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Why Procurement Management Tool is a Must for Efficient Purchasing

Precoro

Supply chain management, purchase requisitions and orders, budget management, and three-way matching – all these processes are integral to procurement as a whole. Managers utilize numerous dedicated tools to ensure the efficiency and simplicity of the procurement cycle and get real-time insights. Delays and Bottlenecks.

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The Promise and Peril of Generative AI for Supply Chains

Logistics Viewpoints

This description by a Chief Supply Chain Officer of the state of the supply chain he found in his new role stuck with me. Unlike a supply chain, these steps rely on no disruption to their execution. While there is endless speculation, from my reading two supply chain-specific opportunities intrigued me.

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Procurement Synonyms: All The Words You Need to Know in 2023

SCMDOJO

In the dynamic landscape of supply chain management, precise terminology is paramount. Sourcing plays a crucial role in building strong supplier relationships and achieving cost-effectiveness in the supply chain. Purchasing: Purchasing is the act of buying goods or services from suppliers or vendors.

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How to Choose a Project Management Software

Elementum

Supply chain managers use project management software for tasks such as tracking progress and allocating resources on a time-sensitive project. Choosing the right project management platform isn’t a one-size-fits-all exercise because each supply chain is different.

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Top 10 TikTokers to Take Off your Supply Chain

SCMDOJO

Try this as a tongue twister: “Tripping through tantalizing TikTokers, tenfold to transform your tangled supply chain!” In our digital age, where viral trends dominate, TikTok’s influence now extends to supply chain management. Discover the Top 10 TikTokers reshaping how you view supply chains.

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Six steps to more effective spend management

Taulia

Spend management is the practice of managing supplier relationships and purchasing across an organization to minimize cost and risk. As such, it encompasses numerous procurement-related activities, such as budgeting, sourcing, negotiating supplier discounts, analyzing spend, managing supplier relationships and managing inventory.

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Ripped from the Headlines: Supply Chain Trends in the News

Talking Logistics

is bringing a piece of its supply-chain operations in-house as the company reviews broader operations and management of its distribution.” In other words, while cost and service improvements were the main driving forces to outsourcing in the past, access to technology and business intelligence are now equally (if not more) important.