Precoro

JULY 29, 2024

Procurement operations are no exception. In fact, 43% of GPOs that took part in the 2023 Global Chief Procurement Officer Survey cited overall procurement risk had increased significantly as compared to 20% in the 2021 study. Keep reading to learn: What is an online procurement system? Let’s break them down.

Procurement Solutions 105

Procurement Solutions Supply Chain Design Software Supply Chain Planning Software Inventory Management Software 105

AIMMS

NOVEMBER 12, 2019

Supply chain software is changing. So should the purchasing process. . RFIs tend to work well for certain industries (like government) or for purchasing equipment and industrial assets, bu t t hey often fall short in helping supply chain teams select a new software vendor. Why RFIs Fall Short .

Procurement Solutions 252

Procurement Solutions Supply Chain Planning Software Modeling Software Supply Chain Software 252

SCMDOJO

MARCH 24, 2025

Introduction Gardner, (1954) and Huntzinger, (2007) define Purchase price variance (PPV) as a metric used to measure the effectiveness of cost-saving efforts by calculating the difference between the planned cost (standard pricing) allocated for purchasing activities and the actual cost incurred.

Purchasing Skills 56

Purchasing Skills Negotiating Skills Negotiate Pricing Procurement Analytics 56

Jaggaer

APRIL 24, 2025

Supply chain management typically does not fit very well with procurement, which is a challenge at the best of times, and can be a disaster in difficult times. It is now a matter of planning the procurement system and the supply management system outside-in and then look at the true demand to minimize the latency.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Procurement Analytics Demand Planning Software 52

ivalua

JANUARY 31, 2023

Ivalua’s new Environmental Impact Center empowers Procurement and Supply Chain teams with reliable and actionable insight to reduce Scope 3 Greenhouse Gas (GHG) emissions. This data is accessible across Ivalua’s Source-to-Pay solution to facilitate more sustainable procurement decisions within daily operations.

Procurement Solutions 246

Procurement Solutions Supply Chain Planning Software Procurement Analytics Optimal Sourcing 246

ToolsGroup

AUGUST 1, 2022

Retail returns occur when a customer returns the purchased items to a seller in exchange for a refund, store credit, or a similar product. 84% of buyers read the return policy before making an online purchase. 84% of buyers read the return policy before making an online purchase.

Retail 296

Retail Optimal Sourcing Purchasing Skills Procurement Solutions 296

Precoro

FEBRUARY 26, 2025

Within this setup, an ERP procurement module helps companies make purchases and manage suppliers. Numbers speak louder: According to Procurement Tactics’ top procurement trends in 2025 , 83% of CPOs prioritize digitization.   Keep reading to learn: What Is ERP in Procurement?

Procurement Solutions 45

Procurement Solutions Optimal Sourcing Procurement Analytics Manufacturing Procurement 45

Logistics Viewpoints

APRIL 24, 2023

This technology allows businesses to unify their procurement, expense management, invoicing, payments, contract management, and spend analysis processes and reporting. Coupa also offers a robust, market share leading, supply chain design solution. The supply chain design solution, for example, continues to grow in depth and usability.

Supply Chain Design Software 278

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Optimization Software 278

BlueYonder

OCTOBER 14, 2024

” The scheme organizer and his staff encouraged co-conspirators to purchase items from retailers and then impersonated the purchasers to secure refunds while allowing the original buyers to keep the merchandise for a cut of the return fees. Attorney’s Office, one example is a scheme called “Simple Refunds.”

Retail 112

Retail Cost Reduction Strategies Expense Reduction Procurement Solutions 112

Precoro

JULY 1, 2024

Small companies may also lack the resources to create a dedicated procurement team for proper sourcing and supplier vetting. Group purchasing organizations can be the perfect way for these companies to increase cost savings. Learn how they work, their benefits and limitations, and how they fit in with procurement software.

Purchasing Skills 105

Purchasing Skills Procurement Solutions Procurement Analytics Negotiate Pricing 105

Logistics Viewpoints

APRIL 25, 2022

To comply, companies will need clear policies and be able to prove to regulators that they have robust digital processes to enforce and measure the effectiveness of these policies. Before going to the very well attended Coupa Inspire user conference, I was not exactly sure what a business spend management solution was.

Supply Chain Software 279

Supply Chain Software Supply Chain Strategy Procurement Solutions Supply Chain 279

Jaggaer

APRIL 16, 2025

How Intake and Orchestration AI Are Reshaping Procurement If youve been paying attention to technology developments in procurement, youve probably come across the term Intake & Orchestration. These could be service requests, inquiries, demand planning, or purchase needs. So, whats it all about? And why should you take note?

