Precoro

APRIL 6, 2022

If you're reading this now, then you’ve probably noticed how outdated traditional procurement systems recede into the past and are replaced by new modern solutions. According to Techjury , 67% of enterprise infrastructure is cloud-based, and 81% of all enterprises have a multi-cloud strategy already laid out.

Procurement Solutions 98

Procurement Solutions Procurement Analytics Modeling Software Analytics Software 98

Supply Chain Shaman

APRIL 9, 2021

The myopic focus on IT standardization resulted in the purchase of technology, but not value delivery. This included one-number forecasting, Integrated Business Planning (with tight integration to the budget), labor arbitrage strategies (chasing low-cost labor with extended supply chains), and tax-efficient supply chain strategies.

Supply Chain Planning Software 369

Supply Chain Planning Software Procurement Analytics Supply Chain Performance Manufacturing Procurement 369

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. The visibility to spend allows them to provide excellent benchmarking in several areas. Coupa also offers a robust, market share leading, supply chain design solution.

Supply Chain Design Software 202

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

NC State SCRC

APRIL 2, 2023

The term “COE” is often a commonly heard term in supply managers’ vernacular, but it’s interesting to note that Centers of Excellence as an organizational entity have been around for more than fifty years – and evolved first in the form of what was called “shared services”.

Sourcing Strategies 52

Sourcing Strategies Resource Reduction Cost Reduction Strategies Inventory Reduction 52

SCMDOJO

JULY 3, 2023

In today’s fast-paced and competitive business landscape, organizations across industries are realizing the immense value of effective procurement practices. Procurement professionals play a vital role in driving operational efficiency, cost savings, and strategic decision-making. But how do you get started? Do not worry!

Purchasing Training 79

Purchasing Training Negotiating Skills Buyer Training Manufacturing Procurement 79

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

Unleashed

OCTOBER 6, 2021

Here we explain how you can do this with 16 cost reduction strategies in inventory management?that It may also be useful to use KPIs for your most important suppliers – for example KPIs for goods and services are delivered, whether they are on time, and whether they meet quality expectations.

Inventory Reduction 95

Inventory Reduction Cost Reduction Strategies Material Savings Vendor Strategies 95

Precoro

MARCH 11, 2024

Yet there’s a proactive approach that addresses the high cost of healthcare: value-based purchasing (VBP). For example, let’s say a patient seeks treatment for lower back pain. We can observe American VBP programs as examples of how value-based purchasing can change the healthcare landscape.

Procurement Analytics 105

Procurement Analytics Procurement Solutions Purchasing Training Purchasing Skills 105

Enterra Insights

DECEMBER 4, 2019

For online retailers and retailers with an omnichannel strategy, it’s probably good news. Amazon’s Prime Day in July, for example, has led to more retailers like Target, Walmart and Kohl’s offering steep discounts on toys, apparel and electronics during the summer, in a bid to stay competitive. The solution?

Procurement Solutions 100

Procurement Solutions Eliminating Excel in Purchasing Purchasing Skills Procurement Analytics 100

Logistics Bureau

DECEMBER 4, 2023

Inventory management is a crucial aspect of supply chain management, and effective strategies can help businesses reduce costs, improve customer service, and increase profits. But what does a great inventory management strategy look like? At that point, each SKU will be taken to any convenient storage location in the warehouse.

Inventory Reduction 72

Inventory Reduction Inventory Management Software Inventory Management Eliminating Excel in Purchasing 72

ThroughPut

APRIL 30, 2024

Exploring the world of AI tools for supply chain and logistics can be quite overwhelming. That’s why we put together this guide – to help you get a glimpse of the best AI tools for supply chain and logistics, how to implement these tools, what to take care of and more. Best AI Tools for Supply Chain and Logistics 1.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Logistics Network Optimization Software 52

Supply Chain Game Changer

APRIL 15, 2020

Digital Procurement article, and permission to publish here, provided by Sam Jenks at kodiakrating.com. Navigating the complexity of the global supply chain as a procurement professional can sometimes feel like taking a walk through the Amazon without a compass, or entering into outer space without an oxygen tank. Don’t Panic!

Procurement Solutions 90

Procurement Solutions Procurement Analytics Procurement Eliminating Excel in Purchasing 90

Supply Chain Shaman

FEBRUARY 18, 2021

The Failure of Existing Demand Planning Solutions. During the pandemic, supply chain leaders turned off their demand planning solutions. Also, the solutions lacked flexibility. No company interviewed was able to successfully use their current what-if solutions to model pandemic impacts. Lessons Learned. The reason?

