ivalua

AUGUST 21, 2022

Among these practices are supplier identification through sourcing, relationship management, and reporting. Strategies to Improve Sustainability in Procurement. 55% of our respondents cited collaboration with all stakeholders to set improvement goals as top strategy to improve sustainability.

Sourcing Strategies 240

Sourcing Strategies Optimal Sourcing Sustainability Supply Chain Strategy 240

Precoro

DECEMBER 11, 2023

To enhance their competitive edge, companies across industries are adopting a key tactic: strategic sourcing. Strategic sourcing is a holistic approach to supply chain management that includes tactics for optimizing the total cost of ownership, improving supplier relationships, and ensuring long-term value creation.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

ivalua

JANUARY 13, 2023

As more and more organizations, countries, and cultures embrace diversity programs, unique certifications and data sources will increase exponentially. Specifically, Source-to-Pay solution providers are critical supplier diversity partners and customers should trust these partners to support their diversity initiatives. .

Sourcing Strategies 246

Sourcing Strategies Cost Reduction Strategies Expense Reduction Optimal Sourcing 246

Logility

MAY 17, 2023

The urgent need for supply chain resiliency is increasing interest in onshoring, reshoring, and nearshoring strategies. By gaining data-driven consensus across strategic, operational, and tactical decisions, supply chain leaders can improve operational resiliency.

Vendor Strategies 171

Vendor Strategies Cost Reduction Strategies Price Reduction Inventory Reduction 171

Logistics Viewpoints

JUNE 29, 2021

In a prior post , I wrote about the various ways data is transforming global supply chains. Data is the raw fuel of digital transformation and the linchpin to accelerating industry collaboration, automation, predictive insights and so many more cutting-edge capabilities (including those yet to be invented). So, what is quality data?

Quality 244

Quality Supply Chain Design Software Supply Chain Planning Software Data 244

ivalua

DECEMBER 21, 2021

Redwood, CA, 20th December 2021 – Ivalua, a leading provider of global Spend Management Cloud solutions, today announced that Canada’s largest co-operative, Federated Co-operatives Limited (FCL), has gone live with its source-to-contract solution which includes a seamless integration to TealBook, the leading supplier data foundation.

Manufacturing Procurement 130

Manufacturing Procurement Sourcing Strategies Optimal Sourcing Predictive Analytics Software 130

crisp

APRIL 25, 2024

CPG leaders continue to focus on plans to build greater resilience into their supply chains and business strategies as a hedge against forces such as geopolitical uncertainty and climate volatility. Kraft Heinz’s data suggests regardless of income, consumers are seeking value and are finding it at places like dollar stores and club stores.

Demand Planning Software 52

Demand Planning Software Supply Chain Planning Software Supply Chain Design Software Sourcing Strategies 52

Freightos

APRIL 27, 2023

In this article, Eytan Buchman, Freightos’ CMO, discusses the importance of data and context in global freight and logistics. The future of global freight data lies in real-time information, contextual insights, and aggregated data that can help companies make better decisions and adapt to a rapidly changing industry.

Freight 156

Freight Data Prescriptive Analytics Software Negotiating Skills 156

SYSPRO Smarter ERP

MARCH 28, 2024

Data-driven decision making is the process of collecting the data that a company uses, and transforming it into actionable insights. It is a modern business strategy that lets company staff make decisions based on facts instead of biases. The volume and quality of data is important.

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Planning Software Optimal Sourcing Optimization Software 52

ivalua

NOVEMBER 26, 2020

Supply Chain Strategies: What the Pandemic Has Taught Us So Far? While this strategy appears to be a viable solution, as there will be some shortening of supply chains moving forward, it is not realistic to expect that a vast global supply chain network will not continue to exist. Stalwarts of Business Planning Showing Cracks.

Sourcing Strategies 264

Sourcing Strategies Material Savings Cost Reduction Strategies Inventory Reduction 264

ivalua

APRIL 25, 2023

Ivalua provides us with greater transparency and data-driven insights which will allow us to improve our sourcing decisions and contract management, and also optimize supplier management”, said Niklas Selle, Digital transformation lead in Supply Chain at Aker BP. “The Learn more at www.ivalua.com. Follow us on LinkedIn and Twitter.

Optimal Sourcing 130

Optimal Sourcing Sourcing Strategies Supplier Management Norway 130

Logistics Viewpoints

APRIL 6, 2023

This myopic lack of focus on supply risks and product risks for purchasing results in significant process in-efficiencies in the way sourcing, contracting, purchasing, invoicing and payments are done for each of the four categories of the products above since they are handled by different departments or processes.

Optimal Sourcing 201

Optimal Sourcing Sourcing Strategies Manufacturing Procurement Material Savings 201

Logility

MAY 3, 2021

While sales and operations planning (S&OP) is critical to the creation of an overall business strategy to maintain a competitive edge, sales and operations execution (S&OE), along with a process to support it, should also be a top priority for your organization. S&OP Defined. This keeps operational costs optimized.

