EazyStock

FEBRUARY 11, 2021

Better Inventory Management for eCommerce. As more and more businesses sell online, they are starting to see the impact that eCommerce has on their inventory management operations. In this post we discuss how eCommerce is affecting inventory management strategies. eCommerce impacts inventory management in many ways.

Inventory 52

Inventory Supply Chain Efficiency Management Supply Chain Optimization 52

Procurement Insights

OCTOBER 26, 2023

As you read the title of today’s post, you may wonder what maverick spend, vendor rationalization and change management have to do with user adoption and AI Chatbots. The simple answer is the end of maverick spend , vendor rationalization , and change management. This disconnect meant that other measures had to be taken.

Change management 69

Change management Management Contract Buyers 69

Spend Matters

OCTOBER 4, 2024

We also caught up with practitioner clients and contacts who were in attendance to kick the proverbial tires and learn more about the ‘space’ (which is partially about intake management, but also concerns broader orchestration, which can mean everything from process coordination/integration to next-gen management of procurement itself).

Sustainability 112

Sustainability Spend management Real-time Visibility Supply Chain Optimization 112

Finale Inventory

APRIL 12, 2022

An order management system can shape the way you run your business, increasing your productivity and morale amongst your employees — and so much more. Here’s more on why you should consider making the investment and the benefits of order management systems. What Is Order Management?

Management 52

Management Inventory Order Fulfillment Real-time Visibility 52

The Thomas Blog

AUGUST 24, 2022

A lot of it depends on what type of materials, products, services, or company is needed, but at a high level, the complete industrial buying process actually involves six distinct phases: The buyer defines a need for a product or service. Impact The Industrial Buying Process Before The Sales Funnel. Inventory management?

Buyers 128

Buyers Buying process Suppliers Sourcing 128

Procurement Insights

MARCH 20, 2024

The Numbers Don’t Lie Check out the following stats, then tell me why the sales process doesn’t have to evolve or morph into something new and dramatically different: McKinsey & Company echoes this sentiment, stating that two-thirds of the buying process is now done digitally. The February 9th, 2024, Inc.

Procurement 86

Procurement Leadership Supply chain Buying process 86

The Procuretech Podcast

SEPTEMBER 14, 2021

Historically, there wasn't much technology out there to deal with indirect services spend, both from a sourcing and supplier contract lifecycle management perspective. But is it possible to manage both strategic, corporate level service agreements as well as more tactical, tail spend and one-time buys all in the same platform?

Management 52

Management Procurement team Contract Purchasing 52

Spend Matters

JANUARY 9, 2024

This might be for small use cases like replacing Google when we have a question or more advanced cases like supporting category managers in the buying process. We’ve embedded AI into strategic areas of procurement such as risk management, due to the sheer amount of value it can deliver.

Procurement 106

Procurement Buying process Category management Suppliers 106

SCMDOJO

DECEMBER 14, 2023

Logistics and Shipment Management: Smooth Transitions Across Borders Coordinating the logistics of shipping goods across borders is a complex task. Sourcing agencies take charge of the entire shipment process, selecting the most efficient and cost-effective shipping methods. Hire the Expert Now or Start a Chat!

Sourcing 104

Sourcing Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain 104

Let's Talk Supply Chain

NOVEMBER 7, 2022

We investigated their online shipping policies and went through the buying process to view shipping options at checkout. We help retail businesses put logistics management technology at the center of their growth strategy. We then cold cross-referenced whether or not a given retailer used a single carrier. Enter Shipium.

supply chain budgeting 105

supply chain budgeting Supply Chain Optimization Business strategy Logistics 105

Procurement Tactics

AUGUST 29, 2022

The Sales and Marketing Management magazine has called Colleen and her company, Engage Selling, one of the top 5 most effective sales training organizations in the market today. . Author of three books, her work covers every step of the buying process that equipped readers with effective strategies for both the short and long term.

Negotiation 130

Negotiation Influencing Strategy Leadership 130

Supply Chain Game Changer

MAY 1, 2019

With supply chain being a goldmine of structured and unstructured data, it seems only natural that the Internet of Things, Artificial Intelligence and blockchain are considered the key drivers of Digital Transformation in logistics, supply chain management, warehousing and transportation. Route & freight cost optimization.

