Jaggaer

FEBRUARY 5, 2025

Strategic Sourcing Success: Best Practices and Key Strategies Of course, there are many definition s of source-to-pay but put simply, strategic sourcing is a data-driven approach to securing the best value for your organization from its strategic suppliers. emergency purchases and b.) How Has Strategic Sourcing Evolved?

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing supply chain software solutions 52

Procurement Tactics

DECEMBER 21, 2022

Supply chain collaboration is definitely new to many newcomers in the supply chain industry. After taking the time to read this article, you will have a deeper understanding of what supply chain collaboration is all about. It may take a lot of time and effort to overcome the initial problems and make the collaboration work.

Collaboration 199

Collaboration Supply Chain Optimization Supply Chain Efficiency Supply chain 199

Supply Chain Collaborator

SEPTEMBER 14, 2015

This post puts some definition around omni-channel retail selling and discusses the implications for logistics and transportation management. This includes new and exceptionally convenient ways of shopping and buying like: Buying online and picking their purchases up in the store (think: Walmart, BestBuy and others).

Real-time Visibility 79

Real-time Visibility Logistics Supply Chain Efficiency Inventory 79

Finale Inventory

JULY 16, 2024

It refers to a specific inventory management process that can streamline operations, save time, and improve efficiency. This article examines the intricacies of backflushing, covering its definition, role in ecommerce, processes, benefits, common misconceptions, and how to implement it in your own business.

Raw materials 52

Raw materials Inventory Real-time Visibility supply chain software solutions 52

Pipefy

FEBRUARY 3, 2023

Invoices provide procurement teams the ability to leverage information from past purchases to better inform future purchases. Build a better invoice processing workflow with The Definitive Guide to Workflow Management Download now What is automated invoice processing?

e2e 59

e2e Management Purchase orders Real-time Visibility 59

SCMDOJO

MARCH 25, 2022

Although logistics represents a whole system of space/time interdependencies, we believe that the discussion of its history and its chronological evolution still requires extensive studies to explore its origin and its advance in time, from a new point of view. Reminder of Key Definitions – Logistics & Supply Chain Management.

Supply Chain Efficiency 138

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization Logistics 138

Finale Inventory

JULY 15, 2024

One inventory management strategy that has gained significant popularity is Just in Time (JIT) inventory. In this article, we will examine the concept, benefits, potential challenges, and future trends of JIT inventory in the context of ecommerce in 2024. Continuous Improvement: JIT inventory is not a one-time solution.

Inventory 52

Inventory Agile and Lean Supply Chain Supply Chain Efficiency Real-time Visibility 52

Pipefy

JULY 24, 2024

The common consequences are excessive errors and rework, decreasing process lead time, productivity, and employee engagement. This translates into time savings and allows employees to focus on high-priority activities. According to a Metrigy Study , 67% of users who embraced CPaaS had a revenue increase of up to 28.5%.

Strategy 52

Strategy Real-time Visibility e2e Purchase orders 52

Procurement Software

MAY 16, 2023

The European Union takes a very similar definition. Onventis Onventis provides a Procure-to-Pay module for buyers that streamlines the procurement process from purchasing to payment. The software automates workflows and approvals, manages supplier catalogues, and provides real-time analytics for better decision-making.

Procurement 96

Procurement Purchase orders Real-time Visibility Purchasing 96

Finale Inventory

JULY 22, 2024

Additionally, anticipation inventory acts as a strategic tool for businesses to capitalize on emerging trends and seasonal variations. By analyzing consumer behavior and purchasing patterns, companies can align their inventory levels with expected demand, positioning themselves for success in changing market conditions.

Inventory 52

Inventory Supply Chain Optimization Supply Chain Efficiency Demand 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

Finale Inventory

JUNE 29, 2022

Continue reading for more information about shortages and surpluses and how Finale Inventory’s scalable inventory management system can help your business thrive. It is important for businesses to have a system that predicts the demand they will experience over a certain period of time based on data and trends.

