EC Sourcing Group

DECEMBER 13, 2021

What Is Vendor Sourcing? Generally speaking, vendor sourcing is when you choose vendors to supply you with either goods or services. In years past, vendor sourcing could be an intricate and lengthy process. Read on to learn more about auction vendor sourcing and more about the management process. Portal capabilities.

Purchasing Skills 52

Purchasing Skills Optimal Sourcing Sourcing Strategies Negotiating Skills 52

EC Sourcing Group

AUGUST 16, 2022

Unethical Sourcing Practices in Procurement and How to Avoid Them. In procurement, unethical practices can be hard to spot. It’s critical to understand what makes up ethical vs. unethical practices within your procurement function. Unethical Procurement Practices : Examples of Unethical Behavior. Favoritism.

Sourcing 40

Sourcing Procurement Negotiate Pricing How To 40

Supply Chain Game Changer

JUNE 18, 2021

Featuring Our 12 Best Procurement Articles! In the procurement profession, speed and efficiency are key. There is just too much time and money that can be wasted on a daily basis while signing paper documents. Electronic signature platforms allow you to sign multiple documents within seconds, on the go.

Sourcing Strategies 60

Sourcing Strategies Procurement Analytics Procurement Solutions Procurement 60

EC Sourcing Group

MAY 4, 2021

How to Streamline Sourcing from Days to Hours. When you work in procurement, one of the challenges you face is how long sourcing can take. As procurement is only one step in the supply chain, the last thing you want is to slow down the process, but very often, it can feel like things are out of your control. .

Sourcing Strategies 52

Sourcing Strategies Sourcing Supply Chain Software EC Sourcing 52

Supply Chain Game Changer

OCTOBER 28, 2021

Featuring Our 12 Best Procurement Articles! Procurement is a function that is undergoing an exciting transformation in the majority of global value chains; simultaneously, within its own strategy, process, and technology. This is an exciting time to be a procurement practitioner, as well as a vendor of ProcureTech solutions.

Optimal Sourcing 89

Optimal Sourcing Procurement Supply Chain Planning Software Modeling Software 89

Precoro

NOVEMBER 7, 2022

In order to run a successful business, you need a dedicated procurement team to obtain these essential goods and services, ensure timely delivery, and nurture good relationships with your vendors. Paying for offices, utilities, technology subscriptions, and cleaning services is also part of the procurement team's responsibility.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Solutions Optimal Sourcing Procurement Analytics 52

EC Sourcing Group

JULY 28, 2020

Objectives of Procurement Management. The objectives of procurement management can range from the most general, such as “buying goods and services,” to the more complex, such as “supporting organizational goals within the team.” What Is Procurement Management? Objectives of Procurement Management: Managing Contracts.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 52

EC Sourcing Group

OCTOBER 5, 2021

How to Streamline Your Procurement Process from Weeks to Hours. When contract management and procurement software first arrived on the scene, overnight it became an easy way to streamline the procurement process. Businesses didn’t have to rely on excel, emails, conversations, and word documents as much as they did in the past.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 52

SCMDOJO

MARCH 19, 2024

In essence, a structured supply chain department as described in the blog can help you deliver the right supply chain strategy and goals which helps cost reduction, improve customer service, on-time delivery, and better working capital. Watch What is Marketing Procurement? on our SCMDOJO YouTube Channel!

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

EC Sourcing Group

DECEMBER 29, 2020

Procurement software covers a lot of bases, and there are many facets to procurement management that could potentially be streamlined and automated if you haven’t done so already. Every procurement and purchasing department is different, and thus, everyone has a different set of needs and standards. Have inventory management.

Procurement Solutions 52

Procurement Solutions Inventory Management Software Analytics Software Modeling Software 52

SYSPRO Smarter ERP

AUGUST 2, 2023

From stringent quality standards to comprehensive documentation requirements, Class 1 and 2 manufacturers must navigate a complex landscape to ensure compliance and product excellence. ERP analytics also facilitate the management of the purchasing process through the requisition approval workflow, streamlining procurement activities.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Analytics Analytics Software Optimal Sourcing 98

QAD

MAY 23, 2023

This sounds simple enough, but we all know it’s a very complex issue and that’s partially because ESG concerns touch every part of the value chain, from the field or mine where raw materials are sourced to the packaging and transport modes used to bring your finished product to market. The International Labor Organization reports that 27.6

Procurement Solutions 94

Procurement Solutions Supply Chain Planning Software Supplier Management Modeling Software 94

ivalua

JUNE 2, 2016

Niul Burton wrote a great article in Industry Week titled “Procurement 2025: 10 Challenges that Will Transform Global Sourcing”. For those of you who are executives in Supply Chain, Procurement or New Product Introduction/Development, this is a must read. We are not your father’s traditional Procure-to-Pay solution.

