An Agile Supply Chain refers to a flexible, responsive, and adaptable approach to managing supply chain operations. It focuses on quickly adjusting to changes in demand, market conditions, and supply disruptions. This model emphasizes real-time collaboration, efficient resource allocation, and the ability to rapidly pivot strategies. In procurement and supply chain management, an agile supply chain helps organizations remain competitive by enhancing speed, reducing costs, and increasing customer satisfaction. By fostering close relationships with suppliers, adopting advanced technologies, and continuously improving processes, businesses can efficiently respond to unforeseen challenges and market shifts.
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Maverick Spending
Maverick spending—also referred to as maverick buying, occurs when employees make purchases outside approved procurement processes, policies, or supplier contracts.
Supplier Lifecycle Management (SLM)
Supplier Lifecycle Management (SLM) — also known as Vendor Lifecycle Management — is the end-to-end, strategic management of a supplier
Purchase Requisition Software
Purchase Requisition Software is a digital solution that standardizes, automates, and governs the process of requesting goods and services before
eSourcing Software
eSourcing software is a digital platform that automates, standardizes, and governs the strategic sourcing process — from supplier discovery and
Invoice Approval Software
Invoice Approval Software automates the review, validation, and authorization of supplier invoices before payment. It ensures that every invoice is
Supplier Management System (SMS)
A Supplier Management System (SMS) is an integrated digital platform that centralizes, governs, and optimizes all activities related to suppliers
