The Thomas Blog

AUGUST 24, 2022

We have more than 120 years of expertise in connecting industrial buyers and suppliers, and we're happy to help share all we've learned from our data and relationships over the years. From a supplier's perspective, the industrial buying cycle is a two-step process: 1. The buyer finds a supplier to purchase the product or service.

Buyers 128

Buyers Buying process Suppliers Sourcing 128

Zycus Cognitive Procurement

FEBRUARY 4, 2021

Despite sourcing being central to supply chain and procurement processes and the business as a whole, it continues to take a backseat in most organizations’ digital transformation priorities. each event sees participation from scores of suppliers – often 250+ – placing bids across 60,000 to 80,000+ lanes.

Supply Chain Optimization 40

Supply Chain Optimization Sourcing Bidding Suppliers 40

ivalua

SEPTEMBER 24, 2020

Increased outsourcing has made businesses increasingly dependent on suppliers to drive innovation. A recent study by Forrester found that the single greatest factor in increasing a supplier’s willingness to collaborate with and share innovations with a customer was timeliness of and visibility into payments.

e2e 100

e2e supply chain budgeting Supply Chain Efficiency Suppliers 100

Procurement Insights

AUGUST 14, 2024

Supporting the Liquor Control Board of Ontario (LCBO) during a rail strike requires a procuretech provider that offers strong supply chain visibility, risk management, and flexibility in sourcing and logistics. Comprehensive Supplier Network 2. Supply Chain Visibility and Risk Management 3. Here’s why: 1.

Real-time Visibility 49

Real-time Visibility Supply Chain Visibility Supply Chain Efficiency Supply Chain Optimization 49

The Network Effect

SEPTEMBER 4, 2015

The basic definition of a supply “network” implies collaboration versus a supply chain which of course is serial in nature. If you’re impatient, I suggest you download the new white paper: Is your supply network really shelf-connected ?

Networking 58

Networking Collaboration Real-time Visibility Supply 58

NLPA (Next Level Purchasing Association)

JANUARY 16, 2024

By working closely with suppliers to improve quality and efficiency, procurement can help your company deliver a superior product or service, ultimately driving sales growth. Mitigating Risk : Supply chain disruptions, quality issues, and price volatility can all pose significant threats to your business.

Procurement 52

Procurement Supply Chain Efficiency Procurement team Supply Chain Optimization 52

The Network Effect

APRIL 7, 2015

DDVN’s seek to align and synchronize demand, supply, and product cycles, as well as enable the ability to sense and shape demand to generate a profitable demand response. This will also enable them to optimize both their production and distribution plans.

Networking 57

Networking Supply Supply Chain Optimization Distribution Planning 57

The Network Effect

AUGUST 7, 2015

Using these types of demand driven-based inventory replenishment policies enables retailers and their suppliers to reduce supply chain variability, optimize inventory levels, and minimize freight expense. If you’re impatient, I suggest you download the new white paper: Is your supply network really shelf-connected?

Distribution channels 58

Distribution channels Inventory Networking Supply Chain Optimization 58

Arkestro

MAY 10, 2023

As a special thank you, we’d like to offer you access to a few high value assets: Arkestro – Right Supplier. While it isn’t your healthcare plan, it does ensure your optimal care by managing a diverse network of data and actions. Supply scarcity and shortages, inflation, and supply chain disruptions are a few examples.

Supply Chain Optimization 52

Supply Chain Optimization Networking Spend management Procurement team 52

NLPA (Next Level Purchasing Association)

MAY 8, 2024

In today’s competitive business landscape, procurement professionals constantly seek ways to optimize costs and maximize value. By examining past purchases, spend analysis helps identify high spending areas, categorize suppliers, and uncover hidden costs.

Real-time Visibility 52

Real-time Visibility Supplier consolidation Suppliers Collaboration 52

NLPA (Next Level Purchasing Association)

FEBRUARY 29, 2024

In today’s dynamic business landscape, category management in procurement has become an essential weapon for procurement teams seeking to optimize spend, strengthen supplier relationships, and drive growth. Strengthen Supplier Relationships: Traditionally, supplier relationships have often been transactional.

Category management 52

Category management Management Procurement Supplier relationship management 52

NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

The Future of Procurement Technology Supplier Relationship Management (SRM) Enhancement: Justification : Strengthening supplier relationships through SRM initiatives fosters collaboration, innovation, and mutual growth. This results in better negotiation outcomes, improved quality, reduced costs, and enhanced overall value delivery.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

NLPA (Next Level Purchasing Association)

SEPTEMBER 21, 2023

The modern business landscape is constantly evolving, and this dynamism is especially evident in the areas of purchasing and supply chain management. In today’s connected world, supply chains have become more complex, with global reach, sustainability concerns, and rapidly changing market dynamics.

