Strategic Sourceror

OCTOBER 27, 2022

This was a sentiment shared by just about every product-based company during the pandemic, when the efforts designed to stamp out COVID-19 wound up wiping out supply chains more than anything else. Many of those supply chains remain in rough shape in a variety of respects, from raw materials being hard to come by to staffing shortages.

Collaboration 105

Collaboration Supply Chain Efficiency supply chain software solutions Supply chain 105

NLPA (Next Level Purchasing Association)

MAY 8, 2023

Supply chain visibility is essential for successful procurement, as it enables businesses to proactively manage risks and optimize their supply chain. By having a clear view of their entire supply chain, businesses can identify potential issues and take steps to mitigate them. million, up from $1.9

Supply Chain Visibility 52

Supply Chain Visibility Real-time Visibility supply chain budgeting Supply Chain Optimization 52

Supply Chain Game Changer

JUNE 10, 2021

Subscribe to Supply Chain Game Changer. The Disintermediation of the Supply Chain! Integrated Supply Chain Management article and permission to publish here provided by Tyrone Fisher. Most businesses are aware how important a supply chain is to operations. GET our EBOOK HERE.

Supply chain management 73

Supply chain management Supply chain management supply chain software solutions Supply Chain Efficiency 73

Procurement Tactics

JUNE 28, 2023

Commodities are Tangible products, which usually refer to raw materials that are used as inputs in producing other goods and services. Commodity Trading is the exchange of essential raw materials and goods. It follows the principles of supply and demand as it is the driving force of commodity markets.

Raw materials 178

Raw materials Supply Chain Efficiency Price Market analysis 178

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. However, what is it?

Inventory 170

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

EazyStock

APRIL 18, 2023

Supply chain managers and inventory management professionals face a constant barrage of supply chain crises, with one always waiting around the corner. With every crisis comes the potential for supply chain disruption that can cause chaos for stock-holding businesses. Global supply chains.

Supply Chain Optimization 52

Supply Chain Optimization supply chain software solutions Supply Chain Efficiency Supply chain 52

SupplyShift

DECEMBER 6, 2021

In the wake of supply chain disruptions and global shortages, businesses are quickly recognizing the need for greater visibility over their supply network, from documenting the origin of material components to tracking shipments. Supply chain mapping has plenty of more far-reaching benefits, too.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Supply chain e2e 52

SupplyShift

DECEMBER 6, 2021

In the wake of supply chain disruptions and global shortages, businesses are quickly recognizing the need for greater visibility over their supply network, from documenting the origin of material components to tracking shipments. Supply chain mapping has plenty of more far-reaching benefits, too.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Supply chain e2e 52

Procurify

JULY 20, 2022

If you are a purchasing manager struggling to meet your saving targets, you’re not alone. . Technological advancements are also rapidly changing the responsibilities of purchasing managers. . Now is a crucial time to re-evaluate the importance of purchasing in the overall organization strategy. Written by: Procurify.

Purchasing 52

Purchasing Management Supply Chain Efficiency supply chain software solutions 52

Arkestro

APRIL 25, 2023

Resources / Blog / Reducing Construction Costs & Improving Sourcing Efficiency with Predictive Procurement Reducing Construction Costs & Improving Sourcing Efficiency with Predictive Procurement Construction companies face a host of challenges in the post-COVID era. from February 2020 to August 2022.

Supply Chain Efficiency 52

Supply Chain Efficiency Sourcing supply chain budgeting Real-time Visibility 52

Supply Chain Game Changer

NOVEMBER 13, 2018

When I began my career there was no such thing as “Supply Chain Management” Supply Chain was not a title to be found anywhere on any organization chart. So what exactly is the definition of “Supply Chain Management”? The Evolution of Supply Chain! Source: [link] ).

Supply chain management 72

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

Arkestro

JUNE 20, 2023

Research-backed procurement strategies can help CFOs achieve their goals while minimizing risk exposure across global supply chains. This blog will cover the current challenges facing CFOs and procurement teams and several strategies that can be implemented to drive cost savings and increase efficiency.

