Planergy

MAY 25, 2023

Proper spend management also includes tracking and controlling company-wide spending, including procurement costs. Invoice Processing Invoice processing is simple in QuickBooks Online, but there is no real automation involved in the process. Supplier and Vendor Management Vendor management capability is decent in QuickBooks Online.

Spend management 52

Spend management Management Purchase orders Budget 52

SCMDOJO

DECEMBER 14, 2023

Time is really important in business. Knowing how crucial time is for keeping customers happy and influencing what they buy, it’s clear that handling lead time (which means the time it takes to get things ready) is not just needed for business, but it also gives an edge in today’s competitive and complex economy.

Agile and Lean Supply Chain 75

Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization Real-time Visibility 75

Let's Talk Supply Chain

MARCH 1, 2023

Despite spending years building solutions to enhance productivity and visibility, companies simply can’t keep up with the volume and pace of decision making in today’s digital world. The time to start this journey is now. How do I make the best decisions at the moment of maximum impact, while minimizing bias and uncertainty?

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Supply chain 52

SCMDOJO

OCTOBER 14, 2023

Initially, these were managed manually, but the intrusion of digital technologies revolutionized it. Now, real-time connections provide more accurate data and information, which helps create collaboration in the digital world. It has made visible changes in the SCM systems.

Supply Chain Efficiency 87

Supply Chain Efficiency supply chain software solutions Supply chain management Supply chain management 87

Supply Chain Game Changer

JANUARY 22, 2021

Large businesses have already pushed limits to minimize human error, and it’s high time you build solid inventory management for growing your company. Let’s look at our highly recommended small business inventory management tips! Here’s why you should focus on building a robust inventory management system.

Inventory 98

Inventory Management Real-time Visibility supply chain software solutions 98

TYA Suite

DECEMBER 16, 2022

Successful companies focus a lot on their vendor management process and get benefited from it in the market and are always one step ahead of any risks they could encounter. This blog will help you understand the importance of the vendor management lifecycle including tips and tricks for effective vendor management.

Vendor management 52

Vendor management Management Real-time Visibility supply chain software solutions 52

Zycus Cognitive Procurement

JULY 27, 2021

Although, this “a-ha” moment makes for great viewing, but we know that crimes are solved based on hard facts in real life. Once upon a time in procurement, a Chief Procurement Officer (CPO) may have been able to make decisions by relying on their instinct; after all, instinct is simply the product of years of distilled experience.

Procurement 40

Procurement Real-time Visibility Chief Procurement Officer e2e 40

Zycus Cognitive Procurement

DECEMBER 18, 2020

Introduction: Supplier risk mitigation has become very important, especially in these times. With time, organizations did find ways to get their supply chains back up and running. Monitor: The final piece of the puzzle is continuously keeping an eye for events and news across various parameters on a real-time basis.

Risk 40

Risk Suppliers Real-time Visibility Supply chain 40

Empowering CPO

JUNE 30, 2023

Understanding Managed Procurement Services At the very core, Managed Procurement Services involves the strategic delegation of procurement activities to a specialized third-party service provider. It can result in stock-outs or overstock, poor quality control, and longer lead times. Let’s break it down.

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 52

Supply Chain Game Changer

NOVEMBER 15, 2018

They almost always happen within the standard lead time of the components you need. From your Customer to your CEO through to the entire Management chain and everyone in Production … they all want the needed parts NOW! There was an official Corporate department called Supply Line Management.

Strategy 48

Strategy Bill of materials Supply Chain Efficiency Inventory 48

Empowering CPO

JULY 16, 2023

These services deliver crucial benefits, including cost reduction through strategic sourcing and volume pricing, enhanced supplier performance through rigorous selection and management, improved compliance to regulations, and minimized risk of supply chain disruptions. ” – CEO of a leading e-commerce company.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

Empowering CPO

JULY 16, 2023

These services deliver crucial benefits, including cost reduction through strategic sourcing and volume pricing, enhanced supplier performance through rigorous selection and management, improved compliance to regulations, and minimized risk of supply chain disruptions. ” – CEO of a leading e-commerce company.

