TYA Suite

OCTOBER 27, 2024

With automated systems, purchase orders can be generated based on predefined criteria, such as inventory levels or specific triggers, ensuring timely and accurate procurement. Real-time tracking and reporting capabilities allow organizations to monitor the status of purchase orders, deliveries, and payments.

supply chain software solutions 40

supply chain software solutions Supply Chain Efficiency Management Procurement 40

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

SCMDOJO

AUGUST 21, 2023

Try this as a tongue twister: “Tripping through tantalizing TikTokers, tenfold to transform your tangled supply chain!” In our digital age, where viral trends dominate, TikTok’s influence now extends to supply chain management. Discover the Top 10 TikTokers reshaping how you view supply chains.

Supply Chain Optimization 98

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

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.

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.

Procurement 52

Procurement Inventory control supply chain budgeting Real-time Visibility 52

Finale Inventory

JULY 22, 2024

ASN acts as a key component in the supply chain management process, serving as a precursor to the physical arrival of goods. This proactive approach assists in streamlining the receiving process, reducing lead times, and minimizing disruptions in inventory management.

Supply Chain Efficiency 52

Supply Chain Efficiency Import Real-time Visibility Supply Chain Optimization 52

Jaggaer

OCTOBER 24, 2024

From bundling spend to identifying mutual efficiencies, these approaches not only drive down costs but also strengthen supplier relationships, ensuring sustainability and value over time. By contrast, collaborative procurement strategies focus on creating mutually beneficial partnerships.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency supply chain budgeting 52

Empowering CPO

JUNE 27, 2023

This is where the real magic happens. These insights can help organizations understand where their money is going, where they can make savings, and how they can improve procurement efficiency. Enhanced Procurement Processes: Spend analysis can also lead to the improvement of procurement processes.

Real-time Visibility 52

Real-time Visibility Supply Chain Optimization Purchase orders Supply Chain Efficiency 52

Supply Chain Game Changer

OCTOBER 6, 2022

The vulnerabilities with sole sourcing are very real. A major reason for the extensive damage caused by the breakdown of Supply Chains during the pandemic was because of broad based single points of failure. The False Confidence in Historic Supply Chain Design. The vaunted Just-in-time operating model had broken.

Supply chain 86

Supply chain Real-time Visibility Supply Sourcing 86

Pipefy

JANUARY 11, 2023

A procurement transformation roadmap serves as a detailed brief of steps, timelines, risk planning, communication and collaboration needs or changes, and resources — whether it’s people or technology — that are required to achieve procurement transformation and sell the final vision to key stakeholders, such as leaders and procurement teams.

Strategy 52

Strategy supply chain software solutions Procurement Agile and Lean Supply Chain 52

Procurement Software

JUNE 4, 2024

What we are seeing is a divergence of specialist, best-of-breed technology focusing on procurement for manufacturing companies. This exciting trend persuaded us that it’s about time we featured an article on these procurement tools specifically. This unique feature helps procurement teams to operate more proactively.

Supply Chain Efficiency 52

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

Finale Inventory

JULY 26, 2024

This article covers the importance of inventory management in construction, the impact of efficient inventory management on ecommerce, the key features of Finale Inventory for managing construction materials, steps to organize construction materials with Finale Inventory, tips for optimizing Finale Inventory, and more.

Inventory 52

Inventory Real-time Visibility Material management Supply Chain Optimization 52

Arkestro

JANUARY 9, 2024

Resources / Blog / 4 Key Trends Reshaping Manufacturing Procurement in 2024 4 Key Trends Reshaping Manufacturing Procurement in 2024 The dust is settling after the upheaval of the pandemic, yet the manufacturing industry remains forever changed. Contract management. Reduce complexity. Get customized recommendations.

supply chain budgeting 52

supply chain budgeting Procurement Supply chain resilience Supply Chain Optimization 52

TYA Suite

SEPTEMBER 25, 2024

This process is integral to procurement and supply chain management, aiming to secure the best possible terms for the organization while ensuring the quality and reliability of the supplied products or services. Key criteria for evaluation include cost, quality, delivery times, and supplier reliability.

Supply Chain Efficiency 40

Supply Chain Efficiency Sourcing Procurement supply chain budgeting 40

Arkestro

MARCH 27, 2024

Regardless of industry, procurement buyers fulfill their role by finding the best suppliers, negotiating contracts, and identifying the most cost-effective, timely procurement of goods. The best procurement buyers have a solid understanding of market trends, supplier performance, and ethical sourcing.

Buyers 52

Buyers supply chain budgeting Supply Chain Efficiency Procurement 52

Finale Inventory

AUGUST 30, 2024

Drones for site inspections, wearable technology for worker health monitoring, and real-time data analytics for risk assessment can significantly reduce workplace accidents and ensure a safer environment. This shift has led to increased efficiency, cost savings, and better supply chain management.

supply chain software solutions 52

supply chain software solutions Project management Real-time Visibility Inventory 52

Una

APRIL 9, 2024

It might not seem like much but at the time, that meant more wiggle room in our household budget as a young family. The fundamentals of group purchasing Incorporating group purchasing into your procurement strategy is one way to realize such savings. The real value, however, is found when you look beyond cost savings.

Purchasing 52

Purchasing supply chain budgeting Real-time Visibility Supply Chain Optimization 52

Planergy

JANUARY 19, 2023

How to gain visibility and control of your indirect spend. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Practical Applications of Pareto Analysis Tips for Conducting a Successful Analysis How Pareto Analysis Helps Your Procurement Strategy?

supply chain budgeting 52

supply chain budgeting Procurement Supply Chain Efficiency Supply Chain Optimization 52

Empowering CPO

JUNE 25, 2023

In the realm of procurement and supply chain management, one tool stands out as a game-changer — Spend Analysis. Spend Analysis is a process where procurement data from various sources are collected, cleansed, categorized, and analyzed. Take, for example, a company that overlooks office supply costs.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Real-time Visibility Data 52

Empowering CPO

JUNE 20, 2023

Definition of Tail Spend and Its Importance in Procurement Tail spend, or non-strategic spend, typically refers to the approximately 20% of a company’s purchases that account for about 80% of its suppliers. The company was able to recoup a significant portion of this loss by implementing a strategic tail spend management program.

Real-time Visibility 40

Real-time Visibility supply chain budgeting Spend management Risk 40

Empowering CPO

JUNE 14, 2023

Definition and Purpose of Procurement Procurement is a multi-faceted function that goes beyond the simple acquisition of goods and services. Procurement is central to a business’s operations, with a purpose that encompasses cost-efficiency, quality control, risk management, and strategic sourcing.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Empowering CPO

JUNE 22, 2023

Spend analysis, a cornerstone of procurement and supply chain management, is the process of collecting, cleansing, classifying, and analyzing expenditure data with the goal of reducing procurement costs, improving efficiency, and monitoring compliance. But how do we fuel the engine of strategic sourcing?

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Arkestro

JUNE 11, 2024

Because each sector operates independently, systems tend to lack visibility, and bottlenecks often stall progress and efficiency. Here are a few ways companies are leveraging predictive procurement and AI to make data-driven decisions related to procurement strategies, supplier relationships, resource allocation, and more.

Innovation 52

Innovation Procurement Supply Chain Optimization Real-time Visibility 52

Let's Talk Supply Chain

MARCH 9, 2025

In the ever-evolving landscape of supply chain management, businesses face a myriad of ‍challenges that require innovative solutions adn a willingness to adapt to changing priorities. Implementing green procurement strategies to source materials from environmentally responsible suppliers.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization Supply chain Real-time Visibility 52