Precoro

SEPTEMBER 6, 2021

This month, we continue our Procurement Basics series and would like to introduce our readers to yet another set of often misused business terminology. As both sourcing and procurement are related to obtaining supplies for the organization, confusing these two terms is easy. Procurement. Takes a strategic approach.

Optimal Sourcing 97

Optimal Sourcing Manufacturing Procurement Purchasing Skills Procurement Solutions 97

ivalua

JULY 15, 2015

Since its inception in the late 1980s, strategic sourcing has always been about getting the best value for the goods and services purchased from third party suppliers. The decision making process used to select suppliers must be fact-based and driven by a rigorous analytical approach.

Sourcing Strategies 100

Sourcing Strategies Manufacturing Procurement Purchasing Skills Material Savings 100

Precoro

NOVEMBER 13, 2023

One of the ways that procurement teams improve this figure is by tracking and improving the purchase price variance (PPV) metric. In this article, we'll explain what PPV is, why it matters, and how tracking this metric can benefit your procurement processes. Why Is Purchase Price Variance Important?

Purchasing Skills 98

Purchasing Skills Procurement Analytics Negotiating Skills Negotiate Pricing 98

SCMDOJO

SEPTEMBER 18, 2023

In the dynamic landscape of supply chain management, precise terminology is paramount. Whether you’re a seasoned procurement professional or just stepping into the world of sourcing and acquisitions, understanding the nuances of procurement synonyms can make all the difference.

Negotiating Skills 98

Negotiating Skills Manufacturing Procurement Optimal Sourcing Pricing Training 98

ivalua

SEPTEMBER 20, 2021

Rapid Optimization of Contract Management, Supplier Management and Direct Materials Sourcing. Asian Paints conceptualized a technology solution using Ivalua’s Supplier Information Management , Sourcing and Contract Management solutions to streamline the end-to-end contract management and sourcing processes. .

Optimal Sourcing 130

Optimal Sourcing Manufacturing Procurement Sourcing Supply Chain Planning Software 130

ivalua

MAY 30, 2023

Ivalua Spend Management Insights [ivory-search] 3 Powerful Ways Procurement will Drive the 2030 Saudi Vision Transformation May 30, 2023 | | Procurement Strategy by Sara Omer What is the Saudi Vision 2030 Program? Procurement and supply chain teams will play a crucial role in making this vision a reality.

Manufacturing Procurement 49

Manufacturing Procurement Procurement Solutions Resource Reduction Price Reduction 49

ivalua

AUGUST 18, 2015

The term “supplier collaboration” can mean many things to many people depending on your functional perspective. Let’s examine three ways that better collaboration with supply partners creates value for a manufacturer from product design through demand planning. Innovating.

Manufacturing Procurement 100

Manufacturing Procurement Sourcing Strategies Vendor Strategies Inventory Reduction 100

ivalua

AUGUST 18, 2015

The term “supplier collaboration” can mean many things to many people depending on your functional perspective. Let’s examine three ways that better collaboration with supply partners creates value for a manufacturer from product design through demand planning. Innovating.

Manufacturing Procurement 100

Manufacturing Procurement Sourcing Strategies Material Savings Vendor Strategies 100

Supply Chain Matters

MARCH 4, 2024

Reportedly, Spirit , whose CEO is a former Boeing senior executive, has hired bankers to explore strategic options, including the plane maker. Boeing spun out this supplier, which was once a part of this plane maker’s internal production in 2005 in a major strategic sourcing move. All rights reserved.

Manufacturing Procurement 52

Manufacturing Procurement Sourcing Strategies Optimal Sourcing Sourcing 52

ivalua

JULY 21, 2021

The partnership accelerates procurement digital transformation with Ivalua. REV Group embarked on its sourcing and procurement transformation earlier this year, which included four appointments to REV’s global sourcing and supply chain team, representing the Fire & Emergency, Commercial and Recreation segments.

Sourcing Strategies 130

Sourcing Strategies Optimal Sourcing Supply Chain Design Software Groups 130

QAD

MAY 20, 2021

However, we know that for manufacturers, it’s more than just headlines that matter for your business. On May 19, we were joined by global manufacturers for QAD Tomorrow, focusing on the timely topics of improving supply chains and supplier relationships. We encourage you to view a recording of the thought stream now.

Supply Chain Disruption 94

Supply Chain Disruption Agile and Lean Supply Chain Supply Chain Design Optimal Sourcing 94

ivalua

JUNE 1, 2022

Sajid Kunnummal, Vice President and CPO at Navistar, was interviewed by Philip Ideson from Art of Procurement to discuss the impact of the Covid-19 pandemic on Procurement. When the crisis hit, Procurement as a function was suddenly in the hot seat, and it became the driving force for business continuity.

Supply Chain Planning Software 130

Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Software Manufacturing Procurement 130

ivalua

JULY 27, 2015

attempt to make a point about the relative value of strategic sourcing, I failed to realize that thought leadership is apparently the exclusive domain of pundits. I’m going with Supplier Value Management. It means turning your supplier relationships into a competitive advantage that enables you to win in the market.

