Precoro

OCTOBER 24, 2022

Procurement is a complex and dynamic process involving strategic planning and several stages of execution, from sourcing to paying and reporting. Supply chain management, purchase requisitions and orders, budget management, and three-way matching – all these processes are integral to procurement as a whole.

Procurement Solutions 98

Procurement Solutions Procurement Analytics Analytics Software Sourcing Strategies 98

ivalua

FEBRUARY 10, 2023

Understanding how inflation impacts procurement and then taking action to mitigate its effects is essential for any business looking to stay ahead of the game. Let’s explore further. The key for procurement teams is to stay ahead of inflationary trends so they can anticipate needs and adjust accordingly before problems arise.

Sourcing Strategies 264

Sourcing Strategies Price Reduction Purchasing Skills Manufacturing Procurement 264

Logility

JUNE 15, 2021

Food and beverage companies can use demand sensing to predict sudden market trends and prepare for actual supply needs. Demand fluctuations dominate the food and beverage (F&B) industry. If the business purchases too much, it risks overstocking goods that cannot be sold after they exceed their shelf life.

Supply and Demand 147

Supply and Demand Beverage Supply Chain Planning Software Demand Planning Software 147

Logistics Viewpoints

DECEMBER 12, 2022

Companies implementing supply chain planning (SCP) have traditionally been very big companies or companies with complex supply chains. Supply chain planning is not just for the big boys. Myers Industries Implements John Galt Solutions. Jeff Baker, Vice President of Shared Services at Myers Industries.

Supply Chain Planning Software 201

Supply Chain Planning Software Supply Chain Planning Procurement Solutions Scenario Planning 201

New Horizon Supply Chain Blog

FEBRUARY 23, 2024

Introduction We’ve written quite a few articles on specific aspects of demand planning, but we’ve never written an introductory piece for beginners or those looking for a refresher course. We plan to do this for sales and operations planning (S&OP) and some other areas of supply chain planning as well.

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Supply and Demand Demand Planning Supply Chain Planning Software Demand Planning Software 52

ThroughPut

MARCH 24, 2024

Earlier in the day, demand planning was a guessing game that relied more on intuition, instinct, and inclination. Companies that leveraged the data they collected to enable more accurate demand planning, distinguished themselves from their competitors. Why do you Need Modern Demand Sensing to Solve Modern Problems?

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Supply and Demand Optimal Sourcing Forecasting Modeling 52

ThroughPut

APRIL 20, 2023

The supply chain world can now be easily categorized into phases – Pre-covid and Post-covid. Chief Supply Chain Officers (CSCOs) today have to deal with a new set of challenges including supplier unpredictability, ambiguous and missing historical data, inventory disruptions, supply and demand imbalances, to name a few.

Supply and Demand 52

Supply and Demand Forecasting Demand Planning Procurement Solutions 52

ThroughPut

DECEMBER 5, 2023

Keeping up with demand and market trends challenges most supply chain operators. Accurately forecasting sales with fluctuating demand cycles is difficult to achieve, and yes, there’s a direct impact: the less accurate the sales forecast, the less precise the stocking levels. Let’s start with the definition.

Supply and Demand 52

Supply and Demand Forecasting Forecasting Software Demand Planning Software 52

Logistics Viewpoints

APRIL 6, 2023

In today’s dynamic and unpredictable business environment, companies face various challenges such as changing consumer demands, global uncertainty, and the impact of natural and man-made events. All the products and services purchased by procurement and supply chain organizations can be categorized into this two-by-two matrix.

Optimal Sourcing 201

Optimal Sourcing Sourcing Strategies Manufacturing Procurement Material Savings 201

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

The Logistics & Supply Chain Management Society

FEBRUARY 16, 2023

The unprecedented growth of e-commerce has led to a greater demand for the timely and efficient delivery of goods. As a result, organisations have had to rely on a larger number of suppliers and third-party logistics to meet this demand.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Sourcing Strategies Optimal Sourcing Purchasing Skills 130

Logistics Viewpoints

MAY 13, 2024

Coupa is a supplier of spend management solutions. She knew the company was innovative; after all, Coupa created a new software enterprise category: business spend management. Coupa also has a supply chain collaboration solution that runs on the platform. This solution provides for purchase order collaboration.

