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As supply chains become more interconnected and risks more dynamic, traditional procurement tools fall short. AI agents offer a smarter, faster way to manage sourcing, risk, and spend across the entire procurement lifecycle. What’s the technology behind autonomous procurement agents?
As supply chains become more interconnected and risks more dynamic, traditional procurement tools fall short. AI agents offer a smarter, faster way to manage sourcing, risk, and spend across the entire procurement lifecycle. What’s the technology behind autonomous procurement agents?
Enterprise procurement leaders are under more pressure than ever—juggling cost control, compliance, supplier risk, and internal complexity, all while trying to modernize outdated systems. AI, automation, and generative tools are redefining efficiency, allowing procurement teams to move from reactive to proactive decision-making.
Enterprise procurement teams face growing pressure to deliver strategic value – managing supplier risk, ensuring compliance, and supporting sustainability – all without sacrificing speed or control. This blog explores the most common challenges in digital procurement and the capabilities that matter most.
We recommend leveraging these workstreams, based on Gartner’s 4 Workstreams for Successful Implementation of Any Procurement Application to maximize the impact of your next large-scale procurement implementation: 1. Ivalua Spend Management Insights [ivory-search] Get Ready for Success!
If you’re evaluating procurement technology or exploring ways to drive more value from existing systems, chances are you’re looking beyond tactical fixes – you want a smarter, scalable strategy. Misaligned priorities across finance, legal, and procurement create friction that delays decision-making and reduces impact.
Why Your Procurement Strategy is More Critical Now Than Ever Before In an era of global supply chain disruptions, a robust procurement strategy is no longer optionalits essential. The right procurement strategy ensures that organizations: Mitigate risks before they escalate. Want to future-proof your procurement function?
In today’s dynamic market, procurement is far more than just a buying and purchasing center. Our latest e-book, “ Is Manufacturing Missing Out On Procurement’s Value Add? Our latest e-book, “ Is Manufacturing Missing Out On Procurement’s Value Add? Here are some key insights from the e-book.
Understanding how your Procurement and Supply Chain KPIs are performing isn’t just a nice-to-have; it’s essential for survival and growth. Why You Need Visibility of Supply Chain and Procurement KPIs? Running procurement and supply chain without metrics is like driving blindfolded.
When you track transportation metrics and KPIs like transit time, on-time pickups, and percent of truckload capacity utilized across your carrier partners, you can identify trends and opportunities for streamlined OTR transportation management. Download the White Paper: Over the Road Freight Management Trends. Learn More.
Focusing on the transportation metrics that have the greatest impact on the supply chain can help managers stay attentive to both short-term and long-term goals and needs. . Download the White Paper: Over the Road Freight Management Trends. Download the White Paper: Over-the-Road (OTR) Freight Management Trends. Learn More.
That means identifying areas of waste, overlap and large volumes and enabling continuous improvement through the use of transportation metrics to track performance. Download the White Paper: Transportation Optimization: Its Strategic Role in Transportation Management. Learn More.
Looking to improve operations and achieve cost savings within your procurement processes? A process audit report is designed to, ultimately, streamline processes, enhance decision-making and drive overall procurement excellence. What is the Purpose of a Process Audit Report?
In August 2020 Gartner published this report “4 Tactics Procurement Can Use to Sustain Influence as Economic Conditions Improve” This blog summarizes the key points of the report which you can read in full, here. Procurement Teams Step-up. A Blueprint for Demonstrating the value of Strategic Procurement.
Procurement is one core process area being focused to better manage today’s fluctuating change, with key performance metrics leading the way to assessing and managing procurement performance. The Basics of Procurement KPIs. Download Silvon’s Definitive Guide to KPIs : Concepts, Best Practices & More.
This article is derived from our newest SRM White Paper, “One Platform, One Vision – The Benefits of a Unified AI-Driven Supply Chain Planning & Procurement Decision-Making Platform” Ask a procurement leader and a supply chain planner about their biggest priorities, and you’ll likely hear two very different answers.
In the realm of efficient procurement management, understanding the various types of procurement reports becomes paramount. These reports serve as navigational tools, offering insights into different facets of the procurement process.
Below you can download the LTL Freight Management presentation with notes and also view the webinar in its entirety. Download the Webinar Replay. Instead of becoming overwhelmed with data, managers should identify and focus on the most useful warehouse metrics to gather, report, and apply. Read the Full Post. Read the Full Post.
, at Cerasis, we know a thing or two about the nuances of LTL procurement. LTL procurement is something we do very well. So we thought we would impart upon all the shippers out there some tips on how to reduce overall costs for effective LTL Procurement. BONUS : Download the Guide To LTL Freight Mangement White Paper.
Part I: Bridging the Gap between Procurement and Finance. To achieve their long-term goals, they needed to bridge the gap between their procurement and finance teams. . The gap between procurement and finance is also a factor to consider that creates additional complexity. A New Vision for Amrest. Where to begin?
Part I: Bridging the Gap between Procurement and Finance. To achieve their long-term goals, they needed to bridge the gap between their procurement and finance teams. . The gap between procurement and finance is also a factor to consider that creates additional complexity. A New Vision for Amrest. Where to begin?
Featured Download. Short Registration - Multi Part - BLOG FEATURED DOWNLOAD. Phone * Company * Job Title * Zip Code * Source Asset Source Download ID. 3 Get the metrics right. Supplier metrics should be captured about monthly. First Name * Last Name * Email *. KPIs are often based on average performance levels.
