EcoVadis

JULY 13, 2018

No matter what industry you operate in, procurement can create immense value — in some sectors, for instance construction, as much as 80 percent of revenue goes into the supply chain. Unlike many other standards, ISO 20400 is not intended for certification, but it may lead to performance assessments. What Are the Key Benefits?

Procurement Analytics 74

Procurement Analytics Procurement Solutions Optimal Sourcing Sustainability 74

SYSPRO Smarter ERP

AUGUST 2, 2023

As members of one of the most highly regulated industries in the world, medical device manufacturers face numerous challenges. Detailed audit trails of all transactions provide transparency and evidence during regulatory audits and can aid in the investigation and resolution of customer complaints, aligning with FDA guidelines.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Analytics Analytics Software Optimal Sourcing 98

QAD

APRIL 14, 2022

The answer just might be controlled environment agriculture or “vertical farming” to assist in solving potential future food shortages and as a means to re-invent the food industry as a whole. The benefits could provide solutions to many disruptive forces currently impacting agriculture, farming and food manufacturing.

Food 97

Food Manufacturing Procurement Resource Reduction Waste Reduction 97

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

Precoro

SEPTEMBER 4, 2023

However, software firms, insurance companies, and brokerage businesses have a negative cash conversion cycle because they realize sales without heavily relying on inventory. Cost of goods sold (COGS) is the total cost of producing or purchasing the goods sold during the same period. Regularly monitoring inventory levels.

Optimal Sourcing 59

Optimal Sourcing Negotiate Pricing Inventory Reduction Material Savings 59

Unleashed

JANUARY 14, 2024

It refers to the process of purchasing, storing, and tracking the various goods required to build a product. Manufacturing inventory management requires a coordinated approach across production, purchasing, sales, and logistics departments. Ordering and purchasing the required materials from suppliers at the right time and quantity.

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Inventory Reduction Inventory Management 52

Supply Chain Game Changer

NOVEMBER 7, 2019

In this post, I’d like to suggest a mapping of a digital procurement ecosystem, dive into the necessity for these functionalities, and draw some conclusions as to how these focus areas can drive performance in an overall procurement organization. The Digital Procurement Ecosystem. Digitization vs. Digitalization.

Manufacturing Procurement 55

Manufacturing Procurement Procurement Solutions Optimal Sourcing Procurement 55

SCMDOJO

DECEMBER 11, 2023

In the realm of efficient procurement management, understanding the various types of procurement reports becomes paramount. These reports serve as navigational tools, offering insights into different facets of the procurement process.

Procurement Analytics 16

Procurement Analytics Optimal Sourcing Procurement Solutions Material Savings 16

The Logistics & Supply Chain Management Society

APRIL 26, 2022

The International Post Corporation (IPC), found 44% of online shoppers have changed their purchasing behaviour to be more sustainable. What progress can we expect to be made in carbon-neutral and reduced-carbon shipping, and how much greener can the industry hope to go, while still operating profitably?

Shipping 243

Shipping Material Savings Procurement Analytics Waste Reduction 243

Arena Solutions

OCTOBER 12, 2023

1 This year’s medical device industry is projected to grow from $536.12 However, one crucial caveat to all this growth and opportunity is that—you need to follow industry compliance guidelines and deliver on quality. A QMS typically aligns with your product lifecycle management (PLM) solution and your product innovation goals.

Quality 88

Quality Sourcing Strategies Supply Chain Planning Software Manufacturing Procurement 88

Precoro

APRIL 22, 2024

The survival rates depend on country, industry, and current market conditions, but these general trends are observed globally. They oversee regulatory reporting requirements, such as filings with government agencies and regulatory bodies, and ensure that the organization operates within legal and ethical guidelines.

Optimal Sourcing 105

Optimal Sourcing Negotiating Skills Procurement Solutions Resource Reduction 105

Supply Chain Game Changer

NOVEMBER 28, 2018

Check out Procurement Outsourcing – Keep your Integrity! The details were still a bit sketchy but pointed to a serious breach of our business conduct guidelines. I was shaken by the reality that our people, our trusted procurement professionals, were being implicated for fraudulent behavior towards our suppliers.

Procurement Analytics 43

Procurement Analytics Procurement Solutions Procurement Negotiate Pricing 43

Logistics Bureau

APRIL 4, 2022

It simply means checking your company’s rates paid for freight transportation against those borne by its peers in the same or similar industries and shipping scenarios. Alternatively, you can procure access to a digital freight benchmarking platform. The Pros and Cons of Procuring a Benchmarking Tool.

