Business November 05, 2021
Direct Material Sourcing - How Technology Can Ease its Complexity
It's Friday evening and you find that the parts arriving from the supplier can’t make it inside the gate because of some discrepancies in the purchase order. Let's say you are getting the new equipment ...
Read more..Business October 20, 2021
Source-to-Pay vs. Procure-to-Pay: Which is the better procurement process?
So, you are planning to Digitalize your procurement process. The first step to this is deciding whether to invest in a Source-to-Pay or a Procure-to-Pay platform. To make a decision you need to understand the functions ...
Read more..Business October 11, 2021
Procurement Software: Is it in your IT budget?
This time of year, many companies are figuring out how to allocate resources in the next budget cycle. They will revisit old spend allocations, consider new or lingering business problems, and earmark funds for special ...
Read more..Business October 10, 2021
8 Competing Priorities that jeopardize margin improvement initiatives from procurement
The story goes like this: the CFO is asking for a percentage point cost improvement in the Gross Margin from the Procurement Team in the next Fiscal. This is the most attractive to the ...
Read more..Business October 05, 2021
Sourcing Solutions help in achieving better product costs. How?
Sourcing Startegy: When sourcing for several hundred/ thousands of parts, the process of negotiating becomes unmanageable with the increasing quantum of emails and phone calls. The information gathered from emails and phone conversations has to ...
Read more..Business October 05, 2021
Digitalization Procurement: The Transformation through the ages
Procurement has transitioned from a purely transactional process to a strategic function crucial to business success in the last 30 years. This transformation has also been accompanied by technology for the most part. From the ...
Read more..Business October 05, 2021
Direct Sourcing is much more than purchasing: It is an extension of Product Life Cycle
You design, manufacture, and sell a product… be it an Automobile, Aircraft, Refrigerator (or any of the high-tech gadgets that go in them), a Candy bar, or your off-the-shelf Pain-Killer medication. Unless you are one ...
Read more..Business October 04, 2021
Procurement in Business: Leverage Technology to meet your 2022 Goals
We are heading towards Q1 of 2022 and since Covid swept the world, there have been unprecedented interruptions to organizations across the globe. With the pandemic affecting every country and the subsequent lockdowns across regions ...
Read more..Business September 30, 2021
Procurement Process: How Zumen’s Source-to-Pay Solutions enhance it
Procurement management in Product Manufacturing Companies: In current world scenario procurement teams works on multiple everyday tools and platforms to keep the production line running. To incorporate all these tools, organizations add many layers of ...
Read more..Business September 29, 2021
Procurement System: Ensuring Direct Material Efficiency Through End-to-End Procurement Technology
In manufacturing companies, efficiency is typically derived from well-managed process and material flows. Operational evidence of materials management efficiency can be observed in the percentage of on-time-in-full (OTIF) deliveries from suppliers, high inventory turns, percentage ...
Read more..Business September 28, 2021
Manufacturing Company: What should they be prioritizing?
Manufacturing business : In the wake of the pandemic, many product manufacturing companies were skeptical to move away from their existing processes hoping that businesses would soon be back to normalcy. 2021 follows the previous ...
Read more..Business September 28, 2021
Supplier Management : A modern & automated approach
Supplier Management: In traditional Supplier Management, the focus was only on cost reduction. The buyer-supplier relationship did not extend beyond that. Today, it is recognized that Suppliers play an important role in the long-term success ...
Read more..Business September 28, 2021
S2P Software : How to gain 100% visibility in your sourcing process
Source-to-Pay popularly known as S2P, is the end-to-end process and steps that businesses follow to source, procure, and pay for goods and/or services. Beyond these phases of procurement, S2P also includes strategic procurement and supplier ...
Read more..Business September 26, 2021
SCRM : Mitigating Supply Chain Risks with a Resilient Procurement Platform
Supply chain risks: Unforeseen delivery bottlenecks put companies under acute pressure to act. Events such as the COVID-19 pandemic, blocking of the Suez Canal, or fire at one of Renesas’ factories (Supplier for automotive controller ...
Read more..Business September 01, 2021
Spend Management: Effectively Managing Direct and Indirect Spends
Spend Management: The primary goal for Procurement leaders is to optimize the purchases as more than 70% of their company’s revenue is spent on purchasing goods and services - both Direct and Indirect. While direct ...
Read more..Business August 26, 2021
Supplier Data Management – The first step towards building Supply Chain Resilience
With the advent of the pandemic, a lot has been spoken about Supply Chain Visibility and the role of data in Supply Chain Visibility. Before the pandemic, there was a consensus that organizations had to ...
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