Precoro

JULY 29, 2024

An online procurement system, also known as e-procurement software, is a digital platform designed to streamline and automate the buying process within an organization. It enables businesses to manage their procurement activities quickly and transparently, from requisition to payment. Let’s break them down.

Procurement Solutions 105

Procurement Solutions Supply Chain Design Software Supply Chain Planning Software Analytics Software 105

Supply Chain Network

DECEMBER 14, 2013

Speaker(s): Rob Bass, Vice President, Distribution, Best Buy Co., Learn how these retailers determine key metrics for the stores and for the Executive team, and how they measure and improve efficiency in order to better serve their customers. Tom Boike, Vice President, Supplier Management, UPS.

Logistics Network Optimization Software 115

Logistics Network Optimization Software Supply Chain Design Software Supply Chain Planning Software Retail 115

Supply Chain View from the Field

JANUARY 14, 2015

Such systems are also instrumental in establishing aligned tactical and strategic performance metrics systems that drive improved economic outcomes (Bendoly et al., They have been touted as the key to manufacturing excellence and supply chain integration… But what is the real ROI on ERP system implementation?

Manufacturing Procurement 60

Manufacturing Procurement Negotiating Skills Procurement Analytics Purchasing Skills 60

SCMDOJO

FEBRUARY 29, 2024

Supplier performance management is fraught with challenges and difficulties for several reasons. The biggest challenge is that simply offering metrics, even those that appear to be the “right” metrics, usually doesn’t produce any results. What metrics do others (in my industry) use?

Vendor Strategies 84

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 84

Supply Chain Game Changer

JUNE 2, 2020

Past leadership titles include Chief Procurement Officer at both Lucent Technologies and Micron Technologies, in addition to other leadership positions as Vice-President Supply Chain Management, Operational Excellence Executive, and Chief Strategy Officer. The details and magic of Excel analyses.

Sourcing Strategies 71

Sourcing Strategies Material Savings Price Reduction Cost Reduction Strategies 71

Supply Chain View from the Field

JULY 22, 2015

Instead, the buying company should be aware of “hidden costs” to the contract, which often pop up unexpectedly once the contract is in full swing. What are the key metrics that are going to determine success? If the buying company does have to exit, they may want to own those co-IP rights to use with the next supplier.

Pricing Training 60

Pricing Training Purchasing Training Negotiate Pricing Negotiating Skills 60

6 River Systems

DECEMBER 11, 2018

Logistics personnel and supplier management pointers. Create an adaptive unified buying process. “If you look at the typical buying process, it is bifurcated based on geography. If I am going to buy goods from this geography, then I use this process. Integrating automated collaboration.

Inventory Reduction 75

Inventory Reduction Cost Reduction Strategies Resource Reduction Sourcing Strategies 75

SCMDOJO

OCTOBER 7, 2024

It takes into account inventory levels, production, and purchasing lead times, order statuses, as well as forecasts, and customer orders that drive the master production schedule. Eventually, the name was changed to manufacturing resource planning or MRP II, which also integrates capacity planning, forecasting, and demand management.

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Planning Software Inventory Management Software Forecasting Software 52

Unleashed

APRIL 3, 2023

Limited reporting: QuickBooks lacks deeper business insight reporting than surface-level metrics, meaning evidence can’t be produced for certain quality control, profitability, and efficiency decisions. Unleashed QuickBooks inventory software Unleashed is the ultimate inventory management add-on for QuickBooks users.

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Forecasting Software Demand Planning Software 52

Precoro

FEBRUARY 27, 2023

Spend analysis is a crucial part of the broader business practice of spend management because a clear picture of the company's expenditures is essential for fact-based decisions in strategic sourcing and supplier management. Filing financial reports also takes less time with access to verified and unified data.

Analysis 52

Analysis Purchasing Skills Procurement Analytics Optimal Sourcing 52

HICX Solutions

OCTOBER 13, 2020

Richard points out, “If you’re talking about a very small organization, a small medium enterprise, with a limited number of suppliers, it sounds awful, but you may get away with just a good, well thought-out Excel spreadsheet.”. It is therefore key that these are taken into account and monitored as part of the procurement function.

Manufacturing Procurement 52

Manufacturing Procurement Data Procurement Supply Chain Software 52

Taulia

JULY 5, 2021

With VMI, the buyer shares their inventory, demand data, and delivery parameters with the supplier. The supplier uses the data to determine the order size to replenish the amount of inventory held in VMI. Suppliers also have their own balance sheet metrics to worry about. How does VMI work?

Vendor Strategies 52

Vendor Strategies Inventory Reduction Inventory Optimal Sourcing 52

Unleashed

JUNE 26, 2024

It connects inventory management with related functions, such as purchasing and customer management, to enable a unified platform for operations. In addition to real-time inventory management, most tools also provide functionality for managing purchase orders , integrating sales, and storing customer information.

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Supply Chain Design Software Forecasting Software 52

Precoro

MARCH 30, 2022

The term procurement strategy refers to a long-term plan to build strategic relationships with competitive suppliers to acquire the necessary goods and services of the best quality in a specific cost range and have them delivered on time. A procurement strategy defines how purchasing decisions are made. Green Purchasing.

