Proxima

SEPTEMBER 12, 2023

And what for procurement teams? Procurement will need to understand all the ways that AI could transform how attorneys manage their work and what challenges AI could create for legal suppliers that need to be considered. AI use in internal workflows could lessen the time crafting legal documents by a big margin. Reducing risk.

Procurement 59

Procurement Predictive Analytics Software Supply Chain Planning Software Modeling Software 59

GlobalTranz

NOVEMBER 29, 2016

Editor's Note: Today's blog is the second part of Chuck Intrieri's series on how procurement and suppliers can avoid issues with their contracts. Procurement and suppliers often assume that small print is highly complicated legal jargon that is both boring and largely irrelevant. How to Begin Your Terms.

Procurement Analytics 120

Procurement Analytics Manufacturing Procurement Procurement How To 120

ivalua

AUGUST 29, 2019

Leading the charge in navigating this constantly shifting trading environment is the Procurement department. Procurement teams are becoming a more intrinsic part of business strategy, able to help organisations manage and predict supply chain risk, unlock innovation, create sustainable cost savings, and help grow revenue.

Optimal Sourcing 154

Optimal Sourcing Negotiating Skills Procurement Analytics Software 154

QAD

JANUARY 24, 2023

It is no secret that procurement executives are constantly seeking innovative ways to maximize efficiency and address unexpected supply disruptions. However, procurement is evolving into much more than the most cost effective option since the cheapest option often involves real world atrocities like child and forced labor.

Supply Chain Software 97

Supply Chain Software Manufacturing Procurement Optimal Sourcing Procurement 97

Precoro

APRIL 6, 2022

If you're reading this now, then you’ve probably noticed how outdated traditional procurement systems recede into the past and are replaced by new modern solutions.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? These services include: Software; Analytics; Networking; Data storage; Servers and more. Three Categories of Cloud Procurement.

Procurement Solutions 98

Procurement Solutions Procurement Analytics Modeling Software Analytics Software 98

GlobalTranz

FEBRUARY 27, 2018

Procurement must never be an afterthought in any enterprise. The answers to these questions lie in understanding a few of the top industrial procurement trends to expect in 2018. Companies Will Seek New Ways to Use Technology in Procurement. The global supply chain creates many challenges and opportunities in procurement.

Manufacturing Procurement 166

Manufacturing Procurement Optimal Sourcing Supply Chain Planning Software Supply Chain Software 166

Supply Chain View from the Field

NOVEMBER 6, 2015

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

Synovos

FEBRUARY 21, 2023

Improve Operational Efficiency and Eliminate Internal Complexity Through Digital Procurement From better spend visibility to reduced order times and more, can your organization afford to miss out on the benefits of digital procurement? “Any good procurement team needs access to reliable data.”

Optimal Sourcing 52

Optimal Sourcing Sourcing Strategies Procurement Analytics Cost Reduction Strategies 52

Supply Chain View from the Field

AUGUST 4, 2014

Often this is documented into a supplier scorecards, and over the procure to pay cycle, invoices and payments occur, which are folded into the on-going spend analysis. When this is multiplied over millions of vendors across multiple languages, the challenges of tracking and managing spend analytics becomes evident.

Sourcing 76

Sourcing Analytics Procurement Supply Chain Design 76

The Logistics of Logistics

DECEMBER 6, 2023

Bad data and inefficient workflows create friction that limits working capital and raises costs for every supply chain stakeholder.Loop’s modern audit and pay platform uses our domain-driven AI to harness the complexity of supply chain data and documentation. That is why industry leaders like J.P.

Logistics Network Optimization Software 222

Logistics Network Optimization Software Logistics Analytics Software Gartner 222

EC Sourcing Group

OCTOBER 5, 2021

How to Streamline Your Procurement Process from Weeks to Hours. When contract management and procurement software first arrived on the scene, overnight it became an easy way to streamline the procurement process. Businesses didn’t have to rely on excel, emails, conversations, and word documents as much as they did in the past.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 52

EC Sourcing Group

JULY 28, 2020

Objectives of Procurement Management. The objectives of procurement management can range from the most general, such as “buying goods and services,” to the more complex, such as “supporting organizational goals within the team.” What Is Procurement Management? Objectives of Procurement Management: Managing Contracts.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 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

Precoro

NOVEMBER 7, 2022

In order to run a successful business, you need a dedicated procurement team to obtain these essential goods and services, ensure timely delivery, and nurture good relationships with your vendors. Paying for offices, utilities, technology subscriptions, and cleaning services is also part of the procurement team's responsibility.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Solutions Optimal Sourcing Procurement Analytics 52

EC Sourcing Group

DECEMBER 29, 2020

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. Every procurement and purchasing department is different, and thus, everyone has a different set of needs and standards. Run analytics.

