental mission is to share experiences and expertise for the benefit of all. Supply chain is both deep and broad. I read multiple magazines and supply chain blogs to keep current. Subscribe Here! Email Address.

Supply Chain Efficiency 97

Supply Chain Efficiency supply chain budgeting Supply chain Leadership 97

IBM Supply Chain Blog

DECEMBER 1, 2023

This approach can accelerate speed to market by providing enhanced capabilities for the development of innovative products and services to help grow the business, and it can also improve the overall customer experience. Several prominent companies in every geography are working with IBM on their core modernization journey.

Data 96

Data Risk Innovation Product development 96

Finale Inventory

AUGUST 20, 2024

Improved Product Availability: By purchasing larger quantities, you can maintain a more consistent supply of products. This can help meet customer demand effectively and reduce the risk of stockouts , which can harm your business reputation. It’s important to consider both the savings and potential risks involved.

Quantity 52

Quantity supply chain budgeting Inventory Supply Chain Efficiency 52

IBM Supply Chain Blog

APRIL 25, 2024

BPR examples: Use cases Streamlining supply chain management Using BPR for supply chain optimization involves a meticulous reassessment and redesign of every step, including logistics, inventory management and procurement.

Supply Chain Efficiency 57

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting supply chain software solutions 57

The Good Spending

JUNE 15, 2022

Modified Rebuy A buyer wants to replace or amend a product used in the organization. The decision-making may involve plans to modify the product specifications, prices, terms, or vendors to enhance the product quality or reduce cost. Therefore, negotiations will be the most suitable mode of supplier selection.

supply chain budgeting 52

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

Zycus Cognitive Procurement

JANUARY 20, 2023

At its core, procurement strategies are all about managing the change aimed at driving continuous improvement in the supply chain. It also provided insight into building resilience through technology, people, and processes concerning the continuous improvement of the supply chain.

supply chain software solutions 52

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

Finale Inventory

JULY 3, 2024

Without effective inventory management, you risk running out of stock, oversupplying certain items, or experiencing inefficient operations that can hinder your business growth. Moreover, efficient inventory management enables you to optimize your operations and reduce costs.

Inventory 52

Inventory Raw materials Supply Chain Optimization supply chain budgeting 52

World of Procurement blog

MAY 23, 2024

The goal of supplier consolidation is to streamline procurement processes, reduce costs by leveraging economies of scale, strengthen relationships with top-performing suppliers, and drive performance improvements through better coordination. Working closely with fewer suppliers also enhances supply chain transparency and resilience.

Supplier consolidation 52

Supplier consolidation Suppliers Supply Chain Efficiency supply chain budgeting 52

Supply Chain Game Changer

APRIL 26, 2020

Subscribe to Supply Chain Game Changer. At Supply Chain Game Changer we believe in sharing experiences and expertise from people in every industry and from across the globe. As such we have introduced our “ Seasoned Leadership in Action ™” Interview series at Supply Chain Game Changer.

Leadership 52

Leadership supply chain budgeting Supply Chain Optimization supply chain software solutions 52

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. It’s anything but easy to manage. PPO can transform automotive procurement in a variety of areas.

Procurement 52

Procurement Procurement team Supply Chain Efficiency supply chain budgeting 52

Supply Chain Trend

OCTOBER 29, 2021

If we look back over the history of supply-chain planning, we can properly say we are in the third wave of integrated supply-chain planning software (Van Hove, 2019). To become autonomous, supply chains require the new technology of Wave 3 planning systems, which we think of as systems of intelligence.

Supply Chain Optimization 78

Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain supply chain software solutions 78

Supply Chain Trend

DECEMBER 4, 2016

To get some answers for S&OP practitioners, Niels van Hove from Supply Chain Trend interviewed a group of S&OP leaders. Supply Chain Trend will publish a weekly Q&A with these S&OP leaders. The second fallacy is that people believe it is a supply chain process.

supply chain budgeting 60

supply chain budgeting Leadership Supply chain Budget 60

Procurement Software

MARCH 5, 2024

FRDM FRDM is a software company specialising in supply chain risk management. Their software is designed for multinational corporations managing complex supply chains. It helps large enterprises like Virgin, Coca-Cola, Boeing, and IBM map, monitor, and mitigate ESG risks across their global supply chains.

Real-time Visibility 52

Real-time Visibility supply chain software solutions Procurement Supply Chain Efficiency 52

Barkers Procurement

FEBRUARY 25, 2024

In parallel, it will also look at its expenditure meaning it is frequently the case that the Procurement function will be asked to commit incremental cost reduction to that which has already been budgeted, without the luxury of knowing its method of delivery. Risk is also present in the futures of your people.

Procurement 52

Procurement supply chain software solutions Contract supply chain budgeting 52

Zycus Cognitive Procurement

JANUARY 20, 2023

At its core, procurement transformation is all about managing the change aimed at driving continuous improvement in the supply chain. It also provided insight into building resilience through technology, people, and processes concerning the continuous improvement of the supply chain.

supply chain software solutions 40

supply chain software solutions Procurement Supply chain resilience Supply Chain Efficiency 40

Finale Inventory

JULY 15, 2024

Therefore, maintaining an optimal inventory turnover ratio is critical to meet customer expectations, minimize costs, and maximize profitability. Having a high inventory turnover ratio ensures that inventory is constantly moving, reducing the risk of obsolescence and excessive storage space.

