Logility

MAY 25, 2022

Manufacturing capacity is severely diminished. Now more than ever, the conventional silos of planning, sourcing, and procurement teams must be connected into one cohesive network. without tracking down a specific spreadsheet, document, or disparate application ? Factories run the risk of closing without advanced notice.

Optimal Sourcing 130

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

Supply Chain Game Changer

MARCH 9, 2022

Featuring Our 12 Best Procurement Articles! Procurement operations are the backbone of every company’s supply chain. Fundamental to procurement is the acquisition of goods and services from a party that’s further up the supply chain. This document is the first legal contract in the operational procurement process.

Optimal Sourcing 108

Optimal Sourcing Manufacturing Procurement Procurement Solutions Procurement Analytics 108

SCMDOJO

APRIL 20, 2023

If you’re eyeing a role as a Procurement Manager (or are looking to hire one), you’re in the right place! As a procurement Manager, you’ll play a crucial role in overseeing the purchasing and procurement process for a company or organization, making sure they get the best bang for their buck.

Negotiating Skills 116

Negotiating Skills Optimal Sourcing Procurement Analytics Manufacturing Procurement 116

Unleashed

JUNE 4, 2024

The procurement processes you implement directly impact how efficiently the business operates. Conversely, the consequences can be disastrous if procurement lacks the right structure or planning. What is a procurement process? Strategy is extremely important in the procurement process. Let’s dive right in.

Procurement Solutions 52

Procurement Solutions Manufacturing Procurement Optimal Sourcing Procurement Analytics 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 98

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 98

Precoro

SEPTEMBER 2, 2022

For some businesses – usually smaller or with a single-source purchasing flow – it may be sustainable to react to the immediate needs. However, growing organizations that face increasing complexity recognize the value of thoughtfully-planned and managed procurement. Office supplies would be an example of indirect procurement.

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Manufacturing Procurement Procurement Solutions Procurement Analytics Optimal Sourcing 78

Precoro

AUGUST 14, 2023

More and more companies are acknowledging the importance of centralizing and optimizing their procurement operations. One of the ways to accomplish this is to establish a procurement team to streamline ordering by centralizing purchases and improving supplier relations. What are the duties of a procurement manager?

Negotiating Skills 74

Negotiating Skills Purchasing Skills Buyer Training Procurement Solutions 74

SYSPRO Smarter ERP

AUGUST 2, 2023

As members of one of the most highly regulated industries in the world, medical device manufacturers face numerous challenges. From stringent quality standards to comprehensive documentation requirements, Class 1 and 2 manufacturers must navigate a complex landscape to ensure compliance and product excellence.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Analytics Analytics Software Optimal Sourcing 98

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 63

Optimal Sourcing Manufacturing Procurement Purchasing Skills Procurement Solutions 63

SCMDOJO

DECEMBER 14, 2023

In the global world of businesses, companies often seek help from sourcing agencies to figure out how to get the things they need. But what’s a sourcing agency or sourcing agent and how does it make buying things easier? Let’s explore this world of sourcing agencies and understand what they do.

Purchasing Skills 104

Purchasing Skills Optimal Sourcing Negotiating Skills Sourcing Strategies 104

QAD

JANUARY 24, 2023

It is no secret that procurement executives are constantly seeking innovative ways to maximize efficiency and address unexpected supply disruptions. However, procurement is evolving into much more than the most cost effective option since the cheapest option often involves real world atrocities like child and forced labor.

Manufacturing Procurement 98

Manufacturing Procurement Supply Chain Software Optimal Sourcing Procurement 98

Logistics Viewpoints

AUGUST 15, 2022

GEP and the North Carolina State University (NCSU) Supply Chain Resource Cooperative surveyed supply chain, procurement and IT professionals across a range of industries to gain insight into their priorities and strategies regarding supply chain resilience and optimization. Procurement solutions are often updated with purchased information.

Supply Chain Network Software 246

Supply Chain Network Software Manufacturing Procurement Procurement Analytics Optimal Sourcing 246

Precoro

NOVEMBER 13, 2023

One of the ways that procurement teams improve this figure is by tracking and improving the purchase price variance (PPV) metric. In this article, we'll explain what PPV is, why it matters, and how tracking this metric can benefit your procurement processes. Why Is Purchase Price Variance Important?

