EC Sourcing Group

AUGUST 1, 2022

eAuction tools are imperative to sourcing, affecting your sourcing , procurement management, and ultimately, the entire supply chain. If you’re shopping around for eAuction tools, you should consider six main features when making your choice. Intuitive and Easy to Use eAuction Tools. Support for All eAuction Type.

Supply Chain Software 52

Supply Chain Software Tools Price Reduction Sourcing Strategies 52

EC Sourcing Group

JUNE 7, 2022

Everyone in the procurement and purchasing fields knows that sourcing is generally a process of getting the best product from top suppliers with good terms and price. However, learning new eSourcing tools may require adjustment, particularly as you navigate your way through the process. Be Reliable and Quality-Oriented.

Procurement Solutions 52

Procurement Solutions Optimization Software Supply Chain Software Optimal Sourcing 52

Logility

APRIL 21, 2020

In large part due to computer processing power, new advances in forecasting and the abundance of new data sources have helped to increase forecast reliability. Value-add forecasting is one way companies are now realizing incremental improvements in their forecast quality and reliability. Price optimization. value-add forecasting today.

Forecasting 157

Forecasting Optimal Sourcing Forecasting Software Modeling 157

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. Managers utilize numerous dedicated tools to ensure the efficiency and simplicity of the procurement cycle and get real-time insights. Low-Quality Documentation.

Procurement Solutions 98

Procurement Solutions Procurement Analytics Analytics Software Sourcing Strategies 98

QAD

APRIL 22, 2021

This is certainly true in the area of strategic sourcing where procurement teams rely heavily on manually intensive efforts to identify and select suppliers. Manufacturers face ongoing challenges in selecting the optimal source of supply for the many materials, products and services they procure. Boost Long-term Supplier Relationships.

Manufacturing Procurement 83

Manufacturing Procurement Optimal Sourcing Negotiating Skills Purchasing Skills 83

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

EC Sourcing Group

DECEMBER 5, 2022

Contract Compliance and Strategic Sourcing. Contract sourcing and strategic sourcing are two different strategies that ensure you are able to get the best deals from your suppliers while still adhering to company policy. The two must work together to keep the source-to-contract process flow working effectively. .

Negotiating Skills 52

Negotiating Skills Sourcing Strategies Purchasing Skills Sourcing 52

EC Sourcing Group

DECEMBER 13, 2021

What Is Vendor Sourcing? Generally speaking, vendor sourcing is when you choose vendors to supply you with either goods or services. In years past, vendor sourcing could be an intricate and lengthy process. Read on to learn more about auction vendor sourcing and more about the management process. Quality testing.

Purchasing Skills 52

Purchasing Skills Optimal Sourcing Sourcing Strategies Negotiating Skills 52

The Logistics & Supply Chain Management Society

AUGUST 14, 2023

With its ability to derive insights from vast amounts of data and derive insights, generative AI has emerged as a valuable tool to optimize supply chain operations. AI-based tools already help automate routine tasks and assist decision-making processes across various sectors.

Optimal Sourcing 244

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Modeling 244

Supply Chain Game Changer

OCTOBER 28, 2021

5 Tools to Increase Student Engagement! Online learning tools article and permission to publish here provided by Andrew Mazur. Even though most solutions are far from being perfect, it only takes time to learn how they function to boost the quality of remote instruction. 4 Best Online Learning Tools to Boost Remote Instruction.

Supply Chain Planning Software 84

Supply Chain Planning Software Modeling Software Supply Chain Software Tools 84

Precoro

SEPTEMBER 6, 2021

As both sourcing and procurement are related to obtaining supplies for the organization, confusing these two terms is easy. Understanding their distinction can help you ensure the coordination between the responsible teams and adopt the right strategies for improving both sourcing and procurement. Procurement. Contains fewer steps.

Optimal Sourcing 97

Optimal Sourcing Manufacturing Procurement Purchasing Skills Procurement Solutions 97

EC Sourcing Group

JULY 26, 2022

Advanced analytics exceeds standard business intelligence (BI) using state-of-the-art technology and tools to create data asset information and real-time statistics. Read on to better understand of advanced analytics, their benefits, and how they will improve your sourcing outcomes. Match tools and applications with business needs.

Optimal Sourcing 52

Optimal Sourcing Analytics Software Predictive Analytics Sourcing Strategies 52

EC Sourcing Group

FEBRUARY 8, 2023

Legacy sourcing methods work against you. From lost opportunities to higher costs, outdated sourcing methods and traditional sourcing strategies can impede your success and the growth of your business. Sourcing Strategies in Procurement: What Is Traditional Sourcing?

