Precoro

OCTOBER 2, 2023

The procurement landscape is ever changing, and recently, in contrast to the traditional procure-to-pay platforms, we have seen the emergence of a new type of software solution, intake-to-pay, which is marketed as a more comprehensive solution. But hold on: are we sure that wasn't all possible with procure-to-pay, anyway?

Procurement Solutions 59

Procurement Solutions Procurement Analytics Optimal Sourcing Supply Chain Design Software 59

OptiProERP

MAY 18, 2023

So what is procurement? Procurement is acquiring goods, services, or works from an external source. Procurement can be done by a government agency, a private organization, or an individual, and it can involve purchasing anything from pencils to complex machinery. What Are the Types of Procurement?

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Negotiate Pricing Procurement Solutions 52

GlobalTranz

APRIL 25, 2016

Sure, supply chain cost reduction is important in reducing the cost of goods sold (COGS) and increasing profit, but there are other measurements which should not be forgotten. 3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. Review Inventory turns and Return on Assets. Read more. .

Procurement Analytics 120

Procurement Analytics Supply Chain Performance Metrics Supply Chain Software 120

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. Simple sourcing takes less time to execute and requires fewer resources to plan, but can cost more down the road.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

Precoro

SEPTEMBER 6, 2021

This month, we continue our Procurement Basics series and would like to introduce our readers to yet another set of often misused business terminology. As both sourcing and procurement are related to obtaining supplies for the organization, confusing these two terms is easy. Procurement. What Is Procurement Process?

Optimal Sourcing 97

Optimal Sourcing Manufacturing Procurement Purchasing Skills Procurement Solutions 97

Enterra Insights

NOVEMBER 26, 2019

Not surprisingly, companies that employ advanced analytics to improve decision making and execution have the results to show for it.”. One of the new tools available to decision makers is predictive analytics. Leveraging predictive analytics is as close as business leaders will come to having a crystal ball.

Predictive Analytics 100

Predictive Analytics Predictive Analytics Software Analytics Software Procurement Analytics 100

ToolsGroup

MAY 11, 2022

Leaders surveyed in third annual ToolsGroup and CSCMP report are “extremely concerned” about external supply chain threats but lack people to make transformation succeed. Supply chain delays (25%), surging inflation (24%) and escalating fulfillment costs (19%) top the list of external concerns. About CSCMP.

Purchasing Skills 295

Purchasing Skills Buyer Training Supply Chain Software Supply Chain Planning Software 295

Alloy

FEBRUARY 4, 2024

Get More Out of Your Kroger 84.51° and Market6 Data How Automation and Advanced Metrics You Won’t Get in 84.51° can help you grow your sales at Kroger and avoid inventory headaches. As such, optimally managing your sales and inventory at Kroger is essential to grow your brand and solidify its foothold with the end consumer.

Procurement Analytics 52

Procurement Analytics Analytics Software Optimal Sourcing Forecasting Software 52

Precoro

JANUARY 30, 2023

As a company slowly grows, purchase management becomes more and more complicated. The need to manually create, store, manage, and analyze the ever-growing purchase orders and all associated documents can be pretty cumbersome. Plus, find a comparison table of some free purchase order software and paid programs.

Procurement Solutions 52

Procurement Solutions Inventory Management Software Supply Chain Planning Software Supply Chain Software 52

ThroughPut

JUNE 8, 2021

SKU Optimization: Work Smart, Not Hard To Optimize Inventory. Are you still spending hours on hours sorting through your inventory list and still getting nowhere? And more than that, it’s time to rethink your inventory strategy for the better. First things first: Understanding inventory. Looking to reduce inventory costs?

Inventory Reduction 98

Inventory Reduction Price Mitigation Strategies Optimization Software Vendor Strategies 98

ThroughPut

FEBRUARY 23, 2024

A report by McKinsey shows that early adopters of AI in the supply chain have improved their inventory levels by 35%, reduced logistics costs by 15%, and enhanced service levels by 65%, vis-a-vis competitors who were slow to embrace AI. Inventory pile-ups. Unsold products on store shelves.

Predictive Analytics Software 59

Predictive Analytics Software Supply Chain Planning Software Optimal Sourcing Predictive Analytics 59

Precoro

SEPTEMBER 4, 2023

By learning how to calculate it and change it to their advantage, companies can accelerate cash inflow and free up money that would otherwise be tied up in inventory. 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.

Optimal Sourcing 59

Optimal Sourcing Negotiate Pricing Inventory Reduction Material Savings 59

EazyStock

FEBRUARY 11, 2021

Better Inventory Management for eCommerce. As more and more businesses sell online, they are starting to see the impact that eCommerce has on their inventory management operations. In this post we discuss how eCommerce is affecting inventory management strategies. eCommerce impacts inventory management in many ways.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Inventory Management Price Reduction 52

GlobalTranz

MAY 20, 2015

The next posts in the series will break down metrics and issues to consider in SQM by industry and conclude with a case study on the application of SQM. We hope these posts keep you on top of your game and informed. . 5 Key Metrics to Use for Scoring Supplier Quality Management (From LNS Research ). Cost of quality.

