Procurement Tactics

JUNE 26, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Top 10 US Dropshipping Suppliers — Pricing & Reviews The US dropshipping market reached an estimated amount of $15.64 Top 10 US Dropshipping Suppliers Study Procurement Study Negotiations 1.

Price 195

Price Suppliers Negotiation Real-time Visibility 195

Supply Chain Brain

JUNE 5, 2023

The manufacturing floor operates in the blind in the absence of real-time data from suppliers on arrival of parts or raw materials, says Jeffrey Luft, portfolio development executive with Siemens Digital Industries Software.

Real-time Visibility 95

Real-time Visibility Raw materials Suppliers Logistics 95

Procurement Tactics

JULY 20, 2023

In this article, we will explore what supplier order management software is, its benefits, and some of the best software options available in the market. Defining Supplier Order Management Before diving into the software itself, let’s first understand what is Supplier Order Management.

supply chain software solutions 134

supply chain software solutions Suppliers Management Purchase orders 134

ivalua

JUNE 29, 2021

Enabling rapid, cost-effective and transparent supplier payments anywhere in the world. Redwood City, CA, June 30, 2021 – Ivalua, a global leader in Cloud Spend Management solutions, announces an extension of its source-to-pay platform with a new payments solution to digitize and streamline global supplier payments.

Supply Chain Efficiency 130

Supply Chain Efficiency Suppliers Sourcing Real-time Visibility 130

ivalua

JANUARY 13, 2021

– Spend control through real-time visibility into budget consumption, negotiated prices, preferred suppliers, engagement channels. – Process efficiency with reduced cycle times and considerably decreased errors or fraud opportunities. Rules and workflow engines automate this part for you.

Eprocurement 235

Eprocurement Real-time Visibility Purchase orders Budget 235

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 Tactics

JANUARY 23, 2023

By collecting data on routes, stock levels, drivers’ availability, vehicle tracking, and other pertinent information, a transport management system accurately forecasts expected delivery times while efficiently scheduling drivers accordingly.

Real-time Visibility 202

Real-time Visibility Management Supply Chain Efficiency supply chain budgeting 202

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. Supplier Data Quality & Management in Decision Making.

Agile and Lean Supply Chain 173

Agile and Lean Supply Chain Supply chain resilience Supply Chain Efficiency Supply chain 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. It also requires close collaboration and coordination among all the stakeholders in the supply chain, including suppliers, manufacturers, distributors, and retailers.

Logistics 207

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

Procurement Insights

JUNE 6, 2024

How does “visualizing spending, benchmarking suppliers, and maximizing profits” impact the following areas individually and collectively? So, how much supply chain visibility is “too much visibility” in relation to what happens at some unseen point down the chain?

e2e 65

e2e Supply Chain Visibility Real-time Visibility Supply chain 65

Una

AUGUST 17, 2022

The figure’s head represents the top 1% of strategic suppliers to your organization. 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.

Real-time Visibility 98

Real-time Visibility Spend management Procurement team Purchasing 98

ivalua

JUNE 29, 2020

I have some real context of this, living in NYC and having a family member that works at a hospital. While it is a difficult time, you have to also applaud the heroic efforts of this industry as a whole. Across this supply chain there is typically a lack of visibility due to siloed information and data.

Agile and Lean Supply Chain 219

Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency Supply chain 219

Procurement Insights

NOVEMBER 21, 2023

EDITOR’S NOTE: In December 2010, I wrote an article about one of Time Magazine’s picks for the Top Innovations in 2008 – Made-in-Transit Packaging. I obviously think what EiKO is doing regarding process visibility is great – kudos to the company for its progressive customer-centric thinking.

e2e 86

e2e Real-time Visibility Sourcing Consumer demands 86

Supply Chain Brain

NOVEMBER 3, 2024

The French automaker joins forces with Shippeo, provider of a real-time logistics visibility platform, to shed manual processes and gain real-time visibility of parts moving from suppliers to its plants.

Real-time Visibility 94

Real-time Visibility Supply chain Logistics Management 94

Finale Inventory

FEBRUARY 19, 2024

For customers, inadequate customer support leads can lead to delays, extending the time for processing and refunds. Businesses confront re-stocking, handling damaged goods, adjusting inventory inaccuracies, and navigating the risk of overselling during high-demand periods. But how do you get to why a customer initiated a return?

Inventory 105

Inventory Real-time Visibility Management Quality 105

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. ERPs tend to be built for the back office, so they lack the consumer-like user experience that leads to high user adoption among suppliers.

supply chain budgeting 221

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

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

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. . Ultimate Supplier Plotting Checklist 2023. Enhanced ethical standards.

Collaboration 199

Collaboration Supply Chain Optimization Supply Chain Efficiency Supply chain 199

ivalua

JUNE 11, 2019

At some point, there was a need for this, a solicitation process to select a supplier, a competitive bidding process, a contract negotiation, transactions and so on. For the longest time, leading Procurement technology providers in my experience just ignored this space.

Procurement 169

Procurement Real-time Visibility e2e Competitive bidding 169

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

JUNE 10, 2021

Employees can search across internally hosted supplier catalogs, Amazon Business and other supplier sites to see and compare the results side by side on a single screen. With real-time pricing and inventory information to ensure that the items selected are available. All without leaving Ivalua.

Collaboration 130

Collaboration Real-time Visibility Eprocurement Spend management 130

Procurement Heads

OCTOBER 12, 2022

I want a team that understands the different approaches to saving money – tendering, negotiating, value engineering – and to be able to use their judgement and experience to choose the right approach at the right time. Building the team and having greater visibility internally.

