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Direct and indirect procurement are two fundamental approaches in supplychain management, each serving distinct functions within an organization. Together, these procurement strategies are essential for robust, efficient business operations. Discover how Ivalua can transform your direct and indirect procurement.
Rebate Management Software is designed to handle the intricate calculations and processes associated with rebates in the supplychain. In industries like pharmaceuticals and medical devices, where pricing and distribution are highly regulated, a sophisticated system is vital.
Pharmacies typically have a vast supplychain network. Pharmaceutical Inventory software is valuable for pharmaceuticals. In this article, we will discuss what makes inventory management software an essential tool for pharmaceutical businesses. What is pharmacy inventory management software?
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They integrate finance, HR, sales, and supplychain management into one complex platform. Within this setup, an ERP procurement module helps companies make purchases and manage suppliers. Numbers speak louder: According to Procurement Tactics’ top procurement trends in 2025 , 83% of CPOs prioritize digitization.
That’s where manufacturing inventory management software comes in. The right software can streamline your production, optimize stock levels, and even help you save money. We’re talking real-time tracking, automated purchasing, and a whole lot less stress.
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Think back to the last time your business hit a procurement roadblock. Perhaps it was a mixed-up purchase order or an inaccurate sales order—pricey yet worthwhile lessons. In this guide, we walk you through basic procurement concepts (e.g., What Is a Purchase Order? Purchase Order Function Together?
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The regulation is designed to provide European consumers with extensive data about the provenance of the items they purchase, all the way back to the sourcing of raw materials. Time to Start Preparing for the Digital Product Passport SCB FEATURE Selling Into the EU?
Top 10 Data Extraction Tools in 2025 By Rob Jackson (pictured) Content Writer 101 Views Let’s be real: in 2025, the phrase “data is the new oil” is about as fresh as a three-day-old cup of office coffee. The right data extraction tool. Automated data extraction tools have gone from “nice-to-have” to “must-have.” The difference?
Why SupplyChain Visibility is Critical Hope King, Axios Events Host & Moderator I do want to start big picture because Exiger’s AI is built to provide transparency into supplychains. We’re completely fragile to the supplychains that support us. You need to be able to map those supplychains.
From receiving and storing inventory to picking, packing, and shipping orders, there are critical functions that occur within the warehouse that keep your supplychain running smoothly. Warehouse functions are the essential activities performed within a warehouse that ensure products move efficiently through the supplychain.
The use cases cover the entire lifecycle of manufactured goods, from product design through supplychain optimization to digital twins and predictive maintenance. AI-driven topology optimization tools such as Autodesk Fusion 360 or PTC Creo Generative Design use AI to generate multiple design alternatives based on constraints (e.g.,
The Importance of Software Development for the Pharmaceutical Market! It offers wide options of pharmaceutical and beauty supplies. This guide will help you shop for pharmacy and beauty supplies online as easily as 1,2,3! This makes sure that there is equal access to essential pharmaceutical and beauty products.
The pitches share a sneak peek of the predictions that a CEO at a solutions company is making and then asks the journalist if they want to interview the CEO. The company applies AI and other analytics to this data to provide supplychain risk analytics and insights to its clients. These predictions mostly seem obvious.
AI training systems running in the cloud, less expensive 3D printed end-of-arm tooling, and robotics as a service from companies like Rapid Robotics are pushing the return on investment (ROI) for pick-and-place and assembly automation to new levels of short-run practicality.
A look at how Trump’s proposed tariffs impact trade and supplychain including supplychain projections and actionable steps businesses can take to prepare now. Numerous industries like automotive, appliances, industrial, defense, pharmaceuticals, and high-tech electronics would likely be affected.
Having a clear and current view of inventory becomes the foundation for intelligent procurement, better vendor negotiations and smart reallocation of inventory across nodes. We now have the tools to track inventory more accurately, while spending less money on tracking. Inventory is capital sitting on the floor.
A company that uses advanced, connected software will yield more valuable information to work with, since their system will provide real-time data and a thorough look into operations across the company. Purchasing additional equipment may also be needed if the demand will be consistent. Additional shifts or overtime may be required.