Purchasing Skills 83

Purchasing Skills Procurement Analytics Negotiating Skills Negotiate Pricing 83

ModusLink Corporation

NOVEMBER 30, 2021

The introduction of E-Procurement: Price and availability are not the only factors to be considered in a purchasing decision, especially now that a strong supply chain has become an unmissable element for every company in today’s business climate (Namulo, 2017).

Manufacturing Procurement 78

Manufacturing Procurement Procurement Solutions Optimal Sourcing Negotiating Skills 78

SCMDOJO

JULY 18, 2023

Contract management plays a crucial role in the procurement process, as it helps ensure compliance, mitigate risks, and optimize supplier relationships. By effectively managing contracts, organizations can maximize the value of their procurement activities and minimize potential issues.

Optimal Sourcing 98

Optimal Sourcing Procurement Analytics Manufacturing Procurement Procurement Solutions 98

Unleashed

JUNE 8, 2023

Behind every successful product business is a thoughtful procurement strategy designed to optimise the supplier management and purchasing process. This guide answers exactly what is procurement, how procurement works in a business , and which tools and strategies lead to supply chain success.

Procurement Solutions 52

Procurement Solutions Sourcing Strategies Vendor Strategies Material Savings 52

EC Sourcing Group

NOVEMBER 1, 2022

Top 5 RFP Solutions for Manufacturing. The manufacturing industry has unique needs when it comes to purchasing. As an essential part of the global economy and a key driver of job growth, manufacturing organizations must find the best ways to stay competitive and increase efficiency. Engagement analytics.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Solutions Analytics Software Supply Chain Software 52

ToolsGroup

SEPTEMBER 20, 2022

Automation is at the center of modern manufacturing businesses, with companies exploring the possibilities of artificial intelligence in improving workflows and profitability. Industrial engineers incorporate these technologies in designing and fabricating advanced manufacturing systems. How AI Is Changing the Manufacturing Industry.

Manufacturing Procurement 156

Manufacturing Procurement Supply Chain Design Software Optimal Sourcing Supply Chain Planning Software 156

QAD

JULY 13, 2023

If food manufacturers want to stay ahead of the competition today and into the future, they have to leverage advanced tools and systems that can optimize processes and deliver real-time insights. By migrating to a cloud-based ERP system, food manufacturers can streamline and automate various processes, leading to increased efficiency.

Manufacturing Procurement 98

Manufacturing Procurement Optimal Sourcing Analytics Software Supply Chain Planning Software 98

GlobalTranz

FEBRUARY 27, 2018

Procurement must never be an afterthought in any enterprise. Manufacturers need to have the right raw materials and supplies available. The answers to these questions lie in understanding a few of the top industrial procurement trends to expect in 2018. Companies Will Seek New Ways to Use Technology in Procurement.

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Manufacturing Procurement Optimal Sourcing Supply Chain Planning Software Supply Chain Software 166

Logistics Viewpoints

AUGUST 13, 2024

The three steps in realizing the vision are 1) flexible, reconfigurable plant; 2) global manufacturing networks of flexible, configurable plants; 3) the integration of the previous step with digital, certified, encrypted product definitions. The document gives business strategies based upon technical solutions. Although Industrie 4.0

Supply Chain Network Software 253

Supply Chain Network Software Industrial Industry Manufacturing Procurement 253

Precoro

NOVEMBER 7, 2022

In order to run a successful business, you need a dedicated procurement team to obtain these essential goods and services, ensure timely delivery, and nurture good relationships with your vendors. Paying for offices, utilities, technology subscriptions, and cleaning services is also part of the procurement team's responsibility.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Solutions Optimal Sourcing Procurement Analytics 52

OptiProERP

MAY 18, 2023

So what is procurement? Procurement is acquiring goods, services, or works from an external source. It involves sourcing, negotiation, ordering, delivery, and payment for goods or services. What Are the Types of Procurement?

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Negotiate Pricing Procurement Solutions 52

QAD

OCTOBER 8, 2024

Routine Challenges in Life Sciences Manufacturing Imagine if there was a tool available to manage the highly complex environment in which life sciences manufacturers navigate daily. Given the layers of complexity involved in running such a business, it can be obvious to understand why there are initiatives in place such as Pharma 4.0,

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Planning Software Predictive Analytics Software Optimization Software 52

Unleashed

JANUARY 4, 2024

Product sourcing, done the right way, can set your business up with the foundations needed for achieving maximum sales. This guide will explain how product sourcing works in modern business, best practices for finding suppliers, and list some of the most popular websites and tools for sourcing goods to sell.

