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

Synovos

JANUARY 24, 2024

By joining their network, RS Integrated Supply is able to connect with more than 500 procurement professionals, improving its supplier diversity. RS Integrated Supply was introduced by RS Group in 2022 after combining Synovos and IESA, two procurement and supply chain management companies. million customers. Interested in our services?

Manufacturing Procurement 105

Manufacturing Procurement Procurement Solutions Purchasing Skills Optimal Sourcing 105

NC State SCRC

JUNE 24, 2020

I was recently involved in a research discussion with Chris Yukins of George WAshington University’s Law School’s Government Procurement Program, and Thomas Kull from Arizona State University, exploring the impact of the rise of electronic marketplaces in government procurement. GSA will receive a.75

Electronics 45

Electronics Optimal Sourcing Procurement Analytics Purchasing Training 45

Synovos

NOVEMBER 10, 2023

The assessment focuses on 21 sustainability criteria that are grouped into four themes: environment, labor and human rights, ethics, and sustainable procurement. ESG Report: FY24 www.rsgroup.com/media/bsocsl4m/rs-group-esg-h1-highlights-pack_-november-23.pdf

Eliminating Excel in Purchasing 105

Eliminating Excel in Purchasing Groups Optimal Sourcing Manufacturing Procurement 105

Unleashed

MARCH 16, 2021

Having grown sufficiently, you may find your SME business now has the need for a dedicated purchasing manager – and perhaps even a purchasing department. So if you’re a business owner who is wondering how to run a purchasing department, then check out our practical guide below. Goals of purchasing. Lower costs.

Purchasing Skills 59

Purchasing Skills Manufacturing Procurement Procurement Solutions Procurement Analytics 59

Supply Chain Shaman

MAY 26, 2023

Primed for transactional efficiency, these legacy architectures based on relational databases drive order-to-cash and procure-to-pay efficiencies. Current Familiarity with Analytic Concepts (Fall 2022 Snapshot) Preamble Supply chain leaders love their rows and columns. I term this our data jail. The focus of the Gartner Magic Quadrant.)

Optimal Sourcing 337

Optimal Sourcing Modeling Supply and Demand Manufacturing Procurement 337

Supply Chain Game Changer

NOVEMBER 22, 2018

Check out What is Virtual Procurement and Why Should You Care? Where is procurement, outsourcing, sourcing, supply chain, and purchasing going? Secondarily, we will include information from other procurement professionals and procurement firms about their experiences, what they forecast, and what they are seeing.

Manufacturing Procurement 63

Manufacturing Procurement Procurement Solutions Optimal Sourcing Procurement Analytics 63

Precoro

MARCH 11, 2024

Yet there’s a proactive approach that addresses the high cost of healthcare: value-based purchasing (VBP). VBP also improves patient satisfaction by fostering greater collaboration among healthcare providers and making the patient experience one of the key evaluation metrics for hospitals.

Procurement Analytics 105

Procurement Analytics Procurement Solutions Purchasing Training Purchasing Skills 105

Claritum

NOVEMBER 16, 2018

Claritum Article - Procurement Blog. Address Procurement Strategy. Focus Procurement on supplier optimisation. Don’t lose Procurement’s focus on costs. Keep Procurement up to date. Procurement is a complex multidisciplinary team activity that crosses all areas of the business. Introduction.

Procurement Solutions 69

Procurement Solutions Procurement Analytics Optimal Sourcing Negotiating Skills 69

Unleashed

APRIL 21, 2024

Tracking: Order tracking systems keep the customer updated on the journey of their purchase, ensuring transparency until the order is delivered. Electronic order processing can greatly enhance efficiency and improve customer satisfaction by keeping track of stock availability and order status.

Inventory Management Software 52

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

Claritum

AUGUST 4, 2020

Introduction Procurement is a complex. The variables and complexities of purchasing products and services, from basic supplies through to strategic purchases, make Procurement a key. the procurement function. the procurement function. The procurement environment is dynamic and constantly changing with.

Procurement Solutions 41

Procurement Solutions Procurement Analytics Optimal Sourcing Negotiating Skills 41

Resilinc

MARCH 26, 2024

In our second AI blog of the series, Predictive AI vs. Generative Supply Chain AI , we looked at the difference between predictive AI and generative AI. Currently, Resilinc uses several predictive AI models in tracking purchase orders (POs) and commodities, autonomous mapping, risk-scoring models, and simulators.

