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.

Supply chain resilience 130

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

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.

Supply Chain Efficiency 87

Supply Chain Efficiency supply chain budgeting Supply chain management Supply chain management 87

SCMDOJO

JUNE 21, 2023

The Supply Chain as a Service (SCaaS) market has experienced significant growth in recent years, with even greater potential ahead. SCaaS is a technology-driven approach to managing supply chains, offering comprehensive end-to-end solutions for businesses. Let’s delve into this emerging concept.

Supply Chain Optimization 99

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting supply chain software solutions 99

Empowering CPO

MAY 31, 2023

Introduction In today’s interconnected world of business, Supplier Relationship Management (SRM) stands as a pillar of success for organizations across the globe. It’s the concerted effort of strategically planning and managing all interactions with suppliers that supply any goods and/or services to an organization.

Supplier relationship management 52

Supplier relationship management Collaboration Suppliers Supply Chain Efficiency 52

Procurement Heads

NOVEMBER 9, 2022

From then, seeking a new challenge, I moved to LV= to IT procurement a couple of years later and didn’t look back until earlier this year when I was presented with a great opportunity to head up the non-Claims Supplier Relationship Management (SRM) team here at Allianz Holdings, after first TUPE’ing across at the start of 2020.

e2e 246

e2e supply chain budgeting Agile and Lean Supply Chain Chief Procurement Officer 246

TYA Suite

AUGUST 6, 2024

At its core, procurement involves building and maintaining robust relationships with suppliers to ensure a seamless flow of operations. This is where supplier relationship management (SRM) plays a pivotal role.

Supplier relationship management 40

Supplier relationship management Suppliers Import Supply Chain Efficiency 40

Skill Dynamics

JANUARY 9, 2025

Strong supply chain capabilities drive efficiency and develop competitiveness in an oversaturated market. Global disruptions such as COVID-19 have unearthed a wide range of vulnerabilities within international supply chains. To develop these relationships, regular communication is key.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Supply Chain Optimization Supply chain 52

Procurement Templates

DECEMBER 11, 2024

Strategic Objectives Cost Savings: Achieve cost reduction targets through effective supplier negotiations and strategic sourcing. Savings can be cashable or non cashable i.e. cost avoidance. Supplier Relationship Management: Build and maintain strong supplier partnerships to ensure long-term business value.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Cost of ownership 130

Zycus Cognitive Procurement

JANUARY 31, 2023

As businesses strive to remain competitive in times of economic uncertainty, there is an increased need for effective supplier relationship management. A strong collaboration between the purchaser and suppliers can result in lower costs and better quality products, while driving innovation.

Supplier relationship management 40

Supplier relationship management Suppliers Management Supply Chain Efficiency 40

SCMDOJO

MAY 7, 2024

Supply chains are vital to businesses, facilitating the movement of goods, services, financial flows, and information. Enhancing supply chain resilience as well as supply chain visibility is crucial in today’s interconnected world. However, they are also susceptible to disruptions and risks.

Supply Chain Visibility 84

Supply Chain Visibility Real-time Visibility e2e Supply Chain Optimization 84

Una

SEPTEMBER 6, 2022

Perhaps the size of your team has been reduced, your function’s operating budget has been cut, or there is an organization-wide drive to eliminate waste and increase efficiency. Reducing paperwork such as lengthy RFP documentation to a lean canvas (otherwise known as a “plan on a page”). What about lean supply chain management?

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain supply chain budgeting Procurement Procurement strategies 98

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.

Strategic sourcing 78

Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 78

Una

OCTOBER 17, 2023

EPISODE 137 Using Visibility to Combat Supply Chain Abstraction with Frank Kenney By Kelly Barner | October 18, 2023 In the race to build global empires of data and digital systems, today’s businesses must not risk forgetting what all of those zeroes and ones mean.

supply chain budgeting 81

supply chain budgeting Real-time Visibility Supply Chain Efficiency Supply chain 81

ivalua

MARCH 11, 2020

Ikea is a leader with plans to ensure a sustainable supply chain. Many changes can reduce costs or reduce risk at the same time as delivering improved CSR. Digitization of Procurement and supply chain is an area that is ripe for incrementalism. This is a shame not just for the social benefit.

supply chain budgeting 130

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

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, up from $1.9

Supply Chain Visibility 52

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

SCMDOJO

APRIL 26, 2023

Job Description and Requirements ] At a glance: What is Category Management in Procurement? Category Management Software What is Category Management in Procurement? This strategy also ensures strategic supplier relationship management as per the various categories.

Category management 84

Category management Management Supplier relationship management supply chain software solutions 84

IBM Supply Chain Blog

JANUARY 31, 2024

With rising consumer and stakeholder expectations around ethical and responsible supply chains, who supplies your organization’s goods and services is also a C-suite consideration. The sourcing process sits within supply chain management and is used for identifying, vetting and selecting the best suppliers.

Sourcing 91

Sourcing supply chain budgeting Supply Chain Efficiency Agile and Lean Supply Chain 91

ivalua

FEBRUARY 24, 2021

Every Superhero needs a side-kick to achieve maximum performance, and according to Hackett’s Nicolas Walden, turning your suppliers into allies is an essential first step towards achieving AP Superhero status. . Bad Supplier Relationship Management is the kryptonite for AP .

Suppliers 130

Suppliers supply chain budgeting Supplier relationship management Eprocurement 130

SCMDOJO

OCTOBER 28, 2024

Procurement professionals can contribute significantly to the S&OP process by providing valuable insights into supply chain dynamics, identifying potential risks, and optimizing sourcing strategies. Supplier Relationship Management: Regular performance reviews help build trust and strengthen relationships with suppliers.

