SCMDOJO

DECEMBER 11, 2023

In the realm of efficient procurement management, understanding the various types of procurement reports becomes paramount. These reports serve as navigational tools, offering insights into different facets of the procurement process.

Procurement Analytics 16

Procurement Analytics Optimal Sourcing Procurement Solutions Material Savings 16

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

Unleashed

SEPTEMBER 3, 2023

A purchase order (PO) is an official business document sent by a buyer to a seller to authorise a purchase. Purchase orders are legally binding documents that facilitate fair trading between two companies, or between a company and a sole trader. It serves as a legal document.

Procurement Solutions 52

Procurement Solutions Purchasing Skills Manufacturing Procurement Procurement Analytics 52

Precoro

FEBRUARY 4, 2022

According to a Paystream 2018 Procurement Insights report, 80% of organizations still use manual or semi-digital tools to manage their procure-to-pay cycle. Most organizations are using the procurement module integrated with their ERP or accounting software. What is Procure to Pay? Procure-to-Pay Definition.

Procurement Solutions 98

Procurement Solutions Procurement Analytics Optimal Sourcing Procurement 98

Precoro

APRIL 6, 2022

If you're reading this now, then you’ve probably noticed how outdated traditional procurement systems recede into the past and are replaced by new modern solutions. What is Cloud Procurement? Let's start with a quick definition of cloud computing. Three Categories of Cloud Procurement.

Procurement Solutions 98

Procurement Solutions Procurement Analytics Modeling Software Analytics Software 98

Logistics Viewpoints

AUGUST 15, 2022

GEP and the North Carolina State University (NCSU) Supply Chain Resource Cooperative surveyed supply chain, procurement and IT professionals across a range of industries to gain insight into their priorities and strategies regarding supply chain resilience and optimization. Procurement solutions are often updated with purchased information.

Supply Chain Network Software 218

Supply Chain Network Software Manufacturing Procurement Procurement Analytics Optimal Sourcing 218

ThroughPut

MAY 5, 2020

Procurement costs. Ask the below questions to validate if the strategy has been devised accurately : Have you properly documented the supply chain strategy? It is key to develop a sound inventory management strategy that includes various factors such as a procurement plan, failure analysis, and disaster management strategy.

Cost Reduction Strategies 64

Cost Reduction Strategies Manufacturing Procurement Inventory Reduction Negotiating Skills 64

Logility

AUGUST 4, 2023

Whether your definition of value includes on-time, in-full (OTIF), inventory reduction or optimization, transportation spend, speed of decision making, supply chain costs, net working capital, or a myriad of other value measures, you know your business better than anyone.

Supply Chain Planning Software 208

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Vendor Strategies 208

Supply Chain Shaman

MARCH 12, 2019

The confusion starts when a supply chain leader states the need for improved visibility without a clear definition. In 2004-2006, Greg Aimi (now a Gartner analyst) and I worked on a common definition of visibility for over a year. Control tower , by definition, is similar. The focus of this post is to drive clarity. >

Prescriptive Analytics Software 173

Prescriptive Analytics Software Manufacturing Procurement Procurement Analytics Analytics Software 173

ThroughPut

MAY 5, 2020

Procurement costs. Ask the below questions to validate if the strategy has been devised accurately : Have you properly documented the supply chain strategy? It is key to develop a sound inventory management strategy that includes various factors such as a procurement plan, failure analysis, and disaster management strategy.

Cost Reduction Strategies 52

Cost Reduction Strategies Manufacturing Procurement Inventory Reduction Negotiating Skills 52

ThroughPut

MAY 5, 2020

Procurement costs. Ask the below questions to validate if the strategy has been devised accurately : Have you properly documented the supply chain strategy? It is key to develop a sound inventory management strategy that includes various factors such as a procurement plan, failure analysis, and disaster management strategy.

Cost Reduction Strategies 52

Cost Reduction Strategies Manufacturing Procurement Inventory Reduction Negotiating Skills 52

Freightos

MAY 31, 2022

Thank you for trusting Freightos and WebCargo technology for your own rate management, pricing and quoting needs, for your procurement from carriers, and thanks to those who chose freightos.com as a marketing channel for the critical logistics services that you offer. I’ve been there myself.

Purchasing Skills 156

Purchasing Skills Predictive Analytics Software Logistics Network Optimization Software Supply Chain Planning Software 156

Supply Chain Shaman

DECEMBER 30, 2014

Intellectually, while I will know that year has changed, I will screw-up time, and time, again by writing 2014 on documents for many, many months. The reporting of manufacturing and procurement organizations through the supply chain leader has the probability of the flip of a coin. Tomorrow starts a new year.

