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 110

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Supply Chain Design Software 110

Freightos

APRIL 27, 2023

In this article, Eytan Buchman, Freightos’ CMO, discusses the importance of data and context in global freight and logistics. The future of global freight data lies in real-time information, contextual insights, and aggregated data that can help companies make better decisions and adapt to a rapidly changing industry.

Freight 156

Freight Data Prescriptive Analytics Software Negotiating Skills 156

ivalua

NOVEMBER 14, 2019

Gartner predicts that by 2023, organizations that don’t optimize supplier master data management (MDM) could have wrong information for half of their suppliers! Accurate supplier master data (SMD) is essential for procure-to-pay (P2P) automation, accuracy and analytics, but connecting data to users and systems sometimes gets bumpy.

Optimal Sourcing 113

Optimal Sourcing Optimization Software Modeling Optimization Modeling 113

Jaggaer

MARCH 18, 2020

“Big Data” is everywhere. The value of quality data has never been higher, and the power to process that data is more readily available than ever. To better understand the impact of big data analytics on procurement, we turned to industry veteran Walt Charles, CPO at Allergan, who sees big data as a major disruptor.

Big Data 59

Big Data Analytics Software Optimal Sourcing Sourcing Strategies 59

Logistics Viewpoints

FEBRUARY 14, 2024

Sourcing and procurement comes in close second at 88 percent, followed by innovation at 87 percent. Sourcing and Procurement In sourcing and procurement, the top focus area for 2024 continues to be supplier/vendor relationship management (SRM). Supply chain visibility emerged as a close second for 2024.

Supply Chain Planning Software 246

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Scenario Planning 246

Logistics Viewpoints

APRIL 1, 2021

In a previous post , I made a case for how the Chief Supply Chain Officer (CSCO) and Chief Procurement Officer (CPO) are smarter together. Accordingly Supply Chain and Procurement will need continuous collaboration. Such sourcing events can be in the context of direct materials or logistics capacity.

Optimal Sourcing 188

Optimal Sourcing Manufacturing Procurement Procurement Analytics Procurement Solutions 188

SYSPRO Smarter ERP

AUGUST 2, 2023

To contend with these pressures, medical device manufacturers crave actionable, real-time, accurate, and reliable data throughout the entire supply chain. Acquiring and consolidating data can be a formidable task, however, especially when data is scattered across different systems and formats.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Analytics Analytics Software Optimal Sourcing 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

EC Sourcing Group

JULY 13, 2021

How to Optimize Your Procurement Sourcing Systems. Finding the right tools and measures to optimize your procurement sourcing systems is a must. While optimization does rely heavily on procurement sourcing software , there are other ways to optimize the procurement management process.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Analytics Software Supply Chain Network Software 52

RFgen

MAY 16, 2023

That’s why most inventory handlers leverage data. The role of data analytics in optimizing inventory management processes has become increasingly important. Analytics help organizations make smarter decisions, reduce costs, and improve customer satisfaction. But your analytics is only as good as the underlying data.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Inventory Management Software Sourcing Strategies Analytics Software 52

ivalua

MAY 9, 2023

Ivalua Spend Management Insights [ivory-search] Procurement in the Age of Uncertainty: 4 Lessons from the New Forrester Study May 9, 2023 | | Innovation by Alex Saric In today’s age of uncertainty, procurement departments are under tremendous pressure. Fortunately, the report shows that procurement is putting actions behind words.

Optimal Sourcing 130

Optimal Sourcing Study Procurement Supply Chain Planning Software 130

EC Sourcing Group

AUGUST 31, 2021

Top 5 Sourcing and Procurement Techniques. With sourcing and procurement , a solid strategy is essential to ensure that your ROI is strong, your relationships with your suppliers are doing well, and that your team appropriately supports your stakeholders and company’s overall goals andobjectives. .

Optimal Sourcing 52

Optimal Sourcing Sourcing Strategies Sourcing Procurement 52

LevaData

APRIL 26, 2022

It's difficult to source and buy direct materials at scale. And would real-time marketplace pricing provide more negotiating power than depending on backward-looking "should-cost" data when negotiating with suppliers? The availability of digital data has exploded in recent years. The Challenges Businesses Face. What Can Be Done.

