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

Supply Chain Shaman

SEPTEMBER 13, 2023

I know that your primary focus is procurement. If S&OP efforts were that effective, don’t you think that we would have made more progress against inventory levels, margin, and growth? In part, this results in increasing swings in inventory in response to shifts in consumer demand as one moves further up the supply chain.

Supply and Demand 389

Supply and Demand Supply Chain Planning Software Modeling Demand Planning 389

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

My Office Apps

AUGUST 22, 2022

The Right Warehouse Management Software for Today. Having the right systems in place especially for warehouse inventory management is more crucial than ever before. One of the most important aspects being warehouse management software. How Beneficial Is your Current WMS? Customer Fulfillment Processes.

Inventory Management Software 52

Inventory Management Software Supply Chain Design Software Procurement Solutions Optimization Software 52

The Logistics & Supply Chain Management Society

AUGUST 20, 2020

A digital workforce weaves together disconnected automation tools – Robotic Process Automation (RPA), AI, and machine learning – to think, act and analyse the way a human worker would, and work alongside humans. Procurement. Purchase Order Management. Inventory Management.

Supply Chain Software 246

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

SCMDOJO

JUNE 21, 2023

SCaaS is a technology-driven approach to managing supply chains, offering comprehensive end-to-end solutions for businesses. SCaaS offers a solution by enabling hospitals to engage in strategic procurement, ensuring standardized operations throughout the contract duration. Let’s delve into this emerging concept.

Supply Chain Planning Software 89

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Optimal Sourcing 89

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

Supply Chain Shaman

AUGUST 12, 2020

When Gartner purchased AMR Research in December 2009, the methodology became the Gartner Supply Chain Top 25. Total cost analysis is more difficult than it sounds and most technology implementations automated functional measurement systems (manufacturing or procurement), but leave the organization blind on the management of total costs.

Gartner 239

Gartner Supply Chain Software Procurement Analytics Manufacturing Procurement 239

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 is represented as a period of time that indicates how long it takes a business to turn its investments in inventory into money from customers.

Optimal Sourcing 59

Optimal Sourcing Negotiate Pricing Inventory Reduction Material Savings 59

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. Why ERP Is Not Sufficient.

Optimal Sourcing 171

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Agile and Lean Supply Chain 171

Hybrent

MARCH 6, 2019

Healthcare supply chain management software has the potential to improve efficiency and delivery cost savings. If you’re in the market for healthcare supply chain management software, here are eight features to look for. Electronic Procurement. Use software to automatically identify discrepancies and ensure accuracy.

Supply Chain Software 40

Supply Chain Software Inventory Management Software Optimization Software Procurement Solutions 40

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. The solution? Unsold products on store shelves.

Predictive Analytics Software 59

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

Taulia

MARCH 2, 2023

It covers the full range of supply chain processes, from procuring raw materials to delivering the finished products to customers. Inventory is tracked and controlled in real time with inventory management software. The procurement manager places the usual order with the supplier every quarter.

Negotiating Skills 52

Negotiating Skills Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 52

Hybrent

MARCH 6, 2019

Hospital supply chain management software has the potential to improve efficiency and delivery cost savings. If you’re in the market for hospital supply chain management software, here are eight features to look for. Electronic Procurement. Use software to automatically identify discrepancies and ensure accuracy.

Supply Chain Software 40

Supply Chain Software Inventory Management Software Optimization Software Procurement Solutions 40

Precoro

JUNE 6, 2022

For example, software vendors often sell software and support services to the end-user on behalf of large IT corporations. 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. Product quantity.

Manufacturing Procurement 98

Manufacturing Procurement Purchasing Skills How To Procurement Solutions 98

Supply Chain Game Changer

SEPTEMBER 21, 2022

The Supply Chain industry provides vast employment opportunities, from procurement to warehouse inventory, management, and shipping. Below, you’ll find a comparison between one of the most prominent players and the most lucrative careers in the logistics sector. Email Address. Subscribe to Supply Chain Game Changer.

Negotiating Skills 96

Negotiating Skills Freight Purchasing Skills Optimal Sourcing 96

GlobalTranz

APRIL 25, 2016

Inventory measurement is critical and it is money after all in that it took a capital expense to procure. The goal is to keep inventory levels at a minimum to meet customer needs. Review Inventory turns and Return on Assets. Other areas to consider measuring as it relates to transportation: Managing inventory.

Procurement Analytics 120

Procurement Analytics Supply Chain Performance Metrics Supply Chain Software 120

Requis

MARCH 10, 2020

Based on a number of sources, we estimate that the Global 2000 spends around $12T annually on procurement of new assets. Digitization of supply chain is the essential step towards uniting business and sustainability goals because: It brings visibility to the asset inventory. That’s 52.5% Requis: the enterprise supply chain platform.

Manufacturing Procurement 52

Manufacturing Procurement Material Savings Sustainability Waste Reduction 52

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. What is an RFP?

Purchasing Skills 59

Purchasing Skills Procurement Solutions Manufacturing Procurement Vendor Strategies 59

Supply Chain Shaman

OCTOBER 8, 2019

Granular data by volume is a must to be able to manage replenishment, network design, and inventory targets. A simplistic view is that supply chain excellence is the trade-off of cost, inventory and customer service. The two primary buffers in the supply chain are manufacturing capacity and inventory. Time horizon. The takeaway?

Supply Chain Design Software 187

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Forecasting 187

Logility

OCTOBER 6, 2023

Integrations include cloud ERP systems, data warehouse solutions, or big data systems – such as Microsoft Azure Synapse and Snowflake – or can be driven by events or web services that make the platform more responsive. What do these drivers and advantages mean for my business?

