ivalua

OCTOBER 13, 2022

A new report, “Data-Enabled Supply Chain Transparency” has revealed that 77% of respondents indicated their organization considers supply chain transparency to be critically or highly important. About the research. Redwood City, CA, 13 October, 2022.

Procurement Analytics 130

Procurement Analytics Procurement Solutions Supply Chain Planning Software Optimal Sourcing 130

Logistics Viewpoints

APRIL 6, 2023

Procurement and Supply Chain Management are essential functions that can help companies navigate these challenges, but they are often siloed and operate in separate departments. Their metrics are often misaligned as well – supply chain focuses on service and procurement focuses on the cost of acquiring materials and services.

Optimal Sourcing 201

Optimal Sourcing Sourcing Strategies Manufacturing Procurement Material Savings 201

Supply Chain Shaman

JULY 30, 2022

A requirement to apply as an analyst position for AMR Research was to write an opinion piece and defend the article in an interview. However, two decades later, there is still no technology solution to enable demand visibility or help companies use channel data to translate demand into an inventory, replenishment, or manufacturing strategy.

Supply Chain Design Software 195

Supply Chain Design Software Supply and Demand Supply Chain Planning Software Data 195

Enterra Insights

MARCH 28, 2022

The past couple of years has been a remarkable time for e-commerce as more and more consumers have discovered the digital path to purchase. Nina Taniguchi, an Ads Research and Insights Manager at Google, writes, “ Much has already been written about how COVID-19 has dramatically changed consumer behavior. They are: 1.

Procurement Analytics 246

Procurement Analytics Procurement Solutions Purchasing Skills Price Reduction 246

ivalua

AUGUST 29, 2019

At the same time, two-thirds (66%) of businesses admitted they were still reliant on such processes as part of their Procurement or supplier management function. The research, conducted by Vanson Bourne on behalf of Ivalua, found that 71% of respondents believed the rate of digitisation in Procurement is low.

Manufacturing Procurement 164

Manufacturing Procurement Procurement Analytics Procurement Solutions Purchasing Skills 164

Logistics Bureau

FEBRUARY 15, 2021

The best way to understand the difference between procurement and purchasing in a business is to consider the process involved in buying a car, says Logistics Bureau’s procurement specialist, Trent Morris. Procurement First, Purchasing Follows. But all of those things become purchasing as opposed to procurement.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Analytics Purchasing Skills Negotiate Pricing 98

Precoro

AUGUST 14, 2023

More and more companies are acknowledging the importance of centralizing and optimizing their procurement operations. One of the ways to accomplish this is to establish a procurement team to streamline ordering by centralizing purchases and improving supplier relations. What are the duties of a procurement manager?

Negotiating Skills 98

Negotiating Skills Purchasing Skills Buyer Training Procurement Solutions 98

crisp

APRIL 25, 2024

General Mills reported that ongoing value-seeking behaviors from consumers is influencing both the channels they shop and basket sizes, creating headwinds to the company’s margins. Kraft Heinz’s data concurs and suggests regardless of income, consumers are seeking value and are finding it at places like dollar stores and club stores. “We’re

Demand Planning Software 52

Demand Planning Software Supply Chain Planning Software Supply Chain Design Software Sourcing Strategies 52

Enterra Insights

JANUARY 25, 2024

Data privacy is a big deal. We sit on the cusp of a new business era driven by artificial intelligence (AI); however, without data AI doesn’t work. That’s why there is a growing tension between data availability and data protection. Two years later, Data Privacy Day was observed in the United States.

Data 130

Data Modeling Software Supply Chain Design Software Analytics Software 130

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

SCMDOJO

JUNE 6, 2023

Supply chain optimization can achieve this with the help of data analytics. Data analytics helps businesses make data-driven decisions and initiatives. How does data analytics help supply chain optimization? Let’s explore the roles which data analytics play in this process.

Optimal Sourcing 72

Optimal Sourcing Modeling Supply Chain Optimization Analytics Software 72

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

Synovos

APRIL 2, 2024

What is MRO procurement? Understand MRO procurement and your bottom line will benefit. Here we explore why the MRO supply chain is so significant and how better management of the entire MRO purchasing process can drive valuable cost savings and efficiency gains. Why is handling MRO procurement so costly?