Supply Chain Efficiency 40

Supply Chain Efficiency Management Procurement Supply Chain Optimization 40

Supply Chain Game Changer

JANUARY 8, 2020

There are huge opportunities, all along the chain, to make a real impact: to reduce waste, provide more visibility into where products come from, and make the system more sustainable. But world-class Supply Chains differentiate themselves through efficiency. It’s what we do, as a profession.

Supply Chain Efficiency 41

Supply Chain Efficiency Sustainability Supply chain Raw materials 41

Pipefy

MARCH 28, 2024

Process orchestration is a process management method that empowers businesses to seamlessly interweave many automated processes, people, and software for increased productivity, time and cost savings, and security. A few process orchestration benefits include collaboration, visibility, and preset connectors and templates.

Real-time Visibility 52

Real-time Visibility e2e Collaboration Data 52

Procurify

JULY 4, 2022

When this happens, a lot of time and effort is lost trying to recover the money. . You should also set up approval sequences in your e-procurement software so you can have better visibility and insights into the procurement process. To prevent this, use a centralized and easily accessible vendor management catalog.

Real-time Visibility 59

Real-time Visibility Procurement Budget Purchasing 59

Procurement Software

MAY 16, 2023

The software automates workflows and approvals, manages supplier catalogues, and provides real-time analytics for better decision-making. The module also includes features such as contract management, invoice processing, and payment processing.

Procurement 96

Procurement Purchase orders Real-time Visibility Purchasing 96

Procurement Software

MARCH 5, 2024

Multi-functional technology enables you to train anywhere at any time, while ever-learning programming allows you to experiment and practice to achieve different outcomes. LavenirAI allows you to train anywhere, any time, so you can stay at the top of your game. The platform also offers supply and risk management insights.

Real-time Visibility 52

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

Supply Chain Game Changer

NOVEMBER 16, 2021

It’s a good time to reflect on recent global events and what this should mean for the future. Despite the cataclysmic disruption caused by the pandemic, inertia will prevent real and sustainable progress from being made. And having the courage to implement these changes will be the real test of leadership.

Supply chain 89

Supply chain Real-time Visibility e2e Supply 89

Supply Chain Game Changer

SEPTEMBER 21, 2021

Is Just In Time Past Its Time? Most of the pre-pandemic Inventory Management strategies were centred around improving inventory turnover, keeping inventory levels as low as possible, and reducing the amount of cash tied up in inventory. Subscribe to Supply Chain Game Changer. Get Our EBOOK HERE.

Inventory 52

Inventory Agile and Lean Supply Chain Real-time Visibility Supply Chain Optimization 52

Planergy

JANUARY 18, 2024

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. Catalog management in procurement is the strategic process of managing and maintaining a product catalog within an organization.

Management 52

Management Procurement Supplier relationship management Real-time Visibility 52

Una

APRIL 9, 2024

It might not seem like much but at the time, that meant more wiggle room in our household budget as a young family. The real value, however, is found when you look beyond cost savings. Streamline procurement processes: GPOs can handle the complexities of vendor management, contract negotiation, and risk management.

Purchasing 52

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

Supply Chain Game Changer

MAY 4, 2021

Schedules would be adhered to, deliveries would be made on time, commitments would be met, financial results would be accurate, customers would be delighted, employees would be happy, and stakeholders would be sitting back at ease watching their company flourish. If forecasts were accurate there would be precision in execution and results.

Strategy 92

Strategy Real-time Visibility Agile and Lean Supply Chain Supply chain 92

SCMDOJO

APRIL 22, 2022

At such a time, NFTs will prove their worth. With the ability to know the real-time movement of the product due to its tokenization system, a company can easily find out the owner of the asset by quick scans and running reports. The tokenization system will also improvise how inventories are managed in the supply chain.

Supply Chain Efficiency 137

Supply Chain Efficiency Supply chain Real-time Visibility Supply 137

Una

SEPTEMBER 22, 2022

It’s impossible to have the most current or newest application implemented at all times. Lack of visibility into spend and contract data also contribute to the difficulty of managing IT spend. There are times when cost reduction is a priority but the IT procurement process should take other factors into account as well.

Procurement 98

Procurement Real-time Visibility Contract Purchasing 98

Procurement Software

JUNE 20, 2023

But then we also included a couple in here which are a bit more specialist, focusing on one or two specific aspects of contract management. We plan to refresh the article a couple of times a year, as solutions are constantly adding features and new solutions come onto the market.

