Precoro

JUNE 2, 2025

Financial forecasting has gone from a 'nice-to-have' to a must-have for procurement and financial planning teams. Forecasting involves analyzing revenue reports, sales data, cash flow, and expense statements. Some of these elements mirror the ones you’ll find in a regular procurement or cost management process.

Forecasting 45

Forecasting Forecasting Software Expense Reduction Procurement Solutions 45

Supply Chain Shaman

OCTOBER 8, 2019

Most budgets are completed in currency at a brand level. The budget is for a fiscal year with quarter reporting and updates. The direct connection between the two processes increases costs and increases error. To maximize value—price to tangible book, functional metrics need to be reset to focus on reliability.

Supply Chain Design Software 207

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Forecasting 207

Supply Chain View from the Field

OCTOBER 3, 2013

We recently had a senior data analytics professional from a large financial services organization speak in my MBA Supply Chain relationships class. In this case, it must be done for all suppliers and for every product and service line purchased over the history of the institution.

Procurement Analytics 60

Procurement Analytics Analytics Purchasing Skills Data 60

Precoro

JANUARY 16, 2023

Spend management allows for efficient sourcing and procurement, regulated expenses, timely registration of spontaneous purchases, and a reduction of fraud and errors. These purchases might be recurring or occasional, some might be planned, and others pop up in response to sudden changes. It also incorporates employee expenses.

Procurement Solutions 98

Procurement Solutions Negotiating Skills Purchasing Skills Expense Reduction 98

SCMDOJO

SEPTEMBER 19, 2024

As a procurement officer, you’ve possibly been in the crosshairs of debate between sourcing locally and regionally versus from low-cost countries endorsed by many executive staff and boards of directors. Every time I was requested to have a target percentage of our purchases from low-cost countries I felt a pit in my stomach.

Purchasing Skills 98

Purchasing Skills Price Reduction Modeling Manufacturing Procurement 98

QAD

OCTOBER 5, 2021

From integrated multi-currency, multi-GAAP and multi-entity financials to best practice purchasing, from shared services to real-time data and flexible data analytics, Effective Enterprise Management ensures that manufacturers operate from a trusted set of essential enterprise processes that meet today’s and tomorrow’s needs.

Manufacturing Procurement 98

Manufacturing Procurement Optimal Sourcing Supply Chain Planning Software Procurement Analytics 98

QAD

OCTOBER 11, 2022

From integrated multi-currency, multi-GAAP and multi-entity financials to best practice purchasing, from shared services to real-time data and flexible data analytics, Effective Enterprise Management ensures that manufacturers operate from a trusted set of essential enterprise processes that meet today’s and tomorrow’s needs.

Manufacturing Procurement 98

Manufacturing Procurement Supply Chain Planning Software Procurement Analytics Supply Chain Design Software 98

NC State SCRC

NOVEMBER 2, 2023

Lessons Learned from a Career in Procurement As part of our weekly Supply Chain Leadership, I interviewed Howard Richman, who I am co-authoring a new book with (“Procurement Confidential”). For example, one woman was trading foreign currencies, and took a strong position on Eurodollar.

Procurement Analytics 52

Procurement Analytics Negotiating Skills Manufacturing Procurement Optimal Sourcing 52

Precoro

APRIL 14, 2025

How to Protect Yourself From Invoice Scams Where to Report a Scammer? The invoice includes a professional logo, fake contact details, and references to a nonexistent purchase order. The supplier reports nonpayment, prompting the company to investigate the breach and attempt to recover the lost funds. Where to Report a Scammer?

Supply Chain Design Software 51

Supply Chain Design Software Supply Chain Planning Software Procurement Solutions Vendor Strategies 51

QAD

APRIL 5, 2022

From integrated multi-currency, multi-GAAP and multi-entity financials to best practice purchasing, and from shared services to real-time data and flexible data analytics, QAD’s Effective Enterprise Management capabilities ensure that manufacturers operate from a trusted set of essential enterprise processes that meet today’s and tomorrow’s needs.

Manufacturing Procurement 98

Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software Purchasing Skills 98

QAD

APRIL 4, 2023

This includes integrating multi-currency, multi-GAAP, and multi-entity financials, implementing best practice purchasing, and utilizing real-time data and flexible analytics. It provides the production insights needed to rapidly respond to unplanned inventory shortages, equipment failures and productivity slowdowns.

Manufacturing Procurement 98

Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software Modeling Software 98

EC Sourcing Group

JULY 5, 2022

The process of spend analysis has specific goals of efficiency and saving money by increasing visibility into spend, which can decrease overall procurement costs. is vital to procurement and the supply chain. They can help automate your process and streamline procurement and eSourcing. Some include: Licensed software.

