World of Procurement blog

MAY 8, 2024

Procurement differs from purchasing in a few key ways: Strategic focus : Procurement has a strategic, long-term focus on analyzing spend, reducing costs, managing supplier relationships, and mitigating risk. Purchasing is more transactional and tactical. Purchasing focuses specifically on the buying transaction.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Una

AUGUST 2, 2022

It’s also important to understand the sheer scale of the opportunity that’s up for grabs through procurement modernization and digitization. Take B2B services purchasing as an example. Fully-automated spend categorization will boost visibility, free up time, supercharge advanced analytics, and improve decision-making.

Procurement 98

Procurement Supply Chain Efficiency Real-time Visibility supply chain budgeting 98

Supply Chain Game Changer

JULY 21, 2021

In supply chain, simply observing your entire supply chain in action to assess it is not possible, but with data and a reliable performance management system like The Owl, you can at-least have a real-time view of your supply chain performance through KPIs and metrics. Customer Lead Time (Service). OTIF (Service).

Supply Chain KPIs 98

Supply Chain KPIs supply chain budgeting Supply Chain Efficiency supply chain software solutions 98

Let's Talk Supply Chain

MARCH 30, 2023

Electronic Data Interchange (EDI) was introduced in the 1960’s to allow businesses to communicate key business transactions such as purchase orders, advanced shipping notices, and invoices electronically instead of via paper providing fewer errors and more efficiencies.

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain supply chain software solutions Supply Chain Efficiency Supply chain 98

EazyStock

NOVEMBER 17, 2022

For the past ten years, Black Friday has seen sales increase annually and is one of the most important sales occasions of the year. The extended Black Week sales period sees increased pressure on companies to get ahead on their demand planning and ensure they have the necessary inventory.

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Efficiency Inventory Real-time Visibility 52

SCMDOJO

APRIL 4, 2023

Importance of Supply Chain Analytics Five Types of Supply Chain Analytics Benefits of Supply Chain Analytics Challenges in Implementing Supply Chain Analytics Supply Chain Analytics System Architecture Role of Big Data What is Supply Chain Analytics? This can result in faster delivery times and improved customer satisfaction.

Supply Chain Analytics 111

Supply Chain Analytics Supply Chain Optimization supply chain budgeting Supply Chain Efficiency 111

Let's Talk Supply Chain

JUNE 15, 2023

Will my deliveries reach my customers on time? Buy vs Build Before companies dive into implementing last-mile delivery technology for their business, they must carefully consider whether building their own or purchasing existing technology makes the most sense. Creating something from the ground up also needs time.

Route optimization 98

Route optimization Real-time Visibility Supply Chain Efficiency Supply Chain Optimization 98

SCMDOJO

AUGUST 16, 2023

The company has implemented sophisticated barcode scanning and point-of-sale systems to collect real-time data from its stores. By employing these technologies, Walmart gains valuable insights into customer buying behavior, sales trends, and inventory levels.

Supply Chain Efficiency 75

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization Supply chain 75

Empowering CPO

JUNE 26, 2023

From data-driven decision making to real-time spend visibility, predictive analytics, supplier collaboration, intelligent automation, and data security, we will explore each trend in depth, shedding light on their significance and potential impact on businesses.

Real-time Visibility 40

Real-time Visibility Supply Chain Efficiency Supply Chain Optimization Collaboration 40

Supply Chain Game Changer

MARCH 23, 2021

But too often the expected deliverables from Supply Chain professionals are established without a real understanding of the totality and breadth of actual tasks that must be performed underneath those high level expectations. With an iceberg it is said that only 10% of it is visible as the rest is under the water.

Supply Chain Efficiency 64

Supply Chain Efficiency Supply chain Real-time Visibility Supply 64

Supply Chain Game Changer

OCTOBER 1, 2019

Purchase orders would be written out by hand and mailed or faxed to suppliers with buyers calling suppliers on the phone to tell them about their needs as well as the inevitable changes in demand. Visibility to where goods were was largely limited to updates that came over the phone. Conclusion.

Supply Chain Optimization 82

Supply Chain Optimization Supply Chain Efficiency supply chain software solutions Supply chain 82

Supply Chain Trend

AUGUST 13, 2020

But to more deeply understand how it can support business planning, we should differentiate the need for process and decision automation on one hand from the planning knowledge augmentation. As it matures, third-wave technology may become the most important tool the workforce must prepare for. Business Planning Cycles.

supply chain software solutions 147

supply chain software solutions Supply Chain Optimization supply chain budgeting Supply chain 147

Finale Inventory

JUNE 29, 2022

Continue reading for more information about shortages and surpluses and how Finale Inventory’s scalable inventory management system can help your business thrive. Inaccurate Demand Forecasting. However, if the data is inaccurate, it can lead to a business purchasing more inventory than they need, creating a surplus.

Inventory 52

Inventory supply chain software solutions Demand Price 52

Supply Chain Game Changer

AUGUST 26, 2021

Supply Chain Visibility Has Never Been More Important! Supply Chain visibility article and permission to publish here provided by Adam Miglio. Every single organization I have been a part of has been dependent on Excel spreadsheets for order tracking and expediting – and in some cases – even demand planning.

Supply Chain Visibility 103

Supply Chain Visibility Real-time Visibility e2e Agile and Lean Supply Chain 103

Supply Chain Game Changer

NOVEMBER 10, 2018

Supply chain collaboration is a hot topic today and no wonder: companies that collaborate effectively across the supply chain have enjoyed dramatic reductions in inventories and costs, together with improvements in speed, service levels, and customer satisfaction. What’s new is that it’s taken on a much greater urgency and importance.

Collaboration 66

Collaboration Supply Chain Optimization Agile and Lean Supply Chain supply chain budgeting 66

Supply Chain Trend

NOVEMBER 16, 2016

It sometimes seems like S&OP is stuck in a time warp, where the same old things as 30 years ago are being discussed. This operating model included order to cash, make to demand, purchase to pay, finance and planning processes. Whatever maturity model or consultancy support companies use, S&OP seems to get stuck.

supply chain budgeting 115

supply chain budgeting Supply Chain Efficiency Innovation Supply chain 115

Supply Chain Game Changer

NOVEMBER 6, 2018

But the single most important Supply Chain is the Food Supply Chain! The Food Supply Chain, the most important Supply Chain in the World, is BROKEN! Consumers are the biggest source of food waste in developed countries as they discard at least 20-30% of what they purchase. Check out The Baby Supply Chain! The Problems.

Supply Chain Optimization 59

Supply Chain Optimization Supply chain Real-time Visibility Supply 59