ivalua

AUGUST 26, 2015

Thus when launching an information gathering initiative, it can be difficult to ascertain where to put the most time to get the fastest and strongest return on the project. Providing the supplier with access to the same data in real time can also enable resolutions before problems grow too large. Initiate a performance review.

Suppliers 173

Suppliers Real-time Visibility Sourcing Quality 173

Procurement Tactics

MAY 22, 2023

The goal of integrated logistics is to optimize the entire supply chain by minimizing costs, improving efficiency, and ensuring timely delivery of products to customers. Improved operations Sharing performance data in real-time among various departments within logistics organizations can enhance operational efficiencies.

Logistics 207

Logistics supply chain software solutions supply chain budgeting Supply Chain Optimization 207

ivalua

JUNE 4, 2020

A review of the key elements in supplier management for manufacturers and how Source-to-Pay procurement technology can support the journey towards supply chain resilience and agility in times of crisis. Supplier Data Quality & Management in Decision Making. Transparency, or ability to scale data, across an organization.

Agile and Lean Supply Chain 173

Agile and Lean Supply Chain Supply chain resilience Supply Chain Efficiency Supply chain 173

Procurement Tactics

DECEMBER 21, 2022

After taking the time to read this article, you will have a deeper understanding of what supply chain collaboration is all about. Thus, allowing you to know if your decision is right when the time comes you are going to collaborate in the supply chain. . Product quality and safety. Defining Supply Chain Collaboration.

Collaboration 199

Collaboration Supply Chain Optimization Supply Chain Efficiency Supply chain 199

ivalua

JULY 16, 2020

A lack of digital maturity and a focus on supplier cost and quality are also limiting green practices. The results show businesses face several hurdles when implementing sustainability initiatives, with 93% claiming it is challenging to gain visibility into suppliers to track the environmental impact of their supply chain.

Sustainability 130

Sustainability Real-time Visibility supply chain budgeting Supply chain 130

ivalua

MAY 30, 2022

Consumers also expect transparency – in product origin, quality standards, and how organizations are improving their environmental and sustainability efforts. . These autonomous ecosystems are connected by data that is continuously available to all stakeholders, optimizing information quality and improving decision-making.

Supply Chain Efficiency 130

Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain Supply Chain Optimization 130

Una

AUGUST 17, 2022

This is where strategic sourcing professionals spend most of their time, communicating directly with their top suppliers through an SRM program , and using cutting-edge procurement software to analyze spend and track risk. Quality concerns. It’s lean, it’s hard to get under control, and can sometimes be a little scary. Social factors.

Real-time Visibility 98

Real-time Visibility Spend management Procurement team Purchasing 98

Procurement Tactics

MAY 31, 2023

Inventory control helps to avoid the various costs associated with purchasing excessive inventory and the strains of operating without sufficient inventory. If a company can lower inventory, it may discover new funds available for expansion or profits. Thus, learning how to control warehouse inventory is essential.

Inventory control 174

Inventory control Inventory Real-time Visibility supply chain budgeting 174

IBM Supply Chain Blog

JUNE 30, 2023

These struggles are inconvenient, adversely impact the quality-of-care patients receive and increase staff stress levels. Doing so streamlines purchasing power and optimizes inventory management. ​ Step 3: Increase traceability Along the supply chain, actionable real-time data is often unavailable, lacking or siloed.

Supply Chain Efficiency 77

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

Procurement Tactics

JULY 23, 2023

The main goal of last mile logistics is to ensure that goods or services ordered by customers are delivered efficiently and on time. This tracking system enables real-time updates on the shipment’s whereabouts and estimated delivery time. This control is essential to exceed customer delivery expectations.

Logistics 209

Logistics Supply Chain Efficiency Supply Chain Optimization Real-time Visibility 209

ivalua

JULY 8, 2020

Supplier Data Quality & Management in Decision Making. These challenges in the direct material supply chain pose a real threat, especially in a time of crisis. The key to the success of these strategies begins with communication and transparency, both of which are also essential in times of crisis. Financial, etc.).

Agile and Lean Supply Chain 26

Agile and Lean Supply Chain Supply chain resilience Supply Chain Efficiency Supply chain 26

ivalua

JANUARY 24, 2022

Data is central to successful digital transformation to relay real-time information and greater visibility into operations and resource allocation. We’ve always been focused on ensuring that we have high-quality data that’s accessible and secure. Timeliness is also important.

