Precoro

MAY 22, 2023

Strong companies depend on a range of hardware and software solutions to support key business processes like customer service, financial management, and supply chain operations. This article encompasses the best practices for planning and executing successful IT procurement strategies. What is IT procurement?

Procurement Solutions 52

Procurement Solutions Procurement Analytics Pricing Training Purchasing Skills 52

Precoro

MAY 19, 2023

According to McKinsey survey of global supply chain leaders , only 53% of respondents describe the quality of data in their supply chain planning systems as “sufficient” or “high.” less likely to be affected by supply chain disruptions.

Procurement Analytics 98

Procurement Analytics Metrics Supply Chain Planning Software Supply Chain Software 98

Precoro

DECEMBER 11, 2023

Strategic sourcing is a holistic approach to supply chain management that includes tactics for optimizing the total cost of ownership, improving supplier relationships, and ensuring long-term value creation. In many cases, new companies start with simple sourcing to get the procurement process rolling.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

Supply Chain Shaman

APRIL 20, 2018

This week I spoke at an SAS Global Analytics Summit on the connected supply chain. In my view, the connected supply chain is very, very different from the integrated supply chain. This model endorsed ERP as the system of record for the supply chain. What Is a Connected Supply Chain?

Supply Chain Planning Software 167

Supply Chain Planning Software Supply Chain Design Software Gartner Supply Chain Software 167

SupplyShift

DECEMBER 6, 2021

In the wake of supply chain disruptions and global shortages, businesses are quickly recognizing the need for greater visibility over their supply network, from documenting the origin of material components to tracking shipments. Supply chain mapping has plenty of more far-reaching benefits, too.

Supply Chain Software 52

Supply Chain Software Supply Chain Network Software Supply Chain Demand Planning Software 52

SupplyShift

DECEMBER 6, 2021

In the wake of supply chain disruptions and global shortages, businesses are quickly recognizing the need for greater visibility over their supply network, from documenting the origin of material components to tracking shipments. Supply chain mapping has plenty of more far-reaching benefits, too.

Supply Chain Software 52

Supply Chain Software Supply Chain Network Software Supply Chain Demand Planning Software 52

AFFLINK

MAY 11, 2017

In much the same way, any business seeking success in the procurement management environment should address the fundamentals first. A true “ customer first ” strategy speaks to attaining reliability and accountability at all levels of the service chain and with different customer segments. The late John Wooden focused on fundamentals.

Optimal Sourcing 61

Optimal Sourcing Sourcing Strategies Procurement Cost Reduction Strategies 61

Supply Chain Opz

NOVEMBER 9, 2014

Companies of all sizes have been capturing the value from Global Supply Chain to increase the economies of scale and scope for years. In this article, we will show you tips from worldwide experts that you can use to streamline your global supply chain operations. However, you may wonder what kind of practices really work.

Waste Reduction 274

Waste Reduction Cost Reduction Strategies Supply Chain Planning Software Inventory Reduction 274

HICX Solutions

FEBRUARY 2, 2023

Charlotte Anabelle de Brabandt , Head of IT Partner Management & Head of IT Governance US at ZF Group and Max Kent , CEO at Procure Services LTD. The discussion focused on key findings from our recent Voice of the Supplier Survey and reactions to the results from an industry-insider perspective and a supplier point of view.

Optimal Sourcing 52

Optimal Sourcing Negotiate Pricing Procurement Analytics Procurement Solutions 52

SCMDOJO

DECEMBER 11, 2023

In the realm of efficient procurement management, understanding the various types of procurement reports becomes paramount. These reports serve as navigational tools, offering insights into different facets of the procurement process.

Procurement Analytics 16

Procurement Analytics Optimal Sourcing Procurement Solutions Material Savings 16

Material Handling & Logistics

DECEMBER 3, 2018

Four separate factors contribute to achieving a “perfect order”: the delivery must arrive complete, on-time, undamaged, and with proper documentation. According to APQC Open Standards Benchmarking data, organizations that are median, or midpoint, performers on this measure have a perfect order index of 90. Digital Transformation.

Manufacturing Procurement 100

Manufacturing Procurement Supply Chain Software Inventory Reduction Supply Chain Planning Software 100

EcoVadis

SEPTEMBER 4, 2019

Data from this year’s Sustainable Procurement Barometer shows there’s a clear ROI for moving along the sustainable procurement maturity curve. . The fact that leaders are successfully implementing these policies and tools show how critical they all are for driving higher levels of sustainable procurement performance. .

