SCMDOJO

FEBRUARY 26, 2025

Inventory Holding Costs vs. Stock Turnover Warehousing and inventory management involve costs related to storage, depreciation, and obsolescence. CPI can help track whether inventory costs are justified by the value generated through stock turnover. al, negotiating better rates , or consolidating shipments.

supply chain budgeting 52

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

ivalua

JULY 11, 2022

New release features AI-powered contract management, more seamless messaging and communications, supplier risk and performance enhancements and procure-to-pay efficiency . AI-powered contract management. On the AI front, Ivalua enhanced its leading CLM solution with AI-Powered Contract Data Capture.

Supply chain resilience 130

Supply chain resilience Collaboration Supply Chain Efficiency supply chain budgeting 130

The Good Spending

APRIL 2, 2023

When discussing value generation , we mainly mention category management, stakeholder relationships, and supplier innovation. To do that, we must establish trustful relations with budget owners, master some inventory and consumption forecasting methods, build and maintain complex SKU and price databases, and much more.

Procurement 98

Procurement Demand Planning Budget Category management 98

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. Procurement management tools offer features that enable businesses to track supplier performance, manage communications, and evaluate vendor reliability.

supply chain software solutions 40

supply chain software solutions Supply Chain Efficiency Management Procurement 40

ContractSafe

JUNE 18, 2024

In the bustling aisles of the retail world, every agreement — from supplier deals to your inventory management SaaS contract — has an impact on your business.

Contract management 40

Contract management Contract Management Inventory 40

Jaggaer

APRIL 9, 2025

Inventory Management – AI optimizes inventory levels by analyzing vast amounts of data to predict stock needs, automate replenishment, and improve supply chain efficiency. AI enhances just-in-time (JIT) manufacturing by synchronizing inventory with real-time production needs.

Strategy 52

Strategy Supply Chain Optimization Supply Chain Efficiency Quality 52

Jaggaer

FEBRUARY 5, 2025

Negotiation & Contract Award – Once a supplier is selected, the process of finalizing the award and drawing up the contract begins. Contract management systems often play a role in this stage by helping to standardize and streamline the creation of contracts based on the awarded terms.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Strategy 52

Procurement Templates

JUNE 18, 2023

Contract management: Effective contract management is vital to monitor and enforce agreed-upon pricing and terms. Procurement should regularly review contracts, track performance, and address any deviations promptly. Risk management: Implement robust risk management practices that address inflation-related risks.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

Jaggaer

FEBRUARY 20, 2025

Contract management: Now that youve identified the optimum combination of direct and indirect suppliers you face the task of negotiating contracts and then monitoring and ensuring adherence. Supply chain collaboration: You identified key suppliers in the strategic sourcing activities.

Sourcing 52

Sourcing e2e Supply Chain Efficiency Strategic sourcing 52

SCMDOJO

APRIL 29, 2024

Warehousing: Warehousing involves the storage and management of inventory. It also involves inventory management, order fulfillment, and monitoring stock levels. Transportation: Transportation plays a pivotal role in supply chain management.

Supply chain management 98

Supply chain management Supply chain management Agile and Lean Supply Chain supply chain budgeting 98

SCMDOJO

APRIL 22, 2022

NFTs create metadata for every product in the system, and the managers can have a real-time location of any product at any time. The tokenization system will also improvise how inventories are managed in the supply chain. Reference Guide: Excess and Obsolete Inventory Policy Guide. Challenges .

Supply Chain Efficiency 137

Supply Chain Efficiency Supply chain Real-time Visibility Supply 137

Procurement Heads

DECEMBER 15, 2022

I took a job at Digital, which became Compaq and Hewlett Packard, in the supply chain team, managing the inventory for the organisation. Also, a lot of contract management and supplier relationship management.

Sustainability 130

Sustainability Supplier relationship management Contract management Procurement 130

Procurement Express

DECEMBER 31, 2024

Plus, all documents (asset management, HR data, inventory management, and so forth) are kept in a secure and centralized hub, ensuring that data is correct, up to date, and compliant. Fishbowl Inventory Source Fishbowl is an inventory management system built for manufacturers that order a lot of raw materials.

supply chain software solutions 40

supply chain software solutions Purchase orders Procurement Real-time Visibility 40

SCMDOJO

APRIL 11, 2023

It covers the basics of procurement, including procurement strategies, contract management, and supplier selection. You’ll also learn about supply chain management and the various stages of the procurement process. The course is designed to be interactive, engaging, and easy to follow.