Benchmarking 68

Benchmarking Negotiating Skills Logistics Network Optimization Software Purchasing Skills 68

Enterra Insights

JUNE 1, 2021

Vaibhavi Tamizhkumaran, a Digital Marketing Executive at Indium Software, writes, “The retail industry is constantly changing and will continue to evolve, from concentrating efforts on website growth and online retail to needing faster shipping speeds. Ensuring the constant availability of all these products is a daunting challenge. …

Supply Chain Design Software 130

Supply Chain Design Software Supply Chain Planning Software Analytics Software Supply Chain Software 130

HICX Solutions

AUGUST 11, 2021

SXM Webinar Series with Art of Procurement. In the first of a three-part Art of Procurement Live Webinar Series ‘Putting the Supplier Experience at the Forefront of Strategic Procurement’ in partnership with HICX, we focus on how to make the business case for Supplier Experience Management (SXM). .

Procurement Analytics 52

Procurement Analytics Optimal Sourcing Procurement Solutions Charlotte 52

ToolsGroup

SEPTEMBER 22, 2021

Despite these sizable hurdles, women are making huge contributions to advance the supply chain industry. We’re also using data from customers to partner with suppliers on long-term purchasing plans so they can confidently and predictably run production to support anticipated needs. How did you overcome them?

Supply Chain Planning Software 177

Supply Chain Planning Software Gartner Supply Chain Software Agile and Lean Supply Chain 177

NC State SCRC

MARCH 15, 2016

Today I travelled to Baltimore to attend the ISM/Spend matters Global Procurement Tech Summit. I will be speaking on procurement analytics tomorrow, but got to attend a set of great sessions over the first half of the day. The first speaker was Anne Rung, Administrator from the Office of Federal Procurement Policy.

Procurement Solutions 40

Procurement Solutions Optimal Sourcing Baltimore Analytics Software 40

Unleashed

NOVEMBER 15, 2021

Mass customisation is also known as: Made-to-order Built-to-order Increasingly popular in the retail goods sector – but also used in the automotive, software and finance sectors – mass customisation allows customers to purchase a product that is more ‘them’. What about mass customisation in software?

Inventory Management Software 98

Inventory Management Software Supply Chain Design Software Supply Chain Planning Software Forecasting Software 98

SCMDOJO

FEBRUARY 29, 2024

What metrics do others (in my industry) use? They do not relate to any overall company procurement goals and objectives. Figure 1: SPM Project Stages (Gordon Sherry R, 2008) This organization has created a Procurement Steering Committee with management participation to leverage procurement as a tool to improve business performance.

Vendor Strategies 55

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 55

Precoro

JUNE 21, 2022

Company: Green Cell Locations: Poland, England, France Industry: Technology, Consumer Electronics Website: [link] Using Precoro since: 2019 Users: 66 and counting Client’s evaluation: 8/10 Featuring: Jacek Zmuda – Controlling Manager, and Katarzyna Siedlarczyk – Junior Controlling Specialist What is Green Cell?

Procurement Solutions 98

Procurement Solutions Manufacturing Procurement Demand Planning Software Purchasing Skills 98

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

Logility

OCTOBER 12, 2021

You could simply adopt existing guidelines to establish a code of conduct that supports the values you want to see in a socially responsible supply chain. The right digital tools will ensure that information regarding the status and operations of third parties is always within reach to ease or automate decision-making and planning.

Supply Chain Planning Software 130

Supply Chain Planning Software Sustainability Supply Chain Software Supply Chain Planning 130

QAD

JULY 28, 2022

It encourages us to continue meeting with automotive industry experts about supply chain issues that resonate with so many listeners. She encourages supply chain leaders to review the 24 processes and evaluate their supply chains to identify any gaps and uncover potential solutions. Here’s a wrap-up of the latest episodes.

Agile and Lean Supply Chain 96

Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Software Supply Chain Optimization 96

o9 Solutions

JANUARY 25, 2023

There is a big push from industry experts, regulators, consumers, and companies to move towards supply chain models based on circularity. This blog explores how policy developments such as the digital product passport (DPP) alongside supply chain software can play a role as enablers. What is the digital product passport (DPP)?

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Modeling Software Predictive Analytics Software 52

Kinaxis

OCTOBER 3, 2016

There was agreement among many at the conference that pharma is a bit behind the high tech and automotive industries when it comes to supply chain efficiencies. To their credit, those same individuals acknowledged they were looking to other industries for best practices. 4 – Capability. 5 – Capacity.