Supply Chain Planning Software 45

Supply Chain Planning Software Optimal Sourcing Modeling Software Supply Chain Software 45

GlobalTranz

OCTOBER 21, 2015

Editor's Note: As of late you may have noticed we have written a lot about procurement and the future of procurement. A large part of procurement is finalizing the contract and then the follow through of the determined deliverables in that agreement. How do you know you are getting what you paid for?

KPI 120

KPI Negotiating Skills 3PL Optimal Sourcing 120

SupplyShift

NOVEMBER 4, 2020

2020 has been a defining year for transparent supply chains. On the contrary, companies seem to be more focused than ever on driving sustainability in supply chains. And in order to do so, you need to drastically increase transparency in your supply chain.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Gartner 52

SupplyShift

NOVEMBER 4, 2020

2020 has been a defining year for transparent supply chains. On the contrary, companies seem to be more focused than ever on driving sustainability in supply chains. And in order to do so, you need to drastically increase transparency in your supply chain. 2021 Supply Chain Transparency Checklist.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Gartner 52

Talking Logistics

MARCH 24, 2015

Benchmark yourself against historical and current market indexes. Use only your data to determine benchmarks for your next RFP. Work closely with the broader supply chain team to understand which initiatives could have an impact on transportation. Your RFP will be much more successful with a documented carrier strategy.

Expense Reduction 100

Expense Reduction Price Reduction Transportation Cost Reduction Strategies 100

Supply Chain View from the Field

AUGUST 24, 2015

The challenge involves matching a group of bright, eager, and hungry young MBA and engineering students to a group of projects identified by a group of companies, through the now well-established Supply Chain Resource Cooperative in the Poole College of Management.

Procurement Analytics 60

Procurement Analytics Analytics Software Analytics Manufacturing Procurement 60

Supply Chain Shaman

AUGUST 16, 2015

The most significant for the supply chain market are assets from Baan, Formation Systems, Fygir, Intentia, Lawson, MAPICS, Mercia, and SSA Global. In the supply chain management technology market, historically, Infor is a market consolidator buying and integrating disparate software assets and assembling them into industry solutions.

Prescriptive Analytics Software 150

Prescriptive Analytics Software Supply Chain Network Software Supply Chain Design Software Analytics Software 150

EcoVadis

MAY 31, 2018

EcoVadis sustainability ratings and scorecards help procurement teams monitor supply chain Corporate Social Responsibility (CSR)/ESG practices across 190 sectors and 150 countries. There are no restrictions; just register, answer the online questionnaire and documentation, share results, and improve!

Procurement Analytics 68

Procurement Analytics Metrics Sustainability Optimal Sourcing 68

Precoro

SEPTEMBER 4, 2023

Instead, it depends on aspects like the industry, supply chain dynamics, and business model. Conversely, industries with longer production lead times or complex supply chains tend to have longer CCCs. By swiftly identifying bottlenecks and inefficiencies, you can make data-based decisions about optimizing procurement.

Optimal Sourcing 59

Optimal Sourcing Negotiate Pricing Inventory Reduction Material Savings 59

Logistics Viewpoints

JANUARY 23, 2024

This year, a recurring theme that I saw was about using supply chain data to improve the customer experience across the entire value chain. Here are the ones that stood out to me, especially as it relates to supply chain data. This new dashboard gives retailers a lot of supply chain data to see where they stand.

Supply Chain Planning Software 209

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

Talking Logistics

APRIL 24, 2017

So, how does a company ensure that its supply chain is environmentally responsible? Here are the top 5 ways a TMS can help your supply chain “go green.”. Beyond the trucks, trains and roads, you can improve the environmental responsibility of your supply chain by changing the way you work.

Optimal Sourcing 117

Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software Optimization Software 117

Supply Chain Game Changer

APRIL 29, 2020

Subscribe to Supply Chain Game Changer. 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.

Negotiating Skills 69

Negotiating Skills Cost Reduction Strategies Optimal Sourcing Freight 69

NC State SCRC

AUGUST 6, 2016

As in past years, we have been collecting these projects from our partner companies, and they reflect the on-going set of strategic challenges faced by these organizations as they work on building their supply chain capabilities. SCRC Supply Chain Maturity Model.

Sourcing Strategies 40

Sourcing Strategies Modeling Resource Reduction Supply Chain Strategy 40

Logistics Bureau

DECEMBER 3, 2017

We’d like to know what you believe your managers and staff need from a supply chain education program. … Well… As you may know, we have an education division in our group called Supply Chain Leaders Academy, and every so often we like to make sure our program is still up-to-date and relevant.

