Una

AUGUST 17, 2022

This is where strategic sourcing professionals spend most of their time, communicating directly with their top suppliers through an SRM program , and using cutting-edge procurement software to analyze spend and track risk. That isn’t to say that sub-threshold purchases are completely uncontrolled. Next is the tail. Is it worth it?

Real-time Visibility 98

Real-time Visibility Spend management Procurement team Purchasing 98

Arkestro

FEBRUARY 15, 2023

Automotive purchasing has been a hot topic in recent years. Luckily, Artificial Intelligence (AI) solutions can help make automotive purchasing more reliable, by: Streamlining purchase orders Decreasing the oversight and time spent in workflows to manually review and verify mundane details in purchase orders and verify their accuracy.

Purchasing 52

Purchasing Purchase orders supply chain software solutions supply chain budgeting 52

EazyStock

NOVEMBER 17, 2022

The extended sales period sees increased pressure on companies to get ahead on their demand planning and ensure they have the necessary inventory. This year, purchasing teams are also facing continued challenges due to global supply chain and logistics pressures, component shortages, and soaring prices for electricity and fuel.

Purchasing 52

Purchasing Supply Chain Optimization Supply Chain Efficiency Inventory 52

EazyStock

NOVEMBER 17, 2022

The extended Black Week sales period sees increased pressure on companies to get ahead on their demand planning and ensure they have the necessary inventory. This year, purchasing teams are also facing continued challenges due to global supply chain and logistics pressures, component shortages, and soaring prices for electricity and fuel.

Purchasing 52

Purchasing Supply Chain Optimization Supply Chain Efficiency Inventory 52

Pipefy

JANUARY 31, 2023

Why purchase request approval is important The purchase requisition approval process is the final layer of review that’s required for all purchase requests. Once purchase requisitions are processed and approved, a purchase order is generated and submitted to the vendor or supplier for fulfillment.

Purchasing 52

Purchasing Purchase orders Real-time Visibility e2e 52

Finale Inventory

APRIL 18, 2024

To set your Amazon business up for success, one of the main areas to focus on is inventory: the flow, the costs, the timing of it all. Amazon’s recent introduction of low inventory fees is a key development you need to be aware of. This key timing (the time between placing an order and receiving inventory) is crucial.

Inventory 52

Inventory Real-time Visibility Strategy Demand 52

EazyStock

AUGUST 28, 2023

As a cloud-based inventory optimization solution, EazyStock connects to your enterprise resource planning (ERP) or existing business system. It then automates those time-consuming and inaccurate manual inventory management processes. Manually calculating the EOQ is time-consuming and prone to errors in replenishment.

Real-time Visibility 52

Real-time Visibility Inventory Data Management 52

Procurement Tactics

JULY 20, 2023

This includes tasks such as creating purchase orders, managing inventory levels, tracking shipments, and reconciling invoices. Supplier order management software, also known as “ purchase order management software” is a digital solution designed to simplify and optimize the supplier order management process.

supply chain software solutions 134

supply chain software solutions Suppliers Management Real-time Visibility 134

Procurement Tactics

MAY 22, 2023

The goal of integrated logistics is to optimize the entire supply chain by minimizing costs, improving efficiency, and ensuring timely delivery of products to customers. Improved operations Sharing performance data in real-time among various departments within logistics organizations can enhance operational efficiencies.

Logistics 207

Logistics supply chain software solutions supply chain budgeting Supply Chain Optimization 207

ivalua

DECEMBER 16, 2015

One area that manufacturers need to focus on is improving supply chain visibility. Here we define visibility as having access to accurate, real-time data that enables better decision making and risk mitigation. Visibility all the way up the supply chain. Demand visibility all the way up the supply chain.

Supply Chain Visibility 124

Supply Chain Visibility Real-time Visibility Supply chain Supplier capacity 124

NLPA (Next Level Purchasing Association)

MAY 8, 2024

By examining past purchases, spend analysis helps identify high spending areas, categorize suppliers, and uncover hidden costs. This data can then be used to negotiate better deals with suppliers, consolidate purchases, and streamline procurement processes.

Real-time Visibility 52

Real-time Visibility Supplier consolidation Suppliers Collaboration 52

Procurement Tactics

MAY 31, 2023

Inventory control, also known as stock control, refers to the process of managing and regulating a company’s inventory levels to ensure efficient and cost-effective operations. It involves keeping track of purchases , shipping, storage, and other factors to meet customer needs and be financially flexible.