Modeling 114

Modeling Supply Chain Risk Management Modeling Software Risk Management 114

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

Kanban Logistics

SEPTEMBER 9, 2021

In this article, we’ll look at the latest reports on manufacturing activity, while showing how a third-party logistics (3PL) provider can offer great logistics benefits within the manufacturing industry. The article and report contain additional positive manufacturing signs, along with some concerning ones. Third-party procurement.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Analytics 3PL Logistics Network Optimization Software 52

ivalua

OCTOBER 28, 2022

There will be unique challenges public procurement teams will need to address to ensure the bill delivers on its full promise. Chief among these challenges is the need to modernize procurement processes and tools. . I know what you are thinking–making the needed changes to Public Procurement Processes will seem like a Sisyphean task.

Procurement Solutions 130

Procurement Solutions Optimal Sourcing Procurement Analytics Tools 130

Supply Chain Shaman

NOVEMBER 8, 2017

It is a larger acquisition than the prior purchases of Terra Technology , Steelwedge , or SCM-Icon. Founded in 2000 as a consortia exchange by IBM, along with H itachi, Matsushita, LG Electronics, Nortel Networks, Seagate Technology, Solectron and Toshiba, E2open has weathered the challenges of time. Investors moaned.

Procurement Solutions 0

Procurement Solutions Supply Chain Planning Software Procurement Analytics Supply Chain Software 0

Logistics Viewpoints

APRIL 24, 2023

This technology allows businesses to unify their procurement, expense management, invoicing, payments, contract management, and spend analysis processes and reporting. I saw how their platform unified finance and procurement activities, but not supply chain. I saw this claim as being more a statement of intention than of fact.

Supply Chain Design Software 202

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Optimization Software 202

SCMDOJO

FEBRUARY 29, 2024

The biggest challenge is that simply offering metrics, even those that appear to be the “right” metrics, usually doesn’t produce any results. The questions that are most often asked are: What metrics should I use? What metrics do others (in my industry) use? Where do I begin?

Vendor Strategies 55

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 55

Supply Chain Matters

FEBRUARY 19, 2024

Supply Chain Matters highlights report that Volkswagen luxury branded vehicles were impounded by U.S. Background Supply chain ethical and social responsibility, that which umbrellas ESG conformance, have increasingly become a concern for businesses, large and small, along with their procurement organizations.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Analytics Supply Chain Strategy Supply Chain 52

My Office Apps

JUNE 12, 2023

Streamlining Purchasing Processes: The Power of Purchase Requisition Automation In the world of business, efficiency and accuracy are paramount, particularly when it comes to procurement processes. However, with the advent of purchase requisition automation, these challenges have been significantly mitigated.

Procurement Analytics 78

Procurement Analytics Procurement Solutions Purchasing Skills Optimal Sourcing 78

SYSPRO Smarter ERP

APRIL 26, 2023

Increasingly ERP systems are now being used to capture information electronically, in real time, such as from sensors on equipment, or by scanning barcodes as items are received from suppliers 3. Automation Another benefit of an ERP system is the ability to automate different operations within a business.

Manufacturing Procurement 98

Manufacturing Procurement Optimal Sourcing Supply Chain Design Software Optimization Software 98

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

EC Sourcing Group

SEPTEMBER 27, 2022

Technology has finally caught up with sourcing and procurement—evolving processes by leaps and bounds in a relatively short amount of time. Ensuring you have the best eSourcing tools with features that fit your needs can streamline your sourcing process, positively affecting your procurement processes and supply chain.

Analytics Software 52

Analytics Software Procurement Solutions Supply Chain Software Procurement Analytics 52

Synovos

OCTOBER 16, 2023

About RS Integrated Supply RS Integrated Supply, part of RS Group, is a global MRO supply chain services provider, offering outsourced Procurement and storeroom Solutions™ to manufacturing, assembly, and process industry clients. Together, the two form the world’s first MRO supply chain services company with true global reach.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Solutions United Kingdom Optimal Sourcing 52

EC Sourcing Group

JULY 21, 2020

For those in procurement management, this may refer to several different types of tools and software, especially those that help with price compression like eAuction software procurement or those that streamline processes and compress timelines like eSourcing software. . What is E-Procurement in Supply Chain Management?

