Remove Definition Remove Eliminating Excel in Purchasing Remove Supply Chain Disruption
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Procurement Transformation Guide: Best Practices and Roadmap Steps

Precoro

Definition: Procurement transformation is the strategic overhaul of how a business buys goods and services. It’s time to put manual processes and Excel spreadsheets behind us and think of smarter, more efficient ways to purchase. Procurement used to be mainly about reducing costs and handling purchases.

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How Procurement Automation Benefits Each Step of the Procurement Process

Precoro

Definition: Procurement automation is the use of digital tools to make routine tasks throughout procurement more efficient. Purchasing automation can be used in many areas of procurement, from Purchase Order (PO) management to sourcing and approvals. What holds companies back from purchasing automation?

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Vendor Relations 101: From Transactions to Strategic Decisions

Precoro

Definition: Vendor relations is a strategic practice of cultivating productive, long-term relationships with suppliers. When done right, it’s beneficial for both sides: vendors get a reliable client, while companies benefit from a stable supply chain, consistent product quality, better pricing, and room to grow and collaborate.

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Supply Chain Disruptions: A Survival Guide - SupplyChainOpz

Supply Chain Opz

Supply Chain Disruptions: A Survival Guide. Do you feel supply chain risk management is too complicated to implement? This article will show you how one of the worlds leading companies put a theory into practice and survive many supply chain disruptions. Is Apple Supply Chain Really the No.

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Elevating The Voice of the Supply Chain Contrarian

Supply Chain Shaman

While companies talk digital, the projects follow traditional supply-centric paths. Before you react, here are some definitions. Since the company does not measure forecastability, the team continued to use traditional methods for forecasting, increasing the bullwhip effect and driving internal supply chain disruption.

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Pushing the Supply Chain Reset Button

Supply Chain Shaman

The impact varies by supply chain sector and value chain. Concurrent macro forces–material shortages, war, shifts in consumer buying patterns, logistics constraints, inflation/recession, and climate change– are reshaping today’s reality necessitating the need for a supply chain reset button.

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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. From whom are we buying?