ivalua

SEPTEMBER 2, 2019

Peter Smith, Managing Director, Procurement Excellence Ltd. The European Banking Authority (EBA) has published new guidelines on outsourcing , a document that has wide-ranging implications for every banking organisation, and requires careful consideration by procurement leaders and functions.

Guidelines 140

Guidelines Procurement Resource Reduction Policies 140

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

DECEMBER 20, 2023

At Precoro, we constantly strive to make the procurement experience simpler – but better. We’re pleased to introduce our newest functionality: Document Custom Forms. With them, we aim to change how requests and invoices are submitted and cut document creation time in half.

Expense Reduction 105

Expense Reduction Resource Reduction Waste Reduction Optimal Sourcing 105

Kodiak Hub

SEPTEMBER 23, 2021

Procurement is a function that is undergoing an exciting transformation in the majority of global value chains; simultaneously, within its own strategy, process, and technology. This is an exciting time to be a procurement practitioner, as well as a vendor of ProcureTech solutions. It’s time to air our dirty laundry.

Optimal Sourcing 59

Optimal Sourcing Procurement Supply Chain Planning Software Modeling Software 59

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

Supply Chain Game Changer

FEBRUARY 16, 2020

Looking back on the training process, our research, strategy, implementation and evaluation methods closely mirrored supplier relationship management and procurement management. Furthermore, the guidelines spelled out in IWAY established a new normal for the future of Ikea’s requirements on suppliers. Now bear with me here….

Optimal Sourcing 54

Optimal Sourcing Procurement Purchasing Skills Pricing Training 54

SCMDOJO

MARCH 19, 2024

While Its primary purpose is to manage the entire process, from procurement to delivery, efficiently and cost-effectively, it also coordinates with production to automate processes and planning, etc. Watch What is Marketing Procurement? on our SCMDOJO YouTube Channel! Why do you need a structured Supply Chain Department?

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

Precoro

DECEMBER 11, 2023

As part of the larger procurement process, sourcing involves finding and evaluating suppliers for goods or services that need to be purchased. Strategic sourcing involves the meticulous evaluation of suppliers and the overall procurement process to extract maximum value from both. Target cost. Create a purchasing process.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

SCMDOJO

DECEMBER 11, 2023

In the realm of efficient procurement management, understanding the various types of procurement reports becomes paramount. These reports serve as navigational tools, offering insights into different facets of the procurement process.

Procurement Analytics 16

Procurement Analytics Optimal Sourcing Procurement Solutions Material Savings 16

Precoro

FEBRUARY 11, 2022

A purchase order (or PO) is an official document sent by a business (buyer) to an external supplier (vendor) that confirms the intention of purchasing specific goods or services and contains all the necessary information about it. Once a supplier approves the purchase order, it becomes a legally binding document. Let’s dive deeper.

Procurement Solutions 52

Procurement Solutions Purchasing Skills Optimal Sourcing Vendor Strategies 52

The Logistics & Supply Chain Management Society

JULY 16, 2023

Also Malaysia has dedicated halal parks, 22 in total, supported by halal park guidelines and incentives. He is also an Adjunct Professor with UTM Azman Hashim International Business School in Malaysia, conducting research on halal procurement strategy, halal supply chain management, and halal risk and reputation management.

Risk Management 130

Risk Management Supply Chain Design Software Supply Chain Planning Software Pharmaceutical 130

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?

Procurement Solutions 98

Procurement Solutions Optimal Sourcing Procurement Analytics Procurement 98

Precoro

APRIL 18, 2023

Shipping Rates Delivery cost makes up a significant part of a company’s procurement expenses, so visibility is essential for taming the spending. Documents With every step, transactions should be documented ; this means creating a purchase order , a bill of lading, a receipt, a customer's order, and others.

Supply Chain Planning Software 98

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

Supply Chain Game Changer

AUGUST 11, 2022

Procurement method – you will need to detail how you procure each part in the production process. Providing the procurement method will allow you to plan your requirements and workflows for the production process more efficiently. Once created, you can produce and market your products. The assemblies of the product.

Material Savings 103

Material Savings Manufacturing Procurement Procurement Solutions Supply Chain Design Software 103

Supply Chain Game Changer

NOVEMBER 26, 2018

Check out Procurement Report Card: Most Executives Think Procurement Isn’t Strategic Enough! Looking back on the training process, our research, strategy, implementation and evaluation methods closely mirrored supplier relationship management and procurement management. Subscribe Here! Email Address. What is IWAY?

