EC Sourcing Group

JULY 13, 2021

How to Optimize Your Procurement Sourcing Systems. Finding the right tools and measures to optimize your procurement sourcing systems is a must. While optimization does rely heavily on procurement sourcing software , there are other ways to optimize the procurement management process.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Analytics Software Supply Chain Network Software 52

ivalua

OCTOBER 13, 2022

However, the report, produced by Procurement Leaders in partnership with Ivalua, shows that only 31% of procurement professionals said they are satisfied or very satisfied with their organization’s current visibility over its supply chain. Ivalua is a leading provider of cloud-based Spend Management software. About Ivalua.

Procurement Analytics 130

Procurement Analytics Procurement Solutions Supply Chain Planning Software Optimal Sourcing 130

ivalua

JANUARY 31, 2022

Last week, Ivalua partnered with Ardent Partners to discuss Procurement 2022: Big Trends and Predictions. . Procurement 2022: Big Trends and Predictions. #1. Organizations must shift focus toward strengthening their procurement processes and procedures to gain 100% supply chain visibility. View Webinar Replay. More on that here.

Predictive Analytics Software 130

Predictive Analytics Software Optimal Sourcing Procurement Sourcing Strategies 130

ivalua

DECEMBER 21, 2021

Redwood, CA, 20th December 2021 – Ivalua, a leading provider of global Spend Management Cloud solutions, today announced that Canada’s largest co-operative, Federated Co-operatives Limited (FCL), has gone live with its source-to-contract solution which includes a seamless integration to TealBook, the leading supplier data foundation.

Manufacturing Procurement 130

Manufacturing Procurement Sourcing Strategies Optimal Sourcing Predictive Analytics Software 130

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

OCTOBER 25, 2022

Nearly a third (32%) of procurement teams concede to cutting corn ers with their sourcing criteria for suppliers to secure supply. 81% of procurement teams feel pressured by executive teams to respond more quickly and effectively to challenges such as inflation, disruptions, and shortages. Redwood, CA, 25 October, 2022.

Optimal Sourcing 130

Optimal Sourcing Supply Chain Network Software Demand Planning Software Logistics Network Optimization Software 130

EC Sourcing Group

JUNE 8, 2021

Where to Start if You’re New to Procurement Sourcing Solutions. There are many people who are not new to procurement and sourcing and its role in the supply chain but may be new to sourcing solutions and software. Procurement Sourcing Solutions : What Is Procurement Management?

Optimal Sourcing 52

Optimal Sourcing Procurement Solutions Procurement Analytics Sourcing Strategies 52

Talking Logistics

MAY 14, 2019

The only way to take control of your future is to double down on quality. Product quality directly impacts the profitability of a company. The cost of poor quality is so closely related to supplier quality and compliance that manufacturers must give the proper attention and resources to the optimization of their upstream partnerships.

Supply Chain Planning Software 163

Supply Chain Planning Software Quality Supply Chain Software Supply Chain Network Software 163

Logistics Viewpoints

AUGUST 11, 2022

An RTTVP is a software solution that tracks, and traces loads in transit regardless of carrier or mode. It collects and stores data from a variety of sources. This may include decision-makers from IT, finance, operations, sales, and procurement. Gather input from everyone who will use or have a stake in the implementation.

Supply Chain Planning Software 232

Supply Chain Planning Software Forecasting Software Logistics Network Optimization Software Supply Chain Network Software 232

SCMDOJO

SEPTEMBER 18, 2023

Whether you’re a seasoned procurement professional or just stepping into the world of sourcing and acquisitions, understanding the nuances of procurement synonyms can make all the difference. So, get ready to elevate your communication skills and gain a deeper understanding of the procurement domain.

Negotiating Skills 97

Negotiating Skills Manufacturing Procurement Optimal Sourcing Pricing Training 97

EC Sourcing Group

DECEMBER 5, 2022

Contract Compliance and Strategic Sourcing. Compliance is one of the essential pieces of procurement management. Contract sourcing and strategic sourcing are two different strategies that ensure you are able to get the best deals from your suppliers while still adhering to company policy. Decide on a sourcing strategy.

Negotiating Skills 52

Negotiating Skills Sourcing Strategies Purchasing Skills Sourcing 52

EC Sourcing Group

DECEMBER 13, 2021

What Is Vendor Sourcing? Generally speaking, vendor sourcing is when you choose vendors to supply you with either goods or services. In years past, vendor sourcing could be an intricate and lengthy process. Read on to learn more about auction vendor sourcing and more about the management process. Quality testing.

