Precoro

MARCH 27, 2025

Rising costs, supply chain chaos, and economic swings put businesses under enormous pressure to protect their margins. According to McKinsey & Company, procurement accounts for 50% to 80% of a company’s cost base. That’s why organizations zero in on strategies to achieve procurement cost reduction. 

Cost Reduction Strategies 45

Cost Reduction Strategies Price Reduction Expense Reduction Vendor Strategies 45

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

Logistics Viewpoints

MARCH 9, 2023

CPG companies that utilize an autonomous supply chain technology see a reduction in their inventory and cost and an increase in revenue. Many innovative CPG companies also collaborate with their internal and external suppliers on net requirements planning for the factory and Purchase Orders (PO) for components and OEMs.

Supply Chain Planning Software 280

Supply Chain Planning Software Modeling Forecasting Software Optimization Software 280

Supply Chain Matters

JANUARY 27, 2025

Mastercard , which utilizes tracking data related to all forms of payment transactions, excluding automotive sales, reported that retail sales increased 3.8 Electronics and appliance store sales reportedly rose 3.7 Mastercard reported that shopping for gift items was higher in 2024 with apparel sales increasing 3.6

Procurement Analytics 52

Procurement Analytics Electronics Supply Chain Planning Retail 52

SYSPRO Smarter ERP

NOVEMBER 10, 2021

The electronics industry has experienced dramatic changes on the customer and supplier side in the last 18 months – from sudden purchasing changes by customers to shortages of parts and components from suppliers. The product lifecycle of electronic products has been getting shorter as consumer preferences change.

Manufacturing Procurement 111

Manufacturing Procurement Electronics Supply Chain Design Software Manufacturing 111

Arena Solutions

FEBRUARY 4, 2025

Global supply chain disruptions continue to derail manufacturers in the high-tech, automotive, and renewable energy sectors as they grapple with long lead times, higher prices, and electronic component shortages. To mitigate risks, many companies are incorporating alternate parts into their sourcing strategy. Focus on commodity parts.

Purchasing Skills 62

Purchasing Skills Manufacturing Procurement Sourcing Strategies Sourcing 62

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

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 98

Negotiating Skills Purchasing Skills Buyer Training Procurement Solutions 98

Unleashed

NOVEMBER 10, 2021

UK electronics manufacturers have seen a sales revenue lift of 30% in 2021 vs 2020, outpacing the average performance of manufacturers of 24%, according to data from a soon-to-be released Unleashed State of Manufacturing report. The report analyses over 79,000 data points from UK manufacturers that use Unleashed software.

Manufacturing Procurement 98

Manufacturing Procurement Electronics Manufacturing Inventory Management Software 98

GlobalTranz

AUGUST 20, 2018

Data analytics can be applied to virtually any supply chain process, and analytics hold great value in managing retail supply chains. Defining retail needs is not an easy process, but data is king and can help companies sift through the needs and wants of customers, reports Arthur Zaczkiewicz of WWD.

Analytics Software 122

Analytics Software Procurement Analytics Analytics Supply Chain Design Software 122

The Logistics & Supply Chain Management Society

MAY 18, 2021

Supply chain execution is required to distinguish between the high runner purchases and the slower-moving products customers are willing to wait for. In a study of logistics providers conducted by Fraunhofer IML, only 36% of organizations reported having a clear overall plan for digital transformation. The Improved Way.

Supply Chain Network Software 243

Supply Chain Network Software Network Optimization Agile and Lean Supply Chain Modeling 243

GlobalTranz

FEBRUARY 13, 2017

According to PLS Logistics , global companies will install procurement managers in China for entire organizations by 2025. There was a time when buying a computer was considered a once-in-a-decade purchase, if not once-in-a-lifetime. They are not susceptible to drowsy driving, and they are not subject to electronic logging mandate.

Resource Reduction 205

Resource Reduction Inventory Reduction Trends Logistics Network Optimization Software 205

The Logistics & Supply Chain Management Society

MARCH 22, 2022

For example, the One Network platform for supply chain planning and execution is used by the Ministries of Health in Nigeria, Ghana, and Rwanda, providing comprehensive inventory visibility across all health facilities for real time supply demand matching and collaborative decision making. Real-Time Information with IoT and Telematics.

Supply Chain Planning Software 245

Supply Chain Planning Software Prescriptive Analytics Software Real-time Visibility Optimal Sourcing 245

Logistics Viewpoints

JUNE 3, 2022

Cargo losses escalate as thieves target cars, electronics. The Port of Oakland reported cargo in April dropped 7 percent compared to the same period a year ago due to factory and port shutdowns in China. Robot orders surge again in Q1. Legislation introduced to improve food safety and hold FDA accountable. s CargoNet.

