Procurement Insights

APRIL 18, 2025

Based on the input from the 1998 Agent-based RAM platform, which featured self-learning algorithms within a nascent AI framework, confirmed prior research indicated that Indirect Material MRO products were prone to much greater volatility over time than Direct Materials.

Price 75

Price Demand Supply chain Real-time Visibility 75

Supply Chain Game Changer

AUGUST 24, 2021

Leveraging relevant technology in the supply chain from the moment your suppliers bring in raw materials, during storage of the materials and manufactured products in the warehouse, and distribution of products to the final consumer can increase efficiency, boost production, reduce time wastage and improve business revenues.

Supply Chain Optimization 119

Supply Chain Optimization Supply Chain Efficiency Supply chain Real-time Visibility 119

Supply Chain Game Changer

NOVEMBER 17, 2022

But, in the current international atmosphere of supply chain troubles and widespread shipping congestion, the topic is a timely one. Fortunately, the newest versions of analytics or big data are already demonstrating their potential for helping move merchandise and raw materials from Point A to Point B, wherever those points happen to be.

Supply Chain Optimization 98

Supply Chain Optimization Supply Chain Efficiency Supply chain Route optimization 98

Procurement Tactics

JUNE 26, 2023

Social Media Trends Instagram, TikTok, Facebook, and Pinterest are the best channels that offer real-time trending products to sell. These tips will likely change over time so constant research and informed decisions will play a big part. He has helped me immensely every time I spoke with him. Here are the top 3 tips: 1.

Price 195

Price Suppliers Negotiation Real-time Visibility 195

Supply Chain Game Changer

MAY 23, 2022

A company’s supply chain usually comprises all the operations between sourcing raw materials and delivering the product to customers. With reduced duplication of effort and time-saving, knowledge is more effectively utilized. Improves real-time decision making for efficient supply chain management.

Supply chain management 98

Supply chain management Supply chain management Supply Chain Efficiency supply chain budgeting 98

SCMDOJO

DECEMBER 14, 2023

Time is really important in business. Knowing how crucial time is for keeping customers happy and influencing what they buy, it’s clear that handling lead time (which means the time it takes to get things ready) is not just needed for business, but it also gives an edge in today’s competitive and complex economy.

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization Real-time Visibility 98

Procurement Software

JULY 9, 2024

Direct procurement involves acquiring raw materials and components essential for your production process. These requirements can – and often do – override opportunities to deliver savings by switching suppliers for raw materials and component parts. How does tech for direct and indirect procurement differ?

Raw materials 40

Raw materials supply chain software solutions Procurement Supply Chain Efficiency 40

Procurement Software

MARCH 11, 2022

Supplier collaboration portals to drive innovation and real time project management without email or spreadsheets. Spend visibility i.e. through a spend analysis report or a spend analytics dashboard. Yet hardly any TRULY have a real grip on what they BUY. Every company knows what they sell. It adds no intrinsic value.

supply chain software solutions 52

supply chain software solutions Procurement Real-time Visibility Raw materials 52

Procurement Software

MARCH 11, 2022

Supplier collaboration portals to drive innovation and real time project management without email or spreadsheets. Spend visibility i.e. through a spend analysis report or a spend analytics dashboard. Yet hardly any TRULY have a real grip on what they BUY. Every company knows what they sell. It adds no intrinsic value.

supply chain software solutions 52

supply chain software solutions Procurement Real-time Visibility Raw materials 52

Procurement Software

MARCH 5, 2024

Multi-functional technology enables you to train anywhere at any time, while ever-learning programming allows you to experiment and practice to achieve different outcomes. LavenirAI allows you to train anywhere, any time, so you can stay at the top of your game. It promises to assist with improving buyer and supplier collaboration.

Real-time Visibility 52

Real-time Visibility supply chain software solutions Procurement Supply Chain Efficiency 52

Finale Inventory

MARCH 28, 2024

As buyers seek out transparency in product sourcing and consider the environmental impact of services like overnight order delivery, their support for sustainable practices is growing. Placing larger orders than necessary from suppliers requires more raw materials and packaging and uses more fuel for shipments.

