Cost of ownership Related Topics 
Supply Chain Game Changer
AUGUST 30, 2022
The Single Point of Failure in Supply Chain – Semiconductor Fabrication! Many businesses use some form of Total Cost of Ownership model to support their Procurement and sourcing decisions. What is a Total Cost of Ownership Model?
Supply Chain Brain
OCTOBER 30, 2019
Companies managing global supply chains need to go well beyond what they pay their suppliers to calculate the true cost of ownership
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Supply Chain Collaborator
FEBRUARY 20, 2019
When it comes to cloud TMS software, there’s no shortage of attractively priced solutions offerings from providers large and small, young and old. Sadly, many shippers aren’t aware of all the potential costs associated with TMS ownership. As the handy graphic below illustrates, the subscription fees are just the visible portion of the iceberg, but the majority of the sunken cost (no pun intended) lies below the waterline and out of view.
Supply Chain Brain
NOVEMBER 10, 2021
Total cost of ownership is the single most important reason why you might want to reshore your operations, says Harry Moser, founder and president of the Reshoring Initiative
Procurement Tactics
MARCH 29, 2023
18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details → Or receive our famous weekly newsletter Pillars of Sustainability — Everything About Sustainability The pillars of sustainability should be embedded into an organization’s strategy to achieve sustainability.
Una
NOVEMBER 1, 2022
Benefits of Strategic Sourcing and Best Practices. Procurement professionals are abandoning traditional sourcing practices in favor of more responsive strategies to supply chain management in pursuit of more significant cost savings and organizational efficiencies.
Procurement Tactics
SEPTEMBER 7, 2022
Sustainable Procurement — The Ultimate Guide of 2022. Of course, it is no secret that the world is focused on sustainability. In this article, we will discuss the definition of sustainable procurement and its significance in every sector. The 3 Pillars of Sustainable Procurement.
Procurement Tactics
SEPTEMBER 21, 2022
After reading this article, you will have an enhanced knowledge of the requirements in sustainable procurement. It integrates requirements, specifications, and criteria that are compatible with the protection of the environment and society. Cost reduction.
Una
MARCH 16, 2023
Each week, the Una team will explore one of ten common pain points impacting procurement today, and put forth actionable solutions to each of these challenges. “Hi, The problem lies with a lack of influence. Ignorance of what procurement can do and the value it can bring.
ivalua
MARCH 18, 2021
Massy, France 18 March , 2021 – Ivalua, a leading provider of global Spend Management Cloud solutions, and CKS BeNeLux today announced that Punch Powertrain has successfully deployed Ivalua’s platform to support the digital transformation of the strategic sourcing process.
Procurement Tactics
SEPTEMBER 15, 2022
However, this kind of purchasing is important, especially in the supply chain. . Once you are done reading this article, you will have a deeper understanding of why companies are adopting sustainability not just in purchasing but also in the supply chain.
Supply Chain Game Changer
AUGUST 4, 2020
While the initial shock of the pandemic is largely behind us the impacts and ramifications from it will be felt for years to come. In this article we share our video of the 10 most Critical Supply Chain lessons that we must learn and make improvements through our future strategies and actions.
Supply Chain Collaborator
JANUARY 7, 2020
You have to ask the right questions to get the right answers to the most relevant challenges inherent in selecting a technology (and more importantly a provider/partner). Seeking detailed answers to questions about TMS features, functionality, data security and costs is surely important.
ivalua
FEBRUARY 25, 2021
In terms of feature vs. function, they appear the same, but are they? According to Gartner, up to 67% of ERP implementations fail — and as more solutions migrate to the cloud, they predict the failure rate could climb to as much as 90% by 2025. Point-of-use data capture.
Zycus Cognitive Procurement
JANUARY 2, 2023
With AP automation services , enterprises can process invoices faster and more accurately, reduce the risk of errors and fraud, and improve cash flow management. Optical character recognition (OCR) is a legacy software tool used for digitization of paper-based information assets.
Una
JANUARY 30, 2023
Changing the Face of Procurement Tips for changing the face of procurement and how practitioners can combat outdated perceptions of the sourcing function. Below, we explore some of the ways that we – as a profession and as individuals – can help change the face of procurement.
