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. The integration of AI into forecasting improves accuracy, saves more money, and helps businesses react to exceptions in real-time.

supply chain budgeting 192

supply chain budgeting supply chain software solutions Supply Chain Optimization Agile and Lean Supply Chain 192

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. In this article, we will discuss what inventory control is.

Inventory control 174

Inventory control Inventory Real-time Visibility supply chain budgeting 174

Procurement Tactics

OCTOBER 16, 2022

ERP software in construction is a specialized enterprise resource planning system created to cater to the demands or needs of construction companies. The system gives the user accuracy, visibility, and control over whether the project can be profitable or not. Visibility of the workflow. CAD interface. Work cycle process.

Real-time Visibility 130

Real-time Visibility Budget Inventory control Data 130

Procurement Tactics

JULY 20, 2023

This integration enables businesses to have real-time visibility into order status, inventory levels, and supplier performance, enabling them to make informed decisions and respond quickly to changing market demands. This automation saves time and effort, making the procurement process more efficient.

supply chain software solutions 134

supply chain software solutions Suppliers Management Purchase orders 134

SCMDOJO

FEBRUARY 5, 2025

The world of procurement is constantly evolving, demanding professionals with the right skills and knowledge. Real-World Focus: SCMDOJO courses often incorporate real-world case studies, expert interviews, and practical exercises, ensuring that you gain relevant and applicable knowledge.

Procurement 59

Procurement Real-time Visibility supply chain budgeting Supply Chain Optimization 59

ivalua

FEBRUARY 27, 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. This ensures contracts remain favorable and all stakeholders comply with negotiated terms.

Real-time Visibility 130

Real-time Visibility Procurement Agile and Lean Supply Chain supply chain budgeting 130

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. Tools like PLANERGY enhance supply chain resilience by providing real-time tracking, data-driven insights, and streamlined communication with suppliers.

supply chain budgeting 52

supply chain budgeting supply chain software solutions Supply Chain Efficiency Supply chain 52

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.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Procurement 52

SCMDOJO

MAY 6, 2022

The growth of coding capabilities and accessible resources can help several firms consolidate data sources and create real-time visibility throughout the end-to-end supply chain using no-code development platforms. The benefits include cost savings and a quick turnaround time from development to implementation.

supply chain software solutions 138

supply chain software solutions Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 138

Finale Inventory

JANUARY 27, 2025

As warehouses grow more complex and customer expectations rise, rfid inventory management emerges as a transformative solution that addresses critical operational challenges. Modern businesses require real-time visibility into their stock levels, locations, and movements.

Inventory 52

Inventory Real-time Visibility Management supply chain software solutions 52

Finale Inventory

JANUARY 27, 2025

Introduction Modern warehouse operations demand precision, speed, and real-time visibility – qualities that a well-implemented warehouse barcode scanner system delivers with remarkable consistency. Workers scan outgoing items against order details, preventing costly shipping errors and returns.

Real-time Visibility 52

Real-time Visibility Warehouse operations Inventory Data 52

IBM Supply Chain Blog

JUNE 30, 2023

For the energy and utilities industry (E&U), time is not on their side. Equipment-heavy and reliant on an aging infrastructure, E&U clients suffer from costly supply chain disruptions as wear, tear and time take their toll. Visibility. However, maintenance inventory optimization is only part of the solution.

e2e 58

e2e Supply Chain Visibility Real-time Visibility supply chain budgeting 58

Planergy

SEPTEMBER 6, 2023

How to gain visibility and control of your indirect spend. For the greatest chance of success, senior leadership should be involved in setting goals and determining success metrics that are aligned to budgets. Budgeting is a critical financial planning and management aspect for individuals, businesses, and organizations.

Budget 52

Budget Real-time Visibility Innovation Data 52

TYA Suite

OCTOBER 27, 2024

With automated systems, purchase orders can be generated based on predefined criteria, such as inventory levels or specific triggers, ensuring timely and accurate procurement. Real-time tracking and reporting capabilities allow organizations to monitor the status of purchase orders, deliveries, and payments.

supply chain software solutions 40

supply chain software solutions Supply Chain Efficiency Management Procurement 40

Planergy

DECEMBER 25, 2023

How to gain visibility and control of your indirect spend. Thanks to AI and other tools, you can now make better decisions with real-time data. It is the driving force behind financial decision-making, providing essential insights that guide strategic planning and budgeting. Let’s delve into the details.

