The Thomas Blog

AUGUST 15, 2022

Data shows that industrial buyers are typically 70% of the way through their purchase decision process before reaching out to a supplier. That's because today's B2B buyers are mostly millennials who are digital natives and do all their online research anonymously online first. Content Marketing And Videos.

Buyers 143

Buyers Real-time Visibility Purchasing Strategy 143

Una

OCTOBER 25, 2022

Procurement was once known for imposing clunky purchasing processes. Once the relevant information has been collected, you’ll be able to prioritize how best to direct your resources and time. It enables procurement teams to leverage economies of scale and improve the quality of products and services purchased.

Supply Chain Efficiency 105

Supply Chain Efficiency Procurement Purchase orders Real-time Visibility 105

Procurement Express

MARCH 9, 2025

If your company relies on vendors, an efficient purchase order (PO) system is essential for keeping cash flow predictable and preventing budget surprises. Fortunately, QuickBooks Online gives you a simple way to manage purchase orders, streamline approvals, and keep vendor relationships smooth. What is a purchase order?

Purchase orders 52

Purchase orders Purchasing Real-time Visibility Vendor relationships 52

Spend Matters

MAY 29, 2024

It compliments SAP’s P2P process by going beyond SAP’s standard offerings and delivering advanced functionalities, such as real-time visibility into vendor-specific metrics, flexible service entry sheet submission with integrated contract support and streamlined invoice automation.

Real-time Visibility 107

Real-time Visibility Market analysis Buyers Contract 107

ivalua

MARCH 9, 2023

Downstream activities include e-procurement , purchase orders, invoice automation and accounts payable and payment processes. The contracts govern the relationship between the buyer and supplier, an essential process to inform Procure-to-Pay. Purchasing is also where value is captured (i.e.,

Sourcing 130

Sourcing Real-time Visibility e2e supply chain software solutions 130

ivalua

MARCH 28, 2019

The huge growth in the use of technology has been the most visible part of that developing picture. I first saw this term used a few years ago by Philip Ideson, as a title for his website and excellent series of podcasts, and it feels like this may be an idea whose time has come.

Procurement 167

Procurement Agile and Lean Supply Chain Real-time Visibility Innovation 167

Procurement Tactics

DECEMBER 21, 2022

After taking the time to read this article, you will have a deeper understanding of what supply chain collaboration is all about. Thus, allowing you to know if your decision is right when the time comes you are going to collaborate in the supply chain. . Defining Supply Chain Collaboration. However, this idea turns out to be untrue.

Collaboration 199

Collaboration Supply Chain Optimization Supply Chain Efficiency Supply chain 199

Procurement Tactics

MARCH 27, 2023

Although it always relates to demand and sales projections, forecasting can also be used to determine product pricing, lead times, labor needs, and more. 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 Supply Chain Efficiency 192

Arkestro

MARCH 27, 2024

Resources / Blog / Unleashing the Power of Procurement Buyers: Delving into this Impactful Role Unleashing the Power of Procurement Buyers: Delving into this Impactful Role Buyers have always played an important role in the procurement industry, helping organizations obtain goods and maintain a careful balance of speed, cost-efficiency, and quality.

Buyers 52

Buyers supply chain budgeting Supply Chain Efficiency Procurement 52

Supply Chain Collaborator

MARCH 16, 2020

Coming at a time when the pandemic is depressing global consumption of oil thanks to plummeting travel plans and shelter in place orders, it seems counter intuitive that demand to move oil would be at record high volumes. By Furnishing Upstream and Downstream Visibility to More Effectively Coordinate with all Facets of the Supply Chain.

supply chain software solutions 108

supply chain software solutions Supply chain Freight Audit Real-time Visibility 108

Spend Matters

MAY 8, 2023

The intention is that by creating a user-centric collaboration layer between buyers and suppliers on top of the Coupa platform and infrastructure, the solution will streamline and enhance collaboration while decreasing operational business risks. Coupa is not releasing all of the above at the same time.

Spend management 100

Spend management Management Real-time Visibility Collaboration 100

SCMDOJO

NOVEMBER 20, 2024

Such as: Real-time visibility into stock levels Visibility of stock location and movement When accurate and up-to-date information on the product quantity is available to a particular firm, it dramatically helps a company’s growth and reduces obsolescence. Improves cash flow by reducing working capital requirements.

