Procurement Tactics

JUNE 19, 2023

In this article, we will explore the role of AI in logistics, discuss its importance, and the best practices for implementing AI in logistics. Artificial intelligence is being used to automate routine and time-consuming work in warehouses such as packing and sorting of goods which helps to improve efficiency, reduce errors and costs.

Logistics 193

Logistics supply chain budgeting supply chain software solutions Real-time Visibility 193

Let's Talk Supply Chain

DECEMBER 16, 2024

Today Tom Burke, Portfolio Product Manager at CargoWise Landside, joins me to talk all about how drayage rating and quoting best practices can improve supply chain management, visibility, and logistics execution. 32.52] How DrayMaster can help truckers to reduce quote turnaround times by up to a huge 95%.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Real-time Visibility Supply chain management 52

Procurement Express

MARCH 14, 2025

Benefits of using purchasing software Managing purchase orders manuallyor relying solely on QuickBookscan lead to approval bottlenecks, overspending, and a lack of real-time visibility into company spending. No one has time to manually match invoices to purchase orders and receipts. But not all tools are created equal.

Real-time Visibility 52

Real-time Visibility Purchase orders Procurement Budget 52

Procurement Tactics

MAY 22, 2023

The goal of integrated logistics is to optimize the entire supply chain by minimizing costs, improving efficiency, and ensuring timely delivery of products to customers. Improved operations Sharing performance data in real-time among various departments within logistics organizations can enhance operational efficiencies.

Logistics 207

Logistics supply chain software solutions supply chain budgeting Supply Chain Optimization 207

Procurement Insights

MARCH 25, 2025

ANSWER #1 AdaptOne could provide significant value to Byrne Dairy , a food and beverage company, by optimizing and digitizing its procurement operations particularly in supplier management , compliance tracking , and procurement workflow visibility. Here’s how: 1.

Real-time Visibility 60

Real-time Visibility e2e Suppliers Contract 60

Supply Chain Game Changer

SEPTEMBER 30, 2022

Greater Information Visibility. Improved visibility is guaranteed when opting for cloud storage solutions because data is updated in real-time. Automating the procurement cycle will also free teams to work on more important segments of the business. The post The Importance of Cloud Storage in Supply Chain!

Supply Chain Efficiency 112

Supply Chain Efficiency Agile and Lean Supply Chain supply chain software solutions Supply Chain Optimization 112

Spend Matters

FEBRUARY 27, 2025

Spend Matters has been speaking with procurement practitioners and solution providers to get a wide view of how procurement and digital transformation is happening in the real world. And in the real workplace, thats where those decisions come from rather than procurement itself. Her first piece of advice would be: Dont. Not yet anyway!

Procurement 73

Procurement Real-time Visibility Change management Data 73

Jaggaer

DECEMBER 5, 2024

A recent report by Maersk and Reuters Events highlights that 68% of companies are making supply chain visibility and monitoring solutions a top priority. The Visibility Challenge: Why Seeing Clearly Matters A major insight from the report is the visibility gap, particularly with tier 2 and tier 3 suppliers.

Supply Chain Efficiency 52

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

SCMDOJO

AUGUST 28, 2024

Inventory management was rudimentary, often relying on manual processes and paper-based systems. This approach limited visibility and control over stock, leading to inefficiencies and potential stockouts. Minimizing waste, optimizing energy usage, and utilizing sustainable practices are increasingly important.

Real-time Visibility 98

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

Procurement Tactics

MAY 31, 2023

First Name Email Download 51 Prompts →  Or receive our famous weekly newsletter Inventory Control — What You Should Know Inventory control allows businesses to ensure that the right amount of supply is available to meet the customers’ demands. In this article, we will discuss what inventory control is. Why is it Important?

Inventory control 174

Inventory control Inventory Real-time Visibility supply chain budgeting 174

Planergy

MARCH 11, 2025

The seamless connection allows for automated invoice scanning, approval workflows, and real-time spend visibility. Managing accounts payable is one of the most important tasks for any business. In todays economic fluctuations, controlling, tracking, and reporting on company spending has never been more important.

Real-time Visibility 52

Real-time Visibility Purchase orders Purchasing Export 52

Spend Matters

FEBRUARY 25, 2025

Time and resources can also be a stopping point. Add to that lack of water-tight contracts, badly negotiated terms, money leakage, non-compliance Yet at the end of the day, its the business that has the most to gain: getting rid of inefficient manual data processes and paper-based comms trails, gaining visibility and reducing risk.

