Unleashed

FEBRUARY 12, 2024

Inventory carrying cost is an essential figure to understand. Without it, you’ll struggle to accurately measure profitability or make informed decisions around inventory management and cash flow. What is inventory carrying cost? Why is inventory carrying cost important?

Inventory Reduction 52

Inventory Reduction Purchasing Skills Cost Reduction Strategies Negotiating Skills 52

Taulia

JUNE 12, 2023

Blog Expert Advice 8 min read 12 Jun 2023 By Taulia Share: Share via linkedin Share via twitter Share via facebook Share via email Copied Copy page URL to clipboard 10 supply chain KPIs and metrics to track We’ve listed the 10 top supply chain KPIs you can use to measure your supply chain performance and find opportunities for optimization.

Procurement Analytics 52

Procurement Analytics Metrics Supply Chain Software Inventory Reduction 52

Precoro

NOVEMBER 25, 2024

A procurement dashboard is a visual tool that aggregates key procurement data, from budget availability to order statuses, in one place and displays it in easy-to-understand charts and graphs. Inventory reports Inventory reports are crucial for tracking the stock levels of goods and materials a company holds.

Procurement Analytics 59

Procurement Analytics Procurement Solutions Manufacturing Procurement Optimal Sourcing 59

ivalua

OCTOBER 8, 2021

During the pandemic, Procurement flexed its muscle, helping to mitigate supply chain disruptions and enable new channels for engaging with customers and fulfilling orders. Do they invest in automation and technology to enhance data-sharing between channels for a seamless omnichannel journey? Rethink What’s Normal.

Optimal Sourcing 130

Optimal Sourcing Material Savings Procurement Analytics Procurement Solutions 130

Unleashed

JANUARY 4, 2024

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. Product sourcing is the process of finding reliable suppliers and purchasing inventory from them with the intention of reselling to customers.

Purchasing Skills 52

Purchasing Skills Manufacturing Procurement Optimal Sourcing Sourcing Strategies 52

Unleashed

SEPTEMBER 20, 2023

A low MOQ means a supplier or manufacturer is able to offer smaller batches of its product to customers while still able to make a good enough a profit margin on that batch to make it worth the time, cost, and effort to produce. MOQ meaning in supply chain MOQs play an important role in manufacturing and supply chain management.

Manufacturing Procurement 52

Manufacturing Procurement Negotiating Skills Optimal Sourcing Purchasing Skills 52

Unleashed

AUGUST 28, 2023

The cost of sales is an inventory accounting metric that measures the accumulated costs in getting finished goods to market. Cost of sales vs cost of goods sold The difference between the cost of sales and the cost of goods sold (COGS) is in how your changes in inventories are managed.

Purchasing Skills 52

Purchasing Skills Negotiating Skills Cost Reduction Strategies Examples 52

Precoro

MAY 22, 2023

In today’s fast-paced corporate world, it's difficult to overstate the significant role that technology plays in the success of many organizations. Strong companies depend on a range of hardware and software solutions to support key business processes like customer service, financial management, and supply chain operations.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Pricing Training Purchasing Skills 52

6 River Systems

JUNE 24, 2019

Supply chain management is the process of organizing and overseeing supply chain activities with the goal of achieving (or maintaining) a competitive advantage. The heart of a company’s operations, supply chain management deals with every process from the acquisition of raw materials through the final product.

Supply Chain Planning Software 40

Supply Chain Planning Software Optimal Sourcing Supply Chain Software Supply Chain Optimization 40

OptiProERP

MAY 18, 2023

The procurement process can be complex, involving various steps such as identifying the need for the goods, researching potential suppliers, negotiating contracts, and managing inventory. Also Read: Learn How Procurement Automation Reduces Costs and Delivery Times. Steps of the Procurement Process 1.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Negotiate Pricing Procurement Solutions 52

Unleashed

MARCH 21, 2021

It is a key part of your company’s supply chain. So, a well-defined and executed procurement strategy, along with the implementation of procurement software capabilities, can effectively help reduce costs in manufacturing, distribution and wholesale companies. Qualifying suppliers. Choosing your suppliers.

