NC State SCRC

JULY 5, 2019

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).

Procurement Analytics 40

Procurement Analytics Optimal Sourcing Analytics Software Procurement Solutions 40

EC Sourcing Group

NOVEMBER 16, 2021

Effectively managing your suppliers is an integral part of the procurement process (and important to the entire supply chain as well). Management doesn’t refer to suppliers being “under” you but instead refers to managing vendor transactions and cultivating good relationships with your third-party vendors or suppliers.

Procurement Solutions 52

Procurement Solutions Analytics Software Logistics Network Optimization Software Supply Chain Software 52

ivalua

FEBRUARY 8, 2023

Ivalua Blog [ivory-search] Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience February 8, 2023 | | Manufacturing by Doug Keeley In the face of an unprecedented global crisis, Procurement stepped up to become a crucial driving force for business continuity. Work to achieve 100% supply chain visibility.

Manufacturing Procurement 242

Manufacturing Procurement Supply Chain Planning Software Supply Chain Software Optimal Sourcing 242

Oracle SCM

MARCH 3, 2020

Procurement professionals are now playing an increasingly strategic role within their organizations. Procurement of raw materials and components that go into the manufacturing process is essential to ensure final product quality and strong financial performance. The new procurement professional needs a broad set of skills.

Manufacturing Procurement 78

Manufacturing Procurement Procurement Analytics Negotiating Skills Procurement Solutions 78

ivalua

MAY 30, 2023

Ivalua Spend Management Insights [ivory-search] 3 Powerful Ways Procurement will Drive the 2030 Saudi Vision Transformation May 30, 2023 | | Procurement Strategy by Sara Omer What is the Saudi Vision 2030 Program? Procurement and supply chain teams will play a crucial role in making this vision a reality.

Manufacturing Procurement 49

Manufacturing Procurement Procurement Solutions Resource Reduction Price Reduction 49

Supply Chain Movement

SEPTEMBER 14, 2016

51st Symposium Purchasing and Logistics. en/all-events/51st-symposium-purchasing-and-logistics/. This is why the 51 st Symposium will cover issues on the following topics: Purchasing 2030: thinking out of the box. The value contribution of purchasing: enhancing success. Benchmarking with purchasing and SCM peers.

Procurement Analytics 60

Procurement Analytics Procurement Solutions Purchasing Skills Agile and Lean Supply Chain 60

QAD

JULY 21, 2022

Common results of the bullwhip effect are excess inventory and associated cost increases, lost revenue, unnecessary capacity and a less-than-optimal customer experience. Price fluctuations and discounts resulting in increased purchases. Integrated Supplier Management. Causes of the Bullwhip Effect.

Price Reduction 94

Price Reduction Inventory Reduction Cost Reduction Strategies Optimal Sourcing 94

Precoro

APRIL 18, 2023

On the other hand, a software development company wouldn’t need to purchase raw materials but rather goods – such as hardware – and services, like software subscriptions. By keeping track of all supply chain components, responsible officers can access comprehensive information on any order from the supplier and any shipment to the customer.

Supply Chain Planning Software 98

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

Precoro

SEPTEMBER 22, 2022

When repeatedly ordering large amounts of the same goods from one supplier, managing purchase orders and adequately planning the expenditures becomes quite tricky. That's where blanket purchase agreements come in handy. What is a Blanket Purchase Agreement, and Why Use It? Setting Preferences. Click Save.

Pricing Training 52

Pricing Training Purchasing Training Purchasing Skills Procurement Analytics 52

EC Sourcing Group

JULY 5, 2022

The process of spend analysis has specific goals of efficiency and saving money by increasing visibility into spend, which can decrease overall procurement costs. is vital to procurement and the supply chain. They can help automate your process and streamline procurement and eSourcing. Some include: Licensed software.

Analysis 52

Analysis Analytics Software Supply Chain Design Software Supply Chain Planning Software 52

EC Sourcing Group

NOVEMBER 17, 2020

The importance of using supply chain management software is notable because of the importance of the supply chain itself. Supply chain management software can do quite a lot—part of the importance of supply chain management software is that it goes well above and beyond what procurement software can do. Spend analytics.

Procurement Solutions 52

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

QAD

JANUARY 27, 2021

Life science manufacturers need a r esource, quality and supplier management solution for the journey from pre-approval to IPO. Integrated supplier management: Real-time visibility of supplier performance. Effective Enterprise Management: Real-time analytics across the entire business.

Manufacturing Procurement 98

Manufacturing Procurement Sourcing Strategies Manufacturing Supply Chain Planning Software 98

ThroughPut

FEBRUARY 23, 2024

A report by McKinsey shows that early adopters of AI in the supply chain have improved their inventory levels by 35%, reduced logistics costs by 15%, and enhanced service levels by 65%, vis-a-vis competitors who were slow to embrace AI. AI for supplier relationship assessment. The solution? This helps prevent delays.