Manufacturing Procurement 100

Manufacturing Procurement Vendor Strategies Sourcing Strategies Cost Reduction Strategies 100

ivalua

JULY 27, 2015

attempt to make a point about the relative value of strategic sourcing, I failed to realize that thought leadership is apparently the exclusive domain of pundits. I’m going with Supplier Value Management. It means turning your supplier relationships into a competitive advantage that enables you to win in the market.

Manufacturing Procurement 100

Manufacturing Procurement Vendor Strategies Material Savings Sourcing Strategies 100

Supply Chain Matters

JANUARY 19, 2024

This comprehensive 38-page report includes the full listing of predictions along with a lot of information, perspectives and added insights.

Predictive Analytics Software 52

Predictive Analytics Software Supply Chain Planning Software Supply Chain Strategy Manufacturing Procurement 52

Supply Chain Matters

SEPTEMBER 17, 2022

We wanted to alert our Supply Chain Matters readers to an upcoming podcast that will be of benefit to many strategic sourcing, planning, product development and procurement professionals. Further discussed are the primary actions that manufacturers and OEM’s are undertaking to address needs for added agility and resiliency.

Manufacturing Procurement 59

Manufacturing Procurement Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Strategy 59

QAD

MAY 26, 2021

Founded in 1979, QAD began as a small startup solution working with local companies to address a large gap in complete, integrated business software for manufacturing companies. As manufacturing businesses took their brands globally, we adapted quickly to keep up and our software has adapted as well. Supplier Relationship Management.

Procurement Solutions 52

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

Supply Chain Game Changer

APRIL 19, 2022

Over the past 20 years I have been fortunate to have worked in various industries (Automotive, Electronics, Plastics, Oil/Gas, Financial and Communication Equipment) for various world class companies, with a focus on Strategic Sourcing and Procurement. What are some of your greatest achievements in Business?

Material Savings 85

Material Savings Resource Reduction Cost Reduction Strategies Manufacturing Procurement 85

ivalua

MAY 9, 2023

But, the competitive landscape for procurement software is very different. As a result, the procurement software offered to public companies has been able to live in parallel with the private market; its evolution has been very focused on compliance with public procurement regulations. Where to Start?

Vendor Strategies 246

Vendor Strategies Procurement Solutions Manufacturing Procurement Sourcing Strategies 246

The Logistics of Logistics

OCTOBER 12, 2012

Chuck Intrieri is a: Certified Value Engineer (VE), Certified Purchasing Manager (CPM), Certified Production and Inventory Control Manager (CPIM), and is Lean Certified all of which attests to his deep understanding of operations and logistics beyond the confines of the purchasing function.

Manufacturing Procurement 100

Manufacturing Procurement Optimal Sourcing Negotiating Skills Purchasing Skills 100

SYSPRO Smarter ERP

JULY 12, 2022

As supply chain disruptions continue the procurement function should adapt to improve transparency, build collaborative relationships, and ensure sustainable sourcing practices, resulting in a stronger, more resilient supply chain with Cloud ERP for manufacturing. Strategic sourcing with Cloud ERP.

Manufacturing Procurement 105

Manufacturing Procurement Procurement Analytics Optimal Sourcing Procurement Solutions 105

ivalua

JUNE 24, 2015

Big data is more than a buzz term, and if you are a strategic sourcing professional, it is a concept that should not be ignored. Within the manufacturing industry, data can now be gathered quickly in amounts that were unfathomable a generation ago. So are you getting the most out of big data ?

Big Data 100

Big Data Manufacturing Procurement Sourcing Analytics Software 100

Supply Chain View from the Field

JANUARY 14, 2015

ERP systems are designed to integrate transactions from finance, human resources, procurement, operations, sales and marketing, logistics, and other functions in a firm. ERP systems serve as massive databases to standardize business processes and to support decisions concurrent with planning and managing of businesses.

Manufacturing Procurement 60

Manufacturing Procurement Negotiating Skills Purchasing Skills Procurement Analytics 60

QAD

JULY 18, 2023

Change is coming whether we like it or not, and it’s usually something I welcome in manufacturing. Recently, I had the opportunity to chat with Sam Gupta , Principal Consultant at ElevatIQ and the host of “The Voice of ERP” series, to discuss this very topic and how the right ERP solution can help manufacturers prepare for tomorrow, today.

Manufacturing Procurement 93

Manufacturing Procurement Supply Chain Planning Software Vendor Strategies Supply Chain Design Software 93

CormSquare

JANUARY 13, 2017

MRO probably has the broadest definition of any category in sourcing. MRO is anything used to maintain manufacturing and distribution facilities. The MRO sourcing landscape has evolved dramatically in recent years, yet most of us haven’t adapted to the changes. Within the MRO space, many purchases are unplanned.

