Precoro

OCTOBER 6, 2022

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.

Manufacturing Procurement 80

Manufacturing Procurement Procurement Solutions Procurement Analytics Pricing Training 80

ivalua

MARCH 1, 2022

In late 2021, The Hackett Group asked Procurement Leaders about their strategic priorities and initiatives for the coming year. After a rollercoaster 2021, how do we pivot and plan for a successful Procurement strategy in 2022? . We expect procurement organizations will continue to enhance visibility, agility, and capability. .

Negotiating Skills 130

Negotiating Skills Negotiate Pricing Modeling Software Price Reduction 130

ivalua

MAY 19, 2022

As part of Ivalua’s journey to bridge the gap between Finance and Procurement, Ivalua has partnered with TransferMate to reduce the financial friction within cross-border trade. By combining the high levels of procurement automation in the Ivalua platform with the payment efficiencies found in TransferMate, the result is dramatic.

Cost Reduction Strategies 130

Cost Reduction Strategies Rail Software Optimal Sourcing Sourcing Strategies 130

EC Sourcing Group

MAY 3, 2022

As a procurement professional, you want to develop processes based on strategic sourcing and ensure proper supplier evaluation and selection. Multi-currency capabilities. Reverse auction strategies are a must-have in procurement—in most cases. Before starting the reverse bidding process. Compatible with Excel. Multilingual.

Material Savings 52

Material Savings Price Reduction Optimal Sourcing Waste Reduction 52

NC State SCRC

NOVEMBER 12, 2024

Procurement categories are a grouping of materials or services that have similar supply and usage characteristics to meet business objectives. The latter is typically an n-step process, starting with procurement-led analysis and ending with a preferred supplier contract.

Material Savings 59

Material Savings Sourcing Strategies Optimal Sourcing Price Reduction 59

Supply Chain Matters

MARCH 15, 2024

billion, up 7 percent in both USD and constant currency. billion, up 25 percent in USD, up 24 percent in constant currency. billion, up 14 percent in both USD and constant currency. billion, up 18 percent in both USD and constant currency Q3 NetSuite Cloud ERP (SaaS) Revenue of $0.8

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Predictive Analytics Software Forecasting Software 52

QAD

JULY 18, 2024

For example, it is common to incentivize procurement organizations to lower a product’s purchase price variance. This cost includes the per-unit price of the product itself, freight charges, taxes, import and export duties, insurance premiums, payment processing fees, currency exchange rates and other expenses.

Purchasing Skills 98

Purchasing Skills Cost Reduction Strategies Expense Reduction Material Savings 98

ivalua

JUNE 2, 2016

Niul Burton wrote a great article in Industry Week titled “Procurement 2025: 10 Challenges that Will Transform Global Sourcing”. For those of you who are executives in Supply Chain, Procurement or New Product Introduction/Development, this is a must read. We are not your father’s traditional Procure-to-Pay solution.

Manufacturing Procurement 100

Manufacturing Procurement Procurement Supply Chain Planning Software Predictive Analytics Software 100

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

ivalua

OCTOBER 24, 2021

With this, businesses can unlock new opportunities and innovations by finally closing the cash gap between procurement and suppliers. By paying suppliers on-time, procurement teams can use payments to build strong, reliable, and performance-driven supply chains.

Cost Reduction Strategies 130

Cost Reduction Strategies Expense Reduction Price Reduction Optimal Sourcing 130

NC State SCRC

NOVEMBER 2, 2023

Lessons Learned from a Career in Procurement As part of our weekly Supply Chain Leadership, I interviewed Howard Richman, who I am co-authoring a new book with (“Procurement Confidential”). For example, one woman was trading foreign currencies, and took a strong position on Eurodollar.

Procurement Analytics 52

Procurement Analytics Negotiating Skills Manufacturing Procurement Optimal Sourcing 52

Clear Spider

OCTOBER 21, 2024

Currency Fluctuations: As inflation varies by region, currency fluctuations further complicate international trade. In supply chain management, as inflation makes everything more expensive, businesses struggle to have enough available capital for procurement. This limits a business’s ability to negotiate favorable contracts.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Inventory Management Purchasing Skills 52

Supply Chain Game Changer

SEPTEMBER 3, 2022

If somebody jumps from one currency to another with the hope of finding success but not focusing on the pattern of the study and the activities followed in Bitcoin. The currency system allows the people to uplift and, with complete authority, gives their concentration to express those views in cryptocurrency willingly.

