Precoro

OCTOBER 2, 2023

The procurement landscape is ever changing, and recently, in contrast to the traditional procure-to-pay platforms, we have seen the emergence of a new type of software solution, intake-to-pay, which is marketed as a more comprehensive solution. But hold on: are we sure that wasn't all possible with procure-to-pay, anyway?

Procurement Solutions 59

Procurement Solutions Procurement Analytics Optimal Sourcing Supply Chain Design Software 59

Precoro

MAY 22, 2023

This process, known as IT procurement, requires comprehensive steps with clear objectives and vendor selection criteria to ensure that technology investments align with business goals and yield a return on investment (ROI). This article encompasses the best practices for planning and executing successful IT procurement strategies.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Pricing Training Purchasing Skills 52

Supply Chain Game Changer

OCTOBER 28, 2021

Featuring Our 12 Best Procurement Articles! Procurement is a function that is undergoing an exciting transformation in the majority of global value chains; simultaneously, within its own strategy, process, and technology. This is an exciting time to be a procurement practitioner, as well as a vendor of ProcureTech solutions.

Optimal Sourcing 89

Optimal Sourcing Procurement Supply Chain Planning Software Modeling Software 89

Supply Chain Matters

FEBRUARY 24, 2023

After deliveries were suspended for upwards of two years because of a series of quality and manufacturing process issues, Boeing has plans to ramp production to five per month in late 2023 and to 10 per month in the 2025/2026 timeframe. supplier prices rose 6 percent in January 2023 and The Wall Street Journal headlined that this was: “.

Supply Chain Planning 52

Supply Chain Planning Price Reduction Supply Chain South Carolina 52

Kodiak Hub

SEPTEMBER 23, 2021

Procurement is a function that is undergoing an exciting transformation in the majority of global value chains; simultaneously, within its own strategy, process, and technology. This is an exciting time to be a procurement practitioner, as well as a vendor of ProcureTech solutions. between 2018–2023 (MarketWatch 2020).

Optimal Sourcing 59

Optimal Sourcing Procurement Supply Chain Planning Software Modeling Software 59

Precoro

NOVEMBER 13, 2023

However, only 30% of CPOs claim they have achieved their cost-saving targets in 2023. One of the ways that procurement teams improve this figure is by tracking and improving the purchase price variance (PPV) metric. Stakeholders track purchase price variance to understand procurement spend and quantify its efficiency.

Purchasing Skills 98

Purchasing Skills Procurement Analytics Negotiating Skills Negotiate Pricing 98

ShipBob

FEBRUARY 6, 2023

From the actual packing process to the documentation process, you can find plenty of options to help you automate your packing tasks. Fortunately for businesses, document insertion systems can help to automate and streamline the process for greater efficiency and accuracy.

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Optimization Software Predictive Analytics Software 52

HICX Solutions

FEBRUARY 2, 2023

The discussion focused on key findings from our recent Voice of the Supplier Survey and reactions to the results from an industry-insider perspective and a supplier point of view.

Optimal Sourcing 52

Optimal Sourcing Negotiate Pricing Procurement Analytics Procurement Solutions 52

QAD

MAY 23, 2023

ESG Regulations are Driving Investment in Sustainable Procurement Regardless of where you stand on the ethics behind ESG issues, you’d think consumer demand would be a clear driver for sustainable product development. Compliance appears to be a significantly larger driver for sustainable procurement than ethics or consumer demand.

Procurement Solutions 92

Procurement Solutions Supply Chain Planning Software Supplier Management Modeling Software 92

Logistics Viewpoints

MARCH 2, 2023

And a FourKites survey of 350+ supply chain leaders tells us that the past few years of supply chain disruptions — including COVID-19, market volatility, global political conflict, material shortages and extreme weather events — drove 73% of respondents to begin investing in supply chain visibility, with 46% planning to invest more in 2023.

Waste Reduction 197

Waste Reduction Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 197

The Logistics & Supply Chain Management Society

AUGUST 20, 2020

Gartner estimates that by the end of 2022, 85% of enterprises will have some form of RPA implemented in their business and Forrester calculates the RPA market will exceed a 50% CAGR by 2023, going from roughly $500 million to $2.8 Procurement. Contract Review.

Supply Chain Software 246

Supply Chain Software Supply Chain Planning Software Optimal Sourcing Agile and Lean Supply Chain 246

Supply Chain Matters

FEBRUARY 12, 2024

Background Prediction Four within the Ferrari Consulting and Research Group’s 2024 Predictions in Global Supply Chains , now available for complimentary downloading in our Research Center , represented our belief that the increased labor activism that occurred in 2023 will continue this year, but with different nuances.

