SCMDOJO

DECEMBER 11, 2023

In the realm of efficient procurement management, understanding the various types of procurement reports becomes paramount. These reports serve as navigational tools, offering insights into different facets of the procurement process.

Procurement Analytics 18

Procurement Analytics Optimal Sourcing Procurement Solutions Material Savings 18

Supply Chain Shaman

JUNE 14, 2018

Bonuses and incentives align with functions and are often counter productive to driving supply chain excellence. PFEP optimizes the policies that define how to procure each part. PFEP enables supply chain leaders to glean a 360-degree view of their inventory and procurement policies to maximize the value of each inventory dollar.

Optimal Sourcing 173

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Agile and Lean Supply Chain 173

Supply Chain Game Changer

NOVEMBER 16, 2022

Why Procurement Transformation Can Fail! The duties of procurement managers are diverse, ranging from creating solicitations to collaborating with vendors. The importance of digital procurement is increasing rapidly. Along with cost savings, procurement managers are focusing on optimizing and automating processes.

Optimal Sourcing 19

Optimal Sourcing Procurement Analytics Manufacturing Procurement Supply Chain Software 19

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. It can appear useless.

Procurement Analytics 68

Procurement Analytics Manufacturing Procurement Procurement Solutions Purchasing Skills 68

Supply Chain Shaman

DECEMBER 11, 2018

While there is much hype on DDMRP and the use of orders as a proxy for demand, companies need to remember that orders carry latency: they are out-of-step with market purchase behavior. The transformational wave is slowly transforming the automotive industry from a focus on selling “rides” versus the purchase of an automobile.

Supply Chain Planning Software 202

Supply Chain Planning Software Supply Chain Design Software Modeling Software Supply Chain Network Software 202

Supply Chain Shaman

FEBRUARY 14, 2022

Demand latency is two-eight weeks delayed from consumption purchase to translate to an order. I kept pressuring this client to use their channel data locked into the Excel files in their sales account teams. When companies reward OEE in manufacturing and POV in procurement, companies will systemically make the wrong stuff.

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

Procurement Academy

OCTOBER 19, 2023

A crucial part of successful procurement strategies is the art and science of negotiation. Procurement negotiation refers to a buyer (usually from a company) and a seller (usually from a supplier) working together and discussing the likes of pricing, terms, conditions, and other aspects of a procurement contract.

Negotiating Skills 52

Negotiating Skills Pricing Training Negotiate Pricing Purchasing Training 52

SCMDOJO

FEBRUARY 13, 2023

The procurement department is an integral part of any organization, playing a crucial role in the purchasing process. To get the most out of any procurement team, all the associated key roles need to be filled with qualified individuals that understand both technology and the principles of supply chain management.

Negotiating Skills 87

Negotiating Skills Purchasing Skills Negotiate Pricing Procurement Analytics 87

RFgen

DECEMBER 27, 2024

Core Features and Benefits Manufacturing ERP systems, often referred to as ERP for manufacturing, offer a powerful suite of features designed to optimize every aspect of your manufacturing operations. It excels in project management, project accounting, regulatory compliance management, and other industry-specific requirements.

Supply Chain Planning Software 75

Supply Chain Planning Software Supply Chain Design Software Manufacturing Procurement Inventory Management Software 75

Supply Chain Shaman

MARCH 12, 2019

As you implement supply chain analytics and use control theory with well-defined reference data with clear bands for control, process improvement ensues. This team was working on quality improvements and found that the flows crossed 117 disconnected documents in access, excel, and google analytics. Why the Focus Today on Visibility?

Prescriptive Analytics Software 177

Prescriptive Analytics Software Manufacturing Procurement Procurement Analytics Analytics Software 177

ivalua

APRIL 7, 2022

Leader Forrester CLM for Buy-Side Contract Suites, Q4 2021. Ivalua remains the only vendor recognized as a leader in every current Procurement report spanning S2P by Gartner and Forrester. Ivalua R&D experts shared inf ormative and comprehensive updates for the Source-to-Contract, Procure-to-Pay, and Platform Solutions.

Procurement Solutions 130

Procurement Solutions Vendor Strategies Procurement Analytics Sourcing Strategies 130

Logistics Bureau

DECEMBER 4, 2024

What is purchasing? And how is it different from procurement? I asked one of our purchasing management experts exactly that question so you can hear it directly from the horse’s mouth. What is Purchasing in Logistics? In short, purchasing is a transaction: you buy an item or a service.

Manufacturing Procurement 40

Manufacturing Procurement Procurement Solutions Eliminating Excel in Purchasing Purchasing Skills 40

Jaggaer

DECEMBER 13, 2024

Procure-to-pay i s a specific subdivision of the procurement pr ocess. Whereas source-to-contract describe s upstream processes, includ ing sourcing and contract management, procure-to-pay refers to the downstream activities involved in actually acquiring goods and services. What is a procure -to-pay solution ?