Inventory control 174

Inventory control Inventory Real-time Visibility supply chain budgeting 174

Finale Inventory

JANUARY 29, 2024

Implement real-time inventory management Implementing real-time inventory management is essential to understanding your stock levels so that you can make data-driven decisions based on the most up-to-date information. The most effective way to achieve this is by using inventory management software.

Real-time Visibility 40

Real-time Visibility Strategy Inventory Order Fulfillment 40

Procurement Software

MAY 14, 2024

Enhanced Efficiency and Visibility: By adopting process orchestration tools and platforms, businesses gain real-time insights and control over their procurement activities, facilitating quicker decision-making and improved risk management. It begins the process of integrating various parts of the business to work cohesively.

Procurement 52

Procurement Real-time Visibility e2e Chief Procurement Officer 52

Una

NOVEMBER 28, 2022

Now, I know settling into a new role can take a little time, so I don’t want you to feel under any pressure to make any significant impact straight away. I wouldn’t expect any real results from you until you’ve spent a month or two reviewing our current supplier arrangements.” “Hmm Step 1: Gain visibility of spend data.

Real-time Visibility 95

Real-time Visibility Procurement Purchasing Contract 95

IBM Supply Chain Blog

FEBRUARY 28, 2024

They consider factors—like supplier performance or sustainability —that support long-term partnerships, advance business needs and increase purchasing power. This helps reduce errors to improve data quality and response times to questions, which improves customer and supplier satisfaction.

Sourcing 106

Sourcing Strategy Supply Chain Efficiency e2e 106

ivalua

JANUARY 13, 2021

– Spend control through real-time visibility into budget consumption, negotiated prices, preferred suppliers, engagement channels. – Process efficiency with reduced cycle times and considerably decreased errors or fraud opportunities. A typical example is purchase order (PO) updates.

Eprocurement 235

Eprocurement Real-time Visibility Purchase orders Budget 235

Fraxion

JANUARY 30, 2023

As facilitators of proactive spend management, we understand that giving authorized approvers the ability to access real-time budgets empowers informed decision-making and drives accountability. What are the benefits?

Budget 52

Budget Real-time Visibility Spend management Purchasing 52

NLPA (Next Level Purchasing Association)

APRIL 24, 2024

A report by the Dubai Chamber of Commerce and Industry states that digitizing procurement processes can reduce processing times by up to 60%. Simplified Auditing : Auditing procurement activities can be tedious and time-consuming. Cashless procurement systems automate these tasks, streamlining the entire workflow.

Supply Chain Efficiency 52

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

Procurement Tactics

JUNE 8, 2023

Rather than updating the general ledger account inventory when goods are purchased for resale, accountants record the transaction by debiting a temporary account for purchases. Moreover, simple inventory counts can be conducted by trained staff when time is limited or there is high employee turnover.

Inventory 192

Inventory Real-time Visibility supply chain software solutions Quantity 192

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. Negotiation : Working out the terms of purchase, including price, delivery timelines, and payment terms with the selected 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. Negotiation : Working out the terms of purchase, including price, delivery timelines, and payment terms with the selected suppliers.

Procurement 52

Procurement Inventory control supply chain budgeting Real-time Visibility 52

ivalua

FEBRUARY 10, 2023

It also has an impact on procurement teams as they are responsible for managing supplier relationships, identifying opportunities for cost savings, and ensuring that goods and services are delivered on time and within budget. This helps ensure your contracts remain favorable and that all stakeholders comply with the negotiated terms.

Price 264

Price Strategy Sourcing Real-time Visibility 264

Procurement Tactics

DECEMBER 6, 2022

However, these manual processes are ineffective and cost a lot of effort, time, and money. It is a set of practices that ensures smart procurement decisions and efficient purchasing. Unclear purchasing policies. Thus, the more you streamline purchasing, the better the chances of avoiding duplication of effort and human error. .

Spend management 172

Spend management Management Real-time Visibility Budget 172

Una

APRIL 27, 2023

Pain Points in Procurement Series The Consequences of Getting Procurement Involved Too Late Avoid getting procurement involved too late in the purchasing process. A poor purchasing decision is like a house on fire; expensive and destructive. But strategic purchases require procurement expertise to mitigate risk and control costs.

Procurement 98

Procurement Real-time Visibility Purchasing Risk 98

Jaggaer

FEBRUARY 14, 2019

In the simplest of terms, P2P solutions deliver improved processes as it relates to purchasing. It is the essential link between all purchasing functions and accounts payable within an organization and includes essential functions such as supply management, requisitions, purchase orders, receiving, and invoicing.

