Precoro

MARCH 31, 2023

March 21 was the second annual iteration of World Sustainable Procurement Day , an online event organized by the Sustainable Procurement Pledge team, SPP Chapters, SPP Champions, and partners to raise awareness about the importance of ethical procurement and to share the best sustainability practices with organizations worldwide.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Manufacturing Procurement Procurement Solutions 52

ivalua

JANUARY 22, 2019

For Procurement leaders in particular there couldn’t be a better time to do so. A recent study by the Hackett Group found that only 63% of Procurement organizations have even developed a plan for digital transformation. Just a couple of examples: Revenue. Innovation. Alex Saric, Chief Marketing Officer, Ivalua.

Optimal Sourcing 113

Optimal Sourcing Procurement Supply Chain Planning Software Supply Chain Software 113

SYSPRO Smarter ERP

MARCH 2, 2022

To deal with the new challenges in managing and planning the supply chain , the procurement department is one of the functions that should look at changing. It is no longer sufficient for procurement to focus just on supplier costs, placing orders and ensuring goods are received. The situation changes with a larger number of suppliers.

Optimal Sourcing 116

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Supply Chain Software 116

NC State SCRC

MAY 30, 2022

The report was published in the last month, and reflects some of the increasing challenges and disparities that exist between procurement and supply chain executives. One of the problems that often emerges in organizations is not only misalignment between procurement and supply chain, but also between senior executives and their managers.

Supply Chain Execution 98

Supply Chain Execution Procurement Analytics Procurement Solutions Optimal Sourcing 98

Precoro

DECEMBER 11, 2023

As part of the larger procurement process, sourcing involves finding and evaluating suppliers for goods or services that need to be purchased. Strategic sourcing involves the meticulous evaluation of suppliers and the overall procurement process to extract maximum value from both.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

Supply Chain Game Changer

APRIL 15, 2020

Digital Procurement article, and permission to publish here, provided by Sam Jenks at kodiakrating.com. Navigating the complexity of the global supply chain as a procurement professional can sometimes feel like taking a walk through the Amazon without a compass, or entering into outer space without an oxygen tank. Don’t Panic!

Procurement Solutions 90

Procurement Solutions Procurement Analytics Procurement Eliminating Excel in Purchasing 90

Supply Chain Shaman

NOVEMBER 21, 2022

Self-driving supply chains are an example. For each issue in the customer service analysis ask, “When did we know? For example, are you using actual lead-time data? Armed with this analysis, you are ready to take the next step. The supply chain planning industry is fraught with big claims with little substance.

Supply Chain Planning Software 303

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Modeling 303

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

ivalua

FEBRUARY 12, 2021

More than one Procurement department has learned this the hard way. Conversely, some Procurement departments have discovered that non-strategic suppliers, or even tier two suppliers, offer them innovative solutions to alleviate the shortage. Nevertheless, an effective Procurement department doesn’t stop there.

Negotiating Skills 130

Negotiating Skills Demand Planning Software Modeling Software Buyer Training 130

Supply Chain Game Changer

SEPTEMBER 9, 2020

Digital Procurement article and permission to publish here provided by Katherine Barrios of xeneta.com. The Hackett Group has recently released their analysis of their procurement benchmarking database. It demonstrates the advantages of working with a digital procurement strategy. Important Digital Procurement Trends.

Optimal Sourcing 58

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Procurement 58

Supply Chain Game Changer

FEBRUARY 11, 2021

But few people really understand what it is, how it works and more importantly, why it is so important to Procurement. This paper seeks to answer those questions and specifically address its benefits to the Procurement process by addressing the following checklist: Checklist. What is Artificial Intelligence or AI?

Procurement 93

Procurement Modeling Software Analytics Software Supply Chain Network Software 93

Supply Chain Shaman

FEBRUARY 28, 2021

As I look at the financials, I question what the value could be if we got serious about innovation through new forms of analytics. For a gal like me, innovation is painfully slow. Companies are hanging their hats on marketing buzzwords, not innovation. Procurement Operates On An Island. The reason? Broad Strokes.

Supply Chain Planning Software 377

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Analytics Software 377

Unleashed

APRIL 5, 2021

Procurement and purchasing are often used interchangeably to describe the role of procurement. What is procurement? Procurement is the process of purchasing a service or a good, usually on a large scale and for commercial purposes. What are the steps in the procurement process? Choose the best supplier.

Procurement Solutions 66

Procurement Solutions Pricing Training Purchasing Training Purchasing Skills 66

Turvo

AUGUST 31, 2021

With all the volatility that still lingers in the modern supply chain, the need for high-quality data analysis, solid procurement planning, good profit margins , and streamlined scheduling systems all remain crucial for shipping and transportation providers. Why Poor Visibility in Grocery Procurement Plans Lead to Big Issues.