Negotiating Skills 59

Negotiating Skills Predictive Analytics Software Supply Chain Planning Software Supply Chain Software 59

The Logistics & Supply Chain Management Society

JULY 16, 2023

He is also an Adjunct Professor with UTM Azman Hashim International Business School in Malaysia, conducting research on halal procurement strategy, halal supply chain management, and halal risk and reputation management. He is the author of ‘Halal business management: a guide to achieving halal excellence’.

Risk Management 130

Risk Management Supply Chain Design Software Supply Chain Planning Software Pharmaceutical 130

Resilinc

AUGUST 1, 2023

The EU Deforestation Regulation (EUDR), adopted on June 29, 2023 , will prevent companies from placing commodities linked with deforestation and forest degradation onto the EU market. From June 29, 2023, operators and traders will have 18 months to prepare and abide by these new regulations.

Supply Chain Planning Software 62

Supply Chain Planning Software Supply Chain Strategy Supply Chain Planning Manufacturing Procurement 62

Supply Chain Matters

FEBRUARY 2, 2024

Supply Chain Matters provides highlights of Boeing ’s latest report of 2023 financial performance along with added and growing implications from the latest 737 MAX 9 aircraft door plug blowout incident. based commercial aircraft designer and producer Boeing reported both Q4 and full year 2023 financial performance this week.

Alaska 52

Alaska Supply Chain Planning Software Cost Reduction Strategies Modeling 52

QAD

APRIL 27, 2023

Earlier this year, QAD hosted a live webinar to explore and analyze the trends that are likely to dominate the procurement world over the coming months. It’s no secret that procurement teams have an amplified role within their businesses and that many are left with questions — our goal was to offer answers.

Manufacturing Procurement 96

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 96

Precoro

OCTOBER 30, 2023

A purchase order (PO) is a formal request for goods or services that becomes a legally binding document once the vendor accepts it. The document is essential for smooth procurement operations. Read on to learn why procurement and accounting teams heavily rely on the PO number system and how to create a good one.

Procurement Solutions 52

Procurement Solutions Optimal Sourcing Procurement Purchasing Skills 52

Exiger Perspectives

MAY 8, 2023

With multi-tier supplier and part-level management on the rise, the partnership offers comprehensive scenario modeling and proactive risk management from raw materials to customer end point OTTAWA, CANADA, April 27, 2023 — Kinaxis ® Inc.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Planning Scenario Planning Analytics Software 52

Precoro

APRIL 1, 2024

Suppliers or vendors can implement it to create and send invoices more efficiently, whereas their customers adopt such a system to automatically match invoices with related documents. Tracking and traceability An e-invoice system provides a transparent audit trail for each invoice and eliminates the problem of lost documents once and for all.

Procurement Solutions 105

Procurement Solutions Modeling Software Supply Chain Network Software Inventory Management Software 105

SCMDOJO

APRIL 4, 2023

Read More: 10 Must-Read Supply Chain Analytics Books for 2023 ] The benefits of SCM analytics are numerous. Purpose of SCM Analytics Supply chain analytics aims to provide insight and extract value from the large amounts of data associated with the procurement, processing, and distribution of goods.

Prescriptive Analytics Software 110

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Supply Chain Design Software 110

Precoro

JULY 9, 2023

According to research by Ardent Partners in 2023, over two-thirds of invoices are linked to a purchase order, indicating that about one-third of invoices are not. While it may be tempting to assume that skipping purchase order creation speeds up the procurement process, the study emphasizes the disadvantages of such an approach.

Procurement Solutions 98

Procurement Solutions Procurement Analytics Purchasing Skills Eliminating Excel in Purchasing 98

QAD

APRIL 4, 2023

We are thrilled to announce the release of QAD Adaptive ERP 2023, the latest version of QAD’s next-generation ERP solution that includes the QAD Enterprise Platform. QAD EQMS (Enterprise Quality Management System) has made document collaboration easier by allowing collaboration in the draft state within Google Workspace.

Manufacturing Procurement 95

Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software Modeling Software 95

Supply Chain Matters

AUGUST 30, 2023

Background As the month of August comes to a close, we wanted to revisit one of our 2023 Predictions for Industry and Global Supply Chains published at the beginning of this year. The abstract notes that the research paper “ documents that shifts in the pattern of U.S. All rights reserved.

Sourcing Strategies 59

Sourcing Strategies Global Price Reduction Vietnam 59

EMERGE App

DECEMBER 25, 2023

Which can optimize the procurement and delivery of raw materials, synchronize with manufacturing processes, and efficiently fulfill orders. As proof of that, EMERGE was recognized by Techtimes.com as the top 1 best inventory management software in 2023. So, what are the technologies that EMERGE has specifically?

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Procurement Solutions Supply Chain Design Software 52

EMERGE App

DECEMBER 25, 2023

Which can optimize the procurement and delivery of raw materials, synchronize with manufacturing processes, and efficiently fulfill orders. As a proof for that, EMERGE was recognized by Techtimes.com in top 1 best inventory management software in 2023. So, what are the technologies that EMERGE has specifically?