Procurement Solutions 52

Procurement Solutions Procurement Analytics Modeling Software Supply Chain Software 52

EcoVadis

MAY 19, 2016

Procurement technology should make it easy to source ethically. Supply chain transparency is one of the key challenges facing Procurement and Sourcing in the coming years. The same is true of Procurement solutions: the abilities – and limits – of the technology play a key role in shaping buyers’ expectations of their own abilities.

Optimal Sourcing 40

Optimal Sourcing Procurement Solutions Procurement Analytics Optimization Software 40

QAD

AUGUST 16, 2022

Supplier visibility provides analytics and insights to inform your strategy. QAD SRM delivers the tools to improve real-time communication and procurement processes and to counteract supply risks. At the same time, procurement organizations can collaborate on accurate and current supplier intelligence.

Optimal Sourcing 94

Optimal Sourcing Supply Chain Software Manufacturing Procurement Supply Chain Design Software 94

Unleashed

JANUARY 29, 2024

This helps them simplify their inventory management, reduce storage and distribution costs, and offer a more consistent and appealing product range to their customers. An electronics manufacturer chooses to discontinue older or less fashionable design models, based on market trends and customer preferences.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 52

Supply Chain Game Changer

NOVEMBER 5, 2019

Indirect Procurement – It’s Time to Rise and Shine! High spend and highly visible Procurement categories like raw materials, I/T, capital equipment, travel, facilities, large services contracts and more often merit dedicated Commodity Management resource. Subscribe Here! Email Address. Need I say more?

Manufacturing Procurement 51

Manufacturing Procurement Procurement Analytics Procurement Solutions Eliminating Excel in Purchasing 51

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

Synovos

AUGUST 21, 2023

About RS Integrated Supply RS Integrated Supply, part of RS Group, is a global MRO supply chain services provider, offering outsourced Procurement & Storeroom Solutions™ to manufacturing, assembly, and process industry clients. Together, the two form the world’s first MRO supply chain services company with true global reach.

Eliminating Excel in Purchasing 52

Eliminating Excel in Purchasing Manufacturing Procurement Optimal Sourcing Procurement Solutions 52

EC Sourcing Group

JULY 29, 2021

eSourcing technology has certainly come a long way, but everyone’s procurement process is slightly different, and you may find there is no one-size-fits-all solution out there —at least so far. Even if these are features you don’t think you need, in most situations, they will help with your supply chain and procurement flow.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Supply Chain Software Purchasing Skills 52

Precoro

JULY 9, 2023

According to research by Ardent Partners in 2023, over two-thirds of invoices are linked to a purchase order, indicating that about one-third of invoices are not. While it may be tempting to assume that skipping purchase order creation speeds up the procurement process, the study emphasizes the disadvantages of such an approach.

Procurement Solutions 98

Procurement Solutions Procurement Analytics Purchasing Skills Eliminating Excel in Purchasing 98

RFgen

APRIL 12, 2024

Therefore, the goal is to optimize cost to optimize profits and catalyze growth. To start with, inventory costs go beyond the initial purchase price of goods. Hidden costs may accumulate after purchase if not meticulously monitored and managed. Next is the cost of storing the inventory.

Inventory Reduction 76

Inventory Reduction Cost Reduction Strategies Purchasing Skills Optimal Sourcing 76

Precoro

APRIL 1, 2024

As the drawbacks of time-consuming and error-prone manual invoice processing become increasingly evident, more and more companies are switching to electronic invoicing as a convenient alternative. Electronic invoicing, also known as e-invoicing, is the automation of the invoicing process using a specialized e-invoicing tool.

Procurement Solutions 105

Procurement Solutions Modeling Software Supply Chain Network Software Inventory Management Software 105

Unleashed

FEBRUARY 12, 2024

Capital costs Capital costs represent the opportunity cost of the funds tied up in inventory. This includes the cost of capital used to purchase inventory, which could have been invested elsewhere for potential returns. The company rents warehouse space to store its inventory of electronic items.

Inventory Reduction 52

Inventory Reduction Purchasing Skills Cost Reduction Strategies Negotiating Skills 52

Supply Chain Shaman

APRIL 6, 2017

Sitting on the 15th floor of a high-rise apartment, I am writing a research report on Digital Procure-to-Pay. The team that is digital transforming is questioning the atoms, electrons and flows of today’s processes. Current Order and Purchase Order Processing. Today it is raining. The possibilities with 3D printing?

Supply Chain Software 190

Supply Chain Software Supply Chain Planning Software Procurement Analytics Manufacturing Procurement 190