Supply chain inventory visibility refers to the ability to track and monitor inventory levels, locations, and movements across the entire supply chain in real-time. This visibility is crucial for optimizing inventory management, reducing stockouts, and improving customer service. Advanced technologies, such as RFID, IoT, and inventory management software, enable companies to achieve high levels of inventory visibility. By having a clear view of inventory throughout the supply chain, organizations can make informed decisions about production, replenishment, and distribution, leading to better operational efficiency and cost savings.
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Vendor Performance Scorecard
A Vendor Performance Scorecard is a structured evaluation framework used by procurement teams to consistently measure, track, and compare supplier
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
