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Here’s a comprehensive list of the top 100 skills that a Procurement Manager should master

Procurement Templates

Coupa, Ariba) Data analytics tools (e.g., Coupa, Ariba) Data analytics tools (e.g., Master Budgeting: Practice building and managing procurement budgets aligned with organizational goals. SAP, Oracle) Procurement software (e.g., SAP, Oracle) Procurement software (e.g.,

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Cost Performance Index (CPI): What is it and How to Calculate it?

SCMDOJO

How to Use CPI in Supply Chain Management Although CPI is widely used in project management, its principles can be effectively applied to supply chain performance measurement. Below are some key areas where CPI can improve supply chain efficiency: 1. The CPI calculation would be: CPI =100,000/120,000 = 0.83.

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The Complete Supply Chain Competency Framework 2025

Skill Dynamics

Remaining compliant with laws and regulations, managing contracts effectively, and mitigating any potential legal risks all add to the robustness of a supply chain and its ability to handle and avoid adversity. Finance Managing budgets and costs is a key element of modern supply chains.

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Are you still spending time and money to run a lengthy RFI/RFQ/RFP process for a SaaS platform purchase?

Solvoyo

However, Project Management Institute (PMI) reports that 14% of IT projects fail outright before completion, 31% fail to meet their goals after completion, 43% exceed their budgets, and 49% are late. . appeared first on Supply Chain Analytics, Planning & Optimization Software | Solvoyo.

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Platform or a Collection of Tools: Which One Do You Prefer for your Digital Transformation Efforts?

Solvoyo

you can be aware of future problems and their likelihood via an “exceptions and alerts” list: possible stockouts, high-probability backorders, customers that are likely to be upset, products that are likely to move to excess inventory status, growing gaps between the projection and the monthly budget target, etc.

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Why Is Promotion Planning Important In Inventory Management?

Solvoyo

To achieve this, you identify your potential customers, decide your promotion budget, and select your product to promote. appeared first on Supply Chain Analytics, Planning & Optimization Software | Solvoyo. Let’s face it, who doesn’t like discounts or promotions on products they want to buy?

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What the Coupa software acquisition means for procuretech

Procurement Software

Mid-market businesses don’t have huge software budgets. Not many CPOs and CFOs in large organisations have the appetite or budget to do it. Perhaps one of the rapidly scaling supply chain analytics platforms will expand into procuretech and do what Coupa failed to do with their Llamasoft acquisition.