Finale Inventory

DECEMBER 3, 2024

Finale’s Advanced Cost Data Finale Inventory excels at providing average, weighted, landed costs that update dynamically as you receive products on purchase orders at varying costs. Finale’s costing is designed for precision, incorporating below-the-line adjustments like freight fees or processing costs.

Bill of materials 52

Bill of materials Inventory Purchase orders Quantity 52

Jaggaer

DECEMBER 12, 2024

Improved Bill of Materials (BOM) costing with role-based buyer views and new API capabilities. Key updates in Procure to Pay (P2P) include an early adopter “Guide Me” Wizard providing infrequent buyers an easy step-by-step, structured guided buying experience ensuring compliance with every purchase. Version 24.3

Supply Chain Optimization 52

Supply Chain Optimization Bill of materials Supply Chain Efficiency Contract 52

ivalua

APRIL 11, 2019

She is the Professor in Purchasing Management at the University of Grenoble Alpes, and has run their master’s level course in Purchasing (Procurement) for the last 10 years. “The Future of Procurement” is not a wholly original title, but the next session from Natacha Tréhan was excellent.

Bill of materials 100

Bill of materials Raw materials Suppliers Procurement 100

Procurify

AUGUST 23, 2022

Businesses often have complicated purchasing procedures which can result in waste. Many times, companies will have both corporate and lower-level purchasing groups. Such divided purchasing groups can cause confusion and waste a lot of time and resources. In short, multiple purchasing groups can be costly and inefficient.

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Supply chain management Supply chain management Supply Chain Efficiency 59

Arkestro

JUNE 29, 2023

Arkestro was able to predict the bill of materials and suggest suppliers and pricing as soon as a contract came in. In the past, they would win a construction design contract and it would take multiple months to organize internally and output the bill of materials for bidding to begin.

Bill of materials 52

Bill of materials Bidding Price Procurement team 52

Spend Matters

JUNE 19, 2023

Carbon Management solutions and services support the estimation, continuous measurement and reduction of an organization’s GHG emissions (Scope 3 with a focus on purchased goods and services) by enabling calculation of CO2 footprint, identification of reduction opportunities and management of decarbonization plans with suppliers.

Management 98

Management Bill of materials Quantity Influencing 98

Spend Matters

OCTOBER 17, 2024

Together with a team of software developers and in a lively exchange with other purchasing experts, we created the first prototype of the software within a few months. It was about time for a software solution that automatically identifies cost saving potentials — the key KPI — to procurement organizations.

Buyers 110

Buyers Real-time Visibility Sustainability Data 110

Supply Chain Game Changer

OCTOBER 1, 2019

This demand would be translated to bills of material and component requirements through manual or semi-automated means. Purchase orders would be written out by hand and mailed or faxed to suppliers with buyers calling suppliers on the phone to tell them about their needs as well as the inevitable changes in demand.

Supply Chain Optimization 82

Supply Chain Optimization Supply Chain Efficiency supply chain software solutions Supply chain 82

SCMDOJO

OCTOBER 7, 2024

It takes into account inventory levels, production, and purchasing lead times, order statuses, as well as forecasts, and customer orders that drive the master production schedule. Bill of Materials (BOM): Defining the components, materials, and quantities required to produce a finished product.

supply chain budgeting 52

supply chain budgeting supply chain software solutions Supply Chain Efficiency Bill of materials 52

Supply Chain Game Changer

APRIL 21, 2020

The Don’t Touch philosophy is not restricted to physical goods and materials. So much time is spent in data entry, spreadsheet creation and manipulation, chart creation, purchase order changes, labelling, reporting and more that is wasteful. The ability to not touch data in any fashion is equally important. There are no cashiers.

Agile and Lean Supply Chain 91

Agile and Lean Supply Chain supply chain budgeting supply chain software solutions Supply Chain Optimization 91

Procurement Software

MARCH 11, 2022

Every business will have irregular spend, usually in the form of one-time, non-repeatable purchases. Reduce costs and risk: Tackling free text purchase orders or after-the-fact POs. Before we tackle what these are and why they’re bad, let’s quickly look at the 3 main types of purchase order your organisation typically has.

