ivalua

JANUARY 29, 2020

No organisation does everything itself, and whether we’re looking at buying raw materials, components, innovative technology, or sourcing the best in marketing or professional services, the whole process of engaging and working with suppliers must reflect this need for speed and agility. .

Collaboration 164

Collaboration Innovation Agile and Lean Supply Chain Procurement 164

Planergy

JANUARY 16, 2025

Modern Spend Management and Accounts Payable software. Helping organizations spend smarter and more efficientlyby automating purchasing and invoice processing. Inventory Inventory includes raw materials, work-in-progress goods, and a company’s finished goods. What's PLANERGY?

Inventory 52

Inventory Raw materials Purchasing Risk 52

ivalua

FEBRUARY 27, 2023

Ivalua Spend Management Insights [ivory-search] Procurement Rising: The Silent Inflation Tax on Manufacturers February 27, 2023 | | Manufacturing by Doug Keeley Last year, the Consumer Price Index was the highest it has been in four decades, making inflation one of the most concerning macroeconomic factors facing the business world today.

Real-time Visibility 130

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

Spend Matters

APRIL 4, 2024

Data Semantics uses Serina, an AI-enabled tool, to support organizations in automating and managing their AP invoice processes through advanced OCR, automated approval workflows and detailed analytics.

Procurement 110

Procurement Raw materials Risk management supply chain software solutions 110

Procurement Insights

DECEMBER 6, 2023

” Here is the first post on Zycus – “ Doing What Comes Naturally: Accessing Zycus Spend Management Innovation Through A Simplified and Practical User Interface (Zycus Inc. Ensuring they are best placed to reduce costs, manage risk and increase their efficiency, helping to maximise margins.”

Raw materials 72

Raw materials Price supply chain budgeting Supply Chain Efficiency 72

Supply Chain Game Changer

DECEMBER 12, 2018

Procurement is the process of translating customer requirements into the selection of highly capable suppliers, to timely, accurately, cost-effectively deliver high quality, mission-critical inputs and raw materials to internal customers. The hallmark of the domain of the CPO role is Spend Management and requires a profound skill set.

Chief Procurement Officer 58

Chief Procurement Officer Raw materials Spend management Innovation 58

Planergy

MARCH 12, 2025

Modern Spend Management and Accounts Payable software. Helping organizations spend smarter and more efficientlyby automating purchasing and invoice processing. You may continue to rely on imports for components, raw materials, or technology. What's PLANERGY? Download PDF Whats your goal today?

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization supply chain software solutions 52

Procurement Software

MARCH 11, 2022

This enables the material or part in question to be freely sourced from other suppliers. Purity / grade and tolerance are also important for raw materials and purchased parts for production. If you don’t manage this correctly in pricing and data records, this can easily be exploited on invoices by your suppliers.

Data 52

Data Raw materials Procurement Suppliers 52

Procurement Software

MARCH 11, 2022

This enables the material or part in question to be freely sourced from other suppliers. Purity / grade and tolerance are also important for raw materials and purchased parts for production. If you don’t manage this correctly in pricing and data records, this can easily be exploited on invoices by your suppliers.

Data 52

Data Raw materials Procurement Suppliers 52

The Procuretech Podcast

JULY 31, 2024

Inventory Management: We discuss the importance of handling raw materials and components, highlighting the need for advanced inventory systems and effective BOM spend management. In this episode, we delve into the unique requirements of direct procurement and why it necessitates a specialised tech stack.

supply chain software solutions 40

supply chain software solutions Raw materials Supply Chain Efficiency Supplier relationship management 40

Procurement Software

MARCH 11, 2022

POs for Materials. Raw materials and components parts used in manufacturing are usually inventoried and listed according to a bill of material (BoM). This means there is some master data created in the system which is both managed and maintained to a varying extent. What is a Free Text Purchase Order?

Risk 52

Risk Purchase orders Spend management Purchasing 52

Procurement Software

MARCH 11, 2022

POs for Materials. Raw materials and components parts used in manufacturing are usually inventoried and listed according to a bill of material (BoM). This means there is some master data created in the system which is both managed and maintained to a varying extent. What is a Free Text Purchase Order?

