Procurement Tactics

MARCH 27, 2023

Although it always relates to demand and sales projections, forecasting can also be used to determine product pricing, lead times, labor needs, and more. The integration of AI into forecasting improves accuracy, saves more money, and helps businesses react to exceptions in real-time.

supply chain budgeting 192

supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 192

World of Procurement blog

MAY 8, 2024

Well-defined contracts help ensure suppliers meet expectations while protecting the buyer's interests. The procurement team manages the order, monitors quality, ensures on-time delivery, processes invoices, and handles any issues that arise during fulfillment. Setting the right KPIs ensures priorities are clear for the team.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Let's Talk Supply Chain

JUNE 15, 2023

Will my deliveries reach my customers on time? Creating something from the ground up also needs time. Purchasing last-mile technology nearly always guarantees faster deployment times and reduced capital expenditure. Efficient routing can help reduce delivery time, and fuel costs, and improve overall productivity.

Route optimization 98

Route optimization Real-time Visibility Supply Chain Efficiency Supply Chain Optimization 98

Supply Chain Game Changer

OCTOBER 1, 2019

Purchase orders would be written out by hand and mailed or faxed to suppliers with buyers calling suppliers on the phone to tell them about their needs as well as the inevitable changes in demand. Visibility to where goods were was largely limited to updates that came over the phone. Conclusion.

Supply Chain Optimization 82

Supply Chain Optimization Supply Chain Efficiency supply chain software solutions Supply chain 82

Supply Chain Game Changer

JANUARY 30, 2020

We spent a few days crawling through the finite details of the Supply Chain organization, processes, performance, metrics and strategies. In that meeting I set the target … we needed to reach double digit Inventory turns within the next year. Supply/Demand Planning. The implications of this are incredible.

Inventory 61

Inventory Agile and Lean Supply Chain Supply Chain Optimization Replenishment ordering 61

Supply Chain Game Changer

NOVEMBER 10, 2018

Because the pace of business has increased exponentially, and businesses must be able to respond to new market demands with agility and innovation. In this climate, buyers are relying on suppliers more than ever before. Supplier collaboration has always been a function of maintaining a delicate balance between demand and supply.

Collaboration 66

Collaboration Supply Chain Optimization Agile and Lean Supply Chain supply chain budgeting 66

Supply Chain Game Changer

NOVEMBER 16, 2018

We spent a few days crawling through the finite details of the Supply Chain organization, processes, performance, metrics and strategies. In that meeting I set the target … we needed to reach double digit Inventory turns within the next year. Supply/Demand Planning. The implications of this are incredible.

Inventory 43

Inventory Agile and Lean Supply Chain Supply Chain Optimization Replenishment ordering 43