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Risk management supply chain budgeting Supply Chain Efficiency 
ivalua
FEBRUARY 8, 2023
Ivalua Blog [ivory-search] Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience February 8, 2023 | | Manufacturing by Doug Keeley In the face of an unprecedented global crisis, Procurement stepped up to become a crucial driving force for business continuity. Work to achieve 100% supply chain visibility.
Procurement Tactics
JUNE 5, 2023
First Name Email Download 51 Prompts → Or receive our famous weekly newsletter Global Supply Chain — Everything About Supply Chain Global supply chain has become a popular way for businesses to source unique materials and products from other countries as they are unavailable domestically.
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ivalua
FEBRUARY 25, 2021
Best-in-Class for Healthcare Supply Chain Management? Are ERP systems better than best-in-class supply chain solutions for managing healthcare supply chains? That’s the question we set out to answer in our recent panel discussion with Procurement and Supply Chain experts.
ivalua
JUNE 1, 2022
From this discussion, we compiled a list of 8 critical supply chain management activities that to improve, build, and maintain supply chain resilience now and in the years to come. But building an agile, resilient supply chain doesn’t happen overnight; it requires forethought and planning.
ivalua
MARCH 16, 2021
They discussed the impact of the Covid-19 pandemic on Procurement and came up with this list of 8 critical supply chain management activities that can help Procurement teams build and maintain supply chain resilience now and in the years to come. Focus on digital transformation and adopt procurement technology.
SCMDOJO
APRIL 29, 2024
Are you interested in understanding how businesses effectively manage their supply chains? Look no further – this guide is here to help you grasp the fundamentals of supply chain management (SCM) and how it can lead to success.
SCMDOJO
MARCH 19, 2024
In today’s fast-paced business landscape, having an efficient supply chain department is more important than ever. A streamlined supply chain can make a significant impact on the overall success of a business, improving operational efficiency, increasing customer satisfaction, and driving revenue growth.
SCMDOJO
MAY 2, 2024
The COVID-19 pandemic, along with disruptions such as Brexit, trade wars, and geopolitical tensions, has highlighted the need for business leaders to take a closer look at their supply chains to strike a balance between resilience and efficiency.
Supply Chain Game Changer
NOVEMBER 2, 2022
Subscribe to Supply Chain Game Changer. Supply Chain Risk Management is a Cirque Du Soleil Calibre Act! In today’s world, supply chains are more important than ever. But not all companies are prepared for this level of risk and complexity. Subscribe Here! Email Address.
Procurement Templates
NOVEMBER 21, 2024
Mastering these skills not only optimizes procurement processes but also positions managers as strategic business partners. Conduct Supplier Assessments: Regularly evaluate supplier performance using scorecards focused on quality, delivery, and cost. SAP, Oracle) Procurement software (e.g., Coupa, Ariba) Data analytics tools (e.g.,
SCMDOJO
MAY 7, 2024
Supply chains are vital to businesses, facilitating the movement of goods, services, financial flows, and information. However, they are also susceptible to disruptions and risks. Enhancing supply chain resilience as well as supply chain visibility is crucial in today’s interconnected world.
SCMDOJO
SEPTEMBER 24, 2024
Make vs Buy Analysis is an essential decision-making tool in supply chain management that significantly influences profitability, flexibility, and competitiveness. It helps businesses decide whether to produce goods internally (make) or source them externally (buy), weighing costs, quality, scalability, and capacity.
Planergy
SEPTEMBER 5, 2023
How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Using financial tools can help save time and resources while improving accuracy in the budgeting process. Why is Business Budgeting Important? Budgeting should be part of regular financial planning.
SCMDOJO
MAY 2, 2024
The COVID-19 pandemic, along with disruptions such as Brexit, trade wars, and geopolitical tensions, has highlighted the need for business leaders to take a closer look at their supply chains to strike a balance between resilience and efficiency.
Procurement Tactics
MAY 30, 2023
Their primary responsibilities include negotiating with suppliers to obtain favorable terms and prices, ensuring the quality and timely delivery of goods and services, and managing the procurement process from start to finish. Furthermore, procurement managers may work in various industries, including manufacturing, retail, and government.
