article thumbnail

Procurement Analysis: a Game Changer for Purchasing Strategically

Precoro

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. How often do purchases happen?

article thumbnail

From Siloed to Interconnected: Bring Planning, Sourcing and Procurement Together with a Common Platform 

Logility

Manufacturing capacity is severely diminished. Now more than ever, the conventional silos of planning, sourcing, and procurement teams must be connected into one cohesive network. However, as Gartner noted, the definitions of the activities that should be included are unclear in most cases. Let’s face it ?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

5 Ways Businesses Are Uncovering Success With AI In Manufacturing

ToolsGroup

Automation is at the center of modern manufacturing businesses, with companies exploring the possibilities of artificial intelligence in improving workflows and profitability. Industrial engineers incorporate these technologies in designing and fabricating advanced manufacturing systems. Breaking Down the Definitions.

article thumbnail

What is a Purchase Order? Definition & How to Raise One

Unleashed

If you’re buying or selling goods, you need to know what a purchase order is and how it works. Purchase orders enable easy and safe trading between suppliers and their customers – and provide traceability as ordered items pass through the supply chain. In this purchase order guide: What is a purchase order?

article thumbnail

Control Towers: If Only There Was A Clear Definition

Supply Chain Shaman

What is an easy definition? There is no class of technologies, or common definition, for “control towers.” While there are many types of visibility (see Figure 1), the most common use case is either sourcing or transportation visibility. Pictures, images, text, email, sentiment, contracts, documents are all areas of opportunity.

article thumbnail

The Definitive Guide to Cost Savings

Precoro

Recall how manufacturers had to limit their on-site staff due to coronavirus safety regulations; more recently, food production in Ukraine was disrupted, which in turn affected the sales channels of Ukrainian products and everyone around the world who uses or distributes them. In situations like these, every cent matters.

article thumbnail

Supply Chain Costs: A Definitive Guide for Manufacturers

ThroughPut

Manufacturers usually define supply chain costs using the total cost of ownership. The total cost of ownership is defined as the combination of the purchase or acquisition price of a good or service. Most manufacturers aim at creating the most optimum supply chain for their organizations. Supply chain costs analysis.