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

ivalua

DECEMBER 14, 2020

In a recent webinar, “ How to Leverage S2P Platforms to Enable Supply Chain Resilience ,” procurement experts from Forrester, Ivalua and Procurement Leaders discussed how digital transformation and the technologies that enable it can help companies mitigate risk and be more agile and resilient.

Procurement Solutions 130

Procurement Solutions Optimal Sourcing Manufacturing Procurement Optimization Software 130

ToolsGroup

DECEMBER 20, 2021

Global Trade Authority Rob Garrison, CEO and Co-Founder of Mercado Labs, shares insights from over 30 years of supply chain experience working with a variety of Fortune 500 companies. Here, he explains what caused current global supply chain disruptions, and shares the five steps needed to overcome today’s supply chain issues.

Supply Chain Disruption 194

Supply Chain Disruption Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 194

QAD

MAY 23, 2023

Ninety percent of companies have an ESG strategy in place and chances are good yours does, too – or will very soon. ESG Regulations are Driving Investment in Sustainable Procurement Regardless of where you stand on the ethics behind ESG issues, you’d think consumer demand would be a clear driver for sustainable product development.

Procurement Solutions 94

Procurement Solutions Supply Chain Planning Software Supplier Management Modeling Software 94

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 Resource Reduction 130

Procurement Academy

JUNE 30, 2022

During the 1970’s oil crisis and the rampant inflation that followed, skilled procurement professionals were in demand more than ever before. While professionals have superior technology and analytics on their side, the challenges associated with procurement in a high inflation environment remain the same – and so do the solutions.

Procurement Analytics 95

Procurement Analytics Procurement Solutions Procurement Purchasing Skills 95

ToolsGroup

FEBRUARY 10, 2022

Let’s take a look at what demand shaping is and why it could be critical to your supply chain. Demand shaping is a supply chain strategy that utilizes tactics such as price and promotion incentives, product substitutions and cost modifications to entice customers to purchase specific items.

Inventory Reduction 156

Inventory Reduction Modeling Price Reduction Waste Reduction 156

Resilinc

MARCH 26, 2024

Generative Supply Chain AI , we looked at the difference between predictive AI and generative AI. Currently, Resilinc uses several predictive AI models in tracking purchase orders (POs) and commodities, autonomous mapping, risk-scoring models, and simulators. How does Resilinc use regression models?

Modeling 113

Modeling Supply Chain Risk Management Modeling Software Risk Management 113

Resilinc

FEBRUARY 16, 2021

Predictive analytics tool leverages AI to identify how a supplier will perform by analyzing past events and on-time delivery data. We’re pleased to announce the launch of our Predictive Purchase Order (PO) On-Time Delivery solution.

Procurement Solutions 62

Procurement Solutions Procurement Analytics Predictive Analytics Software Predictive Analytics 62

ToolsGroup

JANUARY 16, 2023

Over the past 24 months, many retailers were caught between the dual forces of fast changes in consumer demand and supply chain disruptions. It then adapts fulfillment strategies to compensate for out of balance inventory, lowering fulfillment costs and reducing markdowns. About ToolsGroup.

Supply Chain Planning Software 156

Supply Chain Planning Software ToolsGroup Inventory Reduction Waste Reduction 156

Precoro

SEPTEMBER 6, 2021

This month, we continue our Procurement Basics series and would like to introduce our readers to yet another set of often misused business terminology. As both sourcing and procurement are related to obtaining supplies for the organization, confusing these two terms is easy. Procurement. What Is Procurement Process?

Optimal Sourcing 97

Optimal Sourcing Manufacturing Procurement Purchasing Skills Procurement Solutions 97

Procurement Academy

OCTOBER 19, 2023

A crucial part of successful procurement strategies is the art and science of negotiation. Procurement negotiation refers to a buyer (usually from a company) and a seller (usually from a supplier) working together and discussing the likes of pricing, terms, conditions, and other aspects of a procurement contract.

Negotiating Skills 52

Negotiating Skills Pricing Training Negotiate Pricing Purchasing Training 52

ivalua

FEBRUARY 8, 2023

Ivalua Blog [ivory-search] Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience February 8, 2023 | | Manufacturing by Doug Keeley In the face of an unprecedented global crisis, Procurement stepped up to become a crucial driving force for business continuity. Why is visibility so important?

