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Purchasing Suppliers Supply Chain Visibility 
ivalua
DECEMBER 16, 2015
For manufacturers, key functions such as sourcing and supplier management have become more challenging as the result of increasing supply chain complexity. One area that manufacturers need to focus on is improving supply chain visibility. Visibility all the way up the supply chain.
Supply Chain Game Changer
AUGUST 26, 2021
Subscribe to Supply Chain Game Changer. Supply Chain Visibility Has Never Been More Important! Supply Chain visibility article and permission to publish here provided by Adam Miglio. And the limitations in supply chain visibility seem to start right here. Subscribe Here!
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Future-Proofing Enterprise Commerce: Why Extensibility Wins with Shopify
Staying Ahead of UFLPA Enforcement: Best Practices for Retail Supply Chains
Supply Chain Game Changer
SEPTEMBER 5, 2022
Subscribe to Supply Chain Game Changer. Supply Chain Visibility – An Overcomplicated Challenge! A recent Deloitte survey estimated only 15% of CPO’s have visibility beyond their tier one suppliers. I found this striking that there is so little multi-tier Supply Chain visibility.
SCMDOJO
NOVEMBER 20, 2024
Supply Chain Collaboration Solid relationships with suppliers can enhance supply chain visibility. Supply chain visibility with a responsive community is a fantastic combo that optimizes inventory and reduces obsolescence in the blink of an eye.
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Jaggaer
OCTOBER 24, 2024
Building Stronger Relationship s : Effective Approaches to Multi-Tier Supplier Collaboration A chain is only as strong as its weakest link—but what if you can’t evaluate the entire chain? Tier 1 suppliers and their suppliers—and their suppliers’ suppliers—make up an organization’s multi-tier supply chain.
Spend Matters
SEPTEMBER 26, 2023
Forty years ago, the Harvard Business review published Peter Kraljic’s article ‘ Purchasing Must Become Supply Management ,’ which debuted the supplier segmenting method that we now know as the Kraljic matrix. The risk of focusing explicitly on the supplier is that you do not go deep enough.
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Jaggaer
FEBRUARY 28, 2025
Generating More Value: The Relentless Pursuit of Spend Cost Reduction For the second year running, reducing supplier spend remains a top priority for procurement organizations in this years Hackett Group Report. Solutions: Strategic Sourcing: Move beyond transactional purchasing and embrace strategic sourcing.
ivalua
FEBRUARY 8, 2023
As teams worked with suppliers through creative solutions, it became obvious that transparency and supplier risk management are essential components to maintain stability during crises like these. Work to achieve 100% supply chain visibility. Why is visibility so important? Create speed and transparency.
NLPA (Next Level Purchasing Association)
MAY 8, 2023
Supply chain visibility is essential for successful procurement, as it enables businesses to proactively manage risks and optimize their supply chain. By having a clear view of their entire supply chain, businesses can identify potential issues and take steps to mitigate them.
ivalua
FEBRUARY 25, 2021
They may not consider potential issues of integrations, supplier onboarding, supply chain data management, change management and system optimization, all of which add to complexity and costs. Implementation is challenging: Healthcare organizations tend to underestimate what’s involved with successful implementation.
Jaggaer
DECEMBER 5, 2024
Opportunities for Procurement Technology As we look toward 2025, European businesses are reshaping their supply chains to navigate an increasingly complex global landscape. A recent report by Maersk and Reuters Events highlights that 68% of companies are making supply chain visibility and monitoring solutions a top priority.
Procurement Tactics
JUNE 5, 2023
For instance, if an organization in Europe sources raw materials from India, manufactures the product in China, and sells it to customers in its country, then its supply chain is global. The use of advanced technologies and logistics strategies is often necessary to manage the complexity and risks associated with a global supply chain.
Procurement Insights
DECEMBER 3, 2024
STAKEHOLDER (AGENT) 3 What are the main concerns for suppliers meeting ESG specifications? Suppliers face several obstacles in meeting ESG (Environmental, Social, and Governance) specifications, stemming from resource limitations, regulatory complexities, and operational challenges.
Claritum
FEBRUARY 4, 2020
Problems can arise when bespoke requirements are purchased directly by employees throughout the organisation or just “passed through” by overworked buyers who have no time to deal with the suppliers. Resulting in higher purchase costs, errors and inefficiencies. Measuring bespoke purchasing data. Single source.