Contract management 52

Contract management Contract e2e Management 52

IBM Supply Chain Blog

DECEMBER 11, 2023

With a hybrid-cloud architecture, the airlines can deal with fluctuating volumes of data, such as during the busy holiday travel season, which requires scaling up resources and data in real-time to improve workflows and deliver better customer experiences. more value than a single public cloud alone.

Real-time Visibility 112

Real-time Visibility Data Strategy Innovation 112

Procurement Software

JANUARY 23, 2024

It simplifies contracts, making them easy to understand, manage and interact with. At the same time, it also provides AI-powered management of contractual obligations and deliverables. Its use case-driven software aims to save you time and money by accelerating decision-making for procurement teams.

Procurement 52

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

Pipefy

JULY 31, 2023

Business process automation streamlines many time-consuming, labor-intensive, and repetitive tasks typically handled by internal departments like HR, IT, and finance. These solutions can easily store and organize data for back-office processes like accounting, invoicing, and cash flow management. What is back-office automation?

supply chain software solutions 52

supply chain software solutions e2e Agile and Lean Supply Chain Real-time Visibility 52

Procurify

JUNE 8, 2022

This way, organizations can spend more time with fewer suppliers. . Supply base optimization requires a strategic plan so you can reduce the number of suppliers you currently have, and spend more time with the ones who are adding value to your organization. Current inventory. 6 steps for successful supply base optimization.

Supply Chain Optimization 52

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

Supply Chain Game Changer

NOVEMBER 11, 2018

This all requires that all products will be in place at precisely the right time for the beginning of the event. Retailers want to have a large quantity of the right goods in place to support the busiest time of year. Retailers must be adept and highly efficient at managing freight and logistics. SKU Management.

Retail Supply Chain 48

Retail Supply Chain Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization 48

The Procuretech Podcast

SEPTEMBER 7, 2021

Most large companies don't have good supplier performance data outside of the standard on-time-in-full (OTIF) measurements. Much trickier than measuring the performance of a raw materials vendor. Managing performance of direct vs. indirect suppliers. These are often not visible when looking at hard KPIs.

Raw materials 52

Raw materials Import Supplier relationship management Real-time Visibility 52

Supply Chain Game Changer

APRIL 16, 2019

There was no indication that there was a problem with cash flow at that time. There was virtually no general understanding of the importance of cash flow and proactive cash management. The strain and drain on cash was real, imminent, and alarming. They wanted payment on time. Solving the Case!

Agile and Lean Supply Chain 51

Agile and Lean Supply Chain Supply Chain Efficiency Supply chain Inventory 51

Procurement Software

JULY 18, 2023

Procoto offers features including: Strategic sourcing Smart databasing Workflow approvals RFP management Data transformation The platform’s tools and analytics aim to level the playing field between small and large companies – giving leverage to SMEs. It gives you full visibility of your spend data, all in one place.

Purchasing 52

Purchasing Contract Negotiation Real-time Visibility 52

Supply Chain Game Changer

NOVEMBER 19, 2018

Recent projects include the digital transformation of a worldwide service and repair parts program; enabling an OEM’s end-to-end supply chain visibility of outsourced manufacturers, assemblers, distribution hubs and 3PL’s; and forming a B2B business development capability for a successful B2C eCommerce company.

Leadership 42

Leadership supply chain software solutions Bill of materials Real-time Visibility 42

Supply Chain Game Changer

JANUARY 30, 2020

As I mentioned in my prior blogs, Inventory Turnover Breakthrough , we needed to take a holistic approach and we needed to tackle the high level levers that influence inventory levels. . There is no visibility to, ratification of, or governance of the demand being loaded into the ERP system. Raw Material Management.

Inventory 61

Inventory Agile and Lean Supply Chain Supply Chain Optimization Replenishment ordering 61

Supply Chain Game Changer

NOVEMBER 16, 2018

As I mentioned in my prior blogs, Inventory Turnover Breakthrough (Parts 1 and 2) , we needed to take a holistic approach and we needed to tackle the high level levers that influence inventory levels. There is no visibility to, ratification of, or governance of the demand being loaded into the ERP system.

Inventory 43

Inventory Agile and Lean Supply Chain Supply Chain Optimization Replenishment ordering 43