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3 Powerful Ways Procurement will Drive the 2030 Saudi Vision Transformation

ivalua

Ivalua Spend Management Insights [ivory-search] 3 Powerful Ways Procurement will Drive the 2030 Saudi Vision Transformation May 30, 2023 | | Procurement Strategy by Sara Omer What is the Saudi Vision 2030 Program? Procurement and supply chain teams will play a crucial role in making this vision a reality.

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Preparing for the Third Act

Supply Chain Shaman

Over the course of the last two decades, we have seen two evolutions of Supply Chain Planning (SCP) software. These first solutions were on the mainframe and with migration to client-server architectures. CRM and SRM functionality did not fit the needs for manufacturing-based companies (CRM was too lightweight. They all matter.

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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. You are right.

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Supply Chain Performance Declined In the Last Decade. The Question is Why?

Supply Chain Shaman

of revenue on information technology (IT), only six percent of manufacturers drove performance at the intersection of growth and margin. Average performance in 2016-2019 across twenty-seven manufacturing sectors on inventory turns, Return on Invested Capital and operating margin was worse than in 2012-2015. Rise in Inventories.

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Modern TMS Solutions: Driving Sustainability in Supply Chain Operations

Logistics Viewpoints

However, logistics managers cannot deliver against todays goals with yesterdays TMS systems. To achieve traditional supply chain outcomessuch as reducing costs and managing lead timesTMS systems generate insight and foresight into these metrics during planning and execution processes.

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Freight Procurement is a Different Game

Logistics Viewpoints

Procuring transportation for freight is much different than any other procurement category. There are different tools, goals, and market dynamics. Transportation procurement needs to support both customer service and a company’s internal supply chain goals. One master of freight procurement is Kyle Masters.

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Key Takeaways from SAP Spend Connect Live

Logistics Viewpoints

Their copilot-style solution is known as Joule. SAP is embedding its generative Joule across the SAP Ariba source-to-pay solution portfolio to make it easier for their customers to manage routine inquiries, such as status updates, summarization, and frequently asked questions. It is a brilliant tool.”

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