Logistics Network Optimization Software 283

Logistics Network Optimization Software Oakland Logistics Pricing Training 283

Supply Chain Shaman

APRIL 6, 2017

What I do know is that 88% of companies , stuck at the intersection of operating margin and inventory turns, struggle to drive improvement at the balance sheet level, and that user satisfaction with the traditional technologies is low. Current Order and Purchase Order Processing. My Insights on Digital Transformation.

Supply Chain Software 200

Supply Chain Software Supply Chain Planning Software Procurement Analytics Manufacturing Procurement 200

SYSPRO Smarter ERP

MAY 30, 2022

Disruptions like the pandemic, supply shortages, global trade barriers, high customer expectations and inflation all add tremendous pressure on the procurement process. Despite this, only 33% of businesses invested in procurement and sourcing technologies. Using ERP to improve purchasing transparency.

Manufacturing Procurement 105

Manufacturing Procurement Optimal Sourcing Procurement Solutions Procurement Analytics 105

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

GlobalTranz

MAY 20, 2015

The next posts in the series will break down metrics and issues to consider in SQM by industry and conclude with a case study on the application of SQM. 5 Key Metrics to Use for Scoring Supplier Quality Management (From LNS Research ). Cost of quality. The definition of this metric is similar to the way it sounds.

Procurement Analytics 120

Procurement Analytics Metrics Quality Supply Chain Planning Software 120

SYSPRO Smarter ERP

MAY 30, 2022

Disruptions like the pandemic, supply shortages, global trade barriers, high customer expectations and inflation all add tremendous pressure on the procurement process. Despite this, only 33% of businesses invested in procurement and sourcing technologies. Using ERP to improve purchasing transparency.

Manufacturing Procurement 98

Manufacturing Procurement Optimal Sourcing Procurement Solutions Procurement Analytics 98

My Office Apps

MARCH 26, 2025

Distributors: Streamlining Operations with Kechie ERP Distributors need a reliable system to manage inventory, logistics, and customer relationshipstasks that are often manual, time-consuming, and prone to error. B2B Portal: Seamlessly share inventory availability with retailers and wholesalers for easier order management.

Supply Chain Design Software 64

Supply Chain Design Software Supply Chain Planning Software Logistics Network Optimization Software Optimization Software 64

Logility

MAY 25, 2023

In today’s fast-paced and unpredictable global market, the secret to maintaining a competitive edge lies in a key area—robust inventory control techniques. Inventory control is the act of managing and organizing stock to meet customer demand without surplus or deficiency. This is where inventory control techniques come in.

Inventory Reduction 130

Inventory Reduction Inventory Management Software Inventory Optimal Sourcing 130

Logistics Viewpoints

FEBRUARY 7, 2022

this also means that warehouses can carry less physical inventory but potentially more stock keeping units (SKUs). More SKUs available from local warehouses could also mean quicker replenishment cycles parts that are purchased infrequently. In an article last year, it was reported that the time it takes to print things has decreased.

Manufacturing Procurement 284

Manufacturing Procurement Supply Chain Design Software Purchasing Skills Supply Chain Software 284

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

GlobalTranz

FEBRUARY 25, 2021

According to the Council of Logistics Management, it is “the process of planning, implementing, and controlling the efficient, cost effective flow of raw materials, in-process inventory, finished goods and related information from the point of consumption to the point of origin for the purpose of recapturing value or proper disposal.

Reverse Logistics 210

Reverse Logistics Logistics Network Optimization Software Logistics Material Savings 210

PINC

APRIL 29, 2020

live/drop, type of inventory, type of equipment, load status, etc.). These automatic processes streamline gate procedures, increases the velocity of check-in and check-out of trailers, yard trucks, shuttle trucks, tractors, and drivers, and loads can be electronically reconciled with purchase orders or bill of ladings.

Demand Planning Software 147

Demand Planning Software Logistics Network Optimization Software Inventory Reduction Supply Chain Software 147

RFgen

APRIL 12, 2024

Managing inventory costs is a constant struggle. Between rising costs for materials and endemic labor shortfalls in the warehouse, many supply chain professionals may feel trapped in an endless cycle of shrinking profit margins. Managing inventory costs is important because high inventory costs can erode the bottom line.

