Supply Chain Game Changer

SEPTEMBER 29, 2020

Subscribe to Supply Chain Game Changer. In our experience the best way to systemically, and sustainably, optimize inventory is to take a process based inventory turnover improvement approach. This process included a focus on total cost of ownership, not just piece price levels. Subscribe Here! Email Address.

Inventory 90

Inventory Raw materials Supply Chain Optimization Demand 90

Empowering CPO

JUNE 26, 2023

Explanation of Spend Analysis and its Importance in Healthcare In the ever-evolving landscape of the healthcare industry, optimizing costs and maximizing efficiency has become paramount. This is where spend analysis steps in as a powerful tool to help healthcare organizations gain deep insights into their procurement activities.

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supply chain budgeting Supply Chain Optimization Supply Chain Efficiency Supplier consolidation 52

Zycus Cognitive Procurement

JULY 25, 2022

Over the past two years, we’ve seen how supply chains are constantly changing and facing uncertainties. The latest updates can help you keep up with your industry competition, reduce costs and optimize your supply chain network to improve performance and mitigate risks. .

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supply chain budgeting Procurement Agile and Lean Supply Chain Management 52

Procurement Software

JUNE 25, 2024

This allows you to identify high-value areas where negotiations could lead to better terms, bulk purchase discounts, or more cost-effective suppliers. Collaborate with Suppliers Engaging with your suppliers can uncover additional savings opportunities. Rather, it maintains it against potential increases.

Procurement 52

Procurement Supply Chain Efficiency Chief Procurement Officer Price 52

IBM Supply Chain Blog

APRIL 4, 2024

And while enterprise resource planning (ERP) integrates and manages all aspects of a business, BPM focuses on its individual functions—optimizing the organization’s existing, repeatable processes end-to-end. Workflows can be established that govern the movement of goods from supplier to customer.

Real-time Visibility 54

Real-time Visibility Management e2e Supply Chain Efficiency 54

Planergy

JANUARY 19, 2023

Using ABC Analysis: Class A: These purchases account for 80% of your total cost of purchases for 20% of suppliers. Class B: These purchases account for 15% of the total cost of purchases for 30% of suppliers. Class C: Tail Spend: These purchases account for 5% of your total cost of the purchases for 50% of your suppliers.

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supply chain budgeting Procurement Supply Chain Efficiency Supply Chain Optimization 52

Supply Chain Game Changer

AUGUST 6, 2019

Subscribe to Supply Chain Game Changer. It is the group that you have to go to in order to get RFQs sent out, to get POs placed or changed, or to deal with performance issues from those pesky suppliers. You would make sure that you optimize your cash flow just as any business owner would. Subscribe Here! Email Address.

Management 48

Management Procurement Category management Chief Procurement Officer 48

Pipefy

JANUARY 5, 2023

Digital procurement is the use of technology to optimize and automate procurement processes and workflows. Errors can cost companies directly if prices are entered incorrectly or discount deadlines are missed, or indirectly when mistakes have to be corrected. What is digital procurement?

Procurement 52

Procurement Procurement team supply chain software solutions e2e 52

Jaggaer

JANUARY 14, 2020

Whether your organization is purchasing raw steel, injection molded plastics, or fully finished office supplies and IT equipment, a st reamlined P2P system can be a game changer. By optimizing the areas where you spend the most, your compan y and organization can drive significant savings in your supply chain.

Supply Chain Efficiency 40

Supply Chain Efficiency Raw materials supply chain budgeting Supply Chain Optimization 40

Empowering CPO

JULY 2, 2023

This approach allows businesses to leverage the expertise of procurement specialists to streamline operations, optimize supplier relationships, and most importantly, reduce costs. This involves everything from identifying requirements and sourcing suppliers to negotiating contracts, placing orders, and managing supplier relationships.

Management 40

Management Supplier relationship management Procurement Strategic sourcing 40

Pipefy

MAY 9, 2023

Build a more efficient and connected procure-to-pay process with The Definitive Guide to P2P Optimization Importance of procurement KPIs Procurement has evolved over the years from transactional functions (now associated with purchasing) to encompass strategic activities focused on maximizing and creating value for a business.

Procurement 52

Procurement Real-time Visibility supply chain budgeting Procurement team 52

Empowering CPO

JUNE 27, 2023

This is where spend analysis steps in as a powerful tool that empowers procurement professionals to make informed decisions, optimize costs, and drive strategic outcomes. We will explore cost reduction opportunities, supplier performance enhancement, risk mitigation, and compliance assurance. But don’t just take our word for it.

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Procurement Supply Chain Optimization Supplier consolidation Suppliers 40

Arkestro

JUNE 11, 2024

Thankfully, a period of relief is on the way as fuel prices and supply chains become more stable. Many organizations are using this opportunity to leverage technology, optimize costs, and become increasingly strategic in their approach to procurement.

Innovation 52

Innovation Procurement Supply Chain Optimization Real-time Visibility 52