Procurement Insights

FEBRUARY 18, 2025

Fragmented Supplier Networks & Lack of Standardization Why It’s a Challenge: Packaging companies work with diverse suppliers , including raw material providers (paper, plastics, metals), logistics partners, and contract manufacturers. Inconsistent tracking of shipment notices and delivery updates.

Purchase orders 52

Purchase orders Collaboration Purchasing Suppliers 52

Supply Chain Game Changer

APRIL 7, 2020

In the midst of the Coronavirus pandemic the need for complete, end to end Supply Chain visibility has never been more important! The necessity for visibility started with store shelves being emptied of toilet paper , food, and various household items. Supply Chain visibility and the Digital Supply Chain has never been more important!

Supply Chain Visibility 88

Supply Chain Visibility e2e Real-time Visibility supply chain software solutions 88

Let's Talk Supply Chain

MARCH 24, 2025

This turbulence is reshaping the landscape of the electronics industry,prompting companies to reevaluate their sourcing strategies‍ and operational resilience. The shifting landscape has led to chaos, emphasizing the urgent need for collaborative approaches among key players to navigate these turbulent times.

supply chain budgeting 52

supply chain budgeting Supply Chain Optimization Supply Chain Efficiency Demand 52

Supply Chain Game Changer

SEPTEMBER 5, 2022

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. Visibility comes at a cost – one we’ve spoken about before: trust.

Supply Chain Visibility 95

Supply Chain Visibility Real-time Visibility Supply Chain Efficiency supply chain budgeting 95

Procurement Insights

MARCH 27, 2025

AdaptOne could provide significant value to Byrne Dairy , a food and beverage company, by optimizing and digitizing its procurement operations particularly in supplier management , compliance tracking , and procurement workflow visibility. Here’s how: 1. We aim to improve supplier onboarding, ensure regulatory compliance (e.g.,

Real-time Visibility 52

Real-time Visibility e2e Suppliers Supply Chain Efficiency 52

IBM Supply Chain Blog

OCTOBER 13, 2023

In IDC’s 2022 Global Supply Chain Survey , they identified that “lack of visibility and resiliency to see necessary changes in time to react effectively” was the most problematic and unaddressed deficiency in modern supply chain management and inventory optimization.

Real-time Visibility 67

Real-time Visibility Supply Chain Optimization Supply Chain Efficiency Inventory 67

Procurement Tactics

JUNE 19, 2023

Artificial intelligence is being used to automate routine and time-consuming work in warehouses such as packing and sorting of goods which helps to improve efficiency, reduce errors and costs. It is also used to improve the accuracy of demand forecasting, inventory management , and transportation planning.

Logistics 193

Logistics supply chain budgeting supply chain software solutions Real-time Visibility 193

Jaggaer

OCTOBER 24, 2024

Suppliers contribute their expertise in battery technology, lightweight materials, electronic components etc., The result is a vehicle that meets market demands for sustainability and performance while reducing time to market and production costs. leading to a more innovative and efficient final product.

Collaboration 52

Collaboration Innovation Suppliers supply chain budgeting 52

Procurement Leaders

JUNE 10, 2024

Just 1% of respondents to a poll Procurement Leaders conducted at the World Procurement Congress said they have “excellent” multi-tier visibility of the supply base. In real terms, this translates to three of those who responded to our poll claiming they had “cracked the code” of supply chain transparency. This is surprising.

e2e 100

e2e Real-time Visibility Supply Chain Efficiency Raw materials 100

ivalua

FEBRUARY 27, 2023

Manufacturers have unique insight into the state of global inflation – they’re often hit earlier and harder than other industries by increasing overhead costs, from raw materials prices to wages. Ivalua provides a comprehensive set of integrated solutions that span the entire Source-to-Pay lifecycle.

Real-time Visibility 130

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

SCMDOJO

APRIL 24, 2024

These technologies can examine huge portions of data from multiple sources, and recognize patterns and tendencies that would be impossible for humans to discern. Whether it will be worth it, only time will tell. An expensive one, we dare say. Blockchain and supply chain transparency We can’t complete our list without blockchains.

Supply Chain Efficiency 90

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization supply chain budgeting 90

SCMDOJO

APRIL 29, 2024

From sourcing raw materials, manufacturing, and storage, to transportation and distribution, SCM ensures efficiency and cost-effectiveness throughout the entire journey. Sourcing: Sourcing is all about finding reliable suppliers, negotiating contracts, and managing relationships.

