Procurement Tactics

JUNE 19, 2023

AI in logistics refers to the use of AI-powered solutions to optimize supply chain management, improve decision-making and enhance customer experience. The use of AI in logistics is becoming an essential element of supply chain management as the industry becomes more complex as it is.

Logistics 193

Logistics supply chain budgeting supply chain software solutions Real-time Visibility 193

Procurement Software

APRIL 23, 2024

Spend analytics software would be the first tech investment I’d make in a greenfield Head of Procurement role. To do this quickly and efficiently, spend analytics software is your best friend. This usually justifies the business case to invest in spend analytics software to categorise this quickly and more easily.

supply chain software solutions 52

supply chain software solutions Real-time Visibility Supply Chain Efficiency supply chain budgeting 52

Supply Chain Game Changer

JULY 21, 2021

Subscribe to Supply Chain Game Changer. Supply Chain KPIs article and permission to publish here provided by Harkirat Ahluwalia. KPI’s are not solely limited to supply chain, but are used in various different fields to measure how well a company is meeting its objectives. Customer Lead Time (Service).

Supply Chain KPIs 98

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

ivalua

OCTOBER 22, 2020

This year’s edition comes at an interesting time, with the Covid-19 pandemic having shifted Procurement priorities and employee working practices. Investing in Procure-to-Pay solutions is seeing the bigger picture. Investing in Procure-to-Pay solutions is seeing the bigger picture. If true, that would be a real shame.

supply chain software solutions 147

supply chain software solutions Procurement Real-time Visibility supply chain budgeting 147

SCMDOJO

JUNE 6, 2023

For businesses to succeed, supply chain optimization is essential to succeed. It helps reduce costs, increases efficiency, and can enhance customer satisfaction. Supply chain optimization can achieve this with the help of data analytics. They can understand their supply chain operations with more precision.

Supply Chain Optimization 72

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

ivalua

FEBRUARY 10, 2023

It also has an impact on procurement teams as they are responsible for managing supplier relationships, identifying opportunities for cost savings, and ensuring that goods and services are delivered on time and within budget.

Price 264

Price Strategy Sourcing Real-time Visibility 264

Procurement Tactics

JANUARY 23, 2023

A transport management system is an innovative software used to make the transportation of goods and services throughout a company more efficient. It also simplifies the coordination between shippers, receivers, and hauliers by providing access to real-time status updates for all personnel involved in the transport activities of a company.

Real-time Visibility 202

Real-time Visibility Management Supply Chain Efficiency supply chain budgeting 202

SCMDOJO

AUGUST 21, 2023

Try this as a tongue twister: “Tripping through tantalizing TikTokers, tenfold to transform your tangled supply chain!” In our digital age, where viral trends dominate, TikTok’s influence now extends to supply chain management. Discover the Top 10 TikTokers reshaping how you view supply chains.

Supply Chain Optimization 97

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain supply chain software solutions 97

Procurement Tactics

JUNE 6, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Inventory Forecasting — Everything You Should Know Inventory forecasting allows you to predict when supply chains and consumer demand are going to change. What is Inventory Forecasting?

Inventory 170

Inventory Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 170

ivalua

MAY 6, 2021

The pandemic has accelerated this trend, with the Procurement function front and center in the fight to ensure supply chain resilience and continuity, reduce costs and protect the bottom line. According to Jones, there four key areas in which modern software will enable and empower procurement: 1) Optimize automation.

supply chain software solutions 130

supply chain software solutions Procurement Agile and Lean Supply Chain Supply Chain Efficiency 130

Procurement Heads

JANUARY 30, 2023

I am an IT Buyer and procure software and hardware. You’ve previously worked on the supply chain side of retail, how much of a shift was it to procuring IT for a leading infrastructure company? Procurement is more about contract management and negotiating great commercials for your business.

supply chain budgeting 130

supply chain budgeting supply chain software solutions Negotiation Real-time Visibility 130

World of Procurement blog

APRIL 23, 2024

The procurement of materials is a vital process in supply chain management, involving the timely acquisition of high-quality goods and services at the most economical prices from reliable suppliers. Inventory Control and Management : Properly managing the received materials to ensure they are used efficiently and effectively.

