Precoro

JULY 15, 2024

The chief procurement officer (CPO) is a senior executive responsible for developing and implementing their organization’s procurement policies, procedures, and strategies. Making sure these purchases are of high quality and compliant with relevant laws and regulations also falls under the CPO’s responsibilities.

Negotiating Skills 90

Negotiating Skills Manufacturing Procurement Procurement Analytics Procurement Solutions 90

Precoro

NOVEMBER 13, 2023

However, only 30% of CPOs claim they have achieved their cost-saving targets in 2023. One of the ways that procurement teams improve this figure is by tracking and improving the purchase price variance (PPV) metric. Why Is Purchase Price Variance Important?

Purchasing Skills 84

Purchasing Skills Procurement Analytics Negotiating Skills Negotiate Pricing 84

Precoro

JULY 16, 2023

The purchasing department plays a critical role in the success of an organization. Thought-out practices and well-managed workflows within the purchasing department are crucial for making sure that the company has the necessary resources available at the right time and at a reasonable cost.

Pricing Training 73

Pricing Training Purchasing Skills Procurement Analytics Purchasing Training 73

Logistics Viewpoints

APRIL 1, 2021

In a previous post , I made a case for how the Chief Supply Chain Officer (CSCO) and Chief Procurement Officer (CPO) are smarter together. Accordingly Supply Chain and Procurement will need continuous collaboration. Such sourcing events can be in the context of direct materials or logistics capacity.

Optimal Sourcing 207

Optimal Sourcing Manufacturing Procurement Procurement Analytics Procurement Solutions 207

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. Alex Zhong, Director Product Marketing at GEP.

Supply Chain Network Software 241

Supply Chain Network Software Manufacturing Procurement Procurement Analytics Optimal Sourcing 241

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 75

Negotiating Skills Purchasing Skills Buyer Training Procurement Solutions 75

ivalua

AUGUST 17, 2021

What does Procurement mean? An organization’s Procurement function is responsible for managing spend, in other words the buying goods and services that are used to make the products sold to customers as well as the purchasing of products and services used to run the organization on a day to day basis.

Manufacturing Procurement 130

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 130

SCMDOJO

SEPTEMBER 18, 2023

Whether you’re a seasoned procurement professional or just stepping into the world of sourcing and acquisitions, understanding the nuances of procurement synonyms can make all the difference. So, get ready to elevate your communication skills and gain a deeper understanding of the procurement domain.

Negotiating Skills 105

Negotiating Skills Manufacturing Procurement Optimal Sourcing Pricing Training 105

Logistics Viewpoints

OCTOBER 18, 2023

Supply chain and logistics functions have been one of the most volatile in the global economy of the last four years. Source: J.P. Global Manufacturing PMI Global Trade as a Barometer Clearly domestic business activity is much larger than international trade. Manufacturing Purchasing Managers Indexes The J.P.

Manufacturing Procurement 289

Manufacturing Procurement GEP Purchasing Skills Logistics 289

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

SYSPRO Smarter ERP

JULY 3, 2023

Using artificial intelligence (AI) in manufacturing can significantly improve productivity, reduce equipment failure, increase production efficiency and help identify new business opportunities. The area of AI that manufacturers need to explore to drive their factories into the future is machine learning (ML). The Industry 4.0

Manufacturing Procurement 98

Manufacturing Procurement Optimal Sourcing Manufacturing Data 98

Supply Chain Shaman

APRIL 27, 2022

At each company, there is a relationship between the metrics of growth, margin, inventory, customer service, and asset strategy. For the purpose of this article, I will use Return on Invested Capital (ROIC) as the proxy metric to discuss asset utilization.) Understanding this relationship requires modeling. (A A Case Study.

Procurement Analytics 341

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software 341

Logistics Bureau

DECEMBER 9, 2020

For small companies, it is usually enough to have one person dealing with procurement but in large enterprises teams of people are needed, all with specific roles to play. The Finance Manager , on the other hand, controls the financial input and output of the procurement division. How Large Procurement Teams Operate.

Manufacturing Procurement 98

Manufacturing Procurement Pricing Training Procurement Analytics Purchasing Skills 98

GlobalTranz

SEPTEMBER 12, 2016

Many different terms, such as less-than-truckload (LTL), procurement and transportation management, describe supply chain management processes. For example, transportation management often focuses on the journey of products after manufacturing. The Definition of Procurement Logistics. Purchased parts and similar items.

Manufacturing Procurement 120

Manufacturing Procurement Optimal Sourcing Procurement Solutions Procurement Analytics 120

Logistics Viewpoints

OCTOBER 14, 2024

Solvoyo has a metric they call the user acceptance rate. This metric measures the percentage of time the planners accept replenishment, transportation, or inventory plans as they are without any change in the timing of the delivery or the quantity to be delivered. You don’t act on a forecast; you act on what you purchase.