Purchasing Skills 91

Purchasing Skills Currency Price Reduction Supply Chain Strategy 91

ivalua

OCTOBER 24, 2021

With this, businesses can unlock new opportunities and innovations by finally closing the cash gap between procurement and suppliers. By paying suppliers on-time, procurement teams can use payments to build strong, reliable, and performance-driven supply chains.

Cost Reduction Strategies 100

Cost Reduction Strategies Expense Reduction Price Reduction Optimal Sourcing 100

Supply Chain Game Changer

JUNE 14, 2021

Talking about digital currency we hear a lot about Bitcoin and Ethereum. These two remain the popular choices when it comes to choosing digital currency. Both digital currencies are the same in different ways. Digital currencies are seen getting managed the best ways, and it can even be debated. Ethereum Basics.

Currency 52

Currency Supply Chain Network Software Supply Chain Software eBook 52

Procurement Academy

NOVEMBER 24, 2022

Below, I break down what this means for procurement professionals and how they can respond and thrive in this new environment. How can procurement people operate in this brittle environment? Procurement leaders must be aware of the pressures their teams are under, juggling work demands and personal obligations.

Supply Chain Planning Software 52

Supply Chain Planning Software Predictive Analytics Software Buyer Training Supply Chain Network Software 52

EC Sourcing Group

SEPTEMBER 7, 2021

The broader picture beyond procurement is the supply chain, as procurement (or purchasing) is just one step in the supply chain. . As there are many steps in the supply chain, there are many steps in procurement and procurement management. You’re using all the same currency. Read on to learn how. Data cleanup.

Analysis 52

Analysis Material Savings Manufacturing Procurement Supply Chain Software 52

Supply Chain Shaman

FEBRUARY 22, 2021

The forecast provided input for manufacturing to see and manage constraints in the tactical planning horizon and procurement to align with strategic buying. Each group needs customized views in a demand visibility system to help translate mix, volume, and currency in meaningful ways with baseline demand visibility.

Supply Chain Planning Software 208

Supply Chain Planning Software Supply Chain Planning S&OP Scenario Planning 208

EC Sourcing Group

NOVEMBER 1, 2023

In the ever-evolving landscape of manufacturing procurement , data plays a pivotal role in ensuring efficiency, cost-effectiveness, and strategic decision-making. However, global manufacturing businesses often face a unique set of data challenges that can hinder their procurement processes. Simfoni’s Spend Analytics 2.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Procurement Analytics Software 52

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. A: Global freight is both international and incredibly complex.

Logistics Network Optimization Software 317

Logistics Network Optimization Software Negotiating Skills Optimization Software Buyer Training 317

Claritum

AUGUST 15, 2019

Claritum Article - Procurement Blog. Essential is to get the right specialist procurement technology in place. That is a specialist procure to pay solution built specifically to address this domain. different currencies and languages. Introduction. The benefits of purchasing promotional products. 1 Introduction.

Procurement Solutions 32

Procurement Solutions Optimal Sourcing Purchasing Skills Sourcing Strategies 32

Supply Chain Game Changer

APRIL 29, 2022

Financial backers are prescribed to invest their effort and cash into the digital bitcoin currency since electronic cash has a high worth in exchanges. With the help of the limiting impact of the bitcoin and advanced currency market, people are getting progressively advantaged today. The State of Bitcoin.

Expense Reduction 82

Expense Reduction Cost Reduction Strategies Resource Reduction Currency 82

Supply Chain Matters

JANUARY 24, 2024

For the SAP S/4 HANA Cloud segment, total backlog was reported as €5 billion, up 61 percent in constant currencies. billion at constant currencies, an increase of between 24 percent to 27 percent, compared to €13.7 billion at constant currencies in 2023. billion at constant currencies in 2023. billion to €7.9

SAP 52

SAP Report Supply Chain Planning Software Predictive Analytics Software 52

EC Sourcing Group

JULY 5, 2022

The process of spend analysis has specific goals of efficiency and saving money by increasing visibility into spend, which can decrease overall procurement costs. is vital to procurement and the supply chain. They can help automate your process and streamline procurement and eSourcing. Some include: Licensed software.

Analysis 52

Analysis Analytics Software Supply Chain Design Software Supply Chain Planning Software 52

ivalua

DECEMBER 18, 2019

Master supplier data doesn’t just matter to Procurement. It plays a role in a number of necessary business functions and is a key enabler of automation throughout the Procure-to-Pay (P2P) process. Inside the modern enterprise, a variety of groups use supplier master data, including not just Procurement, but also: . Operations.

Optimal Sourcing 130

Optimal Sourcing Data Management Procurement Vendor Strategies 130

QAD

AUGUST 3, 2022

Many manufacturers use these systems to automate tasks like accounting and procurement, project management, customer relationship management, risk management, compliance and supply chain operations. They’re designed to handle internationalization issues, like currency, language, alphabet, postal code, accounting rules and more. .