Supply chain management 116

Supply chain management Supply chain management supply chain software solutions Supply chain 116

Skill Dynamics

FEBRUARY 13, 2025

Professionals now need to look beyond merely negotiating contracts and look to develop long-term partnerships that align well with company goals. For example, developing demand forecasting skills will enable your organization to optimize inventory levels, ensuring demand is always met without the risk of overstocking.

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain Supply chain 52

Procurement Tactics

JULY 2, 2023

They shall ensure that a documented record of the procurement procedure, which can be vital for audits, contract management, and law enforcement purposes, is kept. Softwares Available for Creating and Managing Job Orders 1. Coupa Coupa offers a feature specifically designed for creating and managing job orders.

supply chain budgeting 184

supply chain budgeting Supply Chain Efficiency Negotiation Budget 184

SCMDOJO

DECEMBER 11, 2023

Inventory Ageing Report: An “Inventory Ageing Report” is a specialized procurement report that provides a detailed analysis of the age distribution of goods or materials held in an organization’s inventory. Date of Entry: Records the date when each item entered the inventory. Download Free GRN Report 6.

Supply Chain Efficiency 21

Supply Chain Efficiency Purchase orders Procurement Bidding 21

Procurement Software

MAY 16, 2023

The software automates workflows and approvals, manages supplier catalogues, and provides real-time analytics for better decision-making. The module also includes features such as contract management, invoice processing, and payment processing. Case studies on their website showcase integration with SAP specifically.

Procurement 96

Procurement Purchase orders Real-time Visibility Purchasing 96

Spend Matters

DECEMBER 21, 2023

AI can help create greater efficiency and value across all source-to-pay processes, including spend analysis, opportunity identification, sourcing and contract management, category management, supply relationship management and risk management.

Procurement solutions 110

Procurement solutions Procurement e2e Real-time Visibility 110

Procurement Insights

MARCH 27, 2025

ERP, inventory), AdaptOnes platform can integrate via APIs to ensure procurement data flows seamlessly. Integration with Existing Systems If Byrne Dairy uses Oracle WMS (LogFire) or other systems (e.g., Impact: Centralized procurement ecosystem, data consistency, and reduced duplication.

Real-time Visibility 52

Real-time Visibility e2e Suppliers Supply Chain Efficiency 52

Jaggaer

OCTOBER 24, 2024

Collaboration across Tier 1, Tier 2, Tier 3, and beyond requires visibility and communication regarding capacity, cost, risk, order quantities, inventory levels, quality , timelines, logistics, and more. Tier 1 suppliers and their suppliers—and their suppliers’ suppliers—make up an organization’s multi-tier supply chain.

Collaboration 52

Collaboration Supply Chain Efficiency Suppliers Real-time Visibility 52

World of Procurement blog

APRIL 23, 2024

Contract Management : Navigating, drafting, and managing contracts with vendors. Project Management : Leading procurement projects from inception to completion. Stakeholder Management : Effectively engaging with all stakeholders to align procurement strategies with business objectives.

Ethics 52

Ethics Procurement Supplier relationship management Market knowledge 52

World of Procurement blog

APRIL 23, 2024

Contract Management : Navigating, drafting, and managing contracts with vendors. Project Management : Leading procurement projects from inception to completion. Stakeholder Management : Effectively engaging with all stakeholders to align procurement strategies with business objectives.

Ethics 52

Ethics Procurement Supplier relationship management Market knowledge 52

Planergy

MARCH 19, 2025

Contract Management A well-structured contract clearly defines both parties’ roles, responsibilities, terms, and deliverables. Setting clear expectations with contracts allows you to avoid misunderstandings about product specifications, delivery timelines, and payment terms.

Suppliers 52

Suppliers Management supply chain budgeting Supply Chain Efficiency 52

Procurement Insights

MARCH 25, 2025

ERP, inventory), AdaptOnes platform can integrate via APIs to ensure procurement data flows seamlessly. Integration with Existing Systems If Byrne Dairy uses Oracle WMS (LogFire) or other systems (e.g., Impact: Centralized procurement ecosystem, data consistency, and reduced duplication.