Real-time Visibility 113

Real-time Visibility e2e Procurement Negotiation 113

Procurement Tactics

JULY 23, 2023

Additionally, we will discuss how it works and its importance in e-commerce. The main goal of last mile logistics is to ensure that goods or services ordered by customers are delivered efficiently and on time. This tracking system enables real-time updates on the shipment’s whereabouts and estimated delivery time.

Logistics 209

Logistics Supply Chain Efficiency Supply Chain Optimization Real-time Visibility 209

ivalua

JANUARY 13, 2021

– Spend control through real-time visibility into budget consumption, negotiated prices, preferred suppliers, engagement channels. – Process efficiency with reduced cycle times and considerably decreased errors or fraud opportunities. – Results : 30% decrease of process time.

Eprocurement 235

Eprocurement Real-time Visibility Purchase orders Budget 235

Una

AUGUST 17, 2022

This is where strategic sourcing professionals spend most of their time, communicating directly with their top suppliers through an SRM program , and using cutting-edge procurement software to analyze spend and track risk. Looking beyond cost, the strategic importance of a supplier can be determined by: Risk to the organization.

Real-time Visibility 98

Real-time Visibility Spend management Procurement team Purchasing 98

ivalua

JUNE 29, 2020

I have some real context of this, living in NYC and having a family member that works at a hospital. While it is a difficult time, you have to also applaud the heroic efforts of this industry as a whole. Across this supply chain there is typically a lack of visibility due to siloed information and data.

Agile and Lean Supply Chain 219

Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency Supply chain 219

Procurement Tactics

MAY 16, 2023

In a 4PL model, the external provider (also known as the lead logistics provider or LLP) manages and coordinates all aspects of the supply chain , including transportation, warehousing, inventory management, and distribution. This provider may also manage other third-party logistics (3PL) providers on behalf of the client company.

Logistics 211

Logistics supply chain budgeting Supply Chain Optimization Supply Chain Efficiency 211

Procurement Express

FEBRUARY 28, 2025

But to do that effectively, you need the right tech stack to streamline processes, automate tedious tasks, and provide real-time financial insights. The best virtual CFOs combine multiple tools to create a system that reduces manual work and improves financial visibility. What are virtual CFO tools?

Real-time Visibility 52

Real-time Visibility supply chain budgeting Budget supply chain software solutions 52

Procurement Tactics

JUNE 8, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Inventory Management — Everything You Should Know Inventory management enables companies to ensure that they always have enough stock to fulfill customer orders. Why is it Important?

Inventory 187

Inventory Management Real-time Visibility Inventory control 187

Finale Inventory

JANUARY 27, 2025

Introduction A quickbooks barcode scanner transforms how small and medium-sized businesses handle their inventory management, bridging the gap between physical products and digital records. When integrated with QuickBooks, a barcode scanner for quickbooks eliminates manual data entry, reducing costly errors and saving valuable time.

Inventory 52

Inventory Real-time Visibility Management Inventory control 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. Collaboration brings visibility and agility for gaining market share.

Collaboration 52

Collaboration Supply Chain Efficiency Suppliers Real-time Visibility 52

ivalua

OCTOBER 22, 2020

This year’s edition comes at an interesting time, with the Covid-19 pandemic having shifted Procurement priorities and employee working practices. Hence, I thought it valuable to review why the Procure-to-Pay Process flow is so important today and, most importantly, how to realize the potential value of a successful digital transformation.

supply chain software solutions 147

supply chain software solutions Procurement Real-time Visibility supply chain budgeting 147

ivalua

JUNE 4, 2020

A review of the key elements in supplier management for manufacturers and how Source-to-Pay procurement technology can support the journey towards supply chain resilience and agility in times of crisis. As the COVID-19 pandemic disrupts global supply chains, procurement organizations around the world are scrambling to react. Financial, etc.).

Agile and Lean Supply Chain 173

Agile and Lean Supply Chain Supply chain resilience Supply Chain Efficiency Supply chain 173

Procurement Tactics

MARCH 27, 2023

We will tell you the importance and the methods used in supply chain forecasting. Although it always relates to demand and sales projections, forecasting can also be used to determine product pricing, lead times, labor needs, and more. However, having too much means paying unnecessary high costs for your inventory.

supply chain budgeting 192

supply chain budgeting supply chain software solutions Supply Chain Optimization Agile and Lean Supply Chain 192

Procurement Tactics

JUNE 8, 2023

A periodic inventory system is software that enables companies to conduct periodic physical counts of their stock. Initially, the company may perform a physical review of its goods and import the stock data into the software for reconciliation. Incorporating a periodic system into a business requires not much time and effort.

