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

Supply Chain Matters

JUNE 2, 2023

In this special edition of Supply Chain Matters This Week in Supply Chain Tech , we highlight for readers a workforce reduction underway at procurement technology provider Coupa Software. Three years of pandemic challenges, disruptions, and of technology market opportunities have brought forward implications and of reckoning.

Price Reduction 52

Price Reduction Cost Reduction Strategies Supply Chain Design Software Network Design Software 52

The Logistics of Logistics

JANUARY 13, 2023

Trey is the Co-founder and CEO at Amplio , an Atlanta based tech firm that predicts and prevents material and parts shortage for companies in the electronic manufacturing space. Trey and the Amplio team believe that sourcing electronic components should be easy and predictable. Streamline procurement. About Trey Closson.

Manufacturing Procurement 182

Manufacturing Procurement Optimal Sourcing Purchasing Skills Procurement Solutions 182

EC Sourcing Group

FEBRUARY 8, 2023

Legacy sourcing methods work against you. From lost opportunities to higher costs, outdated sourcing methods and traditional sourcing strategies can impede your success and the growth of your business. Sourcing Strategies in Procurement: What Is Traditional Sourcing?

Optimal Sourcing 52

Optimal Sourcing Purchasing Skills Sourcing Strategies Negotiating Skills 52

Logistics Viewpoints

JUNE 1, 2023

Continuing Disruptions in Transportation and Sourcing Materials After the pandemic, retailers are faced with new challenges and disruptions due to global conflicts, trade restrictions, and now recessions. They are more likely to shop for discounts and sales and may delay purchases of some items.

Supply Chain Planning Software 193

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 193

Logility

AUGUST 31, 2023

From where they shop and how frequently they buy to what price points entice them, consumer behaviors have been challenging to predict over the past year. Capacity planning drives production plans, cadence, and raw material procurement and has cost-justified an investment in small-batch processing equipment.

Consumer Goods 185

Consumer Goods Network Optimization Software Optimal Sourcing Inventory Reduction 185

Resilinc

MARCH 26, 2024

In this blog, we explore the different types of predictive AI models for supply chain risk management. In our second AI blog of the series, Predictive AI vs. Generative Supply Chain AI , we looked at the difference between predictive AI and generative AI. Instead, the company should be predictive rather than reactive.

Modeling 107

Modeling Supply Chain Risk Management Modeling Software Risk Management 107

Precoro

NOVEMBER 7, 2022

In order to run a successful business, you need a dedicated procurement team to obtain these essential goods and services, ensure timely delivery, and nurture good relationships with your vendors. Paying for offices, utilities, technology subscriptions, and cleaning services is also part of the procurement team's responsibility.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Solutions Optimal Sourcing Procurement Analytics 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. AI-driven systems improve understanding and management of workflows.

Sourcing Strategies 78

Sourcing Strategies Supply Chain Software Optimal Sourcing Predictive Analytics Software 78

ThroughPut

FEBRUARY 23, 2024

With rapid fluctuations and uncertainty, predicting customer demand is like shooting in the dark. Leveraging AI for demand forecasting means: You can analyze any amount of historical data and current trends from external sources to predict future demands more accurately. The solution? You can read more about it here.

Predictive Analytics Software 59

Predictive Analytics Software Supply Chain Planning Software Optimal Sourcing Predictive Analytics 59

Supply Chain Shaman

JUNE 23, 2020

” Or, “If you need an answer, implement my solution.” If the industry were grounded in truth in advertising repercussions, there would be far fewer signs in the airports from consultants and technology providers.). Shifts in Technology. No technology company is attacking supply chain planning at the center.

Supply Chain Design Software 292

Supply Chain Design Software Supply Chain Planning Software Analytics Software Optimization Software 292

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. I’d suggest that “speed” has both internal and external dimensions.

Procurement Solutions 100

Procurement Solutions Procurement Analytics Optimal Sourcing Procurement 100

Claritum

MAY 12, 2019

Claritum Article - Procurement Blog. Technologies and Procurement Table. There are a lot of articles around on what Procurement needs to do; how Procurement needs to change; and how technology will fundamentally change Procurement. 2 Technologies and Procurement Table. TECHNOLOGY.

Analytics Software 36

Analytics Software Predictive Analytics Software Modeling Software Supply Chain Network Software 36

Jaggaer

FEBRUARY 11, 2020

Forbes predicts that AI will revolutionize everything from scouting and performance analysis to player health and broadcasting angles. The good and bad news is that autonomous procurement isn’t here yet. There are four main steps to autonomous procurement. There are four main steps to autonomous procurement.

