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

Precoro

JULY 1, 2024

Small companies may also lack the resources to create a dedicated procurement team for proper sourcing and supplier vetting. Group purchasing organizations can be the perfect way for these companies to increase cost savings. Learn how they work, their benefits and limitations, and how they fit in with procurement software.

Purchasing Skills 105

Purchasing Skills Procurement Solutions Procurement Analytics Negotiate Pricing 105

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. Price Lookup and Comparison.

Supply Chain Software 246

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

SCMDOJO

FEBRUARY 5, 2025

The world of procurement is constantly evolving, demanding professionals with the right skills and knowledge. Moreover, two popular options often considered are the MCIPS qualification from the Chartered Institute of Procurement & Supply (CIPS) and the Procurement Track offered by SCMDOJO.

Negotiating Skills 59

Negotiating Skills Procurement Solutions Optimal Sourcing Purchasing Skills 59

Precoro

AUGUST 26, 2021

Purchasing? Or procurement? Although quite similar, procurement and purchasing are two distinctive processes , and understanding the difference between them can help facilitate your organization’s success. Scroll down to find: Procurement and purchasing: side-by-side comparison table ; Procurement and purchasing defined.

Pricing Training 98

Pricing Training Procurement Solutions Procurement Analytics Purchasing Training 98

Descartes

JUNE 4, 2025

We continue to see strong interest in our domain expertise and our solutions to help companies navigate the complex trade landscape. Acquisition of 3GTMS On March 24, 2025, Descartes acquired all of the shares of 3GTMS, a leading provider of transportation management solutions. Additions to property and equipment (1.9)

Expense Reduction 195

Expense Reduction Material Savings Cost Reduction Strategies Price Reduction 195

ivalua

MAY 15, 2022

Part I: Bridging the Gap between Procurement and Finance. To achieve their long-term goals, they needed to bridge the gap between their procurement and finance teams. . Amrest has been using Ivalua ‘the tool’ since 2011 across nine countries, with almost 3000 end-users on the platform. One Tool, Many Challenges.

Procurement Solutions 130

Procurement Solutions Procurement Analytics Procurement Modeling Software 130

ivalua

MAY 15, 2022

Part I: Bridging the Gap between Procurement and Finance. To achieve their long-term goals, they needed to bridge the gap between their procurement and finance teams. . Amrest has been using Ivalua ‘the tool’ since 2011 across nine countries, with almost 3000 end-users on the platform. One Tool, Many Challenges.

Procurement Solutions 130

Procurement Solutions Procurement Analytics Procurement Modeling Software 130

Exiger Perspectives

MARCH 25, 2025

25, 2025 – Exiger , the market-leading supply chain and third-party risk AI company, is a top-ranked vendor in Spend Matters 2025 SolutionMap and TechMatchSM procurement technology rankings, which include over 100 procurement technology vendors. About SolutionMap SolutionMap launched in 2017 and is published twice annually.

Procurement Solutions 52

Procurement Solutions Supply Chain Software Procurement Analytics Vendor Strategies 52

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. The comparison comes down to fully understanding the total cost of ownership for on-premises systems.

Supply Chain Planning Software 194

Supply Chain Planning Software Supply Chain Network Software Modeling Software Optimization Software 194

ToolsGroup

AUGUST 1, 2022

Retail returns occur when a customer returns the purchased items to a seller in exchange for a refund, store credit, or a similar product. 84% of buyers read the return policy before making an online purchase. 84% of buyers read the return policy before making an online purchase. According to the U.S.

Retail 296

Retail Optimal Sourcing Purchasing Skills Procurement Solutions 296

Jaggaer

MAY 8, 2025

I am a big believer in procurement getting involved as early as possible in new product development based on all the market knowledge available. The worst-case scenario is product engineering developing a new product, selecting a supplier and then telling procurement to get on with negotiation. How often do your purchase orders change?

