GlobalTranz

NOVEMBER 29, 2016

Editor's Note: Today's blog is the second part of Chuck Intrieri's series on how procurement and suppliers can avoid issues with their contracts. Procurement and suppliers often assume that small print is highly complicated legal jargon that is both boring and largely irrelevant. How to Begin Your Terms.

Procurement Analytics 120

Procurement Analytics Manufacturing Procurement Procurement How To 120

Precoro

MARCH 31, 2023

March 21 was the second annual iteration of World Sustainable Procurement Day , an online event organized by the Sustainable Procurement Pledge team, SPP Chapters, SPP Champions, and partners to raise awareness about the importance of ethical procurement and to share the best sustainability practices with organizations worldwide.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Manufacturing Procurement Procurement Solutions 52

Precoro

SEPTEMBER 6, 2021

This month, we continue our Procurement Basics series and would like to introduce our readers to yet another set of often misused business terminology. As both sourcing and procurement are related to obtaining supplies for the organization, confusing these two terms is easy. Procurement. What Is Procurement Process?

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Optimal Sourcing Manufacturing Procurement Purchasing Skills Procurement Solutions 97

EC Sourcing Group

OCTOBER 5, 2021

How to Streamline Your Procurement Process from Weeks to Hours. When contract management and procurement software first arrived on the scene, overnight it became an easy way to streamline the procurement process. Businesses didn’t have to rely on excel, emails, conversations, and word documents as much as they did in the past.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 52

ivalua

APRIL 5, 2019

In my last two articles ( here and here ) I’ve been talking about the need for Procurement to think about how we can move beyond our historical transactional role and embrace approaches to help drive competitive advantage and real value for our organisations. I’d suggest that “speed” has both internal and external dimensions.

Procurement Solutions 100

Procurement Solutions Procurement Analytics Optimal Sourcing Procurement 100

Supply Chain Game Changer

JANUARY 9, 2019

Procurement, or Purchasing, is an area of Supply Chain that involves and requires very specific skills and expertise. Regardless of your position or situation it is highly valuable to understand the type of interview questions, and answers, appropriate for Procurement and Purchasing professionals. It can appear useless.

Procurement Analytics 68

Procurement Analytics Manufacturing Procurement Procurement Solutions Purchasing Skills 68

The Logistics & Supply Chain Management Society

AUGUST 20, 2020

Organisations that have successfully implemented RPA initiatives report cost savings of up to 80% and time savings of up to a staggering 40%. Procurement. Procurement can also have RPA do dynamic searches of websites to source or conduct market research for future buys and tenders. Purchase Order Management.

Supply Chain Software 246

Supply Chain Software Supply Chain Planning Software Optimal Sourcing Agile and Lean Supply Chain 246

EC Sourcing Group

DECEMBER 29, 2020

Procurement software covers a lot of bases, and there are many facets to procurement management that could potentially be streamlined and automated if you haven’t done so already. Every procurement and purchasing department is different, and thus, everyone has a different set of needs and standards. Run analytics.

Procurement Solutions 52

Procurement Solutions Inventory Management Software Analytics Software Modeling Software 52

QAD

OCTOBER 24, 2023

As a result, it’s difficult to discover qualified suppliers, effectively collaborate with suppliers and quickly respond to unexpected supply events. Essentially, this information sheds light on your company’s procurement patterns rather than the qualities of the suppliers themselves.

Supplier Management 94

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Precoro

APRIL 18, 2023

In today’s globalized economy, extraordinary events on one continent can be felt worldwide, as companies tend to have complex supply chains involving suppliers from multiple countries. While this complexity allows for cost-efficient production and a wider selection of goods, it also poses significant challenges to supply chain stability.

Supply Chain Planning Software 98

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GlobalTranz

JUNE 4, 2015

In the first post our long tme guest blogger, Chuck Intrieri of The Lean Supply Chai n, gave us 5 core metrics to evaluate supplier performance using supplier quality management and a 4 step process to execute. Review of SQM Metrics and Issues Across 5 Core Industries. #1: Trend Metrics Collected per Site. Medical Devices.

Procurement Analytics 120

Procurement Analytics Metrics Quality Material Savings 120

crisp

DECEMBER 15, 2021

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. That same survey showed that up to 50% of procurement teams’ time was spent looking for data.

Procurement Analytics 98

Procurement Analytics Supply Chain Planning Software Manufacturing Procurement Material Savings 98

Precoro

FEBRUARY 12, 2024

Objectives of liquidity management are to ensure that the business has cash on hand to fulfill its financial obligations and weather the storm during both anticipated and unexpected events, like supply chain disruption or abrupt drop in sales, without enduring significant losses. Let’s explore how. How do companies assess liquidity?

