Precoro

JULY 16, 2023

The purchasing department plays a critical role in the success of an organization. Thought-out practices and well-managed workflows within the purchasing department are crucial for making sure that the company has the necessary resources available at the right time and at a reasonable cost.

Pricing Training 98

Pricing Training Purchasing Skills Procurement Analytics Purchasing Training 98

Supply Chain Shaman

DECEMBER 15, 2022

If you answer the survey, I will gladly give you a custom analysis of your organization against the peer group. In the supply chain team analysis, note the 21% gap between procurement and manufacturing teams, the 35% gap between sales and operations and the 21% gap between finance and operations. Functional Metrics.

Manufacturing Procurement 395

Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software Procurement Analytics 395

Supply Chain Shaman

APRIL 27, 2022

At each company, there is a relationship between the metrics of growth, margin, inventory, customer service, and asset strategy. For the purpose of this article, I will use Return on Invested Capital (ROIC) as the proxy metric to discuss asset utilization.) Understanding this relationship requires modeling. (A A Case Study.

Procurement Analytics 349

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software 349

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. Why Is Purchase Price Variance Important?

Purchasing Skills 98

Purchasing Skills Procurement Analytics Negotiating Skills Negotiate Pricing 98

Precoro

AUGUST 14, 2023

More and more companies are acknowledging the importance of centralizing and optimizing their procurement operations. One of the ways to accomplish this is to establish a procurement team to streamline ordering by centralizing purchases and improving supplier relations. What are the duties of a procurement manager?

Negotiating Skills 98

Negotiating Skills Purchasing Skills Buyer Training Procurement Solutions 98

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. What Is Procurement Process?

Optimal Sourcing 97

Optimal Sourcing Manufacturing Procurement Purchasing Skills Procurement Solutions 97

Logistics Viewpoints

MAY 13, 2024

This technology allows businesses to unify their procurement, expense management, invoicing, payments, sourcing, contract management, and spend analysis processes and reporting. This solution provides for purchase order collaboration. The idea of community was there from the beginning.” What an opportunity!”

Procurement Solutions 217

Procurement Solutions Forecasting Software Modeling Software Procurement Analytics 217

Precoro

JANUARY 29, 2024

Inflation is an unavoidable fact of the globalized economy, and it impacts organizational spending across various sectors. As the department overseeing an organization's external expenditure, procurement is responsible for softening the impact of inflation. A typical procurement management plan includes: Identification of needs.

Procurement Solutions 98

Procurement Solutions Procurement Analytics Optimal Sourcing Supply Chain Planning Software 98

ivalua

AUGUST 17, 2021

What does Procurement mean? An organization’s Procurement function is responsible for managing spend, in other words the buying goods and services that are used to make the products sold to customers as well as the purchasing of products and services used to run the organization on a day to day basis.

Manufacturing Procurement 130

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 130

SCMDOJO

APRIL 4, 2023

Luckily, supply chain analytics is here to help! By harnessing the power of data and analytics, companies can uncover valuable insights into their supply chain processes, pinpoint areas in need of improvement, and make informed decisions that can boost their bottom line. Key Takeaways What is Supply Chain Analytics?

Prescriptive Analytics Software 111

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Supply Chain Design Software 111

SCMDOJO

APRIL 20, 2023

If you’re eyeing a role as a Procurement Manager (or are looking to hire one), you’re in the right place! As a procurement Manager, you’ll play a crucial role in overseeing the purchasing and procurement process for a company or organization, making sure they get the best bang for their buck.

Negotiating Skills 98

Negotiating Skills Optimal Sourcing Procurement Analytics Manufacturing Procurement 98

Precoro

MAY 19, 2023

According to McKinsey survey of global supply chain leaders , only 53% of respondents describe the quality of data in their supply chain planning systems as “sufficient” or “high.” By setting benchmarks for metrics, analysts can recognize unsettling trends and take preventive measures on time.

Procurement Analytics 98

Procurement Analytics Metrics Supply Chain Planning Software Supply Chain Software 98

Logistics Viewpoints

AUGUST 14, 2023

The global trade compliance market is one crazy market. The market grew by double digits year over year, yet there is no standard user and consequently there is no common understanding of what the end-to-end global trade compliance process should be. Every customer seems to want to manage them differently.”

