Precoro

MARCH 30, 2022

Strategic Procurement Helps a Business Unleash its Potential. As The Hackett Group discovered, approaching procurement strategically with specific business goals in mind helps achieve a significantly higher ROI. Operational efficiency and cost reduction are among the top procurement priorities for CPOs, according to Deloitte.

Vendor Strategies 52

Vendor Strategies Sourcing Strategies Cost Reduction Strategies Price Reduction 52

Supply Chain Shaman

JANUARY 31, 2022

The Chief Financial Officer gained more presence with procurement and IT reporting to finance. Still, organizations are less willing to test and try technology innovation due to the restrictions and guide rails placed on software procurement and deployment. Focus on Cost. A Decline in Innovation. Less Collaborative.

Procurement Analytics 221

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies 221

Supply Chain Shaman

FEBRUARY 1, 2024

days to receive a purchase order confirmation. The average purchased order changes 3.5 As shown in FIgure 1, the fourth node is the COV of materials in planned orders/COV of purchase orders. Use this data as an input to safety stock calculations, procurement decisions, and production planning.

Supply Chain Planning Software 345

Supply Chain Planning Software Optimal Sourcing Manufacturing Procurement Waste Reduction 345

Supply Chain Shaman

MAY 26, 2023

In these conventional IT approaches, data is written and coded with fixed semantics into rows and columns. I term this our data jail. Primed for transactional efficiency, these legacy architectures based on relational databases drive order-to-cash and procure-to-pay efficiencies. An ontology is a graph database use case.

Optimal Sourcing 345

Optimal Sourcing Modeling Supply and Demand Manufacturing Procurement 345

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 question is, “Why?

Optimal Sourcing 221

Optimal Sourcing Analytics Software Procurement Analytics Supply Chain Planning Software 221

The Logistics & Supply Chain Management Society

OCTOBER 10, 2022

From stocking up your fridge with the week’s groceries to purchasing the latest smartphone, the consumer has now been placed at the center of the supply chain as they pull the complete gamut of products to where they reside. drop, and it continues to set new standards for delightful post-purchase customer experiences. That’s an 87.5%

Logistics Network Optimization Software 242

Logistics Network Optimization Software Supply Chain Planning Software Analytics Software Procurement Solutions 242

Supply Chain Game Changer

NOVEMBER 12, 2018

Argentus is a boutique recruitment firm focused on Supply Chain and Procurement. Check out What Exactly Is Procurement? And What is Purchasing? As we’ve chronicled on the Argentus Blog, it’s no secret that the world of Procurement is changing and fast. Procurement, you’ve come a long way, baby!

Procurement Analytics 54

Procurement Analytics Manufacturing Procurement Optimal Sourcing Procurement 54

Supply Chain Shaman

SEPTEMBER 13, 2023

I know that your primary focus is procurement. The issues are largely rooted in politics and the lack of clarity on supply chain excellence. Or planned orders to purchase orders?) ” 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 388

Supply and Demand Supply Chain Planning Software Modeling Demand Planning 388

NC State SCRC

AUGUST 18, 2022

Artificial intelligence is growing rapidly across many organizational applications, and nowhere is this impact greater than in procurement. Given the recent rapid inflationary pressure and the challenges of significant material shortages in 2022, there is growing pressure on procurement to continue to deliver value, as never before.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 52

Supply Chain View from the Field

OCTOBER 4, 2015

As part of the conference, I’m delivering a talk on five predictions that every procurement professional should consider. These aren’t so much “predictions”, as opportunities that procurement professionals should become aware of, and educate themselves on.

Procurement Analytics 60

Procurement Analytics Predictive Analytics Predictive Analytics Software Optimal Sourcing 60

Supply Chain Shaman

MARCH 12, 2019

This team was working on quality improvements and found that the flows crossed 117 disconnected documents in access, excel, and google analytics. In my experience, usually only 1/3 of data needed for visibility is transactional data. Indirect procurement has little to do with direct material management.

Prescriptive Analytics Software 178

Prescriptive Analytics Software Manufacturing Procurement Procurement Analytics Analytics Software 178

NC State SCRC

AUGUST 31, 2024

Most of the activity that occurs behind the scenes at all stages of the supply chain involves human activity, processing transactions on screens and Excel sheets. It excels in routine decisions and operations management, ensuring stability and consistency in procurement processes.

Supply Chain Planning Software 52

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

NC State SCRC

MAY 4, 2022

Price analysis is a subject that is often overlooked in supply chain education, (although it is certainly a big part of our chapter on Strategic Cost Management in Purchasing and Supply Chain Management ). Even if the category manager had time to do it, I want them to be more strategic in their focus.”.

