Procurement Templates

JUNE 18, 2023

Strategic sourcing: Adopting strategic sourcing practices enables procurement to analyze the entire supply chain and identify cost drivers. By understanding the components and processes that contribute to the final product’s cost, procurement can explore opportunities to optimize and reduce expenses.

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Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

Procurement Software

FEBRUARY 14, 2023

If you’re more of an audio person, we also ran a recent episode of the podcast covering some of these, which you can access here: What are the top 10 criteria to consider when buying procurement software? Or, more specifically, what type of cost model does the procurement software provider use for their pricing?

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supply chain software solutions Procurement Price Sourcing 72

Zycus Cognitive Procurement

MAY 31, 2022

Broken supply chains, unavailability of heavy goods vehicle (HGV) drivers and production stoppages had a negative impact. Disruption has indeed become the new normal. It made several manufacturers realize the need to focus on Risk Mitigation strategies to re-imagine their supply chains.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Risk Supply chain 52

Spend Matters

OCTOBER 17, 2023

10 years of innovative tech provider recognition In recognition of this 10-year milestone of highlighting the best in procurement technology development and innovation Nikhil Gaur, research analyst at Spend Matters, said: “The procurement technology market has continued to evolve in 2023.

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supply chain software solutions Innovation Supply Chain Efficiency Procurement 121

IBM Supply Chain Blog

AUGUST 8, 2023

Whatever the case, large organizations can benefit from enterprise asset management (EAM) software to manage all the physical stuff the company owns. While there are a lot of EAM products on the market, this article will help you ask the right questions to find the right fit for your organization.

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supply chain software solutions Management Real-time Visibility Supply Chain Optimization 50

Let's Talk Supply Chain

JANUARY 9, 2023

As a global technology company, they provide networked innovation, quality, and compliance solutions to consumer brands that want to reduce supply chain risk, innovate faster, speed up business processes, and take control of data. 13.36] An overview of TraceGains – what they do and how they help their customers.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Food and Beverage Supply Chain supply chain software solutions Supply Chain Efficiency 52

IBM Supply Chain Blog

JUNE 4, 2024

At the same time, HPC is used to help businesses bring new products to market. It is also used to better manage risks and more, which is why an increasing number of enterprises are adopting it. It has helped companies across the world design electronic products that drive today’s emerging technology, including chips.

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Innovation Demand Product development Data 85

Procurement Software

FEBRUARY 20, 2024

European procurement software startups are growing fast, and we’re constantly seeing new ones landing onto the scene. If you want to search the whole range of procurement tech companies out there beyond just startups, then check our our free software directory. Procuretech in Europe is buzzing right now.

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

IBM Supply Chain Blog

NOVEMBER 14, 2023

A value exchange system built on data products can drive business growth for your organization and gain competitive advantage. This growth could be internal cost effectiveness, stronger risk compliance, increasing the economic value of a partner ecosystem, or through new revenue streams.

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Data Strategy Supply Chain Efficiency Sourcing 103

Procurement Software

MARCH 5, 2024

If you want to search the whole range of procurement tech companies out there beyond just startups, then check our our free software directory. Focal Point Focal Point is a growing Atlanta-based procurement startup offering a unique solution tacking three different challenges within procurement.

Real-time Visibility 52

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

IBM Supply Chain Blog

FEBRUARY 13, 2024

Code generation : Software developers and programmers use generative AI to write code. Experienced developers are leaning on generative AI to advance complex coding tasks more efficiently. This includes technical documentation, user manuals and other relevant materials that accompany software development.

Data 118

Data Ethics Quality Project management 118

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.

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

IBM Supply Chain Blog

MAY 6, 2024

Like the transition to hybrid cloud, agile software development, or zero trust, generative AI security can be an afterthought. More than 50% of respondents are concerned about unpredictable risks impacting generative AI initiatives and fear they will create increased potential for business disruption.

Innovation 65

Innovation Risk Agile and Lean Supply Chain Strategy 65

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.

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

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. Leading insurers in all geographies are implementing IBM’s data architectures and automation software on cloud.

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Data Risk Innovation Product development 96

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.

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

Finale Inventory

JULY 15, 2024

Having a high inventory turnover ratio ensures that inventory is constantly moving, reducing the risk of obsolescence and excessive storage space. By aligning inventory levels with customer demand, ecommerce businesses can avoid issues associated with overstocking or slow-moving products.

