article thumbnail

Periodic Inventory System — Everything You Should Know

Procurement Tactics

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Periodic Inventory System — Everything You Should Know Periodic inventory system is a method in accounting that is usually easier and more cost-effective. However, what is it? When to Use it?

Inventory 192
article thumbnail

The top capabilities of E-Procurement solutions

Spend Matters

This Spend Matters series takes a look at the state of procurement technologies in the market today and whether they meet user demands. In this article, our analyst Xavier Olivera looks at E-Procurement. In this article, our analyst Xavier Olivera looks at E-Procurement. What does an E-Procurement solution do?

professionals

Sign Up for our Newsletter

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

article thumbnail

Overcoming Procurement Challenges with Procurement Outsourcing Services

Empowering CPO

Introduction In today’s hyper-connected, fast-paced global economy, the procurement landscape is more complex and critical than ever before. In this environment, procurement is not just about purchasing anymore; it’s a strategic function that can significantly impact a company’s bottom line, reputation, and future growth.

article thumbnail

Overcoming Procurement Challenges with Managed Procurement Services

Empowering CPO

Introduction In today’s hyper-connected, fast-paced global economy, the procurement landscape is more complex and critical than ever before. In this environment, procurement is not just about purchasing anymore; it’s a strategic function that can significantly impact a company’s bottom line, reputation, and future growth.

article thumbnail

A Snapshot of Supply Chain Technology

Una

Zero visibility of the risks their ships faced, from storms to piracy and political instability, rendered those on shore helpless to intervene. That is why the most important gains in supply chain technology have been in the area of visibility. The Challenging State of Procurement and Supply Chain. Internet of Things (IoT).

article thumbnail

The Endless Complexities of the Ocean side of Supply Chains

SCMDOJO

A good way to understand longer end-to-end transit times which under the current scenario have increased dramatically on most of the major trade lanes is to take a closer look at where delays are more likely to happen. The extreme need to traverse these nuances has propelled logistics companies to develop new solutions and expand services.

article thumbnail

How does your tech stack, stack up?

EazyStock

Calculating demand forecasts and replenishment parameters can also be very challenging and time-consuming without software. An inventory optimization app focuses on optimizing stock levels – reducing the risk of stock outs while ensuring you don’t over-invest and carry too much excess. Logistics tracking. Delivery truck logbooks.