EC Sourcing Group

MARCH 21, 2022

Sourcing is a vital piece of procurement and the overall supply chain itself. However, just about anything can be improved upon, and sourcing optimization and optimized operations can help streamline the process. Read on to learn more about how to optimize the procurement process and how to improve upon sourcing.

Optimal Sourcing 52

Optimal Sourcing Sourcing Optimization Software Supply Chain Planning Software 52

EC Sourcing Group

DECEMBER 13, 2021

What Is Vendor Sourcing? Generally speaking, vendor sourcing is when you choose vendors to supply you with either goods or services. In years past, vendor sourcing could be an intricate and lengthy process. Read on to learn more about auction vendor sourcing and more about the management process.

Purchasing Skills 52

Purchasing Skills Optimal Sourcing Sourcing Strategies Negotiating Skills 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 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. Expand your networks.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Analytics Software Supply Chain Network Software 52

EC Sourcing Group

APRIL 27, 2021

5 Benefits of Global Sourcing in Supply Chain Management. 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. Read on to learn about the benefits. Operational.

Manufacturing Procurement 52

Manufacturing Procurement Sourcing Supply Chain Software EC Sourcing 52

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 16, 2022

Unethical Sourcing Practices in Procurement and How to Avoid Them. Say you took a gift or a low price from a vendor, neither of which seemed unethical at the time. Every company wants to save money, but the right sourcing software can help you manage spend and save money the right way. Illegal sourcing. Favoritism.

Sourcing 40

Sourcing Procurement Negotiate Pricing How To 40

EC Sourcing Group

NOVEMBER 8, 2023

These innovations aren’t just upgrades—they are game-changers, reshaping the procurement landscape and setting the bar for what’s possible. With deeper learning capabilities and more nuanced decision-making algorithms, AI is streamlining the most complex sourcing tasks, offering a significant competitive advantage to early adopters.

Optimal Sourcing 52

Optimal Sourcing Analytics Software Optimization Software Sourcing Strategies 52

TrackVia

MARCH 25, 2024

Imagine being able to track your team’s progress on a project from anywhere, at any time, with just a few taps on your smartphone. That’s the power of mobile workflow solutions, and it’s not just a pipe dream – it’s happening right now, in businesses just like yours.

Optimal Sourcing 105

Optimal Sourcing Supply Chain Design Software Cost Reduction Strategies Waste Reduction 105

ivalua

OCTOBER 22, 2020

This year’s edition comes at an interesting time, with the Covid-19 pandemic having shifted Procurement priorities and employee working practices. In Gartner’s Magic Quadrant, they forecast the Procure-to-Pay software market to dip slightly this year, as companies focus on solutions with faster time to value.

Procurement Solutions 147

Procurement Solutions Supply Chain Planning Software Supply Chain Software Forecasting Software 147

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

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

ThroughPut

APRIL 30, 2024

It has the power to analyze vast datasets, predict future trends with remarkable accuracy, and adapt to changes in real time, offering businesses a competitive edge. Each plays a vital role in ensuring that the right products are available at the right time and place, optimizing the supply chain’s efficiency and responsiveness.

Forecasting 52

Forecasting Forecasting Software Supply Chain Planning Software Modeling 52

Locus

OCTOBER 25, 2023

A legacy enriched by global outreach in sourcing, manufacturing, refining, logistics, and more, one of the reasons for FKS Group’s diverse business growth is its strong commitment to logistics and infrastructure and a profound understanding of regional market dynamics. The result? Delays and tangible customer dissatisfaction.

Optimal Sourcing 59

Optimal Sourcing Food Optimization Software Demand Planning Software 59

EC Sourcing Group

AUGUST 1, 2022

eAuction tools are imperative to sourcing, affecting your sourcing , procurement management, and ultimately, the entire supply chain. Always ask for a demo to see if this software will be a good fit for your company (and your suppliers—their frustration or lack thereof matters just as much).

Supply Chain Software 52

Supply Chain Software Tools Price Reduction Sourcing Strategies 52

EC Sourcing Group

SEPTEMBER 6, 2022

Choosing an eco-friendly supply chain saves you both time and money. Best Sourcing Software : How Supply Chains Become More Sustainable. Are materials and products sourced from ethically run businesses? Suppose your company is just getting started with sustainability initiatives. Is packaging and delivery eco-friendly?

Material Savings 52

Material Savings Waste Reduction Supply Chain Software Vendor Strategies 52

Supply Chain Shaman

NOVEMBER 11, 2020

The discipline, first defined in 1982, includes source, make, deliver, and planning functions. 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. Reflection.

Supply Chain Design Software 297

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

ThroughPut

APRIL 15, 2024

It has the power to analyze vast datasets, predict future trends with remarkable accuracy, and adapt to changes in real time, offering businesses a competitive edge. Each plays a vital role in ensuring that the right products are available at the right time and place, optimizing the supply chain’s efficiency and responsiveness.

Forecasting 52

Forecasting Forecasting Software Supply Chain Planning Software Modeling 52

BlueYonder

SEPTEMBER 7, 2023

The problem affects all of us, limiting product availability, creating a less convenient shopping experience and putting our team and guests in harm’s way,” said Cornell, who pegged it as an urgent issue “not just for Target, but across the entire retail industry.” billion in 2021, up from $90.8 billion from 2020.

