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

Supply Chain View from the Field

APRIL 1, 2015

Many people are talking about Key Performance Indicators, Metrics, Analytics, and other indicators of performance. The importance of selecting the right metrics or “measures” as I prefer to call them, is critical as we all know that metrics drive behaviors. Step 2 – Develop Metrics and Data Sources.

Cost Reduction Strategies 60

Cost Reduction Strategies Material Savings Inventory Reduction Resource Reduction 60

Precoro

SEPTEMBER 4, 2023

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 a significant financial metric for retailers and manufacturing companies involved in buying and managing inventories and selling them to customers.

Optimal Sourcing 59

Optimal Sourcing Negotiate Pricing Inventory Reduction Purchasing Skills 59

Unleashed

OCTOBER 30, 2023

Ecommerce consumers want fast, accurate deliveries and a transparent purchasing process. In this guide, we break down the WooCommerce order fulfilment process and how it works, with actionable tips for optimising your fulfilment strategy to bring costs down and boost productivity.

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Procurement Solutions Material Savings 52

BlueYonder

AUGUST 20, 2020

A global study by McKinsey found that organizations with more gender-diverse leadership teams were 21% more likely to outperform on profitability and 27% more likely to outperform on value creation. 1] “State of Process Mining and Robotic Process Automation 2020 global report” , ABBYY.com, May 2020. [2] A purpose-driven series .

Supply Chain Software 93

Supply Chain Software Agile and Lean Supply Chain Price Reduction Supply Chain Strategy 93

Supply Chain Game Changer

AUGUST 18, 2022

A Vendor, also called a supplier, is a person or company who purchases goods and services – from distributors or directly from manufacturers – and resells these items to other businesses or the final consumers. Every business depends on vendors to operate successfully. Importance Of Drafting A Vendor Agreement.

Vendor Strategies 93

Vendor Strategies Negotiate Pricing How To Negotiating Skills 93

Zipline Logistics

JANUARY 24, 2020

Delivering on-time and in-full is essential to success and a metric used by retailers when evaluating partnerships with vendors of all sizes. But first, let’s look at the background of OTIF metrics and why they came to be. If unable to find a product in store, consumers are quick to turn their attention online and purchase goods there.

Vendor Strategies 52

Vendor Strategies Cost Reduction Strategies Inventory Reduction How To 52

Claritum

MAY 2, 2019

Claritum Article - Procurement Blog. Key transactional areas of Procurement. Strategic focus areas of Procurement. If your procurement team is spending over half their time on transactional activity, what opportunities are they missing? 2 Key transactional areas of procurement. Purchase Order *. Delivery *.

Procurement Solutions 44

Procurement Solutions Procurement Analytics Optimal Sourcing Purchasing Skills 44

Enterra Insights

FEBRUARY 24, 2021

The ethical answer is to self-destruct; but, members of the public are unlikely to purchase a car with such programming, knowing that it could make them victims. Pierre DeBois ( @ZimanaAnalytics ), founder of Zimana Analytics, explains, “Central to any AI discussion is data. The first source is data bias.

Modeling Software 100

Modeling Software Analytics Software Optimization Software Guidelines 100

EcoVadis

MAY 21, 2014

For instance, according to the last available report published by Oxfam (2013), the collaboration with Unilever has been necessary because self-assessments and site visits performed by the focal firm were not always sensitive to social issues (e.g., European Commission, 2014; Global Reporting Initiative, 2013). An international study.

Sustainability 40

Sustainability Supply Chain Design Software Purchasing Training Supply Chain Design 40

Precoro

APRIL 24, 2023

Reduces maverick spending Maverick spending refers to off-contract purchases from non-preferred suppliers. It occurs when employees bypass the standard procurement process while making unauthorized purchases, and it often results in higher costs and reduced visibility into spending.

Supply Chain Design Software 52

Supply Chain Design Software Procurement Solutions Supply Chain Network Software Demand Planning Software 52

EcoVadis

JULY 17, 2015

Responsible supply chains have reached the top of G7 global leaders’ agenda who in June urged businesses to strive to reach compliance with global human rights standards such as the UN guiding principles on business and human rights and the OECD guidelines on multinationals. The OECD has just requested studies to be performed on these issues.

Supply Chain Planning Software 40

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain Strategy 40

Vinculum

JUNE 6, 2022

As per Google’s Omnichannel Reality report, shoppers who frequently purchase from multiple platforms give 30% customer value compared to others. The right analytics tool will help track the stuff in the right way to deliver the service to the customer at their doorstep without much delay.

Omnichannel 52

Omnichannel Modeling Software Retail Analytics Software 52

ivalua

JANUARY 12, 2023

As public procurement teams face increasing pressure to improve efficiency while upholding compliance and transparency, it’s essential that they have the right strategies in place. After all, how can you streamline procurement processes without sacrificing your standards? Processes and Compliance. Scalability. Data Insight Strategy.