Procurement Solutions 52

Procurement Solutions Inventory Management Software Analytics Software Modeling Software 52

Supply Chain View from the Field

AUGUST 24, 2015

John Deere (2) – Life Cycle Cost Benchmarking – The team will benchmark industry leaders to document and define best practices for measuring direct material cost over the lifecycle of a product. The team will benchmark industry leaders to document and define best practices for measuring total acquisition cost. .

Procurement Analytics 60

Procurement Analytics Analytics Software Analytics Manufacturing Procurement 60

Supply Chain Shaman

MARCH 12, 2019

The IT taxonomy for visibility is supply chain analytics. As you implement supply chain analytics and use control theory with well-defined reference data with clear bands for control, process improvement ensues. The team was seeking analytics to monitor process compliance. Advancement in analytics improves outcomes.

Prescriptive Analytics Software 173

Prescriptive Analytics Software Manufacturing Procurement Procurement Analytics Analytics Software 173

EC Sourcing Group

NOVEMBER 17, 2020

When you’re trying to control the entire procurement process within the supply chain, you want to make sure that you have the best software for your needs at your side so that everyone—you, vendors, and suppliers, are getting their needs met within the supply chain. Procure-to-pay operations. Spend analytics. Automated tools.

Procurement Solutions 52

Procurement Solutions Supply Chain Software Supply Chain Planning Software Forecasting Software 52

QAD

JULY 13, 2023

With integrated modules encompassing inventory management, production planning, procurement, quality control, and more, manufacturers can gain real-time visibility into their operations, enabling better decision-making. Cloud systems also facilitate efficient documentation management, reducing the risk of errors and ensuring audit-readiness.

Manufacturing Procurement 88

Manufacturing Procurement Optimal Sourcing Analytics Software Supply Chain Planning Software 88

Supply Chain View from the Field

DECEMBER 16, 2013

I’ve had the good fortune to be presented with opportunities for compelling discussions with a significant group of leading thinkers, senior executives in procurement, logistics, and technology management over this past year. Not surprisingly, analytics is at the top of the list.

Predictive Analytics 117

Predictive Analytics Analytics Software Procurement Analytics Supply Chain Design Software 117

Supply Chain Game Changer

AUGUST 5, 2021

In 2021, procurement organizations will require inspirational, innovative, and pragmatic leaders to ensure procurement excellence. Ounces | Sustainable Procurement Initiatives. Supplier management should always be anchored in broader sustainability & responsible procurement initiatives. 4 tsp | Supplier Segmentation.

Supplier Management 98

Supplier Management Optimal Sourcing Sourcing Strategies Vendor Strategies 98

Logility

JULY 14, 2022

Supply & Demand Chain Executive is the only supply chain publication covering the entire global supply chain, focusing on trucking, warehousing, packaging, procurement, risk management, professional development and more. s current Form 10-K and other reports and documents subsequently filed with the SEC. and L.I.N.K.

Logility 173

Logility Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software 173

EC Sourcing Group

AUGUST 16, 2022

Unethical Sourcing Practices in Procurement and How to Avoid Them. In procurement, unethical practices can be hard to spot. It’s critical to understand what makes up ethical vs. unethical practices within your procurement function. Unethical Procurement Practices : Examples of Unethical Behavior.

Sourcing 40

Sourcing Procurement Negotiate Pricing How To 40

Supply Chain View from the Field

DECEMBER 23, 2014

Moreover, spend management provides insights and clarity into these questions and yields an important planning document for senior executives in operations, supply management, and financial management. Despite the importance of this capability, many enterprise systems struggle to develop a comprehensive and accurate spend analysis report.

Negotiating Skills 135

Negotiating Skills Purchasing Skills Procurement Analytics Analytics Software 135

Precoro

DECEMBER 11, 2023

As part of the larger procurement process, sourcing involves finding and evaluating suppliers for goods or services that need to be purchased. Strategic sourcing involves the meticulous evaluation of suppliers and the overall procurement process to extract maximum value from both. Target cost. Create a purchasing process.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

Precoro

APRIL 18, 2023

Shipping Rates Delivery cost makes up a significant part of a company’s procurement expenses, so visibility is essential for taming the spending. Documents With every step, transactions should be documented ; this means creating a purchase order , a bill of lading, a receipt, a customer's order, and others.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Real-time Visibility Supply Chain Software 98

EC Sourcing Group

NOVEMBER 1, 2022

Having the right RFP solutions for manufacturing can streamline your overall sourcing and procurement processes, keeping a stable supply chain. Read on to learn more about RFP solutions for manufacturing , what RFP software is , and what the best RFP management software is that has tools to fulfill your procurement needs. .

