Macy’s doubles down on inventory discipline as demand falters
Supply Chain Dive
JUNE 8, 2023
Inventories at the department store retailer were down 7% as it keeps its budget open to buy in-demand product.
Budgeting Process: Steps and Best Practices for Planning a Budget
Planergy
SEPTEMBER 5, 2023
Download Free Copy Budgeting Process: Steps and Best Practices for Planning a Budget Written by Keith Murphy 18 min read Best Practices & Tips Budget Management Process & Procedures Download PDF KEY TAKEAWAYS Budgeting is crucial to ensure your business has enough money to remain operational and earn profit.
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Staying Ahead of UFLPA Enforcement: Best Practices for Retail Supply Chains
Trending Sources
APSCo welcomes IR35 repeal in Chancellor’s Budget
Procurement Heads
SEPTEMBER 28, 2022
“The Chancellor’s Mini Budget promised to be one that drives growth for the UK and it’s clear that the Truss administration is powering ahead with an extraordinary range of changes to boost the economy. The planned repeal in April 2023 of the Off Payroll legislation is a welcome move.
New data shows an uptick in recruitment following the Budget: but will it last?
Procurement Heads
APRIL 28, 2023
The data – provided by Bullhorn – revealed that permanent jobs grew 10% month-on-month in March while demand for highly skilled contractors rose 4%. Placements also increased, up 21% for permanent jobs and 11% for contract positions between February and March.
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New data shows an uptick in recruitment following the Budget: but will it last?
Procurement Heads
APRIL 28, 2023
The data – provided by Bullhorn – revealed that permanent jobs grew 10% month-on-month in March while demand for highly skilled contractors rose 4%. Placements also increased, up 21% for permanent jobs and 11% for contract positions between February and March.
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Here’s a comprehensive list of the top 100 skills that a Procurement Manager should master
Procurement Templates
NOVEMBER 21, 2024
Master Budgeting: Practice building and managing procurement budgets aligned with organizational goals. SAP, Oracle) Procurement software (e.g., Coupa, Ariba) Data analytics tools (e.g., Analyze Total Cost of Ownership (TCO): Incorporate factors like lifecycle costs, maintenance, and disposal into purchasing decisions.
Global Electronics Supply Chains Shift to Chaos Amid Tariff Mandates – Supply and Demand Chain Executive
Let's Talk Supply Chain
MARCH 24, 2025
Join us as we delve into the unfolding drama of this new era, where supply chains are tested to their limits and demand forecasting becomes an ever more elusive pursuit. The uncertain trade surroundings is causing disruptions in the supply and demand dynamics,leading to challenges for manufacturers and suppliers alike.
What About Procurement Objectives?
Procurement Templates
DECEMBER 11, 2024
Financial Objectives Budget Management: Monitor and manage procurement budgets to ensure spending stays within approved limits. Decide what is worth investing in, if there is no budget enquire, what might you be able to trade, what might already exist for other departments where the upfront fee has already been paid.
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Corporate Budgets Are Tightening. Where’s Supply Chain Spending Going Today?
Supply Chain Brain
OCTOBER 29, 2023
With near-term consumer demand uncertain, and high interest rates likely to continue for some time, corporate belts are tightening. So what are companies spending money on today?
Expanding the influence and impact of Procurement
Spend Matters
FEBRUARY 13, 2025
However, although Utz Brands enjoys a long and successful history, Ron understood that he had to be prudent and efficient with the dollars available to invest in technology because he did not have the budget that larger competitors have to spend. For the most part, this did not prove a problem.
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The Art and Science of Demand Forecasting in Supply Chain Planning
Skill Dynamics
JULY 17, 2024
Struggling to anticipate customer demands? It’s impossible to know entirely how demand will pan out. However, demand forecasting is key to gaining some sense of control over your business during this turmoil. One such challenge is demand volatility.
