Spend Matters

OCTOBER 18, 2022

Because of the work this achievement represents, we interviewed each vendor to learn what strategies or product enhancements it implemented over the past year and what its ambitions are going forwards.

Supply Chain Visibility 98

Supply Chain Visibility Risk management Supply chain management Supply chain management 98

ivalua

FEBRUARY 8, 2023

As teams worked with suppliers through creative solutions, it became obvious that transparency and supplier risk management are essential components to maintain stability during crises like these. But building an agile, resilient supply chain doesn’t happen overnight; it requires forethought and planning.

Supply chain resilience 242

Supply chain resilience Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 242

Procurement Tactics

JUNE 5, 2023

Furthermore, a global supply chain can be complex and involve a wide range of stakeholders, including suppliers, transportation providers, regulatory agencies, and customers. The use of advanced technologies and logistics strategies is often necessary to manage the complexity and risks associated with a global supply chain.

supply chain budgeting 192

supply chain budgeting supply chain software solutions Supply Chain Optimization Supply Chain Efficiency 192

ivalua

FEBRUARY 25, 2021

Are ERP systems better than best-in-class supply chain solutions for managing healthcare supply chains? What are the pros and cons, and what supply chain strategy will pave the way to higher margins, improved supply chain risk management in healthcare and improved patient care?

supply chain budgeting 221

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

SCMDOJO

JANUARY 29, 2025

Implementing strategies to improve order fulfillment accuracy, such as implementing barcode scanning and utilizing warehouse management systems (WMS). ABC Analysis Report This report clearly states the purpose of ABC analysis and emphasizes its importance in optimizing inventory management strategies.

Supply Chain Optimization 98

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

Procurement Software

JANUARY 26, 2025

You can have awesome technology, but with a lack of mandate, dirty data, and a poor internal communication strategy, you could still fail. Visibility and Transparency Heightened demands for supply chain visibility propel investments in technologies that enhance transparency across procurement processes.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Agile and Lean Supply Chain Category management 52

TYA Suite

SEPTEMBER 25, 2024

However, the is fraught with risks that can impact a company’s bottom line and operational efficiency. Effective procurement risk management is essential to ensure smooth operations and safeguard the organization’s interests. Understanding these risks is the first step toward effective procurement risk management.

Risk 40

Risk Strategy Procurement Supply Chain Efficiency 40

SCMDOJO

JUNE 17, 2024

Risk Control and Mitigation Plans: Create and execute control strategies to lessen the effects of risks that are high on the priority list. Monitoring and Reviewing: Keep a close eye on risk indicators and ensure risk management strategies are updated and function regularly.

Supply Chain Efficiency 98

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

ivalua

JUNE 1, 2022

As we continue to adjust to new business cycles, 2022 offers an opportunity to learn how to incorporate lessons learned from 2020 to establish a new supply chain and customer experience strategy. But building an agile, resilient supply chain doesn’t happen overnight; it requires forethought and planning.

Supply chain resilience 130

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

Supply Chain Game Changer

AUGUST 3, 2021

Companies historically have excelled and differentiated themselves because of their R&D capabilities, their products, and their go to market strategy. Supply Chain leaders haven’t risen above their station. This will be the central operational strategy for all companies in the future. Risk management is real.

Supply Chain Efficiency 119

Supply Chain Efficiency Supply chain e2e Real-time Visibility 119

ivalua

MARCH 16, 2021

Procurement teams had to work closely with suppliers to find creative ways to solve problems, and they instantly realized the benefits of transparency in their supply chains and supplier risk management for business continuity in times of crisis.

Supply chain resilience 130

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

Procurement Insights

AUGUST 14, 2024

Supporting the Liquor Control Board of Ontario (LCBO) during a rail strike requires a procuretech provider that offers strong supply chain visibility, risk management, and flexibility in sourcing and logistics. Supply Chain Visibility and Risk Management 3. Here’s why: 1.