Manufacturing Procurement 100

Manufacturing Procurement Procurement Supply Chain Planning Software Predictive Analytics Software 100

Supply Chain Shaman

APRIL 15, 2020

My last post on the Supply Chain Shaman blog was forty-five days ago. My first focus was on China sourcing. China was the source of over 90% of PPE.) As I watch the news and work on client documents in my quarantine, I try to manage my emotions. Document your supply chain black holes. Today, I am reflective.

Supply Chain Planning Software 427

Supply Chain Planning Software Supply Chain Design Software Modeling Supply and Demand 427

EC Sourcing Group

NOVEMBER 17, 2020

When you’re trying to control the entire procurement process within the supply chain, you want to make sure that you have the best software for your needs at your side so that everyone—you, vendors, and suppliers, are getting their needs met within the supply chain. Procure-to-pay operations. Thus, you’ll see a lot of: eSourcing tools.

Procurement Solutions 52

Procurement Solutions Supply Chain Software Supply Chain Planning Software Forecasting Software 52

Supply Chain Game Changer

AUGUST 5, 2021

In 2021, procurement organizations will require inspirational, innovative, and pragmatic leaders to ensure procurement excellence. Ounces | Sustainable Procurement Initiatives. Supplier management should always be anchored in broader sustainability & responsible procurement initiatives. 4 tsp | Supplier Segmentation.

Supplier Management 98

Supplier Management Optimal Sourcing Sourcing Strategies Vendor Strategies 98

Supply Chain Game Changer

FEBRUARY 16, 2020

Looking back on the training process, our research, strategy, implementation and evaluation methods closely mirrored supplier relationship management and procurement management. In fact, it made me think of a specific chapter I read from Magnus Carlsson’s Strategic Sourcing and Category Management: Lessons Learned at IKEA.

Optimal Sourcing 54

Optimal Sourcing Procurement Purchasing Skills Pricing Training 54

Supply Chain Game Changer

JULY 3, 2019

Sustainability is created at the source of our products, services, and consumption. Sustainability is created from Responsible Sourcing. How can you make Responsible Sourcing a Reality? If you can excite the people around you about sourcing responsibly, chances are you’ll be able to formulate a network of internal champions.

Sourcing Strategies 58

Sourcing Strategies Purchasing Skills Sourcing Sustainability 58

EC Sourcing Group

MARCH 29, 2022

eSourcing is such an essential part of procurement. When eSourcing is optimized, it can positively affect procurement and the overall supply chain. eSourcing is sourcing done digitally—tools that aim to simplify, streamline, and improve procurement and strategic sourcing overall.The eSourcing software you use is also important.

Optimization Software 52

Optimization Software Supply Chain Software Optimal Sourcing Tools 52

QAD

AUGUST 16, 2022

With the waves of challenges undermining supply chains across all industries, businesses need improved supplier collaboration, optimal sourcing and quicker ways to respond to shifts in supply and demand. QAD SRM delivers the tools to improve real-time communication and procurement processes and to counteract supply risks.

Optimal Sourcing 94

Optimal Sourcing Supply Chain Software Manufacturing Procurement Supply Chain Design Software 94

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

HICX Solutions

FEBRUARY 26, 2020

In fact, according to a survey carried out by PayStream Advisors , 39% of enterprise-level (companies with revenues greater than $2bn) procurement and sourcing professionals listed ‘increasing supply chain efficiency’ as their main aim when it comes to managing suppliers.

Optimal Sourcing 40

Optimal Sourcing Supply Chain Network Software Procurement Sourcing Strategies 40

Supply Chain Shaman

DECEMBER 30, 2014

Intellectually, while I will know that year has changed, I will screw-up time, and time, again by writing 2014 on documents for many, many months. So, in this blog, I would like to reflect on what I have learned in this process. … this is the last blog of 2014. It is my 300th blog post on the Supply Chain Shaman.

Agile and Lean Supply Chain 287

Agile and Lean Supply Chain Supply Chain Strategy Manufacturing Procurement Supply Chain 287

EC Sourcing Group

DECEMBER 28, 2021

Underneath the umbrella of supply chain management are procurement and the sourcing of goods and materials. When this is performed electronically through the internet, it is known as eSourcing or electronic sourcing. Spend management tools that are in your procurement or sourcing suite can help you make informed decisions.

Analytics Software 52

Analytics Software Optimization Software Supply Chain Software Optimal Sourcing 52

EC Sourcing Group

DECEMBER 28, 2021

Underneath the umbrella of supply chain management are procurement and the sourcing of goods and materials. When this is performed electronically through the internet, it is known as eSourcing or electronic sourcing. Spend management tools that are in your procurement or sourcing suite can help you make informed decisions.