Mastering budget control in the age of AI: Leveraging on-premises and cloud XaaS for success
IBM Supply Chain Blog
JUNE 10, 2024
In this blog, we’ll explore how businesses can use both on-premises and cloud XaaS to control budgets in the age of AI, driving financial sustainability without compromising on technological advancement. Embracing a culture of experimentation helps businesses drive innovation while minimizing financial risk.
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ERP vs. Best-in-Class — What is Best for Managing the Healthcare Supply Chain
ivalua
FEBRUARY 25, 2021
Demand planning capabilities. Demand planning is the ability to create forecasts that predict the future need for your products. In fact, 74% of ERP implementations go Over Budget and they take longer to roll out. Point-of-use data capture. Upgrades can be disruptive to the rest of the business.
How Will Higher Education Procurement Cope in an Age of Uncertainty?
Jaggaer
MARCH 20, 2025
Community colleges, public universities, and private institutions alike must navigate the potential for budget cuts, shifts in federal aid programs, and changing regulatory requirements. Budget Shortfalls First, the good news. Here are seven challenges that your institution might be tackling: 1.
Titanium Prices – Historical Graph [Realtime Updates]
Procurement Tactics
MARCH 22, 2023
International Trade Tariffs and quotas imposed by the government can disrupt the balance between supply and demand. The United States which is the top titanium importer allocates a huge amount of budget for its federal aviation program as it considered its national security. Another price fluctuation factor.
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Inflation + Source-to-Pay Strategies: The Cure for the Common Price Hike
ivalua
FEBRUARY 10, 2023
It also has an impact on procurement teams as they are responsible for managing supplier relationships, identifying opportunities for cost savings, and ensuring that goods and services are delivered on time and within budget.
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Latest ONS Labour statistics show a need for immediate labour market support
Procurement Heads
MARCH 14, 2023
“However, the fact that the final dataset to be unveiled before tomorrow’s budget shows that unfilled vacancies remain over one million shows the critical state of the labour market across the UK. When we also consider the changes in payrolled employment, we can see that the shortage of workers is only growing.
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Supply Chain Forecasting — Everything You Should Know
Procurement Tactics
MARCH 27, 2023
Supply chain forecasting refers to the process of predicting demand by looking at past and present information to help businesses make decisions about their plan, budget, and stock inventory. Having too little in stock means running out at unfortunate times when the demand is high, causing your buyers to buy elsewhere.
The 10 Best Accounting Software Solutions for Educational Institutions
Planergy
MARCH 24, 2025
From tracking tuition payments to managing budgets and grants, schools handle complex financial landscapes that require transparency and precision. Look for options like income statements, budget analysis, and grant usage summaries. Real-time budgeting tools. Accounting is a pivotal part of day-to-day school operations.
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Blanket Purchase Order – Everything You Should Know
Procurement Tactics
JUNE 22, 2023
It is suited for situations with fluctuating demand or one-time projects. Blanket Purchase Order Used for recurring or ongoing purchases They are designed for ongoing requirements within a predetermined timeframe or budget. Ideal for stable demand or long-term supplier relationships.
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CPFR in Supply Chain — Everything You Should Know
Procurement Tactics
MAY 8, 2023
18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details → Or receive our famous weekly newsletter CPFR in Supply Chain — Everything You Should Know CPFR in supply chain allows both businesses and suppliers to fulfill customer demand. However, what is it? Benefits of CPFR 1. Is CPFR suited for every industry?
The Beautiful Complexity of Procurement Planning
The Good Spending
APRIL 2, 2023
Once, we wrote about demand management in this blog. It's a good enough topic, which misses one crucial element - demand management mastery comes after sophisticated planning. Our colleagues tend to accept the business demand for granted and not try to understand or, God forbid, challenge it. Demand planning and consolidation 4.
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A procurement digital transformation survival guide for practitioners: How to embrace digital without getting lost on the way
Spend Matters
FEBRUARY 5, 2025
Real transformation demands a mix of creativity, strategy and much patience. Procurement has evolved from a back-office function to a strategic driver of innovation and value. While technology is at the heart of this shift, jumping on the digital bandwagon isnt always as simple as plugging in some shiny new software.