Procurement Solutions 80

Procurement Solutions Optimal Sourcing Procurement Sourcing Strategies 80

SCMDOJO

APRIL 4, 2023

But like any new technology, there are hurdles to overcome when implementing supply chain analytics. In this article, we’ll delve into the benefits and challenges of this powerful tool, and discuss the architecture that’s necessary to successfully integrate it into your business.

Prescriptive Analytics Software 111

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Supply Chain Design Software 111

QAD

MAY 24, 2023

Digital technology is essential to connecting the universe of supply chain management partners. Supply chain leaders need effective tools to share real-time information across networks of suppliers, customers, carriers, distributors, and government agencies. Tailor the right digital and interpersonal tools to every obstacle.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chain Design Software Optimal Sourcing 52

Supply Chain Matters

JANUARY 11, 2023

Supply Chain Matters provides an update on Logility’s previously announced acquisition of a start-up supply chain network design provider, and how this form of technology has become increasingly important to supply chain management teams. . Evolution of Supply Chain Network Design Technology. Background.

Network Design Software 52

Network Design Software Logility Procurement Solutions Supply Chain Design Software 52

Supply Chain Game Changer

NOVEMBER 22, 2018

Check out What is Virtual Procurement and Why Should You Care? Where is procurement, outsourcing, sourcing, supply chain, and purchasing going? Secondarily, we will include information from other procurement professionals and procurement firms about their experiences, what they forecast, and what they are seeing.

Manufacturing Procurement 63

Manufacturing Procurement Procurement Solutions Optimal Sourcing Procurement Analytics 63

Jaggaer

AUGUST 4, 2020

?. Public sector procurement is stuck in limbo – frequently the differences between public and private sector seem enormous, but they’re of te n exaggerated or misunderstood. Find out more about public procurement strategies in our new white paper, Going Digital in Public Sector Procurement. . Rent and Lease.

Procurement Solutions 78

Procurement Solutions Optimal Sourcing Demand Planning Software Procurement 78

GlobalTranz

SEPTEMBER 23, 2021

Pent-up demand of customers and the strong predictions for another above-average peak season has put a unique burden on truckload and parcel transportation. A Possible Stimulus on the Horizon May Increase the Challenge of Procurement Through Peak Season. Download the White Paper: Over the Road Freight Management Trends. volatility?and

Prescriptive Analytics Software 308

Prescriptive Analytics Software Optimal Sourcing Pricing Training Negotiating Skills 308

Supply Chain Shaman

SEPTEMBER 22, 2021

As Allyson presented her story of working for multiple consumer products companies, with very advanced technologies (demand sensing, advanced automation of forecasting, data lakes and descriptive analytics), she spoke of why at the end of the day, the most important technology that she uses is Excel. The solution was too black box.

Optimal Sourcing 219

Optimal Sourcing Analytics Software Procurement Analytics Supply Chain Planning Software 219

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

Jaggaer

OCTOBER 8, 2019

Our survey of the global procurement community and the subsequent report, Digital Transformation in Procurement: How Close Are We? revealed heightened awareness of digital technologies and their potential to transform the procurement function, but little progress over the past two years. So, what else has to happen?

Procurement Analytics 40

Procurement Analytics Optimal Sourcing Manufacturing Procurement Procurement Solutions 40

SYSPRO Smarter ERP

SEPTEMBER 8, 2021

The industrial equipment and machinery (IM&E) industry needs to start looking at solutions that will handle change in key elements of the supply chain, production operations, and shipment activities without being disrupted. It may be difficult to decide how to spend a limited budget on new digital technology. Operations.

Supply Chain Planning Software 115

Supply Chain Planning Software Supply Chain Design Software Inventory Management Software Forecasting Software 115

ThroughPut

FEBRUARY 2, 2024

This technology sifts through complex data to forecast potential disruptions and market trends, allowing companies to plan ahead instead of reacting in the moment. Blind vs. Clear Demand Forecasting Without Advanced Analytics: It’s hard to predict what customers will want. is advanced supply chain analytics.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Predictive Analytics 52

ThroughPut

MARCH 25, 2024

Our 2024 guide provides supply chain managers and planners with the latest tools and insights to refine their demand forecasting processes. Demand forecasting is the process of predicting future customer demand for a product or service. Demand forecasting predicts future customer demand using historical data and market analysis.

