Jaggaer

OCTOBER 24, 2024

That’s why supplier collaboration—that consistent, trusted, and responsive interaction between supplier and manufacturer—is pivotal to manufacturing success. Supplier Collaboration vs. Supplier Relationship Management What good is having the best suppliers if you can’t communicate well enough to leverage their products and skills?

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Collaboration Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

IBM Supply Chain Blog

FEBRUARY 28, 2024

Sourcing is getting smarter. To start, many organizations have already pivoted from a tactical to a strategic sourcing mindset—which can make all the difference when it comes to gaining and retaining a competitive advantage. But now, the benefits of strategic sourcing are becoming even more attainable thanks to innovation.

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Sourcing Strategy Supply Chain Efficiency e2e 94

Jaggaer

OCTOBER 24, 2024

Tier 1 suppliers and their suppliers—and their suppliers’ suppliers—make up an organization’s multi-tier supply chain. Collaboration across Tier 1, Tier 2, Tier 3, and beyond requires visibility and communication regarding capacity, cost, risk, order quantities, inventory levels, quality , timelines, logistics, and more.

Collaboration 52

Collaboration Supply Chain Efficiency Suppliers Real-time Visibility 52

ivalua

FEBRUARY 25, 2021

For example, a single-stack approach can lead to low user adoption, because the incumbent sourcing solution, for example, fails to meet the needs of various business units. . Best-in-class solutions do a better job of capturing usage data for healthcare products at the time of patient use. Demand planning capabilities.

supply chain budgeting 221

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

SCMDOJO

MARCH 24, 2025

3) Supplier Evaluation Purchase Price Variance (PPV) assists in evaluating supplier relationships and managing supplier selection. It helps determine the accuracy of supplier pricing. Checkout SCMDOJO’s Supplier Excellence Manual, your go-to supplier management guide!

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Price Purchasing supply chain budgeting Raw materials 69

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. There are many supply chain management lessons to learn from the Covid-19 crisis.

Agile and Lean Supply Chain 173

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

Arkestro

AUGUST 1, 2022

For the longest time, the procurement scale has tipped in favor of the buyer. Constrained supply chains and the associated shortages have resulted in mounting pressures from the government and investors for organizations to diversify their supplier bases. Why Is Supplier Relationship Management Taking a Front Seat?

Supplier relationship management 52

Supplier relationship management Suppliers Management Buyers 52

Empowering CPO

JUNE 27, 2023

This transformative practice enables organizations to delve deep into their purchasing data, gaining invaluable insights that can revolutionize their supplier relationship management (SRM) strategies.

Supplier relationship management 52

Supplier relationship management Suppliers Management Negotiation 52

SCMDOJO

FEBRUARY 5, 2025

Real-World Focus: SCMDOJO courses often incorporate real-world case studies, expert interviews, and practical exercises, ensuring that you gain relevant and applicable knowledge. The interactive approach caters to learners who want to develop practical skills and gain real-world insights.

Procurement 59

Procurement Real-time Visibility supply chain budgeting Supply Chain Optimization 59

Empowering CPO

MAY 31, 2023

Introduction In today’s interconnected world of business, Supplier Relationship Management (SRM) stands as a pillar of success for organizations across the globe. It’s the concerted effort of strategically planning and managing all interactions with suppliers that supply any goods and/or services to an organization.

Supplier relationship management 52

Supplier relationship management Collaboration Suppliers Supply Chain Efficiency 52

Procurement Insights

FEBRUARY 20, 2025

SAP Ariba : A leading procurement software company, SAP Ariba offers a comprehensive suite of solutions for supplier management, strategic sourcing, procurement, and financial supply chain management.

supply chain software solutions 52

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

ivalua

JUNE 11, 2019

For the longest time, leading Procurement technology providers in my experience just ignored this space. The goal being to build in best practices that we’ve seen across our Public Sector customers, so that they are able to deploy and get up and running faster, thereby drastically reducing time-to-value.