Procurement 75

Procurement Supply Chain Optimization supply chain budgeting Supply Chain Efficiency 75

The Procuretech Podcast

MARCH 12, 2024

How to get a budget for procurement tech This episode delves into the evolving procurement technology market, highlighting a trend towards niche solutions tailored to specific industries and geographies, driven by the unique procurement needs across sectors and regions. 00:19:19] Due diligence on IT suppliers. [00:23:15]

supply chain budgeting 40

supply chain budgeting Budget supply chain software solutions Procurement 40

Finale Inventory

AUGUST 14, 2024

Hospital supply chain management plays a key role in the efficient operation of healthcare organizations. In an industry where patient care is paramount, having a well-managed supply chain is important for ensuring timely delivery of medical equipment, medications, and other necessary supplies.

Agile and Lean Supply Chain 52

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

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.

Supply Chain Optimization 52

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

Una

JUNE 1, 2023

From supplier relationship management and global sourcing to risk assessment and sustainability initiatives, each day brings new hurdles to overcome. Make a real impact in ESG and sustainability Procurement is not just about reducing costs ; it’s also about driving innovation and embracing sustainable practices.

Procurement 98

Procurement supply chain budgeting Sustainability Negotiation 98

Una

MARCH 6, 2023

Procurement process automation can involve anything from automated supplier discovery, risk monitoring, payment processing, spend analytics , and contract approval. The exciting part is that automation frees up your team for big-picture projects, supplier relationship management, strategic planning, and continuous improvement.

Innovation 98

Innovation Purchasing Agile and Lean Supply Chain Supplier relationship management 98

Procurify

MAY 26, 2022

Did you know that only 22 percent of companies have a proactive supply chain network? That’s why in today’s fast-paced global economy, it’s more important than ever to make sure your supply chain is efficient and reliable. . Let’s take a look at each of these supply chain management methods. .

Agile and Lean Supply Chain 52

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

Una

OCTOBER 25, 2022

Procurement professionals are now celebrated for their innovation, creativity, agility, and cost-saving initiatives. And let’s not forget the crucial role they play in driving diversity and sustainability within the supply chain. Reducing suppliers also helps mitigate risk throughout the supply chain.

Supply Chain Efficiency 105

Supply Chain Efficiency Procurement Purchase orders Real-time Visibility 105

Procurement Templates

MARCH 3, 2024

Risks may include budget constraints, supply chain disruptions, quality issues, legal compliance, etc. Budget Analysis : Evaluating the available budget and financial resources is crucial to ensure that the procurement activities align with the organization’s financial capabilities.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

Procurement Heads

NOVEMBER 9, 2022

From then, seeking a new challenge, I moved to LV= to IT procurement a couple of years later and didn’t look back until earlier this year when I was presented with a great opportunity to head up the non-Claims Supplier Relationship Management (SRM) team here at Allianz Holdings, after first TUPE’ing across at the start of 2020.

e2e 130

e2e supply chain budgeting Agile and Lean Supply Chain Chief Procurement Officer 130

Barkers Procurement

FEBRUARY 27, 2023

All of this has put inflationary pressures on the economy overall, driving costs up. Critically, for the water industry, are serious concerns regarding the sector’s supply chain resilience and whether the supply chain is capable of supporting water companies to deliver on the mandates outlined in AMP8.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Supply chain Risk 52

Arkestro

JANUARY 23, 2024

Procurement managers play a key role in this rapid growth, helping organizations optimize costs, negotiate favorable terms with suppliers, and ensure financial efficiency. The best procurement managers are masters of risk mitigation and budget management, while also maintaining high quality standards and a competitive edge.

supply chain budgeting 52

supply chain budgeting Management Supply Chain Optimization Procurement 52

ivalua

MARCH 9, 2023

Generate Greater and More Sustainable Value Across Your S2P Process Download the Ivalua Source-to-Pay (S2P) Datasheet Vishal Patel VP Product Marketing Vishal has spent the last 1​5​ years in various roles within the Procurement and Supply Chain technology market.

Sourcing 130

Sourcing Real-time Visibility e2e supply chain software solutions 130

Procurement Insights

JANUARY 3, 2025

Here’s a breakdown of the shifts over this period: 2011: Procurement as a Tactical Function Primary Focus on Cost Savings : In 2011, CFOs largely viewed procurement as a cost-control function , tasked with negotiating contracts, reducing spend, and maintaining compliance with budgets.

Agile and Lean Supply Chain 52

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

Arkestro

DECEMBER 26, 2024

As the procurement industry and supply chains become more tech-driven and complex, one fact is clear: companies that embrace industry trends will be best positioned to thrive in the challenging procurement landscape of 2025 and beyond. Here are five key trends that will shape procurement and supply chain management in the coming year.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

Jaggaer

OCTOBER 24, 2024

Their responsibilities focus on going beyond cost reduction and achieving broader business goals such as growth, innovation, and customer satisfaction. As procurement and supply chain leaders seek to optimize performance, collaboration with suppliers becomes a strategic tool for creating value for the business.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency supply chain software solutions 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. If you look to solve problems 1 and 2 and ignore problem 3 then you are going to lose.

Chief Procurement Officer 130

Chief Procurement Officer Supply Chain Optimization supply chain budgeting Innovation 130

Jaggaer

OCTOBER 24, 2024

That’s why supplier collaboration—that consistent, trusted, and responsive interaction between supplier and manufacturer—is pivotal to manufacturing success. Supplier Collaboration vs. Supplier Relationship Management What good is having the best suppliers if you can’t communicate well enough to leverage their products and skills?

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency 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