Remove Demo Remove Inventory Remove Procurement Analytics Remove Research
article thumbnail

IT Procurement: How to Purchase IT Products and Services Effectively

Precoro

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.

article thumbnail

What is Inventory Management Software and How Does It Work?

Unleashed

Inventory management software helps businesses keep track of stock and be more efficient in their daily operations. It automates tedious manual tasks that can be prone to human error, improving the accuracy of a company’s recorded inventory levels and reducing inventory carrying costs.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Is It a Good Idea to Invest in Hiring a Purchasing Manager?

Precoro

The question arises: when to separate purchasing management tasks into an autonomous operational role and hire a designated professional? There is no universal answer to this question, as purchasing process, procurement policies, goals, and volumes differ not only in the industries but even from company to company.

article thumbnail

What Lessons a Table Fable Teaches About Supply Chain Orchestration

Logistics Viewpoints

The issue wasn’t poor planning – they had the inventory. Multiple calls only muddied the waters, but a few things became clear: inventory was in the warehouse, but my order for it was stuck. According to research by the boom! The failure was in supply chain orchestration – connecting planning to execution.

article thumbnail

Consumer Credit, Generation Z, and the Consumer Packaged Goods Sector

Enterra Insights

During this period of changing consumer behavior, retailers experienced an inventory mismatch and inflation reared its ugly head. Fortunately, the deep recession that many economists predicted didn’t emerge. With this historic rise in consumer debt, journalist Telis Demos asks, “Is it time to worry about consumer debt?”[3]

Packaging 246
article thumbnail

CPG earnings report: Data technology tackles headwinds, helps meet demand

crisp

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. What are CPG executives reporting on the sustainability front? Jeff Harmening, CEO General Mills Where does sustainability fit in?

article thumbnail

Where to Start if You’re New to Procurement Sourcing Solutions

EC Sourcing Group

Where to Start if You’re New to Procurement Sourcing Solutions. There are many people who are not new to procurement and sourcing and its role in the supply chain but may be new to sourcing solutions and software. Read on to learn how to get started with procurement sourcing solutions and what to look for in software.