Procurement Tactics

JUNE 8, 2023

Inventory management refers to the process of handling a company’s inventory, which includes raw materials, parts, and finished products. It also includes ordering, storing, using, and selling these items. Inventory management is a way for companies to figure out what and how much they should order, and when to do it.

Inventory 187

Inventory Management Real-time Visibility Inventory control 187

IBM Supply Chain Blog

FEBRUARY 19, 2024

The pandemic and its aftermath highlighted the importance of having a robust supply chain strategy , with many companies facing disruptions due to shortages in raw materials and fluctuations in customer demand. Automation Automation can streamline supply chain operations, from order fulfillment to inventory tracking.

supply chain software solutions 85

supply chain software solutions Supply chain management Supply chain management Supply Chain Efficiency 85

Supply Chain Game Changer

NOVEMBER 13, 2018

Yet all of the functions that we now associate with Supply Chain have been around for a very long time: Planning, Inventory Management, Logistics, Procurement and Purchasing, Warehousing and many more. So what exactly is the definition of “Supply Chain Management”? Source: [link] ). Source: [link] ). Source: [link] ).

Supply chain management 72

Supply chain management Supply chain management Supply Chain Optimization supply chain software solutions 72

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