Procurement Analytics 59

Procurement Analytics Procurement Solutions Manufacturing Procurement Optimal Sourcing 59

Unleashed

JANUARY 8, 2024

We’ll also explore project procurement management and the relationship between procurement and supply chain management. Procurement management refers to the tasks and activities undertaken to plan, negotiate, source, and then purchase the goods and services your business needs to operate. What does a procurement manager do?

Procurement Solutions 52

Procurement Solutions Pricing Training Purchasing Skills Negotiating Skills 52

Precoro

DECEMBER 11, 2023

Strategic sourcing is a holistic approach to supply chain management that includes tactics for optimizing the total cost of ownership, improving supplier relationships, and ensuring long-term value creation. To enhance their competitive edge, companies across industries are adopting a key tactic: strategic sourcing.

Negotiating Skills 84

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 84

SCMDOJO

SEPTEMBER 18, 2023

In the dynamic landscape of supply chain management, precise terminology is paramount. Sourcing plays a crucial role in building strong supplier relationships and achieving cost-effectiveness in the supply chain. Stocking: Stocking relates to the physical storage and management of inventory within a supply chain.

Negotiating Skills 105

Negotiating Skills Manufacturing Procurement Optimal Sourcing Pricing Training 105

Precoro

DECEMBER 18, 2023

Healthcare procurement is a multifaceted process that involves managing suppliers, requesting healthcare products, approving the requests, monitoring inventory, tracking expenses, and overseeing budgets. Thus, effective supply chain management demands seamless cooperation among various stakeholders and departments.

Procurement Solutions 59

Procurement Solutions Optimal Sourcing Procurement Analytics Procurement 59

KEPLER Consulting

NOVEMBER 20, 2017

To reduce Supply Chain costs, once the traditional levers have been activated (supplier negotiations, transport schemes optimization, inventory reduction, etc.), The primary purpose of the total cost approach is to direct decision-making processes towards solutions that achieve a global optimum in the supply chain.

Optimal Sourcing 40

Optimal Sourcing Modeling Supply Chain Optimization Cost Reduction Strategies 40

Precoro

JULY 8, 2022

The purchasing manager is a supply chain professional who sources and acquires materials, products, and services for further use or resale by the company. It also requires good interpersonal skills to convince prospective suppliers, negotiating skills to close the deal, and the ability to make informed and timely decisions.

Purchasing Skills 75

Purchasing Skills Manufacturing Procurement Negotiating Skills Procurement Solutions 75

RELEX Solutions

MARCH 21, 2018

It also has an impact on handling, storage, and wastage costs in stores and in other parts of the supply chain. When RELEX set out to change the way retailers ordered and managed replenishment back in 2005 few companies automated their ordering. Many of those gains can be realized relatively quickly and easily.

Optimization Software 28

Optimization Software Supply Chain Optimization Price Mitigation Strategies Supply Chain Planning Software 28

SCMDOJO

DECEMBER 11, 2023

These reports serve as navigational tools, offering insights into different facets of the procurement process. Through detailed analysis of procurement processes, expenditures, and supplier negotiations, organizations can identify opportunities for cost reduction. Download Free Supplier Performance Report 3.

Procurement Analytics 21

Procurement Analytics Optimal Sourcing Procurement Solutions Material Savings 21

Infosys Supply Chain Management

SEPTEMBER 22, 2011

Technology Services. Supply Chain Management. The Infosys global supply chain management blog enables leaner supply chains through process and IT related interventions. Discuss the latest trends and solutions across the supply chain management landscape. Publishing Resources Industries.

Supply Chain Planning Software 27

Supply Chain Planning Software Supply Chain Design Software Manufacturing Procurement Supply Chain Software 27