Spend Matters

AUGUST 15, 2024

Bad Practice 3: Replacing over-reliance on legacy tech vendors with a resilient approach Supply chain managers recognize dual sourcing for critical materials and parts as an essential resiliency practice. This dependency also fosters complacency among legacy tech vendors, hindering innovation and regular updates.

supply chain software solutions 115

supply chain software solutions Agile and Lean Supply Chain Supply Chain Efficiency Supply chain 115

World of Procurement blog

MAY 8, 2024

It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations. Sourcing : Procurement uses competitive bidding, e-sourcing, and supplier development. What is Procurement?

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

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. Delivery Conditions. Raw Material Management.

Inventory 90

Inventory Raw materials Supply Chain Optimization Demand 90

Empowering CPO

JUNE 27, 2023

With this knowledge, organizations can foster stronger relationships, negotiate favorable contracts, and collaborate more effectively with suppliers to drive innovation and continuous improvement. The first component involves collecting data from various sources, such as procurement systems, invoices, contracts, and financial records.

Procurement 40

Procurement Supply Chain Optimization Supplier consolidation Suppliers 40