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. Goals beyond the best purchasing price fall into strategic sourcing. 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 Game Changer

APRIL 15, 2020

Digital Procurement article, and permission to publish here, provided by Sam Jenks at kodiakrating.com. Navigating the complexity of the global supply chain as a procurement professional can sometimes feel like taking a walk through the Amazon without a compass, or entering into outer space without an oxygen tank. Benchmarking.

Procurement Solutions 90

Procurement Solutions Procurement Analytics Procurement Eliminating Excel in Purchasing 90

Logistics Viewpoints

MARCH 27, 2023

Solvoyo’s Solution Bugaboo: something that causes fear or distress out of proportion to its importance. Organizations then convert those demand forecasts to the associated quantities of raw materials to purchase, goods to be manufactured, or finished products to ship. Would better forecasting accuracy be a good thing? Absolutely!

Forecasting 189

Forecasting Forecasting Software Modeling Optimal Sourcing 189

Material Handling & Logistics

OCTOBER 30, 2018

With the digitization of the source-to-pay process being a key initiative for many chief procurement officers, to the inherent automation which promises to accelerate innovations such as artificial intelligence (AI), digitization is growing. However, it is fundamental to empowering procurement success in the modern age.

Optimal Sourcing 110

Optimal Sourcing Procurement Solutions Procurement Analytics Procurement 110

Logistics Viewpoints

NOVEMBER 6, 2023

As corporations announce plans to be Net Zero across their end-to-end supply chain at some point in the future – often 2050 – they then need their suppliers to participate in helping them meet their goals. Increasingly, companies will take sustainability criteria into account in their purchasing decisions.

Resource Reduction 223

Resource Reduction Material Savings Supply Chain Planning Software Procurement Analytics 223

Unleashed

AUGUST 17, 2021

There is a range of manufacturing software now available to help businesses streamline their processes and maximise efficiency. Here we look at 15 types of manufacturing software, and for each answer three questions: What are the main functions of this software? What type of business is this software suited to?

Inventory Management Software 97

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

Logility

APRIL 2, 2020

Supplier scorecards are globally accepted as a key tool for managing a more profitable supply chain. A good scorecard helps identify which vendors deliver the best value, explains the drivers of performance, and is a preferred collaboration tool for improving supplier relationships. Consider using software to automate data integration.

Negotiating Skills 157

Negotiating Skills Supply Chain Planning Software Supply Chain Design Software Purchasing Skills 157

Multichannel Merchant

NOVEMBER 10, 2022

In a 2022 study from Descartes examining consumer perceptions of ecommerce buying and home delivery, 48% of respondents said they will make more ecommerce purchases in the future (read: more deliveries), up from 13% pre-pandemic. Last mile delivery benchmark studies have identified five basic customer delivery personas.

Procurement Solutions 59

Procurement Solutions Supply Chain Planning Software Predictive Analytics Software Optimization Software 59

Supply Chain Game Changer

MARCH 28, 2020

The Procurement, or Purchasing, function is considered by many to be a necessary but non-strategic part of any organization. But there is a profoundly significant Procurement value chain. Procurement is strategic! Now is the time for Procurement to SELL! Could the CPO Be Replaced by the Chief Value Officer?

Procurement Analytics 71

Procurement Analytics Procurement Solutions Pricing Training Negotiating Skills 71

Unleashed

JANUARY 24, 2022

We also give you the 10 best practices to reduce your spend on MRO goods while maintaining a steady flow of the items you need – including the KPIs and software that will assist you. MRO stands for Maintenance, Repair and Operations and refers to the MRO of the machinery, equipment, and tools necessary to run a business.

Inventory Reduction 98

Inventory Reduction Inventory Management Software Procurement Solutions Supply Chain Software 98

Multichannel Merchant

NOVEMBER 10, 2022

In a 2022 study from Descartes examining consumer perceptions of ecommerce buying and home delivery, 48% of respondents said they will make more ecommerce purchases in the future (read: more deliveries), up from 13% pre-pandemic. 2: Parcel Mentality Typical parcel deliveries are fast but not necessarily time definite at the point of purchase.

Procurement Solutions 52

Procurement Solutions Supply Chain Planning Software Predictive Analytics Software Optimization Software 52

EC Sourcing Group

JULY 5, 2022

However, there is more to this question than meets the eye. 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. What Is Spend Analysis : Choosing the Right Software.

