Remove blog-category secure-payment
article thumbnail

The One Key Shift in Your Supply Chain and Procurement Strategies that can Drive Better Business Continuity and Resilience

Logistics Viewpoints

Traditionally what we typically refer to as indirect goods are mostly in Category 4. However, there are likely to be indirect goods that fall within Category 1 and Category 2 as well. What we categorize as “direct goods” can also fall within all the four categories but the biggest area of direct goods spend is within Category 1.

article thumbnail

3 Ways Procurement Can Help Grow Revenues (Part 2)

ivalua

In part 1 of this blog I looked at how procurement can actually create new revenue opportunities. The top being visibility into and timeliness of payments. Digitize to enable effective collaboration across more suppliers and categories. Manage categories like a financial portfolio. Unlocking Supplier-Led Innovation.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Decoding the Procurement Department: A Comprehensive Guide to Roles and Responsibilities

SCMDOJO

This department manages the selection, acquisition, and payment of goods and services needed to run a business. In this blog, we will be breaking down these roles and responsibilities for you and highlighting the importance of this very underrated organizational department. Developing exit strategies for unsuccessful products.

article thumbnail

How the procurement role should evolve in the new supply chain

SYSPRO Smarter ERP

A secure portal that allows suppliers to check orders and payments can assist suppliers in working with your company. A/P can support procurement in areas such as payment and budgetary controls. The post How the procurement role should evolve in the new supply chain appeared first on SYSPRO Blog.

article thumbnail

Unlocking Success: Why Strategic Sourcing Is Important for Your Company

Precoro

In this blog post, we explore what constitutes the strategic sourcing process, how to design and execute such a process, and how it can help your organization thrive. It's not about the lowest price anymore, but rather about security in the established partnerships, minimized risks, and continuous supply availability.

article thumbnail

Doing Business in Thailand

QAD

billion in 2017, making it number 25 in the category. Primary categories of imports include machinery, crude oil, chemicals, iron, steel, integrated circuits, automobile parts, jewelry, silver and gold bars, computers, household appliances, soybeans, wheat, cotton and dairy products. Thailand imported $203.2 Total taxes equal 29.5%

article thumbnail

KPIs That Purchasing Executives Need

Silvon Software

In this blog post, I discuss the top spend areas of most manufacturing organizations, important measures to analyze in each, and how these measures (or KPIs) can impact the business. An analysis of how much is due to your vendors and when, and the value of overdue payments as a percent of total payments due. AT A HIGH LEVEL ….