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Top 5 KPIs for Purchasing Managers

Precoro

The purchasing department plays a critical role in the success of an organization. Thought-out practices and well-managed workflows within the purchasing department are crucial for making sure that the company has the necessary resources available at the right time and at a reasonable cost.

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6 challenges facing medical device manufacturers and how ERP analytics can provide a cure

SYSPRO Smarter ERP

Food and Drug Administration (FDA) and other governmental entities necessitates continuous reporting on product traceability and adherence to exacting standards. The following are six key challenges faced by medical device manufacturers and how ERP analytics can transform operations—from regulatory compliance to supply chain optimization.

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Types of Procurement Reports: Definition & Benefits

SCMDOJO

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.

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Five Foolproof Ways to Shorten the Cash Conversion Cycle

Precoro

The cash conversion cycle (CCC), also called the net operating cycle, is a metric used to measure the efficiency of a company's cash management and liquidity. The cash conversion cycle is represented as a period of time that indicates how long it takes a business to turn its investments in inventory into money from customers.

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WooCommerce Order Fulfilment: A Guide for Merchants

Unleashed

Ecommerce consumers want fast, accurate deliveries and a transparent purchasing process. When it comes to customer service, how you manage your WooCommerce order fulfilment plays a vital role in meeting customer expectations. Procurement is the process of sourcing the suppliers and service providers that enable you to sell products.

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The Importance of Visibility In the Supply Chain

Precoro

On the other hand, a software development company wouldn’t need to purchase raw materials but rather goods – such as hardware – and services, like software subscriptions. In order to plan inventory and estimate cash flow, companies should know when to expect shipments to arrive, when to pre-order the next one, and how to budget the payments.

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The Beginner's Guide to Inventory Control and Management

Supply Chain Opz

It makes decisions for policies, activities and procedures to make sure the right amount of each item is held in stock at any time.” - from Inventory Control and Management by Donald Waters According to the same author, inventory control is the function and it's also known as Inventory Management or Stock Control.