SCMDOJO

JANUARY 17, 2024

Managing the supply chain involves the delicate art of aligning your product supply precisely with customer demand. That is to say, there isn’t one single career in supply chain management. That is to say, there isn’t one single career in supply chain management. Planners do exactly that.

Supply chain management 98

Supply chain management Supply chain management Supply Chain Efficiency Supply Chain Optimization 98

ivalua

FEBRUARY 27, 2023

Manufacturers have unique insight into the state of global inflation – they’re often hit earlier and harder than other industries by increasing overhead costs, from raw materials prices to wages. Manufacturers, take charge of your supply chain! Let’s explore further.

Real-time Visibility 130

Real-time Visibility Procurement Agile and Lean Supply Chain supply chain budgeting 130

Procurement Tactics

SEPTEMBER 16, 2022

Sustainable procurement refers to the process of integrating environmental, social, and governance goals into the procurement and supply chain. . To simplify, sustainability in procurement refers to how businesses can identify and reduce their environmental impacts through their supply chain. Increase profitability.

Sustainability 130

Sustainability Procurement Supply Chain Efficiency Purchasing 130

Supply Chain Game Changer

JULY 15, 2021

Subscribe to Supply Chain Game Changer. Consumers’ willingness to wait to receive their orders has dwindled significantly in the past half-decade. In this guide, you’ll find everything you need to know about lead time and how to use it to optimize your order fulfillment. Subscribe Here! Email Address. Get Our EBOOK HERE.

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain Raw materials Supply Chain Optimization Inventory 98

Finale Inventory

SEPTEMBER 4, 2024

As ecommerce continues to expand, supply chain traceability has become a key factor for small businesses. This article examines why supply chain traceability matters and how Finale Inventory can assist small businesses in achieving it. Additionally, traceability can open up new market opportunities for small businesses.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Inventory 52

Procurement Express

DECEMBER 31, 2024

How Best-in-Class Companies Turn Indirect Spend Into a Competitive Advantage Direct vs. Indirect Spend Direct spend, as mentioned, covers your raw materials, subcontractors, components, hardware, and whatever else you need to build the products you sell to customers. What Happens When Indirect Spend Isnt Managed?

Spend management 40

Spend management Strategy Management Real-time Visibility 40

Finale Inventory

JULY 3, 2024

Moreover, efficient inventory management enables you to optimize your operations and reduce costs. By accurately tracking your inventory levels and sales patterns, you can identify opportunities for cost-saving measures such as bulk purchasing, reducing carrying costs, or implementing just-in-time inventory practices.

Inventory 52

Inventory Raw materials Supply Chain Optimization supply chain budgeting 52

Empowering CPO

JUNE 30, 2023

Introduction In the dynamic world of business, the ability to effectively manage and optimize supply chains has emerged as a critical success factor. The aim is not only to streamline operations but also to extract maximum value from every link in the supply chain. So, why are managed procurement services necessary?

Supply Chain Optimization 52

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

TYA Suite

MAY 14, 2023

The source-to-pay process involves tactical procurement tasks like spending assessment, purchasing, contract management, and supplier management as well as concluding tasks like purchase order processing, electronic procurement, accounts payable, invoice automation, and payment processes.

Sourcing 52

Sourcing Raw materials Purchase orders Quantity 52

Una

APRIL 11, 2023

Advantages and Disadvantages of ERP Systems Discover the advantages and disadvantages of utilizing ERP systems to drive efficiencies and cost savings in procurement. ERPs often use automated workflows and business rules to streamline processes, reduce errors, and increase efficiency. billion in 2020) Oracle ($40.48

supply chain software solutions 98

supply chain software solutions Real-time Visibility Supply Chain Efficiency Raw materials 98

Supply Chain Game Changer

MARCH 19, 2019

Subscribe to Supply Chain Game Changer. Imagining the Supply Chain of the Future! Bringing these ideas to life and delivering on commitments made to customers most often requires different but just as impressive skills and effort from the Supply Chain and Operations teams within an organization.

supply chain budgeting 50

supply chain budgeting Supply Chain Efficiency Supply Chain Optimization Supply chain 50

Procurement Software

JULY 9, 2024

Direct procurement involves acquiring raw materials and components essential for your production process. These tend to place emphasis on driving cost savings, improving data quality and driving transactional efficiency. They also enable business stakeholders to self-serve for simple, low value and non-complex purchases.