Manufacturing Procurement 50

Manufacturing Procurement Purchasing Skills Procurement Analytics Procurement Solutions 50

Precoro

OCTOBER 6, 2022

With the global market expansion and deepening supply chain complexity, the roles of procurement leaders have evolved from tactical to strategic. Nowadays, procurement departments not only focus on the day-to-day buying operations but also search for the most efficient ways to go about them. How often do purchases happen?

Manufacturing Procurement 98

Manufacturing Procurement Procurement Solutions Procurement Analytics Pricing Training 98

Supply Chain Game Changer

NOVEMBER 16, 2022

Why Procurement Transformation Can Fail! The duties of procurement managers are diverse, ranging from creating solicitations to collaborating with vendors. The importance of digital procurement is increasing rapidly. Along with cost savings, procurement managers are focusing on optimizing and automating processes.

Optimal Sourcing 19

Optimal Sourcing Procurement Analytics Manufacturing Procurement Supply Chain Software 19

Supply Chain View from the Field

FEBRUARY 25, 2015

Today, Ganguly, vice president of manufacturing and general manager of the company’s Research Triangle Park operations, says the Jenkins MBA program prepared him for the challenges he faces from day to day. We used to integrate everything and manufacture it all, as opposed to young biotech companies that outsource everything.

Supply Chain Design Software 60

Supply Chain Design Software Supply Chain Design Negotiating Skills Price Reduction 60

Supply Chain Game Changer

JUNE 8, 2021

There is so much to learn in many functions of supply chain, whether it is IT tools, planning and buying, commodities, global supplier management, logistics, warehousing. Every day is about communicating, collaborating, organizing, problem solving, cost and environmental management. Manufacturers are looking for talent.

Negotiating Skills 97

Negotiating Skills Purchasing Skills Industrial Industry 97

Supply Chain View from the Field

JULY 15, 2014

The company competes directly with the manufacturers of the equipment, but often have a more responsive and flexible response to customer requirements, which becomes a factor in a time-critical environment. Who is the best supply manager for managing second tier suppliers?

Material Savings 60

Material Savings Price Reduction Cost Reduction Strategies Purchasing Skills 60

SCMDOJO

APRIL 26, 2023

Category management is a procurement strategy that involves grouping similar products or services together into categories and managing them as a single unit. This approach can help organizations streamline their procurement processes, negotiate better deals with suppliers, and ultimately save money.

Procurement Solutions 77

Procurement Solutions Manufacturing Procurement Procurement Analytics Optimal Sourcing 77

ivalua

DECEMBER 2, 2015

Product manufacturers have become increasingly dependent on their strategic suppliers to create a competitive advantage in the market. These collaborative supplier partnerships present manufacturers with a number of opportunities to achieve greater product success.

Manufacturing Procurement 140

Manufacturing Procurement Purchasing Skills Price Reduction Cost Reduction Strategies 140

ThroughPut

APRIL 17, 2024

Take the case of a global cement manufacturer that used Throughput AI to optimize truck yards per hour utilization leading to minimizing carbon emissions and waste. The system analyzes gigantic amounts of data from varied sources providing actionable insights for risk management, operational improvements and strategic planning.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Predictive Analytics Software Optimal Sourcing 52

QAD

OCTOBER 5, 2021

As organizations seek to boost business responsiveness and flexibility to address disruption, this latest release progresses our customers’ ability to advance the business intelligence, innovation and business agility required by today’s manufacturers. Digital Manufacturing. Integrated Supplier Management. Highlights.

Manufacturing Procurement 98

Manufacturing Procurement Optimal Sourcing Supply Chain Planning Software Procurement Analytics 98

Precoro

JANUARY 16, 2023

Spend management is a set of practices for controlling how a business spends money. Spend management allows for efficient sourcing and procurement, regulated expenses, timely registration of spontaneous purchases, and a reduction of fraud and errors. Operating vs. Non-operating.

Procurement Solutions 98

Procurement Solutions Negotiating Skills Purchasing Skills Expense Reduction 98

ivalua

APRIL 17, 2023

Ivalua Spend Management Insights [ivory-search] Source Wisely: Your Top 3 Public Procurement Software Essentials April 17, 2023 | | Public Sector by Jarrod McAdoo Today, state and local governments are tackling top priorities such as legacy modernization, cybersecurity, and cloud computing.

Manufacturing Procurement 130

Manufacturing Procurement Procurement Solutions Sourcing Strategies Analytics Software 130

QAD

APRIL 20, 2021

Just as hope is not a strategy, luck is not a tactic manufacturers should rely on. As it ended there was hope that the world would return to normal for manufacturers. Most manufacturers survived the pandemic , but does that mean our supply chains are healthy? For example, take strategic sourcing. The Year That Was.

Agile and Lean Supply Chain 91

Agile and Lean Supply Chain Optimal Sourcing Sourcing Strategies Supply Chain Optimization 91