Arkestro

DECEMBER 5, 2024

How Predictive Procurement Has Become a Game Changer for High-Tech Manufacturing To stay competitive, high-tech manufacturers are increasingly adopting Predictive Procurement technology to gain greater agility, cost savings, and enhanced supply chain resilience.

Supply Chain Optimization 52

Supply Chain Optimization Procurement Supply Chain Efficiency Supply chain resilience 52

Arkestro

DECEMBER 26, 2024

Within procurement, sustainability is the process of integrating environmental, social, and governance (ESG) goals into procurement, purchasing, and supply chains, which helps build a circular economy. AI technology will also be used to conduct risk scenarios to assess how the supply chain will respond to various challenges.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

IBM Supply Chain Blog

SEPTEMBER 20, 2021

Wendy Tate, professor of supply chain management at the University of Tennessee, and coeditor-in-chief of the Journal of Purchasing and Supply Chain Management said it well , “Eliminating waste is good, but inventory isn’t necessarily the same as waste. Take out too much inventory, and you add risk.

Supply chain resilience 52

Supply chain resilience Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization 52

Procurement Insights

JANUARY 3, 2025

20152020: Procurement Gains Strategic Recognition Emergence of Strategic Sourcing : CFOs began to recognize procurement’s role in driving long-term value through strategic sourcing, supplier relationships, and risk management. Analytics and insights from procurement data were minimal.

Agile and Lean Supply Chain 52

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

ivalua

FEBRUARY 25, 2021

Are ERP systems better than best-in-class supply chain solutions for managing healthcare supply chains? What are the pros and cons, and what supply chain strategy will pave the way to higher margins, improved supply chain risk management in healthcare and improved patient care?

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supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 221

Jaggaer

FEBRUARY 28, 2025

The most recent Hackett Group Report highlights key priorities reshaping procurement in 2025, including technology adoption, the rise of Generative AI, and managing emerging risks. Solutions: Strategic Sourcing: Move beyond transactional purchasing and embrace strategic sourcing.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Procurement Supply Chain Optimization Real-time Visibility 52

Planergy

MARCH 18, 2025

Helping organizations spend smarter and more efficientlyby automating purchasing and invoice processing. Common disruptions such as economic instability, vendor delays, natural disasters, and supply shortages uniquely challenge schools due to tight budgets and rigid schedules. What's PLANERGY? directly impact procurement budgets.

supply chain budgeting 52

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

Procurement Insights

DECEMBER 3, 2024

Reference to Triple Bottom Line post Consumer decision-making regarding ESG (Environmental, Social, and Governance) goals is influenced by several concerns, which can either encourage or hinder their commitment to purchasing products and services that align with ESG principles.

Chief Procurement Officer 58

Chief Procurement Officer Supply Chain Efficiency Influencing Supply chain resilience 58

Strategic Sourceror

JULY 24, 2022

"The bad news is that this looks to be occurring on the back of a slowing in the global consumer's demand for goods, especially discretionary goods, and thus may also signal rising recession risks." " Time will tell if the world is back on track but, for the moment, the signs are encouraging.

Supply chain resilience 57

Supply chain resilience Supply chain Supply Consumer demands 57

ivalua

FEBRUARY 27, 2023

Additionally, they can track risk and supplier performance issues in real time, enabling them to take proactive measures such as looking for alternative sources of supply before experiencing disruption to their supply chains. This ensures contracts remain favorable and all stakeholders comply with negotiated terms.

Real-time Visibility 130

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

Procurement Tactics

DECEMBER 21, 2022

The complexity of today’s supply chain makes it more prone to severe impacts from disruptions, just like what happened at the start of the pandemic. . Due to this, many organizations have put supply chain resilience as a top priority. Benefits of Supply Chain Collaboration. LEARN MORE.

Collaboration 199

Collaboration Supply Chain Optimization Supply Chain Efficiency Supply chain 199

Planergy

MARCH 12, 2025

Helping organizations spend smarter and more efficientlyby automating purchasing and invoice processing. Simpler Logistics and Supply Chain Management With operations overseas, you run the risk of becoming too reliant on global supply chains. What's PLANERGY? Download PDF Whats your goal today?

