EC Sourcing Group

FEBRUARY 9, 2021

Sourcing is one of the most important foundations of procurement—if you’re not able to find the right suppliers you need and source goods from them, procurement cannot occur, and the entire supply chain, in essence, crumbles apart. However, eSourcing has changed all that and wholly streamlined the procurement process.

Optimal Sourcing 52

Optimal Sourcing Sourcing Strategies Vendor Strategies Price Mitigation Strategies 52

ivalua

NOVEMBER 26, 2020

As we began to study supply chains, it became obvious why the supply chain strategies have evolved in this fashion. This made it impossible for organizations to foresee disruptions or even adequately identify mitigation strategies as they had difficulty identifying the source of the disruption as it cascaded through their supply chain. .

Sourcing Strategies 264

Sourcing Strategies Material Savings Cost Reduction Strategies Inventory Reduction 264

ThroughPut

MAY 9, 2024

Businesses can no longer afford to function based on a linear “push” model – where they procure raw materials, produce goods, and go to market with what they have, whenever they have it. A resilient supply chain has great visibility and the agility to shift sourcing, manufacturing and distribution activities around fairly rapidly.

Negotiate Pricing 52

Negotiate Pricing Negotiating Skills Optimal Sourcing Supply Chain Planning Software 52

EC Sourcing Group

AUGUST 30, 2022

The endless back-and-forth could take days, sometimes weeks or months to source the needed service or materials. Study the marketplace thoroughly and your place in it (is it a buyer’s or seller’s market?) Increased ability to meet procurement deadlines. Remember, you can still negotiate with the leading contenders .

Buyer Training 52

Buyer Training Negotiate Pricing Negotiating Skills Material Savings 52

Precoro

FEBRUARY 27, 2023

After all, a clear picture of the company's procurement process is necessary to develop a sustainable future strategy and to avoid pitfalls that hold your business back. Spend analysis involves spend visibility , spending review , and procurement process improvement. The answer is simple: spend analysis.

Analysis 52

Analysis Purchasing Skills Optimal Sourcing Procurement Analytics 52

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

EC Sourcing Group

JUNE 1, 2021

How to Master Your Strategic Sourcing Process. Suppose you’re new to strategic sourcing, or you’re just taking a look at your strategic sourcing methodology to ensure that you’re following best practices. Read on to learn more about strategic sourcing, its meaning, benefits, and ways to enhance your sourcing processes. .

Negotiating Skills 52

Negotiating Skills Sourcing Strategies Optimal Sourcing Negotiate Pricing 52

Arena Solutions

JUNE 13, 2024

Rob Pakalski is CEO of Datum Source. My name’s Rob Pakalski and as Karan mentioned, I’m Co-Founder and CEO of Datum Source. Each of those roles has really given me an opportunity to lead different critical supply chain projects, and I’d say that my area of expertise is really around the new product introduction procurement.

Supply Chain Design Software 52

Supply Chain Design Software Analytics Software Supply Chain Planning Software Demand Planning Software 52

ThroughPut

OCTOBER 16, 2022

According to a study by Deloitte , those companies that were best equipped to respond to the disruption driven by the pandemic had robust relationships with their supplier and partners and the required tools in place to offer visibility into their broader supply networks. To access ThroughPut’s AI expertise, book a demo here.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Modeling Supply Chain Planning Software 52

Arkieva

JULY 25, 2016

Source: Multichannel Merchant. Source: Supply Chain Digest. Journal of Supply Chain Management Analyzes the Correlation Between Product Categories, Order Procurement and Fulfilment, and Its Effect on Repurchase Intention in Ecommerce. Source: Journal of Supply Chain Management. Source: Arkieva Blog. Software Suite.

Supply Chain Planning Software 60

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

RFgen

JUNE 8, 2023

After all, if products are not properly traced, accounted for, and utilized, there are far-reaching effects across the product life cycle, from procurement to delivery. devices, and more—providing a single source of truth. Understanding the importance of inventory management is crucial for any organization.

Inventory Management Software 57

Inventory Management Software Supply Chain Planning Software Optimization Software Demand Planning Software 57

synchrono

JANUARY 8, 2018

As a result, many manufacturers limited their use of VMI to Class C items that were relatively inexpensive and easily sourced. Upon consumption of a Kanban, a signal is sent to a supplier or contract manufacturer, bypassing the standard procurement process and shortening cycle times. Demo On-Demand: SyncKanban.

