BlueYonder

MARCH 7, 2025

To mitigate this impact, manufacturers may need to source materials domestically and develop new suppliers often leading to higher costs with added logistical complexities. Tariffs on these imports raise material costs, squeezing profit margins unless businesses pass these costs on to consumers.

Manufacturing Procurement 88

Manufacturing Procurement Optimal Sourcing Sourcing Strategies Material Savings 88

ivalua

JUNE 1, 2022

Although Amrest utilizes a sourcing process, the liquidity gap blocks past analyses and data. . Suppliers can support company growth as part of the Amrest procurement journey. Part of procurement, driven by finance–payment is a key part of the supply chain partnership. . Part of the Solution. How can Amrest start this journey?

Optimal Sourcing 130

Optimal Sourcing Negotiating Skills Negotiate Pricing Sourcing Strategies 130

Precoro

OCTOBER 6, 2022

With the global market expansion and deepening supply chain complexity, the roles of procurement leaders have evolved from tactical to strategic. Nowadays, procurement departments not only focus on the day-to-day buying operations but also search for the most efficient ways to go about them. Types of Procurement Analytics.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Solutions Procurement Analytics Pricing Training 98

Logistics Bureau

JANUARY 16, 2025

Five Ways to Improve your Supply Chains Resilience 1) Create Transparency This process involves determining the critical components for your operations and then, working with production personnel, identifying which ones are sourced from high-risk areas and lack ready substitutes.

Sourcing Strategies 74

Sourcing Strategies Supply Chain Planning Software Supply Chain Design Software Supply Chain Strategy 74

ivalua

JUNE 2, 2016

Niul Burton wrote a great article in Industry Week titled “Procurement 2025: 10 Challenges that Will Transform Global Sourcing”. For those of you who are executives in Supply Chain, Procurement or New Product Introduction/Development, this is a must read. We are not your father’s traditional Procure-to-Pay solution.

Manufacturing Procurement 100

Manufacturing Procurement Procurement Supply Chain Planning Software Predictive Analytics Software 100

NC State SCRC

NOVEMBER 12, 2024

Procurement categories are a grouping of materials or services that have similar supply and usage characteristics to meet business objectives. Category management is different from the “strategic sourcing process”. Category management is most definitely not about putting a new veneer on the strategic sourcing methodology.

Material Savings 59

Material Savings Sourcing Strategies Optimal Sourcing Price Reduction 59

ivalua

MAY 19, 2022

As part of Ivalua’s journey to bridge the gap between Finance and Procurement, Ivalua has partnered with TransferMate to reduce the financial friction within cross-border trade. The high-level benefit of embedding the TransferMate payment solution within the Ivalua Source to Pay journey is that supply chains can become stronger.

Cost Reduction Strategies 130

Cost Reduction Strategies Rail Software Optimal Sourcing Sourcing Strategies 130

Clear Spider

OCTOBER 21, 2024

This has forced many manufacturers to reevaluate their sourcing and pricing strategies. Currency Fluctuations: As inflation varies by region, currency fluctuations further complicate international trade. Instead of relying on a single supplier, it’s best to secure a mix of local and international sources.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Inventory Management Purchasing Skills 52

Supply Chain Shaman

MAY 14, 2013

Financial ratios allow us to analyze performance across the peer group (large against small companies) and across currencies. Industries that have formed cross-functional leadership teams combining source, make and deliver together have made the fastest progress. We look for year-over-year improvement.

Supply Chain Design Software 256

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Supply Chain Design 256

ivalua

JUNE 24, 2025

If your procurement team is juggling multiple ERP systems, you’re likely spending more time chasing data than driving strategy. All of which diminishes procurement’s impact across your organization. Unified procurement drives real ROI and agility, along with improved compliance.

Manufacturing Procurement 130

Manufacturing Procurement Procurement Solutions Procurement Analytics Optimal Sourcing 130

ivalua

OCTOBER 24, 2021

This strategic relationship strengthens the payments capabilities released by Ivalua earlier in the year, ensuring a seamless source-to-pay journey for customers and enabling frictionless international payments for all suppliers, regardless of where they are located.