Supply Chain Efficiency 52

Supply Chain Efficiency Raw materials Sustainability Inventory 52

Claritum

JULY 5, 2018

Whether you are focused on controlled growth or cost efficiencies, the ability to measure what is occurring in real time is essential to making decisions. The supply chain may contain components of raw materials, manufacturers, wholesalers, distributors, resellers, agents, logistics, retailers and many other entities.

Real-time Visibility 36

Real-time Visibility Management Chief Procurement Officer Supply Chain Efficiency 36

Procurement Software

JULY 4, 2023

It also provides real-time data and analytics that can be used to improve purchasing decisions. It can also provide real-time data and analytics. OCR also enhances customer experience by simplifying access to data, improving response times, and streamlining workflow.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement supply chain budgeting 52

Supply Chain Game Changer

APRIL 26, 2020

Thank you Derek for your friendship, your support of Supply Chain Game Changer, and taking the time to share your experiences and expertise with us. It was here where I first really started to appreciate that it was the materials, or lack thereof that we talked about the most.

Leadership 52

Leadership supply chain budgeting Supply Chain Optimization supply chain software solutions 52

World of Procurement blog

MAY 8, 2024

Types of Procurement There are several types of procurement that organizations utilize: Direct Procurement Direct procurement involves purchasing raw materials and components that go directly into a company's end products. Well-defined contracts help ensure suppliers meet expectations while protecting the buyer's interests.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Supply Chain Game Changer

NOVEMBER 17, 2018

Thank you Derek for your friendship, your support of Supply Chain Game Changer, and taking the time to share your experiences and expertise with us. It was here where I first really started to appreciate that it was the materials, or lack thereof that we talked about the most.

Leadership 45

Leadership Networking supply chain budgeting Supply Chain Optimization 45

SCMDOJO

APRIL 22, 2022

At such a time, NFTs will prove their worth. With the ability to know the real-time movement of the product due to its tokenization system, a company can easily find out the owner of the asset by quick scans and running reports. The tokenization system will also improvise how inventories are managed in the supply chain.

Supply Chain Efficiency 137

Supply Chain Efficiency Supply chain Real-time Visibility Supply 137

Supply Chain Game Changer

JANUARY 30, 2020

As I mentioned in my prior blogs, Inventory Turnover Breakthrough , we needed to take a holistic approach and we needed to tackle the high level levers that influence inventory levels. . There is no visibility to, ratification of, or governance of the demand being loaded into the ERP system. Raw Material Management.

Inventory 71

Inventory Agile and Lean Supply Chain Supply Chain Optimization Replenishment ordering 71

Supply Chain Game Changer

NOVEMBER 16, 2018

As I mentioned in my prior blogs, Inventory Turnover Breakthrough (Parts 1 and 2) , we needed to take a holistic approach and we needed to tackle the high level levers that influence inventory levels. There is no visibility to, ratification of, or governance of the demand being loaded into the ERP system.

Inventory 57

Inventory Agile and Lean Supply Chain Supply Chain Optimization Replenishment ordering 57

Arkestro

DECEMBER 12, 2022

Supply Chain Visibility. Supply chain visibility is another critical issue. Visibility provides regulatory and consumer assurance in the face of issues like counterfeiting. And many consumers and advocacy groups are sensitive to the environmental impact of products or raw materials that may be harvested using forced labor.

Real-time Visibility 52

Real-time Visibility Procurement e2e Raw materials 52

Procurement Insights

FEBRUARY 26, 2025

At its core, Velocity Procurement seems to extend Hansens 1998 innovationswhere he slashed costs by 23% annually and cut buyer teams dramaticallyinto a philosophy for today. Back then, he used an algorithm-based platform to forecast demand, optimize inventory, and sync with suppliers for MRO parts. That systems success (e.g.,

Agile and Lean Supply Chain 83

Agile and Lean Supply Chain Procurement Real-time Visibility Supply Chain Optimization 83