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

Unleashed

APRIL 5, 2021

Procurement and purchasing are often used interchangeably to describe the role of procurement. What is procurement? Procurement is the process of purchasing a service or a good, usually on a large scale and for commercial purposes. What are the steps in the procurement process? Choose the best supplier.

Procurement Solutions 66

Procurement Solutions Pricing Training Purchasing Training Purchasing Skills 66

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. And don’t forget that the Ivalua NOW event is coming soon to the Louvre in Paris.

Procurement Solutions 100

Procurement Solutions Procurement Analytics Optimal Sourcing Procurement 100

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?

Optimal Sourcing 97

Optimal Sourcing Manufacturing Procurement Purchasing Skills Procurement Solutions 97

ivalua

JULY 11, 2022

New release features AI-powered contract management, more seamless messaging and communications, supplier risk and performance enhancements and procure-to-pay efficiency . Customers will now be able to accelerate contract cycle times with AI-driven document segmentation, clause classification & metadata extraction. Procure-to-Pay.

Optimal Sourcing 130

Optimal Sourcing Supply Chain Software Procurement Solutions Gartner 130

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

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

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. Have inventory management.

Procurement Solutions 52

Procurement Solutions Inventory Management Software Analytics Software Modeling Software 52

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

AFFLINK

JANUARY 20, 2016

You’ve made it clear that strategic procurement is a priority, and they’ve internalized that mandate like their own DNA. So documenting those processes would be a waste of time. Here are just a few reasons why documenting your procurement processes is more important than you may realize: 1. Your people know their stuff.

Procurement 72

Procurement Pharmaceutical Just-in-Time Supply Chain Planning Software 72

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

Supplier Management Procurement Solutions Optimal Sourcing Supply Chain Network Software 94

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

SYSPRO Smarter ERP

AUGUST 2, 2023

From stringent quality standards to comprehensive documentation requirements, Class 1 and 2 manufacturers must navigate a complex landscape to ensure compliance and product excellence. ERP analytics also facilitate the management of the purchasing process through the requisition approval workflow, streamlining procurement activities.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Analytics Analytics Software Optimal Sourcing 98

Procurement Academy

FEBRUARY 22, 2024

Berkshire (UK) & New York (USA) 22 nd February 2024 – Skill Dynamics Moves to Strengthen its Position in Corporate eLearning with the Acquisition of Content Enablers Skill Dynamics, a provider of high-impact, role-based, specialized supply chain and procurement training has acquired Content Enablers, a company renowned for compliance training.

Buyer Training 59

Buyer Training Manufacturing Procurement Supply Chain Planning Software Supply Chain Software 59

SCMDOJO

JULY 28, 2022

This means that every time you host a sourcing event, the same suppliers bid on the same products at the same prices. A database of suppliers offering different types of goods and services means you can invite more suppliers to your event whenever you’re ready to buy something. What is Supplier Registration? Mailing Address.

Negotiate Pricing 108

Negotiate Pricing Purchasing Skills Procurement Solutions Negotiating Skills 108

QAD

JUNE 29, 2023

This means involving stakeholders from across the company, including engineering, manufacturing, procurement, quality, maintainability, serviceability and sustainability, plus key suppliers. Documenting this knowledge is crucial for retaining intellectual property and facilitating future design improvements.

Price Reduction 94

Price Reduction Sourcing Strategies Expense Reduction Resource Reduction 94

AFFLINK

MAY 11, 2017

In much the same way, any business seeking success in the procurement management environment should address the fundamentals first. Procurement management accountability builds from having processes and quality controls that meet or surpass customer expectations. Every supply chain business faces the unknown of disruptive events.

Optimal Sourcing 61

Optimal Sourcing Sourcing Strategies Procurement Cost Reduction Strategies 61

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

The basic purchase-to-pay (P2P) processes for managing and recording the procurement transaction are already automated to some extent in many organisations. Using evidence from past events, AI will help design the process and documents and support the evaluation, which will be heavily automated. Driving innovation.

Procurement Solutions 40

Procurement Solutions Procurement Analytics Procurement Supply Chain Software 40

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

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. Shipping Rates Delivery cost makes up a significant part of a company’s procurement expenses, so visibility is essential for taming the spending.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Real-time Visibility Supply Chain Software 98

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

Jaggaer

JUNE 9, 2020

Procurement teams can lead the way in building a robust system into the future. This should serve as a wakeup call for procurement teams to take a look at the clauses in their contracts. Procurement teams need to be able to make decisions rapidly and relay them to suppliers immediately. Revise Your Contracts.

Sourcing Strategies 52

Sourcing Strategies Price Reduction Manufacturing Procurement Procurement Solutions 52

QAD

JULY 13, 2023

With integrated modules encompassing inventory management, production planning, procurement, quality control, and more, manufacturers can gain real-time visibility into their operations, enabling better decision-making. Cloud systems also facilitate efficient documentation management, reducing the risk of errors and ensuring audit-readiness.

