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Why Procurement Management Tool is a Must for Efficient Purchasing

Precoro

Procurement is a complex and dynamic process involving strategic planning and several stages of execution, from sourcing to paying and reporting. Supply chain management, purchase requisitions and orders, budget management, and three-way matching – all these processes are integral to procurement as a whole.

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The Ultimate Buyer’s Guide for Inventory Management Software

ThroughPut

Or two, your inventory management tools are falling short, despite the cost and effort you and your team put into setting them up and implementing them—failing to deliver the expected ROI. Many try to achieve this through spreadsheets or specialized tools, but mastering inventory control remains a formidable challenge.

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Cloud Procurement: All You Need to Know

Precoro

If you're reading this now, then you’ve probably noticed how outdated traditional procurement systems recede into the past and are replaced by new modern solutions. What is Cloud Procurement? Let's start with a quick definition of cloud computing. Three Categories of Cloud Procurement.

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Crucial MRP Metrics Every Supply Chain Pro Should Know

SCMDOJO

This blog explains The Key MRP Metrics in Supply Chain whcih every supply chain professional in Manufacturing or Distribution Businesses. Supply chain professionals will be familiar with the term Material Requirements Planning (MRP).

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Basics of Software Deployment Options

Supply Chain Insights

Supply Chain Insights has just started a six month Putting Together the Pieces study on demand planning solutions. This report series provides guidance to supply chain leaders in their technology selections. So let’s start with what we’re likely most familiar with, on-premise software. On-Premise.

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Supply Chain as a Service (SCaaS): A Golden Opportunity for the Supply Chain Industry

SCMDOJO

The Supply Chain as a Service (SCaaS) market has experienced significant growth in recent years, with even greater potential ahead. SCaaS is a technology-driven approach to managing supply chains, offering comprehensive end-to-end solutions for businesses. Let’s delve into this emerging concept.

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Finished Goods Inventory: Definition & Formula

Unleashed

It also helps you to manage your supply chain and avoid material waste by tracking how long it takes to produce a product. In accounting, finished goods inventory is the specific number of inventory or manufactured items that you currently have in stock available for customers to purchase.