Real-time Visibility 52

Real-time Visibility Data Budget Strategic planning 52

Jaggaer

FEBRUARY 5, 2025

Optimizing source-to-paythrough digital transformation streamlines every stage of your procurement strategy, improving visibility, efficiency, and collaboration. These begin with enhanced visibility. Digital S2P platforms provide real-time insights into supplier performance, contract compliance, and spending patterns.

Supply Chain Efficiency 52

Supply Chain Efficiency Sourcing e2e Real-time Visibility 52

FourKites

DECEMBER 23, 2020

One additional area of focus is risk management, which, if left unchecked, can cause unexpected expenses to skyrocket within the other three budget areas. When creating a strategy for improving the productivity of your supply chain, you should analyze your costs within the following four areas: Staff time. 2: Right-size Your Inventory.

Supply Chain Efficiency 52

Supply Chain Efficiency Real-time Visibility supply chain budgeting Supply Chain Optimization 52

Spend Matters

APRIL 4, 2024

The technology opens up a wealth of capabilities not previously possible for the procurement practitioner in terms of data availability, end-to-end visibility, cost, time and risk reduction, and ultimately the overall health of the third-party network. And those risk factors can change at any time; it’s a very dynamic landscape.

Real-time Visibility 110

Real-time Visibility Management e2e Risk management 110

Procurement Heads

JANUARY 30, 2023

Having said that supply chain was more so about the movement of goods ensuring that retail stores had sufficient stock to meet customer demand. IT procurement provides a lot more visibility to senior stakeholders within the business. CIPS is valuable because it allows you to apply your theory to the real world.

supply chain budgeting 130

supply chain budgeting supply chain software solutions Negotiation Real-time Visibility 130

Procurement Templates

JUNE 18, 2023

ChatGPT Inflation refers to the general increase in prices of goods and services in an economy over time, resulting in a decrease in the purchasing power of money. Inflation occurs when there is an imbalance between the supply and demand of money and goods. Supplier relationships: High inflation can strain relationships with suppliers.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

Supply Chain Game Changer

JULY 21, 2021

In supply chain, simply observing your entire supply chain in action to assess it is not possible, but with data and a reliable performance management system like The Owl, you can at-least have a real-time view of your supply chain performance through KPIs and metrics. Customer Lead Time (Service). Inventory Turnover (Cash).

Supply Chain KPIs 98

Supply Chain KPIs supply chain budgeting Supply Chain Efficiency supply chain software solutions 98

Finale Inventory

JANUARY 27, 2025

Small and medium-sized retailers face unique challenges in managing inventory across multiple channels and locations. A well-implemented barcode inventory system addresses these challenges by providing real-time visibility into stock levels, streamlining receiving processes, and accelerating checkout procedures.

Inventory 52

Inventory Real-time Visibility Price Inventory control 52

Jaggaer

FEBRUARY 28, 2025

They see major infrastructure projects being delayed with increasing costs while basic services fail to match increased demand despite rising taxes. At the time, organisations were understandably keen to capture the benefits but, in many cases, they took leaps of blind faith and dot.com became dot.bomb.

Procurement 52

Procurement Real-time Visibility Data Contract 52

IBM Supply Chain Blog

JUNE 30, 2023

. ​ Automotive supply chain facts Up to 50 percent of unscheduled downtime is due to a lack of spare parts or stockouts ( The Importance of Inventory Optimization in MRO, July 2015 , Aberdeen Group) Generally, 99% of [semiconductor] manufacturing foundries have no visibility where the part is going. Why is this happening?

supply chain budgeting 62

supply chain budgeting Supply Chain Optimization Supply Chain Efficiency Real-time Visibility 62

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.

Demand Planning 52

Demand Planning Inventory Demand Strategy 52

Spend Matters

JUNE 19, 2023

This Spend Matters series takes a look at the state of procurement technologies in the market today and whether they meet user demands. budget compliance and inventory availability), enable effective spend, preferred supplier and category management. In this article, our analyst Xavier Olivera looks at E-Procurement.

