Procurement Software and Solutions

EC Sourcing Group

The process of procurement has significantly advanced in recent decades, mainly due to the internet and cloud-based applications that can help streamline the process. The early days of eProcurement software were still intricate, with much dependence on spreadsheets to try to organize data.

Procurement Software and Solutions

EC Sourcing Group

The process of procurement has significantly advanced in recent decades, mainly due to the internet and cloud-based applications that can help streamline the process. The early days of eProcurement software were still intricate, with much dependence on spreadsheets to try to organize data.

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How Do We Stop Buying Planning Software the Wrong Way?

Supply Chain Shaman

The Process of Software Selection. I am constantly amazed that business leaders can engage with technologists month after month (often over eight and sometimes over a year) to select a supply chain planning system and then call me to ask for help on the decision.

Platform or a Collection of Tools: Which One Do You Prefer for your Digital Transformation Efforts?

Solvoyo

The blender and the oven comprise a collection of tools that includes exchangeable tips and settings that can be used for different cooking endeavors. The difference between a Platform and a collection of Tools is the great recipe book and the right oven settings in our cookie analogy.

What to Look for in Procurement Software Solutions

EC Sourcing Group

Procurement software covers a lot of bases, and there are many facets to procurement management that could potentially be streamlined and automated if you haven’t done so already. Procurement Software Solutions: What Is Procurement Software?

5 Reasons why eAuctions Drive Better Savings

SCMDOJO

eAuctions are online real-time dynamic discussions between one purchasing organization and a group of pre-qualified vendors competing for the purchaser’s trade. Procurement price reductions can have a major influence on a business bottom line.

Predictive Analytics becoming a Mainstream Business Tool

Enterra Insights

Predictive analytics is a topic you are likely to hear a lot more about in the years ahead. Predictive analytics … Continued. The post Predictive Analytics becoming a Mainstream Business Tool appeared first on Enterra Solutions. Best Practices Big Data Business digital enterprise Digital Path to Purchase Supply Chain Technology

Delivering efficiency and performance with digital procurement software

Eyvo

Managing procurement processes and supply chains can be strenuous for many organizations. Resilient supply chains and efficient eProcurement software are what make the recent trends in procurement complete. Why choosing the right digital procurement software is crucial?

Descriptive, Predictive and Prescriptive Analytics Explained

Logility

Here’s your two-minute guide to understanding and selecting the right descriptive, predictive and prescriptive analytics for use across your supply chain. Looking at all the analytic options can be a daunting task. Descriptive Analytics : Insight into the past. Analytics

Procurement in a high inflation environment?

Procurement Academy

During the 1970’s oil crisis and the rampant inflation that followed, skilled procurement professionals were in demand more than ever before. Typically, procurement is expected to deliver year-on-year savings. But when inflation pushes costs up, life gets tough for procurement teams.

How To Implement Predictive Analytics Into Your Company

Logility

Chances are, if you’re in marketing, sales, or one of the more technical aspects of business, you’ve used predictive analytics in some part of your job. But your company doesn’t have to be a retail giant to use predictive analytics. using predictive analytics?built Analytics

Procurement in a high inflation environment?

Procurement Academy

During the 1970’s oil crisis and the rampant inflation that followed, skilled procurement professionals were in demand more than ever before. Typically, procurement is expected to deliver year-on-year savings. But when inflation pushes costs up, life gets tough for procurement teams.

Logistics Software: How to Make Handling Peak Times Easy

Logistics Viewpoints

The hype usually revolves around just one item and can easily be managed by a modern logistics system. The warehouse technologies for manual, semi- or fully automatic solutions are perfectly balanced, and all processes run smoothly. Her focus has always been on software and IT.

Consumers Are in Charge of the Digital Path to Purchase

Enterra Insights

Although retailers still talk about the digital path to purchase as an alternative to the traditional shopping journey, the lines between paths to purchase have blurred. … Purchasing goods and services for them is much easier via their smartphones.

