Procurement Academy

OCTOBER 18, 2023

Indeed, many industry-leading businesses – particularly in the supply chain and procurement industries – are reevaluating how they see the roles in their teams to increasingly prioritize innovation. For example, one of the primary objectives of procurement is cost savings.

Negotiating Skills 52

Negotiating Skills Buyer Training Supply Chain Performance Pricing Training 52

EC Sourcing Group

DECEMBER 5, 2022

Compliance is one of the essential pieces of procurement management. Most organizations today use a strategic sourcing tool to automate this process so they can free up time and resources to focus on more critical issues within the business. Contract Compliance and Strategic Sourcing. The Importance of Contract Compliance.

Negotiating Skills 52

Negotiating Skills Sourcing Strategies Purchasing Skills 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?

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Procurement Solutions Optimal Sourcing Procurement Analytics Procurement 98

Procurement Academy

NOVEMBER 20, 2023

Indeed, our research found that 52% of supply chain and procurement leaders believe personalized eLearning programs are necessary if managers want to upskill their teams and make the most of innovative technologies. Effective communication in this stage involves three vital steps: 1.

Buyer Training 52

Buyer Training Optimal Sourcing Modeling Software Optimization Software 52

EC Sourcing Group

MARCH 21, 2022

Sourcing is a vital piece of procurement and the overall supply chain itself. Read on to learn more about how to optimize the procurement process and how to improve upon sourcing. Also, having a calendar gives you ample time to make adjustments if you don’t have enough resources to complete everything as requested by your stakeholders.

Optimal Sourcing 52

Optimal Sourcing Sourcing Optimization Software Supply Chain Planning Software 52

Freightos

JANUARY 30, 2024

More Resources Home January 30, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market.

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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. Pros: It forms part of the CIPS Level 2 Certificate in Procurement and Supply Operations qualification.

Supply Chain Design Software 113

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

ThroughPut

MAY 3, 2024

It helps coordinate the various supply chain activities, which include the complete range of procurement, development, implementation, commercialization, and delivery of the goods or services to the market. This involved procurement, maintenance, and transportation of military facilities, services, materials, and personnel.

Procurement Solutions 52

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

Precoro

JULY 8, 2022

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. There are several undeniable benefits of hiring purchasing managers, as they immediately affect various procurement KPIs. Increased Savings.

Purchasing Skills 98

Purchasing Skills Manufacturing Procurement Negotiating Skills Procurement Solutions 98

Arena Solutions

MAY 22, 2023

From engineering, quality, and procurement to suppliers and contract manufacturers—everyone must work off the same design to ensure that the right parts get sourced, the proper assembly lines and tooling are in place, and the product meets customer expectations. Visit our 3D Visualization resource page or schedule a demo to learn more.

Supply Chain Design Software 77

Supply Chain Design Software Manufacturing Procurement Procurement Solutions Modeling Software 77

Freightos

NOVEMBER 15, 2023

More Resources Home November 15, 2023 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market.

Price Reduction 258

Price Reduction Negotiating Skills Vendor Strategies Resource Reduction 258

My Office Apps

MAY 30, 2023

Enterprise Resource Planning (ERP) systems have emerged as a powerful solution to address these challenges. With features like automated reorder points and demand forecasting, distributors can streamline procurement and maintain optimal inventory levels.

Optimal Sourcing 78

Optimal Sourcing Inventory Management Software Supply Chain Planning Software Optimization Software 78

Requis

MARCH 10, 2020

Overall, the extraction and processing of natural resources accounts for more than 90% of global biodiversity loss and water stress impacts. – UN report: Global Resources Outlook 2019. Based on a number of sources, we estimate that the Global 2000 spends around $12T annually on procurement of new assets. Request a Demo.

Manufacturing Procurement 52

Manufacturing Procurement Material Savings Sustainability Waste Reduction 52

Freightos

FEBRUARY 28, 2024

More Resources Home February 28, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market.

Negotiating Skills 177

Negotiating Skills Asia Optimal Sourcing Yemen 177

Freightos

JANUARY 16, 2024

More Resources Home January 16, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market.

Negotiating Skills 229

Negotiating Skills Asia Optimal Sourcing Europe 229

Unleashed

FEBRUARY 14, 2024

Step 1: Raw materials procurement One of the first activities of a manufacturing business is to obtain the raw materials needed to produce a finished good. These raw materials can be purchased from suppliers or extracted from natural resources. Get started with a free 14-day trial of Unleashed today.

Inventory Reduction 52

Inventory Reduction Inventory Manufacturing Procurement Inventory Management Software 52

EC Sourcing Group

MARCH 29, 2022

eSourcing is such an essential part of procurement. When eSourcing is optimized, it can positively affect procurement and the overall supply chain. 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.

Optimization Software 52

Optimization Software Supply Chain Software Optimal Sourcing Tools 52

Freightos

FEBRUARY 7, 2024

More Resources Home February 7, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market.

Negotiating Skills 177

Negotiating Skills Optimal Sourcing Syria Asia 177

o9 Solutions

FEBRUARY 27, 2020

Network Modeling – Sourcing Rules, Lead Times, Resource and Material Constraints. Request a demo that will highlight the capabilities that matter to you. Procurement: Digital Assistance. Procurement, Production, Suppliers. Use cases / capabilities favored by our clients. Automated planning master data management.