Inventory 98

Inventory Supply Chain Optimization Supply Chain Efficiency Real-time Visibility 98

Procurement Heads

JANUARY 30, 2023

I am an IT Buyer and procure software and hardware. I am responsible for the purchasing activities of Balfour Beatty on a large scale worth millions of pounds and have to make important decisions on what to recommend to our internal stakeholders and CIO. 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

Spend Matters

OCTOBER 17, 2024

We believe these companies deserve greater visibility, especially in a market which is increasingly consolidating and diluting buyer choices. To potential buyers — ivoflow offers a focus on actionable insights and cost savings initiatives rather than just static spend analysis. ” What does it mean to be named a Future 5?

Buyers 106

Buyers Real-time Visibility Sustainability Data 106

Finale Inventory

SEPTEMBER 24, 2024

One important aspect of inventory management is the creation of purchase orders. In this article, we will guide you through the process of creating a purchase order in Finale Inventory, a comprehensive inventory management system for ecommerce businesses. The significance of purchase orders cannot be overstated.

Purchase orders 52

Purchase orders Purchasing Inventory Quantity 52

Procurement Tactics

JUNE 26, 2023

Social Media Trends Instagram, TikTok, Facebook, and Pinterest are the best channels that offer real-time trending products to sell. These tips will likely change over time so constant research and informed decisions will play a big part. He has helped me immensely every time I spoke with him. Here are the top 3 tips: 1.

Price 195

Price Suppliers Negotiation Real-time Visibility 195

EazyStock

NOVEMBER 17, 2022

The extended sales period sees increased pressure on companies to get ahead on their demand planning and ensure they have the necessary inventory. This year, purchasing teams are also facing continued challenges due to global supply chain and logistics pressures, component shortages, and soaring prices for electricity and fuel.

Purchasing 52

Purchasing Supply Chain Optimization Supply Chain Efficiency Real-time Visibility 52

EazyStock

NOVEMBER 17, 2022

The extended Black Week sales period sees increased pressure on companies to get ahead on their demand planning and ensure they have the necessary inventory. This year, purchasing teams are also facing continued challenges due to global supply chain and logistics pressures, component shortages, and soaring prices for electricity and fuel.

Purchasing 52

Purchasing Supply Chain Optimization Supply Chain Efficiency Real-time Visibility 52

Pipefy

JANUARY 31, 2023

Why purchase request approval is important The purchase requisition approval process is the final layer of review that’s required for all purchase requests. Once purchase requisitions are processed and approved, a purchase order is generated and submitted to the vendor or supplier for fulfillment.

Purchasing 52

Purchasing Purchase orders Real-time Visibility e2e 52

Una

JANUARY 17, 2023

Zero visibility of the risks their ships faced, from storms to piracy and political instability, rendered those on shore helpless to intervene. That is why the most important gains in supply chain technology have been in the area of visibility. But that is not the only area where technology is rapidly evolving. For example, nearly 6.5

Supply Chain Efficiency 98

Supply Chain Efficiency Supply Chain Optimization Supply chain Real-time Visibility 98

Una

AUGUST 30, 2022

Whether you have a P2P, S2C, or SRM focus, there’s little doubt that you are leveraging the data flowing into your systems to optimize business intelligence and ultimately make better decisions based on real evidence. IT Procurement | Stranger Things Keeping IT Buyers Up at Night. Do you have questions about group purchasing?

Procurement 98

Procurement e2e Supplier relationship management Real-time Visibility 98

TYA Suite

JULY 17, 2024

Purchase order (PO) management is a vital aspect of procurement, encompassing the systematic handling of purchase orders from creation to fulfillment. In today's dynamic business environment, efficient po management is essential for optimizing inventory levels, controlling costs, and maintaining strong supplier relationships.

Purchase orders 40

Purchase orders Purchasing Management Supply Chain Efficiency 40

Spend Matters

JUNE 19, 2023

E-procurement solutions use an electronic interface to automate, guide and approve the purchase and reception of products and services. They mainly make requisitions and purchase orders to suppliers through searches in internal or external catalogs or via configurable electronic forms. What does an E-Procurement solution do?

Procurement solutions 98

Procurement solutions Procurement supply chain budgeting Real-time Visibility 98

Let's Talk Supply Chain

JUNE 15, 2023

Will my deliveries reach my customers on time? Buy vs Build Before companies dive into implementing last-mile delivery technology for their business, they must carefully consider whether building their own or purchasing existing technology makes the most sense. Creating something from the ground up also needs time.

Route optimization 98

Route optimization Real-time Visibility Supply Chain Efficiency Supply Chain Optimization 98

ivalua

FEBRUARY 24, 2021

Customers can now ensure greater supply chain resilience through improved supplier discovery and collaboration, increase efficiency across each step of the source-to-pay process and better understand and optimize cost drivers for goods and services purchased. Now, customers can create and iterate on a draft contract during an RFX.