Forecasting 52

Forecasting Forecasting Software Modeling Demand Planning Software 52

SYSPRO Smarter ERP

NOVEMBER 1, 2021

Old systems are being challenged by new players, and legacy companies are reinventing themselves to better address the needs of their customers. Industries are facing the need to plan new strategies and invest more in technology to gain a stronger foothold. E-commerce platforms are now ubiquitous in the B2C space.

Manufacturing Procurement 111

Manufacturing Procurement Supply Chain Planning Software Optimal Sourcing Predictive Analytics Software 111

ivalua

MARCH 17, 2021

Inefficient, often disparate systems, as well as duplicative processes add to that complexity. Replacing inefficient legacy systems and manual processes with technology capable of automating the entirety of the grants process has become the goal. The Procurement Link. Reason No. 3 – It’s Timely. Sean Correll.

Manufacturing Procurement 130

Manufacturing Procurement Supply Chain Planning Software Procurement Solutions Procurement Analytics 130

GlobalTranz

JANUARY 10, 2017

This unwavering drive represents the continued interest in advancing today’s capabilities with state-of-the-art technology and adaptability. From artificial intelligence to refocusing on procurement, the state of supply chain continued to explode throughout 2016, and you need to understand why. The State of Supply Chain 2016 Trends.

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Manufacturing Procurement Optimal Sourcing Procurement Analytics 120

EC Sourcing Group

OCTOBER 26, 2021

Before the Internet was a vital tool in business, the supply chain was a much different place than today. However, the use of information technology in supply chain management has streamlined the world of procurement and purchasing through supply chain management, cloud software, and other types of IT that help boost supply chain efficiency.

Supply Chain Software 52

Supply Chain Software Logistics Network Optimization Software Inventory Management Software Analytics Software 52

Logility

JUNE 15, 2021

Food and beverage companies can use demand sensing to predict sudden market trends and prepare for actual supply needs. For example, an F&B business that supplies perishable goods knows that these goods have a limited shelf life and therefore must accurately project how much to purchase at once. Advanced inventory management.

Supply and Demand 147

Supply and Demand Beverage Supply Chain Planning Software Demand Planning Software 147

Precoro

APRIL 18, 2023

On the other hand, a software development company wouldn’t need to purchase raw materials but rather goods – such as hardware – and services, like software subscriptions. Shipping Rates Delivery cost makes up a significant part of a company’s procurement expenses, so visibility is essential for taming the spending.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Real-time Visibility Supply Chain Software 98

The Logistics & Supply Chain Management Society

AUGUST 20, 2020

A digital workforce weaves together disconnected automation tools – Robotic Process Automation (RPA), AI, and machine learning – to think, act and analyse the way a human worker would, and work alongside humans. Procurement. Purchase Order Management. RPA brings efficiency to these tasks while saving time and reducing errors.

Supply Chain Software 246

Supply Chain Software Supply Chain Planning Software Optimal Sourcing Agile and Lean Supply Chain 246

Talking Logistics

DECEMBER 11, 2014

made that prediction in 2008 (see the Barron’s article What $300-a-Barrel Oil Will Mean for You ). Three years later, he stayed with his $300-a-barrel prediction, but shifted the timeframe to 2020 (see the CBS News article, Another $300 Oil Prediction — and Why This One Matters ). million bbl/d in 2015.” .

Predictive Analytics Software 202

Predictive Analytics Software Supply Chain Design Software Logistics Network Optimization Software Predictive Analytics 202

SYSPRO Smarter ERP

JULY 3, 2023

Implementing AI requires significant investment in technology infrastructure and staffing as well as major change management initiatives to ensure value is achieved. Having an ERP system in place can be a major advantage when considering how and where to start an AI/ML project. This also improves asset reliability and lifetime.

Manufacturing Procurement 98

Manufacturing Procurement Optimal Sourcing Manufacturing Data 98

Supply Chain Game Changer

NOVEMBER 7, 2019

Technology is applied when needed as a ‘proposition’, typically implemented with an expected result in mind, but often creating an output of impact in an organization- that can too render as disruptive or innovative to the initial digital state of the organization. Source: Deloitte CPO Survey 2018. Digitization vs. Digitalization.

Manufacturing Procurement 55

Manufacturing Procurement Procurement Solutions Optimal Sourcing Procurement 55

ivalua

NOVEMBER 10, 2020

Innovating to Uncover New Sources of Revenue in the Public Sector. And most forecasters aren’t predicting an upswing, at least in the short term. . Step 1: Use e Procurement Systems as a Potential Source of Revenue. Step 2: Use e Procurement systems for vendor relationships .

Procurement Solutions 130

Procurement Solutions Procurement Analytics Modeling Software Analytics Software 130