Purchasing Skills 52

Purchasing Skills Optimal Sourcing Sourcing Strategies Negotiating Skills 52

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

QAD

JUNE 29, 2023

We all know that quality isn’t free. But if you want to pay for it at the lowest possible cost, you build quality in from the beginning. When you identify a quality issue during production, you’ve already invested in that nonconforming product. So why doesn’t everybody do it?

Price Reduction 92

Price Reduction Sourcing Strategies Expense Reduction Resource Reduction 92

EC Sourcing Group

OCTOBER 4, 2022

Strategic Sourcing Solutions to Enhance Your Bottom Line. Strategic sourcing is vital to procurement and the supply chain overall, as it allows companies to gain the lowest cost of a good or service while minimizing supply chain risk. What Is Strategic Sourcing?

Negotiating Skills 52

Negotiating Skills Purchasing Skills Sourcing Strategies Procurement Solutions 52

Logistics Viewpoints

FEBRUARY 19, 2024

Quality issues have recently bedeviled Boeing. Unless significant sanctions are imposed due to Boeing’s design and production-quality issues, it is likely that business will continue as usual,” according to Christopher Tang. Advanced software is not a magic wand. Boeing is now a case study in how not to outsource a supply chain.

Supply Chain Design Software 223

Supply Chain Design Software Manufacturing Procurement Logistics Network Optimization Software Supply Chain Software 223

Logility

APRIL 21, 2020

In large part due to computer processing power, new advances in forecasting and the abundance of new data sources have helped to increase forecast reliability. Value-add forecasting is one way companies are now realizing incremental improvements in their forecast quality and reliability. value-add forecasting today.

Forecasting 157

Forecasting Optimal Sourcing Forecasting Software Modeling 157

QAD

MAY 23, 2023

This sounds simple enough, but we all know it’s a very complex issue and that’s partially because ESG concerns touch every part of the value chain, from the field or mine where raw materials are sourced to the packaging and transport modes used to bring your finished product to market.

Procurement Solutions 92

Procurement Solutions Supply Chain Planning Software Supplier Management Modeling Software 92

EC Sourcing Group

AUGUST 16, 2022

Unethical Sourcing Practices in Procurement and How to Avoid Them. In procurement, unethical practices can be hard to spot. It’s critical to understand what makes up ethical vs. unethical practices within your procurement function. Unethical Procurement Practices : Examples of Unethical Behavior. Favoritism.

Sourcing 40

Sourcing Procurement Negotiate Pricing How To 40

Precoro

OCTOBER 24, 2022

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.

Procurement Solutions 98

Procurement Solutions Procurement Analytics Analytics Software Sourcing Strategies 98

ivalua

MARCH 31, 2020

New Ivalua study shows technology challenges are hindering procurement teams from achieving business objectives. The study revealed the challenges procurement teams face when it comes to achieving business objectives and the wide and growing gap in performance between advanced and less mature teams.

Optimal Sourcing 130

Optimal Sourcing Study Procurement Cost Reduction Strategies 130

QAD

JANUARY 24, 2023

It is no secret that procurement executives are constantly seeking innovative ways to maximize efficiency and address unexpected supply disruptions. However, procurement is evolving into much more than the most cost effective option since the cheapest option often involves real world atrocities like child and forced labor.

Supply Chain Software 96

Supply Chain Software Manufacturing Procurement Optimal Sourcing Procurement 96

Taulia

DECEMBER 2, 2021

Ethical sourcing is one solution for improving a business’ environmental footprint. What is ethical sourcing? Ethical sourcing is a responsible approach to supply chain management that involves sourcing products and raw materials from businesses that comply with certain sustainable practices and legal requirements.

Sourcing Strategies 98

Sourcing Strategies Optimal Sourcing Sourcing Vendor Strategies 98

ivalua

DECEMBER 5, 2019

Suppliers offer an excellent source of knowledge to help businesses rapidly innovate. Procurement is essential for organisations looking to build relationships. Procurement must refocus to foster, rather than block innovation. The post How Procurement can help to drive Supplier-led innovation appeared first on Ivalua.

Innovation 221

Innovation Price Reduction Cost Reduction Strategies Procurement 221

OptiProERP

DECEMBER 18, 2023

Procurement and purchasing are terms interchangeably used in manufacturing but are distinct activities. In this blog, we will see how purchasing and procurement differ. From invoicing, making payments, and managing suppliers, procurement saves time while building positive supplier relationships.