Cost Reduction Strategies 130

Cost Reduction Strategies Expense Reduction Price Reduction Optimal Sourcing 130

QAD

JULY 18, 2024

For example, it is common to incentivize procurement organizations to lower a product’s purchase price variance. This cost includes the per-unit price of the product itself, freight charges, taxes, import and export duties, insurance premiums, payment processing fees, currency exchange rates and other expenses. 20 (duties) + $.40

Purchasing Skills 98

Purchasing Skills Cost Reduction Strategies Expense Reduction Material Savings 98

EC Sourcing Group

NOVEMBER 24, 2020

Using software in procurement management is an excellent way to help maximize proficiency and streamline your operations so that you not only increase production, you build better relationships with your suppliers, increase collaboration within your organization, and improve the entire supply chain process.

Analytics Software 52

Analytics Software Optimal Sourcing Supply Chain Software Procurement 52

ivalua

OCTOBER 24, 2021

This strategic relationship strengthens the payments capabilities released by Ivalua earlier in the year, ensuring a seamless source-to-pay journey for customers and enabling frictionless international payments for all suppliers, regardless of where they are located.

Cost Reduction Strategies 100

Cost Reduction Strategies Expense Reduction Price Reduction Optimal Sourcing 100

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

Precoro

JUNE 2, 2025

Financial forecasting has gone from a 'nice-to-have' to a must-have for procurement and financial planning teams. Some of these elements mirror the ones you’ll find in a regular procurement or cost management process. The only difference? They focus on the future, not the past.

Forecasting 45

Forecasting Forecasting Software Expense Reduction Procurement Solutions 45

Talking Logistics

NOVEMBER 2, 2017

Is it possible these things have impacted the sourcing, manufacturing, and delivery of my cologne? Is the foreign country’s currency stable? Things like the multi-nationalism versus globalization trends in recent political policies or terrorist activities come to mind. How much will it cost the manufacturer and distributor in the end?

Supply Chain Planning Software 124

Supply Chain Planning Software Supply Chain Network Software Supply Chain Software Predictive Analytics Software 124

Talking Logistics

JUNE 19, 2018

After all, you can’t source, make, move, store, deliver, measure or improve what you can’t see. Source: GEODIS. Consolidation simplifies the customer relationship by having fewer partners (sometimes only one) but having the right partners, who may do everything from procurement and operations to IT and invoicing and payment.

Optimal Sourcing 124

Optimal Sourcing Logistics Network Optimization Software Manufacturing Procurement Supply Chain Design Software 124

Supply Chain View from the Field

DECEMBER 16, 2013

I’ve had the good fortune to be presented with opportunities for compelling discussions with a significant group of leading thinkers, senior executives in procurement, logistics, and technology management over this past year. With globalization, the need to partner with local logistics service providers becomes an imperative.

Predictive Analytics 117

Predictive Analytics Analytics Software Procurement Analytics Supply Chain Design Software 117

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

Logility

AUGUST 23, 2021

Success in this area requires the ability to fulfill market demand through dynamic sourcing, flexible production and manufacturing plans, low distribution costs, and short lead times. The goal of supply optimization is minimizing total supply costs while meeting demand requirements.

Supply Chain Software 130

Supply Chain Software Supply Chain Planning Software Optimal Sourcing Supply Chain Design Software 130

EC Sourcing Group

MAY 3, 2022

As a procurement professional, you want to develop processes based on strategic sourcing and ensure proper supplier evaluation and selection. Multi-currency capabilities. Reverse auction strategies are a must-have in procurement—in most cases. Before starting the reverse bidding process. Compatible with Excel.

Material Savings 52

Material Savings Optimal Sourcing Price Reduction Waste Reduction 52

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. In other words, it happens within the company’s defined procurement cycle. Unmanaged spend , on the other hand, happens outside of the procurement cycle.

Procurement Solutions 98

Procurement Solutions Negotiating Skills Purchasing Skills Expense Reduction 98

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

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

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. You’re using all the same currency. Read on to learn how. Data aggregation.

