crisp

JANUARY 24, 2024

Discover how Walmart’s Luminate Charter plan is revolutionizing retail data analytics with these five essential reports for suppliers. Imagine having a panoramic view of your product’s journey across all sales channels, understanding intricate customer purchase patterns, and the precise flow of inventory to every store.

Procurement Analytics 52

Procurement Analytics Inventory Reduction Report Price Reduction 52

SCMDOJO

SEPTEMBER 18, 2023

Whether you’re a seasoned procurement professional or just stepping into the world of sourcing and acquisitions, understanding the nuances of procurement synonyms can make all the difference. So, get ready to elevate your communication skills and gain a deeper understanding of the procurement domain.

Negotiating Skills 97

Negotiating Skills Manufacturing Procurement Optimal Sourcing Pricing Training 97

Precoro

JULY 8, 2022

One should keep in mind that every transaction has an additional hidden cost in labor and overheads, such as the time spent sourcing products, tracking deliveries, matching invoices, and overseeing suppliers. In the article, we look critically at the role of the purchasing manager and discuss how to determine the value of hiring one.

Purchasing Skills 98

Purchasing Skills Manufacturing Procurement Negotiating Skills Procurement Solutions 98

Precoro

APRIL 6, 2022

If you're reading this now, then you’ve probably noticed how outdated traditional procurement systems recede into the past and are replaced by new modern solutions. What is Cloud Procurement? These services include: Software; Analytics; Networking; Data storage; Servers and more. Three Categories of Cloud Procurement.

Procurement Solutions 98

Procurement Solutions Procurement Analytics Modeling Software Analytics Software 98

Precoro

DECEMBER 11, 2023

Strategic sourcing is a holistic approach to supply chain management that includes tactics for optimizing the total cost of ownership, improving supplier relationships, and ensuring long-term value creation. Goals beyond the best purchasing price fall into strategic sourcing.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

SCMDOJO

JULY 3, 2023

In today’s fast-paced and competitive business landscape, organizations across industries are realizing the immense value of effective procurement practices. Procurement professionals play a vital role in driving operational efficiency, cost savings, and strategic decision-making. But how do you get started? Do not worry!

Purchasing Training 78

Purchasing Training Negotiating Skills Buyer Training Manufacturing Procurement 78

SCMDOJO

JUNE 6, 2023

It helps reduce costs, increases efficiency, and can enhance customer satisfaction. Supply chain optimization can achieve this with the help of data analytics. Data analytics helps businesses make data-driven decisions and initiatives. How does data analytics help supply chain optimization? Why is it crucial?

Optimal Sourcing 72

Optimal Sourcing Modeling Supply Chain Optimization Analytics Software 72

Procurement Academy

OCTOBER 19, 2023

A crucial part of successful procurement strategies is the art and science of negotiation. Procurement negotiation refers to a buyer (usually from a company) and a seller (usually from a supplier) working together and discussing the likes of pricing, terms, conditions, and other aspects of a procurement contract.

Negotiating Skills 52

Negotiating Skills Pricing Training Negotiate Pricing Purchasing Training 52

My Office Apps

JANUARY 16, 2024

In this ultimate guide, we’ll show you how to elevate your business operations, from procurement and logistics to manufacturing and more, ensuring a path to operational excellence and strategic success. Operational Excellence with Cloud-Based ERP Procurement Management Efficiently manage your procurement processes with ERP.

Optimal Sourcing 86

Optimal Sourcing Eliminating Excel in Purchasing Manufacturing Procurement Procurement Analytics 86

Supply Chain Shaman

JANUARY 31, 2022

Companies that viewed the pandemic as another risk management event will struggle the most with Q1 and Q2 earnings reports. Companies that viewed the pandemic as another risk management event will struggle the most with Q1 and Q2 earnings reports. Focus on Cost. The US GDP in 2021 grew at an unexpected rate of 5.7%

Procurement Analytics 217

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies 217

Enterra Insights

NOVEMBER 4, 2020

Even before the coronavirus pandemic closed physical stores and forced consumers online, they were journeying on the digital path to purchase in increasing numbers. ”[1] As a result of increased digital-path-to-purchase activity, online marketplaces have flourished. . Staying Current Using Real-time Analytics.

Procurement Analytics 100

Procurement Analytics Purchasing Skills Procurement Solutions Analytics Software 100

GlobalTranz

APRIL 25, 2016

The average Supply Chain management professional measures their Supply Chain by reviewing cost reduction. Is cost reduction all that there is in measuring Supply Chain performance? 3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. Isn’t time important? We just can’t forget cost reduction.

Procurement Analytics 120

Procurement Analytics Supply Chain Performance Metrics Supply Chain Software 120

Supply Chain Shaman

FEBRUARY 14, 2022

I wrote my first report on Sales and Operations Planning (S&OP) while sitting on the floor in the Atlanta airport in 2005 when I was an AMR Research analyst. I wrote many reports on airport floors in those days–electrical plugs were just too scarce.) Sales and Operations Maturity Model from 2005-2008.