Purchasing Skills 52

Purchasing Skills Manufacturing Procurement Negotiating Skills Negotiate Pricing 52

Supply Chain Shaman

MAY 26, 2023

In these conventional IT approaches, data is written and coded with fixed semantics into rows and columns. I term this our data jail. Primed for transactional efficiency, these legacy architectures based on relational databases drive order-to-cash and procure-to-pay efficiencies. As a result, data query is fast.

Optimal Sourcing 337

Optimal Sourcing Modeling Supply and Demand Manufacturing Procurement 337

QAD

JUNE 29, 2021

In their list of common nightmare scenarios to try to prepare for, few procurement leaders could have predicted the business disruptions of 2020. Brent discusses how now is the time for enterprises to redouble their efforts to upgrade their operations with digital technologies and innovations that improve sourcing and supplier management.

Optimal Sourcing 94

Optimal Sourcing Manufacturing Procurement Sourcing Strategies Prescriptive Analytics Software 94

EC Sourcing Group

JULY 20, 2023

The energy sector faces several unique procurement challenges, such as complex supply chains, volatile commodity prices, strict regulatory requirements, and the need for sustainable and socially responsible sourcing. Supplier Performance Management : Maintaining effective relationships with suppliers is crucial in this sector.

Optimal Sourcing 52

Optimal Sourcing Analytics Software Optimization Software Forecasting Software 52

EC Sourcing Group

JUNE 8, 2021

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. Procurement Sourcing Solutions : What Is Procurement Management?

Optimal Sourcing 52

Optimal Sourcing Procurement Solutions Procurement Analytics Sourcing Strategies 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

Logistics Viewpoints

AUGUST 15, 2022

GEP and the North Carolina State University (NCSU) Supply Chain Resource Cooperative surveyed supply chain, procurement and IT professionals across a range of industries to gain insight into their priorities and strategies regarding supply chain resilience and optimization. Alex Zhong, Director Product Marketing at GEP.

Supply Chain Network Software 218

Supply Chain Network Software Manufacturing Procurement Procurement Analytics Optimal Sourcing 218

Unleashed

JANUARY 8, 2024

Procurement management directly impacts your bottom line, making it a critical component of running a profitable product-based business. In this article, we look at the different stages of procurement management. We’ll also explore project procurement management and the relationship between procurement and supply chain management.

Procurement Solutions 52

Procurement Solutions Pricing Training Negotiating Skills Purchasing Skills 52

QAD

OCTOBER 4, 2023

What is Supply Chain Analytics and Why is it Important? Supply chain analytics allows businesses to examine their operations and view data in real-time. What is Supply Chain Analytics? Supply chain analytics makes it possible for businesses to collect data, analyze that data, and make informed decisions.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Supply Chain Design Software 52

ivalua

FEBRUARY 4, 2020

North Carolina State Poole College of Management recently produced this 28 page report entitled “ 2019 Supply Chain Data Quality and Governance Study ”. The report contains some great illustrations of the current state of Data governance across the organizations that were surveyed, with a specific focus on the supply chain.

Data 130

Data Analytics Software Optimal Sourcing Supply Chain Software 130

ThroughPut

FEBRUARY 2, 2024

is advanced supply chain analytics. Advanced supply chain analytics is turning the current uncertainty into strategic foresight. This technology sifts through complex data to forecast potential disruptions and market trends, allowing companies to plan ahead instead of reacting in the moment.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Predictive Analytics 52

ModusLink Corporation

SEPTEMBER 1, 2023

Procurement experts face transportation costs, customer demands, and high pressure on global container and air freight rates. But what does that mean for future strategies in procurement ? Let’s rethink everything to figure out what it might be for the future of procurement in light of it all.

Optimal Sourcing 78

Optimal Sourcing Supply Chain Software Supply Chain Planning Software Manufacturing Procurement 78

Precoro

OCTOBER 24, 2022

Procurement is a complex and dynamic process involving strategic planning and several stages of execution, from sourcing to paying and reporting. Supply chain management, purchase requisitions and orders, budget management, and three-way matching – all these processes are integral to procurement as a whole. Lack of Transparency.

