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. Goals beyond the best purchasing price fall into strategic sourcing. Simple sourcing takes less time to execute and requires fewer resources to plan, but can cost more down the road.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

Supply Chain Shaman

MARCH 12, 2019

The IT taxonomy for visibility is supply chain analytics. As you implement supply chain analytics and use control theory with well-defined reference data with clear bands for control, process improvement ensues. The team was seeking analytics to monitor process compliance. Visibility Maturity Model.

Prescriptive Analytics Software 173

Prescriptive Analytics Software Manufacturing Procurement Procurement Analytics Analytics Software 173

Precoro

APRIL 18, 2023

On the other hand, a software development company wouldn’t need to purchase raw materials but rather goods – such as hardware – and services, like software subscriptions. 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

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

Unleashed

FEBRUARY 29, 2024

Smarter business decisions: Many retail software systems enable you to gather and report on key data that can help inform business strategy. Common features of retail accounting software include: Invoicing Bank reconciliation Expense tracking Inventory accounting Tax management Payroll Reporting 2.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Inventory Management Software Analytics Software Supply Chain Planning Software 52

Precoro

NOVEMBER 7, 2022

In order to run a successful business, you need a dedicated procurement team to obtain these essential goods and services, ensure timely delivery, and nurture good relationships with your vendors. Paying for offices, utilities, technology subscriptions, and cleaning services is also part of the procurement team's responsibility.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Solutions Optimal Sourcing Procurement Analytics 52

OptiProERP

SEPTEMBER 21, 2023

With data-driven forecasting tools, manufacturers only need to purchase what they require for a given period.  Improved planning and the supply chain  Forecasting also aids production planning, procurement, and supply chain management. It indicates bigger picture changes and broader shifts in customers’ purchase behavior.

Forecasting 52

Forecasting Forecasting Software Inventory Reduction Supply Chain Planning Software 52

Logility

OCTOBER 29, 2021

To optimize throughput and capacity utilization, process manufacturers must effectively manage inventory, apply predictive analytics, and gain supply chain transparency through digital transformation. Predictive analytics uses artificial intelligence tools that provide not only real-time data but historical information as well.

Manufacturing Procurement 130

Manufacturing Procurement Forecasting Supply Chain Planning Software Forecasting Software 130

Supply Chain Shaman

AUGUST 16, 2015

On August 13th, Infor announced the intent to purchase GT Nexus for 675M$. Based on reporting from the Wall Street Journal, the company hired Morgan Stanley to shop the company and package it for sale in 2014 with an expected evaluation of 800M$. The largest was the purchase of Lawson in 2011 for 2B$. 2) Advanced Analytics.

Prescriptive Analytics Software 150

Prescriptive Analytics Software Supply Chain Network Software Supply Chain Design Software Analytics Software 150

Logility

JANUARY 21, 2022

Companies must file annual reports that detail efforts to identify risks and any efforts to address them effectively, and should be comprehensive enough to withstand government and public scrutiny. But by 2024, smaller companies with as few as 1,000 employees will also be required to comply.

Germany 147

Germany Supply Chain Planning Software Supply Chain Software Gartner 147

Precoro

OCTOBER 6, 2022

With the global market expansion and deepening supply chain complexity, the roles of procurement leaders have evolved from tactical to strategic. Nowadays, procurement departments not only focus on the day-to-day buying operations but also search for the most efficient ways to go about them. How often do purchases happen?

Manufacturing Procurement 98

Manufacturing Procurement Procurement Solutions Procurement Analytics Pricing Training 98

Talking Logistics

DECEMBER 16, 2015

Well, my big audacious prediction for 2015 did not come true. And business relationships did not become more Vested this year — if anything, they reverted back to being “win-lose” arrangements (see Walmart’s Message to Suppliers: Talk to the Hand and The High Cost of Poor Supplier Relationships ). What will happen in 2016?

Predictive Analytics Software 120

Predictive Analytics Software Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software 120

Enterra Insights

FEBRUARY 11, 2021

”[3] Even so, he notes, RPA can improve supply chain operations in a number of ways: It eliminates the manual input of purchase orders and other administrative tasks. Automates B2B processes that would cost more if conducted manually. Through data analytics, RPA can identify and optimize current inefficiencies across the chain.

Supply Chain Software 100

Supply Chain Software Analytics Software Predictive Analytics Software Gartner 100

NC State SCRC

JANUARY 18, 2018

In a prior post on 2018 supply chain predictions, I shared how NC State’s Poole College of Management engages directly with industry through student-led projects. The students will review and document the current geography allocation process for Surplus/excess, Overage and Unconsumed Purchase parts inventory (SOUP).

