Elementum

FEBRUARY 7, 2024

This integration allows for the automation of straightforward tasks, freeing up resources for more complex processes that require AI’s predictive capabilities and decision-making. Predictive analytics forecast potential disruptions, allowing for proactive measures to minimize delays and enhance customer satisfaction.

Sourcing Strategies 78

Sourcing Strategies Supply Chain Software Optimal Sourcing Predictive Analytics Software 78

Logility

JUNE 15, 2021

For example, an F&B business that supplies perishable goods knows that these goods have a limited shelf life and therefore must accurately project how much to purchase at once. If the business purchases too much, it risks overstocking goods that cannot be sold after they exceed their shelf life. Supply chain data management.

Supply and Demand 146

Supply and Demand Beverage Supply Chain Planning Software Demand Planning Software 146

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

Precoro

JULY 1, 2024

Small companies may also lack the resources to create a dedicated procurement team for proper sourcing and supplier vetting. Group purchasing organizations can be the perfect way for these companies to increase cost savings. Learn how they work, their benefits and limitations, and how they fit in with procurement software.

Purchasing Skills 105

Purchasing Skills Procurement Solutions Procurement Analytics Negotiate Pricing 105

Supply Chain Matters

JUNE 23, 2023

This week, the Council of Supply Chain Management Professionals (CSCMP) , with sponsors Penske Logistics and consulting firm Kearney , released the 34th Annual State of Logistics Report to organization members and the industry as a whole. Background As our readership is likely aware, this report provides a snapshot of the U.S.

Procurement Analytics 40

Procurement Analytics Report Negotiating Skills Purchasing Skills 40

Silvon Software

APRIL 18, 2023

While clearly important in today’s constantly changing business environment, so many companies continue to struggle with how to measure and improve their performance – grappling with questions like: Which metrics really matter? Can we get the right resources needed to collect data for analysis before it’s too old?

Inventory Reduction 64

Inventory Reduction Sourcing Strategies Resource Reduction Material Savings 64

EcoVadis

FEBRUARY 3, 2017

When EcoVadis started in 2007, our customers were pioneers: Sustainable procurement was an esoteric niche. Fast forward 9 years, and you find sustainable procurement is among the top priorities for over 93% of Chief Procurement Officers (CPO), and the demand is getting stronger every year. Destination: Growth!

Procurement Solutions 40

Procurement Solutions Procurement Analytics Optimal Sourcing Sustainability 40

SCMDOJO

MAY 30, 2024

Supply Chain Department – A Typical Structure Decoding the Procurement Department: A Comprehensive Guide to Roles and Responsibilities The Purpose of the Logistics Department Structure A well-structured logistics department is essential for any organization that deals with product movement and delivery.

Optimal Sourcing 72

Optimal Sourcing Pricing Training Logistics Network Optimization Software Inventory Reduction 72

Supply Chain Movement

SEPTEMBER 26, 2016

Global P2P departments are still on the journey towards true touchless end-to-end purchase-to-pay function. There are still obstacles on the way including internal buy-in, poor master data management, supplier behaviour and more. Get experience on Lean and Six Sigma in indirect procurement.

Six Sigma 60

Six Sigma Conference Procurement Analytics Case Study 60

SCMDOJO

MAY 30, 2024

Supply Chain Department – A Typical Structure Decoding the Procurement Department: A Comprehensive Guide to Roles and Responsibilities The Purpose of the Logistics Department Structure A well-structured logistics department is essential for any organization that deals with product movement and delivery.

Optimal Sourcing 52

Optimal Sourcing Logistics Network Optimization Software Pricing Training Inventory Reduction 52

HICX Solutions

APRIL 17, 2019

Many procurement teams today are under tremendous pressure to jump on the digital bandwagon and initiate projects that are glamorous and which contribute to the company’s digital strategy, but which may not connect to procurement’s own needs. Switching procurement from reactive to proactive. As the poet T.S.

Procurement Analytics 40

Procurement Analytics Procurement Solutions Optimal Sourcing Predictive Analytics Software 40

Logistics Bureau

NOVEMBER 16, 2020

It touches many departments, from production, procurement, shipping, accounting, and finance to marketing, warehousing, research and development, and sales. Supply chain management is increasingly making an impact on the overall functioning of the business and influencing C-suite decisions.

Supply Chain Planning Software 96

Supply Chain Planning Software Supply Chain Design Software Negotiating Skills Buyer Training 96

HICX Solutions

OCTOBER 28, 2021

Meanwhile, according to a recent Deloitte study , 45% of Gen Z consumers stopped purchasing certain brands because of ethical or sustainability concerns. Next, a process was introduced whereby all procurement teams could load their data into the product on a monthly basis and report on their activities.