Procurement 52

Procurement Supply Chain Optimization Supply Chain Efficiency Supply chain management 52

NLPA (Next Level Purchasing Association)

APRIL 5, 2023

To succeed in this field, procurement professionals must possess a variety of competencies, ranging from negotiation and supplier management to risk assessment and financial analysis. It involves optimizing procurement processes and reducing costs while maintaining the quality of goods and services.

Procurement 52

Procurement Negotiation supply chain budgeting Supply Chain Optimization 52

EazyStock

MAY 24, 2019

Or maybe you’re a distributor who just received a regular order from a customer only to realize that your supplier is experiencing a longer lead time than usual for some unforeseen reason, and you won’t be able to fulfill your customer orders on time. Protect against unforeseen variation in supply. Sound familiar?

Inventory 53

Inventory Supply Chain Optimization Raw materials Demand 53

Jaggaer

AUGUST 12, 2020

Get the white paper on Sourcing Strategies: Why One Size Does Not Fit All , written by Michael Lamoureux of Spend Matters. Companies are starti ng to reengag e with key suppliers in an effort to reevaluat e sourcing strategies and how to approach the very uncertain future in this new Covid-19 environment. .

Sourcing 52

Sourcing Bidding supply chain software solutions Supply Chain Optimization 52

EazyStock

MAY 24, 2019

Or maybe you’re a distributor who just received a regular order from a customer only to realize that your supplier is experiencing a longer lead time than usual for some unforeseen reason, and you won’t be able to fulfill your customer orders on time. Protect against unforeseen variation in supply. Sound familiar?

Inventory 51

Inventory Supply Chain Optimization Raw materials Demand 51

NLPA (Next Level Purchasing Association)

MAY 7, 2023

Procurement teams need to be actively involved in the S&OP process to ensure that demand forecasts are accurate, supply plans are optimized, and inventory levels are balanced. Supply Risk Checklist Vendor Risk Management Your Business Strategy Is Foolproof, Right?

supply chain budgeting 52

supply chain budgeting Demand Strategic planning Demand Planning 52

Jaggaer

JANUARY 14, 2020

Whether your organization is purchasing raw steel, injection molded plastics, or fully finished office supplies and IT equipment, a st reamlined P2P system can be a game changer. By optimizing the areas where you spend the most, your compan y and organization can drive significant savings in your supply chain.

Supply Chain Efficiency 40

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

NLPA (Next Level Purchasing Association)

JULY 20, 2023

At its core, managing spend refers to the process of strategically controlling and optimizing the financial resources allocated for procurement and purchasing activities. This includes budgeting, forecasting, and optimizing the utilization of available funds. This directly contributes to the organization’s bottom line.

Management 40

Management supply chain budgeting supply chain software solutions Spend management 40

Arkestro

MAY 9, 2023

Simply put, organizations still aren’t harnessing the power of technology to its full effect — and they’re missing out on countless opportunities to optimize spending, decision-making, sourcing, and results. Yet far too many procurement teams are failing to optimize this digital technology era.

supply chain budgeting 52

supply chain budgeting Procurement Supply Chain Optimization Procurement team 52

Procurement Software

JULY 11, 2023

Operations and accounting are three disparate parts of organizations that are simply not equipped to efficiently share information and work together so that individual expenses are optimally managed. Procurement, in our defence, usually wants to treat the supplier fairy and pay smaller, loyal and well-performing suppliers on shorter terms.

Procurement 52

Procurement Chief Procurement Officer supply chain software solutions Supply Chain Optimization 52

Zycus Cognitive Procurement

JULY 29, 2021

How green procurement practices and robust supplier risk management can help organizations build superior brand equity and drive significant business outcomes. Giving importance to green energy suppliers, procuring eco-friendly products/packaging, and ensuring your business supports supplier diversity.

Sustainability 40

Sustainability Procurement Agile and Lean Supply Chain supply chain software solutions 40

Jaggaer

MAY 12, 2020

Supply-Chain and Invoice automation. Supplier enablement based on AI. Back in September 2018 Gartner wrote , “Technology product managers must develop AI solutions that are aligned with high-priority procurement use cases, enhance user experience and improve supplier loyalty to gain their confidence.”

Procurement 52

Procurement Supply Chain Efficiency supply chain software solutions Suppliers 52