Una

DECEMBER 6, 2022

8 No-Brainer Reasons to Join a Group Purchasing Organization. Procurement no-brainers include low-risk, high-return activities like centralizing data , paying suppliers on time, and optimizing processes. 8 Reasons to join a group purchasing organization. By Hugo Britt | December 6, 2022. Here’s why. Lower risk? Yes, please.

Purchasing 98

Purchasing Procurement strategies Risk Suppliers 98

Arkestro

FEBRUARY 15, 2023

Automotive purchasing has been a hot topic in recent years. Luckily, Artificial Intelligence (AI) solutions can help make automotive purchasing more reliable, by: Streamlining purchase orders Decreasing the oversight and time spent in workflows to manually review and verify mundane details in purchase orders and verify their accuracy.

Purchasing 52

Purchasing Purchase orders supply chain software solutions supply chain budgeting 52

IBM Supply Chain Blog

SEPTEMBER 6, 2023

AI for business has long been able to achieve multiple marketing functions: seamless connection across any platform or device, immediate response when experiencing issues and customization based on current location and purchase history. The journey starts with sound data. Thus, the tool has the potential to provide unexpected results.

Data 120

Data Strategy Ethics Quality 120

IBM Supply Chain Blog

NOVEMBER 29, 2023

With the emergence of new advances and applications in machine learning models and artificial intelligence, including generative AI, generative adversarial networks, computer vision and transformers, many businesses are seeking to address their most pressing real-world data challenges using both types of synthetic data: structured and unstructured.

Quality 86

Quality Data Risk Networking 86

IBM Supply Chain Blog

JANUARY 24, 2024

There are times, though, when organizations prefer to keep certain applications and data in their own data center—security and compliance requirements or control of sensitive data for example. Migrating to the cloud versus a data center refresh is a complex decision.

Data 65

Data Strategy Demand Budget 65

Supply Chain Brain

OCTOBER 30, 2023

One explanation for the divergence is that Americans are souring on the future. Polls show waning confidence in the economy.

Purchasing 59

Purchasing Data 59

Una

MAY 23, 2023

Group Purchasing and Indirect Spend: A Fairy-tale Romance A unique take on the relationship between group purchasing and indirect spend and how the two work together to drive cost savings and value. Once upon a time, in the bustling World of Procurement, there existed a charming knight known as Group Purchasing.

Purchasing 52

Purchasing Supply Chain Efficiency Supply Chain Optimization Procurement 52

Una

AUGUST 9, 2022

How to Use Group Purchasing as a Cost Reduction Strategy. For most of us, 2020 was no time to purchase a new car or book a future trip to Disneyland. A group purchasing organization (GPO) leverages the collective buying power of its members to obtain volume discounts from suppliers and retailers. in April 2020. Related Posts.

Purchasing 96

Purchasing Strategy supply chain budgeting Procurement team 96

Spend Matters

AUGUST 31, 2023

It’s a convergence of three main factors: lack of data, limited resources and inefficient tooling. This patchwork of tools across various steps of the vendor management lifecycle has created technology, team and data silos. That data is siloed across tools and teams or simply doesn’t exist.

Data 102

Data Vendor management Procurement e2e 102

Arkestro

OCTOBER 13, 2023

In this episode, Edmund discusses two main topics: First, what makes the automotive purchasing process so complex, from buying electronics to seat fabric, the chassis, the tires, and onward.

Purchasing 40

Purchasing Price Data 40

EazyStock

NOVEMBER 17, 2022

This year, purchasing teams are also facing continued challenges due to global supply chain and logistics pressures, component shortages, and soaring prices for electricity and fuel. The key is to keep track of your inventory planning and purchasing processes. It is also important to consider qualitative data.

Purchasing 52

Purchasing Supply Chain Optimization Supply Chain Efficiency Inventory 52

EazyStock

NOVEMBER 17, 2022

This year, purchasing teams are also facing continued challenges due to global supply chain and logistics pressures, component shortages, and soaring prices for electricity and fuel. The key is to keep track of your inventory planning and purchasing processes. It is also important to consider qualitative data.

Purchasing 52

Purchasing Supply Chain Optimization Supply Chain Efficiency Inventory 52

Pipefy

JANUARY 31, 2023

Why purchase request approval is important The purchase requisition approval process is the final layer of review that’s required for all purchase requests. Once purchase requisitions are processed and approved, a purchase order is generated and submitted to the vendor or supplier for fulfillment.