Optimal Sourcing 52

Optimal Sourcing Procurement Solutions Manufacturing Procurement Procurement Analytics 52

Supply Chain Shaman

DECEMBER 15, 2022

In my research, I find that the lack of alignment has a direct impact to value (operating margin and market price to book value). To entice you to participate let’s look at the data more closely. Functional Metrics. As a result, planning teams and functional organizations became more insular and self-serving.

Manufacturing Procurement 387

Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software Procurement Analytics 387

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 Negotiating Skills Purchasing Skills 52

Supply Chain Shaman

APRIL 27, 2022

In this area of research, I find that companies are like dogs chasing cars. At each company, there is a relationship between the metrics of growth, margin, inventory, customer service, and asset strategy. For the purpose of this article, I will use Return on Invested Capital (ROIC) as the proxy metric to discuss asset utilization.)

Procurement Analytics 332

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software 332

Precoro

SEPTEMBER 2, 2022

For some businesses – usually smaller or with a single-source purchasing flow – it may be sustainable to react to the immediate needs. However, growing organizations that face increasing complexity recognize the value of thoughtfully-planned and managed procurement. Office supplies would be an example of indirect procurement.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Solutions Procurement Analytics Optimal Sourcing 98

ToolsGroup

DECEMBER 11, 2023

How closely should you look at your data to maximize returns? In the age of big data, the challenge is no longer accessing enough data; the challenge is figuring out the right data to use. In a past article , I focused on the value of alternative data, which is a vital business asset.

Purchasing Skills 156

Purchasing Skills Optimal Sourcing Data Modeling 156

Supply Chain Shaman

APRIL 16, 2024

Let’s start with definitions: Self Service Planning: Decision support technologies designed for business leaders to use analytic techniques on a collaborative platform to improve business planning. Outside-in Planning: Modeling based on channel and supply network signals. This week, I was at Informs Analytics Conference.

Supply Chain Planning Software 217

Supply Chain Planning Software Supply Chain Design Software How To Inventory Reduction 217

Enterra Insights

MAY 26, 2022

Although retailers still talk about the digital path to purchase as an alternative to the traditional shopping journey, the lines between paths to purchase have blurred. With all generations getting more comfortable on the digital path to purchase, most retailers have adapted to this new reality and are pursuing omnichannel strategies.

Procurement Solutions 130

Procurement Solutions Procurement Analytics Manufacturing Procurement Predictive Analytics Software 130

BlueYonder

NOVEMBER 20, 2023

Blue Yonder was named a Leader in this inaugural report and the leader in the Better Functionality quadrant based on an evaluation of our Blue Yonder Warehouse Management solution. Key Areas of Innovations What’s the key takeaway from the Nucleus Research Warehouse Technology Value Matrix 2023?

Supply Chain Planning Software 119

Supply Chain Planning Software Optimization Software Logistics Network Optimization Software Analytics Software 119

Enterra Insights

AUGUST 3, 2022

“Today,” writes tech freelancer Apoorva Bellapu, “it is practically impossible to lead our lives without data.”[1] ”[1] In the business world, she implies, it is impossible to conduct routine operations without data. Today, it’s not people but data that tops the asset value list for companies.”[2]

Data 130

Data Analytics Software Procurement Analytics Supply Chain Planning Software 130

SCMDOJO

APRIL 20, 2023

If you’re eyeing a role as a Procurement Manager (or are looking to hire one), you’re in the right place! As a procurement Manager, you’ll play a crucial role in overseeing the purchasing and procurement process for a company or organization, making sure they get the best bang for their buck.

Negotiating Skills 95

Negotiating Skills Optimal Sourcing Procurement Analytics Manufacturing Procurement 95

SCMDOJO

APRIL 26, 2023

Category management is a procurement strategy that involves grouping similar products or services together into categories and managing them as a single unit. This approach can help organizations streamline their procurement processes, negotiate better deals with suppliers, and ultimately save money.

Procurement Solutions 76

Procurement Solutions Manufacturing Procurement Procurement Analytics Optimal Sourcing 76

RFgen

MARCH 20, 2023

Integrating purchasing and inventory control is critical for forward planning and forecasting in today’s economic climate. The reality is quality inventory data drives sound supply chain strategy. Essential to this process is purchasing. But when purchasing is not monitored alongside inventory, issues occur.

Sourcing Strategies 52

Sourcing Strategies Negotiating Skills Purchasing Skills Manufacturing Procurement 52

ivalua

OCTOBER 8, 2021

During the pandemic, Procurement flexed its muscle, helping to mitigate supply chain disruptions and enable new channels for engaging with customers and fulfilling orders. Here are four ways leading Procurement organizations can influence retail recovery in 2021 and beyond: 1. Decentralize Procurement. Rethink What’s Normal.

