Supply Chain Trend

AUGUST 13, 2020

Preview In his 2019 Foresight article, Niels van Hove examined eight technological hurdles that must be overcome to enable autonomous or ‘lights out’ supply-chain planning. He reasoned that to support such planning we need to implement a third wave of integrated supply-chain planning software.

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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. As the name suggests, Managed Procurement Services involves the strategic outsourcing of procurement processes to expert providers. But what exactly does it entail?

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Let's Talk Supply Chain

DECEMBER 4, 2023

  Today I’m joined by SDI , a digital supply chain brand whose people, processes, and technology have enabled the world’s most efficient supply chains for over 50 years. These experiences provided Cris with a unique perspective on operational efficiency and strategic planning in international business settings.

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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.

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Procurement Templates

MARCH 3, 2024

Risk Assessment : Identifying potential risks associated with procurement activities is essential for effective planning and mitigation. Risks may include budget constraints, supply chain disruptions, quality issues, legal compliance, etc.

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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. With supply chain disruptions, low capacity, and skyrocketing fuel costs, manufacturers and shippers are facing monumental hurdles.

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EazyStock

JANUARY 6, 2023

The supply chain world has been rocked repeatedly over the past few years due to global issues such as the Covid-19 pandemic, shipping container shortages, catastrophic weather events, and socioeconomic issues – many outside our control. ABC/XYZ analysis can help identify the most valuable items to your business.

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

EazyStock

JANUARY 6, 2023

The supply chain world has been rocked repeatedly over the past few years due to global issues such as the Covid-19 pandemic, shipping container shortages, catastrophic weather events, and socioeconomic issues – many outside our control. Supply chain issues. Increased supply chain visibility.

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

Procurement Heads

JUNE 28, 2022

According to Raconteur’s report in The Sunday Times on the Future of Supply Chain & Procurement, constant problems in the supply chain have proved a real headache for many businesses over the past two years. But that balanced scorecard has always been there in the best procurement organisations.

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Let's Talk Supply Chain

JUNE 19, 2024

Summer is here and we’re already cooking with fresh global supply chain disruptions. The Supply Chain Act driving sustainability and putting environmental conservation first for European businesses is presenting new challenges for businesses looking to find compatible logistics and sourcing partners.

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Skill Dynamics

FEBRUARY 2, 2023

As we discussed in our previous blog , market pressures are driving change in both procurement and supply chain functions. The influencing groups Many organizations are looking to eLearning to drive impactful skill development at scale across various teams in supply chain and procurement.

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Procurify

JUNE 8, 2022

As businesses grow and scale, oftentimes, so does their supply base and the number of suppliers they work with. As you grow, you want to optimize your supply base. According to Industry Star, most businesses spend 80 percent of their cost of goods sold (COGS) with just 20 percent of their suppliers. .

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IBM Supply Chain Blog

JANUARY 30, 2024

Finance: Optimized for high-speed transactions and can assist in providing robust security, harnessing AI for fraud detection and real-time risk management. Retail: Manage e-commerce platforms, customer data analytics and supply chain logistics, where data analysis often must occur at the edge.

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IBM Supply Chain Blog

JUNE 29, 2023

Integrated planning incorporates supply chain planning, demand planning, and demand forecasts so the company can quickly assess the impact on inventory levels, supply chain logistics, production plans, and customer service capacity. Making up the IBP framework are six key pillars: 1.

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supply chain software solutions Real-time Visibility Agile and Lean Supply Chain Supply Chain Optimization 76

Supply Chain Game Changer

JULY 2, 2021

Subscribe to Supply Chain Game Changer. Especially in the ongoing volatile environment, strategic planning and success measurement are crucial for the prosperity of the business. Be it planning, budgeting, or employees monitoring, decisions play an essential role for your business. Subscribe Here!

Management 73

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SCMDOJO

APRIL 3, 2022

Procurement eAuctions may be used in a multitude of sectors and domains, including industrial machinery, supply chains and logistical operations, telecommunications, commodities, and business technical support programs. Reduced manual process intervention is fundamentally impartial and increases the feedback’s reliability.

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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.

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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

Una

MARCH 6, 2023

The exciting part is that automation frees up your team for big-picture projects, supplier relationship management, strategic planning, and continuous improvement. After all, procurement teams are supposed to be the cost-cutting experts, so an unnecessarily expensive and wasteful function goes against procurement’s central mission.

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IBM Supply Chain Blog

OCTOBER 24, 2023

However, dispersed, unreliable data and time-consuming, error prone processes can lead to bloated budgets, ineffective planning and missed opportunities. Organizations need simplified, integrated and automated solutions to help optimize IT spend, improve operations and drive greater financial returns.

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Finale Inventory

SEPTEMBER 19, 2024

Whether dealing with supply chain disruptions, managing overstock and understock, or handling seasonal demand shifts, keeping inventory well-organized is essential. This all-encompassing approach ensures that the entire supply chain is efficient and that customers receive quality products on time.

