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The introduction of E-Procurement.

ModusLink Corporation

According to (Namulo, 2017), “E-Procurement is the acquisition of goods, services or works from an external source. E-procurement, which is known as ‘electronic procurement’ or ‘supplier exchange’, is changing the way companies are sourcing their goods and services. Namulo, 2017). & (Dec 2015). Tehran, Iran: IEEE. 2020, July 01).

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9 Critical ERP Features for Discrete Manufacturers

OptiProERP

If there are any problems, it can track the source of defective items by machine and worker. Manufacturers in medical device or defense industries, have to meet stricter standards and quality becomes even more critical. Since ERP provides data in real-time it is easy to make knowledge-based decisions in any area of business.

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Best Practices for ERP Implementation: 8 Tips for a Successful Rollout

Precoro

An ERP system may help you optimize procurement processes in different ways, e.g., automate payments, improve sourcing and supplier relationship management, and will give you insights into inventory and business expenditures, which are beneficial for future purchase planning. Conducting risk assessments and preparing for contingencies.

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How to Get Your Purchasing Group Out of Chaos Mode

EC Sourcing Group

Driving efficiency in sourcing and supplier management are common goals in purchasing and procurement. Reports can be configured with multiple views that meet each stakeholders’ preferences in minutes. How many days does it take to generate award scenarios that are based on multiple constraints? I love automated reminders.

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RFP Due Dates Are Closer Than They Appear

EC Sourcing Group

Have you been put in an embarrassing position because you couldn’t meet the timetable of senior management or your supervisor? How will you build your case once you do find a platform that appears to meet your key needs? Supplier vetting is streamlined by automatic requests and reminders based on a predetermined timetable.

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Procurement Analysis: a Game Changer for Purchasing Strategically

Precoro

Procurement analytics, built on unbiased data, is often perceived as a single source of truth. The first step of the analysis process is to extract the necessary data from all possible sources and consolidate it in one central database. Start with putting together a list of sources – internal and external.

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Cognitive Systems Gaining Ground

Enterra Insights

. “The digital universe — comprising all data created and stored — is doubling in size every 12 months, and will likely grow more rapidly as new signals from the internet of things (IoT), dark analytics, and other sources proliferate. Faster distributed systems.