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Una
OCTOBER 17, 2023
Frank is the Director of Market Strategy at Cleo, where he is focused on helping companies get ahead and stay ahead despite persistent supply chain complexity. The basics of group purchasing Group purchasing refers to the practice of businesses or organizations coming together to purchase goods or services at a discounted price.
ivalua
JANUARY 24, 2022
Dramatic supply and demand shifts during the pandemic prioritized the need for data accuracy to solve short and long term supply chain challenges. Data builds the bridge between your own internal supply chain visibility and the information you provide to your stakeholders. Timeliness is also important.
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IBM Supply Chain Blog
MARCH 21, 2023
Supply chain visibility has been the missing link since the shockwaves of 2020 rippled throughout the world and consumers felt the impacts of broad-based supply chain issues. But what does supply chain visibility mean? The reason boils down to a single word— barriers.
Supply Chain Game Changer
JANUARY 19, 2022
Below are some of the best strategic solutions you can consider to maximize your supply chain’s efficiency and performance: 1. Improve Your Supplier Relationships. When it comes to supply chain and logistics , always remember that the supply chain process starts with your suppliers.
Zycus Cognitive Procurement
FEBRUARY 14, 2022
One such thing is your suppliers and their ability to provide as and when needed. You not only miss out on opportunities but also risk major setbacks due to possible supplier disruptions. The first step to building a resilient supply chain is strengthening your relationships with suppliers. Why now, you may ask.
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SCMDOJO
JANUARY 30, 2023
During her tenure as a supply chain professional, Barra has been credited with implementing a new global purchasing and supply chain system, which helped GM reduce costs and improve its supply chain operations.
Supply Chain Game Changer
NOVEMBER 16, 2022
It helps bring predictability to Strategic Sourcing, automates Transactional Procurement (or P2P cycle), and enables proactive Supplier Risk Management. Collaborating with the suppliers without any systems would mean wasting time searching through voicemails, printed documents, and email threads to locate the needed information.
Claritum
FEBRUARY 4, 2020
Problems can arise when bespoke requirements are purchased directly by employees throughout the organisation or just “passed through” by overworked buyers who have no time to deal with the suppliers. Resulting in higher purchase costs, errors and inefficiencies. Measuring bespoke purchasing data. Single source.
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SCMDOJO
AUGUST 16, 2023
[Read More: The Ultimate Guide to Contract Logistics: What You Need to Know ] Information Technologies Driving Efficiency In Walmart’s journey towards becoming a global leader, information technologies have played a pivotal role in driving efficiency within the integrated Walmart supply chain.
Supply Chain Game Changer
OCTOBER 25, 2022
However, the chain must be streamlined to avoid wasting time and money. This means making sure every aspect of the process is working as it should, including logistics and operations, suppliers, and the internal team. Evaluate your current supply chain. Increase supply chain visibility.
IBM Supply Chain Blog
JUNE 30, 2023
Doing so streamlines purchasing power and optimizes inventory management. Once hospital systems have real-time inventory visibility, order orchestration and supplier collaboration, they can enable greater customer satisfaction with options like online purchase with store pickup.
Let's Talk Supply Chain
AUGUST 12, 2024
Today Evan Smith, Co-Founder and CEO at Altana, joins me to talk all about Altana and what they do; their mission to fix globalization and improve global commerce for everyone; the role of AI in making data accessible and actionable; and how Altana are delivering more than twice the supply chain visibility of any other provider.
Supply Chain Game Changer
NOVEMBER 19, 2018
The Supply Chain is directly responsible for the payment terms for Accounts Payable, Inventory (this does vary between companies), and even the negotiated terms for Capital purchases. Supply Chain has a central and pivotal role, if not the controlling responsibility, for Cash Cycle management.
The Good Spending
JUNE 15, 2022
It presents industrial buying not as a single event but as an organizational decision-making process where multiple individuals decide on a purchase. New Tasks The first-time buyer seeks a wide variety of information to explore alternative purchasing solutions to their organizational task.
Let's Talk Supply Chain
OCTOBER 3, 2022
SEKO provides complete supply chain solutions, specializing in transportation, logistics, forwarding and warehousing. Powered by their innovative and customizable IT solutions, SEKO provide a seamless flow of information, giving their ever-growing customer base true supply chain visibility.
