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

The Logistics & Supply Chain Management Society

AUGUST 20, 2020

Procurement. Procurement can also have RPA do dynamic searches of websites to source or conduct market research for future buys and tenders. Today many companies spend countless hours reviewing contracts to track and review amendments to original documents. Price Lookup and Comparison. Contract Review.

Supply Chain Software 246

Supply Chain Software Supply Chain Planning Software Optimal Sourcing Agile and Lean Supply Chain 246

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

EC Sourcing Group

OCTOBER 20, 2020

Those in the market for RFP software , performing an RFP software comparison is a wise idea, as there are features that may be in one suite or software package that may not be in another. RFP Software Comparison : What Does RFP Software Do? RFP Software Comparison : Streamlining the Process. Be integration-ready with open API’s.

Comparison 52

Comparison Procurement Solutions Analytics Software Software 52

Supply Chain View from the Field

DECEMBER 23, 2014

Spend analysis does not need to occur only on an annual basis, but can be applied also to reviews of a category or subcategory of spend that occurs when a contract is being negotiated, or when a strategic sourcing project is initiated for a particular category group. This is an important input into strategic sourcing).

Negotiating Skills 135

Negotiating Skills Purchasing Skills Procurement Analytics Analytics Software 135

Precoro

SEPTEMBER 4, 2023

Morgan Working Capital Index 2020 , there is significant capital trapped in the form of working capital that can become a vital source of additional liquidity for corporations. Higher chance of heavy reliance on external financing sources, such as loans or credit lines. According to The J.P. But how can companies unlock this capital?

Optimal Sourcing 59

Optimal Sourcing Negotiate Pricing Inventory Reduction Material Savings 59

Logility

MAY 22, 2018

Most of the boasts of DDMRP value are in comparison to the value of MRP. It is no wonder that most DDMRP success stories document the value obtained from going from simple MRP capabilities enabled through spreadsheets or ERP systems to DDMRP. This describes a very small subset of company procurement and manufacturing environments.

Optimal Sourcing 101

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Forecasting 101

Arena Solutions

MAY 31, 2020

Though BOMs can include more descriptive information too, for example, the unit of measure or procurement type. However, using spreadsheets for BOMs makes it harder to control changes, revisions, and connections to the related drawings, documentation, and related quality or project information. Sourcing Bill of Materials in Arena PLM.

Supply Chain Design Software 58

Supply Chain Design Software Manufacturing Procurement Procurement Solutions Supply Chain Software 58

NC State SCRC

AUGUST 6, 2016

Comparison to “best in class” maturity ratings of the Fortune 500, collected through Machine Based Learning methodologies developed by SCRC. Contract Management Process Documentation & Knowledge Sharing Currently, contract management group processes are not well defined or documented.

Sourcing Strategies 40

Sourcing Strategies Modeling Resource Reduction Supply Chain Strategy 40

Precoro

JANUARY 15, 2024

Every procurement professional faces a time when they have to make a purchase in unfamiliar territory. Alternatively, when an organization embarks on a new project, procurement managers are tasked with finding the ideal supplier that aligns with the project’s requirements. That’s when RFQs and RFPs come into play.

Purchasing Skills 59

Purchasing Skills Procurement Solutions Manufacturing Procurement Vendor Strategies 59

Unleashed

JANUARY 4, 2024

Product sourcing, done the right way, can set your business up with the foundations needed for achieving maximum sales. This guide will explain how product sourcing works in modern business, best practices for finding suppliers, and list some of the most popular websites and tools for sourcing goods to sell.

Purchasing Skills 52

Purchasing Skills Manufacturing Procurement Optimal Sourcing Sourcing Strategies 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

Supply Chain Shaman

AUGUST 16, 2015

The goal is deeper analytics to sense and respond across make, source and deliver. While many will compare you to SAP, it is not a comparison. The Ariba infrastructure is so heavily entrenched in indirect procurement processes that it is hard to adapt to the solution to manage direct materials in the supply chain.