Predictive Analytics Software 59

Predictive Analytics Software Supply Chain Planning Software Optimal Sourcing Predictive Analytics 59

HICX Solutions

FEBRUARY 15, 2024

Therefore, awareness of changes in global regulatory legislation and a focus on sustainable procurement have never been so important for organizations of all sizes. This is not only in terms of their ethos and values but also in providing them with the best possible customer experience when purchasing from an organization.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Optimal Sourcing 52

The Logistics & Supply Chain Management Society

JULY 20, 2020

Innovation and supplier management calls for cloud-based integrated systems between partners and advanced predictive models. Predictive analytics will quicken demand response and involve product-use insights to improve accuracy against external factors affecting demand (e.g. Efficiency and cost management.

Agile and Lean Supply Chain 230

Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 230

Precoro

OCTOBER 6, 2022

With the global market expansion and deepening supply chain complexity, the roles of procurement leaders have evolved from tactical to strategic. Nowadays, procurement departments not only focus on the day-to-day buying operations but also search for the most efficient ways to go about them. How often do purchases happen?

Manufacturing Procurement 98

Manufacturing Procurement Procurement Solutions Procurement Analytics Pricing Training 98

EC Sourcing Group

JULY 12, 2022

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. This is a fairly common problem, as businesses have different priorities and nuanced procurement needs. Do you know which is right for your company?

Procurement Solutions 52

Procurement Solutions Supply Chain Design Software Analytics Software Supply Chain Planning Software 52

Supply Chain Game Changer

NOVEMBER 16, 2022

Why Procurement Transformation Can Fail! The duties of procurement managers are diverse, ranging from creating solicitations to collaborating with vendors. The importance of digital procurement is increasing rapidly. Along with cost savings, procurement managers are focusing on optimizing and automating processes.

Optimal Sourcing 19

Optimal Sourcing Procurement Analytics Manufacturing Procurement Supply Chain Software 19

EC Sourcing Group

SEPTEMBER 27, 2022

Technology has finally caught up with sourcing and procurement—evolving processes by leaps and bounds in a relatively short amount of time. Ensuring you have the best eSourcing tools with features that fit your needs can streamline your sourcing process, positively affecting your procurement processes and supply chain.

Analytics Software 52

Analytics Software Procurement Solutions Supply Chain Software Procurement Analytics 52

ivalua

MAY 9, 2023

But, the competitive landscape for procurement software is very different. As a result, the procurement software offered to public companies has been able to live in parallel with the private market; its evolution has been very focused on compliance with public procurement regulations. Where to Start?

Vendor Strategies 246

Vendor Strategies Procurement Solutions Manufacturing Procurement Sourcing Strategies 246

Unleashed

AUGUST 29, 2023

Here’s a typical dashboard demonstrating how inventory management software works in real life. How inventory management software works: Acquire inventory management software: A third-party software vendor is procured based on your business’s inventory management requirements.

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Forecasting Software Supply Chain Design Software 52

QAD

JANUARY 19, 2023

Supply chain management is typically broken into three large buckets of intricate processes and roles: Concept: the full cycle, from sourcing and procurement to fulfillment. Function: operation management, logistics and inventory. Cohesion is required across supply chain management to create maximum value.

Supply Chain Planning Software 93

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 93

Supply Chain Game Changer

NOVEMBER 5, 2019

Indirect Procurement – It’s Time to Rise and Shine! High spend and highly visible Procurement categories like raw materials, I/T, capital equipment, travel, facilities, large services contracts and more often merit dedicated Commodity Management resource. How Should MRO be Managed? Subscribe Here!

Manufacturing Procurement 51

Manufacturing Procurement Procurement Analytics Procurement Solutions Eliminating Excel in Purchasing 51

QAD

AUGUST 16, 2022

In a recent article from Procurious , the authors suggest: “A modern spend management strategy requires visibility into your suppliers’ practices as much as your own. Supplier visibility provides analytics and insights to inform your strategy. Supplier relationships are being put to the test every day.

Optimal Sourcing 92

Optimal Sourcing Supply Chain Software Manufacturing Procurement Supply Chain Design Software 92

Claritum

OCTOBER 3, 2017

Claritum Article - Procurement Blog. As featured in the ‘ The 10 Most Innovative Procurement Solution Providers ’ article published in the September 2017 Insights Success Magazine , Claritum discuss the drive for a New Wave of Easy-to-use Procurement Products….