178 
Procurement Tactics
JUNE 28, 2023
In this article, we are going to explore what procurement tracking is, its importance in business and the tools to be used when conducting it for its efficient execution. Procurement Tracking is the process of monitoring and managing procurement activities. Procurement Tracking: Why is it Important? The key elements are typically: 1.
Procurement Templates
DECEMBER 11, 2024
Process Efficiency: Streamline procurement processes through automation, reducing lead times and operational costs. Action Steps: Automate Processes: Implement cutting-edge procurement software to automate routine tasks, reducing manual errors and boosting efficiency. Cut the waffle and get to the point.
130 
Spend Matters
AUGUST 8, 2023
The recent Deloitte Global Chief Procurement Officer Survey tells us, “CPOs have definitively indicated that risk is here to stay, as evidenced by the greater than 70% in our survey who indicated that procurement-related risk/supply chain disruption has increased in the past 12 months on top of an already elevated baseline.”
Let's Talk Supply Chain
AUGUST 14, 2023
Today I’m joined by Osa Commerce , an innovative software provider that is on a mission to tackle data chaos in the supply chain. Throughout my career, I have successfully led GTM strategies, built strong brands, and managed high-growth teams. The customer is demanding much more, they want everything fast!…
Procurement Tactics
OCTOBER 13, 2022
Strategic Sourcing Manager — The Ultimate Guide. A strategic sourcing manager is a key person in ensuring that the strategic process is effective and efficient. In this article, we will discuss what a strategic sourcing manager is. Generate and integrate efficient sourcing and category management strategies.
IBM Supply Chain Blog
FEBRUARY 13, 2024
In this age of supply chain disruptions that hold the power to upend entire industries, strength and resilience across the entire value chain is no longer a nice-to-have—it’s a survival tactic. They also factor in how a strong partnership could reduce supply chain risk and advance sustainability.
Supply Chain Game Changer
NOVEMBER 7, 2022
Subscribe to Supply Chain Game Changer. Supply chain breakdown is a serious problem that can lead to significant losses for any business. If this obstacle often happens within your organization, you might generate higher costs and develop lower-quality products that might affect your customers’ expectations.
Procurement Tactics
OCTOBER 18, 2022
Additionally, it allows managers to build better relationships with suppliers based on the importance of each supplier. . SRM is usually used by many supply chain professionals who constantly deal with suppliers in areas such as procurement, project management, and operations. .
SCMDOJO
OCTOBER 28, 2024
In today’s competitive business landscape, optimizing supply chains is crucial for achieving operational efficiency and cost reduction. While inventory management and logistics often take center stage, another critical component that significantly impacts supply chain performance is fixed asset management.
SCMDOJO
JUNE 6, 2023
For businesses to succeed, supply chain optimization is essential to succeed. It helps reduce costs, increases efficiency, and can enhance customer satisfaction. Supply chain optimization can achieve this with the help of data analytics. How does data analytics help supply chain optimization?
SCMDOJO
APRIL 24, 2024
In 2024, the logistics and supply chain industry will continue its transformative journey, driven by technological advancements and growing consumer expectations. According to industry reports, over half of business leaders acknowledge the need for supply chain improvements, with 52% believing they could enhance their operations.
Procurement Templates
JUNE 18, 2023
Strategic sourcing: Adopting strategic sourcing practices enables procurement to analyze the entire supply chain and identify cost drivers. By understanding the components and processes that contribute to the final product’s cost, procurement can explore opportunities to optimize and reduce expenses.
130 
FourKites
DECEMBER 23, 2020
Calculating the productivity and efficiency of any operation is, at its most basic, determining the ratio of cost inputs to revenue generated. Supply chain productivity is no different. Cost control measures in supply chain efficiency should address three major areas: labor, inventory and transportation.
Supply Chain Game Changer
FEBRUARY 4, 2020
Subscribe to Supply Chain Game Changer. Quantum Leap to the Top 10 Supply Chain Skills of the Future! The phrase “Supply Chain Management” was originally coined by Keith Oliver in 1982 and subsequently gained increasing popularity as its usage was proliferated in books and language.