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Procurement e2e Real-time Visibility Competitive bidding 169

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.

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Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 78

Una

AUGUST 30, 2022

A recent paper from Deloitte has helpfully categorized digital procurement into three areas: automated P2P (Procure-to-Pay), proactive SRM (Supplier Relationship Management), and predictive S2C (Source to Contract). How to Improve Strategic Supplier Relationship Management. Better customer service.

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Procurement e2e Supplier relationship management Real-time Visibility 98

The Procuretech Podcast

SEPTEMBER 21, 2021

Sheldon explains how he built a tech platform based off the back of what he's tried to build Excel formulas and macros to measure: the performance-related benefits to some of the more subjective areas of supplier relationship management (SRM). Is there a niche or sector that real-time SRM works for best?

Real-time Visibility 52

Real-time Visibility Collaboration Suppliers Supplier relationship management 52

IBM Supply Chain Blog

MAY 1, 2024

Here are some ways generative AI is transforming supply chain management: Sustainability Generative AI helps to optimize companies’ supply chains for sustainability by identifying opportunities to reduce carbon emissions, minimize waste and promote ethical sourcing practices through scenario analysis and optimization algorithms.

Supply Chain Optimization 78

Supply Chain Optimization Agile and Lean Supply Chain Supply Chain Efficiency Supply chain 78

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

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

Una

OCTOBER 25, 2022

When it comes to improving procurement efficiency, though, a sourcing hero’s work is never truly done. Instead of sitting back, the profession must make a long-term and ongoing commitment to sharpening its sourcing processes. Consolidate your supplier lists. There are several benefits associated with supplier consolidation.

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Supply Chain Efficiency Procurement Purchase orders Real-time Visibility 105

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.

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Sustainability Sourcing Supply Chain Efficiency Real-time Visibility 58

Spend Matters

FEBRUARY 22, 2024

Working within a resilient global supply chain results in complexities around basic matters like communication, time zones and languages, along with more challenging aspects like risk management, compliance and sustainability. Third-party risk management through a specialized vendor moves beyond the onboarding and intake process.

Supply Chain Efficiency 111

Supply Chain Efficiency Real-time Visibility Management supply chain software solutions 111

Jaggaer

APRIL 3, 2025

The two next-highest ranked trends are also closely related: Deep Real-time Data and Insights Visibility (50%) and Broadening the Scope of Procurement Responsibility. This holds true at all levels within the procurement function, and across every process step from source to pay.

Procurement 52

Procurement Supply Chain Efficiency Contract Real-time Visibility 52

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. Utilizing the Lawrina templates can assist in structuring risk management plans effectively.

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

Procurement refers to the business processes involved in acquiring goods, services, and work from external suppliers. It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations.

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Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

TYA Suite

SEPTEMBER 25, 2024

Sourcing is a critical component in attaining operational excellence and propelling organizational success in today’s ever-changing business landscape. This in-depth guide explores the its foundations, and how e-sourcing is transforming acquisition tactics. This phase may also involve site visits, product samples, or reference checks.

Supply Chain Efficiency 40

Supply Chain Efficiency Sourcing Procurement supply chain budgeting 40

Spend Matters

MARCH 11, 2024

For our readers who couldn’t/didn’t attend, here are our own reflections based on the time we had ( if we missed you, apologies, but do reach out to us here to get your procurement tech solution in front of our analysts ). So cleansing of SMFs is vital, even though it takes time.

Procurement strategies 111

Procurement strategies Innovation Strategy Procurement 111

Arkestro

DECEMBER 12, 2022

To address supplier challenges, you must ensure your preferred providers can meet your changing needs and that you have a diverse supply base. Supply Chain Visibility. Supply chain visibility is another critical issue. Visibility provides regulatory and consumer assurance in the face of issues like counterfeiting.