Logistics 98

Logistics supply chain software solutions Supply Chain Efficiency Supply Chain Optimization 98

SCMDOJO

JANUARY 19, 2025

The ways to find and buy items online with instant processing had changed the customers’ views on the whole chain. But convenience is not the only trait of a click-to-buy process. Source: [link] Well, it faces a few challenges: Management. Here, we get another central point, the capital. Lots of money.

supply chain software solutions 52

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

Procurement Software

MAY 16, 2023

Mid-market businesses, on the other hand, could invest in this software and easily see a quick return if they have the right change management and procurement talent in place. Onventis Onventis provides a Procure-to-Pay module for buyers that streamlines the procurement process from purchasing to payment.

Procurement 96

Procurement Purchase orders Real-time Visibility Purchasing 96

Una

SEPTEMBER 22, 2022

The number of tech contracts and IT vendors that are needed to support your business can add up quickly, which can make this particular category difficult to manage. It’s not a matter of if IT spend should be managed, but who should be the one managing such a significant portion of a company’s budget.

Procurement 98

Procurement Real-time Visibility Contract Purchasing 98

Claritum

JANUARY 25, 2019

However, Supply Chain Management technology is beginning to catch on with SMEs, largely because of the significant cost control benefits and the increasing emphasis on control of supply chains and the internationalisation of these supply chains. What are the key drivers for SME adoption of Supply Chain Management eProcurement platforms?

Supply chain management 36

Supply chain management Supply chain management Supply Chain Efficiency Supply chain 36

SCMDOJO

DECEMBER 11, 2023

In the realm of efficient procurement management, understanding the various types of procurement reports becomes paramount. These reports serve as navigational tools, offering insights into different facets of the procurement process. Download Free Purchase Order (PO) Report 2.

Supply Chain Efficiency 21

Supply Chain Efficiency Purchase orders Procurement Bidding 21

Supply Chain Game Changer

JANUARY 21, 2020

Below I’d like to take a deeper dive into 3 particular processes in modern procurement, that are increasingly hot topics, but are causing confusion and ambiguity; especially considering they are processes that are becoming heavily impacted by emerging technology. Supplier Relationship Management. Source: CIPS.

Procurement 87

Procurement Supplier relationship management Eprocurement Supply Chain Efficiency 87

Claritum

OCTOBER 30, 2017

These organisations range from small businesses providing a simple buying service, BPOs managing an outsourced purchasing service through to global multinationals with hundreds of sourcing professionals across many continents and a wide range of service offerings. Inefficient buying processes.

Buying process 32

Buying process Bidding Buyers Competitive bidding 32

Arkestro

MARCH 13, 2023

Thomas Perkins – Purchasing Manager The Challenge Create a more efficient RFQ process for large-scale mining equipment & identify cost-savings opportunities To power its production, Searles Valley Minerals needs to source a large quantity of equipment such as 6 miles worth of pipe, in addition to valves and fittings.

Bidding 52

Bidding Procurement Buyers Buying process 52

Supply Chain Game Changer

SEPTEMBER 29, 2020

Featuring Our 10 Best Inventory Management Articles! Inventory management is a critical area for most companies. Despite these devastating and far reaching implications of poor inventory management too often this area is not given the respect and attention that it deserves. Raw Material Management. Subscribe Here!

Inventory 90

Inventory Raw materials Supply Chain Optimization Demand 90

The Thomas Blog

JULY 11, 2022

Evaluate: Streamline Supplier Discovery and Relationship Management Through Project Builder. Project Builder organizes all of your buying briefs into one convenient, simple-to-use application that summarizes your quote requests, corresponding supplier responses, and quoted prices for easy analysis and comparison.

Sourcing 52

Sourcing Buying process Suppliers Buyers 52

Skill Dynamics

FEBRUARY 2, 2023

Senior management: This group most likely approve the budget, so it’s imperative to get them onside. Middle management: This group often has a functional remit to drive efficiencies and increase top and bottom-line growth. Middle managers are responsible for enabling success within their teams.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Supply Chain Optimization Supply chain 52

Supply Chain Game Changer

JANUARY 30, 2020

We needed to be dramatically better at managing Inventory to convince ourselves, and our customers, that we were a trusted and leading Supply Chain Services partner. I met with the management team within my first week. I met with the management team within my first week. Could we double inventory turnover? The Approach. .

Inventory 61

Inventory Agile and Lean Supply Chain Supply Chain Optimization Replenishment ordering 61

Procurement Software

OCTOBER 3, 2023

First, let’s ask a simple question which is notoriously difficult for Procurement Manager to answer. But what we can definitely agree on is that the higher the number of suppliers you have, the more impossible it becomes to actively manage them. The same can be said for the approach to tail spend management. Do you even know?

