Precoro

FEBRUARY 27, 2023

Where should you start when you want to create budgets, cut costs, or forecast future spending? After all, a clear picture of the company's procurement process is necessary to develop a sustainable future strategy and to avoid pitfalls that hold your business back. The answer is simple: spend analysis.

Analysis 52

Analysis Purchasing Skills Optimal Sourcing Procurement Analytics 52

Unleashed

FEBRUARY 12, 2023

To stay on top of your financials, there are a few key cash flow metrics and KPIs you can track that will help you make the right decisions and avoid insolvency or liquidation. Learn more: Inventory Accounting: A Video Guide for Accountants & Advisors What are cash flow metrics? Why is it important to track cash flow metrics?

Procurement Analytics 52

Procurement Analytics Metrics Expense Reduction Inventory Reduction 52

Oracle SCM

JULY 12, 2017

Supply chain executives were under pressure to develop more efficient, customer-centric supply chains while finding innovative ways to reduce costs and enable growth. Explore Modern End-to-End Supply Chain for Real Business Growth. Explore Modern End-to-End Supply Chain for Real Business Growth.

Inventory Reduction 163

Inventory Reduction Resource Reduction Price Reduction Cost Reduction Strategies 163

EcoVadis

MAY 31, 2018

Read on for more details about EcoVadis ratings in this interview (first published on the ING Wholesale Banking site): Rating Sustainability Performance: An Essential Business Metric. Pierre-Francois Thaler, co-founder and co-CEO, explains the company’s business model and why it’s important to get rated. What areas does it cover?

Procurement Analytics 68

Procurement Analytics Metrics Sustainability Optimal Sourcing 68

Precoro

SEPTEMBER 4, 2023

The cash conversion cycle (CCC), also called the net operating cycle, is a metric used to measure the efficiency of a company's cash management and liquidity. However, software firms, insurance companies, and brokerage businesses have a negative cash conversion cycle because they realize sales without heavily relying on inventory.

Optimal Sourcing 59

Optimal Sourcing Negotiate Pricing Inventory Reduction Material Savings 59

Logistics Bureau

OCTOBER 30, 2017

Supply Chain KPIs are Essential – The Right Ones! Many people get really confused about KPIs or Key Performance Indicators in Logistics and Supply Chain operations. Supply Chain KPI Tips. All you need to know about Supply Chain KPIs. Supply Chain KPI. Which ones to use?…

KPI 94

KPI Guinea-Bissau Virgin Islands Papua New Guinea 94

Precoro

AUGUST 31, 2023

When faced with disrupted supply chains, unavailable staff, and closed facilities, businesses have to be extra conscious about their spending. Companies can cut costs in various ways. In other words, there are all kinds of changes to the existing setup that can contribute to lower costs.

Material Savings 105

Material Savings Cost Reduction Strategies Expense Reduction Price Reduction 105

Unleashed

OCTOBER 4, 2021

Here we break down the inventory management strategies of seven successful manufacturers and retailers around the globe. These examples show there isn’t a benchmark inventory management strategy that trumps all others. Samsung has a specific set of best practices it follows to manage its supply chain.

Inventory Reduction 97

Inventory Reduction Vendor Strategies Inventory Management Software Waste Reduction 97

6 River Systems

DECEMBER 11, 2018

Luckily, the current movers and shakers of the logistics and supply chain world are all too happy to dole out sage advice in the form of blog posts, interviews, podcasts — you name it. The tips below cover everything from unified supply chains to automated collaboration integration and beyond.

Inventory Reduction 75

Inventory Reduction Cost Reduction Strategies Resource Reduction Sourcing Strategies 75

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 78

Procurement Solutions Manufacturing Procurement Procurement Analytics Optimal Sourcing 78

Claritum

MARCH 29, 2019

Claritum Article - Procurement Blog. Crazy World of Procurement. Automation in this Crazy World. Assessing procurement automation solutions and service providers often includes comparison of features and functions, with weighting being given to those systems that have more features. 2 Crazy World of Procurement.

Procurement Solutions 40

Procurement Solutions Procurement Analytics Supply Chain Software Optimal Sourcing 40