Precoro

MAY 22, 2023

This process, known as IT procurement, requires comprehensive steps with clear objectives and vendor selection criteria to ensure that technology investments align with business goals and yield a return on investment (ROI). This article encompasses the best practices for planning and executing successful IT procurement strategies.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Pricing Training Purchasing Skills 52

Proxima

AUGUST 9, 2023

Public Sector Procurement is complex and must look at aspects beyond price and quality when awarding contracts. Below we outline some of our key learnings and how we’ve seen social value being effectively embedded into public sector procurement processes. You need an effective engagement strategy from the start.

Procurement 52

Procurement Resource Reduction Supply Chain Design Software How To 52

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

Logistics Viewpoints

AUGUST 15, 2022

GEP and the North Carolina State University (NCSU) Supply Chain Resource Cooperative surveyed supply chain, procurement and IT professionals across a range of industries to gain insight into their priorities and strategies regarding supply chain resilience and optimization. Alex Zhong, Director Product Marketing at GEP.

Supply Chain Network Software 218

Supply Chain Network Software Manufacturing Procurement Procurement Analytics Optimal Sourcing 218

SCMDOJO

MARCH 19, 2024

While Its primary purpose is to manage the entire process, from procurement to delivery, efficiently and cost-effectively, it also coordinates with production to automate processes and planning, etc. Watch What is Marketing Procurement? Analyze performance metrics and implement improvements to enhance efficiency.

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

Unleashed

MARCH 21, 2021

The procure to pay process is complex and far more than simply making a phone call, or sending a few emails to arrange the purchase of goods. Strategically approaching the procure to pay process can see your company reap the rewards. In this guide, we’ll cover: What is the procure to pay process. Measuring and reporting.

Procurement Analytics 59

Procurement Analytics Procurement Solutions Manufacturing Procurement Optimal Sourcing 59

Precoro

JULY 16, 2023

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. The purchasing department plays a critical role in the success of an organization.

Pricing Training 98

Pricing Training Purchasing Skills Procurement Analytics Purchasing Training 98

NC State SCRC

JULY 27, 2021

I recently spoke at the National Contract Management Association on the subject of human capital in supply chains , and the need for building leadership skills in our procurement and supply chain professionals. ” The study finds that that successful companies: link performance metrics to broader strategic goals.

Negotiating Skills 52

Negotiating Skills Optimal Sourcing Procurement Negotiate Pricing 52

Elementum

FEBRUARY 7, 2024

Gone are the days of tedious, manual processes; today, AI-powered solutions are streamlining operations, enabling businesses to focus their human resources on strategic initiatives rather than routine tasks. Businesses gain agility and can focus human resources on strategic work.

Sourcing Strategies 78

Sourcing Strategies Supply Chain Software Optimal Sourcing Predictive Analytics Software 78

Silvon Software

JUNE 1, 2023

Ideally, your S&OP KPIs should consist of a mix of strategic, tactical, and operational metrics. At times, finding the right metrics can feel incredibly challenging, and there might be a tendency to measure things for the sake of measurement. The KPIs here highlight procurement, production, logistics, and customer fulfillment.

S&OP 93

S&OP Supply and Demand Optimal Sourcing Supply Chain Planning Software 93

NC State SCRC

NOVEMBER 2, 2023

Lessons Learned from a Career in Procurement As part of our weekly Supply Chain Leadership, I interviewed Howard Richman, who I am co-authoring a new book with (“Procurement Confidential”). He observed how private corporations have the highest impact on how resources are used and decided to get an MBA in finance.

Procurement Analytics 52

Procurement Analytics Negotiating Skills Manufacturing Procurement Optimal Sourcing 52

Precoro

DECEMBER 11, 2023

As part of the larger procurement process, sourcing involves finding and evaluating suppliers for goods or services that need to be purchased. Strategic sourcing involves the meticulous evaluation of suppliers and the overall procurement process to extract maximum value from both. Create a purchasing process.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

SCMDOJO

FEBRUARY 29, 2024

The biggest challenge is that simply offering metrics, even those that appear to be the “right” metrics, usually doesn’t produce any results. The questions that are most often asked are: What metrics should I use? What metrics do others (in my industry) use? Where do I begin?

Vendor Strategies 55

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 55

Supply Chain Game Changer

NOVEMBER 3, 2022

Supply chain management is an important aspect of every business because it ensures your business gets the supplies, resources, and materials it needs to fulfill services or deliver products to customers. Procurement Management. Thoughts on Future Challenges and the Strategic Direction of Supply Chain! Supplier Relationship Management.