Supply Chain Planning Software 229

Supply Chain Planning Software Supply Chain Planning Scenario Planning Procurement Analytics 229

ThroughPut

MAY 3, 2024

As we step into 2024, the world of logistics isn’t what it used to be. Everything is connected – what happens in one part of the supply chain can shake things up in logistics, and the other way around. That is why logistics management software (LMS) is so much more today than what it used to be. We’ve all been witness to this!

Procurement Solutions 52

Procurement Solutions Logistics Network Optimization Software Supply Chain Planning Software Prescriptive Analytics Software 52

GlobalTranz

FEBRUARY 19, 2016

The Industrial Revolution helped change and bring prosperity into the world of manufacturing. As time passed, procurement gradually gained a larger role in the scope of manufacturing and order fulfillment. Why Is Technology Driving Procurement Trends and the Role of Procurement?

Manufacturing Procurement 120

Manufacturing Procurement Procurement Analytics Optimal Sourcing Procurement Solutions 120

Supply Chain Matters

AUGUST 5, 2024

Supply Chain Matters provides readers with a further installment in our global supply chain assessment series, specifically in providing highlights on reported July 2024 global wide PMI activity levels. The latest data reinforces indications of a global manufacturing slowdown. The July reading of 49.7 percentage points from the 50.9

Manufacturing Procurement 52

Manufacturing Procurement Manufacturing Global Procurement Analytics 52

Supply Chain Shaman

FEBRUARY 18, 2021

Next Steps: Start to model demand based on market data to align the organization on baseline demand. Resist the temptation to place deeper analytics on top of existing data models. Instead, rethink the model and the approach. Out of desperation, they turned to the use of descriptive analytics. Next Steps.

Supply Chain Planning Software 288

Supply Chain Planning Software Supply Chain Design Software Supply and Demand Procurement Analytics 288

SYSPRO Smarter ERP

APRIL 26, 2023

For manufacturers that have grown up from a small business, with a handful of employees and few customers, to one with many staff and customers, there comes a time when the business software needs of the company have to be re-evaluated. Here are ten reasons how an ERP system can help manufacturers.

Manufacturing Procurement 98

Manufacturing Procurement Optimal Sourcing Supply Chain Design Software Optimization Software 98

Supply Chain Matters

SEPTEMBER 4, 2024

Supply Chain Matters provides readers with a further installment in our global supply chain assessment series, specifically in providing highlights on reported August 2024 global wide PMI activity levels. The August data further reinforces indications of a global manufacturing slowdown. This composite index produced by J.P.

Manufacturing Procurement 52

Manufacturing Procurement Manufacturing Global South Korea 52

Logistics Viewpoints

FEBRUARY 2, 2024

And now on to this week’s logistics news. Teradyne , a supplier of semiconductor testing equipment, pulled manufacturing worth about $1 billion out of China last year, a Teradyne spokesperson said on Monday, after U.S. percent year-on-year decline in cargo ton miles to 1.8bn, although this metric increased by 9.5

Cost Reduction Strategies 257

Cost Reduction Strategies Inventory Reduction Logistics Network Optimization Software Manufacturing Procurement 257

Logistics Viewpoints

JUNE 28, 2024

And now on to this week’s logistics news. The company said that it used 85,916 metric tons of single-use plastic that year, an 11.6 Walmart announced that it will pilot agriculture technology with crop supply intelligence company Agritaskto get real-time information on crops and improve sourcing decisions around produce.

Logistics Network Optimization Software 208

Logistics Network Optimization Software Waste Reduction Logistics Price Reduction 208

Kanban Logistics

SEPTEMBER 9, 2021

The past few years have been quite the rollercoaster for manufacturers. In this article, we’ll look at the latest reports on manufacturing activity, while showing how a third-party logistics (3PL) provider can offer great logistics benefits within the manufacturing industry. Third-party procurement.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Analytics 3PL Logistics Network Optimization Software 52

Supply Chain Matters

JULY 2, 2024

Supply Chain Matters provides readers and clients with a further installment in our global supply chain assessment series in providing highlights on reported June and Q2- 2024 global PMI activity levels. Global Manufacturing Output Global-wide manufacturing levels as depicted by the J.P. average reported for Q1-2024.

Manufacturing Procurement 52

Manufacturing Procurement Manufacturing Global Optimal Sourcing 52

Logility

AUGUST 12, 2021

For example, shoppers had limited access to fresh produce, meats, and fish due to shortages and disruptions in logistics and delivery services. The key to creating an effective market-driven demand plan so that food manufacturers can build resilience is access to rich forecasts based on inputs from multiple sources.

