Remove Inventory Remove Procurement Solutions Remove Security
article thumbnail

Procurement vs. Supply Chain Management: Differences, Challenges & Solutions

ivalua

Procurement and supply chain management are often used interchangeably—but in practice, the lines between them can blur in ways that create real friction. Misaligned priorities, siloed systems, and unclear ownership can directly impact key performance indicators like cost savings percentage and procurement cycle time.

article thumbnail

How Smart Contracts Are Impacting Supply Chains

Logistics Viewpoints

Smart contracts are software programs that self-execute and are stored on a blockchain. They follow “if-this-then-that” (IFTTT) logic, meaning that when certain conditions are met, the contract automatically executes an agreed-upon action, such as releasing a payment, updating an inventory record, or verifying a shipment.

Insiders

Sign Up for our Newsletter

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

article thumbnail

No Balloons Needed: Practical Moves to Navigate Tariff Volatility

Logistics Viewpoints

Instead of broad, theoretical solutions, we need to go deeper and identify the tangible levers companies can pull to adapt. Establish inventory reserves in key markets to avoid supply chain disruptions. Develop financial flexibility by securing capital and implementing cost-cutting measures.

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. Misaligned priorities across finance, legal, and procurement create friction that delays decision-making and reduces impact.

article thumbnail

Centralized Purchasing System – Key Benefits and Effective Strategies

Precoro

For most CPOs and CFOs, deciding on the right purchasing setup — centralized or decentralized — is no small task. In this article, we’ll explain what centralized purchasing is, the challenges it tackles, the benefits of centralized procurement, and the types of companies that can benefit most from it.

article thumbnail

Mobile Inventory Management: Boost Efficiency with Real-Time Tracking

RFgen

Picture this: You’re a warehouse manager, and with a few taps on your smartphone, you instantly know the exact location and quantity of every item in your inventory. That’s not science fiction—it’s the power of mobile inventory management. Ready to turn your inventory from a headache into a strategic asset?

article thumbnail

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

Logistics Viewpoints

Businesses face heightened uncertainty in managing costs and securing stable energy supplies. Investment in research and partnerships is crucial for scaling these solutions industry-wide. These measures enhance energy security and align with consumer and regulatory expectations for environmentally conscious practices.