Inventory Reduction 98

Inventory Reduction Cost Reduction Strategies Purchasing Skills Optimal Sourcing 98

Logistics Viewpoints

JUNE 9, 2022

This warehouse runs at a perfect optimum with fixed capital in the form of inventory balanced perfectly with sales and purchasing, and all the items perfectly distributed to the various storage areas of the warehouse. Before the peaks – using data analytics to make the right decisions. When was the printer last checked?

Logistics Network Optimization Software 293

Logistics Network Optimization Software Analytics Software Optimization Software Forecasting Software 293

RFgen

APRIL 30, 2024

The answer lies in modern inventory management best practices. Specifically, the use of perpetual inventory systems. What is a perpetual inventory system? Perpetual inventory management relies on technology to track inventory with timely data and a high degree of accuracy. Wonder no more.

Inventory Management Software 98

Inventory Management Software Inventory Reduction Supply Chain Planning Software Optimization Software 98

Enterra Insights

MARCH 27, 2019

Retailers have always been curious about the paths consumers take when they decide something needs to be purchased. When the Internet and World Wide Web introduced consumers to online shopping (aka e-commerce), the path to purchase became much more complex. Today the digital path to purchase is growing in importance.

Procurement Analytics 100

Procurement Analytics Manufacturing Procurement Procurement Solutions Purchasing Skills 100

Unleashed

JULY 2, 2024

Efficient purchasing is conducive to healthy cash flow. The more effective your purchasing processes, the more profitable your business becomes. In this guide we explore the process of purchase order management, its role in a wider supply chain management strategy , and the best practices for optimised purchasing workflows.

Procurement Analytics 52

Procurement Analytics Procurement Solutions Purchasing Skills Pricing Training 52

Logistics Bureau

DECEMBER 20, 2021

As we are often asked about KPIs for inventory management , that’s what we’re going to focus on in this particular post. You will also understand their notable benefits to the inventory management discipline. 10 Invaluable KPIs to Track Inventory Management Performance. 1: Inventory Turns. million)/2 = 6.76.

Inventory Reduction 98

Inventory Reduction Inventory Forecasting Cost Reduction Strategies 98

ToolsGroup

DECEMBER 7, 2017

How the early vertical targets like fashion and electronics retailers responded to Amazon’s market entrance is a cautionary tale for what not to do. For starters, a recent Food Marketing Institute report says that 20% of global grocery sales will be online by 2025, with American consumers alone spending upwards of $100 billion USD.

Waste Reduction 159

Waste Reduction Inventory Reduction Price Reduction Supply Chain Planning Software 159

SCMDOJO

JANUARY 19, 2025

Loans can save you everything, from funding inventory purchases to pay for innovations in common functions. Grand View Research recently reported that the global e-commerce market will be valued at$25.93 Running out of inventory means missed profit and disappointed customers, overstocking makes capital lack Expansion.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Expense Reduction Inventory Reduction 52

Enterra Insights

DECEMBER 4, 2019

It’s still important, but Lauren Thomas ( @laurenthomas ) reports, “Coresight Research … says the holiday season is becoming ‘less important’ for retailers, with more shopping taking place online throughout the year. As Thomas pointed out, inventory management is especially critical during the holiday season.

Procurement Solutions 100

Procurement Solutions Eliminating Excel in Purchasing Purchasing Skills Procurement Analytics 100

Enterra Insights

JANUARY 6, 2022

Journalist John McCormick ( @McCormickJohn ) reports a study by International Data Corporation (IDC) found, “Retail is poised to overtake banking as the top spender on artificial intelligence as companies including Home Depot Inc. Using electronic shelf labels, retailers have much of that ability as well. Predictive Analytics.

Retail 173

Retail Optimal Sourcing Optimization Software Analytics Software 173

RFgen

FEBRUARY 25, 2025

Managing inventory effectively is a constant challenge for businesses. Misunderstandings about the dynamics of inventory fluctuations, like the bullwhip effect, can exacerbate these challenges. Misunderstandings about the dynamics of inventory fluctuations, like the bullwhip effect, can exacerbate these challenges.

Inventory Reduction 52

Inventory Reduction Price Reduction Material Savings Cost Reduction Strategies 52

Supply Chain Shaman

OCTOBER 2, 2020

Many of my clients talk about a customer-centric supply chain but rely on useless metrics from an annual survey or a net promoter score. Historic processes are inside-out tightly integrated to orders and purchase orders. The focus of these facilities is core manufacturing, including sewing, electronic assembly, and packaging/shipping.

Customer Service 312

Customer Service Supply Chain Design Software Supply Chain Planning Software Supply Chain Design 312