Procurement Tactics

JULY 4, 2023

It is a powerful tool that helps procurement and supply chain professionals to evaluate and negotiate pricing with suppliers effectively and favorably and achieve cost savings. Importance of Should Cost Model A should-cost model is an essential tool for procurement and supply chain organizations.

Raw materials 209

Raw materials supply chain software solutions supply chain budgeting Price 209

SCMDOJO

SEPTEMBER 8, 2023

This blog explains The Key MRP Metrics in Supply Chain whcih every supply chain professional in Manufacturing or Distribution Businesses. Supply chain professionals will be familiar with the term Material Requirements Planning (MRP).

Supply Chain Efficiency 98

Supply Chain Efficiency Supply Chain Optimization supply chain software solutions Agile and Lean Supply Chain 98

SCMDOJO

DECEMBER 28, 2023

In the era of the Digital Retail Revolution, adaptive supply chain management is imperative amid the surge in online retail and the social commerce boom. In addition to the ever-changing marketing landscape, the supply chain often fails. You need to integrate your supply chain management systems to meet this demand.

Supply Chain Efficiency 98

Supply Chain Efficiency Agile and Lean Supply Chain supply chain software solutions Supply Chain Optimization 98

Procurement Software

FEBRUARY 14, 2023

If you’re more of an audio person, we also ran a recent episode of the podcast covering some of these, which you can access here: What are the top 10 criteria to consider when buying procurement software? Or, more specifically, what type of cost model does the procurement software provider use for their pricing?

supply chain software solutions 72

supply chain software solutions Procurement Price Sourcing 72

SCMDOJO

APRIL 3, 2022

eAuctions are online real-time dynamic discussions between one purchasing organization and a group of pre-qualified vendors competing for the purchaser’s trade. Procurement price reductions can have a major influence on a business bottom line. These reductions are substantiated by eAuctions software providers Cimmra.

Supply Chain Efficiency 141

Supply Chain Efficiency Bidding Procurement team supply chain software solutions 141

Supply Chain Trend

AUGUST 13, 2020

Preview In his 2019 Foresight article, Niels van Hove examined eight technological hurdles that must be overcome to enable autonomous or ‘lights out’ supply-chain planning. He reasoned that to support such planning we need to implement a third wave of integrated supply-chain planning software. Key Points.

supply chain software solutions 147

supply chain software solutions Supply Chain Optimization supply chain budgeting Supply chain 147

Procurement Templates

JUNE 18, 2023

ChatGPT Inflation refers to the general increase in prices of goods and services in an economy over time, resulting in a decrease in the purchasing power of money. Inflation occurs when there is an imbalance between the supply and demand of money and goods. What is inflation?

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

Jaggaer

FEBRUARY 5, 2025

The process creates efficiencies across all spend categories, minimizes supply chain risks through improved supplier selection and awards, while giving visibility into pricing and forecasting. In some categories it makes sense to conduct a competitive sourcing event, for example an online auction using eSourcing software.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Supply Chain Efficiency Sourcing 52

Procurement Software

APRIL 23, 2024

Spend analytics software would be the first tech investment I’d make in a greenfield Head of Procurement role. To do this quickly and efficiently, spend analytics software is your best friend. This usually justifies the business case to invest in spend analytics software to categorise this quickly and more easily.

supply chain software solutions 52

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

Jaggaer

OCTOBER 24, 2024

Building Stronger Relationship s : Effective Approaches to Multi-Tier Supplier Collaboration A chain is only as strong as its weakest link—but what if you can’t evaluate the entire chain? Tier 1 suppliers and their suppliers—and their suppliers’ suppliers—make up an organization’s multi-tier supply chain.

Collaboration 52

Collaboration Supply Chain Efficiency Suppliers Real-time Visibility 52

SCMDOJO

SEPTEMBER 18, 2023

In the dynamic landscape of supply chain management, precise terminology is paramount. Sourcing plays a crucial role in building strong supplier relationships and achieving cost-effectiveness in the supply chain. Purchasing: Purchasing is the act of buying goods or services from suppliers or vendors.

