Remove Currency Remove Inventory Remove Procurement
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Developing Agile Procurement Strategies: Thriving Amid Global Trade Disruptions

Logistics Viewpoints

Theyre feeling the heat most, as sudden trade policy curveballs throw procurement plans into chaos. Traditional procurement, with its long-term contracts and rigid supplier ties, just isnt cutting it anymore. Traditional procurement, with its long-term contracts and rigid supplier ties, just isnt cutting it anymore.

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AI in procurement: Applications, Challenges, and Mitigation Strategies

Precoro

Traditionally, procurement has been a process weighed down by manual tasks, fragmented systems, and endless paperwork. Today, procurement is undergoing a transformation. While procurement teams have long worked to add strategic value, Artificial Intelligence (AI) amplifies their impact.

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How Inventory Management Rescues Supply Chains From Inflation

Clear Spider

Now’s the time for businesses to look back at the strain that rising inflation put on their supply chains and inventory management. In this blog, we’ll explain the impact of rising inflation rates on inventory and supply chain management. Under these conditions, effective inventory management is no longer just beneficial.

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32 KPIs That Drive Inventory Optimization

Silvon Software

Inventory can be a manufacturer’s most important asset. But a large inventory has its own liabilities such as cost to store and insure it, along with the risk of spoilage, theft and damage. The Basics of Inventory Management KPIs. Every inventory KPI needs a clearly defined goal.

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How to Make Your Supply Chain More Resilient

Logistics Bureau

When we talk about building a resilient supply chain, we’re not just discussing having backup suppliers or extra inventory. Typically it involves carrying extra inventory and hiring more workers than absolutely necessary.

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Taking the Hill

Supply Chain Shaman

Financial ratios allow us to analyze performance across the peer group (large against small companies) and across currencies. When companies look at singular metrics (labor costs or inventory), they have moved backwards. We look for year-over-year improvement. We also look for companies that have out-performed their peer groups.

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Procurement Analysis: a Game Changer for Purchasing Strategically

Precoro

With the global market expansion and deepening supply chain complexity, the roles of procurement leaders have evolved from tactical to strategic. Nowadays, procurement departments not only focus on the day-to-day buying operations but also search for the most efficient ways to go about them. Types of Procurement Analytics.