Risk 52

Risk Purchase orders Spend management Purchasing 52

Procurement Software

MARCH 11, 2022

Every business will have irregular spend, usually in the form of one-time, non-repeatable purchases. Reduce costs and risk: Tackling free text purchase orders or after-the-fact POs. Before we tackle what these are and why they’re bad, let’s quickly look at the 3 main types of purchase order your organisation typically has.

Risk 52

Risk Purchase orders Spend management Purchasing 52

Supply Chain Action Blog

FEBRUARY 25, 2021

Purchasing or sourcing professionals, whose mission is to make sure that the purchase price is minimized, support the planning function, but purchase orders are issued by buyer/planners. Supply chain planners or buyer/planners are people who must determine how much should be procured, when, and where.

Raw materials 52

Raw materials Inventory Supply Chain Optimization Bill of materials 52

Arkestro

OCTOBER 24, 2022

Cycle time per Purchase Order and/or Sourcing Event. Arkestro is engineered to amplify the impact of high-performing procurement teams by providing a 2–5x lift on speed and impact associated with everyday sourcing and purchasing cycles. running predictions on purchases that have already taken place). Some of these KPIs include.

Price 52

Price Suppliers Procurement team Supply Chain Efficiency 52

Supply Chain Game Changer

NOVEMBER 21, 2018

The Procurement/Supply Chain team needs to order the materials and manage inventory levels. They are making commitments to suppliers for purchases. My experience includes running dozens of facilities around the world supporting dozens of customers with hundreds if not thousands of bills of material.

Sustainability 59

Sustainability Inventory Bill of materials Supply Chain Optimization 59

Procurement Software

OCTOBER 17, 2023

The same applies when we face the challenge of poor-quality purchasing data. Does Operations fundamentally care about purchasing data though? As long as lead times, bills of material and material specifications are maintained for direct materials, then the remainder is likely not a priority.

Data 59

Data Procurement supply chain budgeting supply chain software solutions 59

Procurement Software

MARCH 5, 2024

These modules can be purchased separately or as one complete suite. Part Availability Insights allow you to automatically search for all the parts and alternative options on your bill of materials (BOM) and part lists. It is optimised for sourcing raw materials and purchased parts in manufacturing businesses.

Real-time Visibility 52

Real-time Visibility supply chain software solutions Procurement Supply Chain Efficiency 52

Supply Chain Game Changer

JANUARY 12, 2020

But any company’s Supply Chain can still involve tens of thousands of skus, thousands of bills of material, thousands of suppliers, hundreds of transportation vendors, dozens of manufacturing facilities and distribution centres, and numerous customers. And mistakes can be very costly.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Supply chain Bill of materials 52

Arkestro

MAY 23, 2023

Arkestro helps your construction procurement team in a variety of ways: Manage Risk & Project Delays: By leveraging internal purchasing data against external data (such as firmographics, risk, and ESG data), Arkestro can prepare you for upcoming supply chain shortages due to macroeconomic events (like a global pandemic or war).

Procurement 52

Procurement supply chain budgeting Agile and Lean Supply Chain supply chain software solutions 52

Supply Chain Game Changer

MARCH 24, 2020

For far too long Supply Chain has been considered a back office, transactional functions placing purchasing orders and moving and receiving goods. Bills of material should be scrutinized for opportunities to identify substitutes, relax specifications for form/fit/function, and use more commoditized/less unique materials.

Agile and Lean Supply Chain 82

Agile and Lean Supply Chain Supply chain Supply Cost of ownership 82

EazyStock

JANUARY 21, 2021

It stores a wealth of data about every product and updates stock levels based on outgoing sales and incoming purchases. Link items to create a bill of materials for production. Post sales and purchases against each item to automatically adjustment stock counts. Manage non-stocked items.