Retail 109

Retail Inventory Reduction Real-time Visibility Supply Chain Design Software 109

ivalua

NOVEMBER 26, 2019

Deploying best practices is great, but just means you are doing the same thing as other high performers. To do that, you need teams that can act on that information, use that free time, to bring their best ideas to life. Just how can you do that? Alex Saric, CMO, Ivalua. The Importance of Ambition. That is a shocking disparity.

Optimal Sourcing 130

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 130

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

EC Sourcing Group

NOVEMBER 23, 2021

A Request for Proposal (or RFP as it is more commonly known) is one of the most important pieces in sourcing and procurement and the overall supply chain. However, this can be a tedious process if you’re still sourcing using spreadsheets or haven’t made your procurement process digital quite yet. FlexRFP eSourcing: Project Types.

EC Sourcing 52

EC Sourcing Material Savings Manufacturing Procurement Price Reduction 52

crisp

DECEMBER 17, 2021

When the FDA officially distinguished allulose from regular sugar in 2019, the former consultant and tech executive knew the time was ripe: he incorporated his new company, RxSugar, just days later. Fast forward just two years, and RxSugar’s line of keto and paleo-friendly sugars and syrups are now available in over 12,000 stores.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Software Supply Chain Strategy Supply Chain Planning 98

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

EC Sourcing Group

SEPTEMBER 28, 2021

One of the most important sourcing and procurement techniques is working with strategic suppliers and ensuring that you have a good relationship and understanding with this supplier base because this has a lot to do with the importance of quality in supply chain management. What Are Strategic Suppliers? It goes much further than that.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Supply Chain Software EC Sourcing 52

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

EC Sourcing Group

DECEMBER 7, 2021

eSourcing in procurement falls under the umbrella of the procurement process, just as procurement fits within the supply chain. Automation is one of the more prominent benefits of procurement software, as it saves labor and time by eliminating repetitive tasks. Procurement: What Is the Best Professional eSourcing Service?

Procurement 52

Procurement EC Sourcing Sourcing Strategies Analytics Software 52

EC Sourcing Group

APRIL 19, 2022

eSourcing is a digital way to source suppliers. Your software should have itemized ranking, analytics, and real-time feedback. Time-saving. The “old” days of sourcing were quite tedious, even when spreadsheets emerged as a tool. What Is eSourcing Software? The right platform benefits both buyer and supplier.

Analytics Software 52

Analytics Software Optimization Software Optimal Sourcing Supply Chain Software 52

EC Sourcing Group

FEBRUARY 11, 2022

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. Multiple sourcing functions. This helps you take all factors into account, not just the lowest bid.

Analytics Software 52

Analytics Software Optimization Software Optimal Sourcing Demand Planning Software 52

EC Sourcing Group

MARCH 29, 2022

eSourcing is sourcing done digitally—tools that aim to simplify, streamline, and improve procurement and strategic sourcing overall.The eSourcing software you use is also important. Your eSource system should include a source-to-contact centralized eSourcing management platform. So, what is eSource? Electronic Line ItemBids.

Optimization Software 52

Optimization Software Supply Chain Software Optimal Sourcing Tools 52

EC Sourcing Group

MARCH 14, 2022

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? The suite takes the same amount of time to process large numbers as it does smaller ones – no extra waiting time. Tail Spend Software: Identifying Tail Spend.

Procurement Solutions 52

Procurement Solutions Supply Chain Software Optimization Software Optimal Sourcing 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

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. . At its most basic, the following is a solid explanation of how the supply chain works: Source raw materials or goods from suppliers. 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

The importance of quality in supply chain management can be understated at times. Quality in management is just as important as quality with goods and services. It makes global sourcing in supply chain management more possible and efficient. Logistics and freight movement is more straightforward in these crazy times.

Procurement Solutions 52

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

EC Sourcing Group

APRIL 12, 2022

A reverse auction is just what it sounds like; it is the opposite of a regular auction. Not all online auction portals are the same, so take time to research which may be a good fit for you and your suppliers. If the software is slowing you down instead of speeding it up, it’s time to look for something with more robust features.

Supply Chain Software 52

Supply Chain Software Optimal Sourcing Sourcing Strategies Material Savings 52

crisp

DECEMBER 15, 2021

It’s an incredibly exciting time to work in the supply chain. For one, it’s time consuming. That same survey showed that up to 50% of procurement teams’ time was spent looking for data. How do you know what data points are a true signal, and what’s just noise? The Power (and Pain) of Data. Step 1: Set the strategy.

Procurement Analytics 98

Procurement Analytics Supply Chain Planning Software Manufacturing Procurement Material Savings 98

ThroughPut

MARCH 30, 2021

This process involves not just rethinking packaging and shifting sourcing strategy but also restructuring production processes, rearranging distribution systems, and developing closed-loop supply chain methods that help keep wastage to the minimum. It’s Time to Rethink the Waste with Smart Technology. billion tons worth $1.5

Waste Reduction 126

Waste Reduction Supply Chain Planning Software Resource Reduction Supply Chain Software 126