Prescriptive Analytics Software 150

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

EcoVadis

MAY 12, 2016

Audit reports can be a useful input when they are part of a more comprehensive sustainable procurement program. The EcoVadis assessment takes into account internal supplier documentation and any applicable 3rd party audits to verify the deployment of policies and procedures. Source: Heineken presentation on sustainable procurement.

Optimal Sourcing 40

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

EC Sourcing Group

DECEMBER 1, 2020

Making RFPs (or request for proposals)is a necessary part of your procurement management strategy. Before the development of RFP software, purchasing and procurement departments would go through the process manually, which would take quite a bit of time and effort. Automated frequently used documents. Document tracking.

Procurement Solutions 52

Procurement Solutions Analytics Software Software Sourcing Strategies 52

Requis

MARCH 23, 2021

The pressure to be more sustainable also comes from outside sources like governments, banks and customers. Sustainability should impact procurement choices, such as favoring lower embodied carbon products over higher embodied carbon products. Safety and quality became key buying factors during procurement.

Material Savings 52

Material Savings Cost Reduction Strategies Resource Reduction Expense Reduction 52

EC Sourcing Group

JANUARY 7, 2020

It may surprise you to learn that more than 50% of all organizations continue to use spreadsheets to manage procurement activities. Create side-by-side and multi-level comparisons and analysis using current event data and/or historical data . This knowledge asset will generate sourcing savings and ensure efficiency in future events.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Waste Reduction Resource Reduction 52

Supply Chain Game Changer

JANUARY 9, 2019

Procurement, or Purchasing, is an area of Supply Chain that involves and requires very specific skills and expertise. Regardless of your position or situation it is highly valuable to understand the type of interview questions, and answers, appropriate for Procurement and Purchasing professionals. It can appear useless.

Procurement Analytics 68

Procurement Analytics Manufacturing Procurement Procurement Solutions Purchasing Skills 68

Precoro

JUNE 21, 2023

Saving and organizing documents and records for AP transactions, such as purchase orders , receipts, vendor invoices, and payment records. Such documentation provides evidence of the legitimacy and accuracy of transactions. Principle of Consistency : Financial documentation should be consistent over time.

Procurement Analytics 98

Procurement Analytics Expense Reduction Procurement Solutions Guidelines 98

Precoro

FEBRUARY 27, 2023

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. Spend analysis involves spend visibility , spending review , and procurement process improvement. Many factors may be used for conducting comparisons.

Analysis 52

Analysis Purchasing Skills Optimal Sourcing Procurement Analytics 52

Supply Chain Shaman

SEPTEMBER 23, 2016

With this in mind, in this blog, I make an argument that we, as supply chain leaders, have screwed up direct material procurement. My goal is to have supply chain leaders consider a procurement redesign for 2017. As shown in Figure 1, roughly one in two supply chain organizations have responsibility for procurement.

Material Savings 150

Material Savings Manufacturing Procurement Optimal Sourcing Vendor Strategies 150

EcoVadis

FEBRUARY 11, 2016

Here are some guidelines and tools we’ve developed over the past eight years working with over 120 procurement teams from global multi-nationals, to help you gain some insight on these questions. Data verification and document audit: Collect and audit documents. and “What can I do internally, and what should I outsource?”

Analysis 40

Analysis Modeling Software Comparison Procurement 40

QAD

APRIL 5, 2022

QAD SRM (Supplier Relationship Management) provides manufacturers and their suppliers the ability to facilitate real-time communication, improve procurement processes and reduce inbound supply risks. Additional eSignature capabilities now apply to more supplier documents.

Manufacturing Procurement 94

Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software Purchasing Skills 94

Supply Chain View from the Field

SEPTEMBER 3, 2015

However, each of these firms expressed that they would benefit from more direct discussions with the BioPreferred Program to find ways to increase the utilization of the label as a default “indicator” to be used in life cycle assessment (LCA) programs similar to the use of sustainable sourced forestry products.