The Risk of Venture Capital Takeover of Supply Chain Software Providers–Anaplan A New Victim

Supply Chain Shaman

A dark cloud is laying heavy over the supply chain management technology market. It is the buying of software companies to profit from maintenance or service revenues paid by manufacturers and retailers to their established software partners. Venture capitalists invest in the software industry to make money for their shareholders (financial markets). As a result, the commitments to business leaders–customers of the software company– become cannon fodder.

Top 4 Considerations for Supplier Management Software Solutions

EC Sourcing Group

Effectively managing your suppliers is an integral part of the procurement process (and important to the entire supply chain as well). Without goods and services, nothing can be produced, which would make procurement impossible. Supply Chain Management Cloud Software: Risk Minimization.

Are you still spending time and money to run a lengthy RFI/RFQ/RFP process for a SaaS platform purchase?

Solvoyo

Companies tend to engage in request for information (RFI), request for quote (RFQ) and request for proposal (RFP) processes to make sure they end up choosing the right software that meets their business and IT requirements. Business Operations General for information request RFI RFP RFQ SaaS

28 Procurement KPIs That Optimize Supplier & Buyer Performance

Silvon Software

The past few years have created a lasting impact on the way business is conducted, driving many companies to analytics to gain the visibility they need to control and optimize key processes. The Basics of Procurement KPIs. Buyer / Procurement Department KPI s.

Best in Breed vs. Suite Solution: Which Is the Right eSourcing Platform for You?

EC Sourcing Group

Not all procurement and eSourcing software are created the same—perhaps your current solution lives up to expectations in some areas but the eSourcing module isn’t quite what you need. Dig Into the Software. eSourcing Software: Best in Breed Overview.

Procurement in a high inflation environment

Skill Dynamics

During the 1970’s oil crisis and the rampant inflation that followed, skilled procurement professionals were in demand more than ever before. Typically, procurement is expected to deliver year-on-year savings. But when inflation pushes costs up, life gets tough for procurement teams.

The 10 Most Important Food Industry Software Features

Unleashed

ERP software for the food industry comes in a range of shapes and sizes, but what should you look for when you’re thinking about using it for your business? Read more: The food manufacturing software your business needs 1. This is where inventory control software comes into play.

Cognitive Technologies are Enhancing Customer Service

Enterra Insights

Cognitive Technologies and Customer Service. Haas and his colleagues explain, “For many companies, helping consumers make purchase decisions by delivering relevant content throughout the buying cycle is a top priority. Consumers can be a fickle bunch.

KPIs That Purchasing Executives Need

Silvon Software

There are many valuable metrics that can help you better assess your company’s performance at the sourcing / procurement level. Purchases that are incorporated in an organization’s products represent direct spend. Direct spend is a key area of performance to consistently measure because Procurement professionals must understand the impact of their sourcing decisions on both product quality and availability to customers. Intelligent Analytics

What Does Augmented Analytics Mean for Procurement?

Jaggaer

But bear with us because it is not really the words that matter, but the thinking and the technology behind the words. And most importantly, what augmented analytics can do for you. Read up on How Augmented Analytics Will Transform Your Organization: A Gartner Trend Insight Report.

Get the Procurement Analytics Advantage with SAP S/4HANA

Bristlecone

Did you know that advanced analytics, when used in lieu of traditional statistical models, can help procurement departments increase cost efficiency by 3-8%? [1]. Procurement leaders are increasingly turning to SAP S/4HANA as their solution of choice.

Cloud Procurement: All You Need to Know

Precoro

If you're reading this now, then you’ve probably noticed how outdated traditional procurement systems recede into the past and are replaced by new modern solutions. What is Cloud Procurement? Three Categories of Cloud Procurement. Platform-as-a-Service (PaaS).