Supply Chain Planning Software 59

Supply Chain Planning Software Supply Chain Planning Procurement Solutions Optimal Sourcing 59

Supply Chain Shaman

FEBRUARY 18, 2021

This means building a cognitive engine to sense, learn, and adapt using market data for innovators. Need For What-If Analysis. Initially, the output was published to procurement to design strategic buying strategies. Procurement became an island–isolated from the demand signal except for MRP.

Supply Chain Planning Software 292

Supply Chain Planning Software Supply Chain Design Software Supply and Demand Procurement Analytics 292

Logility

NOVEMBER 28, 2023

Yet, as supply chain innovators, we also know the rich history of applying technologies to continuously resolve these challenges and optimize S&OP outcomes. Planners strategically examine procurement and sourcing practices and align production and distribution to meet product demand.

S&OP 130

S&OP Supply and Demand Supply Chain Planning Software Scenario Planning 130

Eyvo

DECEMBER 11, 2018

Many of us think of digital procurement as a way to reduce purchase costs and increase efficiencies. One example of value addition can be in the form of supplier collaboration and developing long-term relationships with them. Technological infrastructure has been a blessing in disguise for the modern procurement world.

Procurement Solutions 58

Procurement Solutions Procurement Analytics Optimal Sourcing Negotiating Skills 58

Elementum

FEBRUARY 7, 2024

Business Process Automation AI: Revolutionizing Efficiency in the Digital Age Artificial Intelligence (AI) is dramatically transforming Business Process Automation (BPA), ushering in a new era of operational efficiency and innovation. Businesses gain agility and can focus human resources on strategic work.

Sourcing Strategies 78

Sourcing Strategies Supply Chain Software Optimal Sourcing Predictive Analytics Software 78

GlobalTranz

NOVEMBER 28, 2016

Editor's Note: Today's blog is by our great friend, Chuck Intrieri where he gives us a fantastic example of how Procurement and Suppliers can enhance Supplier Relations by navigating the "Battle of the Forms.". For example, in one Indiana case, Tyler Pipe Industries, Inc. Battle of the Forms: Will You Win, Lose or Draw?

Negotiate Pricing 120

Negotiate Pricing Manufacturing Procurement Optimal Sourcing Purchasing Skills 120

Supply Chain Shaman

FEBRUARY 28, 2021

As I look at the financials, I question what the value could be if we got serious about innovation through new forms of analytics. For a gal like me, innovation is painfully slow. Companies are hanging their hats on marketing buzzwords, not innovation. Procurement Operates On An Island. The reason? Broad Strokes.

Supply Chain Planning Software 219

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Analytics Software 219

Eyvo

DECEMBER 11, 2018

Many of us think of digital procurement as a way to reduce purchase costs and increase efficiencies. One example of value addition can be in the form of supplier collaboration and developing long-term relationships with them. Technological infrastructure has been a blessing in disguise for the modern procurement world.

Procurement Solutions 40

Procurement Solutions Procurement Analytics Optimal Sourcing Procurement 40

Supply Chain Game Changer

NOVEMBER 15, 2018

Procurement professionals have the same question looming over their head on a daily basis: “How do you plan on dealing with digitalization?”. Recently I had the pleasure of attending EBG Network’s 8th Annual Source to Pay Summit, which gathered some of the Nordic’s largest organizations and procurement profiles. around the globe?—?and

Procurement Solutions 53

Procurement Solutions Procurement Analytics Optimal Sourcing Supply Chain Planning Software 53

Claritum

NOVEMBER 16, 2018

Claritum Article - Procurement Blog. Address Procurement Strategy. Focus Procurement on supplier optimisation. Don’t lose Procurement’s focus on costs. Keep Procurement up to date. Procurement is a complex multidisciplinary team activity that crosses all areas of the business. Introduction. Remove the noise.

Procurement Solutions 69

Procurement Solutions Procurement Analytics Optimal Sourcing Negotiating Skills 69

Supply Chain Game Changer

NOVEMBER 13, 2018

Check out What Exactly Is Procurement? There has been transformation in the Procurement function over the past decade. A Paradigm Shift in the Procurement Function. The Evolution of Procurement’s Value Proposition. Are we witnessing the dawn of a big shift in the way strategic procurement is done? Subscribe Here!

Manufacturing Procurement 73

Manufacturing Procurement Optimal Sourcing Procurement Analytics Cost Reduction Strategies 73

Claritum

AUGUST 4, 2020

Introduction Procurement is a complex. The variables and complexities of purchasing products and services, from basic supplies through to strategic purchases, make Procurement a key. the procurement function. the procurement function. The procurement environment is dynamic and constantly changing with.