Pharmaceutical 195

Pharmaceutical Supply Chain Planning Software Supply Chain Planning Supply Chain Software 195

BlueYonder

AUGUST 20, 2020

For businesses to remain competitive, and for the supply chain industry to continue serving as the vital cornerstone for businesses’ success, major progress inequality, equity, and ethics relating to people, processes and technology is going to be more than essential, it will be fundamental to future growth. A purpose-driven series .

Supply Chain Software 91

Supply Chain Software Agile and Lean Supply Chain Price Reduction Supply Chain Strategy 91

Bristlecone

MAY 7, 2020

SAP Ariba Guided Buying empowers employees to make their own purchasing decisions – while ensuring they follow your procurement guidelines and buy from your preferred suppliers. Bristlecone Industry-Specific Tactical Sourcing (BITS) is a prime example of how we amplify the value of SAP technologies.

SAP 52

SAP Purchasing Skills Procurement Solutions Sourcing 52

SupplyShift

APRIL 27, 2021

On April 21st, our webinar on forced labor in cotton supply chains brought together leaders from Responsible Sourcing Network and Fashion for Good to explore how industry-wide tools and supply chain engagement can help identify and mitigate risks of forced labor. . Need for Industry-Wide Collaboration.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chain Network Software Modeling Software 52

Saleswarp

DECEMBER 27, 2023

The unit types chosen in a warehouse management system depend on various factors, including the nature of the products, customer requirements, and regulatory guidelines. Some customers may prefer to purchase products in specific unit types, while others may have options to choose from multiple types.

Warehousing 40

Warehousing Manufacturing Procurement Inventory Management Software Sourcing Strategies 40

Precoro

JANUARY 16, 2023

Companies typically select supplementary software to help support this process. 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.

Procurement Solutions 98

Procurement Solutions Negotiating Skills Purchasing Skills Expense Reduction 98

Oracle SCM

SEPTEMBER 13, 2016

National Counterintelligence and Security Center (NCSC) recently announced its plans to help industry and government address supply chain risks. The NCSC also plans to eventually provide threat briefings to industry to help them safeguard their supply chains and acquisition processes, though no timeline has been announced.

Supply Chain Planning Software 110

Supply Chain Planning Software Supply Chain Planning Scenario Planning Agile and Lean Supply Chain 110

Talking Logistics

OCTOBER 29, 2013

You could answer them with a purchase order (P.O.) Diffuse resistance by inviting stakeholders from internal groups to become part of the solution as early as possible. Your stakeholders can: Align sourcing, purchasing, logistics, and I.T. Why is it late? When will it get here? Why didn’t the vendor let us know? gain equation.

Pricing Training 145

Pricing Training Purchasing Skills Purchasing Training Negotiating Skills 145

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

Vinculum

FEBRUARY 18, 2020

Technological advancements and breakthrough innovations are disrupting the industry substantially, bringing out substantial changes in the way most of the business functions are being carried out. Many businesses held the notion that SaaS WMS solutions might not be apt for execution-intensive business functions like warehouse management.

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Optimization Software Logistics Network Optimization Software 52

Precoro

JUNE 21, 2023

Around the world, governments and regulatory bodies have established guidelines for companies’ accounting departments to follow when it comes to bookkeeping. Let’s take a look at how following standardized guidelines can benefit companies and, specifically, their AP departments. What is GAAP?

Procurement Analytics 98

Procurement Analytics Expense Reduction Procurement Solutions Guidelines 98

SupplyShift

APRIL 27, 2021

On April 21st, our webinar on forced labor in cotton supply chains brought together leaders from Responsible Sourcing Network and Fashion for Good to explore how industry-wide tools and supply chain engagement can help identify and mitigate risks of forced labor. According to Patricia, YESS is based on OECD Due Diligence Guidelines.

Supply Chain Planning Software 40

Supply Chain Planning Software Supply Chain Software Supply Chain Network Software Modeling Software 40

Precoro

FEBRUARY 26, 2024

For procurement professionals, systemizing and optimizing cost centers is not just a matter of financial management; it's a strategic task for driving efficiency, controlling costs, and enhancing overall performance. This cost center is responsible for managing technology infrastructure, software systems, and support services.

Optimal Sourcing 105

Optimal Sourcing Cost Reduction Strategies Optimization Software Negotiating Skills 105