Inventory 52

Inventory Management Quantity Order Fulfillment 52

Supply Chain Game Changer

NOVEMBER 10, 2018

But any company’s Supply Chain can still involve tens of thousands of skus, thousands of bills of material, thousands of suppliers, hundreds of transportation vendors, dozens of manufacturing facilities and distribution centres, and numerous customers. And mistakes can be very costly.

Supply Chain Efficiency 42

Supply Chain Efficiency supply chain software solutions Supply chain Bill of materials 42

Jaggaer

JUNE 18, 2019

With big data analytics you can take out individual slices and examine it, such as labor content, inputs associated with bill of materials, distribution of transportation, components that drive the cost for a particular item, etc. And you then ask key questions like, how can I be a more effective purchaser? Register today!

Data 40

Data Chief Procurement Officer Bidding Procurement 40

Procurement Software

JULY 9, 2024

They also enable business stakeholders to self-serve for simple, low value and non-complex purchases. These tools ensure that the direct materials meet stringent quality standards and are delivered on schedule, which impacts the overall production timeline. However, direct procurement, by its very nature, is more complex.

Raw materials 40

Raw materials supply chain software solutions Procurement Supply Chain Efficiency 40

Supply Chain Action Blog

JUNE 14, 2017

In a manufacturing organization, 60% to 70% of all cash flow is often spent on the cost of goods sold – purchasing raw materials, shipping and storing inventory, transforming materials or components into finished goods, and distributing the final product to customers. Crucial Tradeoffs for Manufacturers.

Agile and Lean Supply Chain 40

Agile and Lean Supply Chain Supply Chain Optimization Inventory Bill of materials 40

Supply Chain Action Blog

JUNE 14, 2017

In a manufacturing organization, 60% to 70% of all cash flow is often spent on the cost of goods sold – purchasing raw materials, shipping and storing inventory, transforming materials or components into finished goods, and distributing the final product to customers. Crucial Tradeoffs for Manufacturers.

Agile and Lean Supply Chain 40

Agile and Lean Supply Chain Supply Chain Optimization Inventory Bill of materials 40

Supply Chain Trend

NOVEMBER 27, 2016

Saying things like “we have had an inventory system since 1972, our ERP system does that – right” Or even we purchased that expensive APS supply chain planning in 1999 that’s the same thing right ? They face leaders and managers entrenched in the status quote and the belief current systems have it all figured out.

supply chain software solutions 100

supply chain software solutions supply chain budgeting Supply Chain Optimization Leadership 100

Procurement Zen

AUGUST 3, 2019

commodity strategies (sometimes referred to as 'commodity sourcing strategies') are purchasing strategy plans that refer to commodity goods. So here's the episode about how to come up with the internal view on your material field strategy: Phil: Welcome to episode number 13 of procurements and how to create a commodity strategy.

Strategy 52

Strategy Influencing Demand Suppliers 52

Spend Matters

MARCH 31, 2025

To support these efforts, manufacturers must provide accurate environmental data, and buyers procuring goods in this sector need seamless access to this critical data to ensure that their purchases align with sustainability goals and regulatory obligations. This content is for members only.

Bill of materials 62

Bill of materials Management Market analysis Buyers 62

SCMDOJO

DECEMBER 16, 2024

This competency includes the ability to take the Master Production Schedule replenishment quantities and “explode” quantities through the bill of materials to create component requirements, which are compared against on-hand and on-order; purchasing or manufacturing orders are subsequently planned and either placed or deferred.

Material management 52

Material management Management Supply Chain Optimization Agile and Lean Supply Chain 52

Jaggaer

JANUARY 29, 2025

Inflationary pressures: Rising costs from tariffs may contribute to inflation, affecting business costs and purchasing power. Advanced technology to support scenario analysis at a granular level (comparing bills of materials for American, European, Asian and other suppliers at a component level) can help make informed decisions.

Export 52

Export Price Bill of materials Demand 52