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CPO Crunch: See savings as a starting point
Procurement Leaders
SEPTEMBER 16, 2024
What about demand management? With hungry CFOs desperate for bottom-line impact and budget-protecting functional heads keen to reallocate cost, rather than return it to the central pot, it’s a complex and emotive issue. Should they hit the profit & loss? Does avoidance count?
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Strategic Procurement — Everything You Should Know
Procurement Tactics
MARCH 16, 2023
18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details → Or receive our famous weekly newsletter Strategic Procurement — Everything You Should Know Strategic procurement allows businesses to meet the demand of the current procurement landscape by making sense of the data and automating the procurement process.
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ICYMI: Preparing for Black Friday Cyber Monday
Finale Inventory
NOVEMBER 20, 2024
Ensure your inventory is distributed strategically to meet demand across various channels. Monitor sales velocity, adjust advertising budgets, and introduce backup products if key SKUs sell out. Watch the on-demand recording. Diversify fulfillment strategies. Master Pricing and Promotions Dynamic pricing is a must. Don’t worry.
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Key Procurement Technology for Excellence in 2025
Jaggaer
MARCH 24, 2025
These procurement technologies empower teams to move beyond traditional methods, using data-driven insights for smarter sourcing, demand forecasting, and risk management. As organizations continue to invest in these tools, their potential to reshape procurement strategies is immense, giving early adopters a serious competitive advantage.
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2011 To 2025: The Evolution Of How The C-Suite And Boardroom Views Procurement
Procurement Insights
JANUARY 3, 2025
Here’s a breakdown of the shifts over this period: 2011: Procurement as a Tactical Function Primary Focus on Cost Savings : In 2011, CFOs largely viewed procurement as a cost-control function , tasked with negotiating contracts, reducing spend, and maintaining compliance with budgets.
Future Learn Supply Chain Courses VS SCMDOJO Academy
SCMDOJO
DECEMBER 29, 2024
Two prominent online learning platforms, Future Learn Courses and SCMDOJO, offer courses on demand to meet supply chain enthusiasts’ diverse needs. Your Budget Consider the cost and value of the courses. Future Learn offers only five supply chain courses, with prices ranging from $19.9
Brex: Vendor Analysis — Expense management solution overview, roadmap, competitors, tech selection tips, analyst insights
Spend Matters
OCTOBER 9, 2023
Expense management tools are in high demand because organizations need to manage post-pandemic travel spend. To the buyer — Brex eliminates expense reporting through use of document collection and AI and removes the need for approvals through its ‘Live Budgets’ approach which embeds policies in the budget.
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Supply Chain Disruptions in Schools: Challenges and Solutions
Planergy
MARCH 18, 2025
Common disruptions such as economic instability, vendor delays, natural disasters, and supply shortages uniquely challenge schools due to tight budgets and rigid schedules. The schools procurement team ensures schools can order the necessary items while maintaining the budget and standards. directly impact procurement budgets.
Procurement Software for SMEs: Our Updated Tech Map
Procurement Software
FEBRUARY 9, 2025
The procuretech space is dominated by solutions geared towards larger enterprises with substantial budgets. Clearly, there is a demand for this type of diagram. We want to democratise access to procurement tech for those who don’t have a budget. Prospective customers demand more price transparency.
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Supplier Management in Education: Best Practices for Success
Planergy
MARCH 19, 2025
However, budget restrictions and transparency requirements present challenges. Supplier management involves selecting, evaluating, and maintaining supplier relationships to ensure timely delivery of goods and services within budget. Letting suppliers know about expected order volumes in periods of high demand helps avoid shortages.
