article thumbnail

Unlocking Success: Why Strategic Sourcing Is Important for Your Company

Precoro

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.

article thumbnail

Get Ready for Success! 4 Critical Workstreams for Successful Procurement Implementation

ivalua

Their expertise informs implementation decision-making by ensuring that it is data-driven and reflects spend category-specific needs. With reliable and actionable data, this workstream can help identify trends and motivate informed decisions. An Analysis by Ivalua Read More : What is Source to Pay Best Practice?

Insiders

Sign Up for our Newsletter

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

article thumbnail

Staying Ahead with Advanced Analytics in Supply Chain Management

Logility

It looks at past and present data and organizes the information into clear patterns. It uses historical information to make forecasts about the future. Are your current supply chain systems sufficient to leverage new data sources and enable advanced analytics?

article thumbnail

It’s Long Overdue: Time to Bridge the Link Between Planning and Execution

Logistics Viewpoints

The ability to unify key processes is closely tied to making timely, informed decisions – and the speed and quality of decision-making are crucial factors that significantly impact overall company performance. Bridging this technological divide requires a concerted effort to harmonize data flows and establish a unified source of truth.

article thumbnail

DELMIA Communities Week in Review for October 25

DELMIA Quintiq

However, there is a lot more than what is shown below – visit the communities to see the exchange of information and ideas between members and DELMIA experts. Robot, Conveyor & Sensor with the new Source & Sink. This video demonstrates the basic logic required for a robot to interact with parts being sourced on to a conveyor.

article thumbnail

Supplier Diversity: From Checking-the-Box to a C-Suite Strategy

ivalua

This support and partnership can come in the form of regulatory action, guidelines and targets, or nongovernment organizations (NGO). The challenge is how can organizations understand all the different certifications and access all the different information repositories for these diverse suppliers effectively and efficiently.

article thumbnail

Freight Market Intelligence: Data is crucial, but context is king

Freightos

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. As more data sources get legible, whether it’s container ship movements, eAWBs or carrier rates , it can have incredible ramifications.

Freight 156