Procurement Analytics 43

Procurement Analytics Optimal Sourcing Procurement Purchasing Skills 43

Claritum

APRIL 20, 2020

Claritum Article - Procurement Blog. Recent, Covid-19 related orders, processed by Claritum’s system have included identity cards for key workers, nursing process documents, staff handbooks and posters/signs. All these critical Covid-19 related documents/signs ordered through the Claritum system. “It

Supply Chain Planning Software 47

Supply Chain Planning Software Handbook Case Study Guidelines 47

Supply Chain Game Changer

AUGUST 18, 2022

You can lay down rules and guidelines for your vendors but let’s be real, without any written agreement, they will find it difficult to remember and efficiently execute them. Also, the contract becomes valid and enforceable only when both signs the original documents. Every business depends on vendors to operate successfully.

Vendor Strategies 93

Vendor Strategies Negotiate Pricing How To Negotiating Skills 93

NC State SCRC

AUGUST 23, 2016

A new post discussed the development of a sustainable procurement standard developed by the International Standards Organization. It’s about time that the concept of sustainable procurement has a standard established around it. Establish dollar savings goal of X for disposal of old parts.

Procurement Analytics 40

Procurement Analytics Material Savings Waste Reduction Optimal Sourcing 40

Supply Chain Game Changer

OCTOBER 4, 2022

A successful “management mindset” aims to carefully regulate firm budgets, maintain production and logistic operations on track, supervise production processes, and simplify regulations and guidelines throughout the duration of a project.

Manufacturing Procurement 81

Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software Sourcing Strategies 81

Jaggaer

JULY 21, 2020

Many tasks in procurement are repetitive, tedious, time-consuming and, when performed by humans, highly error prone. They absorb precious time – time that could be spent on more important strategic tasks that add value to the organization and make work more satisfying and rewarding for a procurement professional. Download it now.

Manufacturing Procurement 102

Manufacturing Procurement Procurement Solutions Optimal Sourcing Procurement 102

SCMDOJO

FEBRUARY 29, 2024

They do not relate to any overall company procurement goals and objectives. Figure 1: SPM Project Stages (Gordon Sherry R, 2008) This organization has created a Procurement Steering Committee with management participation to leverage procurement as a tool to improve business performance.

Vendor Strategies 55

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 55

Precoro

SEPTEMBER 4, 2023

Maintaining some safety stocks or buffer inventories (as a general guideline, the safety stock amount should be the amount of inventory used per day multiplied by the lead time in days). Ideally, it should also let suppliers directly access the tool in order to communicate, attach documents, and provide their item catalogs.

Optimal Sourcing 59

Optimal Sourcing Negotiate Pricing Inventory Reduction Material Savings 59

Jaggaer

JUNE 23, 2020

For more on pharmaceutical procurement, register for our upcoming webinar. In the US, the Drug Supply Chain Security Act (DSCSA) was updated in 2017 to require compliance with FDA labeling guidelines. If you are interested to learn more about procurement in the pharmaceutical space, register for our July 8 webinar.

Pharmaceutical 72

Pharmaceutical Optimal Sourcing Supply Chain Network Software Network Optimization 72

Vinculum

MARCH 20, 2020

Reconsider prime approaches regarding the procurement of data and its management. The way your enterprise defines organizes, integrates and procures data is going to be the defining factor for your business returns and visibility success. Questions like how data can be stored, tracked and documented arise here.

Data Management 52

Data Management Sourcing Strategies Optimal Sourcing Data 52

QAD

JUNE 8, 2021

Here are three areas to consider: Ensure your organization’s essential supply chain processes are defined, documented and implemented. The AIAG/Odette Materials Management Operations Guideline/Logistic Evaluation ( MMOG/LE ) provides organizations with a supply chain management system. In addition to 6.2.1.7,

Supply Chain Software 97

Supply Chain Software Automotive Demand Planning Software Forecasting Software 97

NC State SCRC

MAY 1, 2020

An article written by my former PhD student, Rejaul Hasan, and I just came out this week in Contracting Excellence , the journal published by IACCM, which documents the catastrophe that is unfolding in Bangladesh, one of the world’s major exporters of garments for the apparel sector. Although retail brands are still struggling (e.g.