Chief Procurement Officer 246

Chief Procurement Officer Real-time Visibility Procurement team Procurement 246

ivalua

OCTOBER 1, 2020

Increased outsourcing has made businesses increasingly dependent on suppliers to drive innovation. A recent study by Forrester found that the single greatest factor in increasing a supplier’s willingness to collaborate with and share innovations with a customer was timeliness of and visibility into payments.

Real-time Visibility 130

Real-time Visibility Networking Supply Chain Efficiency Suppliers 130

ivalua

AUGUST 17, 2021

Increased outsourcing has made businesses increasingly dependent on suppliers to drive innovation. A recent study by Forrester found that the single greatest factor in increasing a supplier’s willingness to collaborate with and share innovations with a customer was timeliness of and visibility into payments.

Real-time Visibility 130

Real-time Visibility Suppliers Innovation Contract 130

ivalua

JUNE 10, 2021

Employees can search across internally hosted supplier catalogs, Amazon Business and other supplier sites to see and compare the results side by side on a single screen. With real-time pricing and inventory information to ensure that the items selected are available. All without leaving Ivalua.

Collaboration 130

Collaboration Real-time Visibility Eprocurement Spend management 130

ivalua

OCTOBER 22, 2020

This year’s edition comes at an interesting time, with the Covid-19 pandemic having shifted Procurement priorities and employee working practices. In Gartner’s Magic Quadrant, they forecast the Procure-to-Pay software market to dip slightly this year, as companies focus on solutions with faster time to value.

supply chain software solutions 147

supply chain software solutions Procurement Real-time Visibility supply chain budgeting 147

ivalua

JANUARY 24, 2022

Data is central to successful digital transformation to relay real-time information and greater visibility into operations and resource allocation. Data builds the bridge between your own internal supply chain visibility and the information you provide to your stakeholders. Tomorrow the requirement will be something else.

Data 130

Data Real-time Visibility Procurement Supply Chain Efficiency 130

Procurement Tactics

NOVEMBER 14, 2022

Ultimate Supplier Plotting Checklist 2022. To work together as closely as possible, I had a weekly meeting with my supply chain manager every week to discuss subjects like: Supplier performance last week. If suppliers were not able to deliver products, I first let the Supply chain Manager contact them. Visiting suppliers.

Retail Supply Chain 190

Retail Supply Chain Supply Chain Optimization Supply Chain Efficiency Supply chain 190

ivalua

JUNE 1, 2022

Overall, their strategy must move toward data-driven decision-making to provide real-time information visibility. By bridging the gaps, Amrest could even start the tendering process earlier with a wider range of suppliers. Suppliers can support company growth as part of the Amrest procurement journey.

Real-time Visibility 130

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

ivalua

FEBRUARY 27, 2023

One way of doing this is by leveraging Source-to-Pay (S2P) solutions, which provide procurement with the tools needed to maximize the value they get from their supplier relationships, automate and streamline processes, and identify opportunities for cost savings. Let’s explore further.

Real-time Visibility 130

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

IBM Supply Chain Blog

JUNE 30, 2023

3 steps to building healthcare supply chain resiliency Step 1: Improve visibility and proactivity Hospital systems work with multiple fragmented teams, technologies and processes to manage daily operations, leading to a pervasive lack of data visibility. Doing so streamlines purchasing power and optimizes inventory management.

Supply Chain Efficiency 77

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

ivalua

JULY 8, 2020

In this article we’ll review how supplier management capabilities in Source-to-Pay technology can free-up and enable a manufacturer’s direct material procurement team to do what they do best to ensure the supply chain remains resilient and agile: be creative and strategic. Supplier Data Quality & Management in Decision Making.

Agile and Lean Supply Chain 26

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

Procurement Leaders

JANUARY 8, 2024

The results of the transformation were profound: a 50% reduction in the number of days to delivery, as well as much tighter financial controls and supplier visibility in a sector where “because it’s a matter of life and death, speed is of the essence”.

Real-time Visibility 130

Real-time Visibility Procurement Inventory Suppliers 130

ivalua

AUGUST 16, 2022

The report explains that: “Scope 3 emissions reduction is a key challenge for companies, often due to a lack of visibility and monitoring of suppliers’ data. Companies also face engagement gaps between their suppliers and procurement teams.”. But time is of the essence for organizations. Collaborate to innovate.

Real-time Visibility 130

Real-time Visibility Sustainability Supply chain Suppliers 130

ivalua

NOVEMBER 29, 2021

Lack of control or visibility into what is being spent and with which suppliers. Extra work processing supplier invoices, creating higher costs. Delays in paying suppliers as they cannot be matched with an order or an initial requestor. Poorly utilized preferred suppliers with negotiated pricing. Who purchased it.

Buyers 130

Buyers Real-time Visibility Purchasing Spend management 130

ivalua

MAY 19, 2022

Having the complete source-to-pay journey within the Ivalua Platform will help our customers build stronger, reliable supplier relationships”, said David Khuat-Duy, Founder and CEO of Ivalua. By removing the friction in global supply chains, for the first time, the payment and the sourcing event are seamlessly linked.

Supply Chain Efficiency 130

Supply Chain Efficiency Real-time Visibility e2e Buyers 130

ivalua

JULY 14, 2021

In order to truly cross this chasm, your business does not require major construction, but simply a supplier self-service portal. With two-factor authentication and embedded real-time change processing there are no payment files to edit. This portal acts as a bridge between the Invoice and the Electronic Payment.

Real-time Visibility 130

Real-time Visibility e2e Suppliers Purchase orders 130