Inventory 52

Inventory supply chain software solutions Demand Price 52

Pipefy

DECEMBER 6, 2023

Businesses use workflows to complete most tasks, from entering a purchase order to manufacturing goods and delivering a service. Visibility Each step in a workflow should be visible. Visibility is an attribute that benefits process owners, employees, and customers. Deadlines, therefore, are a good measure of efficiency.

Real-time Visibility 52

Real-time Visibility e2e Data Strategy 52

Pipefy

MAY 21, 2024

Specific SLM processes include the definition of service and the levels of those services needed to meet an organization’s predefined requirements. CM can thus play a key role in extending the lifespan of existing assets and delaying the purchase of expensive upgrades.

Real-time Visibility 52

Real-time Visibility Data Management Quality 52

Pipefy

JANUARY 5, 2024

In the realm of business process management, it’s a solution that many organizations are adopting to address business challenges caused by rework, errors, and time-consuming and inefficient manual workflows. But imagine the time savings of 15 employees newly relieved of sending 10 confirmation emails per day.

Real-time Visibility 52

Real-time Visibility Price Data e2e 52

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. The European Union takes a very similar definition.

Purchasing 52

Purchasing Contract Negotiation Real-time Visibility 52

Empowering CPO

JUNE 20, 2023

Spend analysis, an often overlooked yet critical component of procurement, is all about extracting those stories from stacks of invoices, purchase orders, and contracts. For instance, let’s look at a real-world example. Data Classification: After the data is cleaned, it’s time to classify it.

Real-time Visibility 52

Real-time Visibility Data Purchase orders Supply Chain Efficiency 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. And there is nothing wrong with that.

Supply Chain Optimization 82

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

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

The Network Effect

DECEMBER 4, 2015

Best Buy – The one-time poster child victim of show rooming, has fought back admirably with sound omnichannel strategies and tactics embracing today’s retail realities. Sephora – Uses real-time store inventory visibility through website to incentivize store visits, as well as online purchases.

Real-time Visibility 40

Real-time Visibility Ethics Strategy Networking 40

Procurement Software

MARCH 11, 2022

And yet, especially in many manufacturing industries, goods and services purchased from external suppliers can account for 60% of a company’s revenue. This can definitely save a lot of manual work. The person classifying the data needs input from someone with a deep understanding of the goods and services being purchased.

supply chain software solutions 52

supply chain software solutions Real-time Visibility Category management Data 52

Procurement Software

MARCH 11, 2022

And yet, especially in many manufacturing industries, goods and services purchased from external suppliers can account for 60% of a company’s revenue. This can definitely save a lot of manual work. The person classifying the data needs input from someone with a deep understanding of the goods and services being purchased.

supply chain software solutions 52

supply chain software solutions Real-time Visibility Category management Data 52

Pipefy

FEBRUARY 13, 2023

Build better workflows with the Definitive Guide to Workflow Management Download now What is procurement? Procurement is the process businesses use to source and obtain goods/services from external suppliers to achieve strategic objectives and fulfill business needs or purchase requests. Is acquisition part of procurement?

Real-time Visibility 52

Real-time Visibility e2e Procurement Bidding 52

Planergy

MARCH 10, 2025

Helping organizations spend smarter and more efficientlyby automating purchasing and invoice processing. How to gain visibility and control of your indirect spend. Standardizing formats, labels, and definitions across all data sets prevents these issues. What's PLANERGY? Modern Spend Management and Accounts Payable software.

Data 52

Data Management Budget Real-time Visibility 52

SCMDOJO

NOVEMBER 24, 2023

Read more about Warehouse Automation: Definition, Benefits and Issues at our Website SCM DOJO What is a Warehouse Management System (WMS)? A warehouse management system is a software solution that provides transparency and visibility to the entire warehouse operations. Additionally, the inventory is updated on a real-time basis.

Supply Chain Efficiency 96

Supply Chain Efficiency supply chain software solutions Real-time Visibility Supply Chain Optimization 96

Supply Chain Game Changer

MAY 5, 2020

The pandemic has made this a very real concern for everyone. What are some cash management tips to help businesses manage their cash flow at this critical time? If you don’t have cash coming into the company, while at the same time cash is leaving your company, most companies will run of out of cash really fast.