Inventory Reduction 246

Inventory Reduction Cost Reduction Strategies Resource Reduction Sourcing Strategies 246

Supply Chain Matters

FEBRUARY 28, 2024

Supply Chain Matters highlights concerns raised by automotive industry interests regarding evolving component sourcing among China based suppliers within Mexico. The report specifically cites data from Mexico’s national auto parts industry association indicating that the value of Chinese auto parts produced in Mexico and exported to the U.S.

Mexico 52

Mexico Sourcing Strategies Manufacturing Procurement Sourcing 52

EC Sourcing Group

FEBRUARY 8, 2023

Legacy sourcing methods work against you. From lost opportunities to higher costs, outdated sourcing methods and traditional sourcing strategies can impede your success and the growth of your business. Sourcing Strategies in Procurement: What Is Traditional Sourcing?

Optimal Sourcing 52

Optimal Sourcing Purchasing Skills Sourcing Strategies Negotiating Skills 52

ToolsGroup

APRIL 27, 2022

Image source: APA. For example, as of March 2022, 81% of Americans say the supply chain is a significant source of stress. Image source. Actual) Strategies for Managing Stress in the Workplace. And the strategies you can add to your daily routine. Image source: APA. So let’s turn to some qualitative data.

Sourcing Strategies 296

Sourcing Strategies Supply Chain Strategy Price Mitigation Strategies Strategy 296

ivalua

JUNE 14, 2023

Up front efforts to define roles and responsibilities, document requirements, integrate with other enterprise systems, and maximize the value of data will be rewarded in multiple forms well beyond the conclusion of the implementation. An Analysis by Ivalua Read More : What is Source to Pay Best Practice?

Optimal Sourcing 239

Optimal Sourcing Sourcing Strategies Procurement Resource Reduction 239

SCMDOJO

APRIL 9, 2024

From the ubiquity of the Internet and various electronic gadgets, we are now in the era of next-level digital space where businesses and individuals can easily leverage the power of cloud computing, big data analytics, AI, and the Internet of Things (IoT). These have become part of many aspects of modern life, including commercial logistics.

Supply Chain Design Software 76

Supply Chain Design Software Logistics Network Optimization Software Optimal Sourcing Supply Chain Design 76

Taulia

DECEMBER 2, 2021

Ethical sourcing is one solution for improving a business’ environmental footprint. What is ethical sourcing? Ethical sourcing is a responsible approach to supply chain management that involves sourcing products and raw materials from businesses that comply with certain sustainable practices and legal requirements.

Sourcing Strategies 98

Sourcing Strategies Optimal Sourcing Sourcing Vendor Strategies 98

ivalua

FEBRUARY 11, 2021

What are Green Supply Chain Strategies? How can large companies address sustainable Supply Chain strategies? Utilising third party data sources such as EcoVadis when reviewing suppliers can enable organisations to start to understand the environmental impact of the suppliers they are working with.

Material Savings 189

Material Savings Cost Reduction Strategies Sourcing Strategies Supply Chain Strategy 189

DynaSys

AUGUST 31, 2021

Data is an integral part of the demand planning cycle. But, the trickiness of collecting data comes mainly from pulling it from all the sources of data for demand planning as well as unifying the data. But, it doesn’t mean that you’re stuck with siloed or disjointed data by department, facility, and/or function.

Supply and Demand 52

Supply and Demand Demand Planning Supply Chain Planning Software Demand Planning Software 52

Precoro

SEPTEMBER 6, 2021

As both sourcing and procurement are related to obtaining supplies for the organization, confusing these two terms is easy. Understanding their distinction can help you ensure the coordination between the responsible teams and adopt the right strategies for improving both sourcing and procurement. Procurement.

Optimal Sourcing 97

Optimal Sourcing Manufacturing Procurement Purchasing Skills Procurement Solutions 97

Enterra Insights

APRIL 21, 2021

1] The fourth revolution is being driven by data. He observes, “For many manufacturing and supply chain organizations, the Covid-19 pandemic highlighted multiple shortcomings in their data management strategies. ” Data and Advanced Analytics in Industry 4.0 Industry 4.0 revolution. In fact, it already is.”

Analytics Software 130

Analytics Software Big Data Predictive Analytics Price Reduction 130

QAD

APRIL 22, 2021

This is certainly true in the area of strategic sourcing where procurement teams rely heavily on manually intensive efforts to identify and select suppliers. Manufacturers face ongoing challenges in selecting the optimal source of supply for the many materials, products and services they procure. Boost Long-term Supplier Relationships.

