Precoro

JANUARY 29, 2024

As the department overseeing an organization's external expenditure, procurement is responsible for softening the impact of inflation. In this article, we will discuss how a robust procurement management plan can help address and mitigate the effects of inflation. Procurement methodology. Objectives and scope.

Procurement Solutions 98

Procurement Solutions Procurement Analytics Optimal Sourcing Supply Chain Planning Software 98

Unleashed

JUNE 8, 2023

Behind every successful product business is a thoughtful procurement strategy designed to optimise the supplier management and purchasing process. This guide answers exactly what is procurement, how procurement works in a business , and which tools and strategies lead to supply chain success. What does a procurement manager do?

Procurement Solutions 52

Procurement Solutions Sourcing Strategies Vendor Strategies Material Savings 52

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. Types of Procurement Analytics.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Solutions Procurement Analytics Pricing Training 98

Logistics Viewpoints

MARCH 17, 2022

The same survey indicates that 50% of the retailers are unhappy with their existing technology solutions and are looking to enhance or replace them to bring more diagnostic and predictive capabilities, including: Current demand vs. forecast analysis and rebalancing. Automated forecasting processes. Network cost modeling.

Supply Chain Planning Software 279

Supply Chain Planning Software Forecasting Software Analytics Software Supply Chain Network Software 279

Precoro

FEBRUARY 4, 2022

According to a Paystream 2018 Procurement Insights report, 80% of organizations still use manual or semi-digital tools to manage their procure-to-pay cycle. Most organizations are using the procurement module integrated with their ERP or accounting software. What is Procure to Pay? Procure-to-Pay Definition.

Procurement Solutions 98

Procurement Solutions Procurement Analytics Optimal Sourcing Procurement 98

Logistics Viewpoints

FEBRUARY 28, 2022

Machine Learning, a Form of Artifical Intelligence, Has Feedback Loops that Improve Forecasting. AI can refer to several different types of math. Machine learning has been used to improve demand forecasting since the early 2000s. But machine learning for demand forecasting is much better than it used to be.

Optimal Sourcing 284

Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 284

Logistics Viewpoints

APRIL 14, 2022

Experts from North Carolina State University and GEP conducted a survey on supply chain, procurement and IT leaders to determine their challenges and priorities, focusing on examining gaps in the supply chain. The study found that these leaders considered the largest gap to be between supply chain and procurement, citing it as a major issue.

Supply Chain Planning Software 211

Supply Chain Planning Software Supply Chain Software Forecasting Software Procurement Solutions 211

Silvon Software

APRIL 18, 2024

These technologies are not just transforming business areas like sales, procurement, production, distribution and others by streamlining data categorization and insight generation; they are reshaping entire business landscapes by offering real-time intelligence that informs strategic decision-making across all core areas.

Manufacturing Procurement 59

Manufacturing Procurement Procurement Analytics Analytics Software Predictive Analytics 59

Precoro

SEPTEMBER 2, 2022

For some businesses – usually smaller or with a single-source purchasing flow – it may be sustainable to react to the immediate needs. However, growing organizations that face increasing complexity recognize the value of thoughtfully-planned and managed procurement. Office supplies would be an example of indirect procurement.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Solutions Procurement Analytics Optimal Sourcing 98

Supply Chain Shaman

APRIL 26, 2022

Since I have covered bi-directional orchestration in prior blogs, here I am going to detail how taxonomies in the area of digital twin and direct procurement need to morph to drive value but for reference, in Figure 1, I share the previously shared model for bi-directional orchestration. Tackling Procurement.

Manufacturing Procurement 221

Manufacturing Procurement Optimal Sourcing Supply Chain Planning Software Procurement Analytics 221

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

SCMDOJO

FEBRUARY 13, 2023

The procurement department is an integral part of any organization, playing a crucial role in the purchasing process. To get the most out of any procurement team, all the associated key roles need to be filled with qualified individuals that understand both technology and the principles of supply chain management.

Negotiating Skills 87

Negotiating Skills Purchasing Skills Negotiate Pricing Procurement Analytics 87

Unleashed

MARCH 9, 2021

What is procurement? In simple terms business procurement is the process of locating and acquiring goods and services from external sources for the business to use. Procurement activities include planning, sourcing, and negotiation, along with risk management, legal and value analysis.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104

Supply Chain Shaman

SEPTEMBER 28, 2022

Navigating through the turmoil is unprecedented: there are no easy reference models to guide behavior. Based on the current issues with material shortages, labor issues, electrical costs and outages, weather events, and water availability, I forecast an equal level of disruption for the next three years. COVID impacts also continue.