Analysis 52

Analysis Analytics Software Supply Chain Design Software Supply Chain Planning Software 52

EC Sourcing Group

SEPTEMBER 7, 2021

The broader picture beyond procurement is the supply chain, as procurement (or purchasing) is just one step in the supply chain. . As there are many steps in the supply chain, there are many steps in procurement and procurement management. In this step, you merge the data into one file to run an accurate report.

Analysis 52

Analysis Material Savings Manufacturing Procurement Supply Chain Software 52

Precoro

FEBRUARY 27, 2023

Where should you start when you want to create budgets, cut costs, or forecast future spending? 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. The answer is simple: spend analysis.

Analysis 52

Analysis Purchasing Skills Procurement Analytics Optimal Sourcing 52

SCMDOJO

NOVEMBER 17, 2023

We have Courses like S&OP deployment, Supply Chain Digitalization , , and Negotiation in Procurement. Whether it’s purchasing, procurement, transport, technology, facilities, or other specialized areas, understanding your passion will influence the subsequent steps in this rewarding career path.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Negotiating Skills 98

Precoro

JUNE 17, 2024

Internal supply chain risks are related to the company's own operations, for example, inefficient purchase order approval workflow or inaccurate budget estimates. Supply chain risk management is one of the top priorities of procurement professionals. Hedge against currency fluctuations. Negotiate long-term contracts.

Supply Chain Planning Software 105

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Sourcing Strategies 105

LevaData

APRIL 21, 2021

In fact, semiconductor shortages have been reported across almost all major IC groups. In the meantime, robust planning, supply risk assessments, proactive order management, and real-time insights regarding supply trends are essential for any procurement team to stay ahead of a very competitive game.

Supply Chain Planning Software 52

Supply Chain Planning Software Prescriptive Analytics Software Procurement Analytics Supply Chain Planning 52

QAD

AUGUST 3, 2022

Many manufacturers use these systems to automate tasks like accounting and procurement, project management, customer relationship management, risk management, compliance and supply chain operations. They’re designed to handle internationalization issues, like currency, language, alphabet, postal code, accounting rules and more. .

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Forecasting Software Optimization Software 52

Precoro

AUGUST 15, 2022

ERP or enterprise resource planning is software companies use to automate core business processes and integrate their functions, such as accounting, project management, procurement, and supply chain operations, into a single system. Improved Collaboration. Regulatory Compliance.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Procurement Solutions Optimization Software 52

Precoro

APRIL 24, 2023

Reduces maverick spending Maverick spending refers to off-contract purchases from non-preferred suppliers. It occurs when employees bypass the standard procurement process while making unauthorized purchases, and it often results in higher costs and reduced visibility into spending.

Supply Chain Design Software 52

Supply Chain Design Software Procurement Solutions Supply Chain Network Software Demand Planning Software 52

Precoro

SEPTEMBER 2, 2024

This model is also expected to become more popular among users due to easy scalability and the establishment of efficient networks between various suppliers and clients. Companies can then tie their e-invoicing to the management of purchase orders , receipts, supplier relationships , and spend control , for example.

Procurement Solutions 45

Procurement Solutions Modeling Software Supply Chain Network Software Supply Chain Planning Software 45

Supply Chain View from the Field

FEBRUARY 25, 2015

Joydeep began by sharing his views on the importance of linkages between academia and industry, including the SCRC partnership model. “Academia leads industry by about 10 years. Supply chain has a big focus on the currency of today’s theories being implemented here. We have 7000 employees and are growing into a$10B company. .”

Supply Chain Design Software 60

Supply Chain Design Software Supply Chain Design Negotiating Skills Price Reduction 60

Unleashed

AUGUST 29, 2023

How inventory management software works: Acquire inventory management software: A third-party software vendor is procured based on your business’s inventory management requirements. The purchasing manager can then create a purchase order for the required goods and send it to your supplier.

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Forecasting Software Supply Chain Design Software 52

OptiProERP

NOVEMBER 3, 2022

They need to run various reports, including some for the FDA, which is challenging. They also would like to automate the purchase order process and vendor management. Its powerful reporting tools make it simple for them to provide the required reports to the FDA. Detailed purchasing data has allowed them to lower costs.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Supply Chain Planning Software Manufacturing 52

Jaggaer

JULY 23, 2019

In recent years, these complex supplier networks have posed difficult challenges for the purchasing teams that are charged with ensuring that goods are made at the right price, are delivered on time and meet the right ethical and quality standards. Procurement teams know that their brands are now in the spotlight.

