article thumbnail

4 Predictions on Procurement’s Top Trends in 2023

Arkestro

The recent supply chain issues and market volatility have proven to businesses, large and small, the true value and necessity of an efficient and optimized sourcing/procurement team.”. Procurement Will Still Need to Orchestrate Elements of the Fat Tail and the Long Tail of Spend. scenario-driven demand plans.

article thumbnail

Working Capital: What Is It, How To Calculate, and Why It’s Important

Planergy

Options worth exploring include: asking for upfront payments on orders, reducing credit terms, billing customers immediately upon sale, or getting a better grip on sales forecasting/demand planning. Flexibility in your operating cycle is necessary to remain competitive and make the most of your working capital.

Import 52
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Demand Forecasting Methods: Choosing The Right Type For Your Business

Planergy

For macro-level demand forecasting in the United States, companies can use data from publicly available government agencies and other sources. Demand planning is crucial to all businesses, but the forecasting process and even the forecasting software you use can influence the results. Delphi Method. Download PDF.

Demand 52
article thumbnail

Direct vs Indirect Spend Analysis: What’s the Difference and Why It Matters

Empowering CPO

Spend analysis is the process of collecting, cleansing, classifying, and analyzing expenditure data with the purpose of reducing procurement costs, improving efficiency, and monitoring compliance. Spend analysis plays a vital role in procurement and strategic sourcing. Often lower, due to its perceived non-strategic nature.