Real-time Visibility 49

Real-time Visibility Supply Chain Visibility Supply Chain Efficiency Supply Chain Optimization 49

Supply Chain Game Changer

OCTOBER 20, 2020

Supply Chain Should Lead the Boardroom … the Coronavirus Proves it! Supply Chain Visibility Has Never Been More Important! Supply Chain Visibility Has Never Been More Important! A Don’t Touch Supply Chain Strategy Must Now Dominate the Future!

Import 70

Import Supply Chain Visibility Supply chain Sourcing 70

SCMDOJO

APRIL 29, 2024

Sourcing: Sourcing is all about finding reliable suppliers, negotiating contracts, and managing relationships. A well-established sourcing strategy helps businesses secure the best quality materials at the most competitive prices. Warehousing: Warehousing involves the storage and management of inventory.

Supply chain management 98

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

Supply Chain Game Changer

NOVEMBER 16, 2022

It helps bring predictability to Strategic Sourcing, automates Transactional Procurement (or P2P cycle), and enables proactive Supplier Risk Management. Automation of procurement processes, along with a seamless integration of the other systems such as ERP, WMS, and TMS, will ensure enhanced supply chain visibility.

Supply Chain Efficiency 19

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

Supply Chain Opz

NOVEMBER 9, 2014

percentage of second-tier suppliers who follow a certain risk management or IT standard”). Therefore, a firm would be well served to develop a supply chain strategy as described in my book: Supply Chain Transformation. Supply chain cost is always flat around the optimal strategy.

Agile and Lean Supply Chain 109

Agile and Lean Supply Chain Supply Chain Efficiency supply chain budgeting Supply Chain Optimization 109

Supply Chain Game Changer

OCTOBER 28, 2021

Procurement is a function that is undergoing an exciting transformation in the majority of global value chains; simultaneously, within its own strategy, process, and technology. It’s no secret anymore… we know that better tier-visibility starts with a better means to collaborate, communicate & govern tier-1 suppliers.

supply chain budgeting 89

supply chain budgeting Procurement Supply Chain Efficiency e2e 89

Supply Chain Game Changer

OCTOBER 6, 2020

What should the Supply Chain priorities be to better weather the second wave of the Coronavirus pandemic? Supply Chain Priorities for the Second Wave. Assuring Continuity of Supply. This will require multi-tier Supply Chain mapping and participation at all levels. Digital Supply Chain Visibility.

Supply chain 105

Supply chain Real-time Visibility e2e Supply 105

World of Procurement blog

APRIL 23, 2024

This guide delves into the essentials of procurement within the construction sector, discussing various strategies, potential obstacles, supply chain structures, contract types, and managerial aspects necessary for efficient and effective procurement. Cost Management: Budgeting and tracking expenses related to procurement.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain budgeting Procurement Agile and Lean Supply Chain 52

World of Procurement blog

APRIL 23, 2024

This guide delves into the essentials of procurement within the construction sector, discussing various strategies, potential obstacles, supply chain structures, contract types, and managerial aspects necessary for efficient and effective procurement. Cost Management: Budgeting and tracking expenses related to procurement.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain budgeting Procurement Agile and Lean Supply Chain 52

Jaggaer

OCTOBER 3, 2024

However, it’s fair to say that procurement is really in the pressure cooker right now, with all kinds of new and conflicting demands such as ESG, diversity, compliance and risk management. Ensure supply continuity This was number 1 on the 2023 list of priorities. First, organizations need to get full supply chain visibility.

Supply Chain Optimization 52

Supply Chain Optimization Agile and Lean Supply Chain Supply Chain Efficiency Contract 52

Skill Dynamics

OCTOBER 19, 2023

For example, advanced strategic planning skills are relevant to procurement managers, while data analysis proficiency is associated with sourcing analyst roles. Role-based training personalizes the best procurement strategies to meet specific challenges. Efficient and streamlined supply chain operations.

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain supply chain software solutions 52

FourKites

DECEMBER 23, 2020

Cost control measures in supply chain efficiency should address three major areas: labor, inventory and transportation. One additional area of focus is risk management, which, if left unchecked, can cause unexpected expenses to skyrocket within the other three budget areas. 4: Mitigate Risk.