Global 177

Global Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies 177

Supply Chain Shaman

JULY 25, 2021

In fact, in our Supply Chains to Admire analysis, we find that this is true in twenty-five of twenty-eight industry sectors studied. Few companies measured the impact on error and bias through the rigor of Forecast Value Added (FVA) analysis. As supply chains moved from regional to global, intransit and cycle inventories increased.

Procurement Analytics 370

Procurement Analytics Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning Software 370

Supply Chain Shaman

JANUARY 31, 2022

Companies that viewed the pandemic as another risk management event will struggle the most with Q1 and Q2 earnings reports. Source E2open Shipping Index). As companies grappled with growing and achieving global scale, the organizations became larger. Focus on Cost. Focus on Cost. A Decline in Innovation.

Procurement Analytics 221

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies 221

Supply Chain Shaman

SEPTEMBER 22, 2021

Recently, I hosted the Supply Chain Insights Global Summit. In our research, we find that 72% of planners primarily depend on Excel and desktop analysis despite the rollout of advanced platforms for planning in 92% of manufacturers with greater than 5B$ in revenue. Top Challenges in the Adoption of New Forms of Analytics.

Optimal Sourcing 221

Optimal Sourcing Analytics Software Procurement Analytics Supply Chain Planning Software 221

EC Sourcing Group

SEPTEMBER 7, 2021

Spend Analysis in Supply Chain Management. The broader picture beyond procurement is the supply chain, as procurement (or purchasing) is just one step in the supply chain. . As there are many steps in the supply chain, there are many steps in procurement and procurement management. Read on to learn how.

Analysis 52

Analysis Material Savings Manufacturing Procurement Supply Chain Software 52

ivalua

MAY 11, 2021

Risk management, cost reduction and digital transformation — these are the three top priorities for procurement organisations in the Middle East today, according to a global survey conducted by Ivalua’s global partner PwC. million over the next two years to digitize more of the procurement function.”.

Optimal Sourcing 130

Optimal Sourcing Manufacturing Procurement Procurement Solutions Procurement Analytics 130

Supply Chain Shaman

SEPTEMBER 13, 2023

I know that your primary focus is procurement. Only 2% of companies are pushing forward in our Supply Chains to Admire analysis. Regional companies outperform global brands in all but two industries in the market. Global companies with stable brands struggle to drive improvement, but ironically, we speak of best practices.

Supply and Demand 397

Supply and Demand Supply Chain Planning Software Modeling Demand Planning 397

Supply Chain Shaman

FEBRUARY 7, 2022

Companies that viewed the pandemic as another risk management event will struggle the most with Q1 and Q2 earnings reports. Source E2open Shipping Index). As companies grappled with growing and achieving global scale, the organizations became larger. Focus on Cost. Focus on Cost. A Decline in Innovation.

Procurement Analytics 195

Procurement Analytics Manufacturing Procurement Sourcing Strategies Optimal Sourcing 195

ivalua

FEBRUARY 8, 2023

Ivalua Blog [ivory-search] Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience February 8, 2023 | | Manufacturing by Doug Keeley In the face of an unprecedented global crisis, Procurement stepped up to become a crucial driving force for business continuity. Work to achieve 100% supply chain visibility.

Manufacturing Procurement 242

Manufacturing Procurement Supply Chain Planning Software Supply Chain Software Optimal Sourcing 242

Enterra Insights

MAY 16, 2022

Many pundits insist that anyone who believes the global supply chain is going to return to normal is suffering from this form of insanity. The global supply chain doesn’t adjust well to unexpected or unusual incidents — so-called black swan events. ” Without a paradigm shift (i.e., ”[4].

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Design Software Alloy Supply Chain Software 130

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

Supply Chain Shaman

FEBRUARY 14, 2022

I wrote my first report on Sales and Operations Planning (S&OP) while sitting on the floor in the Atlanta airport in 2005 when I was an AMR Research analyst. I wrote many reports on airport floors in those days–electrical plugs were just too scarce.) Sales and Operations Maturity Model from 2005-2008. Mistake #3.