Procurement Solutions 211

Procurement Solutions Forecasting Software Modeling Software Procurement Analytics 211

Precoro

DECEMBER 28, 2023

Read about a venture capital studio that implemented procurement software to manage purchases for 10 portfolio companies in addition to their own. Redbud Brands went from not knowing if a purchase order was approved to making every payment in time. “There was not a lot of structure,” Mr. Henson explained.

Procurement Solutions 105

Procurement Solutions Procurement Analytics Supply Chain Planning Software Supply Chain Software 105

Unleashed

FEBRUARY 1, 2023

The onset of COVID and the rapidly changing environment of a pandemic-hit world has meant demand planning has become more difficult – and as a result, more critical – than ever. What is demand planning? Demand planning is the process of predicting what customer demand will be for a certain product.

Supply and Demand 52

Supply and Demand Demand Planning Supply Chain Planning Software Demand Planning Software 52

ivalua

OCTOBER 22, 2020

This month Gartner published its eagerly awaited Magic Quadrant for Procure-to-Pay (P2P) Suites , ranking the top 14 vendors based on ability to execute and completeness of vision. This year’s edition comes at an interesting time, with the Covid-19 pandemic having shifted Procurement priorities and employee working practices.

Procurement Solutions 147

Procurement Solutions Supply Chain Planning Software Supply Chain Software Forecasting Software 147

ThroughPut

MAY 12, 2023

According to Toby Brzoznowski, the Chief Strategy Officer at LLamasoft, a rough rule of thumb is that a 1% Top Five Features to Look for in a Robust Demand Planning Solutionforecas t improvement leads to a 2.5% This is a big deal for any organization and of course, a sign of a good demand planning practice!

Supply and Demand 52

Supply and Demand Demand Planning Optimal Sourcing Scenario Planning 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. The early days of eProcurement software were still intricate, with much dependence on spreadsheets to try to organize data.

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. The early days of eProcurement software were still intricate, with much dependence on spreadsheets to try to organize data.

Procurement Solutions 52

Procurement Solutions Optimal Sourcing Procurement Analytics Supply Chain Software 52

Logistics Viewpoints

JUNE 1, 2023

That’s why staying on top of the latest supply chain planning trends is so important – they can make all the difference when it comes to staying competitive, reducing costs, and meeting your customers’ needs. Here are some highlights from these trends in 2023 and implications on supply chain planning.

Supply Chain Planning Software 193

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 193

Precoro

DECEMBER 11, 2023

To enhance their competitive edge, companies across industries are adopting a key tactic: strategic sourcing. Strategic sourcing is a holistic approach to supply chain management that includes tactics for optimizing the total cost of ownership, improving supplier relationships, and ensuring long-term value creation.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

Logility

OCTOBER 6, 2023

For the last decade supply chain leaders and CIO’s have been evaluating when and how to move their supply chain applications to the cloud. And those that leverage on-demand services provide secure access to scalable, high-performance environments available around the globe.

Supply Chain Planning Software 193

Supply Chain Planning Software Modeling Software Supply Chain Network Software Optimization Software 193

DynaSys

AUGUST 31, 2021

Data is an integral part of the demand planning cycle. But, the trickiness of collecting data comes mainly from pulling it from all the sources of data for demand planning as well as unifying the data. You also might have different departments using different tools to house their information.

Supply and Demand 52

Supply and Demand Demand Planning Supply Chain Planning Software Demand Planning Software 52

ivalua

FEBRUARY 27, 2023

Ivalua Spend Management Insights [ivory-search] Procurement Rising: The Silent Inflation Tax on Manufacturers February 27, 2023 | | Manufacturing by Doug Keeley Last year, the Consumer Price Index was the highest it has been in four decades, making inflation one of the most concerning macroeconomic factors facing the business world today.

Manufacturing Procurement 130

Manufacturing Procurement Optimal Sourcing Procurement Solutions Purchasing Skills 130

Unleashed

JUNE 8, 2023

Behind every successful product business is a thoughtful procurement strategy designed to optimise the supplier management and purchasing process. This guide answers exactly what is procurement, how procurement works in a business , and which tools and strategies lead to supply chain success.

Procurement Solutions 52

Procurement Solutions Sourcing Strategies Vendor Strategies Material Savings 52

Logility

MARCH 17, 2022

Here’s how a digital supply chain platform can help. Today’s world and your customers demand transparency and accountability. Smart company leaders know the risks of poor decisions, that a strategic investment in a digital supply chain platform keeps them on the sustainability track, and that ESG is essential to business value today.