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Procurement Analytics Procurement Solutions 52

Precoro

DECEMBER 11, 2023

To enhance their competitive edge, companies across industries are adopting a key tactic: strategic sourcing. Strategic sourcing is a holistic approach to supply chain management that includes tactics for optimizing the total cost of ownership, improving supplier relationships, and ensuring long-term value creation.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

SCMDOJO

APRIL 3, 2022

eAuctions are online real-time dynamic discussions between one purchasing organization and a group of pre-qualified vendors competing for the purchaser’s trade. Throughout a genuine and collaborative cooperation with business vendors, they produce innovative approaches to current procurement difficulties.

Vendor Strategies 141

Vendor Strategies Negotiating Skills Price Reduction Purchasing Skills 141

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. 2 Identify and get access to the right data sources.

Negotiating Skills 158

Negotiating Skills Supply Chain Planning Software Supply Chain Design Software Purchasing Skills 158

Precoro

MARCH 27, 2025

According to McKinsey & Company, procurement accounts for 50% to 80% of a company’s cost base. That’s why organizations zero in on strategies to achieve procurement cost reduction.    The key thing to remember is that cost reduction in procurement isn’t just about slashing expenses.

Cost Reduction Strategies 45

Cost Reduction Strategies Expense Reduction Price Reduction Vendor Strategies 45

Supply Chain Shaman

JUNE 21, 2023

Table 2: Gartner Top 25 Comparison to Peer Group Results As large manufacturers work the conference circuit in the industry to increase brand awareness for their supply chain efforts, they feed the perception that their stories demonstrate supply chain leadership. Demand latency is the time cycle to translate a channel purchase to an order.)

Gartner 424

Gartner Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 424

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. Run analytics.

Procurement Solutions 52

Procurement Solutions Inventory Management Software Analytics Software Modeling Software 52

EC Sourcing Group

JUNE 8, 2021

Where to Start if You’re New to Procurement Sourcing Solutions. There are many people who are not new to procurement and sourcing and its role in the supply chain but may be new to sourcing solutions and software. Procurement Sourcing Solutions : What Is Procurement Management?

Optimal Sourcing 52

Optimal Sourcing Procurement Solutions Procurement Analytics Purchasing Skills 52

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. A slight change within a function–in sourcing or manufacturing, or along the chain–can greatly impact the outcomes of cost, customer service, or working capital.

Optimal Sourcing 191

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Agile and Lean Supply Chain 191

Logistics Viewpoints

DECEMBER 15, 2022

ABC analysis creates product segments by grouping products with similar sales volume or purchase frequency to enable category managers to focus on what matters most. Comparison of these profiles then gives us store clusters with similar demand, and based on these insights, assortment plans can be developed to address the difference.

Optimal Sourcing 260

Optimal Sourcing Analysis Procurement Analytics Purchasing Skills 260

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. In fact these models are not just used casually, but they often are designed to inform and make optimal sourcing choices. Typically and historically sourcing decisions were predominantly based on unit price.

Optimal Sourcing 105

Optimal Sourcing Purchasing Skills Manufacturing Procurement Negotiating Skills 105

Logistics Viewpoints

DECEMBER 1, 2022

Container Import Volume Year-over-Year Comparison. Source: Descartes Datamyne. The abundance of data in supply chains and logistics operations has made machine learning a well-recognized and powerful tool for putting meaning to that data and making more accurate predictions of outcomes. Figure 1: U.S. Somewhat nailed it.

Predictive Analytics Software 293

Predictive Analytics Software Logistics Network Optimization Software Cost Reduction Strategies Resource Reduction 293

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

Logistics Viewpoints

FEBRUARY 25, 2022

FourKites , a provider of real-time transportation visibility solutions, has a big data set around transportation. Interos, a company providing supply chain risk management solutions, did an analysis of likely impacts on the global raw material and commodity supply chains. Graph of Russia War Supply Chain Interdependencies.

Price Reduction 261

Price Reduction Ukraine Russia Logistics Network Optimization Software 261

Precoro

MAY 22, 2023

Strong companies depend on a range of hardware and software solutions to support key business processes like customer service, financial management, and supply chain operations. This article encompasses the best practices for planning and executing successful IT procurement strategies. What is IT procurement?

