Una

SEPTEMBER 6, 2022

Perhaps the size of your team has been reduced, your function’s operating budget has been cut, or there is an organization-wide drive to eliminate waste and increase efficiency. Running a procurement function on a tight budget. Eliminating waste; for example by reducing lengthy sourcing times.

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain supply chain budgeting Procurement Procurement strategies 98

IBM Supply Chain Blog

JULY 26, 2023

Zero-Based Budgeting (ZBB) is like solving a financial puzzle. Instead of relying on the previous year’s budget, ZBB requires you to evaluate and justify every expense from the ground up, justifying its necessity and alignment with strategic goals. Learn more about IBM Planning Analytics What is Zero-Based Budgeting?

Budget 56

Budget Data Cost optimization Collaboration 56

SCMDOJO

DECEMBER 29, 2022

Warehouse Automation Definition: Warehouse automation uses technology and automated systems to streamline inventory management, storage, and shipping. Automated warehouses reduce costs in labour and human error and enable businesses to serve their customers better. Limited Hardware Options.

Supply Chain Efficiency 72

Supply Chain Efficiency Supply Chain Optimization supply chain software solutions Warehouse operations 72

Supply Chain Opz

JUNE 1, 2014

Professionals in supply chain management use various methods to identify best practices to improve the operations. In order to accelerate the learning, this article has gathered 20+ most sought-after supply chain case studies, analyzed/categorized them by industry and the findings are presented.

Agile and Lean Supply Chain 95

Agile and Lean Supply Chain supply chain software solutions supply chain budgeting Supply chain 95

SCMDOJO

AUGUST 28, 2024

The evolution of warehousing has been a fascinating journey, mirroring the broader transformation of supply chains. Warehousing has undergone a dramatic transformation, evolving from a simple storage function to a critical strategic asset within the modern supply chain.

Real-time Visibility 98

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

ivalua

MAY 13, 2020

And procurement and supply chain is suddenly the top priority for organisations – “I’ve never seen a better opportunity in my life to elevate the stature of procurement”, he said. . But in a different vein, Dawn Tiura, founder of SIG (Sourcing Industry Group) spoke about leadership challenges in these “difficult times”, as we all say.

Leadership 26

Leadership supply chain budgeting Supply Chain Optimization Innovation 26

Finale Inventory

JUNE 21, 2024

This article aims to provide a comprehensive understanding of raw materials, including their definitions, formulas, types, and importance in the ecommerce industry. They are typically sourced from nature, such as minerals, metals, chemicals, or agricultural products.

Raw materials 52

Raw materials Import Supply Chain Efficiency Inventory 52

Finale Inventory

JUNE 21, 2024

This article aims to provide a comprehensive understanding of raw materials, including their definitions, formulas, types, and importance in the ecommerce industry. They are typically sourced from nature, such as minerals, metals, chemicals, or agricultural products.

Raw materials 52

Raw materials Import Supply Chain Efficiency Supply Chain Optimization 52

World of Procurement blog

JULY 27, 2021

The definition of Procurement is “the process or act of procuring”. We’d even go so far to say that the modern procurement pro doesn’t focus that much time on the actual buying, as roles have grown to focus on Supply Chain Management, Contract Management and Relationship Management. What would your own personal definition be?

Procurement 52

Procurement Procurement team supply chain budgeting Contract management 52

Spend Matters

AUGUST 8, 2023

Continuing our series of analyst observations on procurement tech market movements, this week we are considering the shift in CPO priorities towards supply-related risks. So, in 2022 our analysts pooled their knowledge of solution vendors that address third-party supply chain risk.

Risk management 98

Risk management Risk Management supply chain budgeting 98

SCMDOJO

APRIL 26, 2023

Now let us provide you with an apt Category Management definition. Category management is a strategic approach to procurement, as defined by the Chartered Institute of Procurement and Supply (CIPS). Sourcing decisions also play a role in the categorization of items or services. What will a Category Management plan entail?

Category management 108

Category management Management Supplier relationship management supply chain software solutions 108

SCMDOJO

JULY 3, 2023

Choose between a broad overview of procurement and a focused course that focuses on certain topics like strategic sourcing, contract management, or supplier relationship management. Take into account things like your current skill level, desired improvement areas, and professional objectives. Procurement and Purchasing Cycle Lesson 7.