Real-time Visibility 52

Real-time Visibility Procurement e2e Raw materials 52

Supply Chain Game Changer

MARCH 23, 2021

But too often the expected deliverables from Supply Chain professionals are established without a real understanding of the totality and breadth of actual tasks that must be performed underneath those high level expectations. With an iceberg it is said that only 10% of it is visible as the rest is under the water.

Supply Chain Efficiency 64

Supply Chain Efficiency Supply chain Real-time Visibility Supply 64

Jaggaer

OCTOBER 24, 2024

Through easy analysis of historical spending data, market trends, and supplier performance, predictive analytics improves your ability to identify new sourcing opportunities and evaluate potential suppliers. Supplier Relationship Management (SRM) relies on understanding which suppliers are most critical.

Supply Chain Optimization 52

Supply Chain Optimization Collaboration Suppliers Real-time Visibility 52

Jaggaer

OCTOBER 24, 2024

In this situation, you might choose to leverage Expressive Bidding , which creates a collaborative marketplace where buyers showcase their capabilities and buyers provide real-time guidance that results in more competitive and advantageous bid responses. This establishes a foundation for streamlined collaboration.

Collaboration 52

Collaboration Supply Chain Efficiency Suppliers Agile and Lean Supply Chain 52

The Procuretech Podcast

SEPTEMBER 7, 2021

We kick off series 2 of The Procuretech Podcast with with a mini-series examining three different Supplier Relationship Management platforms. Why supplier performance data can't just be measured in hard KPIs. What are the concrete problems that need to be overcome to improve the overall cooperation with a supplier?

Raw materials 52

Raw materials Import Supplier relationship management Real-time Visibility 52

Arkestro

JULY 4, 2022

Companies also need to allocate resources to source, vet, and build capacity among diverse suppliers, as well as the infrastructure and technology needed to track supplier metrics and diverse supplier spending targets.”. Box is a well-known, cloud-based content management, collaboration, and file-sharing company.

Suppliers 52

Suppliers Procurement Real-time Visibility Chief Procurement Officer 52

Procurement Software

MARCH 5, 2024

Multi-functional technology enables you to train anywhere at any time, while ever-learning programming allows you to experiment and practice to achieve different outcomes. LavenirAI allows you to train anywhere, any time, so you can stay at the top of your game. It promises to assist with improving buyer and supplier collaboration.

Real-time Visibility 52

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

Arkestro

OCTOBER 29, 2023

After all, more data sources doesn’t necessarily mean better or cleaner data to strategize from. Supplier relationship management: Unarguably, humans are better at dealing with other humans than AI is. Interpersonal skills and trust building are key aspects of a supplier-vendor relationship that AI can’t yet replicate.

Procurement 52

Procurement Procurement team Supplier relationship management Supply Chain Optimization 52

Procurement Software

AUGUST 20, 2024

The reality though is that many of them are spending a disproportionate amount of time on tactical work and firefighting day-to-day operational purchasing issues. Let’s be real. Nor will you likely have the luxury to invest in an expensive supplier risk, market intelligence or ESG platform.

Procurement 52

Procurement Real-time Visibility Budget Procurement team 52

Procurement Software

MAY 14, 2024

Enhanced Efficiency and Visibility: By adopting process orchestration tools and platforms, businesses gain real-time insights and control over their procurement activities, facilitating quicker decision-making and improved risk management.

Procurement 52

Procurement Real-time Visibility e2e Chief Procurement Officer 52

World of Procurement blog

MAY 8, 2024

Customers receive orders on-time without backlogs. Proactive risk management prevents major losses. Sustainability SCM plays a key role in corporate sustainability initiatives by reducing carbon emissions in transportation and promoting ethical sourcing. Careful supplier selection and supplier relationship management are key.

Agile and Lean Supply Chain 40

Agile and Lean Supply Chain Supply chain management Supply chain management Supply Chain Optimization 40