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

Talking Logistics

JUNE 30, 2015

In the last decade, many companies, especially those with manufacturing operations, have evolved direct materials sourcing from an administrative function to a strategic procurement process. As a strategic process, transportation procurement may still seem very tedious and challenging. Allow carriers some flexibility in bidding.

Negotiating Skills 100

Negotiating Skills Manufacturing Procurement Material Savings Procurement 100

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. Strategic sourcing involves the meticulous evaluation of suppliers and the overall procurement process to extract maximum value from both. Create a purchasing process.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

Supply Chain Shaman

NOVEMBER 11, 2020

They are impatient that they know more about pizza’s status for lunch before their zoom meeting than the inbound shipment status for their critical manufacturing run. Job satisfaction wanes as the days filled with an endless cycle of meetings, with many not useful. Millennials are growing in numbers in the supply chain.

Supply Chain Design Software 297

Supply Chain Design Software Procurement Solutions Manufacturing Procurement Supply Chain Planning Software 297

Supply Chain Shaman

JUNE 1, 2022

Comparison of Business Results to Peer Group of the 2022 Gartner Top 25 Winners. As a result, the river of demand becomes dirty and turbulent as demand flows through the organization to procurement. In this process, all of the targets are changed to meet the budget. (In Is this leadership? I think not.

Supply Chain Planning Software 195

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Scenario Planning 195

SCMDOJO

JUNE 21, 2023

SCaaS offers a solution by enabling hospitals to engage in strategic procurement, ensuring standardized operations throughout the contract duration. Two fundamental questions arise: the definition of procurement outsourcing and the most efficient approach to its implementation.

Supply Chain Planning Software 89

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

EC Sourcing Group

DECEMBER 13, 2021

There would be phone calls, faxing, and filing, but today, eSourcing software has streamlined that process to make procuring auction vendors much more efficient. Auction Vendors: Differences Between Sourcing vs. Procurement. The words sourcing and procurement are often used interchangeably. Side-by-side comparisons.

Purchasing Skills 52

Purchasing Skills Optimal Sourcing Sourcing Strategies Negotiating Skills 52

Logility

APRIL 2, 2020

However, if lead times tend to be very short for some suppliers and longer for others, an average will generate an irrelevant basis of comparison. Building a new supplier scorecard program can have a major impact on the costs and value of your procurement and purchasing functions. In this case, calculate percentile ranks.

Negotiating Skills 157

Negotiating Skills Supply Chain Planning Software Supply Chain Design Software Purchasing Skills 157

EC Sourcing Group

MARCH 12, 2023

Read more – Procurement Software Guide Metrics for supplier performance analysis Let’s look at some of the key categories and associated metrics that can be used to assess supplier performance. QUALITY: The quality of goods and services provided by the supplier, as well as the supplier’s delivery performance and accuracy.

Procurement Analytics 52

Procurement Analytics Purchasing Skills Procurement Solutions Supply Chain Planning Software 52

Supply Chain Shaman

DECEMBER 28, 2020

Days of Inventory Comparison. In short, his vision of an end-to-end supply chain was transactional: better processing of order-to-cash and procure-to-pay. Meeting the market needs of COVID-19 caused organizations to rally, work together, and build a better supply chain through brute force. The So What?

Supply Chain Planning Software 411

Supply Chain Planning Software Forecasting Forecasting Software Modeling 411

Precoro

JUNE 6, 2022

Suppliers are your go-to for finding raw materials if you are procuring supplies for production. In today's competitive and fast-paced world, it’s essential to build good relationships with your partners to stay flexible and meet the market’s requirements. When to Work With Vendors. How to Manage Vendor and Supplier Relationships Well.

Manufacturing Procurement 98

Manufacturing Procurement Purchasing Skills How To Procurement Solutions 98

Supply Chain Shaman

SEPTEMBER 17, 2014

While the performance rankings were based on comparisons of inventory turns, operating margin and Return on Invested Capital (ROIC) for the periods of 2006-2013 and 2009-2013, the concept is that to be a supply chain leader you must outperform and drive improvement. We see that nine out of ten companies are stuck. What should we watch for?

Optimal Sourcing 301

Optimal Sourcing Supply Chain Design Software Supply Chain Planning Software Manufacturing Procurement 301

Supply Chain Shaman

JUNE 14, 2018

PFEP optimizes the policies that define how to procure each part. PFEP enables supply chain leaders to glean a 360-degree view of their inventory and procurement policies to maximize the value of each inventory dollar. MRP logic is a transactional planning tool for procurement. There are 31 winners.

