Remove Strategic planning Remove Supply chain resilience Remove supply chain software solutions
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Friends not Foes, Supplier Relationships Made to Last

ivalua

Supply chains are complex and varied; to manage them effectively, you need to understand exactly what’s happening in both your supply chain and your customers’ end markets. How can you create a more efficient supply chain and gain a better understanding of overall performance?

Suppliers 246
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Technology Support in Integrated Business Planning: Automation, Augmentation and Human Centricity

Supply Chain Trend

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.

professionals

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Why Predictive Procurement in Health and Pharma is the Future

Arkestro

From April 2021’s “ A New Paradigm For Procurement ”: “As enterprises increasingly depend on an expanding and evolving supplier ecosystem, better optimization of strategic planning and procurement is paramount. Procurement and sourcing teams worked tirelessly to find solutions to disrupted supply chains.

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Best Practices & Strategies for Supplier Risk Management

TYA Suite

Having a solid risk management plan allows companies to anticipate problems before they escalate, ensuring that supply chains remain efficient and reliable. Furthermore, collaboration allows companies to work together with suppliers to find solutions and strengthen the supply chain.

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5 Big Ideas for CPOs in Europe to Develop Procurement Strategies for 2023

Zycus Cognitive Procurement

As per the experts “ PLAN for 2023 requires a synergy between people, process and technology aspects.” Let us look at each aspect: People: Enterprises should focus on hiring people who can interpret the pain points of business partners with their fact-based, decision-making skills.

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Procurement 101: Your Essential Guide to Strategic Sourcing

World of Procurement blog

Developing a Strategic Procurement Plan A detailed 3-5 year strategic plan turns the strategy into an actionable roadmap. The plan defines activities like category analysis, supplier consolidation, technology implementation, process re-engineering, skill building etc. needed to deliver on the KPIs.

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The Impact of Digital Transformation on Spend Analysis

Empowering CPO

Financial Systems: Integration with financial systems, such as Enterprise Resource Planning (ERP) software, general ledgers, and accounts payable systems, can provide insights into expenditure across different departments and business units. These systems offer a centralized source of data for spend analysis.