crisp

DECEMBER 15, 2021

It’s an incredibly exciting time to work in the supply chain. One of the big catalysts for change right now is the acceleration of data and analytics in supply chain management. A recent survey of procurement leaders showed a 15-20% increase in ROI when using data and analytics to make decisions. Step 1: Set the strategy.

Procurement Analytics 98

Procurement Analytics Supply Chain Planning Software Manufacturing Procurement Material Savings 98

Supply Chain Game Changer

APRIL 15, 2020

Digital Procurement article, and permission to publish here, provided by Sam Jenks at kodiakrating.com. Navigating the complexity of the global supply chain as a procurement professional can sometimes feel like taking a walk through the Amazon without a compass, or entering into outer space without an oxygen tank. Don’t Panic!

Procurement Solutions 90

Procurement Solutions Procurement Analytics Procurement Eliminating Excel in Purchasing 90

Resilinc

MARCH 26, 2024

In this blog, we explore the different types of predictive AI models for supply chain risk management. In our second AI blog of the series, Predictive AI vs. Generative Supply Chain AI , we looked at the difference between predictive AI and generative AI. How does Resilinc use regression models?

Modeling 107

Modeling Supply Chain Risk Management Modeling Software Risk Management 107

EC Sourcing Group

MAY 28, 2020

What Are the Goals of Procurement Management? The goals of procurement management are generally to acquire goods and services with the highest quality at the lowest cost to create an end product. For instance, every purchasing department wants to lower costs and be more productive, so these are concrete goals. .

Procurement Analytics 52

Procurement Analytics Procurement Solutions Purchasing Skills Procurement 52

EC Sourcing Group

MARCH 12, 2023

While it seems obvious to choose suppliers that are cost-efficient and easy to work with, rapid technological growth and global economies of scale have resulted in a large pool of suppliers to choose from. Identify your data sources that can help identify supplier performance.

Procurement Analytics 52

Procurement Analytics Purchasing Skills Procurement Solutions Supply Chain Planning Software 52

ThroughPut

MARCH 24, 2024

Food & Beverage giants like Kellog’s reported on the state of breakdown in supply chain management. However, these models have tremendously faltered, when they have not altogether failed because of superior intelligence. The unavailability of raw materials and changing consumer patterns heavily impacted demand.

Supply and Demand 52

Supply and Demand Optimal Sourcing Forecasting Modeling 52

Alloy

FEBRUARY 4, 2024

Get More Out of Your Kroger 84.51° and Market6 Data How Automation and Advanced Metrics You Won’t Get in 84.51° can help you grow your sales at Kroger and avoid inventory headaches. They are all essential parts of Kroger’s analytics capabilities and, if leveraged correctly, can provide crucial insights to improve business operations.

Procurement Analytics 52

Procurement Analytics Analytics Software Optimal Sourcing Forecasting Software 52

EC Sourcing Group

NOVEMBER 17, 2020

When you’re trying to control the entire procurement process within the supply chain, you want to make sure that you have the best software for your needs at your side so that everyone—you, vendors, and suppliers, are getting their needs met within the supply chain. Procure-to-pay operations. Includes purchase orders.

Procurement Solutions 52

Procurement Solutions Supply Chain Software Supply Chain Planning Software Forecasting Software 52

Supply Chain Game Changer

JULY 21, 2021

Supply chain key performance indicators and metrics are ways in which someone can quantify the performance of their company’s supply chain to gain a better understanding of its strengths and weaknesses. On-time & in-full delivery is the most telling indicator of how well your service performance is. Product Management KPIs!

Supply Chain Planning Software 98

Supply Chain Planning Software Negotiating Skills Purchasing Skills Manufacturing Procurement 98

EC Sourcing Group

SEPTEMBER 6, 2022

A green supply chain reduces the harm that may occur at any stage of the procurement cycle—production, purchasing, logistics, material management, or distribution. Choosing an eco-friendly supply chain saves you both time and money. Best Sourcing Software : How Supply Chains Become More Sustainable.

Material Savings 52

Material Savings Waste Reduction Supply Chain Software Vendor Strategies 52

EC Sourcing Group

MARCH 14, 2022

Managing tail spend in procurement and the entire supply chain process is vital; poor tail spend management can lead to considerable loss. It’s estimated that just 80 percent of suppliers represent just 20 percent of an organization’s spend —so where does the other 20 percent go? Redundant or mundane purchases.

Procurement Solutions 52

Procurement Solutions Supply Chain Software Optimization Software Optimal Sourcing 52

EC Sourcing Group

SEPTEMBER 7, 2021

The broader picture beyond procurement is the supply chain, as procurement (or purchasing) is just one step in the supply chain. . As there are many steps in the supply chain, there are many steps in procurement and procurement management. Spend Analysis in Supply Chain Management. Read on to learn how.