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Forecasting Software Optimization Software 52

EC Sourcing Group

DECEMBER 28, 2021

Underneath the umbrella of supply chain management are procurement and the sourcing of goods and materials. Spend management tools that are in your procurement or sourcing suite can help you make informed decisions. We want to help you reimagine the way you look at procurement. 5 Things to Look for in eSourcing Software.

Analytics Software 52

Analytics Software Optimization Software Supply Chain Software Optimal Sourcing 52

EC Sourcing Group

DECEMBER 28, 2021

Underneath the umbrella of supply chain management are procurement and the sourcing of goods and materials. Spend management tools that are in your procurement or sourcing suite can help you make informed decisions. We want to help you reimagine the way you look at procurement. 5 Things to Look for in eSourcing Software.

Analytics Software 52

Analytics Software Optimization Software Supply Chain Software Optimal Sourcing 52

Bristlecone

JANUARY 15, 2021

Organizations procure a wide variety of consumables, goods and services to run their day-to-day operations. All currencies of general ledger accounting are supported. Palle, Principal, Global Practices, DiSC Execution, Bristlecone. On delivery, invoicing and payment for the products or services rendered can pose quite a challenge.

SAP 52

SAP Procurement Solutions Purchasing Skills Currency 52

Logility

AUGUST 23, 2021

IBP enables all stakeholders to create a well-rounded plan by leveraging a multitude of collaborative, cross-functional processes and a blend of volumetric and financial data from sales, marketing, production, procurement, transportation, and finance.

Supply Chain Software 130

Supply Chain Software Supply Chain Planning Software Optimal Sourcing Supply Chain Design Software 130

Precoro

JANUARY 16, 2023

Spend management allows for efficient sourcing and procurement, regulated expenses, timely registration of spontaneous purchases, and a reduction of fraud and errors. In other words, it happens within the company’s defined procurement cycle. Unmanaged spend , on the other hand, happens outside of the procurement cycle.

Procurement Solutions 77

Procurement Solutions Negotiating Skills Purchasing Skills Expense Reduction 77

Precoro

SEPTEMBER 2, 2024

E-invoicing module as part of a comprehensive tool Some procurement, accounting, and ERP software solutions incorporate e-invoicing functionality as part of their broader suite of modules. Procurement managers and AP specialists can often identify and correct these errors, but doing so requires extra administrative effort and time.

Procurement Solutions 45

Procurement Solutions Modeling Software Supply Chain Network Software Supply Chain Planning Software 45

QAD

APRIL 5, 2022

From integrated multi-currency, multi-GAAP and multi-entity financials to best practice purchasing, and from shared services to real-time data and flexible data analytics, QAD’s Effective Enterprise Management capabilities ensure that manufacturers operate from a trusted set of essential enterprise processes that meet today’s and tomorrow’s needs.

Manufacturing Procurement 98

Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software Purchasing Skills 98

Supply Chain Game Changer

AUGUST 16, 2022

Before putting your energy and cash in the exchanging and trade stage, you are recommended to procure capacity with the standards and rules of the business stage. It doesn’t impact whether you are new to the mechanized currency market or an expert transporter. Why utilize a high-level money wallet?

Resource Reduction 109

Resource Reduction Expense Reduction Electronics Supply Chain Planning 109

NC State SCRC

MARCH 15, 2016

Jason Busch provided a great view on Block Chains, and their impact on the future of funds in the supply chain, at the Global Procurement Tech Summit in Baltimore. Barter system led to commodity currencies. But eventually the gold standard behind paper money wouldn’t scale and so we moved to fiat currency. Who has it?

Currency 40

Currency Forecasting Forecasting Software Sourcing Strategies 40

Precoro

APRIL 24, 2023

It occurs when employees bypass the standard procurement process while making unauthorized purchases, and it often results in higher costs and reduced visibility into spending. Instead, we recommend using specialized tools, such as procurement software with a supplier portal like Precoro.

Supply Chain Design Software 52

Supply Chain Design Software Procurement Solutions Supply Chain Network Software Demand Planning Software 52

Precoro

FEBRUARY 27, 2023

After all, a clear picture of the company's procurement process is necessary to develop a sustainable future strategy and to avoid pitfalls that hold your business back. Spend analysis involves spend visibility , spending review , and procurement process improvement. The answer is simple: spend analysis. is necessary.

Analysis 52

Analysis Purchasing Skills Procurement Analytics Optimal Sourcing 52