EC Sourcing Group

SEPTEMBER 7, 2021

Spend Analysis in Supply Chain Management. If you’re executing your procurement strategies efficiently, you’re also continually running spend analysis reports. Therefore, it’s important to know how to interpret them, understand them, and know the importance of the role of spend analysis in supply chain management.

Analysis 52

Analysis Material Savings Manufacturing Procurement Supply Chain Software 52

Supply Chain Shaman

MAY 9, 2023

The process is not a panacea for the lack of organizational alignment or clarity on strategy. The panel group is sourced from my group of LinkedIn followers. The problem is that few companies have a clear definition of excellence compounded by the lack of clear definition of a business strategy. My goal is to help.

S&OP 330

S&OP Supply and Demand Supply Chain Planning Software Sourcing Strategies 330

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.

Optimal Sourcing 97

Optimal Sourcing Manufacturing Procurement Purchasing Skills Procurement Solutions 97

EC Sourcing Group

JUNE 14, 2022

Spend analysis in procurement has always been an imperative, playing a vital role both in procurement management and the supply chain. Spend analysis technology” and “ spend analysis software” are parallel terms, and automates the entire spending analysis system. Full Visibility with a Spend Analysis.

Analysis 52

Analysis Forecasting Software Vendor Strategies Analytics Software 52

EC Sourcing Group

AUGUST 9, 2022

Sourcing is an integral part of procurement management and an upstream part of the supply chain, affecting its overall success. Sourcing is the acquiring of goods and services needed to run a business or make a product. . But, what makes the best sourcing software for your strategic sourcing solutions ? . Risk management.

Optimal Sourcing 52

Optimal Sourcing Sourcing Strategies Sourcing Supply Chain Software 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 From lost opportunities to higher costs, outdated sourcing methods and traditional sourcing strategies can impede your success and the growth of your business.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

ivalua

JUNE 14, 2023

The technology workstream identifies potential integration challenges and develops strategies to overcome them, selecting the procurement application best aligned with the organization’s needs and long-term goals. You can connect with Vishal on Linkedin You May Also Like Source to Pay (S2P) What is Source to Pay Best Practice?

Optimal Sourcing 239

Optimal Sourcing Sourcing Strategies Procurement Resource Reduction 239

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

Unleashed

MAY 15, 2023

Wholesalers and manufacturers need effective B2B strategies to sustain business growth and beat the competition. From targeted email campaigns to inventory management integrations, we’ll outline how you can develop strong B2B CRM strategies to improve business performance and achieve predictable growth. What is a B2B CRM strategy?

Inventory Reduction 105

Inventory Reduction Sourcing Strategies Waste Reduction Manufacturing Procurement 105

Enterra Insights

JUNE 10, 2020

” Cecere’s remarks beg the question: What should your company’s supply chain strategy be going forward? With tightening budgets and a need to stay connected using technology, it is more important than ever for transportation and logistics companies to have an effective mobility strategy in place.”[2] ”[3].

Sourcing Strategies 130

Sourcing Strategies Price Reduction Resource Reduction Cost Reduction Strategies 130

EC Sourcing Group

NOVEMBER 3, 2021

EC Sourcing Group ranks as a ‘Value’ & ‘Customer’ Leader in Latest eSourcing Benchmarking Study. Spend Matters’ newly released Fall 2021 SolutionMap report names EC Sourcing Group a Customer & Value Leader across multiple organization types.

EC Sourcing 52

EC Sourcing Optimal Sourcing Sourcing Strategies Benchmarking 52

Jaggaer

JUNE 11, 2020

Before decisions are made, it is imperative that a thorough procurement spend analysis is conducted in order to identify exactly how money is being spent, what non-essential and maverick spending is taking place and where savings opportunities exist that do not impact operational performance. The Fundamentals of the Process.

Optimal Sourcing 52

Optimal Sourcing Analysis Sourcing Strategies Price Reduction 52

Supply Chain Shaman

DECEMBER 15, 2022

When reviewing strategy decks for supply chain teams, I often see statements like “move from a functional-silo’d focus to a drive a more holistic response.” If you answer the survey, I will gladly give you a custom analysis of your organization against the peer group. ” Sound familiar? Organizational Alignment.