Manufacturing Procurement 242

Manufacturing Procurement Supply Chain Planning Software Supply Chain Software Optimal Sourcing 242

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. Goals beyond the best purchasing price fall into strategic sourcing. In many cases, new companies start with simple sourcing to get the procurement process rolling.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

Logility

MARCH 30, 2020

Looking back a few months, no one could have predicted the current state of the global supply chain. Although maybe we should have been better prepared, after-all this is not the first major supply chain disruption faced by most companies. Strategy One: Get a Better Handle on Supply Chain Data.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply Chain Disruption 130

Ware2Go

JANUARY 10, 2022

Should you change your supply chain procurement strategy in light of continuing supply chain disruptions? Supply chain procurement strategies had long been favoring Just in Time procurement. The answer to this question is complex. Big Picture Thinking.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Expense Reduction Price Reduction 52

ShipBob

JANUARY 15, 2024

In this guide, we’ll explore the main causes of inventory glut, innovative strategies to tackle it, and how working with a 3PL can help reduce inventory risk. Its cause can be related to poor demand forecasting, changes in global economic conditions, supply chain disruptions, or shifts in consumer preferences.

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Strategies Waste Reduction 52

Proxima

JUNE 5, 2023

It is now relatively safe to say this period has passed – for months now we have been seeing an increase in manufacturing and logistics capacities, as the strategies firms have deployed to counteract supply chain disruption begin to bear fruit. Yet while this is true, it doesn’t much feel like it to the average consumer.

Negotiating Skills 52

Negotiating Skills Cost Reduction Strategies Purchasing Skills Procurement Solutions 52

Unleashed

JUNE 7, 2023

It allows businesses to sustainably control stock and sell products despite shifts in customer demand or unexpected supply issues. In this guide, we define inventory optimisation and offer a few actionable tips and strategies for getting it right every time. Demand forecasting software. Without further ado, let’s dive right in.

Inventory Management Software 52

Inventory Management Software Forecasting Software Demand Planning Software Supply Chain Planning Software 52

ToolsGroup

NOVEMBER 23, 2021

Here are ways smart supply chain planning can help you minimize those post-pandemic shortages while still meeting your business objectives. 7 practical strategies to minimize risk and manage supply chain shortages. When facing the uncertainties that surround supply chain shortages, remember: You’re not alone.

Supply Chain Planning Software 291

Supply Chain Planning Software Scenario Planning Inventory Reduction Supply Chain Software 291

Procurement Academy

JUNE 30, 2022

During the 1970’s oil crisis and the rampant inflation that followed, skilled procurement professionals were in demand more than ever before. While professionals have superior technology and analytics on their side, the challenges associated with procurement in a high inflation environment remain the same – and so do the solutions.

Procurement Analytics 52

Procurement Analytics Procurement Solutions Procurement Purchasing Skills 52

Logistics Bureau

AUGUST 7, 2023

In this article, we’ll look at some of those challenges and explore potential solutions to help you and your IM team meet the burgeoning demand for fast and accurate order fulfilment. The ecommerce logistics practitioner must instead integrate reverse logistics into his or her company’s inventory management strategies and processes.

Inventory Management Software 74

Inventory Management Software Inventory Reduction Inventory Management Inventory 74

Resilinc

FEBRUARY 20, 2024

In our Q&A, Shahzaib discussed predictive AI, which is used for supply chain disruption monitoring, hurricane simulators, commodity predictions, supplier screening, and predictive purchase orders. Shahzaib also touched on Generative AI, which is used in Resilinc’s supply chain disruption alert system, EventWatch AI.

Predictive Analytics Software 96

Predictive Analytics Software Modeling Supply Chain Planning Software Supply Chain Software 96

The Logistics & Supply Chain Management Society

APRIL 26, 2022

Driving Sustainable Growth Through Supply Chain Resilience. Every industry sector and every business across the board, in APAC and around the globe have been impacted by the Great Supply Chain Disruption over the last two years, causing a blow out of transportation costs and continuous delays at every stage of the channel.

Supply Chain Planning Software 246

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 246

ToolsGroup

DECEMBER 10, 2023

Is AI our own enchanted solution It’s the holiday season, and while festivities may be muted publicly, I’ve still been enjoying lighting the tree, drinking mulled wine, and celebrating with loved ones at home. Holiday supply chain challenges It is an especially fraught holiday season for supply chain logistics.