Procurement 105

Procurement Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 105

Procurement Software

MARCH 11, 2022

And therein lies the problem of getting procurement to have a bigger influence on companies’ bottom line. Here are just a few examples of how top procurement software solutions can move the needle and drive better results from your existing procurement team. How can investing in digital procurement lead to a better P&L?

supply chain software solutions 52

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

Procurement Software

MARCH 11, 2022

And therein lies the problem of getting procurement to have a bigger influence on companies’ bottom line. Here are just a few examples of how top procurement software solutions can move the needle and drive better results from your existing procurement team. How can investing in digital procurement lead to a better P&L?

supply chain software solutions 52

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

Finale Inventory

JUNE 24, 2024

Furthermore, effective inventory management not only impacts customer satisfaction but also influences the overall operational efficiency of an ecommerce business. By implementing streamlined inventory processes, businesses can reduce storage costs, minimize waste, and optimize their supply chain management.

Inventory 52

Inventory supply chain software solutions Management Supply Chain Efficiency 52

IBM Supply Chain Blog

FEBRUARY 12, 2024

For software solutions, they can get access immediately and often in a seamless experience. Before globalization, it was more difficult to purchase products from far-flung locations. They could more directly influence customer loyalty beyond the quality and price of their solutions. a mobile app).

Data 92

Data Influencing Purchasing Strategy 92

IBM Supply Chain Blog

AUGUST 26, 2021

Consumers weary from ongoing supply chain strains are demanding greater transparency and certainty from retailers and e-commerce sites as they undertake back-to-school and holiday shopping. It also gives consumers more direct influence in tailoring their unique customer experience.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization supply chain software solutions Agile and Lean Supply Chain 52

Arkestro

JANUARY 18, 2023

But beyond impacting cost, factors like economic uncertainty, supply chain disruption, and changing consumer preferences are transforming procurement in the industry. The Deloitte report points out that supply chain will need to consider different strategies to meet the changes coming.

Raw materials 94

Raw materials Procurement supply chain budgeting Supply Chain Efficiency 94

Positive Purchasing

MAY 3, 2024

Category Management in Purchasing , now in its 5th edition, is a comprehensive and practical guide to approaching purchasing and procurement strategically, effectively, and sustainably through category management. The tech revolution and influence of AI on our profession is a game-changer.

Category management 52

Category management Purchasing Supplier relationship management Management 52

EazyStock

APRIL 18, 2023

Supply chain managers and inventory management professionals face a constant barrage of supply chain crises, with one always waiting around the corner. With every crisis comes the potential for supply chain disruption that can cause chaos for stock-holding businesses. Global supply chains.

Supply Chain Optimization 52

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

EazyStock

OCTOBER 20, 2020

So we thought we’d focus on the lesser known topic of ‘stock optimization’ – this is an inventory control technique that’s becoming more popular with inventory managers to improve the efficiency of their supply chain. Inventory control is the process of managing and regulating the supply, storage and distribution of stock.

Inventory control 98

Inventory control Supply Chain Optimization Inventory Quantity 98

Supply Chain Opz

OCTOBER 5, 2016

Supply chain management is not an easy subject. Background Supply chain management is a relatively new discipline. Access public data from Data.gov Supply chain management is part of complex economic activities. You may feel that not all necessary information is available at your finger tips.

supply chain software solutions 49

supply chain software solutions Agile and Lean Supply Chain Supply chain Supply chain management 49

Procurement Templates

JANUARY 17, 2024

How is this considered throughout the supply chain and reported at a senior level. Organisation undertakes a full assessment of the waste within the supply chain in relation to risk-based existing contracts. undertakes a full assessment of the waste within the supply chain in relation to risk-based existing contracts.

Demand 130

Demand Management Buyers Purchasing 130

Spend Matters

APRIL 4, 2024

To clarify this, Bertrand Maltaverne works through the different influences on a GenAI’s design and the degrees that a GenAI may be implemented. Learn More AI Basics With the explosive expansion of AI, you might have missed out on the chance to learn what an AI actually is, how it works and what it can do.

Procurement 106

Procurement Risk management Raw materials supply chain software solutions 106

EazyStock

DECEMBER 14, 2020

Not only she has been heading up the implementation, but she has had a big influence on updating processes within Brand Masters. I’ve improved commercial and operational processes in our supply chain with our key customers. How has your work changed since you implemented EazyStock? What other tools do you use for automation?

supply chain software solutions 52

supply chain software solutions Purchase orders Influencing Demand 52

EazyStock

NOVEMBER 17, 2020

ERP systems typically allow companies to undertake tasks such as purchasing, production planning, service delivery and customer management – all from one single platform. When it comes to inventory management, ERP systems are ideal for tracking stock along the supply chain, monitoring stock levels and order processing.

