Remove Real-time Visibility Remove Supply chain resilience Remove Sustainability
article thumbnail

Inflation + Source-to-Pay Strategies: The Cure for the Common Price Hike

ivalua

It also has an impact on procurement teams as they are responsible for managing supplier relationships, identifying opportunities for cost savings, and ensuring that goods and services are delivered on time and within budget. This helps ensure your contracts remain favorable and that all stakeholders comply with the negotiated terms.

Price 264
article thumbnail

See Through Disruptions: How Supply Chain Visibility Builds Resilience

SCMDOJO

Enhancing supply chain resilience as well as supply chain visibility is crucial in today’s interconnected world. Supply Chain Resilience refers to a supply chain’s ability to withstand and recover from unexpected events.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

A Balancing Act: Drive Sustainability while Managing Cost and Risk

ivalua

Ivalua Spend Management Insights [ivory-search] A Balancing Act: Drive Sustainability while Managing Cost and Risk April 27, 2023 | | Supply Chain by Vishal Patel Cost, Risk, and Sustainability. The question is, how do you balance all three while maintaining continuous operations and generating revenue at the same time?

article thumbnail

Achieving Supply Chain Resilience: Strengthen and Adapt Your Operations

Skill Dynamics

Global conflicts, macroeconomic shocks, and shifting global trade routes are all combining to provide real challenges to modern supply chains, and are driving the uncertainty that organizations feel. A resilient supply chain safeguards against these risks and maintains a strong operational flow within your business.

article thumbnail

ERP vs. Best-in-Class — What is Best for Managing the Healthcare Supply Chain

ivalua

A best-in-class solution may also offer inventory management features to enable you to auto-replenish orders, as well as workflows with client-defined business rules to enforce payment channel buying strategies. Sustainable master data management and governance: As much as 55% of projects fail due to data management issues.

article thumbnail

What is supply chain resiliency?

IBM Supply Chain Blog

For years, supply chain professionals have measured success by how well they have been able to drive down costs and drive up efficiency. Just-in-time (JIT) became an artform and masters of the practice achieved new levels of precision. Why is supply chain resiliency important?

article thumbnail

Building resilient healthcare supply chains

IBM Supply Chain Blog

The good news is, it’s possible to alleviate these perilous pain points by building healthcare supply chain resilience. Supply expenses escalate due to over-ordering, waste and emergency orders. Supply expenses escalate due to over-ordering, waste and emergency orders.