Optimal Sourcing 32

Optimal Sourcing Procurement Solutions Manufacturing Procurement Procurement Analytics 32

QAD

MAY 26, 2021

Asset Management. Customer Management. Quality Management. Embedded Analytics. It includes applications that cover many areas of manufacturing and supply chain by addressing five critical capabilities of an Adaptive Manufacturing Enterprise : Integrated Supplier Management . Effective Enterprise Management.

Procurement Solutions 52

Procurement Solutions Supply Chain Planning Software Supply Chain Design Software Analytics Software 52

ivalua

JUNE 10, 2020

Supply chain management and procurement sit poised on the frontlines of managing global supply risks for their brands. A reliable supply chain can decrease purchasing and production costs for manufacturers and sellers. Once you begin working with a third-party supplier, how do you ensure you get what you paid for?

Risk Management 147

Risk Management Optimal Sourcing Manufacturing Procurement Waste Reduction 147

EC Sourcing Group

OCTOBER 26, 2021

It was slow-moving, achieving the result (product or service) took a much longer time, and dealing with suppliers was a much different story. Read on to learn about the importance of quality in supply chain management, how IT helps to achieve that quality, and more details about the supply chain. Cost reduction.

Supply Chain Software 52

Supply Chain Software Logistics Network Optimization Software Inventory Management Software Analytics Software 52

NC State SCRC

MARCH 15, 2016

Today I travelled to Baltimore to attend the ISM/Spend matters Global Procurement Tech Summit. I will be speaking on procurement analytics tomorrow, but got to attend a set of great sessions over the first half of the day. The first speaker was Anne Rung, Administrator from the Office of Federal Procurement Policy.

Procurement Solutions 40

Procurement Solutions Optimal Sourcing Analytics Software Baltimore 40

Supply Chain View from the Field

JANUARY 14, 2015

Such systems are also instrumental in establishing aligned tactical and strategic performance metrics systems that drive improved economic outcomes (Bendoly et al., ERP systems are designed to integrate transactions from finance, human resources, procurement, operations, sales and marketing, logistics, and other functions in a firm.

Manufacturing Procurement 60

Manufacturing Procurement Negotiating Skills Purchasing Skills Procurement Analytics 60

EC Sourcing Group

JULY 7, 2020

What Is eSourcing in Supply Chain Management? If you work in procurement or the purchasing department, you’re already aware of how it works. If you’re wondering, “ What is eSourcing in supply chain management? ” When you ask, ” What is eSourcing in supply chain management ? pre-purchase questionnaire.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Solutions Supply Chain Software Procurement Analytics 52

Eyvo

DECEMBER 16, 2020

Capgemini released a recent report titled Digital Procurement Research 2020-2021. They have been publishing this report for over a decade to support their clients in achieving a comprehensive overview of the complex world of digital procurement. What was the objective of Capgemini Digital Procurement Research?

Procurement Analytics 52

Procurement Analytics Procurement Solutions Research Procurement 52

ThroughPut

APRIL 5, 2024

Yet, 43% of small businesses do not monitor their inventory, and a mere 6% of businesses report that they have full visibility of their supply chain – a prerequisite for effective inventory management. Lack of Data Analytics Traditional inventory management systems were mostly manual.

Inventory Management Software 52

Inventory Management Software Inventory Management Inventory Reduction Inventory 52

SCMDOJO

APRIL 26, 2023

Category management is a procurement strategy that involves grouping similar products or services together into categories and managing them as a single unit. This approach can help organizations streamline their procurement processes, negotiate better deals with suppliers, and ultimately save money.

Procurement Solutions 76

Procurement Solutions Manufacturing Procurement Procurement Analytics Optimal Sourcing 76

Logility

MAY 25, 2023

Inventory Management Inventory management, takes a broader, more strategic approach. It involves overseeing the entire inventory lifecycle—from purchasing and delivery to storage and dispatch. This helps you anticipate inventory needs, optimize purchasing decisions, and maintain an efficient supply chain.

Inventory Reduction 130

Inventory Reduction Inventory Management Software Optimal Sourcing Inventory 130

Taulia

MARCH 14, 2023

However, it’s also possible to make simpler changes, such as clearly defining AR policies internally and ensuring easy access to customer data through a centralized supplier management dashboard. The more sophisticated virtual card solutions, like Taulia’s, include payment controls, cash analytics, and value-added tools.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Expense Reduction Cost Reduction Strategies 52

Supply Chain Game Changer

JUNE 10, 2020

Deciding to eat at Luigi’s Italian Market, and negotiating billion-dollar contracts aren’t really in the same league of purchasing decisions. But, we rely on our ERP systems & spreadsheets to manage tactical and strategic buying decisions when we walk into the office. Think I’m full of bologna?

Procurement Solutions 56

Procurement Solutions Procurement Analytics Eliminating Excel in Purchasing Optimal Sourcing 56