Management 85

Management Real-time Visibility Raw materials Inventory 85

IBM Supply Chain Blog

SEPTEMBER 20, 2021

Just-in-time (JIT) became an artform and masters of the practice achieved new levels of precision. The time has come to change the maniacal focus on efficiency for one that balances both efficiency and resilience. Take out too much inventory, and you add risk. In short, we need to rethink what JIT means and the trade-offs.”

Supply chain resilience 52

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

Pipefy

JANUARY 9, 2023

Build better P2P processes with the Definitive Guide to Workflow Management Download now. Among global workers, stress has (once again) reached an all-time high. This presents a very real economic cost for companies already faced with a lack of procurement resources. Complex purchasing systems (31%).

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Procurement Procurement team Supply Chain Efficiency 59

Procurement Software

OCTOBER 1, 2024

Procurement, or purchasing as it was usually called back then, was definitely a back office function. These applications usually also have shorter implementation times, and therefore, faster ROI. They’re often brought in to digitise and automate the more tactical purchasing and buying tasks. Pretty slides are just that.

Procurement 52

Procurement Procurement team Influencing Real-time Visibility 52

Pipefy

AUGUST 18, 2023

Process discovery includes the identification and definition of activities and tasks comprising a process; its purpose is to make all stages in a process visible in order to ensure clear responsibility for each of those phases. These inefficiencies lose hours and money that can add up to huge amounts of waste over time.

Import 52

Import Real-time Visibility e2e Data 52

Procurement Software

MARCH 11, 2022

Purchase to pay software with a mobile-first interface that busy stakeholders actually enjoy using. Supplier collaboration portals to drive innovation and real time project management without email or spreadsheets. Supplier collaboration portals to drive innovation and real time project management without email or spreadsheets.

supply chain software solutions 52

supply chain software solutions Procurement Real-time Visibility Raw materials 52

Procurement Software

MARCH 11, 2022

Purchase to pay software with a mobile-first interface that busy stakeholders actually enjoy using. Supplier collaboration portals to drive innovation and real time project management without email or spreadsheets. Supplier collaboration portals to drive innovation and real time project management without email or spreadsheets.

supply chain software solutions 52

supply chain software solutions Procurement Real-time Visibility Raw materials 52

Pipefy

JUNE 14, 2023

Key takeaways Spend data is the information related to a company’s spending, specifically goods and services purchased from external suppliers or vendors. Visibility into procurement categories and effective management of categories fosters benefits like greater risk management and less costly supplier redundancies. What is spend data?

e2e 52

e2e Real-time Visibility Contract Procurement team 52

IBM Supply Chain Blog

JULY 5, 2023

From a wastewater treatment plant that an entire city depends on to a smaller-sized transportation company expected to provide timely deliveries, businesses of all sizes rely on the assets and equipment they own to create value every day. A digital twin is a virtual representation of an asset that a company intends to purchase.

Strategy 52

Strategy Real-time Visibility Management Data 52

Pipefy

MAY 5, 2023

Manual invoice approval workflows are inefficient and time-consuming, they lack control and transparency for teams, and are expensive and error-prone. Create a more efficient invoice approval workflow with The Definitive Guide to Procure-to-Pay Optimization Download free guide What is the invoice approval workflow?

e2e 52

e2e Real-time Visibility Purchasing Procurement 52

Empowering CPO

JUNE 27, 2023

This includes all expenditure data from different sources across an organization, such as invoices, purchase orders, and credit card transactions. This is where the real magic happens. By identifying inefficiencies, companies can streamline their procurement processes, resulting in time and cost savings.

Real-time Visibility 52

Real-time Visibility Supply Chain Optimization Purchase orders Supply Chain Efficiency 52

Supply Chain Game Changer

NOVEMBER 25, 2018

Real-time Visibility. We’re moving towards a supply chain which is fully transparent and trackable in real-time. On the other hand, customers are always aware of the status of their purchase and have the ability to interact with their driver directly if need be. Conquering the Last Mile.

Logistics 58

Logistics Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization 58