Supply Chain Game Changer
NOVEMBER 16, 2022
Subscribe to Supply Chain Game Changer. The duties of procurement managers are diverse, ranging from creating solicitations to collaborating with vendors. Along with cost savings, procurement managers are focusing on optimizing and automating processes. stated that cost reduction is a close second.
Procurement Templates
MARCH 3, 2024
This assessment aims to identify what the organization needs to procure to fulfill its objectives effectively and efficiently. Risk Assessment : Identifying potential risks associated with procurement activities is essential for effective planning and mitigation.
NLPA (Next Level Purchasing Association)
MAY 8, 2023
Supply chain visibility is essential for successful procurement, as it enables businesses to proactively manage risks and optimize their supply chain. By having a clear view of their entire supply chain, businesses can identify potential issues and take steps to mitigate them. million in 2015.
NLPA (Next Level Purchasing Association)
OCTOBER 17, 2022
Continuous Improvement and Risk Management Systems have long been essential to realizing supply chain and organizational success. This is especially true at a time when organizations are preoccupied with ensuring reliable supply lines, cost reduction, risk mitigation, business continuity, and so on. .
NLPA (Next Level Purchasing Association)
DECEMBER 14, 2022
The root causes of these issues often stem from a clash of the following critical Supply Chain Variables: Poor Toxic Culture. The Next Level Purchasing Body of Knowledge underpins, integrates and enhances the essential components of Supply Chain Management in simple how-to-do steps. Flawed Processes.
Supply Chain Game Changer
MAY 19, 2022
Subscribe to Supply Chain Game Changer. With supply chain disruptions, low capacity, and skyrocketing fuel costs, manufacturers and shippers are facing monumental hurdles. LTL networks need to improve efficiency and reduce costs without an impact to customer service. Optimize Routes.
ivalua
MAY 18, 2022
Even reducing costs often depends more on effective collaboration rather than negotiation in today’s market. At the same time, organizations have never been more exposed to risk from their supply chains, from supply continuity, quality, or ESG violations. Gain control of your supplier data.
130 
IBM Supply Chain Blog
JUNE 10, 2024
As organizations strive to harness the power of AI while controlling costs, leveraging anything as a service (XaaS) models emerges as a strategic approach. Embracing the power of XaaS XaaS encompasses a broad spectrum of cloud-based and on-premises service models that offer scalable and cost-effective solutions to businesses.
62 
Empowering CPO
JUNE 30, 2023
Introduction In the dynamic world of business, the ability to effectively manage and optimize supply chains has emerged as a critical success factor. At the heart of this revolution lies a powerful tool that many companies are now leveraging to achieve competitive advantage: Managed Procurement Services. The result?
Empowering CPO
MAY 8, 2023
Importance of Risk Management in Procurement Procurement plays a critical role in the success of any organization, as it involves acquiring goods and services necessary for business operations. Finally, we will provide practical tips for incorporating risk management best practices into your organization’s procurement process.
Supply Chain Game Changer
OCTOBER 28, 2021
Subscribe to Supply Chain Game Changer. 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. Poor Data Quality, Scattered Tech Landscapes, Lacking Leadership Approval/Budgets. Subscribe Here!
Zycus Cognitive Procurement
DECEMBER 15, 2022
As we are coming to the end of the year, procurement and supply chain leaders across industries initiate their annual strategic planning process for the next year. We have shortlisted 7 C ritical T rends that will help supply chain leaders and practitioners to build a strategic blueprint for 2023 and beyond.
HICX
DECEMBER 11, 2023
The effective management of supply chains is critical to business operations and by adopting newer digital solutions, organizations can benefit from improved efficiency, reduced costs and operational improvements across the supply chain as a whole.
Barkers Procurement
FEBRUARY 27, 2023
Find out how we can support your AMP8 ambitions Book a meeting Asset Management Period 8 (AMP8) commences on 1 April 2025 affecting all English and Welsh Water companies. The purpose of AMP periods, set by industry regulator Ofwat, is to increase efficiency and service levels within the sector.
IBM Supply Chain Blog
DECEMBER 4, 2023
By implementing Oracle , one of the world’s leading enterprise resource planning (ERP) tools, organizations can transform their business processes and significantly increase operational efficiency. Companies large and small are increasingly digitizing and managing vast troves of data.
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