Spend Matters

AUGUST 15, 2024

If a supplier portal wasn’t functioning, if a P2P system wasn’t correctly matching invoices with the proper Purchase Order or if data was inaccessible or missing, IT was often identified as the bottleneck. ’ To put it mildly, procurement and supply chain isn’t always IT’s top priority.

supply chain software solutions 105

supply chain software solutions Agile and Lean Supply Chain Supply Chain Efficiency Supply chain 105

Supply Chain Game Changer

SEPTEMBER 29, 2020

The global Inventory management business processes that we focussed on made phenomenal improvements: Supply/Demand Planning. The gap in our ERP planning between demand and supply was reduced by 85%, resulting in a significant reduction in over ordering. Raw Material Management. Excess and Obsolete Inventory.

Inventory 90

Inventory Raw materials Supply Chain Optimization Demand 90

World of Procurement blog

MAY 8, 2024

Procurement differs from purchasing in a few key ways: Strategic focus : Procurement has a strategic, long-term focus on analyzing spend, reducing costs, managing supplier relationships, and mitigating risk. Purchasing is more transactional and tactical. Purchasing focuses specifically on the buying transaction.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Empowering CPO

JUNE 27, 2023

By analyzing historical spending data, organizations can uncover insights such as: Seasonality: Understanding seasonal fluctuations in spending allows organizations to optimize procurement strategies and negotiate better deals during off-peak periods.

Procurement 40

Procurement Supply Chain Optimization Supplier consolidation Suppliers 40