Education 40

Education Purchasing Skills Buyer Training Supply Chain Design Software 40

Supply Chain Game Changer

JULY 3, 2019

Subscribe to Supply Chain Game Changer. The Green Supply Chain: True Sustainability or Just One Big Marketing Stunt? Benchmark the market and take into account the ability for different solutions to fit into your existing sourcing processes. Subscribe Here! Email Address. Sustainability. Suppliers and partners.

Sourcing Strategies 58

Sourcing Strategies Purchasing Skills Sourcing Sustainability 58

Unleashed

JUNE 8, 2023

Behind every successful product business is a thoughtful procurement strategy designed to optimise the supplier management and purchasing process. This guide answers exactly what is procurement, how procurement works in a business , and which tools and strategies lead to supply chain success.

Procurement Solutions 52

Procurement Solutions Sourcing Strategies Vendor Strategies Material Savings 52

EcoVadis

MAY 12, 2016

Part 2 in a series examining the use of on-site audits in the supply chain. Audit reports can be a useful input when they are part of a more comprehensive sustainable procurement program. Source: Heineken presentation on sustainable procurement. Site-audits are not effective as a monitoring tool.

Optimal Sourcing 40

Optimal Sourcing Supply Chain Planning Software Sourcing Strategies Supply Chain Software 40

NC State SCRC

APRIL 6, 2019

Lots to think about here… and also a great precursor to our upcoming SCRC meeting on the interaction between marketing and procurement. Once a contract is approved, the CLM system can document and track the execution of the agreement based on the agreed upon deliverables. References. 1 Consilio. Right Law Department, [link].

Supply Chain Design Software 58

Supply Chain Design Software Supply Chain Software Negotiating Skills Optimal Sourcing 58

Intelligent Audit

AUGUST 25, 2022

Transportation is impacted by many factors, including the cost of gas, carrier fees, and supply chain delays or failures. COVID-19, the war in Ukraine, and inflation provide modern examples of largescale factors outside of a company’s control that impact its supply chain and transportation spend.

Real-time Visibility 52

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

NC State SCRC

NOVEMBER 5, 2016

Contract analytics can provide a summary view on performance and pricing deviations, risks, statistics (expiry, renewal and pending), procurement and sales metrics. The tool also helped support a well-documented statement of work, and ensured that the right regulatory requirements and questions were being addressed in the contract.

Negotiating Skills 40

Negotiating Skills Analytics Software Supply Chain Planning Software Modeling Software 40

Unleashed

AUGUST 17, 2021

These include inventory management, supply chain operations, procurement, project management, financial management, risk management and compliance. An EHS system allows companies to better manage and report on environmental performance benchmarks, and any operational risks associated with their business.

Inventory Management Software 97

Inventory Management Software Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software 97

HICX Solutions

SEPTEMBER 23, 2020

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. For the latest from HICX, sign up to our short, two-weekly newsletter with a selection of the top stories from the world of Procurement and supplier data. .

Cost Reduction Strategies 52

Cost Reduction Strategies Purchasing Skills Data Eliminating Excel in Purchasing 52

CH Robinson Transportfolio

JULY 8, 2014

The goals you plan to achieve with outsourcing—greater efficiency, enhanced savings, supply chain transparency, improved customer service—will only be realized with the support of the entire organization. Outsource Solutions Supply Chain Transportation Management' A cross-functional team.

Transportation Management 55

Transportation Management Transportation Supply Chain Planning Software Supply Chain Planning 55

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

Supply Chain Game Changer

FEBRUARY 5, 2020

Subscribe to Supply Chain Game Changer. What’s the Difference between Procurement and Purchasing? Why Procurement Transformation Fail article created by, and permission to publish here provided by, Jill Button at [link]. What do I mean by Foundation in Procurement Transformation? Subscribe Here!

Procurement Solutions 70

Procurement Solutions Negotiate Pricing Negotiating Skills Procurement 70

Precoro

MARCH 30, 2022

Strategic Procurement Helps a Business Unleash its Potential. As The Hackett Group discovered, approaching procurement strategically with specific business goals in mind helps achieve a significantly higher ROI. Operational efficiency and cost reduction are among the top procurement priorities for CPOs, according to Deloitte.

Vendor Strategies 52

Vendor Strategies Sourcing Strategies Cost Reduction Strategies Price Reduction 52