Bangladesh 59

Bangladesh Apparel Supply Chain Planning Supply Chain 59

The Logistics & Supply Chain Management Society

JANUARY 13, 2021

There are however many other companies that do not trade tangible goods across borders but may be able to benefit from provisions on services, investment and government procurement etc. Documentation to be presented. For FTAs to be better considered and used, many conditions need to be met. What constitutes minimal processing.

Pricing Training 245

Pricing Training Negotiating Skills Purchasing Training Optimal Sourcing 245

BR Williams Supply Chain Management

SEPTEMBER 25, 2023

These regulatory requirements include clear documentation of procedures, regular performance assessments, and a commitment to continuous improvement. This standard requires organizations to define, document, and continually improve their processes. Quality Control: ISO 9001:2015 demands strict quality control measures.

Quality 52

Quality Optimal Sourcing Cost Reduction Strategies Logistics Network Optimization Software 52

Precoro

DECEMBER 18, 2023

Medical institutions might not typically consider optimizing the healthcare procurement process a top priority. Yet procurement in healthcare influences the overall well-being of medical institutions and, ultimately, the quality of patient care. However, procurement in the healthcare industry has some unique aspects.

Procurement Solutions 59

Procurement Solutions Optimal Sourcing Procurement Analytics Procurement 59

Precoro

JUNE 21, 2023

Around the world, governments and regulatory bodies have established guidelines for companies’ accounting departments to follow when it comes to bookkeeping. Let’s take a look at how following standardized guidelines can benefit companies and, specifically, their AP departments. What is GAAP?

Procurement Analytics 98

Procurement Analytics Expense Reduction Procurement Solutions Guidelines 98

AFFLINK

JUNE 19, 2019

Schools are often working within strict budgets, as well as guidelines and standards that they need to meet. Consequently, the government procurement process can be complex and will often need to be streamlined to cut costs. Starting Government Procurement: RFPs. Usually bid documents are going to be sealed to maintain security.

Government 63

Government Procurement Negotiating Skills Cost Reduction Strategies 63

Precoro

SEPTEMBER 2, 2022

However, growing organizations that face increasing complexity recognize the value of thoughtfully-planned and managed procurement. It pays off to develop a procurement strategy, hire a team of professionals, and acquire necessary technologies early on. Being prepared allows for efficient and timely execution of procurement functions.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Solutions Procurement Analytics Optimal Sourcing 98

Precoro

APRIL 22, 2024

As a part of FP&A, the finance team prepares documents such as income statements, balance sheets, and cash flow statements. They oversee regulatory reporting requirements, such as filings with government agencies and regulatory bodies, and ensure that the organization operates within legal and ethical guidelines.

Optimal Sourcing 105

Optimal Sourcing Negotiating Skills Procurement Solutions Resource Reduction 105

Precoro

DECEMBER 19, 2022

Tailoring the approval process to the company needs is crucial for efficient and cost-effective procurement. With this option, the document is sent to all parallel approvers simultaneously , and each individual can confirm the document without waiting for others to confirm. Introducing Parallel Approval.

Procurement Analytics 98

Procurement Analytics Procurement Solutions Purchasing Skills Guidelines 98

Precoro

NOVEMBER 23, 2022

Three-way matching is an essential step in the procurement flow process that involves cross-referencing three critical documents – purchase order, receipt, and vendor invoice – to determine whether an invoice should be paid. Not every organization follows the same procedure for document matching. Duplicated documents.

Procurement Solutions 98

Procurement Solutions Pricing Training Procurement Analytics Purchasing Skills 98

DynaSys

FEBRUARY 19, 2019

If the supply chain processes are not connected from the beginning to the end of the entire procurement, manufacturing and distribution processes, or “field to fork”, you will have a bumpy road. One critical step needs to happen for this process to work well. Information needs to be accessible from all points on the supply chain.

Manufacturing Procurement 45

Manufacturing Procurement Agile and Lean Supply Chain Supply Chain Software Supply Chain 45

Precoro

JANUARY 16, 2023

Spend management allows for efficient sourcing and procurement, regulated expenses, timely registration of spontaneous purchases, and a reduction of fraud and errors. As a comprehensive approach, spend management typically includes management of suppliers, categories, approval workflows , inventories, and documents. Types of Spending.

Procurement Solutions 98

Procurement Solutions Negotiating Skills Purchasing Skills Expense Reduction 98