Analysis 52

Analysis Material Savings Manufacturing Procurement Supply Chain Software 52

EC Sourcing Group

NOVEMBER 16, 2021

Effectively managing your suppliers is an integral part of the procurement process (and important to the entire supply chain as well). Without goods and services, nothing can be produced, which would make procurement impossible. Without goods and services, nothing can be produced, which would make procurement impossible.

Procurement Solutions 52

Procurement Solutions Analytics Software Logistics Network Optimization Software Supply Chain Software 52

Kinaxis

JULY 19, 2017

by Alexa Cheater Every day it seems as if one company or another is touting they’ve just released the next big thing—that new device that will change your life. You won’t just find smart devices in futuristic TV shows anymore. That in turn is changing how organizations are manufacturing and delivering goods. Connected home.

Supply Chain Design Software 279

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Gartner 279

Locus

OCTOBER 21, 2022

The pandemic had people locked up in their homes for a long time and spending had been frugal. So even if these sales spikes would last no longer than 10-15 days, the end of the year still promises to be an eventful time all over the world line up. There seems to be a similar uptick across other geographies as well.

Demand Planning Software 52

Demand Planning Software Supply and Demand Retail Supply Chain Planning Software 52

Unleashed

FEBRUARY 14, 2024

In accounting, finished goods inventory is the specific number of inventory or manufactured items that you currently have in stock available for customers to purchase. Finished goods inventory is reported as a current asset on your balance sheet. Inventory costs affect the profitability and cash flow of a business.

Inventory Reduction 52

Inventory Reduction Inventory Manufacturing Procurement Inventory Management Software 52

Precoro

JULY 18, 2022

Even more, 82% of finance departments report being overwhelmed by the number of invoices they have to process daily and are further exhausted by the variety of formats these invoices are received in. It improves cash flow, drives additional savings, and helps procurement organizations make the most of dynamic discounting opportunities.

Supply Chain Software 52

Supply Chain Software Procurement Solutions Optimization Software Optimal Sourcing 52

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

Requis

MARCH 10, 2020

With an uptick in media reports on environmental crises like the Australian bush fires of 2019, there has been a renewed sense of urgency on climate change issues. But it’s not just about protecting the environment. Caterpillar, Dell, and Cisco are just a few of the companies who have been leading the way. Spoiler: it’s massive.

Manufacturing Procurement 52

Manufacturing Procurement Material Savings Sustainability Waste Reduction 52

ThroughPut

AUGUST 24, 2021

Food & Beverage giants like Kellog’s reported on the state of breakdown in supply chain management. However, these models have tremendously faltered, when they have not altogether failed because of superior intelligence. The unavailability of raw materials and changing consumer patterns heavily impacted demand.

Supply and Demand 52

Supply and Demand Optimal Sourcing Forecasting Modeling 52

ThroughPut

OCTOBER 7, 2022

Step Up Demand Planning Efforts with a Robust Forecasting Model . After all, most of these business functions were created for a very different era where any change was predicted earlier and absorbed easily. This chain of cost savings continues as efficiencies seep in. Understanding and predicting demand in unpredictable times.

Forecasting 52

Forecasting Modeling Supply and Demand Forecasting Software 52

Unleashed

JANUARY 14, 2024

It refers to the process of purchasing, storing, and tracking the various goods required to build a product. Manufacturing inventory management requires a coordinated approach across production, purchasing, sales, and logistics departments. In this manufacturing inventory management guide What is manufacturing inventory management?

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Inventory Reduction Inventory Management 52

Arkieva

JULY 25, 2016

Continuing growth in ecommerce is fueling a tight market for distribution and fulfillment centers space, either leased, purchased or through a partner, as companies look to expand their networks to meet growing consumer demand for rapid parcel delivery. And CBRE’s most recent report on the U.S. Source: Multichannel Merchant.

Supply Chain Planning Software 60

Supply Chain Planning Software Manufacturing Procurement Procurement Solutions Supply Chain Software 60

Claritum

JULY 5, 2018

Claritum Article - Procurement Blog. An approach to Tail Spend Analytics. Benefits of better Analytics. If you can measure it then you can manage it” This statement is so true in the procurement field. Procurement needs to have real time data on the entire supply chain. 3 An approach to Tail Spend Analytics.

Analytics Software 36

Analytics Software Procurement Analytics Predictive Analytics Software Procurement Solutions 36

EC Sourcing Group

JANUARY 12, 2023

Procurement success is defined by the outcomes. Spend Visibility is the foundation of any mature procurement function because it identifies inefficiencies and areas of opportunity that lead to better decision-making and ultimately, better outcomes. The path to your desired outcomes may seem tricky, but Simfoni can help.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 52

Precoro

OCTOBER 10, 2022

In today's competitive market, where it's not all about cost savings, tracking procurement performance and aligning it with business goals and objectives is a must-have. So how do you measure the effectiveness of procurement operations within your organization? What Are Procurement KPIs, and Why Use Them?

