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These 7 Industrial Procurement Trends will Impact Supply Chain & Logistics in 2018

GlobalTranz

Procurement must never be an afterthought in any enterprise. The answers to these questions lie in understanding a few of the top industrial procurement trends to expect in 2018. WHITE PAPER] The Top Supply Chain Trends that Will Impact Supply Chain Management in 2018. Download white paper.

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Are engineering change requests a necessary part of your process?

Arena Solutions

In some cases, if ECRs are not used correctly, by the time you craft the ECR , add in the appropriate documentation, review it with the product engineer, and send the ECR around for approval, initiating the engineering change order (ECO) may be redundant. So, if your ECRs are being used as quasi-ECOs, do you need them?

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You Can’t Achieve Procurement Success Without A Strong Foundation

HICX Solutions

In fact, according to a survey carried out by PayStream Advisors , 39% of enterprise-level (companies with revenues greater than $2bn) procurement and sourcing professionals listed ‘increasing supply chain efficiency’ as their main aim when it comes to managing suppliers. Well, because you’re not alone in this respect.

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Future of Procurement Study Available

Supply Chain View from the Field

I recently completed a study of 25 CPO’s, each providing their view of what procurement will look like in 2025. Procurement has a history that is linked in the core concepts of centralization, volume leveraging, and cost reduction. You can download the full report at this link.

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Purchase Order Accruals in SAP S/4HANA

Bristlecone

Organizations procure a wide variety of consumables, goods and services to run their day-to-day operations. No redundant storage of accrual documents. Check out this white paper: Purchase Order Accruals in SAP S/4HANA 1909 – and reach out to us at info@bcone.com to book a demo. Interested in taking a deeper dive?

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Getting to S&OP Success

Logility

Sales and Operations Planning (S&OP), first introduced more than 30 years ago, has many documented examples of success. Goal: Rather than whipping up high-level aggregate plans, create playbooks that translate the plan at the detailed execution level that adheres to actual production, procurement, and distribution constraints.

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Blockchain has real potential to reduce ‘old school’ procure to pay transactions

NC State SCRC

IBM’s new white paper “Making Blockchain Ready for Business”, in which they conducted a roundtable with a number of executives provides some important clues as to how the technology will unfold in the next few years. Only 5%% of payments are made by procurement cards – and 34% are made by ACH Credits!