Procurement Analytics 120

Procurement Analytics Metrics Quality Supply Chain Planning Software 120

ThroughPut

JUNE 8, 2021

SKU Optimization: Work Smart, Not Hard To Optimize Inventory. Are you still spending hours on hours sorting through your inventory list and still getting nowhere? And more than that, it’s time to rethink your inventory strategy for the better. First things first: Understanding inventory . Try inventory optimization!

Inventory Reduction 52

Inventory Reduction Price Mitigation Strategies Optimization Software Vendor Strategies 52

EazyStock

OCTOBER 10, 2018

Processing a large volume of information the main benefit of big data analytics. It is tempting to draw a comparison between big data and master data management (MDM) as the two terms are interconnected, but they are different. Master data manages core information that is critical for business processes.

Inventory Management Software 45

Inventory Management Software Big Data Inventory Management Supply Chain Planning Software 45

Precoro

JUNE 6, 2022

Vendors typically provide items ready to go for sale and can be inventoried. Suppliers are your go-to for finding raw materials if you are procuring supplies for production. Vendor management is focused on getting the most value from acceptable costs. Introduce metrics for evaluating whether KPIs are met and standards achieved.

Manufacturing Procurement 98

Manufacturing Procurement Purchasing Skills How To Procurement Solutions 98

Hybrent

MARCH 6, 2019

Healthcare supply chain management software has the potential to improve efficiency and delivery cost savings. It contains a wealth of information about vendors, and it digitizes and automates many processes that are still analog and manual in nature. Electronic Procurement. Inventory Management. Invoice Matching.

Supply Chain Software 40

Supply Chain Software Inventory Management Software Optimization Software Procurement Solutions 40

Unleashed

MAY 4, 2022

Read more on inventory management for multichannel eCommerce selling The 15 most important benefits of eCommerce to business. Purchases can be made while on the move, on impulse and in response to a particular need at that time. Costs are reduced with eCommerce Ecommerce stores are far more cost-effective than physical stores.

Inventory Management Software 97

Inventory Management Software Supply Chain Planning Software Supply Chain Design Software Demand Planning Software 97

Supply Chain Shaman

OCTOBER 29, 2014

The consulting team pitches a theme–vision of supply chain best practices, big data analytics, or demand-driven value networks– to the executive team, and a new project is initiated. This new solution was favored by the Information Technology (IT) organization. The first step in the journey is a kick-off meeting.

Supply Chain Planning Software 309

Supply Chain Planning Software Modeling Demand Planning Software Optimization Software 309

Enterra Insights

SEPTEMBER 6, 2018

For example, one often reads about companies collecting an ocean of big data; and, it’s a fitting comparison. Big data is both wide and deep and skimming the surface never provides the insights that can be obtained through advanced analytics. Cognitive computing adds a fourth, more advanced, category — prescriptive analytics.

Prescriptive Analytics Software 100

Prescriptive Analytics Software Data Predictive Analytics Analytics Software 100

Vinculum

JULY 6, 2021

The importance of free returns is highlighted in various reports by giant business retailers. In a 2018 report from KPMG, more than 67% of online customers expect free returns, which is a 5% increase in comparison with 2016 and 2017. Higher in-store sales and future purchases. More repeated customers. The takeaway.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Modeling Software Procurement Analytics 52

Supply Chain Game Changer

NOVEMBER 19, 2018

From planning to negotiating to buying, from moving goods to processing goods, and from managing data to managing inventory. While every function must help your company grow and prosper when the heat is on uninformed Executives can view Supply Chain as merely a Cost Centre. And the reality is that Supply Chain must be cost-effective.

Negotiating Skills 84

Negotiating Skills Cost Reduction Strategies Purchasing Skills Inventory Reduction 84

Hybrent

MARCH 6, 2019

Hospital supply chain management software has the potential to improve efficiency and delivery cost savings. It contains a wealth of information about vendors, and it digitizes and automates many processes that are still analog and manual in nature. Electronic Procurement. Inventory Management. Invoice Matching.

Supply Chain Software 40

Supply Chain Software Inventory Management Software Optimization Software Procurement Solutions 40

Unleashed

JUNE 26, 2019

Great business reports need to be clear and well-structured. Before writing your report, you need to be clear on your brief, who the report is being written for and why. Is it decision-making based on the information presented, requesting an agreement to recommendations made or some other action? Inventory reporting.

