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8 Tips to Help Procurement Optimize Supplier Master Data

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Gartner predicts that by 2023, organizations that don’t optimize supplier master data management (MDM) could have wrong information for half of their suppliers! Accurate supplier master data (SMD) is essential for procure-to-pay (P2P) automation, accuracy and analytics, but connecting data to users and systems sometimes gets bumpy.

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How Procurement Can Add Value To Supplier Master Data Management

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Master supplier data doesn’t just matter to Procurement. Accurate supplier data is the fuel that drives critical business processes that impact the bottom line. Spend analysis — Improves negotiation position and leverage and increases contract compliance by correctly aggregating spend to the appropriate parent supplier.

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How Green Supply Chain Strategies will help your Company Grow

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All industrial sectors need to be aware of the environmental impact of their supply chains with CDP International, a NGO stating in their 2019 report that the emissions from an organisation’s end to end supply chain is 5 times more than the organisation’s direct operations. . How to address Green Supply Chain Management?

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#1! Are you a Supply Chain Digital Champion?

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To stay ahead of all of these risk factors and changing demands, organizations need to discard their linear supply chain models and embrace an autonomous, end-to-end connected ecosystem. Smart Logistics connects physical shipments and information flow from suppliers and manufacturers to customers in real-time.

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Bol.com Selects Ivalua to Digitalize Strategic Source-to-Contract

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Headquartered in Utrecht, bol.com is one of the most successful retail platforms for third-party suppliers in Europe with 13 million customers in the Netherlands and Belgium, and around 3,000 employees. The project has been delivered in partnership with Accenture. The company is a wholly-owned subsidiary of Ahold Delhaize.

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Frictionless P2P: A Dream or Reality? 

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Nowadays, Procurement practitioners primarily talk about emerging topics like the reduction of scope 3 emissions, supplier-enabled innovation and supply risk management. The ultimate goal is to realize contracted savings and ensure that suppliers ‘perform to contract’. Procurement as end-to-end process owner .

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Sustainability in Procurement: Strategies and Challenges

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Sustainable and socially responsible procurement practices that cover the full spectrum can provide end-to-end visibility that facilitates monitoring and compliance, and delivers continuous value to the business. Among these practices are supplier identification through sourcing, relationship management, and reporting.