Agile and Lean Supply Chain 52

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

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. As Forrester’s VP and Principal Analyst Duncan Jones noted, while avoiding risk is impossible, preparing for it is critical.

Agile and Lean Supply Chain 130

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

Planergy

JANUARY 26, 2023

The best way to minimize disruption is to identify the various supplier risks and create a plan of action for what to do if the risk becomes a reality. Financial Risks Risks in this category range from an unexpected change in the exchange rate to supplier bankruptcy.

Risk 52

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

Procurement Templates

SEPTEMBER 14, 2023

Companies that fail to align their operations with sustainability goals risk not only reputational damage but also financial losses as consumer preferences shift toward eco-friendly products and services. For example, a product with a lower purchase price may have higher long-term operational and disposal costs.

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Sustainability Supply Chain Efficiency Procurement Ethics 130

IBM Supply Chain Blog

JUNE 30, 2023

These healthcare industry supply chain issues are equally urgent, and each require immediate attention. The good news is, it’s possible to alleviate these perilous pain points by building healthcare supply chain resilience. Doing so streamlines purchasing power and optimizes inventory management.

Supply Chain Efficiency 77

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Real-time Visibility 77

EazyStock

DECEMBER 13, 2020

While it’s good to analyze and take stock of the effectiveness of your pandemic response, you need to add more frequent supply chain performance reviews into your supply chain management for the foreseeable future. Prepare for Upcoming Supply Chain Risks. Prepare your Supply Chain for 2021 Challenges.

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Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain supply chain software solutions 98

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. So, with these statistics in mind, would you say that working w/ a startup is too big of a risk…? Nelson Mandela.

Procurement 90

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

Una

JUNE 5, 2024

Companies that had invested in semiconductor supply chain resilience were able to maintain production and avoid costly delays. Establishing supply chain risk readiness Getting risk-ready is vital to enhancing your supply chain’s resilience. Why Do We Need Supply Chain Visibility?

Agile and Lean Supply Chain 52

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

Arkestro

JANUARY 4, 2023

Reducing supplier risk. Ensuring continuity of supply. At the same time, they’ll need to watch and prepare for future economic downturns and supply chain disruption. multiple small-value purchases, often distributed across several non-strategic suppliers and tons of distinct purchase orders or transactions).

Supply Chain Optimization 104

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

SCMDOJO

JUNE 28, 2024

10 years of experience in purchasing and procurement, the tobacco market in particular. Provide different consulting projects in procurement and purchasing Proven experience in the negotiation process. Maryna has: 5 years of experience in procurement training and consulting.

Supply Chain Optimization 93

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain Supply chain 93

Una

OCTOBER 12, 2023

Understanding Offshoring, Onshoring, Nearshoring, and Rightshoring in Procurement Explore the nuances between offshoring and other approaches to procurement and how each one can impact the bottom line, supply chain resilience and overall strategic objectives.

Supply Chain Optimization 52

Supply Chain Optimization Procurement Supply chain resilience supply chain budgeting 52

SCMDOJO

JUNE 6, 2023

This strategy reduces carrying costs, minimizes the risk of stockouts, and can improve cash flow— all thanks to data analytics. Continuous Improvement & Risk Management Analytics helps make continuous improvement easier by providing businesses with data-driven insights. What is JIT inventory management?

Supply Chain Optimization 72

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency supply chain software solutions 72

Zycus Cognitive Procurement

DECEMBER 15, 2022

Here are the 7 supply chain management trends for 2023 – Building agile supply chain ecosystems. Managing supply chain risk. Improving supply chain analytics. Enhancing supply chain resilience. Improving supply chain sustainability.

Supply chain management 52

Supply chain management Supply chain management Agile and Lean Supply Chain Supply Chain Optimization 52

Supply Chain Trend

AUGUST 13, 2020

IBP requires cross functional alignment to eliminate silos, to achieve accountability for delivering strategic, financial and operational outcomes, and to enable scenario planning that provides forward visibility into the consequences and risks of decisions (Sorensen, 2020).

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supply chain software solutions Supply Chain Optimization supply chain budgeting Supply chain 147

Supply Chain Game Changer

MAY 5, 2021

Now, the top Supply Chain professionals are those who can find those efficiencies, while providing a strong customer experience that safeguards the company’s brand. But in the post-COVID-19 world, with its renewed focus on resilience, it looks like more organizations might be listening. But what do you think?