Supply chain management 98

Supply chain management Supply chain management Agile and Lean Supply Chain supply chain budgeting 98

Procurement Insights

MARCH 18, 2024

“Supply chain visibility refers to the ability to track and monitor products, materials, and information as they move through the various stages of a supply chain, from the sourcing of raw materials to the delivery of the final product to the end consumer. Keep that in mind.

Supply Chain Efficiency 85

Supply Chain Efficiency e2e Supply chain Real-time Visibility 85

Procurement Templates

JUNE 18, 2023

ChatGPT Inflation refers to the general increase in prices of goods and services in an economy over time, resulting in a decrease in the purchasing power of money. It can be due to factors such as rising wages, higher raw material prices, or increased taxes. What is inflation?

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

IBM Supply Chain Blog

FEBRUARY 13, 2024

For sourcing teams, that means pivoting their mindset around selecting suppliers from a tactical, lowest-cost-above-all approach to a strategic one. Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals. And from that group, 71% would pay a premium for it.

Strategic sourcing 78

Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 78

SCMDOJO

APRIL 22, 2022

At such a time, NFTs will prove their worth. With the ability to know the real-time movement of the product due to its tokenization system, a company can easily find out the owner of the asset by quick scans and running reports. The tokenization system will also improvise how inventories are managed in the supply chain.

Supply Chain Efficiency 137

Supply Chain Efficiency Supply chain Real-time Visibility Supply 137

Procurement Express

DECEMBER 31, 2024

It integrates with cost accounting systems to track spending, ensures smoother workflows for accounts payable and accounts receivable, and provides real-time visibility into purchasing activities. By providing real-time insights, it helps businesses identify unnecessary spending and make informed decisions to optimize budgets.

supply chain software solutions 40

supply chain software solutions Purchase orders Procurement Real-time Visibility 40

Supply Chain Game Changer

JULY 21, 2021

In supply chain, simply observing your entire supply chain in action to assess it is not possible, but with data and a reliable performance management system like The Owl, you can at-least have a real-time view of your supply chain performance through KPIs and metrics. Customer Lead Time (Service). OTIF (Service).

Supply Chain KPIs 98

Supply Chain KPIs supply chain budgeting Supply Chain Efficiency supply chain software solutions 98

Procurement Tactics

JUNE 6, 2023

The Importance of Forecasting Your Inventory Imagine you are the owner of a bustling retail store, offering a wide range of products that customers love. Your goal is to keep your shelves stocked with the right amount of inventory at all times. Trend Forecasting Trends represent changes in product demand over time.

Inventory 170

Inventory Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 170

Supply Chain Game Changer

AUGUST 24, 2021

Leveraging relevant technology in the supply chain from the moment your suppliers bring in raw materials, during storage of the materials and manufactured products in the warehouse, and distribution of products to the final consumer can increase efficiency, boost production, reduce time wastage and improve business revenues.

Supply Chain Optimization 119

Supply Chain Optimization Supply Chain Efficiency Supply chain Real-time Visibility 119

Supply Chain Game Changer

OCTOBER 6, 2020

Now that we face the prospect of a second wave of the virus, how should Supply Chain professionals focus their time and energy ? There were calls to domestically source materials, or to establish Parallel Supply Chains. Wearing masks, social distancing, washing hands, and more will likely be the norm for some time to come.

Supply chain 105

Supply chain Real-time Visibility e2e Supply 105

Supply Chain Game Changer

JULY 14, 2020

The very real problem of healthcare Personal Protective Equipment (PPE) and ventilator shortages has highlighted problems with National Strategic Stockpiles. The visibility to and the impacts of this disruption is also unprecedented. Dual Sourcing. A clear problem highlighted by the pandemic is with single sourcing strategies.

Agile and Lean Supply Chain 93

Agile and Lean Supply Chain Supply Chain Optimization Supply chain Real-time Visibility 93

Procurement Tactics

JUNE 26, 2023

Additionally, the geopolitical tension between these two countries caused significant supply chain disruption as the majority of US sourcing companies withdrew their investments from China and started procuring goods from other countries such as Taiwan, Vietnam, and Australia. Thus, this explains the slow US dropshipping growth.

Price 195

Price Suppliers Negotiation Real-time Visibility 195

SCMDOJO

DECEMBER 28, 2023

This integration ensures the visibility of inventory, efficient order processing, and synchronized fulfilment across all channels. Having clear visibility into inventory is critical for omnichannel fulfilment. Limited Visibility: These supply chains have restricted visibility, with real-time information being scarce.

Supply Chain Efficiency 98

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

Supply Chain Game Changer

FEBRUARY 8, 2022

Commodity and raw material shortages of every kind have delayed the manufacturing and distribution of goods across most industries, driving up prices in the process. Once admired just-in-time systems have faltered badly. This type of visibility would also allow for instantaneous course corrections based on what is going on.