Optimal Sourcing 102

Optimal Sourcing Expense Reduction Inventory Reduction Negotiating Skills 102

Supply Chain View from the Field

DECEMBER 23, 2014

A spend analysis was often viewed as a one-time annual event to derive budgeting estimates, and develop insights into annual contract negotiations. Today, spend analysis is evolving into spend management, which is a much more dynamic and on-going assessment and tracking of spending patterns, matched to other cost drivers and activities.

Negotiating Skills 135

Negotiating Skills Purchasing Skills Procurement Analytics Analytics Software 135

Precoro

MARCH 30, 2022

Strategic Procurement Helps a Business Unleash its Potential. As The Hackett Group discovered, approaching procurement strategically with specific business goals in mind helps achieve a significantly higher ROI. Operational efficiency and cost reduction are among the top procurement priorities for CPOs, according to Deloitte.

Vendor Strategies 52

Vendor Strategies Sourcing Strategies Cost Reduction Strategies Price Reduction 52

Supply Chain Shaman

JUNE 28, 2021

Consumers constantly change the mix preferences in purchases. Somedays, the focus is on steaks or ribs and the next on the purchase of ground or cubed meat. The Company also does not invest in sending the user group to Company A’s events or training. Maximize the value of your purchase.

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Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 231

Supply Chain View from the Field

DECEMBER 16, 2013

I’ve had the good fortune to be presented with opportunities for compelling discussions with a significant group of leading thinkers, senior executives in procurement, logistics, and technology management over this past year. Not surprisingly, analytics is at the top of the list.

Predictive Analytics 117

Predictive Analytics Analytics Software Procurement Analytics Supply Chain Design Software 117

Unleashed

MARCH 5, 2024

Data insights: eCommerce automation software generates better reports in – less time – when compared with manual processes. Supply chain management Manage supplier contact information and interactions ; automatically deliver key documents; synchronise systems with external providers; automatically reorder materials when required.

Supply Chain Software 52

Supply Chain Software Procurement Solutions Examples Inventory Management Software 52

OptiProERP

SEPTEMBER 21, 2023

Inventory forecasting, or demand forecasting, estimates future inventory levels needed using past data, upcoming events, and market trends. Inventory forecasting ensures manufacturers have the proper inventory to meet customers’ needs while minimizing excess inventory costs.

Forecasting 52

Forecasting Forecasting Software Inventory Reduction Supply Chain Planning Software 52

Freightos

MAY 31, 2022

I can walk into a local shop and purchase products from all around the globe. This isn’t just about consumerism; it’s inspiring to think that in purchasing an imported product, we are, in a tiny way, helping provide employment for people across our planet, often in developing countries. I started Freightos a decade ago, in 2012.

Purchasing Skills 156

Purchasing Skills Predictive Analytics Software Logistics Network Optimization Software Supply Chain Planning Software 156

GlobalTranz

APRIL 3, 2018

Manifesting this trend is the terminology and concept of Digital Path to Purchase — the omni-channel, tech-focused approach to supporting and acting on a consumer’s purchase. Supporting an efficient digital path to purchase requires comprehensive digital collaboration.

Supply and Demand 196

Supply and Demand Supply Chain Planning Software Supply Chain Software Optimal Sourcing 196

Precoro

APRIL 24, 2023

Establishing resilient supply chains is one of the top priorities for modern businesses, particularly when operating amid geopolitical volatility like the post-Covid aftermath, global repercussions of Russia's invasion of Ukraine, or extreme weather events. And to do so, an excellent supplier onboarding process is needed.

Supply Chain Design Software 52

Supply Chain Design Software Procurement Solutions Supply Chain Network Software Demand Planning Software 52

HICX Solutions

JANUARY 22, 2019

Automating purchase-to-pay processes. The basic purchase-to-pay (P2P) processes for managing and recording the procurement transaction are already automated to some extent in many organisations. Click here to read the detailed report in full. Artificial intelligence (AI) will take this to a new level. Driving innovation.

Procurement Solutions 40

Procurement Solutions Procurement Analytics Procurement Supply Chain Software 40

Precoro

SEPTEMBER 18, 2023

Let's talk more about these reports. Global Business Travel Association released a study in which they assert that completing an expense report for a single-night hotel stay costs on average $58 and takes about 20 minutes. Non-employees can also sometimes submit an expense report and request reimbursement.

Expense Reduction 105

Expense Reduction Procurement Analytics Report Procurement Solutions 105

Supply Chain Matters

JULY 18, 2022

Last week, project44 confirmed to logistics trade publication Freightwaves that the start-up tech provider has cut upwards of 5 percent of its workforce, amounting to a reported 63 employees. Bloomberg reported at the time that the company’s ARR target for 2022 is $170 million, with a possible IPO destined. Further, $12.7 Bob Ferrari.

