Precoro

MARCH 27, 2025

According to McKinsey & Company, procurement accounts for 50% to 80% of a company’s cost base. That’s why organizations zero in on strategies to achieve procurement cost reduction.    The key thing to remember is that cost reduction in procurement isn’t just about slashing expenses.

Cost Reduction Strategies 45

Cost Reduction Strategies Price Reduction Expense Reduction Vendor Strategies 45

Supply Chain Shaman

SEPTEMBER 13, 2023

I know that your primary focus is procurement. Is a comparison of COV of channel demand versus orders sufficient? Or a similar comparison of customer orders or planned 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 384

Supply and Demand Supply Chain Planning Software Modeling Demand Planning 384

ivalua

MAY 15, 2022

Part I: Bridging the Gap between Procurement and Finance. To achieve their long-term goals, they needed to bridge the gap between their procurement and finance teams. . The gap between procurement and finance is also a factor to consider that creates additional complexity. A New Vision for Amrest. Where to begin?

Procurement Solutions 130

Procurement Solutions Procurement Analytics Procurement Modeling Software 130

ivalua

MAY 15, 2022

Part I: Bridging the Gap between Procurement and Finance. To achieve their long-term goals, they needed to bridge the gap between their procurement and finance teams. . The gap between procurement and finance is also a factor to consider that creates additional complexity. A New Vision for Amrest. Where to begin?

Procurement Solutions 130

Procurement Solutions Procurement Analytics Procurement Modeling Software 130

Supply Chain Shaman

AUGUST 12, 2020

Total cost analysis is more difficult than it sounds and most technology implementations automated functional measurement systems (manufacturing or procurement), but leave the organization blind on the management of total costs. Methodology Comparison. Comparison of the Gartner Supply Chain Top 25 and the Supply Chains to Admire.

Gartner 243

Gartner Supply Chain Software Procurement Analytics Manufacturing Procurement 243

Supply Chain Shaman

SEPTEMBER 17, 2014

While the performance rankings were based on comparisons of inventory turns, operating margin and Return on Invested Capital (ROIC) for the periods of 2006-2013 and 2009-2013, the concept is that to be a supply chain leader you must outperform and drive improvement. Can you help us with what you see in the data?” ” Yes, I said.

Optimal Sourcing 302

Optimal Sourcing Supply Chain Design Software Supply Chain Planning Software Manufacturing Procurement 302

SCMDOJO

SEPTEMBER 19, 2024

As a procurement officer, you’ve possibly been in the crosshairs of debate between sourcing locally and regionally versus from low-cost countries endorsed by many executive staff and boards of directors. Every time I was requested to have a target percentage of our purchases from low-cost countries I felt a pit in my stomach.

Purchasing Skills 98

Purchasing Skills Price Reduction Modeling Manufacturing Procurement 98

Supply Chain Shaman

NOVEMBER 11, 2020

For comparison, JDA had $2B in debt with a minority investment by Blackstone Partners in 2016. Coupa is well funded and performed well in the indirect procurement software market. There is tension within organizations: the move from procurement as a self-serving function to enabling effective trading partner flows.

Supply Chain Design Software 302

Supply Chain Design Software Procurement Solutions Manufacturing Procurement Supply Chain Planning Software 302

The Logistics & Supply Chain Management Society

AUGUST 20, 2020

Procurement. Procurement can also have RPA do dynamic searches of websites to source or conduct market research for future buys and tenders. 3. Price Lookup and Comparison. RPA can routinely search for pricing data on specified materials and structure this data in a way that makes conducting comparisons easier.

Supply Chain Software 246

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

Talking Logistics

JUNE 30, 2015

In the last decade, many companies, especially those with manufacturing operations, have evolved direct materials sourcing from an administrative function to a strategic procurement process. As a strategic process, transportation procurement may still seem very tedious and challenging. Allow carriers some flexibility in bidding.

Negotiating Skills 100

Negotiating Skills Manufacturing Procurement Procurement Material Savings 100

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.

Pricing Training 98

Pricing Training Procurement Solutions Procurement Analytics Purchasing Training 98

Exiger Perspectives

MARCH 25, 2025

25, 2025 – Exiger , the market-leading supply chain and third-party risk AI company, is a top-ranked vendor in Spend Matters 2025 SolutionMap and TechMatchSM procurement technology rankings, which include over 100 procurement technology vendors. See membership comparisons and details here.