Cost of ownership 98

Cost of ownership Procurement Category management supply chain software solutions 98

Let's Talk Supply Chain

JUNE 5, 2023

Today I’m joined by Logward , an exciting tech brand with a vision of a future where supply chain departments lead the transformation of their industries, instead of simply transporting it. What definitely has changed is the attention and the sense of urgency.” 18.22] The ideal customer for Logward.

supply chain budgeting 59

supply chain budgeting supply chain software solutions Supply Chain Optimization e2e 59

Supply Chain Game Changer

FEBRUARY 4, 2020

Subscribe to Supply Chain Game Changer. Quantum Leap to the Top 10 Supply Chain Skills of the Future! The phrase “Supply Chain Management” was originally coined by Keith Oliver in 1982 and subsequently gained increasing popularity as its usage was proliferated in books and language.

supply chain budgeting 67

supply chain budgeting supply chain software solutions Supply Chain Efficiency Supply chain 67

Finale Inventory

JULY 22, 2024

This article will cover SKU rationalization, including its definition, benefits, and practical examples in ecommerce. This approach helps businesses align their inventory with customer demand, reduce costs, and enhance overall operational efficiency, leading to improved profitability and customer satisfaction.

Inventory 52

Inventory Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 52

Procurement Tactics

JUNE 30, 2023

This will eventually cause a negative impact in the lumber industry as the supply chain is plenty while the demand is below average. Lumber Suppliers: 4 Key Considerations for Quality and Reliability When it comes to sourcing lumber for construction, woodworking, or DIY projects, selecting the right supplier is crucial.

Price 177

Price Suppliers Quality Negotiation 177

The Good Spending

AUGUST 23, 2022

This post attempts to provide the most comprehensive view on procurement value and practical methods of its realizations compared to many other web sources replicating slogans and mystifying logical and straightforward concepts. Therefore, we will give different definitions, not pretend to have found the unilateral value formula.

Procurement 98

Procurement supply chain budgeting Supply Chain Optimization Budget 98

The Good Spending

AUGUST 16, 2022

Why is supply chain collaboration essential? Once, I was asked what makes the supply chain important to a company. Shadow procurement, supply chain, and logistics have become standard for many companies. The supply chain is the most collaborative function in the business.

Supply Chain Efficiency 52

Supply Chain Efficiency Collaboration Supply Chain Optimization supply chain budgeting 52

Procurement Software

MARCH 7, 2023

Procure-to-Pay (P2P) and Source-to-Pay (S2P) are not just fancy acronyms used by consultants, procurement and finance professionals. Behind these terms are whole concepts of processes that manage how goods and services in your business are requested, sourced, received and paid. What steps are involved in Source-to-Pay?

Sourcing 64

Sourcing supply chain software solutions Procurement Agile and Lean Supply Chain 64

Finale Inventory

JULY 22, 2024

Anticipation inventory is a key element of supply chain management, where companies strive to balance having sufficient stock to meet customer demand while preventing unnecessary surplus that ties up capital. Supply chain management also plays a significant role. First, accurate sales forecasting is vital.

Inventory 52

Inventory Supply Chain Optimization Supply Chain Efficiency Demand 52

Supply Chain Game Changer

NOVEMBER 26, 2018

The concept of the “control tower” is increasingly becoming widespread in Supply Chain Management, and Control Tower technologies are a popular topic right within the supply chain community. Every research firm and vendor has their own definition, but all share the common theme of visibility.

Supply Chain Efficiency 53

Supply Chain Efficiency supply chain budgeting Real-time Visibility Supply Chain Optimization 53

Supply Chain Game Changer

JULY 30, 2019

Subscribe to Supply Chain Game Changer. But for those who are professionals working in the Supply Chain field there can be very unique distinctions in this terminology. ” That is the definition in a nutshell. Subscribe Here! Email Address. What’s the Difference Between Logistics and Distribution?

Logistics 72

Logistics Management Supply Chain Optimization Supply Chain Efficiency 72

Positive Purchasing

NOVEMBER 1, 2023

I have a healthy budget, but am struggling to find the right fit – what would you say to me? If you want a sourcing platform that also has a contract repository, you can select both and the website will show you anything that matches both of those criteria. A single source of truth – to capture your supplier data.

Procurement 111

Procurement supply chain budgeting Category management Budget 111

Procurement Tactics

SEPTEMBER 9, 2022

The History and Definition of the Kraljic Matrix. The purpose of why he created the Matrix was to help companies in maximizing supply security and reduce costs by using most of their purchasing power. Thus, using their time more effectively while minimizing supply risks in their organization. Who invented it?

supply chain budgeting 130

supply chain budgeting Purchasing Risk Market analysis 130

Supply Chain Game Changer

DECEMBER 9, 2020

Subscribe to Supply Chain Game Changer. Inventory management starts with the fundamental in and out of your supply chain. Effective inventory management reduces costs for you, and for the consumer means faster delivery and lower shipping charges. Subscribe Here! Email Address. Get Our EBOOK HERE.