Procurement Solutions 52

Procurement Solutions Optimal Sourcing Procurement Analytics Negotiating Skills 52

ivalua

OCTOBER 13, 2022

Further, if the truth be known I suspect many others in procurement and supply chain are feeling the same, but maybe that’s not true. This is not a “side of the desk” or part time role, nor within the skill set or training for the vast majority of purchasing and supply chain managers. Capital goods. Waste generated in operations.

Purchasing Skills 130

Purchasing Skills Supply Chain Planning Software Price Reduction Pricing Training 130

Unleashed

SEPTEMBER 2, 2024

Purchase order (PO) systems are software tools that help you manage the end-to-end purchase order process. They streamline procurement workflows by automating key tasks such as purchase order creation, approval, distribution, and tracking. What is a purchase order system? How do purchase order systems work?

Procurement Solutions 52

Procurement Solutions Inventory Management Software Procurement Analytics Supply Chain Planning Software 52

Supply Chain Shaman

DECEMBER 13, 2015

Today, 7% of order and purchase order flows move through business networks. For access to the report on business networks reference this r eport. Lora thinks that we are never too old to learn or to push for excellence. However, inter-enterprise communication moves largely by email. The gaps are large.

Manufacturing Procurement 150

Manufacturing Procurement Procurement Analytics Supply Chain Network Software Procurement Solutions 150

New Horizon Supply Chain Blog

FEBRUARY 8, 2024

Introduction: Procurement Planning for Distribution-Intensive Businesses Procurement planning is not a widely recognized category of supply chain software, but it should be. The resulting plan should maintain adequate safety stock levels for each purchased item while reducing inventory costs.

Procurement Solutions 52

Procurement Solutions Optimal Sourcing Supply Chain Planning Software Manufacturing Procurement 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

Unleashed

MARCH 21, 2021

The procure to pay process is complex and far more than simply making a phone call, or sending a few emails to arrange the purchase of goods. Strategically approaching the procure to pay process can see your company reap the rewards. In this guide, we’ll cover: What is the procure to pay process. Negotiating.

Procurement Analytics 59

Procurement Analytics Procurement Solutions Manufacturing Procurement Optimal Sourcing 59

Freightos

NOVEMBER 11, 2021

The ”end” they refer to – whether it’s forwarding, fulfillment, or platforms for B2B or B2C sales – remains fairly ambiguous, spanning an acquisition of fashion logistics company HUUB in September 2021 to an investment in rapid fashion production company Unmade. This isn’t just about purchasing power.

Price Reduction 177

Price Reduction Logistics Network Optimization Software Cost Reduction Strategies Expense Reduction 177

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

Precoro

OCTOBER 2, 2023

The procurement landscape is ever changing, and recently, in contrast to the traditional procure-to-pay platforms, we have seen the emergence of a new type of software solution, intake-to-pay, which is marketed as a more comprehensive solution. But hold on: are we sure that wasn't all possible with procure-to-pay, anyway?

Procurement Solutions 59

Procurement Solutions Procurement Analytics Optimal Sourcing Supply Chain Design Software 59

Talking Logistics

DECEMBER 11, 2014

I limited myself to just six predictions, although I believe many of the predictions I made last year (and the year before that ) will continue to play out in 2015 and beyond, so I encourage you to revisit those predictions too (I listed them below for quick reference). Number one on his list was “‘Non-Zero’ Supply Chains Win.”

Predictive Analytics Software 228

Predictive Analytics Software Supply Chain Design Software Logistics Network Optimization Software Predictive Analytics 228

NC State SCRC

APRIL 2, 2023

The term “COE” is often a commonly heard term in supply managers’ vernacular, but it’s interesting to note that Centers of Excellence as an organizational entity have been around for more than fifty years – and evolved first in the form of what was called “shared services”.

Sourcing Strategies 52

Sourcing Strategies Resource Reduction Cost Reduction Strategies Inventory Reduction 52

My Office Apps

JULY 19, 2024

This predefined weight serves as a reference point for inventory management and pricing, streamlining processes and reducing manual effort. With the right ERP solution in place, businesses can navigate the nuances of catch weight transactions with ease, driving operational excellence and customer satisfaction.

Procurement Solutions 98

Procurement Solutions Supply Chain Planning Software Inventory Management Software Manufacturing Procurement 98

Jaggaer

MARCH 30, 2020

To better understand the impact of big data analytics on procurement, we turned to industry veteran Walter Charles, CPO at Allergan, who sees big data as a major disruptor. How Big Data Analysis Plays into Procurement. Big data comes amid a slew of buzzwords that promise “i ndustry disruption ” and “procurement revolution.”

