X
Software Functionality Revealed in Detail
We’ve opened the hood on every major category of enterprise software. Learn about thousands of features and functions, and how enterprise software really works.
Get free sample report

Compare Software Solutions
Visit the TEC store to compare leading software solutions by funtionality, so that you can make accurate and informed software purchasing decisions.
Compare Now
 

 procurement practices meaning


Discovering and Creating Value in Procurement through Continuous Assessment and Innovation
Improvement is not simply an idea: it is a process. And processes without frameworks are recipes for underachievement, or worse, chaos. For this reason, value

procurement practices meaning  by reducing spend for procurement of goods and services, while improving or maintaining quality and availability; by improving the process key performance indicators (KPIs) in terms of reliability, responsiveness, and flexibility; and by improving return on assets. All those companies who have been able to drive excellence have realized that a structured approach to these transformational initiatives, along with a deep focus on sustaining compliance to processes, technologies, and organizational

Read More


Software Functionality Revealed in Detail

We’ve opened the hood on every major category of enterprise software. Learn about thousands of features and functions, and how enterprise software really works.

Get free sample report
Compare Software Solutions

Visit the TEC store to compare leading software by functionality, so that you can make accurate and informed software purchasing decisions.

Compare Now

E-procurement RFI/RFP Template

Buying Entity Features, Selling Entity Features, Consulting services, Marketplace, Asset Management, Product Technology  

Evaluate Now

Documents related to » procurement practices meaning

The Modelling Approach to Post-implementation Agility in Enterprise Systems


Change happens, and it will always happen in virtually every business environment. The underlying enterprise system should thus be an aid to changing the business, rather than an obstacle, as is the usual case today.

procurement practices meaning  available immediately to financial, procurement, project costing, HR, payroll, and other applications. This data model not only serves as a shared repository of information for the applications, but also acts as an automatically defined catalogue for a range of specialized reporting and information delivery tools. In other words, fully integrated analysis, reporting, and communication facilities (with user-defined business views in an anytime, anywhere, anyway manner) are becoming a given in people-, Read More

Oracle Further Orchestrates Its SOA Forays Part Three: Strategy Shifts


Oracle has long moved in the direction of blurring the line between applications and infrastructure. It has leveraged the system of record elements in application suites by applying infrastructure technologies to correlate real-time events for improved decision-making.

procurement practices meaning  covers the buy side (e-procurement and supplier relationship management) inside the four walls enterprise operations. In other words, it covers core ERP including financials, human resources (HR), project management, and manufacturing with advanced planning and scheduling (APS). The sell side is also covered by the software through its comprehensive customer relationship management (CRM) components. This includes call center, field sales, sales force automation (SFA), service and support, configuration Read More

APICS 2009 From the Expo Floor: Is S&OP Coming of Age? - Part 5


Part 1 of this blog series talked about my attendance of the APICS 2009 international conference in Toronto, Canada in early October. I attended few education sessions, as my conference visit focused more on exploring the expo floor and talking to the exhibitors. My overwhelming impression from the conference's expo floor was that its main value proposition this year revolved around the flavors

procurement practices meaning  -- Transportation planning and procurement JDA Master Planning  -- Multi-constraint manufacturing planning Enter S&OP Workbench In his series of papers on S&OP, Dr. Larry Lapide of the MIT Center for Transportation and Logistics , says that an S&OP Workbench generally supports two types of information needed to be shared during cross-functional S&OP meetings. First, the workbench can generate  dashboards  to display a multitude of metrics that portray the planned  supply versus “unconstrained” Read More

Outcome Sourcing in the Outcome Economy


The move to an outcome economy encompasses radical changes in the core elements of commerce. It requires a whole new way of thinking on the part of both buyer and seller—from buying and selling things to buying and selling outcomes.

procurement practices meaning  as well as the procurement, strategic sourcing, design collaboration, and on-line marketplaces practices. Bill McBeath can be reached at: bill.mcbeath@clresearch.com . ChainLink Research is a bold new supply chain research organization dedicated to helping executives improve business performance and competitiveness. Read More

Best Practices: Six Ways to Dial In Your Talent Strategy


Talent managers today face a number of challenges, including integrating talent management programs while still impacting the business—all with cost constraints. But solving immediate talent needs will not be the only expectation. Talent managers must take a long-term view and anticipate tomorrow’s needs to attract, engage, retain, reward, and develop high-performing employees. Read up on best practices for building your organization’s talent—today and tomorrow.

procurement practices meaning  Practices: Six Ways to Dial In Your Talent Strategy Talent managers today face a number of challenges, including integrating talent management programs while still impacting the business—all with cost constraints. But solving immediate talent needs will not be the only expectation. Talent managers must take a long-term view and anticipate tomorrow’s needs to attract, engage, retain, reward, and develop high-performing employees. Read up on best practices for building your organization’s Read More

E-Policy Best Practices


This business guide by ePolicy Institute and EdgeWave Inc. provides best-practices guidelines for developing and implementing effective workplace e-policies, and in the process, creating clean, compliant, safe and secure electronic communications that are less likely to trigger a workplace lawsuit, regulatory investigation, security breach, or other electronic disaster.

procurement practices meaning  Policy Best Practices This business guide by ePolicy Institute and EdgeWave Inc. provides best-practices guidelines for developing and implementing effective workplace e-policies, and in the process, creating clean, compliant, safe and secure electronic communications that are less likely to trigger a workplace lawsuit, regulatory investigation, security breach, or other electronic disaster. Read More

