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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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Buy vs. Build: Should You Purchase Software or Create Your Own?

Parade

It’s a question as old as software itself. Here, we explore the top five reasons why you should consider a third-party software provider instead of building your own. With software, that overrun can be costly, , according to McKinsey. In-house builds have no such luxury.

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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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Unlock a Lean and Resilient Supply Chain: The Value of Predictive Planning Systems

Vanguard Software

So, too must we re-evaluate what it means to have a lean supply chain. Let’s face it; we are in the throes of learning a brutal lesson: Keeping a supply chain resilient is just as important as keeping it lean. And that means we must now include in our definition of lean: efficient, agile, and elastic. Download eBook.

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Cognitive Technologies are Enhancing Customer Service

Enterra Insights

Haas and his colleagues explain, “For many companies, helping consumers make purchase decisions by delivering relevant content throughout the buying cycle is a top priority. ” 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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Manufacturing Inventory Management: The Manufacturer’s Guide

Unleashed

It refers to the process of purchasing, storing, and tracking the various goods required to build a product. Manufacturing inventory management requires a coordinated approach across production, purchasing, sales, and logistics departments. Ordering and purchasing the required materials from suppliers at the right time and quantity.

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

Locus

The pivotal question arises: Should businesses construct their last-mile solution or acquire it from a tech partner ? Large organizations, often bogged down by complex roadmaps, may benefit from purchasing solutions to maintain innovation pace. Read Also: Buying vs. Building Logistics Software: How to Choose?