Supply Chain Game Changer

NOVEMBER 26, 2018

Check out Procurement Report Card: Most Executives Think Procurement Isn’t Strategic Enough! Looking back on the training process, our research, strategy, implementation and evaluation methods closely mirrored supplier relationship management and procurement management. Subscribe Here! Email Address.

Procurement Analytics 43

Procurement Analytics Optimal Sourcing Procurement Purchasing Skills 43

Precoro

MAY 6, 2024

According to research from Ivalua , suppliers often face late payments; as a result, they report having to extend or open lines of credit otherwise not needed (41%), delay delivery of products or services (34%), and increase prices or reduce discounts (33%). Plus, it enables buyers to capitalize on early payment discounts.

Procurement Solutions 105

Procurement Solutions Forecasting Software Optimization Software Procurement Analytics 105

Precoro

OCTOBER 16, 2023

Regardless of size or industry, every organization relies on procurement to achieve its objectives and stimulate growth. Procurement, the art of acquiring goods and services, is not just an option but a fundamental requirement for businesses to function smoothly. What is a Procurement Contract?

Procurement Solutions 98

Procurement Solutions Optimal Sourcing Procurement Analytics Procurement 98

EcoVadis

OCTOBER 9, 2012

The second part of the G4 project public comment session ended on September 25th and received more than 1263 formal feedback.The new Guidelines are planned to be released in May 2013 , provided they are accepted by the GRI’s governance bodies. The G4 draft provides a comprehensive insight on the upcoming GRI reporting framework.

Procurement Analytics 40

Procurement Analytics Guidelines Supply Chain Planning Supply Chain 40

Enterra Insights

APRIL 13, 2020

With millions of people furloughed as a result of the novel coronavirus pandemic, brands understand consumer purchasing power has diminished dramatically. This drop in purchasing power begs the question: Why market? In this part one of this article, I discuss what some subject matter experts are saying about marketing during a crisis.

Procurement Analytics 100

Procurement Analytics Just-in-Time Purchasing Skills Sourcing Strategies 100

Precoro

JUNE 21, 2023

Accurate financial reporting is crucial for maintaining transparency, complying with laws and market regulations, and building trust in relationships with suppliers, creditors, and investors. Let’s take a look at how following standardized guidelines can benefit companies and, specifically, their AP departments. What is GAAP?

Procurement Analytics 98

Procurement Analytics Expense Reduction Procurement Solutions Guidelines 98

Claritum

MAY 2, 2019

Claritum Article - Procurement Blog. Key transactional areas of Procurement. Strategic focus areas of Procurement. If your procurement team is spending over half their time on transactional activity, what opportunities are they missing? 2 Key transactional areas of procurement. Purchase Order *.

Procurement Solutions 44

Procurement Solutions Procurement Analytics Optimal Sourcing Purchasing Skills 44

Unleashed

NOVEMBER 15, 2021

Mass customisation is also known as: Made-to-order Built-to-order Increasingly popular in the retail goods sector – but also used in the automotive, software and finance sectors – mass customisation allows customers to purchase a product that is more ‘them’. With adaptive customisation, users personalise it when they take it home.

Inventory Management Software 98

Inventory Management Software Supply Chain Design Software Supply Chain Planning Software Forecasting Software 98

EMERGE App

JANUARY 25, 2021

First, there is the sourcing of requisite raw materials from suppliers. This article discusses how to calculate the in-process inventory, the costs associated with it, and exactly why you need to account for it. . The frequency of WIP reporting generally depends on the type of company involved.

Inventory Reduction 52

Inventory Reduction Inventory Manufacturing Procurement Inventory Management Software 52

Supply Chain Cowboy

JUNE 30, 2014

For more on the Pained Pause, check out this Lifehacker Article. If you are a public company, are SEC guidelines – especially insider trading rules – being followed? Image Sources: Johnny Tightlips (modified) | Open Book | Castle ]. Is there any specific information that poses an unusually high risk if shared?

Purchasing Skills 51

Purchasing Skills Sourcing Strategies Vendor Strategies Optimal Sourcing 51

Precoro

APRIL 24, 2023

This article will explore the advantages of having an established system for supplier onboarding, and in it, we offer practical guidance for a successful onboarding experience. Note : We use the terms "supplier onboarding" and "vendor onboarding" interchangeably in this article as they both refer to the same set of procedures.

Supply Chain Design Software 52

Supply Chain Design Software Procurement Solutions Supply Chain Network Software Demand Planning Software 52

EcoVadis

MAY 9, 2018

Direct purchasing by governments and state-owned enterprises accounts for 12 percent of GDP in OECD countries, and in the U.K. Sustainable public procurement can also be beneficial from the economic perspective: It can generate income, reduce costs and promote innovation among domestic producers. National Procurement Standards.