Analysis 52

Analysis Material Savings Manufacturing Procurement Supply Chain Software 52

Precoro

JUNE 17, 2024

Supply chain risk management is one of the top priorities of procurement professionals. For instance, a sudden depreciation of the buyer's currency can cause a sudden price shift and increase the cost of imported goods. Hedge against currency fluctuations. Diversify the sources of financing.

Supply Chain Planning Software 105

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

Supply Chain View from the Field

APRIL 19, 2013

Gerard Chick and I had a good chat over skype this morning, and we both started jotting down a few facts… Banks are buying up gold and moving currency out since 2009. Gerard talks about managing the tail – the stuff you have to do that is the normal procurement stuff that has to get done.

Agile and Lean Supply Chain 74

Agile and Lean Supply Chain Manufacturing Procurement Supply Chain Cost Reduction Strategies 74

Supply Chain View from the Field

OCTOBER 3, 2013

In sourcing, data must be tracked over the entire life of a supplier. That is a whole process during the procure to pay process called reconciliation. We recently had a senior data analytics professional from a large financial services organization speak in my MBA Supply Chain relationships class.

Procurement Analytics 60

Procurement Analytics Analytics Purchasing Skills Data 60

Claritum

MAY 11, 2018

Claritum Article - Procurement Blog. Does your business source products and services from global markets? If your company is sourcing goods and services internationally you could be reaping many benefits. However, you could also face many challenges when globally sourcing across geopolitical boundaries. Find out more.

Supply Chain Software 32

Supply Chain Software Sourcing Global Waste Reduction 32

Supply Chain Game Changer

NOVEMBER 11, 2018

Argentus is a boutique recruitment firm focused on Supply Chain and Procurement. More world-beating companies are recognizing that the goodwill you get from transparency in your Supply Chain can be a major source of competitive advantage – while also helping to make the world a more humane place. Blog post provided by [link].

Supply Chain Software 72

Supply Chain Software Supply Chain Network Software Supply Chain Demand Planning Software 72

NC State SCRC

JANUARY 27, 2018

But emerging technology is now beginning to create new ways to think about sourcing risk, which in the past has been a very manual, encumbered process. This has caused banks to look at the flow of activities in the “source chain”, which refers to the way that third parties use bank data for different opreations.

Purchasing Skills 40

Purchasing Skills Sourcing Strategies Sourcing Supply Chain Planning Software 40

Material Handling & Logistics

DECEMBER 14, 2018

It arrives from an array of sources, and it is presented in a variety of formats. The techniques require different degrees of sophistication, but even the relatively simple exercise of putting data from different sources in the same space and producing a visual representation can suggest strategies for transformation.

Optimal Sourcing 111

Optimal Sourcing Supply Chain Software Sourcing Strategies Pharmaceutical 111

Jaggaer

JULY 23, 2019

More than virtually any other sector, sourcing and supplier management in the fashion industry have been exposed to intense scrutiny in recent years, while the functions have become of increasingly strategic importance to business success. 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 Shaman

OCTOBER 8, 2019

Most budgets are completed in currency at a brand level. Most can only measure functional costs—transportation, manufacturing, and procurement. Supply chain management requires good data at the mix level of an item/location. Granular data by volume is a must to be able to manage replenishment, network design, and inventory targets.

Supply Chain Design Software 207

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

Supply Chain View from the Field

SEPTEMBER 6, 2014

Traditional methods of supplier risk mitigation involve diversifying risk, multiple sourcing, or switching suppliers, which are not effective in situations where entire regions, industry segments, or supply chains are experiencing financial distress. This may be well worth the time, and avoid a lot of potential problems in the long run.

BRIC 74

BRIC Brazil Argentina North America 74

Enterra Insights

JUNE 13, 2018

The cited passage reads, “Most CEOs continue to ignore supply chain management and sourcing. He writes, “The common currency that all departments can collaborate around is data — data about stock and data about the customer.”[2] ” A lot of technology has been developed over the past couple of decades.

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Agile and Lean Supply Chain 100