The Resource Group, Spend Management Solutions’ Post

With cloud-based business networks, there are easier ways to perform tedious tasks… #supplychain #procurement #logistics #assetcollaboration #artificialintelligence #SAPBusinessNetwork

Reduce cost wastage and improve financial performance with these six measures: - Evaluate current operations - Improve production processes - Review costs - Enhance inventory management - Encourage innovation and development - Provide employee training By reviewing current processes, enhancing production efficiency, and analyzing costs, you can identify areas causing cost wastage. Improving inventory management, fostering innovation, and providing continuous employee training can also help reduce costs related to excess or obsolete inventory. Implementing these measures can lead to effective solutions for cost reduction and waste elimination. Do you have other measures? Share your thoughts in the comments below! #costreduction #financialperformance #employeetraining #inventorymanagement #innovation #productionefficiency #acccounting

Is your organization hesitant to switch to eProcurement? You're not alone! We’ve outlined the top 3 hesitations organizations face when adopting eProcurement: 1️⃣ Cost Concerns 2️⃣ Implementation Effort 3️⃣ Employee Adaptation But here’s the good news — these challenges are manageable with the right approach! From long-term savings to streamlined transitions and effective training, the journey can be smoother than you think.   Swipe below to learn more about overcoming these concerns, and don’t forget to check out the full article for in-depth insights! 👉https://bit.ly/3CKDqaG   #eProcurement #DigitalTransformation #Efficiency #Innovation #bidsandtenders #ProcurementSolutions

Do you need to deliver rapid cost savings in your procurement function? Zero9 has been helping organisations deliver real savings by deploying teams of experts who can work at pace. How?   Flexibility that fits We understand every transformation journey is unique. That’s why our services are designed to be as flexible as your needs. Scale your team up or down, tapping into our pool of cost-out and niche category experts when you need them. This approach not only enhances your efficiency but also allows you to adapt quickly to changing business demands. Rapid savings, real results Need to cut costs fast without compromising productivity? We source teams of experts to deliver immediate, tactical savings while paving the way for long-term value. Whether you need to address your entire spend or focus on specific categories, we provide flexible and cost-effective solutions. Empowering through expertise We source experts who seamlessly integrate into your organisation, using their extensive knowledge and upskilling your workforce. This ensures that the expertise and best practices remain embedded within your team, driving continuous improvement and value long after our work is done. #ABetterWay #ProcurementTransformation #CostOutTransformation #ProcurementExperts #ProcurementRecruitment Angharad Kenward Ross Peckham-Cooper

The results of the Annual Study of Logistics and Transportation Trends survey came out recently which examines transportation spending, competitive strategy, and performance for shippers. Some of the more noticeable developments of this survey are: 📌 Environmental, economic/financial, and trade/customs regulations have had the greatest impact on shipper’s logistics spending. We have seen this mentioned in the news with trucker minimum wage disputes and labor shortages affecting the bottom line. 📌 Companies are moving to adapt to new technologies with a 16% increase in usage in back-office automation. This is essentially streamlining processes and routine tasks. 📌 Also, companies are adapting to optimization-related technologies to improve forecasting and route optimization. 📌 Managing, hiring, and retaining talent is still an issue. Since the landscape constantly evolves, finding talent with the right leadership experience and technical skills still looms. 📌 There is still a stigma for working in the logistics and transportation industry which hurts its ability to attract talent. However, companies are countering this by promoting meaningful career paths as well as stability. 📌 Only 39% of the respondents report that their company has a formal learning and development department. Without adequate training programs available, employee attrition is at stake. Most of these developments are in the headlines regularly so they shouldn’t come as a surprise. The market has provided its share of challenges, but there are still ways for companies to stand tall even today.  

🚚 Optimizing Logistics: Reducing Dwell Time with Smart Scheduling 🕒 In the fast-paced world of logistics, efficiency is key. Our latest blog dives into the strategies behind minimizing dwell time - the time goods spend waiting - through savvy scheduling tactics. Read more: [https://lnkd.in/gbgra3N7] #Logistics #SupplyChain #Efficiency #SchedulingStrategies 📦

Supplier and carrier costs quantify the expenses associated with sourcing materials from suppliers and transporting them through various carriers. It reflects the financial efficiency of the supply chain. https://lnkd.in/gg-tsvjv

5 MANAGEMENT TECHNIQUES TO INCREASE WAREHOUSE ENGAGEMENT AND RETENTION: 👉 https://lnkd.in/gB5PRWjZ

People Powered Procurement.🚀 It's one of our key values, but what does it actually mean❓ We asked some of the Procure4 team to share what it means to them. This week, it's Client Solutions Director, Oliver Jones in the hotseat! Let us know what you think about People Powered Procurement in the comments. We'd love to hear your thoughts.👂 #Procurement #Team #KnowledgeSharing #Insight #Consulting #SupplyChain

Discover the challenges faced by the distribution and logistics industry during summer in our latest article. Explore insights on managing staff absences, demand fluctuations, and navigating busier roads. #Logistics #SummerOperations