Knowledge Base
In operative procurement, many delivery problems start before the purchase order is even sent. The supplier may not have enough material, production capacity, labor, or transport availability because the buyer has not shared future demand in time. This is where supplier forecasts become important. A forecast gives the supplier visibility of expected future demand. It…
A core component of ERP systems is Material Requirements Planning (MRP), which ensures that the right materials are available at the right time for production.
One of the critical functions of ERP software is the Where Used function (collection BOM) for buyers, which helps buyers understand product data and inventory.
Most operative buyers know the feeling of working with a “good” supplier and a “bad” supplier. Some suppliers respond quickly, confirm orders on time, update delivery dates, and understand what the buyer needs. Others are slow, unclear, reactive, or difficult to work with. Sometimes the problem is supplier leadership, culture, capacity, or poor internal processes.…
But what happens when you’re saddled with a supplier known for poor delivery performance? Enter the world of expediting and learn The Power of Expediting.
Collect the benefits of E-procurement, which allows organizations to purchase goods and services through a dedicated web shop.
You may be wondering what a purchase order is and how it works? This type of questions will be in one of our courses
Procure to Pay, often shortened to P2P, is one of the most important processes for an operative buyer to understand. The problem is simple: if the purchase need, purchase order, goods receipt, invoice, and payment do not match, the organization quickly gets operational and financial problems. Suppliers may not be paid on time. Invoices may be…
hort lead-times in procurement can create major advantages. They can reduce inventory, improve cash flow, increase responsiveness, and help the organization react faster to customer demand. But short lead-times can also become dangerous if they are forced onto suppliers without understanding capacity, planning, logistics, quality requirements, or risk. The real procurement problem is not only…
What buyer needs to know about TEU – a basic level introduction to the basics. Size, examples how much it holds, cost break down and more.
