Precoro

MAY 19, 2023

The right metrics can shed light on how cost-effective a company’s processes are when it comes to the flow of goods, both at the inbound stages of procurement and outbound all the way to the customer. 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

Supply Chain Game Changer

APRIL 29, 2020

For the shipper, in particular, the use of freight cost benchmarking and market movement analytics will also be important to achieve additional insight and a better understanding of overall costs. Freight cost benchmarking in the market is an efficient method followed by many shippers. Use the right mode of shipment.

Negotiating Skills 69

Negotiating Skills Cost Reduction Strategies Optimal Sourcing Freight 69

NC State SCRC

AUGUST 6, 2016

Benchmarking Supply Management salaries : Understand what the ‘going rate’ is for key roles in Supply Management, so it can better develop its ‘employee value proposition’ to more effectively attract, develop and retain key staff. There is an opportunity to simplify and standardize the processes further through the documentation process.

Sourcing Strategies 40

Sourcing Strategies Modeling Resource Reduction Supply Chain Strategy 40

NC State SCRC

NOVEMBER 5, 2016

Contract management analytics are critical for tracking transactional compliance with contract pricing, terms and conditions, but also as a vehicle for workflow management around negotiation of contract renewals, and aggregation of supplier performance data on service level agreements, delivery, quality, and service performance.

Negotiating Skills 40

Negotiating Skills Analytics Software Supply Chain Planning Software Modeling Software 40

Intelligent Audit

AUGUST 25, 2022

Shipping technology allows companies to digitize their shipping invoices and related documents. In addition, companies can use cloud-based tools to communicate and share documents better throughout the organization. A freight spend analysis should cover procurement costs and utilize technology to collect transportation data.

Real-time Visibility 52

Real-time Visibility Transportation Management Supply Chain Planning Software Optimization Software 52

HICX Solutions

SEPTEMBER 23, 2020

There is a corresponding need for accurate supplier data for BI/Analytics. In our survey, 66% of procurement leaders agreed that data projects have stalled due to their relatively low priority when compared to other business initiatives. In spite of this, it is frequently not prioritized as highly as other data in the enterprise.

Cost Reduction Strategies 52

Cost Reduction Strategies Purchasing Skills Data Eliminating Excel in Purchasing 52

Logistics Viewpoints

JANUARY 23, 2024

Snowflake is a cloud computing–based data cloud company that offers a cloud-based data storage and analytics service, generally termed “data-as-a-service.” The analytics engine can show the retailer trendlines for orders and can be set up for individual scan tunnels or across the entire network.

Supply Chain Planning Software 209

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Modeling 209

Unleashed

MARCH 9, 2021

What is procurement? In simple terms business procurement is the process of locating and acquiring goods and services from external sources for the business to use. Procurement activities include planning, sourcing, and negotiation, along with risk management, legal and value analysis. Procurement in 2021 and beyond.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104

HICX Solutions

SEPTEMBER 23, 2020

There is a corresponding need for accurate supplier data for BI/Analytics. In our survey, 66% of procurement leaders agreed that data projects have stalled due to their relatively low priority when compared to other business initiatives. In spite of this, it is frequently not prioritized as highly as other data in the enterprise.

Cost Reduction Strategies 52

Cost Reduction Strategies Purchasing Skills Data Eliminating Excel in Purchasing 52

Precoro

FEBRUARY 27, 2023

After all, a clear picture of the company's procurement process is necessary to develop a sustainable future strategy and to avoid pitfalls that hold your business back. Spend analysis involves spend visibility , spending review , and procurement process improvement. The answer is simple: spend analysis.

Analysis 52

Analysis Purchasing Skills Optimal Sourcing Procurement Analytics 52

Supply Chain Shaman

AUGUST 21, 2016

I urged him to take his corporate strategy document and set up a meeting with each profit center manager. For most companies, greater economy of scale is possible through the global management of procurement and transportation and local management of sales, manufacturing and customer service. Customer-Centric Benchmarking.

S&OP 150

S&OP Supply and Demand Supply Chain Planning Software Price Reduction 150

6 River Systems

JUNE 29, 2020

Finally, leaders reduce disruption by building buffers throughout the supply network and invest in advanced analytics to improve planning and forecasting accuracy.” ” — Chadwick Stephens, 5 Ways to Improve Your Procurement Crisis Management , Procurement Pulse by NASPO; Twitter: @NASPOnews 30.

Supply Chain Planning Software 116

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Modeling 116

NC State SCRC

DECEMBER 22, 2017

Supplier driven innovation was also a major theme at the Procurement Leaders meeting in Miami this spring. These small companies are focusing on specific business issues, and attacking them using small teams of analytical experts, and piloting and re-piloting new projects with clients.

Predictive Analytics Software 72

Predictive Analytics Software Predictive Analytics Supply Chain Design Software Supply Chain Planning Software 72