Procurement strategies 52

Procurement strategies Supply Chain Efficiency Strategy supply chain budgeting 52

Supply Chain Game Changer

MAY 5, 2021

Subscribe to Supply Chain Game Changer. Defining the New Normal in Supply Chain! As everyone in Supply Chain Management knows today, the field has come a long way. For the majority of Supply Chain’s history, this evolution has been driven by a knack for finding efficiency. Email Address.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Supply chain Strategy 52

Arkestro

JANUARY 18, 2023

Chemical manufacturers turn an array of raw materials—gas, minerals, metals, and more—into countless products used in everyday life. Predictive procurement is the key to securing raw materials at the right price and time. Some raw materials are in short supply, and others are dangerous to extract, transport, and store.

Raw materials 94

Raw materials Procurement supply chain budgeting Supply Chain Efficiency 94

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

Planergy

JULY 5, 2022

ESG In Supply Chain: Creating a Sustainable Value Chain. ESG In Supply Chain: Creating a Sustainable Value Chain We all know just how valuable the supply chain is. Of all these emissions, 2/3 of them usually come from the upstream supply chain. Download Free Copy. Written by.

Sustainability 52

Sustainability Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 52

Planergy

JANUARY 26, 2023

Here we’ll discuss various potential supply chain disruptions and what you can do to mitigate the risks to keep your business up and running throughout whatever circumstances are thrown your way. Always have another supplier for any mission-critical raw materials in case there are issues of any kind with your primary suppliers.

Risk 52

Risk supply chain software solutions supply chain budgeting Supply Chain Efficiency 52

Una

APRIL 11, 2023

Advantages and Disadvantages of ERP Systems Discover the advantages and disadvantages of utilizing ERP systems to drive efficiencies and cost savings in procurement. ERPs often use automated workflows and business rules to streamline processes, reduce errors, and increase efficiency. billion in 2020) Oracle ($40.48

supply chain software solutions 98

supply chain software solutions Real-time Visibility Supply Chain Efficiency Raw materials 98

Procurement Tactics

JANUARY 8, 2023

It can also help drive sustainability initiatives in your supply chain and procurement process. . Closed loop spend management (CLSM) is an approach geared towards injecting resilience and agility into business operations by optimizing overhead costs and transforming procurement and supply chain processes. .

Sustainability 207

Sustainability Procurement Agile and Lean Supply Chain Supply Chain Optimization 207

Procurement Software

MARCH 11, 2022

Here are just a few examples of how top procurement software solutions can move the needle and drive better results from your existing procurement team. Purchase to pay software with a mobile-first interface that busy stakeholders actually enjoy using. Operating supplies (MRO and consumables). This is crazy.

supply chain software solutions 52

supply chain software solutions Procurement Real-time Visibility Raw materials 52

Procurement Software

MARCH 11, 2022

Here are just a few examples of how top procurement software solutions can move the needle and drive better results from your existing procurement team. Purchase to pay software with a mobile-first interface that busy stakeholders actually enjoy using. Operating supplies (MRO and consumables). This is crazy.

supply chain software solutions 52

supply chain software solutions Procurement Real-time Visibility Raw materials 52

Arkestro

MAY 16, 2022

Using a huge range of raw materials for production, companies in this industry supply chemicals to virtually every sector. Shipments are global, and so are the sources of raw materials. Some raw materials are in short supply. Purchased 35,000 different raw materials.

Raw materials 52

Raw materials Procurement Real-time Visibility supply chain software solutions 52

Supply Chain Game Changer

FEBRUARY 27, 2019

Change is inevitable in modern supply chain management, and risk management is essential to success. Poor grasp of hazards in your supply chain will increase freight spend and diminish brand value. Understanding the top 10 global supply chain risks can work to reduce their impact. Economic Instability.

Risk 57

Risk supply chain software solutions Supply Chain Efficiency Supply chain 57

SCMDOJO

SEPTEMBER 18, 2023

In the dynamic landscape of supply chain management, precise terminology is paramount. Sourcing plays a crucial role in building strong supplier relationships and achieving cost-effectiveness in the supply chain. Purchasing: Purchasing is the act of buying goods or services from suppliers or vendors.

Procurement 99

Procurement Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 99

Arkestro

MARCH 13, 2023

It turned to Arkestro Predictive Procurement software. Holman’s procurement operations were decentralized across locations, creating silos and further slowing down a system now strained by the global health crisis; purchasing was an ad hoc process dependent on the same small pool of suppliers.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Procurement Bidding 52

EazyStock

NOVEMBER 19, 2020

Stock (or inventory) replenishment is the process of moving items along the supply chain so they are ready to be picked and shipped, thus fulfilling orders on time. Any supply chain management professional will tell you that it’s an arduous balancing act to maintain optimized inventory levels through effective stock replenishment.

