The Procuretech Podcast

NOVEMBER 19, 2024

S2P and Vendor Management in the Energy Sector Praveen emphasises the importance of tailored procurement solutions for specific industries, particularly in the energy sector, where complex supply chains and massive capital projects are the norm. We'll be back at the same time next week, so see you there. Every one helps!

Vendor management 40

Vendor management Supply Chain Efficiency supply chain software solutions Real-time Visibility 40

Supply Chain Game Changer

NOVEMBER 16, 2021

It’s a good time to reflect on recent global events and what this should mean for the future. Despite the cataclysmic disruption caused by the pandemic, inertia will prevent real and sustainable progress from being made. And having the courage to implement these changes will be the real test of leadership.

Supply chain 89

Supply chain Real-time Visibility e2e Supply 89

Una

JANUARY 17, 2023

Zero visibility of the risks their ships faced, from storms to piracy and political instability, rendered those on shore helpless to intervene. That is why the most important gains in supply chain technology have been in the area of visibility. Vendor Management and Mitigating IT Supplier Risk. Internet of Things (IoT).

Supply Chain Efficiency 98

Supply Chain Efficiency Supply Chain Optimization Supply chain Real-time Visibility 98

Supply Chain Game Changer

MAY 4, 2021

Schedules would be adhered to, deliveries would be made on time, commitments would be met, financial results would be accurate, customers would be delighted, employees would be happy, and stakeholders would be sitting back at ease watching their company flourish. If forecasts were accurate there would be precision in execution and results.

Strategy 92

Strategy Real-time Visibility Agile and Lean Supply Chain Supply chain 92

Supply Chain Game Changer

JANUARY 22, 2021

Large businesses have already pushed limits to minimize human error, and it’s high time you build solid inventory management for growing your company. Let’s look at our highly recommended small business inventory management tips! Here’s why you should focus on building a robust inventory management system.

Inventory 98

Inventory Management Real-time Visibility supply chain software solutions 98

Spend Matters

MAY 8, 2023

Purchase Order (PO) collaboration for buyers and suppliers to know in real-time the status of POs and Scheduling Agreements (SA), acknowledgements, ASNs, etc. Forecast collaboration on forecasts and demand plans to anticipate shortages or bottlenecks and automate exception management.

Spend management 77

Spend management Management Real-time Visibility Collaboration 77

Spend Matters

MARCH 25, 2024

Having led multiple projects to select and deploy technologies and worked both as a practitioner and a consultant, he knows the amount of time and effort procurement puts into finding a practical solution to help them run more efficiently, and that spurred his move to form iKinetiq. “A But I don’t think this is necessarily a bad thing.

Procurement contracts 116

Procurement contracts Contract Procurement Negotiation 116

IBM Supply Chain Blog

DECEMBER 11, 2023

With a hybrid-cloud architecture, the airlines can deal with fluctuating volumes of data, such as during the busy holiday travel season, which requires scaling up resources and data in real-time to improve workflows and deliver better customer experiences. more value than a single public cloud alone.

Real-time Visibility 101

Real-time Visibility Data Strategy Networking 101

Procurify

JULY 4, 2022

When this happens, a lot of time and effort is lost trying to recover the money. . You should also set up approval sequences in your e-procurement software so you can have better visibility and insights into the procurement process. To prevent this, use a centralized and easily accessible vendor management catalog.

Real-time Visibility 59

Real-time Visibility Procurement Purchasing Budget 59

Finale Inventory

JULY 18, 2024

This helps adjust inventory levels, reducing the risk of stockouts and overstocking. Real-Time Monitoring: Employ technology to monitor inventory in real-time. Efficient Replenishment: Implement strategies to ensure products are available at the right time.

Inventory 52

Inventory Supply Chain Efficiency Management Real-time Visibility 52

SCMDOJO

OCTOBER 14, 2023

Initially, these were managed manually, but the intrusion of digital technologies revolutionized it. Now, real-time connections provide more accurate data and information, which helps create collaboration in the digital world. It has made visible changes in the SCM systems.

Supply Chain Efficiency 102

Supply Chain Efficiency supply chain software solutions Supply chain management Supply chain management 102

SCMDOJO

DECEMBER 14, 2023

Time is really important in business. Knowing how crucial time is for keeping customers happy and influencing what they buy, it’s clear that handling lead time (which means the time it takes to get things ready) is not just needed for business, but it also gives an edge in today’s competitive and complex economy.