Procurement 52

Procurement Inventory control supply chain budgeting Real-time Visibility 52

World of Procurement blog

APRIL 23, 2024

The procurement of materials is a vital process in supply chain management, involving the timely acquisition of high-quality goods and services at the most economical prices from reliable suppliers. Inventory Control and Management : Properly managing the received materials to ensure they are used efficiently and effectively.

Procurement 52

Procurement Inventory control supply chain budgeting Real-time Visibility 52

Procurement Tactics

MAY 31, 2023

Inventory control helps to avoid the various costs associated with purchasing excessive inventory and the strains of operating without sufficient inventory. If a company can lower inventory, it may discover new funds available for expansion or profits. Tips to Control Your Inventory 1.

Inventory control 174

Inventory control Inventory Real-time Visibility supply chain budgeting 174

Procurement Tactics

JUNE 8, 2023

Warehouse automation involves using technology and software to make warehouse operations more efficient and reduce the need for manual labor. It includes automating the movement of inventory within a warehouse and its delivery to customers, with minimal human intervention. So, without further ado, let us now start!

supply chain software solutions 178

supply chain software solutions Warehouse operations Order Fulfillment Inventory 178

Arkestro

MARCH 27, 2024

After years of focusing on cost reduction, the majority of procurement leaders say they plan to spend more and increase workloads in 2024, meaning procurement buyers will have more power to influence change and optimize spend across the entire supply chain. You can unsubscribe at any time. Subscribe to news from Arkestro.

Buyers 52

Buyers Supply Chain Efficiency supply chain budgeting Procurement 52

World of Procurement blog

MAY 8, 2024

It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations. Purchasing measures transactional volume and costs. Increases efficiency by standardizing, streamlining, and automating processes.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

World of Procurement blog

MAY 10, 2024

Predicting future spend : By analyzing historical spend data, AI algorithms can create spending forecasts, predict seasonal demand changes, and model the impact of external factors on budgets. One of the biggest challenges in procurement has been gaining visibility into exactly where money is being spent across the organization.

Procurement team 52

Procurement team Procurement Real-time Visibility Supply Chain Efficiency 52

Supply Chain Trend

AUGUST 13, 2020

Preview In his 2019 Foresight article, Niels van Hove examined eight technological hurdles that must be overcome to enable autonomous or ‘lights out’ supply-chain planning. He reasoned that to support such planning we need to implement a third wave of integrated supply-chain planning software. Key Points.

supply chain software solutions 147

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

IBM Supply Chain Blog

AUGUST 16, 2023

There are many reasons why organizations have embraced cloud services, including improved efficiencies, cost savings, scalability, flexibility and quicker time-to-market. As a result, IT budgets are experiencing decreases along with overall operational budgets.

Real-time Visibility 69

Real-time Visibility Budget Cost optimization Demand 69

Empowering CPO

JUNE 26, 2023

Spend analysis refers to the process of examining and categorizing an organization’s spending patterns, supplier relationships, and purchasing behavior to identify opportunities for cost reduction, process improvement, and strategic decision-making. Data-Driven Decision-making: Informed decision-making is crucial in healthcare.

supply chain budgeting 52

supply chain budgeting Supply Chain Optimization Supply Chain Efficiency Supplier consolidation 52

Supply Chain Game Changer

FEBRUARY 12, 2020

Subscribe to Supply Chain Game Changer. Supply Chain as a Service (SCaaS)! . Why have so few companies adopted a TMS (Transportation Management System) solution? There are tremendous benefits but there are obstacles, real or perceived, that get in the way. Subscribe Here! Email Address.

Real-time Visibility 76

Real-time Visibility Management Supply Chain Optimization supply chain budgeting 76

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

Planergy

MARCH 2, 2023

How to gain visibility and control of your indirect spend. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Introduction To Tail Spend Analysis Tail spend analysis examines a company’s spending patterns and identifies opportunities to reduce costs and improve efficiency.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Real-time Visibility supply chain software solutions 52

Planergy

JANUARY 19, 2023

How to gain visibility and control of your indirect spend. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. This would mean that 70% of your spending is going toward one type of product—in this case, stationery—and 30% is being spent on other types of office supplies.

supply chain budgeting 52

supply chain budgeting Procurement Supply Chain Efficiency Supply Chain Optimization 52

Empowering CPO

JULY 2, 2023

This approach allows businesses to leverage the expertise of procurement specialists to streamline operations, optimize supplier relationships, and most importantly, reduce costs. This involves everything from identifying requirements and sourcing suppliers to negotiating contracts, placing orders, and managing supplier relationships.