Manufacturing Procurement 52

Manufacturing Procurement Purchasing Skills Procurement Solutions Negotiating Skills 52

Supply Chain Game Changer

OCTOBER 28, 2021

Featuring Our 12 Best Procurement Articles! Procurement is a function that is undergoing an exciting transformation in the majority of global value chains; simultaneously, within its own strategy, process, and technology. This is an exciting time to be a procurement practitioner, as well as a vendor of ProcureTech solutions.

Optimal Sourcing 89

Optimal Sourcing Procurement Supply Chain Planning Software Modeling Software 89

Supply Chain Shaman

APRIL 29, 2024

Business leaders see the open sharing of feedback on software as too risky. How can I improve the process of software selection? How can I improve the process of software selection? Buying supply chain planning software is hard. How are people buying software? No one wants to share openly. What problems do you see?

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Precoro

AUGUST 26, 2021

Or procurement? Although quite similar, procurement and purchasing are two distinctive processes , and understanding the difference between them can help facilitate your organization’s success. Scroll down to find: Procurement and purchasing: side-by-side comparison table ; Procurement and purchasing defined. Procurement.

Pricing Training 98

Pricing Training Procurement Solutions Procurement Analytics Purchasing Training 98

EC Sourcing Group

JULY 26, 2022

Analytic techniques include data mining, eSourcing software , semantic analysis, complex event processing, predictive modeling, and other business data examinations. Read on to better understand of advanced analytics, their benefits, and how they will improve your sourcing outcomes. Examples of Advanced Analytics.

Optimal Sourcing 52

Optimal Sourcing Analytics Software Predictive Analytics Sourcing Strategies 52

EC Sourcing Group

MARCH 9, 2021

Top 5 Ways to Optimize Your Procurement Strategy. There are a lot of moving parts in procurement, and it’s easy sometimes to keep following the same processes you always have because you are achieving moderate success. Change when it comes to procurement, sourcing, and supply chain management makes people nervous.

Optimal Sourcing 52

Optimal Sourcing Sourcing Strategies Vendor Strategies Cost Reduction Strategies 52

EC Sourcing Group

APRIL 27, 2021

5 Benefits of Global Sourcing in Supply Chain Management. The importance of quality in supply chain management is undeniable. The truth is that global sourcing benefits outweigh the risks for many spend categories, and it’s advantageous to think about the big picture of your sourcing steps. Why Is It Important?

Manufacturing Procurement 52

Manufacturing Procurement Sourcing Supply Chain Software EC Sourcing 52

EC Sourcing Group

NOVEMBER 16, 2021

Effectively managing your suppliers is an integral part of the procurement process (and important to the entire supply chain as well). Without goods and services, nothing can be produced, which would make procurement impossible. Supply Chain Management Cloud Software: Long-Term Relationships. However, this isn’t true.

Procurement Solutions 52

Procurement Solutions Analytics Software Logistics Network Optimization Software Supply Chain Software 52

EC Sourcing Group

JULY 28, 2020

Objectives of Procurement Management. The objectives of procurement management can range from the most general, such as “buying goods and services,” to the more complex, such as “supporting organizational goals within the team.” What Is Procurement Management? Objectives of Procurement Management: Managing Contracts.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 52

Supply Chain Matters

SEPTEMBER 21, 2022

In this particular posting, we share our review of: Profit From The Source- Transforming Your Business By Putting Suppliers at the Core. This book’s content is organized into three broad parts: How You Need to Change , specifically addresses making your suppliers and the procurement function as leadership imperatives.

Manufacturing Procurement 59

Manufacturing Procurement Sourcing Strategies Supply Chain Software Supply Chain Planning Software 59

Elementum

JULY 7, 2022

Business project management software is often overlooked in supply chain management in favor of SCM functions, but is there an advantage in combining the two? The best project management software for supply chain professionals is often a solution that integrates with SCM, ensuring the systems benefit each other.

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Software Forecasting Software Demand Planning Software 78

Precoro

MAY 22, 2023

Strong companies depend on a range of hardware and software solutions to support key business processes like customer service, financial management, and supply chain operations. This article encompasses the best practices for planning and executing successful IT procurement strategies. What is IT procurement?

Procurement Solutions 52

Procurement Solutions Procurement Analytics Pricing Training Purchasing Skills 52

Kodiak Hub

SEPTEMBER 23, 2021

Procurement is a function that is undergoing an exciting transformation in the majority of global value chains; simultaneously, within its own strategy, process, and technology. This is an exciting time to be a procurement practitioner, as well as a vendor of ProcureTech solutions. It’s time to air our dirty laundry.

Optimal Sourcing 59

Optimal Sourcing Procurement Supply Chain Planning Software Modeling Software 59