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Unlocking Success: Why Strategic Sourcing Is Important for Your Company

Precoro

To enhance their competitive edge, companies across industries are adopting a key tactic: strategic sourcing. Strategic sourcing is a holistic approach to supply chain management that includes tactics for optimizing the total cost of ownership, improving supplier relationships, and ensuring long-term value creation.

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How Risk Management Software is Transforming 3 Industries!

Supply Chain Game Changer

That’s where supply chain risk management software comes in. SCRM software helps companies manage their supply chains by centralizing every aspect of their operations into one place so they can see where problems are occurring before they happen. In fact, 89% of businesses encountered a supplier risk event in the last five years.

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Metrics that Matter: Customer Service

QAD

Inventory accuracy and minimizing stockouts are very important to customer satisfaction, but a few other metrics also impact the ability to meet customer expectations. Companies can use these metrics to help ensure they are doing everything possible to satisfy their customers at a manageable and sustainable cost. Choosing Metrics.

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Four Ways of Using Cluster Analysis in Retail Management to Improve Sales

Logistics Viewpoints

This blog will review how category managers and supply planners can use cluster analysis to make smarter decisions and grow sales. Price index and price elasticity are useful metrics on their own, and a combination of these can help determine the right price point to maximize revenue and profit. The retail industry is rich with data.

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Using Advanced Analytics to Improve Your Sourcing Outcomes

EC Sourcing Group

Analytic techniques include data mining, eSourcing software , semantic analysis, complex event processing, predictive modeling, and other business data examinations. Read on to better understand of advanced analytics, their benefits, and how they will improve your sourcing outcomes. Examples of Advanced Analytics.

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Why manufacturers should integrate business intelligence tools into their ERP software

SYSPRO Smarter ERP

Bringing in additional outside data sources can make analysis even more powerful by enabling one to look at a question from a more holistic point of view. The post Why manufacturers should integrate business intelligence tools into their ERP software appeared first on SYSPRO Blog. ERP and business intelligence.

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

Logistics Viewpoints

Their metrics are often misaligned as well – supply chain focuses on service and procurement focuses on the cost of acquiring materials and services. Optimize sourcing: Focus on optimizing sourcing spend across all categories of products. This approach results in inefficiencies, higher costs, and missed opportunities.