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Procurement Solutions Inventory Management 52

Taulia

MARCH 14, 2023

In EY’s CEO Outlook Pulse from January 2023, over half of the respondents said optimizing net working capital would be “very important” over the next six months. With more control over supplier data and documentation, companies can ensure that the products they receive are delivered on time and meet quality standards.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Expense Reduction Cost Reduction Strategies 52

Precoro

DECEMBER 23, 2022

2023 is almost knocking on our doors. With it, you can receive constant notifications about colleagues' requests, start a discussion in the thread, and make decisions on pending documents directly from your Slack workspace. We continue to work on this integration, so be ready to check updates in 2023. Amazon Punch-in.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Optimization Software Purchasing Skills 52

Proxima

MARCH 21, 2023

According to a study by The New Climate Institute in July 2022 and documented in the Net Zero Tracker 2 , around two-thirds of enterprise Net Zero targets lack integrity. Further, in February 2023, the Carbon Disclosure Project, CDP, commented that of the >18,000 organizations that had disclosed climate transition plans, only 0.4%

Resource Reduction 52

Resource Reduction Benchmarking Modeling Software Price Mitigation Strategies 52

Precoro

JANUARY 1, 2024

Under this model, companies are charged only for approvers and administrative users (such as procurement and finance managers), and can add an unlimited number of free users who will be able to submit purchase requests. Apart from these 2 plans, we offer an option of a Power-user pricing model for unique cases. Why the Price Increase?

Purchasing Skills 52

Purchasing Skills Price Reduction Modeling Software Procurement Solutions 52

ivalua

MARCH 9, 2023

It is a crucial process for organizations that are looking to streamline their procurement activities, better manage spend and suppliers and increase operational efficiency. The last phase of the process, also known as Procure-to-Pay includes the ordering of goods/services, receiving of these, invoicing and payment to suppliers.

Optimal Sourcing 130

Optimal Sourcing Purchasing Skills Sourcing Strategies Sourcing 130

QAD

AUGUST 22, 2023

It is not just a documentation error. This is a scenario that supply chain, import and procurement professionals are encountering today – and keeping many up at night. As of the end of May 2023, CBP has denied over 600 shipments entry to the United States. You wake up one morning to an urgent phone call.

Manufacturing Procurement 93

Manufacturing Procurement Supply Chain Software Supply Chain Design Software Procurement Solutions 93

Precoro

FEBRUARY 12, 2024

In order to make it as realistic as possible, it’s a good idea for treasury and finance departments to communicate closely with sales, procurement, and accounting teams. The 2022 Bloomberg Risk Analytics Survey states that market, credit, and liquidity risks were top-of-mind concerns for financial institutions for 2023.

Optimal Sourcing 102

Optimal Sourcing Expense Reduction Inventory Reduction Negotiating Skills 102

Precoro

JUNE 21, 2023

According to Ardent Partners , 48% of AP leaders see improving AP reporting and data analytics as a strategic priority for 2023. Saving and organizing documents and records for AP transactions, such as purchase orders , receipts, vendor invoices, and payment records.

Procurement Analytics 98

Procurement Analytics Expense Reduction Procurement Solutions Guidelines 98

Supply Chain Matters

DECEMBER 7, 2023

to hand over required regulatory documents relating to “ every single sale ” of aircraft parts. Aviation regulators in the European Union , United States and the United Kingdom later issued advisory notices warning airlines of suspected false documentation being provided by the parts supplier. That request was granted.

United Kingdom 52

United Kingdom Military Supply Chain Design Software Supply Chain Planning Software 52

Supply Chain Matters

FEBRUARY 14, 2024

The flexis acquisition follows the announced closing of the acquisition of Doodle in November 2023, a provider of first and last mile logistics support for customer returns processes. In April of 2023, this column highlighted Arrival’s second blank check SPAC deal after upwards of two years as a public company.

Supply Chain Planning Software 52

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

Enterra Insights

MAY 7, 2021

”[4] She adds, “Blockchain technology will support the global movement of $2 trillion of goods and services by 2023, predicts Gartner in their new report. That said, long distances, numerous parties, large volumes of documents and data, and mutual trust can be optimally mapped digitally with blockchains.

Gartner 130

Gartner Optimal Sourcing Supply Chain Software Supply Chain Optimization 130

Supply Chain Matters

MARCH 17, 2023

The new international air carrier is to be named Riyadh Air, which is reportedly procuring 39 Boeing 787-9 aircraft, with an option for 33 more. This procurement further includes the aircraft being powered by General Electric engines, which is another boost to GE’s order backlog. Time will tell. All rights reserved.

Manufacturing Procurement 52

Manufacturing Procurement Saudi Arabia Purchasing Skills Procurement Analytics 52