Supply Chain Planning Software 115

Supply Chain Planning Software Supply Chain Software Negotiate Pricing Negotiating Skills 115

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. However, he finds hope in how procurement has adjusted in the recent past.

Procurement Analytics 81

Procurement Analytics Agile and Lean Supply Chain Procurement Solutions Procurement 81

The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Breaking Boundaries: Exploring Generative AI’s Impact on Supply Chains Supply chains encompass many interconnected activities, from procurement, production, and inventory management, to logistics and distribution. These activities involve numerous stakeholders, such as suppliers, manufacturers, distributors, and retailers.

Optimal Sourcing 244

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Modeling 244

Procurement Academy

MARCH 14, 2024

This alignment will help to allocate any remaining resources to top-level initiatives. Additionally, explore partnerships or collaborations with external training providers to leverage their expertise and access a broader range of learning resources.

Buyer Training 96

Buyer Training Material Savings Resource Reduction Price Mitigation Strategies 96

Supply Chain Shaman

FEBRUARY 1, 2024

Optimization engines to improve functional metric performance resulted in an exploding number of planners. The more integration points of Advanced Planning System (APS) to Enterprise Resource Planning (ERP), the larger the bullwhip impact. Current approaches result in black hole automation and bullwhip amplification.

Supply Chain Planning Software 330

Supply Chain Planning Software Optimal Sourcing Manufacturing Procurement Waste Reduction 330

OptiProERP

APRIL 9, 2024

This stage involves scheduling resources, allocating the workforce, and coordinating tasks to fulfill the order efficiently. Collaboration between production, procurement, and logistics teams is essential to optimize resource utilization and minimize lead times.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Inventory Management Software 52

ivalua

MARCH 24, 2021

The role that procurement plays in manufacturing organizations is a difficult one. Procurement needs digitization at its core to enable automation, efficiency, and innovation within the supply chain. ERP systems can handle only basic transactional procurement needs. Digitization Benefit #1: Inter-Enterprise Collaboration .

Manufacturing Procurement 130

Manufacturing Procurement Supply Chain Design Software Supply Chain Software Optimal Sourcing 130

GlobalTranz

OCTOBER 6, 2021

In fact, a recent study , in partnership with Edelman Data & Intelligence, found a broad increased level of confidence from supply chain leaders despite peak season disruptions among those that have successfully implemented data-driven, third-party resources to manage heightened activity levels.

Prescriptive Analytics Software 216

Prescriptive Analytics Software Analytics Software Optimal Sourcing Supply Chain Network Software 216

ivalua

JUNE 2, 2016

Niul Burton wrote a great article in Industry Week titled “Procurement 2025: 10 Challenges that Will Transform Global Sourcing”. For those of you who are executives in Supply Chain, Procurement or New Product Introduction/Development, this is a must read. We are not your father’s traditional Procure-to-Pay solution.

Manufacturing Procurement 100

Manufacturing Procurement Procurement Supply Chain Planning Software Predictive Analytics Software 100

Enterra Insights

JULY 18, 2023

Colin Strong , [formerly] of the World Resources Institute (WRI), an NGO, says that though the private sector is trying to use water more efficiently, scarcity will be exacerbated by climate change, population growth and the greater water use that comes with growing prosperity. .” Identify locally led innovations.

Resource Reduction 130

Resource Reduction Industrial Industry Waste Reduction 130

ModusLink Corporation

SEPTEMBER 7, 2023

Beyond physical control, inventory management provides essential data and insights that enable informed decision-making in areas such as procurement and stock replenishment. Continuous Improvement and Performance Metrics: Large tech companies benefit from continuous improvement initiatives driven by performance metrics.

Inventory Management Software 78

Inventory Management Software Inventory Reduction Optimal Sourcing Inventory Management 78

ModusLink Corporation

SEPTEMBER 7, 2023

Beyond physical control, inventory management provides essential data and insights that enable informed decision-making in areas such as procurement and stock replenishment. Continuous Improvement and Performance Metrics: Large tech companies benefit from continuous improvement initiatives driven by performance metrics.