Manufacturing Procurement 83

Manufacturing Procurement Optimal Sourcing Negotiating Skills Purchasing Skills 83

EC Sourcing Group

OCTOBER 4, 2022

Strategic Sourcing Solutions to Enhance Your Bottom Line. Strategic sourcing is vital to procurement and the supply chain overall, as it allows companies to gain the lowest cost of a good or service while minimizing supply chain risk. What Is Strategic Sourcing?

Negotiating Skills 52

Negotiating Skills Purchasing Skills Sourcing Strategies Procurement Solutions 52

LevaData

MAY 16, 2022

If so, which negotiation strategies—or alternative sourcing decisions—might reduce the gap? But there is a way—once procurement and sourcing move away from enterprise-specific systems and onto multi-enterprise shared marketplaces that connect buyers and sellers and against which smart data analytics and AI can be thrown.

Purchasing Skills 80

Purchasing Skills Negotiate Pricing Negotiating Skills Price Reduction 80

Unleashed

MAY 15, 2023

Wholesalers and manufacturers need effective B2B strategies to sustain business growth and beat the competition. From targeted email campaigns to inventory management integrations, we’ll outline how you can develop strong B2B CRM strategies to improve business performance and achieve predictable growth. What is a B2B CRM strategy?

Inventory Reduction 105

Inventory Reduction Sourcing Strategies Waste Reduction Manufacturing Procurement 105

Enterra Insights

JUNE 10, 2020

… Based on data collected in the period of September-October 2019 from over 600 business leaders, at the start of the year, the likelihood of a pandemic was low risk. ” Cecere’s remarks beg the question: What should your company’s supply chain strategy be going forward? What is supply chain strategy?

Sourcing Strategies 130

Sourcing Strategies Price Reduction Resource Reduction Cost Reduction Strategies 130

Supply Chain Matters

JUNE 29, 2023

That would include alternatives to China under the umbrella of China Plus sourcing, along with other alterative sourcing strategies to include domestic on-shoring or near-shoring of supply network needs. Most of such product business and strategies are predicated on a focus toward major geographic market needing support.

Sourcing Strategies 52

Sourcing Strategies Price Reduction Mexico Supply Chain Strategy 52

ivalua

APRIL 9, 2021

The study reveals how the disruption caused by COVID-19 has transformed procurement and supply chain strategy across the globe, exploring how procurement is helping organisations get back on their feet after the pandemic. This means using data to find new revenue streams and unlock supplier-led innovation.

Inventory Reduction 130

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Optimal Sourcing 130

The Logistics of Logistics

SEPTEMBER 25, 2023

Paul is the Founder and Chief Strategy Officer of Verusen , a supply chain intelligence platform, purpose-built to help manufacturers streamline their MRO supply and materials management. About Paul Noble As Founder and Chief Strategy Officer of Verusen, Paul Noble oversees the company’s vision and strategic direction.

Optimal Sourcing 263

Optimal Sourcing Material Savings Sourcing Strategies Inventory Reduction 263

Enterra Insights

FEBRUARY 17, 2022

Without a holistic vision and strategy, technologies purchased to enhance one city system might not be compatible with technology utilized to enhance other urban systems. It is updated via real-time data and leverages a machine learning data lifecycle to effectively become a living thing.”[1] Data and the Digital Twin.

Sourcing Strategies 130

Sourcing Strategies Expense Reduction Cost Reduction Strategies Resource Reduction 130

ivalua

APRIL 8, 2021

The study reveals how the disruption caused by COVID-19 has transformed procurement and supply chain strategy across the globe, exploring how procurement is helping organizations get back on their feet after the pandemic. This means using data to find new revenue streams and unlock supplier-led innovation.

Inventory Reduction 130

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Optimal Sourcing 130

Enterra Insights

MAY 6, 2021

In the area of big data, geological features are often used to depict the enormity of the data involved. ” Alexandrov and Vesselinov write, “A seemingly bottomless ocean of ‘big data’ has flooded our world. The features that SmartTensors extracts are explainable and understandable chunks of data.”

Prescriptive Analytics Software 130

Prescriptive Analytics Software Analytics Software Data Supply Chain Network Software 130

ivalua

FEBRUARY 4, 2020

North Carolina State Poole College of Management recently produced this 28 page report entitled “ 2019 Supply Chain Data Quality and Governance Study ”. The report contains some great illustrations of the current state of Data governance across the organizations that were surveyed, with a specific focus on the supply chain.

Data 130

Data Analytics Software Optimal Sourcing Supply Chain Software 130

American Global Logistics

NOVEMBER 14, 2023

A Comprehensive Introduction, the 4 V's, and Its Significance for Businesses Introduction In the era of digital transformation, the term 'big data' has become more than just a buzzword. Data, analytics, and technology are intertwined concepts that are shaping the future of businesses across the globe. What is Big Data?

Big Data 52

Big Data Data Analytics Software Logistics Network Optimization Software 52