Supply Chain Efficiency 52

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

Procurement Software

MAY 9, 2022

These often use a mix of Microsoft tools to address supplier management needs. Homegrown solutions can take you far in life, but the future of procurement excellence is reliant upon a transformation of procurement strategy. It provides a means to better monitor, spot, and address supplier-related risks.

Supplier relationship management 52

Supplier relationship management supply chain software solutions Suppliers Management 52

Procurement Software

MAY 9, 2022

These often use a mix of Microsoft tools to address supplier management needs. Homegrown solutions can take you far in life, but the future of procurement excellence is reliant upon a transformation of procurement strategy. It provides a means to better monitor, spot, and address supplier-related risks.

Supplier relationship management 52

Supplier relationship management supply chain software solutions Suppliers Management 52

Una

APRIL 23, 2024

Why Do We Need Supply Chain Visibility? Tips for Building an Effective Procurement Data Strategy Robots in Procurement Supplier selection & risk management Think of machine learning as your trusted advisor when it comes to choosing and monitoring suppliers.

Supply chain management 52

Supply chain management Supply chain management Supply Chain Optimization Supply Chain Efficiency 52

Una

JUNE 5, 2024

A Gartner deep-dive into this topic advises organizations to: Identify and assess supply chain risks: Examine both internal and external risks, including those from customers, suppliers, regulators, and other stakeholders. Utilize risk management expertise to understand risk appetite and reporting.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Efficiency Supply chain Real-time Visibility 52

NLPA (Next Level Purchasing Association)

JANUARY 17, 2023

Risk Management : Provisions must be made to manage the following types of risks: Supply Risk: The possibility of production line shutdown, failure to meet customer requirements, and/or other catastrophes due to the non-availability of certain goods or services at a particular time.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Procurement Spend management Cost of ownership 52

Procurement Insights

OCTOBER 8, 2024

Here are the top 3 concerns likely to dominate the agenda for CPOs in 2025: Supply Chain Resilience and Risk Management Sustainability and ESG Compliance Supply Chain Visibility Conclusion: CPOs in 2025 will need to navigate a complex, fast-changing landscape shaped by technology, sustainability, and global uncertainty.

Chief Procurement Officer 52

Chief Procurement Officer Supply Chain Efficiency Procurement Supply Chain Optimization 52

World of Procurement blog

MAY 8, 2024

Risk Mitigation SCM minimizes supply chain risks through careful planning and collaboration. Proactive risk management prevents major losses. Lean and just-in-time principles eliminate waste and align supply closely with demand. Supply chain risk management is crucial to build resilience.

Agile and Lean Supply Chain 40

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

EazyStock

FEBRUARY 13, 2019

This strategy involves keeping inventory in multiple distribution centers, strategically positioned near the customers, to be able to fulfill customer orders by delivering from multiple warehouses. Supply Chain Resiliency and Risk Management. Augmented Analytics.

Supply chain management 45

Supply chain management Supply chain management Supply Chain Efficiency Supply Chain Optimization 45

Spend Matters

NOVEMBER 20, 2024

In today’s interconnected global business environment, supply chain risk management (SCRM) has emerged as a critical discipline for organizations striving to maintain operational continuity and a competitive advantage.

Agile and Lean Supply Chain 117

Agile and Lean Supply Chain Supply Chain Visibility Supply chain Ethics 117

Let's Talk Supply Chain

MARCH 31, 2025

Join‍ us on ‍a journey through the landscape of supply chain disruption, as we uncover strategies to weather the storm and emerge stronger in the face of uncertainty. Here are some key strategies to consider: Embrace digitalization to enhance supply chain visibility and agility.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization Supply chain 52

SCMDOJO

MARCH 28, 2025

By analyzing historical sales data and current market trends, logistics companies can anticipate future demand with greater accuracy, leading to improved inventory management and more effective production planning. Big data also plays a crucial role in risk management and disruption prediction.

Logistics 52

Logistics Supply Chain Efficiency Real-time Visibility Supply Chain Optimization 52