Supply Chain Optimization 98

Supply Chain Optimization Supply Chain Efficiency supply chain software solutions Inventory 98

Procurement Tactics

JULY 13, 2022

The global pandemic and the ongoing war between Russia and Ukraine have disrupted the supply chain. This will allow you to give importance to these functions that will keep your supply chain sustainable. Many processes in procurement are done using procurement software. Procurement Today. Contracting.

Procurement 130

Procurement supply chain budgeting Negotiation Contract 130

EazyStock

OCTOBER 31, 2022

A demand planning team will forecast demand for their stock items so that supply chain and inventory managers can decide what, how much and when they need to order. If a product isn’t available for customers to purchase because it’s out of stock, they will likely turn to a competitor and might not return.

Demand Planning 52

Demand Planning Demand Supply Chain Efficiency supply chain software solutions 52

EazyStock

OCTOBER 31, 2022

A demand planning team will forecast demand for their stock items so that supply chain and inventory managers can decide what, how much and when they need to order. If a product isn’t available for customers to purchase because it’s out of stock, they will likely turn to a competitor and might not return.

Demand Planning 52

Demand Planning Demand Supply Chain Efficiency supply chain software solutions 52

Arkestro

NOVEMBER 16, 2023

Something we often take for granted as consumers is the Black Friday supply chain practices that occur for each piece of inventory on a retailer’s shelves. While Aunt Ethel’s Christmas gift might seem simple, the supply chain management process behind it is anything but.

Procurement 52

Procurement supply chain software solutions Raw materials Supply Chain Efficiency 52

Arkestro

MARCH 13, 2023

Resources / Blog / 3 Ways Arkestro Can Assist With Your Automotive Sourcing Strategy 3 Ways Arkestro Can Assist With Your Automotive Sourcing Strategy Automotive sourcing is complicated, and few supply chains are as complex. At our previous Optimal conference, Jeoffrey Burris, owner of Advanced Purchasing Dynamics, Inc.,

Sourcing 52

Sourcing Strategy Raw materials Supply Chain Optimization 52

Arkestro

MARCH 13, 2023

Automotive sourcing is complicated, and few supply chains are as complex. The pandemic has already negatively affected raw materials you source from your usual Tier 3 suppliers to build vital vehicle parts. At our previous Optimal conference, Jeoffrey Burris, owner of Advanced Purchasing Dynamics, Inc.,

Sourcing 52

Sourcing Strategy Raw materials Supply Chain Optimization 52

Empowering CPO

MAY 11, 2023

Environmental factors consider the ecological impact of products and services throughout their life cycle, from raw material extraction to disposal. Economic: From an economic perspective, sustainable procurement can result in cost savings through increased efficiency, reduced waste, and minimized risk of supply chain disruptions.

Sustainability 52

Sustainability Procurement Supply Chain Efficiency Raw materials 52

Planergy

JANUARY 12, 2023

As a procurement professional, you know how important it is to have a reliable and cost-effective supply chain. One way to ensure that your supply chain runs smoothly is by utilizing supplier tiering. You can manage suppliers by breaking them down into different tiers more efficiently. Evaluating Your Suppliers.

Suppliers 52

Suppliers Supply Chain Efficiency Raw materials supply chain budgeting 52

Procurement Software

APRIL 2, 2024

But often, those who aren’t familiar with the procurement software market mistakenly overestimate the cost. You don’t need a 6-figure software budget or a large sum to hire consultants for implementation. There’s plenty of digital procurement solutions out there for every budget.

supply chain budgeting 52

supply chain budgeting supply chain software solutions Procurement Budget 52

Finale Inventory

SEPTEMBER 13, 2022

Businesses use the supply chain to order and distribute goods to consumers. Supply chain layers work together to create and distribute products across the globe. However, disturbances in this chain can disrupt access to goods and other business functions. What Is the Bullwhip Effect?

supply chain software solutions 52

supply chain software solutions Supply Chain Optimization supply chain budgeting Inventory 52

EazyStock

JULY 2, 2021

In inventory management a BOM is critical to ensure the correct quantities of each item are procured and available at the right time to prevent delays along the supply chain. Types of Bill of Materials. Engineering bill of materials (EBOM) : an engineering BOM shows the make-up of a product from a design perspective.

Bill of materials 52

Bill of materials Supply Chain Efficiency Quantity Supply Chain Optimization 52