EC Sourcing Group

JANUARY 25, 2022

The process of procurement has significantly advanced in recent decades, mainly due to the internet and cloud-based applications that can help streamline the process. Today, the benefits of procurement software are many, but there are a lot of choices out there—having the right software is imperative for procurement optimization.

Procurement Solutions 52

Procurement Solutions Optimal Sourcing Procurement Analytics Supply Chain Software 52

EC Sourcing Group

JANUARY 25, 2022

The process of procurement has significantly advanced in recent decades, mainly due to the internet and cloud-based applications that can help streamline the process. Today, the benefits of procurement software are many, but there are a lot of choices out there—having the right software is imperative for procurement optimization.

Procurement Solutions 52

Procurement Solutions Optimal Sourcing Procurement Analytics Supply Chain Software 52

EC Sourcing Group

OCTOBER 4, 2022

Strategic Sourcing Solutions to Enhance Your Bottom Line. Strategic sourcing is vital to procurement and the supply chain overall, as it allows companies to gain the lowest cost of a good or service while minimizing supply chain risk. What Is Strategic Sourcing?

Negotiating Skills 52

Negotiating Skills Purchasing Skills Sourcing Strategies Procurement Solutions 52

ivalua

NOVEMBER 26, 2019

In my previous posts, I looked at how to successfully launch a digital transformation and progress to best-in-class Procurement. Most leaders seem to track their progress with metrics such as percent of spend managed and digitization levels, defining best-in-class as being the top quartile or similar high percentage.

Optimal Sourcing 130

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 130

Resilinc

FEBRUARY 16, 2021

Predictive analytics tool leverages AI to identify how a supplier will perform by analyzing past events and on-time delivery data. We’re pleased to announce the launch of our Predictive Purchase Order (PO) On-Time Delivery solution.

Procurement Solutions 62

Procurement Solutions Procurement Analytics Predictive Analytics Software Predictive Analytics 62

EC Sourcing Group

OCTOBER 5, 2021

How to Streamline Your Procurement Process from Weeks to Hours. When contract management and procurement software first arrived on the scene, overnight it became an easy way to streamline the procurement process. However, the sourcing and procurement process flow constantly changes, and its needs do as well. .

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 52

EC Sourcing Group

JULY 28, 2020

Objectives of Procurement Management. The objectives of procurement management can range from the most general, such as “buying goods and services,” to the more complex, such as “supporting organizational goals within the team.” What Is Procurement Management? Objectives of Procurement Management: Managing Contracts.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 52

Supply Chain Shaman

NOVEMBER 11, 2020

The discipline, first defined in 1982, includes source, make, deliver, and planning functions. One of my favorite supply chain leaders has a stack of Palantir reports in black binders on his desk. Kinaxis Purchase of Rubikloud. Kinaxis Purchase of Rubikloud. The Rubikloud acquisition was a $60M cash purchase.

Supply Chain Design Software 297

Supply Chain Design Software Procurement Solutions Manufacturing Procurement Supply Chain Planning Software 297

Supply Chain Game Changer

APRIL 15, 2020

Digital Procurement article, and permission to publish here, provided by Sam Jenks at kodiakrating.com. Navigating the complexity of the global supply chain as a procurement professional can sometimes feel like taking a walk through the Amazon without a compass, or entering into outer space without an oxygen tank. Don’t Panic!

Procurement Solutions 90

Procurement Solutions Procurement Analytics Procurement Eliminating Excel in Purchasing 90

EC Sourcing Group

DECEMBER 29, 2020

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.

Procurement Solutions 52

Procurement Solutions Inventory Management Software Analytics Software Modeling Software 52

crisp

DECEMBER 15, 2021

One of the big catalysts for change right now is the acceleration of data and analytics in supply chain management. A recent survey of procurement leaders showed a 15-20% increase in ROI when using data and analytics to make decisions. That same survey showed that up to 50% of procurement teams’ time was spent looking for data.

Procurement Analytics 98

Procurement Analytics Supply Chain Planning Software Manufacturing Procurement Material Savings 98

Resilinc

MARCH 26, 2024

In our second AI blog of the series, Predictive AI vs. Generative Supply Chain AI , we looked at the difference between predictive AI and generative AI. Currently, Resilinc uses several predictive AI models in tracking purchase orders (POs) and commodities, autonomous mapping, risk-scoring models, and simulators.

Modeling 114

Modeling Supply Chain Risk Management Modeling Software Risk Management 114

EC Sourcing Group

MAY 28, 2020

What Are the Goals of Procurement Management? The goals of procurement management are generally to acquire goods and services with the highest quality at the lowest cost to create an end product. For instance, every purchasing department wants to lower costs and be more productive, so these are concrete goals. .