Inventory 52

Inventory Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 52

Procurement Software

MAY 23, 2023

Very few CEOs come from Procurement or Supply Chain. In a world of hyper connectivity created by rampant globalisation, Apple had shown itself to be a master of procurement, working with suppliers around the world to create the highest quality and most innovative products, all for the best price.

Procurement 52

Procurement supply chain budgeting Agile and Lean Supply Chain Suppliers 52

Una

JANUARY 8, 2024

We’re seeing the tactical, day-to-day aspects of procurement increasingly automated as artificial intelligence gets smarter, meaning an old-school purchasing manager risks obsolescence. You snag a bunch of budget-friendly printers without considering the long game. Fast forward a few months, and the printers are gasping for breath.

supply chain budgeting 52

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

Claritum

NOVEMBER 28, 2016

In Deloitte’s Global CPO Survey 2016 the top 4 priorities for CPO’s were found to be cost reduction, new product development, increasing cash flow and organic expansion. Cost Reduction. New Product Development. Supplier risk and management. Budget constraints. Increasing cash flow.

Procurement 50

Procurement Eprocurement Networking Sourcing 50

Supply Chain Game Changer

NOVEMBER 17, 2018

At Supply Chain Game Changer we believe in sharing experiences and expertise from people in every industry and from across the globe. As such we have introduced our “Seasoned Leadership in Action ” Interview series at Supply Chain Game Changer. I would call myself an accidental supply chain executive!

Leadership 40

Leadership Networking supply chain budgeting Supply Chain Optimization 40

Procurement Software

FEBRUARY 20, 2024

It also has an analytics system claiming to focus on risk management rather than retrospective troubleshooting. Weproc offers features for: Procurement Management Product Management Contract Management Supplier Management Budget Management Accounting Basic Analytics Weproc also aims to put user experience first.

Supply Chain Efficiency 59

Supply Chain Efficiency supply chain software solutions Procurement Real-time Visibility 59

IBM Supply Chain Blog

JUNE 29, 2023

Digitalization has had a profound impact on the manufacturing sector, enabling businesses to optimize processes, improve quality and reduce costs. 3D printing 3D printing, also known as additive manufacturing, is a rapidly growing technology that has changed the way companies design, prototype and manufacture products.

Supply Chain Optimization 54

Supply Chain Optimization Agile and Lean Supply Chain Sustainability Supply Chain Efficiency 54

Zycus Cognitive Procurement

JANUARY 31, 2023

SRM provides an opportunity for companies to gain a competitive edge by forming productive partnerships with their suppliers. Supplier relationship management helps to break down suppliers into categories and develop strategies for managing them in the most efficient way possible.

Supplier relationship management 40

Supplier relationship management Suppliers Management Supply Chain Efficiency 40

Supply Chain Trend

MARCH 31, 2017

Examples of an aspirational planning goal or BHAG can be: ‘our 6-month EBIT outlook will be within 2% error margin’, ‘we will decimate our budget cycle time’. ‘80% 80% of our new product developments will be successful’. we scenario plan all risks and opportunities and plan for the most profitable outcome’.

Budget 60

Budget Strategic planning Leadership e2e 60

IBM Supply Chain Blog

APRIL 4, 2024

Benefits: Automated claim processing Reduced processing times Enhanced visibility Compliance and risk management By automating routine tasks and implementing predefined rules, BPM enables timely compliance with regulatory requirements and internal policies. This accelerates time-to-market and reduces development costs.

Real-time Visibility 54

Real-time Visibility Management e2e Supply Chain Efficiency 54

Finale Inventory

JULY 24, 2024

This capital can then be reinvested in other business areas, such as marketing or product development, driving further growth and profitability. Inventory tracking involves monitoring product quantities, locations, and movement throughout the supply chain.

Inventory 52

Inventory Supply Chain Efficiency Management Order Fulfillment 52

Empowering CPO

MAY 4, 2023

Importance of procurement in modern businesses In today’s fast-paced and competitive business landscape, procurement plays a crucial role in driving efficiency, cost savings, and overall success. Improved data accuracy: Digital systems reduce the risk of human errors, ensuring accurate data for better decision-making.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

Procurement Software

JUNE 25, 2024

Negotiate more favorable terms or explore cost avoidance strategies, such as longer payment terms, that can positively impact your working capital. Aim for partnerships that offer mutual benefits, such as shared growth opportunities or innovation in product development. Rather, it maintains it against potential increases.

Procurement 52

Procurement Supply Chain Efficiency Chief Procurement Officer Price 52

Empowering CPO

JUNE 14, 2023

It’s no longer about simply obtaining goods and services at the lowest cost, but also about adding value to the organization, reducing risks, enhancing sustainability, and promoting social responsibility. This could involve joint product development, shared risk and reward models, or long-term partnerships.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Finale Inventory

SEPTEMBER 6, 2024

Ensuring that the right products are always available helps businesses avoid lost sales opportunities and maintain a positive brand reputation. This reduces carrying costs, minimizes the risk of obsolescence, and avoids tying up resources in slow-moving or outdated products.

Inventory 52

Inventory Real-time Visibility supply chain software solutions Order Fulfillment 52

Planergy

OCTOBER 4, 2022

Another advantage of big data analytics is that it can help organizations reduce costs and improve efficiency. Businesses can collect structured, semi-structured, and unstructured data from various sources such as cloud computing and storage, mobile apps, Internet of Things (IoT) gadgets, supply chain software, and other sources.

Data 52

Data Import supply chain software solutions Quality 52