Procurement Solutions 52

Procurement Solutions Procurement Analytics Optimal Sourcing Modeling Software 52

Precoro

MARCH 31, 2025

Think back to the last time your business hit a procurement roadblock. Perhaps it was a mixed-up purchase order or an inaccurate sales order—pricey yet worthwhile lessons. In this guide, we walk you through basic procurement concepts (e.g., What Is a Purchase Order? Purchase Order Function Together?

Procurement Solutions 45

Procurement Solutions Purchasing Skills Optimal Sourcing Price Reduction 45

Jaggaer

MAY 8, 2025

I am a big believer in procurement getting involved as early as possible in new product development based on all the market knowledge available. The worst-case scenario is product engineering developing a new product, selecting a supplier and then telling procurement to get on with negotiation. How often do your purchase orders change?

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Procurement Analytics Procurement Solutions 52

Logility

DECEMBER 15, 2023

From harvest to hands, the food & beverage (F&B) industry leaves no room for guesswork, especially without supply chain optimization software. Then, F&B businesses can transform diverse information from sales, production, finance, marketing, transportation, and procurement into one comprehensive business plan.

Optimal Sourcing 176

Optimal Sourcing Supply Chain Planning Software Optimization Software Supply Chain Software 176

Precoro

JULY 15, 2024

The chief procurement officer (CPO) is a senior executive responsible for developing and implementing their organization’s procurement policies, procedures, and strategies. Making sure these purchases are of high quality and compliant with relevant laws and regulations also falls under the CPO’s responsibilities.

Negotiating Skills 105

Negotiating Skills Manufacturing Procurement Procurement Analytics Procurement Solutions 105

Precoro

FEBRUARY 4, 2022

According to a Paystream 2018 Procurement Insights report, 80% of organizations still use manual or semi-digital tools to manage their procure-to-pay cycle. Most organizations are using the procurement module integrated with their ERP or accounting software. What is Procure to Pay? Procure-to-Pay Definition.

Procurement Solutions 98

Procurement Solutions Procurement Analytics Optimal Sourcing Procurement 98

Precoro

MARCH 27, 2025

According to McKinsey & Company, procurement accounts for 50% to 80% of a company’s cost base. That’s why organizations zero in on strategies to achieve procurement cost reduction.    The key thing to remember is that cost reduction in procurement isn’t just about slashing expenses.

Cost Reduction Strategies 45

Cost Reduction Strategies Price Reduction Expense Reduction Vendor Strategies 45

Precoro

AUGUST 14, 2023

More and more companies are acknowledging the importance of centralizing and optimizing their procurement operations. One of the ways to accomplish this is to establish a procurement team to streamline ordering by centralizing purchases and improving supplier relations. What are the duties of a procurement manager?

Negotiating Skills 98

Negotiating Skills Purchasing Skills Buyer Training Procurement Solutions 98

Jaggaer

FEBRUARY 5, 2025

Strategic sourcing formalizes the gathering, analysis and application of information to align purchasing strategies with the organizations broader goals while securing the best possible overall value. In some categories it makes sense to conduct a competitive sourcing event, for example an online auction using eSourcing software.

Negotiating Skills 52

Negotiating Skills Sourcing Strategies Purchasing Skills Optimal Sourcing 52

Precoro

MAY 20, 2024

That’s when small business owners seek assistance with purchase order financing. In this article, we'll discuss how purchase order financing works and which companies can benefit from it. Continue to find out more, or jump right to the section you are most interested in: What is purchase order financing?

Purchasing Skills 105

Purchasing Skills Procurement Solutions Manufacturing Procurement Negotiate Pricing 105

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

Logility

OCTOBER 6, 2023

Integrations include cloud ERP systems, data warehouse solutions, or big data systems – such as Microsoft Azure Synapse and Snowflake – or can be driven by events or web services that make the platform more responsive. What do these drivers and advantages mean for my business?

Supply Chain Planning Software 194

Supply Chain Planning Software Modeling Software Supply Chain Network Software Optimization Software 194

Precoro

JULY 8, 2022

The question arises: when to separate purchasing management tasks into an autonomous operational role and hire a designated professional? There is no universal answer to this question, as purchasing process, procurement policies, goals, and volumes differ not only in the industries but even from company to company.

Purchasing Skills 98

Purchasing Skills Manufacturing Procurement Negotiating Skills Procurement Solutions 98

ivalua

APRIL 13, 2021

In part 1 of this blog I looked at how procurement can actually create new revenue opportunities. Here I’ll take a look at two other ways that procurement can help support growth. Even in indirect purchasing, giving suppliers more flexibility in how they meet requirements can increase savings and sustainability.