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Supply chain Strategy 52

Spend Matters

OCTOBER 24, 2023

Here’s how Onventis describes itself: “We are pioneers in cloud-based solutions, transforming purchasing and finance processes since 2000. These technologies will have a major impact on purchasing and significantly improve the efficiency and accuracy of procurement processes. Supply chain resilience is becoming increasingly critical.

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Procurement solutions Supply Chain Efficiency supply chain software solutions Procurement 111

EazyStock

JUNE 21, 2022

For example, management might have been cautious about adopting cloud-based supply chain solutions due to security concerns over data breaches and loss of irreplaceable data. In a supply chain, you may risk more than just your own company’s data if you also have access to your supplier’s and customer’s data.

Supply chain management 52

Supply chain management Supply chain management Supply Chain Efficiency supply chain budgeting 52

World of Procurement blog

MAY 8, 2024

Procurement differs from purchasing in a few key ways: Strategic focus : Procurement has a strategic, long-term focus on analyzing spend, reducing costs, managing supplier relationships, and mitigating risk. Purchasing is more transactional and tactical. Purchasing focuses specifically on the buying transaction.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Arkestro

OCTOBER 3, 2024

Routine Indirect Materials Indirect purchases include a variety of goods and services that aren’t part of the finished automotive product. They include safety equipment, office supplies, cleaning, IT, rental cars, and others. Let’s dive into the definitions and the differences between the two.

Procurement 52

Procurement Procurement team Supply Chain Efficiency supply chain budgeting 52

NLPA (Next Level Purchasing Association)

SEPTEMBER 11, 2024

With AI’s lightning-speed evolution, supply chain attacks are expected to become even more sophisticated and harder to detect, putting procurement and logistics professionals on high alert. Understanding and mitigating these risks are essential to maintaining the integrity and resilience of supply chains.

supply chain budgeting 52

supply chain budgeting supply chain software solutions Supply chain Procurement 52

NLPA (Next Level Purchasing Association)

NOVEMBER 22, 2024

Are we prepared for regional risks? Once you map out these risks, you can start putting a plan in place to address them. Spotting Trouble Before It Starts : Everstream Analytics uses AI to analyze patterns and flag potential risks—whether a supplier is struggling financially or a port is facing delays.

Supply chain 52

Supply chain Real-time Visibility Supply Risk 52

Jaggaer

JUNE 28, 2024

The reason being quite simply that there is so much else going on in our organizations and in the world at large that’s grabbing our attention: supply chain disruptions, supplier value management, risk factors, finding the right balance between savings and lead times and, last but not least, sustainability, in particular reducing carbon footprint.

Leadership 52

Leadership Agile and Lean Supply Chain Raw materials Influencing 52

Zycus Cognitive Procurement

JANUARY 24, 2023

Technology: CPOs should look for an integrated platform to manage all the spending and processes, such as third-party risk, sourcing, supply chain, invoicing, contracting, and payments. As per Zycus’ Pulse of Procurement Survey, risk management was the top procurement priority for CPOs in 2022.

Procurement strategies 52

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

IBM Supply Chain Blog

MAY 17, 2024

But as businesses around the globe rapidly adopt the technology to augment processes from merchandising to order management, there is some risk. Only 14% of surveyed consumers described themselves as “satisfied” with their experience purchasing goods online.  The applications of AI in commerce are vast and varied.

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Supply Chain Efficiency Real-time Visibility Supply Chain Optimization e2e 64

IBM Supply Chain Blog

MARCH 21, 2023

Visibility also enables you to reconcile invoices against purchase orders, shipment documentation and receipts to identify quantity and price discrepancies. 69% of consumers “are much less or less likely to shop with a retailer in the future if an item they purchased is not delivered within two days of the date promised.”

Real-time Visibility 77

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

Finale Inventory

AUGUST 15, 2024

Identifying these causes allows businesses to implement strategies to reduce the risks associated with inventory shrinkage. Additionally, the rise of omnichannel retailing and the increasing complexity of supply chains have introduced new challenges to inventory management.

Inventory 52

Inventory Strategy Real-time Visibility Inventory control 52