Eyvo

SEPTEMBER 28, 2021

Managing procurement processes and supply chains can be strenuous for many organizations. Resilient supply chains and efficient eProcurement software are what make the recent trends in procurement complete. Companies with intelligent and smooth procurement software were able to battle the storm and stand strong.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Analytics Software Supply Chain Software 52

EC Sourcing Group

DECEMBER 7, 2021

Procurement: What Is the Best Professional eSourcing Service? eSourcing in procurement falls under the umbrella of the procurement process, just as procurement fits within the supply chain. The Benefits of Procurement Software: Automation. The Benefits of Procurement Software: eAuctions.

Procurement 52

Procurement EC Sourcing Sourcing Strategies Analytics Software 52

Precoro

MAY 22, 2023

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.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Pricing Training Purchasing Skills 52

EC Sourcing Group

JULY 13, 2021

How to Optimize Your Procurement Sourcing Systems. Finding the right tools and measures to optimize your procurement sourcing systems is a must. While optimization does rely heavily on procurement sourcing software , there are other ways to optimize the procurement management process.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Analytics Software Supply Chain Network Software 52

EC Sourcing Group

AUGUST 31, 2021

Top 5 Sourcing and Procurement Techniques. With sourcing and procurement , a solid strategy is essential to ensure that your ROI is strong, your relationships with your suppliers are doing well, and that your team appropriately supports your stakeholders and company’s overall goals andobjectives. .

Optimal Sourcing 52

Optimal Sourcing Sourcing Strategies Sourcing Procurement 52

EC Sourcing Group

JULY 28, 2020

Objectives of Procurement Management. The objectives of procurement management can range from the most general, such as “buying goods and services,” to the more complex, such as “supporting organizational goals within the team.” What Is Procurement Management? Objectives of Procurement Management: Managing Contracts.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 52

ivalua

MAY 17, 2023

This year, our discussions covered Invoice Automation, Scope 3 Emissions, Contract Management, Supply Chain Collaboration, Indirect/Services Procurement, and Supplier Management–Customer of Choice. With the support of technology, procurement is well-positioned to help organizations adapt to today’s uncertain world,” he added.

Nashville 130

Nashville Manufacturing Procurement Optimal Sourcing Supply Chain Planning Software 130

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

EC Sourcing Group

JUNE 8, 2021

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.

Optimal Sourcing 52

Optimal Sourcing Procurement Solutions Procurement Analytics Sourcing Strategies 52

EC Sourcing Group

AUGUST 24, 2021

Category management in procurement is an integral part of the procurement strategy in which procurement managers take specific products or services and divide them into certain categories. Category Management in Procurement : Category Management Best Practices. Once you catch maverick spend, it’s time to rein it in.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Price Mitigation Strategies Supply Chain Optimization 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. Thus, you’ll see a lot of: eSourcing tools.

Procurement Solutions 52

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

EC Sourcing Group

NOVEMBER 8, 2023

The procurement world is on the brink of a new era. These innovations aren’t just upgrades—they are game-changers, reshaping the procurement landscape and setting the bar for what’s possible. The efficiencies and accuracies gained today lay the groundwork for more strategic and informed procurement decisions tomorrow.

Optimal Sourcing 52

Optimal Sourcing Analytics Software Optimization Software Sourcing Strategies 52

Resilinc

MARCH 26, 2024

While these solutions all utilize predictive AI, they rely on different models, including regression models, time series forecasting, classification models, clustering models, recommendation models, and simulation models. This engine leverages AI to identify how a supplier will perform by analyzing past events and on-time delivery data.

Modeling 113

Modeling Supply Chain Risk Management Modeling Software Risk Management 113

EC Sourcing Group

AUGUST 16, 2022

Unethical Sourcing Practices in Procurement and How to Avoid Them. In procurement, unethical practices can be hard to spot. Say you took a gift or a low price from a vendor, neither of which seemed unethical at the time. A perceived lack of ethics may affect your reputation and the entire procurement process and supply chain.

