SCMDOJO

MARCH 19, 2024

This data can be used to identify areas for improvement and make informed decisions about sourcing, production, and distribution. Procurement Procurement involves sourcing and acquiring the materials or products needed for production. Communicate with suppliers to source materials, negotiate pricing, and ensure timely deliveries.

Optimal Sourcing 98

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 98

Supply Chain Game Changer

NOVEMBER 16, 2022

Digital procurement practices are a significant factor in achieving company excellence. It helps bring predictability to Strategic Sourcing, automates Transactional Procurement (or P2P cycle), and enables proactive Supplier Risk Management. Direct purchase requests from employees are possible with varying levels of auto-approval.

Optimal Sourcing 19

Optimal Sourcing Procurement Analytics Manufacturing Procurement Supply Chain Software 19

Precoro

FEBRUARY 27, 2023

Spend analysis is a crucial part of the broader business practice of spend management because a clear picture of the company's expenditures is essential for fact-based decisions in strategic sourcing and supplier management. If the answer to any of them points to problems, it might be time to explore other sourcing options.

Analysis 52

Analysis Purchasing Skills Procurement Analytics Optimal Sourcing 52

Supply Chain View from the Field

NOVEMBER 25, 2013

They focused on beginning with category spend, and driving down to specific actions in terms of KPI’s, prioritization of resources, and optimization of the relationship through collaborative approaches. They were able to derive an R-squared of 0.80, which is excellent given the number of data points they started with.

Procurement Analytics 60

Procurement Analytics Predictive Analytics Modeling Purchasing Skills 60

SCMDOJO

APRIL 4, 2023

To accomplish this, supply chain analytics collects, analyzes, and synthesizes data from a wide variety of sources. This involves examining and enhancing processes like sourcing, manufacturing, logistics, inventory management, and delivery.

Prescriptive Analytics Software 111

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Supply Chain Design Software 111

Supply Chain Game Changer

SEPTEMBER 30, 2020

Listed as a top key finding in a 2020 WBR Insights report it was found that, “The top concern for procurement professionals is making buying decisions without the necessary insight” (WBR Insights 2020). Sure, you can try and shuffle through the rows and columns of your Excel Hell, build custom algorithms, and visualize a bar chart.

Procurement Analytics 53

Procurement Analytics Procurement Solutions Eliminating Excel in Purchasing Supply Chain Software 53

Precoro

MAY 27, 2021

It can either make you a company's superhero or add extra headaches and purchasing risks because poor supplier management leads to the following problems: Missed saving opportunities and not enough leverage in negotiating with new suppliers. Source: Forbes: What Is The Kraljic Matrix? Source: Supply Chain Quarterly 8.

Negotiate Pricing 52

Negotiate Pricing Supplier Management Procurement Analytics Negotiating Skills 52

6 River Systems

OCTOBER 12, 2020

When the appropriate tools are in place for managing uncertainty and ensuring accessibility, institutions have excellent chances to continually generate productivity improvements, increase customer satisfaction and improve financial performance. The ideal sourcing location will be a balance in terms of cost, quality and logistics cost.

Cost Reduction Strategies 98

Cost Reduction Strategies Expense Reduction Material Savings Inventory Reduction 98

SupplyShift

JUNE 17, 2021

For companies struggling to prioritize or identify their overarching goals, SASB’s materiality matrix is another excellent starting place. Perform responsible sourcing audits on supply chain areas of deep concern. How will you improve supplier buy-in? They must also follow hard deadlines and KPI targets. Ask for help.

Material Savings 52

Material Savings Supply Chain Design Software Supply Chain Planning Software Resource Reduction 52

SupplyShift

JUNE 17, 2021

For companies struggling to prioritize or identify their overarching goals, SASB’s materiality matrix is another excellent starting place. Source: sasb.org. These goals fall into one of two primary types: Absolute goals , which only take KPIs into account—for example, reducing GHG emissions 30% by 2025. Secure Buy-In.

Material Savings 52

Material Savings Supply Chain Design Software Supply Chain Planning Software Resource Reduction 52

QAD

JUNE 26, 2024

Obtaining organizational buy-in requires understanding how S&OP can help reach Sales and Marketing goals and, ultimately, the company’s overall objectives. The Sales and Marketing leader needs to wisely manage these competing KPI. Sales and Marketing both need to realize the value of S&OP for their individual objectives.

S&OP 52

S&OP Supply and Demand Forecasting Supply Chain Planning Software 52

Unleashed

AUGUST 15, 2024

The case for Zoho Inventory alternatives Zoho Inventory can be a useful tool for managing stock and purchasing, but it’s not suitable for every business. We’ll look at the features, pros and cons, and pricing for each solution to ensure you make the right choice for your business. Veeqo: Best for multichannel order fulfilment.

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Supply Chain Design Software Inventory Reduction 52

Provenance

OCTOBER 1, 2018

At Provenance, we envision a future where every great product comes with accessible, verifiable information about the people, places and materials behind its creation, helping us all make positive choices about the things we buy. Source and test new digital channels and areas for growth. More on our mission here. Attention to detail.