Optimal Sourcing 169

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Agile and Lean Supply Chain 169

Logility

MAY 22, 2018

Most of the boasts of DDMRP value are in comparison to the value of MRP. DDMRP can reduce finished goods lead-times and inventory if your product lead-times can be reduced to meet customer replenishment lead-times. 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

Taulia

MARCH 2, 2023

It covers the full range of supply chain processes, from procuring raw materials to delivering the finished products to customers. A strategic approach to supply chain operations seeks to align the supply chain components to meet specific, predetermined business goals.

Negotiating Skills 52

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

Enterra Insights

MAY 31, 2019

To meet changing consumer behavior, retailers are finding omnichannel strategies essential. Most of us still trusted brick-and-mortar stores, we didn’t have price comparison services, and we were at the mercy of large corporations for discounts.”[2] “Customize services to meet customer needs. Footnotes. [1]

Price Reduction 100

Price Reduction Cost Reduction Strategies Sourcing Strategies Omnichannel 100

ThroughPut

FEBRUARY 23, 2024

In short, AI for demand forecasting facilitates the creation of an agile ecosystem where companies can predict demand in real-time and can quickly adapt to meet the changing demands of their customers. You need to balance between meeting demands optimally and adopting cost-effective production means. You can read more about it here.

Predictive Analytics Software 59

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

Precoro

SEPTEMBER 4, 2023

In general, if a company has a long CCC, it indicates that it is either locking its resources in inventories or taking a very long time to collect payments from customers, which can lead to: Difficulties in fulfilling short-term obligations like paying suppliers and meeting operational expenses. Prevention of human errors.

Optimal Sourcing 59

Optimal Sourcing Negotiate Pricing Inventory Reduction Material Savings 59

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. In comparison, the poorest-performing companies in the lowest quartile had a range of working capital between 23% and 39% as a percentage of revenues.

Procurement Analytics 120

Procurement Analytics Supply Chain Performance Metrics Supply Chain Software 120

Precoro

MAY 8, 2023

We had the chance to discuss the school's initial approach to procurement compared to its new, automated process using software with Caroline Hickey, Business Associate at CCPCS. Let's discover their procurement journey from a manual approach to an automated process. Hickey joined Capital City in the summer of 2021.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Price Reduction Vendor Strategies 52

Supply Chain Network

MARCH 2, 2012

Emptoris solutions bring more intelligence to procurement and supply chain operations with spend, supplier and contract management for Smarter Commerce. Smarter Commerce helps organizations that are struggling to meet the demands of a rapidly changing market. Extends Smarter Commerce capabilities to Chief Procurement Officers.

Optimal Sourcing 79

Optimal Sourcing Modeling Negotiating Skills Manufacturing Procurement 79

Supply Chain Game Changer

AUGUST 13, 2020

Many supply chain, sourcing & procurement teams have been asked to row upstream without a paddle during this time of crisis. An organization with McDonald’s global footprint is likely able to apply global agile procurement frameworks, and solve supply-demand challenges more effectively during abnormal circumstances.

Agile and Lean Supply Chain 121

Agile and Lean Supply Chain Supply Chain Strategy Global Supply Chain Design 121

GlobalTranz

JANUARY 30, 2015

If portions are supplied from other parties, it is vital to expose possible exceptions or differences in interpretations of the data provided in comparison to what you control. In order to be truly accurate long term, the source data should be available for you or your provider to directly scrutinize. How is the data provided?

Transportation 120

Transportation Data Analytics Software Optimal Sourcing 120

Jaggaer

APRIL 18, 2019

in 2018) and expectations of cost and efficiency savings growing faster than ever, that is the reality faced by procurement professionals. Unfortunately, the survey revealed a clear misalignment between these concerns and what the CPO Agenda terms “procurement critical development priorities”. Improve procurement function agility.

Optimal Sourcing 78

Optimal Sourcing Analytics Software Procurement Predictive Analytics Software 78

Proxima

MAY 31, 2019

At Proxima, we’ve therefore been trying to envision what the future of procurement could look like and how Commercial teams can influence their organisations to drive ever more value out of their supply chains. High tech vs. skill sets. Is the public sector being left behind? The post The future’s bright…but are we staring at the sun?

Negotiating Skills 40

Negotiating Skills Buyer Training Supply Chain Planning Software Optimal Sourcing 40

Supply Chain View from the Field

JUNE 5, 2013

I spoke at a meeting of Procurement Leaders in Boston today, and had the opportunity to share thoughts with a number of procurement professionals from organizations as diverse as Decker Shoes (producers of Uggs), MascoTech, TorontoDominion, Guardian Life, and AARP. We are not out to eliminate profit.