Procurement Solutions 52

Procurement Solutions Procurement Analytics Pricing Training Purchasing Skills 52

The Logistics & Supply Chain Management Society

DECEMBER 21, 2021

Expect to see improvements to customer engagements that are not limited to a seamless checkout process but all facets of a buyer’s journey, including product education, research and comparison, and easily navigable after-sales support. Digitalisation and the Importance of Technology. Re-engineer your supply chain to boost resilience.

Supply Chain Planning Software 245

Supply Chain Planning Software Supply Chain Software Supply Chain Strategy Agile and Lean Supply Chain 245

ToolsGroup

FEBRUARY 28, 2023

So we’re excited to be delivering significant enhancements to our solution and expanding our already formidable and innovative forecasting , inventory optimization , and replenishment capabilities that help our customers deliver on promises to their customers, while reducing inventory (and their carbon footprints) and boosting profitability.

Supply and Demand 156

Supply and Demand Supply Chain Planning Software Modeling Demand Planning Software 156

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. Risk management tools.

Purchasing Skills 52

Purchasing Skills Optimal Sourcing Sourcing Strategies Negotiating Skills 52

ToolsGroup

FEBRUARY 7, 2022

Love it or hate it, daily necessities need to be purchased. Data source: eMarketer. eCommerce Purchases and “The New Normal” Retail Categories. And based on Placer Lab’s data , the investment looks promising, with monthly 2021 monthly in-store visits up across the board in comparison to 2019: Image source: Placer.ai.

Supply Chain Planning Software 177

Supply Chain Planning Software Trends Retail Forecasting Software 177

Freightos

JULY 26, 2018

Amazon’s trucking fleet is expanding rapidly; it launched in 2005 with the purchase of thousands of trailers used to shift goods between fulfillment centers. By comparison, that’s almost as large as the15th largest US passenger fleet. Source: Amazon.com.

Logistics Network Optimization Software 198

Logistics Network Optimization Software Data Logistics Supply Chain Planning Software 198

EC Sourcing Group

JULY 29, 2021

eProcurement and eSourcing Solutions For Your Business. One of the most difficult things about searching for eProcurement and eSourcing solutions for your business is finding the right software to truly suit your needs. eProcurement and eSourcing Solutions : Some Must-Haves in eProcurement. Catalog management.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Supply Chain Software Purchasing Skills 52

Cathy Roberson

MARCH 17, 2025

Consumers have embraced e-commerce for price comparisons, ease of purchase anytime and anywhere, and for those participating in subscription services such as Amazon Prime, free shipping, and other benefits. The international inbound transportation service is only available to WFS sellers that source or manufacture goods in China.

Logistics Network Optimization Software 64

Logistics Network Optimization Software Supply Chain Network Software Freight Purchasing Skills 64

Unleashed

JANUARY 8, 2024

Procurement management directly impacts your bottom line, making it a critical component of running a profitable product-based business. In this article, we look at the different stages of procurement management. We’ll also explore project procurement management and the relationship between procurement and supply chain management.

Procurement Solutions 52

Procurement Solutions Pricing Training Purchasing Skills Negotiating Skills 52

IQMS

JUNE 9, 2023

Companies can take advantage of their enterprise resource planning (ERP), manufacturing execution system (MES), and other software to ensure that employees get the data they need to communicate and collaborate effectively both internally and with customers. Design-Through-Manufacturing Efficiencies.

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Design Software Material Savings Supply Chain Planning Software 52

Talking Logistics

SEPTEMBER 1, 2017

BluJay Solutions Raises up to $500 Million New Financing to Drive Accelerated Growth. LevaData to Transform Strategic Sourcing for Global Procurement and Supply Chain Leaders. Strong Software Bookings Growth Highlights First Half 2017 Results for JDA. Robinson purchased Milgram & Company Ltd. Convey Closes $8.25

Logistics Network Optimization Software 0

Logistics Network Optimization Software Supply Chain Design Software Real-time Visibility Manufacturing Procurement 0

Supply Chain Shaman

JUNE 6, 2015

As I read the literature, I felt out of touch and old-fashioned. “How could I not know about supply chain planning software?” On the plane to my interview, I read everything I could about planning software and thought about the simple spreadsheet challenge that was the genesis of my journey. ” I thought.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Design Software Forecasting Software Demand Planning Software 150