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Procure-to-Pay vs. Intake-to-Pay: What You Need to Know

Precoro

The procurement landscape is ever changing, and recently, in contrast to the traditional procure-to-pay platforms, we have seen the emergence of a new type of software solution, intake-to-pay, which is marketed as a more comprehensive solution. What is procure-to-pay? a driverless car). a driverless car).

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Unlocking Success: Why Strategic Sourcing Is Important for Your Company

Precoro

As part of the larger procurement process, sourcing involves finding and evaluating suppliers for goods or services that need to be purchased. Goals beyond the best purchasing price fall into strategic sourcing. In many cases, new companies start with simple sourcing to get the procurement process rolling.

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Elevating The Voice of the Supply Chain Contrarian

Supply Chain Shaman

” The industry is in a groupthink, largely missing the opportunities for breakthrough innovation. For example, the Gartner Top 25 celebrates the accomplishments of Intel (active with Gartner), but in the analysis in Table 1, Nvidia Corporation and Taiwan Semiconductor (TSMC) clearly outperform Intel in the Semiconductor Industry.

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Climate Change will Drive Manufacturing Innovation

QAD

Regardless of what laws politicians enact, customers want their purchasing dollars to go to those who behave responsibly. So, what does this have to do with innovation? Climate-driven Manufacturing Innovation. What’s needed are tools and technologies that go beyond current capabilities, and those require innovation.

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Supply Chain as a Service (SCaaS): A Golden Opportunity for the Supply Chain Industry

SCMDOJO

SCaaS is a technology-driven approach to managing supply chains, offering comprehensive end-to-end solutions for businesses. SCaaS offers a solution by enabling hospitals to engage in strategic procurement, ensuring standardized operations throughout the contract duration. Let’s delve into this emerging concept.

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Save The Supply Chain Leader From Groupthink

Supply Chain Shaman

When it comes to inventory and driving improvement in the face of variability, there are five issues: Poorly Implemented Advanced Planning Solutions. IBM, in contrast, purchased over fifteen supply chain acquisitions but drove little innovation. I tell technology leaders, that IBM is the company where innovations go to die.

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The Top 15 Benefits of Ecommerce to Business

Unleashed

Purchases can be made while on the move, on impulse and in response to a particular need at that time. This will evolve as eCommerce technology does and the purchasing experience becomes more sophisticated and user-friendly. For example, customers who want to know when an item is back in stock can use the ‘notify me’ function.