ivalua
FEBRUARY 27, 2023
Ivalua Spend Management Insights [ivory-search] Procurement Rising: The Silent Inflation Tax on Manufacturers February 27, 2023 | | Manufacturing by Doug Keeley Last year, the Consumer Price Index was the highest it has been in four decades, making inflation one of the most concerning macroeconomic factors facing the business world today.
ivalua
FEBRUARY 10, 2023
S2P and Mitigating Effects of Inflation One way of mitigating these effects is through S2P solutions – providing visibility into a company’s spend data across all categories of spend and help identify opportunities for cost savings through better supplier management techniques. Doug has a B.S.
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Oracle SCM
JULY 12, 2017
The right prediction and contingency planning tools will ensure a complete view and an effective response to risks such as suppliers going out of business, political upheaval, and natural calamities affecting manufacturing. To be successful, products must be manufactured at the right cost, place, and time.
QAD
MAY 16, 2019
The assessment also establishes a common definition of supply chain management processes to help organizations: Determine the robustness of existing internal processes. Benchmark supply chain operations. Mitigate risk throughout the tiers of automotive suppliers. Strengthened requirements in Chapter 6: Supplier Interface (e.g.
Precoro
SEPTEMBER 6, 2021
For instance, if your company requires raw materials to manufacture its products, you first choose where to procure these materials, send a purchase order to the selected supplier, and pay for delivered items. A buyer and a supplier sign a contract. What Is Procurement Process?
Precoro
SEPTEMBER 4, 2023
The cash conversion cycle is a significant financial metric for retailers and manufacturing companies involved in buying and managing inventories and selling them to customers. Thus, the best strategy for companies is to benchmark their cash conversion cycle against their historical performance and competitors in their industry.
ivalua
AUGUST 10, 2015
Recently, I had the pleasure of hanging out with 16 different Tier 1 automotive manufacturers in the same evening. The audience was extremely engaged as many of them continue to look for better ways to generate the most value from the supplier selection process and ongoing supplier management.
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