Remove Market knowledge Remove Purchasing Remove supply chain software solutions
article thumbnail

5 Reasons why eAuctions Drive Better Savings

SCMDOJO

eAuctions are online real-time dynamic discussions between one purchasing organization and a group of pre-qualified vendors competing for the purchaser’s trade. E-auctions can also be utilized to get the greatest price on practically any market offering throughout all sectors, regardless of sector (Jose, 2020).

article thumbnail

ProcurementSoftware.site – The FREE resource for digital procurement

The Procuretech Podcast

Today is a very proud and special day for me as I launch our new venture: Procurement Software. The ProcurementSoftware.site website sets out to democratise access to information and resources on digital procurement as a free platform, focusing on helping procurement leaders, CFOs and boutique consultancies serving mid-market businesses.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to successfully implement just-in-case inventory management

EazyStock

In the early 1980s, just in time supply chain management emerged as a way for businesses to reduce stock levels and only hold items that were needed to fulfill known orders. In recent years, and particularly since the coronavirus pandemic, just-in-case (JIC) supply chain management has become more popular.

article thumbnail

Managed Procurement Services: A Strategic Approach to Cost Reduction

Empowering CPO

How Procurement Fits into a Business’s Operations In the broader context of business operations, procurement is the crucial link between an organization’s internal needs and the external supply market. Moreover, procurement is often directly involved in achieving strategic business goals.