IBM Services

FEBRUARY 13, 2024

For sourcing teams, that means pivoting their mindset around selecting suppliers from a tactical, lowest-cost-above-all approach to a strategic one. Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals. And from that group, 71% would pay a premium for it.

Strategic Sourcing 84

Strategic Sourcing Sourcing Supply Chain Management Inventory Management 84

Groove Technology

MARCH 6, 2023

Without access to accurate, real-time data on everything from inventory levels to sales performance, it can be difficult for retail business owners to make informed decisions about how to optimize their operations, improve customer experiences, and stay ahead of the competition.

Retail 130

Retail Inventory Management Sales Data Entry 130

Obobo

MARCH 23, 2023

For companies looking to reduce costs, procurement is often one of the first places they look. Cost reduction during procurement processes can be accomplished through various strategies that range from the short-term to medium and long-term goals. Short-term Cost Reduction Strategies Short-term Cost Reduction Strategies: 1.

Reduced Costs 52

Reduced Costs Inventory Management Automation Sourcing 52

Obobo

JANUARY 13, 2023

Supply chain savings is one such concept, an area of study that can help businesses streamline their operations and reduce costs. In this blog post, we’ll explore the definition of supply chain savings, how it works, and how businesses can use it to reduce their costs and maximize profits.

Inventory Management 40

Inventory Management Reduced Costs Efficiency Sourcing 40

Planergy Software

SEPTEMBER 10, 2021

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. Improving inventory management.

Inventory Management 59

Inventory Management Supply Chain Management Data Entry Labor Costs 59

IBM Services

APRIL 25, 2024

BPR examples: Use cases Streamlining supply chain management Using BPR for supply chain optimization involves a meticulous reassessment and redesign of every step, including logistics, inventory management and procurement.

Supply Chain Management 60

Supply Chain Management Finance Human Resources Robotics Process Automation 60

Obobo

JANUARY 30, 2023

By taking steps to prevent costs from being incurred in the first place, you can achieve much greater savings than if you simply tried to save money after the fact. Cost containment As a business owner or procurement manager, you’re always looking for ways to save money and reduce costs.

Software 81

Software Reduced Costs Automation Service 81