Procurement Analytics 52

Procurement Analytics Procurement Solutions Purchasing Skills Procurement 52

ThroughPut

MARCH 24, 2024

Food & Beverage giants like Kellog’s reported on the state of breakdown in supply chain management. However, these models have tremendously faltered, when they have not altogether failed because of superior intelligence. The unavailability of raw materials and changing consumer patterns heavily impacted demand.

Supply and Demand 52

Supply and Demand Optimal Sourcing Forecasting Modeling 52

Precoro

SEPTEMBER 22, 2022

When repeatedly ordering large amounts of the same goods from one supplier, managing purchase orders and adequately planning the expenditures becomes quite tricky. That's where blanket purchase agreements come in handy. What is a Blanket Purchase Agreement, and Why Use It? How to Set Up Blanket Purchase Agreements in NetSuite.

Pricing Training 52

Pricing Training Purchasing Training Purchasing Skills Procurement Analytics 52

EC Sourcing Group

NOVEMBER 17, 2020

When you’re trying to control the entire procurement process within the supply chain, you want to make sure that you have the best software for your needs at your side so that everyone—you, vendors, and suppliers, are getting their needs met within the supply chain. Procure-to-pay operations. Includes purchase orders.

Procurement Solutions 52

Procurement Solutions Supply Chain Software Supply Chain Planning Software Forecasting Software 52

Alloy

FEBRUARY 4, 2024

Get More Out of Your Kroger 84.51° and Market6 Data How Automation and Advanced Metrics You Won’t Get in 84.51° can help you grow your sales at Kroger and avoid inventory headaches. They are all essential parts of Kroger’s analytics capabilities and, if leveraged correctly, can provide crucial insights to improve business operations.

Procurement Analytics 52

Procurement Analytics Analytics Software Optimal Sourcing Forecasting Software 52

EC Sourcing Group

NOVEMBER 1, 2022

The manufacturing industry has unique needs when it comes to purchasing. Having the right RFP solutions for manufacturing can streamline your overall sourcing and procurement processes, keeping a stable supply chain. This not only includes RFP templates but RFQ in procurement templates and others. Engagement analytics.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Solutions Analytics Software Supply Chain Software 52

EC Sourcing Group

MARCH 12, 2023

A supplier scorecard is the result of supplier analysis based on a set of key performance indicators and metrics. Steps for building a supplier scorecard: Focus on the purpose of the scorecard by recognizing and determining the right measures and metrics, or, your KPI’s.

Procurement Analytics 52

Procurement Analytics Purchasing Skills Procurement Solutions Supply Chain Planning Software 52

Precoro

FEBRUARY 27, 2023

Where should you start when you want to create budgets, cut costs, or forecast future spending? After all, a clear picture of the company's procurement process is necessary to develop a sustainable future strategy and to avoid pitfalls that hold your business back. The answer is simple: spend analysis.

Analysis 52

Analysis Purchasing Skills Optimal Sourcing Procurement Analytics 52

EC Sourcing Group

SEPTEMBER 27, 2022

Not long ago, sourcing was still an “analog” process, with a lot of back-and-forth communication via phone calls, emails, and meetings in person. Technology has finally caught up with sourcing and procurement—evolving processes by leaps and bounds in a relatively short amount of time. eSourcing Platforms : The Must-have Tools.

Analytics Software 52

Analytics Software Procurement Solutions Supply Chain Software Procurement Analytics 52

EC Sourcing Group

JANUARY 19, 2023

S pend analysis in procurement is a longstanding concept, however, implementation can be difficult without the proper tools. Over the years, implementing this kind of analysis has become more accessible than ever with the advent of robust procurement tools and software.

Analysis 52

Analysis Procurement Solutions Analytics Software Logistics Network Optimization Software 52

EC Sourcing Group

SEPTEMBER 6, 2022

A green supply chain reduces the harm that may occur at any stage of the procurement cycle—production, purchasing, logistics, material management, or distribution. Best Sourcing Software : How Supply Chains Become More Sustainable. Are materials and products sourced from ethically run businesses? Profit increase.

Material Savings 52

Material Savings Waste Reduction Supply Chain Software Vendor Strategies 52

Supply Chain Management and Analytics

DECEMBER 9, 2020

Traditionally, well-run RFI and RFP processes try to reduce the risk of deployment failure for the buyer via questions and a demo, and sometimes a proof-of-concept study with made-up data. If you are still planning to spend time and money to run a lengthy RFI/RFP process for a SaaS platform purchase, then we suggest you think twice.

Supply Chain Design Software 52

Supply Chain Design Software Supply Chain Planning Software Modeling Software Optimization Software 52

crisp

SEPTEMBER 6, 2023

The article demystifies the complexities of scope 3 emissions reporting, offering key tips to stay ahead of regulatory changes and satisfy stakeholder demands. Until recently, reporting scope 3 emissions – which include indirect sources that organizations contribute to – has been optional. In 2010, the U.S.