Risk 52

Risk Purchase orders Spend management Purchasing 52

Procurement Software

JULY 9, 2024

Direct procurement involves acquiring raw materials and components essential for your production process. These requirements can – and often do – override opportunities to deliver savings by switching suppliers for raw materials and component parts. How does tech for direct and indirect procurement differ?

Raw materials 40

Raw materials supply chain software solutions Procurement Supply Chain Efficiency 40

Zycus Cognitive Procurement

JULY 6, 2022

The cost of raw materials and other direct costs are easily identifiable and often make up a significant chunk of a company’s expenses. However, another category of spending is just as important but often more difficult to track: indirect costs. Indirect spend can quickly spiral out of control if left unchecked.

Category management 52

Category management Competitive bidding Raw materials Eprocurement 52

Claritum

MAY 11, 2018

These include access to cheap raw materials and products, tax breaks and reduced labour costs. A better solution to this problem is to utilise cloud based spend management technology. Does your business source products and services from global markets?

Global sourcing 32

Global sourcing Sourcing Chief Procurement Officer Real-time Visibility 32

Planergy

JANUARY 12, 2023

They supply components or assemblies derived from raw materials by Tier 1 suppliers. In the case of the t-shirt company, tier three is the raw material – cotton from a plant farm. Remember that tier 3 isn’t always a raw material, but in this example, it is. This is true of any finished product.

Suppliers 52

Suppliers Supply Chain Efficiency Raw materials supply chain budgeting 52

Jaggaer

JANUARY 14, 2020

However, by focusing only on your largest spend categories, you may be overlooking easy opportunities for big savings. . Indirect Spend in a Direct Environment. When direct spend is already managed efficiently and teams work harder for every penny saved, indirect spend often sits ignored, with quick wins sitting untouched.

Supply Chain Efficiency 40

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

Planergy

DECEMBER 29, 2022

Managing marketing procurement can help to ensure that the raw materials needed to create a product are available when they are needed. This, in turn, can help to save time and money by avoiding production delays due to a shortage of materials. Use PLANERGY to manage purchasing and accounts payable. Download PDF.

Procurement 52

Procurement Raw materials supply chain budgeting supply chain software solutions 52

Planergy

JULY 5, 2022

Some areas to focus on could be: Human Rights – Making an effort to improve working conditions not just at your company, but in the factories where your raw materials come from. Procurement experts have been familiar with using a clean sheet analysis of components in raw material cost. Download PDF.

Sustainability 52

Sustainability Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 52

Planergy

AUGUST 2, 2022

In the marketplace today, we work in a take-make-waste structure, as raw materials are taken from the Earth, raw materials are turned into other items, and then discarded as waste. This defective waste management system cannot last indefinitely as our resources are limited. Download PDF. What’s your goal today?

Sustainability 52

Sustainability Raw materials Supply Chain Efficiency Ethics 52

Procurement Software

MARCH 28, 2023

What is Addressable Spend? Addressable spend is anything where you fundamentally can choose whether or not you decide to purchase it from a specific vendor. For example, the raw materials to produce a finished product would normally be considered addressable spend. So would Marketing and most IT spend.

Contract 52

Contract Purchasing Procurement team Purchase orders 52

Procurify

JULY 4, 2022

To fast-track purchases, you can automate the purchasing process by creating a workflow in a spend management platform such as Procurify. . This bleak forecast signals potential price increases of raw materials and changes in foreign exchange prices. . The employee makes a purchase and submits the invoice .

Real-time Visibility 59

Real-time Visibility Procurement Purchasing Budget 59

Planergy

JULY 21, 2023

You don’t pay for the service if no content needs to be created, so there’s no need to keep a retainer or spend money on unused services, allowing for better control over spend management. This typically includes raw materials and components. Download PDF What’s your goal today?

Management 52

Management Procurement supply chain budgeting Budget 52

Supply Chain Game Changer

AUGUST 6, 2019

Now also consider that companies can spend as much as 75% or more of their revenue on the Procurement of goods and services. From raw materials to outsourced services and everything in between Procurement can control the vast majority of spend within a company. Procurement Responsibilities.

Management 48

Management Procurement Category management Chief Procurement Officer 48

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. It will ease out the processes of analyzing spend, managing relationships with customers/vendors and suppliers, automating source-to-pay (S2P) workflows, and fostering internal collaboration.