Data 130

Data Real-time Visibility Procurement Supply Chain Efficiency 130

Una

OCTOBER 17, 2023

EPISODE 137 Using Visibility to Combat Supply Chain Abstraction with Frank Kenney By Kelly Barner | October 18, 2023 In the race to build global empires of data and digital systems, today’s businesses must not risk forgetting what all of those zeroes and ones mean.

supply chain budgeting 81

supply chain budgeting Real-time Visibility Supply Chain Efficiency Supply chain 81

SCMDOJO

JUNE 14, 2023

But before we get to that, let’s establish why supply chain visibility matters. Why Supply Chain Visibility Matters In the First Place Supply chain visibility refers to the ability to track and monitor products as they move through the supply chain. Having supply chain visibility is crucial for several reasons.

Supply Chain Efficiency 104

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting Supply chain 104

Spend Matters

JANUARY 14, 2025

Approval lead time is another important metric. In the hybrid work environment, companies strive to route approvals to the correct approvals quickly and answer questions promptly without sacrificing audit quality. Lastly, customers measure annual dollar savings to demonstrate tangible financial returns.

Real-time Visibility 100

Real-time Visibility Procurement Budget Procurement team 100

SCMDOJO

APRIL 29, 2024

A well-established sourcing strategy helps businesses secure the best quality materials at the most competitive prices. Efficient production processes, quality control measures, and lean manufacturing techniques are crucial for optimizing productivity and minimizing waste.

Supply chain management 96

Supply chain management Supply chain management Agile and Lean Supply Chain supply chain budgeting 96

Planergy

DECEMBER 25, 2023

How to gain visibility and control of your indirect spend. Thanks to AI and other tools, you can now make better decisions with real-time data. But what exactly is FP&A, and how is it evolving with the advent of real-time data? How to report and analyze indirect spend to identify savings opportunities.

Real-time Visibility 52

Real-time Visibility Data Budget Strategic planning 52

ivalua

JUNE 1, 2022

Overall, their strategy must move toward data-driven decision-making to provide real-time information visibility. Creating fuller visibility into supplier risks, Amrest has the power and intel to switch localizations or deliver from different warehouses, creating a stronger supply chain. .

Real-time Visibility 130

Real-time Visibility Agile and Lean Supply Chain Supply Chain Efficiency Procurement 130

Supply Chain Game Changer

SEPTEMBER 22, 2022

High-quality procurement software can be used for everything from Inventory management to budgeting. Spend Visibility. Spend visibility is a pretty big deal when it comes to procurement or any type of invoicing management for that matter. Transparency is a good thing when it comes to spending visibility.

supply chain budgeting 101

supply chain budgeting Real-time Visibility supply chain software solutions Procurement 101

SCMDOJO

MAY 6, 2022

The growth of coding capabilities and accessible resources can help several firms consolidate data sources and create real-time visibility throughout the end-to-end supply chain using no-code development platforms. The benefits include cost savings and a quick turnaround time from development to implementation.

supply chain software solutions 127

supply chain software solutions Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 127

ivalua

MAY 19, 2022

By removing the friction in global supply chains, for the first time, the payment and the sourcing event are seamlessly linked. This allows for part-payments, quality or milestone-based contract terms, even payment on receipt to be visible to the supplier, finance, treasury, and the buyers.

Supply Chain Efficiency 130

Supply Chain Efficiency Real-time Visibility e2e Buyers 130

Supply Chain Game Changer

MARCH 16, 2021

When the end consumer used a coffee pod the specifics of that actual, real time consumption would be tracked electronically. By amassing real time consumption data across all end consumers with these smart coffee makers our customer could see real time demand patterns across their entire market.

supply chain software solutions 100

supply chain software solutions supply chain budgeting Supply Chain Optimization Supply Chain Efficiency 100

SCMDOJO

AUGUST 16, 2023

[Read More: ERP Master Data: A Guide to Improve Quality & Governance ] Role of Data Analysis through Barcode Scanning and Point-of-Sale Systems Data analysis is at the core of Walmart’s supply chain prowess. By employing RFID tags on products, Walmart can track the movement of inventory throughout the supply chain in real-time.

Supply Chain Efficiency 92

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization Supply chain 92

Procurement Tactics

JUNE 26, 2023

Social Media Trends Instagram, TikTok, Facebook, and Pinterest are the best channels that offer real-time trending products to sell. These tips will likely change over time so constant research and informed decisions will play a big part. He has helped me immensely every time I spoke with him. Here are the top 3 tips: 1.

Price 195

Price Suppliers Negotiation Real-time Visibility 195

IBM Supply Chain Blog

FEBRUARY 28, 2024

This helps reduce errors to improve data quality and response times to questions, which improves customer and supplier satisfaction. The ability to make these sourcing decisions in real-time can help increase profits during peak demand periods and better meet customer expectations.