Modeling 156

Modeling Supply Chain Optimization Optimization Modeling Optimization Software 156

Synovos

FEBRUARY 21, 2023

Importance of Supplier Relationships in Indirect Procurement Challenging times call for closer relationships between organizations and their MRO suppliers Strong and successful indirect procurement strategies depend on strong and successful supplier relationships. Indirect procurement can be somewhat hidden, though.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 52

Taulia

FEBRUARY 27, 2024

A guide to digital supply chain management The emergence of tools and techniques that facilitate digital supply chain management has opened up brand new possibilities for companies looking to make the most of their supply chains. What is digital supply chain management?

Supply Chain Software 52

Supply Chain Software Inventory Management Software Forecasting Software Procurement Solutions 52

Unleashed

MAY 25, 2023

Inventory purchases and storage fees have major impacts on your business’s profitability. Better cash flow management Purchasing inventory when it is needed and storing it in a cost-effective manner means cash is freed up for other aspects of the business. Equally, the likelihood that they will buy from you again is lower.

Supply Chain Planning Software 52

Supply Chain Planning Software Procurement Solutions Inventory Reduction Forecasting Software 52

QAD

FEBRUARY 7, 2023

Create and Maintain a Strategy The person in charge of supplier relationship management must determine a strategy for each supplier so that the relationship remains efficient. Those in charge of SRM must establish a strategy that generates a beneficial relationship for both parties.

Price Reduction 98

Price Reduction Material Savings Vendor Strategies Inventory Reduction 98

Precoro

MARCH 31, 2023

March 21 was the second annual iteration of World Sustainable Procurement Day , an online event organized by the Sustainable Procurement Pledge team, SPP Chapters, SPP Champions, and partners to raise awareness about the importance of ethical procurement and to share the best sustainability practices with organizations worldwide.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Manufacturing Procurement Procurement Solutions 52

SCMDOJO

SEPTEMBER 8, 2023

MRP plays a pivotal role in achieving this balance: Inventory Optimization : MRP ensures that businesses have just the right amount of inventory—neither too much that it leads to increased holding costs, nor too little that it disrupts production. This metric ensures that production and purchasing activities are timely and efficient.

Procurement Analytics 81

Procurement Analytics Supply Chain Planning Software Supply Chain Design Software Metrics 81

crisp

OCTOBER 3, 2023

We’re providing insight on the retail trends surrounding the 2023 holiday season, and how businesses can leverage data-driven strategies to meet them head-on. While supply chain disruptions that have defined previous years are showing signs of improvement , the current market faces a new set of challenges.

Waste Reduction 52

Waste Reduction Inventory Reduction Vendor Strategies Resource Reduction 52

EazyStock

FEBRUARY 15, 2021

The tool is now available on Microsoft AppSource for instant download. . Dynamics 365 Business Central is a comprehensive business management cloud solution and Microsoft’s newest ERP to the market. EazyStock , like Business Central, is a cloud-based solution. To learn more, please contact media@eazystock.com. ###.

Procurement Solutions 52

Procurement Solutions Inventory Management Software Optimal Sourcing Forecasting Software 52

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

SCMDOJO

JULY 28, 2022

The purchasing department purchases different types of goods and services. This can lead to dual sourcing and more competition among suppliers, ultimately reducing procurement costs and ensuring higher product quality. However, when you buy something, you may not always know all the suppliers that offer a particular product.

Negotiate Pricing 108

Negotiate Pricing Purchasing Skills Procurement Solutions Negotiating Skills 108

EazyStock

DECEMBER 13, 2020

You already know the biggest supply chain disruption of 2020: the COVID-19 pandemic. Prepare for Upcoming Supply Chain Risks. Supply chain volatility has been impossible to avoid with the advent of Coronavirus. Supply chain volatility has been impossible to avoid with the advent of Coronavirus.

Inventory Reduction 98

Inventory Reduction Sourcing Strategies Inventory Management Software Resource Reduction 98

Supply Chain Matters

MAY 31, 2022

Supply Chain Matters readers are well aware that the looking glass for an organization’s overall supply chain performance is intense right now, especially when C-Suite executives feel the heat from investors and board rooms. Stellantis Senior Procurement Leadership Change. Thus far, $13.7

Manufacturing Procurement 52

Manufacturing Procurement Procurement Analytics Procurement Solutions North America 52