Agile and Lean Supply Chain 287

Agile and Lean Supply Chain Supply Chain Strategy Manufacturing Procurement Supply Chain 287

GlobalTranz

DECEMBER 11, 2014

In this series, we will first talk about how EDI in transportation works and what it is, covering the history of EDI in transportation, the definition, how it works technically, and then some common EDI codes used within the transportation industry. Having people involved slows down the processing of the documents and also introduces errors.

Electronics 262

Electronics Transportation Data Resource Reduction 262

Precoro

OCTOBER 16, 2023

Regardless of size or industry, every organization relies on procurement to achieve its objectives and stimulate growth. Procurement, the art of acquiring goods and services, is not just an option but a fundamental requirement for businesses to function smoothly. What is a Procurement Contract?

Procurement Solutions 98

Procurement Solutions Optimal Sourcing Procurement Analytics Procurement 98

Logistics Bureau

NOVEMBER 14, 2018

If you have not yet tackled the question of ethics in procurement, now is a great time to start. It does not matter whether you are a procurement professional, internal customer, external customer, senior executive, or supplier. Procurement is what sets entire supply chains and their organisations in motion.

Procurement Analytics 63

Procurement Analytics Optimal Sourcing Procurement Solutions Pricing Training 63

Arena Solutions

DECEMBER 23, 2021

Engineering change order (ECO) definition. An engineering change order (ECO) is a document that specifies either new product design details or proposed changes to existing products. ECOs provide a list of all the components, assemblies, and other documents that are affected. be implemented as planned and on time. ECO benefits.

Manufacturing Procurement 104

Manufacturing Procurement Supply Chain Design Software Cost Reduction Strategies Procurement Solutions 104

Supply Chain Game Changer

NOVEMBER 18, 2018

My favourite definition of Blockchain is the simplest: It is a digital transaction ledger … period! . And given that simple definition it is possible to understand that while Blockchain was originally associated with Bitcoin, it actually has applicability in any transaction based environment. 10 Different Definitions!

Sourcing Strategies 84

Sourcing Strategies Supply Chain Planning Software Manufacturing Procurement Material Savings 84

Precoro

FEBRUARY 12, 2024

In order to make it as realistic as possible, it’s a good idea for treasury and finance departments to communicate closely with sales, procurement, and accounting teams. For a treasury or finance department to make a reliable cash flow forecast, they should establish communication with sales, procurement, and accounts payable teams.

Optimal Sourcing 102

Optimal Sourcing Expense Reduction Inventory Reduction Negotiating Skills 102

Supply Chain Shaman

DECEMBER 11, 2018

Fuzzy definitions. Do you think that this definition could contain a few more references to digital?). There was a better definition by Michael Burkett in a later press release: “…an intelligent supply chain that makes decisions as it interacts across an ecosystem of digitally connected partners.”

Supply Chain Planning Software 195

Supply Chain Planning Software Supply Chain Design Software Modeling Software Supply Chain Network Software 195

Precoro

SEPTEMBER 12, 2022

Matching the invoice against related documents, etc. A well-planned procedure is critical to eliminate unauthorized payments and ensure that the invoice is legitimate and has no discrepancies with the original purchase documents. Getting all the necessary approvals from stakeholders. Receiving an Invoice. Defining Irregularities.

Procurement Solutions 52

Procurement Solutions Supply Chain Planning Software Supply Chain Software Purchasing Skills 52

Precoro

FEBRUARY 27, 2023

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. Read on to learn all you need to know about the definition, benefits, types, steps of implementation, and success tips for spend analysis.

Analysis 52

Analysis Purchasing Skills Optimal Sourcing Procurement Analytics 52

Supply Chain Shaman

APRIL 20, 2018

I believed that planning needed its own system of record and that this definition was distinctly different from a transactional system of record. Transactional systems are vertical by definition. The focus is outside-in, from the customer back, and demand-orchestrated across the silos to guide procurement decisions.

Supply Chain Planning Software 163

Supply Chain Planning Software Supply Chain Design Software Gartner Supply Chain Software 163

ProcurePort

JULY 28, 2022

•Accounts payable AP refers to a company’s obligation to its suppliers – its formal documentation warranting payment from the buyer, mostly business in a contractual agreement with a supplier or vendor. […]. Definition, Process & Examples) appeared first on ProcurePort Blog. The post What is Accounts Payable?

Examples 52

Examples Company Procurement 52

Precoro

FEBRUARY 11, 2022

A purchase order (or PO) is an official document sent by a business (buyer) to an external supplier (vendor) that confirms the intention of purchasing specific goods or services and contains all the necessary information about it. Once a supplier approves the purchase order, it becomes a legally binding document. Let’s dive deeper.