Supply Chain Planning Software 155

Supply Chain Planning Software Optimal Sourcing Sourcing Strategies Optimization Software 155

ivalua

DECEMBER 14, 2020

The pandemic wreaked havoc on businesses and their supply chains, but even in these trying times, there’s a silver lining. What we learned about agility and resilience can be applied to future-proof the source-to-pay (S2P) process and help organizations meet any new challenge with confidence. But cost reduction is no longer sufficient.

Procurement Solutions 130

Procurement Solutions Optimal Sourcing Manufacturing Procurement Optimization Software 130

Logistics Viewpoints

JUNE 29, 2023

In today’s interconnected global economy, supply chains play a vital role in the success of businesses. It is crucial for organizations to understand the importance of Purchase Order collaboration to effectively manage their direct spend, optimize operations, and mitigate risks.

Manufacturing Procurement 185

Manufacturing Procurement Procurement Analytics Material Savings Inventory Reduction 185

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. Contains fewer steps.

Optimal Sourcing 97

Optimal Sourcing Manufacturing Procurement Purchasing Skills Procurement Solutions 97

Logistics Viewpoints

OCTOBER 12, 2023

Note: Today’s post is part of our “ Editor’s Choice ” series where we highlight recent posts published by our sponsors that provide supply chain insights and advice. This article is from Michael Balint at Solvoyo and looks at the fresh produce supply chain. To read the article, click HERE.

Supply Chain Design Software 228

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Supply Chain Planning 228

ThroughPut

MAY 16, 2024

In the context of supply chains particularly, agility is what can save the day in the midst of all those challenges. However, responding to evolving market demands can seem almost impossible with legacy systems, siloed data and/or manually-driven human-intuition-based processes. What is Supply Chain Optimization?

Optimal Sourcing 52

Optimal Sourcing Supply Chain Optimization Optimization Software Modeling 52

Logility

AUGUST 31, 2023

In most cases, their legacy ERP or supply chain solutions cannot support the real-time, frequent forecasting and inventory planning needed to get ahead of margins pressures, rising costs, and shifts in consumer demand. which helps us make smarter decisions with greater confidence.”

Consumer Goods 185

Consumer Goods Network Optimization Software Optimal Sourcing Inventory Reduction 185

ThroughPut

NOVEMBER 18, 2022

Around 69% of companies do not have complete visibility of their supply chains or that 46% of small businesses don’t track their inventory or don’t have an automated method to track it? If the COVID-19 pandemic has taught us anything, it’s the volatility of the market and how the demand dynamics can change almost overnight.

Supply and Demand 52

Supply and Demand Demand Planning Software Supply Chain Planning Software Supply Chain Software 52

Precoro

DECEMBER 18, 2023

Medical institutions might not typically consider optimizing the healthcare procurement process a top priority. Yet procurement in healthcare influences the overall well-being of medical institutions and, ultimately, the quality of patient care. However, procurement in the healthcare industry has some unique aspects.

Procurement Solutions 59

Procurement Solutions Optimal Sourcing Procurement Analytics Procurement 59

ToolsGroup

JULY 10, 2018

If you’ve been in supply chain for any length time, you might be wondering what caused demand forecasting to develop so many different ‘personalities’ over the years. Demand forecasting, planning, sensing, shaping…what’s going on? More and better data has turned demand analytics into mainstream reality.

Supply and Demand 192

Supply and Demand Demand Planning Software Forecasting Forecasting Software 192

Logistics Viewpoints

APRIL 1, 2021

In a previous post , I made a case for how the Chief Supply Chain Officer (CSCO) and Chief Procurement Officer (CPO) are smarter together. Accordingly Supply Chain and Procurement will need continuous collaboration. Such sourcing events can be in the context of direct materials or logistics capacity.

Optimal Sourcing 188

Optimal Sourcing Manufacturing Procurement Procurement Analytics Procurement Solutions 188

ThroughPut

NOVEMBER 28, 2023

Supply chain analytics combines powerful algorithms, data, and the latest technologies like Artificial Intelligence and Machine Learning to address the most elusive challenges in the supply chain right now – visibility and control. And that’s precisely what’s on the horizon for supply chain analytics.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Supply Chain Design Software 52