Agile and Lean Supply Chain 91

Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization Real-time Visibility 91

Finale Inventory

SEPTEMBER 17, 2024

This integration ensures smooth communication and data synchronization, reducing manual errors and saving time. Imagine having a single dashboard that provides a comprehensive overview of your inventory, allowing you to monitor stock levels, track sales performance, and analyze customer buying patterns.

Inventory 52

Inventory Strategy Real-time Visibility Management 52

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. is crucial for maintaining strong vendor partnerships. One of the key benefits of is the ability to track vendor performance in real-time.

supply chain software solutions 40

supply chain software solutions Supply Chain Efficiency Management Procurement 40

Supply Chain Game Changer

SEPTEMBER 21, 2021

Is Just In Time Past Its Time? Most of the pre-pandemic Inventory Management strategies were centred around improving inventory turnover, keeping inventory levels as low as possible, and reducing the amount of cash tied up in inventory. Subscribe to Supply Chain Game Changer. Get Our EBOOK HERE.

Inventory 52

Inventory Agile and Lean Supply Chain Real-time Visibility Supply Chain Optimization 52

Finale Inventory

JULY 26, 2024

Key Challenges in Parts Inventory Management While efficient parts inventory management is essential, it comes with its challenges. This can make it challenging to keep track of stock levels and ensure that the right parts are available at the right place and time.

Inventory 52

Inventory Supply Chain Efficiency Strategy Management 52

Finale Inventory

JULY 16, 2024

Understanding Inventory Management in Ecommerce Before examining the various strategies, it is important to understand the significance of effective inventory management in the ecommerce industry. Without proper management, businesses can face challenges such as stockouts, overstocking, and increased operational costs.

Inventory 52

Inventory Strategy Management Real-time Visibility 52

Una

SEPTEMBER 22, 2022

It’s impossible to have the most current or newest application implemented at all times. Lack of visibility into spend and contract data also contribute to the difficulty of managing IT spend. There are times when cost reduction is a priority but the IT procurement process should take other factors into account as well.

Procurement 98

Procurement Real-time Visibility Contract Purchasing 98

Planergy

JANUARY 19, 2024

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. Taking your time throughout the process ensures you get the best possible match. Vendor analysis is crucial for risk management.

Vendor management 52

Vendor management Suppliers Quality Supply Chain Efficiency 52

Supply Chain Game Changer

NOVEMBER 11, 2018

This all requires that all products will be in place at precisely the right time for the beginning of the event. Retailers want to have a large quantity of the right goods in place to support the busiest time of year. Retailers must be adept and highly efficient at managing freight and logistics. SKU Management.

Retail Supply Chain 48

Retail Supply Chain Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization 48

Procurement Software

MARCH 5, 2024

Multi-functional technology enables you to train anywhere at any time, while ever-learning programming allows you to experiment and practice to achieve different outcomes. LavenirAI allows you to train anywhere, any time, so you can stay at the top of your game. The platform also offers supply and risk management insights.

Real-time Visibility 52

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

Pipefy

MARCH 28, 2024

Process orchestration is a process management method that empowers businesses to seamlessly interweave many automated processes, people, and software for increased productivity, time and cost savings, and security. A few process orchestration benefits include collaboration, visibility, and preset connectors and templates.

Real-time Visibility 52

Real-time Visibility e2e Collaboration Data 52

Planergy

MAY 25, 2023

Proper spend management also includes tracking and controlling company-wide spending, including procurement costs. Invoice Processing Invoice processing is simple in QuickBooks Online, but there is no real automation involved in the process. Supplier and Vendor Management Vendor management capability is decent in QuickBooks Online.

Spend management 52

Spend management Management Purchase orders Budget 52

Let's Talk Supply Chain

MARCH 1, 2023

Despite spending years building solutions to enhance productivity and visibility, companies simply can’t keep up with the volume and pace of decision making in today’s digital world. The time to start this journey is now. How do I make the best decisions at the moment of maximum impact, while minimizing bias and uncertainty?