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

OptiProERP

MAY 18, 2023

So what is procurement? Procurement is acquiring goods, services, or works from an external source. Procurement can be done by a government agency, a private organization, or an individual, and it can involve purchasing anything from pencils to complex machinery. What Are the Types of Procurement?

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Negotiate Pricing Procurement Solutions 52

SupplyOn

APRIL 23, 2020

SupplyOn Analytics links internal and external information – thus ensuring visibility and a robust, crisis-proof supply chain Planning, purchasing, logistics and transport management are traditionally separate processes, typically located in different departments. This is why many companies have set up Industry 4.0

Just-in-Time 40

Just-in-Time Procurement Analytics Predictive Analytics Analytics Software 40

QAD

JUNE 25, 2019

Stockouts affect customer satisfaction and revenue, and the frequent need to expedite orders adds to costs and highlights problems lurking in the system. Inventory effectiveness measures the process that delivers the right part to the right place at the right time, while minimizing investment and meeting customer requirements.

Procurement Analytics 105

Procurement Analytics Metrics Inventory Reduction Inventory 105

Supply Chain Shaman

FEBRUARY 7, 2022

Companies that viewed the pandemic as another risk management event will struggle the most with Q1 and Q2 earnings reports. Companies that viewed the pandemic as another risk management event will struggle the most with Q1 and Q2 earnings reports. Focus on Cost. The US GDP in 2021 grew at an unexpected rate of 5.7%

Procurement Analytics 195

Procurement Analytics Manufacturing Procurement Sourcing Strategies Optimal Sourcing 195

Logistics Viewpoints

NOVEMBER 6, 2023

Suppliers are facing increasing pressure from the buyers of their goods and services to report their environmental, social, and governance data. Increasingly, companies will take sustainability criteria into account in their purchasing decisions. The data, which is reported on the EcoVadis platform, highlights the supplier’s emissions.

Resource Reduction 223

Resource Reduction Material Savings Supply Chain Planning Software Procurement Analytics 223

Supply Chain Shaman

NOVEMBER 11, 2020

They are impatient that they know more about pizza’s status for lunch before their zoom meeting than the inbound shipment status for their critical manufacturing run. Job satisfaction wanes as the days filled with an endless cycle of meetings, with many not useful. Reflection. The supply chain career is new. Evolution is messy.

Supply Chain Design Software 297

Supply Chain Design Software Procurement Solutions Manufacturing Procurement Supply Chain Planning Software 297

Precoro

MARCH 31, 2023

March 21 was the second annual iteration of World Sustainable Procurement Day , an online event organized by the Sustainable Procurement Pledge team, SPP Chapters, SPP Champions, and partners to raise awareness about the importance of ethical procurement and to share the best sustainability practices with organizations worldwide.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Manufacturing Procurement Procurement Solutions 52

ivalua

DECEMBER 14, 2020

The pandemic wreaked havoc on businesses and their supply chains, but even in these trying times, there’s a silver lining. What we learned about agility and resilience can be applied to future-proof the source-to-pay (S2P) process and help organizations meet any new challenge with confidence. But cost reduction is no longer sufficient.

Procurement Solutions 130

Procurement Solutions Optimal Sourcing Manufacturing Procurement Optimization Software 130

ivalua

NOVEMBER 26, 2019

In my previous posts, I looked at how to successfully launch a digital transformation and progress to best-in-class Procurement. Most leaders seem to track their progress with metrics such as percent of spend managed and digitization levels, defining best-in-class as being the top quartile or similar high percentage.

Optimal Sourcing 130

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 130

Logistics Viewpoints

OCTOBER 19, 2023

Months went by, but we were in the thick of the pandemic, with global supply chains under immense pressure, so I just assumed materials shortages were to blame. As supply chains have grown in complexity and length, siloed thinking and processes are no longer able to meet this objective. I should have known better.

Supply Chain Planning Software 225

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Planning 225

GlobalTranz

SEPTEMBER 23, 2021

Fewer labor resources are available to meet the rising demand in both the warehouse and in transit. ? Such congestion naturally leads to bottlenecks in planning drayage and eventual increases in the total cost of shipping, not to mention an added strain on trucking as the bottlenecks grow.? . Capacity Constraints Continue to Arise.

Prescriptive Analytics Software 308

Prescriptive Analytics Software Optimal Sourcing Pricing Training Negotiating Skills 308

Eyvo

SEPTEMBER 28, 2021

Managing procurement processes and supply chains can be strenuous for many organizations. Resilient supply chains and efficient eProcurement software are what make the recent trends in procurement complete. Companies with intelligent and smooth procurement software were able to battle the storm and stand strong.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Analytics Software Supply Chain Software 52

ShipBob

FEBRUARY 3, 2023

As a retailer, so much of your time and energy goes into managing your inventory , streamlining your logistics, building partnerships, and curating the customer experience. By monitoring particular metrics over time across your online sales, in-store sales, and operations, you’ll gain quantitative insights into your business performance.

