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Procurement KPIs & Metrics: What To Focus on and How To Measure

Precoro

In today's competitive market, where it's not all about cost savings, tracking procurement performance and aligning it with business goals and objectives is a must-have. So how do you measure the effectiveness of procurement operations within your organization? What Are Procurement KPIs, and Why Use Them?

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Hutchinson Expands its Procurement Digitalization Roadmap with Ivalua

ivalua

Ivalua, a global leader in spend management , and its partner Axys Consultants today announced that Hutchinson has selected Ivalua’s eProcurement software to expand the scope of its currently implemented solution and meet its evolving procurement requirements. In 2022, it generated a revenue of €4.400 billion.

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Supply Chain Optimization Explained

ThroughPut

Powered by data analytics and advanced technologies, every stage of the supply chain can be critically analyzed, starting from procurement to distribution to identify and prioritize improvement opportunities. This opens up avenues to save procurement, transportation, inventory, and warehousing costs. What is Supply Chain Optimization?

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15 Types of Manufacturing Software (+ Who Benefits from Each)

Unleashed

There is a range of manufacturing software now available to help businesses streamline their processes and maximise efficiency. Here we look at 15 types of manufacturing software, and for each answer three questions: What are the main functions of this software? What type of business is this software suited to?

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The Insider’s Guide to Choosing the Best Inventory Management Software for Your Business

RFgen

Key Takeaways: Inventory management software with built-in automation has been found to increase accuracy and profits. There is no one-size-fits-all solution for inventory management software—it’s about the best product for your business objectives and industry. accuracy and more. billion by 2029.

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How Perpetual Inventory Systems are Transforming Business Operations

RFgen

These systems not only streamline inventory control, but also transform warehouse processes into a powerful tool for competitive advantage. If your operation uses Enterprise Resource Planning (ERP) software, the perpetual inventory system updates the ERP as inventory transactions occur. Or reduce carrying costs.

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Ethics in Procurement – Simple, but Not Always Easy

Logistics Bureau

If you have not yet tackled the question of ethics in procurement, now is a great time to start. It does not matter whether you are a procurement professional, internal customer, external customer, senior executive, or supplier. Procurement is what sets entire supply chains and their organisations in motion.