Procurement Analytics 52

Procurement Analytics Manufacturing Procurement Waste Reduction Supply Chain Design Software 52

Supply Chain Game Changer

JULY 21, 2021

Supply chain key performance indicators and metrics are ways in which someone can quantify the performance of their company’s supply chain to gain a better understanding of its strengths and weaknesses. It encompasses all of the supply chain costs associated with your products such as sourcing, producing, transporting, storing (etc).

Supply Chain Planning Software 98

Supply Chain Planning Software Negotiating Skills Purchasing Skills Manufacturing Procurement 98

EC Sourcing Group

MARCH 14, 2022

Managing tail spend in procurement and the entire supply chain process is vital; poor tail spend management can lead to considerable loss. The right tail spend software and procurement software can help you keep track of rogue spend by using tools such as tail spend analysis. Redundant or mundane purchases. Complex contracts.

Procurement Solutions 52

Procurement Solutions Supply Chain Software Optimization Software Optimal Sourcing 52

EC Sourcing Group

SEPTEMBER 7, 2021

The broader picture beyond procurement is the supply chain, as procurement (or purchasing) is just one step in the supply chain. . As there are many steps in the supply chain, there are many steps in procurement and procurement management. In this step, you merge the data into one file to run an accurate report.

Analysis 52

Analysis Material Savings Manufacturing Procurement Supply Chain Software 52

EC Sourcing Group

NOVEMBER 16, 2021

Effectively managing your suppliers is an integral part of the procurement process (and important to the entire supply chain as well). Without goods and services, nothing can be produced, which would make procurement impossible. One of the more prominent features of supply chain software should be its analytical tools.

Procurement Solutions 52

Procurement Solutions Analytics Software Logistics Network Optimization Software Supply Chain Software 52

EC Sourcing Group

JULY 7, 2020

If you work in procurement or the purchasing department, you’re already aware of how it works. it is roughly the same as a normal procurement process, except the procurement is performed on a digital basis. . This type of software is a small but very imperative part of the overall Sourcing process. evaluation.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Solutions Supply Chain Software Procurement Analytics 52

EC Sourcing Group

APRIL 26, 2022

The eTendering process is an integral part of procurement and the overall supply chain. eTendering, also known as eSourcing , is simply the act of conducting procurement online—namely, receiving and sending tenders using an online platform, like tender process software. Tangible benefits include: Reduced cost of purchases.

Optimal Sourcing 52

Optimal Sourcing Material Savings Cost Reduction Strategies Procurement Solutions 52

EC Sourcing Group

JULY 21, 2020

For those in procurement management, this may refer to several different types of tools and software, especially those that help with price compression like eAuction software procurement or those that streamline processes and compress timelines like eSourcing software. . What is E-Procurement in Supply Chain Management?

Procurement Solutions 52

Procurement Solutions Procurement Analytics Modeling Software Supply Chain Software 52

EC Sourcing Group

JULY 29, 2021

eSourcing technology has certainly come a long way, but everyone’s procurement process is slightly different, and you may find there is no one-size-fits-all solution out there —at least so far. Even if these are features you don’t think you need, in most situations, they will help with your supply chain and procurement flow.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Supply Chain Software Purchasing Skills 52

Unleashed

NOVEMBER 26, 2023

This enables you to better understand your purchasing needs, instantly, without having to perform a manual count of every item first. Unleashed also automates repetitive manual processes involved in the management of goods, from populating a purchase order to reporting on multiple sales channels. Who is Unleashed software for?

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Supply Chain Design Software Optimization Software 52

Locus

JULY 24, 2023

For instance, 41% of global shoppers expect same-day delivery for their purchases. Cost Considerations: A significant financial and environmental cost for shippers and carriers hides as empty miles. accounting for 61 billion empty miles and 87 million metric tons of unnecessary annual emissions.

Optimal Sourcing 52

Optimal Sourcing Sourcing Strategies Optimization Software Logistics Network Optimization Software 52

Precoro

OCTOBER 16, 2023

Regardless of size or industry, every organization relies on procurement to achieve its objectives and stimulate growth. Procurement, the art of acquiring goods and services, is not just an option but a fundamental requirement for businesses to function smoothly. What is a Procurement Contract?

Procurement Solutions 98

Procurement Solutions Optimal Sourcing Procurement Analytics Procurement 98

Precoro

AUGUST 15, 2022

ERP or enterprise resource planning is software companies use to automate core business processes and integrate their functions, such as accounting, project management, procurement, and supply chain operations, into a single system. Improved Collaboration. Regulatory Compliance.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Procurement Solutions Optimization Software 52