article thumbnail

How Modern Software Empowers Procurement with Agility and Resilience in Times of Crisis

ivalua

The pandemic wreaked havoc on businesses and their supply chains, but even in these trying times, there’s a silver lining. Access to this data is especially important when there are supply chain disruptions , such as those caused by the global pandemic. Start by Putting the Right Technology in Place.

article thumbnail

Inventory Forecasting — Everything You Should Know

Procurement Tactics

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Inventory Forecasting — Everything You Should Know Inventory forecasting allows you to predict when supply chains and consumer demand are going to change. However, what is it?

Inventory 170
professionals

Sign Up for our Newsletter

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

article thumbnail

Purchase Order Funding & Financing: A Comprehensive Pocket Guide

Procurify

The global supply chain took a massive hit during the Covid-19 pandemic, and its effects on organizations continue to this day. From increasing consumer demand, to labor shortages and surging shipping costs , companies all around the world have to deal with multifaceted challenges. The importance of purchase orders.

article thumbnail

Everything You Need to Know About the Bullwhip Effect

Finale Inventory

Businesses use the supply chain to order and distribute goods to consumers. Supply chain layers work together to create and distribute products across the globe. However, disturbances in this chain can disrupt access to goods and other business functions. What Is the Bullwhip Effect?

article thumbnail

Supercharge Your Business With Back-Office Automation: The Ultimate Guide

Pipefy

Business process automation streamlines many time-consuming, labor-intensive, and repetitive tasks typically handled by internal departments like HR, IT, and finance. Multiple stakeholders must review requisitions and purchase orders, creating a time drain for purchasing staff.

article thumbnail

Budgeting Process: Steps and Best Practices for Planning a Budget

Planergy

We will also look at how spend management software , like Planergy, can help keep track of expenses and control spending within budget limits. Modern Software Reduces Budgeting Time & Effort Many businesses still rely on outdated, manual budgeting methods, such as spreadsheets or pen and paper. Why is Business Budgeting Important?

article thumbnail

5 Benefits of a POS System!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. A smart POS system performs more tasks than simply notifying the consumer. The emergence of new POS systems is necessary, given the diversity of payment options and consumer demand. You have a plethora of these options with POS software. Subscribe Here! Email Address.