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NLPA (Next Level Purchasing Association)
JANUARY 17, 2023
Supply Chain Agility and Visibility. Limited visibility can increase the total cost to serve and the total cost of ownership, reduce supply chain performance and increase the loss of value in your supply chain. Decisions around Supplier Selection. Purchasing Training Tidbits.
EazyStock
JUNE 16, 2022
Having systems and processes in place to reduce the possibility and subsequent impact of supply chain issues is extremely important. Advancing technologies, such as artificial intelligence and machine learning, make connectivity and supply chain visibility easier. Managing suppliers with AI and ML.
Supply Chain Game Changer
AUGUST 3, 2021
For far too long Supply Chain has not got the respect that it deserves. There are many reasons for this lack of due consideration: Many Supply Chain operations, like manufacturing, purchasing, warehousing, and logistics are hands on, blue collar type jobs.
NLPA (Next Level Purchasing Association)
NOVEMBER 22, 2024
Step 1: Find the Weak Spots Here’s a truth that stings: every supply chain has vulnerabilities. Start by asking: Who are our critical suppliers? Do we know which suppliers are in disaster-prone areas? Here’s how to make it happen: Diversify Your Suppliers : Don’t rely on just one. The good news?
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Arkestro
DECEMBER 12, 2022
Limited Supplier Network. Relying on a limited number of suppliers can lead to back-orders and other delays. Constrained supply chains and the associated shortages have resulted in mounting pressures for organizations to diversify their supplier bases. Supply Chain Visibility. Managing risk.
Procurement Software
MARCH 7, 2023
The digital P2P process provides intelligent transaction automation between your company, suppliers and their receipt of payments. One of the first things to be digitised was the transfer of money from customer to supplier, via bank transfer. The P2P process deals predominantly with administrative purchasing tasks.
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Supply Chain Game Changer
JULY 1, 2021
A PayPal study shows that 43% of shoppers will abandon their carts if hit with high shipping costs, while 84% won’t purchase from a brand again after a single negative delivery experience. Of course, a supply chain upgrade is a major investment that may require you to obtain a working capital loan from reliable lenders.
Una
APRIL 23, 2024
Why Do We Need Supply Chain Visibility? Tips for Building an Effective Procurement Data Strategy Robots in Procurement Supplier selection & risk management Think of machine learning as your trusted advisor when it comes to choosing and monitoring suppliers.
Una
OCTOBER 17, 2023
By Hugo Britt | October 17, 2023 Search Search “Hey, Procurement?” “Yes, Dave?” “Contact Supplier X’s chatbot and see if you can negotiate a 15-day increase on payment terms for all products.” 24/7 Support Chatbots are available round the clock to assist users with their purchasing requests and inquiries. Sure, Dave.
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EazyStock
MARCH 17, 2021
Holidays affect supply chains in a couple different ways. Customers will flock to stores and websites to purchase gifts and holiday décor. The other effect that holidays have on the supply chain, however, lies at the other end: manufacturing. Mitigate Risk of Supply Chain Disruption.
EazyStock
JUNE 11, 2020
New energy efficiency regulations and standards are set for 2023 regarding certain HVAC systems, making it past time for distributors to start sourcing suppliers and diversifying their product portfolios for the products they’ll need in order to keep up with a new demand. Seasonal item profile in EazyStock. Complete Inventory Overview.
Una
JUNE 5, 2024
Building resilient supply chains So, what defines a resilient supply chain? It’s not just about having a backup supplier or two – it’s about building an entire ecosystem that can flex and pivot as needed. Why Do We Need Supply Chain Visibility?
Procurify
JUNE 8, 2022
As businesses grow and scale, oftentimes, so does their supply base and the number of suppliers they work with. As you grow, you want to optimize your supply base. According to Industry Star, most businesses spend 80 percent of their cost of goods sold (COGS) with just 20 percent of their suppliers. . Last PO issue date
Jaggaer
OCTOBER 3, 2024
Next, supplier benchmarking is a really important lever: our customers see significant savings if they continuously review pricing. Finally, setting supplier performance targets (for example, on-time delivery and defect rates) and continuously monitoring them is essential to avoid cost growth. Which are our strategic suppliers?
Procurement Software
DECEMBER 5, 2022
The digital P2P process provides intelligent transaction automation between your company, suppliers and their receipt of payments. One of the first things to be digitised was the transfer of money from customer to supplier, via bank transfer. It enables: Building stronger relationships with your key suppliers.
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