Procurement Solutions 52

Procurement Solutions Purchasing Skills Optimal Sourcing Vendor Strategies 52

EMERGE App

DECEMBER 25, 2023

What’s the definition of the best online inventory management? Which can optimize the procurement and delivery of raw materials, synchronize with manufacturing processes, and efficiently fulfill orders. What is the definition of the best online inventory management? And they call that the best online inventory management.

Inventory Management Software 52

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

Supply Chain Shaman

DECEMBER 13, 2021

And, in the strategy documents that I review, most manufacturing teams are rebranding historical work as digital. While all will shake their heads in agreement on the need for outside-in processes, there is no clear definition. Over the past year, I attempted to rectify and clarify the definition of an outside-in process.

Sourcing Strategies 195

Sourcing Strategies Cost Reduction Strategies Supply Chain Design Software Price Mitigation Strategies 195

NC State SCRC

JUNE 29, 2017

Only 5%% of payments are made by procurement cards – and 34% are made by ACH Credits! Obviously global trade has lots of physical documents, and wet signatures being couriered around the world, and this generates many inefficiencies from fraud to documents being directed to the wrong place or taking a long time to get there.

Vendor Strategies 40

Vendor Strategies Cost Reduction Strategies Procurement Supply Chain Network Software 40

Supply Chain Shaman

DECEMBER 4, 2019

However, they have very different definitions. 92% of companies have a corporate social responsibility document, 65% of carbon and waste lie outside the four walls of the organization; yet, only 20% of companies take responsibility for the sustainability impact of their extended network. Network Definitions Confusing.

Supply Chain Network Software 197

Supply Chain Network Software Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software 197

NC State SCRC

JULY 21, 2022

I didn’t know a lot about what the Antitrust division within the Department of Justice does, nor how it works with supply chains, and this conversation definitely piqued my interest. Very often, this requires collecting and reviewing millions of documents from a company, by utilizing the power of the grand jury.

Pharmaceutical 52

Pharmaceutical Supply Chain San Francisco New Hampshire 52

Precoro

SEPTEMBER 29, 2021

A purchase order process is one of the critical elements of the procurement cycle, and an efficient PO system can help speed up purchasing, improve spend control and budgeting. A purchase order (or PO ) is an official document sent by a buyer to a supplier that confirms the purchase and contains all the necessary information about it.

Procurement Solutions 52

Procurement Solutions Purchasing Skills Negotiate Pricing Buyer Training 52

EMERGE App

DECEMBER 25, 2023

What’s the definition of the best online inventory management? Which can optimize the procurement and delivery of raw materials, synchronize with manufacturing processes, and efficiently fulfill orders. What is the definition of the best online inventory management? And they call that the best online inventory management.

Inventory Management Software 52

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

ivalua

SEPTEMBER 2, 2019

Peter Smith, Managing Director, Procurement Excellence Ltd. The European Banking Authority (EBA) has published new guidelines on outsourcing , a document that has wide-ranging implications for every banking organisation, and requires careful consideration by procurement leaders and functions.

Guidelines 140

Guidelines Procurement Resource Reduction Policies 140

Exiger Perspectives

APRIL 3, 2023

A proven supply chain risk management framework, like Exiger’s TPRM and SCRM framework , enables compliance teams, corporations and governments to identify, assess and respond to third-party service providers, supplier risks and other involved procurement risks throughout their supply chain lifecycle.

Supply Chain Risk Management 52

Supply Chain Risk Management Risk Management Supply Chain Design Software Supply Chain Planning Software 52

EC Sourcing Group

MAY 31, 2022

It’s estimated that approximately 90 percent of businesses use some procurement strategy to acquire goods and services. e-Sourcing is an important piece of the overall procurement management puzzle and plays a vital role in the supply chain. More features will improve your procurement process within the supply chain.

Supply Chain Software 52

Supply Chain Software Software Sourcing Strategies Optimal Sourcing 52

SCMDOJO

FEBRUARY 29, 2024

They do not relate to any overall company procurement goals and objectives. Figure 1: SPM Project Stages (Gordon Sherry R, 2008) This organization has created a Procurement Steering Committee with management participation to leverage procurement as a tool to improve business performance.

Vendor Strategies 55

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 55

Logility

MAY 22, 2018

Unbelievably, we didn’t have computers, video games, or mobile devices back then so really the only form of in-home visual electronic entertainment was the TV, and by that I mean broadcast TV with maybe 10 channels of low-definition content if the rabbit ears were pointed in just the right directions.

Optimal Sourcing 101

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Forecasting 101