Analysis 52

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

ToolsGroup

DECEMBER 16, 2021

To remain competitive, retailers who invest in open-to-buy planning software are able to keep an eye on their financial health and grow a successful business, while aligning inventory optimization with revenue goals. The benefits of open-to-buy. Reach Optimal Inventory Levels by Having the Right Amount of Stock Available.

Supply Chain Planning Software 156

Supply Chain Planning Software Retail Supply Chain Planning Scenario Planning 156

HICX Solutions

NOVEMBER 4, 2021

Ahead of the 2021 United Nations Climate Change Conference (COP26) , held between 31st October and 12th November, we welcomed Charlotte de Brabandt and Max Kent to the Supplier Experience Live podcast, to discuss how sustainable procurement programs foster a greener future. From CSR to ESG, to sustainable procurement goals.

Charlotte 52

Charlotte Procurement Solutions Optimal Sourcing Sustainability 52

GlobalTranz

JANUARY 10, 2017

From artificial intelligence to refocusing on procurement, the state of supply chain continued to explode throughout 2016, and you need to understand why. Thus, more companies replaced antiquated enterprise resource planning systems, as explained in another GT Nexus report, with an easy-to-integrate solution, such as the Cerasis Rater.

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Manufacturing Procurement Optimal Sourcing Procurement Analytics 120

Logistics Viewpoints

NOVEMBER 18, 2021

Expectations for short delivery times, 100% fulfillment accuracy, and large product selection and availability have become a key deciding factor on which customers make their purchase decisions. Of the DC technology choices available, AI software is significantly promising for many looking to transform their DC operations.

DC 256

DC Optimization Software Demand Planning Software Supply Chain Planning Software 256

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

DELMIA Quintiq

MAY 17, 2023

Therefore, supply chain planning has huge potential to reduce the environmental impact of production and transportation, and DELMIA Supply Chain Solutions play a pivotal role in making this happen. This is where DELMIA Supply Chain Solutions with its planning engines will help. Some suppliers are in Europe, whereas some are in Asia.

Supply Chain Planning Software 156

Supply Chain Planning Software Supply Chain Planning Scenario Planning Sustainability 156

ToolsGroup

OCTOBER 3, 2022

How to Hire in a Labor Shortage and Meet Customer Expectations. Despite the need for retail staff, the hiring spree to meet the surging demand for retail workers did suffer a pullback. Moreover, the new policy of purchasing online and picking up in-store adds to the already high-stress environment for in-store employees.

Optimal Sourcing 156

Optimal Sourcing Retail Purchasing Skills Inventory Reduction 156

Logistics Viewpoints

NOVEMBER 23, 2020

Our inventories were in line with benchmarks, but we knew that intensifying the pace of launches could become challenging in the long run.”. That’s why the supply chain team proactively kicked off a series of meetings. We could not manage our business with that tool,” Mr. Stephens realized. The results?

Customer Service 192

Customer Service Supply and Demand Logistics Network Optimization Software Supply Chain Planning Software 192

EcoVadis

MARCH 31, 2017

Many procurement teams are finding holistic approach can provide huge advantages. Here’s an overview of the important criteria to consider when searching for a solution: What is the Industrial Breadth of the Solution? Your organization may know very little about many of these industries, especially when it comes to risk and CSR.

Procurement Solutions 56

Procurement Solutions Procurement Analytics Manufacturing Procurement Supply Chain Planning Software 56

Supply Chain Game Changer

APRIL 23, 2019

The Procurement, or Purchasing, function is considered by many to be a necessary but non-strategic part of any organization. This is not to say that they believe Procurement doesn’t play a role, but rather that they don’t view Procurement as playing a critical role beyond cutting costs and finding suppliers.

Procurement Analytics 50

Procurement Analytics Procurement Solutions Pricing Training Negotiating Skills 50

Precoro

SEPTEMBER 4, 2023

In general, if a company has a long CCC, it indicates that it is either locking its resources in inventories or taking a very long time to collect payments from customers, which can lead to: Difficulties in fulfilling short-term obligations like paying suppliers and meeting operational expenses.

Optimal Sourcing 59

Optimal Sourcing Negotiate Pricing Inventory Reduction Material Savings 59

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

Kinaxis

NOVEMBER 11, 2019

Purchasers don’t have visibility into existing inventory. The IT team volunteers its time to improve your software. Example : “Finance has these benchmarks on cash flow and inventory. And, of course, we want to be good team players and be able to meet those requirements.”. Communication breaks down.