Procurement solutions 98

Procurement solutions Procurement supply chain budgeting Real-time Visibility 98

TYA Suite

JANUARY 27, 2025

Cloud-based procurement software with community approvers enhances transparency by providing visibility into the entire approval chain. Stakeholders can track the progress of procurement requests in real-time, from submission to final approval.

Procurement 40

Procurement Real-time Visibility Collaboration Procurement solutions 40

Supply Chain Trend

AUGUST 13, 2020

The budget, or annual operating plan, is normally the first year of the strategy. A problem arises in IBP meetings when participants are distracted by very near-term planning issues, leaving insufficient time for longer term discussion and decisions. Doing so frees up time for executives to focus on the bigger picture. .

supply chain software solutions 147

supply chain software solutions Supply Chain Optimization supply chain budgeting Supply chain 147

Spend Matters

JUNE 19, 2023

This Spend Matters series takes a look at the state of procurement technologies in the market today and whether they meet user demands. Top 5 Procure-to-Pay tech capabilities What’s the state of different procurement technologies in the market today and do they meet user demands?

Procurement 98

Procurement Real-time Visibility Purchasing Inventory 98

Planergy

MARCH 10, 2025

How to gain visibility and control of your indirect spend. Benefits of Effective Data Collection and Management Track Student Progress By leveraging data management systems, educators can identify trends in student performance over time. Budget planning also becomes more efficient with accurate data at hand.

Data 52

Data Management Budget Real-time Visibility 52

IBM Supply Chain Blog

JUNE 29, 2023

Integrated planning incorporates supply chain planning, demand planning, and demand forecasts so the company can quickly assess the impact on inventory levels, supply chain logistics, production plans, and customer service capacity. A retail company experiences a sudden surge in online sales due to a viral social media campaign.

supply chain software solutions 76

supply chain software solutions Real-time Visibility Agile and Lean Supply Chain Supply Chain Optimization 76

IBM Supply Chain Blog

SEPTEMBER 19, 2023

For a long time, there wasn’t a good standard definition of observability that encompassed organizational needs while keeping the spirit of IT monitoring intact. It scales up to accommodate dynamic and distributed applications, allowing you to have full visibility across all your microservices, containers and serverless functions.

Real-time Visibility 79

Real-time Visibility Price Data Budget 79

Supply Chain Game Changer

JULY 14, 2021

At their root, these two roles coexist with conflicting purposes, but function stronger together than they do apart, as they are — at times — seemingly contrary forces that actually are complementary, interconnected, and interdependent in any business. The actual metric will need to be determined by your team, and measured over time.

Sustainability 98

Sustainability Procurement supply chain budgeting Agile and Lean Supply Chain 98

Supply Chain Game Changer

NOVEMBER 16, 2022

Collaborating with the suppliers without any systems would mean wasting time searching through voicemails, printed documents, and email threads to locate the needed information. Management can review orders in real-time and spend time on exceptions raised by the system. Real-time data and analytics.

Supply Chain Efficiency 19

Supply Chain Efficiency Procurement Supply Chain Optimization Real-time Visibility 19

Supply Chain Trend

NOVEMBER 16, 2016

It sometimes seems like S&OP is stuck in a time warp, where the same old things as 30 years ago are being discussed. This operating model included order to cash, make to demand, purchase to pay, finance and planning processes. They fear the cross functional visibility in their KPI’s, progress of projects and functional performance.

supply chain budgeting 115

supply chain budgeting Supply Chain Efficiency Supply chain Innovation 115

Spend Matters

JUNE 19, 2023

This Spend Matters series takes a look at the state of procurement technologies in the market today and whether they meet user demands. Top 5 Contract Lifecycle Management tech capabilities What’s the state of different procurement technologies in the market today and do they meet user demands?

Contract 103

Contract Management Negotiation Real-time Visibility 103

IBM Supply Chain Blog

AUGUST 16, 2023

There are many reasons why organizations have embraced cloud services, including improved efficiencies, cost savings, scalability, flexibility and quicker time-to-market. As a result, IT budgets are experiencing decreases along with overall operational budgets. It enables the lowest-level control of resources in the cloud.

Real-time Visibility 64

Real-time Visibility Budget Cost optimization Demand 64