Precoro

MAY 22, 2023

This process, known as IT procurement, requires comprehensive steps with clear objectives and vendor selection criteria to ensure that technology investments align with business goals and yield a return on investment (ROI). This article encompasses the best practices for planning and executing successful IT procurement strategies.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Pricing Training Purchasing Skills 52

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

Freightos

SEPTEMBER 14, 2022

While high, the shipping costs typically paled in comparison to the lost sales due to inventory shortages. Changing Trends in BCO Air Cargo Procurement. During the peak of the ocean freight congestion, in September 2021, ocean freight rates reached well over $20,000 for China – US West Coast shipping. Signup Now.

Logistics 156

Logistics Cargo Comparison Freight 156

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. Have inventory management.

Procurement Solutions 52

Procurement Solutions Inventory Management Software Analytics Software Modeling Software 52

Supply Chain Game Changer

NOVEMBER 27, 2018

Argentus is a boutique recruitment firm focused on Supply Chain and Procurement. Check out What Exactly Is Procurement? We thought we’d take it upon ourselves to do a summary-style Infographic that highlights some of the core differences between what’s considered “Purchasing” and what’s considered “Procurement.”

Purchasing Skills 68

Purchasing Skills Procurement SCM Comparison 68

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. Read on to learn how to get started with procurement sourcing solutions and what to look for in software.

Optimal Sourcing 52

Optimal Sourcing Procurement Solutions Procurement Analytics Sourcing Strategies 52

ivalua

APRIL 28, 2022

This year’s study – the 5th Annual – delves deeper into some of these areas and provides a current analysis, and in some cases, comparison for several of these critical data issues. View the report HERE. Would you like to see the report come to life?

Government 130

Government Quality Supply Chain Software Data 130

Supply Chain Shaman

NOVEMBER 15, 2023

For this blog post, never mind the comparison. The second is, Why are companies focused on traditional risk management investments primarily focused on supply/procurement when the more significant opportunity is balancing risk and opportunity in an increasingly complex world? When he speaks of the supply chain, he means procurement.

Supply Chain Planning Software 386

Supply Chain Planning Software Optimal Sourcing Modeling Forecasting Software 386

Supply Chain Shaman

SEPTEMBER 13, 2023

I know that your primary focus is procurement. Is a comparison of COV of channel demand versus orders sufficient? Or a similar comparison of customer orders or planned orders? ” Anna, this blog post is for you. Over the last two years, I actively engaged technologists and business leaders to redefine demand planning.

Supply and Demand 370

Supply and Demand Supply Chain Planning Software Modeling Demand Planning 370

HICX Solutions

NOVEMBER 10, 2022

With David we discussed: An alternative approach to digital transformation Digital Darwinism and evolution within supply chains Adoption challenges and future of Procurement. In the podcast, David makes a comparison between Darwin’s Theory of Evolution and the digital evolution of supply chains. trillion today. “The

Supply Chain Planning Software 52

Supply Chain Planning Software Manufacturing Procurement Pharmaceutical Procurement 52

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

Proxima

DECEMBER 14, 2023

This has meant that procurement functions remain in the foreground, but how they measure their success in the market is drastically shifting. Price was often the primary lever and measure of success and the determinant of the value procurement brought to the business. The only predictable thing in 2023 has been unpredictability.

Cost Reduction Strategies 59

Cost Reduction Strategies Material Savings Price Reduction Supply and Demand 59

Procurement Academy

OCTOBER 25, 2021

This wider focus is known as ESG , environmental, social, and governance, and for procurement and supply chain functions, ESG’s wider focus brings challenges. How should a procurement function regard a supplier with fewer green credentials, but a better performance when it comes to social responsibility? Choices, choices, choices.

Price Reduction 98

Price Reduction Inventory Reduction Buyer Training Procurement 98

Supply Chain Shaman

AUGUST 12, 2020

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. Methodology Comparison. Comparison of the Gartner Supply Chain Top 25 and the Supply Chains to Admire.

Gartner 235

Gartner Supply Chain Software Procurement Analytics Manufacturing Procurement 235

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. Each plan operates on its own island, and procurement and contract manufacturing are isolated. Is this leadership? I think not.

Supply Chain Planning Software 195

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

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. 3. Price Lookup and Comparison. RPA can routinely search for pricing data on specified materials and structure this data in a way that makes conducting comparisons easier.

Supply Chain Software 246

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

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

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

Claritum

MAY 12, 2019

Claritum Article - Procurement Blog. Technologies and Procurement Table. There are a lot of articles around on what Procurement needs to do; how Procurement needs to change; and how technology will fundamentally change Procurement. 2 Technologies and Procurement Table. Virtual Procurement Agents.