Procurement Analytics 52

Procurement Analytics Metrics Retail Inventory Reduction 52

Precoro

SEPTEMBER 6, 2021

This month, we continue our Procurement Basics series and would like to introduce our readers to yet another set of often misused business terminology. As both sourcing and procurement are related to obtaining supplies for the organization, confusing these two terms is easy. Procurement. What Is Procurement Process?

Optimal Sourcing 97

Optimal Sourcing Manufacturing Procurement Purchasing Skills Procurement Solutions 97

Unleashed

MARCH 16, 2021

Having grown sufficiently, you may find your SME business now has the need for a dedicated purchasing manager – and perhaps even a purchasing department. So if you’re a business owner who is wondering how to run a purchasing department, then check out our practical guide below. Goals of purchasing.

Purchasing Skills 59

Purchasing Skills Manufacturing Procurement Procurement Solutions Procurement Analytics 59

Unleashed

DECEMBER 15, 2021

Here explain what DSI is, how to use it, and why it’s crucial to track this metric in your business – whether you’re a retailer, manufacturer, wholesaler or distributor. Days Sales of Inventory is a calculation to work out the average period of time (in days) that it takes for a business to sell its products or inventory.

Procurement Analytics 98

Procurement Analytics Inventory Reduction Metrics Inventory 98

BlueYonder

DECEMBER 18, 2023

The report is aimed at “provide[ing] an entry point in a company’s due diligence in looking for the application or suite of solutions that best suit their specific needs as they move toward this goal.” The IDC MarketScape report on Order Orchestration and Fulfillment evaluates 14 software vendors in this area.

Optimal Sourcing 94

Optimal Sourcing Procurement Analytics Supply Chain Planning Software Predictive Analytics Software 94

Enterra Insights

AUGUST 24, 2020

Daphne Howland ( @daphnehowland ) reports, “As stores were forced to close, digital sales were expected to take over. ”[1] As a result of increased ecommerce, the digital path to purchase has become a high street for retail sales. They’ve soared, but serious constraints are also now on display.”[1]

Procurement Analytics 100

Procurement Analytics Procurement Solutions Purchasing Skills Supply Chain Design Software 100

Supply Chain Game Changer

MARCH 28, 2020

The Procurement, or Purchasing, function is considered by many to be a necessary but non-strategic part of any organization. But there is a profoundly significant Procurement value chain. Procurement is strategic! Now is the time for Procurement to SELL! Could the CPO Be Replaced by the Chief Value Officer?

Procurement Analytics 71

Procurement Analytics Procurement Solutions Pricing Training Negotiating Skills 71

ivalua

APRIL 5, 2019

In my last two articles ( here and here ) I’ve been talking about the need for Procurement to think about how we can move beyond our historical transactional role and embrace approaches to help drive competitive advantage and real value for our organisations. It’s not just the cars themselves either.

Procurement Solutions 100

Procurement Solutions Procurement Analytics Optimal Sourcing Procurement 100

crisp

DECEMBER 15, 2021

It’s an incredibly exciting time to work in the supply chain. One of the big catalysts for change right now is the acceleration of data and analytics in supply chain management. A recent survey of procurement leaders showed a 15-20% increase in ROI when using data and analytics to make decisions. Step 1: Set the strategy.

Procurement Analytics 98

Procurement Analytics Supply Chain Planning Software Manufacturing Procurement Material Savings 98

Jaggaer

MARCH 18, 2020

His insights are numerous, and can all be heard in his full podcast episode, but among them is his main focus in 2020, the opportunity presented by agile procurement. Bartolini’s view of modern procurement is one of an industry at a crossroads. But for top CPOs , this demand is becoming harder and harder to meet.

Procurement Analytics 81

Procurement Analytics Agile and Lean Supply Chain Procurement Solutions Procurement 81

ivalua

JULY 13, 2022

Procurement Leaders Webinar. With mounting pressure for organizations to make tangible contributions to Environmental, Social, and Governance (ESG) initiatives, the procurement function must strategize to implement and report their collective efforts. Speakers: Arnaud Malardé, Ivalua | Hélène Vermont, Michelin Group.

Procurement Solutions 130

Procurement Solutions Supply Chain Planning Software Optimization Software Optimal Sourcing 130

Material Handling & Logistics

OCTOBER 30, 2018

With the digitization of the source-to-pay process being a key initiative for many chief procurement officers, to the inherent automation which promises to accelerate innovations such as artificial intelligence (AI), digitization is growing. However, it is fundamental to empowering procurement success in the modern age.

Optimal Sourcing 110

Optimal Sourcing Procurement Solutions Procurement Analytics Procurement 110