Supply Chain Planning Software 322

Supply Chain Planning Software Supply Chain Design Software Supply and Demand Procurement Analytics 322

ToolsGroup

FEBRUARY 7, 2022

Love it or hate it, daily necessities need to be purchased. Whichever reasons fuel the motivations of your target market, here are the top trends shaping how they’ll buy – and how you can stay front of mind and ahead of the competition. eCommerce Purchases and “The New Normal” Retail Categories. Take Burlington, for example.

Supply Chain Planning Software 177

Supply Chain Planning Software Trends Retail Forecasting Software 177

Supply Chain Shaman

APRIL 16, 2024

As companies struggled to respond to increasing business complexity—a growing number of products, channels, and markets with regional preferences—few software applications were equal to managing channel complexity. Replatforming Current Planning Solutions. For example, inflationary costs, lead time variability, conversion rates, etc.)

Supply Chain Planning Software 221

Supply Chain Planning Software Supply Chain Design Software How To Inventory Reduction 221

QAD

JUNE 29, 2023

Because designing quality from the start requires a combination of the right employees using the proper tools and processes in a corporate environment that teaches, expects and fosters investment in the upfront design process. Take PennEngineering for example. New product introduction (NPI) also includes managing suppliers’ quality.

Price Reduction 92

Price Reduction Sourcing Strategies Expense Reduction Resource Reduction 92

Synovos

FEBRUARY 21, 2023

Improve Operational Efficiency and Eliminate Internal Complexity Through Digital Procurement From better spend visibility to reduced order times and more, can your organization afford to miss out on the benefits of digital procurement? “Any good procurement team needs access to reliable data.”

Optimal Sourcing 52

Optimal Sourcing Sourcing Strategies Procurement Analytics Cost Reduction Strategies 52

Logistics Viewpoints

DECEMBER 2, 2021

There will be little relief in 2022 unless the factors driving the increased import volumes—a strong economy and the fundamental shift in consumer behavior to purchase more goods and less services—change. Near or re-shoring sourcing strategies will be evaluated to “shorten” supply chains and gain greater control of supply chain performance.

Predictive Analytics Software 312

Predictive Analytics Software Predictive Analytics Waste Reduction Cost Reduction Strategies 312

Unleashed

MARCH 21, 2021

The procure to pay process is complex and far more than simply making a phone call, or sending a few emails to arrange the purchase of goods. Strategically approaching the procure to pay process can see your company reap the rewards. In this guide, we’ll cover: What is the procure to pay process. Negotiating.

Procurement Analytics 59

Procurement Analytics Procurement Solutions Manufacturing Procurement Optimal Sourcing 59

Enterra Insights

OCTOBER 22, 2021

The bane of e-commerce is the large percentage of purchased items that are returned. She reports, “The share of online purchases that are returned averages 30% or higher, depending on the category, three times the rate in physical stores.”[2] 1] Journalist Suzanne Kapner believes the problem is even worse.

Waste Reduction 130

Waste Reduction Cost Reduction Strategies Reverse Logistics Eliminating Excel in Purchasing 130

Supply Chain Shaman

DECEMBER 11, 2018

Recent releases of Advanced Planning Solutions (APS) refined but did not transform initial software concepts. 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. 3) Outside-in Processes.

Supply Chain Planning Software 204

Supply Chain Planning Software Supply Chain Design Software Modeling Software Supply Chain Network Software 204

Precoro

MAY 6, 2024

Invoice tracking is crucial for purchasing companies that want to stay on top of payments and avoid paying penalty fees. This involves storing invoices, purchase orders, receipts, and other relevant documents in an organized manner for easy retrieval and reference. Plus, it enables buyers to capitalize on early payment discounts.

Procurement Solutions 105

Procurement Solutions Forecasting Software Optimization Software Procurement Analytics 105

Unleashed

AUGUST 11, 2020

Cost reductions in food manufacturing can be achieved by using food manufacturing software that improves ordering processes and minimises overstocking of expensive raw ingredients. The right software will also improve operational processes, boost warehouse efficiency and reduce waste. Working with fresh food.

Manufacturing Procurement 89

Manufacturing Procurement Inventory Management Software Supply Chain Planning Software Forecasting Software 89

Supply Chain Shaman

SEPTEMBER 20, 2015

One of these concepts that I hear a lot; but see few tangible examples, is the idea of “customer-segmented supply chain.” When I hear companies discussing the implementation of a customer segmentation strategy, I ask a series of questions: Who is your customer? How do they buy from you? How do they buy from you?”