Inventory 52

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

Zycus Cognitive Procurement

APRIL 4, 2022

Reduce supply risk. Companies rely on complex, multi-faceted, interconnected networks that make up their supply chain. Organizations leveraging cost savings by expanding their geographic presence and sourcing worldwide incur risk. Here are 5 things CPOs can do for you and your organization.

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Supply Chain Efficiency supply chain software solutions Supply chain Risk 52

Finale Inventory

JULY 15, 2024

This approach also enables companies to be more responsive to changing market demands and reduce the risk of obsolescence. These include: Tight Supply Chain Integration: Close collaboration and communication between suppliers, manufacturers, and retailers are essential for successful JIT inventory implementation.

Inventory 52

Inventory Agile and Lean Supply Chain Supply Chain Efficiency Real-time Visibility 52

Barkers Procurement

FEBRUARY 25, 2024

Intelligent Procurement Software Uncertain business outlooks shine a spotlight into every function. The right digital procurement technology can centralise spend data, identify trends and compliance to metrics, pinpoint opportunities, and simplify supply chain decisions as a result.

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Procurement supply chain software solutions Contract supply chain budgeting 52

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.

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Quantity supply chain budgeting Inventory Supply Chain Efficiency 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 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

IBM Supply Chain Blog

APRIL 4, 2024

These include connecting different systems and software to streamline processes and improve data flow across the organization, for example human resource management (HRM) or customer relationship management (CRM) Human-centric BPM centers around human involvement, often where an approval process is required.

Real-time Visibility 54

Real-time Visibility Management e2e Supply Chain Efficiency 54

World of Procurement blog

MAY 23, 2024

To mitigate supply chain risks and improve business continuity by reducing dependence on many small suppliers. Working closely with fewer suppliers also enhances supply chain transparency and resilience. Financially strong partners reduce risk. Non-compliance poses legal risks.

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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.

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

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Procurement supply chain budgeting Agile and Lean Supply Chain Suppliers 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. Lastly, effective inventory management helps you minimize the risk of overstocking or stockouts.

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Inventory Raw materials Supply Chain Optimization supply chain budgeting 52

Empowering CPO

MAY 4, 2023

By effectively managing the purchasing process, companies can better control their expenditures and optimize their supply chain, ensuring the availability of the right products and services at the right time. Some of the key benefits include: 1.

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Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

Procurement Software

JUNE 25, 2024

Aim for partnerships that offer mutual benefits, such as shared growth opportunities or innovation in product development. These can include negotiating contracts that prevent price increases or optimizing the supply chain to avoid rushed shipping fees. Rather, it maintains it against potential increases.

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Procurement Supply Chain Efficiency Chief Procurement Officer Price 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.

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

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.

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Supplier relationship management Suppliers Management Supply Chain Efficiency 40

IBM Supply Chain Blog

JUNE 29, 2023

Digital twin technology uses Industrial Internet of Things (IIoT) sensors, machine learning and simulation software to collect product data and generate accurate models. Teams can then use the models to predict maintenance needs, simulate changes to the system and optimize processes (e.g.,

Data 53

Data Collaboration Product development Sustainability 53

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

Zycus Cognitive Procurement

NOVEMBER 16, 2021

Organizations are looking to CPOs to take on broader and deeper strategic initiatives to create a future proof supply chain. Thus, a need to develop ERPs came into existence. Software tools were used to capture, process, and store data. What Covid-19 did to firms globally is no secret.

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Procurement Eprocurement Agile and Lean Supply Chain Supply Chain Efficiency 40

Planergy

OCTOBER 4, 2022

Big data analytics is a process that uses data science with special software and algorithms to help businesses make sense of all this data. This software can partition the data into manageable chunks, which makes it easier to analyze. Product Development. How Big Data Analytics Works.

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Data Import supply chain software solutions Quality 52

IBM Supply Chain Blog

AUGUST 28, 2023

The extracted knowledge can guide processes like product improvements, marketing campaigns, customer support enhancements and risk mitigation strategies—all from social media content that already exists. Product development and innovation: Businesses always stand to benefit from better communication with customers.

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Data Influencing Strategy Product development 53