Raw materials 40

Raw materials supply chain software solutions Procurement Supply Chain Efficiency 40

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. Stocking: Stocking relates to the physical storage and management of inventory within a supply chain.

Procurement 105

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

World of Procurement blog

MAY 8, 2024

Purchasing relies on more basic solicitation processes. Metrics : Procurement tracks savings, efficiencies, supplier performance, and risk. Purchasing measures transactional volume and costs. Mitigates risk by selecting reliable suppliers, managing supplier relationships, and ensuring continuity of supply.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

EazyStock

JULY 2, 2021

In inventory management a BOM is critical to ensure the correct quantities of each item are procured and available at the right time to prevent delays along the supply chain. Types of Bill of Materials. Engineering bill of materials (EBOM) : an engineering BOM shows the make-up of a product from a design perspective.

Bill of materials 52

Bill of materials Supply Chain Efficiency Quantity Supply Chain Optimization 52

Let's Talk Supply Chain

JULY 9, 2023

Today I’m joined by SEKO – a friend of the show and a supply chain household name that was founded nearly 50 years ago, and has gone on to open 120 offices in 40 countries across the world. SEKO provide complete supply chain solutions, specializing in transportation, logistics, forwarding and warehousing.

Real-time Visibility 52

Real-time Visibility e2e Supply Chain Efficiency Raw materials 52

Procurify

JULY 20, 2022

Companies that adapt to supply chain volatility can swim against the tide. . With the current state of supply chains, purchasing managers need transparent market and supplier intelligence. Currently, manufacturing, labour, and raw material costs are rising worldwide. Lack of visibility.

Purchasing 52

Purchasing Management Supply Chain Efficiency supply chain software solutions 52

Zycus Cognitive Procurement

FEBRUARY 14, 2022

The first step to building a resilient supply chain is strengthening your relationships with suppliers. The slow supply chain recovery post-pandemic, along with increased volatility and disruptions due to factors like climate change – means key partnerships can make or break your business moving into the new year.

Suppliers 52

Suppliers Supply Chain Efficiency Supplier relationship management Vendor relationships 52

TYA Suite

MAY 14, 2023

Procurement system software has the power to reveal the genuine potential of procurement as well as its efficiency and benefits. Spend analysis is an effective method for identifying inefficiencies in supplies, purchasing, and equipment. , all of your purchase data is in one location.

Procurement 52

Procurement Supply Chain Efficiency supply chain software solutions Raw materials 52

Procurement Software

JULY 4, 2023

It aims to make the procurement process more efficient, transparent, and cost-effective. Ultimately, digital procurement enables organisations to enhance the overall procurement experience, as well as increase efficiencies and transform their end-to-end procurement function. What is procurement tech?

Supply Chain Efficiency 52

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

Empowering CPO

JULY 17, 2023

From sourcing raw materials to securing high-quality services, procurement directly influences a company’s efficiency, productivity, and financial performance. Contract Management: Efficiently managing contracts, tracking terms, and ensuring compliance and renewal adherence.

Procurement 52

Procurement Supply Chain Optimization Supply Chain Efficiency Raw materials 52

Pipefy

JANUARY 31, 2023

A Administrator A business professional who oversees the ongoing management of the purchase order (PO) or contract, confirming that both the organization and suppliers adhere to the contract’s terms and conditions. Change order An official source document making an alteration to a previously signed purchase order or contract for work.

Procurement 52

Procurement Bidding Supply Chain Efficiency supply chain software solutions 52

Empowering CPO

JULY 17, 2023

From securing raw materials to procuring top-tier services, these purchases directly impact a company’s efficiency, productivity, and bottom line. From supplier relationship management to purchasing and payment processing, MPS providers cover a wide spectrum of procurement-related activities.

Supply Chain Efficiency 52

Supply Chain Efficiency Management Procurement Supply Chain Optimization 52

SCMDOJO

OCTOBER 7, 2024

MRP (Material Requirements Planning) and ERP (Enterprise Resource Planning) systems are the most prominent contenders. While both aim to streamline operations and enhance efficiency, they cater to distinct needs within manufacturing organizations.

supply chain budgeting 52

supply chain budgeting supply chain software solutions Supply Chain Efficiency Bill of materials 52

Zycus Cognitive Procurement

JANUARY 24, 2023

Shortages in raw materials, energy, shipping, and labor required that CPOs performed at the top of their game to ensure business continuity. 2) Effective risk management should be a priority After the Covid-19 pandemic, enterprises have been firefighting to manage risks and have invested in developing supply chain resilience.

