Remove Accounting Remove Automation Remove Inventory Management Remove Risk Management
article thumbnail

Streamlining supply chain management: Strategies for the future

IBM Services

Advanced software tools can automate some parts of forecasting, providing real-time updates and alerts when inventory levels are too high or low. Automation Automation can streamline supply chain operations, from order fulfillment to inventory tracking.

article thumbnail

4 strategic sourcing use cases to strengthen your supply chain

IBM Services

¹ With supply chains often accounting for more than 90% of the greenhouse gas (GHG) emissions associated with providing an enterprise’s products and services, strategic sourcing through the lens of sustainability is another way to reduce overall emissions and advance environmental, social and governance (ESG) goals.

professionals

Sign Up for our Newsletter

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

article thumbnail

How To Avoid A Decrease In Cash Flow From An Increase In Operations

Planergy Software

How better management in AP can give you better flexibility for cash flow management. Cash Flow Governance Risk Management & Compliance (GRC). It is a statement accepted by the Generally Accepted Accounting Principles (GAAP) standards for financial reporting in accrual accounting. Download Free Copy.

Sales 52
article thumbnail

Procurement Costs and How Businesses Can Reduce Them

Planergy Software

Procurement is the act of buying raw materials, goods, and services for a business, as guided by formalized procedures, internal controls, and processes related to not just finance, but inventory management, supply chain management, and supplier relationship management as well. Automating core procurement processes.

article thumbnail

What is a Procurement Project Management Software? – Definition

Obobo

This software can help organizations keep track of their procurement projects, as well as manage and monitor the progress of these projects. Additionally, procurement project management software can also help organizations to automate their procurement processes. The different types of procurement project management software.

article thumbnail

How To Use Activity Ratio Analysis To Understand Business Efficiency

Planergy Software

How better management in AP can give you better flexibility for cash flow management. Financial Ratios Governance Risk Management & Compliance (GRC). For those calculating the accounts payable turnover ratio quarterly, the number of days used is 90, while a full year is 365 days. Download Free Copy. Written by.

article thumbnail

11 Cost Reduction Strategies in Procurement

Obobo

Leverage technology solutions to automate procurement procedures , improve compliance, and reduce costs. Optimize Inventory Management: Effective inventory management can help reduce waste, minimize storage costs and prevent over-ordering of products. Here are some ways to use technology to your advantage: 1.