Supply Chain Planning Software 52

Supply Chain Planning Software Logistics Network Optimization Software Predictive Analytics Software Procurement Analytics 52

The Logistics & Supply Chain Management Society

JUNE 10, 2021

One misfiled declaration, missing document, or unread urgent email can block a shipment. In-fact delayed shipment may even change the consumer mind, who may cancel their order mid-transit and purchase from a competitor. So, how can logistics handle disruptive events like these? Joseph Lim. Sales Director APAC. BluJay Solutions.

Supply Chain Planning Software 246

Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software Supply Chain Strategy 246

SupplyPike

APRIL 10, 2020

Many suppliers are seeing the COVID-19 pandemic as a “black swan” event. You should also check your event forecast frequently, multiple times per week preferably. You’ll need to work with your buyer on revising their purchasing plans to favor high demand items. Forecasting. For more information, visit our COVID-19 Dashboard.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply and Demand 98

Oracle SCM

MAY 22, 2018

Accordingly, in many companies Quality Management has been addressed already - but with an approach that does not lead to success: It’s typical for a large organization to have implemented multiple quality management processes, data models, and applications over time. The number of systems make getting the answers too complex.

Quality 68

Quality Optimal Sourcing Procurement Analytics Manufacturing Procurement 68

SCMDOJO

MARCH 7, 2023

It could span from purchasing-related processes like RFQ management and Purchase Order Management to Sales and Marketing or Engineering Change management processes as well as the Hiring process and many more. This step is the most time-consuming part of the Kaizen event, but it’s critical for achieving the desired results.

Supply Chain Software 88

Supply Chain Software Waste Reduction Agile and Lean Supply Chain Supply Chain Optimization 88

SCMDOJO

JUNE 3, 2022

Gather the accountants, leaders, department heads, store managers, and ask them which document plays the most significant role in the company. But most will agree that one document is crucial for nearly all business functions, and automating it can ultimately boost your profits. And that’s no other than a purchase order.

Purchasing Skills 102

Purchasing Skills Procurement Solutions Procurement Analytics Vendor Strategies 102

QAD

MAY 24, 2023

The popularity of cloud options has steadily grown with increasing flexibility and scalability, along with less maintenance and overall costs involved. Automate Your Procurement and Sourcing Efforts Procurement and sourcing are core supply chain activities, as it affects almost every aspect of your company’s operations and profit margins.

Supply Chain Planning Software 52

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

Logistics Bureau

NOVEMBER 14, 2018

If you have not yet tackled the question of ethics in procurement, now is a great time to start. It does not matter whether you are a procurement professional, internal customer, external customer, senior executive, or supplier. Procurement is what sets entire supply chains and their organisations in motion.

Procurement Analytics 63

Procurement Analytics Optimal Sourcing Procurement Solutions Pricing Training 63

Supply Chain Shaman

DECEMBER 13, 2015

We can connect through EDI, but a document has latency and limitations for unstructured data. Today, 7% of order and purchase order flows move through business networks. For access to the report on business networks reference this r eport. The event will be invitation only for fifteen manufacturers and fifteen technologists.

Manufacturing Procurement 150

Manufacturing Procurement Procurement Analytics Supply Chain Network Software Procurement Solutions 150

Logistics Viewpoints

MARCH 20, 2023

This January the company reported that its annual recurring revenue grew at over 84% year-over-year. A graph database stores nodes and relationships instead of tables, or documents. Meanwhile decisions like how much production capacity needs to be added, or what raw materials need to be purchased, don’t change on a daily basis.

Supply Chain Planning Software 209

Supply Chain Planning Software Modeling Software Procurement Solutions Demand Planning Software 209

Unleashed

JANUARY 10, 2023

Improving supply chain visibility looks like this: Integrating data from your various systems into one centralised location Working with suppliers to increase supply chain transparency Automating data collection, analysis, and reporting Supply chain visibility relies on accurate, synchronised data. That’s right: your own production process.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain Design Software 52

QAD

JANUARY 19, 2023

Supply chain management is typically broken into three large buckets of intricate processes and roles: Concept: the full cycle, from sourcing and procurement to fulfillment. This integration of supply and demand requires a special mix of business operations, procurement, accounting, and production.

Supply Chain Planning Software 95

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 95

GlobalTranz

APRIL 17, 2018

Those needing to ship parcel in volume should negotiate shipping rates with all applicable carriers, including local and regional carriers, reports David Butcher of ThomasNet. Purchase Insurance. Before shipping anything, consider the value-add of purchasing insurance. Consider Event-Specific Labeling Guidelines.

Material Savings 151

Material Savings Shipping Cost Reduction Strategies Negotiating Skills 151