Supplier consolidation 59

Supplier consolidation Suppliers Procurement Category management 59

Procurement Software

MAY 30, 2023

However, there has been a trend happening over the last 10 or so years to incorporate more indirect spend under the management of corporate procurement teams. Direct procurement teams tend to actively manage the supply base as a first point of contact. What percentage of your indirect spend is under management ?

Procurement 52

Procurement Procurement team Purchase orders Contract 52

Procurement Software

MAY 28, 2024

If you want to calculate your or your team members’ effective hourly rate, follow these simple steps: Let’s take an average Category Manager salary of $100,000. Your Category Managers are lavishly paid admin assistants for around half their working day, if you look at it in purely EHR terms. – their human capital.

Procurement 52

Procurement Category management Procurement team Real-time Visibility 52

Supply Chain Game Changer

AUGUST 26, 2021

If you were to extrapolate the lengths between each node, the 80/20 rule becomes more like the 95/5 rule – 95% of the buying process is in the hands of the supplier, and only 5% is in the hands of the customer’s order placement.

Supply Chain Visibility 103

Supply Chain Visibility Real-time Visibility e2e Agile and Lean Supply Chain 103

Claritum

NOVEMBER 16, 2018

The Hackett Group summarises this well“The leadership and management challenges to create awareness, get support, and galvanize all the necessary stakeholders required to shape a winning team for this multi-disciplined sport of procurement are daunting. Risk management and governance. Managing money well.

Procurement 69

Procurement Procurement team Supply Chain Efficiency Purchasing 69

Claritum

APRIL 5, 2019

Bath, UK (April 5th, 2019) – Claritum, a provider of cloud based spend management solutions, today announced that Print Strategy Europe had signed with Claritum for the supply of a solution for procurement of marketing promotional and print products. Claritum Article - Procurement Blog. Transactional procurement oversight.

Strategy 32

Strategy Buying process Quality Spend management 32

Zycus Cognitive Procurement

NOVEMBER 16, 2021

To answer this, I would like to quote Len Prokopets, Managing Director of KPMG’s procurement practice notes, most AI procurement solutions are “not reducing headcount, but driving improved results.”. With its out of the box intelligence, it is able to make cost management, compliance, checks, and controls simple and easy to use.

Procurement 40

Procurement Eprocurement Agile and Lean Supply Chain Supply Chain Efficiency 40

Supply Chain Game Changer

MAY 8, 2019

Below I’d like to take a deeper dive into 3 particular processes in modern procurement, that are increasingly hot topics, but are causing confusion and ambiguity; especially considering they are processes that are becoming heavily impacted by emerging technology. Supplier Relationship Management. Source: CIPS.

Procurement 50

Procurement Supplier relationship management Eprocurement Supply Chain Efficiency 50

Procurement Software

JULY 18, 2023

We also touch on a few more niche solutions for SMEs, for example project management software, supplier intake, accounts payable automation, “build-a-bot”, as well as a negotiation planning guidance tool. This is a great solution for either “lone ranger” procurement managers.

Purchasing 52

Purchasing Contract Negotiation Real-time Visibility 52

Zycus Cognitive Procurement

FEBRUARY 8, 2022

Consider yourself as a buyer with a need of some office supplies at your global headquarters; AI can assist your sourcing and procurement teams at every touchpoint in the procurement lifecycle, simplifying the buying process in the following ways-. 4 ) AI-powered Contract Management : . 6 ) AI-Powered Invoice Processing.

Procurement 40

Procurement Real-time Visibility Contract management Bidding 40

The Thomas Blog

JUNE 22, 2022

Today's buying process begins on the internet. Finance Managers. Innovative manufacturers and industrial companies use digital marketing to get more customers versus solely relying on traditional methods like in-person networking and trade shows. That means (at a minimum) you need a website that's up to date and modern.

Buyers 64

Buyers Real-time Visibility supply chain budgeting Supply Chain Efficiency 64

Supply Chain Game Changer

NOVEMBER 16, 2018

We needed to be dramatically better at managing Inventory to convince ourselves, and our customers, that we were a trusted and leading Supply Chain Services partner. I met with the management team within my first week. Raw Material Management. However review of the buying process showed that all parts were treated the same.

Inventory 43

Inventory Agile and Lean Supply Chain Supply Chain Optimization Replenishment ordering 43

Finale Inventory

JUNE 29, 2022

Causes like supply management, marketing strategies and planning are all things businesses should focus on to prevent surpluses and shortages as much as they can. Continue reading for more information about shortages and surpluses and how Finale Inventory’s scalable inventory management system can help your business thrive.

Inventory 52

Inventory supply chain software solutions Demand Price 52