Procurement Solutions 130

Procurement Solutions Procurement Sourcing Strategies Purchasing Skills 130

Precoro

NOVEMBER 13, 2023

One of the ways that procurement teams improve this figure is by tracking and improving the purchase price variance (PPV) metric. In this article, we'll explain what PPV is, why it matters, and how tracking this metric can benefit your procurement processes. Why Is Purchase Price Variance Important?

Purchasing Skills 98

Purchasing Skills Procurement Analytics Negotiating Skills Negotiate Pricing 98

Precoro

SEPTEMBER 2, 2022

For some businesses – usually smaller or with a single-source purchasing flow – it may be sustainable to react to the immediate needs. However, growing organizations that face increasing complexity recognize the value of thoughtfully-planned and managed procurement. Office supplies would be an example of indirect procurement.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Solutions Procurement Analytics Optimal Sourcing 98

AIMMS

NOVEMBER 12, 2019

Supply chain software is changing. So should the purchasing process. . RFIs tend to work well for certain industries (like government) or for purchasing equipment and industrial assets, bu t t hey often fall short in helping supply chain teams select a new software vendor. Why RFIs Fall Short .

Procurement Solutions 156

Procurement Solutions Supply Chain Planning Software Modeling Software Supply Chain Software 156

Supply Chain Shaman

FEBRUARY 11, 2019

Note that academics and employees of technology software companies have a statistically significant higher level of job satisfaction. 2) The Story of Policy, Strategy, and Modeling. The supply chain combines policy, strategy and models. Selection of a Supply Chain Planning Solution. However, there is a disconnect.

Supply Chain Planning Software 207

Supply Chain Planning Software Modeling Software Demand Planning Software Supply and Demand 207

GlobalTranz

SEPTEMBER 12, 2016

Many different terms, such as less-than-truckload (LTL), procurement and transportation management, describe supply chain management processes. Although procurement logistics might sound like it involves the purchasing of manufactured products , it is much more involved. The Definition of Procurement Logistics.

Manufacturing Procurement 120

Manufacturing Procurement Procurement Solutions Optimal Sourcing Procurement Analytics 120

SCMDOJO

APRIL 20, 2023

If you’re eyeing a role as a Procurement Manager (or are looking to hire one), you’re in the right place! As a procurement Manager, you’ll play a crucial role in overseeing the purchasing and procurement process for a company or organization, making sure they get the best bang for their buck.

Negotiating Skills 115

Negotiating Skills Optimal Sourcing Procurement Analytics Manufacturing Procurement 115

Logistics Viewpoints

DECEMBER 6, 2022

However, the inability for consumers to initially see, feel or experience products they purchase online can create gaps between product expectations and what arrives at the doorstep. Compare this to the 9% returns rate of purchases made in-store. In the U.S, 21% of online orders were returned in 2021, up from 9% in 2019.

Reverse Logistics 279

Reverse Logistics Purchasing Skills Price Reduction Logistics Network Optimization Software 279

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 20

Procurement Analytics Optimal Sourcing Procurement Solutions Material Savings 20

Supply Chain Shaman

SEPTEMBER 13, 2023

I know that your primary focus is procurement. Or planned orders to purchase orders?) I observed companies use the beer game as an educational tool or a social networking activity. ” Anna, this blog post is for you. Over the last two years, I actively engaged technologists and business leaders to redefine demand planning.

Supply and Demand 431

Supply and Demand Supply Chain Planning Software Modeling Demand Planning 431

BlueYonder

AUGUST 21, 2023

From a retailer’s perspective, adjusting your return policies is likely a sound business decision — maybe you already have excess inventory and don’t want to pay for additional product storage, or maybe you’re trying to recover some of the lost revenue associated with returns. Why Are Returns So Important To Retail Consumers?

Policies 96

Policies Forecasting Procurement Solutions Forecasting Software 96

SCMDOJO

APRIL 26, 2023

Category management is a procurement strategy that involves grouping similar products or services together into categories and managing them as a single unit. This approach can help organizations streamline their procurement processes, negotiate better deals with suppliers, and ultimately save money.

Procurement Solutions 101

Procurement Solutions Manufacturing Procurement Procurement Analytics Optimal Sourcing 101

Supply Chain Matters

FEBRUARY 3, 2025

Oracle has announced new role-based agents that are being embedded into the Oracle Fusion Cloud SCM and Manufacturing software applications suite. Margin and risk resilience Procurement policy advisor : Helps procurement professionals increase the speed and accuracy of creating, processing, and fulfilling purchase requisitions.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Manufacturing Procurement 52