Skill Dynamics
NOVEMBER 17, 2022
The Qatar World Cup begins this Sunday and if you need a reminder of the value of training and teamwork, it’s about to be in the world’s view for the next few weeks. In an age where digital has become king, the value of face-to-face, one-on-one meetings shouldn’t be overlooked.
NLPA (Next Level Purchasing Association)
JANUARY 17, 2023
If Procurement can impact everything from customer satisfaction and product & service quality to cash flows and profitability – shouldn’t it be on top of every team’s 2023 training list? All these have led to costly impacts on businesses and the global economy.
NLPA (Next Level Purchasing Association)
OCTOBER 17, 2022
This is especially true at a time when organizations are preoccupied with ensuring reliable supply lines, cost reduction, risk mitigation, business continuity, and so on. . This post examines methods to improve supply reliability, resilience, reduce cost, and mitigate disruption. .
Una
FEBRUARY 8, 2023
10 Ways Procurement Can Cut Costs This Year Back-to-basic cost reduction strategies that generate 10 ways procurement can cut costs, generate savings, and demonstrate the function’s value. 10 Ways procurement can cut costs New year, new cost-savings target?
TYA Suite
DECEMBER 16, 2022
If you dive into the seas of technical terms and organizational language, you will realize that the terms are different and must be used appropriately for official conversations. such as TYASuite for the automation of these processes.
Una
JANUARY 9, 2023
Regardless of definition, tail spend is like watching the tail of an excited dog – difficult to track. However, if properly managed, tail spending can significantly reduce costs by as much as 10 percent or more of a company’s indirect expenses. .
SCMDOJO
JULY 29, 2022
Economic order quantity is one of the “most commonly used inventory-control techniques”. Like safety stock calculations , EOQ is one of the most important equations in supply chain planning. S = Cost per order. Robbins, Decenzo, and Coulter, Fundamentals of Management , 124.
Arkestro
JUNE 27, 2022
Needless to say, since the COVID-19 pandemic first began, the supply chain has been upended—although the ultimate cause of the disruption might not be what you think. We couldn’t agree more, especially on the use of advanced analytics, prediction, and automation.
ivalua
JULY 15, 2015
Strategic sourcing requires an intense focus on the total cost of ownership, while incorporating customer needs, organizational goals, and market conditions. Today, the manufacturing industry is moving through a massive transformational period driven by a variety of forces , including a changing world economy, increasing access to data, emerging technologies, and breakthrough innovation in materials, assembly operations, and transportation.
ivalua
MARCH 18, 2021
Massy, France 18 March , 2021 – Ivalua, a leading provider of global Spend Management Cloud solutions, and CKS BeNeLux today announced that Punch Powertrain has successfully deployed Ivalua’s platform to support the digital transformation of the strategic sourcing process.
SCMDOJO
FEBRUARY 13, 2023
The procurement department is an integral part of any organization, playing a crucial role in the purchasing process. This department manages the selection, acquisition, and payment of goods and services needed to run a business.
Supply Chain Game Changer
MARCH 30, 2022
Prospects of the banking market. The US financial market is a leader in terms of the variety of technological convenience for the client. It is needed to ensure the efficiency of the cost of ownership of the technological landscape of financial services.
SCMDOJO
APRIL 3, 2022
eAuctions are online real-time dynamic discussions between one purchasing organization and a group of pre-qualified vendors competing for the purchaser’s trade. Digital bidding, or eAuctions, are a more efficient way of negotiating with vendors in the international market.
Sourcing and Supply Chain
JUNE 24, 2021
Category Management is the concept of the Retail industry that helps for better management as well as sales of a similar category of product by bundling the same. There is a constant focus on understanding costs and value, and looking for ways to take cost out of the product.
Una
SEPTEMBER 22, 2022
Procurement embodies purchasing across a wide range of categories. The procurement process involves strategy, research, negotiation, and implementation to ensure your company is running efficiently and cost-effectively. Every IT tool or resource comes with at least a little bit of risk.