Vendor Strategies 75

Vendor Strategies Inventory Reduction Inventory Manufacturing Procurement 75

Unleashed

NOVEMBER 26, 2023

It acts as a central source of information for each link in the supply chain – aiding the humans behind those links. Procurement managers – Compare supplier lead times and manage all your vendors in one place. Case study: How Circle One reduced sales order and purchasing admin time by 50% with Unleashed.

Inventory Management Software 52

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

Supply Chain Shaman

MARCH 7, 2017

Then the packed halls had a lot of business user case study presentations. The 1610 SAP S/4 HANA release includes advancements in response management (allocation, ATP and order management) and procurement tracking and collaboration of purchase order workflows. It has always been more valuable to me than Sapphire. It is a muddle.

Supply Chain Planning Software 180

Supply Chain Planning Software Supply Chain Design Software Prescriptive Analytics Software SAP 180

EC Sourcing Group

JANUARY 18, 2022

With procurement and sourcing, eSourcing is one of the most important pieces. The trick with sourcing is to get quality products at a lower price to help save money while maintaining solid relationships with your suppliers. The first five steps of a reverse auction are: Study the marketplace.

Optimal Sourcing 52

Optimal Sourcing EC Sourcing Logistics Network Optimization Software Optimization Software 52

ThroughPut

APRIL 6, 2020

Managing inventory is one of the most crucial aspects of supply chain optimization as it affects several other parts of your supply chain, including procurement, order fulfilment and production planning. They also get the ability to do a comparison and quickly reconfigure the essential material needed to procure from various suppliers.

Optimal Sourcing 59

Optimal Sourcing Optimization Software Supply Chain Planning Software Supply Chain Design Software 59

EC Sourcing Group

AUGUST 10, 2021

Reverse auctions can play an important role in strategic sourcing , particularly because both buyers and suppliers have complete transparency using this approach. . However, even though they may be one of the primary strategic sourcing tools and techniques for some buyers and suppliers, they may fail for others. Having a poor platform.

Procurement Solutions 52

Procurement Solutions Purchasing Skills EC Sourcing Sourcing Strategies 52

ThroughPut

APRIL 2, 2020

Managing inventory is one of the most crucial aspects of supply chain optimization as it affects several other parts of your supply chain, including procurement, order fulfillment, and production capacity planning. Needed to automate the procurement order processes. This helps solve several problems for them: 1. Inventory control.

Optimal Sourcing 52

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

ThroughPut

MARCH 25, 2024

On the other hand, demand planning turns these forecasts into actionable plans, considering aspects like inventory levels, production schedules, and procurement. These systems can process and analyze large datasets from diverse sources, including unstructured data like social media posts, to provide deeper insights into consumer behavior.

Forecasting 52

Forecasting Forecasting Software Modeling Demand Planning Software 52

Arena Solutions

MARCH 8, 2024

What I find really interesting and exciting as well, and there are supporting studies that highlight this, is more and more companies understand today and start to leverage the competitive advantage that comes from realizing, being in the known and making the products future-proof. So, those are for me, the two core drivers.

Material Savings 52

Material Savings Resource Reduction Supply Chain Design Software Manufacturing Procurement 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. Thanks to Andrew and Isabel, we gathered valuable information on how procurement automation can improve purchasing workflow and employee productivity.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Optimal Sourcing Waste Reduction 52

ivalua

SEPTEMBER 24, 2020

A recent study by Forrester found that the single greatest factor in increasing a supplier’s willingness to collaborate with and share innovations with a customer was timeliness of and visibility into payments. All too often, Invoice-to-Pay is seen as an isolated process, sitting on its own at the end of a procurement journey.

Optimal Sourcing 100

Optimal Sourcing Procurement Solutions Procurement Analytics Supply Chain Software 100

Claritum

APRIL 25, 2018

However, it is important for companies to manage the process of sourcing promotional goods effectively. A lot of time and energy can be spent inefficiently sourcing the goods, which can be bought from a huge variety of suppliers at vastly differing prices and quality. Source: PPAI Sales Volume Study Summary.

Sourcing Strategies 32

Sourcing Strategies Purchasing Skills Optimal Sourcing Sourcing 32

ivalua

MAY 7, 2019

As procurement faces an ever-growing list of objectives, digital transformation becomes ever more critical. No surprise then that there is hardly a procurement organization out there that has not started or is now contemplating digital transformation. The first is a drastically exaggerated sense of progress among procurement leaders.

Optimal Sourcing 145

Optimal Sourcing Supply Chain Network Software Modeling Software Procurement 145