New Dimensions in EC and SCM Part 1: The Benefits of E-Procurement


From point-and-click ordering using Web-based catalogs of individual suppliers, to marketplaces that bring together in one place the products or services offered by multiple suppliers, to live auctions that determine the lowest-price bidder — there is a wide range of new e-procurement methods and tools to help businesses buy goods and services better, faster, and cheaper.

procurement practices meaning  cost structure -- making procurement strategy and execution a critical lever for effective supply chain operations and superior business profitability. Electronic commerce offers exciting new possibilities for businesses to improve their performance on this important upstream supply chain activity, both for indirect or support items and, increasingly, for materials that are direct components of the products and services that businesses make and sell. As in many areas of e-commerce, the wide variety of Read More

Procurement Outsourcing: 10 Things Companies Really Want to Know


Procurement Outsourcing: The 10 Things Companies Really Want to Know draws upon recent discussions with dozens of companies that are exploring outsourcing services. Jason Gilroy and colleagues draw upon their years of procurement expertise to provide answers to common questions surrounding the outsourcing of procurement services.

procurement practices meaning  Really Want to Know Procurement Outsourcing: The 10 Things Companies Really Want to Know draws upon recent discussions with dozens of companies that are exploring outsourcing services. Jason Gilroy and colleagues draw upon their years of procurement expertise to provide answers to common questions surrounding the outsourcing of procurement services. Read More

Best Practices in Complex Equipment Manufacturing, Sales, and Service


Best practices in technology can help manufacturers of complex products and equipment get their offerings to market more quickly and profitably by enabling them to become more cost effective and efficient. But there are still challenges to be overcome, due to product life cycle complexity. Discover the best practices that can help you make the product and make it right, on time, and within budget—while making a profit.

procurement practices meaning  Practices in Complex Equipment Manufacturing, Sales, and Service Best practices in technology can help manufacturers of complex products and equipment get their offerings to market more quickly and profitably by enabling them to become more cost effective and efficient. But there are still challenges to be overcome, due to product life cycle complexity. Discover the best practices that can help you make the product and make it right, on time, and within budget—while making a profit. Read More

Elevating Your Procurement Organization from Knee-jerk Reactions to Predictive Analytics


For most companies, chief procurement officers (CPOs) need to maximize savings, focus on sustainability, manage supplier performance, and minimize supplier risk to ensure supply chain continuity. To do all this, CPOs are turning to procurement analytics—to identify areas of low performance, optimize procurement functions, and reduce costs. Know a four-step process to help you deploy and configure a procurement analytics program.

procurement practices meaning  Your Procurement Organization from Knee-jerk Reactions to Predictive Analytics For most companies, chief procurement officers (CPOs) need to maximize savings, focus on sustainability, manage supplier performance, and minimize supplier risk to ensure supply chain continuity. To do all this, CPOs are turning to procurement analytics—to identify areas of low performance, optimize procurement functions, and reduce costs. Know a four-step process to help you deploy and configure a procurement Read More

Top 10 Talent Management Best Practices for 2013


In today’s lean business environment, companies are maximizing the value of their people. Your people—or talent—are an asset you can leverage to dramatically increase your success. This executive brief provides ten ways that organizations can better understand the talent that is driving results.

procurement practices meaning  10 Talent Management Best Practices for 2013 In today’s lean business environment, companies are maximizing the value of their people. Your people—or talent—are an asset you can leverage to dramatically increase your success. This executive brief provides ten ways that organizations can better understand the talent that is driving results. Read More

Procurement at the Helm: Steering for Success


As the global economy continues to struggle, procurement teams continue to be tasked with looking for ways to control costs. Other recent global events such as natural disasters and commodity price volatility have also left procurement grappling with increasing supply risk. The research presented here examines how many purchasing organizations have already changed their strategies or plan to do so over the next two years.

procurement practices meaning  economy continues to struggle, procurement teams continue to be tasked with looking for ways to control costs. Other recent global events such as natural disasters and commodity price volatility have also left procurement grappling with increasing supply risk. The research presented here examines how many purchasing organizations have already changed their strategies or plan to do so over the next two years. Read More

Best Practices for Deploying LAN Security and NAC


Good security used to mean perimeter firewalls and desktop anti-virus software. However, threats don’t come just from outside the company any more. That means security must go beyond the desktop and into the network infrastructure itself. You can stop security breaches at the source—with multimethod and microsecond threat detection—before any damage is done to your network and your business.

procurement practices meaning  Practices for Deploying LAN Security and NAC Good security used to mean perimeter firewalls and desktop anti-virus software. However, threats don’t come just from outside the company any more. That means security must go beyond the desktop and into the network infrastructure itself. You can stop security breaches at the source—with multimethod and microsecond threat detection—before any damage is done to your network and your business. Read More

Best Practices for ERP Implementation


Is your organization just beginning an enterprise resource planning (ERP) project, in mid-installation, or trying to recover from a failed or stalled implementation? Download this white paper to learn some strategies for successful ERP software implementation, including common ERP pain points (and how to avoid them), key considerations for new ERP projects, differentiators of best-in-class ERP implementations, and tips to make your ERP implementation more successful.

procurement practices meaning  Practices for ERP Implementation Is your organization just beginning an enterprise resource planning (ERP) project, in mid-installation, or trying to recover from a failed or stalled implementation? Download this white paper to learn some strategies for successful ERP software implementation, including common ERP pain points (and how to avoid them), key considerations for new ERP projects, differentiators of best-in-class ERP implementations, and tips to make your ERP implementation more successful. Read More