Optimal Sourcing 130

Optimal Sourcing Material Savings Procurement Analytics Procurement Solutions 130

Supply Chain Shaman

SEPTEMBER 22, 2021

As Allyson presented her story of working for multiple consumer products companies, with very advanced technologies (demand sensing, advanced automation of forecasting, data lakes and descriptive analytics), she spoke of why at the end of the day, the most important technology that she uses is Excel. ” Her answer was telling.

Optimal Sourcing 217

Optimal Sourcing Analytics Software Procurement Analytics Supply Chain Planning Software 217

Supply Chain Shaman

FEBRUARY 14, 2022

I wrote my first report on Sales and Operations Planning (S&OP) while sitting on the floor in the Atlanta airport in 2005 when I was an AMR Research analyst. I wrote many reports on airport floors in those days–electrical plugs were just too scarce.) Sales and Operations Maturity Model from 2005-2008.

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

SCMDOJO

FEBRUARY 13, 2023

The procurement department is an integral part of any organization, playing a crucial role in the purchasing process. To get the most out of any procurement team, all the associated key roles need to be filled with qualified individuals that understand both technology and the principles of supply chain management.

Negotiating Skills 87

Negotiating Skills Purchasing Skills Negotiate Pricing Procurement Analytics 87

SYSPRO Smarter ERP

JULY 12, 2022

As supply chain disruptions continue the procurement function should adapt to improve transparency, build collaborative relationships, and ensure sustainable sourcing practices, resulting in a stronger, more resilient supply chain with Cloud ERP for manufacturing. Strategic sourcing with Cloud ERP.

Manufacturing Procurement 105

Manufacturing Procurement Procurement Analytics Optimal Sourcing Procurement Solutions 105

Precoro

FEBRUARY 26, 2024

For procurement professionals, systemizing and optimizing cost centers is not just a matter of financial management; it's a strategic task for driving efficiency, controlling costs, and enhancing overall performance. In this article, we delve into the intricacies of cost centers and explore strategies for improvement.

Optimal Sourcing 105

Optimal Sourcing Cost Reduction Strategies Optimization Software Negotiating Skills 105

Supply Chain Shaman

DECEMBER 7, 2023

Today, I speak at the North American Manufacturing Association, Manufacturing Leadership Conference, in Nashville on the use of data to improve supply chain resilience. Here I share some insights from my research. Improve cross-government data sharing and analyze resilience. I am currently doing research on inventory management.

Supply Chain Design Software 303

Supply Chain Design Software Supply Chain Planning Software Modeling Supply Chain Software 303

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. Goals beyond the best purchasing price fall into strategic sourcing. Simple sourcing takes less time to execute and requires fewer resources to plan, but can cost more down the road.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

ivalua

MAY 11, 2021

Risk management, cost reduction and digital transformation — these are the three top priorities for procurement organisations in the Middle East today, according to a global survey conducted by Ivalua’s global partner PwC. million over the next two years to digitize more of the procurement function.”. El-Jawahari said. .

Optimal Sourcing 130

Optimal Sourcing Manufacturing Procurement Procurement Solutions Procurement Analytics 130

Logility

JANUARY 26, 2017

The second part of Drucker’s quote, “if you can't measure it, you can't improve it,” really brings home the importance of having the right set of metrics. In the field of supply chain management, we have created an abundance of metrics and key performance indicators (KPIs). requires a different set of metrics.

Procurement Analytics 100

Procurement Analytics Metrics Supply Chain Planning Software Gartner 100

Supply Chain Shaman

JANUARY 31, 2022

Companies that viewed the pandemic as another risk management event will struggle the most with Q1 and Q2 earnings reports. As an analyst, I conduct primary research. Focus on Cost. The Chief Financial Officer gained more presence with procurement and IT reporting to finance. A Decline in Innovation.

Procurement Analytics 217

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies 217

Logistics Viewpoints

DECEMBER 15, 2022

quintillion bytes of data every day. Cluster analysis is a statistical umbrella term for methods that classify data points according to their attributes. Cluster analysis is a statistical umbrella term for methods that classify data points according to their attributes. The retail industry is rich with data.

Optimal Sourcing 193

Optimal Sourcing Analysis Procurement Analytics Purchasing Skills 193