Manufacturing Procurement 88

Manufacturing Procurement Optimal Sourcing Analytics Software Supply Chain Planning Software 88

Shipsy

JUNE 25, 2020

Around 30% of these fields are related to Shipping Line events. Shipsy captures over 50+ different events through integrations with liners to automate this data flow. Shipment events can be updated automatically in the ERP too! Shipment events can be updated automatically in the ERP too! Amit Walia. April 9, 2020.

Supply Chain Software 80

Supply Chain Software Logistics Network Optimization Software Modeling Software Demand Planning Software 80

Logistics Viewpoints

JANUARY 12, 2022

Procurement and Supply Chain are Smarter Together – Practical Use Cases ; Dr. Madhav Durbha ( Coupa ). In a previous post , I made a case for how the Chief Supply Chain Officer (CSCO) and Chief Procurement Officer (CPO) are smarter together. Accordingly Supply Chain and Procurement will need continuous collaboration.

Optimal Sourcing 296

Optimal Sourcing Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Software 296

The Logistics & Supply Chain Management Society

AUGUST 20, 2020

Procurement. Procurement can also have RPA do dynamic searches of websites to source or conduct market research for future buys and tenders. Today many companies spend countless hours reviewing contracts to track and review amendments to original documents. Contract Review. Returns and Refunds Processing.

Supply Chain Software 246

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

Arena Solutions

DECEMBER 23, 2021

An engineering change order (ECO) is a document that specifies either new product design details or proposed changes to existing products. ECOs provide a list of all the components, assemblies, and other documents that are affected. These include manufacturing change orders (MCOs) and document change orders (DCOs). ECO benefits.

Manufacturing Procurement 104

Manufacturing Procurement Supply Chain Design Software Cost Reduction Strategies Procurement Solutions 104

QAD

MAY 31, 2023

As the event progressed, there were some familiar themes that were central to the conversations. As a result, companies need to automate rules of origin determination and the solicitation of supplier documentation. The event is only possible because of the members who attend to learn more about global trade compliance.

Global 52

Global Report Supply and Demand Netherlands 52

EC Sourcing Group

MAY 4, 2021

When you work in procurement, one of the challenges you face is how long sourcing can take. As procurement is only one step in the supply chain, the last thing you want is to slow down the process, but very often, it can feel like things are out of your control. . We want to help you rethink and reimagine procurement.

Sourcing Strategies 52

Sourcing Strategies Sourcing Supply Chain Software EC Sourcing 52

The Logistics of Logistics

SEPTEMBER 11, 2021

The fine folks at Emerge have reinvented freight procurement by developing a technology platform specifically made for managing freight RFPs. Step 3 – Create an RFP event. In the Emerge system every carrier is vetted so shippers can make informed freight procurement decisions based on price and service quality.

Freight 159

Freight Predictive Analytics Software Logistics Network Optimization Software Supply Chain Software 159

Logistics Viewpoints

MARCH 2, 2023

And a FourKites survey of 350+ supply chain leaders tells us that the past few years of supply chain disruptions — including COVID-19, market volatility, global political conflict, material shortages and extreme weather events — drove 73% of respondents to begin investing in supply chain visibility, with 46% planning to invest more in 2023.

Waste Reduction 197

Waste Reduction Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 197

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.

Optimal Sourcing 102

Optimal Sourcing Expense Reduction Inventory Reduction Negotiating Skills 102

EC Sourcing Group

JUNE 7, 2022

Everyone in the procurement and purchasing fields knows that sourcing is generally a process of getting the best product from top suppliers with good terms and price. It’s also wise to remember that not every category should go to auction, so ensure your sourcing event is positioned well before proceeding to an auction.

Procurement Solutions 52

Procurement Solutions Optimization Software Supply Chain Software Optimal Sourcing 52

Talking Logistics

MARCH 24, 2015

When we are managing a procurement event for a customer, the project will kick-off with a discovery call. Your RFP will be much more successful with a documented carrier strategy. Procurement Strategy (Annual RFP, Targeted RFP, etc.). Performance Management Process. Performance Management Process. Escalation Process.

Expense Reduction 100

Expense Reduction Price Reduction Transportation Cost Reduction Strategies 100

Exiger Perspectives

MAY 8, 2023

“Empowering real-time supply chain planning with accurate multi-tier supply visibility and risk scoring delivers control back to the hands of supply chain, acquisition, procurement and compliance professionals,” said Brandon Daniels, CEO of Exiger.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Planning Scenario Planning Analytics Software 52

TransAudit

JUNE 27, 2023

The supply chain, an integral part of modern commerce, continues to evolve, learning from the impacts of industry trends and global events over the years. It advances digitization efforts, facilitates data cleaning, and streamlines supply chain planning, procurement, and execution.

Optimal Sourcing 69

Optimal Sourcing Supply Chain Optimization Modeling Optimization Software 69