Management 40

Management Supplier relationship management Procurement Strategic sourcing 40

Let's Talk Supply Chain

NOVEMBER 2, 2022

You asked, and we are delivering – with another brand new mini-series, featuring the logistics expert, tech innovator and firm Let’s Talk Supply Chain favorite… Sifted ! We wrapped up our “Tomorrow’s Insights Delivered Today” mini-series with Sifted back in September and it was a real success.

Contract 52

Contract Supply Chain Efficiency Supply Chain Optimization Contract management 52

World of Procurement blog

MAY 8, 2024

What is Supply Chain Management (SCM) Supply Chain Management (SCM) is the management of the flow of goods, services, information and finances as they move from raw materials to final product, from manufacturer to consumer. The ultimate goal of SCM is to reduce costs while satisfying customer demands.

Agile and Lean Supply Chain 40

Agile and Lean Supply Chain Supply chain management Supply chain management Supply Chain Optimization 40

Procurement Software

MARCH 11, 2022

What many companies don’t realise though is that direct materials have been negotiated to death. Old school, pure-play price negotiations don’t work, especially in an inflationary market. Even if budgets have been set, there is very little control that a CFO or a procurement team can yield. 2) Uncontrolled purchases.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Procurement Software

MARCH 11, 2022

What many companies don’t realise though is that direct materials have been negotiated to death. Old school, pure-play price negotiations don’t work, especially in an inflationary market. Even if budgets have been set, there is very little control that a CFO or a procurement team can yield. 2) Uncontrolled purchases.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

SCMDOJO

MARCH 25, 2022

In the current era, it is clear that new modes of production are concomitant with new modes of distribution, which advances the field of logistics, the science of physical distribution or even supply chain management. Reminder of Key Definitions – Logistics & Supply Chain Management. and J-P Rodrigue (2004)).

Supply Chain Efficiency 132

Supply Chain Efficiency Agile and Lean Supply Chain Logistics Supply Chain Optimization 132

Planergy

AUGUST 21, 2023

Though a decrease in accounts payable has a positive impact on your financial statements, it reduces the total amount of cash available, with the decrease representing the total amount of cash transactions that have been paid over a specific period of time. How Can You Manage Accounts Payable to Improve Cash Flow? Here’s how.

Real-time Visibility 52

Real-time Visibility Purchasing supply chain software solutions Spend management 52

Supply Chain Game Changer

NOVEMBER 8, 2018

There are tremendous benefits but there are obstacles, real or perceived, that get in the way. Many years ago I started a Supply Chain Services business as a new service within the company. The fundamental premise was that we had great Supply Chain expertise, tools, systems and processes which we could easily offer to customers.

Real-time Visibility 43

Real-time Visibility Management Supply Chain Optimization supply chain budgeting 43

Empowering CPO

JUNE 20, 2023

In the realms of procurement and supply chain management, spend analysis is a game changer. For instance, let’s look at a real-world example. A global manufacturing company was grappling with escalating procurement costs and a lack of visibility into their spending.

Real-time Visibility 52

Real-time Visibility Data Supply Chain Efficiency Purchase orders 52

Procurement Tactics

MAY 16, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Fourth Party Logistics — Everything You Should Know Fourth-party logistics (4PL) help businesses to optimize their entire chain. In this article, we will discuss what 4PL means. 4PL: What is it?

Logistics 211

Logistics Supply Chain Optimization supply chain budgeting Supply Chain Efficiency 211

Supply Chain Game Changer

FEBRUARY 9, 2022

Subscribe to Supply Chain Game Changer. Once treated as an “add-on” to full-time commitments, project management has evolved into a separate area with its theoretical background and methods. These activities always require a balance between certain elements: purpose, time, price, and quality. ”. Subscribe Here!

Project management 80

Project management supply chain software solutions Management supply chain budgeting 80

Planergy

OCTOBER 4, 2022

How to gain visibility and control of your indirect spend. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Another advantage of big data analytics is that it can help organizations reduce costs and improve efficiency. Cristian Maradiaga. King Ocean.

Data 52

Data Import supply chain software solutions Quality 52