Inventory 98

Inventory Management Supply Chain Optimization Quantity 98

IBM Supply Chain Blog

FEBRUARY 16, 2024

The overall customer experience focuses on meeting customer expectations and influencing the customer’s overall perception of products and solutions wherever they take place on the customer journey. Customer service is focused on post-purchase. As such, CS is considered a subset of CX.

Purchasing 87

Purchasing supply chain software solutions Strategy Influencing 87

Solvoyo

MARCH 5, 2021

For businesses of all sizes, the digital transformation of supply chain planning became the most important initiative. . Considering this surge in digital transformation and the changing needs of 2021, here are some insights and tips for embarking on Supply Chain Digital Transformation projects. Creating Intelligence.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency supply chain software solutions 52

Supply Chain Trend

MAY 14, 2017

Every so many years, a new supply chain terminology takes the front page and dominates the conversation in magazines and conferences. In the last decade or two we’ve seen JIT (Just in Time), TQM (Total Quality Management), 6 Sigma, S&OP (Sales & Operations Planning), Lean, Agile, Demand-Driven Supply Chains…to name just a few.

Data 68

Data Agile and Lean Supply Chain supply chain software solutions Supply Chain Optimization 68

World of Procurement blog

APRIL 23, 2024

The procurement of materials is a vital process in supply chain management, involving the timely acquisition of high-quality goods and services at the most economical prices from reliable suppliers. This process not only influences the direct cost of production but also affects the overall efficiency of the project or organization.

Procurement 52

Procurement Inventory control supply chain budgeting Real-time Visibility 52

World of Procurement blog

APRIL 23, 2024

The procurement of materials is a vital process in supply chain management, involving the timely acquisition of high-quality goods and services at the most economical prices from reliable suppliers. This process not only influences the direct cost of production but also affects the overall efficiency of the project or organization.

Procurement 52

Procurement Inventory control supply chain budgeting Real-time Visibility 52

IBM Supply Chain Blog

AUGUST 8, 2023

While many may see IBM and Microsoft as competitors, we are much better partners bringing the best of both companies together to accelerate impact and influence at scale. Through our notable technology efforts, IBM has been designated as an official Microsoft independent software vendor (ISV) partner.

Influencing 75

Influencing Business strategy Strategy Management 75

Planergy

JULY 5, 2022

ESG In Supply Chain: Creating a Sustainable Value Chain. ESG In Supply Chain: Creating a Sustainable Value Chain We all know just how valuable the supply chain is. Of all these emissions, 2/3 of them usually come from the upstream supply chain. Download Free Copy. Written by.

Sustainability 52

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

Finale Inventory

AUGUST 14, 2024

Hospital supply chain management plays a key role in the efficient operation of healthcare organizations. In an industry where patient care is paramount, having a well-managed supply chain is important for ensuring timely delivery of medical equipment, medications, and other necessary supplies.

Agile and Lean Supply Chain 52

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

World of Procurement blog

APRIL 23, 2024

Procurement analytics is the process of collecting, processing, and analyzing data related to an organization's purchasing activities to improve efficiency, reduce costs, and provide valuable insights into supply chain operations. This can be broken down by suppliers, departments, or individual goods and services.

Procurement 52

Procurement Supply Chain Optimization supply chain budgeting supply chain software solutions 52

World of Procurement blog

APRIL 23, 2024

Procurement analytics is the process of collecting, processing, and analyzing data related to an organization's purchasing activities to improve efficiency, reduce costs, and provide valuable insights into supply chain operations. This can be broken down by suppliers, departments, or individual goods and services.

Procurement 52

Procurement Supply Chain Optimization supply chain budgeting supply chain software solutions 52

Strategic Sourceror

NOVEMBER 2, 2022

When you add in supply chain disruptions, which many companies are still encountering, organizations are looking for any opportunity to stretch their dollar further and offset their rising costs. Enterprise resource planning software gives you that visibility. Look for themes in the inquiries you receive from customers.

supply chain software solutions 57

supply chain software solutions Real-time Visibility Supply Chain Efficiency Strategic sourcing 57

Spend Matters

JULY 10, 2024

Procure-to-Pay Penny ‘s P2P solution focuses mainly on the Middle East, aligning with regional priorities like a procurement strategy that revolves around PR/demand-based sourcing, to cover the procurement journey from purchase requisition to payments.

Procurement 110

Procurement Management Contract Sourcing 110