Procurement Solutions 98

Procurement Solutions Procurement Analytics Analytics Software Sourcing Strategies 98

Supply Chain Shaman

APRIL 18, 2023

In the face of variability, this is two-to-six weeks too long to make allocation or procurement decisions. Order cycles–the requested time from order to delivery–decreased while supply cycles –the time to procure materials– increased. To side-step this issue, build planning processes to use market data.

Supply Chain Planning Software 374

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 374

Supply Chain View from the Field

AUGUST 4, 2014

Direct conversations through on-site engagement with different lines of business is the most direct and effective means of understanding how sourcing processes are occurring today, as well as understanding how the sourcing need evolves and is expressed to suppliers. Procure to Pay Strategic Sourcing Supply chain analytics'

Sourcing 76

Sourcing Analytics Procurement Supply Chain Design 76

The Logistics of Logistics

OCTOBER 30, 2023

Richard is the CEO of LeanDNA , a purpose-built analytics platform for factory inventory optimization. About Richard Lebovitz Richard Lebovitz is the CEO of LeanDNA , a purpose-built analytics platform for factory inventory optimization. Richard Lebovitz and Joe Lynch discuss leading inventory attack teams. The Greenscreens.ai

Optimal Sourcing 241

Optimal Sourcing Inventory Reduction Supply Chain Design Software Manufacturing Procurement 241

The Logistics of Logistics

AUGUST 28, 2023

She brings almost 20 years of supply chain and benchmarking experience to DAT, where she is focused on providing actionable insights to shippers through DAT’s Benchmark Analytics and Rateview benchmarking tools. At DAT, she has been instrumental in growing the shipper practice.

Logistics Network Optimization Software 240

Logistics Network Optimization Software Analytics Software Supply Chain Planning Software Supply Chain Network Software 240

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 95

Negotiating Skills Optimal Sourcing Procurement Analytics Manufacturing Procurement 95

Supply Chain View from the Field

NOVEMBER 6, 2015

I will be leading a webinar with the Sourcing Interest Group next Nov. 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.

Procurement Analytics 60

Procurement Analytics Procurement Solutions Analytics Software Optimal Sourcing 60

ivalua

NOVEMBER 25, 2020

In August 2020 Gartner published this report “4 Tactics Procurement Can Use to Sustain Influence as Economic Conditions Improve” This blog summarizes the key points of the report which you can read in full, here. Procurement Teams Step-up. A Blueprint for Demonstrating the value of Strategic Procurement.

Optimal Sourcing 130

Optimal Sourcing Procurement Gartner Agile and Lean Supply Chain 130

LevaData

MAY 16, 2022

If so, which negotiation strategies—or alternative sourcing decisions—might reduce the gap? For procurement organizations, such questions are both troubling and difficult to answer. For procurement organizations, such questions are both troubling and difficult to answer. Pooling data at scale makes obvious good sense.

Purchasing Skills 80

Purchasing Skills Negotiate Pricing Negotiating Skills Price Reduction 80

EC Sourcing Group

JUNE 28, 2022

Tail spend examples include purchases that are often too small to go through procurement, such as basic office supplies or employee gifts. Tail spend in procurement is important, but is seldom discussed compared to other procurement and supply chain processes. Centralize Your Data and Internal Processes.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Analytics Software Optimization Software 52

SYSPRO Smarter ERP

JULY 3, 2023

It is estimated by McKinsey that 40% of the potential value that could be created from analytics comes using ML techniques, However, many business leaders are unsure where to apply ML to reap the greatest rewards. Product development When designing a new product or improving an existing one, extensive data analysis is required.

Manufacturing Procurement 98

Manufacturing Procurement Optimal Sourcing Manufacturing Data 98

GlobalTranz

NOVEMBER 30, 2021

Track Carrier Performance Data. Capturing carrier data gives you more visibility into your freight spend and enables you to make data-driven decisions that positively impact your business. Analytics provides visibility into your transportation network and operations. Harvard Business Review Analytic Services study?report

Optimal Sourcing 221

Optimal Sourcing Rail Software Transportation Sourcing Strategies 221

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