Purchasing Skills 59

Purchasing Skills Analysis Optimal Sourcing Procurement Solutions 59

Supply Chain Game Changer

NOVEMBER 16, 2022

Why Procurement Transformation Can Fail! The duties of procurement managers are diverse, ranging from creating solicitations to collaborating with vendors. The importance of digital procurement is increasing rapidly. Along with cost savings, procurement managers are focusing on optimizing and automating processes.

Optimal Sourcing 19

Optimal Sourcing Procurement Analytics Manufacturing Procurement Supply Chain Software 19

Supply Chain Shaman

SEPTEMBER 28, 2012

That is the role of marketing or sales or procurement. Yes, I believe that supply chain overlays on top of the sales and marketing organizations and the procurement function. We have let buy- and sell-side transactional relationships erode value. “ I scratch my head. This has made the supply chain more fragile.

Pricing Training 262

Pricing Training Supply Chain Design Software Waste Reduction Purchasing Training 262

Supply Chain Shaman

SEPTEMBER 30, 2012

They excel in the four Ps of marketing. In contrast, a market-driven organization connects bidirectionally market-to-market to orchestrate the signals to shape demand and mitigate risk (buy-side to sell-side and back). The ends of the supply chain–both in customer and procurement– are fragile. Absolutely!

Supply Chain Design Software 287

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Network Software 287

Supply Chain Shaman

JUNE 16, 2014

The older tools from CAPS Logistics, SNO from Oracle, and Manugistics Network Planning are giving way to new technologies like the Logictools product (purchased from IBM), the Solvoyo product for concurrent planning, the Quintiq technology for concurrent optimization, and the Llamasoft technology platform for optimization and simulation.

Supply Chain Design Software 287

Supply Chain Design Software Network Design Software Supply Chain Planning Software Supply Chain Network Software 287

Supply Chain Shaman

MARCH 3, 2018

Through digital marketing, small brands are cropping up all over, and it is sentiment analysis and digital content driving purchases. ” A supply chain leader from GE at another conference said, “Yesterday, we called it big data. Now it is just data. It is not sufficient to just digitize data.

Supply Chain Design Software 152

Supply Chain Design Software Manufacturing Procurement Network Design Software Supply Chain Planning Software 152

AFFLINK

OCTOBER 10, 2018

No longer are supply chain managers just product procurers: they now have a tremendous amount of responsibility. It's not enough to just buy supplies as the need arises: companies need to be able to anticipate their own needs. Career Options in Procurement and Sourcing. Career Options in Planning.

Supply Chain Planning Software 54

Supply Chain Planning Software Supply Chain Software Purchasing Skills Optimal Sourcing 54

SCMDOJO

APRIL 4, 2023

Importance of Supply Chain Analytics Five Types of Supply Chain Analytics Benefits of Supply Chain Analytics Challenges in Implementing Supply Chain Analytics Supply Chain Analytics System Architecture Role of Big Data What is Supply Chain Analytics? It is an essential element of supply chain management.

Prescriptive Analytics Software 111

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

ThroughPut

MAY 16, 2024

Powered by data analytics and advanced technologies, every stage of the supply chain can be critically analyzed, starting from procurement to distribution to identify and prioritize improvement opportunities. This opens up avenues to save procurement, transportation, inventory, and warehousing costs.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Optimization Optimization Software Modeling 52

Enterra Insights

SEPTEMBER 29, 2021

… Consumer purchases and decisions will increasingly be voice-driven and machine-augmented, with companies’ relationship with customers machine-to-machine, values-based and digital-first.” Wong and Steinberg report, “Change in consumer demand is accelerating. ” Second, climate change is having an impact.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Planning 130

Supply Chain Movement

JANUARY 11, 2016

Procurement. Purchasing. Our focus for 2016 is: Transformation – Information technologies, understanding big data, and digital supply networks are pushing supply chain management to new levels of efficiency. Our members include: VPs/Directors/Group Heads in: Supply Chain. Operations. Supply Chain Quality.

Supply Chain Design Software 60

Supply Chain Design Software Sourcing Strategies Supply Chain Strategy Supply Chain Design 60

Kinaxis

OCTOBER 25, 2017

For example, we wrote recently about how Amazon’s purchase of Whole Foods Market represents more than a new stream of brick and mortar business, but the possibility of improving its last mile delivery – the so-called “Holy Grail of Logistics,” and therefore gaining a further leg-up over its eCommerce competitors in the grocery category.

Supply Chain Planning Software 111

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain 111

Elementum

FEBRUARY 7, 2024

It’s a strategic reimagining of business models and processes, powered by cloud computing, big data analytics, and AI, making businesses more adaptive, responsive, and customer-focused than ever before.

Optimal Sourcing 78

Optimal Sourcing Optimization Software Modeling Prescriptive Analytics Software 78

Supply Chain Game Changer

JUNE 2, 2020

As an experienced business professional, he has served in diverse roles ranging from Marketing and Strategy, to Procurement and Supply Chain. Several articles and reference books have highlighted Joe’s procurement transformation accomplishments at Lucent Technologies, Juniper Networks, and in the area of Supply Chain Risk Management.