Sourcing 94

Sourcing Strategy Supply Chain Efficiency e2e 94

Supply Chain Game Changer

MAY 31, 2022

These facilities must be able to produce the same products to the same quality standards. Finally, there must be an improvement in the supply-demand planning in this industry, with more real time visibility to demand patterns and more real time reactivity to market dynamics.

Supply chain 123

Supply chain Supply Real-time Visibility Demand 123

ivalua

SEPTEMBER 19, 2022

Loss of sales and market share are the most visible and measurable impacts. Under pressure to quickly identify new sources of supply, due diligence has–at times been reduced, thereby increasing the likelihood of quality issues, unknowingly supporting forced labor, or exposing organizations to fraud. Few knew until impacted.

Risk management 130

Risk management Supply Chain Efficiency Supply Chain Optimization Risk 130

SCMDOJO

MARCH 28, 2023

In supply chain management, blockchain can be used to track products from their origin to their final destination, providing a secure and transparent way to verify the authenticity and quality of products. This application eliminates redundant paperwork and provides real-time freight tracking.

Supply Chain Efficiency 115

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization supply chain software solutions 115

SCMDOJO

JUNE 14, 2023

As a result, businesses can optimize their logistics processes using Orchestration and save time and resources. This technology allows businesses to monitor their supply chain from order placement to final delivery in real-time. This increased visibility leads to more efficient supply chain and inventory management.

Supply Chain Efficiency 95

Supply Chain Efficiency Real-time Visibility Supply Chain Optimization Logistics 95

ivalua

MARCH 9, 2023

By gaining visibility into spending patterns, demand, supplier performance, and supply markets–opportunities will be uncovered. Supplier on-boarding time: S2P can significantly reduce the time it takes to on-board new suppliers.

Sourcing 130

Sourcing Real-time Visibility e2e supply chain software solutions 130

Spend Matters

OCTOBER 31, 2024

Primarily, our customers are prioritising supply chain visibility, adopting proactive risk management strategies and staying compliant with evolving regulations. The future of risk technology will focus on AI-driven automation, improving data quality and ensuring compliance.

Risk management 87

Risk management Risk Management Real-time Visibility 87

SCMDOJO

APRIL 4, 2023

When it comes to managing a supply chain, having access to real-time data can be a game-changer. By providing visibility into every aspect of the supply chain, companies can identify bottlenecks, reduce waste, and minimize delays. This can result in faster delivery times and improved customer satisfaction.

Supply Chain Analytics 111

Supply Chain Analytics supply chain budgeting Supply Chain Optimization Supply Chain Efficiency 111

SCMDOJO

JULY 1, 2024

Real-time Visibility: Provide real-time visibility into order status and inventory levels for both customers and internal stakeholders. Clear Communication: Maintain clear and timely communication with customers throughout the order lifecycle. Payment is captured automatically or manually.

Order Fulfillment 88

Order Fulfillment Real-time Visibility Management Supply Chain Optimization 88

Supply Chain Game Changer

MAY 17, 2022

Even before the pandemic occurred, it was standard practice in most companies to have a Supply Chain team that had to react in real time to unforeseen circumstances. I’ve lived through these nightmare scenarios many times, as a high-priced expediter. The result is that they continue to spend all their time fighting fires.

Supply chain 106

Supply chain Real-time Visibility Supply e2e 106

IBM Supply Chain Blog

JANUARY 23, 2024

Procurement departments tend to be less visible to many stakeholders than sales, operations or even finance departments, but the impact they have on everything from the bottom line to product quality and service delivery shouldn’t be overlooked, which is why “procurement excellence” is a worthy pursuit.

Procurement 86

Procurement Real-time Visibility Contract Suppliers 86

Supply Chain Game Changer

MAY 23, 2022

With reduced duplication of effort and time-saving, knowledge is more effectively utilized. Access to knowledge and expertise also increases employee participation, commitment, and loyalty since they do not need to spend time searching for answers or resources. Ensures products and services quality assurance.

Supply chain management 95

Supply chain management Supply chain management Supply Chain Efficiency supply chain budgeting 95

Supply Chain Game Changer

NOVEMBER 16, 2022

Collaborating with the suppliers without any systems would mean wasting time searching through voicemails, printed documents, and email threads to locate the needed information. Management can review orders in real-time and spend time on exceptions raised by the system. Real-time data and analytics.

Supply Chain Efficiency 19

Supply Chain Efficiency Procurement Real-time Visibility Supply Chain Optimization 19