In “SupplyChain Reset: Overcoming Pharma & Healthcare SupplyChain Challenges”, Joe Lynch and Michael Needham , a Principal at Efficio, discuss how to build resilient supplychains using data-driven strategies and a hands-on consulting approach to achieve both cost savings and operational resilience in the complex pharma and healthcare sectors.
For many, higher costs, supplychain delays, and unpredictable inventory flows are creating significant hurdles. While navigating tariffs requires short-term tactics such as pricing adjustments and inventory management, it’s also important to think about the following long-term strategies: Diversify supplychains.
bookings for container transport from China to the United States spiked almost 300% in the wake of the United States and China pausing punishing tit-for-tat tariffs, container-tracking software provider Vizion said on Wednesday. President Donald Trump's tariffs put pressure on supply-chain costs for companies.
Around 47% of consumers state they are likely to purchase from a brand that includes diversity in its advertising. That is, why certain colors might be problematic, how family structures influence purchasing decisions, or what social media platforms matter in different regions. expect from online brands today has completely changed.
In this blog post, you’ll discover how apps, smart tools, and even artificial intelligence are making personal finance simpler and smarter. These tools are helpful because they show your progress clearly. This means the more you use these tools, the better they get at helping you. Some apps even let you set goals.
by Bill DuBois I recently attended the LogiPharma conference in Princeton, NJ to hear a number of speakers give their thoughts on the state of the pharmaceuticalsupplychain. He talked about the 5 C’s for a CMO relationship in pharma. For the pharma CMO relationship it was worth calling out compliance.
In this article, we’ll explore one of the most popular solutions, RDP Wrapper , and explain why it’s not the best option for Windows Home users. RDP Wrapper: Not the Best Option for Remote Access One of the most widely discussed solutions for enabling Remote Desktop on Windows 10/11 Home is RDP Wrapper.
For businesses, DPPs are becoming essential to comply with best practice guidance as well as coming statutory regulations that demand transparency in supplychains. As a result, DPPs are emerging as a straightforward, common sense solution for meeting these needs efficiently. What Components Comprise a Digital Product Passport?
Over the years, cost and efficiency ruled the supplychain agenda. The Chief SupplyChain Officer (CSCO) has gained prominence as organizations tackle the disruption and prepare for a post-COVID world. The CPO and CSCO have stepped up to the challenges brought forth by COVID-19.
Wikipedia Unleashing the Contrarian Here are my thoughts this morning over coffee: Gartner Top 25: Really A Celebration of SupplyChain Leadership? Designed to lift the profession and celebrate supplychain results, I struggle to find that the methodology supports either objective. A Focus On Risk.
GEP and the North Carolina State University (NCSU) SupplyChain Resource Cooperative surveyed supplychain, procurement and IT professionals across a range of industries to gain insight into their priorities and strategies regarding supplychain resilience and optimization.
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GEON Performance Solutionspurchases plastic pellets and add plastic compounders to make products of different strength, resilience, and flexibility. When companies want to digitally transform their supplychain capabilities, moving to an integrated business planning process (IBP) is often at the heart of the transformation.
. <Bear with me… > Here I share a nine-step process in an attempt to help companies unravel the process for buying supplychain planning software. Let’s face a hard fact: the supplychain planning market is a mess. Most have purchasedsoftware, but are dependent on Excel spreadsheets.
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Disruption in supplychain planning is happening. We are on a path to reinvent decision-support technologies like supplychain planning. They were very proud of their work in planning with a number of pharmaceutical manufacturers. They are often supplychain superheroes. The third act is starting.
Small companies may also lack the resources to create a dedicated procurement team for proper sourcing and supplier vetting. Group purchasing organizations can be the perfect way for these companies to increase cost savings. Learn how they work, their benefits and limitations, and how they fit in with procurementsoftware.
Hottest Growth Sectors in SupplyChain Management. Over the last several months, I have had the opportunity to speak with hundreds of CEOs, vice presidents, directors of operations and various management personnel within the supplychain management (SCM) industry. Pharmaceutical. Conclusion. About the Author.
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In supplychain management, it is widely accepted that holding enough finished goods inventory to fulfill every order is just too costly. Ipsen , a global bio-pharmaceutical company with $3 billion in annual revenues, disproves that. Ipsen , a global bio-pharmaceutical company with $3 billion in annual revenues, disproves that.
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