Procurement Analytics 52

Procurement Analytics Optimal Sourcing Manufacturing Procurement Procurement Solutions 52

ThroughPut

SEPTEMBER 27, 2021

As per the world reports of global goods shortages , optimized replenishment planning with demand drivers, has become a necessity. However, markets and vendors struggled to fulfill this demand the second time around. Demand forecasting is a means to not just anticipate demand, but also strengthen systems that cater to this demand.

Inventory Reduction 52

Inventory Reduction Vendor Strategies Optimal Sourcing Modeling 52

Unleashed

OCTOBER 4, 2023

There are many steps to follow, and different tactics available for every business model. The order fulfilment process covers every step required to get goods to the people who purchase them, from the moment a customer places an order to when they receive their purchase. Order fulfilment is just one part of the supply chain.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Resource Reduction Cost Reduction Strategies 52

Locus

NOVEMBER 10, 2021

The typical 24-hour online sale was extended to 11 days, reporting about 200,000,000 global transactions. A growing number of customers want to truly make a difference and are becoming careful about their purchases. A growing number of customers want to truly make a difference and are becoming careful about their purchases.

Optimal Sourcing 52

Optimal Sourcing Trends Supply Chain Planning Software Supply Chain Design Software 52

Locus

DECEMBER 15, 2022

A survey predicts that e-commerce sales in India will hit the $100 billion mark for the first time in 2023. It’s a huge disappointment for your customers if they don’t receive their orders on time. Just like customers, delivery exceptions hurt your business. Shipping carriers won’t operate during these times.

Real-time Visibility 52

Real-time Visibility Predictive Analytics Software Supply Chain Planning Software Optimal Sourcing 52

ThroughPut

DECEMBER 5, 2023

Supply chain operators need to take a step back and closely examine their demand forecasting process to optimize supply chain operations, reduce costs, and improve customer satisfaction. Demand forecasting is the process of predicting future demand for a product or service, which helps businesses plan and allocate resources effectively.

Supply and Demand 52

Supply and Demand Forecasting Forecasting Software Demand Planning Software 52

Locus

APRIL 3, 2023

Logistics management involves the efficient and effective coordination of various tasks related to the transportation, storage, and delivery of goods, services, and information starting from the source to the end-users. Source: Zebra Technologies). Logistics management plays a key role in these processes. between 2020 and 2027.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Optimization Optimization Software Supply Chain Planning Software 52

SupplyPike

DECEMBER 4, 2019

Additionally, understanding what OTIF means and the purchaser’s requirements is essential as well. SupplyPike OTIF does the manual and tedious work of pulling OTIF related data from multiple sources, joining it intelligently, and storing it indefinitely so that you don’t have to. On Time Performance by Carrier.

Optimal Sourcing 52

Optimal Sourcing Purchasing Skills Analysis Supply Chain Planning 52

EC Sourcing Group

FEBRUARY 9, 2022

Spend management refers to the process of managing company purchasing and relationships with suppliers to keep track of every dollar spent , resulting in procurement cost reduction. It’s estimated that 80 percent of suppliers represent just 20 percent of an organization’s spend, and 20 percent must be accounted for.

Procurement Analytics 52

Procurement Analytics Optimal Sourcing Procurement Solutions Material Savings 52

EC Sourcing Group

FEBRUARY 7, 2022

Spend management refers to the process of managing company purchasing and relationships with suppliers to keep track of every dollar spent , resulting in procurement cost reduction. It’s estimated that 80 percent of suppliers represent just 20 percent of an organization’s spend, and 20 percent must be accounted for.

Procurement Analytics 52

Procurement Analytics Optimal Sourcing Procurement Solutions Material Savings 52

Precoro

AUGUST 9, 2022

Andrew Jefferson, COO at Ridgeline, and Isabel Göller, Finance Manager, were kind enough to share their experience optimizing the purchasing process using the Precoro procurement solution. Ridgeline's Initial Procurement Process. As Ridgeline was a start-up business, its procurement process was initially manual.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Optimal Sourcing Waste Reduction 52

Locus

DECEMBER 6, 2022

For a successful retail business today, making deliveries on time is the most basic of customer expectations. As online deliveries become the norm, delivery experiences take a more holistic form and must deliver more than just the package that was ordered. Choose from many delivery options.

Optimal Sourcing 52

Optimal Sourcing Shipping Sourcing Strategies Purchasing Skills 52