Inventory Reduction 150

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Supply Chain Strategy 150

Unleashed

DECEMBER 5, 2023

Shoppers can now enjoy more personalised buying journeys, as merchants make it faster and easier to find the products that they’re most likely to purchase. Goods are being produced, procured, and delivered more efficiently with reduced costs. These examples are just the tip of the iceberg. Let’s dive in.

Inventory Management Software 52

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

Enterra Insights

SEPTEMBER 30, 2022

One retail sector that witnessed a dramatic rise in online purchases during the pandemic was the grocery sector. Analysts from Chicory note, “The grocery shopper’s path to purchase from digital to in-store and other online environments has always been obscure.”[2] The Omnichannel Consumer. The Omnichannel Retailer.

Omnichannel 130

Omnichannel Retail Eliminating Excel in Purchasing Supply Chain Planning Software 130

Unleashed

JANUARY 24, 2022

We also give you the 10 best practices to reduce your spend on MRO goods while maintaining a steady flow of the items you need – including the KPIs and software that will assist you. MRO stands for Maintenance, Repair and Operations and refers to the MRO of the machinery, equipment, and tools necessary to run a business.

Inventory Reduction 98

Inventory Reduction Inventory Management Software Procurement Solutions Supply Chain Software 98

NC State SCRC

NOVEMBER 29, 2023

During that time, she worked in a number of different areas including direct procurement, indirect procurement, operations, supply chain, packaging, and operations support including: HR, finance, IT and facilities management. Now, Pam is helping lead a digital procurement transformation for Caterpillar Inc.

Supply Chain Planning Software 52

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

Logility

APRIL 23, 2013

For more than 80 years, Seco Tools has delivered a diverse portfolio of tools and services around the world. Seco Tools manufactures cutting tools made of steel, tungsten carbide and cobalt. The tools are based on industry standards which allows each customer to select their supplier. “Logility was unique.

Inventory Reduction 100

Inventory Reduction Vendor Strategies Expense Reduction Cost Reduction Strategies 100

Supply Chain Game Changer

NOVEMBER 15, 2018

Procurement professionals have the same question looming over their head on a daily basis: “How do you plan on dealing with digitalization?”. Recently I had the pleasure of attending EBG Network’s 8th Annual Source to Pay Summit, which gathered some of the Nordic’s largest organizations and procurement profiles. around the globe?—?and

Procurement Solutions 53

Procurement Solutions Procurement Analytics Optimal Sourcing Supply Chain Planning Software 53

Supply Chain Game Changer

JANUARY 19, 2022

Strategies to improve your Supply Chain article and permission to publish here provided by Claire Glassman. The supply chain is a significant part of your overall business strategy and inventory management. Below are some of the best strategic solutions you can consider to maximize your supply chain’s efficiency and performance: 1.

Vendor Strategies 109

Vendor Strategies Inventory Reduction Cost Reduction Strategies Resource Reduction 109

Unleashed

OCTOBER 16, 2023

Raw material inventory management oversees the procurement, handling, and storage of raw materials. This guide explores the ins and outs of managing raw materials in a manufacturing business, with examples and actionable tips for improving your processes. It is a part of the bill of materials for the finished goods.

Inventory Management Software 52

Inventory Management Software Material Savings Inventory Management Inventory Reduction 52

QAD

OCTOBER 26, 2023

Despite significant advances in technological solutions, many companies still run their global supply chain via spreadsheets and email. In the United States for example, many companies have been considering – and some already taken – strategies like near-shoring and reshoring.

Supply Chain Disruption 92

Supply Chain Disruption Supply Chain Software Supply Chain Strategy Modeling 92

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

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

Resilinc

FEBRUARY 20, 2024

In our Q&A, Shahzaib discussed predictive AI, which is used for supply chain disruption monitoring, hurricane simulators, commodity predictions, supplier screening, and predictive purchase orders. For example it has been used to: Diagnose breast cancer with the same accuracy as radiologists when given mammograms that show signs of cancer.

Predictive Analytics Software 90

Predictive Analytics Software Modeling Supply Chain Planning Software Supply Chain Software 90

Elementum

FEBRUARY 7, 2024

Gone are the days of tedious, manual processes; today, AI-powered solutions are streamlining operations, enabling businesses to focus their human resources on strategic initiatives rather than routine tasks. It supports vast data storage, high computational power for AI algorithms, and enables the integration of diverse BPA tools.

Sourcing Strategies 78

Sourcing Strategies Supply Chain Software Optimal Sourcing Predictive Analytics Software 78