Procurement Insights

MAY 26, 2024

Under Kenny, Red Lobster also cut two of its longtime shrimp suppliers— and competitors to Thai Union — to purchase more shrimp from Thai Union at higher costs, according to Red Lobster’s bankruptcy filing. Thai Union exercised an outsized influence on the Company’s shrimp purchasing,” Red Lobster alleged in its bankruptcy filing.

Supply Chain Efficiency 89

Supply Chain Efficiency Supply Chain Optimization Supply chain Networking 89

Finale Inventory

JULY 15, 2024

In this article, we will review the best inventory management software options for 2024 and discuss the key features to look for in these solutions. It involves overseeing the flow of products, ensuring their availability, and optimizing stock levels to meet customer demands.

Inventory 52

Inventory Management Order Fulfillment Demand Planning 52

Spend Matters

MAY 8, 2023

Purchase Order (PO) collaboration for buyers and suppliers to know in real-time the status of POs and Scheduling Agreements (SA), acknowledgements, ASNs, etc. Forecast collaboration on forecasts and demand plans to anticipate shortages or bottlenecks and automate exception management.

Spend management 102

Spend management Management Real-time Visibility Collaboration 102

Arkestro

DECEMBER 26, 2024

increase from 2024. Within procurement, sustainability is the process of integrating environmental, social, and governance (ESG) goals into procurement, purchasing, and supply chains, which helps build a circular economy. Additionally, in 2025, global spending on digital transformation tools is projected to total $5.74 trillion , a 9.3%

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

Spend Matters

AUGUST 15, 2024

If a supplier portal wasn’t functioning, if a P2P system wasn’t correctly matching invoices with the proper Purchase Order or if data was inaccessible or missing, IT was often identified as the bottleneck. ’ To put it mildly, procurement and supply chain isn’t always IT’s top priority.

supply chain software solutions 120

supply chain software solutions Agile and Lean Supply Chain Supply Chain Efficiency Supply chain 120

Jaggaer

OCTOBER 24, 2024

Work collaboratively with suppliers in real time to improve parts and material quality while responding quickly based on demand forecasts. Seeing past Tier 1 can be challenging for many companies, even with the most advanced planning platforms.

Collaboration 52

Collaboration Supply Chain Efficiency Suppliers Real-time Visibility 52

Arkestro

APRIL 23, 2024

Here are some of the most common data quality issues procurement and purchasing teams face. This can lead to problems with cost benchmarking, demand forecasting, and more. Geographic Segmentation Geographic segmentation is about analyzing how purchase prices vary across plant locations and geographic areas.

Procurement 52

Procurement Procurement team Quality Demand Planning 52