Purchasing Skills 52

Purchasing Skills Manufacturing Procurement Optimal Sourcing Sourcing Strategies 52

Precoro

MARCH 31, 2023

March 21 was the second annual iteration of World Sustainable Procurement Day , an online event organized by the Sustainable Procurement Pledge team, SPP Chapters, SPP Champions, and partners to raise awareness about the importance of ethical procurement and to share the best sustainability practices with organizations worldwide.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Manufacturing Procurement Procurement Solutions 52

EC Sourcing Group

JULY 28, 2020

Objectives of Procurement Management. The objectives of procurement management can range from the most general, such as “buying goods and services,” to the more complex, such as “supporting organizational goals within the team.” What Is Procurement Management? Objectives of Procurement Management: Managing Contracts.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 52

GlobalTranz

NOVEMBER 29, 2016

Editor's Note: Today's blog is the second part of Chuck Intrieri's series on how procurement and suppliers can avoid issues with their contracts. Procurement and suppliers often assume that small print is highly complicated legal jargon that is both boring and largely irrelevant. How to Begin Your Terms.

Procurement Analytics 120

Procurement Analytics Manufacturing Procurement Procurement How To 120

AFFLINK

AUGUST 12, 2022

For procurement leaders, this finding indicates marked potential for making an environmental impact. For manufacturing facilities, the pressure is on to become the essential link to a more sustainable value chain. What Forces Are Driving The Demand For Sustainability In Manufacturing? The good news?

Manufacturing Procurement 62

Manufacturing Procurement Cost Reduction Strategies Sustainability Material Savings 62

Supply Chain Game Changer

MAY 11, 2022

Most manufacturers still rely on traditional methods to promote their business. Word-of-mouth referrals, networking events, and trade shows are still preferred by those in the manufacturing industry for a good reason they still work. Five Tips For Digital Marketing for Manufacturing Success. Consult With The Experts.

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Manufacturing Procurement Waste Reduction Manufacturing Resource Reduction 96

Precoro

MAY 20, 2024

That’s when small business owners seek assistance with purchase order financing. In this article, we'll discuss how purchase order financing works and which companies can benefit from it. Continue to find out more, or jump right to the section you are most interested in: What is purchase order financing?

Purchasing Skills 91

Purchasing Skills Procurement Solutions Manufacturing Procurement Negotiate Pricing 91

OptiProERP

MARCH 15, 2022

Before getting into production scheduling and how it helps manufacturers, let’s have a quick look at the functions of the production department in a manufacturing organization. The production schedule is a versatile and important document that focuses on planning, forecasting, predicting, and meeting demands on time.

Manufacturing Procurement 78

Manufacturing Procurement Optimal Sourcing Material Savings Resource Reduction 78

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.

Procurement Analytics 68

Procurement Analytics Manufacturing Procurement Procurement Solutions Purchasing Skills 68

Precoro

OCTOBER 10, 2022

In today's competitive market, where it's not all about cost savings, tracking procurement performance and aligning it with business goals and objectives is a must-have. So how do you measure the effectiveness of procurement operations within your organization? What Are Procurement KPIs, and Why Use Them?

Procurement Analytics 52

Procurement Analytics Optimal Sourcing Manufacturing Procurement Procurement Solutions 52

QAD

AUGUST 22, 2023

It is not just a documentation error. Imagine if this was a critical part of your finished product, and you were single sourcing from one supplier. This is a scenario that supply chain, import and procurement professionals are encountering today – and keeping many up at night. Perhaps more pertinently — it is the law.

Manufacturing Procurement 98

Manufacturing Procurement Supply Chain Software Supply Chain Design Software Procurement Solutions 98

Unleashed

AUGUST 17, 2021

There is a range of manufacturing software now available to help businesses streamline their processes and maximise efficiency. Here we look at 15 types of manufacturing software, and for each answer three questions: What are the main functions of this software? What are its advantages and disadvantages?

Inventory Management Software 97

Inventory Management Software Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software 97

The Logistics & Supply Chain Management Society

APRIL 26, 2022

by Stephanie Krishnan – Associate Vice President, IDC Manufacturing & Energy Insights Asia/Pacific, IDC Asia/Pacific. “By By 2025, to improve long-term supply chain profitability, 60% of manufacturers in global supply chains will invest in software tools to support sustainability and circular economy business models.”.

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Supply Chain Design Software Supply Chain Software Supply Chain Planning Software Sustainability 264