Purchasing 49

Purchasing Sourcing Real-time Visibility Budget 49

ivalua

OCTOBER 22, 2020

This year’s edition comes at an interesting time, with the Covid-19 pandemic having shifted Procurement priorities and employee working practices. In Gartner’s Magic Quadrant, they forecast the Procure-to-Pay software market to dip slightly this year, as companies focus on solutions with faster time to value.

supply chain software solutions 147

supply chain software solutions Procurement Real-time Visibility supply chain budgeting 147

ivalua

FEBRUARY 27, 2023

It also has an impact on procurement teams as they are responsible for managing supplier relationships, identifying opportunities for cost savings, and ensuring that goods and services are delivered on time and within budget. This ensures contracts remain favorable and all stakeholders comply with negotiated terms.

Real-time Visibility 130

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

Supply Chain Game Changer

SEPTEMBER 22, 2022

In the interim, requisitions, purchase orders, accounting, and receiving all work together to handle the finer details of the process. Spend Visibility. Spend visibility is a pretty big deal when it comes to procurement or any type of invoicing management for that matter. Real-time Spend Tracking.

supply chain budgeting 101

supply chain budgeting Real-time Visibility supply chain software solutions Procurement 101

Let's Talk Supply Chain

JULY 9, 2023

Operating in over 40 countries worldwide, SEKO lead the industry with innovative and customizable IT solutions, which provide a seamless flow of information to deliver their growing customer base true supply chain visibility. It’s about visibility, it’s about the experience.” You can increase your conversion by providing more options!”

Real-time Visibility 52

Real-time Visibility e2e Supply Chain Efficiency Raw materials 52

IBM Supply Chain Blog

FEBRUARY 19, 2024

They need strong SCM practices to help work out the logistics of transporting goods across long distances and through multiple countries without creating longer lead times or delays. Advanced software tools can automate some parts of forecasting, providing real-time updates and alerts when inventory levels are too high or low.

supply chain software solutions 89

supply chain software solutions Supply chain management Supply chain management Supply Chain Efficiency 89

IBM Supply Chain Blog

JUNE 30, 2023

Purpose Savvy sustainable consumers want end-to-end visibility into a product’s origins to ensure that it was sustainably developed and transported every step of the way. So make sure that you have real-time inventory visibility to deliver on your promises (what’s in-stock, when purchased items will ship and arrive).

Retail Supply Chain 66

Retail Supply Chain Supply Chain Efficiency Supply Chain Optimization supply chain budgeting 66

Una

MAY 11, 2023

Building a Procurement Function From Scratch With the right approach, building a procurement function from scratch can create streamlined and efficient processes that deliver real value to your organization. Build a team Once you’ve identified your goals and stakeholders, it’s time to start building your team.

Procurement 98

Procurement Real-time Visibility e2e Purchasing 98

Procurement Tactics

JUNE 8, 2023

Businesses use various methods of inventory management, each with its own advantages and disadvantages, depending on what they require. Inventory management is a way for companies to figure out what and how much they should order, and when to do it. Preventing stock-outs is another crucial aspect of inventory management.

Inventory 187

Inventory Management Real-time Visibility Inventory control 187

SCMDOJO

DECEMBER 28, 2023

According to a recent report by Global Web Index, modern shoppers distribute their attention across multiple social platforms and are increasingly likely to purchase products on their mobile devices. This integration ensures the visibility of inventory, efficient order processing, and synchronized fulfilment across all channels.

Supply Chain Efficiency 75

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization supply chain software solutions 75

World of Procurement blog

APRIL 23, 2024

Types of Procurement Technology E-Procurement Software: Automates purchasing processes, enabling digital purchase order creation, approval, and electronic invoicing. Businesses leverage procurement technology for: Automating Manual Processes: From issuing purchase orders to processing invoices, automation reduces errors and saves time.

Procurement 52

Procurement Supply Chain Efficiency Real-time Visibility Purchase orders 52

World of Procurement blog

MAY 10, 2024

Some of the key capabilities and use cases for AI in procurement include: Automating repetitive and routine tasks : AI can take over low-value tasks like invoice processing, purchase order creation, expense report auditing, and other administrative workflows. Overall, AI delivers unprecedented visibility into suppliers.

Procurement team 52

Procurement team Procurement Real-time Visibility Supply Chain Efficiency 52