Sourcing 40

Sourcing Procurement Negotiate Pricing How To 40

Supply Chain Shaman

NOVEMBER 11, 2020

They are just too risky. Sniffing opportunity, the venture capitalists are like sharks in the water. While the supply chain technology market lost its allure at the start of the last decade, it is now cool again. I forecast that this interest will grow and the market is going to become more confusing. Reflection. Evolution is messy.

Supply Chain Design Software 297

Supply Chain Design Software Procurement Solutions Manufacturing Procurement Supply Chain Planning Software 297

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. Finding Your Own Goals in Procurement. Decrease cycle time. Goals of Procurement Management: Vendor Management.

Procurement Analytics 52

Procurement Analytics Procurement Solutions Purchasing Skills Procurement 52

Logistics Viewpoints

OCTOBER 19, 2023

Months went by, but we were in the thick of the pandemic, with global supply chains under immense pressure, so I just assumed materials shortages were to blame. I should have known better. I work in supply chain. What was the problem? I ordered a table online without checking reviews sufficiently.

Supply Chain Planning Software 225

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Planning 225

Precoro

JULY 8, 2022

One should keep in mind that every transaction has an additional hidden cost in labor and overheads, such as the time spent sourcing products, tracking deliveries, matching invoices, and overseeing suppliers. There are several undeniable benefits of hiring purchasing managers, as they immediately affect various procurement KPIs.

Purchasing Skills 98

Purchasing Skills Manufacturing Procurement Negotiating Skills Procurement Solutions 98

ivalua

NOVEMBER 26, 2020

In a blog at the very start of the COVID-19 outbreak when confirmed cases had just exceeded 40,000, we discussed the considerations for organizations facing the outbreak. At the time, this article is being drafted, COVID-19 Cases have topped 59M, underscoring how much the world has endured in 2020.

Sourcing Strategies 264

Sourcing Strategies Material Savings Cost Reduction Strategies Inventory Reduction 264

ivalua

APRIL 23, 2020

Like every industry Procurement & Supply Chain software vendors are having to find new approaches in the pandemic world, and firms are coming up with ways of holding events virtually, some of which work better than others. Do you remember the days when we used to attend these things called “conferences”? Crazy, wasn’t it! .

Supply Chain Planning Software 46

Supply Chain Planning Software Procurement Supply Chain Software Supply Chain Planning 46

EC Sourcing Group

FEBRUARY 8, 2023

Think about it this way: Would you rather spend time focusing on the core aspects of your business or spend valuable time and money trying to manage multiple vendors via spreadsheets and legacy systems manually? Sourcing Strategies in Procurement: What Is Traditional Sourcing?

Optimal Sourcing 52

Optimal Sourcing Purchasing Skills Sourcing Strategies Negotiating Skills 52

EC Sourcing Group

AUGUST 9, 2022

Sourcing is an integral part of procurement management and an upstream part of the supply chain, affecting its overall success. However, sourcing is more than just acquisition—it also involves seller selection, negotiation for contracts, and evaluation of your suppliers over a period of time. Increased transparency.

Optimal Sourcing 52

Optimal Sourcing Sourcing Strategies Sourcing Supply Chain Software 52

Supply Chain Game Changer

JULY 21, 2021

In supply chain, simply observing your entire supply chain in action to assess it is not possible, but with data and a reliable performance management system like The Owl, you can at-least have a real-time view of your supply chain performance through KPIs and metrics. Product Management KPIs! Get Our EBOOK HERE. OTIF (Service).

Supply Chain Planning Software 98

Supply Chain Planning Software Negotiating Skills Purchasing Skills Manufacturing Procurement 98

ThroughPut

MAY 3, 2024

It’s no longer just about getting goods from A to B; it’s become a vital piece of the supply chain puzzle. 77% of the world’s largest ports are still facing backlogs, and that doesn’t just affect your logistics efficiency and costs, it impacts your entire supply chain and business. We’ve all been witness to this!

Procurement Solutions 52

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

EC Sourcing Group

AUGUST 1, 2022

eAuction tools are imperative to sourcing, affecting your sourcing , procurement management, and ultimately, the entire supply chain. This is important because you want to run the auction type that best suits your needs and the procurement of goods and services. Real-time Monitoring and Analysis.