Manufacturing Procurement 60

Manufacturing Procurement Chemicals Supply Chain Design Software Purchasing Skills 60

HICX Solutions

APRIL 16, 2021

As the definition of MDM highlights, establishing a ‘single version of truth’ or aiming for a ‘golden record’ – that is a master data source from which all else across the organization can be referenced – within the domain in question is a common factor that unites all MDM solutions. McGraw Hill, 2007. Single version of truth. Governance.

Analytics Software 95

Analytics Software Forecasting Software Predictive Analytics Software Optimization Software 95

Arena Solutions

MAY 15, 2020

Most product quality problems are fixed by changing the product record—the product design and the documentation that describes how to manufacture, test, and package the product. Traditional document-centric QMS systems have a major blind spot when it comes to managing the product record. View Full Comparison.

Supply Chain Design Software 52

Supply Chain Design Software Manufacturing Procurement Purchasing Skills Negotiating Skills 52

Logistics Bureau

JANUARY 9, 2020

Source: ARC Advisory Group Strategic Report. For example, they can use live weather and traffic congestion data to create more accurate, dynamic route plans, and real-time vehicle tracking can provide them with comparisons of planned versus actual route performance. AI as an Aid to Procurement Communications.

Optimal Sourcing 53

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Gartner 53

HICX Solutions

APRIL 16, 2021

As the definition of MDM highlights, establishing a ‘single version of truth’ or aiming for a ‘golden record’ – that is a master data source from which all else across the organization can be referenced – within the domain in question is a common factor that unites all MDM solutions. McGraw Hill, 2007. Single version of truth. Download Here.

Analytics Software 52

Analytics Software Forecasting Software Predictive Analytics Software Optimization Software 52

HICX Solutions

MARCH 3, 2022

In our latest webinar, in association with Procurement Leaders and featuring Costas Xyloyiannis (CEO, HICX) and Jerry Grable (Director eBusiness, BAE Systems ), we discuss a range of use cases that illustrate specifically how supplier data drives resilience, visibility and value. Single source of truth & data compliance.

Data 52

Data Sourcing Strategies Optimal Sourcing Analytics Software 52

Precoro

JULY 12, 2021

Planned PO - for orders from one source with multiple releases over time Almost identical to the previous type, except for omitting the firm delivery schedule. Image source: Oracle Choosing between a standard and blanket purchase order is among the most common challenges that procurement professionals and CFO’s face.

Purchasing Skills 98

Purchasing Skills Procurement Solutions Material Savings Optimal Sourcing 98

Claritum

JULY 31, 2018

Claritum Article - Procurement Blog. Typically, on Indirect Spend, suppliers can be engaged by users; how should these suppliers be viewed and handled by Procurement and other users? This status relates to the Procurement team reviewing a supplier that has been added to the system. Introduction. Supplier Lifecycle Management.

Supplier Management 42

Supplier Management Procurement Analytics Procurement Solutions Optimal Sourcing 42

Unleashed

DECEMBER 20, 2022

There are four main types of sales channels available for eCommerce sellers: Online shop Marketplaces Social media Product comparison sites Online shop Developing a website or mobile app is the most popular option for businesses of any size. An eCommerce business should have all the necessary policy documents in place before launching.

Modeling Software 96

Modeling Software Demand Planning Software Inventory Management Software Forecasting Software 96

6 River Systems

FEBRUARY 25, 2019

From raw materials sourcing to warehouse operations , logistics technology , order fulfillment and beyond, there are dozens of points throughout the supply chain, all of which contribute to overall supply chain efficiency. Sankar Gopinath is a digital marketer with Syndicate RFID with more than 6 years of experience in B2B marketing.

Optimal Sourcing 55

Optimal Sourcing Supply Chain Design Software Supply Chain Planning Software Optimization Software 55