Manufacturing Procurement 130

Manufacturing Procurement Supply Chain Planning Software Optimal Sourcing Scenario Planning 130

Supply Chain Shaman

SEPTEMBER 22, 2021

As Allyson presented her story of working for multiple consumer products companies, with very advanced technologies (demand sensing, advanced automation of forecasting, data lakes and descriptive analytics), she spoke of why at the end of the day, the most important technology that she uses is Excel. Using Analytics In the World of Gray.

Optimal Sourcing 221

Optimal Sourcing Analytics Software Procurement Analytics Supply Chain Planning Software 221

Arena Solutions

APRIL 4, 2023

The global manufacturing sector has seen an upswing, a technological renaissance of sorts. Since the start of 2012, more people graduating from college and universities are entering the engineering/manufacturing fields. The manufacturing sector has been severely impacted by this trend because production jobs are highly technical.

Manufacturing Procurement 98

Manufacturing Procurement Sourcing Strategies Inventory Reduction Cost Reduction Strategies 98

SYSPRO Smarter ERP

SEPTEMBER 1, 2022

It’s no secret that manufacturing companies around the world are rethinking their supply chain strategies. With shortages occurring in unexpected sectors and lockdown strategies impacting logistics, companies looked at reshoring to stabilize and strengthen their supply chains.

Manufacturing Procurement 105

Manufacturing Procurement Manufacturing Supply Chain Planning Software Sourcing Strategies 105

Jaggaer

OCTOBER 24, 2024

Maximizing Cost Savings Through Strategic Supplier Collaboration With the growing emphasis on long-term value creation, Chief Procurement Officers are increasingly turning to supplier collaboration as a cornerstone of cost reduction. Resolving these challenges requires a dynamic, iterative approach.

Negotiating Skills 52

Negotiating Skills Cost Reduction Strategies Material Savings Negotiate Pricing 52

SYSPRO Smarter ERP

AUGUST 28, 2024

Selecting the right ERP software for manufacturers is critical Choosing the right ERP software for manufacturers to meet specific requirements is no easy task. The options can be overwhelming and the decision is crucial, as an ERP system is the core of a manufacturer’s IT infrastructure.

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software Optimization Software 52

Logistics Viewpoints

FEBRUARY 11, 2021

At the same time, the Chief Purchasing Officer (CPO) has taken on a pivotal role by securing Personal Protective Equipment (PPE) to protect the workforce and direct materials when primary sources fail. As disruptions become the norm, Supply Chain Planning and Source-to-Pay (S2P) cycles need to be increasingly dynamic and intertwined.

Manufacturing Procurement 240

Manufacturing Procurement Sourcing Strategies Pharmaceutical Procurement Solutions 240

Supply Chain Shaman

NOVEMBER 11, 2020

Globally ten percent of jobs are in manufacturing, while 37% are associated with supply chain management. The discipline, first defined in 1982, includes source, make, deliver, and planning functions. One of my favorite supply chain leaders has a stack of Palantir reports in black binders on his desk. Reflection.

Supply Chain Design Software 307

Supply Chain Design Software Procurement Solutions Manufacturing Procurement Supply Chain Planning Software 307

Supply Chain Matters

AUGUST 3, 2022

The Supply Chain Matters blog provides commentary relative to July’s global manufacturing PMI indices relative to data indicating declining momentum, and some contraction among specific global regions. Morgan Global Manufacturing PMI® report, a composite index produced by J.P. reported for June. The July 2022 J.P.

Manufacturing Procurement 99

Manufacturing Procurement Global Manufacturing Taiwan 99

SCMDOJO

APRIL 4, 2023

Luckily, supply chain analytics is here to help! By harnessing the power of data and analytics, companies can uncover valuable insights into their supply chain processes, pinpoint areas in need of improvement, and make informed decisions that can boost their bottom line. Key Takeaways What is Supply Chain Analytics?

Prescriptive Analytics Software 111

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

Supply Chain Shaman

FEBRUARY 14, 2022

I wrote my first report on Sales and Operations Planning (S&OP) while sitting on the floor in the Atlanta airport in 2005 when I was an AMR Research analyst. I wrote many reports on airport floors in those days–electrical plugs were just too scarce.) Sales and Operations Maturity Model from 2005-2008. Mistake #3.

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

Silvon Software

MARCH 3, 2023

A Few Important KPIs for Tracking S&OP Performance As a long-time provider of business intelligence applications for manufacturing and distribution businesses, Silvon has played a key role in helping our clients define and implement performance metrics that align their S&OP initiatives with their corporate goals.

S&OP 115

S&OP Procurement Analytics Supply and Demand Analytics Software 115