Procurement Insights

NOVEMBER 18, 2024

Choosing the best source for procurement and supply chain information and practical guidance depends on your organization’s needs, the type of advice you seek, and the stage of your procurement transformation. Downsides : High cost and potential misalignment with small or medium-sized enterprises.

Supply Chain Efficiency 40

Supply Chain Efficiency supply chain budgeting supply chain software solutions Ethics 40

The Network Effect

APRIL 16, 2015

It is difficult to come across many supply chain leaders today who do not subscribe to the principle of Demand-Driven Supply Chains. As supply chain experts we continue to write about, provide webinars, present at conferences, and assist numerous client companies to progress towards the Demand-Driven Supply Chain model.

supply chain budgeting 66

supply chain budgeting supply chain software solutions Demand Supply Chain Optimization 66

SCMDOJO

APRIL 26, 2023

Category Management Software What is Category Management in Procurement? Using category management software is ideal as it creates visibility and efficient management. To have an efficient supply chain system, category management through efficient supplier management is important to achieving this objective.

Category management 108

Category management Management Supplier relationship management supply chain software solutions 108

NLPA (Next Level Purchasing Association)

FEBRUARY 14, 2024

Case Studies in Action Walmart’s Transformation : Walmart leveraged its procurement strategy for cost savings and supply chain efficiency. This reduced costs and fostered supplier innovation. They achieved this through supplier collaboration (sharing data) and consolidation (negotiating with fewer suppliers).

Procurement strategies 52

Procurement strategies Supply Chain Optimization Strategy Procurement 52

NLPA (Next Level Purchasing Association)

JULY 20, 2023

This includes budgeting, forecasting, and optimizing the utilization of available funds. Cultivating strong supplier partnerships enhances collaboration, fosters innovation, and ensures a reliable supply chain. This involves reviewing historical expenditure data to identify patterns, trends, and opportunities for cost reduction.

Management 40

Management supply chain budgeting supply chain software solutions Spend management 40

IBM Supply Chain Blog

MARCH 28, 2023

Watch a webinar on cloud data warehousing Resolving the challenges of a monolithic data architecture Software vendors understand these challenges, and several have tried to address the challenges in their own way. Fortunately, the IT landscape is changing due to a mix of cloud platforms, open source and traditional software vendors.

Data 73

Data Price Sourcing Quality 73

NLPA (Next Level Purchasing Association)

APRIL 5, 2023

With the increasing complexity of supply chains and the growing importance of sustainability and social responsibility, the role of procurement professionals has become more critical than ever. 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

Spend Matters

MARCH 11, 2024

Tech newcomers to PSI and Spend Matters FISCAL We met David Griffiths, CEO of FISCAL , a P2P risk management solution offering fraud forensics and SaaS risk software. Procurement was expected to generate one-third of the expected business value; transforming procurement and supply chain was key.

Procurement strategies 101

Procurement strategies Innovation Strategy Procurement 101

ivalua

JULY 21, 2020

Procurement has been uniquely placed on the business front line of this crisis in helping to pivot supply chains from producing make-up to face masks and to finding thousands of items of remote working equipment overnight, or from manufacturing parts for car engines to ventilators.

Procurement team 130

Procurement team Collaboration Procurement supply chain budgeting 130

Finale Inventory

SEPTEMBER 23, 2024

By accurately forecasting your inventory needs and maintaining good communication with your suppliers, you can establish mutually beneficial partnerships that lead to better pricing, faster delivery times, and improved overall efficiency in your supply chain.

Inventory 52

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

Slimstock

MARCH 26, 2019

As international supply chain executive Sara Ireton indicates in Industry Week , it’s important to recognize “the success of one partner helps the success of the other.” Technology solutions like enterprise resource planning software can provide greater visibility into myriad areas of your business critical to meeting customer needs.

Procurement 66

Procurement Chief Procurement Officer Supply Chain Optimization Raw materials 66