Supply chain resilience 100

Supply chain resilience Supply Chain Efficiency Supply Chain Optimization Innovation 100

ivalua

AUGUST 5, 2020

This makes paying an invoice faster, simpler and on time. Ivalua’s e-invoicing software for Invoice to Pay transforms the accounts payable process and can deliver indisputable value in the form of less manual processes, reduced transaction costs, traceability and increased control over payment timing, and ultimately cost savings.

supply chain software solutions 130

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

Spend Matters

JUNE 19, 2023

Click to enlarge The average vendor can use its analytics schema to go beyond deriving reports from transactional purchasing and invoicing data to provide deeper quantitative insights on the data, including performance modeling (e.g., normalizing/enhancing spend data for benchmarking), causal factor analysis (i.e.,

Real-time Visibility 98

Real-time Visibility Data e2e Quality 98

Supply Chain Game Changer

JULY 1, 2021

Supply Chain Investment Challenges – Real and Imagined! A PayPal study shows that 43% of shoppers will abandon their carts if hit with high shipping costs, while 84% won’t purchase from a brand again after a single negative delivery experience. Invest in supply chain visibility. Subscribe Here! Email Address.

Supply Chain Efficiency 60

Supply Chain Efficiency supply chain software solutions Supply Chain Optimization Real-time Visibility 60

Procurement Insights

OCTOBER 20, 2023

At the time, it was as much whimsy as it was reasonable contemplation. I say reasonable because that was the time when many people started asking the question, “Why can’t buying at work be as easy as it is at home on Amazon? .” ” Comparison Results: Amazon AWS is the clear winner in this comparison.

Buyers 78

Buyers Real-time Visibility Eprocurement Procurement 78

Zycus Cognitive Procurement

JANUARY 16, 2023

You must have found yourself struggling with limited visibility into preferred or contracted suppliers, contract utilization status, budgeting issues, and multiple requirements for sourcing low dollar items or services. It is usually time consuming, require multiple approvals and follow ups. Lack of pricing compliance .

Sourcing 52

Sourcing Real-time Visibility Procurement Buyers 52

Supply Chain Game Changer

OCTOBER 1, 2019

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. Visibility to where goods were was largely limited to updates that came over the phone. Conclusion.

Supply Chain Optimization 82

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

Finale Inventory

JULY 17, 2024

Defining In-transit Inventory In-transit inventory can be categorized as any goods or products that have left the supplier’s premises and are on their way to the buyer or destination. Different modes have varying lead times and costs. One important aspect is having a robust tracking system.

Inventory 52

Inventory Real-time Visibility Purchase orders Supply Chain Optimization 52

Supply Chain Game Changer

DECEMBER 9, 2020

If your business is small, separate applications can be purchased to piecemeal the jobs usually done in an ERP’s modules. Over time (and as your business grows), however, the sheer number of subscriptions and transactions each month can get overwhelming. Looking at the strengths, an ERP is well-suited for inventory management.

Inventory 98

Inventory supply chain software solutions Management Supply Chain Optimization 98

Procurement Software

JULY 18, 2023

When you think of the best purchasing software solutions for SMEs, or procurement tech in general, you probably think “expensive” This list of 15 procurement tools specifically targeted to smaller and growing businesses will prove it’s not so. It gives you full visibility of your spend data, all in one place.

Purchasing 52

Purchasing Contract Negotiation Real-time Visibility 52

Supply Chain Game Changer

SEPTEMBER 28, 2022

Make Your Website Visible and Trustworthy! Thus a website is your strategic source of revenue and brand visibility , which are important considerations before redesigning your website. Still, as time passes, you might notice that your website enjoys fewer visits. Why Think about Redesign? How to Make Redesign Successful.

Real-time Visibility 85

Real-time Visibility Supply Chain Optimization Supply Chain Efficiency supply chain software solutions 85

Spend Matters

FEBRUARY 25, 2025

Time and resources can also be a stopping point. Procurement also has to deal with maverick spend, and persuading employees, buyers and suppliers not to get around the adopted process is hard when its an easier option than sticking to sometimes archaic systems and elongated processes. Adoption will not happen automatically.

Real-time Visibility 107

Real-time Visibility e2e Procurement Negotiation 107

Finale Inventory

JULY 18, 2024

With EDI, businesses can transmit and receive electronic documents such as purchase orders, invoices, and shipping notices. For example, a purchase order document may include segments for the buyer’s information, the seller’s information, and the items being ordered.

Data 52

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