Negotiate Pricing 68

Negotiate Pricing Negotiating Skills Cost Reduction Strategies Analytics Software 68

Supply Chain Matters

JANUARY 16, 2024

Boeing’s demands for lower prices left Spirit strapped for cash as managers panicked over meeting increasingly demanding deadlines.” Airbus, by comparison, has been much more conservative with its balance sheet, giving it greater resources to respond to the pandemic.”

Alaska 52

Alaska Manufacturing Procurement Price Reduction Sourcing Strategies 52

Requis

JANUARY 15, 2021

It’s been invisible because, in supply chain, procurement is sexy. Poor old asset management sounds unheroic by comparison. The fundamental vision behind Requis was to create the ultimate asset management life cycle platform, connecting all supply chain functions, and enabling businesses to procure, manage, and sell assets online.

Asset Management 52

Asset Management Analytics Software Procurement Analytics Demand Planning Software 52

EcoVadis

SEPTEMBER 25, 2019

During the UN General Assembly, taking place at the UN Headquarters this week, the leaders are looking into the progress and challenges we are facing to meeting them. . For a start, green-house gas emissions continue to climb and not only are we nowhere near meeting the 1.5°C The picture is not all rosy.

Sustainability 40

Sustainability North America Optimal Sourcing Comparison 40

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. Flexible dashboard layout to meet individual preferences. Customized report generation views to meet multiple needs or requirements. It also exposes your organization to inherent risks.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Waste Reduction Resource Reduction 52

Supply Chain Game Changer

NOVEMBER 23, 2018

If we can draw a comparison between Thanksgiving dinners and procurement, they are essentially an every day example of why supplier quality management is important. A quality fit can help a procurement team create top-line growth and customer satisfaction. What is SQM? . appeared first on Supply Chain Game Changer™.

Quality 42

Quality Cost Reduction Strategies Resource Reduction Vendor Strategies 42

ThroughPut

APRIL 21, 2022

S&OP is based on a fixed demand plan, it does not reflect how we can shape cement demand to meet business objectives. Advanced S&OP tools offer modeling capabilities that help quickly visualize the results of different scenarios, and enable comparisons across scenarios.

Supply Chain Planning Software 52

Supply Chain Planning Software Scenario Planning S&OP Modeling 52

Supply Chain Matters

OCTOBER 20, 2023

Reportedly, Tesla is expected to cut vehicle pricing again in the current quarter to meet its committed annual vehicle delivery goal. As a comparison, the EV automaker’s automotive gross margin, excluding regulatory credits reached a peak of 25.1 percent operating margin in the latest quarter.

Price Reduction 52

Price Reduction Cost Reduction Strategies Inventory Reduction Purchasing Skills 52

Supply Chain Game Changer

NOVEMBER 19, 2018

Whatever your Industry you should be able to make comparisons to competitors, do benchmarking, and even compare yourself on key metrics across industries. The Supply Chain team must always meet the demands and pressures that the organization demands. And the reality is that Supply Chain must be cost-effective.

Negotiating Skills 84

Negotiating Skills Cost Reduction Strategies Purchasing Skills Inventory Reduction 84

Supply Chain Shaman

OCTOBER 8, 2019

Financial forecasts tend to have a negative bias (forecasts less than market potential) to ensure that employees have a better probability of meeting their bonuses. The lack of holistic management is compounded by decisions to make broad-brush cuts in inventory to meet a quarter-end target. Bias and error. Tax and tariffs.

Supply Chain Design Software 183

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Forecasting 183

Proxima

APRIL 10, 2020

Reboot – Adjusting the business model to meet new customer, economic, societal and operational norms. Recovery – Accelerating out of recovery at a speed that wins market share and a faster return to target liquidity levels. Business rules will get rewritten. It is not enough to simply repackage what we have done before.

Resource Reduction 98

Resource Reduction Cost Reduction Strategies Modeling Vendor Strategies 98

ivalua

AUGUST 2, 2019

This natural question has led to ever greater pressure on procurement to enable a consumer-like P2P experience for employees. In fact, a recent study by Forrester Consulting found improving the employee experience to be the number one priority for procurement in 2019, with 67% of respondents ranking it a crucial or important priority.

Procurement Solutions 138

Procurement Solutions Procurement Analytics Supply Chain Network Software Optimal Sourcing 138