Optimal Sourcing 52

Optimal Sourcing Purchasing Skills Sourcing Strategies Negotiating Skills 52

Logistics Viewpoints

FEBRUARY 14, 2024

Sourcing and procurement comes in close second at 88 percent, followed by innovation at 87 percent. Sourcing and Procurement In sourcing and procurement, the top focus area for 2024 continues to be supplier/vendor relationship management (SRM). With the continued challenges facing supply chains, that is no surprise.

Supply Chain Planning Software 246

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Scenario Planning 246

Logistics Viewpoints

APRIL 10, 2024

For example, an agile supply chain may have real-time data, advanced analytics, decision support tools, and cross-functional teams to monitor, diagnose, and solve problems. Identify the sources, types, and probabilities of potential disruptions, as well as their impacts and consequences for supply chain performance and objectives.

Baltimore 250

Baltimore Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 250

EC Sourcing Group

JULY 13, 2021

How to Optimize Your Procurement Sourcing Systems. Finding the right tools and measures to optimize your procurement sourcing systems is a must. While optimization does rely heavily on procurement sourcing software , there are other ways to optimize the procurement management process. Expand your networks.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Analytics Software Supply Chain Network Software 52

DynaSys

AUGUST 31, 2021

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. But what do each of these tools do? But what do each of these tools do?

Supply and Demand 52

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

OptiProERP

SEPTEMBER 22, 2022

Most manufacturers look to streamline systems, reduce production costs, and increase profitability without sacrificing product quality. Often, the quickest and easiest way to cut costs is by accepting minimum quality levels or reducing employees. Saving on operational costs is one of the biggest goals for manufacturing companies.

Cost Reduction Strategies 52

Cost Reduction Strategies Waste Reduction Expense Reduction Vendor Strategies 52

QAD

JUNE 9, 2022

In the first part of this three-part series, I discuss quality management tools for identifying a problem, the root cause and its impact. Next I’ll dive into the quality management tool selection process. The QA Manager’s Tool Bag. Here’s a look at a few of the best tools. Confusing Cause and Effect.

Analytics Software 90

Analytics Software Demand Planning Software Quality Tools 90

Jaggaer

MARCH 30, 2020

The value of quality data has never been higher, and the power to process that data is more readily available than ever. Sourcing with Big Data. Walter Charles’s philosophy on the modern state of sourcing is that it is artificially limited by the tools that teams are using. “Big Data” is everywhere.

Big Data 99

Big Data Analytics Software Optimal Sourcing Sourcing Strategies 99

EC Sourcing Group

JUNE 8, 2021

Where to Start if You’re New to Procurement Sourcing Solutions. There are many people who are not new to procurement and sourcing and its role in the supply chain but may be new to sourcing solutions and software. Read on to learn how to get started with procurement sourcing solutions and what to look for in software.

Optimal Sourcing 52

Optimal Sourcing Procurement Solutions Procurement Analytics Sourcing Strategies 52

ivalua

OCTOBER 13, 2022

Gaining access to valuable supply chain information can prove a vital source of competitive advantage and help procurement teams contribute to achieving a range of business objectives, in particular improving ESG and increasing supply resiliency”, he added. Find out more at procurementleaders.com.

Procurement Analytics 130

Procurement Analytics Procurement Solutions Supply Chain Planning Software Optimal Sourcing 130

Supply Chain Matters

SEPTEMBER 21, 2022

In this particular posting, we share our review of: Profit From The Source- Transforming Your Business By Putting Suppliers at the Core. The post Supply Chain Matters Book Review: Profit From The Source first appeared on The Ferrari Consulting and Research Group / Supply Chain Management. All rights reserved.

Manufacturing Procurement 59

Manufacturing Procurement Sourcing Strategies Supply Chain Software Supply Chain Planning Software 59

Jaggaer

AUGUST 12, 2020

For the first three months after Covid-19 hit, virtually every sourcing project , in every sector , was put on hold while companies tried to assess the situation and how best to deal with the epidemic. Get the white paper on Sourcing Strategies: Why One Size Does Not Fit All , written by Michael Lamoureux of Spend Matters.

Sourcing Strategies 52

Sourcing Strategies Optimal Sourcing Manufacturing Procurement Sourcing 52

The Logistics & Supply Chain Management Society

MARCH 22, 2022

by Brett Marshall – Corporate Head of Quality at Zuellig Pharma. The war for talent, has long been fought in Asia, as the region continues to be a power source of global growth, and as a result demand for talent often outstrips supply. He is a strong advocate of change for the Quality landscape in Asia. in the Quality space.

