Remove Expense Reduction Remove Procurement Analytics Remove Supply Chain Software
article thumbnail

How Can You Improve Value in Your Supply Chain?

Supply Chain Shaman

I laugh when business leaders tell me that they are going to replace their current supply chain planning technologies with “AI.” Each supply chain planning technology at the end of 2024, went through disruption–change in CEO, business model shift, layoffs, re-platforming and acquisitions.

article thumbnail

The Importance of Energy Transition and Sustainability in the Logistics and Supply Chain Industry

Logistics Viewpoints

The logistics and supply chain industry is a critical component of global trade, responsible for moving goods and materials efficiently to meet consumer and business demands. Businesses face heightened uncertainty in managing costs and securing stable energy supplies.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What Is E-Procurement? Understanding Modern Digital Procurement Systems

ivalua

E-procurement is a digital process spanning the entire procurement lifecycle, from sourcing and contracting to ordering, invoicing, and payment. Unlike basic online purchasing tools, a sophisticated e-procurement system provides an integrated solution that connects all procurement functions.

article thumbnail

AI in procurement: Applications, Challenges, and Mitigation Strategies

Precoro

Traditionally, procurement has been a process weighed down by manual tasks, fragmented systems, and endless paperwork. Today, procurement is undergoing a transformation. While procurement teams have long worked to add strategic value, Artificial Intelligence (AI) amplifies their impact.

article thumbnail

Direct vs Indirect Procurement: Key Differences, Challenges, and Opportunities

ivalua

Direct and indirect procurement are two fundamental approaches in supply chain management, each serving distinct functions within an organization. Both focus on improving efficiency and reducing costs but differ in their strategic approach and impact on the core business operations.

article thumbnail

Enterprise Spend Analysis: How to Reduce Cost and Risk

ivalua

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. Without the right spend analysis software , it’s nearly impossible to generate consistent, trusted insights.

article thumbnail

Supply Chain Efficiency: A Deep Dive into the Core Drivers

RFgen

Supply chain efficiency is the cornerstone of success and involves the effective management of processes, resources, and technologies from procurement to production, transportation to warehousing. In the automotive sector, manufacturers are simultaneously reducing inventory costs and delivery times.