Procurement Solutions 52

Procurement Solutions Supply Chain Software Procurement Analytics Vendor Strategies 52

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 93

Optimal Sourcing Manufacturing Procurement Purchasing Skills Procurement Solutions 93

Supply Chain Game Changer

AUGUST 30, 2022

Many businesses use some form of Total Cost of Ownership model to support their Procurement and sourcing decisions. The normalization of these various factors will result in some “score” for each factor which, when totalled, will give a summary score allowing for the ranking of suppliers for the purpose of comparison.

Optimal Sourcing 103

Optimal Sourcing Purchasing Skills Manufacturing Procurement Negotiating Skills 103

SCMDOJO

DECEMBER 29, 2024

This comprehensive comparison will examine the key aspects of these platforms, enabling you to decide which best suits your career goals. These courses cover essential topics, from supply chain management fundamentals to specialized areas such as logistics, procurement, and sustainability.

Course 98

Course Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 98

Logistics Viewpoints

NOVEMBER 25, 2024

In 2017, a strategy consultant was hired to do a top-to-bottom assessment of the Boston University procurement program. Randall Moore was hired as the new chief procurement officer in May. Facilities sourcing and construction contracting were centralized in the procurement department. They recommended a change in leadership.

Boston 293

Boston Purchasing Skills Sourcing Strategies Sourcing 293

Freightos

SEPTEMBER 14, 2022

While high, the shipping costs typically paled in comparison to the lost sales due to inventory shortages. Changing Trends in BCO Air Cargo Procurement. During the peak of the ocean freight congestion, in September 2021, ocean freight rates reached well over $20,000 for China – US West Coast shipping. Signup Now.

Logistics 156

Logistics Cargo Comparison Freight 156

Logistics Viewpoints

MARCH 17, 2022

A utomation: Digital workflows, including internal and external data integration, master data diagnostics, forecasting, replenishment, procurement, extending all the way to fulfillment and transportation planning, can immensely improve planner productivity and speed of decision-making. This is also referred to as “composability.”

Supply Chain Planning Software 331

Supply Chain Planning Software Forecasting Software Analytics Software Supply Chain Network Software 331

Supply Chain Shaman

DECEMBER 28, 2020

Days of Inventory Comparison. In short, his vision of an end-to-end supply chain was transactional: better processing of order-to-cash and procure-to-pay. Only four percent of companies compared to their peer groups improved balance sheet performance of growth, operating margin, and inventory turns.

Supply Chain Planning Software 418

Supply Chain Planning Software Forecasting Forecasting Software Modeling 418

SCMDOJO

APRIL 3, 2022

Procurement specialists can use eAuctions to engage and negotiate with more vendors utilizing an organized approach which thus eliminates any need for cumbersome one-on-one meetings. Throughout a genuine and collaborative cooperation with business vendors, they produce innovative approaches to current procurement difficulties.

Vendor Strategies 141

Vendor Strategies Negotiating Skills Price Reduction Purchasing Skills 141

Supply Chain Game Changer

NOVEMBER 27, 2018

Argentus is a boutique recruitment firm focused on Supply Chain and Procurement. Check out What Exactly Is Procurement? We thought we’d take it upon ourselves to do a summary-style Infographic that highlights some of the core differences between what’s considered “Purchasing” and what’s considered “Procurement.”

Purchasing Skills 68

Purchasing Skills Procurement SCM Comparison 68

Supply Chain Shaman

SEPTEMBER 23, 2016

With this in mind, in this blog, I make an argument that we, as supply chain leaders, have screwed up direct material procurement. My goal is to have supply chain leaders consider a procurement redesign for 2017. As shown in Figure 1, roughly one in two supply chain organizations have responsibility for procurement.

Material Savings 150

Material Savings Manufacturing Procurement Optimal Sourcing Vendor Strategies 150

ivalua

APRIL 28, 2022

This year’s study – the 5th Annual – delves deeper into some of these areas and provides a current analysis, and in some cases, comparison for several of these critical data issues. View the report HERE. Would you like to see the report come to life?

Government 130

Government Quality Supply Chain Software Data 130

MIT Supply Chain

MARCH 2, 2021

Identifying key strengths in procurement and management in high-impact countries will support a fast improvement that may boost economic growth in the region. An international transportation comparison with qualitative coding The TTPI gives a country an overall rating on a scale of 1–4. including owner-operators.

Comparison 52

Comparison America Transportation Colombia 52

Supply Chain Game Changer

JANUARY 9, 2019

Procurement, or Purchasing, is an area of Supply Chain that involves and requires very specific skills and expertise. Regardless of your position or situation it is highly valuable to understand the type of interview questions, and answers, appropriate for Procurement and Purchasing professionals. It can appear useless.