Manufacturing Procurement 387

Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software Procurement Analytics 387

EC Sourcing Group

JANUARY 11, 2021

Within the procurement of goods, there are many processes as well, such as sourcing and the role of reverse auctions in strategic sourcing. However, there are many times where the reverse auction process is warranted and can play a significant role in your strategic sourcing strategy. What is our sourcing strategy?

Negotiating Skills 52

Negotiating Skills Manufacturing Procurement Sourcing Strategies Optimal Sourcing 52

Supply Chain Shaman

OCTOBER 16, 2023

Clear operating strategy and definition of supply chain excellence across plan, source, make and deliver. Instead, focus on Forecast Value Added analysis. There are many numbers in the forecast, the goal needs to be agreement on a common plan with the ability to drive ‘what-if analysis.’ Drives Value.

S&OP 321

S&OP Supply and Demand Forecasting Supply Chain Design Software 321

ShipBob

JANUARY 15, 2024

In this guide, we’ll explore the main causes of inventory glut, innovative strategies to tackle it, and how working with a 3PL can help reduce inventory risk. To properly manage it, businesses need to be proactive in implementing the right strategies and technologies. What is inventory glut? What causes inventory glut?

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Strategies Waste Reduction 52

QAD

JUNE 29, 2023

Here are five key strategies for designing quality from the start, along with the tools, steps and environment needed to make it happen. Those should include all aspects of the product’s life cycle, including dimensional characteristics, performance, durability, assembly, maintainability, serviceability, sustainability and sourcing.

Price Reduction 94

Price Reduction Sourcing Strategies Expense Reduction Resource Reduction 94

Supply Chain Shaman

FEBRUARY 26, 2024

A key element is the redefinition of demand planning from a “Ship-from” model where location is defined as the shipment origin to a “Ship-to” model to be able to use channel data in the forecast analysis along with the modeling of form & function of inventory.

Modeling 206

Modeling Supply and Demand Optimal Sourcing Supply Chain Planning Software 206

EC Sourcing Group

MARCH 9, 2021

Top 5 Ways to Optimize Your Procurement Strategy. Change when it comes to procurement, sourcing, and supply chain management makes people nervous. There are some key things you should be doing to ensure your procurement strategy is working as efficiently as it should. Optimize Your Procurement Strategy by Thinking Globally.

Optimal Sourcing 52

Optimal Sourcing Sourcing Strategies Vendor Strategies Cost Reduction Strategies 52

Unleashed

DECEMBER 15, 2019

It’s easy to oversimplify the differences between sourcing for parts locally or internationally. When considering where to purchase from, the prevailing idea seems to be that domestic sourcing allows for better control and shorter lead time, but international sourcing is more cost-effective. International Sourcing.

Manufacturing Procurement 83

Manufacturing Procurement Sourcing Strategies Purchasing Skills Optimal Sourcing 83

GlobalTranz

APRIL 20, 2021

A resilient supply chain incorporates alternative sources, carriers, routes, and other characteristics so that it can flex in response to a situation. Large companies with a supply chain risk strategy already in place couldn’t fully cope with the impact of the pandemic. Tips For Building Supply Chain Resiliency.

Supply Chain Planning Software 288

Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Design Software Sourcing Strategies 288

Logility

JUNE 23, 2023

And next to impossible is creating plans in a timely manner when monitoring unrelated KPIs across multiple disconnected sources of data. Such steps include innovation and strategy review, demand review, supply review, financial integration, and executive business review. Supply chain organizations are no strangers to this frustration.

S&OP 199

S&OP Supply and Demand Supply Chain Planning Software Scenario Planning 199

Enterra Insights

MARCH 26, 2024

In this way, numerous strategies and tactics can be tested in a controlled environment. Strategies define the broad outlines of how a company can achieve its long-term goals. Both strategies and tactics are important in today’s complex business environment. Cognitive computing systems make context computable.

Analytics Software 130

Analytics Software Supply Chain Design Software Optimization Software Modeling Software 130

Precoro

JANUARY 29, 2024

A detailed analysis of the goods, services, or works required, including specifications and any specific demands. Market analysis. Contract Conditions Suppliers may adjust their pricing strategies in response to inflation. A typical procurement management plan includes: Identification of needs. Objectives and scope.

