article thumbnail

Here’s a comprehensive list of the top 100 skills that a Procurement Manager should master

Procurement Templates

Coupa, Ariba) Data analytics tools (e.g., Analyze Total Cost of Ownership (TCO): Incorporate factors like lifecycle costs, maintenance, and disposal into purchasing decisions. SAP, Oracle) Procurement software (e.g., Master Budgeting: Practice building and managing procurement budgets aligned with organizational goals.

article thumbnail

Building Stronger Relationships: Effective Approaches to Multi-Tier Supplier Collaboration

Jaggaer

Leveraging advanced analytics : You can use analytics to identify top-performing suppliers as well as address any issues based on supplier performance metrics. Analytics also help you better evaluate potential suppliers, pinpoint cost-saving opportunities, and strengthen future sourcing strategies.

professionals

Sign Up for our Newsletter

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

article thumbnail

Future-Proofing Supply Chains with Analytics-Driven Leadership

SCMDOJO

For professionals looking to deepen their understanding of analytics, the Supply Chain Analytics : Concepts, Techniques, and Applications guide by SCMDOJO is a comprehensive resource. This live data enables rapid course correction, such as rerouting goods or adjusting purchase orders before stockouts occur.

article thumbnail

Supply Chain Analytics: Benefits, Challenges & Architecture

SCMDOJO

If you’re in the business world, you’re probably always looking for ways to streamline your supply chain operations. Luckily, supply chain analytics is here to help! But like any new technology, there are hurdles to overcome when implementing supply chain analytics.

article thumbnail

Product Suites are the Future for Supply Chain Tech Stacks!

Supply Chain Game Changer

Design & PLM , materials management, sourcing management , manufacturing process management, warehouse management, distribution & logistics, accounting, merchandising management, and supply chain analytics and forecasting (Phew!)

article thumbnail

Can Coupa (and its procurement suite peers) manage supply as well as spend?

Spend Matters

But can they transcend the business spend management sphere and really go beyond indirect spend management support into the realm of supply [chain] management beyond some of the “basics” (e.g., For example, can they manage n-tier supply risk (or at least supplier risk)? Can they optimize purchased inventory?

article thumbnail

Are you still spending time and money to run a lengthy RFI/RFQ/RFP process for a SaaS platform purchase?

Solvoyo

If you are still planning to spend time and money to run a lengthy RFI/RFP process for a SaaS platform purchase, then we suggest you think twice. We believe T&L is the obvious choice for optimizing the purchase process for a true SaaS solution! . You can also book a meeting using this link.