article thumbnail

Procurement Analysis: a Game Changer for Purchasing Strategically

Precoro

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. How often do purchases happen?

article thumbnail

The introduction of E-Procurement.

ModusLink Corporation

The introduction of E-Procurement: Price and availability are not the only factors to be considered in a purchasing decision, especially now that a strong supply chain has become an unmissable element for every company in today’s business climate (Namulo, 2017).

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Data and Digitization in Manufacturing

Enterra Insights

Manufacturing has been the lifeblood of the global economy for hundreds of years. Because manufacturers have historically moved factories to regions featuring cheap labor and few regulatory restrictions (sometimes referred to as outsourcing or offshoring), a misconception has arisen about the importance manufacturing to national economies.

article thumbnail

Research, Trends & Insights: Digital Imperative for Life Sciences

QAD

Matlis to collectively share the latest research, trends, and insights around digital technology adoption in the life sciences industry. Adoption of Digital Technologies in Life Science Manufacturing. We were manufacturing for a particular region, we were vertically integrated. An Interview with Axendia’s Daniel R.

article thumbnail

Industry 4.0 Success Depends on Cognitive Technologies

Enterra Insights

Like other economic sectors affected by the COVID-19 pandemic, the manufacturing sector has had to reevaluate past business strategies to ensure they remain on track to survive and thrive in the post-pandemic environment. “Talk of Artificial Intelligence in manufacturing,” he writes, “has been around for years.

article thumbnail

How Much Do ERP Systems Cost?

QAD

An Enterprise Resource Planning (ERP) system is a software solution used by businesses to plan and manage daily operations, like supply chain, manufacturing, services, financials and other programs or processes. The greatest benefit to ERP systems is having one reliable source of truth for your company. What is an ERP System? .

article thumbnail

11 Tips to Take Your Supply Chain Career to the Next Level

SCMDOJO

Periodically reassess and adapt your goals based on evolving interests and industry trends, ensuring flexibility in seizing unexpected opportunities. Read about the latest industry trends, advancements, and best practices in supply chain management. Actively Read and Learn Keep learning actively!