In covid19 times, Supply Chain Management takes center stage as its agility, flexibility, responsiveness, sustainability, risk management and working capital controls. The People, Processes and Systems are most important part of the same.
Covid19 has disrupted Supply Chains globally and the answer to this disruption is Resilience. Check out SSC webinar which inculdes Disruption Vs Vulnerability, VUCA, Resons and Risk Assessment, The Great Reset, Strategies and Leadership, Reset Normal.
Covid19 has strongly hit on Supply Chains and the one who survived or managed to carry out operations are few resilient supply chains. This pandemic has proven that “A Resilient Supply Chain” is must have thing in new normal 2020. So, lets checkout how to build it?
International Supply Chain Disruptions are not new and not just limited to Covid19. Global Supply Chains are the most vulnerable in this disruptive situation. Every problem needs some solutions and here we present Prescriptive Strategies for International Supply Chain Disruptions. It’s most useful for all sort of Supply Chain and can be implemented with the help of technology.
As Digital transformation in procurement sweeps across the globe, not limited to fortune 500 companies, most of the small and medium organizations are looking to use technology to improve the process efficiency and reduce cost across business units. Procure to Pay is nowhere an exception in the transformation.
To make wise purchasing decisions, improve the transparency and manage the maverick spend are some greater potential of Digital software. Procure to pay has a huge impact in the organization, as it develop building trust and improved communication with our key suppliers.
It’s really important to transform digitally, but at the same it’s imperative to know how and what to do while we transform, as it direct connect with organization vision and cost.
This article will outline the challenges, pitfall, and some best practices when we step ahead for Digital transformation of Procure to pay system.