Purchasing 52

Purchasing Purchase orders Real-time Visibility e2e 52

Supply Chain Brain

FEBRUARY 17, 2021

Resilinc Corporation, a global supply chain monitoring, mapping and resiliency solution, recently announced the launch of its Predictive Purchase Order On-Time Delivery solution. The artificial intelligence powered tool predicts how a supplier will perform in the face of disruption by analyzing past events and on-time delivery data.

Purchase orders 85

Purchase orders Purchasing Supply chain Suppliers 85

Procurify

MAY 12, 2022

Many people use the terms procurement and purchasing interchangeably. In this guide, we clarify any confusion on the difference between procurement and purchasing, and deep dive into each area. What is purchasing? For example, by creating and fulfilling purchase orders and arranging payment for goods. Before we begin.

Purchasing 52

Purchasing Procurement Purchase orders Cost of ownership 52

SCMR (Supply Chain Management Review)

FEBRUARY 8, 2024

A data dive into supply chain salaries and job openings at Zetwerk found the median salary above $90,000 with logistician and industrial engineers seeing the highest job growth opportunities.

Supply chain 56

Supply chain Purchasing Management Supply 56

TYA Suite

DECEMBER 16, 2022

You may have seen people use procurement and purchase interchangeably. Now, how do you differentiate procurement vs purchase these terms? To differentiate these terms, you need to understand the definition of procurement and purchase these terms. Now, let's look at the key differences between procurement and purchase.

Purchasing 52

Purchasing Procurement Eprocurement Cost of ownership 52

Arkestro

OCTOBER 13, 2022

Many complexities go into manufacturing a vehicle, including sourcing and purchasing all the different parts. But what makes automotive purchasing so complex? What data do we need access to in order to make smarter decisions? And where does AI fit into the mix? .

Purchasing 52

Purchasing Price Data Procurement 52

IBM Supply Chain Blog

APRIL 25, 2023

In a prior blog , we pointed out that warehouses, known for high-performance data processing for business intelligence, can quickly become expensive for new data and evolving workloads. To do so, Presto and Spark need to readily work with existing and modern data warehouse infrastructures. Some use case examples will help.

Data 57

Data Strategy Warehouse optimization Demand 57

Finale Inventory

JULY 14, 2023

BOPIS allows sellers to make products purchased in Amazon’s online store ready for pickup within just hours at their physical locations. In addition to getting products into the hands of consumers quickly, sellers can save on shipping expenses by fulfilling BOPIS purchases via their local brick-and-mortar storefronts.

Purchasing 52

Purchasing Inventory Quantity Data 52

EazyStock

JUNE 23, 2022

What is big data? All successful businesses use data to develop strategies and review their outcomes. But as the number of systems being used increases, the amount of data available for consumption and analysis grows exponentially. Unstructured data isn’t as accessible to search or export and is often text-heavy.

Inventory 52

Inventory Data Management Real-time Visibility 52

SCMDOJO

JUNE 6, 2023

Supply chain optimization can achieve this with the help of data analytics. Data analytics helps businesses make data-driven decisions and initiatives. How does data analytics help supply chain optimization? Let’s explore the roles which data analytics play in this process. Why is it crucial?

Supply Chain Optimization 72

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency supply chain software solutions 72

EazyStock

AUGUST 28, 2023

In the rapidly evolving business landscape, staying ahead of the competition requires more than just good instincts – it demands data-driven decision making. When it comes to inventory management, relying on gut feelings and historical data may lead to inefficiencies, missed opportunities and incorrect inventory levels.

Real-time Visibility 52

Real-time Visibility Inventory Data Management 52

Supply Chain Dive

NOVEMBER 29, 2022

The logistics giant gains a deeper look into pre-purchase behaviors, while the e-commerce platform gets access to post-purchase insights.

Data 109

Data Purchasing Logistics 109

Planergy

DECEMBER 25, 2023

Helping organizations spend smarter and more efficiently by automating purchasing and invoice processing. Gone are the days when you must rely on historical data and make reactive decisions. Thanks to AI and other tools, you can now make better decisions with real-time data. What's Planergy? Let’s delve into the details.