Manufacturing Procurement 195

Manufacturing Procurement Supply Chain Design Software Network Design Software Supply Chain Planning Software 195

OptiProERP

MAY 18, 2023

So what is procurement? Procurement is acquiring goods, services, or works from an external source. It involves sourcing, negotiation, ordering, delivery, and payment for goods or services. What Are the Types of Procurement?

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Negotiate Pricing Procurement Solutions 52

Supply Chain Shaman

NOVEMBER 21, 2018

Reference Figure 1. Outsourcing–procurement, manufacturing and transportation– decreased visibility and increased data latency. 2) Forecast Value Added. Forecast Value-Added (FVA) is a measurement of demand management improvement. 3) Forecastability : A measurement of the ease of forecasting.

Supply Chain Planning Software 203

Supply Chain Planning Software Forecasting Software Supply Chain Planning Demand Planning Software 203

Supply Chain Shaman

FEBRUARY 14, 2022

Orchestration enables companies to effectively manage trade-offs between source, make, deliver and sell.) Tight coupling of the supply chain forecast to the financial forecast will improve value. Even when I proved that the process was degrading the forecast by 35-60%, companies still clung to a wrong number. Measure it.

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

Precoro

FEBRUARY 12, 2024

In order to make it as realistic as possible, it’s a good idea for treasury and finance departments to communicate closely with sales, procurement, and accounting teams. As liquidity management requires total visibility into financial data, it helps companies create more accurate scenario analysis and cash forecasting.

Optimal Sourcing 102

Optimal Sourcing Expense Reduction Inventory Reduction Negotiating Skills 102

EC Sourcing Group

NOVEMBER 17, 2020

When you’re trying to control the entire procurement process within the supply chain, you want to make sure that you have the best software for your needs at your side so that everyone—you, vendors, and suppliers, are getting their needs met within the supply chain. It is sometimes referred to “true market price.”. eAuction tools.

Procurement Solutions 52

Procurement Solutions Supply Chain Software Supply Chain Planning Software Forecasting Software 52

EC Sourcing Group

DECEMBER 1, 2021

Demystifying Transportation Sourcing. 9/2/2021 – Guest Blog Post from Kumar Kannan of Procural. If you are like me, transportation sourcing is a mind boggling and complex field. This article is about creating value in transportation sourcing. This article is about creating value in transportation sourcing.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Sourcing Strategies Sourcing 52

Supply Chain Shaman

NOVEMBER 11, 2020

I forecast that this interest will grow and the market is going to become more confusing. The discipline, first defined in 1982, includes source, make, deliver, and planning functions. As a part of this due diligence, I interviewed the Company, participated in briefings, and talked to references and employees to write this article.

Supply Chain Design Software 334

Supply Chain Design Software Procurement Solutions Manufacturing Procurement Supply Chain Planning Software 334

EC Sourcing Group

SEPTEMBER 2, 2021

Demystifying Transportation Sourcing. 9/2/2021 – Guest Blog Post from Kumar Kannan of Procural. If you are like me, transportation sourcing is a mind boggling and complex field. This article is about creating value in transportation sourcing. This article is about creating value in transportation sourcing.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Sourcing Strategies Sourcing 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

Logility

JULY 14, 2022

For many of these collaborations, it’s about achieving full visibility, complete forecasting, end-to-end leverage and the ultimate in sustainability.”. References below to the Company means Logility, Inc. To view the full list of this year’s Top Supply Chain Project winners, please visit [link]. and L.I.N.K.

Logility 173

Logility Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software 173

ToolsGroup

DECEMBER 17, 2020

Cloud has evolved to provide the ideal infrastructure and platform for hosting multiple supply chain partners to collaboratively offer optimized services including planning, logistics, sourcing, procurement and service parts management. Check out our primer on probabilistic forecasting here. Who can provide them?

Supply Chain Planning Software 275

Supply Chain Planning Software Supply Chain Design Software Modeling Software Forecasting Software 275

QAD

JANUARY 25, 2024

Companies worldwide seek to capitalize on cost efficiencies by sourcing goods from foreign markets. Shipment visibility refers to the real-time tracking and monitoring of goods as they move through your supply chain.