Manufacturing Procurement 52

Manufacturing Procurement Procurement Solutions Analytics Software Supply Chain Software 52

The Logistics & Supply Chain Management Society

APRIL 26, 2022

Tender documents and responsible source guidance are requiring suppliers to show evidence of their actions to support ESG initiatives, as well as the actions of their suppliers. A procurement professional I recently spoke to said “it’s coming at us thick and fast, so we’ve got to be ready for it.”

Supply Chain Design Software 264

Supply Chain Design Software Supply Chain Software Supply Chain Planning Software Sustainability 264

Supply Chain View from the Field

OCTOBER 3, 2013

We recently had a senior data analytics professional from a large financial services organization speak in my MBA Supply Chain relationships class. This individual was quick to point out that to “do analytics”, you need to have a solid dataset to work with.

Procurement Analytics 60

Procurement Analytics Analytics Purchasing Skills Data 60

Precoro

JANUARY 30, 2023

The need to manually create, store, manage, and analyze the ever-growing purchase orders and all associated documents can be pretty cumbersome. Some solutions can also help you securely manage documents associated with POs. Multi-level approval workflow for POs and preferably related documents as well.

Procurement Solutions 52

Procurement Solutions Inventory Management Software Supply Chain Planning Software Supply Chain Software 52

Logility

OCTOBER 6, 2021

For fashion companies, for example, supply chain traceability solutions document the chain of custody of your goods and inputs from the cotton source to the importer of record. Transaction Documentation. Traceability also makes it possible to collect and share documents related to each transaction. Financial Planning.

Optimal Sourcing 130

Optimal Sourcing Network Optimization Vendor Strategies Supply Chain Optimization 130

The Logistics & Supply Chain Management Society

AUGUST 20, 2020

Procurement. Procurement can also have RPA do dynamic searches of websites to source or conduct market research for future buys and tenders. Today many companies spend countless hours reviewing contracts to track and review amendments to original documents. Contract Review.

Supply Chain Software 246

Supply Chain Software Supply Chain Planning Software Optimal Sourcing Agile and Lean Supply Chain 246

Supply Chain Game Changer

NOVEMBER 3, 2022

This tool allows you to exchange electronic documents like orders, invoices, and shipping notices via an electronic data network (EDN). Procurement Management. Since procurement can be time-consuming, many companies hire IT experts to create apps or platforms that can make the process easier for the staff.

Supply Chain Planning Software 115

Supply Chain Planning Software Supply Chain Software Negotiate Pricing Negotiating Skills 115

EC Sourcing Group

APRIL 26, 2022

The eTendering process is an integral part of procurement and the overall supply chain. eTendering, also known as eSourcing , is simply the act of conducting procurement online—namely, receiving and sending tenders using an online platform, like tender process software. We want you to reimagine the way you think about procurement.

Optimal Sourcing 52

Optimal Sourcing Material Savings Cost Reduction Strategies Procurement Solutions 52

The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Breaking Boundaries: Exploring Generative AI’s Impact on Supply Chains Supply chains encompass many interconnected activities, from procurement, production, and inventory management, to logistics and distribution. These activities involve numerous stakeholders, such as suppliers, manufacturers, distributors, and retailers.

Optimal Sourcing 244

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Modeling 244

EC Sourcing Group

DECEMBER 28, 2021

Underneath the umbrella of supply chain management are procurement and the sourcing of goods and materials. Features of eSourcing Software: Spend Analytics. Spend management tools that are in your procurement or sourcing suite can help you make informed decisions. Features of eSourcing Software: Document Management.

Analytics Software 52

Analytics Software Optimization Software Supply Chain Software Optimal Sourcing 52

EC Sourcing Group

DECEMBER 28, 2021

Underneath the umbrella of supply chain management are procurement and the sourcing of goods and materials. Features of eSourcing Software: Spend Analytics. Spend management tools that are in your procurement or sourcing suite can help you make informed decisions. Features of eSourcing Software: Document Management.

Analytics Software 52

Analytics Software Optimization Software Supply Chain Software Optimal Sourcing 52