Procurement Software

MARCH 11, 2022

Unlike for those who purchase direct materials, it’s much trickier to measure hard savings – i.e. those which are easily visible on the P&L statement – in the indirect space. Acknowledging cost avoidance: Why measuring procurement performance on hard savings alone is futile. Great for repeatable purchases.

Procurement 52

Procurement supply chain budgeting Price Negotiation 52

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. Because there are so many variables surrounding what an apartment or automobile delivers (not to mention how much it will cost in the future). It can be done.

Cost of ownership 61

Cost of ownership Buyers Logistics Change management 61

ivalua

FEBRUARY 25, 2021

ERP vs. Best-in-Class for Healthcare Supply Chain Management? Are ERP systems better than best-in-class supply chain solutions for managing healthcare supply chains? That’s the question we set out to answer in our recent panel discussion with Procurement and Supply Chain experts.

supply chain budgeting 221

supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 221

Planergy

SEPTEMBER 8, 2022

If suppliers feel like you’re constantly criticizing them or looking for ways to reduce costs, they may be less likely to want to do business with you in the future. This allows procurement organizations to identify which supplier is not meeting expectations and adjust their purchasing accordingly. Aim for Continuous Improvement.

Suppliers 52

Suppliers Management Supplier relationship management supply chain budgeting 52

SCMDOJO

APRIL 26, 2023

Category Management Software What is Category Management in Procurement? It involves segmenting spending into areas that contain similar or related products, allowing for a focused approach on categories that offer opportunities for consolidation and efficiencies. Use appropriate technology to manage the categories.

Category management 77

Category management Management Supplier relationship management supply chain software solutions 77

Supply Chain Collaborator

FEBRUARY 24, 2017

Sadly, many of the updates do nothing to improve your operational efficiency. You think because you bought TMS from one of the world’s largest software companies you’re getting the best? Your TMS hides total cost of ownership by charging a premium to train new employee/users, carriers, vendors, etc.

Cost of ownership 60

Cost of ownership Bidding Logistics Price 60

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.

Supply Chain Efficiency 139

Supply Chain Efficiency Bidding Procurement team supply chain software solutions 139

Procurement Templates

JUNE 18, 2023

ChatGPT Inflation refers to the general increase in prices of goods and services in an economy over time, resulting in a decrease in the purchasing power of money. Inflation occurs when there is an imbalance between the supply and demand of money and goods. What is inflation?

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

Empowering CPO

MAY 4, 2023

Importance of procurement in modern businesses In today’s fast-paced and competitive business landscape, procurement plays a crucial role in driving efficiency, cost savings, and overall success. Greater transparency: Real-time tracking of procurement activities allows for better monitoring and control of the entire process.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

IBM Supply Chain Blog

AUGUST 11, 2023

Or they could license expensive project management software, only to find a fraction of employees were using it. IT cost management is not just a function of cutting costs, it also entails making smarter decisions that can increase revenue and, ultimately, profitability.

Import 81

Import Management Budget Real-time Visibility 81

IBM Supply Chain Blog

JUNE 30, 2023

The growing complexity and scale of operations across industries and the need to track, monitor and manage assets, have been driving the evolution of advanced asset management software. KPI dashboards or MRO inventory optimization) and audit trails are also included in CMMS software solutions. What is CMMS and what does it do?

Management 65

Management supply chain software solutions Supply Chain Optimization Supply Chain Efficiency 65

IBM Supply Chain Blog

MARCH 14, 2024

By using fit-for-purpose databases, customers can efficiently run workloads, using the appropriate engine at the optimal cost to optimize analytics for the best price-performance. Netezza uses AI-infused granular elastic scaling that helps to ensure efficiency and cost predictability of workloads at the enterprise scale.

Data 84

Data Innovation Cost of ownership Management 84

Supply Chain Trend

DECEMBER 13, 2016

To get some answers for S&OP practitioners, Niels van Hove founder of Supply Chain Trend, interviewed a group of S&OP leaders. Supply Chain Trend will publish a weekly Q&A with these S&OP leaders. Being early in my supply chain career, I thought this should not be too bad to do.

supply chain software solutions 90

supply chain software solutions Supply Chain Efficiency Supply Chain Optimization Supply chain 90

Empowering CPO

JUNE 27, 2023

With our extensive expertise and innovative approach, we empower organizations to harness the true potential of spend analysis and unlock hidden opportunities for savings, efficiency, and growth. By proactively addressing these risks, organizations can minimize disruptions and ensure a reliable supply chain.

Procurement 40

Procurement Supply Chain Optimization Supplier consolidation Suppliers 40