Sustainability 52

Sustainability Optimal Sourcing Procurement Solutions Optimization Software 52

QAD

APRIL 27, 2023

Earlier this year, QAD hosted a live webinar to explore and analyze the trends that are likely to dominate the procurement world over the coming months. It’s no secret that procurement teams have an amplified role within their businesses and that many are left with questions — our goal was to offer answers.

Manufacturing Procurement 97

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 97

SCMDOJO

DECEMBER 18, 2023

Determine average inventory levels as part of the annual stocking procedure, contributing to cost containment through effective inventory management. Optimized Purchasing Procedures: Implement optimized purchasing procedures by identifying fast-selling items, ensuring timely orders, and preventing overstocking of slow-moving products.

Inventory Reduction 64

Inventory Reduction Optimal Sourcing Expense Reduction Vendor Strategies 64

Supply Chain Shaman

NOVEMBER 27, 2016

EDI is too cumbersome, and SAP Ariba’s focus, despite the marketing hype, is primarily on managing indirect spending. (My The SAP acquisition of Ariba slowed innovation and the purchase, and then the failed promise of investment in Crossgate was disappointing to SAP supply chain business users. We are looking for answers.

Supply Chain Design Software 150

Supply Chain Design Software Supply Chain Planning Software Trends Prescriptive Analytics Software 150

GlobalTranz

DECEMBER 29, 2014

Warehouse Metrics to Track to Improve Profitability and Operations : Today’s warehouse managers often accrue massive amounts of performance data, but sometimes find they can apply little of it toward making productivity gains or customer service improvements. Read the Full Post. Download the Webinar Replay. Read the Full Post.

Logistics Network Optimization Software 243

Logistics Network Optimization Software Reverse Logistics Manufacturing Procurement Logistics 243

Supply Chain Game Changer

NOVEMBER 19, 2018

And the reality is that Supply Chain must be cost-effective. Whatever your Industry you should be able to make comparisons to competitors, do benchmarking, and even compare yourself on key metrics across industries. Supply Chain has a central and pivotal role, if not the controlling responsibility, for Cash Cycle management.

Negotiating Skills 84

Negotiating Skills Cost Reduction Strategies Purchasing Skills Inventory Reduction 84

Requis

JANUARY 15, 2021

There is, however, an invisible function within supply chain: asset management. It’s been invisible because, in supply chain, procurement is sexy. Poor old asset management sounds unheroic by comparison. (and Analytics for all. Today, no sales team would want to manage contacts and associated activities any other way.

Asset Management 52

Asset Management Analytics Software Procurement Analytics Demand Planning Software 52

Silvon Software

APRIL 18, 2024

Critical to guiding them through today’s fluctuating markets is the accuracy and actionable intelligence derived from data. Insights gleaned from robust data analytics enable core business areas to identify opportunities for risk reduction, enhance operational efficiencies, and foster strategic initiatives that drive business growth.

Manufacturing Procurement 59

Manufacturing Procurement Procurement Analytics Analytics Software Predictive Analytics 59

Precoro

NOVEMBER 27, 2023

Moreover, with procurement software, it’s also possible to track supplies and approve new purchases anytime, anywhere. Enhanced communication : Specialized software often includes secure messaging features that allow healthcare providers to communicate with each other and patients while maintaining patient data confidentiality.

Procurement Solutions 59

Procurement Solutions Prescriptive Analytics Software Analytics Software Optimization Software 59

Supply Chain Game Changer

JANUARY 5, 2021

Featuring Our 12 Best Procurement Articles! Purchase Price Variance, or PPV, is a common term in the realm of Purchasing/Procurement and Finance. For some, PPV is a mechanical metric only, measured and reported on but without any further attention paid to it. What is Purchase Price Variance (PPV)?

Pricing Training 82

Pricing Training Purchasing Skills Purchasing Training Negotiating Skills 82

ThroughPut

DECEMBER 4, 2022

A report by Acosta, a US-based sales and marketing agency, on grocery store trends for 2021 indicates that 46% of people now use online delivery more than they did before the pandemic. Data-driven forecasting builds accurate information pipelines based on patterns of purchase and forecasts of global trends.

Inventory Reduction 52

Inventory Reduction Resource Reduction Cost Reduction Strategies Sourcing Strategies 52

HICX Solutions

JANUARY 17, 2019

Not surprisingly, high quality, structured data with solid governance for prescriptive and predictive procurement operations is fundamental. Number one is don’t give away governance and technology decisions of purchase to pay (P2P) systems to other functions, such as finance.

Supply Chain Design Software 40

Supply Chain Design Software Predictive Analytics Software Procurement Analytics Procurement Solutions 40

ThroughPut

MARCH 25, 2024

This practice has evolved significantly from its historical roots, largely a game of educated guesses, to today’s data-driven approach that harnesses the power of advanced analytics. Demand forecasting predicts future customer demand using historical data and market analysis.