Inventory 192

Inventory supply chain software solutions Real-time Visibility Quantity 192

Jaggaer

OCTOBER 24, 2024

The result is a vehicle that meets market demands for sustainability and performance while reducing time to market and production costs. This not only helps avoid stockouts but also reduces the need for excessive inventory, reducing overage and storage costs. leading to a more innovative and efficient final product.

Collaboration 52

Collaboration Innovation Suppliers supply chain budgeting 52

Finale Inventory

FEBRUARY 19, 2024

This blog explores the strategic importance of returns and inventory management, illustrating how strategic returns can drive business success in the dynamic ecommerce environment. For customers, inadequate customer support leads can lead to delays, extending the time for processing and refunds.

Inventory 105

Inventory Real-time Visibility Management Quality 105

Procurement Tactics

NOVEMBER 14, 2022

We will also tackle retail supply chain management and its importance. The Importance of Retail Supply Chain Management. Many people overlook the importance of retail supply chain management and undervalue its impact on business operations. Additionally, you will get real-time visibility into all areas of your business.

Retail Supply Chain 190

Retail Supply Chain Supply Chain Optimization Supply Chain Efficiency Supply chain 190

Finale Inventory

JANUARY 27, 2025

By scanning products during the picking process, warehouse staff can verify selections instantly, maintain accurate inventory counts, and dramatically reduce picking errors. Discrete or Basic Picking Discrete picking involves completing one order at a time from start to finish.

Inventory 52

Inventory Real-time Visibility Management Warehouse operations 52

ivalua

JANUARY 24, 2022

Data is central to successful digital transformation to relay real-time information and greater visibility into operations and resource allocation. Alex, how important was data during and after the pandemic? Can you elaborate on the importance of building a solid data foundation? Timeliness is also important.

Data 130

Data Real-time Visibility Procurement Supply Chain Efficiency 130

Jaggaer

FEBRUARY 28, 2025

Leveraging Technology: Implement procurement software and analytics tools to gain better visibility into spending patterns , identify areas of inefficiency, and automate processes. Supply Chain Visibility: Invest in technology that provides real-time visibility into the supply chain.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Procurement Supply Chain Optimization Real-time Visibility 52

ivalua

AUGUST 17, 2021

Recent trends have increased the strategic importance of effective, transparent Accounts Payable processes. A recent study by Forrester found that the single greatest factor in increasing a supplier’s willingness to collaborate with and share innovations with a customer was timeliness of and visibility into payments.

Real-time Visibility 130

Real-time Visibility Suppliers Innovation Contract 130

Procurement Tactics

JUNE 6, 2023

For this article, we are going to discuss what inventory forecasting is. We will discuss the importance and the different types of inventory forecasting. Additionally, we will tell you the best practices in forecasting and the benefits when you efficiently forecast your inventory.

Inventory 170

Inventory Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 170

Let's Talk Supply Chain

AUGUST 28, 2022

Cargo Chief enables 3PLs and freight brokers to expand their carrier network, gain visibility into real-time pricing, and streamline their processes. 21.38] How better data and increased automation and efficiencies can help to increase carrier engagement, and why better carrier partnerships are so important.

Real-time Visibility 98

Real-time Visibility Price Collaboration Supply Chain Efficiency 98

ivalua

OCTOBER 1, 2020

Recent trends have increased the strategic importance of an effective, transparent Invoice-to-Pay process, managed by AP. A recent study by Forrester found that the single greatest factor in increasing a supplier’s willingness to collaborate with and share innovations with a customer was timeliness of and visibility into payments.

Real-time Visibility 130

Real-time Visibility Networking Supply Chain Efficiency Suppliers 130

Procurement Tactics

DECEMBER 21, 2022

After taking the time to read this article, you will have a deeper understanding of what supply chain collaboration is all about. Thus, allowing you to know if your decision is right when the time comes you are going to collaborate in the supply chain. . Why is it important? Defining Supply Chain Collaboration.

Collaboration 199

Collaboration Supply Chain Optimization Supply Chain Efficiency Supply chain 199

ivalua

JULY 16, 2020

The results show businesses face several hurdles when implementing sustainability initiatives, with 93% claiming it is challenging to gain visibility into suppliers to track the environmental impact of their supply chain. Lack of visibility slowing plans to tackle environmental concerns.

Sustainability 130

Sustainability Real-time Visibility supply chain budgeting Supply chain 130