Procurement strategies 52

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

Procurify

JULY 20, 2022

So, what are the common challenges purchasing managers face today, and how can they address them? Risk management and mitigation. Risk management and mitigation is a primary purchasing challenge today. Before, purchasing managers often prioritized spend management. Lack of visibility.

Purchasing 52

Purchasing Management Supply Chain Efficiency supply chain software solutions 52

Planergy

SEPTEMBER 12, 2023

Backward (Upstream) Integration In contrast, backward integration refers to a company’s expansion toward the beginning of the supply chain, taking control of the production of raw materials or components used in its products. Download PDF What’s your goal today?

Supply Chain Efficiency 52

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

Planergy

OCTOBER 26, 2023

Modern Spend Management and Accounts Payable software. Helping organizations spend smarter and more efficiently by automating purchasing and invoice processing. What's Planergy? But do you know how quickly your company is doing that? Download PDF What’s your goal today?

Inventory 52

Inventory Supply Chain Efficiency Purchasing supply chain software solutions 52

Planergy

AUGUST 8, 2023

Because of this, RFQs are most commonly used when purchasing standard products or raw materials that don’t need customization. Effective procurement management lies in knowing which procurement method to use and when. You should use an RFQ when you know exactly what you want and need to compare pricing better.

Sourcing 52

Sourcing Suppliers Procurement Bidding 52

Planergy

JANUARY 26, 2023

Always have another supplier for any mission-critical raw materials in case there are issues of any kind with your primary suppliers. While that doesn’t sound like much, nearly $14 billion in cargo couldn’t dock. What to Do About It Establish an emergency fund to account for changes in exchange rates and cost overruns.

supply chain software solutions 52

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

Empowering CPO

JUNE 20, 2023

In the realm of spend analysis, two terms often come to the fore: “direct spend” and “indirect spend” These categories divide organizational expenditure into two broad camps, each with its unique characteristics, challenges, and opportunities. Examples Raw materials, manufacturing equipment.

Supplier consolidation 40

Supplier consolidation Negotiation Suppliers Spend management 40

Procurement Software

JUNE 6, 2023

Or marketing services required by a brand manager. Whereas for raw materials and purchased parts, procurement teams will typically just order whatever they did the last time. Perhaps consultancy to support sustainability goals. It’s highly unlikely that any two purchase orders for each of these services will be the exact same.

Procurement 52

Procurement Purchase orders Contract Suppliers 52

Planergy

AUGUST 16, 2022

Quality Quality management is a crucial part of business strategy. If you’re dealing with subpar raw materials, it’s impossible to build a quality product your customers will love. If your suppliers are sourcing poor-quality materials, you can’t produce quality. Use PLANERGY to manage purchasing and accounts payable.

Suppliers 52

Suppliers Management supply chain budgeting Supplier relationship management 52

Planergy

JUNE 23, 2022

Manufacturing overhead is always calculated using indirect costs, while total manufacturing cost also includes the cost of raw materials, direct labor, and overhead costs. Use PLANERGY to manage purchasing and accounts payable. Download PDF. What’s your goal today?

Inventory 52

Inventory Price Raw materials Purchasing 52

Planergy

JULY 18, 2023

Inventory – raw materials, finished goods, and works in progress Accounts receivable, minus allowances for any payments expected to be written off as bad debts. treasury bills, etc. Prepaid expenses – rent, insurance premiums, utilities, etc. Short-term investments the company plans to sell within 12 months.

Import 52

Import supply chain budgeting Inventory Budget 52

Procurement Software

JULY 4, 2023

Blockchain can be used across various industries, including both finance and end-to-end supply chain management. In the procurement space, however, where it comes into its own is the opportunities it offers for time stamped, fully auditable smart contracts, as well as for raw material traceability in the supply chain.

Supply Chain Efficiency 52

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

Planergy

NOVEMBER 10, 2022

Waiting until you are completely out of an item, especially raw materials, before reordering is a recipe for disaster. Use PLANERGY to manage purchasing and accounts payable. Use software to track your inventory levels, so you always have an up-to-date picture of what you have on hand. Download PDF. What’s your goal today?

Management 52

Management Inventory Import Suppliers 52