Supply Chain Game Changer
AUGUST 30, 2022
Being one of the financially savvy entrepreneurs seems ever more elusive to those of us firmly in the middle class. Debt is hard to climb out of and it sometimes seems like the world is set up against us. The internet is one of the best places to generate wealth on the side.
The Good Spending
NOVEMBER 5, 2021
Procurement is on the journey from cost-cutting to value delivery Naturally, Procurement started in the lowest cost arena, where the cheapest bid wins. This article will map our journey from cost-cutting to value delivery on the road to Procurement 4.0.
The Procuretech Podcast
DECEMBER 7, 2021
Our final episode in our mini-series of e-Sourcing platforms brings us to a well-estalished provider who has been in the space for over 20 years. So, during the interview with Henrik Balslev, CCO of Danish Source-to-Contract (S2C) software Scanmarket, the most obvious thing to talk about was all of the data they've collected since they've been offering e-auctions and RFx solutions to their customers.
Procurify
MAY 12, 2022
One focuses on transactional functions, for example, while the other focuses on the strategic process of product sourcing. In a business, purchasing is the act of acquiring a good or service and typically involves the immediate day-to-day transactions between sellers and buyers. .
Procurify
MAY 24, 2022
Imagine this scenario: Your desk is full of piles of paperwork waiting to be processed and there’s some more on the way. You are staring at Excel sheets trying to make sense of the numbers before the important meeting with your largest supplier that starts in a few minutes. .
Procurement Software
MARCH 11, 2022
Like it or not, cost avoidance is a hard sell to most CFOs. Procurement organisations are still primarily measured on cost savings. Examples of this are deferring the impact of commodity price increases, or just offsetting inflationary pressures to stand still.
Procurement Software
MARCH 11, 2022
Like it or not, cost avoidance is a hard sell to most CFOs. Procurement organisations are still primarily measured on cost savings. Examples of this are deferring the impact of commodity price increases, or just offsetting inflationary pressures to stand still.
Zycus Cognitive Procurement
SEPTEMBER 2, 2021
The success of any transformation project like most major IT projects depends on how well it is implemented. While the software evaluation often involves multiple rounds of demos, workshops, proof of concept pilots etc., A McKinsey and University of Oxford research suggests that on average, large IT projects run 45% over budget and 7% over time, while delivering 56% less value than predicted. Cost Differentiators –. BE WARY OF HIDDEN IMPLEMENTATION COSTS.
Supply Chain Collaborator
FEBRUARY 24, 2017
We hate to be the harbinger of bad news but we’re pretty sure your current TMS solution sucks and it is having negative ramifications for your entire organization. The truth though, is that you may not think so kindly of your solution once you’ve compared it to better options. Here are some of the ways your TMS sucks and how engaging a better solution could improve your transportation logistics and boost your company’s competitive advantage.
Jaggaer
APRIL 22, 2019
Earth Day (April 22nd) is a celebration of commitment to creating a safer, healthier and cleaner world, making it a natural time to reflect on the power and value of sustainable procurement programs. In France, laws such as Duty of Care (Devoir de Vigilance) as well as Sapin 2, are holding large companies responsible for due diligence on environmental, social and ethical practices of subsidiaries and suppliers. Are you evaluating the true cost of your award decisions?
Supply Chain Collaborator
APRIL 7, 2016
Choose the stodgy, uninspired logistics IT solution provider with the middling results/poor cost efficiency it delivers and you’ll be remembered as lacking vision. Choose the sexy, innovative/disruptive provider with unproven capabilities and you risk being remembered as having saddled your organization with a costly and ineffective solution. Look, you wouldn’t decide which apartment to rent solely on the recommendation of the realty agent.
Supply Chain Game Changer
NOVEMBER 13, 2018
From the starting point of the traditional buy-sell, transaction-based purchasing, the practice has moved through stages of change that redefines most aspect of the business. A typical Purchasing Function is limited to the transactional job of collecting information about the requirements of user departments and carrying out commercial checks and balances to finally procure the product & service based on c ost reduction only and focused on supply continuity.
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