Manufacturing Procurement 40

Manufacturing Procurement Purchasing Skills Negotiate Pricing Optimal Sourcing 40

Supply Chain Movement

NOVEMBER 24, 2015

To arrive at optimal European supply chains it is crucial to consider shifts in economic growth, currency fluctuations and tax reductions in addition to production and distribution costs. 46 | Tools & Technology. • Better forecasts and implementation best practices. • Apps for more efficient procurement procedures.

Supply Chain Design Software 60

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Forecasting Software 60

Logistics Bureau

JANUARY 1, 2025

Least attention is paid to this category for the purpose of stock control and planning and procurement decisions for such items may be automated. Acknowledgement: In purchasing, acknowledgement is the term used to describe a suppliers confirmation that the buyers purchase order has been received, and hence, that the order is accepted.

Supply Chain Planning Software 76

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 76

ThroughPut

JUNE 24, 2022

To guarantee results, supply chain managers need to be able to cut through this noise with a powerful tool to make use of this vast amount of data with targeted operational analytics to detect, quantify and rank the bottleneck operations building-up in business processes early on. 4) ACTIONABLE ANALYTICAL INSIGHTS.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Supply Chain Software 98

HICX Solutions

MARCH 31, 2022

In this webinar, we join Niko Nurmi , Executive Advisor at Procurement Leaders , as he discusses these challenges and how to overcome them – with Carmen Erhardt , Director of Corporate Purchasing and Head of Global Processes, Operations and Digitalization at Henkel ; and Anthony Payne , CMO at HICX. A supplier experience approach.

Optimal Sourcing 52

Optimal Sourcing Resource Reduction Procurement Analytics Cost Reduction Strategies 52

Unleashed

JUNE 28, 2024

The best ERP software for manufacturers offers real-time data processing and reporting features. For example, we determined that the best ERP for manufacturing should offer functionality around real-time data analytics, inventory management, process automation, supply chain planning, and production scheduling.

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software Inventory Management Software 52

Supply Chain Matters

MARCH 5, 2024

Supply Chain Matters provides highlights of reported February 2024 global and regional production and supply chain PMI indices. Report commentary further indicated that while global consumer goods production levels features solid monthly growth, both the intermediate and investment goods sectors were marginal in growth.

Manufacturing Procurement 59

Manufacturing Procurement Global United Kingdom Purchasing Skills 59

ThroughPut

JANUARY 23, 2020

To guarantee results, supply chain managers need to be able to cut through this noise with a powerful tool to make use of this vast amount of data with targeted operational analytics to detect, quantify and rank the bottlenecks building-up in business processes early on. 5) Streamlining Enterprise Resource Planning (ERP).

Supply Chain Planning Software 52

Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Software Optimal Sourcing 52

ThroughPut

JANUARY 23, 2020

To guarantee results, supply chain managers need to be able to cut through this noise with a powerful tool to make use of this vast amount of data with targeted operational analytics to detect, quantify and rank the bottlenecks building-up in business processes early on. 5) Streamlining Enterprise Resource Planning (ERP).

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Optimal Sourcing Predictive Analytics Software 52

NC State SCRC

JANUARY 26, 2018

At a major global bank, for instance, procurement is employing a dynamic discounting tool, that provide opportunities for cost saving as well as early payment discounts for supplier that require access to working capital. Here is a snippet of some of the conversations that took place. Dynamic Discounting.

Supply Chain Planning Software 40

Supply Chain Planning Software Supply Chain Software Supply Chain Network Software Analytics Software 40

NC State SCRC

JANUARY 27, 2018

Eventually this leads to a purchasing transaction, and to fulfillment, through a catalog, order release, then an invoice and accounts payable. A further complication arises because of the inability to correctly classify the project, supplier, and procurement transaction. Understanding the Regulatory Risk Standards.

Purchasing Skills 40

Purchasing Skills Sourcing Strategies Sourcing Supply Chain Planning Software 40

Claritum

MARCH 22, 2021

Eliminate the need for disparate systems across departments and geolocations, and instead centralise and integrate these functions into a single cloud deployed system to manage processes, with multiple languages and currencies supported if required. Improved communication and data exchange with better collaboration.

Continuous Improvement 41

Continuous Improvement Optimal Sourcing Supply Chain Design Software Resource Reduction 41

EMERGE App

DECEMBER 25, 2023

These challenges encompass Purchasing, Production Planning, Sales-Distribution, Inventory Management, Warehousing Management, Human Resource Management (HRM), and Finance. Which can optimize the procurement and delivery of raw materials, synchronize with manufacturing processes, and efficiently fulfill orders. per month for each user.

Inventory Management Software 52

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