Sourcing Strategies 61

Sourcing Strategies Material Savings Price Reduction Cost Reduction Strategies 61

Supply Chain Game Changer

NOVEMBER 23, 2018

Argentus is a boutique recruitment firm focused on Supply Chain and Procurement. Why This Might Be a Fallacy: According to Banker, Blockchain doesn’t solve the “garbage in, garbage out” problem that goes along with big data. Fallacy 5: Companies who have functional excellence will always win. Check out Supply Chain 4.0!

Manufacturing Procurement 49

Manufacturing Procurement Supply Chain Planning Software Purchasing Skills Supply Chain Software 49

Procurement Academy

AUGUST 31, 2021

It is an approach concentrating on your customer’s buying trends, searches, and demographic features and places the product nearer to them by predicting their requirements before they do, as Amazon is currently doing, putting the product required more closely to the consumer in advance. Predictive Logistics is there to support you.

Supply Chain Planning Software 95

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Logistics Network Optimization Software 95

Supply Chain Shaman

DECEMBER 13, 2015

We can connect through EDI, but a document has latency and limitations for unstructured data. Today, 7% of order and purchase order flows move through business networks. Lora thinks that we are never too old to learn or to push for excellence. For access to the report on business networks reference this r eport.

Manufacturing Procurement 150

Manufacturing Procurement Procurement Analytics Supply Chain Network Software Procurement Solutions 150

ThroughPut

APRIL 6, 2020

It goes beyond just maximizing the overall supply chain performance in terms of material delivery excellence. Managing inventory is one of the most crucial aspects of supply chain optimization as it affects several other parts of your supply chain, including procurement, order fulfilment and production planning. Inventory control.

Optimal Sourcing 59

Optimal Sourcing Optimization Software Supply Chain Planning Software Supply Chain Design Software 59

Supply Chain Game Changer

NOVEMBER 24, 2018

Argentus is a boutique recruitment firm focused on Supply Chain and Procurement. As a result of technology and big data providing insights about every stage of the supply process, the Supply Chain profession has taken off. Whereas different Supply Chain functions used to be siloed (planning, operations, procurement, etc.),

Supply Chain Planning Software 48

Supply Chain Planning Software Supply Chain Planning Manufacturing Procurement Supply Chain Software 48

Logistics Bureau

NOVEMBER 16, 2020

It touches many departments, from production, procurement, shipping, accounting, and finance to marketing, warehousing, research and development, and sales. For example, a member of the sales team could apply to become a purchasing agent, based on her experience of negotiating sales deals. Why Choose a Job in the Supply Chain Industry?

Supply Chain Planning Software 97

Supply Chain Planning Software Supply Chain Design Software Negotiating Skills Buyer Training 97

ThroughPut

APRIL 2, 2020

It goes beyond just maximizing the overall supply chain performance in terms of material delivery excellence. Managing inventory is one of the most crucial aspects of supply chain optimization as it affects several other parts of your supply chain, including procurement, order fulfillment, and production capacity planning.

Optimal Sourcing 52

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

Infosys Supply Chain Management

NOVEMBER 1, 2011

Sourcing & Procurement. Cloud & Big Data. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. Business Process Outsourcing. Customer Service. Finance & Accounting. Human Resources. Product Categories. Banking Suite. Customer Service. Digital Commerce. Digital Marketing.

Eliminating Excel in Purchasing 30

Eliminating Excel in Purchasing Supply Chain Planning Software Agile and Lean Supply Chain Supply and Demand 30

IQMS

NOVEMBER 29, 2018

Manufacturers who excel at orchestrating analytics, Business Intelligence (BI), quality management and real-time monitoring to improve manufacturing strategies are growing 10% faster than their peers. With the advanced analytics spending predicted to grow from $136B in 2016 to $232B in 2021 , attaining an 11.3%

Manufacturing Procurement 102

Manufacturing Procurement Procurement Analytics Trends Manufacturing 102

Infosys Supply Chain Management

DECEMBER 18, 2012

Sourcing & Procurement. Cloud & Big Data. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. First, consumers have clearly stepped-up their preferences towards online channels as the preferred buying option. Increases in online buying reflected double-digit growth rates.

Eliminating Excel in Purchasing 26

Eliminating Excel in Purchasing Supply Chain Planning Software Optimal Sourcing Agile and Lean Supply Chain 26

Talking Logistics

DECEMBER 11, 2014

And its technology assets too, like the Kiva robots Amazon purchased [in 2012] and the data centers that power its cloud computing services. Big Data and Analytics for Oil and Gas Transportation. It’s the promise of Big Data, Business Intelligence, and Analytics. Robinson Acquires Freightquote.

Predictive Analytics Software 205

Predictive Analytics Software Supply Chain Design Software Logistics Network Optimization Software Predictive Analytics 205