EC Sourcing Group

SEPTEMBER 7, 2021

If you’re executing your procurement strategies efficiently, you’re also continually running spend analysis reports. So, the question is, if your end goal is to boost ROI and reduce supply chain costs, are you using the right spend analysis technology ? Ensuring that all buying groups have switched to newly sourced suppliers.

Analysis 52

Analysis Material Savings Manufacturing Procurement Supply Chain Software 52

EC Sourcing Group

AUGUST 31, 2021

Top 5 Sourcing and Procurement Techniques. With sourcing and procurement , a solid strategy is essential to ensure that your ROI is strong, your relationships with your suppliers are doing well, and that your team appropriately supports your stakeholders and company’s overall goals andobjectives. .

Optimal Sourcing 52

Optimal Sourcing Sourcing Strategies Sourcing Procurement 52

EC Sourcing Group

NOVEMBER 17, 2020

Beyond procurement, you want to look for supply chain management software with inventory control, logistics, and demand planning and forecasting. Spend analytics. This helps you understand where you spend your dollars by procurement category. The Importance of Supply Chain Management Software in Procurement: What Are the Main Benefits?

Procurement Solutions 52

Procurement Solutions Supply Chain Software Supply Chain Planning Software Forecasting Software 52

EC Sourcing Group

OCTOBER 26, 2021

Cost reduction. Inventory management. You want the ability to be able to manage your inventory, which includes your stocked parts, raw materials, and spare parts, along with your asset management. Automation of the supply chain has resulted in resources (i.e., These include: Forecasting. Return management.

Supply Chain Software 40

Supply Chain Software Logistics Network Optimization Software Inventory Management Software Analytics Software 40

EC Sourcing Group

JULY 20, 2023

Simfoni’s procurement technology provides real-time visibility into the entire supply chain, enabling companies to track and monitor suppliers, inventory levels, and deliveries. Cost Optimization : Commodity prices in the energy sector can be highly volatile.

Optimal Sourcing 52

Optimal Sourcing Analytics Software Optimization Software Forecasting Software 52

EC Sourcing Group

DECEMBER 17, 2018

After the initial round of bidding they cut the field to 8 and asked for a best and final bid. Agreed to Net 45 payment terms based on inventory pull – the company had previously paid 50% six months in advance for each order. Provided all of this at a 29% reduction in cost! A disaster turned into a huge success.

Manufacturing Procurement 40

Manufacturing Procurement Negotiating Skills Negotiate Pricing Optimal Sourcing 40

EC Sourcing Group

JULY 26, 2022

Here are some types to consider: CPO Cockpit: Chief procurement officers acquire goods and services and use workflow management systems to meet a company’s organizational goals while reducing costs and increasing profit. The major goals are to minimize total landed costs and pinpoint trends. Improve the planning process.

Optimal Sourcing 52

Optimal Sourcing Analytics Software Predictive Analytics Sourcing Strategies 52