Agile and Lean Supply Chain 52

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

Procurement Software

JUNE 20, 2023

But then we also included a couple in here which are a bit more specialist, focusing on one or two specific aspects of contract management. We plan to refresh the article a couple of times a year, as solutions are constantly adding features and new solutions come onto the market.

Contract management 52

Contract management Contract e2e Management 52

Finale Inventory

SEPTEMBER 19, 2024

Effective inventory management enables ecommerce businesses to streamline their order fulfillment processes, improve visibility into stock levels, and prevent overselling. This targeted approach can result in increased sales and customer loyalty, as businesses are able to offer the right products at the right time.

Inventory 52

Inventory Strategy Management Order Fulfillment 52

Zycus Cognitive Procurement

JULY 27, 2021

Although, this “a-ha” moment makes for great viewing, but we know that crimes are solved based on hard facts in real life. Once upon a time in procurement, a Chief Procurement Officer (CPO) may have been able to make decisions by relying on their instinct; after all, instinct is simply the product of years of distilled experience.

Procurement 40

Procurement Real-time Visibility Chief Procurement Officer e2e 40

Supply Chain Game Changer

NOVEMBER 15, 2018

They almost always happen within the standard lead time of the components you need. From your Customer to your CEO through to the entire Management chain and everyone in Production … they all want the needed parts NOW! There was an official Corporate department called Supply Line Management.

Strategy 48

Strategy Bill of materials Supply Chain Efficiency Inventory 48

The Procuretech Podcast

SEPTEMBER 7, 2021

Most large companies don't have good supplier performance data outside of the standard on-time-in-full (OTIF) measurements. Much trickier than measuring the performance of a raw materials vendor. Managing performance of direct vs. indirect suppliers. These are often not visible when looking at hard KPIs.

Raw materials 52

Raw materials Import Supplier relationship management Real-time Visibility 52

Supply Chain Game Changer

JANUARY 30, 2020

As I mentioned in my prior blogs, Inventory Turnover Breakthrough , we needed to take a holistic approach and we needed to tackle the high level levers that influence inventory levels. . There is no visibility to, ratification of, or governance of the demand being loaded into the ERP system. Raw Material Management.

Inventory 61

Inventory Agile and Lean Supply Chain Supply Chain Optimization Replenishment ordering 61

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 real value, however, is found when you look beyond cost savings. Streamline procurement processes: GPOs can handle the complexities of vendor management, contract negotiation, and risk management.

Purchasing 52

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

Planergy

JANUARY 18, 2024

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. Catalog management in procurement is the strategic process of managing and maintaining a product catalog within an organization.

Management 52

Management Procurement Supplier relationship management Real-time Visibility 52

Procurify

JUNE 8, 2022

This way, organizations can spend more time with fewer suppliers. . Supply base optimization requires a strategic plan so you can reduce the number of suppliers you currently have, and spend more time with the ones who are adding value to your organization. Current inventory. 6 steps for successful supply base optimization.

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting Supply 52

Supply Chain Game Changer

APRIL 16, 2019

There was no indication that there was a problem with cash flow at that time. There was virtually no general understanding of the importance of cash flow and proactive cash management. The strain and drain on cash was real, imminent, and alarming. They wanted payment on time. Solving the Case!

Agile and Lean Supply Chain 51

Agile and Lean Supply Chain Supply Chain Efficiency Supply chain Inventory 51

Zycus Cognitive Procurement

DECEMBER 18, 2020

Introduction: Supplier risk mitigation has become very important, especially in these times. With time, organizations did find ways to get their supply chains back up and running. Monitor: The final piece of the puzzle is continuously keeping an eye for events and news across various parameters on a real-time basis.

Risk 40

Risk Suppliers Real-time Visibility Supply chain 40

Procurement Software

JULY 9, 2024

Indirect procurement software, however, centres around purchase order management , expense tracking, and vendor management for non-production items. This integration allows for real-time tracking of direct spend and the efficient management of direct procurement categories.

Raw materials 40

Raw materials supply chain software solutions Procurement Supply Chain Efficiency 40

Procurement Software

JANUARY 23, 2024

It simplifies contracts, making them easy to understand, manage and interact with. At the same time, it also provides AI-powered management of contractual obligations and deliverables. Its use case-driven software aims to save you time and money by accelerating decision-making for procurement teams.

Procurement 52

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