Inventory 98

Inventory supply chain software solutions Management Supply Chain Optimization 98

Supply Chain Trend

JUNE 29, 2023

In two articles, based on the webinar “XP&A in action: Enhancing FP&A Agility with Supply Chain Planning” , I will discuss the future of xP&A and supply chain planning. Financial professionals are supported by cloud FP&A solutions to collaborate, budget, plan, and forecast.

Agile and Lean Supply Chain 60

Agile and Lean Supply Chain supply chain budgeting Supply chain Supply 60

Pipefy

MARCH 6, 2023

Supply chain interruptions, worker shortages, and rising inflation costs that emerged with the pandemic have forever changed the economic landscape. Build more efficient processes with the Definitive Guide to Workflow Management Download now What is operational efficiency? Learn more about process optimization.

Supply Chain Efficiency 52

Supply Chain Efficiency Strategy supply chain budgeting Supply Chain Optimization 52

Zycus Cognitive Procurement

DECEMBER 10, 2021

Advantage Source-to-Pay(S2P). The Source-to-Pay(S2P) process begins with identifying and evaluating relevant suppliers, contracting with those suppliers, placing orders, monitoring the supply of the ordered products and services, authorization, and the final release of payment. Learn More: Zycus Source to Pay Suite.

Sourcing 52

Sourcing e2e Contract supply chain budgeting 52

Pipefy

MAY 22, 2024

Not only does it help businesses better align goals with budgets, but it also helps anticipate any costs incurred during a product’s or service’s lifecycle. Find out why IT departments trust Pipefy Learn more The post Total Cost of Ownership (TCO): Definition, Components, and Examples appeared first on Pipefy.

Cost of ownership 52

Cost of ownership Purchasing supply chain software solutions Supply Chain Optimization 52

Procurement Heads

SEPTEMBER 6, 2023

The University of Bath was – and I think still is – a real centre of excellence for Procurement and Supply Chain. That’s something that has definitely stayed with me. You’re a strong proponent of diverse and sustainable supply chains. Could you tell us a bit about your career journey so far?

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Sustainability 130

IBM Supply Chain Blog

APRIL 19, 2023

Through the formation of this group, the Assessment Services division discovered multiple enterprise resource planning instances and payroll systems, a lack of standard reporting, and siloed budgeting and forecasting processes residing within a labyrinth of spreadsheets. It was chaotic.

Data 81

Data Budget Project management Risk 81

Supply Chain Game Changer

NOVEMBER 21, 2018

Check out 5 Seismic Shifts in Supply Chain Technology! Gil Press wrote “12 Big Data Definitions: What’s Yours?” The sources of data are vast and ever increasing which contributes to the increased volumes of data. doesn’t reside in a database) data sources all contribute to the amount of Big Data.

Data 61

Data e2e Supply Chain Efficiency Real-time Visibility 61

Procurement Software

DECEMBER 5, 2022

Procure-to-Pay (P2P) and Source-to-Pay (S2P) are not just fancy acronyms used by consultants, procurement and finance professionals. Behind these terms are whole concepts of processes that manage how goods and services in your business are requested, sourced, received and paid. What steps are involved in Source-to-Pay?

Sourcing 52

Sourcing supply chain software solutions Procurement Agile and Lean Supply Chain 52

Supply Chain Collaborator

MAY 23, 2018

Supply chain management leaders, especially in transportation, are under heavy fire from CFOs for the dramatic increases in freight spend that are eroding the profitability of shippers in every industry. Reduce Carrier Overcharges via Better Settlement Controls. What the hell is going on over there in transportation?!”

Supply Chain Efficiency 17

Supply Chain Efficiency supply chain budgeting Freight Audit Logistics 17

Supply Chain Game Changer

NOVEMBER 13, 2018

As companies seek to discover ways to increase overall excellence and competitiveness, a new source of value has emerged – Strategic Sourcing. What is Strategic Sourcing? The fundamental objective of any organisation is lowering the cost of goods manufactured. A Paradigm Shift in the Procurement Function.

Strategic sourcing 73

Strategic sourcing Strategic sourcing Procurement supply chain budgeting 73

Empowering CPO

JUNE 20, 2023

In the realms of procurement and supply chain management, spend analysis is a game changer. This includes: Data Collection and Cleansing: We gather your procurement data from various sources and ensure it’s clean, complete, and ready for analysis. Collect procurement data from all relevant sources within your organization.

Real-time Visibility 52

Real-time Visibility Data Purchase orders Supply Chain Efficiency 52

Una

JULY 6, 2022

The real value, however, and where you’ll truly benefit from working with a group purchasing organization like Una, lies beyond the initial cost savings. As a true sourcing accelerator , our goal is to become an extension of your procurement team. GPO Cost Savings Calculator Tool. Supply Chain Management.

Purchasing 92

Purchasing Category management Real-time Visibility Supply Chain Efficiency 92