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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. Have inventory management.

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How to Build a Digital Procurement Ecosystem in 8 Minutes!

Supply Chain Game Changer

In this post, I’d like to suggest a mapping of a digital procurement ecosystem, dive into the necessity for these functionalities, and draw some conclusions as to how these focus areas can drive performance in an overall procurement organization. The Digital Procurement Ecosystem. Digitization vs. Digitalization.

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

Precoro

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. There are several undeniable benefits of hiring purchasing managers, as they immediately affect various procurement KPIs. Increased Savings.

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What are the best Supply Chain Strategies for 2021

ivalua

Efficiency concepts like using lean initiatives and just-in-time delivery to manage inventory have become commonplace for many years and have made individuals like Deming household names in many business schools. Reallocating their volumes and splitting between regions means increasing production costs for the security of supply. .

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How to Use Information Technology in Supply Chain Management

EC Sourcing Group

However, the use of information technology in supply chain management has streamlined the world of procurement and purchasing through supply chain management, cloud software, and other types of IT that help boost supply chain efficiency. However, IT can be used in other ways as well, including: Integrated supply chain. Cost reduction.

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How Do Key Market Trends Impact Your Demand Planning?

Demand Solutions

If your company falls into this category, you can greatly enhance your forecast accuracy by leaning on your demand planning solution to do the dirty work: - Run your initial forecast numbers through the system’s exception-based filters to flag exceptions. - Procurement has its version of the truth.

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How Do Key Market Trends Impact Your Demand Planning?

Demand Solutions

If your company falls into this category, you can greatly enhance your forecast accuracy by leaning on your demand planning solution to do the dirty work: - Run your initial forecast numbers through the system’s exception-based filters to flag exceptions. - Procurement has its version of the truth.