Real-time Visibility 52

Real-time Visibility Data Budget Strategic planning 52

SpendHQ

APRIL 4, 2023

Spend analysis gives procurement teams the intelligence they need to drive value – to make more informed sourcing and purchasing decisions with lower potential risk. Identifying and Solving Procurement’s Spend Data Challenges appeared first on SpendHQ. The post Why is This So Hard?

Data 52

Data Procurement team Purchasing Risk 52

Supply Chain Brain

MARCH 19, 2023

Retailers strive to personalize the shopping experience, especially for online purchases. At what point, though, does that effort cross the line and become an invasion of the consumer’s privacy?

Data 84

Data Purchasing 84

ivalua

JANUARY 31, 2023

By integrating the EIC’s functionalities in their procurement practices, organizations can dramatically accelerate sustainability agendas with reliable emissions data for all the direct and indirect products and services they acquire, and establish transparent reporting standards.

Supply Chain Efficiency 246

Supply Chain Efficiency supply chain software solutions Innovation Supply chain 246

Procurement Tactics

JUNE 28, 2023

It involves systematically tracking, recording, and analyzing data or metrics relating to procurement activities to improve efficiency, and cost-effectiveness , comply with business policies and procedures, and ultimately aid in important business decision-making. What is Procurement Tracking? The key elements are typically: 1.

Supply Chain Efficiency 178

Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting 178

Procurement Tactics

DECEMBER 6, 2022

It is a set of practices that ensures smart procurement decisions and efficient purchasing. Unclear purchasing policies. If the purchasing policies are poorly communicated, the procurement department or teams may not know what is expected of them. Manual processes in spend management cause many mistakes and errors in data.

Spend management 172

Spend management Management Real-time Visibility Budget 172

Planergy

OCTOBER 4, 2022

Big Data Analytics: What It Is and Why It Is Important. Big Data Business Intelligence (BI) Spend Analytics. What is Big Data Analytics? How Big Data Analytics Works? Big Data Benefits. Big Data Challenges. Big Data Analytics Tools. In today’s business world, data is king. Data Collection.

Data 52

Data Import supply chain software solutions Quality 52

Solvoyo

JULY 15, 2021

Your customers came into your store, purchased what they needed, and went home. Now you must be able to quickly fulfill demand when and where it exists — and heaven-forbid you do not have what the customer … Continue reading "Master Big Data for Best-in-Class Retail".

Data 52

Data Purchasing Demand 52

Planergy

DECEMBER 22, 2022

ESG Analytics: Using Data Analytics To Make Your ESG Strategy A Reality. Big Data Business Intelligence (BI) Ethical Sustainability & Responsibility. ESG analytics is an emerging data science focused on helping companies see how well they adhere to ESG initiatives. The Different Types of ESG Data. Download Free Copy.

Data 52

Data Strategy Sustainability Ethics 52

Procurement Tactics

MAY 9, 2023

In procurement, invoice reconciliation refers to the process of checking the invoices received from a supplier with the purchase orders to verify if they match. During the reconciliation process, discrepancies between the purchase order and invoice are identified. Tips on Reconciling the Invoice 1.

Purchase orders 182

Purchase orders Negotiation Purchasing Procurement strategies 182

Supply Chain Opz

MARCH 31, 2015

What are the essential purchasing books you should read? In this article, we will uncover the best purchasing books to help you get the edge over competition. Background Historically, purchasing people are considered a kind of clerical workers who are expected to perform basic tasks such as document issuance and price negotiation.

Purchasing 111

Purchasing supply chain budgeting Price negotiations Supply chain management 111

Procurement Tactics

JANUARY 5, 2023

It allows them to have a purchasing experience that provides process improvement and better spend management for the entire organization without leaving their e-procurement system. Approved purchasers from the buying organization can access hosted catalogs as part of the purchasing process. Smooth purchasing transactions.

Buyers 179

Buyers Purchasing Suppliers Procurement 179

IBM Supply Chain Blog

MARCH 27, 2024

The company is working with extremely high volumes of data and expects this situation to continue or grow. So, you’ve got a ton of assets earmarked for data storage , with many more workloads on the way. Your business isn’t expecting this data to collect dust in a vault, either. What is a hyperscale data center?

Data 106

Data Purchasing Cost of ownership Quantity 106