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Effective Expense Management in Education: Strategies for Schools and Trusts
Planergy
MARCH 10, 2025
Why Expense Management is Crucial for Educational Institutions From energy costs to staffing, schools, and trusts face a wide variety of financial demands. Optimize Energy Usage Energy consumption often makes up a large share of a schools budget. Streamlining these tasks is a simple but effective way to reduce unnecessary expenses.
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Effective Inventory Forecasting and Demand Planning Strategies for Construction Businesses
Finale Inventory
AUGUST 30, 2024
In the construction industry, effective inventory forecasting and demand planning strategies are vital for businesses to succeed in a competitive market. Additionally, we’ll explore the role of technology in streamlining inventory forecasting and demand planning and how to choose the right tools for your business.
IT dominated hiring within Financial Services last year: could layoffs reverse this trend in 2023?
Procurement Heads
JANUARY 26, 2023
With huge investments in technology and digitalisation, it is perhaps unsurprising to see such demand for tech professionals. However, with reports of banks planning layoffs to cut budgets, it remains to be seen what impact this will have on recruitment levels for the first quarter of 2023. increase on 2021 levels.
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5 Ways Predictive Procurement Is Transforming High-Tech Manufacturing
Arkestro
DECEMBER 5, 2024
Arkestro uses predictive models to analyze data, forecast demand, and identify potential disruptions before they occur. Key aspects of how procurement cycles are sped up are: Demand forecasting: This step ensures proactive advance ordering and prevents overstock and shortages that can slow the procurement process.
The ultimate guide to Virtual CFO tools
Procurement Express
FEBRUARY 28, 2025
Some focus on cloud accounting and bookkeeping, while others specialize in forecasting, budgeting, purchasing, and compliance. Virtual CFO tools range from cloud-based accounting platforms to cash flow forecasting, budgeting, and spend management software. Thats where a virtual CFO tool stack comes in handy. Consider scalability.
Webinar Recap: Procurement 2022, Big Trends and Predictions
ivalua
JANUARY 31, 2022
As operating budgets tighten, restrictive spending will pressure businesses to focus on savings and creative alternatives. . Disruptions in global supply chains, labor market shortages, strong consumer demand. How can we mitigate technical, logistical, weather-related, and demand-driven supply chain disruptions?
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Procurement Tracking – Everything You Should Know
Procurement Tactics
JUNE 28, 2023
Budget and Cost Control Procurement expenditures, monitoring variations in the cost and identifying opportunities for savings, and avoiding unnecessary costs shall be monitored in accordance with the approved budget. It also has a great budgeting toolkit that simplifies the planning and management of expenses.
Outsourcing Statistics 2022 — 18 Key Figures
Procurement Tactics
OCTOBER 25, 2022
Workers are now demanding wage benefits, and better benefits, and choosing to leave the industry if they do not feel they are treated well enough. . This year, only those companies that can adjust to the market’s demands will win the war for top outsourcing talent. . Outsourcing Statistical Figures That You Should Know.
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Commissioned Study reveals digital maturity in procurement is lagging behind perceived progress
ivalua
APRIL 30, 2019
Early in the journey, lack of budget and executive support are primary obstacles, while more advanced organizations struggled with poor integration across their source-to-pay systems. This is why we maintain the industry’s highest customer retention rate, at over 98%, year after year, while serving the most demanding brands in the world.”.
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2021 Strategies for Inventory Management and Supply Chain Recovery
EazyStock
DECEMBER 13, 2020
How did your demand change? Having a transparent and detailed account of what inventory you are currently holding will help you optimize your inventory levels while allowing you to be responsive to market demand. Maybe you need to boost your safety stock levels to cover longer lead times or unexpected demand peaks.
Inventory Control — What You Should Know
Procurement Tactics
MAY 31, 2023
First Name Email Download 51 Prompts → Or receive our famous weekly newsletter Inventory Control — What You Should Know Inventory control allows businesses to ensure that the right amount of supply is available to meet the customers’ demands. Thus, enabling you to meet the demands of your customers. However, what is it?
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