Forecasting 52

Forecasting Forecasting Software Modeling Demand Planning Software 52

Logility

FEBRUARY 20, 2012

The report provides a cautionary, optimistic view of the coming months saying, “Many unsettled issues are still outstanding […]. ” While the economic climate may be uncertain, many companies realize they have to invest in areas such as supply chain management software to be competitive and profitably grow.

Optimal Sourcing 100

Optimal Sourcing Material Savings Inventory Reduction Expense Reduction 100

HICX Solutions

SEPTEMBER 23, 2020

The high spend generates a huge number of transactions that all create and require ongoing maintenance of data in order to facilitate. There is a corresponding need for accurate supplier data for BI/Analytics. In spite of this, it is frequently not prioritized as highly as other data in the enterprise.

Cost Reduction Strategies 52

Cost Reduction Strategies Purchasing Skills Data Eliminating Excel in Purchasing 52

Xeeva

FEBRUARY 13, 2018

In Gartner’s recent annual report, they discuss their predictions as to what will have a great impact on procurement and sourcing technology in the coming year and how the market will change over time. One thing that is definitely clear – the procurement and sourcing market is evolving quickly as technology continues to advance.

Predictive Analytics Software 40

Predictive Analytics Software Optimal Sourcing Procurement Solutions Procurement Analytics 40

Supply Chain Movement

APRIL 26, 2016

In the last three years we’ve developed our strategy, centralised procurement, purchasing and manufacturing aligned our portfolios across all categories globally and developed our exclusive brands portfolio. 22 | Management: fastest route to profit maximisation causes headaches. 29 | Checklist Freight Spend Management.

Supply and Demand 60

Supply and Demand S&OP Supply Chain Planning Software Supply Chain Software 60

Unleashed

FEBRUARY 8, 2023

James Ewing: Procurement Manager at Renewable Parts Ltd. Darren Glanville: Country Manager UK & EMEA at Fathom – a technology and data-led finance partner that builds and runs smart finance functions. His team rely on Unleashed inventory management software to pull that data and break it down into accessible reports.

Manufacturing Procurement 98

Manufacturing Procurement Supply Chain Planning Software Optimal Sourcing Supply Chain Software 98

Silvon Software

SEPTEMBER 28, 2023

Silvon has noticed over the past several years that a shift towards a modern data hub architecture to support enterprise analytics and reporting has been driven by a number of key business drivers. Once integrated, the data is made “analytics ready” and securely available to users.

Procurement Analytics 105

Procurement Analytics Report Data Optimal Sourcing 105

HICX Solutions

SEPTEMBER 23, 2020

The high spend generates a huge number of transactions that all create and require ongoing maintenance of data in order to facilitate. There is a corresponding need for accurate supplier data for BI/Analytics. In spite of this, it is frequently not prioritized as highly as other data in the enterprise.

Cost Reduction Strategies 52

Cost Reduction Strategies Purchasing Skills Data Eliminating Excel in Purchasing 52

NC State SCRC

DECEMBER 9, 2015

After highlighting some of the results from the IBM study I worked on this past fall on procurement analytics, I introduced Rich Hughes, former Chief Procurement Officer from Procter & Gamble. During this period, spend under management was 50% at best, and there was significant fragmentation in the supply base.

Procurement Analytics 40

Procurement Analytics Optimal Sourcing Manufacturing Procurement Analytics Software 40

Precoro

FEBRUARY 27, 2023

Where should you start when you want to create budgets, cut costs, or forecast future spending? 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. The answer is simple: spend analysis.

Analysis 52

Analysis Purchasing Skills Procurement Analytics Optimal Sourcing 52

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. Metrics such as processing time, error rates, and customer satisfaction levels serve as performance indicators.

Optimal Sourcing 78

Optimal Sourcing Optimization Software Modeling Prescriptive Analytics Software 78

Supply Chain Matters

MAY 31, 2024

What has especially garnered my attention was a report published in The Wall Street Journal’s CIO Journal column , Sorry AI, Old-School Spreadsheets Are Still King. Paid subscription ) The essence of this report is that business organizations continue to rely on spreadsheets, and they are not moving away from the use of these tools.

Supply Chain Planning Software 52

Supply Chain Planning Software Prescriptive Analytics Software Modeling Software Supply Chain Network Software 52

SYSPRO Smarter ERP

DECEMBER 11, 2023

Many renewable energy organizations are missing out on the benefits of ERP software that would allow them to tackle the challenges of data management, improve process efficiency across the organization, and manage projects more effectively. It can track, manage and report the book value and depreciation of fixed assets.

Sourcing Strategies 52

Sourcing Strategies Manufacturing Procurement Optimal Sourcing Supply Chain Planning Software 52