Analytics Software 36

Analytics Software Predictive Analytics Software Modeling Software Supply Chain Network Software 36

NC State SCRC

FEBRUARY 23, 2019

Several stories came out this week, related to KraftHeinz’s share price, its procurement department, and the fate of its parent company, 3G Capital. The amount pales in comparison to the company’s other bad news Thursday — when it said it wrote down the value of its Kraft and Oscar Mayer brands by $15.4

Optimal Sourcing 51

Optimal Sourcing Policies Procurement Price Reduction 51

EcoVadis

MAY 30, 2018

The Sustainable Purchasing Leadership Council (SPLC) recently released the results of its new, independent comparative tool for sustainable procurement ratings and EcoVadis is excited to share we’ve secured the highest ranking in the framework.

Procurement Solutions 40

Procurement Solutions Supply Chain Software Comparison Sustainability 40

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 94

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Optimal Sourcing 94

Supply Chain Shaman

NOVEMBER 11, 2020

For comparison, JDA had $2B in debt with a minority investment by Blackstone Partners in 2016. Coupa is well funded and performed well in the indirect procurement software market. There is tension within organizations: the move from procurement as a self-serving function to enabling effective trading partner flows.

Supply Chain Design Software 297

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

EC Sourcing Group

JANUARY 19, 2023

S pend analysis in procurement is a longstanding concept, however, implementation can be difficult without the proper tools. Over the years, implementing this kind of analysis has become more accessible than ever with the advent of robust procurement tools and software.

Analysis 52

Analysis Procurement Solutions Analytics Software Logistics Network Optimization Software 52

Logistics Bureau

APRIL 4, 2022

Alternatively, you can procure access to a digital freight benchmarking platform. The Pros and Cons of Procuring a Benchmarking Tool. You’ll also need to procure the most suitable platform for your freight benchmarking needs. 3: Choose Your Comparisons Carefully. That’s the first question to ask.

Benchmarking 68

Benchmarking Negotiating Skills Logistics Network Optimization Software Purchasing Skills 68

EC Sourcing Group

DECEMBER 28, 2021

Underneath the umbrella of supply chain management are procurement and the sourcing of goods and materials. Spend management tools that are in your procurement or sourcing suite can help you make informed decisions. Features of eSourcing Software: Side-by-Side Comparison Tools. 5 Things to Look for in eSourcing Software.

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. Spend management tools that are in your procurement or sourcing suite can help you make informed decisions. Features of eSourcing Software: Side-by-Side Comparison Tools. 5 Things to Look for in eSourcing Software.

Analytics Software 52

Analytics Software Optimization Software Supply Chain Software Optimal Sourcing 52

Precoro

JANUARY 30, 2023

Plus, find a comparison table of some free purchase order software and paid programs. How a PO System Can Improve the Procurement Process Eliminates Human Error Manual document processing can lead to mistakes at any moment, from misplacing or losing a purchase order to forgetting to send it for approval or to the vendor.

Procurement Solutions 52

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

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

E2open

NOVEMBER 15, 2022

Through its procurement API and the Carrier Highlight capability within e2open’s Transportation Management System (TMS) application, Surge will provide rate optimization and capacity to dry and refrigerated assets for e2open shippers in the consumer-packaged goods vertical as well as their inbound shippers.

Supply Chain Network Software 78

Supply Chain Network Software Optimization Software Logistics Network Optimization Software Optimal Sourcing 78

Precoro

JULY 26, 2021

SourceForge is one of the world’s largest software comparison directories, serving over 30 million users every month and featuring user reviews, product comparisons, software guides, and more. Our goal is to be the #1 procurement solution for companies of all sizes worldwide.

Procurement 98

Procurement Software Comparison Quality 98

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

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

Proxima

AUGUST 25, 2022

The city’s port lost around 45 percent of its trucking capacity this spring as the city ground to a halt, resulting in around 80 percent of vessels being delayed, in comparison to 20 percent two years previously. The threat of sudden lockdowns continues to loom over procurement teams.

Policies 91

Policies Global Manufacturing Procurement Supply Chain Software 91

LevaData

JUNE 22, 2021

Analytics play a crucial role in all aspects of sourcing and procurement management—especially risk mitigation, new product introduction, and cost optimization. Other times, it’s due to contract manufacturers making concerted efforts to disguise their data and muddle the market comparison process.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Optimal Sourcing Supply Chain Planning Software Data 52

EC Sourcing Group

APRIL 19, 2022

eSourcing is a small yet vital part of procurement , which affects the overall supply chain in a positive way if it’s carried out correctly. This gives you insight as to where your suppliers stand with a side-by-side comparison. Scenario-based optimization for generating award scenarios that satisfy both operations and procurement.

Analytics Software 52

Analytics Software Optimization Software Optimal Sourcing Supply Chain Software 52

SupplyPike

JUNE 10, 2020

This way, even manufacturers can save on expenses related to purchasing, by way of wiser and more lucrative procurement decisions. Category management separates products into separate groups and helps businesses implement procurement approaches and maximize savings. Put Your Mind and Heart into Decision-Making.

Manufacturing Procurement 63

Manufacturing Procurement Procurement Analytics Supply and Demand Optimal Sourcing 63