Real-time Visibility 60

Real-time Visibility e2e Suppliers Contract 60

Supply Chain Game Changer

MARCH 9, 2022

Often operational purchasing managers work to improve delivery management, contract management, and managing any criticisms. Operational procurement bears a reactive outlook concerning the purchase of materials and supplies, employing fast quote and order processes to persist in running smoothly.

Procurement 108

Procurement Supply Chain Efficiency Supply Chain Optimization supply chain budgeting 108

Una

SEPTEMBER 27, 2022

Take inventory of your IT. Unfortunately, IT inventory management gets more complex each passing year. IT inventory lists should account for not only individual items but also how old they are. They worry about financial things like market share, staff productivity, inventory, and payroll. If not, ADJUST! .

Budget 97

Budget Inventory Contract Purchasing 97

SCMDOJO

NOVEMBER 17, 2023

Best Practices like Logistics KPI Dashboard , Inventory Optimization Tool , Excess and Obsolete Inventory Guide , etc. Inventory Management & Optimization: Managing inventory as working capital, focusing on demand planning, optimization, safety stock management, and meeting customer service expectations.

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency Supply chain 98

World of Procurement blog

APRIL 23, 2024

Strategic sourcing and cost management are integral parts of this phase to ensure the company remains cost-efficient and competitive. Supply Chain Management in Contract Management Supply chain management in contract management involves drafting agreements that govern the terms of engagement with suppliers, vendors, and other partners.

Supply chain management 52

Supply chain management Supply chain management Supply Chain Efficiency Supply Chain Optimization 52

World of Procurement blog

APRIL 23, 2024

Strategic sourcing and cost management are integral parts of this phase to ensure the company remains cost-efficient and competitive. Supply Chain Management in Contract Management Supply chain management in contract management involves drafting agreements that govern the terms of engagement with suppliers, vendors, and other partners.

Supply chain management 52

Supply chain management Supply chain management Supply Chain Efficiency Supply Chain Optimization 52

Zycus Cognitive Procurement

FEBRUARY 2, 2021

Contract management and e-procurement are other immediate areas of transformational interest for enterprises. Why Contract Management? 2) AI can reorder commodities according to inventory. 6) AI can monitor standard contract forms. 4) AI can confirm Goods Receipt and generate invoices for payment.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply chain Contract management Contract 52

IBM Supply Chain Blog

FEBRUARY 28, 2024

For example, blockchain-backed contract management, when combined with automation, creates efficiencies and offers a high level of security. Blockchain technology ensures that it’s stored, accessed and shared quickly, accurately and transparently.

Sourcing 94

Sourcing Strategy Supply Chain Efficiency e2e 94

Procurement Software

JANUARY 12, 2025

Glide is ideal for creating tools like inventory trackers, employee directories, or event planners, making it accessible for individuals and organisations alike. Examples of procurement tools in Bubble: Internally Hosted e-Procurement Catalogues Contract Management System Supplier Quality Management (SQM) Tracker 8.

Procurement 52

Procurement Purchase orders Collaboration Project management 52

Procurement Tactics

AUGUST 31, 2022

Coupa is known for managing any type of goods and services in the supply chain and procurement. It offers a great experience for organizations and suppliers to digitize guided buying, contract management, inventory management, budget approval, and fraud prevention. Frequently asked questions. What is e-invoicing?

supply chain software solutions 130

supply chain software solutions supply chain budgeting Procurement Supply Chain Efficiency 130

ivalua

JANUARY 24, 2022

Reaching those key suppliers, accurately assessing inventory, and making that data visible to stakeholders via a high level of integration is imperative for successful supply chain forecasting. Offering kickstart packages, you can mobilize and deploy sourcing or contract management in less than four weeks.

Data 130

Data Real-time Visibility Procurement Supply Chain Efficiency 130

World of Procurement blog

APRIL 23, 2024

Contract Negotiation: Negotiating contracts to secure advantageous terms on behalf of their company. Inventory Management: Collaborating with inventory managers to ensure stock levels are maintained and not overstocked, which can lead to increased costs.

supply chain budgeting 52

supply chain budgeting Management Procurement Chief Procurement Officer 52

World of Procurement blog

APRIL 23, 2024

Contract Negotiation: Negotiating contracts to secure advantageous terms on behalf of their company. Inventory Management: Collaborating with inventory managers to ensure stock levels are maintained and not overstocked, which can lead to increased costs.

supply chain budgeting 52

supply chain budgeting Management Procurement Chief Procurement Officer 52