APAC CIO Outlook
  • Home
  • CXO Insights
  • CIO Views
  • Vendors
  • News
  • Conferences
  • Whitepapers
  • Newsletter
  • Awards
Apac
  • Agile

    AI Healthcare

    Artificial Intelligence

    Aviation

    Bi and Analytics

    Big Data

    Cloud

    Cyber Security

    Digital Infrastructure

    Digital Marketing

    Digital Transformation

    Digital Twin

    Drone

    Internet of Things

    Low Code No Code

    Networking

    Remote Work

    Smart City

    Startup

    Unified Communication

    Wireless

  • E-Commerce

    Education

    FinTech

    Healthcare

    Manufacturing

    Pharma and Life Science

    Retail

    Travel and Hospitality

  • Dell

    IBM

    Microsoft

    Salesforce

    SAP

  • Cognitive

    Compliance

    Contact Center

    Corporate Finance

    Data Center

    Data Integration

    Digital Asset Management

    Full Stack Development

    HR Technology

    IT Service Management

    Managed Services

    Procurement

    Proptech

    RegTech

Menu
    • Compliance
    • IBM
    • Big Data
    • Unified Communication
    • Digital Infrastructure
    • Data Center
    • Salesforce
    • MORE
    #

    Apac CIO Outlook Weekly Brief

    ×

    Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from Apac CIO Outlook

    Subscribe

    loading

    THANK YOU FOR SUBSCRIBING

    • Home
    • News
    • Procurement
    Editor's Pick (1 - 4 of 8)
    left
    Reshaping Transportation Mobility With Simplified Services

    Kirk Serjeantson, CIO, Dicom Transportation Group

    How to Attract Next Generation IT Talent

    John Burke, CIO, Ambit Energy

    Big Data: The Catalyst of Digital Transformation

    Mona Badie, CIO & CDO, GE Hitachi Nuclear Energy

    Use of Big Data Analytics in Supply Chain

    Pankaj Bhargava, CIO, Pidilite

    Key Decision Factors of Outsourcing IT Functions

    Ted Suen, CIO, MTR

    A Sustainable & Evolutionary Digital Procurement Practice

    Shehan Thambimuttu, Group Capital Expenditure and E & O at Orora

    Green Procurement vs Customer environmental requirement

    Daniel Chua, Head of Global Sourcing, WIK

    Clarifying Procurement Leadership and the changing role of the CPO

    Hendrik Snyman, Chief Procurement Officer, Beach Energy Ltd [ASX: BPT]

    right

    Four Ways to Address Sourcing and Procurement Challenges

    Apac CIO Outlook | Thursday, September 09, 2021
    Tweet

    To better prepare for future issues, companies can focus on strengthening the agility of their current systems, fast adjusting to change, boosting transparency, and preparing for future disruption.

    FREMONT, CA: As supply chains become increasingly globalized, keeping up with sourcing and procurement becomes more difficult. When supply chains optimize costs by expanding globally and becoming specialized, maintaining supplier relationships and controlling risk becomes more challenging. Finding the correct answers to these issues will be a top priority for supply chain teams in the future. Here are four ways to address sourcing and procurement challenges:

    Adapting to change

    Leading businesses are equipping those closest to the job with the tools they need to make the required changes on their own. IT is no longer a bottleneck for teams trying to quickly adapt to supply chain disruptions when procurement leaders can collect supplier data, track performance, manage workflows, and report on real-time data.

    Optimizing agility of existing systems

    Instead of customizing difficult-to-manage core systems with more IT resources, leading companies are utilizing no-code platforms to add agility to their ERPs. Layering no-code capabilities on top of ERP systems helps teams to concentrate time on strengthening their procurement strategy, addressing issues more rapidly, and decreasing costs instead of wasting time establishing new workflows, retrieving data from ERPs, or working manually.

    Continuous agility

    Creating an agility layer to enable your company to respond to change will allow your sourcing and procurement teams to react quickly when change occurs. Also, and maybe more crucially, IT will have trust that the work done by business users is governed and contained.

    Increasing transparency

    Transparency is a critical problem for supply chain teams and leaders. Teams require access to a large amount of vital information. Missing data can result in late product delivery, overspending on materials, a lack of compliance awareness, and downtime when a disruption occurs.

    Rather, successful collaboration with suppliers may provide real-time visibility into inventory, material quality, and costs, making supplier performance easier to comprehend and report on.

    See Also: Top Workflow Solution Companies

    tag

    real-time visibility

    Core Systems

    inventory

    Weekly Brief

    loading
    Top 10 Automotive Technology Companies - 2019

    Featured Vendors

    Aptiv

    Kevin Clark, President & CEO

    Ambarella

    Fermi Wang, CEO

    ON THE DECK

    Automotive 2019

    Top Vendors

    Automotive 2018

    Top Vendors

    Previous Next

    I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info

    Read Also

    Bridging the Digitization and Cybersecurity Gap

    Nasrin Omar, Head of Cyber Security, Tenaga Nasional Berhad

    Achieving Business Agility

    Will Artificial Intelligence Replace Humans In Future?

    Key Challenges Facing Real-time Data Processing in Data Centers

    Digital Transformation Agility

    Angela Lam, CIO Shell Australia, COG & Integrated Gas, Shell (NYSE: SHEL)

    Technology Trends Impacting Digital Infrastructure in 2022

    Loading...

    Copyright © 2022 APAC CIOoutlook. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Use and Privacy and Anti Spam Policy 

    |  Sitemap |  Subscribe |   About us

    follow on linkedinfollow on twitter follow on rss
    This content is copyright protected

    However, if you would like to share the information in this article, you may use the link below:

    https://www.apacciooutlook.com/news/four-ways-to-address-sourcing-and-procurement-challenges-nwid-8424.html