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Inefficient Procurement processes are costing UK businesses almost £2m per year, reveals research

ivalua

At the same time, two-thirds (66%) of businesses admitted they were still reliant on such processes as part of their Procurement or supplier management function. The research, conducted by Vanson Bourne on behalf of Ivalua, found that 71% of respondents believed the rate of digitisation in Procurement is low.

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BD Achieves End-to-End Supply Chain Visibility

Logistics Viewpoints

Kevin Nelson, a chief procurement officer and senior vice president at BD, agreed to be interviewed on this topic. Mr. Nelson points out that it is possible for a sourcing problem deep in a supply chain to halt production for BD. BD, was using a supply chain risk management solution. They call this their “n-tier” supply chain.

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Putting Procurement Front and Center of Your Supply Chain

Oracle SCM

Procurement professionals are now playing an increasingly strategic role within their organizations. Procurement of raw materials and components that go into the manufacturing process is essential to ensure final product quality and strong financial performance. The new procurement professional needs a broad set of skills.

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5 Models of AI for Supply Chain Risk Management—And Why They Matter

Resilinc

Currently, Resilinc uses several predictive AI models in tracking purchase orders (POs) and commodities, autonomous mapping, risk-scoring models, and simulators. Regression Models: Predict Purchase Order Delays What are regression models? Watch the video below to learn more about our Purchase Order Delivery Delay Prediction Engine.

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Medical Manufacturing Under Pressure: How Encompass Group Is Responding to COVID-19

Demand Solutions

Even many medical manufacturing companies are wondering how they can help. When COVID-19 first broke out, Demand Solutions customer Encompass Group decided not to sit on the sidelines. When COVID-19 first broke out, Demand Solutions customer Encompass Group decided not to sit on the sidelines.

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Unleashed SME Supply Chain Resilience Roundtable: Improving Cash Flow in a Manufacturing Business

Unleashed

Product businesses are holding more stock than ever before, creating new cash flow problems for manufacturers. James Ewing: Procurement Manager at Renewable Parts Ltd. Tim Wright: Founder of two medical equipment manufacturing companies and currently MD of Langcroft Consultancy – specialists in digital transformation.

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New data: NZ manufacturers back at pre-Covid level + Aus booms

Unleashed

The latest data shows New Zealand’s manufacturers appearing to shrug off the ‘80% economy’, reaching pre-Covid levels of activity at the end of June. The data in question has been sourced from Unleashed Software’s inventory management and business SaaS product. Australian manufacturing booming. NZ purchasing rebounds.