Real-time Visibility 89

Real-time Visibility Optimal Sourcing Supply Chain Planning Software Supply Chain Software 89

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. In other words, it happens within the company’s defined procurement cycle. Unmanaged spend , on the other hand, happens outside of the procurement cycle.

Procurement Solutions 98

Procurement Solutions Negotiating Skills Purchasing Skills Expense Reduction 98

The Logistics & Supply Chain Management Society

JULY 16, 2023

Resilience refers to the ability of a supply chain to withstand and recover from disruptions, while agility refers to its ability to respond quickly and effectively to changing circumstances. Demand changes refer to shifts in customer preferences, market trends, or unexpected spikes in demand.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Supply Chain Software Sourcing Strategies Resource Reduction 130

ToolsGroup

OCTOBER 25, 2022

More than ever, seasonal inventory needs to be carefully accounted for during the demand forecasting and inventory planning process , ensuring right-sized inventory that can meet customer expectations while limiting the spend and use of working capital. Is your historical data not a reliable enough foundation for your forecast?

Inventory Reduction 156

Inventory Reduction Inventory Optimal Sourcing Supply and Demand 156

SCMDOJO

JANUARY 17, 2024

They are in charge of purchasing, procurement, and sourcing. Logistics in this context can refer to both delivering orders to customers and moving the company’s inventory (e.g., They supervise the whole operation, from forecasting demand and planning production to procurement and logistics.

Purchasing Skills 72

Purchasing Skills Negotiating Skills Optimal Sourcing Manufacturing Procurement 72

ToolsGroup

APRIL 11, 2018

Jörg Schlager describing SKF's Integrated Planning (Source: Optilon). There was limited alignment between regional forecasts and there could be potentially different planning methods and parameters in each unit. Figure 1 Source: SKF. Figure 2 Source: SKF. Figure 3 Source: SKF. Figure 4 Source: SKF.

Supply Chain Planning Software 222

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Scenario Planning 222

Supply Chain Matters

MARCH 7, 2022

In this Supply Chain Matters Product Demand and Supply Network Perspective we reference a published Bloomberg report addressing how the ongoing Russia-Ukraine conflict is impacting commodity and materials planning and supply concerns. Forecasting is no longer an art.

Price Reduction 52

Price Reduction Forecasting Supply and Demand Agile and Lean Supply Chain 52

Logistics Viewpoints

AUGUST 29, 2022

In forecasting lock downs, they looked at infections per million people (PPM) per country. The shut-down forecast also allowed the company to position extra PPEs at its 3 Italian plants. Examples of third-party data would include weather forecasts, sustainability ratings, or D&Bs on a company’s financial viability.

Risk Management 196

Risk Management Supply Chain Planning Software Supply Chain Design Software Supply Chain Risk Management 196

SYSPRO Smarter ERP

MARCH 9, 2022

Many also extend to inventory management, order management, procurement, and production. Having all information located in one source gives decision-makers access to actionable data on multiple activities. This enables the procurement department to know when new purchase orders have to be placed. What does an SCM offer?

Supply Chain Planning Software 119

Supply Chain Planning Software Manufacturing Procurement Supply Chain Software Procurement Solutions 119

Enterra Insights

NOVEMBER 17, 2020

Gamboni told conference participants, “We need new ways to forecast demands.” Instead, AI-based tools can be used to capture elements from the environment, which can be correlated with demand and then extrapolated to improve forecast accuracy.” ” Cognitive technologies and supply chain planning. .”

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Scenario Planning 100

SCMDOJO

APRIL 22, 2022

Outsourcing takes place in every service, so much so that the retailers or businesses are not aware from whom a specific part of the product is procured. NFTs supply a sole source of truth. Streamlining Procurement Operations. You can find more about procurement here. Better Supply Chain Collaborations.

Supply Chain Planning Software 137

Supply Chain Planning Software Pharmaceutical Supply Chain Software Supply Chain Planning 137

Supply Chain Opz

JUNE 23, 2014

It follows 4-step process as described below, (1) Forecaster develops a baseline forecast using statistical methods (2) Forecast is then adjusted by the sales team to reflect a promotion plan, new product introduction, special events, current market and economic conditions and so on. (3)

Inventory Management Software 220

Inventory Management Software Inventory Management Inventory Reduction Inventory 220