Vendor Strategies 40

Vendor Strategies Optimal Sourcing Inventory Reduction Resource Reduction 40

Supply Chain Shaman

DECEMBER 11, 2018

While there is much hype on DDMRP and the use of orders as a proxy for demand, companies need to remember that orders carry latency: they are out-of-step with market purchase behavior. The transformational wave is slowly transforming the automotive industry from a focus on selling “rides” versus the purchase of an automobile.

Supply Chain Planning Software 195

Supply Chain Planning Software Supply Chain Design Software Modeling Software Supply Chain Network Software 195

Supply Chain Game Changer

NOVEMBER 16, 2022

Why Procurement Transformation Can Fail! The duties of procurement managers are diverse, ranging from creating solicitations to collaborating with vendors. The importance of digital procurement is increasing rapidly. Along with cost savings, procurement managers are focusing on optimizing and automating processes.

Optimal Sourcing 19

Optimal Sourcing Procurement Analytics Manufacturing Procurement Supply Chain Software 19

HICX Solutions

JANUARY 31, 2019

In this article, experts identify which steps in the procurement process are most likely to benefit from the AI revolution. One of the main uses for artificial intelligence in procurement is to meld internal and external data to provide enhanced supplier risk management. Data-driven decisions. Smarter sourcing.

Procurement Solutions 40

Procurement Solutions Procurement Analytics Negotiate Pricing Material Savings 40

ShipBob

NOVEMBER 6, 2023

Analytical procedures Doing analytical procedures during inventory audits involves comparing gross margins, inventory turnover ratio , and/or unit costs of inventory with previous years. This helps you understand trends so you can be better informed during inventory procurement and when you’re forecasting demand.

Inventory Reduction 52

Inventory Reduction Inventory Inventory Management Software Forecasting Software 52

Taulia

MARCH 14, 2023

The more sophisticated virtual card solutions, like Taulia’s, include payment controls, cash analytics, and value-added tools. Improve cash forecasting accuracy Cash flow forecasting enables companies to predict, analyze and address the factors that will affect their working capital in the future.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Expense Reduction Cost Reduction Strategies 52

Locus

DECEMBER 15, 2022

A survey predicts that e-commerce sales in India will hit the $100 billion mark for the first time in 2023. As a result, it increases your warehouse storage and delivery logistics costs. Other important reasons for incomplete deliveries are missing documentation, incorrect labeling, inaccurate geocoding, and miscommunication.

Real-time Visibility 52

Real-time Visibility Predictive Analytics Software Supply Chain Planning Software Optimal Sourcing 52

ShipBob

FEBRUARY 6, 2023

From the actual packing process to the documentation process, you can find plenty of options to help you automate your packing tasks. As such, they can help to minimize labor costs while boosting packing efficiency and speeding up the fulfillment process. Additionally, they come with powerful analytics and forecasting abilities.

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Optimization Software Predictive Analytics Software 52

ShipBob

SEPTEMBER 29, 2021

In 2020, global retail sales exceeded $23 trillion and experts predict ecommerce demand to continue expanding. Procuring inventory. Procurement refers to sourcing merchandise on time to meet demand, and it affects the ways your online retail business activities (like sales, inventory management, and distribution) can be performed. .

Optimal Sourcing 52

Optimal Sourcing Logistics Network Optimization Software Optimization Software Inventory Management Software 52

Bristlecone

JULY 20, 2020

There’s been a transformation of finance departments’ focus – from pure transactional processing and after-the-fact reporting, to delivering real-time insights and analysis and supporting business strategy through predictive and prescriptive analytics. What is Predictive Accounting for Sales Orders? Key Business Drivers.

SAP 52

SAP Predictive Analytics Predictive Analytics Software Procurement Analytics 52

Savi

FEBRUARY 5, 2019

Target and Amazon, among other retailers, use AI to predict what customers will buy based upon past purchases. To date, its primary use has been for predictive and prescriptive purposes. ML involves the creation of algorithms that can learn from and make predictions using big data.

Supply Chain Planning Software 40

Supply Chain Planning Software Prescriptive Analytics Software Supply Chain Software Supply Chain Optimization 40

TrackVia

AUGUST 17, 2023

Regulatory Compliance: In certain industries, regulatory compliance requires accurate documentation of assets. Cost Management: By tracking asset lifecycle and maintenance history, you can make informed decisions about repair versus replacement, avoiding unnecessary costs. This streamlines workflows and reduces data duplication.