We want to make sure that supply chain practitioners, as well as manufacturers, understand how all of these technologies are affecting the entire supply chain, including the supply chain & procurement side of a manufacturing operation. Omnichannel Supply Chain Metrics: What Should Supply Chain Leaders Measure?
Download our Training Catalogs Gone are the days of one-size-fits-all training programs and static skill sets. This personalization is particularly crucial in the diverse world of supply chain and procurement. Are you ready to take the next step in future-proofing your supply chain and procurement teams?
With this mounting pressure to commit to Net Zero and CPOs goals and incorporate sustainability metrics into all aspects of procurement decisions and processes, businesses are looking to elevate ESG strategies with a mind for climate change, ethical social practices and stronger governance models.
You can download the report here. The best way to understand these tradeoffs is through multiple what-if simulations where you model the changes, score them against key corporate metrics and compare the results to drive to the best overall solution. While some may be obvious to you, others you may find insightful.
His insights are numerous, and can all be heard in his full podcast episode, but among them is his main focus in 2020, the opportunity presented by agile procurement. Bartolini’s view of modern procurement is one of an industry at a crossroads. However, he finds hope in how procurement has adjusted in the recent past.
On the other hand, only 8 percent of companies that were rated by their executives as less than significantly above average on supply chain-related metrics have the same performance. Download White Paper. Without a doubt, managing supply chain is nothing but easy. GET YOUR COPY HERE.
As global risk factors evolve, organizations could leave themselves unprepared, creating unnecessary disruptions that are largely predictable — and in many cases avoidable,” comments Alex Saric, smart procurement expert at Ivalua. Download the Ivalua “ Supply Continuity – A Visual Spotlight ” study. About the research.
Ideally, your S&OP KPIs should consist of a mix of strategic, tactical, and operational metrics. At times, finding the right metrics can feel incredibly challenging, and there might be a tendency to measure things for the sake of measurement. The KPIs here highlight procurement, production, logistics, and customer fulfillment.
We developed metrics to track progress toward DE&I goals. Our Supplier Management, Risk, and Performance solutions enable organizations to evaluate suppliers against sustainability criteria, track corporate social responsibility metrics, and assess carbon emissions per product. Download our ESG Impact Report for 2023 here
Rising software costs, lack of procurement oversight, compliance headaches, and clunky vendor management. Many organizations are discovering that without clear procurement software best practices, costs spiral, risks multiply, and efficiency stalls. Key Takeaways What is Procurement Software – and why is it important?
For additional KPI concepts and best practices, we welcome you to download Silvon’s Definitive Guide to KPIs. For additional concepts and best practices related to KPIs, feel free download Silvon’s Definitive Guide to KPIs. The post Cascading KPIs To Drive Business Performance appeared first on Intelligent Enterprise.
Apart from the supply chain, operations, procurement and IT teams, also consider sales operations, finance and more. Don’t be surprised if your whiteboarding session concludes with a hundred or more metrics and KPIs. Be sure to include people with perspective and a point of view to help you whittle down the priorities and themes.
What you find instead are functional groups — such as Manufacturing, Distribution, Sales and Marketing, and Procurement — operating in silos, like a boat full of rowers each doing their own thing. How do you successfully align goals, metrics, and resources across functional groups? Which metrics are the right ones?
The previous decade has seen many companies, mainly those handling manufacturing operations, change how sourcing of direct materials is executed – from an administrative function to a somewhat strategic procurement approach that has seen the creation of a new position “the Chief Procurement Officer.”
Claritum Article - Procurement Blog. We’ve read through some of the best analyst reports and surveys to bring you this procurement fact file containing some of the most interesting findings, statistics and quotes. Click here to download a printable pdf version of the procurement fact file. Procurement.
In order that sourcing and procurement teams fully optimize their supplier network, there needs to be a change in the way organizations view all suppliers. This churn can sabotage procurement automation initiatives and the overall program. The wave of globalization has made businesses more reliant upon their suppliers than ever before.
For most companies, greater economy of scale is possible through the global management of procurement and transportation and local management of sales, manufacturing and customer service. Lora has written the books Supply Chain Metrics That Matter and Bricks Matter , and is writing her third book, Leadership Matters.
Unfortunately, manufacturers and OEMs may lack the infrastructure necessary to facilitate such changes, and resellers face challenges in optimizing procurement for the world of e-commerce. Download White Paper. Align metrics and incentives with unique e-commerce goals. GET YOUR COPY HERE. Balance growth and profitability.
There are 14 other sites that receive procurement support. Inventory Reduction This metric is defined as a reduction in the total value of inventory listed in a single storage location. That metric has improved since those disruptions eased, with RS Integrated Supply attaining 100% On-Time Delivery for six consecutive months in 2023.
Our proficiency extends across several critical areas including demand planning, distribution planning, production planning and scheduling, and procurement planning. Second, the addition of financial metrics into the process which now gives us IBP. However, adopting IBP is not just about merging metrics.
To see the what I built, check it out on SlideShare or view/download it in the SCI Community ). Alternate Bill of Materials and Alternate Sourcing: The more alternatives that exist through the manufacturing and procurement processes, the easier it is to design the supply chain to absorb cost and supplier variability.
In our second interview in the series on ‘Solving the Procurement Data Dilemma,’ which supports a full survey carried out by HICX and Raconteur on the subject, Gren Manuel speaks to Richard Wilding, OBE. The difference between failure and success. So we get this cycle of data, information, knowledge and wisdom.”.
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