Supply chain 90

Supply chain Real-time Visibility e2e Supply 90

Procurement Express

DECEMBER 31, 2024

In this article, we’ll go over a few ways to improve the process: education, gaining spend visibility , categorizing spend by supplier or department, etc. Understanding these categories is the first step toward better visibility, smarter procurement processes, and tighter budget control. What’s Behind This Disconnect?

Spend management 40

Spend management Strategy Management Real-time Visibility 40

Arkestro

APRIL 25, 2023

Resources / Blog / Reducing Construction Costs & Improving Sourcing Efficiency with Predictive Procurement Reducing Construction Costs & Improving Sourcing Efficiency with Predictive Procurement Construction companies face a host of challenges in the post-COVID era. from February 2020 to August 2022.

Supply Chain Efficiency 52

Supply Chain Efficiency Sourcing supply chain budgeting Real-time Visibility 52

IBM Supply Chain Blog

FEBRUARY 19, 2024

The pandemic and its aftermath highlighted the importance of having a robust supply chain strategy , with many companies facing disruptions due to shortages in raw materials and fluctuations in customer demand. Automation Automation can streamline supply chain operations, from order fulfillment to inventory tracking.

supply chain software solutions 81

supply chain software solutions Supply chain management Supply chain management Supply Chain Efficiency 81

Supply Chain Game Changer

MAY 23, 2022

A company’s supply chain usually comprises all the operations between sourcing raw materials and delivering the product to customers. Through knowledge management, supply chains have access to more complete and accurate information within the organization and external sources. Subscribe to Supply Chain Game Changer.

Supply chain management 95

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

Arkestro

MAY 16, 2022

Using a huge range of raw materials for production, companies in this industry supply chemicals to virtually every sector. Shipments are global, and so are the sources of raw materials. Some raw materials are in short supply. But seeing the raw numbers puts it in a little more perspective.

Raw materials 52

Raw materials Procurement Real-time Visibility supply chain software solutions 52

Supply Chain Game Changer

JULY 3, 2019

But, as stakeholders in the future of tomorrow, we also have to be conscious about the necessary steps to realize sustainable impact, for real. So, what are the steps that need to be taken in businesses globally to make real sustainable impact? Sustainability is created at the source of our products, services, and consumption.

Sustainability 58

Sustainability Sourcing Supply Chain Efficiency Real-time Visibility 58

Supply Chain Game Changer

MAY 4, 2021

Schedules would be adhered to, deliveries would be made on time, commitments would be met, financial results would be accurate, customers would be delighted, employees would be happy, and stakeholders would be sitting back at ease watching their company flourish. Reduce, if not eliminate, single or sole sourced materials and services.

Strategy 92

Strategy Real-time Visibility Agile and Lean Supply Chain Supply chain 92

IBM Supply Chain Blog

NOVEMBER 3, 2022

When your sourcing team chooses what to buy and who to buy from, are you selecting vendors who share the same social values as your brand? If you haven’t been thinking about these questions, the time to start is now. Inventory positioning: Visibility across your entire network allows you to optimize the fulfillment of each order.

Supply Chain Efficiency 107

Supply Chain Efficiency Agile and Lean Supply Chain Sustainability Supply Chain Optimization 107

SCMDOJO

OCTOBER 14, 2023

It comprises all elements from the origin (the raw material) to the consumption networks (end users). Now, real-time connections provide more accurate data and information, which helps create collaboration in the digital world. It has made visible changes in the SCM systems.

Supply Chain Efficiency 105

Supply Chain Efficiency supply chain software solutions Supply chain management Supply chain management 105

SCMDOJO

JUNE 17, 2024

Port congestion at the main global crossroads in recent times has revealed the susceptibility of supply networks to logistical constraints. Maintain an updated risk inventory that includes historical data, current threats, and emerging risks. Risk Analysis: Evaluate each risk’s impact and likelihood.

Supply Chain Efficiency 98

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization Supply chain 98

World of Procurement blog

MAY 8, 2024

It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations. Sourcing : Procurement uses competitive bidding, e-sourcing, and supplier development. What is Procurement?

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Una

APRIL 11, 2023

The ERP “one source” database contains all the information needed to run the business, as well as various modules that correspond to different business functions, such as finance, manufacturing, human resources, customer relationship management, and procurement. Customization : ERPs are not off-the-shelf products.

supply chain software solutions 98

supply chain software solutions Real-time Visibility Supply Chain Efficiency Raw materials 98