Supply Chain Transformation 164

Supply Chain Transformation Supply Chain Planning Software Gartner Supply Chain Software 164

crisp

JANUARY 24, 2024

While Luminate offers two tiers of data subscriptions, the Luminate Charter plan stands out as a powerful tool for data-driven brands, boasting a continuously evolving feed of never-before-seen reports designed to transform supplier strategy. Eligible : Meeting all criteria to be sold online. Available: In stock and ready for purchase.

Procurement Analytics 52

Procurement Analytics Inventory Reduction Report Price Reduction 52

Unleashed

JANUARY 29, 2024

This helps them to meet the changing consumer demands for healthier and more sustainable products. You can keep your purchasing costs down by stocking only the SKUs that generate profit and demand. What are the key performance indicators you want to improve, and what are the benchmarks that you’ll use to evaluate each SKU?

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 52

Supply Chain Shaman

AUGUST 12, 2020

Heavily booked and running from meeting to meeting, I was late. The topic of the meeting was the logistics to launch of the AMR Research Top 25. The topic of the meeting was the logistics to launch of the AMR Research Top 25. As I squeezed into the middle seat of a crowded conference room, I got the stare. The reason?

Gartner 235

Gartner Supply Chain Software Procurement Analytics Manufacturing Procurement 235

Supply Chain Shaman

JUNE 14, 2018

In this series of posts, I am going to make an argument to augment ERP planning with new cloud-based solutions to improve decision-making. While many business leaders believe that Enterprise Resource Planning (ERP) and Advanced Planning Solutions (APS) will be equal to this task, it is not sufficient. How is this impacting reliability?

Optimal Sourcing 169

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Agile and Lean Supply Chain 169

Unleashed

JULY 25, 2023

Inventory turnover period The inventory turnover period is the time taken from when you purchase inventory until the time those goods are sold. However, ensuring you have sufficient inventory to meet sales demand is better than having to scale down inventory because your business sales have slowed.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Price Reduction 52

Unleashed

FEBRUARY 1, 2023

Demand planning also considers factors such as: Your marketing strategy Seasonality Market trends Demand planning teams need to constantly be alert to technology advances such as in Artificial Intelligence or software tools which can be utilised to their advantage. They must draw on all these factors to create a ‘demand plan’.

Supply and Demand 52

Supply and Demand Demand Planning Supply Chain Planning Software Demand Planning Software 52

SupplyPike

JUNE 26, 2020

Category management is defined as a purchasing concept which groups products together into discrete classifications. These product categories are then used to define purchasing behaviors. There are many benchmarks and trends to look at while analyzing the four Ps of category management. How do retailers manage their categories?

Retail 98

Retail Price Reduction Material Savings Inventory Reduction 98

Unleashed

FEBRUARY 12, 2024

This number can then be used as a benchmark for continual improvement, supporting sustainable business growth. This includes the cost of capital used to purchase inventory, which could have been invested elsewhere for potential returns. With a simple calculation, you can understand what it costs to store and maintain goods.

Inventory Reduction 52

Inventory Reduction Purchasing Skills Cost Reduction Strategies Negotiating Skills 52

Precoro

MAY 19, 2023

The right metrics can shed light on how cost-effective a company’s processes are when it comes to the flow of goods, both at the inbound stages of procurement and outbound all the way to the customer. By setting benchmarks for metrics, analysts can recognize unsettling trends and take preventive measures on time.

Procurement Analytics 98

Procurement Analytics Metrics Supply Chain Planning Software Supply Chain Software 98

Unleashed

MARCH 6, 2024

Effective supply chain management helps you build an agile supply chain meaning you have greater flexibility to meet customer expectations, reduce operational costs, and gain a competitive edge in your industry. And leverage digital tools and platforms that enable real-time visibility, communication, and decision-making.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 52

Freightos

NOVEMBER 21, 2018

The starting point is creating good online solutions, which is easier said than done. We’re lagging behind many other industries in providing online solutions including easy online transactions.”. Look how easy airline passengers purchase tickets online, get boarding passes, and the rest of it. The results have been poor.

Purchasing Skills 120

Purchasing Skills Procurement Solutions Demand Planning Software Price Reduction 120

Logistics Bureau

OCTOBER 20, 2021

Calculate cash-to-cash cycle time by adding the number of days that inventory is on hand to the number of days (on average) that customers take to pay for their orders and deducting the number of days it typically takes for your organization to pay for its purchases. Allow for variations in sales due to seasons, festivals, and/or new trends.

Supply Chain Design Software 80

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software KPI 80