Supply Chain Software 52

Supply Chain Software Tools Price Reduction Sourcing Strategies 52

SCMDOJO

APRIL 11, 2023

It covers the basics of procurement, including procurement strategies, contract management, and supplier selection. You’ll also learn about supply chain management and the various stages of the procurement process. You’ll also learn about supply chain management and the various stages of the procurement process.

Supply Chain Design Software 113

Supply Chain Design Software Course Supply Chain Planning Software Supply Chain Software 113

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

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? Tail Spend Software: Identifying Tail Spend.

Procurement Solutions 52

Procurement Solutions Supply Chain Software Optimization Software Optimal Sourcing 52

EC Sourcing Group

DECEMBER 5, 2022

Compliance is one of the essential pieces of procurement management. Strategic sourcing and contract compliance involve more than just selecting a supplier for a project. However, there are still important steps within procurement management , including ensuring that contract compliance is followed. . Negotiate deliverables.

Negotiating Skills 52

Negotiating Skills Sourcing Strategies Purchasing Skills Sourcing 52

Precoro

JANUARY 30, 2023

In addition, it lets you store purchase orders in one place and access them at any time, which is crucial when it comes to analyzing orders and supplier performance. Relying on a PO system to automate the purchasing journey will simplify your processes and reduce dependence on time-consuming and unreliable manual tasks.

Procurement Solutions 52

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

Bristlecone

MARCH 13, 2020

Transform Global Sourcing in Just Six Weeks with Bristlecone AribaRDS. With Bristlecone AribaRDS (Rapid Deployment Solution), mid-market businesses can transform global sourcing, gain visibility, reduce cycle times and start achieving procurement savings with SAP Ariba Sourcing in as little as six weeks with minimal downtime.

SAP 52

SAP Packaging Price Reduction Just-in-Time 52

Freightos

JANUARY 16, 2024

Judah Levine January 16, 2024 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) fell 5% to $2,588/FEU. Europe – N. America weekly prices increased 2% to $1.84/kg.

Negotiating Skills 236

Negotiating Skills Asia Optimal Sourcing Europe 236

EC Sourcing Group

SEPTEMBER 28, 2021

In the world of procurement management , one thing that’s a given is working with suppliers. You may be unfamiliar with the terms or are unsure how to procure strategic suppliers—or you want to learn how strategic suppliers fit in the procurement world. Sourcing and Procurement Techniques: What Makes a Supplier Strategic?

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Supply Chain Software EC Sourcing 52

EC Sourcing Group

FEBRUARY 11, 2022

A reverse auction is an important part of procurement as procurement is vital throughout the entire supply chain. Some advantages to reverse auctions include cost and time savings, and discovering new suppliers. Some of the features you should consider include: Ability to watch bids in real-time via the Internet.

Analytics Software 52

Analytics Software Optimization Software Optimal Sourcing Demand Planning Software 52

EC Sourcing Group

DECEMBER 13, 2021

There would be phone calls, faxing, and filing, but today, eSourcing software has streamlined that process to make procuring auction vendors much more efficient. Money and time can be lost if you connect with an auction vendor that does not fulfill your needs. Auction Vendors: Differences Between Sourcing vs. Procurement.

Purchasing Skills 52

Purchasing Skills Optimal Sourcing Sourcing Strategies Negotiating Skills 52

EC Sourcing Group

APRIL 27, 2021

When the topic of global sourcing comes up, procurement managers often balk at global sourcing in supply chain management because they worry they will have to sacrifice quality or delivery when using global suppliers. Supply chain management is the big picture, of which procurement is merely a piece. Innovative ideas. Better quality.

Manufacturing Procurement 52

Manufacturing Procurement Sourcing Supply Chain Software EC Sourcing 52

EC Sourcing Group

FEBRUARY 2, 2021

The term eTendering can be a confusing concept if the term isn’t fully explained to a buyer who’s just in the process of taking their procurement processes online. There is also less overhead within the procurement department as you move over into the digital world. The Top 5 Benefits of eTendering. eTendering is Easy to Use.

Sourcing Strategies 52

Sourcing Strategies Supply Chain Software Procurement Just-in-Time 52