Vendor Strategies 52

Vendor Strategies Sourcing Strategies Cost Reduction Strategies Price Reduction 52

Unleashed

MARCH 26, 2023

Xero’s native inventory features include: Track up to 4000 stock items Enter and review stock quantities Add items to an invoice You can use this information in conjunction with Xero’s regular accounting suite to compare different financial metrics. But as customers purchase products, those levels need to shrink again.

Inventory Management Software 52

Inventory Management Software Supply Chain Design Software Analytics Software Forecasting Software 52

HICX Solutions

OCTOBER 13, 2020

Richard points out, “If you’re talking about a very small organization, a small medium enterprise, with a limited number of suppliers, it sounds awful, but you may get away with just a good, well thought-out Excel spreadsheet.”. It is therefore key that these are taken into account and monitored as part of the procurement function.

Manufacturing Procurement 40

Manufacturing Procurement Data Procurement Supply Chain Software 40

ThroughPut

FEBRUARY 23, 2024

With so many changing variables, excel sheets or human intervention alone can’t gain the level of visibility needed to forecast the future. AI for supplier relationship assessment. Embracing AI for supplier management within the supply chain translates to: Optimizing your sourcing decisions through critical data insights.

Predictive Analytics Software 59

Predictive Analytics Software Supply Chain Planning Software Optimal Sourcing Predictive Analytics 59

synchrono

DECEMBER 18, 2017

So, once you have universal buy-in on the project (see Guest Blog1: Real-world Advice for Getting Started on eKanban ), the first step toward execution is to develop a good process, or value-stream map. Metrics typically associated with eKanban projects include: Inventory turns/Inventory cost. Supplier performance.

Inventory Reduction 104

Inventory Reduction Waste Reduction Expense Reduction Vendor Strategies 104

Precoro

MARCH 14, 2025

Although digital procurement solutions have been on the rise for the last decade, there’s still one thing that plagues every company’s purchasing process—and it’s called maverick spend. According to the American Productivity & Quality Center (APQC), maverick buying accounted for 1.8%

Material Savings 45

Material Savings Vendor Strategies Expense Reduction Price Reduction 45

RFgen

DECEMBER 19, 2024

And perhaps most critically, a lack of real-time visibility into stock levels prevents informed decision-making about purchasing, production, and fulfillment. Modern inventory management solutions have evolved far beyond basic stock counting. Frequently Asked Questions What is inventory management software, and why is it important?

Inventory Management Software 97

Inventory Management Software Analytics Software Supply Chain Planning Software Forecasting Software 97

HICX Solutions

NOVEMBER 11, 2020

Supplier experience management itself represents a step-change in how relationships with suppliers are approached, as Costas Xyloyiannis, CEO and Founder of HICX, explains during the discussion: “Procurement is looking at supplier management through a different lens.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Optimal Sourcing Procurement 52

Supply Chain Game Changer

NOVEMBER 5, 2019

In fact it is often such a forgotten category that operations personnel are often left to fend for themselves in buying and securing supply. As such it can, out of necessity, become a source of rogue buying behaviour and risky purchases. How Should MRO be Managed? mro #procurement #purchasing #manufacturing.

Manufacturing Procurement 59

Manufacturing Procurement Procurement Analytics Procurement Solutions Eliminating Excel in Purchasing 59

SCMDOJO

JANUARY 22, 2025

Want to optimize your supply chain metrics and drive significant improvements? Understanding and tracking key supply chain metrics is essential. This guide will equip you with the knowledge you need to make data-driven decisions, achieve your business goals, and boost your supply chain metrics.

Procurement Analytics 90

Procurement Analytics Metrics Supply Chain Design Software Supply Chain Planning Software 90

SCMDOJO

JANUARY 22, 2025

Logistics Metrics KPIs are the hub of innovations. Logistics Metrics Operation Activities In summary, a typical logistics metrics operation has five main activities, which can be divided into several sub-activities. Muddassir Ahmed has created a sample Logic API dashboard showing the most frequently used logistics metrics KPIs.

Procurement Analytics 52

Procurement Analytics Metrics Negotiating Skills Logistics Network Optimization Software 52

Precoro

JANUARY 28, 2025

As a part of the supply chain, procurement entails discovery, supplier selection, contract negotiation, and purchasing. Efficient procurement management saves the company money and helps develop great vendor relationships. Issue a request for information to explore supplier capabilities and offerings. Keep records.

Optimal Sourcing 98

Optimal Sourcing Manufacturing Procurement Procurement Analytics Procurement Solutions 98

Precoro

JUNE 4, 2025

They help procurement managers track and measure performance metrics, such as quality, delivery, cost, and compliance, to guide contract renewals and drive continuous improvement.  Over time, you can expand and refine the vendor selection scorecard to capture more nuanced insights and drive greater supplier value. 

Vendor Strategies 45

Vendor Strategies Examples Optimal Sourcing Negotiating Skills 45

Precoro

FEBRUARY 28, 2025

Procurement teams transform purchasing into a competitive advantage by analyzing response time and quality consistency metrics. Well-structured procurement and project management systems uphold compliance, drive transparency, and support data-driven decision-making. Outline Milestones and Purchasing Timelines.

Procurement Analytics 45

Procurement Analytics Procurement Solutions Optimal Sourcing Manufacturing Procurement 45