Procurement Solutions 98

Procurement Solutions Procurement Analytics Optimal Sourcing Supply Chain Planning Software 98

Supply Chain Game Changer

JUNE 17, 2020

Strategic National Stockpiles and Sourcing for the National Interest! This acute shortage and dependence has raised alarms and questions about remediation supply chain strategies for materials and finished products. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. What are Rare Earth Elements? About the Authors.

Manufacturing Procurement 71

Manufacturing Procurement Sourcing Strategies Sourcing Material Savings 71

ivalua

FEBRUARY 27, 2023

One way of doing this is by leveraging Source-to-Pay (S2P) solutions, which provide procurement with the tools needed to maximize the value they get from their supplier relationships, automate and streamline processes, and identify opportunities for cost savings. Manufacturers, take charge of your supply chain!

Manufacturing Procurement 130

Manufacturing Procurement Optimal Sourcing Procurement Solutions Purchasing Skills 130

Logistics Viewpoints

MARCH 25, 2021

Supply chain disruption has many sources: tariffs and trade disputes, natural disasters, pandemics, economic uncertainty and cybersecurity attacks. There won’t be a new normal, just new sources of disruption, from weather to government policies to industry conditions. Price fluctuations and sourcing issues.

Supply Chain Planning Software 309

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 309

Silvon Software

APRIL 18, 2023

Can we get the right resources needed to collect data for analysis before it’s too old? What’s really needed, though, is a cohesive measurement strategy that identifies goals, defines a portfolio of metrics to achieve them, and outlines an implementation plan to make it part of your ongoing business process.

Inventory Reduction 63

Inventory Reduction Sourcing Strategies Resource Reduction Material Savings 63

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

Unleashed

OCTOBER 4, 2023

Data collection and analysis: Gathering data throughout the fulfilment process provides valuable insights to identify areas for improvement, streamline operations, and make informed decisions. Order fulfilment strategies There are several order fulfilment strategies that you can implement in your business.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Resource Reduction Cost Reduction Strategies 52

USC Consulting Group

JANUARY 16, 2019

Marketplace pressures have forced procurement professionals to abandon traditional sourcing practices and implement more responsive strategies designed to promote organizational efficiency, agility and flexibility for growth, not to mention cost reductions. This makes sense on the surface. Growth outpaces gain.

Optimal Sourcing 49

Optimal Sourcing Negotiating Skills Sourcing Strategies Material Savings 49

The Logistics of Logistics

OCTOBER 12, 2022

Anthony transitioned to a Corporate Economist & Consultant, advising CXO leaders and Fortune 500 companies on economic analysis, industry trends, and internal strategy. He led analysis around M&A, pricing sensitivity, competitive intelligence, and annual sales forecast for the executive team.

Analytics Software 182

Analytics Software Forecasting Software Logistics Network Optimization Software Supply Chain Software 182

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. Different sources of data for demand planning: Enterprise Resource Planning (ERP). CRM is a business process that manages interactions with customers using data analysis.

Supply and Demand 52

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

Logistics Viewpoints

APRIL 10, 2024

For example, a redundant supply chain may have safety stocks, contingency contracts, multiple sourcing, and diversified networks to ensure the availability and continuity of supply. 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

RFgen

FEBRUARY 15, 2023

Strategy is a critical aspect of supply chain management. By managing processes like planning, sourcing, production, and delivery, companies can reduce costs, safeguard against undue risk, and pivot quickly when faced with the unexpected. Creating a new supply chain strategy can be complicated, if not daunting. Don’t worry.

Vendor Strategies 52

Vendor Strategies Inventory Reduction Cost Reduction Strategies Waste Reduction 52

Talking Logistics

FEBRUARY 18, 2016

However, if your role is managing the movement of widgets from point A to point B, or multiple points, the freight procurement task before you can be labor intensive and time consuming — unless you use a technology solution specifically designed for transportation sourcing. Freight is unique. Relationships matter.

Manufacturing Procurement 100

Manufacturing Procurement Procurement Solutions Purchasing Skills Sourcing Strategies 100

RFgen

MAY 26, 2023

To stay ahead in today’s highly competitive market, organizations must adopt smart strategies for avoiding inventory stockouts and overstocking. In this article, we’ll dive into proven strategies to help you maintain the perfect inventory balance and keep your customers coming back for more. Got Inventory Problems?

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Material Savings Cost Reduction Strategies 52