Analytics Software 52

Analytics Software Optimization Software Supply Chain Software Optimal Sourcing 52

QAD

MAY 24, 2023

Automate Your Procurement and Sourcing Efforts Procurement and sourcing are core supply chain activities, as it affects almost every aspect of your company’s operations and profit margins. Yet, so often, purchasing and sourcing teams have to rely on manual processes and outdated tools.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chain Design Software Optimal Sourcing 52

EC Sourcing Group

SEPTEMBER 27, 2022

Not long ago, sourcing was still an “analog” process, with a lot of back-and-forth communication via phone calls, emails, and meetings in person. Technology has finally caught up with sourcing and procurement—evolving processes by leaps and bounds in a relatively short amount of time. eSourcing Platforms : The Must-have Tools.

Analytics Software 52

Analytics Software Procurement Solutions Supply Chain Software Procurement Analytics 52

QAD

JULY 13, 2023

With integrated modules encompassing inventory management, production planning, procurement, quality control, and more, manufacturers can gain real-time visibility into their operations, enabling better decision-making. The post Why Food Manufacturers Should Embrace Cloud-based ERP Now More Than Ever appeared first on QAD Blog.

Manufacturing Procurement 88

Manufacturing Procurement Optimal Sourcing Analytics Software Supply Chain Planning Software 88

QAD

JUNE 29, 2023

This means involving stakeholders from across the company, including engineering, manufacturing, procurement, quality, maintainability, serviceability and sustainability, plus key suppliers. Documenting this knowledge is crucial for retaining intellectual property and facilitating future design improvements.

Price Reduction 94

Price Reduction Sourcing Strategies Expense Reduction Resource Reduction 94

Supply Chain Matters

AUGUST 30, 2023

The Ferrari Consulting and Research Group, via its affiliated Supply Chain Matters blog calls reader attention to two recently published research papers that address evidence of ongoing shifts in global supply component and end production sourcing. imports peaked at 21.6 percent in 2017 and have since fallen to 16.5 percent in 2022.

Sourcing Strategies 59

Sourcing Strategies Global Price Reduction Vietnam 59

Supply Chain Game Changer

NOVEMBER 26, 2018

Blog post originally created and published by, and permission to publish here provided by, Sam Jenks at [link] . Check out Procurement Report Card: Most Executives Think Procurement Isn’t Strategic Enough! In 1995 IKEA faced an organizational shift in purchasing and sourcing methodology. Subscribe Here!

Procurement Analytics 43

Procurement Analytics Optimal Sourcing Procurement Purchasing Skills 43

SYSPRO Smarter ERP

AUGUST 1, 2022

A BOM may be a relatively simple document or a complex, multi-levelled product description made from multiple sub-assemblies. Procurement planning : It has to do with ensuring that business purchases arrive promptly and in the right quantities. It records all the parts, materials, and processes used on the factory floor.

Optimal Sourcing 111

Optimal Sourcing Inventory Management Software Material Savings Manufacturing Procurement 111

EC Sourcing Group

NOVEMBER 1, 2022

Having the right RFP solutions for manufacturing can streamline your overall sourcing and procurement processes, keeping a stable supply chain. Read on to learn more about RFP solutions for manufacturing , what RFP software is , and what the best RFP management software is that has tools to fulfill your procurement needs. .

Manufacturing Procurement 52

Manufacturing Procurement Procurement Solutions Analytics Software Supply Chain Software 52

EC Sourcing Group

APRIL 26, 2022

The eTendering process is an integral part of procurement and the overall supply chain. eTendering, also known as eSourcing , is simply the act of conducting procurement online—namely, receiving and sending tenders using an online platform, like tender process software. We want you to reimagine the way you think about procurement.

Optimal Sourcing 52

Optimal Sourcing Material Savings Cost Reduction Strategies Procurement Solutions 52

Precoro

APRIL 18, 2023

In this blog post, we'll answer the following questions: What is supply chain visibility? Shipping Rates Delivery cost makes up a significant part of a company’s procurement expenses, so visibility is essential for taming the spending. It might be a good idea to document these workflows to prevent possible confusion.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Real-time Visibility Supply Chain Software 98

EC Sourcing Group

JUNE 7, 2022

Everyone in the procurement and purchasing fields knows that sourcing is generally a process of getting the best product from top suppliers with good terms and price. When using advanced eSourcing tools, you’ll have a comprehensive eSourcing dashboard, a web-based, online platform where you’ll advertise sourcing needs.

Procurement Solutions 52

Procurement Solutions Optimization Software Supply Chain Software Optimal Sourcing 52

QAD

JANUARY 19, 2023

E-commerce brands must oversee design, manufacturing, sourcing, warehouse inventory, shipping and delivery. Supply chain management is typically broken into three large buckets of intricate processes and roles: Concept: the full cycle, from sourcing and procurement to fulfillment.

Supply Chain Planning Software 95

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 95