Supply Chain Planning Software 193

Supply Chain Planning Software Modeling Software Supply Chain Network Software Optimization Software 193

SupplyOn

OCTOBER 2, 2018

SBB relies on RailSupply to significantly improve efficiency in purchasing and procurement logistics. The goal of this changeover was to significantly streamline the SBB’s purchasing and procurement logistics. Suppliers supplying several SBB divisions will benefit in particular.

Vendor Strategies 40

Vendor Strategies Optimal Sourcing Inventory Reduction Industrial 40

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

Locus

JUNE 3, 2022

parts per million, in comparison to the 1960 levels of 316.91 More time and energy is spent on forecasts to reduce inventory that is no longer in use. In the case of manufacturers, it means procuring green and sustainable raw materials. In 2021, the global atmospheric carbon dioxide levels reached a high of 416.45

Negotiating Skills 52

Negotiating Skills Negotiate Pricing Purchasing Skills Optimal Sourcing 52

Freight Plus

NOVEMBER 5, 2018

There are a number of reasons for this but the main drivers are that purchasing and outbound delivery costs are not as complicated to manage. and a properly managed freight solution can give you the visibility to not just know where your freight is going, but where you're money is hiding. Clean data capture. Freight Bill Audit.

Negotiating Skills 40

Negotiating Skills Purchasing Skills Negotiate Pricing Cost Reduction Strategies 40

Unleashed

JANUARY 4, 2024

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. Product sourcing is the process of finding reliable suppliers and purchasing inventory from them with the intention of reselling to customers.

Purchasing Skills 52

Purchasing Skills Manufacturing Procurement Optimal Sourcing Sourcing Strategies 52

ThroughPut

APRIL 6, 2020

Supply chain optimization involves finding the critical optimal solutions that can generate the most productive and lucrative organizational performance while including all possible operational constraints and bottlenecks in the process. Inventory control. What does supply chain optimization involve?

Optimal Sourcing 59

Optimal Sourcing Optimization Software Supply Chain Planning Software Supply Chain Design Software 59

ThroughPut

APRIL 2, 2020

Supply chain optimization involves finding the critical optimal solutions that can generate the most productive and lucrative organizational performance while including all possible operational constraints and bottlenecks in the process. This process usually involves the application of mathematical modeling techniques using computer software.

Optimal Sourcing 52

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

Supply Chain Matters

OCTOBER 20, 2023

They further added to growing concerns that consumers have moderated on their desires to purchase an all-electric vehicle. The industry’s news cycle has pointed to increasing inventories of unsold EV ’s at dealer lots. As a comparison, the EV automaker’s automotive gross margin, excluding regulatory credits reached a peak of 25.1

Price Reduction 52

Price Reduction Cost Reduction Strategies Inventory Reduction Purchasing Skills 52

Precoro

JUNE 21, 2023

Accounting policies and assumptions in areas such as inventory valuation methods, depreciation methods, and criteria for estimating fair value. Trade payables typically refer to amounts owed for purchases of inventory or other goods and services directly related to the company's core operations.

Procurement Analytics 98

Procurement Analytics Expense Reduction Procurement Solutions Guidelines 98

Supply Chain Game Changer

AUGUST 30, 2022

Many businesses use some form of Total Cost of Ownership model to support their Procurement and sourcing decisions. MOQ, Safety Stock) Performance (quality, delivery, responsiveness) Inventory positioning (eg. Subscribe to Supply Chain Game Changer. The Single Point of Failure in Supply Chain – Semiconductor Fabrication!

Optimal Sourcing 103

Optimal Sourcing Purchasing Skills Manufacturing Procurement Negotiating Skills 103

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. The answer is simple: spend analysis.

Analysis 52

Analysis Purchasing Skills Optimal Sourcing Procurement Analytics 52

Supply Chain View from the Field

SEPTEMBER 3, 2015

The global apparel sector’s effort resulted in the development of the Higg Index, a universally accepted LCA tool and life cycle inventory database. The costs and time for individual firms to garner the life cycle inventory data from global suppliers can be cost prohibitive and time demanding. Annual reporting.

Manufacturing Procurement 60

Manufacturing Procurement Chemicals Supply Chain Design Software Purchasing Skills 60

GlobalTranz

NOVEMBER 17, 2016

Inventory location and management. Transportation modes used in procurement and shipping. Distribution of goods prior to purchase. As explained in a previous blog post, continuous improvement in an organization can be achieved through the use of performance measurement tools via big data. Increasing order efficiency.

Supply Chain Design Software 120

Supply Chain Design Software Big Data Supply Chain Software Continuous Improvement 120

ShipBob

JANUARY 8, 2021

Today, the scenario is quite different as 73% of B2B buyers are millennials who prefer the convenience of purchasing bulk orders online. B2B orders are often purchased less often, sold in bulk, and shipped via freight (or parcel for smaller orders). B2B orders are often repeat purchases done in bulk and ordered less frequently.

Inventory Management Software 96

Inventory Management Software Supply Chain Design Software Optimization Software Logistics Network Optimization Software 96

QAD

APRIL 5, 2022

QAD is excited to announce the general availability of QAD Adaptive ERP 2022, the latest version of QAD’s next generation ERP solution that includes the Adaptive User Experience (UX) and the QAD Enterprise Platform.

Manufacturing Procurement 94

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

Intelligent Audit

OCTOBER 28, 2021

Difficulty managing inventory and issues with corroborating inventory with orders and maintaining good stock levels. Supplier deliveries took a bit of a dive and slowed down considerably over the course of the pandemic, while the rate of purchase and consumption only grew.

Cost Reduction Strategies 52

Cost Reduction Strategies Purchasing Skills Supply Chain Planning Software Optimal Sourcing 52