Asset Management 98

Asset Management Analytics Software Predictive Analytics Software Optimization Software 98

Unleashed

DECEMBER 20, 2022

Covered In this Business App Guide: Apps for your clients’ tech stack Accounting apps Lightyear Lightyear is a purchasing and accounts payable automation platform which was established in 2017. Syft Analytics Syft Analytics is an AI-powered forecasting tool that reviews, analyses, and predicts financial data.

Forecasting Software 98

Forecasting Software Inventory Management Software Analytics Software Predictive Analytics Software 98

GlobalTranz

APRIL 5, 2016

Predictive analytics , which identify the intrinsic inefficiencies in simple processes that did not warrant in-depth review in response to the Great Recession. For example, the Cerasis Rater enables rapid reporting, tracking of KPIs, and review of asset-allocation quickly and easily. They get lost or misplaced. They get damaged.

Logistics Network Optimization Software 120

Logistics Network Optimization Software Negotiating Skills 3PL Purchasing Skills 120

Unleashed

MARCH 2, 2022

Screenshots, documentation and technical resources may be attached if an online Kanban system is being used. Kanban in lean manufacturing Kanban is an important part of the lean manufacturing system, since it manages production through a pull system, rather than responding to predicted demand.

Manufacturing Procurement 98

Manufacturing Procurement Agile and Lean Supply Chain Lean Examples 98

Requis

OCTOBER 31, 2019

From asking Siri to set your alarm to using predictive text when searching online and making a purchase–– artificial intelligence and machine learning have made our lives easier and more efficient. Paper documents (i.e., Improving forecast with analytics and data analysis. Lose the hype and hysteria. Up in the clouds.

Analytics Software 40

Analytics Software Manufacturing Procurement Inventory Management Software Forecasting Software 40

Requis

OCTOBER 31, 2019

From asking Siri to set your alarm to using predictive text when searching online and making a purchase–– artificial intelligence and machine learning have made our lives easier and more efficient. Paper documents (i.e., Improving forecast with analytics and data analysis. Lose the hype and hysteria. Up in the clouds.

Analytics Software 40

Analytics Software Manufacturing Procurement Inventory Management Software Forecasting Software 40

QAD

APRIL 27, 2023

Earlier this year, QAD hosted a live webinar to explore and analyze the trends that are likely to dominate the procurement world over the coming months. It’s no secret that procurement teams have an amplified role within their businesses and that many are left with questions — our goal was to offer answers.

Manufacturing Procurement 96

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 96

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.

Procurement Solutions 98

Procurement Solutions Negotiating Skills Purchasing Skills Expense Reduction 98

Arena Solutions

JUNE 5, 2023

We also have built-in analytics to help report out metrics to key stakeholders and Arena is really well integrated with other platforms such as CAD programs and ERP systems. Now, they’re going to ask you for your quality documents, your manual, your policy, your org chart, procedures. They’re really hard to document.

Quality 52

Quality Supply Chain Design Software Supply Chain Planning Software Analytics Software 52

RFgen

MAY 18, 2023

In supply chain management, the ERP’s role is invaluable in integrating core business functions, including procurement, production, warehousing, sales, and distribution. Maintenance techs in the field might not have access to parts or documentation, delaying critical repairs. It’s a strategic necessity for digital transformation.

Inventory Management Software 52

Inventory Management Software Optimal Sourcing Optimization Software Forecasting Software 52

Infosys Supply Chain Management

APRIL 8, 2014

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. Abstract Technologies such as Social networking, mobile, analytics and cloud computing have been shaking the IT industry for past several years. Analytics Analytics means scientific and systematic analysis of data.

Analytics Software 35

Analytics Software Supply Chain Network Software Supply Chain Planning Software Predictive Analytics Software 35

Unleashed

AUGUST 18, 2021

Reverse logistics is the process of goods returning to their point of origin – back from the purchaser to the manufacturer or supplier. More people are likely to purchase goods from an online store if they know they can easily return products that don’t suit. Having a transparent and fair returns policy is an important first step.

Reverse Logistics 98

Reverse Logistics Logistics Network Optimization Software Supply Chain Planning Software Material Savings 98

Enterra Insights

JULY 25, 2019

Tracking payment information, such as purchase orders. Managing trade documentation. Kasey Panetta ( @kcpanetta ), a Brand Content Manager at Gartner, predicts, “Blockchain could have a transformative impact across supply chains in five to seven years, and has the potential to transform and disrupt supply chain.”[6]

Supply Chain Planning Software 100

Supply Chain Planning Software Gartner Supply Chain Software Manufacturing Procurement 100