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Is It a Good Idea to Invest in Hiring a Purchasing Manager?

Precoro

The question arises: when to separate purchasing management tasks into an autonomous operational role and hire a designated professional? There is no universal answer to this question, as purchasing process, procurement policies, goals, and volumes differ not only in the industries but even from company to company.

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CPG earnings report: Data technology tackles headwinds, helps meet demand

crisp

General Mills reported that ongoing value-seeking behaviors from consumers is influencing both the channels they shop and basket sizes, creating headwinds to the company’s margins. What are CPG executives reporting on the sustainability front? What’s the response to this shift in consumer behavior by the leaders in the CPG industry?

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What to Look for in Procurement Software Solutions

EC Sourcing Group

Procurement software covers a lot of bases, and there are many facets to procurement management that could potentially be streamlined and automated if you haven’t done so already. Every procurement and purchasing department is different, and thus, everyone has a different set of needs and standards. Run analytics.

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The 6 data points to keep in your back pocket (and how to get them)

crisp

In this guide, we’ll show you what metrics those are, easy ways to find them, and how you can use them to accelerate your brand’s retail growth. Now that you know how to access your retail data easily and often, here are the metrics you’ll want to keep on hand: Velocity. Retail data: A brand’s greatest asset. Distribution.

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Cognitive Technologies are Enhancing Customer Service

Enterra Insights

Minkow reports her company’s top ten retailers this year are: Target, Apple Store, Sephora, Home Depot, DSW, Levi Strauss, Nike, Walmart, American Eagle, and Ulta. ” Complicating this challenge is the fact that consumers can easily hop on and off the digital path to purchase. That isn’t always easy.

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Inventory Optimization 101 – Smart & Effective Inventory Management

ThroughPut

Inventory analytics can go a long way in understanding and improving the inventory performance and often done by an inventory manager. Keeping dead stock for longer periods of time (usually beyond 12 months) can add to the dead weight and impact the purchase of similar items in the future, thus hampering overall inventory management efforts.

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Buy vs Build: How to Get the Best of Both Worlds From Your Last Mile

Locus

Large organizations, often bogged down by complex roadmaps, may benefit from purchasing solutions to maintain innovation pace. Established enterprises with stable IT platforms might lean towards building their solutions for easier integration and change management. Schedule a demo with our experts!