Pharmaceutical 240

Pharmaceutical Supply Chain Planning Software Buyer Training Supply Chain Software 240

SCMDOJO

APRIL 29, 2024

From sourcing raw materials, manufacturing, and storage, to transportation and distribution, SCM ensures efficiency and cost-effectiveness throughout the entire journey. Sourcing: Sourcing is all about finding reliable suppliers, negotiating contracts, and managing relationships.

Supply Chain Planning Software 52

Supply Chain Planning Software Optimal Sourcing Supply Chain Design Software Supply Chain Software 52

KEPLER Consulting

OCTOBER 18, 2017

Over last decade, sourcing offices became a major piece within globalized footprint of western retailers. After a first era of development and opportunity catch up particularly positive and characterized by consistent purchasing gains , most of these Sourcing Offices are now searching for their second breath.

Purchasing Skills 60

Purchasing Skills Negotiating Skills Optimal Sourcing Sourcing Strategies 60

Logility

APRIL 2, 2020

Supplier scorecards are globally accepted as a key tool for managing a more profitable supply chain. A good scorecard helps identify which vendors deliver the best value, explains the drivers of performance, and is a preferred collaboration tool for improving supplier relationships. 2 Identify and get access to the right data sources.

Negotiating Skills 157

Negotiating Skills Supply Chain Planning Software Supply Chain Design Software Purchasing Skills 157

Enterra Insights

MARCH 26, 2024

As the press release announcing this new offering noted, “The rate of change experienced by companies due to inflation, changeable consumer behavior, challenging supply chains, and other macro issues is faster than their ability to adapt with their existing tools and processes. Cognitive computing systems make context computable.

Analytics Software 130

Analytics Software Supply Chain Design Software Optimization Software Modeling Software 130

EC Sourcing Group

AUGUST 16, 2022

Unethical Sourcing Practices in Procurement and How to Avoid Them. Every company wants to save money, but the right sourcing software can help you manage spend and save money the right way. Illegal sourcing. Falling for unethical business practices can affect sourcing and procurement. Favoritism.

Sourcing 40

Sourcing Procurement Negotiate Pricing How To 40

ivalua

FEBRUARY 4, 2020

North Carolina State Poole College of Management recently produced this 28 page report entitled “ 2019 Supply Chain Data Quality and Governance Study ”. In the report 60% of CPOS select poor data quality, standardization and governance as being the biggest challenge in mastering digital complexity. Getting Data right is an imperative.

Data 130

Data Analytics Software Optimal Sourcing Supply Chain Software 130

RFgen

DECEMBER 1, 2017

As they do so, they must be sure to put a greater emphasis on data quality or risk running into situations where the information they rely on misleads them and undermines operations. These types of data quality gaps hold back innovation and efficiency in warehouse settings. Six Tips for Ramping Up Data Quality.

Quality 52

Quality Inventory Management Software Supply Chain Software Modeling Software 52

RFgen

DECEMBER 1, 2017

As they do so, they must be sure to put a greater emphasis on data quality or risk running into situations where the information they rely on misleads them and undermines operations. These types of data quality gaps hold back innovation and efficiency in warehouse settings. Six Tips for Ramping Up Data Quality.

Quality 52

Quality Inventory Management Software Supply Chain Software Modeling Software 52

Logistics Viewpoints

APRIL 6, 2023

When products don’t arrive at the right place, the right time and the right quality, both in-bound supply chain planners and procurement buyers face unplanned plant shutdowns or upset customers. Optimize sourcing: Focus on optimizing sourcing spend across all categories of products.

Optimal Sourcing 201

Optimal Sourcing Sourcing Strategies Manufacturing Procurement Material Savings 201

ivalua

JANUARY 13, 2023

These behaviors are commercially advantageous, increasing competition to directly improve quality, drive down costs, and improve project ROI. As more and more organizations, countries, and cultures embrace diversity programs, unique certifications and data sources will increase exponentially.

Sourcing Strategies 246

Sourcing Strategies Cost Reduction Strategies Expense Reduction Optimal Sourcing 246

Logistics Viewpoints

FEBRUARY 26, 2024

And then, trying to make sure we were getting quality products.” “Our Everything from contrast dye, to tubing, to medical devices with embedded semiconductor chips would suddenly become difficult to source. What’s Next One of the tools Interos provides is the i-Score. The world is changing.

Supply Chain Planning Software 249

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Pharmaceutical 249

Jaggaer

MARCH 18, 2020

The value of quality data has never been higher, and the power to process that data is more readily available than ever. Sourcing with Big Data. Walt Charles’s philosophy on the modern state of sourcing is that it is artificially limited by the tools that teams are using. “Big Data” is everywhere.

Big Data 59

Big Data Analytics Software Optimal Sourcing Sourcing Strategies 59