Big Data 99

Big Data Analytics Software Optimal Sourcing Sourcing Strategies 99

HICX Solutions

JANUARY 27, 2022

Supplier Relationship Management is the relationship that develops between a buyer and supplier, which is subject to the exigency of the goods or services purchased and supplied to an organization and dictates the nature of the working relationship that the buyer should look to nurture with their suppliers.

Supply Chain Design Software 98

Supply Chain Design Software Modeling Software Procurement Solutions Optimal Sourcing 98

EC Sourcing Group

OCTOBER 5, 2021

How to Streamline Your Procurement Process from Weeks to Hours. When contract management and procurement software first arrived on the scene, overnight it became an easy way to streamline the procurement process. Businesses didn’t have to rely on excel, emails, conversations, and word documents as much as they did in the past.

Procurement Analytics 52

Procurement Analytics Optimal Sourcing Procurement Solutions Procurement 52

Precoro

MARCH 30, 2022

Strategic Procurement Helps a Business Unleash its Potential. As The Hackett Group discovered, approaching procurement strategically with specific business goals in mind helps achieve a significantly higher ROI. Operational efficiency and cost reduction are among the top procurement priorities for CPOs, according to Deloitte.

Vendor Strategies 52

Vendor Strategies Sourcing Strategies Cost Reduction Strategies Price Reduction 52

Supply Chain Game Changer

AUGUST 26, 2021

Every single organization I have been a part of has been dependent on Excel spreadsheets for order tracking and expediting – and in some cases – even demand planning. By event I am referring to both LRIP (low-rate initial production) and full rate production. PO Placement ? Supplier Receipt and acknowledgement ?Supplier

Supply Chain Visibility 103

Supply Chain Visibility Supply Chain Planning Software Real-time Visibility Agile and Lean Supply Chain 103

Locus

MAY 2, 2023

But how do they ensure effective third-party deliveries and excellence in their e-commerce logistics operations, given that they outsource last-mile logistics to third-party providers? Also, 60% of customers stated that the buying experience made them buy directly from a brand. of total e-commerce sales. Schedule a demo with us!

Eliminating Excel in Purchasing 52

Eliminating Excel in Purchasing Logistics Network Optimization Software Logistics How To 52

EC Sourcing Group

JULY 21, 2020

Business process management solutions refer to a broad set of tools that can help organizations and corporations effectively streamline their workflow and work more efficiently, given tools, and software. What is E-Procurement in Supply Chain Management? E-procurement is a shortened way to say electronic procurement.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Modeling Software Supply Chain Software 52

SCMDOJO

JANUARY 17, 2024

They are in charge of purchasing, procurement, and sourcing. Logistics in this context can refer to both delivering orders to customers and moving the company’s inventory (e.g., They supervise the whole operation, from forecasting demand and planning production to procurement and logistics.

Purchasing Skills 79

Purchasing Skills Negotiating Skills Optimal Sourcing Manufacturing Procurement 79

Unleashed

JANUARY 24, 2022

MRO stands for Maintenance, Repair and Operations and refers to the MRO of the machinery, equipment, and tools necessary to run a business. For example, you may look after PPE and office equipment in-house but have a supplier of maintenance equipment monitor this inventory on your behalf who raises purchase orders when stocks are low.

Inventory Reduction 98

Inventory Reduction Inventory Management Software Procurement Solutions Supply Chain Software 98

Supply Chain Game Changer

MAY 11, 2022

Digital marketing, also known as online or internet marketing, is the collective term used to refer to all marketing and advertising activities on the internet. When procuring materials and handling the logistic, you probably haven’t had the time to update your marketing strategy and let it slip through the cracks.

Manufacturing Procurement 96

Manufacturing Procurement Waste Reduction Manufacturing Resource Reduction 96

Unleashed

DECEMBER 2, 2020

Calculating the reorder point in Excel. To calculate the reorder point in Excel, set up a table as in the image above, and use the formula =SUM(F2+G2) where Column F is your Safety Stock figure and Column G is your Lead Time Demand. Calculating the reorder point in Excel – a caveat. You purchase in batches.

Procurement Analytics 85

Procurement Analytics Manufacturing Procurement Inventory Management Software Procurement Solutions 85

SCMDOJO

FEBRUARY 21, 2024

Acting as the central orchestrator, a 4PL integrates various elements of the supply chain, including purchasing, transportation, warehousing, and distribution, into a cohesive and efficient system. Taking this step would make sure the whole corporate process buys into your idea and individual performance meets your ultimate decision.

Logistics Network Optimization Software 74

Logistics Network Optimization Software Logistics Supply Chain Planning Software 3PL 74