Inventory Management Software 78

Inventory Management Software Inventory Reduction Optimal Sourcing Inventory Management 78

ModusLink Corporation

SEPTEMBER 7, 2023

Beyond physical control, inventory management provides essential data and insights that enable informed decision-making in areas such as procurement and stock replenishment. Continuous Improvement and Performance Metrics: Large tech companies benefit from continuous improvement initiatives driven by performance metrics.

Inventory Management Software 78

Inventory Management Software Inventory Reduction Optimal Sourcing Inventory Management 78

GlobalTranz

SEPTEMBER 23, 2021

The added strain on resources is on track to force high freight volumes to continue well into the next year. Fewer labor resources are available to meet the rising demand in both the warehouse and in transit. ? A Possible Stimulus on the Horizon May Increase the Challenge of Procurement Through Peak Season. Focusing on the?

Prescriptive Analytics Software 308

Prescriptive Analytics Software Optimal Sourcing Pricing Training Negotiating Skills 308

Supply Chain Game Changer

JANUARY 30, 2019

Procurement bridges the gap between product, internal stakeholders and customers. In order to support the weight of internal and external expectations, Procurement teams must be prepared to perform as a key value adder within an organization. Developing KPIs is crucial, and individual, to the infrastructure of your Procurement team.

Procurement Analytics 56

Procurement Analytics Optimal Sourcing Procurement Negotiating Skills 56

SCMDOJO

DECEMBER 11, 2023

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.

Procurement Analytics 16

Procurement Analytics Optimal Sourcing Procurement Solutions Material Savings 16

Elementum

AUGUST 31, 2022

The supply chain management process is comprised of a number of steps, which can usually be organized into five categories: Planning and forecasting Sourcing and procurement Manufacturing Logistics Handling returns As demonstrated by the recent food supply chain issues , a failure in one area can lead to disaster.

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Design Software Manufacturing Procurement Supply Chain Planning 78

Logility

AUGUST 4, 2023

Apart from the supply chain, operations, procurement and IT teams, also consider sales operations, finance and more. Commit your brightest resource(s) to lead the project This one is simple: dedicate your best and your brightest to run a project of this magnitude.

Supply Chain Planning Software 208

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Vendor Strategies 208

Logistics Viewpoints

JUNE 1, 2021

Promotion Management is defined as optimizing the utilization of tools, strategies, and resources to promote a product that will generate additional demand. Promotion-sensitive demand forecasts at the granular level are then used to adjust inventory targets and drive additional replenishment and procurement decisions.

Inventory Management Software 185

Inventory Management Software Supply Chain Planning Software Inventory Management Optimal Sourcing 185

Taulia

JULY 21, 2022

The supply chain activities involved in the procurement process , from sourcing the right suppliers to taking delivery of materials and products, are vital to the overall health of any business. Metric: The number of orders containing defective products divided by the total number of orders placed. The importance of supplier KPIs.

Negotiate Pricing 75

Negotiate Pricing Supplier Management Optimal Sourcing Procurement Analytics 75

Unleashed

APRIL 21, 2024

4 key order processing methods There are numerous approaches to order processing – the right method will depend on your specific business objectives and resources. Purchase order processing Purchase order processing is a component of procurement that ensures that goods or services are acquired efficiently and effectively.

Inventory Management Software 52

Inventory Management Software Analytics Software Supply Chain Design Software Demand Planning Software 52

Silvon Software

APRIL 18, 2023

While clearly important in today’s constantly changing business environment, so many companies continue to struggle with how to measure and improve their performance – grappling with questions like: Which metrics really matter? Can we get the right resources needed to collect data for analysis before it’s too old?

Inventory Reduction 63

Inventory Reduction Sourcing Strategies Resource Reduction Material Savings 63

EcoVadis

SEPTEMBER 12, 2019

Executive commitment to sustainable procurement is at an all-time high, but several roadblocks continue to impact organizational ROI. Internal resources (42 percent). Nearly half of procurement organizations (45 percent) indicated they only have visibility into tier-1 suppliers. Program costs (38 percent).

Optimal Sourcing 40

Optimal Sourcing Sustainability Procurement Supply Chain Planning Software 40

Logistics Bureau

APRIL 4, 2022

In reality, few freight and shipping teams have the time, resources, and clout to extract information from their peers about freight costs, let alone from competitors. Alternatively, you can procure access to a digital freight benchmarking platform. The Pros and Cons of Procuring a Benchmarking Tool.

Benchmarking 68

Benchmarking Negotiating Skills Logistics Network Optimization Software Purchasing Skills 68