Supply Chain Planning Software 40

Supply Chain Planning Software Analytics Software Supply Chain Network Software Negotiating Skills 40

ThroughPut

JUNE 24, 2022

This has severely affected the smooth supply chain functioning across the globe due to the “panic buying” ripple effect. To what extent are we leveraging open-source technologies? Who will need access to it (and from where) to keep operations running smoothly and KPI benchmarks met? AI in Supply Chain can help in Optimization.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Supply Chain Software 98

Infosys Supply Chain Management

APRIL 8, 2014

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. « Gamification - An EAM perspective | Main | Whats your KPI? Cloud Simple meaning of Cloud in context of SMAC is using software applications as a service without buying them. Business Process Outsourcing.

Analytics Software 35

Analytics Software Supply Chain Network Software Supply Chain Planning Software Predictive Analytics Software 35

6 River Systems

FEBRUARY 25, 2019

From raw materials sourcing to warehouse operations , logistics technology , order fulfillment and beyond, there are dozens of points throughout the supply chain, all of which contribute to overall supply chain efficiency. If you want to optimize your supply chain, the way to do it best isn’t to buy some fancy new machine.

Optimal Sourcing 55

Optimal Sourcing Supply Chain Design Software Supply Chain Planning Software Optimization Software 55

Logistics Bureau

NOVEMBER 27, 2016

So in order to perhaps spawn some ideas for your supply chain excellence efforts, I thought I’d offer a brief overview of how four leading organisations are achieving their successes and cementing their mastery of the 21 st century supply chain. 4 Leading Operators with the Supply Chain X-Factor. Health and safety. Innovation.

Agile and Lean Supply Chain 40

Agile and Lean Supply Chain Supply Chain Strategy Supply Chain Design Software Gartner 40

GlobalTranz

MAY 4, 2016

Nearly every company offers some sort of discounted shipping plan for large purchase orders, and more customers are demanding faster delivery at a reduced rate. Freight Management KPIs are undoubtedly the most important metrics to track and understand. In modern manufacturing and transportation, savings are everything.

Freight 120

Freight Procurement Analytics Sourcing Strategies Cost Reduction Strategies 120

6 River Systems

FEBRUARY 22, 2019

As part of any warehouse’s KPI suite, cost indicators need to be measured, and there needs to be a focus of continuous improvement on these indicators. Inventory provides an excellent example of a cost indicator that should be measured and continuously improved. Our aim is to reduce overstock therefore improving our buying processes.

Cost Reduction Strategies 56

Cost Reduction Strategies Inventory Reduction Material Savings Warehousing 56

ShipBob

APRIL 30, 2023

An eye-popping 94% of customers say that positive customer service experiences make them more likely to buy again. This can lead to a frustrating customer experience and prevent shoppers from buying from your store again. But before you can improve your customer service quality, you need an objective way to measure it.

Customer Service 52

Customer Service Optimal Sourcing Procurement Analytics Optimization Software 52

ThroughPut

NOVEMBER 28, 2023

Data integration capabilities: Your supply chain generates data from various sources – inventory systems, production lines, transportation networks, etc. Top-tier analytics software should seamlessly integrate data from these disparate sources, offering a unified view of your entire supply chain.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Supply Chain Design Software 52

ThroughPut

MAY 23, 2019

Whether making the decision to “build, buy, or buddy”, that is, through internal R&D, acquisition of technology / companies, or licensing external technologies through partnerships, respectively, adequate capital is still a key determinant factor of success or failure. With Industry 4.0

Agile and Lean Supply Chain 40

Agile and Lean Supply Chain Supply Chain Planning Software Waste Reduction Automotive 40

Precoro

NOVEMBER 25, 2024

Let’s be honest: managing procurement can feel like a juggling act — with pending requisitions, undelivered purchase orders, unpaid invoices, budget tracking, and stock transfers all in the mix. Together, they offer a range of benefits that extend well beyond simply keeping track of purchases.

Procurement Analytics 105

Procurement Analytics Procurement Solutions Manufacturing Procurement Optimal Sourcing 105

NC State SCRC

JANUARY 3, 2025

The procure to pay focus may continue, but other types of COE activities are layered on top, building on progressively more sophisticated activities such as KPI development, category intelligence support, risk management, contract management, and predictive analytics.

Negotiating Skills 52

Negotiating Skills Procurement Analytics Purchasing Skills Supply Chain Planning Software 52

SCMDOJO

JANUARY 22, 2025

If you are a Supply Chain and Logistics Manager seeking a comprehensive and manageable Logistics KPIs Dashboard to oversee your operations, you have come to the right place. This ready-to-use Excel Dashboard will help monitor performance for the Previous Year, Current, and Future periods. Get Access To Logistics KPIs Dashboard Now!

Procurement Analytics 52

Procurement Analytics Metrics Negotiating Skills Logistics Network Optimization Software 52