Procurement Analytics 68

Procurement Analytics Manufacturing Procurement Procurement Solutions Purchasing Skills 68

Supply Chain Shaman

JUNE 1, 2022

Comparison of Business Results to Peer Group of the 2022 Gartner Top 25 Winners. As a result, the river of demand becomes dirty and turbulent as demand flows through the organization to procurement. Each plan operates on its own island, and procurement and contract manufacturing are isolated. Is this leadership? I think not.

Supply Chain Planning Software 195

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Scenario Planning 195

TransAudit

MARCH 25, 2025

Data-Driven Decision-Making in Freight Procurement Advanced Transportation Management Systems (TMS) enable: Carrier vetting and rate comparison. High-density storage solutions that maximize warehouse space and reduce operational costs. Automated fulfillment centers designed for faster order processing and shipping.

Supply Chain Network Software 67

Supply Chain Network Software Optimal Sourcing Network Optimization Material Savings 67

Procurement Academy

OCTOBER 25, 2021

This wider focus is known as ESG , environmental, social, and governance, and for procurement and supply chain functions, ESG’s wider focus brings challenges. How should a procurement function regard a supplier with fewer green credentials, but a better performance when it comes to social responsibility? Choices, choices, choices.

Price Reduction 98

Price Reduction Inventory Reduction Buyer Training Procurement 98

Freightos

JANUARY 25, 2024

Aimee Loshinsky January 25, 2024 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo In Freightos Q4 2023 KPI press release , we announced that the company surpassed one million bookings across the platform in 2023.

Logistics Network Optimization Software 317

Logistics Network Optimization Software Negotiating Skills Optimization Software Cargo 317

Logility

APRIL 2, 2020

However, if lead times tend to be very short for some suppliers and longer for others, an average will generate an irrelevant basis of comparison. Building a new supplier scorecard program can have a major impact on the costs and value of your procurement and purchasing functions. In this case, calculate percentile ranks.

Negotiating Skills 157

Negotiating Skills Supply Chain Planning Software Supply Chain Design Software Purchasing Skills 157

EC Sourcing Group

DECEMBER 29, 2020

Procurement software covers a lot of bases, and there are many facets to procurement management that could potentially be streamlined and automated if you haven’t done so already. Every procurement and purchasing department is different, and thus, everyone has a different set of needs and standards. Have inventory management.

Procurement Solutions 52

Procurement Solutions Inventory Management Software Analytics Software Modeling Software 52

Unleashed

JANUARY 8, 2024

Procurement management directly impacts your bottom line, making it a critical component of running a profitable product-based business. In this article, we look at the different stages of procurement management. We’ll also explore project procurement management and the relationship between procurement and supply chain management.

Procurement Solutions 52

Procurement Solutions Pricing Training Purchasing Skills Negotiating Skills 52

EC Sourcing Group

MAY 17, 2023

Spend classification can often go unnoticed, despite its critical influence over successful procurement strategy. Streamlining Procurement Processes: Proper spend classification ensures a structured approach to eSourcing activities.

Optimal Sourcing 52

Optimal Sourcing Negotiating Skills Negotiate Pricing Sourcing Strategies 52

Supply Chain Shaman

NOVEMBER 21, 2018

Outsourcing–procurement, manufacturing and transportation– decreased visibility and increased data latency. Supply Chain Risk Drivers: A Comparison of Risk. Operations complexity coupled with the rise in demand volatility increases corporate risk. Reference Figure 1. The larger the bubble, the greater the risk.).

Supply Chain Planning Software 202

Supply Chain Planning Software Forecasting Software Supply Chain Planning Demand Planning Software 202

SCMDOJO

APRIL 22, 2022

Outsourcing takes place in every service, so much so that the retailers or businesses are not aware from whom a specific part of the product is procured. Streamlining Procurement Operations. To streamline the procurement operations, a critical point is to have 100% transparency from the supplier’s and buyers’ sides.

Supply Chain Planning Software 137

Supply Chain Planning Software Pharmaceutical Supply Chain Software Supply Chain Planning 137

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. Read on to learn how to get started with procurement sourcing solutions and what to look for in software.

Optimal Sourcing 52

Optimal Sourcing Procurement Solutions Procurement Analytics Sourcing Strategies 52

Logistics Bureau

APRIL 4, 2022

Alternatively, you can procure access to a digital freight benchmarking platform. The Pros and Cons of Procuring a Benchmarking Tool. You’ll also need to procure the most suitable platform for your freight benchmarking needs. 3: Choose Your Comparisons Carefully. That’s the first question to ask.

Benchmarking 96

Benchmarking Negotiating Skills Logistics Network Optimization Software Purchasing Skills 96