Procurement Solutions 41

Procurement Solutions Procurement Analytics Optimal Sourcing Negotiating Skills 41

ivalua

AUGUST 16, 2021

This reliance can increase supplier risk or uncover a large source of value and supplier innovation for organizations. . In order that sourcing and procurement teams fully optimize their supplier network, there needs to be a change in the way organizations view all suppliers. Ensure compliance with business and regulatory requirements.

Optimal Sourcing 130

Optimal Sourcing Sourcing Strategies Supply Chain Planning Software Supply Chain Design Software 130

Claritum

JUNE 13, 2019

Claritum Article - Procurement Blog. I took on the challenge of writing a condensed version of all the current Procurement challenges. I believe the issue with these articles is the broad range encompassed by the word Procurement and the constant change within this domain. Procurement Domain Name. Introduction.

Manufacturing Procurement 32

Manufacturing Procurement Procurement Solutions Procurement Analytics Optimal Sourcing 32

OptiProERP

DECEMBER 20, 2023

PLM involves coordinating people, processes, business systems, and information to drive innovation, improve product quality, and optimize processes. Therefore, organizations that heavily rely on product innovation and development might find implementing both ERP and PLM systems beneficial. What is a Product Lifecycle Management System?

Optimal Sourcing 52

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

Logistics Viewpoints

MARCH 8, 2021

Mr. Frasquet is the executive director of corporate procurement, although his responsibilities include a much broader set of supply chain responsibilities than just sourcing. For example, go to the Walmart, turn right, and it is the third house on the left. From a process perspective, an analysis is not enough.

Supply Chain Design Software 255

Supply Chain Design Software Supply Chain Planning Software Supply Chain Transformation Modeling 255

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. Types of Procurement Analytics.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Solutions Procurement Analytics Pricing Training 98

Supply Chain Shaman

JUNE 23, 2020

The supply chain planning vendor faces the innovators’ dilemma. Procurement and transportation operated as islands. We need to combine TOC with flow analysis to drive better answers. For example, the higher the demand variability, the more the company needs greater capacity in manufacturing assets and inventory buffers.

Supply Chain Design Software 292

Supply Chain Design Software Supply Chain Planning Software Analytics Software Optimization Software 292

Supply Chain Shaman

APRIL 15, 2020

I firmly believe that the rebound of the economy requires strong supply chains, but to make this happen, we need to turn our backs on historic practices and innovate new ways of working. An example is a focus on moving and buying ventilators without an assessment of the availability of critical parts and skilled therapists.

Supply Chain Planning Software 443

Supply Chain Planning Software Supply Chain Design Software Modeling Supply and Demand 443

SCMDOJO

JUNE 21, 2023

Supply Chain as a Service (SCaaS) Examples Across Industries Retail Industry Retailers leverage third-party service providers, external manufacturing systems (EMS), and supply chain IT services (RFID, IoT, barcoding, etc.), Procurement outsourcing helps the company secure aggregate demand for multiple customers at the lowest price.

Supply Chain Planning Software 89

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Optimal Sourcing 89

Claritum

MAY 12, 2019

Claritum Article - Procurement Blog. Technologies and Procurement Table. There are a lot of articles around on what Procurement needs to do; how Procurement needs to change; and how technology will fundamentally change Procurement. 2 Technologies and Procurement Table. Virtual Procurement Agents.

Analytics Software 36

Analytics Software Predictive Analytics Software Modeling Software Supply Chain Network Software 36

Supply Chain View from the Field

DECEMBER 14, 2013

In this first of a series of blogs, I will be exploring many of the key themes that emerged in the recent Future of Procurement study I co-authored with KPMG’s Procurement Advisory Council. The first of the themes we will explore is the procurement manager’s role as a support to the Chief Financial Officer.

Optimal Sourcing 74

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 74

Supply Chain Shaman

DECEMBER 11, 2018

Supply chain innovation is slowly simmering in the face of radical disruption. Examples include Hadoop, Kafka, and Apache Spark. . New forms of data abound–weather data, consumer insights, rating/review information, sentiment analysis—but they are not used. A confluence of technology drives innovation.

Supply Chain Planning Software 199

Supply Chain Planning Software Supply Chain Design Software Modeling Software Supply Chain Network Software 199

Global Trade Management

DECEMBER 11, 2023

The advantages of these analytics methods are multifaceted, for example: • Working Capital Optimization • Cost Reduction • Planning Accuracy (Bill Whip Effect) • Risk Management • Customer Satisfaction The Role of Algorithms in Supply Chain Optimization Algorithms serve as the guiding hand in supply chain optimization.

Prescriptive Analytics Software 59

Prescriptive Analytics Software Supply Chain Software Analytics Software Predictive Analytics 59