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Arkestro

MARCH 27, 2024

After years of focusing on cost reduction, the majority of procurement leaders say they plan to spend more and increase workloads in 2024, meaning procurement buyers will have more power to influence change and optimize spend across the entire supply chain. But what does a procurement buyer do, exactly?

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Finale Inventory

JULY 25, 2024

By optimizing stock levels and turnover rates, businesses can enhance cash flow and cut holding costs related to excess inventory. It involves tracking inventory levels, optimizing stock availability, and making informed decisions about stock replenishment. Effective inventory management also affects operational efficiency.

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Supply Chain Game Changer

NOVEMBER 22, 2018

Where is procurement, outsourcing, sourcing, supply chain, and purchasing going? As we have all seen in the last few years, school districts across the United States are not making budget and there have been a lot of cuts. Federal Government is stepping up cutting budget dollars for programs. What are We Seeing Firsthand?

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Arkestro

DECEMBER 12, 2023

Then, we’ll share some tips on how retailers can streamline and optimize procurement to ensure a successful holiday shopping season. The same survey found that just 35% of consumers say they plan to splurge on themselves or others this year — a 4% decline from 2022. What’s trending this holiday season?

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

Finale Inventory

SEPTEMBER 23, 2024

This article covers the importance of equipment inventory management, the features and benefits of Finale Inventory, as well as strategies for optimizing inventory management processes and future trends in this field. It includes strategic planning, forecasting, and optimization to ensure the right equipment is available when needed.

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World of Procurement blog

MAY 8, 2024

Procurement differs from purchasing in a few key ways: Strategic focus : Procurement has a strategic, long-term focus on analyzing spend, reducing costs, managing supplier relationships, and mitigating risk. Its strategic importance stems from its impact on profitability, efficiency, risk mitigation, and competitiveness.

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Skill Dynamics

JUNE 26, 2024

Supply chain and procurement leaders are continually tasked with planning an eLearning project. Here at Skill Dynamics, we take great pride in our methodical approach to supporting eLearning project planning. Cost-effectiveness: Define your goals and assess what constitutes a financially viable approach.

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supply chain budgeting Supply Chain Optimization Supply chain Budget 52

NLPA (Next Level Purchasing Association)

MAY 7, 2023

The executive component of S&OP is the eS&OP, where top management, middle managers, and specialists meet to balance supply and demand, align operational and financial planning, connect strategic planning with day-to-day sales and operations, and establish policy, strategy, risk, and budget changes via a disciplined discussion.

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Finale Inventory

JUNE 13, 2024

In this article, we will explore the importance of inventory management in ecommerce, take a closer look at Finale Inventory solutions, discuss how to implement inventory management solutions, optimize your inventory management practices, and delve into the future trends in inventory management.

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TYA Suite

AUGUST 6, 2024

Effective inventory management is crucial for businesses aiming to optimize operational efficiency and meet customer demand without excessive costs or shortages. By leveraging data-driven insights, businesses can streamline procurement, minimize carrying costs, and ensure adequate stock levels.

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IBM Supply Chain Blog

DECEMBER 4, 2023

In the rapidly-evolving business ecosystem, many companies face a combination of challenges, including inflation, supply chain disruptions and a complex labor market. In this scenario, traditional planning methods may hinder a company’s ability to respond quickly and strategically to changing opportunities and challenges.  

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TYA Suite

AUGUST 26, 2024

For small and medium-sized businesses (SMBs), optimizing procurement processes is essential for maintaining a competitive edge and ensuring operational efficiency. Often overlooked in strategic planning, procurement management can significantly impact a company's bottom line.

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Finale Inventory

AUGUST 28, 2024

It ensures that you have the right products available at the right time, in the right quantities, and at the right cost. By efficiently managing your inventory, you can improve your cash flow, enhance customer satisfaction, and optimize your supply chain.

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TYA Suite

NOVEMBER 25, 2024

This approach can lead to poor choices that may impact product quality and supply chain stability. The lack of data analysis and strategic planning can also result in missed opportunities for long-term savings and improvements. : The decision-making process in strategic sourcing is methodical and data-driven.

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Finale Inventory

JULY 23, 2024

Inventory management goes beyond just keeping track of physical goods; it involves strategic planning to optimize cash flow and ensure efficient operations. Maintaining optimal inventory levels enables companies to fulfill orders promptly, avoid stockouts, and prevent excess inventory accumulation.

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IBM Supply Chain Blog

JUNE 29, 2023

To be successful, businesses need to have clear, real-time visibility into the condition of their assets and a plan to keep them running smoothly and make repairs quickly when things break. Reduced costs: When asset reliability improves, maintenance labor, inventory, and working capital costs go down—it’s that simple.

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