article thumbnail

The Role of IT in Supply Chain!

Supply Chain Game Changer

Supplier Relationship Management (SRM) involves relationships between buyers and sellers or manufacturers and suppliers. Demand Planning. Demand planning involves finding where you’ll get your items, how much you need to order, and when to call them. Supplier Relationship Management.

article thumbnail

From Spend to Supply — Coupa’s direct spend management progress

Spend Matters

These capabilities further extend Coupa’s existing advanced supply chain capabilities (Supply Chain Planning and Design solution). Purchase Order (PO) collaboration for buyers and suppliers to know in real-time the status of POs and Scheduling Agreements (SA), acknowledgements, ASNs, etc.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Supply Chain Forecasting — Everything You Should Know

Procurement Tactics

Having too little in stock means running out at unfortunate times when the demand is high, causing your buyers to buy elsewhere. Demand forecasting can analyze how many products your customers may likely order during a specific week, month, or quarter.

article thumbnail

Supply Chain Department – A Typical Structure

SCMDOJO

This includes implementing lean manufacturing principles and utilizing advanced planning software, so businesses can optimize production processes and minimize waste. Demand Planning and Inventory management Inventory management is crucial for ensuring adequate stock levels and minimizing carrying costs. Access yours here!

article thumbnail

The Big Interview with Lorna Baker

Procurement Heads

The thing I’m most passionate about is ensuring that we, as buyers, are ensuring the company uses the money and resources we’ve got in a way that benefits our customers and wider society so that we can get true value for money. What are you most passionate about when it comes to procurement?

article thumbnail

Overcoming Black Friday purchasing and warehouse challenges

EazyStock

The extended sales period sees increased pressure on companies to get ahead on their demand planning and ensure they have the necessary inventory. Many companies have started planning in the spring in recent years due to increased challenges from more supply chain disruptions.

article thumbnail

Overcoming Black Friday purchasing and warehouse challenges

EazyStock

The extended Black Week sales period sees increased pressure on companies to get ahead on their demand planning and ensure they have the necessary inventory. Tips for inventory planning during Black Friday. Now, the whole week is called Black Week due to the increase in trading in the surrounding days, including Cyber Monday.