Procurement Analytics 63

Procurement Analytics Inventory Management Software Report Inventory Reduction 63

Unleashed

SEPTEMBER 11, 2019

Your business is reliant on a supplier to provide you with the necessary inventory stock. But the supplier is also reliant on your business to purchase goods from them. You can use this information to evaluate how they stack up in comparison to your other suppliers. A lack of transparency.

How To 63

How To Procurement Analytics Comparison Procurement Solutions 63

EMERGE App

OCTOBER 25, 2018

Inventory costing or valuation is an accounting concept that has a direct impact on your gross profit and thus taxable income. Methods of valuing inventory are simply different cost-flow assumptions about how to allocate your cost of goods available for sale. Why Inventory Costing is Important.

Purchasing Skills 58

Purchasing Skills Inventory Procurement Solutions Procurement Analytics 58

Requis

MARCH 10, 2020

With an uptick in media reports on environmental crises like the Australian bush fires of 2019, there has been a renewed sense of urgency on climate change issues. – UN report: Global Resources Outlook 2019. Based on a number of sources, we estimate that the Global 2000 spends around $12T annually on procurement of new assets.

Manufacturing Procurement 52

Manufacturing Procurement Material Savings Sustainability Waste Reduction 52

Logistics Bureau

SEPTEMBER 4, 2023

When costs begin to spiral out of control, the result is usually a loss of revenue in proportion to sales. Potential Factors in Declining Margins To get to the root of the problem, understanding the costs of production or purchasing will be a necessary starting point, but typically, more information will be needed.

Negotiating Skills 74

Negotiating Skills Purchasing Skills Cost Reduction Strategies Analysis 74

Supply Chain Shaman

APRIL 15, 2015

The study is primarily a comparison of best-of -breed solution providers (Logility, JDA, Kinaxis and OM Partners) versus SAP and Oracle. This week, I am finishing two reports: Sales and Operations Planning, and Inventory Optimization. These two reports will make all the vendors in the industry angry. Definitions Matter.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 150

EMERGE App

NOVEMBER 16, 2020

With multiple ways of labeling inventory within the business, it can be arduous to pick a solution that will work perfectly. It’s a great way of managing product catalogs and inventory within the business. Therefore, if the clients prefer attaining logical information, the SKU should have this information initially.

Inventory Reduction 59

Inventory Reduction Inventory Management Software Price Reduction Supply Chain Design Software 59

Supply Chain Shaman

AUGUST 26, 2015

Vendor Managed Inventory processes–once hailed as the panacea of demand sensing–largely operate in isolation within sales organizations (of the thirty-three organizations that we interviewed last year, no market leader has connected these demand signals). And, what will signal an upturn?”

Supply and Demand 150

Supply and Demand Forecasting Modeling Forecasting Software 150

ShipBob

JULY 30, 2021

Imagine this scenario: A customer browses sunglasses on your online store but leaves without making a purchase. L ater, while they’re browsing through their Instagram feed, they notice an ad displaying a previously viewed product and a 20% discount off their first purchase. They click on the ad, which leads to a purchase.

Omnichannel 52

Omnichannel Inventory Management Software Forecasting Software Optimization Software 52

Logistics Bureau

AUGUST 16, 2017

I promised delegates that I would share some further information on my topic of ‘Does your Hospital Supply Chain Stack up’ The focus of the presentation was really to encourage people to look at their Supply Chains from a different perspective, but we also looked at some KPIs and ‘opportunity’ areas. Improvement Areas.

Pharmaceutical 0

Pharmaceutical Supply Chain Benchmarking Supply and Demand 0

EMERGE App

JANUARY 15, 2021

Whether you run a multinational or a micro-enterprise , you agree with me that a healthy inventory is a crucial ingredient of business success. Management of costs, sales, or even relationships all depend on it. So if you can keep a crisp inventory, there will be fewer hurdles for your business. . What is an average inventory?

Inventory Reduction 52

Inventory Reduction Inventory Inventory Management Software How To 52

Freightos

APRIL 16, 2015

Real-time access to information in the warehouse can fundamentally change how logistics employees work. Next-Shoring, in which products are developed and produced closer to where they are sold, reducing inventory and shipping costs. TechRepublic , @lyndseygilpin ]. Augmented Reality : Google Glass is just the beginning.

Logistics Network Optimization Software 120

Logistics Network Optimization Software Supply Chain Software Optimization Software Supply Chain Network Software 120

Precoro

JANUARY 15, 2024

Every procurement professional faces a time when they have to make a purchase in unfamiliar territory. Typically, it starts when an employee creates a purchase requisition to notify the department manager of the need for new goods or services. That’s when RFQs and RFPs come into play.

Purchasing Skills 59

Purchasing Skills Procurement Solutions Manufacturing Procurement Vendor Strategies 59