MANAGING RISK IN PROCUREMENT EFFECTIVELY

Eyvo

How to effectively manage risk in procurement? Risk management in procurement. However, in procurement, the last thing you want is a risk. That’s why managing risk in procurement is essential. Manual handling of procurement processes. E-Procurement Software

Supply Chain Optimization Software – A Comprehensive Guide for Manufacturers

ThroughPut

Supply chain optimization involves finding the critical optimal solutions that can generate the most productive and lucrative organizational performance while including all possible operational constraints and bottlenecks in the process. The role of technology in supply chain optimization.

ToolsGroup Partners with Planalytics to Bring Weather-Driven Analytics to Retail Planning

ToolsGroup

ToolsGroup’s retail causal engine allows customers to take Planalytics’ WDD models and subscribe to weather impact analytics across products, categories, stores, and regions, with their metrics quantifying both historic and projected weather-based changes in demand.

Empower Better Sourcing Decisions with a Digital Supply Chain Platform  

Logility

Here’s how a digital supply chain platform can help. Smart company leaders know the risks of poor decisions, that a strategic investment in a digital supply chain platform keeps them on the sustainability track, and that ESG is essential to business value today.

Optimize Your Tail Spend with Analytics

EC Sourcing Group

Tail spend examples include purchases that are often too small to go through procurement, such as basic office supplies or employee gifts. Because purchases are small, they usually fall through the cracks, making it tough to gauge your overall spend.

The Importance of Using Supply Chain Management Software in Procurement

EC Sourcing Group

The importance of using supply chain management software is notable because of the importance of the supply chain itself. Read on to learn more about types of supply chain management software and how to pick the best type for your company’s needs. . Automated tools.

Supply Chain Optimization Software – A Comprehensive Guide for Manufacturers

ThroughPut

Supply chain optimization involves finding the critical optimal solutions that can generate the most productive and lucrative organizational performance while including all possible operational constraints and bottlenecks in the process. The role of technology in supply chain optimization.

Reimagining How You Purchase Transportation

CH Robinson Transportfolio

Companies want and expect innovation from their 3PLs, and as one of the world’s largest logistics platforms we’re focused on continuing to deliver new and innovative technology built by and for supply chain experts.

Where to Start if You’re New to Procurement Sourcing Solutions

EC Sourcing Group

Where to Start if You’re New to Procurement Sourcing Solutions. There are many people who are not new to procurement and sourcing and its role in the supply chain but may be new to sourcing solutions and software. Analytics. Reporting and analytics.

SIG Webinar on Procurement Analytics and Innovative Data Leveraging

Supply Chain View from the Field

The webinar will also include Howard Richman, a colleague I have known for many years, first at Merck, and now working at Citrix as their Chief Procurement Officer. Also joining us will be Michael O’Leary, Director of Procurement Solutions at IBM. I emphasied to Alex that I had seen a similar trend – that purchasing executives seek to drive procurement value transformation, many find themselves struggling to make progress in these three areas of change.

The expanding scope of procurement analytics: Some initial thoughts

NC State SCRC

Procurement analytics, which supports decision making in procurement management, typically handles problems and decisions that are related to cost reduction, supplier management, cost modeling, procurement-led innovation, market strategies, supply chain risk, and stakeholder value improvement (Handfield, Jeong, and Choi 2019). While this role of procurement analytics improves the efficiency of internal operations (e.g.,

Market Beat. Four Thumbs Down and One Thumb Up.

Supply Chain Shaman

While the supply chain technology market lost its allure at the start of the last decade, it is now cool again. Leaders are starting to experiment with new technology approaches giving rise to new spending and interest by Venture Capitalists. Kinaxis Purchase of Rubikloud.

American Software Reports Second Quarter of Fiscal Year 2022 Results

Logility

ATLANTA (November 18, 2021) American Software, Inc. million for the same period last year and software license revenues were up slightly to $0.8 million for the same period last year, while Software license revenues were $1.3 Company and Technology. AMERICAN SOFTWARE, INC.

Technologies that Impact Procurement

Claritum

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. This article summarises, as a table, technology areas that impact on Procurement that you might need to investigate. 2 Technologies and Procurement Table. TECHNOLOGY. Analytics.