Manufacturing Procurement 60

Manufacturing Procurement Procurement Analytics Procurement Solutions Optimal Sourcing 60

Supply Chain Game Changer

APRIL 4, 2019

Article originally published by, and permission to publish here provided by, Sam Jenks at [link]. Where does Procurement stand in your organization’s Value Chain? Procurement is?—?still?—?largely Source: Porter (1985). Secondary: Procurement ?—?is Could the CPO Be Replaced by the Chief Value Officer? Service ?—?includes

Procurement Solutions 60

Procurement Solutions Procurement Analytics Purchasing Skills Supply Chain Planning Software 60

Arkieva

JANUARY 6, 2017

After a couple of quick questions about the product that she had purchased, it was obvious to me that the product itself had the right features. Gartner defines the Bimodal approach to supply chain management as “the practice of managing two separate but coherent styles of work: one focused on predictability; the other on exploration.”

Inventory Reduction 61

Inventory Reduction Cost Reduction Strategies Material Savings Vendor Strategies 61

Exiger Perspectives

MARCH 30, 2023

There are two main reasons why SCRM programs fail to achieve their desired results: Failure to set up a risk framework specific to the program Failure to effectively drive adoption within the organization In this article, we will explore how organizations can overcome these pitfalls and set up a solid SCRM program using Exiger’s TRADES framework.

Supply Chain Design Software 52

Supply Chain Design Software Supply Chain Risk Management Supply Chain Software Supply Chain Network Software 52

Kinaxis

OCTOBER 7, 2016

by Kevin McGowan A recent New York Times article demonstrated that supply chain management innovations can come from some unexpected places. This beats the paper-based system, and allows purchasers to track a fish-specific barcode so they know who caught it, where they caught it, and where that fish is going in the supply chain.

Supply Chain Software 209

Supply Chain Software Supply Chain Demand Planning Software Supply Chain Network Software 209

Talking Logistics

JANUARY 25, 2016

Based on recent reports, it appears that, three years later, the answer to that question remains the same: We don’t know. According to a recent report by the non-profit group Development International, only 14% of Californian companies fully comply with the California Transparency in Supply Chains Act of 2010 (TISCA).

Agile and Lean Supply Chain 100

Agile and Lean Supply Chain Supply Chain Planning Software Manufacturing Procurement Supply Chain Planning 100

Elementum

DECEMBER 11, 2023

Whether it be in customer service, procurement, finance, or any other core business function, BPA has become a staple for businesses looking to optimize their operations and improve their overall performance. For instance, a company can employ BPM software to expand buy now, pay later purchase options, enhancing overall workflow.

Sourcing Strategies 78

Sourcing Strategies Optimization Software Analytics Software Predictive Analytics Software 78

Arena Solutions

MARCH 22, 2024

PLM, like any major purchase whether for personal or business, requires time invested. Misaligned Expectations Lack of alignment across the organization can result in ambiguous business outcomes, uncertain success metrics, fragmented project implementations, or resistance to change. 10 COMMON PLM ADOPTION MISTAKES 1.

Analytics Software 89

Analytics Software Modeling Software Sourcing Strategies Purchasing Training 89

Jaggaer

MAY 14, 2019

Source-to-Pay software or, simply put, S2P is an integrated suite of applications developed to take care of and manage each and every process within the procurement function. I mplementing a S2P solution is a major change for any organisation and it should never be “an impulse purchase”. The procurement strategy .

Procurement Solutions 81

Procurement Solutions Optimization Software Analytics Software Optimal Sourcing 81

ShipBob

APRIL 30, 2023

Plus, you establish and regularly check metric-driven goals (around speed and quality) for your team. Moving to the “Stellar” level requires a shift in your goals from just meeting demands to further optimizing processes and delighting customers with: Regular reporting on holistic metrics, as well as variances.

Customer Service 52

Customer Service Optimal Sourcing Procurement Analytics Optimization Software 52

Unleashed

SEPTEMBER 14, 2022

In this article we’ll introduce you to everything you need to know to start digital marketing as an accounting firm. In the least, the principles of marketing are more guidelines than rules – and accountants who find themselves marketing their services need to get comfortable with this open-ended, test-and-learn, approach.

Modeling Software 52

Modeling Software Analytics Software Supply Chain Network Software Demand Planning Software 52

GlobalTranz

MARCH 28, 2016

Using AI driven product nature of being and smart attributes, data can be structured to support the needs of ERP applications as well as strategic sourcing and Value Analysis activities , all from one data set. These super-intelligent machines are already taking over factory workers, stock traders, data processors, even news reporters.

Logistics Network Optimization Software 120

Logistics Network Optimization Software Optimization Software Inventory Management Software Modeling Software 120

Talking Logistics

DECEMBER 16, 2016

Here’s one of my predictions for 2016 that hit the mark: Blockchain Technology Will Make Its Debut in Supply Chain Management. Other examples: The United States Postal Service (USPS) published a report in May titled Blockchain Technology: Possibilities for the U.S. Toyota temporarily shut two factories in the aftermath.

Predictive Analytics Software 50

Predictive Analytics Software Supply Chain Design Software Supply Chain Planning Software Logistics Network Optimization Software 50