Sourcing Strategies 130

Sourcing Strategies Resource Reduction Optimal Sourcing Cost Reduction Strategies 130

Unleashed

JULY 11, 2021

These certifications are voluntary guidelines and standards that address environmental, social, ethical, and food safety concerns. They must be values based with quantifiable guidelines and standards. Across Europe, EPDs are routinely factored into personal and corporate level purchasing and supply chain management decisions.

Sustainability 98

Sustainability Manufacturing Procurement New Zealand Waste Reduction 98

Cognira

SEPTEMBER 25, 2023

The rewards include repeat purchases, new loyalty program sign-ups, and heightened profitability—all by effectively leveraging your brand’s reputation. It involves exploring various metrics and dimensions to identify the demographics of your target customers. Timing: Timing is a powerful determinant of your success as a retailer.

Price Reduction 52

Price Reduction Retail Inventory Reduction Waste Reduction 52

Enterra Insights

DECEMBER 6, 2019

The problem is that there are no high-quality studies following a group of children who use such toys over a period of time that would lend credence to those claims.” You can read the Association’s report by clicking on this link. According to the report, a great STEM/STEAM toy has fourteen unifying characteristics.

Purchasing Skills 100

Purchasing Skills Education Manufacturing Procurement Guidelines 100

Arkieva

JANUARY 6, 2017

After a couple of quick questions about the product that she had purchased, it was obvious to me that the product itself had the right features. For anybody who wouldn’t know, Supply Chain is a complex domain because it studies the interactions in a complex and networked system. The guideline here should be the company strategy.

Inventory Reduction 84

Inventory Reduction Cost Reduction Strategies Material Savings Vendor Strategies 84

Unleashed

SEPTEMBER 28, 2021

Put simply, demand forecasting is when data is used to predict demand for a particular product and in what quantity – in other words, to forecast what you’ll need to purchase to minimise waste caused by either stocking out of a product or overstocking it. That data then goes to the company’s central inventory management system.

Inventory Management Software 98

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

6 River Systems

JANUARY 10, 2019

Keep in touch with cross-functional colleagues. “Whether you’re in procurement, supplier quality, production control or logistics, supply chain is only one ingredient in the pie of successfully bringing a product to market. Secondary and contingent supplier planning. Building and maintaining relationships in your supply chain.

Optimal Sourcing 61

Optimal Sourcing Negotiating Skills Negotiate Pricing Pricing Training 61

Elementum

DECEMBER 11, 2023

Whether it be in customer service, procurement, finance, or any other core business function, BPA has become a staple for businesses looking to optimize their operations and improve their overall performance. For instance, a company can employ BPM software to expand buy now, pay later purchase options, enhancing overall workflow.

Sourcing Strategies 78

Sourcing Strategies Optimization Software Analytics Software Predictive Analytics Software 78

Arena Solutions

MARCH 22, 2024

PLM, like any major purchase whether for personal or business, requires time invested. Misaligned Expectations Lack of alignment across the organization can result in ambiguous business outcomes, uncertain success metrics, fragmented project implementations, or resistance to change. 10 COMMON PLM ADOPTION MISTAKES 1.

Analytics Software 110

Analytics Software Modeling Software Sourcing Strategies Purchasing Training 110

6 River Systems

JUNE 10, 2019

“It sort of depends upon what we are purchasing from the supplier as to the approach we should take…” Commodity Strategic The first level, for components or typical commodity type products, we will at least want to perform a supplier evaluation of some sort. with a backup plan as part of contingency planning.

Sourcing Strategies 88

Sourcing Strategies Vendor Strategies Inventory Reduction Cost Reduction Strategies 88

Unleashed

SEPTEMBER 14, 2022

Platforms to look into include: A CRM system A marketing analytics platform A way to connect your sales and accounting systems to marketing You may not be able to make some of these investments straight away, which again is okay. Common digital advertising channels Search Ads: Here you essentially purchase search rankings.

Modeling Software 52

Modeling Software Analytics Software Supply Chain Network Software Demand Planning Software 52

GlobalTranz

MARCH 28, 2016

Google’s 2014 purchase of the British firm Deep Mind for something more than $ 400 million produced a bonanza of publicity earlier this year, when its game playing program whipped a human master of the ancient strategy game Go. We have adjusted to their presence very quickly, haven’t we? Will they make all of us obsolete someday?

Logistics Network Optimization Software 120

Logistics Network Optimization Software Optimization Software Inventory Management Software Modeling Software 120

Talking Logistics

DECEMBER 16, 2016

Other examples: The United States Postal Service (USPS) published a report in May titled Blockchain Technology: Possibilities for the U.S. Postal Service , with supply chain management as one of the focus areas; in October, as reported by Reuters, “IBM, U.S. Toyota temporarily shut two factories in the aftermath.

Predictive Analytics Software 50

Predictive Analytics Software Supply Chain Design Software Supply Chain Planning Software Logistics Network Optimization Software 50