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Why Procurement Management Tool is a Must for Efficient Purchasing

Precoro

Procurement is a complex and dynamic process involving strategic planning and several stages of execution, from sourcing to paying and reporting. Supply chain management, purchase requisitions and orders, budget management, and three-way matching – all these processes are integral to procurement as a whole. Lack of Transparency.

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What is MRO procurement?

Synovos

What is MRO procurement? Understand MRO procurement and your bottom line will benefit. The acronym refers to the materials required to keep your operation running, such as spare parts, engineering tools and test equipment. Why is handling MRO procurement so costly? MRO stands for maintenance, repair, and operations.

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Get the Procurement Analytics Advantage with SAP S/4HANA

Bristlecone

Did you know that advanced analytics, when used in lieu of traditional statistical models, can help procurement departments increase cost efficiency by 3-8%? [1]. The procurement department of any business generates more data than is humanly possible to compute and comprehend through traditional means. Operational Procurement.

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Supply Chain Planning Solutions are Not Just for the Big Boys

Logistics Viewpoints

Myers Industries Implements John Galt Solutions. They also are also one of the largest distributor in the US of tools, equipment and supplies for the tire and wheel service industry. In September of 2020, the company hired Jeff Baker to be their Vice President of Procurement and Integrated Supply Chain.

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Purchase Order Accruals in SAP S/4HANA

Bristlecone

Organizations procure a wide variety of consumables, goods and services to run their day-to-day operations. Before SAP S/4HANA Accruals Management, automating the management of the entire accruals and deferments process was a near impossibility. The following diagram depicts the overall purchase order accruals process.

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18 Best Supply Chain Analytics Software Solutions to Improve Business Efficiency

ThroughPut

This piece will unveil the top 18 supply chain analytics solutions currently shaking up the market. These aren’t just tools but potential game-changers for your bottom line in the long run. What is Supply Chain Analytics Software? So, what features should you look for in your supply chain analytics tool?

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How PassportCard consolidated multiple subsidiaries and locations under one sustainable procurement workflow

Precoro

Unlike most insurance coverage processes, the PassportCard insurance card functions as a debit card that allows insurance-holders to pay for medical services, purchase medications, laboratory tests, or visit the emergency room without the need to collect and send invoices.