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

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

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

ThroughPut

DECEMBER 8, 2023

If there’s any piece of technology or analytics that can help with the most advanced data-driven decision-making in the supply chain right now, that’s prescriptive analytics. It is the most promising form of analytics in the market currently. What Is Prescriptive Analytics in Supply Chain? How should the supplier perform?

Prescriptive Analytics Software 52

Prescriptive Analytics Software Optimal Sourcing Modeling Procurement Analytics 52

QAD

OCTOBER 24, 2023

Global demand and supply chain networks naturally include distance, cultural, time-zone, tariff, geopolitical and other types of challenges when working with suppliers. Organizations we work with often mention the desire for a single source of truth that improves decision making with suppliers based on the same set of information.

Supplier Management 92

Supplier Management Procurement Solutions Optimal Sourcing Supply Chain Network Software 92

Supply Chain Matters

FEBRUARY 5, 2024

Supply Chain Matters provides a monthly highlights of reported January 2024 global and regional production and supply chain PMI indices. Overall, global activity reportedly showed signs of increased production output and corresponding activity levels, but the gains were mostly in developing and lower-cost regions.

Manufacturing Procurement 52

Manufacturing Procurement South Korea Manufacturing Global 52

Supply Chain Shaman

NOVEMBER 11, 2020

Globally ten percent of jobs are in manufacturing, while 37% are associated with supply chain management. The discipline, first defined in 1982, includes source, make, deliver, and planning functions. One of my favorite supply chain leaders has a stack of Palantir reports in black binders on his desk. Reflection. Let me explain.

Supply Chain Design Software 317

Supply Chain Design Software Procurement Solutions Manufacturing Procurement Supply Chain Planning Software 317

LevaData

APRIL 26, 2022

It's difficult to source and buy direct materials at scale. For example, you have to make sure the supplier you're dealing with makes sense from both a cost and risk perspective. And would real-time marketplace pricing provide more negotiating power than depending on backward-looking "should-cost" data when negotiating with suppliers?

Purchasing Skills 52

Purchasing Skills Manufacturing Procurement Negotiating Skills Negotiate Pricing 52

Logistics Viewpoints

APRIL 19, 2024

Amazon has a long way to go, as the company says its operations emitted about 71 million metric tons of carbon dioxide equivalent in 2022, up by almost 40 percent since Jeff Bezos’s 2019 vow that his company would eventually stop contributing to the emissions warming the planet. Logistics companies tell CNBC that U.S.

Logistics Network Optimization Software 215

Logistics Network Optimization Software Logistics Baltimore Canada 215

QAD

MARCH 27, 2024

It’s fair to say that your information is likely not unified in one system offering a single source of truth. Multiple ERPs, CRM and PLM are common in global businesses. This software helps businesses keep track of raw materials, orders, cash, production capacity, purchase orders, inventory levels, and more.

Supply and Demand 52

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

ThroughPut

MAY 22, 2024

An effective ERP manages day-to-day business activities such as accounting, procurement, project management, risk management and compliance, and supply chain operations. ERP supports modern supply chains by managing the complexities and enabling the responsiveness required in today’s fast-paced, global supply chains.

Supply Chain Planning Software 98

Supply Chain Planning Software Resource Reduction Optimal Sourcing Resources 98

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

HICX Solutions

FEBRUARY 15, 2024

As an increasing number of organizations engage with vendors on a global level to fulfill their supply chains, the need for supply chain robustness has never been so critical. This has been acutely highlighted since the turn of the decade due to global events. The Global Supply Chain Landscape: What is the current situation?

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Optimal Sourcing 52

Logility

APRIL 2, 2020

Supplier scorecards are globally accepted as a key tool for managing a more profitable supply chain. If you can’t identify an outcome and a strategy to relate to the KPI, then you’ll be wasting time on data collection and analysis. Phone * Company * Job Title * Zip Code * Source Asset Source Download ID.

Negotiating Skills 157

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