Procurement strategies 52

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

Finale Inventory

SEPTEMBER 19, 2024

It involves tracking and controlling the inventory levels to ensure efficient operations, maximize profit, and meet customer demand. It represents the investment a business has made in purchasing goods for sale or raw materials for production. This is where Finale Inventory comes in.

Inventory 52

Inventory Strategy Management Order Fulfillment 52

Procurement Software

MARCH 5, 2024

FRDM FRDM is a software company specialising in supply chain risk management. Their software is designed for multinational corporations managing complex supply chains. It helps large enterprises like Virgin, Coca-Cola, Boeing, and IBM map, monitor, and mitigate ESG risks across their global supply chains.

Real-time Visibility 52

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

Planergy

DECEMBER 29, 2022

Ultimately, marketing procurement can help organizations improve the efficiency and effectiveness of their marketing efforts, but it’s about more than sourcing strategies and agency relationships. Managing marketing procurement can help to ensure that the raw materials needed to create a product are available when they are needed.

Procurement 52

Procurement Raw materials supply chain budgeting supply chain software solutions 52

Claritum

MARCH 22, 2021

Cut operational costs and improve efficiencies. Essentially, the use of a cloud based system, where all the stake holders have access, improves efficiencies and means more work can be done using less time and resources. Inventory and Supply Chain Management. 6 ways you can help your organisation save time and money.

Supply Chain Efficiency 41

Supply Chain Efficiency supply chain software solutions supply chain budgeting Raw materials 41

Procurement Software

MARCH 11, 2022

Increasing operational efficiency by automating transactional or non-core tasks. If they’re a manufacturing company, then typically around 60% (£/$/€ 60 million) of their revenue will be spent on goods and services from external vendors: Raw materials. Operating supplies (MRO and consumables). It adds no intrinsic value.

supply chain software solutions 52

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

Procurement Software

MARCH 11, 2022

Increasing operational efficiency by automating transactional or non-core tasks. If they’re a manufacturing company, then typically around 60% (£/$/€ 60 million) of their revenue will be spent on goods and services from external vendors: Raw materials. Operating supplies (MRO and consumables). It adds no intrinsic value.

supply chain software solutions 52

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

Empowering CPO

JUNE 25, 2023

Understanding Procurement and its Business Significance At the heart of every thriving business is an effective and efficient procurement process. As such, procurement plays a critical role in a company’s operational efficiency, financial performance, and overall competitiveness.

Procurement 52

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

Planergy

AUGUST 8, 2023

Open tendering is preferable as it allows companies to apply for multiple contracts at once, resulting in more efficient use of resources and reduced cost-over-runs from multiple procurement processes. However, you must use care and consistency to ensure that single-source procurement improves organizational efficiency and outcomes.

Sourcing 52

Sourcing Suppliers Procurement Bidding 52

Planergy

JULY 21, 2023

This typically includes raw materials and components. Indirect Procurement Indirect procurement involves purchasing items essential for day-to-day operations but not necessarily related to the company’s final product. There should be purchase orders and milestones to ensure your project remains on course.

Management 52

Management Procurement supply chain budgeting Budget 52

Solvoyo

MAY 27, 2019

In the Supply Chain Planning context, these include decisions about which products to keep in stock, where to keep them, when to replenish them, how to improve service levels for customers, how to liquidate excess stock in the most profitable way, how to respond to changes in customer demand in the most agile way, and etc.

Agile and Lean Supply Chain 40

Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization Supply chain 40

Procurement Insights

FEBRUARY 26, 2025

Hansens concept of “Velocity Procurement” is a modern evolution of his earlier work in supply chain and procurement optimization, reflecting his decades of experience streamlining processes for organizations like the Canadian Department of National Defence and the New York City Transit Authority.

Agile and Lean Supply Chain 83

Agile and Lean Supply Chain Procurement Real-time Visibility Supply Chain Optimization 83