Remove Analysis Remove Currency Remove Eliminating Excel in Purchasing Remove Sourcing
article thumbnail

Patterns Tell the Story of Supply Chain Excellence

Supply Chain Shaman

Pattern recognition is the ability to discern patterns in data and use the insights for further analysis. We purchase data from Y charts. (A This data source synchronizes corporate reporting across global markets while tracking restatements, name changes, and currency shifts.) Consider Lenovo in Figure 1.

article thumbnail

Procurement Analysis: a Game Changer for Purchasing Strategically

Precoro

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. To navigate complex and fast-paced markets, an agenda of spend analysis is introduced as a part of the procurement function. From whom are we buying? In what quantities are we buying?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Spend Analysis: Best Practices

Precoro

The answer is simple: spend analysis. Read on to learn all you need to know about the definition, benefits, types, steps of implementation, and success tips for spend analysis. What Is the Spend Analysis Process? What Is the Spend Analysis Process? Informed means armed!

article thumbnail

Introducing QAD Adaptive ERP 2021.1

QAD

From integrated multi-currency, multi-GAAP and multi-entity financials to best practice purchasing, from shared services to real-time data and flexible data analytics, Effective Enterprise Management ensures that manufacturers operate from a trusted set of essential enterprise processes that meet today’s and tomorrow’s needs.

article thumbnail

How to Customize Your Procurement Spend Analysis Dashboard

EC Sourcing Group

How to Customize Your Procurement Spend Analysis Dashboard. One of the most important functions in procurement management is the procurement spend analysis process. This is where you will take a deep look at how your organization spends money, but performing an excellent spend analysis does much more than that.

article thumbnail

5 Inventory Management Tips for Manufacturing SMBs!

Supply Chain Game Changer

Improved relationships with suppliers: You can use sophisticated inventory insights to negotiate excellent deals with suppliers and vendors. Manufacturers, on the other hand, must track levels of raw materials, supplies and tools, finished goods, and products in progress, most probably at different warehouses , and with multiple currencies.

article thumbnail

ERP Advantages and Disadvantages: How To Decide

Precoro

Enterprise resource planning systems are essential to companies because they help them efficiently track business resources — cash, raw materials, or production capacity, and the status of business commitments : orders, purchase orders, and payroll. Improved Collaboration.