Supply Chain Planning Software 52

Supply Chain Planning Software Scenario Planning Supply Chain Planning Modeling 52

EC Sourcing Group

OCTOBER 26, 2021

However, the use of information technology in supply chain management has streamlined the world of procurement and purchasing through supply chain management, cloud software, and other types of IT that help boost supply chain efficiency. Automation of the supply chain has resulted in resources (i.e., Cost reduction.

Supply Chain Software 52

Supply Chain Software Logistics Network Optimization Software Inventory Management Software Analytics Software 52

Freightos

FEBRUARY 22, 2024

More Resources Home February 22, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market.

Price Reduction 177

Price Reduction Negotiating Skills Vendor Strategies Resource Reduction 177

EC Sourcing Group

FEBRUARY 1, 2022

Sourcing electronically instead of leaving a paper trail saves time, money, and is a much more efficient way to procure goods and services. Using eSourcing resources and automation, the buyer evaluates suppliers and compares prices more quickly and easily. Frees up procurement professionals for other tasks. Evaluation.

Supply Chain Software 52

Supply Chain Software Optimal Sourcing Buyer Training Price Reduction 52

EC Sourcing Group

FEBRUARY 1, 2022

Sourcing electronically instead of leaving a paper trail saves time, money, and is a much more efficient way to procure goods and services. Using eSourcing resources and automation, the buyer evaluates suppliers and compares prices more quickly and easily. Frees up procurement professionals for other tasks. Evaluation.

Supply Chain Software 52

Supply Chain Software Optimal Sourcing Buyer Training Price Reduction 52

Freightos

NOVEMBER 7, 2023

More Resources Home November 7, 2023 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market.

Negotiating Skills 285

Negotiating Skills Price Reduction Vendor Strategies Cost Reduction Strategies 285

Freightos

FEBRUARY 13, 2024

More Resources Home February 13, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market.

Negotiating Skills 194

Negotiating Skills Optimal Sourcing Asia Europe 194

My Office Apps

AUGUST 22, 2022

By coordinating and optimizing resource usage and material flows incremental improvements go a long way. Being fully integrated Kechie WMS connects with other modules including Inventory, Procurement, Sales, Supply Chain Management and the rest of Kechie ERP software in real-time. Quantity of products.

Inventory Management Software 52

Inventory Management Software Supply Chain Design Software Procurement Solutions Optimization Software 52

Freightos

FEBRUARY 28, 2024

Blog " * " indicates required fields Email * Comments This field is for validation purposes and should be left unchanged.

Negotiating Skills 156

Negotiating Skills Price Reduction Vendor Strategies Optimal Sourcing 156

Unleashed

DECEMBER 12, 2023

It also acts as a crucial document for coordination among different teams – such as design, procurement, production, and quality control – ensuring everyone is on the same page when it comes to manufacturing. Determine whether you have the capacity to complete the BOM using existing resources. What is BOM management?

Sourcing Strategies 52

Sourcing Strategies Material Savings Inventory Management Software Supply Chain Design Software 52

My Office Apps

OCTOBER 17, 2022

With growth and profitability in mind the goal of using an ERP solution should be to improve management of company resources without sacrificing quality and performance. Procurement & Vendor management. ERP systems range greatly depending on the size, function, and needs of an organization. Examples of ERP. Inventory management.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Inventory Management Software Forecasting Software 52

EazyStock

JULY 2, 2021

In inventory management a BOM is critical to ensure the correct quantities of each item are procured and available at the right time to prevent delays along the supply chain. Procurement type. A BOM is often hierarchical, with the finished product at the top and sub-items below. Types of Bill of Materials. Availability.

Material Savings 52

Material Savings Optimal Sourcing Manufacturing Procurement Supply Chain Design Software 52

Requis

AUGUST 13, 2020

12 trillion: the annual procurement spend by the Global 2000 (our estimate based on several sources, see image below). $3 trillion: the overall capex (procurement) spend for global energy in the past three years according to the World Energy Investment 2020 report by the IEA (who predicts a reasonable 20% decline in 2020). $25

Optimal Sourcing 64

Optimal Sourcing Supply Chain Design Software Material Savings Asset Management 64

Freightos

DECEMBER 19, 2023

More Resources Home December 19, 2023 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market.

Negotiating Skills 223

Negotiating Skills Asia Europe Optimal Sourcing 223

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

ThroughPut

JANUARY 2, 2024

It demands an in-depth understanding of every stage of the supply chain, from the initial procurement of raw materials to the delivery of the final product. They necessitate a commitment to excellence, a focus on ongoing improvement, and a readiness to invest in the requisite resources and technology.

Inventory Reduction 52

Inventory Reduction Just-in-Time Resource Reduction Expense Reduction 52

ThroughPut

DECEMBER 4, 2022

Implementing optimized resource management to eliminate bottlenecks. Where resources are scarce, demand-driven forecasting along with effective order replenishment, can identify critical junctions and points of intervention for resources to be deployed for optimized deployment.

Inventory Reduction 52

Inventory Reduction Resource Reduction Cost Reduction Strategies Sourcing Strategies 52

EC Sourcing Group

SEPTEMBER 15, 2020

Once upon a time, companies had to manage purchasing departments and procurement management as though it was the Dark Ages. Today, the procurement management process doesn’t look like that at all, and you have easy procurement software and procurement tracking software to help you along the way. . Inventory maintenance.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Optimal Sourcing Vendor Strategies 52

Freightos

DECEMBER 28, 2023

More Resources Home December 28, 2023 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market.

Negotiating Skills 194

Negotiating Skills Price Reduction Asia Vendor Strategies 194